July Performance Update
Maintaining profits and exceeding the pace of the market, adding 52nd multi-bagger
As per usual, the most important graphs come first.
The 2022 MS Microcap Quality Index added about 2.5% in July, holding onto the large gains from June and more or less keeping the pace with SP 500 and other indices.
Interestingly, it’s already about 8% in August. We’ll see if it holds🤞.
As a reminder, in April, we decided to rebalance the index. You can find more information about this in the video, below.
As a result, we are tracking the 2025 index separately. It also saw a relatively strong month, up 2.34%, in line with the broader market and continues to beat the indices. However, more importantly, it’s crushing its closest comparable indexes, the iShares Microcap ETF and Russel 2000 Small Cap.
New Cliff Notes
In the past month we released two new Cliff Notes that were added to the 2025 index.
The stock featured is now up 28% since addition.
#120 is also a success so far as it is up 29% since addition.
We also provided an update to Cliff Note #114. The stock is up 19% so far.
52nd Multi-bagger
We were also happy to see yet another stock enter our Multibagger Hall of Fame. This list comprises of stocks that hit a 100% return or more since being added to the MSMqi universe.
You can see all of the stocks in this list below.
We’re happy to see that our multibagger hit rate remains comfortably high at 43%, meaning almost every other stock in our index coverage universe hit at least 100% at one point in time. The average time to hit 100% is now about a year (370 days).
Although, several stocks have returned much higher than 100%.
Here’s a few Multibaggers from the 2022 MSMqi (by the way, as you can see, it’s already added 8% in August).👇
