IMA Advisory Services Portfolio holdings

IMA Advisory Services's Q4 2014 Portfolio in Review

As of Q4 2014, IMA Advisory Services held 172 positions worth $194M, down 8.6% from $212M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

IMA Advisory Services withdrew a net $23M in Q4 2014, closing 29 positions and reducing 79 holdings. Its most notable exit was Invesco Senior Loan ETF, an estimated $3.09M position sold in full.

By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 12% a quarter earlier, followed by Healthcare and Technology.

Against the trend, IMA Advisory Services opened a new position in First Trust Europe AlphaDEX Fund worth $3.14M.

• IMA Advisory Services's largest Q4 2014 buy was First Trust Europe AlphaDEX Fund: 107,018 shares worth $3.14M.
• IMA Advisory Services added most to State Street SPDR Dow Jones International Real Estate ETF in Q4 2014, an estimated $1.5M increase.
• IMA Advisory Services's biggest Q4 2014 reduction was Alerian MLP ETF, cutting an estimated $2.42M.
• IMA Advisory Services fully exited Invesco Senior Loan ETF in Q4 2014, selling an estimated $3.09M.
• IMA Advisory Services's ten largest holdings make up 28% of its $194M portfolio in Q4 2014.
• IMA Advisory Services opened 12 new positions and closed 29 in Q4 2014.
• IMA Advisory Services's portfolio value fell 8.6% quarter-over-quarter to $194M.

Based on IMA Advisory Services's 13F filing for Q4 2014, filed 9 Jan 2015.