CIK: 0001697815
Total reported value
$128.3M
Reporting period: 2019-09-30 · Number of holdings: 930
ADVANTAGE INVESTMENT MANAGEMENT, LLC disclosed 930 holdings in its latest 13F filing for the period ending 2019-09-30, with total reported value of $128.3M and a quarterly turnover rate of 20.2%.
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Advantage Investment Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 74 equally-sized positions, well below its 930 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.41), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 17% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
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Add ITOT
+419.4% $1.0M
Add USMV
+4.5% $587.0K
Trim IEI
-54.5% -$714.0K
Add SCHP
+180.1% $433.0K
Trim CFO
-7.6% -$448.0K
Trim APAM
-91.6% -$301.0K
Showing top 200 holdings (of 930 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 5.83% | +0.57% | +4.51% | |
| 2 | CFO | Victoryshares US 500 Enhance | ETF-Other | 4.82% | -0.24% | -7.60% | |
| 3 | XAR | Ss Spdr S&p Aerospace Def | ETF-Other | 4.22% | — | -2.33% | |
| 4 | ARKW | Ark Next Generation Internet | ETF-Other | 3.10% | — | +2.89% | |
| 5 | VGSH | Vanguard Short-term Treasury | ETF-Gov Bonds | 2.16% | — | +1.40% | |
| 6 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 2.15% | — | +3.34% | |
| 7 | CDC | Victoryshares US Eq Income E | ETF-Other | 1.92% | +0.17% | +4.98% | |
| 8 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.85% | — | -3.72% | |
| 9 | XLV | Ss Health Care Select Sector | ETF-Other | 1.82% | — | -2.92% | |
| 10 | XLK | Ss Technology Select Sector | ETF-Tech | 1.79% | — | -7.25% | |
| 11 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.51% | — | -3.30% | |
| 12 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 1.46% | — | -3.06% | |
| 13 | WBIY | Wbi Power Factor High Div | ETF-Other | 1.05% | — | -2.35% | |
| 14 | XLF | Ss Financial Select Sector | ETF-Other | 1.02% | — | -2.76% | |
| 15 | XLI | Ss Industrial Select Sector | ETF-Other | 1.01% | — | -1.38% | |
| 16 | XLE | Ss Energy Select Sector | ETF-Other | 1.01% | — | -0.53% | |
| 17 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.97% | +0.79% | +419.41% | |
| 18 | LMBS | First Trust Low Duration Opp | ETF-Other | 0.89% | — | -2.88% | |
| 19 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 0.87% | — | -4.85% | |
| 20 | AAPL | Apple INC | Stock-Tech | 0.83% | — | -4.72% | |
| 21 | SPHD | Invesco S&p 500 High Dividen | ETF-Large Cap & Growth | 0.79% | — | -1.86% | |
| 22 | MSFT | Microsoft CORP | Stock-Tech | 0.79% | — | -5.38% | |
| 23 | FIXD | First Trust Smith Opportunis | ETF-Other | 0.78% | — | -2.88% | |
| 24 | WDRN | WisdomTree Physical AI, Humanoids, and Drones Fund | Stock-Other | 0.76% | — | -12.47% | |
| 25 | FLOT | Ishares Floating Rate Bond E | ETF-Other | 0.75% | — | +6.18% | |
| 26 | SPHB | Invesco S&p 500 High Beta Et | ETF-Large Cap & Growth | 0.74% | — | -2.66% | |
| 27 | PCEF | Invesco Cef Income Composite | ETF-Other | 0.72% | — | -2.97% | |
| 28 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 0.70% | — | -5.98% | |
| 29 | PSCH | Invesco S&p Smallcap Health | ETF-Other | 0.70% | — | +6.94% | |
| 30 | DWAS | Invesco Dorsey Wright Smallc | ETF-Other | 0.69% | — | -1.73% | |
| 31 | EEMV | Ishares Msci Emg Mkt Min Vol | ETF-Other | 0.64% | — | +16.90% | |
