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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
PFF icon
76
iShares Preferred and Income Securities ETF
PFF
$13.2B
$344K 0.32%
11,013
+225
+2% +$6.72K
PMX
77
DELISTED
PIMCO Municipal Income Fund III
PMX
$322K 0.3%
43,582
+21
+0% +$145
ETX
78
Eaton Vance Municipal Income 2028 Term Trust
ETX
$198M
$312K 0.29%
17,974
-2,654
-13% -$45.4K
VFL
79
DELISTED
abrdn National Municipal Income Fund
VFL
$309K 0.29%
30,261
+4,839
+19% +$43.8K
PDI icon
80
PIMCO Dynamic Income Fund
PDI
$7.38B
$307K 0.29%
17,126
– –
VKQ icon
81
Invesco Municipal Trust
VKQ
$541M
$299K 0.28%
31,354
+196
+0.6% +$1.73K
KSM
82
DELISTED
DWS Strategic Municipal Income Trust
KSM
$291K 0.27%
33,639
+69
+0.2% +$550
PHD
83
DELISTED
Pioneer Floating Rate Fund
PHD
$287K 0.27%
31,335
+27
+0.1% +$242
VBR icon
84
Vanguard Small-Cap Value ETF
VBR
$37.6B
$286K 0.27%
1,591
+168
+12% +$27.4K
EVG
85
Eaton Vance Short Duration Diversified Income Fund
EVG
$142M
$283K 0.27%
27,256
-641
-2% -$6.49K
DHF
86
BNY Mellon High Yield Strategies Fund
DHF
$171M
$278K 0.26%
121,303
+95,200
+365% +$209K
IYY icon
87
iShares Dow Jones US ETF
IYY
$2.94B
$270K 0.25%
2,321
– –
DMF
88
DELISTED
BNY Mellon Municipal Income
DMF
$258K 0.24%
39,645
+68
+0.2% +$407
ACP
89
abrdn Income Credit Strategies Fund
ACP
$637M
$255K 0.24%
37,448
-73
-0.2% -$460
CBU icon
90
Community Bank
CBU
$3.4B
$251K 0.24%
4,825
-50
-1% -$2.25K
NNY icon
91
Nuveen New York Municipal Value Fund
NNY
$157M
$248K 0.23%
29,908
-1,500
-5% -$12K
HFRO
92
Highland Opportunities and Income Fund
HFRO
$411M
$245K 0.23%
31,849
+78
+0.2% +$616
VVR icon
93
Invesco Senior Income Trust
VVR
$456M
$244K 0.23%
59,405
+161
+0.3% +$644
BBN icon
94
BlackRock Taxable Municipal Bond Trust
BBN
$978M
$243K 0.23%
14,968
+75
+0.5% +$1.16K
ES icon
95
Eversource Energy
ES
$28.5B
$242K 0.23%
3,924
+15
+0.4% +$865
WEA
96
Western Asset Premier Bond Fund
WEA
$123M
$241K 0.23%
22,281
-1,118
-5% -$11.6K
BTT icon
97
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$240K 0.23%
+11,546
New +$232K
DBL
98
DoubleLine Opportunistic Credit Fund
DBL
$279M
$238K 0.22%
15,483
+172
+1% +$2.51K
PIM
99
Franklin Master Intermediate Income Trust
PIM
$150M
$235K 0.22%
73,799
-7,255
-9% -$22.2K
BKN
100
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$235K 0.22%
19,848
+31
+0.2% +$334
2 3
4
5 6

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.