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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
VT icon
101
Vanguard Total World Stock ETF
VT
$76.3B
$227K 0.21%
2,205
+20
+0.9% +$1.93K
PMF
102
DELISTED
PIMCO Municipal Income Fund
PMF
$222K 0.21%
23,775
+2,482
+12% +$21.6K
NMZ icon
103
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.2B
$219K 0.21%
+22,153
New +$207K
VFVA icon
104
Vanguard US Value Factor ETF
VFVA
$906M
$216K 0.2%
+1,920
New +$196K
CEV
105
Eaton Vance California Municipal Income Trust
CEV
$71.6M
$213K 0.2%
20,557
+104
+0.5% +$997
PYN
106
DELISTED
PIMCO New York Municipal Income Fund III
PYN
$205K 0.19%
34,423
+21,675
+170% +$119K
CHY
107
Calamos Convertible and High Income Fund
CHY
$1B
$205K 0.19%
17,833
– –
VWO icon
108
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$204K 0.19%
+4,973
New +$197K
PCF
109
High Income Securities Fund
PCF
$99.2M
$203K 0.19%
31,632
+1,514
+5% +$9.38K
JHS
110
John Hancock Income Securities Trust
JHS
$127M
$201K 0.19%
18,518
+8
+0% +$83
DMB
111
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$196M
$201K 0.19%
19,456
+5,016
+35% +$49.2K
RA
112
Brookfield Real Assets Income Fund
RA
$706M
$196K 0.18%
+15,287
New +$190K
DSM
113
BNY Mellon Strategic Municipal Bond Fund
DSM
$291M
$182K 0.17%
+31,879
New +$166K
JLS icon
114
Nuveen Mortgage and Income Fund
JLS
$94.6M
$181K 0.17%
+10,743
New +$176K
NAC icon
115
Nuveen California Quality Municipal Income Fund
NAC
$1.84B
$180K 0.17%
16,263
+4,267
+36% +$43.5K
CCIF
116
Carlyle Credit Income Fund
CCIF
$57M
$180K 0.17%
22,584
+397
+2% +$3.08K
MIO
117
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$178K 0.17%
+16,850
New +$167K
MUE
118
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$178K 0.17%
17,761
+204
+1% +$1.91K
SBI
119
Western Asset Intermediate Muni Fund
SBI
$108M
$175K 0.16%
22,747
– –
MQT
120
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$169K 0.16%
16,331
+124
+0.8% +$1.18K
AFT
121
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$161K 0.15%
12,158
+249
+2% +$3.27K
RMM
122
RiverNorth Managed Duration Municipal Income Fund
RMM
$285M
$154K 0.14%
10,847
– –
DTF
123
DTF Tax-Free Income 2028 Term Fund
DTF
$80.7M
$154K 0.14%
14,303
+47
+0.3% +$503
CHI
124
Calamos Convertible Opportunities and Income Fund
CHI
$998M
$144K 0.14%
13,923
+73
+0.5% +$752
IQI icon
125
Invesco Quality Municipal Securities
IQI
$529M
$144K 0.14%
15,158
+182
+1% +$1.61K
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.