Lockstep Investing Performance Update: January 2024

It was a disappointing month for us as the Portfolio declined -3.0%, while the S&P 500 gained +1.5%.   Drivers of Performance Intel (INTC) INTC accounted for more than 30% of the Portfolio’s negative performance in January 2024, as the share price retreated over 14% during the month, driven by the company’s fourth-quarter (Q4) 2023 […]

Lockstep Investing Performance Update: December 2023

The Portfolio’s Performance for December 2023 December was another solid month for The Portfolio, with a gain of +7.6%, capping off a fantastic year with a total return of +25.7% for 2023. The Portfolio is up +10.2% since its inception in February 2022. While this performance might seem mediocre, we are incredibly proud given that: […]

Lockstep Investing Performance Update: November 2023

The Portfolio’s Performance for November 2023 November was a solid month for The Portfolio, with the fund returning +14.4%, driving year-to-date performance up to +16.8% for 2023.   Drivers of Performance Seritage Growth Properties SRG’s share price appreciated after it reported its third quarter (Q3) 2023 results towards the beginning of the month. The company […]

Lockstep Investing Performance Update: October 2023

The Portfolio’s Performance for October 2023 October delivered another disappointing performance for The Portfolio, with the fund retreating by -6.3%. While The Portfolio remains positive for the year at +2.1%, we share your frustration considering that we were up +23.8% at the end of July     Drivers of Performance InMode (INMD) The main contributor […]

Lockstep Investing Performance Update: September 2023

The Portfolio’s Performance for September 2023 The Portfolio faced a challenging month, declining -4.6%, slightly better than the S&P 500’s performance for September of -4.9%, resulting in a year-to-date gain of 9.0%.   Drivers of Performance The most significant detractor for the month, responsible for nearly 40% of the Portfolio’s negative performance, was InMode (INMD). […]

Lockstep Investing Performance Update: August 2023

picture of chess board and pieces indicating the strategy behind Lockstep Investing Portfolio & The Portfolio's performance update for August 2023

The Portfolio’s Performance for August 2023 The Portfolio (aka The Value Fund) declined -7.7% for August but remains up +14.3% Year-to-Date. Note: We are no longer reporting on the Premium Fund as it is closed to existing members only.     Drivers of Performance August proved to be a turbulent month. Several factors contributed to our […]

Lockstep’s Performance Update: July 2023

Picture of a chess piece indicating Lockstep Investing's monthly update for its two investment funds and the drivers of performance for July 2023

Our Funds’ Performance for July 2023 Premium Fund The Premium Fund delivered an impressive return of +8.9% in July, bringing the Year-to-Date performance to +10.7%. Value Fund (aka The Portfolio) The Value Fund had an evening stronger showing, achieving a gain of +9.7% for July and an outstanding +23.9% Year-to-Date.     Drivers of Performance These […]

Lockstep’s Performance Update: June 2023

Our Funds’ Performance for June 2023 Premium Fund The Premium Fund was up +12.5% for June 2023 and is up +1.72% Year-to-Date. The Value Fund The Value Fund was up +11.0% for June 2023 and is up +13.0% Year-to-Date.   Market Performance It was another strong month for the S&P 500 and the Nasdaq Composite, […]

Lockstep’s Performance Update: May 2023

Our Funds’ Performance for May 2023 Premium Fund The Premium Fund was up +0.9% for May 2023 and is down -9.6% Year-to-Date. The Value Fund The Value Fund was up +0.8% for May 2023 and is up +1.7% Year-to-Date.   Market Performance Things are looking up – sort of. The S&P 500 and Nasdaq Composite […]

Lockstep’s Performance Update: April 2023

A line graph of Lockstep's Value Fund and Premium Fund Performance since inception up to the end of April 2023 vs the S&P 500 and Nasdaq Composite

  Our Funds’ Performance for April 2023 Premium Fund The Premium Fund was down -2.2% for April 2023 and is down -10.4% Year-to-Date. The Value Fund The Value Fund was down -1.4% for April 2023 and is up +0.9% Year-to-Date.   Market Performance It was another decent month for the S&P, which finished up 1.5%, […]

