SMIF Portfolio Overview

Since the Hofstra SMIF began operations in the Fall 2016 semester its equity returns through May 18, 2018 have been 37.51% versus the benchmark S&P 500 return of 24.20%. During the most recent academic year, from October 31, 2017 through May 18th, 2018 the SMIF equity portfolio returned 8.87% compared to the S&P benchmark of 8.06% (with a portfolio beta of 0.98). Some notable holdings of the SMIF equity portfolio over the Fall 2017 and Spring 2018 semesters are listed below. The analyst(s) conducting the research and making the recommendations are also provided.

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Company (Stock)Returnvs.*S&P 500%Analyst(s)
Bank of America  34.5%   19.4% Ryan M. Finn
Mastercard Inc.  26.8%   1.5% K. Pankhi/H. Imran/D.Patel
Raytheon Company 16.6%   5.7% Nicholas T. Nappi
Enterprise Products Partners 15.1%   5.7% Kin F. Lam
Apple Inc.  13.0%   2.0% Gabriel P. De Oliveira
McCormick   5.8%   3.6% Nicholas T. Nappi
Alphabet Inc. Class-A   3.5%   1.7% Simone Sanvito
Microsoft Corp. 3.1%   1.7% J. Chen/J. Luo
New Oriental Education  2.5%   1.5% L. Liu/J. Luo/F. Yang

*Individual returns are benchmarked against the S&P 500 returns over the same holding period.  

The Hofstra SMIF analysts would also like to thank the SMIF Supervisory Board for their work. The Supervisory Board is comprised of Trustee Frank G. Zarb, Professor and Finance Department Chair K.G. Viswanathan, Professor Ahmet Karagozoglu, Professor Ron Frank and Chairperson of the Board and Dean of the Zarb Business School Herman Berliner. The SMIF analysts are also grateful for the support and guidance provided by Hofstra Treasurer Catherine Hennessy. The time spent with the members of the SMIF by Trustees Robert Rosenthal  and Martin Greenberg is very much appreciated and valued.

Mr. Robert Rosenthal Visit with SMIF Analysts

On February 2, 2018, Mr. Robert Rosenthal shared his overview of the markets and economy with the SMIF analysts in the Martin B. Greenberg Trading Room. Mr. Rosenthal is the Chairman, Chief Executive Officer and Chief Investment Officer, First Long Island Investors, LLC; as well as vice chair of the Hofstra University Board of Trustees and serves as chair of the Endowment and Investment Committee.

Mr. Robert Rosenthal Visit with SMIF analysts 2/2/18