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IUAM

Itau USA Asset Management Portfolio holdings

AUM $410M
1-Year Est. Return 3.05%
This Fund
S&P 500
This Quarter Est. Return
+6.13%
1 Year Est. Return
-3.05%
3 Year Est. Return
-15.84%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$390M
AUM Growth
-$5.76M
Cap. Flow
-$35.8M
Cap. Flow %
-9.18%
Top 10 Hldgs %
52.63%
Holding
128
New
12
Increased
19
Reduced
80
Closed
8

Top Buys

Rank Stock Value
1
PBR.A icon
Petrobras Class A
PBR.A
+$20.8M
2
VALE icon
Vale
VALE
+$13.1M
3
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$7.8M
4
EPP icon
iShares MSCI Pacific ex Japan ETF
EPP
+$6.84M
5
BRFS
BRF SA
BRFS
+$5.47M

Top Sells

Rank Stock Value
1
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$25M
2
PBR icon
Petrobras
PBR
+$14.5M
3
VALE.P
Vale S A
VALE.P
+$13.2M
4
CX icon
Cemex
CX
+$7.75M
5
AMX icon
America Movil
AMX
+$7.06M

Sector Composition

Rank Sector Weight
1 Financials 18.98%
2 Consumer Staples 13.49%
3 Energy 10.32%
4 Communication Services 9.63%
5 Industrials 6.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ITUB icon
1
Itaú Unibanco
ITUB
$91.3B
$40.4M 10.37%
7,854,133
+180,820
+2% +$848K
VGK icon
2
Vanguard FTSE Europe ETF
VGK
$30B
$30.4M 7.79%
557,313
-93,112
-14% -$4.87M
PBR.A icon
3
Petrobras Class A
PBR.A
$107B
$23.1M 5.92%
+1,380,400
New +$20.8M
AMX icon
4
America Movil
AMX
$78.1B
$22.4M 5.73%
1,128,518
-343,000
-23% -$7.06M
ABV
5
DELISTED
COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH
ABV
$18.2M 4.66%
474,229
+22,700
+5% +$832K
VALE.P
6
DELISTED
Vale S A
VALE.P
$16.5M 4.23%
1,160,600
-999,995
-46% -$13.2M
BBD icon
7
Banco Bradesco
BBD
$38.1B
$13.8M 3.55%
2,544,303
-722,332
-22% -$3.56M
VALE icon
8
Vale
VALE
$62.9B
$13.8M 3.54%
+883,995
New +$13.1M
FMX icon
9
Fomento Económico Mexicano
FMX
$43.3B
$13.7M 3.52%
141,398
-10,700
-7% -$1.07M
GSG icon
10
iShares S&P GSCI Commodity-Indexed Trust
GSG
$1.02B
$12.9M 3.32%
399,685
-4,408
-1% -$145K
BAP icon
11
Credicorp
BAP
$30.9B
$11.9M 3.06%
96,651
+43,638
+82% +$5.2M
VIV icon
12
Telefônica Brasil
VIV
$22.4B
$10.9M 2.79%
485,043
-92,839
-16% -$2M
BRFS
13
DELISTED
BRF SA
BRFS
$9.36M 2.4%
381,700
+238,100
+166% +$5.47M
EEM icon
14
iShares MSCI Emerging Markets ETF
EEM
$28B
$8.03M 2.06%
+197,024
New +$7.8M
EWJ icon
15
iShares MSCI Japan ETF
EWJ
$21.7B
$7.46M 1.91%
156,474
-66,857
-30% -$3.1M
EPP icon
16
iShares MSCI Pacific ex Japan ETF
EPP
$2.18B
$7.16M 1.84%
+150,179
New +$6.84M
LTM
17
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
$7.06M 1.81%
468,101
+36,200
+8% +$508K
GGB icon
18
Gerdau
GGB
$9.44B
$6.97M 1.79%
1,177,848
-353,304
-23% -$1.91M
PBR icon
19
Petrobras
PBR
$121B
$6.07M 1.56%
391,887
-1,016,400
-72% -$14.5M
CCU icon
20
Compañía de Cervecerías Unidas
CCU
$2.12B
$5.97M 1.53%
224,337
+143,337
+177% +$3.98M
GLD icon
21
SPDR Gold Trust
GLD
$131B
$5.82M 1.49%
45,430
+7,007
+18% +$900K
EMBJ
22
Embraer S.A. ADS
EMBJ
$11.6B
$5.41M 1.39%
166,448
+131,100
+371% +$4.56M
EMB icon
23
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$4.87M 1.25%
44,670
-230,500
-84% -$25M
CPL
24
DELISTED
CPFL Energia S.A.
CPL
$4.61M 1.18%
282,558
-192,087
-40% -$3.22M
EOCC
25
DELISTED
Enel Generacion Chile S.A.
EOCC
$4.5M 1.15%
+154,908
New +$4.44M
1
2 3 4 5

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Itau USA Asset Management's Q3 2013 Portfolio in Review

As of Q3 2013, Itau USA Asset Management held 128 positions worth $390M, down 1.5% from $396M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Itau USA Asset Management withdrew a net $35.8M in Q3 2013, closing 8 positions and reducing 80 holdings. Its most notable exit was Cemex, an estimated $7.75M position sold in full.

By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 17% a quarter earlier, followed by Consumer Staples and Energy.

Against the trend, Itau USA Asset Management opened a new position in Petrobras Class A worth $23.1M.

  • Itau USA Asset Management's largest Q3 2013 buy was Petrobras Class A: 1,380,400 shares worth $23.1M.
  • Itau USA Asset Management added most to BRF SA in Q3 2013, an estimated $5.47M increase.
  • Itau USA Asset Management's biggest Q3 2013 reduction was iShares JPMorgan USD Emerging Markets Bond ETF, cutting an estimated $25M.
  • Itau USA Asset Management fully exited Cemex in Q3 2013, selling an estimated $7.75M.
  • Itau USA Asset Management's ten largest holdings make up 53% of its $390M portfolio in Q3 2013.
  • Itau USA Asset Management opened 12 new positions and closed 8 in Q3 2013.
  • Itau USA Asset Management's portfolio value fell 1.5% quarter-over-quarter to $390M.

Based on Itau USA Asset Management's 13F filing for Q3 2013, filed 14 Nov 2013.