FRONTIER INVESTMENT MGMT CO's Q4 2015 13F: 35 new positions, 19 exits
Form 13F-HR for the quarter ended Dec 31, 2015 · filed Feb 11, 2016 · 169 reported positions · accession 0001144204-16-080882
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | S P D R TRUST Unit SR (SPY) | 0.2% | 4.5% | +4.4 pts | +138K sh | +2768% |
| New | Medtronic PLC (MDT) | — | 2.0% | +2.0 pts | +164K sh | new |
| Exited | Medtronic Inc (MDT) | 1.8% | — | −1.8 pts | −162K sh | −100% |
| Exited | Comcast (CMCSK) | 1.4% | — | −1.4 pts | −148K sh | −100% |
| New | Comcast Corp A (CMCSA) | — | 1.3% | +1.3 pts | +147K sh | new |
| Reduced | Oaktree Capital Group LLC (OAK) | 1.8% | 0.3% | −1.5 pts | −173K sh | −83% |
| Exited | Short S&P ProShares (SH) | 1.1% | — | −1.1 pts | −291K sh | −100% |
| Exited | Allstate PFD B (ALLPRB) | 0.9% | — | −0.9 pts | −219K sh | −100% |
| New | Allstate PFD B | — | 0.9% | +0.9 pts | +222K sh | new |
| Exited | Blackstone Group LP (BX) | 0.8% | — | −0.8 pts | −152K sh | −100% |
| Increased | Intel Corp. (INTC) | 2.0% | 2.8% | +0.8 pts | +132K sh | +34% |
| Exited | Kayne Anderson MLP Inv Co (KYN) | 0.7% | — | −0.7 pts | −170K sh | −100% |
| New | American Capital Agency Corp (AGNCB) | — | 0.6% | +0.6 pts | +171K sh | new |
| Increased | Schwab Emerging Markets Equity (SCHE) | 0.5% | 1.0% | +0.6 pts | +201K sh | +153% |
| Increased | Apple Computer Inc (AAPL) | 4.5% | 4.5% | −0.1 pts | +32,055 sh | +13% |
| Increased | MFA Financial Inc (MFAPRB) | 0.1% | 0.6% | +0.5 pts | +138K sh | +443% |
| Exited | Hilltop Holdings Inc (HTH) | 0.5% | — | −0.5 pts | −147K sh | −100% |
| New | Universal Insurance Holdings I (UVE) | — | 0.5% | +0.5 pts | +132K sh | new |
| New | Parsley Energy Inc | — | 0.4% | +0.4 pts | +145K sh | new |
| Exited | Deere & Co (DE) | 0.4% | — | −0.4 pts | −33,045 sh | −100% |
| Reduced | First Trust North American Ene (EMLP) | 2.8% | 1.9% | −0.8 pts | −131K sh | −18% |
| New | Vanguard Dividend Appreciation (VIG) | — | 0.4% | +0.4 pts | +30,629 sh | new |
| Increased | Merck & Co Inc (MRK) | 0.8% | 1.1% | +0.3 pts | +33,197 sh | +35% |
| Reduced | Pioneer Natural Res Co (PXD) | 12.1% | 11.1% | −1.0 pts | −13,500 sh | −2% |
| Reduced | Markel Corp Hldg Co (MKL) | 3.1% | 2.9% | −0.2 pts | −1,899 sh | −8% |
| Increased | Monsanto Co (MON) | 0.2% | 0.4% | +0.2 pts | +15,681 sh | +135% |
| Exited | Redwood Trust Inc (RWT) | 0.2% | — | −0.2 pts | −97,673 sh | −100% |
| Reduced | Twenty-First Century Fox Inc (FOXA) | 1.1% | 0.8% | −0.3 pts | −52,295 sh | −22% |
| New | Vanguard Growth ETF (VUG) | — | 0.2% | +0.2 pts | +14,130 sh | new |
| Increased | General Motors (GM) | 2.4% | 2.7% | +0.3 pts | +40,860 sh | +9% |
| Reduced | Rydex S&P Equal Weight ETF (RSP) | 1.5% | 1.2% | −0.3 pts | −17,971 sh | −15% |
| Increased | Progressive Waste Solutions Lt (BIN) | 0.2% | 0.4% | +0.1 pts | +50,867 sh | +100% |
| Increased | Silver Wheaton Corp (SLW) | 0.0% | 0.2% | +0.2 pts | +93,500 sh | +431% |
| New | Vanguard Emerging Market ETF (VWO) | — | 0.2% | +0.2 pts | +34,227 sh | new |
| Increased | Exelon Corporation (EXC) | 1.1% | 1.1% | 0.0 pts | +37,903 sh | +18% |
| New | S P D R TRUST Unit SR | — | 0.2% | +0.2 pts | +5,036 sh | new |
| Reduced | PIMCO Total Return ETF (BOND) | 2.1% | 1.8% | −0.4 pts | −9,585 sh | −8% |
