The Contrarian Investment Portfolio: Status Entering March 2025

The Portfolio dropped in February, falling short of the S&P 500 though it continues to lead the index an a year-to-date basis...

This monthly posting supplies a full run-down of The Portfolio status — largest holdings, performance, outlook, and even thoughts from the Portfolio Manager!

Here is the link to last month’s edition.

Returns & Exposure

The Contrarian Portfolio dropped 1.1% in January, falling a bit short of the S&P 500, which declined by 0.9%. Year-to-date, the portfolio is up 2.7%, more than twice the 1.2% for the S&P. Over the last 12 months, the portfolio is down 0.6%, well below the S&P’s 17%.

Below are the top portfolio holdings, in descending order of weight, as of the close of trading on Feb. 28:

The sell-off in tech turned real last month. Image by author via Grok AI