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RWI

Red Wave Investments Portfolio holdings

AUM $335M
1-Year Est. Return 15.13%
This Fund
S&P 500
This Quarter Est. Return
-3.43%
1 Year Est. Return
+15.13%
3 Year Est. Return
+46.98%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$234M
AUM Growth
-$13.3M
Cap. Flow
-$4.48M
Cap. Flow %
-1.91%
Top 10 Hldgs %
53.67%
Holding
93
New
1
Increased
7
Reduced
44
Closed
–

Top Buys

Rank Stock Value
1
VUSB icon
Vanguard Ultra-Short Bond ETF
VUSB
+$2.11M
2
CLDI icon
Calidi Biotherapeutics
CLDI
+$470K
3
SPDW icon
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
+$57K
4
VV icon
Vanguard Morningstar Large-Cap ETF
VV
+$47.2K
5
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$27.4K

Top Sells

Rank Stock Value
1
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$2M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.16M
3
TIP icon
iShares TIPS Bond ETF
TIP
+$1.07M
4
BND icon
Vanguard Total Bond Market
BND
+$981K
5
LQDH icon
iShares Interest Rate Hedged Corporate Bond ETF
LQDH
+$522K

Sector Composition

Rank Sector Weight
1 Technology 4.45%
2 Consumer Discretionary 2.15%
3 Financials 1.78%
4 Healthcare 1.57%
5 Consumer Staples 1.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUB icon
26
iShares National Muni Bond ETF
MUB
$45.4B
$2.48M 1.06%
24,197
-463
-2% -$48.8K
VUG icon
27
Vanguard Morningstar Growth ETF
VUG
$230B
$2.36M 1.01%
52,074
-150
-0.3% -$7.08K
VSS icon
28
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.6B
$2.29M 0.98%
21,552
– –
HD icon
29
Home Depot
HD
$347B
$1.86M 0.8%
6,163
– –
IVLU icon
30
iShares MSCI Intl Value Factor ETF
IVLU
$4.5B
$1.62M 0.69%
63,805
– –
TIP icon
31
iShares TIPS Bond ETF
TIP
$14.5B
$1.58M 0.68%
15,255
-10,118
-40% -$1.07M
SPY icon
32
State Street SPDR S&P 500 ETF Trust
SPY
$821B
$1.44M 0.62%
3,375
– –
PCY icon
33
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.4B
$1.34M 0.57%
73,102
-2,937
-4% -$56.4K
BRK.B icon
34
Berkshire Hathaway Class B
BRK.B
$1.12T
$1.2M 0.51%
3,432
– –
AMZN icon
35
Amazon
AMZN
$2.99T
$1.19M 0.51%
9,393
-3
-0% -$402
NVDA icon
36
NVIDIA
NVDA
$5.13T
$1.18M 0.5%
27,100
-10
-0% -$448
COST icon
37
Costco
COST
$423B
$1.16M 0.5%
2,059
-13
-0.6% -$7.18K
XOM icon
38
ExxonMobil
XOM
$643B
$1.16M 0.49%
9,848
– –
VTEB icon
39
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
$1.14M 0.49%
23,674
-326
-1% -$16.1K
MA icon
40
Mastercard
MA
$500B
$1.12M 0.48%
2,819
-21
-0.7% -$8.43K
DFAX icon
41
Dimensional World ex US Core Equity 2 ETF
DFAX
$12.3B
$1.04M 0.45%
46,270
– –
GOOGL icon
42
Alphabet (Google) Class A
GOOGL
$4.62T
$1.02M 0.44%
7,804
– –
WMT icon
43
Walmart Inc
WMT
$888B
$920K 0.39%
17,265
– –
TSLA icon
44
Tesla
TSLA
$1.29T
$807K 0.34%
3,224
– –
MRK icon
45
Merck
MRK
$316B
$787K 0.34%
7,643
– –
ICSH icon
46
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.12B
$745K 0.32%
14,792
-330
-2% -$16.6K
IXUS icon
47
iShares Core MSCI Total International Stock ETF
IXUS
$59.6B
$744K 0.32%
12,409
– –
CSCO icon
48
Cisco
CSCO
$480B
$691K 0.3%
12,860
-612
-5% -$33K
JPM icon
49
JPMorgan Chase
JPM
$950B
$684K 0.29%
4,719
– –
VTIP icon
50
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
$656K 0.28%
13,874
– –
1
2
3 4

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MAM
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PHWM
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PMA
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HFS
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Red Wave Investments's Q3 2023 Portfolio in Review

As of Q3 2023, Red Wave Investments held 93 positions worth $234M, down 5.4% from $247M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Trading was light in Q3 2023: portfolio turnover was 1.1%. Red Wave Investments opened 1 new position and made no exits, leaving the 93-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 4.5% of assets, down from 4.5% a quarter earlier, followed by Consumer Discretionary and Financials.

  • Red Wave Investments's largest Q3 2023 buy was Calidi Biotherapeutics: 29 shares worth $188K.
  • Red Wave Investments added most to Vanguard Ultra-Short Bond ETF in Q3 2023, an estimated $2.11M increase.
  • Red Wave Investments's biggest Q3 2023 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $2M.
  • Red Wave Investments's ten largest holdings make up 54% of its $234M portfolio in Q3 2023.
  • Red Wave Investments opened 1 new position and closed 0 in Q3 2023.
  • Red Wave Investments's portfolio value fell 5.4% quarter-over-quarter to $234M.

Based on Red Wave Investments's 13F filing for Q3 2023, filed 7 Nov 2023.