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Miles Capital Portfolio holdings
AUM
$92.8M
1-Year Est. Return
4.29%
This Fund
S&P 500
This Quarter
Est. Return
+6.27%
1 Year Est. Return
-4.29%
3 Year Est. Return
+15.37%
5 Year Est. Return
+31.97%
10 Year Est. Return
–
AUM
$123M
AUM Growth
-$38.8M
(-24%)
Cap. Flow
-$45.1M
Cap. Flow
% of AUM
-36.53%
Top 10 Holdings %
Top 10 Hldgs %
29.34%
Holding
216
New
33
Increased
66
Reduced
73
Closed
34
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Prologis
PLD
|
+$537K |
| 2 |
Visa
V
|
+$330K |
| 3 |
Morgan Stanley
MS
|
+$329K |
| 4 |
Crown Castle
CCI
|
+$300K |
| 5 |
American Tower
AMT
|
+$296K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$20.6M |
| 2 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$20.3M |
| 3 |
Intuitive Surgical
ISRG
|
+$441K |
| 4 |
Public Storage
PSA
|
+$421K |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$400K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.23% |
| 2 | Healthcare | 11.93% |
| 3 | Technology | 10.56% |
| 4 | Energy | 6.52% |
| 5 | Industrials | 5.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Rayonier Advanced Materials
RYAM
$550M
| – | – |
-14,778
| Closed | -$253K |
|
202
Banco Santander
SAN
$192B
| – | – |
-23,425
| Closed | -$120K |
|
203
SAP
SAP
$182B
| – | – |
-2,807
| Closed | -$325K |
|
204
Sanofi
SNY
$105B
| – | – |
-5,398
| Closed | -$216K |
|
205
Toyota
TM
$211B
| – | – |
-1,800
| Closed | -$232K |
|
206
Union Pacific
UNP
$179B
| – | – |
-2,509
| Closed | -$355K |
|
207
Marriott Vacations Worldwide
VAC
$3.43B
| – | – |
-2,774
| Closed | -$313K |
|
208
Valero Energy
VLO
$92.4B
| – | – |
-2,884
| Closed | -$320K |
|
209
Verizon
VZ
$181B
| – | – |
-5,025
| Closed | -$253K |
|
210
Weyerhaeuser
WY
$17.5B
| – | – |
-7,581
| Closed | -$276K |
|
|
B
211
DELISTED
Barnes Group Inc.
B
| – | – |
-4,438
| Closed | -$261K |
|
|
ORAN
212
DELISTED
Orange
ORAN
| – | – |
-11,984
| Closed | -$200K |
|
|
RRD
213
DELISTED
RR Donnelley & Sons Co.
RRD
| – | – |
-10,400
| Closed | -$60K |
|
|
RDS.B
214
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| – | – |
-3,093
| Closed | -$225K |
|
|
PF
215
DELISTED
Pinnacle Foods, Inc.
PF
| – | – |
-4,006
| Closed | -$261K |
|
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Miles Capital's Q3 2018 Portfolio in Review
As of Q3 2018, Miles Capital held 216 positions worth $123M, down 24% from $162M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Miles Capital withdrew a net $45.1M in Q3 2018, closing 34 positions and reducing 73 holdings. Its most notable exit was Intuitive Surgical, an estimated $441K position sold in full.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 11% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Miles Capital opened a new position in Visa worth $349K.
- Miles Capital's largest Q3 2018 buy was Visa: 2,324 shares worth $349K.
- Miles Capital added most to Prologis in Q3 2018, an estimated $537K increase.
- Miles Capital's biggest Q3 2018 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $20.6M.
- Miles Capital fully exited Intuitive Surgical in Q3 2018, selling an estimated $441K.
- Miles Capital's ten largest holdings make up 29% of its $123M portfolio in Q3 2018.
- Miles Capital opened 33 new positions and closed 34 in Q3 2018.
- Miles Capital's portfolio value fell 24% quarter-over-quarter to $123M.
Based on Miles Capital's 13F filing for Q3 2018, filed 13 Nov 2018.