Gencor Industries, Inc. (GENC)

The 2021 Double Net Value Portfolio started strong but ran out of gas in the second half of the year as small-cap stocks in general faded.

I build a Double Net Value portfolio every year that's comprised of companies that have three attributes.

Fifteen of the 18 names in my 2021 Double Net Value Portfolio are in positive territory.

This tracking portfolio is comprised of companies that have three specific attributes.

Perhaps for the first time since I've been doing this annual experiment, all names are in positive territory.

The 2021 Double Net Value Portfolio has had a great first two months as small-cap stocks in general have been hot.

The aggregate return of the 2021 Double Net Value Portfolio one month since inception is outpacing a handful of Russell indices.

Eighteen stocks make the cut for the 2021 portfolio, which is comprised of seemingly cheap names relative to net current assets.

This year's version of the Double Net Value Portfolio handily outperformed a number of Russell indices.

The 2020 Double Net Value Portfolio has risen over the last month and re-entered positive territory.

The next three months will tell the tale.

Only four of the 13 stocks in the 2020 Double Net Value Portfolio are up since its inception last December.

The best performer, not surprisingly, remains protective clothing name Lakeland Industries.

The 2020 Double Net Value Portfolio is outperforming a couple Russell value indices, but those aren't doing well.

Only three of the 12 names in the 2020 Double Net Value Portfolio are in positive territory since inception, with several down by double-digit percentages.

The 2020 Double Net Value Portfolio includes a half-dozen offenders from the previous iteration of the portfolio.

The 22 stocks in the Double Net Value Portfolio collectively outperformed the value components of the Russell 2000 and Russell Micro indices.

Most of the 22 largely small-cap stocks that make up the portfolio are now in positive territory, with Hibbett Sports leading the way.

The portfolio of 22 smaller names has slid into negative territory, showing the pressure the market has put of late on smaller-cap stocks.

As we enter the dog days of summer, with lower volume and perhaps more volatility, portfolio performance may get interesting.

This is the first inception-to-date period that the portfolio has not outperformed its benchmarks.

These 22 stocks in the aggregate are still outpacing the Russell 2000 and Russell Microcap indices, but by a narrower margin than before.

These 22 stocks in the aggregate continue to outpace the Russell 2000 and Russell Microcap indices as all but three are in positive territory.

Titan Machinery is the top performer so far in 2019, up 38% since portfolio launch.

The 22 names in the portfolio as a group are outpacing the value components of the Russell 2000 and Russell Microcap indices.

Despite disappointing performance this year, the strategy has shown solid return in the past.

It was not a great year for this value portfolio, with only 5 stocks in positive territory for the year.

This mix of 20 deep-value names was outperforming a couple Russell indices three months back but is trailing them now.