• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing

I'm Rolling Out My New Active and Passive Portfolios

Once again I'm looking forward to kicking the tires on the concept that triple nets can outperform the benchmarks.
By JONATHAN HELLER
Oct 15, 2021 | 11:15 AM EDT
Stocks quotes in this article: AIR, CNXN, PCTI, AE, WELL, AOUT, ASTE, ASXC, BHE, BLDE, CFMS, CODX, CRDE, CWGL, NOW, EMKR, FF, FLXS, FTCO, GEOS, HOOK, HYLN, IMMR, LOTZ, LSF, MOVE, MTRX, NLS, NWPX, ONTF, QSI, RMO, SENEA, SMCI, TALK, UGRO, UVV, VIEW, XGN, XL, ZEUS, ZY

Today, I will begin to roll out my 2021 Triple-Net Active Versus Passive Portfolios, with the set of companies that will comprise the 2020 Passive portfolio. On Monday, I will review the final results of last year's portfolios, and on Wednesday and Friday, reveal the subset of names that will comprise the 2021 Active Portfolio. This year, I will again take a position in each of the Active names, as I did last year.

The criteria are the same as last year:

  • Market capitalization in excess of $100 million
  • No financials or development-stage companies
  • Trading at between 2 and 3 times NCAV (NCAV is calculated by subtracting a company's total liabilities from current assets)

This year, 51 names make the cut, nearly double last year's 27. This year, the Passive Portfolio ends up with 12 names that were in the 2020 version, including AAR Corp (AIR) , Argan (AGX) , Daktronics (DAKT) , GSI Technology (GSIT) , Miller Industries (MLR) , National Presto (NPK) , Park Aerospace (PKE) , PC Connection (CNXN) , Pc Tel Inc (PCTI) , REX American Resources (REX) , Sanmina (SANM) , and Ultralife (ULBI) .

Rounding out the 2021 Passive Triple Net Portfolio:

Adams Resources & Energy (AE)

American Well Corp (WELL)

American Outdoor Brands (AOUT)

Astec Industries (ASTE)

Asensus Surgical (ASXC)

Benchmark Electronics (BHE)

Blade Air Mobility (BLDE)

ConforMIS Inc (CFMS)

Co-Diagnostics (CODX)

Cardinal Ethanol (CRDE)

Crimson Wine Group (CWGL)

NOW Inc (NOW)

EMCORE (EMKR)

FutureFuel (FF)

Flexsteel Industries (FLXS)

Fortitude Gold (FTCO)

Geospace Technologies (GEOS)

Hooker Furniture (HOOK)

Hyliion Holdings (HYLN)

Immersion Corp (IMMR)

Carlotz Inc (LOTZ)

Laird Superfood (LSF)

Movano (MOVE)

Matrix Service (MTRX)

Nautilus (NLS)

Northwest Pipe (NWPX)

ON24 (ONTF)

Quantum-Si (QSI)

Romeo Power (RMO)

Seneca Foods (SENEA)

Super Micro Computer (SMCI)

Talkspace (TALK)

urban-gro (UGRO)

Universal Corp (UVV)

View Inc (VIEW)

Exagen (XGN)

XL Fleet (XL)

Olympic Steel (ZEUS)

Zymergen (ZY)

Portfolio Statistics for the Passive Portfolio:

Average Market Cap: $594 million

Average Price/NCAV Ratio: 2.51

Average Price/Book Ratio: 1.52

Profitable Names TTM basis: 32

Dividend Payers:15

Average Dividend Yield: 1.07%

I am once again looking forward to kicking the tires on the concept that triple nets can outperform the benchmarks --in this case, I will continue to utilize the Russell 2000 Index, Russell Microcap Index, and the Value components of both as benchmarks -- and that an Active approach can outperform Passive.

Have a great weekend!

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Jonathan Heller had no position in the securities mentioned.

TAGS: Investing | Markets | Stocks | Trading

More from Investing

Inflation Is Killing the Consumer

Bret Jensen
May 16, 2022 12:00 PM EDT

It doesn't take much imagination to see how the average consumer is falling behind and losing substantial buying power.

Is a Stealth Bull Market Developing in These Long-Suffering Sectors?

James "Rev Shark" DePorre
May 16, 2022 11:10 AM EDT

I have my eye on relative strength in groups that have lagged for a very long time.

Is It Time to Jump Back Into Ford? Here's How to Trade It

Stephen Guilfoyle
May 16, 2022 11:00 AM EDT

I do believe that the risk/reward proposition is starting to think about smiling favorably on Ford.

Take One on Take-Two Ahead of Earnings

Bruce Kamich
May 16, 2022 10:49 AM EDT

is the worst priced in?

If You Like Roller Coaster Rides, You've Gotta Love the Russell 2000

Jonathan Heller
May 16, 2022 10:30 AM EDT

The small-cap index has been a poster child for market volatility this year, though the current period isn't as wild as back in 2008.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 07:14 PM EDT PAUL PRICE

    A New, Very Scary Movie

  • 08:51 AM EDT PAUL PRICE

    Advice From the Future...

  • 12:20 PM EDT PAUL PRICE

    A Blast From the Past Regarding Bitcoin

  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login