MC

Miles Capital Portfolio holdings

AUM $92.8M Turnover 35.94%
1-Year Est. Return 4.29%
This Fund
S&P 500
This Quarter Est. Return
+2.59%
1 Year Est. Return
-4.29%
3 Year Est. Return
+15.37%
5 Year Est. Return
+31.98%
10 Year Est. Return
–
AUM
$147M
AUM Growth
-$2.09M
Cap. Flow
-$5.35M
Cap. Flow %
-3.64%
Top 10 Hldgs %
43.35%
Holding
215
New
61
Increased
50
Reduced
62
Closed
32
Avg Time Held
0.8 years
Top 10 Avg Time Held
1.3 years
Top 20 Avg Time Held
0.8 years

Top Buys

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$8.4M
2
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$1.13M
3
GILD icon
Gilead Sciences
GILD
+$1.11M
4
CERN
Cerner Corp
CERN
+$1.06M
5
GE icon
GE Aerospace
GE
+$1.05M

Top Sells

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$12.8M
2
EXC icon
Exelon
EXC
+$1.08M
3
SYY icon
Sysco
SYY
+$1.04M
4
CSCO icon
Cisco
CSCO
+$1.03M
5
PG icon
Procter & Gamble
PG
+$1M

Sector Composition

Rank Sector Weight
1 Miscellaneous 40.88%
2 Financials 11.57%
3 Healthcare 8.61%
4 Technology 8.21%
5 Industrials 6.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
PLAY icon
201
Dave & Buster's
PLAY
$249M
– –
-6,689
Closed -$259K –
SPWH icon
202
Sportsman's Warehouse
SPWH
$41.9M
– –
-18,031
Closed -$227K –
SR icon
203
Spire
SR
$4.72B
– –
-4,560
Closed -$309K –
TTEC icon
204
TTEC Holdings
TTEC
$80.8M
– –
-10,419
Closed -$289K –
TTMI icon
205
TTM Technologies
TTMI
$10.9B
– –
-43,680
Closed -$290K –
UDR icon
206
UDR
UDR
$10.9B
– –
-16,158
Closed -$623K –
VGR icon
207
DELISTED
Vector Group Ltd.
VGR
– –
-20,844
Closed -$278K –
PACW
208
DELISTED
PacWest Bancorp
PACW
– –
-13,745
Closed -$511K –
CMD
209
DELISTED
Cantel Medical Corporation
CMD
– –
-4,135
Closed -$295K –
SFLY
210
DELISTED
Shutterfly, Inc.
SFLY
– –
-6,746
Closed -$313K –
STBZ
211
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
– –
-14,531
Closed -$287K –
AFSI
212
DELISTED
AmTrust Financial Services, Inc.
AFSI
– –
-11,514
Closed -$298K –
ENH
213
DELISTED
Endurance Specialty Holdings Ltd
ENH
– –
-10,015
Closed -$654K –
UFS
214
DELISTED
DOMTAR CORPORATION (New)
UFS
– –
-17,108
Closed -$693K –
5 6 7 8
9

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BBA
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Miles Capital's Q2 2016 Portfolio in Review

As of Q2 2016, Miles Capital held 215 positions worth $147M, down 1.4% from $149M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Miles Capital withdrew a net $5.35M in Q2 2016, closing 32 positions and reducing 62 holdings. Its most notable exit was Baxter International, an estimated $913K position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 41% of assets, down from 42% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Miles Capital opened a new position in Berkshire Hathaway Class B worth $1.15M.

  • Miles Capital's largest Q2 2016 buy was Berkshire Hathaway Class B: 7,908 shares worth $1.15M.
  • Miles Capital added most to iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2016, an estimated $8.4M increase.
  • Miles Capital's biggest Q2 2016 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $12.8M.
  • Miles Capital fully exited Baxter International in Q2 2016, selling an estimated $913K.
  • Miles Capital's ten largest holdings make up 43% of its $147M portfolio in Q2 2016.
  • Miles Capital opened 61 new positions and closed 32 in Q2 2016.
  • Miles Capital's portfolio value fell 1.4% quarter-over-quarter to $147M.

Based on Miles Capital's 13F filing for Q2 2016, filed 11 Aug 2016.