| New | Vanguard Short Term Corp Bond (VCSH) | — | 0.1% | +0.1 pts | +12,004 sh | new |
| Increased | Regions Financial Corp (RF) | 0.2% | 0.4% | +0.1 pts | +90,763 sh | +60% |
| Increased | Schwab U.S. Broad Market ETF (SCHB) | 0.4% | 0.5% | +0.1 pts | +17,128 sh | +37% |
| New | Vanguard Value VIPERs (VTV) | — | 0.1% | +0.1 pts | +9,636 sh | new |
| Exited | Tesla Motors, Inc. (TSLA) | 0.1% | — | −0.1 pts | −2,200 sh | −100% |
| Reduced | ConocoPhillips (COP) | 0.2% | 0.1% | −0.1 pts | −12,268 sh | −40% |
| Increased | Pepsico (PEP) | 2.1% | 2.1% | 0.0 pts | +5,412 sh | +4% |
| Increased | Sherwin Williams Co (SHW) | 0.1% | 0.2% | +0.1 pts | +1,999 sh | +65% |
| Exited | SPDR Metals & Mining ETF (XME) | 0.1% | — | −0.1 pts | −27,855 sh | −100% |
| Reduced | On Assignment Inc (ASGN) | 0.3% | 0.3% | 0.0 pts | −10,330 sh | −21% |
| Increased | Schwab International Equity ET (SCHF) | 0.5% | 0.5% | 0.0 pts | +16,280 sh | +15% |
| Increased | Kinder Morgan Inc (KMI) | 0.5% | 0.3% | −0.2 pts | +29,004 sh | +30% |
| New | Cerner Corp (CERN) | — | 0.1% | +0.1 pts | +6,600 sh | new |
The 50 largest of 180 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 — 39.9% of the equity book
Changes in the top 10 this quarter: SPY entered · INTC entered · GM entered · EMLP left · XOM left · BRK-B left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Pioneer Natural Res Co (PXD) | 12.1% | 11.1% | |
| 2 | S P D R TRUST Unit SR (SPY) | 0.2% | 4.5% | Entered the top 10 |
| 3 | Apple Computer Inc (AAPL) | 4.5% | 4.5% | |
| 4 | Microsoft Corp. (MSFT) | 3.1% | 3.5% | |
| 5 | General Electric Corp (GE) | 2.7% | 3.0% | |
| 6 | Markel Corp Hldg Co (MKL) | 3.1% | 2.9% | |
| 7 | Intel Corp. (INTC) | 2.0% | 2.8% | Entered the top 10 |
| 8 | General Motors (GM) | 2.4% | 2.7% | Entered the top 10 |
| 9 | Phillips (PSX) | 2.6% | 2.5% | |
| 10 | Johnson & Johnson (JNJ) | 2.4% | 2.4% | |
| — | First Trust North American Ene (EMLP) | 2.8% | 1.9% | Left the top 10 |
| — | Exxon Mobil Corp (XOM) | 2.4% | 2.4% | Left the top 10 |
| — | Berkshire Hathaway Cl B (BRK-B) | 2.4% | 2.3% | 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).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | S P D R TRUST Unit SR (SPY) | Put | 17,000 | 0 | $0 |
| Exited | Merck & Co Inc (MRK) | Put | 31,000 | 0 | $0 |
| Exited | General Motors (GM) | Call | 40,000 | 0 | $0 |
| Exited | Silver Wheaton Corp (SLW) | Call | 100K | 0 | $0 |
| Exited | Regions Financial Corp (RF) | Call | 90,000 | 0 | $0 |
| Exited | ChevronTexaco Corp (CVX) | Call | 10,000 | 0 | $0 |
| Exited | Apple Computer Inc (AAPL) | Call | 5,000 | 0 | $0 |
| Exited | Cerner Corp (CERN) | Call | 6,600 | 0 | $0 |
| Exited | Bp Amoco Plc Adr (BP) | Call | 10,000 | 0 | $0 |
| Exited | National Oilwell Varco Inc (NOV) | Call | 7,500 | 0 | $0 |
| Exited | JP Morgan Chase & Co. (JPM) | Put | 3,700 | 0 | $0 |
| Exited | ProShares UltraShort Lehman 20 (TBT) | Call | 5,000 | 0 | $0 |
| Exited | Freeport Mcmoran (FCX) | Call | 20,000 | 0 | $0 |
| Exited | Ensco International Inc (ESV) | Call | 10,000 | 0 | $0 |
| Exited | Ensco International Inc (ESV) | Put | 10,000 | 0 | $0 |
| Exited | SEADRILL LTD COM 8FMN8 (SDRL) | Call | 20,000 | 0 | $0 |