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Financial Advantage Portfolio holdings

AUM $65.2M
1-Year Est. Return 14.55%
This Fund
S&P 500
This Quarter Est. Return
+0.54%
1 Year Est. Return
+14.55%
3 Year Est. Return
+24.33%
5 Year Est. Return
+44.26%
10 Year Est. Return
+126.02%
AUM
$103M
AUM Growth
-$15.6M
Cap. Flow
-$15.4M
Cap. Flow %
-15.05%
Top 10 Hldgs %
61.83%
Holding
240
New
6
Increased
4
Reduced
53
Closed
107

Top Buys

Rank Stock Value
1
BXMT icon
Blackstone Mortgage Trust
BXMT
+$3.04M
2
VTI icon
Vanguard Total Stock Market ETF
VTI
+$883K
3
SO icon
Southern Company
SO
+$312K
4
VIG icon
Vanguard Dividend Appreciation ETF
VIG
+$59K
5
IVOG icon
Vanguard S&P Mid-Cap 400 Growth ETF
IVOG
+$49.5K

Top Sells

Rank Stock Value
1
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
+$3.47M
2
GLD icon
SPDR Gold Trust
GLD
+$2.36M
3
DVN icon
Devon Energy
DVN
+$2.21M
4
UNH icon
UnitedHealth
UNH
+$972K
5
KMR
KINDER MORGAN MANAGEMENT LLC
KMR
+$769K

Sector Composition

Rank Sector Weight
1 Financials 12.49%
2 Energy 11.6%
3 Communication Services 9.63%
4 Real Estate 7.47%
5 Healthcare 7.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ERIE icon
151
Erie Indemnity
ERIE
$11.7B
– –
-103
Closed -$8K
EXC icon
152
Exelon
EXC
$48.6B
– –
-365
Closed -$7K
FCX icon
153
Freeport-McMoran
FCX
$90B
– –
-300
Closed -$11K
FDX icon
154
FedEx
FDX
$74.5B
– –
-100
Closed -$14K
FE icon
155
FirstEnergy
FE
$28.9B
– –
-300
Closed -$10K
FNF icon
156
Fidelity National Financial
FNF
$13.9B
– –
-1,226
Closed -$23K
FNV icon
157
Franco-Nevada
FNV
$41.4B
– –
-275
Closed -$11K
GLW icon
158
Corning
GLW
$126B
– –
-1,400
Closed -$25K
GSK icon
159
GSK
GSK
$103B
– –
-16
Closed -$1K
GVI icon
160
iShares Intermediate Government/Credit Bond ETF
GVI
$3.72B
– –
-630
Closed -$69K
IWN icon
161
iShares Russell 2000 Value ETF
IWN
$14.4B
– –
-66
Closed -$7K
IWO icon
162
iShares Russell 2000 Growth ETF
IWO
$14.5B
– –
-49
Closed -$7K
IWP icon
163
iShares Russell Mid-Cap Growth ETF
IWP
$20B
– –
-358
Closed -$15K
JNK icon
164
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.24B
– –
-66
Closed -$8K
JPC icon
165
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
– –
-91
Closed -$1K
JPM icon
166
JPMorgan Chase
JPM
$939B
– –
-100
Closed -$6K
K
167
DELISTED
Kellanova
K
– –
-320
Closed -$18K
MIDD icon
168
Middleby
MIDD
$6.05B
– –
-75
Closed -$6K
MKL icon
169
Markel Group
MKL
$25B
– –
-12
Closed -$7K
NFLX icon
170
Netflix
NFLX
$292B
– –
-7,000
Closed -$37K
NGD
171
DELISTED
New Gold Inc
NGD
– –
-400
Closed -$2K
NKE icon
172
Nike
NKE
$61.9B
– –
-160
Closed -$6K
NVRI icon
173
Enviri
NVRI
$621M
– –
-400
Closed -$11K
NWBI icon
174
Northwest Bancshares
NWBI
$2.25B
– –
-3,937
Closed -$58K
PARA
175
DELISTED
Paramount Global Class B
PARA
– –
-193
Closed -$12K
5 6
7
8 9

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LCM
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ACM
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GIM
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AM
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CCM
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CFAM
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IVMX
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Financial Advantage's Q1 2014 Portfolio in Review

As of Q1 2014, Financial Advantage held 240 positions worth $103M, down 13% from $118M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Financial Advantage withdrew a net $15.4M in Q1 2014, closing 107 positions and reducing 53 holdings. Its most notable exit was Devon Energy, an estimated $2.21M position sold in full.

By sector, the portfolio is most concentrated in Financials at 12% of assets, up from 12% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Financial Advantage opened a new position in Blackstone Mortgage Trust worth $3.08M.

  • Financial Advantage's largest Q1 2014 buy was Blackstone Mortgage Trust: 107,179 shares worth $3.08M.
  • Financial Advantage added most to Southern Company in Q1 2014, an estimated $312K increase.
  • Financial Advantage's biggest Q1 2014 reduction was PLUM CREEK TIMBER CO (REIT), cutting an estimated $3.47M.
  • Financial Advantage fully exited Devon Energy in Q1 2014, selling an estimated $2.21M.
  • Financial Advantage's ten largest holdings make up 62% of its $103M portfolio in Q1 2014.
  • Financial Advantage opened 6 new positions and closed 107 in Q1 2014.
  • Financial Advantage's portfolio value fell 13% quarter-over-quarter to $103M.

Based on Financial Advantage's 13F filing for Q1 2014, filed 9 May 2014.