Portfolio Update May 2015

The time has come for my monthly portfolio update. At the end of every month, I will update my portfolio and comment on any changes. I do that for accountability and also so you may glean some ideas on how I allocate my capital. You have the opportunity to learn from what I do well, so you can do the same, as well as what I do poorly, so you will not have to repeat my mistakes.

My Current Portfolio Holdings, as of June 3, 2015:

Ticker	$ Current Price	Shares Held	$ Cost Basis	$ Market Value	% Weight	% Dividend Yield TTM
VWO	42.29	578.82	23,691.10	24,478.30	5.46	2.61
BDX	140.28	150.96	12,804.43	21,176.67	4.72	1.63
EXC	33.50	426.83	13,099.41	14,298.81	3.19	3.68
AFL	62.51	225.69	11,510.19	14,107.88	3.15	2.47
XOM	85.16	146.37	13,072.30	12,464.87	2.78	3.29
AZN	67.50	172.22	7,612.12	11,624.85	2.59	4.18
EMR	60.36	158.45	9,250.31	9,564.04	2.13	3.05
MHFI	104.29	85.98	4,331.67	8,966.85	2.00	1.22
LMT	191.82	44.57	4,715.95	8,549.42	1.91	3.06
HPQ	33.99	221.25	4,135.16	7,520.29	1.68	1.89
BRK.B	142.95	51.13	5,513.35	7,309.03	1.63	0
BMTC	29.28	238.82	5,958.56	6,992.65	1.56	2.62
SAN	7.36	915.31	6,260.72	6,736.68	1.50	9.42
NSC	92.58	67.39	5,277.31	6,238.97	1.39	2.5
MOCO	16.75	361.88	5,402.87	6,061.49	1.35	2.71
OGZPY	5.19	1,123.75	7,461.70	5,832.26	1.30	6.26
INTC	32.66	177.04	4,433.08	5,782.13	1.29	2.8
T	35.06	162.93	5,319.66	5,712.33	1.27	5.41
SON	44.84	123.49	4,499.98	5,537.29	1.24	2.93
DV	32.73	167.07	3,695.59	5,468.20	1.22	1.08
ESLT	75.75	70.54	2,576.12	5,343.41	1.19	1.76
NUE	49.91	107.00	4,684.46	5,340.37	1.19	3.01
VEA	41.62	126.04	3,940.01	5,245.78	1.17	2.77
CHL	66.65	78.03	3,715.79	5,200.70	1.16	2.71
PG	78.46	66.10	4,543.05	5,186.21	1.16	3.3
PEG	41.20	125.20	4,344.44	5,158.24	1.15	3.55
ABBV	67.03	76.00	4,684.64	5,094.28	1.14	2.76
CVX	102.36	49.00	5,184.69	5,015.64	1.12	4.17
UL	44.15	113.29	4,700.40	5,001.75	1.12	3.18
MSFT	47.25	105.06	3,625.62	4,964.09	1.11	2.58
VIG	81.39	60.71	3,646.24	4,941.19	1.10	2.12
PEP	95.39	49.69	3,842.03	4,739.93	1.06	2.73
VALE	6.72	700.24	8,549.93	4,705.61	1.05	4.88
CINF	51.12	91.00	4,684.68	4,651.92	1.04	3.51
MAT	25.67	178.40	5,803.35	4,579.53	1.02	5.94
WMT	75.00	60.17	4,213.10	4,512.75	1.01	2.6
LUKOY	45.93	89.40	4,411.89	4,106.14	0.92	5.6
BAMM	2.90	1,396.15	4,928.41	4,048.84	0.90	0
ED	59.67	67.00	4,684.64	3,997.89	0.89	4.19
MCD	96.58	40.62	3,899.93	3,923.08	0.88	3.49
YORW	22.20	171.76	3,469.55	3,813.07	0.85	2.6
HCP	38.13	99.00	4,684.68	3,774.87	0.84	5.71
CSX	34.11	108.27	2,272.59	3,693.09	0.82	1.94
BCR	171.20	20.48	2,042.88	3,506.18	0.78	0.51
GIS	55.81	61.95	2,714.03	3,457.43	0.77	2.99
APOL	17.28	194.00	3,686.00	3,352.32	0.75	0
JNJ	100.10	32.90	2,058.55	3,293.29	0.73	2.85
