Wright Fund Management LLC's Q4 2023 13F: 26 new positions, 12 exits
Form 13F-HR for the quarter ended Dec 31, 2023 · filed Jan 22, 2024 · 68 reported positions · accession 0001754960-24-000047
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | ISHARES TR (HYG) | 22.2% | 9.1% | −13.0 pts | −4.34M sh | −64% |
| Reduced | INVESCO EXCH TRADED FD TR II (BKLN) | 8.0% | 1.8% | −6.2 pts | −6.79M sh | −80% |
| Reduced | VANGUARD INDEX FDS (VOO) | 5.6% | 0.9% | −4.8 pts | −281K sh | −87% |
| New | ISHARES TR (EMB) | — | 5.0% | +5.0 pts | +1.15M sh | new |
| Reduced | SPDR SER TR (JNK) | 19.3% | 17.4% | −2.0 pts | −1.05M sh | −22% |
| New | VANGUARD TAX-MANAGED FDS (VEA) | — | 3.7% | +3.7 pts | +1.58M sh | new |
| New | ISHARES TR (LQD) | — | 3.1% | +3.1 pts | +574K sh | new |
| Increased | ISHARES TR (USHY) | 5.1% | 8.9% | +3.9 pts | +1.73M sh | +53% |
| Reduced | ISHARES TR (SHYG) | 5.4% | 3.0% | −2.4 pts | −1.48M sh | −50% |
| New | ISHARES TR (PFF) | — | 2.9% | +2.9 pts | +1.88M sh | new |
| New | ISHARES TR (TLT) | — | 2.3% | +2.3 pts | +471K sh | new |
| New | INVESCO EXCH TRADED FD TR II (PZA) | — | 1.5% | +1.5 pts | +1.27M sh | new |
| New | SPDR SER TR (CWB) | — | 1.4% | +1.4 pts | +407K sh | new |
| Reduced | SSGA ACTIVE ETF TR (SRLN) | 3.2% | 2.1% | −1.1 pts | −690K sh | −40% |
| Exited | VANGUARD INDEX FDS (VTV) | 1.3% | — | −1.3 pts | −211K sh | −100% |
| New | VANECK ETF TRUST (EMLC) | — | 1.3% | +1.3 pts | +1.04M sh | new |
| Reduced | SPDR SER TR (SJNK) | 6.5% | 6.3% | −0.1 pts | −802K sh | −14% |
| New | ISHARES TR (MUB) | — | 0.9% | +0.9 pts | +173K sh | new |
| Exited | ISHARES TR (IJH) | 0.9% | — | −0.9 pts | −77,422 sh | −100% |
| New | SPDR SER TR (HYMB) | — | 0.7% | +0.7 pts | +602K sh | new |
| New | VANECK ETF TRUST (HYD) | — | 0.7% | +0.7 pts | +293K sh | new |
| Exited | ISHARES TR (EFAV) | 0.7% | — | −0.7 pts | −236K sh | −100% |
| Reduced | SPDR SER TR (FLRN) | 0.7% | 0.1% | −0.6 pts | −429K sh | −86% |
| Increased | SPDR SER TR (SPHY) | 1.5% | 2.3% | +0.8 pts | +554K sh | +38% |
| Increased | WISDOMTREE TR (EPI) | 0.2% | 0.8% | +0.6 pts | +299K sh | +287% |
| Exited | SELECT SECTOR SPDR TR (XLE) | 0.5% | — | −0.5 pts | −134K sh | −100% |
| Exited | FIRST TR EXCHANGE-TRADED FD (FTSL) | 0.5% | — | −0.5 pts | −250K sh | −100% |
| Increased | J P MORGAN EXCHANGE TRADED F (JEPQ) | 0.4% | 0.9% | +0.5 pts | +193K sh | +106% |
| New | ISHARES TR (IGOV) | — | 0.5% | +0.5 pts | +224K sh | new |
| Increased | ISHARES TR (QUAL) | 0.4% | 0.9% | +0.5 pts | +61,695 sh | +96% |
| New | ISHARES TR (ITA) | — | 0.4% | +0.4 pts | +68,736 sh | new |
