NR
Newfound Research Portfolio holdings
AUM
$40.8M
Turnover
15.49%
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
(-18%)
Cap. Flow
-$26.2M
Cap. Flow
% of AUM
-18.19%
Top 10 Holdings %
Top 10 Hldgs %
86.29%
Holding
235
New
6
Increased
67
Reduced
52
Closed
33
Avg Time Held
1.8
years
Top 10 Avg Time Held
0.1
years
Top 20 Avg Time Held
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$70.8M |
| 2 |
Vanguard Real Estate ETF
VNQ
|
+$5.05M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$3.77M |
| 4 |
iShares Global Consumer Staples ETF
KXI
|
+$2.74M |
| 5 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$1.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Senior Loan ETF
BKLN
|
+$13.3M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$12.2M |
| 3 |
iShares Global Energy ETF
IXC
|
+$8.85M |
| 4 |
iShares Global Consumer Discretionary ETF
RXI
|
+$8.73M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
126
American Airlines Group
AAL
$7.8B
| $0 | ﹤0.01% |
5
| – | – |
2016 Q2
10 quarters
|
|
127
AES
AES
$10.7B
| $0 | ﹤0.01% |
15
-2
| -12% | -$30 |
2016 Q2
10 quarters
|
|
128
Alaska Air
ALK
$4.01B
| $0 | ﹤0.01% |
2
| – | – |
2016 Q4
8 quarters
|
|
129
American Express
AXP
$207B
| $0 | ﹤0.01% |
3
| – | – |
2018 Q1
3 quarters
|
|
130
Bread Financial
BFH
$3.78B
| $0 | ﹤0.01% |
4
+1
| +33% | +$157 |
2018 Q1
3 quarters
|
|
131
Bank of New York Mellon
BNY
$92.6B
| $0 | ﹤0.01% |
7
-1
| -13% | -$49 |
2018 Q1
3 quarters
|
|
132
Cardinal Health
CAH
$56.9B
| $0 | ﹤0.01% |
5
| – | – |
2016 Q2
10 quarters
|
|
133
Carnival Corporation Ltd
CCL
$34.9B
| $0 | ﹤0.01% |
7
+1
| +17% | +$57 |
2018 Q1
3 quarters
|
|
134
Cognizant
CTSH
$28B
| $0 | ﹤0.01% |
6
+2
| +50% | +$139 |
2018 Q1
3 quarters
|
|
135
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.25B
| – | – |
-41,609
| Closed | -$2.24M | – |
|
136
D.R. Horton
DHI
$37.2B
| $0 | ﹤0.01% |
14
| – | – |
2016 Q2
10 quarters
|
|
137
HF Sinclair
DINO
$22.7B
| $0 | ﹤0.01% |
8
+4
| +100% | +$245 |
2018 Q3
1 quarter
|
|
138
Consolidated Edison
ED
$40.4B
| $0 | ﹤0.01% |
4
| – | – |
2018 Q1
3 quarters
|
|
139
Edison International
EIX
$21.2B
| $0 | ﹤0.01% |
8
-2
| -20% | -$124 |
2018 Q1
3 quarters
|
|
140
iShares Global Industrials ETF
EXI
$1.42B
| – | – |
-60,166
| Closed | -$5.63M | – |
|
141
Ford
F
$47.9B
| $0 | ﹤0.01% |
52
-4
| -7% | -$36 |
2016 Q2
10 quarters
|
|
142
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.6B
| – | – |
-46,786
| Closed | -$2.13M | – |
|
143
FirstEnergy
FE
$26.2B
| – | – |
-29
| Closed | -$1K | – |
|
144
Fidelity MSCI Energy Index ETF
FENY
$2.24B
| – | – |
-100,725
| Closed | -$2.14M | – |
|
145
Fidelity MSCI Industrials Index ETF
FIDU
$2.16B
| – | – |
-51,928
| Closed | -$2.09M | – |
|
146
Fluor
FLR
$6.36B
| $0 | ﹤0.01% |
3
| – | – |
2016 Q2
10 quarters
|
|
147
Fidelity MSCI Financials Index ETF
FNCL
$2.24B
| – | – |
-50,615
| Closed | -$2.04M | – |
|
148
Fidelity MSCI Information Technology Index ETF
FTEC
$21.7B
| – | – |
-35,598
| Closed | -$2.14M | – |
|
149
TechnipFMC
FTI
$27.3B
| $0 | ﹤0.01% |
11
+2
| +22% | +$37 |
2018 Q1
3 quarters
|
|
150
General Motors
GM
$72.8B
| $0 | ﹤0.01% |
13
-1
| -7% | -$35 |
2016 Q2
10 quarters
|
|
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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.