Third Port
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
ANF Abercrombie & Fitch Co. | Consumer Cyclical | 7.14% |
AZZ AZZ Inc. | Industrials | 7.14% |
BMA Banco Macro S.A. | Financial Services | 7.14% |
CLS Celestica Inc. | Technology | 7.14% |
EME EMCOR Group, Inc. | Industrials | 7.14% |
ETN Eaton Corporation plc | Industrials | 7.14% |
FIX Comfort Systems USA, Inc. | Industrials | 7.14% |
IBP Installed Building Products, Inc. | Industrials | 7.14% |
IESC IES Holdings, Inc. | Industrials | 7.14% |
MOD Modine Manufacturing Company | Consumer Cyclical | 7.14% |
NRG NRG Energy, Inc. | Utilities | 7.14% |
STRL Sterling Construction Company, Inc. | Industrials | 7.14% |
TT Trane Technologies plc | Industrials | 7.14% |
WMS Advanced Drainage Systems, Inc. | Industrials | 7.14% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Third Port, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly
The earliest data available for this chart is Jul 25, 2014, corresponding to the inception date of WMS
Returns By Period
As of Sep 19, 2024, the Third Port returned 66.65% Year-To-Date and 29.14% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 17.79% | 0.18% | 7.53% | 26.42% | 13.48% | 10.85% |
| Third Port | 66.65% | 4.57% | 13.78% | 112.36% | 46.34% | 29.33% |
| Portfolio components: | ||||||
EME EMCOR Group, Inc. | 90.15% | 11.29% | 18.34% | 90.73% | 37.39% | 26.12% |
TT Trane Technologies plc | 53.59% | 7.14% | 22.90% | 86.77% | 33.37% | 25.71% |
IESC IES Holdings, Inc. | 108.98% | -3.54% | 44.03% | 145.84% | 52.63% | 36.38% |
CLS Celestica Inc. | 59.94% | -13.33% | -0.47% | 108.32% | 45.24% | 16.63% |
FIX Comfort Systems USA, Inc. | 73.81% | 7.81% | 10.49% | 99.43% | 54.10% | 39.02% |
ETN Eaton Corporation plc | 31.90% | 6.21% | 0.36% | 48.57% | 33.36% | 20.45% |
ANF Abercrombie & Fitch Co. | 53.54% | -18.43% | -1.43% | 169.55% | 54.87% | 16.32% |
STRL Sterling Construction Company, Inc. | 53.46% | 21.23% | 22.73% | 81.18% | 59.47% | 33.35% |
IBP Installed Building Products, Inc. | 30.70% | 13.98% | -7.88% | 88.71% | 33.60% | 33.80% |
MOD Modine Manufacturing Company | 95.90% | 8.17% | 13.88% | 162.28% | 62.22% | 25.42% |
NRG NRG Energy, Inc. | 61.48% | 0.04% | 23.59% | 116.60% | 19.91% | 12.85% |
WMS Advanced Drainage Systems, Inc. | 6.40% | -0.76% | -13.36% | 29.72% | 36.24% | 23.70% |
BMA Banco Macro S.A. | 176.66% | 22.85% | 53.15% | 251.18% | 31.17% | 9.37% |
AZZ AZZ Inc. | 38.89% | 0.70% | -1.95% | 71.83% | 15.08% | 7.72% |
Monthly Returns
The table below presents the monthly returns of Third Port, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.94% | 24.89% | 8.53% | -0.28% | 13.44% | -4.20% | 3.51% | 3.00% | 66.65% | ||||
| 2023 | 14.55% | 2.11% | -2.18% | -2.42% | 5.83% | 20.50% | 8.77% | 13.09% | -6.33% | -2.09% | 15.41% | 12.74% | 108.99% |
| 2022 | -6.09% | -1.88% | -2.39% | -8.51% | 5.09% | -11.66% | 15.01% | 0.23% | -7.49% | 16.46% | 7.31% | -3.92% | -2.19% |
| 2021 | 1.43% | 8.42% | 6.93% | 4.90% | 3.58% | 0.49% | 0.06% | 1.43% | -6.99% | 6.44% | -1.08% | 6.19% | 35.50% |
| 2020 | -3.03% | -7.76% | -28.67% | 17.92% | 8.63% | 3.30% | 6.76% | 11.08% | -0.43% | -2.04% | 22.83% | 8.03% | 29.57% |
| 2019 | 14.43% | 3.01% | -0.92% | 3.65% | -7.03% | 12.17% | -2.46% | -10.12% | 6.92% | 3.89% | 0.37% | 6.16% | 31.00% |
| 2018 | -0.08% | -4.06% | 1.63% | -1.25% | 3.94% | -2.86% | 6.07% | -0.61% | -3.36% | -9.08% | 4.90% | -10.98% | -15.98% |
