First Allied Asset Management Portfolio holdings

First Allied Asset Management's Q4 2014 Portfolio in Review

As of Q4 2014, First Allied Asset Management held 250 positions worth $718M, down 3.4% from $744M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

First Allied Asset Management withdrew a net $48.2M in Q4 2014, closing 69 positions and reducing 88 holdings. Its most notable exit was WisdomTree Emerging Markets Local Debt Fund, an estimated $11.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 9.6% of assets, up from 9.1% a quarter earlier, followed by Financials and Industrials.

Against the trend, First Allied Asset Management opened a new position in iShares Core US Aggregate Bond ETF worth $10.5M.

• First Allied Asset Management's largest Q4 2014 buy was iShares Core US Aggregate Bond ETF: 94,955 shares worth $10.5M.
• First Allied Asset Management added most to iShares S&P 100 ETF in Q4 2014, an estimated $10.8M increase.
• First Allied Asset Management's biggest Q4 2014 reduction was SPDR Gold Trust, cutting an estimated $7.89M.
• First Allied Asset Management fully exited WisdomTree Emerging Markets Local Debt Fund in Q4 2014, selling an estimated $11.3M.
• First Allied Asset Management's ten largest holdings make up 20% of its $718M portfolio in Q4 2014.
• First Allied Asset Management opened 35 new positions and closed 69 in Q4 2014.
• First Allied Asset Management's portfolio value fell 3.4% quarter-over-quarter to $718M.

Based on First Allied Asset Management's 13F filing for Q4 2014, filed 9 Feb 2015.