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MAM
Morse Asset Management Portfolio holdings
AUM
$481M
1-Year Est. Return
46%
This Fund
S&P 500
This Quarter
Est. Return
+5.98%
1 Year Est. Return
+46%
3 Year Est. Return
+152.98%
5 Year Est. Return
+238.35%
10 Year Est. Return
–
AUM
$365M
AUM Growth
+$3.81M
(+1.1%)
Cap. Flow
-$12M
Cap. Flow
% of AUM
-3.29%
Top 10 Holdings %
Top 10 Hldgs %
36.52%
Holding
153
New
9
Increased
52
Reduced
48
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alaska Air
ALK
|
+$1.16M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$1.06M |
| 3 |
Constellation Brands
STZ
|
+$989K |
| 4 |
Cintas
CTAS
|
+$846K |
| 5 |
COR
Coresite Realty Corporation
COR
|
+$830K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Materials
AMAT
|
+$2.72M |
| 2 |
Yum China
YUMC
|
+$2.31M |
| 3 |
RTN
Raytheon Company
RTN
|
+$1.81M |
| 4 |
Cummins
CMI
|
+$1.73M |
| 5 |
Chubb
CB
|
+$1.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.03% |
| 2 | Technology | 20.59% |
| 3 | Industrials | 13.75% |
| 4 | Healthcare | 12.27% |
| 5 | Communication Services | 8.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Air Products & Chemicals
APD
$66.1B
| $213K | 0.06% |
1,365
+65
| +5% | +$10.6K |
|
127
Kinder Morgan
KMI
$71.3B
| $212K | 0.06% |
12,000
| – | – |
|
128
Occidental Petroleum
OXY
$54.9B
| $209K | 0.06% |
+2,500
| New | +$200K |
|
129
LGI Homes
LGIH
$1.45B
| $207K | 0.06% |
+3,580
| New | +$231K |
|
130
Aon
AON
$80.4B
| $206K | 0.06% |
1,500
| – | – |
|
|
CMO
131
DELISTED
Capstead Mortgage Corp.
CMO
| $125K | 0.03% |
14,000
| – | – |
|
|
EEP
132
DELISTED
Enbridge Energy Partners
EEP
| $109K | 0.03% |
10,000
| – | – |
|
|
133
Applied Materials
AMAT
$378B
| – | – |
-48,975
| Closed | -$2.72M |
|
134
A.O. Smith
AOS
$8.83B
| – | – |
-7,450
| Closed | -$474K |
|
135
Builders FirstSource
BLDR
$8.09B
| – | – |
-69,725
| Closed | -$1.38M |
|
|
CTRA
136
DELISTED
Coterra Energy
CTRA
| – | – |
-22,485
| Closed | -$539K |
|
137
Fastenal
FAST
$56.2B
| – | – |
-65,600
| Closed | -$895K |
|
138
Goldman Sachs
GS
$300B
| – | – |
-5,730
| Closed | -$1.44M |
|
|
NAAS
139
NaaS Technology Inc
NAAS
$59.2M
| – | – |
-2
| Closed | -$221K |
|
140
Norwegian Cruise Line
NCLH
$9.31B
| – | – |
-19,300
| Closed | -$1.02M |
|
141
NetEase
NTES
$81.4B
| – | – |
-7,360
| Closed | -$413K |
|
142
Royal Caribbean
RCL
$82.6B
| – | – |
-2,500
| Closed | -$294K |
|
143
AT&T
T
$173B
| – | – |
-7,944
| Closed | -$214K |
|
144
Thor Industries
THO
$4.11B
| – | – |
-10,740
| Closed | -$1.24M |
|
145
TSMC
TSM
$2T
| – | – |
-17,345
| Closed | -$759K |
|
146
Weibo
WB
$1.93B
| – | – |
-9,865
| Closed | -$1.18M |
|
|
147
Yum China
YUMC
$15.7B
| – | – |
-55,610
| Closed | -$2.31M |
|
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SDWIA
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PFM
FCM
DA
Morse Asset Management's Q2 2018 Portfolio in Review
As of Q2 2018, Morse Asset Management held 153 positions worth $365M, up 1.1% from $361M the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Morse Asset Management withdrew a net $12M in Q2 2018, closing 15 positions and reducing 48 holdings. Its most notable exit was Applied Materials, an estimated $2.72M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 21% a quarter earlier, followed by Technology and Industrials.
Against the trend, Morse Asset Management opened a new position in Alaska Air worth $1.14M.
- Morse Asset Management's largest Q2 2018 buy was Alaska Air: 18,800 shares worth $1.14M.
- Morse Asset Management added most to Pioneer Natural Resource Co. in Q2 2018, an estimated $1.06M increase.
- Morse Asset Management's biggest Q2 2018 reduction was Raytheon Company, cutting an estimated $1.81M.
- Morse Asset Management fully exited Applied Materials in Q2 2018, selling an estimated $2.72M.
- Morse Asset Management's ten largest holdings make up 37% of its $365M portfolio in Q2 2018.
- Morse Asset Management opened 9 new positions and closed 15 in Q2 2018.
- Morse Asset Management's portfolio value rose 1.1% quarter-over-quarter to $365M.
Based on Morse Asset Management's 13F filing for Q2 2018, filed 15 Aug 2018.