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  1. Home
  2. / Investing

My Tax Loss Selling Recovery Portfolio Is Impressive So Far

But we're still in the early innings.
By JONATHAN HELLER
Mar 09, 2021 | 10:30 AM EST
Stocks quotes in this article: DBI, PPC, XRX, WBA, FLMN, GCO, WFC, TSQ, SBH, GIII, AER, GE, PSXP

One third of the way there, this year's Tax Loss Selling Recovery Portfolio continues to put up rather impressive numbers. Up nearly 47%, since the early December rollout in three tranches, I'd be extremely satisfied with those results over an entire year. That said, I take these early results with a grain of salt.

Tranche 1, released on 12/1 had another solid month, and is now up 39%. It is outperforming both the S&P 500 (up 4.33%) and Russell 2000 (up 21.4%). Designer Brands (DBI) (up 80% since inception) is now trading above pre-Covid levels, and remains the second-best overall performer in the portfolio. Pilgrim's Pride (PPC) (up 28%) and Xerox (XRX) (up 22%) both had solid months taking them out of single-digit positive performance territory. Walgreens Boots Alliance (WBA) (up 27%) is holding its own, but was relatively flat for the month.

Tranche 2, released on 12/4 (up 67%) is leading the way, and outperforming the S&P 500 (up 4.2%) and Russell 2000 (up 20.2%). Falcon Minerals (FLMN) (up 121%) padded its lead as the best overall performer in all tranches, rising 38% over the past month. The company raised its quarterly dividend 15% to 7.5 cents on February 11th, and now yields 6.1%. Genesco (GCO) (+64%) continued to benefit from the rising tide in retail, jumping 17% for the month. Wells Fargo (WFC) (+33%) joined the party, rising 19% for the month. Townsquare Media (TSQ) (up 49%) was flat.

Tranche 3, released on 12/7 (up 35%) is beating the S&P 500 (up 3.3%) and Russell 2000 (up 19.5%) following a 25% jump since early February. Sally Beauty Holdings (SBH) (up 64%) rose 38% for the month. G-III Apparel (GIII) (up 30%) continued to benefit from a surging retail sector. AerCap Holdings (AER) (up 33%) jumped into positive territory in-part due to news that General Electric (GE) may merge its aircraft leasing business with AER. Shares rose 13% Monday on that news. Phillips 66 Partners (PSXP) (up 12%), while the worst overall performer, rose 24% for the month into positive territory on speculation that it might be taken private.

Can't say that I am disappointed with performance of these names, which all suffered in 2020, but it's still the early innings.

(Wells Fargo is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells WFC? Learn more now.)

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At the time of publication, Jonathan Heller was Long WBA, DBI, XRX, PPC, FLMN, WFC, TSQ, GCO, SBH, AER, PSXP, GIII.

TAGS: Investing | Markets | Stocks | Trading

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