Itau USA Asset Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ambev
ABEV
|
+$18.7M |
| 2 |
Banco Bradesco
BBD
|
+$11.4M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$11.4M |
| 4 |
Petrobras
PBR
|
+$6.11M |
| 5 |
AVH
AVIANCA HOLDINGS S.A.
AVH
|
+$5.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Europe ETF
VGK
|
+$25.7M |
| 2 |
iShares S&P GSCI Commodity-Indexed Trust
GSG
|
+$12.9M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$7.55M |
| 4 |
America Movil
AMX
|
+$7.27M |
| 5 |
iShares MSCI Japan ETF
EWJ
|
+$6.99M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.95% |
| 2 | Consumer Staples | 14.25% |
| 3 | Communication Services | 12.43% |
| 4 | Energy | 11.47% |
| 5 | Materials | 6.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
126
iShares S&P GSCI Commodity-Indexed Trust
GSG
$900M
| – | – |
-399,685
| Closed | -$12.9M |
|
127
Gran Tierra Energy
GTE
$317M
| – | – |
-64,518
| Closed | -$4.72M |
|
128
iShares Latin America 40 ETF
ILF
$3.83B
| – | – |
-51,651
| Closed | -$1.91M |
|
129
iShares Russell 2000 ETF
IWM
$81.9B
| – | – |
-18,320
| Closed | -$2.11M |
|
130
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| – | – |
-5,100
| Closed | -$582K |
|
131
RenaissanceRe
RNR
$13.4B
| – | – |
-6,530
| Closed | -$636K |
|
132
Southern Copper
SCCO
$166B
| – | – |
-103,556
| Closed | -$2.76M |
|
133
Sociedad Química y Minera de Chile
SQM
$20.6B
| – | – |
-95,306
| Closed | -$2.4M |
|
134
Werner Enterprises
WERN
$2.25B
| – | – |
-6,925
| Closed | -$171K |
|
|
AUY
135
DELISTED
Yamana Gold, Inc.
AUY
| – | – |
-331,805
| Closed | -$2.86M |
|
Similar funds
Itau USA Asset Management's Q1 2014 Portfolio in Review
As of Q1 2014, Itau USA Asset Management held 135 positions worth $309M, down 19% from $382M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Itau USA Asset Management withdrew a net $75.5M in Q1 2014, closing 21 positions and reducing 86 holdings. Its most notable exit was iShares S&P GSCI Commodity-Indexed Trust, an estimated $12.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 20% a quarter earlier, followed by Consumer Staples and Communication Services.
Against the trend, Itau USA Asset Management opened a new position in Ambev worth $19.8M.
- Itau USA Asset Management's largest Q1 2014 buy was Ambev: 2,671,746 shares worth $19.8M.
- Itau USA Asset Management added most to Banco Bradesco in Q1 2014, an estimated $11.4M increase.
- Itau USA Asset Management's biggest Q1 2014 reduction was Vanguard FTSE Europe ETF, cutting an estimated $25.7M.
- Itau USA Asset Management fully exited iShares S&P GSCI Commodity-Indexed Trust in Q1 2014, selling an estimated $12.9M.
- Itau USA Asset Management's ten largest holdings make up 61% of its $309M portfolio in Q1 2014.
- Itau USA Asset Management opened 11 new positions and closed 21 in Q1 2014.
- Itau USA Asset Management's portfolio value fell 19% quarter-over-quarter to $309M.
Based on Itau USA Asset Management's 13F filing for Q1 2014, filed 15 May 2014.