Portfolio Update: Adding more Agrium, Inc.; Introducing New Portfolio Layout

This is only a brief post to update the portfolio and introduce our new layout. Click here to pull yesterday's closing quotations for the Investor Intelligentsia Model Portfolio. Holdings are now categorized by sector, and weightings are more readily visible. The comments section will be developed soon.

The model portfolio has returned about 3% since inception, Nov. 15th, 2007. While that's no great shakes, it certainly stands above the S&P 500 and we've focused all the while on some of the most volatile sectors in the market. The relative performance is actually not too shabby. The portfolio's birth and management life corresponds to the rump of the credit crisis we're muddling through.

On an intraday basis we are going to enter a limit order for another 300 shares of Agrium, Inc. (AGU: NYSE) In our judgement, the company offers the best risk/reward in the fertilizer space at this time. They are a blue-chip Canadian firm, but their recently expanded retail distribution network has some analysts and institutional investors factoring a lower multiple on earnings for the shares. We don't agree with this view. The stock should close the valuation gap with it's peers over time.

Please see our previous notes on Agrium and the fertilizer sector.

As of 11 a.m. Eastern Standard Time, a limit order set for 300 shares at $71.00 will activate, and will remain in place until canceled. This should easily execute today.

3:40PM PST Update: The April 8th closing portfolio values are now available. Click here to pull up the portfolio.

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