The document analyzes a stock portfolio from June 2011 to May 2015. It provides details on the sources and uses of funds, cash flow analysis, stock prices and holdings, and performance compared to the S&P 500. The portfolio started with $100,000 in initial capital split evenly between a margin loan and equity. Over time, the portfolio value and cash balance fluctuated, with dividends from stocks contributing to cash flow. The portfolio ultimately achieved a higher return than the S&P 500 based on the data analyzed.

1. STOCK PORTFOLIO ANALYSIS
Transaction Sources & Uses
Sources (Initial Capital - June 1, 2011) Interest Rate Uses Amount % Interest Rate
Margin Loan 50,000 50.0% 7.0% Stocks 87,336$ 87.3%
Equity 50,000 50.0% Cash 12,665$ 12.7% 1.50%
Total 100,000 100.0% Total 100,000$ 100.0%
SUMMARY
Portfolio Return Analysis 3-Nov-14 1-Dec-14 1-Jan-15 2-Feb-15 2-Mar-15 1-Apr-15 1-May-15
Summary Equity Cash Flow -50,000$ -1,636$ -1,071$ -92$ 2,515$ -214$ 74,282$
Summary Portfolio Value (incl. Cash) 100,000$ 103,644$ 108,443$ 109,201$ 118,923$ 118,183$
Portflio Appreciation/(Depreciation) - P 3.516% 4.425% 0.694% 8.175% -0.626%
Cummulative Appreciaiton 3.516% 7.941% 8.635% 16.810% 16.184%
S&P 500 (Market - M) 1.766% 0.232% -1.815% 4.777% -2.725%
Portfolio Returns/Analysis S&P Return/Analysis
HPR (Unlevered) - Risky Portfolio
HPR (Levered)
Average Monthly Returns (N-1) 3.24% Average Monthly Returns (n-1) 0.447%
Standard Deviation 3.44% Standard Deviation 2.988%
P M P x M M^2
(Y - Avg Y) (X - Avr X)
0.00279 0.01319 0.000037 0.00017
0.01188 -0.00215 -0.000026 0.00000
-0.02543 -0.02262 0.000575 0.00051
0.04938 0.04330 0.002138 0.00188
-0.03863 -0.03172 0.001225 0.00101
0.003950 0.00357
1.10605
Regression Statistics
Multiple R 0.9614
R Square 0.92437127
Adjusted R Square -1.6667
Standard Error 0.0109
Observations 1
ANOVA
df SS MS F
Regression 5 0.0044 0.0009 36.6675
Residual 3 0.0004 0.0001
Total 8 0.0047
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept -4.128E-307 7.9109E-307
X Variable 4 0.0274 0.0049 5.5409 0.0116 0.0117 0.0432 0.0117 0.0432
X Variable 5 1.10605 0.1827 6.0554 0.0090 0.5248 1.6873 0.5248 1.6873
CASH FLOW ANALYSIS 0 1 2 3 4 5 6
IRR per month 3-Nov-14 1-Dec-14 1-Jan-15 2-Feb-15 2-Mar-15 1-Apr-15 1-May-15
Beginning Cash 50,000 12,665 11,029 9,958 9,866 12,381 12,167
Plus Dividends -$ 142.00$ 169.00$ 187.00$ 99.50$ 62.00$ -$
Buy / Sell Stock -87,335.50$ -1,502.00$ -962.00$ -$ 2,695.00$ -$ 112,391.50$
Less Debt (Principle) 50,000.00$ -50,000.00$
Less Debt (Interest Payments) -291.67$ -291.67$ -291.67$ -291.67$ -291.67$ -291.67$
