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Riggs Asset Management Portfolio holdings

AUM $560M
1-Year Est. Return 64.94%
This Fund
S&P 500
This Quarter Est. Return
-13.1%
1 Year Est. Return
+64.94%
3 Year Est. Return
+207.03%
5 Year Est. Return
+268.77%
10 Year Est. Return
+923.4%
AUM
$156M
AUM Growth
-$92.3M
Cap. Flow
-$59.3M
Cap. Flow %
-38.13%
Top 10 Hldgs %
45.56%
Holding
311
New
15
Increased
25
Reduced
72
Closed
38

Top Buys

Rank Stock Value
1
XLK icon
State Street Technology Select Sector SPDR ETF
XLK
+$5.6M
2
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$4.55M
3
CSCO icon
Cisco
CSCO
+$3.79M
4
VZ icon
Verizon
VZ
+$3.16M
5
CRWD icon
CrowdStrike
CRWD
+$586K

Top Sells

Rank Stock Value
1
GLD icon
SPDR Gold Trust
GLD
+$16.1M
2
GDX icon
VanEck Gold Miners ETF
GDX
+$10.8M
3
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$6.65M
4
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$6.03M
5
DIS icon
Walt Disney
DIS
+$5.95M

Sector Composition

Rank Sector Weight
1 Healthcare 15.77%
2 Financials 11.86%
3 Technology 10.48%
4 Communication Services 7.32%
5 Consumer Discretionary 4.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ANET icon
26
Arista Networks
ANET
$243B
$2.16M 1.39%
170,496
+4,848
+3% +$62.9K
TIP icon
27
iShares TIPS Bond ETF
TIP
$14.5B
$2M 1.28%
16,948
+1,179
+7% +$139K
XBI icon
28
State Street SPDR S&P Biotech ETF
XBI
$9.9B
$1.99M 1.28%
25,735
-493
-2% -$43.7K
IRDM icon
29
Iridium Communications
IRDM
$5.26B
$1.92M 1.23%
85,969
-1,198
-1% -$31K
SPHQ icon
30
Invesco S&P 500 Quality ETF
SPHQ
$20B
$1.85M 1.19%
62,009
-4,085
-6% -$142K
META icon
31
Meta Platforms (Facebook)
META
$1.5T
$1.66M 1.06%
9,932
+81
+0.8% +$15.9K
MINT icon
32
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17B
$1.43M 0.92%
14,491
-1,921
-12% -$194K
IEF icon
33
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
$1.35M 0.87%
11,161
-14,501
-57% -$1.67M
IAU icon
34
iShares Gold Trust
IAU
$63.5B
$1.35M 0.87%
44,694
-1,202
-3% -$36.3K
CBU icon
35
Community Bank
CBU
$3.55B
$854K 0.55%
14,539
-650
-4% -$42.2K
FEN
36
DELISTED
First Trust Energy Income and Growth Fund
FEN
$646K 0.42%
74,112
-7,212
-9% -$131K
CRWD icon
37
CrowdStrike
CRWD
$213B
$577K 0.37%
+41,472
New +$586K
MSFT icon
38
Microsoft
MSFT
$3.68T
$489K 0.31%
3,106
-525
-14% -$86.3K
JNJ icon
39
Johnson & Johnson
JNJ
$612B
$388K 0.25%
2,961
– –
QQQ icon
40
Invesco QQQ Trust
QQQ
$484B
$315K 0.2%
1,656
+803
+94% +$170K
MBCN
41
DELISTED
Middlefield Banc Corp
MBCN
$306K 0.2%
19,400
– –
TSLA icon
42
Tesla
TSLA
$1.28T
$275K 0.18%
7,875
-1,125
-13% -$46.6K
BRK.B icon
43
Berkshire Hathaway Class B
BRK.B
$1.11T
$260K 0.17%
1,425
– –
WASH icon
44
Washington Trust Bancorp
WASH
$764M
$257K 0.17%
7,030
– –
PFIS icon
45
Peoples Financial Services
PFIS
$727M
$254K 0.16%
6,399
-1,636
-20% -$74.5K
PG icon
46
Procter & Gamble
PG
$344B
$237K 0.15%
2,160
-588
-21% -$70.6K
IVV icon
47
iShares Core S&P 500 ETF
IVV
$900B
$201K 0.13%
781
– –
NEE icon
48
NextEra Energy
NEE
$181B
$201K 0.13%
3,348
– –
HON icon
49
Honeywell
HON
$78.9B
$179K 0.12%
1,421
-705
-33% -$109K
GOOGL icon
50
Alphabet (Google) Class A
GOOGL
$4.63T
$176K 0.11%
3,040
-800
-21% -$54.2K
1
2
3 4 5

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Riggs Asset Management's Q1 2020 Portfolio in Review

As of Q1 2020, Riggs Asset Management held 311 positions worth $156M, down 37% from $248M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Riggs Asset Management withdrew a net $59.3M in Q1 2020, closing 38 positions and reducing 72 holdings. Its most notable exit was Southwest Airlines, an estimated $5.91M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 12% a quarter earlier, followed by Financials and Technology.

Against the trend, Riggs Asset Management opened a new position in State Street Technology Select Sector SPDR ETF worth $4.93M.

  • Riggs Asset Management's largest Q1 2020 buy was State Street Technology Select Sector SPDR ETF: 122,752 shares worth $4.93M.
  • Riggs Asset Management added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q1 2020, an estimated $4.55M increase.
  • Riggs Asset Management's biggest Q1 2020 reduction was SPDR Gold Trust, cutting an estimated $16.1M.
  • Riggs Asset Management fully exited Southwest Airlines in Q1 2020, selling an estimated $5.91M.
  • Riggs Asset Management's ten largest holdings make up 46% of its $156M portfolio in Q1 2020.
  • Riggs Asset Management opened 15 new positions and closed 38 in Q1 2020.
  • Riggs Asset Management's portfolio value fell 37% quarter-over-quarter to $156M.

Based on Riggs Asset Management's 13F filing for Q1 2020, filed 23 Apr 2020.