| 32 | FSICUSD | Fs Kkr Capital CORP | Stock-Other | 0.63% | -0.22% | -25.24% | |
| 33 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.57% | — | -5.82% | |
| 34 | BA | Boeing Co/the | Stock-Industrials | 0.53% | — | -0.78% | |
| 35 | SCHP | Schwab U.s. Tips ETF | ETF-Other | 0.52% | +0.34% | +180.12% | |
| 36 | MTUM | Ishares Msci USA Momentum Fa | ETF-Other | 0.48% | — | -19.07% | |
| 37 | IEI | Ishares 3-7 Year Treasury Bo | ETF-Gov Bonds | 0.47% | -0.54% | -54.47% | |
| 38 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.47% | — | +9.98% | |
| 39 | VZ | Verizon Communications INC | Stock-Comm Services | 0.47% | — | -5.52% | |
| 40 | IAUUSD | Ishares Gold Trust | ETF-Commodities | 0.46% | — | +7.94% | |
| 41 | CSCO | Cisco Systems INC | Stock-Tech | 0.45% | — | -11.77% | |
| 42 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.43% | — | +7.23% | |
| 43 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 0.43% | +0.14% | +37.55% | |
| 44 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.41% | — | +19.30% | |
| 45 | IJK | Ishares S&p Mid-cap 400 Grow | ETF-Other | 0.39% | — | +7.83% | |
| 46 | BND | Vanguard Total Bond Market | ETF-Other | 0.39% | +0.17% | +68.68% | |
| 47 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.39% | — | -7.13% | |
| 48 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 0.37% | — | -1.50% | |
| 49 | INTC | Intel CORP | Stock-Tech | 0.36% | — | -6.13% | |
| 50 | BAC | Bank Of America CORP | Stock-Financials | 0.35% | — | -7.66% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2019 Q3 | 930 | $128.3M | 20 | ||
| 2019 Q2 | 942 | $130.9M | 24 | ||
| 2019 Q1 | 936 | $127.4M | 40 | ||
| 2018 Q4 | 1011 | $132.2M | 50 | ||
| 2018 Q3 | 1022 | $153.9M | 30 | ||
| 2018 Q2 | 972 | $136.8M | 84 | ||
| 2018 Q1 | 1022 | $262.1M | 43 | ||
| 2017 Q4 | 1019 | $322.3M | 33 | ||
| 2017 Q3 | 1040 | $306.7M | 48 | ||
| 2017 Q2 | 1096 | $286.3M | 51 | ||
| 2017 Q1 | 991 | $252.7M | 62 | ||
| 2016 Q4 | 981 | $270.4M | 68 | ||
| 2016 Q3 | 946 | $274.0M | 66 | ||
| 2016 Q2 | 892 | $212.8M | 60 | ||
| 2016 Q1 | 898 | $233.4M | 69 | ||
| 2015 Q4 | 895 | $192.7M | 48 | ||
| 2015 Q3 | 861 | $175.2M | 58 | ||
| 2015 Q2 | 872 | $205.9M | 66 | ||
| 2015 Q1 | 869 | $176.4M | 80 | ||
| 2014 Q4 | 806 | $134.1M | 0 |
Advantage Investment Management, LLC's most significant position changes for 2019-09-30: Sold out: Telefonica Brasil-adr Pref (VIV1USD); Sold out: Ares Capital CORP (ARCC); Sold out: Global Partners LP (GLP); Sold out: Mesabi Trust (MSB); Sold out: KNOT Offshore Partners LP (KNOP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ITOT | Ishares Core S&p Total U.s. | +0.8% | +419.41% | Add |
| 2 | USMV | Ishares Msci USA Min Vol Fac | +0.6% | +4.51% | Add |
| 3 | SCHP | Schwab U.s. Tips ETF | +0.3% | +180.12% | Add |
| 4 | ING | Ing Groep N.v.-sponsored Adr | +0.2% | +2179.40% | Add |
| 5 | PMT | Pennymac Mortgage Investment | +0.2% | +1938.91% | Add |
| 6 | PRF | Invesco Rafi US 1000 ETF | +0.2% | +938.50% | Add |
| 7 | BND | Vanguard Total Bond Market | +0.2% | +68.68% | Add |
| 8 | CDC | Victoryshares US Eq Income E | +0.2% | +4.98% | Add |
| 9 | GDX | Vaneck Gold Miners ETF | +0.1% | +37.55% | Add |
| 10 | SPTS | Ss Spdr P St Term Tsy ETF | -0.1% | -59.40% | Trim |
| 11 | PBI | Pitney Bowes INC | -0.1% | -99.27% | Trim |
| 12 | VEA | Vanguard Ftse Developed ETF | -0.2% | -83.68% | Trim |
