Because discussing my personal holdings has become quite simplified in the last month, I’m going to be leaning more on two other things I’m involved with – one being the Marketocracy.com virtual portfolio, and the other being the Boston College Investment Club portfolio.

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Because Marketocracy has diversification rules (for the weak, I know), I have to maintain a number of holdings – but I’m pretty close to the minimum with 11, as I run an aggressive portfolio. Year-to-date, I’m up 9.5% against a 10.4% decline for the S&P 500. Essentially all of that comes from this quarter, where I’m up 22% after buying up Primus common (PRS) and senior notes (PRD) close to the concentration limits. Read more in the Primus Guaranty Stock Report.

My next largest position in Accenture (ACN), a consulting company that has seen increased demand in a soft economy thanks to its ability to cut costs. They have $5.60/share in cash with a $41 stock, and will probably generate another $3.75/share in cash flow this year, giving them an FCF multiple below 10x. With a countercyclical growth story and an inexpensive valuation relative to earnings estimates that continue to rise, Accenture has the chance to catch a wave of institutional support.