Articles on investing and capital management, with a quantitative focus.

#growth - My portfolio of individual growth stocks

Growth Portfolio Annual Update


My Growth portfolio outperformed the TSX in this time period. Several holdings no longer meet my screening criteria and have been replaced. After today's adjustments, the portfolio holds:

Stock Symbol Company Sector
CJT Consumer
MRU Consumer
CP Industrial
RBA Industrial
CSU Technology
DSG Technology
BAM.A Financials
FSV Financials
FNV Materials
WDO Materials

Ideally, the positions should have equal weights. To minimize trading, I don't adjust position sizes if they are reasonably close to equal.

To reduce turnover and trading costs, I am switching to annual updates. Previously, I was updating the portfolio ever 6 months.


The lifetime CAGR (compound annual growth rate) since inception is 9.5%, compared to the benchmark XIC at 4.0%. This outperformance is significant.

Performance is calculated for each time period shown. I use actual fill prices if there was a trade, or the bid price otherwise. Trade fees are ignored. The XIC return includes dividends, but the Growth return does not.

Start End Growth XIC
2016-12-28 2017-06-19 15.0% 0.7%
2017-06-19 2017-12-27 2.6% 7.2%
2017-12-27 2018-06-18 4.9% 2.5%
2018-06-18 2018-12-17 -11.6% -10.3%
2018-12-17 2019-06-19 20.1% 16.1%
2019-06-19 2019-12-27 6.3% 5.5%
2019-12-27 2020-06-08 -2.1% -5.9%
Lifetime CAGR 3.4 yrs 9.5% 4.0%

Alternative start date

Note that the first time period in the above table gives Growth a significant lead. In case this first period was a fluke, I will also calculate performance starting from the second period.

Here is the CAGR performance starting from 2017-06-19

Alternative start Growth XIC Difference
CAGR over 3.0 yrs 6.0% 4.4% 1.6%

The Growth portfolio still outperforms, but with a smaller margin.

Jem Berkes