May’s top Blends: Einhorn rises, Corona falls

CFD Trading
Equities

The top performing Blends in May and the latest YTD performance.

May’s Star Performer: Einhorn Blend

David Einhorn led the way in May as global stocks continued their bounce back. The hedge fund boss – founder of Greenlight Capital – enjoyed a strong month as holdings like General Motors and Green Brick Partners rose along with other holdings such as AerCap and Chemours. The Einhorn Blend rose 15% in May but remains down 23% for the year.

 

The second-best performing Blend in May was the Cannabis Blend, which rose almost 14%. Earlier in the month it had been down but recovered strongly in the last two weeks. The blend is flat for the year, at -0.11%. Tilray (40% of the blend by weighting) and Canopy Growth (33%) both rallied in May but remain significantly off the 2018 peak.

Third place goes to the Gerstner Blend, which climbed 12% last month. As the Analyst Recommendation tool shows, the portfolio is made up of a stocks rated as ‘strong buys’ by Wall Street analysts.

As risk appetite improved across the month of May, some of the better performers lagged. Notably, the Corona Blend, which had been doing well, was the only basket to record a fall over the month of May.

The Social Media Blend rose over 5% in May despite the sector attracting the ire of Donald Trump. Twitter, which makes up 10% of the index, came in for the most brutal attack by the president but shares in Facebook (45% weighted) also slipped in the final week of May.

YTD, the leaders remain the ESG, Corona, Crypto and Warren Buffett Blends. Buffett continues to do well despite admitting to ditching airline stocks after a bad call on the sector.

The worst performer this year is the UK High Street Blend, which is hardly surprising given the structural shift in retail coming up against the lockdown measures enacted by the British government which has slashed footfall.

Blends 2020 Leader Board

Blend YTD
ESG 194.01%
Corona Blend 118.86%
Crypto 29.15%
Warren Buffett 28.63%
Ecommerce 26.79%
US Tech 10.04%
Bill Ackman 2.33%
Trade War Winners 2.21%
Cannabis -0.11%
Soros -2.12%
Social media -5.22%
Brexit Winners -6%
Fashion -6.06%
Dogs of the Dow -11.90%
Gerstner -14%
Trade War Losers -14.36%
David Einhorn -23.08%
Icahn -24.11%
Brexit Losers -30.06%
Oil and Petroleum -32.32%
High Street -35.88%