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MWM

Melfa Wealth Management Portfolio holdings

AUM $185M
1-Year Est. Return 17.73%
This Fund
S&P 500
This Quarter Est. Return
+10.89%
1 Year Est. Return
+17.73%
3 Year Est. Return
+42.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$106M
AUM Growth
+$14.2M
Cap. Flow
+$4.75M
Cap. Flow %
4.48%
Top 10 Hldgs %
36.75%
Holding
147
New
9
Increased
86
Reduced
27
Closed
6

Top Buys

Rank Stock Value
1
NBH
Neuberger Municipal Fund Inc
NBH
+$1.81M
2
DFAC icon
Dimensional US Core Equity 2 ETF
DFAC
+$1.07M
3
DFSV
Dimensional US Small Cap Value ETF
DFSV
+$889K
4
MMU
Western Asset Managed Municipals Fund
MMU
+$754K
5
DFAI
Dimensional International Core Equity Market ETF
DFAI
+$511K

Top Sells

Rank Stock Value
1
NBW
Neuberger Berman California Municipal Fund Inc.
NBW
+$1.47M
2
MNP
Western Asset Municipal Partners Fund, Inc.
MNP
+$729K
3
XOM icon
ExxonMobil
XOM
+$434K
4
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$282K
5
DFUV icon
Dimensional US Marketwide Value ETF
DFUV
+$127K

Sector Composition

Rank Sector Weight
1 Technology 3.91%
2 Energy 1.19%
3 Financials 0.57%
4 Utilities 0.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DSU icon
51
BlackRock Debt Strategies Fund
DSU
$589M
$569K 0.54%
52,726
+1,721
+3% +$17.7K
MIY icon
52
BlackRock MuniYield Michigan Quality Fund
MIY
$354M
$561K 0.53%
49,422
+6
+0% +$63
MUJ icon
53
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$638M
$551K 0.52%
48,288
+354
+0.7% +$3.76K
NMT icon
54
Nuveen Massachusetts Quality Municipal Income Fund
NMT
$131M
$527K 0.5%
50,105
+3,965
+9% +$39.1K
CXH
55
DELISTED
MFS Investment Grade Municipal Trust
CXH
$505K 0.48%
69,426
+1,526
+2% +$10.8K
OIA icon
56
Invesco Municipal Income Opportunities Trust
OIA
$293M
$478K 0.45%
75,200
+3,595
+5% +$21K
NUW icon
57
Nuveen AMT-Free Municipal Value Fund
NUW
$250M
$477K 0.45%
34,960
+47
+0.1% +$619
CXE
58
DELISTED
MFS High Income Municipal Trust
CXE
$471K 0.44%
132,616
+263
+0.2% +$863
PNF
59
DELISTED
PIMCO New York Municipal Income Fund
PNF
$469K 0.44%
59,685
+13,386
+29% +$97.5K
NHS
60
Neuberger High Yield Strategies Fund Inc
NHS
$252M
$462K 0.44%
59,883
+309
+0.5% +$2.29K
PNI
61
PIMCO New York Municipal Income Fund II
PNI
$76.7M
$461K 0.43%
60,732
+100
+0.2% +$679
BTA
62
DELISTED
BlackRock Long-Term Municipal Advantage Trust
BTA
$450K 0.42%
43,991
– –
GHY
63
PGIM Global High Yield Fund
GHY
$479M
$450K 0.42%
39,599
+204
+0.5% +$2.22K
MAV
64
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$440K 0.41%
54,827
+23,743
+76% +$171K
VMO icon
65
Invesco Municipal Opportunity Trust
VMO
$653M
$416K 0.39%
52,086
+12
+0% +$105
NMCO icon
66
Nuveen Municipal Credit Opportunities Fund
NMCO
$581M
$405K 0.38%
40,655
+4,100
+11% +$39.4K
MHF
67
Western Asset Municipal High Income Fund
MHF
$152M
$404K 0.38%
62,951
+301
+0.5% +$1.88K
NAD icon
68
Nuveen Quality Municipal Income Fund
NAD
$2.72B
$393K 0.37%
34,356
– –
EVM
69
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$387K 0.36%
42,259
+12,654
+43% +$107K
EFT
70
Eaton Vance Floating-Rate Income Trust
EFT
$284M
$382K 0.36%
30,464
-2,350
-7% -$28.7K
NUV icon
71
Nuveen Municipal Value Fund
NUV
$1.9B
$372K 0.35%
43,290
+99
+0.2% +$824
CMU
72
DELISTED
MFS High Yield Municipal Trust
CMU
$370K 0.35%
111,837
-9,932
-8% -$30.6K
VGM icon
73
Invesco Trust Investment Grade Municipals
VGM
$549M
$369K 0.35%
37,360
– –
LEO
74
BNY Mellon Strategic Municipals
LEO
$389M
$354K 0.33%
60,371
+10,751
+22% +$59.1K
VBF icon
75
Invesco Bond Fund
VBF
$169M
$353K 0.33%
23,214
– –
1 2
3
4 5

Similar funds

FA
Financial Alternatives La Jolla, California $185M AUM 16.33% 1-Year Est. Return
GK
Graney & King Latham, New York $186M AUM 15.71% 1-Year Est. Return
PS
Pinney & Scofield Cambridge, Massachusetts $185M AUM 19.89% 1-Year Est. Return
PFG
Pacific Financial Group Bellevue, Washington $186M AUM 16.59% 1-Year Est. Return
NPFS
Novak & Powell Financial Services St. Petersburg, Florida $186M AUM 18.1% 1-Year Est. Return
JHC
J. Hagan Capital Louisville, Kentucky $185M AUM 18.36% 1-Year Est. Return
CPP
Capasso Planning Partners Charleston, South Carolina $185M AUM 14.14% 1-Year Est. Return
VFG
Valley Financial Group Ambler, Pennsylvania $185M AUM 14.05% 1-Year Est. Return

Melfa Wealth Management's Q4 2023 Portfolio in Review

As of Q4 2023, Melfa Wealth Management held 147 positions worth $106M, up 15% from $92M the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Melfa Wealth Management deployed $4.75M of net new capital in Q4 2023, opening 9 new positions and adding to 86 existing holdings. Its largest new stake was BlackRock Municipal 2030 Target Term Trust: 11,546 shares worth $240K.

By sector, the portfolio is most concentrated in Technology at 3.9% of assets, down from 4.1% a quarter earlier, followed by Energy and Financials.

On the sell side, the largest reduction was ExxonMobil, an estimated $434K trimmed.

  • Melfa Wealth Management's largest Q4 2023 buy was BlackRock Municipal 2030 Target Term Trust: 11,546 shares worth $240K.
  • Melfa Wealth Management added most to Neuberger Municipal Fund Inc in Q4 2023, an estimated $1.81M increase.
  • Melfa Wealth Management's biggest Q4 2023 reduction was ExxonMobil, cutting an estimated $434K.
  • Melfa Wealth Management fully exited Neuberger Berman California Municipal Fund Inc. in Q4 2023, selling an estimated $1.47M.
  • Melfa Wealth Management's ten largest holdings make up 37% of its $106M portfolio in Q4 2023.
  • Melfa Wealth Management opened 9 new positions and closed 6 in Q4 2023.
  • Melfa Wealth Management's portfolio value rose 15% quarter-over-quarter to $106M.

Based on Melfa Wealth Management's 13F filing for Q4 2023, filed 22 Jan 2024.