Portfolio Two is listed below. We were hit in Statoil due to the crude collapse and the falling Norwegian currency. TransAlta, the Canadian energy company, was also hit by these forces.
The portfolio also has Amazon, which is falling a bit relative to other tech companies. They are a well run, long term player, but the street was looking for (marginally) higher profits.
Wynn casinos are also on watch because of a crack down on corruption in China, which limits gambling revenues.
Many other companies are doing well, particularly Facebook and Nidec (Japan) which have half the portfolio’s current unrealized gains.