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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
+1.5%
1 Year Est. Return
-3.05%
3 Year Est. Return
-15.84%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$309M
AUM Growth
-$73.5M
Cap. Flow
-$75.5M
Cap. Flow %
-24.45%
Top 10 Hldgs %
60.63%
Holding
135
New
11
Increased
17
Reduced
86
Closed
21

Top Buys

Rank Stock Value
1
ABEV icon
Ambev
ABEV
+$18.7M
2
BBD icon
Banco Bradesco
BBD
+$11.4M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$11.4M
4
PBR icon
Petrobras
PBR
+$6.11M
5
AVH
AVIANCA HOLDINGS S.A.
AVH
+$5.04M

Top Sells

Rank Stock Value
1
VGK icon
Vanguard FTSE Europe ETF
VGK
+$25.7M
2
GSG icon
iShares S&P GSCI Commodity-Indexed Trust
GSG
+$12.9M
3
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$7.55M
4
AMX icon
America Movil
AMX
+$7.27M
5
EWJ icon
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
ITUB icon
1
Itaú Unibanco
ITUB
$91.3B
$42.6M 13.79%
7,858,235
-511,727
-6% -$2.44M
BBD icon
2
Banco Bradesco
BBD
$38.1B
$26.1M 8.44%
4,864,093
+2,506,767
+106% +$11.4M
ABEV icon
3
Ambev
ABEV
$47.3B
$19.8M 6.41%
+2,671,746
New +$18.7M
AMX icon
4
America Movil
AMX
$78.1B
$16.1M 5.2%
807,368
-350,800
-30% -$7.27M
BAP icon
5
Credicorp
BAP
$30.9B
$15.1M 4.88%
113,587
-12,571
-10% -$1.58M
PBR.A icon
6
Petrobras Class A
PBR.A
$107B
$14.9M 4.81%
1,070,899
-11,565
-1% -$142K
SPY icon
7
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$14.4M 4.67%
77,131
+61,854
+405% +$11.4M
CX icon
8
Cemex
CX
$17.4B
$13.4M 4.35%
1,243,143
-39,490
-3% -$426K
TV icon
9
Televisa
TV
$1.45B
$12.8M 4.14%
383,850
+122,000
+47% +$3.67M
FMX icon
10
Fomento Económico Mexicano
FMX
$43.3B
$12.1M 3.93%
130,198
+20,500
+19% +$1.83M
PBR icon
11
Petrobras
PBR
$121B
$11.1M 3.6%
844,443
+523,741
+163% +$6.11M
EOCC
12
DELISTED
Enel Generacion Chile S.A.
EOCC
$9.39M 3.04%
314,147
+126,293
+67% +$3.59M
VIV icon
13
Telefônica Brasil
VIV
$22.4B
$8.97M 2.91%
422,344
+112,581
+36% +$2.16M
BRFS
14
DELISTED
BRF SA
BRFS
$7.89M 2.56%
394,908
-143,292
-27% -$2.62M
VALE.P
15
DELISTED
Vale S A
VALE.P
$6.98M 2.26%
560,800
-547,100
-49% -$6.71M
UGP icon
16
Ultrapar
UGP
$6.87B
$6.89M 2.23%
571,980
+237,800
+71% +$2.65M
LTM
17
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
$6.89M 2.23%
457,603
+56,676
+14% +$843K
CPL
18
DELISTED
CPFL Energia S.A.
CPL
$5.32M 1.72%
344,335
+19,358
+6% +$271K
AVH
19
DELISTED
AVIANCA HOLDINGS S.A.
AVH
$5.19M 1.68%
+304,600
New +$5.04M
CIB icon
20
Grupo Cibest SA
CIB
$20.4B
$4.04M 1.31%
+71,600
New +$3.5M
GGB icon
21
Gerdau
GGB
$9.44B
$3.77M 1.22%
740,442
-449,377
-38% -$2.38M
CBD
22
DELISTED
Companhia Brasileira de Distribuicao
CBD
$3.22M 1.04%
73,564
-4,136
-5% -$169K
RWO icon
23
State Street SPDR Dow Jones Global Real Estate ETF
RWO
$1.32B
$3.15M 1.02%
+72,070
New +$3.07M
IEMG icon
24
iShares Core MSCI Emerging Markets ETF
IEMG
$149B
$2.97M 0.96%
+60,548
New +$2.85M
CZZ
25
DELISTED
Cosan Limited
CZZ
$2.73M 0.88%
239,260
-23,600
-9% -$281K
1
2 3 4 5

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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.