Wright Fund Management LLC's Q1 2024 13F: 8 new positions, 7 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 1, 2024 · 69 reported positions · accession 0001754960-24-000195
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | ISHARES TR (EMB) | 5.0% | — | −5.0 pts | −1.15M sh | −100% |
| Increased | SPDR SER TR (JNK) | 17.4% | 20.3% | +2.9 pts | +775K sh | +21% |
| Exited | ISHARES TR (TLT) | 2.3% | — | −2.3 pts | −471K sh | −100% |
| Increased | INVESCO EXCH TRADED FD TR II (BKLN) | 1.8% | 3.2% | +1.3 pts | +1.42M sh | +81% |
| Exited | VANECK ETF TRUST (EMLC) | 1.3% | — | −1.3 pts | −1.04M sh | −100% |
| Increased | SPDR SER TR (SPHY) | 2.3% | 3.4% | +1.0 pts | +1.02M sh | +51% |
| New | INVESCO EXCH TRADED FD TR II (PGX) | — | 0.8% | +0.8 pts | +1.48M sh | new |
| New | ISHARES TR (ICVT) | — | 0.8% | +0.8 pts | +205K sh | new |
| Increased | SSGA ACTIVE ETF TR (SRLN) | 2.1% | 2.8% | +0.7 pts | +381K sh | +36% |
| New | WISDOMTREE TR (DXJ) | — | 0.7% | +0.7 pts | +137K sh | new |
| Increased | WISDOMTREE TR (EPI) | 0.8% | 1.4% | +0.6 pts | +277K sh | +69% |
| Increased | SPDR SER TR (CWB) | 1.4% | 2.0% | +0.5 pts | +164K sh | +40% |
| Increased | FIRST TR EXCH TRADED FD III (FPE) | 0.7% | 1.2% | +0.5 pts | +615K sh | +70% |
| Exited | ISHARES TR (IGOV) | 0.5% | — | −0.5 pts | −224K sh | −100% |
| Exited | VANGUARD CHARLOTTE FDS (BNDX) | 0.4% | — | −0.4 pts | −171K sh | −100% |
| Increased | ISHARES TR (PFF) | 2.9% | 3.2% | +0.4 pts | +252K sh | +13% |
| Reduced | SPDR SER TR (KRE) | 0.4% | 0.0% | −0.4 pts | −157K sh | −96% |
| Increased | VANGUARD INDEX FDS (VUG) | 1.2% | 1.6% | +0.4 pts | +22,700 sh | +29% |
| Increased | ISHARES TR (SHYG) | 3.0% | 3.3% | +0.2 pts | +169K sh | +12% |
| Exited | ISHARES TR (IYR) | 0.2% | — | −0.2 pts | −45,511 sh | −100% |
| Reduced | ISHARES TR (HYG) | 9.1% | 8.6% | −0.5 pts | −53,100 sh | −2% |
| New | NEUBERGER BERMAN ETF TRUST (NBOS) | — | 0.2% | +0.2 pts | +151K sh | new |
| Increased | SPDR SER TR (SJNK) | 6.3% | 6.3% | −0.1 pts | +142K sh | +3% |
| Increased | INVESCO EXCH TRD SLF IDX FD (BSJP) | 0.6% | 0.7% | +0.1 pts | +141K sh | +26% |
| Reduced | VANGUARD INDEX FDS (VOO) | 0.9% | 0.8% | −0.1 pts | −6,228 sh | −15% |
| Reduced | ISHARES TR (USMV) | 0.7% | 0.6% | −0.1 pts | −32,200 sh | −17% |
| Reduced | ISHARES TR (MUB) | 0.9% | 0.8% | −0.2 pts | −24,600 sh | −14% |
| Increased | SPDR SER TR (HYMB) | 0.7% | 0.8% | +0.1 pts | +92,900 sh | +15% |
| Increased | VANGUARD MUN BD FDS (VTEB) | 0.4% | 0.4% | 0.0 pts | +20,700 sh | +14% |
| Increased | VANECK ETF TRUST (HYD) | 0.7% | 0.8% | 0.0 pts | +18,800 sh | +6% |
| Exited | VANGUARD SCOTTSDALE FDS (VCLT) | 0.0% | — | 0.0 pts | −10,762 sh | −100% |
| New | JANUS DETROIT STR TR (JBBB) | — | 0.0% | 0.0 pts | +14,726 sh | new |
| Reduced | SELECT SECTOR SPDR TR (XLC) | 0.4% | 0.4% | 0.0 pts | −7,900 sh | −8% |
| Increased | ISHARES TR (IJR) | 0.0% | 0.0% | 0.0 pts | +5,452 sh | +136% |
| New | ISHARES TR (IJK) | — | 0.0% | 0.0 pts | +3,961 sh | new |
| New | GLOBAL X FDS (PAVE) | — | 0.0% | 0.0 pts | +8,918 sh | new |
| New | SELECT SECTOR SPDR TR (XLE) | — | 0.0% | 0.0 pts | +2,178 sh | new |
| Increased | VANGUARD INDEX FDS (VOT) | 0.0% | 0.0% | 0.0 pts | +655 sh | +38% |
| Increased | ISHARES TR (LQD) | 3.1% | 2.9% | −0.2 pts | +834 sh | 0% |
| Increased | VANGUARD INTL EQUITY INDEX F (VGK) | 0.3% | 0.3% | 0.0 pts | +60 sh | 0% |
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 — 64.2% of the equity book
Changes in the top 10 this quarter: SPHY entered · BKLN entered · EMB left · LQD left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR SER TR (JNK) | 17.4% | 20.3% | |
| 2 | ISHARES TR (USHY) | 8.9% | 8.6% | |
| 3 | ISHARES TR (HYG) | 9.1% | 8.6% | |
| 4 | SPDR SER TR (SJNK) | 6.3% | 6.3% | |
| 5 | VANGUARD TAX-MANAGED FDS (VEA) | 3.7% | 3.7% | |
| 6 | DBX ETF TR (HYLB) | 3.8% | 3.7% | |
| 7 | SPDR SER TR (SPHY) | 2.3% | 3.4% | Entered the top 10 |
| 8 | ISHARES TR (SHYG) | 3.0% | 3.3% | |
| 9 | ISHARES TR (PFF) | 2.9% | 3.2% | |
| 10 | INVESCO EXCH TRADED FD TR II (BKLN) | 1.8% | 3.2% | Entered the top 10 |
| — | ISHARES TR (EMB) | 5.0% | 0.0% | Left the top 10 |
| — | ISHARES TR (LQD) | 3.1% | 2.9% | 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).