Interest Income 15.83$ 13.79$ 12.45$ 12.33$ 15.48$ 15.21$
Plus Cash -12,664.50$ 12,166.54$
Total Cash Flow -37,335.50$ -1,635.84$ -1,070.88$ -92.22$ 2,515.17$ -214.19$ 74,281.58$
Cash Deposit 12,664.50$ -$ -$ -$ -$ -$ -12,166.54$
Ending Cash 12,664.50$ 11,028.66 9,957.78 9,865.56 12,380.73 12,166.54 74,281.58$
Cash % of Total Value 12.66% 11.91% 10.11% 9.93% 11.62% 11.48% 100.00%
Beta (Slope) =
-0.040
-0.020
0.000
0.020
0.040
0.060
0.080
0.100
1 2 3 4 5
MonthlyChange%
Months
Portfolio Vs S&P 500
Portfolio
S&P 500

2. Stock Prices 0 1 2 3 4 5 6
Companies Industry 3-Nov-14 1-Dec-14 2-Jan-15 2-Feb-15 2-Mar-15 1-Apr-15 1-May-15
1 T Telecom Services 34.84 35.06 33.87 33.56 34.64 32.89 34.42
2 BAC Banks 17.21 16.79 17.9 15.46 16.01 15.41 16.11
3 INTC Technology 34.31 37.17 36.36 33.65 34.06 30.81 33.42
4 F Auto Manufacturers 13.99 15.77 15.36 15.27 16.57 15.91 15.81
5 PENN Services 13.17 13.51 13.48 15.28 16.84 15.56 16.15
6 RF Financial 10.03 9.77 10.51 8.93 9.70 9.46 9.83
7 GE Industrial Goods 25.70 26.02 25.06 24.21 26.11 24.84 27.31
8 JBLU Regional Airlines 11.74 14.56 15.79 16.64 17.57 18.84 21.56
9 WWAV Food 37.17 36.22 34.76 33.96 41.42 44.48 43.95
10 GTIM Restaurants 5.50 5.91 7.63 7.33 8.26 6.91 8.23
11 RAD Services 5.37 5.39 7.63 7.05 8.16 8.57 7.97
12 URBN Apparel Stores 30.41 31.24 35.10 35.14 39.02 44.75 40.40
13 AAPL Electonic Equipment 109.40 115.07 109.33 118.63 129.09 124.25 128.95
14 SBUX Specialty eateries 38.09 40.42 40.72 44.00 47.12 46.51 50.29
15 DNKN Restaurants 45.54 48.45 42.73 46.26 46.79 47.15 52.43
S&P Index 2017.81 2053.44 2058.20 2020.85 2117.39 2059.69 2108.29
Number of Shares Own 0 1 2 3 4 5 6
Companies Industry 3-Nov-14 1-Dec-14 1-Jan-15 2-Feb-15 2-Mar-15 1-Apr-15 1-May-15
1 T Telecom Services 300 100 100 100 100 100 0
2 BAC Banks 500 500 200 200 200 200 0
3 INTC Technology 250 250 100 100 100 100 0
4 F Auto Manufacturers 500 500 500 500 100 100 0
5 PENN Services 800 800 800 800 200 200 0
6 RF Financial 700 700 200 200 200 200 0
7 GE Industrial Goods 400 400 400 400 400 400 0
8 JBLU Regional Airlines 700 700 700 700 700 700 0
9 WWAV Food 300 300 300 300 300 300 0
10 GTIM Restaurants 1000 1000 1000 1000 1000 1000 0
11 RAD Services 0 1000 1000 1000 1000 1000 0
12 URBN Apparel Stores 0 100 100 100 100 100 0
13 AAPL Electonic Equipment 0 0 100 100 100 100 0
14 SBUX Specialty eateries 0 0 150 150 150 150 0
15 DNKN Restaurants 0 0 0 0 300 300 0
Bought ./ Sold - Shares 0 1 2 3 4 5 6
Companies Industry 3-Nov-14 1-Dec-14 1-Jan-15 2-Feb-15 2-Mar-15 1-Apr-15 1-May-15
1 T Telecom Services -200 -100
2 BAC Banks -300 -200
3 INTC Technology -150 -100