K	62.31	50.08	2,836.53	3,120.48	0.70	3.15
DGS	45.22	67.87	3,069.08	3,069.08	0.68	2.81
RBCAA	24.97	118.94	2,508.44	2,969.93	0.66	3
HIMX	6.89	421.22	1,069.90	2,902.21	0.65	4.15
WBA	86.01	33.43	1,243.26	2,875.31	0.64	1.56
SKM	24.72	110.63	1,453.68	2,734.77	0.61	3.87
CEO	155.13	17.28	2,608.93	2,680.65	0.60	4.58
AGNC	20.22	130.35	2,639.59	2,635.68	0.59	14.87
SC	24.80	105.00	1,840.65	2,604.00	0.58	0.61
PBR	8.94	285.38	2,562.71	2,551.30	0.57	0
FNDE	24.51	100.85	2,578.73	2,471.83	0.55	1.3
VFC	71.06	34.51	2,250.05	2,452.28	0.55	1.65
BUD	123.03	19.75	2,149.79	2,429.84	0.54	2.86
NKE	102.69	23.48	2,050.74	2,411.16	0.54	1.06
BP	41.33	57.32	2,236.63	2,369.04	0.53	5.75
BVN	11.15	205.50	2,106.38	2,291.33	0.51	0.2
LLY	77.71	28.91	1,065.91	2,246.60	0.50	2.54
BBL	41.95	52.87	2,666.23	2,217.90	0.49	5.81
SGTZY	5.88	371.00	2,392.95	2,181.48	0.49	2.7
KO	40.93	53.06	2,199.87	2,171.75	0.48	3.04
TOT	51.24	40.71	2,123.84	2,085.98	0.47	5.9
CRC	8.08	255.00	1,259.70	2,060.40	0.46	0.12
RDS.A	59.47	34.16	2,178.04	2,031.50	0.45	6.31
PPL	31.48	64.22	1,972.20	2,021.65	0.45	4.68
PAYX	48.99	38.35	1,433.52	1,878.77	0.42	3.09
SBRCY	5.31	346.00	2,138.28	1,837.26	0.41	5.46
RYAM	17.19	106.83	2,890.82	1,836.41	0.41	1.23
DO	30.51	59.44	2,031.06	1,813.51	0.40	1.59
TLSYY	23.69	72.99	1,087.55	1,729.13	0.39	5.12
PDLI	6.51	255.36	1,544.93	1,662.39	0.37	8.98
TESS	18.90	84.38	1,026.06	1,594.78	0.36	4.32
TLK	42.95	36.14	1,162.62	1,552.21	0.35	2.62
OIBR	2.18	682.30	3,008.94	1,487.41	0.33	0
HCBK	9.65	153.92	1,471.48	1,485.33	0.33	1.68
MBT	10.07	142.00	1,525.08	1,429.94	0.32	11.45
POT	31.52	43.85	1,278.67	1,382.15	0.31	4.56
MPC	102.49	13.03	290.44	1,335.44	0.30	1.94
CIG.C	4.62	278.66	1,415.59	1,287.41	0.29	3.29
BCMXY	24.64	52.00	835.64	1,281.28	0.29	4.49
OAOFY	33.46	38.00	1,086.42	1,271.48	0.28	3.56
PTR	117.85	10.30	1,085.72	1,213.86	0.27	4.43
OGS	42.74	28.13	1,016.06	1,202.28	0.27	2.69
HCN	69.38	16.94	1,053.16	1,175.30	0.26	4.59
PKX	54.00	21.13	1,389.30	1,141.02	0.25	0.89
MDLZ	40.98	27.29	486.03	1,118.34	0.25	1.45
SB	3.47	314.89	2,260.91	1,092.67	0.24	5.22
NAT	13.21	82.75	1,617.76	1,093.13	0.24	6.54
SBS	5.84	187.00	1,006.06	1,092.08	0.24	0
OJSCY	4.58	236.00	1,109.20	1,080.88	0.24	5.5
MRK	60.51	17.24	597.71	1,043.19	0.23	2.95
IBM	170.20	6.02	962.66	1,024.60	0.23	2.71
PNY	36.83	27.41	1,013.35	1,009.51	0.23	3.48
GSH	31.84	31.59	597.37	1,005.83	0.22	1.22
MYTAY	7.69	124.00	1,634.32	953.56	0.21	0
VMI	125.60	7.41	901.06	930.70	0.21	1.2
CTL	32.99	27.47	1,068.03	906.24	0.20	6.55
DTEGY	17.42	50.94	637.26	887.37	0.20	3.87
EZPW	7.80	109.00	997.35	850.20	0.19	0
FTD	28.12	30.00	967.50	843.60	0.19	0
CIG	4.55	184.44	959.09	839.20	0.19
FSBK	8.08	100.29	453.31	810.34	0.18	1.25
