March Madness Portfolio Challenge: Round 2 Leaderboard

So, Round 2 is in the books, and my beloved Wisconsin Badgers are once again through to the Sweet 16.  Post. Over.

Oh, alright.  I guess I’ll update everyone on the leaderboard since all the second round games have passed.  But before I get to that, let’s quickly revisit our hypothesis on concentrated versus diversified portfolios.  In our Round 1 recap, we wrote:

“The HHI index is a measure of portfolio concentration.  We’ve included it because one of our hypotheses entering the Portfolio Challenge was that concentrated portfolios would find their way to the top and the bottom of our rankings.  Lo and behold, after just the first round, we see this pattern (though weakly) starting to emerge.”

We also showed the accompanying chart:

Leaderboard HHI Round 1 LineBut in the second round, something interesting happened.  Namely, while we continue to see our barbells manifest, the diversified approaches seem to have uniformly moved up the rankings.  As you can see above, with some exceptions, there were a mass of diversified entries ranking between 15-32.

But as we see below, as of the end of the second round, the diversified “peloton” has closed the gap, and now largely holds ranks between 7-23.

Leaderboard HHI Round 2 LineOur current leader is Laura B, with 6.166 points and a remaining exposure of 100%.  So, if your favorite team is out of it, and you’re looking for something to root for, her downfall would require the following teams to lose: Virginia (20%), Oklahoma (20%), Oregon (20%), Villanova (20%) and Texas A&M (20%).  Though, considering Texas A&M is still in it, her entry kinda feels like a “portfolio of destiny.”

Anyways, here’s the rest of the leaderboard.  See everyone after the Sweet 16!

RankNameScoreRemaining Exposure

1 Laura B 6.166 100.00%
2 David V 5.6486 80.00%
3 Ryan K 5.5091 75.00%
4 Mike D 5.4575 50.00%
5 Corey H 5.2328 77.92%
6 Dan A 5.0381 40.00%
7 Mike P 4.6523 75.00%
8 Mike S 4.5259 68.00%
9 Jagdeep M (Concentrated) 4.3624 50.00%
10 Gordon N 4.1809 58.00%
11 Benchmark – Rank Seed Weight 4.1695 70.00%
12 David G 4.1497 63.32%
13 Matt Z 4.1407 79.21%
14 Al G 4.1039 56.00%
15 Jagdeep M 4.0343 49.50%
16 Benchmark – Concentrated (Top 2 Seeds per Region) 4.0311 75.00%
17 Jug M 3.9966 49.50%
18 Trevor S 3.934 45.00%
19 Benchmark – GMP 3.9318 57.57%
20 Michael L 3.909 67.50%
21 Guy L 3.8914 49.90%
22 Mack C 3.8526 72.94%
23 Jaime P 3.7618 53.02%
24 James H 3.7238 60.04%
25 Josh A 3.6272 50.00%
26 Panos K 3.5691 50.00%
27 Andrew B 3.3632 43.41%
28 Benchmark – Rank Weight 3.3157 37.87%
29 Eli R 3.3091 44.50%
30 Ben S 3.1741 25.26%
31 Jeff S 3.1414 65.00%
32 David B 3.1329 41.00%
33 Benchmark – 12-Seeds 2.934 0.00%
34 Carmen M 2.8514 55.00%
35 Anthony M 2.8288 63.00%
36 Benchmark – Equal Weight 2.8244 25.00%
37 Sharon P 2.7344 50.00%
38 Scott P 2.6671 52.50%
39 Theo R 2.584 56.00%
40 Benchmark – Hot Hand (Power Conference Champs) 2.4553 50.00%