4 F Auto Manufacturers -400 -100
5 PENN Services -600 -200
6 RF Financial -500 -200
7 GE Industrial Goods -400
8 JBLU Regional Airlines -700
9 WWAV Food -300
10 GTIM Restaurants -1000
11 RAD Services 1000 -1000
12 URBN Apparel Stores 100 -100
13 AAPL Electonic Equipment 100 -100
14 SBUX Specialty eateries 150 -150
15 DNKN Restaurants 300 -300

3. Bought ./ Sold - Shares 0 1 2 3 4 5 6
Companies Industry 3-Nov-14 1-Dec-14 1-Jan-15 2-Feb-15 2-Mar-15 1-Apr-15 1-May-15
1 T Telecom Services -$ 7,012$ -$ -$ -$ -$ 3,442$
2 BAC Banks -$ -$ 5,370$ -$ -$ -$ 3,222$
3 INTC Technology -$ -$ 5,454$ -$ -$ -$ 3,342$
4 F Auto Manufacturers -$ -$ -$ -$ 6,628$ -$ 1,581$
5 PENN Services -$ -$ -$ -$ 10,104$ -$ 3,230$
6 RF Financial -$ -$ 5,255$ -$ -$ -$ 1,966$
7 GE Industrial Goods -$ -$ -$ -$ -$ -$ 10,924$
8 JBLU Regional Airlines -$ -$ -$ -$ -$ -$ 15,092$
9 WWAV Food -$ -$ -$ -$ -$ -$ 13,185$
10 GTIM Restaurants -$ -$ -$ -$ -$ -$ 8,230$
11 RAD Services -$ $ (5,390) -$ -$ -$ -$ 7,970$
12 URBN Apparel Stores -$ $ (3,124) -$ -$ -$ -$ 4,040$
13 AAPL Electonic Equipment -$ -$ $ (10,933) -$ -$ -$ 12,895$
14 SBUX Specialty eateries -$ -$ $ (6,108) -$ -$ -$ 7,544$
15 DNKN Restaurants -$ -$ -$ -$ $ (14,037) -$ 15,729$
Total -1,502$ -962$ 2,695$ 112,392$
Total Value 0 1 2 3 4 5 6
Companies Industry 3-Nov-14 1-Dec-14 1-Jan-15 2-Feb-15 2-Mar-15 1-Apr-15 1-May-15
1 T Telecom Services 10,452$ 3,506$ 3,387$ 3,356$ 3,464$ 3,289$ -$
2 BAC Banks 8,605$ 8,395$ 3,580$ 3,092$ 3,202$ 3,082$ -$
3 INTC Technology 8,578$ 9,293$ 3,636$ 3,365$ 3,406$ 3,081$ -$
4 F Auto Manufacturers 6,995$ 7,885$ 7,680$ 7,635$ 1,657$ 1,591$ -$
5 PENN Services 10,536$ 10,808$ 10,784$ 12,224$ 3,368$ 3,112$ -$
6 RF Financial 7,021$ 6,839$ 2,102$ 1,786$ 1,940$ 1,892$ -$
7 GE Industrial Goods 10,280$ 10,408$ 10,024$ 9,684$ 10,444$ 9,936$ -$
8 JBLU Regional Airlines 8,218$ 10,192$ 11,053$ 11,648$ 12,299$ 13,188$ -$
9 WWAV Food 11,151$ 10,866$ 10,428$ 10,188$ 12,426$ 13,344$ -$
10 GTIM Restaurants 5,500$ 5,910$ 7,630$ 7,330$ 8,260$ 6,910$ -$
11 RAD Services -$ 5,390$ 7,630$ 7,050$ 8,160$ 8,570$ -$
12 URBN Apparel Stores -$ 3,124$ 3,510$ 3,514$ 3,902$ 4,475$ -$
13 AAPL Electonic Equipment -$ -$ 10,933$ 11,863$ 12,909$ 12,425$ -$
14 SBUX Specialty eateries -$ -$ 6,108$ 6,600$ 7,068$ 6,977$ -$
15 DNKN Restaurants -$ -$ -$ -$ 14,037$ 14,145$ -$
Total Value 87,336$ 92,616$ 98,485$ 99,335$ 106,542$ 106,017$ -$
Cash 12,665$ 11,029$ 9,958$ 9,866$ 12,381$ 12,167$ 74,282$
Total Value 100,000$ 103,644$ 108,443$ 109,201$ 118,923$ 118,183$ 74,282$
Dividends Paid per Share 0 1 2 3 4 5 6
Companies Industry 3-Nov-14 1-Dec-14 1-Jan-15 2-Feb-15 2-Mar-15 1-Apr-15 1-May-15
