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PPM America Portfolio holdings

AUM $16.6M
1-Year Est. Return 31.99%
This Fund
S&P 500
This Quarter Est. Return
-0.08%
1 Year Est. Return
+31.99%
3 Year Est. Return
+45.95%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$20.7M
AUM Growth
-$4.42M
Cap. Flow
-$4.06M
Cap. Flow %
-19.62%
Top 10 Hldgs %
100%
Holding
10
New
1
Increased
1
Reduced
–
Closed
2

Top Buys

1
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$490K
2
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$281K

Top Sells

1
BKLN icon
Invesco Senior Loan ETF
BKLN
+$2.42M
2
SRLN icon
State Street Blackstone Senior Loan ETF
SRLN
+$2.4M

Sector Composition

1 Energy 17.66%
2 Communication Services 10.36%
3 Consumer Staples 10.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USHY icon
1
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.8B
$12.3M 59.44%
345,747
+8,000
+2% +$281K
MPLX icon
2
MPLX
MPLX
$58B
$3.08M 14.89%
89,400
– –
NAPA
3
DELISTED
The Duckhorn Portfolio, Inc.
NAPA
$2.1M 10.14%
131,819
– –
IHRT icon
4
iHeartMedia
IHRT
$585M
$1.18M 5.69%
301,737
– –
CCO icon
5
Clear Channel Outdoor Holdings
CCO
$1.23B
$862K 4.17%
718,262
– –
AMPY icon
6
Amplify Energy
AMPY
$164M
$572K 2.76%
83,213
– –
LQD icon
7
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$35.2B
$496K 2.4%
+4,525
New +$490K
DISH
8
DELISTED
DISH Network Corp.
DISH
$104K 0.51%
11,197
– –
BKLN icon
9
Invesco Senior Loan ETF
BKLN
$7.19B
– –
-118,000
Closed -$2.42M
SRLN icon
10
State Street Blackstone Senior Loan ETF
SRLN
$5.3B
– –
-58,800
Closed -$2.4M

Similar funds

LPC
Lion Point Capital New York $16.7M AUM 119.35% 1-Year Est. Return
PA
Prossimo Advisors San Luis Obispo, California $16.4M AUM 14% 1-Year Est. Return
SR
Swiss Re Zurich, Switzerland $16.4M AUM
SCTC
Samsung C&T Corporation Seoul, South Korea $17.2M AUM 23.45% 1-Year Est. Return
SRA
Summit Rock Advisors New York $16M AUM
CP
Covalent Partners Concord, Massachusetts $17.6M AUM 2.91% 1-Year Est. Return
CVV
Curative Ventures V Dallas, Texas $15.6M AUM 52.53% 1-Year Est. Return
B
BP London, United Kingdom $17.7M AUM 12.34% 1-Year Est. Return

PPM America's Q1 2023 Portfolio in Review

As of Q1 2023, PPM America held 10 positions worth $20.7M, down 18% from $25.1M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

PPM America withdrew a net $4.06M in Q1 2023, closing 2 positions. Its most notable exit was Invesco Senior Loan ETF, an estimated $2.42M position sold in full.

By sector, the portfolio is most concentrated in Energy at 18% of assets, up from 15% a quarter earlier, followed by Communication Services and Consumer Staples.

Against the trend, PPM America opened a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF worth $496K.

  • PPM America's largest Q1 2023 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 4,525 shares worth $496K.
  • PPM America added most to iShares Broad USD High Yield Corporate Bond ETF in Q1 2023, an estimated $281K increase.
  • PPM America fully exited Invesco Senior Loan ETF in Q1 2023, selling an estimated $2.42M.
  • PPM America's ten largest holdings make up 100% of its $20.7M portfolio in Q1 2023.
  • PPM America opened 1 new position and closed 2 in Q1 2023.
  • PPM America's portfolio value fell 18% quarter-over-quarter to $20.7M.

Based on PPM America's 13F filing for Q1 2023, filed 10 May 2023.