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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
+5.24%
1 Year Est. Return
-3.05%
3 Year Est. Return
-15.84%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$373M
AUM Growth
+$63.9M
(+21%)
Cap. Flow
+$46.8M
Cap. Flow
% of AUM
12.56%
Top 10 Holdings %
Top 10 Hldgs %
55.54%
Holding
127
New
13
Increased
26
Reduced
21
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VALE.P
Vale S A
VALE.P
|
+$12.4M |
| 2 |
America Movil
AMX
|
+$7.63M |
| 3 |
CZZ
Cosan Limited
CZZ
|
+$7.51M |
| 4 |
Vanguard FTSE Europe ETF
VGK
|
+$7.13M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Credicorp
BAP
|
+$6.78M |
| 2 |
Fomento Económico Mexicano
FMX
|
+$6.51M |
| 3 |
Petrobras
PBR
|
+$6.38M |
| 4 |
CPL
CPFL Energia S.A.
CPL
|
+$5.32M |
| 5 |
Ambev
ABEV
|
+$5.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.87% |
| 2 | Communication Services | 12.33% |
| 3 | Energy | 12.11% |
| 4 | Consumer Staples | 11.78% |
| 5 | Materials | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Itaú Unibanco
ITUB
$91.3B
| $42.5M | 11.42% |
7,380,579
-477,656
| -6% | -$2.81M |
|
2
Banco Bradesco
BBD
$38.1B
| $27.1M | 7.27% |
4,757,158
-106,935
| -2% | -$625K |
|
|
3
America Movil
AMX
$78.1B
| $24.7M | 6.62% |
1,188,368
+381,000
| +47% | +$7.63M |
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $21.3M | 5.71% |
108,682
+31,551
| +41% | +$6M |
|
|
5
Petrobras Class A
PBR.A
$107B
| $20.1M | 5.39% |
1,283,390
+212,491
| +20% | +$3.28M |
|
|
VALE.P
6
DELISTED
Vale S A
VALE.P
| $18.8M | 5.04% |
1,576,428
+1,015,628
| +181% | +$12.4M |
|
7
Cemex
CX
$17.4B
| $15.6M | 4.2% |
1,329,306
+86,163
| +7% | +$979K |
|
|
8
Ambev
ABEV
$47.3B
| $13.8M | 3.7% |
1,956,947
-714,799
| -27% | -$5.26M |
|
9
Televisa
TV
$1.45B
| $11.6M | 3.12% |
338,550
-45,300
| -12% | -$1.52M |
|
|
BRFS
10
DELISTED
BRF SA
BRFS
| $11.5M | 3.08% |
472,301
+77,393
| +20% | +$1.75M |
|
|
CZZ
11
DELISTED
Cosan Limited
CZZ
| $11.3M | 3.02% |
829,718
+590,458
| +247% | +$7.51M |
|
|
12
Credicorp
BAP
$30.9B
| $10.6M | 2.85% |
68,323
-45,264
| -40% | -$6.78M |
|
|
EOCC
13
DELISTED
Enel Generacion Chile S.A.
EOCC
| $10.4M | 2.78% |
331,503
+17,356
| +6% | +$533K |
|
|
14
Vanguard FTSE Europe ETF
VGK
$30B
| $9.65M | 2.59% |
161,000
+118,340
| +277% | +$7.13M |
|
15
Telefônica Brasil
VIV
$22.4B
| $8.88M | 2.38% |
433,131
+10,787
| +3% | +$223K |
|
|
LTM
16
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
| $6.58M | 1.77% |
490,606
+33,003
| +7% | +$484K |
|
|
EMBJ
17
Embraer S.A. ADS
EMBJ
$11.6B
| $6.1M | 1.64% |
167,504
+123,256
| +279% | +$4.35M |
|
18
Gerdau
GGB
$9.44B
| $6.09M | 1.63% |
1,302,265
+561,823
| +76% | +$2.75M |
|
|
19
Petrobras
PBR
$121B
| $5.94M | 1.6% |
406,179
-438,264
| -52% | -$6.38M |
|
20
Gran Tierra Energy
GTE
$260M
| $5.94M | 1.59% |
+73,150
| New | +$5.38M |
|
|
21
Fomento Económico Mexicano
FMX
$43.3B
| $5.77M | 1.55% |
61,627
-68,571
| -53% | -$6.51M |
|
22
YPF
YPF
$20.2B
| $5.66M | 1.52% |
+173,100
| New | +$5.29M |
|
23
Santander
BSBR
$39.7B
| $5.63M | 1.51% |
+849,924
| New | +$5.28M |
|
|
AVH
24
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| $5.54M | 1.49% |
345,400
+40,800
| +13% | +$670K |
|
|
CBD
25
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $5.38M | 1.45% |
116,202
+42,638
| +58% | +$2M |
|
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Itau USA Asset Management's Q2 2014 Portfolio in Review
As of Q2 2014, Itau USA Asset Management held 127 positions worth $373M, up 21% from $309M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Itau USA Asset Management deployed $46.8M of net new capital in Q2 2014, opening 13 new positions and adding to 26 existing holdings. Its largest new stake was Gran Tierra Energy: 73,150 shares worth $5.94M.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 30% a quarter earlier, followed by Communication Services and Energy.
On the sell side, the largest reduction was Credicorp, an estimated $6.78M trimmed.
- Itau USA Asset Management's largest Q2 2014 buy was Gran Tierra Energy: 73,150 shares worth $5.94M.
- Itau USA Asset Management added most to Vale S A in Q2 2014, an estimated $12.4M increase.
- Itau USA Asset Management's biggest Q2 2014 reduction was Credicorp, cutting an estimated $6.78M.
- Itau USA Asset Management fully exited CPFL Energia S.A. in Q2 2014, selling an estimated $5.32M.
- Itau USA Asset Management's ten largest holdings make up 56% of its $373M portfolio in Q2 2014.
- Itau USA Asset Management opened 13 new positions and closed 4 in Q2 2014.
- Itau USA Asset Management's portfolio value rose 21% quarter-over-quarter to $373M.
Based on Itau USA Asset Management's 13F filing for Q2 2014, filed 13 Aug 2014.