Stone Fox Capital Profile Picture Investment Adviser

Stone Fox Capital

Financial Services,Stone Fox Capital

  • EducationUniversity of Tulsa
  • QualificationsBS, BA, CPA
  • Investment Experience15 years
  • Founded2010

Opportunistic Arbitrage

Opportunistic Arbitrage is a long/short investment strategy that seeks to take advantage of potential upside in small-and-mid-cap stocks.

It also uses short positions in an effort to hedge the account and to avoid selling long positions that may otherwise lead to substantial capital gains taxes.

The strategy seeks to buy stocks with strong fundamentals that appear to be poised for growth, but may have been overlooked by institutional investors.

Risk score

Risk Score 5
5
Leverage: 1.93
126.8%

Best 30 days

-58.9%

Worst 30 days

Performance

  • -10.8%
    30 day
  • -3.2%
    90 day
  • 47.5%
    365 day
    January 29, 2009
Monthly vs S&P500
Stone Fox Capital - Opportunistic Arbitrage Monthly vs S&P500
30.0% 12 months
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Portfolio currently closed to new subscribers. Let me know if space becomes available.

  • $10,000 subscription min
  • Margin account required
  • 1.5% fee

Replicability

100.0%
0.0%
  • Replicable
  • Non-replicable

Top 5 Holdings View all

16.1%
14.3%
14.1%
13.2%
-92.8%

Portfolio commentary

  1. Dividends and buybacks: Stick with what worked in 2013?

    20 December 2013

    Income portfolios combine dividends and buybacks in search of 'shareholder yield.'

  2. Income investors focus on rising dividends and buybacks 22 November 2013
  3. Looking beyond dividends for yield 31 October 2013
  4. WellPoint and Hartford Financial delivered in April 22 May 2013
  5. Our top 2013 picks: Seagate Technology and Kohl's 20 December 2012

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Performance detail

  • Manager (net of fees)
  • S&P 400 Midcap

Performance

Inception January 29, 2009

as of April 16, 2014 Manager (net of fees) S&P 400 Midcap S&P 500
Past 30 days -10.8% -1.8% 0.3%
Past 90 days -3.2% 0.1% 1.4%
Past 365 days 47.5% 21.1% 20.8%
Since Inception (Annualized) 21.4% 22.2% 18.9%
2014 (YTD) -6.2% 0.8% 1.3%
2013 60.2% 33.5% 32.4%
2012 -7.2% 17.9% 16.0%
2011 -67.7% -1.7% 2.1%
2010 55.9% 26.6% 15.1%

Risk metrics

Last 365 days

as of April 16, 2014 Manager (net of fees) S&P 400 Midcap S&P 500
Best 30 days 29.2% 9.8% 8.4%
Worst 30 days -15.8% -6.0% -4.8%
Volatility 38.0% 13.9% 11.5%
Sharpe Ratio 1.25 1.52 1.81
Sortino Ratio 1.74 2.04 2.55
Maximum Drawdown -19.5% -7.3% -5.7%
Value-at-risk (95%, 1 week) -8.8% -3.2% -2.7%
vs. S&P 400 Midcap vs. S&P 500
Information Ratio 0.95 0.90
Alpha 1.0% -4.9%
Beta 2.24 2.61
R-Squared 0.67 0.63
Subscribe

Portfolio currently closed to new subscribers. Let me know if space becomes available.

  • $10,000 subscription min
  • Margin account required
  • 1.5% fee

Latest transactions View all

Average trades per month 4.6
Executed Symbol Security Replicable Type Price
04/14/14 WPX WPX Energy Inc Yes Sell $18.84
04/04/14 RVBD Riverbed Technology Inc Yes Sell $19.85
03/13/14 Z Zillow Inc Yes Buy $81.61
03/12/14 MRIN Marin Software Inc Yes Buy $10.00
02/05/14 MM Millennial Media Inc Yes Buy $7.01
01/29/14 FB Facebook Inc Yes Buy to cover $53.45
01/13/14 CRZO Carrizo Oil & Gas Inc Yes Sell $40.76
12/20/13 FB Facebook Inc Yes Sell short $54.92

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions, and broker commissions. Manager returns include trades that fail Covestor's trading rules, do not reflect any Covestor suitability or risk score restrictions and are exclusive of Covestor fees. More
  3. Average subscription returns ("Avg Sub" or "Avg Client") are calculated by Covestor and are composed of the average, daily, time weighted returns of all active subscriptions to the underlying portfolio. These daily average returns are then linked together for the timeframe requested. In addition, these returns include cash, dividends and earnings distributions, brokerage commissions, Covestor advisory fees, and reflect individual client suitability and risk score restrictions. More
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The subscription minimum is the minimum subscription required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.
  9. These securities are currently held in the portfolio manager's brokerage account. Holdings in the "Replicable Holdings" table currently pass Covestor's trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription holdings may vary.
  10. These transactions were executed in the portfolio manager's brokerage account. Those marked as "Replicable Transactions" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription trade activity may vary.
  11. S&P 500 Index is an unmanaged index compiled by Standard & Poor´s Corp. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. S&P 500 index data: S&P/Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies Copyright © 2014.
  12. This portfolio was launched on Covestor on February 03, 2010. Trading history prior to launch was audited by Covestor and is consistent with current portfolio strategy. Manager performance incorporates this historical data. This data has not been audited by an independent firm.