Stone Fox Capital Profile Picture Investment Adviser

Stone Fox Capital

Financial Services,Stone Fox Capital

  • Education University of Tulsa
  • Qualifications BS, BA, CPA
  • Investment Experience 15 years
  • Founded 2010
Opportunity is Knocking: Mark Holder
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Opportunistic Arbitrage Long Only

Long only portfolio aims to take advantage of the opportunities presented by the market. Typically has a small/mid cap bias towards fundamentally strong stocks within attractive macro trends. Also looks for underfollowed/underappreciated ideas to exploit the misinformation in the market. Knowing the business and financials of a company are the keys to being able to make tough investment decisions in these volatile markets.

This model will invest in foreign companies listed on US exchanges.
Pick stocks based on detailed fundamental analysis, but only invest when the valuation is mismatched with high potential upside. Utilize technical analysis for deriving ideal entry points to limit downside risk.

This model will invest in foreign companies listed on US exchanges.
Focuses on macro trends and drills down to the best stocks and values within those trends. Typically invest in stocks trading below long term growth prospects and opportunistic situations where companies trade below intrinsic value. In order to know the business and financials of a company, it requires intense studying of quarterly reports, listening to conference calls, reading research reports, and reading up on competitors all while keeping an eye on economic trends.
Typically holds 20-25 positions to provide diversification from any one holding. The goal is to keep holdings down in order to focus on the top investment picks. Most mutual funds over diversify into less then ideal picks.
Positions are sold when stocks meet initial targets, become too large an allocation, the fundamentals warrant a change, or changes in the market present opportunities to lock in gains. The whole goal is to limit transactions and hence capital gains. Also implore technical analysis to determine when the market might be signaling a change in a stock’s prospects that the fundamentals might not yet reflect. Such reversals will be utilized to reduce exposure to risky selections.
None.

Risk score

4
22.7%

Best 30 days

-27.5%

Worst 30 days

Performance

  • 8.5%
    30 day
  • -2.1%
    90 day
  • 8.7%
    365 day
Monthly vs S&P500
stone fox capital - opportunistic arbitrage long only
-22.5% 12 months
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  • $20,000 subscription min
  • 1.5% fee

Replicability

99.9%
0.1%
  • Replicable
  • Non-replicable

Top 5 Holdings View all

11.1%
8.0%
7.6%
6.5%
6.5%

Model commentary

  1. Our top 2013 picks: Seagate Technology and Kohl's

    20 December 2012

    This model is on the hunt for high yielding stocks in the year ahead.

  2. Why we sold Gap in favor of Motorola Solutions 15 October 2012
  3. How stock buybacks lifted the Net Payout Yields model 24 September 2012
  4. Why we like Aercap, Hartford and Lincoln Financial 20 August 2012
  5. Covestor manager Holder talks Angie's List with Forbes 16 August 2012

show more


Performance detail

  • Manager
  • S&P 400 Midcap
  • S&P 500
30D 90D 365D SI

Performance

Inception November 09, 2010
as of May 16, 2013 Manager S&P 400 Midcap S&P 500 Average Subscriber
Past 30 days 8.5% 6.2% 4.8% -
Past 90 days -2.1% 7.5% 8.6% -
Past 365 days 8.7% 27.5% 24.6% -
Since Inception (Annualized) -9.6% 14.6% 13.0% -
2013 (YTD) 6.1% 17.6% 15.7% -
2012 9.2% 16.1% 13.4% -
2011 -36.9% -3.1% -0.0% -

Risk Metrics

Last 365 days
as of May 16, 2013 Manager S&P 400 Midcap S&P 500
Best 30 days 15.8% 9.2% 7.5%
Worst 30 days -14.9% -5.0% -7.0%
Volatility 22.3% 15.1% 12.8%
Sharpe Ratio 0.38 1.81 1.90
Sortino Ratio 0.56 2.46 2.75
Maximum Drawdown -20.0% -7.9% -7.7%
Value-at-risk (95%, 1 week) -5.2% -3.5% -3.0%
vs. S&P 400 Midcap vs. S&P 500
Information Ratio -1.57 -1.18
Alpha -21.9% -22.8%
Beta 1.28 1.47
R-Squared 0.75 0.71
Stone Fox Capital's other strategies
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  • $20,000 subscription min
  • 1.5% fee

Latest transactions view all

Average trades per month 1.4
Executed Symbol Security Replicable Type Price
05/02/13 FNP Fifth & Pacific Companies, Inc. Yes Sell $20.19
03/19/13 MM MILLENNIAL MEDIA INC Yes Buy $6.98
03/19/13 NIHD NII Holdings Inc Yes Sell $4.93
03/19/13 SVNT Savient Pharmaceuticals Inc Yes Sell $0.77
03/14/13 MM MILLENNIAL MEDIA INC Yes Buy $8.13
03/01/13 RVBD Riverbed Technology Inc Yes Buy $15.10
03/01/13 FWLT FOSTER WHEELER AG Yes Sell $19.93
02/28/13 FCX Freeport-McMoRan Copper & Gold Inc Yes Buy $32.05


Important Information

1. Past performance is no guarantee of future results.

2. Performance of the model 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 model. 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 model. The minimum amount is determined by Covestor, based on the characteristics of the underlying model. 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 and do not include cash, dividends and earnings distributions, or 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 Model Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Model 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. Model classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.

9. Top Replicable Holdings: These securities are currently held in the model manager's brokerage account. Those marked as "Replicable Holdings" 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. Latest Transactions: These transactions were executed in the model manager's brokerage account. Those marked as "Replicable" () 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 © 2013.


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