ValueScene model portfolio

Monthly performance and positions of a shipping-focused model portfolio, tracked since January 2023.

PERFORMANCE

Portfolio performance

Published through 30 Oct 2026

SINCE INCEPTION · JAN 2023 - OCT 2026

+271.17%

Cumulative model portfolio return · USD

ValueScene model portfolioClosed month-end observations i

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2026 YEAR TO DATE

+60.85%

January through October

LATEST MONTH OCT '26

-1.44%

Closed monthly return

MODEL PORTFOLIO VALUE

371,166

From a $100,000 starting value

USD · Model results

Model results before fees and taxes. Past performance does not indicate future results.How this is measured ↗

ALLOCATION

Portfolio positions

October 2026 allocation

Target weights at the monthly rebalance

Holding	Focus	Target weight	Month return
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Allocation dates and performance reporting dates are shown separately.

MONTHLY RETURNS

Monthly performance

Download the record

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year / YTD

Negative month Positive monthSelect a month to see its source and detail ↗

Returns by position

Year

Position	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec

USD returns including price adjustments for dividends and splits. These are each position’s returns, not its weighted contribution to portfolio performance. A dash means no closed position return for that month.

UPDATES

Latest posts

All journal entries

Portfolio update2026-11-01

Model Portfolio 2026-11

Our larger allocation to short-term Treasuries cushioned October’s decline. We maintain our defensive positioning and keep the same holdings for November.

3 min read

Portfolio update2026-09-30

Model Portfolio 2026-10

The market has had a decent run, and tanker rates are still sky-high. After the strong gains over the past few months, however, we think it makes sense to take some profits and reduce risk here. We've moved roughly 60%…

1 min read

Portfolio update2026-08-01

Model Portfolio 2026-08

July was a good month. The portfolio gained 10.80%, bringing the year-to-date performance to 49.28%. Since inception in 2023, it is now up 244.48%. Rates remain very strong, especially for tankers, but I'm also…

1 min read