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Capital Advantage Portfolio holdings

AUM $820M
1-Year Est. Return 20.6%
This Fund
S&P 500
This Quarter Est. Return
-8.54%
1 Year Est. Return
+20.6%
3 Year Est. Return
+44.41%
5 Year Est. Return
+43.97%
10 Year Est. Return
AUM
$264M
AUM Growth
-$171M
Cap. Flow
-$145M
Cap. Flow %
-54.97%
Top 10 Hldgs %
78.28%
Holding
89
New
7
Increased
28
Reduced
29
Closed
17
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow
FFWM
76
DELISTED
First Foundation Inc
FFWM
-10,089
Closed -$158K
KMI icon
77
Kinder Morgan
KMI
$70.3B
-8,036
Closed -$142K
MCK icon
78
McKesson
MCK
$104B
-3,057
Closed -$406K
PSX icon
79
Phillips 66
PSX
$97.4B
-2,307
Closed -$260K
UNP icon
80
Union Pacific
UNP
$183B
-1,262
Closed -$205K
VEA icon
81
Vanguard FTSE Developed Markets ETF
VEA
$238B
-5,266
Closed -$228K
VNE
82
DELISTED
Veoneer, Inc.
VNE
-8,377
Closed -$461K
BSJK
83
DELISTED
Invesco BulletShares 2020 High Yield Corporate Bond ETF
BSJK
-9,897
Closed -$241K
BSJJ
84
DELISTED
Invesco BulletShares 2019 High Yield Corporate Bond ETF
BSJJ
-2,001,394
Closed -$48.6M
BSCJ
85
DELISTED
Invesco BulletShares 2019 Corporate Bond ETF
BSCJ
-2,531,531
Closed -$53.4M
BSJI
86
DELISTED
Invesco BulletShares 2018 High Yield Corporate Bond ETF
BSJI
-1,880,139
Closed -$47.2M
SI
87
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
-5,087
Closed -$325K
BSCK
88
DELISTED
Invesco BulletShares 2020 Corporate Bond ETF
BSCK
-8,374
Closed -$177K

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Capital Advantage's Q4 2018 Portfolio in Review

As of Q4 2018, Capital Advantage held 89 positions worth $264M, down 39% from $435M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Capital Advantage withdrew a net $145M in Q4 2018, closing 17 positions and reducing 29 holdings. Its most notable exit was Invesco BulletShares 2019 Corporate Bond ETF, an estimated $53.4M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 88% of assets, down from 91% a quarter earlier, followed by Technology and Financials.

Against the trend, Capital Advantage opened a new position in iShares Core MSCI Pacific ETF worth $1.55M.

  • Capital Advantage's largest Q4 2018 buy was iShares Core MSCI Pacific ETF: 30,671 shares worth $1.55M.
  • Capital Advantage added most to State Street SPDR Bloomberg Investment Grade Floating Rate ETF in Q4 2018, an estimated $5.36M increase.
  • Capital Advantage's biggest Q4 2018 reduction was iShares Core MSCI EAFE ETF, cutting an estimated $2.54M.
  • Capital Advantage fully exited Invesco BulletShares 2019 Corporate Bond ETF in Q4 2018, selling an estimated $53.4M.
  • Capital Advantage's ten largest holdings make up 78% of its $264M portfolio in Q4 2018.
  • Capital Advantage opened 7 new positions and closed 17 in Q4 2018.
  • Capital Advantage's portfolio value fell 39% quarter-over-quarter to $264M.

Based on Capital Advantage's 13F filing for Q4 2018, filed 7 Feb 2019.