ABSOLUTE CAPITAL MANAGEMENT LLC's Q2 2022 13F: 17 new positions, 23 exits
Form 13F-HR for the quarter ended Jun 30, 2022 · filed Aug 5, 2022 · 48 reported positions · accession 0001606587-22-001631
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | iShares iBonds 2023 Term High Yield and Income ETF (IBHC) | — | 14.1% | +14.1 pts | +376K sh | new |
| Reduced | Invesco BulletShares 2024 High Yield Corporate Bond (BSJO) | 7.2% | 0.8% | −6.3 pts | −228K sh | −91% |
| Exited | SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) | 4.9% | — | −4.9 pts | −155K sh | −100% |
| Increased | Invesco S&P 500 Low Volatility ETF (SPLV) | 3.1% | 7.6% | +4.5 pts | +37,296 sh | +96% |
| New | BlackRock Ultra Short-Term Bon (ICSH) | — | 3.5% | +3.5 pts | +43,923 sh | new |
| Exited | Vanguard Financials ETF (VFH) | 3.5% | — | −3.5 pts | −31,526 sh | −100% |
| Exited | Vanguard Utilities ETF (VPU) | 3.1% | — | −3.1 pts | −16,000 sh | −100% |
| New | Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) | — | 2.7% | +2.7 pts | +37,772 sh | new |
| Exited | Procter & Gamble Company (The) (PG) | 2.6% | — | −2.6 pts | −14,300 sh | −100% |
| Exited | Invesco QQQ Trust Series 1 (QQQ) | 2.5% | — | −2.5 pts | −5,812 sh | −100% |
| Increased | iShares Edge MSCI Min Vol USA (USMV) | 8.4% | 12.7% | +4.3 pts | +22,020 sh | +24% |
| Exited | SPDR S&P 500 ETF (SPY) | 2.5% | — | −2.5 pts | −4,563 sh | −100% |
| Reduced | Vanguard Information Technology ETF (VGT) | 3.8% | 1.7% | −2.1 pts | −4,394 sh | −57% |
| Exited | Janus Henderson Short Duration Income ETF (VNLA) | 1.8% | — | −1.8 pts | −31,300 sh | −100% |
| Exited | iShares Russell 2000 ETF (IWM) | 1.8% | — | −1.8 pts | −7,431 sh | −100% |
| New | iShares iBonds Dec 2023 Term Corporate ETF (IBDO) | — | 1.8% | +1.8 pts | +44,728 sh | new |
| Exited | iShares MSCI USA Momentum Factor ETF (MTUM) | 1.8% | — | −1.8 pts | −8,918 sh | −100% |
| Reduced | Vanguard Industrials ETF (VIS) | 4.2% | 3.9% | −0.2 pts | −5,186 sh | −29% |
| Reduced | Vanguard Health Care ETF (VHT) | 4.0% | 3.6% | −0.5 pts | −3,850 sh | −29% |
| Exited | Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) | 1.4% | — | −1.4 pts | −49,000 sh | −100% |
| Reduced | Vanguard Total Stock Market ETF (VTI) | 1.9% | 0.8% | −1.1 pts | −4,396 sh | −62% |
| New | SPDR Blmbg Barclays 1-3 Mth T-Bill ETF (BIL) | — | 1.2% | +1.2 pts | +7,958 sh | new |
| New | Fidelity MSCI Energy Index ETF (FENY) | — | 1.2% | +1.2 pts | +37,050 sh | new |
| Reduced | Alphabet Inc C (GOOG) | 2.9% | 2.0% | −0.9 pts | −300 sh | −35% |
| Reduced | Vanguard 500 ETF (VOO) | 2.0% | 1.3% | −0.7 pts | −1,800 sh | −44% |
| New | iShares US Infrastructure ETF (IFRA) | — | 1.0% | +1.0 pts | +18,154 sh | new |
| Exited | Invesco S&P 500 Equal Weight ETF (RSP) | 1.0% | — | −1.0 pts | −5,200 sh | −100% |
| New | iShares Short Treasury Bond (SHV) | — | 1.0% | +1.0 pts | +5,535 sh | new |
| Reduced | Select Sector SPDRTrust The Health Care Select Sector SPDRFund (XLV) | 2.2% | 1.9% | −0.4 pts | −4,726 sh | −34% |
| Increased | WisdomTree Floating Rate Treasury ETF (USFR) | 2.9% | 4.8% | +2.0 pts | +11,789 sh | +24% |
| Exited | Illinois Tool Works, Inc. (ITW) | 0.9% | — | −0.9 pts | −3,750 sh | −100% |
