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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
+4.84%
1 Year Est. Return
-5.85%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$267M
AUM Growth
-$19.1M
(-6.7%)
Cap. Flow
-$40.1M
Cap. Flow
% of AUM
-15.02%
Top 10 Holdings %
Top 10 Hldgs %
59.73%
Holding
551
New
160
Increased
52
Reduced
44
Closed
277
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$11M |
| 2 |
GTU
CENTRAL GOLD TR (CANADA)
GTU
|
+$9.69M |
| 3 |
Citigroup
C
|
+$8.63M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$8.11M |
| 5 |
Sprott Physical Gold and Silver Trust
CEF
|
+$8.07M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$12.9M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$10.8M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$8.32M |
| 4 |
State Street Materials Select Sector SPDR ETF
XLB
|
+$6.99M |
| 5 |
Alcoa
AA
|
+$6.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 61.84% |
| 2 | Financials | 19.64% |
| 3 | Consumer Discretionary | 5.24% |
| 4 | Energy | 4.1% |
| 5 | Healthcare | 3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Sprott Physical Gold and Silver Trust
CEF
$7.94B
| $67.7M | 25.36% |
4,607,507
+541,701
| +13% | +$8.07M |
|
|
GTU
2
DELISTED
CENTRAL GOLD TR (CANADA)
GTU
| $30.4M | 11.38% |
657,993
+205,982
| +46% | +$9.69M |
|
|
3
iShares Russell 2000 ETF
IWM
$81.2B
| $11.4M | 4.25% |
+106,500
| New | +$11M |
|
|
4
Citigroup
C
$231B
| $9.37M | 3.51% |
193,200
+170,700
| +759% | +$8.63M |
|
|
5
VanEck Gold Miners ETF
GDX
$30.7B
| $9.17M | 3.43% |
366,415
+305,115
| +498% | +$8.11M |
|
6
Morgan Stanley
MS
$342B
| $7.58M | 2.84% |
281,200
+177,700
| +172% | +$4.77M |
|
|
RSX
7
DELISTED
VanEck Russia ETF
RSX
| $6.91M | 2.59% |
245,276
+244,876
| +61,219% | +$6.57M |
|
|
JCP
8
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
| $5.86M | 2.19% |
1,218,900
+1,186,700
| +3,685% | +$16.9M |
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $5.54M | 2.07% |
+32,950
| New | +$5.52M |
|
|
JCP
10
DELISTED
J.C. Penney Company, Inc.
JCP
| $4.23M | 1.58% |
480,500
+470,700
| +4,803% | +$6.71M |
|
11
United States Oil Fund
USO
$1.95B
| $3.66M | 1.37% |
12,425
+11,725
| +1,675% | +$3.54M |
|
12
Marathon Petroleum
MPC
$109B
| $3.1M | 1.16% |
96,394
+67,994
| +239% | +$2.39M |
|
13
AbbVie
ABBV
$453B
| $2.81M | 1.05% |
62,714
+46,314
| +282% | +$2.05M |
|
14
Darden Restaurants
DRI
$24.6B
| $2.72M | 1.02% |
65,723
+29,533
| +82% | +$1.28M |
|
15
iShares MSCI Brazil ETF
EWZ
$8.6B
| $2.47M | 0.92% |
51,500
-7,700
| -13% | -$342K |
|
|
ESRX
16
DELISTED
Express Scripts Holding Company
ESRX
| $2.42M | 0.91% |
+39,200
| New | +$2.53M |
|
|
17
PUT
VanEck Gold Miners ETF
GDX
$30.7B
| $2.24M | 0.84% |
687,000
+400,000
| +139% | +$10.6M |
|
18
State Street
STT
$53.4B
| $2.1M | 0.79% |
+32,001
| New | +$2.19M |
|
19
Edwards Lifesciences
EW
$51.8B
| $2.09M | 0.78% |
+179,892
| New | +$2.1M |
|
|
ANR
20
PUT
DELISTED
Alpha Natural Resources Inc
ANR
| $2.06M | 0.77% |
2,276,900
+1,045,900
| +85% | +$6.13M |
|
21
Altria Group
MO
$115B
| $1.97M | 0.74% |
57,398
+33,595
| +141% | +$1.18M |
|
22
Eaton
ETN
$160B
| $1.96M | 0.73% |
28,500
-3,300
| -10% | -$222K |
|
23
Bank of America
BAC
$438B
| $1.6M | 0.6% |
115,800
+84,400
| +269% | +$1.2M |
|
24
BHP
BHP
$230B
| $1.5M | 0.56% |
+26,730
| New | +$1.45M |
|
|
25
PUT
Citigroup
C
$231B
| $1.4M | 0.52% |
+392,800
| New | +$19.9M |
|
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Forty4 Asset Management's Q3 2013 Portfolio in Review
As of Q3 2013, Forty4 Asset Management held 551 positions worth $267M, down 6.7% from $286M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Forty4 Asset Management withdrew a net $40.1M in Q3 2013, closing 277 positions and reducing 44 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $12.9M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 62% of assets, up from 60% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Forty4 Asset Management opened a new position in iShares Russell 2000 ETF worth $11.4M.
- Forty4 Asset Management's largest Q3 2013 buy was iShares Russell 2000 ETF: 106,500 shares worth $11.4M.
- Forty4 Asset Management added most to CENTRAL GOLD TR (CANADA) in Q3 2013, an estimated $9.69M increase.
- Forty4 Asset Management's biggest Q3 2013 reduction was State Street Energy Select Sector SPDR ETF, cutting an estimated $8.32M.
- Forty4 Asset Management fully exited Invesco QQQ Trust in Q3 2013, selling an estimated $12.9M.
- Forty4 Asset Management's ten largest holdings make up 60% of its $267M portfolio in Q3 2013.
- Forty4 Asset Management opened 160 new positions and closed 277 in Q3 2013.
- Forty4 Asset Management's portfolio value fell 6.7% quarter-over-quarter to $267M.
Based on Forty4 Asset Management's 13F filing for Q3 2013, filed 12 Nov 2013.