| 13 | RITM | Rithm Capital CORP | -0.2% | -96.23% | Trim |
| 14 | TWOEUR | Two Harbors Investment CORP | -0.2% | -92.42% | Trim |
| 15 | FSICUSD | Fs Kkr Capital CORP | -0.2% | -25.24% | Trim |
| 16 | APAM | Artisan Partners Asset Ma -a | -0.2% | -91.63% | Trim |
| 17 | CFO | Victoryshares US 500 Enhance | -0.2% | -7.60% | Trim |
| 18 | IEI | Ishares 3-7 Year Treasury Bo | -0.5% | -54.47% | Trim |
| 19 | VIV1USD | Telefonica Brasil-adr Pref | — | EXIT | Sold out |
| 20 | ARCC | Ares Capital CORP | — | EXIT | Sold out |
| 21 | GLP | Global Partners LP | — | EXIT | Sold out |
| 22 | MSB | Mesabi Trust | — | EXIT | Sold out |
| 23 | KNOP | KNOT Offshore Partners LP | — | EXIT | Sold out |
| 24 | IEP | Icahn Enterprises LP | — | EXIT | Sold out |
| 25 | LADR | Ladder Capital Corp-reit | — | EXIT | Sold out |
| 26 | BGCPEUR | Bgc Partners Inc-cl A | — | EXIT | Sold out |
| 27 | SRLPUSD | Sprague Resources LP | — | EXIT | Sold out |
| 28 | VEDL | Vedanta Ltd-adr | — | EXIT | Sold out |
| 29 | CHMI | Cherry Hill Mortgage Investm | — | EXIT | Sold out |
| 30 | ✓ | — | NEW | New buy | |
| 31 | OSBCAD | Norbord INC | — | EXIT | Sold out |
| 32 | ✓ | Irsa Propiedades Comerciales | — | NEW | New buy |
| 33 | BMA | Banco Macro Sa-adr | — | NEW | New buy |
| 34 | ✓ | Enel Americas S A | — | NEW | New buy |
| 35 | FSC1EUR | Oaktree Specialty Lending Co | — | NEW | New buy |
| 36 | AM | Antero Midstream CORP | — | NEW | New buy |
| 37 | TGS | Transportador Gas-adr Sp B | — | NEW | New buy |
| 38 | BBVA | Banco Bilbao Vizcaya-sp Adr | — | NEW | New buy |
| 39 | CODI | Compass Diversified Holdings | — | NEW | New buy |
| 40 | HRZN | Horizon Technology Finance C | — | NEW | New buy |
| 41 | SHI1USD | Sinopec Shanghai-spons Adr | — | NEW | New buy |
| 42 | M | Macy's INC | — | NEW | New buy |
| 43 | NBLXUSD | Noble Midstream Partners LP | — | NEW | New buy |
| 44 | SNPUSD | China Petroleum & Chem-adr | — | NEW | New buy |
| 45 | VET | Vermilion Energy INC | — | NEW | New buy |
| 46 | PRT | Permrock Royalty Trust | — | NEW | New buy |
| 47 | CATO | Cato Corp-class A | — | EXIT | Sold out |
| 48 | ✓ | — | NEW | New buy | |
| 49 | TLRDQ | Tailored Brands INC | — | EXIT | Sold out |
| 50 | BX | Blackstone INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2019 Q3 | 2019-10-08 | 13F-HR | View on EDGAR |
| 2019 Q2 | 2019-07-30 | 13F-HR | View on EDGAR |
| 2019 Q1 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018 Q4 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018 Q3 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018 Q2 | 2018-08-13 | 13F-HR | View on EDGAR |
| 2018 Q1 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017 Q4 | 2018-02-12 | 13F-HR | View on EDGAR |
| 2017 Q3 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017 Q2 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017 Q1 | 2017-05-08 | 13F-HR | View on EDGAR |
| 2016 Q4 | 2017-02-17 | 13F-HR | View on EDGAR |
| 2016 Q3 | 2017-03-27 | 13F-HR | View on EDGAR |
| 2016 Q2 | 2017-03-27 | 13F-HR | View on EDGAR |
| 2016 Q1 | 2017-03-27 | 13F-HR | View on EDGAR |
| 2015 Q4 | 2017-03-27 | 13F-HR | View on EDGAR |
| 2015 Q3 | 2017-03-27 | 13F-HR | View on EDGAR |
| 2015 Q2 | 2017-03-27 | 13F-HR | View on EDGAR |
| 2015 Q1 | 2017-03-27 | 13F-HR | View on EDGAR |
| 2014 Q4 | 2017-03-27 | 13F-HR | View on EDGAR |
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