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RFN
Redwood Financial Network Portfolio holdings
AUM
$153M
1-Year Est. Return
17.17%
This Fund
S&P 500
This Quarter
Est. Return
-2.38%
1 Year Est. Return
+17.17%
3 Year Est. Return
+55.17%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$94.4M
AUM Growth
-$12.3M
(-12%)
Cap. Flow
-$9.72M
Cap. Flow
% of AUM
-10.3%
Top 10 Holdings %
Top 10 Hldgs %
28.12%
Holding
160
New
10
Increased
41
Reduced
80
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Janus Henderson Short Duration Income ETF
VNLA
|
+$571K |
| 2 |
Invesco Variable Rate Preferred ETF
VRP
|
+$461K |
| 3 |
State Street SPDR Portfolio High Yield Bond ETF
SPHY
|
+$447K |
| 4 |
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
|
+$388K |
| 5 |
Schwab US Large-Cap Growth ETF
SCHG
|
+$341K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.05M |
| 2 |
Vanguard Morningstar Mega Cap Value ETF
MGV
|
+$636K |
| 3 |
Vanguard Morningstar Mega Cap Growth ETF
MGK
|
+$563K |
| 4 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$539K |
| 5 |
Vanguard Information Technology ETF
VGT
|
+$465K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.28% |
| 2 | Communication Services | 3.91% |
| 3 | Consumer Discretionary | 3.18% |
| 4 | Financials | 2.23% |
| 5 | Healthcare | 2.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
PepsiCo
PEP
$189B
| – | – |
-1,170
| Closed | -$217K |
|
152
Southern Company
SO
$107B
| – | – |
-4,737
| Closed | -$333K |
|
153
Invesco S&P 500 Quality ETF
SPHQ
$19.7B
| – | – |
-3,977
| Closed | -$201K |
|
154
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.6B
| – | – |
-8,703
| Closed | -$256K |
|
155
State Street Blackstone Senior Loan ETF
SRLN
$5.33B
| – | – |
-6,192
| Closed | -$259K |
|
156
Tapestry
TPR
$32.7B
| – | – |
-4,716
| Closed | -$202K |
|
157
iShares MSCI USA Min Vol Factor ETF
USMV
$24.1B
| – | – |
-5,407
| Closed | -$402K |
|
158
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24B
| – | – |
-1,568
| Closed | -$217K |
|
159
Verizon
VZ
$195B
| – | – |
-7,373
| Closed | -$274K |
|
160
State Street Utilities Select Sector SPDR ETF
XLU
$22.4B
| – | – |
-7,188
| Closed | -$235K |
|
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HWM
CMMS
RHAM
FHC
APW
II
BCI
Redwood Financial Network's Q3 2023 Portfolio in Review
As of Q3 2023, Redwood Financial Network held 160 positions worth $94.4M, down 12% from $107M the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Redwood Financial Network withdrew a net $9.72M in Q3 2023, closing 25 positions and reducing 80 holdings. Its most notable exit was Vanguard Morningstar Mega Cap Value ETF, an estimated $636K position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.3% of assets, up from 8% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Redwood Financial Network opened a new position in Invesco Variable Rate Preferred ETF worth $458K.
- Redwood Financial Network's largest Q3 2023 buy was Invesco Variable Rate Preferred ETF: 20,473 shares worth $458K.
- Redwood Financial Network added most to Janus Henderson Short Duration Income ETF in Q3 2023, an estimated $571K increase.
- Redwood Financial Network's biggest Q3 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.05M.
- Redwood Financial Network fully exited Vanguard Morningstar Mega Cap Value ETF in Q3 2023, selling an estimated $636K.
- Redwood Financial Network's ten largest holdings make up 28% of its $94.4M portfolio in Q3 2023.
- Redwood Financial Network opened 10 new positions and closed 25 in Q3 2023.
- Redwood Financial Network's portfolio value fell 12% quarter-over-quarter to $94.4M.
Based on Redwood Financial Network's 13F filing for Q3 2023, filed 8 Nov 2023.