DWSH: 3rd Quarter 2021 Portfolio Manager Review
Our vision for utilizing the strategy is twofold. First is can be used as a hedge against downside US equity volatility, helping to reduce the volatility of the portfolio by pairing DWSH with a traditional long portfolio. The second is using the strategy as an alpha bet during period of market distress. During period of high dispersion among securities, there are typically well-defined winners and losers. Rather than buying a broad short of the whole market, we systematically invest in companies that are identified to be weak and have a greater chance in our opinion of dropping more than the other companies drop in the universe.
|Ticker||Security Description||Portfolio Weight %|
|COG||CABOT OIL & GAS CORP||-1.41%|
|PRGO||PERRIGO CO PLC||-1.11%|
|DAL||DELTA AIR LINES INC||-1.08%|
|MSGS||MADISON SQUARE GARDEN SPORTS||-1.08%|
|CNK||CINEMARK HOLDINGS INC||-1.08%|
As of 09.30.2021
As of 09.30.2021.