| New | SPDR SER TR (KRE) | — | 0.4% | +0.4 pts | +163K sh | new |
| New | VANGUARD CHARLOTTE FDS (BNDX) | — | 0.4% | +0.4 pts | +171K sh | new |
| New | VANGUARD MUN BD FDS (VTEB) | — | 0.4% | +0.4 pts | +145K sh | new |
| Reduced | FLEXSHARES TR (HYGV) | 0.5% | 0.3% | −0.3 pts | −160K sh | −54% |
| Exited | PIMCO ETF TR (HYS) | 0.3% | — | −0.3 pts | −71,300 sh | −100% |
| New | VANGUARD INTL EQUITY INDEX F (VGK) | — | 0.3% | +0.3 pts | +79,713 sh | new |
| Increased | FIRST TR EXCH TRADED FD III (FPE) | 0.4% | 0.7% | +0.3 pts | +289K sh | +49% |
| Reduced | ISHARES TR (FALN) | 1.1% | 1.0% | −0.1 pts | −182K sh | −19% |
| Reduced | VANECK ETF TRUST (FLTR) | 0.4% | 0.3% | −0.2 pts | −185K sh | −47% |
| Exited | ISHARES TR (FLOT) | 0.2% | — | −0.2 pts | −93,800 sh | −100% |
| New | ISHARES TR (IYR) | — | 0.2% | +0.2 pts | +45,511 sh | new |
| Reduced | JANUS DETROIT STR TR (JAAA) | 1.3% | 1.2% | −0.1 pts | −82,300 sh | −14% |
| Reduced | SELECT SECTOR SPDR TR (XLC) | 0.4% | 0.4% | −0.1 pts | −48,861 sh | −32% |
| Exited | ISHARES INC (EWJ) | 0.2% | — | −0.2 pts | −60,100 sh | −100% |
| Increased | INVESCO EXCH TRADED FD TR II (VRP) | 0.1% | 0.3% | +0.2 pts | +141K sh | +167% |
| Reduced | VANECK ETF TRUST (ANGL) | 1.2% | 1.3% | +0.1 pts | −104K sh | −10% |
| Increased | PGIM ETF TR (PHYL) | 0.2% | 0.4% | +0.2 pts | +74,700 sh | +50% |
| Reduced | BNY MELLON ETF TRUST (BKHY) | 0.1% | 0.1% | −0.1 pts | −48,600 sh | −69% |
| Increased | ALPS ETF TR (AMLP) | 1.7% | 1.9% | +0.3 pts | +46,440 sh | +5% |
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 — 63.3% of the equity book
Changes in the top 10 this quarter: EMB entered · VEA entered · LQD entered · PFF entered · BKLN left · VOO left · SRLN left · AMLP left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR SER TR (JNK) | 19.3% | 17.4% | |
| 2 | ISHARES TR (HYG) | 22.2% | 9.1% | |
| 3 | ISHARES TR (USHY) | 5.1% | 8.9% | |
| 4 | SPDR SER TR (SJNK) | 6.5% | 6.3% | |
| 5 | ISHARES TR (EMB) | 0.0% | 5.0% | Entered the top 10 |
| 6 | DBX ETF TR (HYLB) | 3.2% | 3.8% | |
| 7 | VANGUARD TAX-MANAGED FDS (VEA) | 0.0% | 3.7% | Entered the top 10 |
| 8 | ISHARES TR (LQD) | 0.0% | 3.1% | Entered the top 10 |
| 9 | ISHARES TR (SHYG) | 5.4% | 3.0% | |
| 10 | ISHARES TR (PFF) | 0.0% | 2.9% | Entered the top 10 |
| — | INVESCO EXCH TRADED FD TR II (BKLN) | 8.0% | 1.8% | Left the top 10 |
| — | VANGUARD INDEX FDS (VOO) | 5.6% | 0.9% | Left the top 10 |
| — | SSGA ACTIVE ETF TR (SRLN) | 3.2% | 2.1% | Left the top 10 |
| — | ALPS ETF TR (AMLP) | 1.7% | 1.9% | 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).