Technology Short Portfolio
UPDATED ON
Sep 25
About this portfolio
Description
Technology Short holds up to 8 technology names above $500M short. Selection takes the model's weakest positive score. Returns are those of a short position in the basket, so the figure rises when the basket falls.
Strategy
Equal capital goes into every position. The book is rebuilt each morning from the names the model expects to fall, and the orders are placed as market orders, so shorts and covers fill at the opening price. Positions are held for at least 6 days and have no maximum: a position is covered when the model no longer selects it or when a stop is hit. Every position carries a 40% stop on both sides. A short is covered if the price runs 40% above its entry, and equally if it falls 40% below it, filling at the first open after the level is touched. Reported returns are those of a short position in the basket: the position gains when the basket falls and loses when it rises. They are measured from those opening prices and include every stop exit. A short position's loss is not capped, and borrowing costs and stock-loan fees are not included.