Friday, December 17, 2010

Portfolio changes

Made quite a few adjustments to the portfolio today. General approach was to raise cash to deploy in the coming weeks should better options present themselves.

Some recent actions:
- reduced MSFT Microsoft position by about half. Was my top holding and the oversized position was too big for my comfort.
- sold one of my drillers NE Noble Energy. The drillers just aren't acting right and wanted to lighten up. I still hold DO Diamond Offshore
- sold LLY Eli Lilly. The more I thought about it I just didn't know enough about it and the only reason I owned it was metrics and dividend. I need to stick to mutual funds for pharmaceutical exposure.
- sold AFAM Almost Family home healthcare. Yep... that was me selling about a half an hour before the stock rose by $1.63 to close up 4.3% for the day... Dangit! Some huge upside volume started hitting the stock soon after I sold. Not sure what was going on.
- added to WDC Western Digital. It had dropped pretty severely in the past few days on no news so I took the other side as most other related tech has been pretty solid.

Top Holdings in order now (excluding mutual funds) are:
INTC Intel
MSFT Microsoft
WDC Western Digital
CHL China Mobile - telecom/wireless
UFPT UFP Tech - packaging
TEO Telecom Argentina - telecom
DO Diamond Offshore - offshore driller
LHCG LHC Group - home health
MDF Metropolitan Health Networks - healthcare facilities

After the activity today my cash level is up to almost 50% so I'll look to redeploy some of this next week. That cash level is a bit excessive and surely I can find 1 or 2 places to put it.

Some I'm looking at: CSCO Cisco, KMB Kimberly Clark (again), MCD McDonalds?... ABT Abbot Labs... maybe a few others. I'll know better after I work on things over the weekend.

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