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CWM
Cadence Wealth Management Portfolio holdings
AUM
$240M
1-Year Est. Return
38.81%
This Fund
S&P 500
This Quarter
Est. Return
+4.74%
1 Year Est. Return
+38.81%
3 Year Est. Return
+63.59%
5 Year Est. Return
+65.46%
10 Year Est. Return
–
AUM
$98.2M
AUM Growth
-$18.4M
(-16%)
Cap. Flow
-$22.8M
Cap. Flow
% of AUM
-23.2%
Top 10 Holdings %
Top 10 Hldgs %
93.19%
Holding
37
New
11
Increased
12
Reduced
5
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Silver Trust
SLV
|
+$5.72M |
| 2 |
SPDR Gold Trust
GLD
|
+$2.7M |
| 3 |
Rio Tinto
RIO
|
+$463K |
| 4 |
Newmont
NEM
|
+$389K |
| 5 |
Boston Scientific
BSX
|
+$278K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$17.7M |
| 2 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$11.9M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$4.02M |
| 4 |
Tompkins Financial
TMP
|
+$662K |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$264K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 3.45% |
| 2 | Financials | 1.21% |
| 3 | Technology | 0.9% |
| 4 | Healthcare | 0.65% |
| 5 | Energy | 0.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Southern Copper
SCCO
$143B
| $242K | 0.25% |
+3,421
| New | +$232K |
|
27
B2Gold
BTG
$5B
| $241K | 0.25% |
61,102
+26,968
| +79% | +$100K |
|
28
Eversource Energy
ES
$26.9B
| $238K | 0.24% |
3,042
| – | – |
|
|
PXD
29
DELISTED
Pioneer Natural Resource Co.
PXD
| $237K | 0.24% |
+1,160
| New | +$249K |
|
30
Steel Dynamics
STLD
$36B
| $221K | 0.22% |
+1,952
| New | +$227K |
|
|
FSCO
31
FS Credit Opportunities Corp
FSCO
$1B
| $50.9K | 0.05% |
+11,470
| New | +$53.4K |
|
|
32
VanEck Gold Miners ETF
GDX
$22.7B
| – | – |
-617,285
| Closed | -$17.7M |
|
|
33
VanEck Junior Gold Miners ETF
GDXJ
$6.89B
| – | – |
-333,401
| Closed | -$11.9M |
|
34
Gold Fields
GFI
$29B
| – | – |
-11,941
| Closed | -$124K |
|
35
IBM
IBM
$211B
| – | – |
-1,586
| Closed | -$223K |
|
36
Royce Value Trust
RVT
$2.21B
| – | – |
-12,182
| Closed | -$162K |
|
|
37
State Street Technology Select Sector SPDR ETF
XLK
$115B
| – | – |
-4,250
| Closed | -$264K |
|
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CIA
Cadence Wealth Management's Q1 2023 Portfolio in Review
As of Q1 2023, Cadence Wealth Management held 37 positions worth $98.2M, down 16% from $117M the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Cadence Wealth Management withdrew a net $22.8M in Q1 2023, closing 6 positions and reducing 5 holdings. Its most notable exit was VanEck Gold Miners ETF, an estimated $17.7M position sold in full.
By sector, the portfolio is most concentrated in Materials at 3.5% of assets, up from 1% a quarter earlier, followed by Financials and Technology.
Against the trend, Cadence Wealth Management opened a new position in Rio Tinto worth $437K.
- Cadence Wealth Management's largest Q1 2023 buy was Rio Tinto: 6,377 shares worth $437K.
- Cadence Wealth Management added most to iShares Silver Trust in Q1 2023, an estimated $5.72M increase.
- Cadence Wealth Management's biggest Q1 2023 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $4.02M.
- Cadence Wealth Management fully exited VanEck Gold Miners ETF in Q1 2023, selling an estimated $17.7M.
- Cadence Wealth Management's ten largest holdings make up 93% of its $98.2M portfolio in Q1 2023.
- Cadence Wealth Management opened 11 new positions and closed 6 in Q1 2023.
- Cadence Wealth Management's portfolio value fell 16% quarter-over-quarter to $98.2M.
Based on Cadence Wealth Management's 13F filing for Q1 2023, filed 4 May 2023.