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IIM
Ivory Investment Management Portfolio holdings
AUM
$496M
1-Year Est. Return
4.8%
This Fund
S&P 500
This Quarter
Est. Return
+11.62%
1 Year Est. Return
+4.8%
3 Year Est. Return
+32.83%
5 Year Est. Return
+96.71%
10 Year Est. Return
–
AUM
$2.11B
AUM Growth
-$320M
(-13%)
Cap. Flow
-$503M
Cap. Flow
% of AUM
-23.81%
Top 10 Holdings %
Top 10 Hldgs %
48.08%
Holding
221
New
52
Increased
44
Reduced
69
Closed
53
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$62.3M |
| 2 |
Oil States International
OIS
|
+$54M |
| 3 |
AGN
Allergan plc
AGN
|
+$48.8M |
| 4 |
Polaris
PII
|
+$43.3M |
| 5 |
Advance Auto Parts
AAP
|
+$37.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$53.9M |
| 2 |
Applied Materials
AMAT
|
+$52.2M |
| 3 |
Boston Scientific
BSX
|
+$50.2M |
| 4 |
Best Buy
BBY
|
+$49M |
| 5 |
MGM Resorts International
MGM
|
+$46.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 15.02% |
| 2 | Technology | 12.15% |
| 3 | Financials | 8.84% |
| 4 | Energy | 8.44% |
| 5 | Industrials | 5.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $443M | 20.99% |
2,639,500
-1,161,700
| -31% | -$195M |
|
2
General Motors
GM
$78.7B
| $73.3M | 3.47% |
2,037,432
+313,763
| +18% | +$11.3M |
|
|
3
Polaris
PII
$4.25B
| $69M | 3.27% |
534,391
+385,930
| +260% | +$43.3M |
|
|
4
Oil States International
OIS
$512M
| $67.6M | 3.2% |
1,142,699
+989,457
| +646% | +$54M |
|
|
5
Microsoft
MSFT
$2.89T
| $66.8M | 3.16% |
2,008,497
+1,894,122
| +1,656% | +$62.3M |
|
6
CALL
SPDR Gold Trust
GLD
$132B
| $66.6M | 3.15% |
519,300
| – | – |
|
7
PUT
Micron Technology
MU
$1.02T
| $65.8M | 3.11% |
+3,765,600
| New | +$54.6M |
|
|
8
Micron Technology
MU
$1.02T
| $62M | 2.94% |
3,549,533
+2,333,127
| +192% | +$33.8M |
|
|
AGN
9
DELISTED
Allergan plc
AGN
| $52.7M | 2.5% |
+366,156
| New | +$48.8M |
|
10
Devon Energy
DVN
$49.8B
| $48.5M | 2.29% |
838,888
-449,910
| -35% | -$25.7M |
|
11
Apple
AAPL
$4.95T
| $47.9M | 2.27% |
2,814,028
-909,916
| -24% | -$15.1M |
|
12
MetLife
MET
$61.2B
| $40.6M | 1.92% |
971,226
+66,452
| +7% | +$2.86M |
|
|
13
Advance Auto Parts
AAP
$3.48B
| $40.2M | 1.91% |
486,739
+462,767
| +1,930% | +$37.8M |
|
14
Citigroup
C
$223B
| $37.6M | 1.78% |
775,955
-24,277
| -3% | -$1.23M |
|
|
SNDK
15
DELISTED
SANDISK CORP
SNDK
| $35.9M | 1.7% |
603,300
+189,816
| +46% | +$11.1M |
|
|
16
American International
AIG
$42B
| $33M | 1.56% |
677,948
-1,134,619
| -63% | -$53.9M |
|
|
QVCGA
17
DELISTED
QVC Group Inc Series A
QVCGA
| $29.1M | 1.38% |
30,155
+28,659
| +1,916% | +$27.9M |
|
18
Meta Platforms (Facebook)
META
$1.51T
| $28.8M | 1.36% |
573,606
+60,870
| +12% | +$2.27M |
|
19
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $27.9M | 1.32% |
1,594,804
-170,872
| -10% | -$3.03M |
|
|
LCC
20
DELISTED
US AIRWAYS GROUP INC.
LCC
| $27.1M | 1.29% |
1,431,906
+28,804
| +2% | +$510K |
|
21
CALL
Celanese
CE
$4.87B
| $26.4M | 1.25% |
500,000
+250,000
| +100% | +$12.2M |
|
|
NUAN
22
DELISTED
Nuance Communications, Inc.
NUAN
| $24.9M | 1.18% |
+1,542,251
| New | +$25.5M |
|
|
LGF
23
DELISTED
Lions Gate Entertainment
LGF
| $23.4M | 1.11% |
+667,775
| New | +$22.6M |
|
24
Eastman Chemical
EMN
$7.74B
| $23.1M | 1.1% |
296,940
+54,049
| +22% | +$4.16M |
|
|
MRO
25
DELISTED
Marathon Oil Corporation
MRO
| $21.5M | 1.02% |
615,860
| – | – |
|
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Ivory Investment Management's Q3 2013 Portfolio in Review
As of Q3 2013, Ivory Investment Management held 221 positions worth $2.11B, down 13% from $2.43B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Ivory Investment Management withdrew a net $503M in Q3 2013, closing 53 positions and reducing 69 holdings. Its most notable exit was Applied Materials, an estimated $52.2M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 15% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Ivory Investment Management opened a new position in Allergan plc worth $52.7M.
- Ivory Investment Management's largest Q3 2013 buy was Allergan plc: 366,156 shares worth $52.7M.
- Ivory Investment Management added most to Microsoft in Q3 2013, an estimated $62.3M increase.
- Ivory Investment Management's biggest Q3 2013 reduction was American International, cutting an estimated $53.9M.
- Ivory Investment Management fully exited Applied Materials in Q3 2013, selling an estimated $52.2M.
- Ivory Investment Management's ten largest holdings make up 48% of its $2.11B portfolio in Q3 2013.
- Ivory Investment Management opened 52 new positions and closed 53 in Q3 2013.
- Ivory Investment Management's portfolio value fell 13% quarter-over-quarter to $2.11B.
Based on Ivory Investment Management's 13F filing for Q3 2013, filed 13 Nov 2013.