KRFT	84.53	9.58	312.40	809.80	0.18	2.58
TLKGY	21.89	36.34	711.90	795.48	0.18	0
IDCBY	17.35	45.00	548.10	780.75	0.17	4.89
PTGCY	0.55	1,416.00	2,421.36	778.80	0.17	23.71
MWE	63.53	12.26	258.69	778.88	0.17	5.48
DYN	31.96	24.00	764.16	767.04	0.17	0
BACHY	16.76	45.00	495.00	754.20	0.17	4.74
AEO	16.42	45.30	549.94	743.83	0.17	3.08
MRO	27.09	27.26	514.40	738.47	0.16	3.1
STRA	46.02	16.00	768.00	736.32	0.16	0
CICHY	20.15	36.00	504.00	725.40	0.16	4.87
ITYBY	100.00	7.16	448.36	716.00	0.16	3.59
SWRAY	13.39	53.34	610.21	714.22	0.16	3.73
CPLP	8.97	75.76	646.23	679.57	0.15	10.24
SCL	51.93	13.00	499.98	675.09	0.15	1.39
DRI	65.21	10.22	460.92	666.45	0.15	3.38
NUS	51.41	12.07	490.04	620.52	0.14	2.73
PB	55.30	11.00	499.73	608.30	0.14	1.89
TSCDY	9.63	63.00	504.00	606.69	0.14	5.74
BFR	17.35	33.32	369.85	578.10	0.13	0.11
VIAB	67.99	8.27	599.74	562.28	0.13	2
ARLP	30.10	18.00	545.94	541.80	0.12	8.44
NGLS	41.47	12.50	212.00	518.38	0.12	7.63
BRGYY	17.47	29.00	493.00	506.63	0.11	1.65
ABEV	5.86	85.02	510.97	498.22	0.11	2.03
HNNMY	8.05	61.56	403.22	495.56	0.11	2.98
PM	82.47	6.00	493.50	494.82	0.11	4.75
PNW	58.40	8.26	358.90	482.38	0.11	3.94
ICE	236.36	2.03	173.02	479.81	0.11	0.83
E	36.39	13.00	518.44	473.07	0.11	7.25
CLD	5.50	82.00	993.02	451.00	0.10	0
EVEP	13.69	32.76	711.55	448.48	0.10	18.13
RAVN	19.67	22.00	497.20	432.74	0.10	2.66
CQP	32.90	12.93	223.17	425.40	0.09	5.09
TPUB	16.08	26.00	494.00	418.08	0.09	2.19
APA	58.99	7.03	475.93	414.70	0.09	1.68
NTT	35.19	11.12	248.42	391.31	0.09	1.07
ZA	3.31	118.00	200.60	390.58	0.09	0
CACQ	7.61	48.00	504.00	365.28	0.08	0
OPTI	0.58	600.00	1,392.00	348.00	0.08	0
POM	27.07	12.14	194.36	328.63	0.07	3.99
ELNK	7.19	45.36	369.68	326.14	0.07	2.83
IEMG	49.77	6.25	316.44	311.06	0.07	2.16
IAG	2.05	150.00	253.50	307.50	0.07	0
LGCY	10.07	29.19	439.89	293.94	0.07	21.21
LYG	5.51	50.00	162.00	275.50	0.06	0.85
ISH	7.01	37.06	796.42	259.79	0.06	10.83
QCCO	2.16	113.87	412.21	245.96	0.05	0
TGT	80.45	2.57	149.75	206.76	0.05	2.6
LC	19.22	10.00	150.00	192.20	0.04	0
BCS	16.64	11.00	163.13	183.04	0.04	2.43
BND	81.32	2.23	177.82	181.34	0.04	2.45
KSS	65.50	2.74	149.80	179.47	0.04	2.46
SOUHY	8.35	20.00	180.00	167.00	0.04	0.00
AMC	28.21	5.56	100.08	156.85	0.03	2.87
MVC	10.13	11.69	105.56	118.42	0.03	5.32
WPG	13.70	7.00	123.13	95.90	0.02	5.41
CEL	4.07	23.13	644.40	94.14	0.02	0
BK	43.46	1.08	27.26	46.94	0.01	1.59
GOOGL	553.78	0.05	27.24	27.69	0.01	0
ALN	1.64	15.00	31.65	24.60	0.01	0
BKS	24.26	1.00	8.70	24.26	0.01	0
HSY	91.75	0.26	25.09	23.86	0.01	2.31
BPI	9.66	1.00	17.85	9.66	0.00	0
BBEP	5.31	1.50	20.36	7.97	0.00	28.43
NUOT	0.22	10.00	5.00	2.20	0.00	0
LPHIQ	0.01	130.10	870.37	1.30	0.00	0.00
Total			395,088.92	448,340.05	100.00	3.16

