This is the second of three weeks in which I am abstaining from the usual $250+ investment into the portfolio in order to reestablish the $250+ per week average. For the truly bored, I present how things would have gone below.
This week, five of the portfolio holdings ranked in the Top Ten: BKH, FMCB, MMM, MO, and QCOM.
| Ticker | Account Value |
| BKH | 1,149.54 |
| FMCB | 2,851.71 |
| MMM | 2,459.85 |
| MO | 2,558.38 |
| QCOM | 2,653.97 |
The lowest amount belongs to BKH. However, an investment into any sector other than Materials would only continue the imbalance in the portfolio, created largely by the outperformance of TDS. However, there are no companies from the Materials sector in the Top Ten. If the requirement to rank only those stocks with 10% expected total returns were relaxed to 9.3% AND if the fair value cap of 100% were lifted to 102%, the highest ranked Materials stock would be an existing holding, PPG, coming in at #18. Thus, I likely would have placed the $250 into PPG. There simply are not a lot of purchase opportunities in the five Materials stocks in the Empire.
TDS has climbed above the $20 strike price with 167 days before expiry. I am not particularly happy to see gains on 300 of the 345 shares capped at this point and thus, I will look for an opportunity to roll up and out into May 2024 when that expiry month becomes available in the option chain in a couple of weeks. Rolling all the way out to December 2024 is simply not of interest to me at this time.