Lockstep’s Monthly Update – March 2023

A graph showing the performance of Lockstep Investing’s Premium Fund and Value Fund since inception to March 2023 compared to the S&P 500 and Nasdaq Composite

  Our Funds’ Performance for March 2023 Premium Fund The Premium Fund was down -13.0% for March 2023 and is down -8.3% Year-to-Date. The Value Fund The Value Fund was down -4.6% for March 2023 and is up +2.4% Year-to-Date.   Market Performance Despite all the craziness during the month, the S&P 500 and Nasdaq […]

Lockstep’s Monthly Update – February 2023

  Our Funds’ Performance for December 2022 Premium Fund The Premium Fund was down -3.8% for February 2023 and is up +5.4% Year-to-Date. The Value Fund The Value Fund was down -2.9% for February 2023 and is up +7.3% Year-to-Date.   Performance vs the Market The S&P 500 and Nasdaq Composite were down -2.6% and […]

Lockstep’s Monthly Update and 1 Year Anniversary

Our Funds’ Performance for January 2023 Premium Fund The Premium Fund was up +9.6% for January 2023 and is up +2.5% since launching in February 2022. The Value Fund The Value Fund was up +10.5% for January 2023 but is down -3.1% since launching in February 2022.   Performance vs the Market Today marks the 1st anniversary of […]

Lockstep’s Monthly Update – December 2022

Our Funds’ Performance for December 2022 Premium Fund The Premium Fund was down -0.6% for December 2022 and -6.5% since launching in February 2022.   The Value Fund The Value Fund was down -1.7% for December 2022 and -12.3% since launching in February 2022.   Performance vs the Market Both our funds significantly outperformed the […]

Lockstep’s Monthly Update – November 2022

Our Funds’ Performance for November 2022 Premium Fund The Premium Fund was up +1.1% for November 2022 and is down -6.0% since launching in February 2022.   The Value Fund The Value Fund was up +6.9% for November 2022 and is down -10.8% since launching in February 2022.   Performance vs the Market The S&P […]

Lockstep’s Monthly Update – October 2022

Our Funds’ Performance for October 2022 Premium Fund The Premium Fund was up +12.2% for October 2022 and is down -6.9% since launching in February 2022.    The Value Fund The Value Fund was up +10.3% for October 2022 and is down -16.5% since launching in February 2022.   Performance vs the Market Both the […]

Lockstep’s Monthly Update – September 2022

Our Funds’ Performance for September 2022 Premium Fund The Premium Fund declined -9.6% for the month and is down -17.1% since the fund was launched in February 2022. The Value Fund The Value Fund declined -13.7% for the month and is down -24.3% since the fund was launched in February 2022. Performance vs the Market […]

The Value Fund Monthly Update – August 2022

Performance for August 2022 The Value Fund was down 4.8% for August 2022 and is down 12.4% since the fund started in February 2022. The Premium Fund, which we opened up to members in August, was up 1.5% for the month but is down 8.2% since the fund started, also in February 2022.   Performance […]

The Value Fund Monthly Update – July 2022

Performance for July 2022 The Value Fund increased 16.3% in July 2022 and is down 7.9% since the fund started at the beginning of February 2022. Performance vs the Market The fund outperformed both the S&P 500 and the Nasdaq Composite Indices both of which were strongly up 9.1% and 12.3% respectively for the month. […]

The Value Fund Monthly Update – June 2022

Performance for June 2022 The Value Fund declined 15.39% in June 2022 and has declined 20.79% since the fund started in February 2022. Performance vs the Market On paper, June’s performance is horrific, especially when compared to the market as the S&P declined 8.4% and the Nasdaq declined 8.7% for June 2022. We mention “on […]

The Value Fund Monthly Update – April 2022

Performance for April 2022 The Value Fund declined by 8.9% in April 2022 and is down by 9.9% since launching in February 2022. It was a brutal month for the markets as the S&P and Nasdaq composite declined by 8.8% and 13.3% respectively, while the S&P is down 13.9% for the year and the Nasdaq […]