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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
SJM icon
76
J.M. Smucker
SJM
$14.1B
$1K ﹤0.01%
8
– –
SKOR icon
77
Northern Trust Credit-Scored US Corporate Bond ETF
SKOR
$741M
$1K ﹤0.01%
20
– –
SSO icon
78
ProShares Ultra S&P500
SSO
$8.52B
$1K ﹤0.01%
56
-184
-77% -$3.11K
TGT icon
79
Target
TGT
$75.4B
$1K ﹤0.01%
15
– –
TIP icon
80
iShares TIPS Bond ETF
TIP
$15.1B
$1K ﹤0.01%
6
– –
UNH icon
81
UnitedHealth
UNH
$355B
$1K ﹤0.01%
2
– –
USMV icon
82
iShares MSCI USA Min Vol Factor ETF
USMV
$24.5B
$1K ﹤0.01%
12
-76
-86% -$4.82K
UST icon
83
ProShares Ultra 7-10 Year Treasury
UST
$14.7M
$1K ﹤0.01%
7
-65
-90% -$4.41K
VLO icon
84
Valero Energy
VLO
$99.8B
$1K ﹤0.01%
33
– –
WU icon
85
Western Union
WU
$2.25B
$1K ﹤0.01%
47
– –
XRX icon
86
Xerox
XRX
$390M
$1K ﹤0.01%
50
– –
ABBV icon
87
AbbVie
ABBV
$456B
$0 ﹤0.01%
1
– –
ALK icon
88
Alaska Air
ALK
$4.71B
$0 ﹤0.01%
2
– –
AMAT icon
89
Applied Materials
AMAT
$383B
$0 ﹤0.01%
3
– –
AXP icon
90
American Express
AXP
$226B
$0 ﹤0.01%
2
– –
BBWI icon
91
Bath & Body Works
BBWI
$3.76B
$0 ﹤0.01%
4
– –
BFH icon
92
Bread Financial
BFH
$4.15B
$0 ﹤0.01%
3
– –
BMY icon
93
Bristol-Myers Squibb
BMY
$137B
$0 ﹤0.01%
1
– –
BWA icon
94
BorgWarner
BWA
$13.2B
$0 ﹤0.01%
1
– –
CAG icon
95
Conagra Brands
CAG
$7.69B
$0 ﹤0.01%
3
– –
CAT icon
96
Caterpillar
CAT
$376B
$0 ﹤0.01%
1
– –
CCL icon
97
Carnival Corporation Ltd
CCL
$34.2B
$0 ﹤0.01%
7
– –
COF icon
98
Capital One
COF
$133B
$0 ﹤0.01%
7
– –
CPRI icon
99
Capri Holdings
CPRI
$1.5B
$0 ﹤0.01%
13
– –
CTSH icon
100
Cognizant
CTSH
$28.7B
$0 ﹤0.01%
10
– –
2 3
4
5 6

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HLC
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LCM
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MCMI
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OMS
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SEM
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PIM
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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.