The first portfolio included: Armour Residential ( ARR), LinnCo ( LNCO), Nordic American Tanker ( NAT), Banco Santander ( SAN) and Vodaphone ( VOD). Cramer said this portfolio was "perfection" when it comes to diversification. The second portfolio's top holdings included: Ford ( F), Dana Holding ( DAN), Smith & Wesson ( SWHC), Alcoa ( AA) and KeyCorp ( KEY). Cramer advised selling Dana and adding a drug company to properly diversify this portfolio. The third portfolio had: Chicago Bridge & Iron ( CBI), Eaton ( ETN), HollyFrontier ( HFC), Penske Automotive ( PAG) and Westport Innovations ( WPRT) as its top five stocks. Cramer said he'd allow Westport and Penske in the same portfolio assuming Westport is considered a speculative stock.