Clearbrook Capital Advisors

Undervalued Opportunities

  • Additional attributes Leverage, Short
  • Strategy Stocks
The Undervalued Opportunities investment strategy is suited for investors who are seeking concentrated exposure to securities.  The strategy will seek both investment in securities and short selling.   Through active management the strategy strives to beat the annualized returns of the S&P 500 over a long period of time.    

The strategy tends to look for investments in companies experiencing periods of growth in their businesses.  However, the strategy will seek investments in any situation where it feels the opportunity for reward sufficiently outweighs the corresponding risk.  

Fundamental analysis generally forms the basis for our long or short thesis.  This may include but is not limited to: an understanding of the company’s business, an evaluation of company management, the company’s standing within its industry, analysis of the company’s financial statements and annual filings.  Additionally, we may engage in forms of cyclical analysis and technical analysis.

Capital is allocated to our best ideas.  This will normally result in a concentrated portfolio of holdings.  The strategy may use leverage when it believes advantageous based on market conditions or security specific opportunity.   

Portfolio holdings are reviewed periodically.  Holdings are evaluated for potential thesis change.  Holdings are sold if it is believed that capital could be more effectively allocated.

The portfolio may engage in the buying or shorting of ETFs and ADRs, hold high levels of cash, or trade any other publicly traded instrument (within the parameters outlined by Covestor), if it believes there is sufficient opportunity for investment returns.

Portfolio Manager performance


Last 30 days



Last 90 days



Last 365 days


Quarterly vs S&P500

Quarterly vs S&P500

Risk score

  • 55.5%

    Best quarter

  • -10.7%

    Worst quarter

    • 1.5% fee
    • $20,000 min
  • Required: Margin account

Portfolio Manager performance graph

All performance information on this page is based on the performance of the Portfolio Manager’s account. Client performance may differ. Client account performance is displayed on the client dashboard.

Performance Portfolio inception May 31, 2011

as of August 17, 2017 Manager (net of fees ) S&P 500
Last 30 days -4.5% -1.2%
Last 90 days 8.2% 2.0%
Last 365 Days 15.4% 11.4%
Since inception (Annualized) 27.3% 10.0%
2017 (YTD) 29.6% 8.5%
2016 -10.5% 9.5%
2015 -6.5% -0.7%
2014 8.9% 11.4%
2013 140.0% 29.6%
2012 44.8% 13.4%

Risk metrics Last 365 days

as of August 17, 2017 Manager (net of fees ) S&P 500
Volatility 21.7% 8.3%
Sharpe Ratio 0.67 1.25
Sortino Ratio 0.86 1.66
Maximum Drawdown -13.7% -4.7%
Value-at-risk (95%, 1 week) -5.0% -1.9%
vs. S&P 500
Information Ratio 0.22
Alpha 2.0%
Beta 1.32
R-Squared 0.26


  • Communications
  • Consumer, Cyclical
  • Consumer, Non-cyclical
  • Technology

Top 5 securities

View all

Portfolio commentary

Latest transactions Average trades per month 19.9

Executed Symbol Security Type Price
August 17, 2017 UAA Under Armour Inc Sell $18.07
August 17, 2017 ZG Zillow Group Inc Buy $40.08
August 17, 2017 SQ Square Inc Sell $25.06
August 15, 2017 TWTR Twitter Inc Sell short $16.16
August 14, 2017 JD Inc Buy $43.70
August 08, 2017 W Wayfair Inc Buy $76.10
August 08, 2017 W Wayfair Inc Buy to cover $75.18
August 07, 2017 W Wayfair Inc Sell short $80.18
View all

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Important Information

  1. Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.  
  2. All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-IB Asset Management performance information may include performance of non-IB Asset Management client accounts. Performance of the Portfolio Manager's account is calculated by IB Asset Management on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail IB Asset Management's trading rules, as a result, actual client returns will differ. IB Asset Management advisory fees are simulated and applied retroactively to present the portfolio return "net-of-fees".
  3. None of the performance information displayed on this page is based on the actual performance of any IB Asset Management client account investing in this portfolio. The performance in an IB Asset Management client account invested in this portfolio may differ (i.e., be lower or higher) from the Portfolio Manager’s account performance based on any trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions, and different corporate actions. Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their IB Asset Management account and reviewing their customized dashboard.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by IB Asset Management, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither IB Asset Management nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns displayed have been calculated by IB Asset Management using daily benchmark prices and do not include dividend income. More information here. For certain portfolios IB Asset Management uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
  7. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of IB Asset Management has been provided by the Portfolio Manager. IB Asset Management makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of IB Asset Management. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by IB Asset Management, and are intended to serve as a general guide.
  8. Not all transactions listed will appear in accounts due to IB Asset Management's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  9. The Portfolio Manager could use short selling to manage this portfolio. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.
  10. The Portfolio Manager could use borrowed funds or leverage to fund investments in this portfolio. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.