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FAM

Forty4 Asset Management Portfolio holdings

AUM $29.6M
1-Year Est. Return 5.85%
This Fund
S&P 500
This Quarter Est. Return
-6.9%
1 Year Est. Return
-5.85%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$125M
AUM Growth
-$188M
Cap. Flow
-$167M
Cap. Flow %
-133.76%
Top 10 Hldgs %
87.23%
Holding
232
New
41
Increased
11
Reduced
24
Closed
151

Top Buys

Rank Stock Value
1
ONIT
Onity Group
ONIT
+$11M
2
ANR
Alpha Natural Resources Inc
ANR
+$8.88M
3
WLT
WALTER ENERGY INC COM STK (DE)
WLT
+$6.92M
4
ACI
ARCH COAL, INC.
ACI
+$2.78M
5
MS icon
Morgan Stanley
MS
+$1.97M

Top Sells

Rank Stock Value
1
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$29.6M
2
CEF icon
Sprott Physical Gold and Silver Trust
CEF
+$26.4M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$21.3M
4
GTU
CENTRAL GOLD TR (CANADA)
GTU
+$18.8M
5
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$13.8M

Sector Composition

Rank Sector Weight
1 Financials 10.87%
2 Energy 10.59%
3 Consumer Discretionary 0.9%
4 Communication Services 0.28%
5 Industrials 0.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ERF
76
PUT
DELISTED
Enerplus Corporation
ERF
$2K ﹤0.01%
40,295
-5,641
-12% -$105K
AUY
77
PUT
DELISTED
Yamana Gold, Inc.
AUY
$2K ﹤0.01%
29,000
-11,200
-28% -$108K
AA icon
78
PUT
Alcoa
AA
$12.5B
$1K ﹤0.01%
46,151
-456,928
-91% -$12.7M
KSS icon
79
PUT
Kohl's
KSS
$2.09B
$1K ﹤0.01%
10,800
-28,300
-72% -$1.52M
RIG icon
80
CALL
Transocean
RIG
$5.71B
$1K ﹤0.01%
38,100
-1,900
-5% -$82.6K
AAPL icon
81
Apple
AAPL
$4.56T
– –
-237,300
Closed -$4.75M
AAPL icon
82
PUT
Apple
AAPL
$4.56T
– –
-915,600
Closed -$311K
AEM icon
83
CALL
Agnico Eagle Mines
AEM
$85B
– –
-14,200
Closed -$19K
AEM icon
84
Agnico Eagle Mines
AEM
$85B
– –
-9,900
Closed -$261K
AEM icon
85
PUT
Agnico Eagle Mines
AEM
$85B
– –
-45,700
Closed -$53K
AGNC icon
86
CALL
AGNC Investment
AGNC
$12.6B
– –
-10,900
Closed -$7K
AGNC icon
87
AGNC Investment
AGNC
$12.6B
– –
-53,226
Closed -$1.03M
AGNC icon
88
PUT
AGNC Investment
AGNC
$12.6B
– –
-80,800
Closed -$100K
AMAT icon
89
CALL
Applied Materials
AMAT
$419B
– –
-77,500
Closed -$16K
AMAT icon
90
Applied Materials
AMAT
$419B
– –
-25,921
Closed -$458K
AMAT icon
91
PUT
Applied Materials
AMAT
$419B
– –
-75,000
Closed -$40K
BAC icon
92
CALL
Bank of America
BAC
$441B
– –
-233,300
Closed -$260K
BAC icon
93
PUT
Bank of America
BAC
$441B
– –
-633,300
Closed -$3K
BAX icon
94
CALL
Baxter International
BAX
$14B
– –
-35,163
Closed -$11K
BAX icon
95
PUT
Baxter International
BAX
$14B
– –
-46,209
Closed -$2K
BCS icon
96
Barclays
BCS
$95B
– –
-21,381
Closed -$359K
BCS icon
97
PUT
Barclays
BCS
$95B
– –
-120,060
Closed -$13K
BCX icon
98
BlackRock Resources & Commodities Strategy Trust
BCX
$917M
– –
-21,700
Closed -$252K
BGR icon
99
BlackRock Energy and Resources Trust
BGR
$407M
– –
-14,599
Closed -$355K
C icon
100
Citigroup
C
$224B
– –
-79,500
Closed -$4.14M
2 3
4
5 6

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HM
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EI
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LCM
Levitt Capital Management Boca Raton, Florida $41.8M AUM 36.18% 1-Year Est. Return
GIA
Global Index Advisors Marietta, Georgia $15.8M AUM
SXM
SC X Management Menlo Park, California $8.03M AUM 1.64% 1-Year Est. Return
LFCM
Lane Five Capital Management Towson, Maryland $52.3M AUM 24.73% 1-Year Est. Return
KSC
Kendall Square Capital San Francisco, California $4.92M AUM 2.25% 1-Year Est. Return
TCM
Touradji Capital Management Boca Raton, Florida $2.74M AUM 52.72% 1-Year Est. Return

Forty4 Asset Management's Q1 2014 Portfolio in Review

As of Q1 2014, Forty4 Asset Management held 232 positions worth $125M, down 60% from $313M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Forty4 Asset Management withdrew a net $167M in Q1 2014, closing 151 positions and reducing 24 holdings. Its most notable exit was iShares 20+ Year Treasury Bond ETF, an estimated $29.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 11% of assets, up from 8.6% a quarter earlier, followed by Energy and Consumer Discretionary.

Against the trend, Forty4 Asset Management opened a new position in Onity Group worth $9.99M.

  • Forty4 Asset Management's largest Q1 2014 buy was Onity Group: 17,004 shares worth $9.99M.
  • Forty4 Asset Management added most to Alpha Natural Resources Inc in Q1 2014, an estimated $8.88M increase.
  • Forty4 Asset Management's biggest Q1 2014 reduction was Sprott Physical Gold and Silver Trust, cutting an estimated $26.4M.
  • Forty4 Asset Management fully exited iShares 20+ Year Treasury Bond ETF in Q1 2014, selling an estimated $29.6M.
  • Forty4 Asset Management's ten largest holdings make up 87% of its $125M portfolio in Q1 2014.
  • Forty4 Asset Management opened 41 new positions and closed 151 in Q1 2014.
  • Forty4 Asset Management's portfolio value fell 60% quarter-over-quarter to $125M.

Based on Forty4 Asset Management's 13F filing for Q1 2014, filed 8 May 2014.