ValueSceneLatest updates The journal.
Monthly portfolio updates and investment notes.
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.
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%…
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…
Model Portfolio 2026-07
I did not write an update for the past three months. This was partly for personal reasons and partly because there was not much need for one. The portfolio was up 5.42% in April, down 0.92% in May and down 3.23% in…
Model Portfolio 2026-04
No portfolio changes for April. Performance came in at -0.22%, bringing YTD performance to 33.32% and total return since inception in January 2023 to 207.64%. Positions for April 2026 3 x BIL CMBT ECO GLNG NVGS SBLK SFL…
Model Portfolio 2026-03
February was another very strong month for the portfolio. Performance came in at +14.27%, bringing YTD performance to 33.61% and total return since inception in January 2023 to 208.31%. Our 3x short term bond position…
Model Portfolio 2026-02
January was a very strong month for the portfolio after a difficult December. Performance for the month was +16.93% , which more than recovered the prior losses. Since inception in January 2023, the portfolio is now up…
Model Portfolio 2026-01
December was a tough month for the portfolio, down -4.55%. Shipping stocks in general ended the year on a weak note, and that showed up in several holdings. It wasn't a great month, but the bigger picture still looks…
Model Portfolio 2025-12
November was a steady month with a gain of 1.83%. Most positions moved in line with expectations, with only HAFN and GLNG showing weaker performance. Despite that, the overall trend remains positive and the portfolio…
Model Portfolio 2025-11
It has been a few months since the last update, partly for personal reasons and partly because there was simply no need to make any changes to the portfolio. August was another strong month with a gain of 9.14%.…
Model Portfolio 2025-08
July delivered a strong gain of 6.97%, lifting our year-to-date performance to 14.43% and bringing total returns since inception in January 2023 to 104.02%. We are making no changes to the model portfolio this month.…
Model Portfolio 2025-07
There was no update last month due to a vacation, but the portfolio held up well in my absence. May delivered a strong +7.00%, and June added a modest +1.10%, bringing our year-to-date performance to +6.98% and total…
Model Portfolio 2025-06
On vacation. No portfolio update this
Model Portfolio 2025-05
April ended with a small gain of +1.75%, bringing our year-to-date performance to -1.12% and our total return since inception in January 2023 to 75.88%. It was a volatile month overall, but our portfolio held up well.…
Model Portfolio 2025-04
March closed with a modest gain of +0.4%, leaving our year-to-date performance at -2.81%, and bringing our total since inception in January 2023 to 73.28%. It was essentially a flat month, marked by underwhelming…
Model Portfolio 2025-03
Last month was absolutely horrible for shipping, dragging our performance down to -8.15% for February and bringing our year-to-date to -3.21%. At the beginning of the year, we removed Hafnia (HAFN) from our portfolio, a…
Model Portfolio 2025-02
After an eventful January that gave us its fair share of market swings, we can report a robust 5.39% gain for the month, putting our year-to-date performance at the same 5.39%. While the market kicked off the year on a…
Model Portfolio 2025-01
As the year comes to a close, it’s time to reflect on the rollercoaster ride that was 2024. Despite a challenging second half, the portfolio still managed to deliver a solid performance of 20.34% for the year, with a…
Model Portfolio 2024-11
On vacation. No portfolio update this
Model Portfolio 2024-12
It’s been a while since the last portfolio update, as I was on vacation. Unfortunately, the market didn’t take a break, and the past two months have been particularly challenging for shipping stocks. Especially our…
Model Portfolio 2024-10
September was a great month for us, delivering a MTD gain of 4.59%, bringing our YTD performance to 39.98%. We're also celebrating a new all-time high, now up 107.4% since inception in January 2023. Overall, we're in a…
Model Portfolio 2024-09
August wasn't the best month for us, ending with an MTD decline of -2.04%. However, with some cash still on hand, valuations are beginning to look much more reasonable compared to a few months ago. On a positive note,…
