2019 - 2021 FMA Magazine
FMA Magazine covers events and programming for 2019 - 2021, including Auburn University Student Investment Fund performance.
FMA Magazine covers events and programming for 2019 - 2021, including Auburn University Student Investment Fund performance.
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Q1, <strong>2021</strong><br />
PERFORMANCE SUMMARY<br />
Q1 <strong>2021</strong> UPDATE<br />
As of March 31, <strong>2021</strong><br />
CAPITAL BREAKDOWN<br />
$249,902 Initial Capital<br />
+ $38,933 Donations<br />
+ $145,161 Capital Appreciation<br />
$433,996 Total AUM<br />
INVESTMENT DECISIONS<br />
With revaluation of every security taking place last fall, the first<br />
round of pitches this semester consisted of companies new to<br />
ASIF. Sectors pitched buy recommendations on their chosen<br />
firm. Fund members voted to enter into positions in Salesforce<br />
(CRM) due to their commanding market share in the secularly<br />
growing cloud computing industry as well as BJ’s Wholesale<br />
Club Holdings (BJ) largely as an inflationary hedge. The<br />
remaining companies pitched were added to the ASIF watchlist.<br />
In addition, members decided to sell off our holdings of Gilead<br />
(GILD), as the original investment thesis around vaccine<br />
development and FDA approval of pipeline drugs did not come<br />
to fruition. We also sold our position in Alibaba (BABA) due to<br />
increased geopolitical tensions between the US and China.<br />
Q1 <strong>2021</strong> PORTFOLIO PERFORMANCE: January <strong>2021</strong> - March <strong>2021</strong><br />
72 <strong>FMA</strong> <strong>2019</strong>-<strong>2021</strong> MAGAZINE
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