| 2017 | 6.30% | -0.88% | 4.81% | 1.57% | -1.66% | 6.38% | -1.50% | 1.45% | 8.88% | 4.30% | 3.39% | 0.33% | 38.13% |
| 2016 | -6.66% | 5.91% | 10.16% | -1.15% | 2.57% | -0.85% | 7.00% | 0.04% | 3.19% | -6.17% | 10.31% | 1.27% | 26.76% |
| 2015 | -8.00% | 6.20% | 7.62% | -1.91% | -0.44% | -0.64% | 1.10% | -3.13% | -4.71% | 6.41% | 5.23% | 0.26% | 6.89% |
| 2014 | -3.63% | 5.10% | -3.70% | 6.24% | -2.25% | 2.69% | 4.01% |
Expense Ratio
Third Port has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of Third Port is 95, placing it in the top 5% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
EME EMCOR Group, Inc. | 2.92 | 3.42 | 1.50 | 5.95 | 18.01 |
TT Trane Technologies plc | 3.18 | 4.14 | 1.55 | 6.64 | 26.06 |
IESC IES Holdings, Inc. | 2.58 | 3.00 | 1.41 | 4.45 | 11.34 |
CLS Celestica Inc. | 2.05 | 2.44 | 1.32 | 3.01 | 9.94 |
FIX Comfort Systems USA, Inc. | 2.12 | 2.71 | 1.36 | 4.89 | 14.03 |
ETN Eaton Corporation plc | 1.62 | 2.10 | 1.29 | 2.30 | 7.16 |
ANF Abercrombie & Fitch Co. | 3.07 | 3.25 | 1.44 | 5.12 | 13.89 |
STRL Sterling Construction Company, Inc. | 1.49 | 2.02 | 1.28 | 3.18 | 6.73 |
IBP Installed Building Products, Inc. | 1.95 | 2.58 | 1.34 | 2.70 | 7.38 |
MOD Modine Manufacturing Company | 2.80 | 2.92 | 1.41 | 6.91 | 17.70 |
NRG NRG Energy, Inc. | 3.50 | 3.94 | 1.53 | 5.75 | 20.64 |
WMS Advanced Drainage Systems, Inc. | 0.76 | 1.38 | 1.16 | 0.85 | 3.16 |
BMA Banco Macro S.A. | 3.92 | 3.98 | 1.48 | 2.76 | 21.26 |
AZZ AZZ Inc. | 2.12 | 2.74 | 1.37 | 2.58 | 11.09 |
Dividends
Dividend yield
Third Port granted a 1.10% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Third Port | 1.10% | 1.09% | 1.46% | 0.66% | 0.79% | 1.56% | 1.40% | 1.01% | 1.33% | 1.26% | 1.11% | 0.71% |
| Portfolio components: | ||||||||||||
EME EMCOR Group, Inc. | 0.21% | 0.32% | 0.36% | 0.41% | 0.35% | 0.37% | 0.54% | 0.39% | 0.45% | 0.67% | 0.72% | 0.42% |
TT Trane Technologies plc | 0.88% | 1.23% | 1.59% | 1.17% | 1.46% | 1.59% | 2.15% | 1.91% | 1.81% | 2.10% | 1.58% | 1.09% |
IESC IES Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CLS Celestica Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIX Comfort Systems USA, Inc. | 0.31% | 0.41% | 0.49% | 0.49% | 0.81% | 0.79% | 0.76% | 0.68% | 0.83% | 0.88% | 1.31% | 1.08% |
ETN Eaton Corporation plc | 1.17% | 1.43% | 2.06% | 1.76% | 2.43% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% | 2.88% | 2.21% |
ANF Abercrombie & Fitch Co. | 0.00% | 0.00% | 0.00% | 0.00% | 0.98% | 4.63% | 3.99% | 4.59% | 6.67% | 2.96% | 2.79% | 2.43% |
STRL Sterling Construction Company, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBP Installed Building Products, Inc. | 1.26% | 1.21% | 2.51% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOD Modine Manufacturing Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NRG NRG Energy, Inc. | 1.95% | 2.92% | 4.40% | 3.02% | 3.20% | 0.30% | 0.30% | 0.42% | 1.92% | 4.93% | 2.00% | 1.57% |
WMS Advanced Drainage Systems, Inc. | 0.40% | 0.38% | 0.57% | 0.31% | 0.43% | 3.47% | 1.24% | 1.09% | 1.08% | 0.76% | 0.17% | 0.00% |
BMA Banco Macro S.A. | 8.33% | 6.20% | 6.79% | 0.00% | 0.00% | 6.20% | 5.05% | 0.65% | 1.57% | 0.00% | 2.87% | 0.00% |
AZZ AZZ Inc. | 0.85% | 1.17% | 1.69% | 1.23% | 1.43% | 1.48% | 1.68% | 1.33% | 0.97% | 1.08% | 1.21% | 1.15% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Third Port. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Third Port was 48.29%, occurring on Mar 23, 2020. Recovery took 136 trading sessions.
