CIK 1569656
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2016-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 | 99.03% | 20 |
| Banks | 0.97% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TOTL | SSGA ACTIVE ETF TR | Unclassified | 19.52% |
| 2 | MARKET VECTORS ETF TR | Unclassified | 19.23% | |
| 3 | PFF | ISHARES TR | Unclassified | 17.19% |
| 4 | MUB | ISHARES TR | Unclassified | 16.37% |
| 5 | LQD | ISHARES TR | Unclassified | 10.50% |
| 6 | VCIT | VANGUARD SCOTTSDALE FDS | Unclassified | 6.62% |
| 7 | POWERSHARES ETF TR II | Unclassified | 1.54% | |
| 8 | ICF | IShares Cohen & Steers REIT ETF | Unclassified | 1.21% |
| 9 | HYG | ISHARES TR | Unclassified | 1.19% |
| 10 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 1.12% |
2/22 names classified · sector 1.0% of weight · industry 1.0% · mkt cap 1.0%; 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: 1.0% 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: 1.0% of book weight (2/17 names) · unclassified 99.0%: , TOTL, PFF, MUB, LQD, VCIT, ICF, HYG, SPY, IJH +5 more. 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 | TOTLSSGA ACTIVE ETF TR | 248,800 | $12M | 19.5% | TRIM −7% |
| 2 | MARKET VECTORS ETF TR | 399,500 | $12M | 19.2% | HOLD |
| 3 | PFFISHARES TR | 284,825 | $11M | 17.2% | HOLD |
| 4 | MUBISHARES TR | 93,300 | $10M | 16.4% | HOLD |
| 5 | LQDISHARES TR | 55,250 | $6M | 10.5% | HOLD |
| 6 | VCITVANGUARD SCOTTSDALE FDS | 47,625 | $4M | 6.6% | HOLD |
| 7 | POWERSHARES ETF TR II | 50,425 | $947,000 | 1.5% | HOLD |
| 8 | ICFIShares Cohen & Steers REIT ETF | 7,500 | $747,000 | 1.2% | HOLD |
| 9 | HYGISHARES TR | 8,475 | $734,000 | 1.2% | HOLD |
| 10 | SPYSTATE STR SPDR S&P 500 ETF T | 3,100 | $693,000 | 1.1% | ADD 4% |
| 11 | Guggenheim S&P 500 Equal Weighted ETF | 6,525 | $565,000 | 0.9% | HOLD |
| 12 | IJHISHARES TR | 3,100 | $513,000 | 0.8% | HOLD |
| 13 | BACBANK AMERICA CORP | 21,440 | $474,000 | 0.8% | HOLD |
| 14 | SPDR Bloomberg Barclays High Yie | 11,050 | $403,000 | 0.7% | HOLD |
| 15 | POWERSHARES QQQ TRUST | 3,250 | $385,000 | 0.6% | HOLD |
| 16 | IJRISHARES TR | 2,675 | $368,000 | 0.6% | HOLD |
| 17 | QQEWFirst Trust NASDAQ-100 Equal Wtd ETF | 5,765 | $266,000 | 0.4% | HOLD |
| 18 | ITOTISHARES TR | 3,500 | $180,000 | 0.3% | HOLD |
| 19 | BOHBANK HAWAII CORP | 600 | $123,000 | 0.2% | HOLD |
| 20 | Alphabet CL C | 100 | $77,000 | 0.1% | HOLD |
| 21 | IAUISHARES GOLD TRUST | 3,850 | $43,000 | 0.1% | TRIM −91% |
| 22 | IYRISHARES TR | 100 | $8,000 | 0.0% | HOLD |
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