Wright Fund Management LLC's Q3 2023 13F: 31 new positions, 16 exits
Form 13F-HR for the quarter ended Sep 30, 2023 · filed Nov 13, 2023 · 54 reported positions · accession 0001754960-23-000331
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | VANGUARD BD INDEX FDS (BND) | 8.3% | — | −8.3 pts | −3.34M sh | −100% |
| Exited | ISHARES TR (AGG) | 8.1% | — | −8.1 pts | −2.42M sh | −100% |
| Exited | ISHARES TR (MBB) | 6.2% | — | −6.2 pts | −1.96M sh | −100% |
| Exited | VANGUARD CHARLOTTE FDS (BNDX) | 5.3% | — | −5.3 pts | −3.2M sh | −100% |
| Exited | ISHARES TR (EMB) | 2.0% | — | −2.0 pts | −674K sh | −100% |
| Increased | ISHARES TR (HYG) | 15.8% | 22.2% | +6.4 pts | +600K sh | +10% |
| Increased | ISHARES TR (USHY) | 2.5% | 5.1% | +2.5 pts | +1.19M sh | +57% |
| Increased | SPDR SER TR (JNK) | 13.8% | 19.3% | +5.6 pts | +417K sh | +10% |
| New | ALPS ETF TR (AMLP) | — | 1.7% | +1.7 pts | +885K sh | new |
| New | SPDR SER TR (SPHY) | — | 1.5% | +1.5 pts | +1.46M sh | new |
| Reduced | SPDR DOW JONES INDL AVERAGE (DIA) | 1.9% | 0.9% | −0.9 pts | −95,777 sh | −61% |
| New | JANUS DETROIT STR TR (JAAA) | — | 1.3% | +1.3 pts | +582K sh | new |
| New | VANECK ETF TRUST (ANGL) | — | 1.2% | +1.2 pts | +1.02M sh | new |
| Increased | INVESCO EXCH TRADED FD TR II (BKLN) | 5.2% | 8.0% | +2.8 pts | +1.27M sh | +18% |
| Exited | SPDR SER TR (CWB) | 1.2% | — | −1.2 pts | −491K sh | −100% |
| Exited | ISHARES TR (PFF) | 1.1% | — | −1.1 pts | −1.09M sh | −100% |
| New | ISHARES TR (FALN) | — | 1.1% | +1.1 pts | +982K sh | new |
| Exited | ISHARES TR (MUB) | 1.0% | — | −1.0 pts | −262K sh | −100% |
| Exited | VANGUARD MUN BD FDS (VTEB) | 0.9% | — | −0.9 pts | −523K sh | −100% |
| New | ISHARES TR (IJH) | — | 0.9% | +0.9 pts | +77,422 sh | new |
| Exited | VANECK ETF TRUST (EMLC) | 0.7% | — | −0.7 pts | −827K sh | −100% |
| New | SPDR SER TR (FLRN) | — | 0.7% | +0.7 pts | +498K sh | new |
| Exited | ISHARES TR (EFA) | 0.6% | — | −0.6 pts | −236K sh | −100% |
| Reduced | ISHARES TR (SHYG) | 4.6% | 5.4% | +0.8 pts | −313K sh | −10% |
| New | INVESCO EXCH TRD SLF IDX FD (BSJP) | — | 0.6% | +0.6 pts | +551K sh | new |
| Reduced | PIMCO ETF TR (HYS) | 0.6% | 0.3% | −0.3 pts | −133K sh | −65% |
| Exited | ISHARES TR (ITA) | 0.5% | — | −0.5 pts | −130K sh | −100% |
| New | FIRST TR EXCHANGE-TRADED FD (FTSL) | — | 0.5% | +0.5 pts | +250K sh | new |
| Increased | SSGA ACTIVE ETF TR (SRLN) | 2.1% | 3.2% | +1.1 pts | +271K sh | +19% |
| Increased | SPDR SER TR (SJNK) | 4.6% | 6.5% | +1.8 pts | +456K sh | +8% |
| Increased | VANGUARD INDEX FDS (VOO) | 4.1% | 5.6% | +1.5 pts | +28,140 sh | +10% |