The current Third Port drawdown is 0.80%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.29% | Feb 21, 2020 | 22 | Mar 23, 2020 | 136 | Oct 5, 2020 | 158 |
| -28.21% | Nov 19, 2021 | 144 | Jun 16, 2022 | 142 | Jan 10, 2023 | 286 |
| -26.21% | Aug 8, 2018 | 96 | Dec 24, 2018 | 128 | Jun 28, 2019 | 224 |
| -15.05% | Jul 9, 2019 | 36 | Aug 27, 2019 | 48 | Nov 4, 2019 | 84 |
| -14.47% | Jul 17, 2024 | 16 | Aug 7, 2024 | — | — | — |
Volatility
Volatility Chart
The current Third Port volatility is 11.44%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| BMA | NRG | ANF | IESC | CLS | STRL | IBP | WMS | MOD | TT | AZZ | FIX | ETN | EME | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BMA | 1.00 | 0.16 | 0.17 | 0.16 | 0.25 | 0.21 | 0.19 | 0.21 | 0.21 | 0.23 | 0.24 | 0.23 | 0.27 | 0.26 |
| NRG | 0.16 | 1.00 | 0.22 | 0.24 | 0.26 | 0.22 | 0.25 | 0.28 | 0.25 | 0.35 | 0.31 | 0.30 | 0.38 | 0.32 |
| ANF | 0.17 | 0.22 | 1.00 | 0.25 | 0.31 | 0.33 | 0.29 | 0.29 | 0.38 | 0.33 | 0.36 | 0.37 | 0.36 | 0.40 |
| IESC | 0.16 | 0.24 | 0.25 | 1.00 | 0.32 | 0.37 | 0.33 | 0.32 | 0.36 | 0.32 | 0.39 | 0.41 | 0.35 | 0.42 |
| CLS | 0.25 | 0.26 | 0.31 | 0.32 | 1.00 | 0.32 | 0.33 | 0.36 | 0.42 | 0.42 | 0.42 | 0.42 | 0.46 | 0.45 |
| STRL | 0.21 | 0.22 | 0.33 | 0.37 | 0.32 | 1.00 | 0.34 | 0.37 | 0.40 | 0.38 | 0.45 | 0.48 | 0.43 | 0.51 |
| IBP | 0.19 | 0.25 | 0.29 | 0.33 | 0.33 | 0.34 | 1.00 | 0.45 | 0.39 | 0.46 | 0.44 | 0.47 | 0.43 | 0.46 |
| WMS | 0.21 | 0.28 | 0.29 | 0.32 | 0.36 | 0.37 | 0.45 | 1.00 | 0.40 | 0.47 | 0.47 | 0.46 | 0.47 | 0.48 |
| MOD | 0.21 | 0.25 | 0.38 | 0.36 | 0.42 | 0.40 | 0.39 | 0.40 | 1.00 | 0.47 | 0.50 | 0.46 | 0.52 | 0.51 |
| TT | 0.23 | 0.35 | 0.33 | 0.32 | 0.42 | 0.38 | 0.46 | 0.47 | 0.47 | 1.00 | 0.49 | 0.52 | 0.71 | 0.58 |
| AZZ | 0.24 | 0.31 | 0.36 | 0.39 | 0.42 | 0.45 | 0.44 | 0.47 | 0.50 | 0.49 | 1.00 | 0.56 | 0.57 | 0.61 |
| FIX | 0.23 | 0.30 | 0.37 | 0.41 | 0.42 | 0.48 | 0.47 | 0.46 | 0.46 | 0.52 | 0.56 | 1.00 | 0.55 | 0.66 |
| ETN | 0.27 | 0.38 | 0.36 | 0.35 | 0.46 | 0.43 | 0.43 | 0.47 | 0.52 | 0.71 | 0.57 | 0.55 | 1.00 | 0.61 |
| EME | 0.26 | 0.32 | 0.40 | 0.42 | 0.45 | 0.51 | 0.46 | 0.48 | 0.51 | 0.58 | 0.61 | 0.66 | 0.61 | 1.00 |