Model Portfolio 2024-08
No changes were made to the positions in the portfolio. Normally, I would have added ZIM, but I was on vacation and didn't want to add the stock in hindsight. Let's see how things look at the end of the month. At the…
Model Portfolio 2024-07
Last month started poorly, but we saw a rebound. We ended the month flat with a 0.05% change, which means our YTD performance remains relatively unchanged at 38.90%. This month, GLNG was our best-performing stock,…
Model Portfolio 2024-06
In May, our portfolio achieved great results with a monthly gain of 16.67%, bringing our year-to-date increase to 38.84% and our overall growth since inception in 2023 to 105.76%. Container stocks were particularly…
Model Portfolio 2024-05
In April, our portfolio performed exceptionally well, achieving a growth of 4.88%, which pushed our year-to-date gains to 19.00% and our total increase since we started in January 2023 to 76.32%. This month was…
Model Portfolio 2024-04
In March, our portfolio grew by 4.27%, bringing our gain for the year to 13.46% and our total gain since we started in January 2023 to 68.11%. This month, GLNG was our best-performing stock, showing the value of not…
Model Portfolio 2024-03
No changes were made to the existing positions. February saw our portfolio decrease by -0.65%, bringing our performance to 8.82% year-to-date and 62.23% since we began in January 2023. Despite the overall downturn in…
Model Portfolio 2024-02
No changes were made to the positions in the portfolio. January was a great start to the year, achieving a performance of 9.53% with our new position, TRMD, being the best performer. With these results, the total return…
Model Portfolio 2024-01
Happy New Year, everyone! It's been a whole year since we started sharing our model portfolio with you all. And what a year it's been! We finished it with a strong performance of 48.16%, which feels great, even if the…
Model Portfolio 2023-12
No changes were made to the positions in the portfolio. Positions for December 2023 CMRE GLNG GNK GSL INSW NVGS OET STNG Portfolio Performance
Model Portfolio 2023-11
No changes were made to the positions in the portfolio. Positions for November 2023 CMRE GLNG GNK GSL INSW NVGS OET STNG Portfolio Performance
Model Portfolio 2023-10
No changes were made to the positions in the portfolio. Positions for October 2023 CMRE GLNG GNK GSL INSW NVGS OET STNG Portfolio Performance
Model Portfolio 2023-09
In August, the portfolio was relatively flat, with a decrease of -0.91%. The standout performer was AGAS, which marginally uplifted the overall performance. The month began on a promising note, but by its end, all gains…
Model Portfolio 2023-08
This month marks the first portfolio update since March. After a fantastic start to the year from March until May, the sector, and consequently the portfolio, performed poorly. However, June and July were good months,…
Model Portfolio 2023-07
No changes were made to the positions in the portfolio. Positions for July 2023 CMRE DAC FRO GSL NVGS OET SB SHIP STNG Portfolio Performance
Model Portfolio 2023-06
No changes were made to the positions in the portfolio. Positions for June 2023 CMRE DAC FRO GSL NVGS OET SB SHIP STNG Portfolio Performance
Model Portfolio 2023-05
No changes were made to the positions in the portfolio. Positions for Mai 2023 CMRE DAC FRO GSL NVGS OET SB SHIP STNG Portfolio Performance
Model Portfolio 2023-04
No changes were made to the positions in the portfolio. Positions for April 2023 CMRE DAC FRO GSL NVGS OET SB SHIP STNG Portfolio Performance
Model Portfolio 2023-03
February proved to be a remarkable month for the model portfolio, as it delivered an impressive return of 16.96% plus $558.41 in dividends. This brings the total return for the first two months to 32.98%, with an…
Model Portfolio 2023-02
Amazing first month with a total return of 13.23% in January. This means that the invested $100,000 grew to $113,100.93 and generated $123.93 in income because of CMRE dividends. January 2023 Performance Summary January…
Model Portfolio 2023-01
The model portfolio for January 2023 starts with a fictional amount of $100,000 and consists of the following stocks. Model portfolio for January 2023 Costamare Inc (CMRE) Great company to get container and dry bulk…
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