Portfolios

A portfolio in Portfolio Manager is a named view that combines one or more accounts. Because an account can belong to more than one portfolio, you can slice your investments any way you like — pension vs. taxable, domestic vs. international, or any other dimension that matters to you.

The Portfolios list

The Portfolios page shows all your portfolios in a sortable grid. Each row shows the portfolio name, creation date, and last modified date. If a portfolio is being recalculated, a Recalculating… label appears next to its name. You can filter by name using the search bar at the top.

From this page you can:

• Open a portfolio — click its name to go to the detail view.
• Add a portfolio — click the Add Portfolio button to open the edit form on the right.
• Edit a portfolio — right-click a row and choose Edit to change the name or the set of accounts.
• Copy a portfolio — right-click and choose Copy to duplicate a portfolio under a new name.
• Delete a portfolio — right-click and choose Delete. You can select multiple portfolios for a batch delete.
• Reset a portfolio — right-click and choose Reset to clear all calculated data and start fresh. Use this after adding or removing accounts so that the holdings and history are recalculated correctly.

The portfolio detail view

The detail view for a portfolio is where you spend most of your time. It shows your current holdings, grouped and arranged however you have configured them, along with gain/loss figures, valuations, and rebalancing guidance.

Automatic recalculation

Whenever you import new transactions, Portfolio Manager automatically recalculates the affected portfolios in the background. While a recalculation is in progress, a Recalculating… label is shown next to the portfolio name — both in the list and in the detail view. You can monitor background tasks in the Tasks view.

If a portfolio is not recalculated automatically (for example, after adding or removing accounts), right-click the portfolio in the list and choose Reset to trigger a full recalculation.

Filtering and as-of date

• Search — type in the search bar to filter the assets shown in the grid.
• Date picker — select a date to see your portfolio as it looked on that day. Leave it empty to see the current state.

Asset groups

Grouping your assets makes the portfolio easier to read and unlocks the rebalancing workflow.

Creating groups

1. Select one or more assets in the grid (click to select; hold Ctrl or Shift to select multiple).
2. Right-click the selection and choose Move to group.
3. Pick an existing group from the list, or type a new name to create one on the fly.

Reordering assets and groups

Once you have groups, you can drag-and-drop assets between groups or change their order within a group. You can also drag groups themselves to change their relative position.

Setting rebalancing weights

Each group can be assigned a target allocation weight. When a weight is set, the portfolio detail view shows how much of each asset you need to buy or sell to reach that target.

To set a weight, right-click the group header row and enter the desired percentage.

Setting a rebalancing tolerance

A tolerance band tells Portfolio Manager how far a group’s actual allocation is allowed to drift from its target before you are notified. To set one:

1. Right-click the perspective tab and choose Edit.
2. Enter a tolerance percentage in the Rebalancing tolerance field and, if needed, a Min. tolerance floor (pp) value, then save.

Once a tolerance is set on a perspective, Portfolio Manager checks all groups daily and sends an alert email if any group drifts outside the band. A new alert is sent only when a new breach is detected.

For full details on how the floor works, per-group overrides, deviation display, and the %/pp distinction, see Rebalancing tolerance and deviation below.

Rebalancing tolerance and deviation

How the tolerance band is calculated

The effective band for a group is whichever is wider: the perspective’s relative tolerance applied to the group’s target allocation, or the perspective’s Min. tolerance floor (pp). The floor defaults to 1.0 pp (percentage points) and can be changed in the perspective’s Edit dialog.

For example: a 60 % target at 15 % relative tolerance produces a ±9 pp band — the 1 pp floor has no effect. A 2 % target at 15 % relative tolerance would produce only ±0.3 pp, so the 1 pp floor takes over and the band becomes ±1 pp.

Zero-target groups

A group with a 0 % target (for example, a cash group you want emptied) cannot use a relative tolerance — the calculation is undefined at zero. These groups are always covered by the floor, so a 0 %-target group with the default settings breaches when it drifts more than 1 pp above zero.

Per-group override (pure replacement)

Each group can override the perspective tolerance with its own value. Right-click the group row and choose Edit, then enter an override value and use the toggle to switch between % (relative) and pp (percentage points).

The override is a pure replacement: it fully replaces the perspective tolerance and the floor for that group. The floor does not apply to groups with an override.

How deviation is displayed

Deviation is shown in the unit that is meaningful for each group:

• Most groups show a relative % — how far the actual allocation is from the target, as a fraction of the target. A 60 % target at 72 % actual shows +20.5 %.
• Zero-target groups show deviation in percentage points (e.g. +4.8 pp) — relative % is undefined here.
• Groups with a percentage-points override also show deviation in pp.

In the Off balance grid column, each cell carries its unit (% or pp). When a column contains a mix of both units, the column sub-header reads pct/pp. The same unit labelling is used in the weekly status email and tolerance-breach alert emails.

Perspectives

A perspective is a named configuration that defines how your assets are grouped in the portfolio view. You can have as many perspectives as you like, and each one can use completely different groupings.

Common uses for multiple perspectives

Perspective	Groupings
Asset class	Equities, Bonds, Real estate, Commodities
Geography	North America, Europe, Emerging markets
Sector	Technology, Healthcare, Financials, …
Tax treatment	Capital-gains taxed, Mark-to-market taxed

Managing perspectives

Perspectives appear as tabs above the holdings grid.

• Add a perspective — click the + button to the right of the existing tabs.
• Rename / Copy / Delete — right-click a tab and select the action from the context menu. Delete is only available when you have more than one perspective.
• Reorder — drag tabs left or right to change their order.

Instrument details

Click on any asset in the grid to open a detail panel on the right. The panel shows:

• Full instrument name and identifier
• Current quantity and value
• Average cost basis per unit
• Unrealised gain/loss (amount and percentage)
• Tax lot information

Column configuration

The Column configuration panel on the right side of the portfolio detail view controls which columns are visible and in what order they appear. Your chosen configuration is saved per portfolio per user, so different users can have different column layouts for the same portfolio.

Switching between configurations

Use the dropdown at the top of the panel to pick a saved configuration. Three built-in configurations are always available:

Configuration	What it shows
All	Every available column
Tax	GAK, Tax bucket, Tax estimate
Rebalancing	Rebalancing, Balanced DKK value, Off-balance

Editing a configuration

Click the pencil icon in the panel header to enter edit mode. In edit mode you can:

• Show or hide columns — tick or untick the checkbox next to each column.
• Toggle a whole group — tick or untick the Tax or Rebalancing group header to show or hide all columns in that group at once. The group checkbox shows a dash (—) when only some of its columns are ticked.
• Reorder columns — drag any row by its ⠿ handle. Drop it onto another column to place it immediately after that column. Drop it onto a group header (Tax or Rebalancing) to insert it at the start of that group.
• Reorder groups — drag a group header to move the entire group and its members to a new position.

Saving and managing configurations

• Save — saves the current column selection and order, overwriting the active configuration.
• Save as… — creates a new named configuration without changing the current one.
• Cancel — discards any unsaved changes and returns to display mode.
• Delete — removes a custom configuration. The built-in configurations (All, Tax, Rebalancing) cannot be deleted.