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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
CVX icon
101
Chevron
CVX
$392B
$0 ﹤0.01%
2
– –
DAL icon
102
Delta Air Lines
DAL
$53.4B
$0 ﹤0.01%
9
– –
DINO icon
103
HF Sinclair
DINO
$17.2B
$0 ﹤0.01%
16
– –
DRI icon
104
Darden Restaurants
DRI
$24B
$0 ﹤0.01%
9
– –
DVA icon
105
DaVita
DVA
$11.4B
$0 ﹤0.01%
1
– –
ED icon
106
Consolidated Edison
ED
$39.5B
$0 ﹤0.01%
1
– –
EMN icon
107
Eastman Chemical
EMN
$8.31B
$0 ﹤0.01%
8
– –
F icon
108
Ford
F
$55.6B
$0 ﹤0.01%
25
– –
FBIN icon
109
Fortune Brands Innovations
FBIN
$5.41B
$0 ﹤0.01%
1
– –
FCOM icon
110
Fidelity MSCI Communication Services Index ETF
FCOM
$1.77B
– –
-57,283
Closed -$2.05M
FDIS icon
111
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.68B
– –
-43,348
Closed -$2.09M
FHLC icon
112
Fidelity MSCI Health Care Index ETF
FHLC
$3.49B
$0 ﹤0.01%
10
-36,458
-100% -$1.73M
FIDU icon
113
Fidelity MSCI Industrials Index ETF
FIDU
$2.3B
– –
-47,269
Closed -$1.99M
FL
114
DELISTED
Foot Locker
FL
$0 ﹤0.01%
22
– –
FLR icon
115
Fluor
FLR
$7.24B
$0 ﹤0.01%
3
– –
FMAT icon
116
Fidelity MSCI Materials Index ETF
FMAT
$625M
– –
-60,638
Closed -$2.08M
FNCL icon
117
Fidelity MSCI Financials Index ETF
FNCL
$2.42B
– –
-47,389
Closed -$2.1M
FSLR icon
118
First Solar
FSLR
$22.6B
$0 ﹤0.01%
5
– –
FSTA icon
119
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.41B
– –
-55,303
Closed -$2.08M
GEN icon
120
Gen Digital
GEN
$18.3B
– –
-2
Closed –
GIS icon
121
General Mills
GIS
$21.6B
$0 ﹤0.01%
2
– –
GM icon
122
General Motors
GM
$75.6B
$0 ﹤0.01%
10
– –
GME icon
123
GameStop
GME
$8.19B
$0 ﹤0.01%
56
– –
GS icon
124
Goldman Sachs
GS
$303B
$0 ﹤0.01%
2
– –
GT icon
125
Goodyear
GT
$1.77B
$0 ﹤0.01%
16
– –
3 4
5
6 7

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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.