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CFN
Cordasco Financial Network Portfolio holdings
AUM
$138M
1-Year Est. Return
10.5%
This Fund
S&P 500
This Quarter
Est. Return
+3.14%
1 Year Est. Return
-10.5%
3 Year Est. Return
+31.12%
5 Year Est. Return
+56.05%
10 Year Est. Return
–
AUM
$125M
AUM Growth
-$10.6M
(-7.8%)
Cap. Flow
-$14.3M
Cap. Flow
% of AUM
-11.47%
Top 10 Holdings %
Top 10 Hldgs %
28.48%
Holding
320
New
44
Increased
27
Reduced
88
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Pure Growth ETF
RPG
|
+$4.16M |
| 2 |
BXMX
Nuveen S&P 500 Buy-Write Income Fund
BXMX
|
+$2.67M |
| 3 |
Kayne Anderson Energy Infrastructure Fund
KYN
|
+$1.91M |
| 4 |
Royce Value Trust
RVT
|
+$1.75M |
| 5 |
Vanguard Morningstar Mid-Cap Value ETF
VOE
|
+$1.43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alerian MLP ETF
AMLP
|
+$3.09M |
| 2 |
National Grid
NGG
|
+$1.48M |
| 3 |
PPL
PPL Corp
PPL
|
+$1.41M |
| 4 |
FPF
First Trust Intermediate Duration Preferred & Income Fund
FPF
|
+$1.16M |
| 5 |
Lockheed Martin
LMT
|
+$1.13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 13.55% |
| 2 | Utilities | 8.64% |
| 3 | Healthcare | 6.67% |
| 4 | Financials | 5.86% |
| 5 | Real Estate | 5.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BXMX
1
DELISTED
Nuveen S&P 500 Buy-Write Income Fund
BXMX
| $5.49M | 4.4% |
434,079
+213,800
| +97% | +$2.67M |
|
|
2
Invesco S&P 500 Pure Growth ETF
RPG
$2B
| $5.09M | 4.09% |
347,880
+287,290
| +474% | +$4.16M |
|
|
3
Royce Value Trust
RVT
$2.2B
| $4M | 3.2% |
254,113
+111,834
| +79% | +$1.75M |
|
|
4
Lockheed Martin
LMT
$132B
| $3.68M | 2.95% |
22,542
-7,198
| -24% | -$1.13M |
|
5
Merck
MRK
$321B
| $3.07M | 2.46% |
56,693
-13,700
| -19% | -$709K |
|
6
Microchip Technology
MCHP
$40.7B
| $2.97M | 2.38% |
124,534
-35,268
| -22% | -$805K |
|
|
LO
7
DELISTED
LORILLARD INC COM STK
LO
| $2.83M | 2.27% |
52,344
-14,232
| -21% | -$715K |
|
8
Eli Lilly
LLY
$1.03T
| $2.81M | 2.25% |
47,766
-10,978
| -19% | -$613K |
|
9
Plains All American Pipeline
PAA
$17.5B
| $2.81M | 2.25% |
50,912
-13,201
| -21% | -$693K |
|
10
Enterprise Products Partners
EPD
$82.5B
| $2.77M | 2.22% |
79,994
-21,720
| -21% | -$720K |
|
|
PPL
11
PPL Corp
PPL
$26.8B
| $2.69M | 2.16% |
87,081
-48,653
| -36% | -$1.41M |
|
12
Altria Group
MO
$113B
| $2.59M | 2.08% |
69,272
-17,823
| -20% | -$648K |
|
13
Dominion Energy
D
$61.3B
| $2.53M | 2.03% |
35,667
-10,302
| -22% | -$704K |
|
14
Darden Restaurants
DRI
$23.7B
| $2.52M | 2.02% |
55,546
-14,742
| -21% | -$659K |
|
15
iShares TIPS Bond ETF
TIP
$14.5B
| $2.4M | 1.92% |
21,402
-6,833
| -24% | -$764K |
|
16
Chevron
CVX
$383B
| $2.32M | 1.86% |
19,491
-4,679
| -19% | -$544K |
|
|
ETP
17
DELISTED
Energy Transfer Partners L.p.
ETP
| $2.32M | 1.86% |
43,083
-11,606
| -21% | -$629K |
|
18
American Electric Power
AEP
$69.5B
| $2.19M | 1.76% |
43,277
-8,642
| -17% | -$420K |
|
19
BCE
BCE
$20.2B
| $2.17M | 1.74% |
50,295
-12,650
| -20% | -$538K |
|
20
Scotiabank
BNS
$107B
| $2.12M | 1.7% |
39,225
-11,150
| -22% | -$597K |
|
21
NNN REIT
NNN
$9.16B
| $2.07M | 1.66% |
60,320
-16,887
| -22% | -$563K |
|
|
22
National Grid
NGG
$80.8B
| $2.06M | 1.65% |
31,114
-22,994
| -42% | -$1.48M |
|
|
RDS.B
23
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $1.99M | 1.6% |
25,531
-6,455
| -20% | -$490K |
|
24
Bank of Montreal
BMO
$125B
| $1.97M | 1.58% |
29,344
-8,581
| -23% | -$557K |
|
25
HSBC
HSBC
$367B
| $1.92M | 1.54% |
43,754
-8,732
| -17% | -$396K |
|
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Cordasco Financial Network's Q1 2014 Portfolio in Review
As of Q1 2014, Cordasco Financial Network held 320 positions worth $125M, down 7.8% from $135M the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Cordasco Financial Network withdrew a net $14.3M in Q1 2014, closing 24 positions and reducing 88 holdings. Its most notable exit was Alerian MLP ETF, an estimated $3.09M position sold in full.
By sector, the portfolio is most concentrated in Energy at 14% of assets, down from 15% a quarter earlier, followed by Utilities and Healthcare.
Against the trend, Cordasco Financial Network opened a new position in Kayne Anderson Energy Infrastructure Fund worth $1.88M.
- Cordasco Financial Network's largest Q1 2014 buy was Kayne Anderson Energy Infrastructure Fund: 51,281 shares worth $1.88M.
- Cordasco Financial Network added most to Invesco S&P 500 Pure Growth ETF in Q1 2014, an estimated $4.16M increase.
- Cordasco Financial Network's biggest Q1 2014 reduction was National Grid, cutting an estimated $1.48M.
- Cordasco Financial Network fully exited Alerian MLP ETF in Q1 2014, selling an estimated $3.09M.
- Cordasco Financial Network's ten largest holdings make up 28% of its $125M portfolio in Q1 2014.
- Cordasco Financial Network opened 44 new positions and closed 24 in Q1 2014.
- Cordasco Financial Network's portfolio value fell 7.8% quarter-over-quarter to $125M.
Based on Cordasco Financial Network's 13F filing for Q1 2014, filed 13 May 2014.