CIK 1109357
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2021-Q3. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 98.57% | 8 |
| Insurance | 1.43% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SHYG | ISHARES TR | Unclassified | 27.78% |
| 2 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 22.64% |
| 3 | HYG | ISHARES TR | Unclassified | 15.74% |
| 4 | EMB | ISHARES TR | Unclassified | 10.46% |
| 5 | IGSB | ISHARES TR | Unclassified | 8.85% |
| 6 | USHY | ISHARES TR | Unclassified | 8.38% |
| 7 | FLOT | ISHARES TR | Unclassified | 2.99% |
| 8 | ISTB | ISHARES TR | Unclassified | 1.71% |
| 9 | ROOT | Root, Inc. | Financials | 1.43% |
1/9 names classified · sector 1.4% of weight · industry 1.4% · mkt cap 1.4%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 1.4% of the book is sector-classified (unclassified names shown, never dropped).
Only 1% of book weight classified — the grid is NOT representative of the whole book.
Classified: 1.4% of book weight (1/9 names) · unclassified 98.6%: SHYG, SPY, HYG, EMB, IGSB, USHY, FLOT, ISTB. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | SHYGISHARES TR | 840,020 | $38M | 27.8% | NEW |
| 2 | SPYSTATE STR SPDR S&P 500 ETF T | 65,296 | $31M | 22.6% | NEW |
| 3 | HYGISHARES TR | 247,847 | $22M | 15.7% | NEW |
| 4 | EMBISHARES TR | 131,426 | $14M | 10.5% | NEW |
| 5 | IGSBISHARES TR | 225,069 | $12M | 8.9% | NEW |
| 6 | USHYISHARES TR | 278,838 | $11M | 8.4% | NEW |
| 7 | FLOTISHARES TR | 80,633 | $4M | 3.0% | NEW |
| 8 | ISTBISHARES TR | 46,459 | $2M | 1.7% | NEW |
| 9 | ROOTROOT INC | 632,480 | $2M | 1.4% | NEW |
Where this firm's principals came from and which firms its alumni went on to found.
