Wright Fund Management LLC's Q1 2025 13F: 21 new positions, 26 exits
Form 13F-HR for the quarter ended Mar 31, 2025 · filed Apr 24, 2025 · 77 reported positions · accession 0001754960-25-000246
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | INVESCO EXCH TRADED FD TR II (BKLN) | 13.0% | 3.4% | −9.6 pts | −13.49M sh | −74% |
| Reduced | SSGA ACTIVE ETF TR (SRLN) | 11.1% | 7.8% | −3.3 pts | −2.46M sh | −31% |
| New | VANGUARD SCOTTSDALE FDS (VCLT) | — | 3.6% | +3.6 pts | +1.33M sh | new |
| New | ISHARES TR (TLT) | — | 3.1% | +3.1 pts | +948K sh | new |
| Increased | SPDR SER TR (SPHY) | 5.9% | 8.7% | +2.8 pts | +3.08M sh | +42% |
| Increased | ISHARES TR (USHY) | 12.2% | 15.2% | +3.0 pts | +1.9M sh | +19% |
| Exited | SPDR SER TR (CWB) | 2.3% | — | −2.3 pts | −871K sh | −100% |
| New | VANECK ETF TRUST (EMLC) | — | 1.3% | +1.3 pts | +1.57M sh | new |
| Exited | VANGUARD INDEX FDS (VUG) | 1.3% | — | −1.3 pts | −93,835 sh | −100% |
| New | ISHARES TR (EFV) | — | 1.3% | +1.3 pts | +622K sh | new |
| Increased | JANUS DETROIT STR TR (JAAA) | 0.3% | 1.4% | +1.1 pts | +606K sh | +378% |
| New | ISHARES INC (EZU) | — | 1.1% | +1.1 pts | +574K sh | new |
| Exited | VANGUARD INDEX FDS (VBK) | 1.0% | — | −1.0 pts | −110K sh | −100% |
| Exited | ISHARES TR (ICVT) | 1.0% | — | −1.0 pts | −357K sh | −100% |
| Exited | VANGUARD INDEX FDS (VOT) | 1.0% | — | −1.0 pts | −111K sh | −100% |
| Exited | INVESCO EXCH TRADED FD TR II (PZA) | 1.0% | — | −1.0 pts | −1.19M sh | −100% |
| New | ISHARES INC (EWH) | — | 0.9% | +0.9 pts | +1.41M sh | new |
| New | ISHARES INC (EWG) | — | 0.8% | +0.8 pts | +585K sh | new |
| Exited | ISHARES TR (QUAL) | 0.8% | — | −0.8 pts | −126K sh | −100% |
| New | ISHARES TR (IYK) | — | 0.7% | +0.7 pts | +269K sh | new |
| New | PIMCO ETF TR (PYLD) | — | 0.7% | +0.7 pts | +722K sh | new |
| Increased | SPDR SER TR (HYMB) | 1.4% | 2.0% | +0.7 pts | +684K sh | +43% |
| Exited | VANGUARD INDEX FDS (VXF) | 0.6% | — | −0.6 pts | −93,515 sh | −100% |
| Exited | SPDR SER TR (KRE) | 0.6% | — | −0.6 pts | −277K sh | −100% |
| Reduced | SPDR SER TR (JNK) | 15.2% | 15.3% | +0.1 pts | −154K sh | −3% |
| Exited | INVESCO EXCH TRADED FD TR II (VRP) | 0.5% | — | −0.5 pts | −610K sh | −100% |
| Reduced | VANGUARD INDEX FDS (VOO) | 1.7% | 1.2% | −0.4 pts | −23,762 sh | −26% |
| Increased | SPDR SER TR (SJNK) | 4.1% | 4.7% | +0.6 pts | +483K sh | +10% |
| New | FIRST TR EXCH TRADED FD III (FMHI) | — | 0.4% | +0.4 pts | +209K sh | new |
| Exited | VANGUARD INDEX FDS (VBR) | 0.3% | — | −0.3 pts | −51,663 sh | −100% |