1 T Telecom Services 0.47$ 0.47$
2 BAC Banks 0.03$ 0.05$
3 INTC Technology 0.24$
4 F Auto Manufacturers 0.15$ 0.15$
5 PENN Services
6 RF Financial 0.05$ 0.05$
7 GE Industrial Goods 0.23$ 0.23$
8 JBLU Regional Airlines
9 WWAV Food
10 GTIM Restaurants
11 RAD Services
12 URBN Apparel Stores
13 AAPL Electonic Equipment 0.47$
14 SBUX Specialty eateries 0.16$
15 DNKN Restaurants 0.27$

4. Total Cash Dividends 0 1 2 3 4 5 6
Companies Industry 3-Nov-14 1-Dec-14 1-Jan-15 2-Feb-15 2-Mar-15 1-Apr-15 1-May-15
1 T Telecom Services -$ 94.00$ -$ -$ 47.00$ -$
2 BAC Banks 15.00$ -$ -$ 10.00$ -$ -$
3 INTC Technology -$ -$ 24.00$ -$ -$ -$
4 F Auto Manufacturers -$ 75.00$ -$ -$ 15.00$ -$
5 PENN Services -$ -$ -$ -$ -$ -$
6 RF Financial 35.00$ -$ -$ 10.00$ -$ -$
7 GE Industrial Goods 92.00$ -$ 92.00$ -$ -$ -$
8 JBLU Regional Airlines -$ -$ -$ -$ -$ -$
9 WWAV Food -$ -$ -$ -$ -$ -$
10 GTIM Restaurants -$ -$ -$ -$ -$ -$
11 RAD Services -$ -$ -$ -$ -$ -$
12 URBN Apparel Stores -$ -$ -$ -$ -$ -$
13 AAPL Electonic Equipment -$ -$ 47.00$ -$ -$ -$
14 SBUX Specialty eateries -$ -$ 24.00$ -$ -$ -$
15 DNKN Restaurants -$ -$ -$ 79.50$ -$ -$
Total 142.00$ 169.00$ 187.00$ 99.50$ 62.00$ -$
Diversification Factors
3-Nov-14 1-Dec-14 1-Jan-15 2-Feb-15 2-Mar-15 1-Apr-15
Industry Concentration
Telecom Services 12.0% 3.8% 3.4% 3.4% 3.3% 3.1%
Banks 9.9% 9.1% 3.6% 3.1% 3.0% 2.9%
Technology 9.8% 10.0% 3.7% 3.4% 3.2% 2.9%
Auto Manufacturers 8.0% 8.5% 7.8% 7.7% 1.6% 1.5%
Services 12.1% 17.5% 18.7% 19.4% 10.8% 11.0%
Financial 8.0% 7.4% 2.1% 1.8% 1.8% 1.8%
Industrial Goods 11.8% 11.2% 10.2% 9.7% 9.8% 9.4%
Regional Airlines 9.4% 11.0% 11.2% 11.7% 11.5% 12.4%
Food 12.8% 11.7% 10.6% 10.3% 11.7% 12.6%
Restaurants 6.3% 6.4% 7.7% 7.4% 20.9% 19.9%
Apparel Stores 0.0% 3.4% 3.6% 3.5% 3.7% 4.2%
Electonic Equipment 0.0% 0.0% 11.1% 11.9% 12.1% 11.7%
Specialty eateries 0.0% 0.0% 6.2% 6.6% 6.6% 6.6%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Total 87,336$ 92,616$ 98,485$ 99,335$ 106,542$ 106,017$
Company Concetration
T 12.0% 3.8% 3.4% 3.4% 3.3% 3.1%
BAC 9.9% 9.1% 3.6% 3.1% 3.0% 2.9%
INTC 9.8% 10.0% 3.7% 3.4% 3.2% 2.9%
F 8.0% 8.5% 7.8% 7.7% 1.6% 1.5%
PENN 12.1% 11.7% 10.9% 12.3% 3.2% 2.9%
RF 8.0% 7.4% 2.1% 1.8% 1.8% 1.8%
GE 11.8% 11.2% 10.2% 9.7% 9.8% 9.4%
JBLU 9.4% 11.0% 11.2% 11.7% 11.5% 12.4%
WWAV 12.8% 11.7% 10.6% 10.3% 11.7% 12.6%
GTIM 6.3% 6.4% 7.7% 7.4% 7.8% 6.5%
RAD 0.0% 5.8% 7.7% 7.1% 7.7% 8.1%
URBN 0.0% 3.4% 3.6% 3.5% 3.7% 4.2%
AAPL 0.0% 0.0% 11.1% 11.9% 12.1% 11.7%
SBUX 0.0% 0.0% 6.2% 6.6% 6.6% 6.6%
DNKN 0.0% 0.0% 0.0% 0.0% 13.2% 13.3%
100.0% 100.0% 100.0% 100.0% 100.0% 100.0%