| New | VANECK ETF TRUST (FLTR) | — | 0.4% | +0.4 pts | +392K sh | new |
| New | FIRST TR EXCH TRADED FD III (FPE) | — | 0.4% | +0.4 pts | +592K sh | new |
| New | J P MORGAN EXCHANGE TRADED F (JEPQ) | — | 0.4% | +0.4 pts | +183K sh | new |
| New | ISHARES TR (QUAL) | — | 0.4% | +0.4 pts | +63,986 sh | new |
| Exited | VANECK ETF TRUST (HYD) | 0.2% | — | −0.2 pts | −137K sh | −100% |
| Exited | SPDR SER TR (HYMB) | 0.2% | — | −0.2 pts | −282K sh | −100% |
| New | FIRST TR EXCHANGE-TRADED FD (HYLS) | — | 0.2% | +0.2 pts | +124K sh | new |
| New | ISHARES TR (FLOT) | — | 0.2% | +0.2 pts | +93,800 sh | new |
| New | INVESCO EXCH TRD SLF IDX FD (BSJO) | — | 0.2% | +0.2 pts | +210K sh | new |
| New | ISHARES TR (IBHD) | — | 0.2% | +0.2 pts | +170K sh | new |
| Exited | ISHARES TR (TLTW) | 0.2% | — | −0.2 pts | −150K sh | −100% |
| New | WISDOMTREE TR (EPI) | — | 0.2% | +0.2 pts | +104K sh | new |
| New | PIMCO ETF TR (LONZ) | — | 0.2% | +0.2 pts | +74,800 sh | new |
| New | ISHARES INC (EWJ) | — | 0.2% | +0.2 pts | +60,100 sh | new |
| New | J P MORGAN EXCHANGE TRADED F (BBHY) | — | 0.2% | +0.2 pts | +80,000 sh | new |
| Reduced | ISHARES TR (USMV) | 0.6% | 0.6% | 0.0 pts | −44,876 sh | −19% |
| Increased | SELECT SECTOR SPDR TR (XLE) | 0.3% | 0.5% | +0.3 pts | +34,021 sh | +34% |
| New | FRANKLIN TEMPLETON ETF TR (FLBL) | — | 0.1% | +0.1 pts | +102K sh | new |
| New | INVESCO EXCH TRADED FD TR II (VRP) | — | 0.1% | +0.1 pts | +84,100 sh | new |
The 50 largest of 67 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 — 80.2% of the equity book
Changes in the top 10 this quarter: USHY entered · SRLN entered · HYLB entered · AMLP entered · BND left · AGG left · MBB left · BNDX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ISHARES TR (HYG) | 15.8% | 22.2% | |
| 2 | SPDR SER TR (JNK) | 13.8% | 19.3% | |
| 3 | INVESCO EXCH TRADED FD TR II (BKLN) | 5.2% | 8.0% | |
| 4 | SPDR SER TR (SJNK) | 4.6% | 6.5% | |
| 5 | VANGUARD INDEX FDS (VOO) | 4.1% | 5.6% | |
| 6 | ISHARES TR (SHYG) | 4.6% | 5.4% | |
| 7 | ISHARES TR (USHY) | 2.5% | 5.1% | Entered the top 10 |
| 8 | SSGA ACTIVE ETF TR (SRLN) | 2.1% | 3.2% | Entered the top 10 |
| 9 | DBX ETF TR (HYLB) | 2.5% | 3.2% | Entered the top 10 |
| 10 | ALPS ETF TR (AMLP) | 0.0% | 1.7% | Entered the top 10 |
| — | VANGUARD BD INDEX FDS (BND) | 8.3% | 0.0% | Left the top 10 |
| — | ISHARES TR (AGG) | 8.1% | 0.0% | Left the top 10 |
| — | ISHARES TR (MBB) | 6.2% | 0.0% | Left the top 10 |
| — | VANGUARD CHARLOTTE FDS (BNDX) | 5.3% | 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).