Stone Fox Capital Profile Picture Investment Adviser

Stone Fox Capital

Financial Services,Stone Fox Capital

  • EducationUniversity of Tulsa
  • QualificationsBS, BA, CPA
  • Investment Experience16 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
Leverage: 2.15

Best 30 days


Worst 30 days


  • 1.3%
    30 day
  • 12.3%
    90 day
  • -30.3%
    365 day
    February 03, 2010
Monthly vs S&P500
Stone Fox Capital - Opportunistic Arbitrage Monthly vs S&P500
-36.8% 12 months

Pre-investment approval required. Contact or call 866.825.3005 x1.

  • $20,000 investment min
  • Margin account required
  • 1.5% fee


  • Financial
  • Consumer, Cyclical
  • Technology
  • Communications
  • Energy

Top 5 securities View all


Portfolio commentary

  1. Why unloved IBM is actually a great buy

    18 March 2015

    IBM is a buying opportunity even as it trades at historic lows.

  2. The surprising impact of mid-term elections on your investment portfolio 3 November 2014
  3. The stock market's secret weapon 22 September 2014
  4. Dividends and buybacks: Stick with what worked in 2013? 20 December 2013
  5. Income investors focus on rising dividends and buybacks 22 November 2013

show more

Performance detail

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


Covestor inception February 03, 2010

as of November 25, 2015 Manager (net of fees) S&P 400 Midcap S&P 500
Past 30 days 1.3% 2.1% 1.1%
Past 90 days 12.3% 3.6% 5.7%
Past 365 days -30.3% 2.3% 3.2%
Since Covestor inception (Annualized) -14.4% 14.7% 14.1%
2015 (YTD) -25.8% 2.2% 3.4%
2014 -29.0% 9.8% 13.7%
2013 60.2% 33.5% 32.4%
2012 -7.2% 17.9% 16.0%
2011 -67.7% -1.7% 2.1%

Risk metrics

Last 365 days

as of November 25, 2015 Manager (net of fees) S&P 400 Midcap S&P 500
Best 30 days 22.6% 7.6% 11.2%
Worst 30 days -36.6% -8.4% -10.0%
Volatility 42.2% 14.8% 15.2%
Sharpe Ratio - 0.72 0.14 0.20
Sortino Ratio - 0.96 0.21 0.28
Maximum Drawdown -47.4% -12.6% -12.0%
Value-at-risk (95%, 1 week) -9.8% -3.4% -3.5%
vs. S&P 400 Midcap vs. S&P 500
Information Ratio - 1.03 - 1.06
Alpha -34.6% -36.3%
Beta 2.29 2.21
R-Squared 0.65 0.63

Pre-investment approval required. Contact or call 866.825.3005 x1.

  • $20,000 investment min
  • Margin account required
  • 1.5% fee

Latest transactions View all

Average trades per month 4.7
Executed Symbol Security Type Price
08/24/15 GLUU Glu Mobile Inc Sell $4.08
08/05/15 ACAS American Capital Ltd Sell $12.91
06/25/15 SRG RT SRG RT Sell short $3.80
06/19/15 ORIG Ocean Rig UDW Inc Sell $5.78
06/16/15 ORIG Ocean Rig UDW Inc Buy $6.11
03/25/15 VA Virgin America Inc Buy $30.25
03/25/15 MRIN Marin Software Inc Sell $6.14
02/23/15 C Citigroup Inc Buy $51.03

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 and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the asset-weighted average returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment 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 are provided by Covestor, and are intended to serve as a general guide.
  9. Not all transactions listed will appear in your account due to Covestor's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.