| Reduced | J P MORGAN EXCHANGE TRADED F (JEPI) | 0.5% | 0.2% | −0.3 pts | −163K sh | −61% |
| Reduced | FIRST TR EXCH TRADED FD III (FPE) | 0.9% | 0.6% | −0.3 pts | −493K sh | −33% |
| Increased | JANUS DETROIT STR TR (JBBB) | 0.5% | 0.8% | +0.3 pts | +174K sh | +56% |
| Increased | VANECK ETF TRUST (HYD) | 1.1% | 1.5% | +0.3 pts | +164K sh | +25% |
| Exited | LISTED FD TR (MAGS) | 0.3% | — | −0.3 pts | −155K sh | −100% |
| Exited | SERIES PORTFOLIOS TR (CLOZ) | 0.3% | — | −0.3 pts | −298K sh | −100% |
| Increased | BNY MELLON ETF TRUST (BKHY) | 0.0% | 0.3% | +0.3 pts | +153K sh | +694% |
| Reduced | ISHARES TR (HYG) | 6.5% | 6.6% | +0.1 pts | −88,300 sh | −4% |
| Exited | GLOBAL X FDS (PAVE) | 0.2% | — | −0.2 pts | −179K sh | −100% |
| Exited | VANGUARD MUN BD FDS (VTEB) | 0.2% | — | −0.2 pts | −127K sh | −100% |
| New | VANECK ETF TRUST (HYEM) | — | 0.2% | +0.2 pts | +284K sh | new |
| Exited | ISHARES TR (IYC) | 0.2% | — | −0.2 pts | −60,211 sh | −100% |
| Increased | PGIM ETF TR (PHYL) | 0.3% | 0.5% | +0.2 pts | +143K sh | +64% |
| Exited | AMERICAN CENTY ETF TR (AVUV) | 0.2% | — | −0.2 pts | −53,721 sh | −100% |
| Increased | PIMCO ETF TR (LONZ) | 0.1% | 0.2% | +0.2 pts | +97,400 sh | +328% |
| Increased | VANECK ETF TRUST (SHYD) | 0.0% | 0.2% | +0.2 pts | +189K sh | +297% |
| Increased | ISHARES TR (USMV) | 0.7% | 0.9% | +0.2 pts | +42,602 sh | +18% |
| New | MANAGED PORTFOLIO SERIES (TPYP) | — | 0.1% | +0.1 pts | +108K sh | new |
| Increased | J P MORGAN EXCHANGE TRADED F (BBHY) | 0.1% | 0.2% | +0.1 pts | +81,600 sh | +180% |
| Increased | J P MORGAN EXCHANGE TRADED F (JMHI) | 0.0% | 0.1% | +0.1 pts | +71,800 sh | +608% |
The 50 largest of 87 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 — 71.6% of the equity book
Changes in the top 10 this quarter: VCLT entered · TLT entered · SHYG left · CWB left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR SER TR (JNK) | 15.2% | 15.3% | |
| 2 | ISHARES TR (USHY) | 12.2% | 15.2% | |
| 3 | SPDR SER TR (SPHY) | 5.9% | 8.7% | |
| 4 | SSGA ACTIVE ETF TR (SRLN) | 11.1% | 7.8% | |
| 5 | ISHARES TR (HYG) | 6.5% | 6.6% | |
| 6 | SPDR SER TR (SJNK) | 4.1% | 4.7% | |
| 7 | VANGUARD SCOTTSDALE FDS (VCLT) | 0.0% | 3.6% | Entered the top 10 |
| 8 | INVESCO EXCH TRADED FD TR II (BKLN) | 13.0% | 3.4% | |
| 9 | DBX ETF TR (HYLB) | 2.9% | 3.2% | |
| 10 | ISHARES TR (TLT) | 0.0% | 3.1% | Entered the top 10 |
| — | ISHARES TR (SHYG) | 2.4% | 2.5% | Left the top 10 |
| — | SPDR SER TR (CWB) | 2.3% | 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).