Kaizen Advisory Portfolio holdings

AUM $144M

1-Year Est. Return 4.99%

2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4

This Quarter Est. Return

1 Year Est. Return

-4.99%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$144M

AUM Growth

-$47.6M (-25%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

579

New

Increased

Reduced

Closed

Top Buys

1		+$704K
2		+$224K
3		+$206K
4	Johnson & Johnson JNJ	+$142K
5	Amazon AMZN	+$137K

Top Sells

1		+$6.5M
2		+$1.16M
3		+$191K
4	WD-40 WDFC	+$179K
5	NTRI NutriSystem, Inc. NTRI	+$178K

Sector Composition

1	Financials	18.06%
2	Industrials	14.3%
3	Technology	11.38%
4	Consumer Discretionary	11.01%
5	Healthcare	10.35%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
126	126 Matador Resources MTDR $4.89B	$435K	0.3%	28,035 -5,510
127	127 Patrick Industries PATK $3.44B	$415K	0.29%	21,000 -3,971
128	128 McDonald's MCD $218B	$384K	0.27%	2,161 +219
129	129 AbbVie ABBV $403B	$383K	0.27%	4,151 +339
130	130 Walmart WMT $846B	$361K	0.25%	11,628 +1,806
131	131 Amgen AMGN $157B	$358K	0.25%	1,837 +271
132	132 Citigroup C $177B	$356K	0.25%	6,834 +747
133	133 Abbott ABT $221B	$348K	0.24%	4,806 +503
134	134 Oracle ORCL $808B	$340K	0.24%	7,520 -26
135	135 Medtronic MDT $120B	$329K	0.23%	3,613 +362
136	136 DuPont de Nemours DD $33.9B	$328K	0.23%	3,036 +243
137	137 Netflix NFLX $464B	$316K	0.22%	1,182 +170
138	138 Eli Lilly LLY $740B	$306K	0.21%	2,646 +352
139	139 3M MMM $89.5B	$302K	0.21%	1,894 +157
140	140 Broadcom AVGO $1.67T	$294K	0.2%	11,550 +1,270
141	141 Philip Morris PM $245B	$284K	0.2%	4,255 +570
142	142 IBM IBM $287B	$283K	0.2%	2,607 +410
143	143 Salesforce CRM $243B	$279K	0.19%	2,040 +292
144	144 Union Pacific UNP $128B	$273K	0.19%	1,974 +77
145	145 Honeywell HON $137B	$265K	0.18%	2,003 +68
146	146 PayPal PYPL $66.7B	$261K	0.18%	3,109 +292
147	147 Altria Group MO $109B	$250K	0.17%	5,054 +586
148	148 Nike NKE $102B	$248K	0.17%	3,342 +150
149	149 Thermo Fisher Scientific TMO $216B	$243K	0.17%	1,084 +104
150	150 Accenture ACN $154B	$242K	0.17%	1,718 +153