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LA
Lau Associates Portfolio holdings
AUM
$201M
1-Year Est. Return
26.29%
This Fund
S&P 500
This Quarter
Est. Return
+2.54%
1 Year Est. Return
+26.29%
3 Year Est. Return
+44.49%
5 Year Est. Return
+59.98%
10 Year Est. Return
–
AUM
$189M
AUM Growth
-$20.2M
(-9.6%)
Cap. Flow
-$27.9M
Cap. Flow
% of AUM
-14.77%
Top 10 Holdings %
Top 10 Hldgs %
51.18%
Holding
101
New
8
Increased
16
Reduced
50
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$2.45M |
| 2 |
Canadian Solar
CSIQ
|
+$498K |
| 3 |
CGC
Canopy Growth
CGC
|
+$424K |
| 4 |
First Solar
FSLR
|
+$311K |
| 5 |
Delta Air Lines
DAL
|
+$223K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$13.2M |
| 2 |
Cummins
CMI
|
+$1.58M |
| 3 |
KLA
KLAC
|
+$992K |
| 4 |
Alaska Air
ALK
|
+$910K |
| 5 |
Comcast
CMCSA
|
+$901K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.52% |
| 2 | Healthcare | 11.56% |
| 3 | Consumer Staples | 9% |
| 4 | Energy | 8.37% |
| 5 | Financials | 5.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CGC
76
Canopy Growth
CGC
$383M
| $318K | 0.17% |
+1,386
| New | +$424K |
|
|
RDS.A
77
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $318K | 0.17% |
5,400
+400
| +8% | +$23.7K |
|
78
F5
FFIV
$22.6B
| $309K | 0.16% |
2,200
| – | – |
|
79
Verizon
VZ
$194B
| $290K | 0.15% |
4,812
-1,300
| -21% | -$74.9K |
|
|
80
First Solar
FSLR
$22.8B
| $287K | 0.15% |
+4,850
| New | +$311K |
|
81
Novartis
NVS
$297B
| $287K | 0.15% |
3,308
| – | – |
|
82
PNC Financial Services
PNC
$99.7B
| $268K | 0.14% |
1,915
| – | – |
|
83
SLB Ltd
SLB
$73.1B
| $252K | 0.13% |
7,369
+1,300
| +21% | +$47.5K |
|
84
S&P Global
SPGI
$121B
| $245K | 0.13% |
1,000
| – | – |
|
85
Union Pacific
UNP
$173B
| $243K | 0.13% |
1,498
+300
| +25% | +$50.4K |
|
86
Air Products & Chemicals
APD
$65.2B
| $242K | 0.13% |
1,090
| – | – |
|
|
MRSH
87
Marsh
MRSH
$90.2B
| $236K | 0.12% |
2,359
-800
| -25% | -$80K |
|
|
88
Delta Air Lines
DAL
$57.7B
| $217K | 0.11% |
+3,760
| New | +$223K |
|
89
Home Depot
HD
$330B
| $204K | 0.11% |
+880
| New | +$192K |
|
|
FON
90
DELISTED
SPRINT CORP FON COM
FON
| $154K | 0.08% |
25,000
| – | – |
|
91
GE Aerospace
GE
$372B
| $134K | 0.07% |
2,999
-200
| -6% | -$9.4K |
|
|
DRRX
92
DELISTED
DURECT Corp
DRRX
| $66K | 0.03% |
3,600
| – | – |
|
|
TTOO
93
DELISTED
T2 Biosystems, Inc
TTOO
| $32K | 0.02% |
3
| – | – |
|
|
ACGN
94
DELISTED
Aceragen Inc
ACGN
| $30K | 0.02% |
+603
| New | +$26.5K |
|
|
CGI
95
DELISTED
Celadon Group Inc
CGI
| $25K | 0.01% |
20,000
| – | – |
|
96
Blackrock
BLK
$170B
| – | – |
-976
| Closed | -$458K |
|
|
97
Cummins
CMI
$88B
| – | – |
-9,250
| Closed | -$1.58M |
|
98
Costco
COST
$421B
| – | – |
-850
| Closed | -$225K |
|
99
Walt Disney
DIS
$167B
| – | – |
-1,532
| Closed | -$214K |
|
100
McDonald's
MCD
$192B
| – | – |
-1,824
| Closed | -$379K |
|
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Lau Associates's Q3 2019 Portfolio in Review
As of Q3 2019, Lau Associates held 101 positions worth $189M, down 9.6% from $209M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Lau Associates withdrew a net $27.9M in Q3 2019, closing 5 positions and reducing 50 holdings. Its most notable exit was Cummins, an estimated $1.58M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 18% a quarter earlier, followed by Healthcare and Consumer Staples.
Against the trend, Lau Associates opened a new position in iShares Core S&P 500 ETF worth $2.46M.
- Lau Associates's largest Q3 2019 buy was iShares Core S&P 500 ETF: 8,250 shares worth $2.46M.
- Lau Associates added most to NextEra Energy in Q3 2019, an estimated $128K increase.
- Lau Associates's biggest Q3 2019 reduction was JPMorgan Ultra-Short Income ETF, cutting an estimated $13.2M.
- Lau Associates fully exited Cummins in Q3 2019, selling an estimated $1.58M.
- Lau Associates's ten largest holdings make up 51% of its $189M portfolio in Q3 2019.
- Lau Associates opened 8 new positions and closed 5 in Q3 2019.
- Lau Associates's portfolio value fell 9.6% quarter-over-quarter to $189M.
Based on Lau Associates's 13F filing for Q3 2019, filed 2 Oct 2019.