| Reduced | Charles Schwab Corporation (The) (SCHW) | 1.2% | 0.3% | −0.9 pts | −8,800 sh | −72% |
| Reduced | Schwab US Dividend Equity (SCHD) | 1.9% | 1.5% | −0.4 pts | −7,270 sh | −35% |
| New | iShares iBonds Dec 2024 Term Corp ETF (IBDP) | — | 0.8% | +0.8 pts | +20,040 sh | new |
| Exited | SPDR Real Estate Select Sector ETF (XLRE) | 0.7% | — | −0.7 pts | −11,531 sh | −100% |
| Exited | iShares MSCI EAFE (EFA) | 0.6% | — | −0.6 pts | −7,386 sh | −100% |
| New | iShares Treasury Floating Rate Bond (TFLO) | — | 0.6% | +0.6 pts | +7,895 sh | new |
| New | iShares Cybersecurity and Tech ETF (IHAK) | — | 0.6% | +0.6 pts | +11,000 sh | new |
| New | First Trust Dorsey Wright Focus 5 ETF (FV) | — | 0.6% | +0.6 pts | +9,100 sh | new |
| Exited | salesforce.com, Inc. (CRM) | 0.5% | — | −0.5 pts | −1,900 sh | −100% |
| Reduced | Materials Select Sector SPDRFund (XLB) | 2.7% | 2.6% | −0.1 pts | −4,007 sh | −16% |
| Exited | Vanguard Short-Term Bond ETF (BSV) | 0.4% | — | −0.4 pts | −4,787 sh | −100% |
| New | iShares Core S&P Total US Stock Mkt ETF (ITOT) | — | 0.4% | +0.4 pts | +3,308 sh | new |
| Increased | iShares Core S&P 500 (IVV) | 1.5% | 2.2% | +0.6 pts | +709 sh | +25% |
| Exited | VanEck Fallen Angel HiYld Bd ETF (ANGL) | 0.4% | — | −0.4 pts | −11,765 sh | −100% |
| Reduced | Microsoft Corp (MSFT) | 2.7% | 2.6% | −0.1 pts | −978 sh | −13% |
| New | iShares MSCI Emerg Mkts Min Vol Fctr ETF (EEMV) | — | 0.3% | +0.3 pts | +3,929 sh | new |
| New | iShares TIPS Bond (TIP) | — | 0.3% | +0.3 pts | +1,916 sh | new |
| New | SPDR Portfolio Developed Wld ex-US ETF (SPDW) | — | 0.3% | +0.3 pts | +7,107 sh | new |
| Exited | Vanguard Mortgage-Backed Secs ETF (VMBS) | 0.3% | — | −0.3 pts | −5,420 sh | −100% |
The 50 largest of 70 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 59.1% of the equity book
Changes in the top 10 this quarter: IBHC entered · ICSH entered · XLI entered · VDC entered · SPHD entered · BSJO left · SJNK left · VGT left · VFH left · VPU left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | iShares iBonds 2023 Term High Yield and Income ETF (IBHC) | 0.0% | 14.1% | Entered the top 10 |
| 2 | iShares Edge MSCI Min Vol USA (USMV) | 8.4% | 12.7% | |
| 3 | Invesco S&P 500 Low Volatility ETF (SPLV) | 3.1% | 7.6% | |
| 4 | WisdomTree Floating Rate Treasury ETF (USFR) | 2.9% | 4.8% | |
| 5 | Vanguard Industrials ETF (VIS) | 4.2% | 3.9% | |
| 6 | Vanguard Health Care ETF (VHT) | 4.0% | 3.6% | |
| 7 | BlackRock Ultra Short-Term Bon (ICSH) | 0.0% | 3.5% | Entered the top 10 |
| 8 | Industrial Select Sector SPDRFund (XLI) | 2.8% | 3.1% | Entered the top 10 |
| 9 | Vanguard Consumer Staples (VDC) | 2.6% | 3.0% | Entered the top 10 |
| 10 | Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) | 0.0% | 2.7% | Entered the top 10 |
| — | Invesco BulletShares 2024 High Yield Corporate Bond (BSJO) | 7.2% | 0.8% | Left the top 10 |
| — | SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) | 4.9% | 0.0% | Left the top 10 |
| — | Vanguard Information Technology ETF (VGT) | 3.8% | 1.7% | Left the top 10 |
| — | Vanguard Financials ETF (VFH) | 3.5% | 0.0% | Left the top 10 |
| — | Vanguard Utilities ETF (VPU) | 3.1% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).