Horizon Kinetics: The Failure of the ETF Phenomenon

The largest ETF in the energy field is the SPDR Energy Select Fund (XLE), with about $18.3bn in AUM For the 12 months ended 3/31/18, the return was -0.39% A year earlier, WTI was trading for $50.54/bbl; on the last day of trading in March 2018, WTI traded at $64.87/bbl; this is an increase of […]

Continue Reading

Wedgewood Partners 1Q17 Letter – Review/Outlook, AAPL, V, CLB, EW, ESRX, LKQ, MJN, PCLN, QCOM, SLB, TSCO

Wedgewood Partners 1Q17 Letter: Happy 8th Anniversary Mr. Market, April 2017 Review and Outlook Gained 6.0% during 1Q17 compared to Russell 1000 Growth Index of 8.9%; S&P 500 gained 6.1% during the quarter Top first quarter performance contributors included Priceline, Apple, Mead Johnson, TreeHouse Foods, and Visa Top first quarter detractors included Schlumberger, Qualcomm, Berkshire […]

Continue Reading