As of June 3, 2015 my portfolio contains 175 stocks, valued at $448340.05. This is an decrease of $7530.29, or -1.65%, over portfolio value of $455870.34 a month ago.

My transactions in May are listed as follows:

	Stock	Action	Cost	Price per share	Impact
245	ESI	Sell	($647.99)	($2.64)	(0.14%)
18	ARLP	Buy	$545.94	$30.33	0.12%
3.1471	AFL	Buy	$200.00	$63.55	0.04%
1.3713	BRK.B	Buy	$200.00	$145.85	0.04%
5.806	EXC	Buy	$200.00	$34.45	0.04%
4.5725	UL	Buy	$200.00	$43.74	0.04%
2.301869	XOM	Buy	$200.00	$86.89	0.04%
20	SOUHY	Buy	$180.00	$9.00	0.04%
5.035247	BMTC	Buy	$150.00	$29.79	0.03%
1.5394	MCD	Buy	$150.00	$97.44	0.03%
1.9585	WMT	Buy	$150.00	$76.59	0.03%
0.703751	BDX	Buy	$100.00	$142.10	0.02%
0.8412	BUD	Buy	$100.00	$118.88	0.02%
1.648536	EMR	Buy	$100.00	$60.66	0.02%
2.9958	INTC	Buy	$100.00	$33.38	0.02%
2.4438	KO	Buy	$100.00	$40.92	0.02%
3.876	MAT	Buy	$100.00	$25.80	0.02%
5.886	MOCO	Buy	$100.00	$16.99	0.02%
2.1084	MSFT	Buy	$100.00	$47.43	0.02%
0.9527	NKE	Buy	$100.00	$104.96	0.02%
1.055	NSC	Buy	$100.00	$94.79	0.02%
2.409	PEG	Buy	$100.00	$41.51	0.02%
1.0198	PEP	Buy	$100.00	$98.06	0.02%
2.759	PNY	Buy	$100.00	$36.25	0.02%
2.234	SON	Buy	$100.00	$44.76	0.02%
1.399	VFC	Buy	$100.00	$71.48	0.02%
0.801	VMI	Buy	$100.00	$124.84	0.02%
4.284	YORW	Buy	$100.00	$23.34	0.02%
0.7746	VIAB	Buy	$50.00	$64.55	0.01%
0.536733	PG	Buy	$43.46	$80.97	0.01%
0.487	GIS	Buy	$27.05	$55.54	0.01%
0.287	PAYX	Buy	$14.46	$50.38	0.00%
0.1976	HCN	Buy	$13.81	$69.89	0.00%
0.026511	BCR	Buy	$4.50	$169.74	0.00%
0.0206	SWRAY	Buy	$0.28	$13.59	0.00%
0.0075	POT	Buy	$0.24	$32.00	0.00%
0.0118	VALE	Buy	$0.09	$7.63	0.00%
			$3,381.84		0.75%

Net cash inflow was $3381.84 during this period. Factoring out the cash inflow, my portfolio returned -2.39% in May.

Purchases
My major buy this month was ARLP, an MLP yielding 8.8% that seemed too cheap to ignore. It also provides some tax benefits.

Sales
I sold out ESI after the company and its top executives were charged with fraud by the SEC. I should have sold much sooner. I had let this one slip, to my chagrin.

My monthly performance against the S & P 500 is shown below:

2015	My Portfolio Return	S & P 500 TR
Jan	-1.52%	-3.00%
Feb	1.90%	5.75%
Mar	-2.71%	-1.58%
Apr	3.25%	1.99%
May	-2.39%	1.29%
YTD	-1.60%	4.29%

I am now trailing the index by 5.89% for the year. Energy and material sectors weighed me down.

Turnover was 0.89% in May, roughly in line with prior month.

What do you think about my portfolio? Thanks for reading.