Advisors Preferred Portfolio holdings

Advisors Preferred's Q1 2020 Portfolio in Review

As of Q1 2020, Advisors Preferred held 299 positions worth $163M, down 56% from $369M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Advisors Preferred withdrew a net $184M in Q1 2020, closing 177 positions and reducing 30 holdings. Its most notable exit was Invesco KBW Bank ETF, an estimated $32M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 3.5% of assets, up from 0.8% a quarter earlier, followed by Utilities and Consumer Staples.

Against the trend, Advisors Preferred opened a new position in iShares MBS ETF worth $12.8M.

• Advisors Preferred's largest Q1 2020 buy was iShares MBS ETF: 115,839 shares worth $12.8M.
• Advisors Preferred added most to Vanguard Short-Term Bond ETF in Q1 2020, an estimated $14.5M increase.
• Advisors Preferred's biggest Q1 2020 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $43M.
• Advisors Preferred fully exited Invesco KBW Bank ETF in Q1 2020, selling an estimated $32M.
• Advisors Preferred's ten largest holdings make up 49% of its $163M portfolio in Q1 2020.
• Advisors Preferred opened 74 new positions and closed 177 in Q1 2020.
• Advisors Preferred's portfolio value fell 56% quarter-over-quarter to $163M.

Based on Advisors Preferred's 13F filing for Q1 2020, filed 20 Apr 2020.