Wright Fund Management LLC's Q1 2023 13F: 12 new positions, 9 exits

Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 9, 2023 · 18 reported positions · accession 0001172661-23-001917

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Exited ISHARES TR (HYG) 41.4% — −41.4 pts −8.88M sh −100%
Exited SPDR SER TR (JNK) 31.7% — −31.7 pts −5.56M sh −100%
New ISHARES TR (IEF) — 17.3% +17.3 pts +1.87M sh new
New ISHARES TR (MBB) — 11.5% +11.5 pts +1.3M sh new
New ISHARES TR (AGG) — 11.5% +11.5 pts +1.24M sh new
New VANGUARD CHARLOTTE FDS (BNDX) — 11.5% +11.5 pts +2.51M sh new
Reduced INVESCO EXCH TRADED FD TR II (BKLN) 10.5% 5.7% −4.7 pts −5.1M sh −63%
New ISHARES TR (USHY) — 7.0% +7.0 pts +2.09M sh new
New VANGUARD BD INDEX FDS (BND) — 5.8% +5.8 pts +837K sh new
Increased VANGUARD INDEX FDS (VOO) 4.9% 11.8% +6.9 pts +115K sh +52%
Exited SELECT SECTOR SPDR TR (XLE) 1.8% — −1.8 pts −325K sh −100%
Increased SPDR DOW JONES INDL AVERAGE (DIA) 2.2% 4.9% +2.7 pts +54,300 sh +53%
New INVESCO QQQ TR (QQQ) — 1.6% +1.6 pts +54,400 sh new
New VANGUARD INDEX FDS (VUG) — 1.6% +1.6 pts +69,700 sh new
New ISHARES TR (USMV) — 1.6% +1.6 pts +233K sh new
New ISHARES TR (EFAV) — 1.6% +1.6 pts +248K sh new
Exited VANGUARD INTL EQUITY INDEX F (VWO) 1.4% — −1.4 pts −556K sh −100%
Exited VANGUARD INDEX FDS (VBR) 1.3% — −1.3 pts −131K sh −100%
Exited SELECT SECTOR SPDR TR (XLF) 0.8% — −0.8 pts −385K sh −100%
Increased VANGUARD INDEX FDS (VTV) 1.3% 2.6% +1.4 pts +63,600 sh +45%
New SELECT SECTOR SPDR TR (XLC) — 0.8% +0.8 pts +147K sh new
Increased ISHARES TR (ITA) 0.4% 1.4% +1.0 pts +68,600 sh +113%
Exited ISHARES TR (IBB) 0.7% — −0.7 pts −82,800 sh −100%
Exited INVESCO ACTVELY MNGD ETC FD (PDBC) 0.6% — −0.6 pts −611K sh −100%
Increased J P MORGAN EXCHANGE TRADED F (JEPI) 0.8% 1.8% +0.9 pts +108K sh +46%
Exited VANGUARD TAX-MANAGED FDS (VEA) 0.2% — −0.2 pts −74,800 sh −100%
New FIRST TR EXCHNG TRADED FD VI (UCON) — 0.0% 0.0 pts +11,900 sh new

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 — 89.6% of the equity book

Changes in the top 10 this quarter: IEF entered · MBB entered · AGG entered · BNDX entered · USHY entered · BND entered · HYG left · JNK left · XLE left · VWO left · VBR left · XLF left

# Security Weight before Weight now
1 ISHARES TR (IEF) 0.0% 17.3% Entered the top 10
2 VANGUARD INDEX FDS (VOO) 4.9% 11.8%
3 ISHARES TR (MBB) 0.0% 11.5% Entered the top 10
4 ISHARES TR (AGG) 0.0% 11.5% Entered the top 10
5 VANGUARD CHARLOTTE FDS (BNDX) 0.0% 11.5% Entered the top 10
6 ISHARES TR (USHY) 0.0% 7.0% Entered the top 10
7 VANGUARD BD INDEX FDS (BND) 0.0% 5.8% Entered the top 10
8 INVESCO EXCH TRADED FD TR II (BKLN) 10.5% 5.7%
9 SPDR DOW JONES INDL AVERAGE (DIA) 2.2% 4.9%
10 VANGUARD INDEX FDS (VTV) 1.3% 2.6%
— ISHARES TR (HYG) 41.4% 0.0% Left the top 10
— SPDR SER TR (JNK) 31.7% 0.0% Left the top 10
— SELECT SECTOR SPDR TR (XLE) 1.8% 0.0% Left the top 10
— VANGUARD INTL EQUITY INDEX F (VWO) 1.4% 0.0% Left the top 10
— VANGUARD INDEX FDS (VBR) 1.3% 0.0% Left the top 10
— SELECT SECTOR SPDR TR (XLF) 0.8% 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).