Student Managed Investment Fund

Bucknell University College of Management

  • Student Managed Investment Fund
  • Home
  • Meet the Analysts
  • Photo Gallery
  • Calendar

February 7, 2012 by Michael

February 7, 2012 Minutes

Access the minutes here

Minutes+2-7.doc

Filed Under: Admin Tagged With: accounting-report, asset allocation, commodities, fixed income, materials, reit, Sectors, telecoms, utilities

February 2, 2012 by Michael

Feb 1, 2012 Minutes

Access the minutes here

Minutes+2-2.doc

Filed Under: Admin Tagged With: asset allocation, consumer-discretionary, consumer-staples, energy, financials, healthcare, industrials, infotech, Sectors

January 31, 2012 by Michael

January 31, 2012 Minutes

Access the minutes here

Minutes+1-31.doc

Filed Under: Admin Tagged With: accounting-report, econ-report

January 26, 2012 by Michael

Jan 26, 2012 Minutes

Access the minutes here

Minutes+1-26

Filed Under: Admin Tagged With: afl, bhs, cvx, ibm, Minutes, nke, pg, slj, sna, vti, vz

January 24, 2012 by Michael

January 24, 2012

Today in Class: We discussed the online presence of SMIF (on Twitter, Facebook, and this website), heard the accounting report, discussed filling out sectors with ETFs, and presented additional Buy/Hold/Sells.

Accounting Report, click here for full report.  Notably we were called out on AFL and EBAY and are currently holding over 55% of the portfolio in cash.

Buy/Hold/Sells

  • EMB by Tom: Hold
  • VTR by Alec: Hold
  • AAPL by Arvi: Hold
  • AXP by Vince: Hold
  • FSTR by Ryan: Hold
  • TIP by Brendan: Hold
  • BMY by Oliver: Hold
  • DEO by Stefanie: Hold
  • INTC by Jordan: Hold
  • KO by Erin: Hold
  • LVS by Erin: Hold
  • BLK by Lindsay: Hold.  The class also decided to sell (20-0-1) April $195 calls.
  • UPS by Jeff: Sell.  The class voted to sell (21-0) all shares at $74.98.  This decision was reached due to worries about Europe and Asia, influenced in part by the IMF’s recent forecast of growth cuts globally.
  • GLD by Will: Hold
  • SCCO by Will: Hold

Read full minutes here: 1-24-12AM and 1-24-12PM

Filed Under: Admin Tagged With: aapl, accounting-report, axp, bhs, blk, blog, bmy, deo, emb, etfs, facebook, fstr, gld, intc, ko, lvs, scco, tip, twitter, ups, vtr

January 19, 2012 by Michael

January 19, 2012

Today in Class:

We welcomed ourselves back for the second semester of SMIF and the final semester for all of the seniors, noted that Chris Brown and John Luthi would come to visit class on February 14, and began Buy/Hold/Sells

Buy/Hold/Sells

  • GE by Jordan: Hold
  • CELG by Aleem: Hold
  • TJX by Jason: Hold
  • JNJ by Brendan: Sell.  Sold at Market unanimously for $65.00
  • GIS by Mark: Hold.  After further discussion the class voted (17-4)  instead to sell at market.

See the full minutes here: 1-19-12 Minutes

Filed Under: Admin Tagged With: bhs, celg, chris brown, ge, gis, jnj, john luthi, second semester, tjx

October 5, 2011 by Michael

October 4, 2011

Today in Class:

The layout of the Fall 2011 Newsletter was discussed and the publish date was set for November 1, 2011.

Sector Reports

  • Healthcare (Holdings: CELG, TEVA, BMY) – BMY and CELG are both out-performing the S&P 500, yet TEVA is struggling.  Healthcare consumption has been rising every quarter in the past few years, however we see possible political risk present in several lawsuits that are challenging President Obama’s Healthcare bill.  Overall, we judge this sector to be risk averse, not volatile, and presents opportunities for high dividend yields.  The class has decided to overweight this sector.  See full sector report here.
  • Industrial (Holdings: GE, FSTR, UPS) – Industrials has been under-performing the S&P 500 but due to a 1.4% increase in construction spending in August and a full point increase in the PMI, we feel that it is best to stay neutral with the S&P 500 sector weighting.  See full sector report here.
  • Information Technology (Holdings: EBAY, IBM) – IT is a sector SMIF is very interested in, but we are wary of negative returns in the short run.  As spending is tied to global demand, we feel increasing our weighting and holdings would be ill-advised.  As such, we feel it is best to stay neutral.  See full sector report here.
  • Telecoms (Holdings: VZ) – Telecoms have high dividend yields and we will investigate diversifying our holdings, but will remain neutral with S&P sector weighting.  See full sector report here.
  • Utilities (Holdings: ED) – While the sector’s performance has been exemplary, we feel that prices are inflated and increasing in our position in utilities would result in future losses.  We will remain neutral with the S&P 500 sector weighting.  See full sector report here.

 

Read the entire class minutes: 10-04-11 Minutes

Filed Under: Admin Tagged With: bmy, celg, ebay, ed, fstr, ge, healthcare, ibm, industrial, infotech, Newsletter, Sectors, telecoms, teva, update, ups, utilities, vz

September 30, 2011 by Michael

September 29, 2011

Today in Class:

Stock Pitch

  • UPS (Jeff Sowell): Recommended to buy 300 shares.  UPS has very strong market share versus its competitors, it is well diversified, and has a hold in international markets.  The debt is staggered over the years so it is not overwhelming to UPS’s operations.  The SMIF portfolio is currently underweight in industrials and UPS has outperformed the S&P 500 for the previous five years. UPS also offers a dividend which can hedge against volatility.  The class decided to buy 300 shares of UPS with a limit order set at $62.51.

Access the full minutes here: 09-29

Filed Under: Admin Tagged With: pitch, update, ups

  • « Previous Page
  • 1
  • 2
  • 3
  • Next Page »

About SMIF

The Student Managed Investment Fund (SMIF) is a two-semester experiential course in which a select group of Bucknell University seniors manages approximately $3 million of Bucknell’s endowment. The course exposes students to the intellectual and practical challenges of running a small investment company. This year SMIF continues with the mentorship of Professors Curtis Nicholls and Frank Schreiner at the helm.

Handcrafted with on the Genesis Framework