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Newfound Research Portfolio holdings

AUM $40.8M
1-Year Est. Return 12.42%
This Fund
S&P 500
This Quarter Est. Return
+0.79%
1 Year Est. Return
-12.42%
3 Year Est. Return
+54.59%
5 Year Est. Return
+89.01%
10 Year Est. Return
–
AUM
$90M
AUM Growth
-$16.6M
Cap. Flow
-$15.1M
Cap. Flow %
-16.74%
Top 10 Hldgs %
95.85%
Holding
232
New
6
Increased
15
Reduced
31
Closed
31

Top Buys

Rank Stock Value
1
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
+$76.3M
2
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$742K
3
BKLN icon
Invesco Senior Loan ETF
BKLN
+$654K
4
PCY icon
Invesco Emerging Markets Sovereign Debt ETF
PCY
+$615K
5
BWX icon
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
+$459K

Top Sells

Rank Stock Value
1
RXI icon
iShares Global Consumer Discretionary ETF
RXI
+$4.85M
2
IXG icon
iShares Global Financials ETF
IXG
+$4.64M
3
IXN icon
iShares Global Tech ETF
IXN
+$4.08M
4
MXI icon
iShares Global Materials ETF
MXI
+$4.04M
5
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$3.92M

Sector Composition

Rank Sector Weight
1 Miscellaneous 99.95%
2 Healthcare 0.01%
3 Technology 0.01%
4 Financials 0.01%
5 Consumer Staples 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMI icon
51
Cummins
CMI
$79B
$1K ﹤0.01%
10
– –
CSM icon
52
ProShares Large Cap Core Plus
CSM
$531M
$1K ﹤0.01%
32
-144
-82% -$5.19K
CVS icon
53
CVS Health
CVS
$119B
$1K ﹤0.01%
11
– –
DFS
54
DELISTED
Discover Financial Services
DFS
$1K ﹤0.01%
22
– –
DGX icon
55
Quest Diagnostics
DGX
$27B
$1K ﹤0.01%
8
– –
ETN icon
56
Eaton
ETN
$162B
$1K ﹤0.01%
12
– –
ETR icon
57
Entergy
ETR
$49.7B
$1K ﹤0.01%
16
– –
FITB
58
Fifth Third Bancorp
FITB
$49.7B
$1K ﹤0.01%
37
– –
GILD icon
59
Gilead Sciences
GILD
$185B
$1K ﹤0.01%
16
– –
HCA icon
60
HCA Healthcare
HCA
$90.8B
$1K ﹤0.01%
15
– –
HUM icon
61
Humana
HUM
$47.1B
$1K ﹤0.01%
2
– –
IBM icon
62
IBM
IBM
$225B
$1K ﹤0.01%
9
– –
KR icon
63
Kroger
KR
$34.9B
$1K ﹤0.01%
36
– –
LRGF icon
64
iShares US Equity Factor ETF
LRGF
$3.72B
$1K ﹤0.01%
37
-162
-81% -$5.22K
LUV icon
65
Southwest Airlines
LUV
$19.5B
$1K ﹤0.01%
21
– –
MPC icon
66
Marathon Petroleum
MPC
$102B
$1K ﹤0.01%
22
– –
MTUM icon
67
iShares MSCI USA Momentum Factor ETF
MTUM
$24.7B
$1K ﹤0.01%
6
-25
-81% -$3.09K
NOBL icon
68
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
$1K ﹤0.01%
22
-100
-82% -$3.49K
PCAR icon
69
PACCAR
PCAR
$66.6B
$1K ﹤0.01%
20
– –
PDBC icon
70
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$7.02B
$1K ﹤0.01%
93
+1
+1% +$15
PHM icon
71
Pultegroup
PHM
$24.1B
$1K ﹤0.01%
34
– –
PSCU icon
72
Invesco S&P SmallCap Utilities & Communication Services ETF
PSCU
$16.8M
$1K ﹤0.01%
27
-100
-79% -$5.14K
PSX icon
73
Phillips 66
PSX
$95.7B
$1K ﹤0.01%
9
– –
RHI icon
74
Robert Half
RHI
$4.6B
$1K ﹤0.01%
16
– –
RSP icon
75
Invesco S&P 500 Equal Weight ETF
RSP
$99.8B
$1K ﹤0.01%
7
-27
-79% -$2.87K
1 2
3
4 5

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AM
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PSCM
Prince Street Capital Management New York $40.3M AUM 0.66% 1-Year Est. Return
HLC
Hunt Lane Capital New York $39.6M AUM 58.74% 1-Year Est. Return
LCM
LH Capital Markets New York $39.4M AUM 14.61% 1-Year Est. Return
MCMI
Matrix China Management III Grand Cayman, Cayman Islands $39.3M AUM
OMS
Obvious Management Services San Francisco, California $42.4M AUM 54.5% 1-Year Est. Return
SEM
Spectrum Equity Management San Francisco, California $39.1M AUM 63.69% 1-Year Est. Return
PIM
Ponoi II Management San Francisco, California $38.3M AUM 32.02% 1-Year Est. Return

Newfound Research's Q1 2020 Portfolio in Review

As of Q1 2020, Newfound Research held 232 positions worth $90M, down 16% from $107M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Newfound Research withdrew a net $15.1M in Q1 2020, closing 31 positions and reducing 31 holdings. Its most notable exit was iShares Global Consumer Discretionary ETF, an estimated $4.85M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 100% of assets, up from 100% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Newfound Research opened a new position in iShares 1-3 Year Treasury Bond ETF worth $77.4M.

  • Newfound Research's largest Q1 2020 buy was iShares 1-3 Year Treasury Bond ETF: 892,931 shares worth $77.4M.
  • Newfound Research added most to iShares 20+ Year Treasury Bond ETF in Q1 2020, an estimated $742K increase.
  • Newfound Research's biggest Q1 2020 reduction was iShares Global Tech ETF, cutting an estimated $4.08M.
  • Newfound Research fully exited iShares Global Consumer Discretionary ETF in Q1 2020, selling an estimated $4.85M.
  • Newfound Research's ten largest holdings make up 96% of its $90M portfolio in Q1 2020.
  • Newfound Research opened 6 new positions and closed 31 in Q1 2020.
  • Newfound Research's portfolio value fell 16% quarter-over-quarter to $90M.

Based on Newfound Research's 13F filing for Q1 2020, filed 27 Apr 2020.