Jim Cramer, a prominent figure in the world of finance and investing, has garnered both acclaim and critique for his dynamic presence.
Renowned as the host of CNBC’s “Mad Money,” Cramer’s energetic stock market analysis and boisterous recommendations have made him a household name among investors.
However, despite his successes in forecasting market trends, Cramer’s frequent misjudgments have led to the emergence of the ‘Inverse Cramer’ strategy. This approach involves taking a contrary stance to his stock picks and recommendations, illustrating the intriguing duality of Cramer’s influence on investment strategies.
The Inverse Cramer strategy has become significantly popular over the years, and investors can now even copy-trade this portfolio through an app called Autopilot.
According to data retrieved on August 15, copy-trading Inverse Cramer generated an average yearly return of 26%. This is less than the 2023 portfolio returns of Michael Burry and Nancy Pelosi, though more than what Warren Buffett yielded this year.
Further, over the past year, the Inverse Cramer portfolio’s value rose by 34%.
What’s inside the Inverse Cramer portfolio?
The biggest holding of the Inverse Cramer portfolio is the stock of Microsoft Corp. (NASDAQ: MSFT), which accounts for 20% of its total worth.
Additionally, 14% of the portfolio is allocated to Amazon (NASDAQ: AMZN), alongside other noteworthy positions in American Express (NYSE: AXP), Meta Platforms (NASDAQ: META), and Coinbase (NASDAQ: COIN). These three stocks capture 26% of the Inverse Cramer portfolio.
Other stocks included in Inverse Cramer also include World Wrestling Entertainment (NYSE: WWE), Kraft Heinz (NASDAQ: KHC), Centrus Energy (NYSE: LEU), Snap (NYSE: SNAP), and several more.
Biggest winners
Microsoft is Inverse Cramer’s biggest holding but also one of its top-performing in 2023.
The tech giant’s shares gained more than 35%, capitalizing on the ongoing artificial intelligence (AI) boom.
Moreover, AMZN surged even more during this period, jumping 63% year-to-date to $140 per share, while WWE and AXP rose around 63% and 13%, respectively.
The best-performing stocks within the Inverse Cramer portfolio by far are META and COIN, which soared by a whopping 145% and 140% this year, respectively.
On the other hand, KHC and Warby Parker (NYSE: WRBY) are on the losing side, declining by about 16% and 11% year-to-date.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/heres-how-much-copy-trading-inverse-jim-cramer-portfolio-gained-in-2023/