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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
(-5.4%)
Cap. Flow
-$4.49M
Cap. Flow
% of AUM
-1.92%
Top 10 Holdings %
Top 10 Hldgs %
53.67%
Holding
93
New
1
Increased
7
Reduced
44
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Ultra-Short Bond ETF
VUSB
|
+$2.11M |
| 2 |
Calidi Biotherapeutics
CLDI
|
+$470K |
| 3 |
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
|
+$57K |
| 4 |
Vanguard Morningstar Large-Cap ETF
VV
|
+$47.2K |
| 5 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$27.4K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$2M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$1.16M |
| 3 |
iShares TIPS Bond ETF
TIP
|
+$1.07M |
| 4 |
Vanguard Total Bond Market
BND
|
+$981K |
| 5 |
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 | |
|---|---|---|---|---|---|---|
76
Okta
OKTA
$24.9B
| $278K | 0.12% |
3,405
| – | – |
|
77
Waste Management
WM
$91.5B
| $274K | 0.12% |
1,798
| – | – |
|
78
Bank of America
BAC
$441B
| $274K | 0.12% |
9,992
| – | – |
|
79
PNC Financial Services
PNC
$101B
| $262K | 0.11% |
2,131
-82
| -4% | -$10.3K |
|
80
PepsiCo
PEP
$189B
| $248K | 0.11% |
1,463
| – | – |
|
81
Nike
NKE
$62.3B
| $228K | 0.1% |
2,380
-1
| -0% | -$103 |
|
82
Abbott
ABT
$187B
| $224K | 0.1% |
2,318
| – | – |
|
83
McDonald's
MCD
$196B
| $224K | 0.1% |
852
| – | – |
|
84
Chevron
CVX
$371B
| $218K | 0.09% |
1,293
| – | – |
|
85
iShares Core US Aggregate Bond ETF
AGG
$137B
| $218K | 0.09% |
2,313
| – | – |
|
86
Dick's Sporting Goods
DKS
$17.8B
| $217K | 0.09% |
2,003
| – | – |
|
87
CSX Corp
CSX
$93.9B
| $206K | 0.09% |
6,683
| – | – |
|
88
Duke Energy
DUK
$96.6B
| $203K | 0.09% |
2,305
-40
| -2% | -$3.67K |
|
89
Lowe's Companies
LOW
$122B
| $202K | 0.09% |
972
| – | – |
|
90
AT&T
T
$162B
| $196K | 0.08% |
13,060
-230
| -2% | -$3.37K |
|
|
91
Calidi Biotherapeutics
CLDI
$2.16M
| $188K | 0.08% |
+29
| New | +$470K |
|
92
Quantum-Si Incorporated
QSI
$164M
| $61.4K | 0.03% |
37,000
| – | – |
|
|
ZFOX
93
DELISTED
ZeroFox Holdings, Inc. Common Stock
ZFOX
| $18.5K | 0.01% |
21,053
| – | – |
|
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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.