Hershey Included in Defensive Portfolio List as Cash Rises to 8.5%
Chris Versace sold $180,000 of Dutch Bros to raise cash and allocated $120,000 into the ProShares Short S&P 500 ETF, lifting the portfolio’s cash weight to 8.5% and the hedge to about 2%. Hershey is listed among four stocks in the defensive “Bullpen” shopping list for potential future purchases.
1. Portfolio Rebalancing and Hedge Moves
After locking in approximately $180,000 from the sale of Dutch Bros, the manager deployed $120,000 into the ProShares Short S&P 500 ETF and boosted cash to 8.5%, with the short ETF position representing roughly 2% of the portfolio to dampen potential market declines.
2. Bullpen Shopping List Composition
The defensive shopping list includes Hershey, IDEXX Laboratories and Dutch Bros, along with other stocks identified as attractive on valuation dips and portfolio risk criteria.
3. Hershey’s Role in the Portfolio
Hershey is categorized as a defensive staple, slated for purchase when its valuation aligns with the portfolio’s risk-managed thresholds, offering downside protection amid potential market volatility.