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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
-2.83%
1 Year Est. Return
-12.42%
3 Year Est. Return
+54.59%
5 Year Est. Return
+89.01%
10 Year Est. Return
–
AUM
$144M
AUM Growth
-$32.1M
Cap. Flow
-$26.2M
Cap. Flow %
-18.19%
Top 10 Hldgs %
86.29%
Holding
235
New
6
Increased
67
Reduced
52
Closed
33

Top Buys

Rank Stock Value
1
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
+$70.8M
2
VNQ icon
Vanguard Real Estate ETF
VNQ
+$5.05M
3
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.77M
4
KXI icon
iShares Global Consumer Staples ETF
KXI
+$2.74M
5
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$1.84M

Top Sells

Rank Stock Value
1
BKLN icon
Invesco Senior Loan ETF
BKLN
+$13.3M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$12.2M
3
IXC icon
iShares Global Energy ETF
IXC
+$8.85M
4
RXI icon
iShares Global Consumer Discretionary ETF
RXI
+$8.73M
5
XLC icon
State Street Communication Services Select Sector SPDR ETF
XLC
+$6.12M

Sector Composition

Rank Sector Weight
1 Miscellaneous 99.93%
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
AAL icon
126
American Airlines Group
AAL
$9.08B
$0 ﹤0.01%
5
– –
AES icon
127
AES
AES
$10.5B
$0 ﹤0.01%
15
-2
-12% -$30
ALK icon
128
Alaska Air
ALK
$4.71B
$0 ﹤0.01%
2
– –
AXP icon
129
American Express
AXP
$226B
$0 ﹤0.01%
3
– –
BFH icon
130
Bread Financial
BFH
$4.15B
$0 ﹤0.01%
4
+1
+33% +$157
BNY
131
Bank of New York Mellon
BNY
$110B
$0 ﹤0.01%
7
-1
-13% -$49
CAH icon
132
Cardinal Health
CAH
$54.7B
$0 ﹤0.01%
5
– –
CCL icon
133
Carnival Corporation Ltd
CCL
$34.2B
$0 ﹤0.01%
7
+1
+17% +$57
CTSH icon
134
Cognizant
CTSH
$28.7B
$0 ﹤0.01%
6
+2
+50% +$139
CWB icon
135
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.68B
– –
-41,609
Closed -$2.24M
DHI icon
136
D.R. Horton
DHI
$40.6B
$0 ﹤0.01%
14
– –
DINO icon
137
HF Sinclair
DINO
$17.2B
$0 ﹤0.01%
8
+4
+100% +$245
ED icon
138
Consolidated Edison
ED
$39.5B
$0 ﹤0.01%
4
– –
EIX icon
139
Edison International
EIX
$28.4B
$0 ﹤0.01%
8
-2
-20% -$124
EXI icon
140
iShares Global Industrials ETF
EXI
$1.46B
– –
-60,166
Closed -$5.63M
F icon
141
Ford
F
$55.6B
$0 ﹤0.01%
52
-4
-7% -$36
FDIS icon
142
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.68B
– –
-46,786
Closed -$2.13M
FE icon
143
FirstEnergy
FE
$26.8B
– –
-29
Closed -$1K
FENY icon
144
Fidelity MSCI Energy Index ETF
FENY
$2.1B
– –
-100,725
Closed -$2.14M
FIDU icon
145
Fidelity MSCI Industrials Index ETF
FIDU
$2.3B
– –
-51,928
Closed -$2.09M
FLR icon
146
Fluor
FLR
$7.24B
$0 ﹤0.01%
3
– –
FNCL icon
147
Fidelity MSCI Financials Index ETF
FNCL
$2.42B
– –
-50,615
Closed -$2.04M
FTEC icon
148
Fidelity MSCI Information Technology Index ETF
FTEC
$21.4B
– –
-35,598
Closed -$2.14M
FTI icon
149
TechnipFMC
FTI
$29.9B
$0 ﹤0.01%
11
+2
+22% +$37
GM icon
150
General Motors
GM
$75.6B
$0 ﹤0.01%
13
-1
-7% -$35
4 5
6
7 8

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HLC
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LCM
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MCMI
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SEM
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PIM
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Newfound Research's Q4 2018 Portfolio in Review

As of Q4 2018, Newfound Research held 235 positions worth $144M, down 18% from $176M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Newfound Research withdrew a net $26.2M in Q4 2018, closing 33 positions and reducing 52 holdings. Its most notable exit was iShares Global Energy ETF, an estimated $8.85M 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 $71.3M.

  • Newfound Research's largest Q4 2018 buy was iShares 1-3 Year Treasury Bond ETF: 852,064 shares worth $71.3M.
  • Newfound Research added most to Vanguard Real Estate ETF in Q4 2018, an estimated $5.05M increase.
  • Newfound Research's biggest Q4 2018 reduction was Invesco Senior Loan ETF, cutting an estimated $13.3M.
  • Newfound Research fully exited iShares Global Energy ETF in Q4 2018, selling an estimated $8.85M.
  • Newfound Research's ten largest holdings make up 86% of its $144M portfolio in Q4 2018.
  • Newfound Research opened 6 new positions and closed 33 in Q4 2018.
  • Newfound Research's portfolio value fell 18% quarter-over-quarter to $144M.

Based on Newfound Research's 13F filing for Q4 2018, filed 25 Jan 2019.