Module · certificate and badge

Portfolio Management, a Sophron® course

How a book is run once the ideas are in: what each new name adds to its risk, how big a position may be, the limits written before the vote, when to rebalance or sell, and how to judge the result.

Get access with the Sophron® Passport Students: €15 a year with AIC Premium Already in? Open the module portal

Included in the Sophron® Passport (€25 a year) and AIC Premium (€15 a year), with every other module. Not sold on its own. Take it at any time.

7Lessons
6Tests
1Memo to hand in
1Certificate

What you learn

From the book to the result

Seven written lessons with a test each, closing with a portfolio memo on a real book.

  1. 01The book as a system

    • A portfolio is a system, not a list of good ideas
    • What a new name adds to the risk of the book

  2. 02Sizing a position

    • Size each position for the risk it adds
    • Arguing a weight from the price range and the volatility
    • Keeping every name under the cap

  3. 03The mandate

    • Limits set before the votes, not argued case by case
    • Writing a one-page mandate

  4. 04Rebalancing and selling

    • Why weights drift
    • Deciding in advance when to rebalance and when to sell

  5. 05Measuring the book

    • Risk-adjusted return against a fair benchmark
    • Contributors, detractors and enough time to judge

  6. 06The portfolio memo and the report

    • Exercise: where the book stands and what you would change
    • The Portfolio Update Report of the cycle
Portfolio Management, a Sophron course
Seven written lessons with tests, and a portfolio memo to hand in.

The course

A Sophron® course

Written by the Sophron® team from how the Portfolio Manager runs the book on the Analyst Program: the same mandate, the same cap and the same vote.

For the Portfolio Manager on the Analyst Program it is the seat course, taken meeting by meeting on the Journey; everyone else can take it on its own, in order.

The certificate

The Sophron® Certificate in Portfolio Management

The Sophron® Certificate in Portfolio Management, with the holder's name, date and credential ID The Portfolio Management certificate badge
The certificate, with a public verification linkThe badge on your Sophron® profile

Finish the course and hand in your portfolio memo, and the Sophron® team signs off your certificate, with a public verification link and a badge on your profile.

  1. Finish every lesson and pass its test.
  2. Write the portfolio memo of exercise PM1.6 on one page: every weight now and proposed within the 10 percent cap, the limits check, the effective number of positions, the return against a stated benchmark with the largest contributors and detractors, and a hold, trim, add or sell with a reason for each name.
  3. Request the certificate in the portal. The Sophron® team reads your memo and signs it off, or tells you what to fix.

As Portfolio Manager on the Analyst Program you hand in nothing extra: pass every lesson, have your Portfolio Update Report signed off and meet the cycle’s attendance and pitch criteria, then request the certificate.

Get access

One membership, every module

The module comes with the Sophron® Passport and with AIC Premium, together with the Analyst Program and every other module.

The Sophron® Passport

€25 a year

The Analyst Program, the Quant Program once you are selected, five modules with their own certificate and badge (more to come), and the Options Course at the member price. Cancel any time.

See the Passport

AIC Premium

€15 a year

The same access for students, through the Amsterdam Investment Club.

AIC Premium

Already have access? Open Portfolio Management in the portal.