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Bach Option Portfolio holdings
AUM
$236M
1-Year Est. Return
21.45%
This Fund
S&P 500
This Quarter
Est. Return
-2.31%
1 Year Est. Return
+21.45%
3 Year Est. Return
+30.59%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$249M
AUM Growth
-$69.7M
(-22%)
Cap. Flow
-$72.9M
Cap. Flow
% of AUM
-29.21%
Top 10 Holdings %
Top 10 Hldgs %
73.4%
Holding
99
New
21
Increased
12
Reduced
19
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$2.44M |
| 2 |
Netflix
NFLX
|
+$763K |
| 3 |
Amazon
AMZN
|
+$575K |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$510K |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$495K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$17M |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$912K |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$655K |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$651K |
| 5 |
UnitedHealth
UNH
|
+$358K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 0.41% |
| 2 | Consumer Discretionary | 0.37% |
| 3 | Technology | 0.17% |
| 4 | Industrials | 0.09% |
| 5 | Healthcare | 0.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $59.5M | 23.85% |
200,000
-49,600
| -20% | -$14.7M |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $35.4M | 14.19% |
119,000
-157,600
| -57% | -$46.6M |
|
|
3
CALL
SPDR Gold Trust
GLD
$131B
| $23.7M | 9.51% |
170,900
+25,000
| +17% | +$3.48M |
|
|
4
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $18.8M | 7.53% |
131,300
+37,500
| +40% | +$5.21M |
|
|
5
PUT
SPDR Gold Trust
GLD
$131B
| $13.2M | 5.3% |
95,300
+40,300
| +73% | +$5.6M |
|
6
CALL
Invesco QQQ Trust
QQQ
$453B
| $8.23M | 3.3% |
43,500
-6,500
| -13% | -$1.23M |
|
7
CALL
iShares Silver Trust
SLV
$28B
| $7.8M | 3.13% |
490,100
+273,000
| +126% | +$4.34M |
|
|
8
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $6.87M | 2.75% |
78,800
-30,100
| -28% | -$2.61M |
|
|
9
PUT
Invesco QQQ Trust
QQQ
$453B
| $5.3M | 2.12% |
+28,000
| New | +$5.31M |
|
10
PUT
Apple
AAPL
$4.54T
| $4.25M | 1.71% |
76,000
+4,000
| +6% | +$209K |
|
11
CALL
iShares MSCI Emerging Markets ETF
EEM
$28.8B
| $4.21M | 1.69% |
102,800
-57,800
| -36% | -$2.39M |
|
12
CALL
VanEck Gold Miners ETF
GDX
$22.7B
| $3.21M | 1.28% |
120,000
-12,500
| -9% | -$350K |
|
13
PUT
Microsoft
MSFT
$3.45T
| $3.13M | 1.25% |
22,500
| – | – |
|
|
14
CALL
Microsoft
MSFT
$3.45T
| $2.78M | 1.11% |
20,000
| – | – |
|
15
PUT
Adobe
ADBE
$99.5B
| $2.76M | 1.11% |
10,000
| – | – |
|
16
PUT
Salesforce
CRM
$151B
| $2.75M | 1.1% |
+18,500
| New | +$2.81M |
|
|
17
CALL
iShares Russell 2000 ETF
IWM
$79.8B
| $2.65M | 1.06% |
+17,500
| New | +$2.67M |
|
|
18
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $2.55M | 1.02% |
17,800
-16,000
| -47% | -$2.22M |
|
|
19
SPDR Gold Trust
GLD
$131B
| $2.44M | 0.98% |
+17,574
| New | +$2.44M |
|
|
20
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.8B
| $2.4M | 0.96% |
58,800
-1,200
| -2% | -$49.5K |
|
|
21
PUT
Netflix
NFLX
$299B
| $2.27M | 0.91% |
85,000
-20,000
| -19% | -$626K |
|
|
22
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $1.96M | 0.79% |
6,603
-57,444
| -90% | -$17M |
|
|
23
PUT
iShares China Large-Cap ETF
FXI
$4.37B
| $1.68M | 0.67% |
42,100
+2,900
| +7% | +$118K |
|
24
CALL
PPG Industries
PPG
$24.6B
| $1.52M | 0.61% |
12,800
| – | – |
|
|
25
PUT
iShares Russell 2000 ETF
IWM
$79.8B
| $1.52M | 0.61% |
10,000
| – | – |
|
Similar funds
QCM
AEPI
AC
CC
LA
JFM
SHA
GCA
Bach Option's Q3 2019 Portfolio in Review
As of Q3 2019, Bach Option held 99 positions worth $249M, down 22% from $319M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Bach Option withdrew a net $72.9M in Q3 2019, closing 32 positions and reducing 19 holdings. Its most notable exit was iShares MSCI EAFE ETF, an estimated $912K position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 0.41% of assets, up from 0.19% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Bach Option opened a new position in SPDR Gold Trust worth $2.44M.
- Bach Option's largest Q3 2019 buy was SPDR Gold Trust: 17,574 shares worth $2.44M.
- Bach Option added most to Baidu in Q3 2019, an estimated $79.3K increase.
- Bach Option's biggest Q3 2019 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $17M.
- Bach Option fully exited iShares MSCI EAFE ETF in Q3 2019, selling an estimated $912K.
- Bach Option's ten largest holdings make up 73% of its $249M portfolio in Q3 2019.
- Bach Option opened 21 new positions and closed 32 in Q3 2019.
- Bach Option's portfolio value fell 22% quarter-over-quarter to $249M.
Based on Bach Option's 13F filing for Q3 2019, filed 29 Oct 2019.