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Aft, Forsyth & Sober, LLC Historical SEC 13F Holdings & Archive (Q4 2016)
Aft, Forsyth & Sober, LLCCIK: 0001569656
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$61.7M
Reporting period: 2016-12-31 · Number of holdings: 23
Aft, Forsyth & Sober, LLC disclosed 23 holdings in its latest 13F filing for the period ending 2016-12-31, with total reported value of $61.7M and a quarterly turnover rate of 7.5%.
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Personality snowflake
- Concentration
- 59.13
- Portfolio Stability
- 7.51
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 44
- Sizing Uniformity
- 84.64
Aft, Forsyth & Sober, LLC's disclosed holdings carry a Herfindahl concentration index of 0.148 — mathematically equivalent to about 7 equally-sized positions, well below its 23 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 1.54), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 11.7 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 1% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim TOTL
-7.3% -$1.4M
Trim IAUUSD
-90.9% -$496.0K
Add MUB
+0.2% -$407.0K
Trim SMHC
+0.2% -$1.0M
Add BAC
0.0% $138.0K
Add LQD
+0.1% -$322.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 22 holdings (of 23 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TOTL | Ss Doubleline Tr Tact ETF | ETF-Other | 19.54% | -0.91% | -7.30% | |
| 2 | SMHC | VanEck China Semiconductor ETF | ETF-Emerging Markets | 19.25% | -0.28% | +0.16% | |
| 3 | PFF | Ishares Preferred & Income S | ETF-Other | 17.21% | +0.16% | +0.18% | |
| 4 | MUB | Ishares National Muni Bond E | ETF-Other | 16.39% | +0.44% | +0.19% | |
| 5 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 10.51% | +0.19% | +0.14% | |
| 6 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 6.63% | +0.16% | +0.21% | |
| 7 | ✓ | Powershares Global ETF Trust | ETF-Other | 1.54% | +0.10% | — | |
| 8 | ICF | Ishares Select U.s. Reit ETF | ETF-Other | 1.21% | +0.02% | — | |
| 9 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 1.19% | +0.07% | — | |
| 10 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.13% | +0.10% | +4.20% | |
| 11 | SCHD | Schwab U.S. Dividend Equity ETF | ETF-Other | 0.92% | +0.09% | — | |
| 12 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.83% | +0.10% | — | |
| 13 | BAC | Bank Of America CORP | Stock-Financials | 0.77% | +0.26% | — | |
| 14 | QNDX | State Street SPDR Portfolio Nasdaq 100 ETF | ETF-Tech | 0.65% | +0.03% | — | |
| 15 | ✓ | Powershares Qqq Trust Ser 1 | Stock-Other | 0.63% | +0.03% | — | |
| 16 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.60% | +0.10% | — | |
| 17 | QQEW | First Tr Nasdaq-100 Sel Eq | ETF-Tech | 0.43% | +0.03% | — | |
| 18 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.29% | +0.03% | — | |
| 19 | ✓ | Alphabet Inc Cl C | Stock-Other | 0.13% | — | — | |
| 20 | BOH | Bank Of Hawaii CORP | Stock-Other | 0.08% | +0.02% | — | |
| 21 | IAUUSD | Ishares Gold Trust | ETF-Commodities | 0.07% | -0.75% | -90.94% | |
| 22 | IYR | Ishares US Real Estate ETF | ETF-Other | 0.01% | — | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2016 Q4 | 23 | $61.7M | 8 | ||
| 2016 Q3 | 23 | $65.9M | 100 | ||
| 2016 Q2 | 22 | $14.5M | 26 | ||
| 2016 Q1 | 19 | $12.9M | 100 | ||
| 2015 Q4 | 45 | $409.5M | 3 | ||
| 2015 Q3 | 44 | $401.4M | 8 | ||
| 2015 Q2 | 44 | $436.2M | 1 | ||
| 2015 Q1 | 43 | $438.7M | 3 | ||
| 2014 Q4 | 43 | $450.8M | 17 | ||
| 2014 Q3 | 44 | $463.9M | 6 | ||
| 2014 Q2 | 44 | $485.2M | 73 | ||
| 2014 Q1 | 40 | $226.1M | 98 | ||
| 2013 Q4 | 44 | $490.3M | 11 | ||
| 2013 Q3 | 43 | $452.4M | 9 | ||
| 2013 Q2 | 49 | $427.4M | 0 |
Holding changes this quarter
Aft, Forsyth & Sober, LLC's most significant position changes for 2016-12-31: Trim: Ss Doubleline Tr Tact ETF (TOTL) — shares -7.30%; Trim: Ishares Gold Trust (IAUUSD) — shares -90.94%; Add: Ishares National Muni Bond E (MUB) — shares +0.19%; Add: VanEck China Semiconductor ETF (SMHC) — shares +0.16%; Add: Ishr Ibx Usd Invgd Cb Etf-ui (LQD) — shares +0.14%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MUB | Ishares National Muni Bond E | +0.4% | +0.19% | Add |
| 2 | BAC | Bank Of America CORP | +0.3% | — | Unchanged |
| 3 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +0.2% | +0.14% | Add |
| 4 | PFF | Ishares Preferred & Income S | +0.2% | +0.18% | Add |
| 5 | VCIT | Vanguard Int-term Corporate | +0.2% | +0.21% | Add |
| 6 | IJR | Ishares Core S&p Small-cap E | +0.1% | — | Unchanged |
| 7 | IJH | Ishares Core S&p Midcap ETF | +0.1% | — | Unchanged |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +4.20% | Add |
| 9 | ✓ | Powershares Global ETF Trust | +0.1% | — | Unchanged |
| 10 | SCHD | Schwab U.S. Dividend Equity ETF | +0.1% | — | Unchanged |
| 11 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.1% | — | Unchanged |
| 12 | ITOT | Ishares Core S&p Total U.s. | 0% | — | Unchanged |
| 13 | QNDX | State Street SPDR Portfolio Nasdaq 100 ETF | 0% | — | Unchanged |
| 14 | QQEW | First Tr Nasdaq-100 Sel Eq | 0% | — | Unchanged |
| 15 | ✓ | Powershares Qqq Trust Ser 1 | 0% | — | Unchanged |
| 16 | ICF | Ishares Select U.s. Reit ETF | 0% | — | Unchanged |
| 17 | BOH | Bank Of Hawaii CORP | 0% | — | Unchanged |
| 18 | ✓ | Alphabet Inc Cl C | — | — | Unchanged |
| 19 | IYR | Ishares US Real Estate ETF | — | — | Unchanged |
| 20 | SMHC | VanEck China Semiconductor ETF | -0.3% | +0.16% | Add |
| 21 | IAUUSD | Ishares Gold Trust | -0.8% | -90.94% | Trim |
| 22 | TOTL | Ss Doubleline Tr Tact ETF | -0.9% | -7.30% | Trim |
Filing History
FAQ
What is Aft, Forsyth & Sober, LLC and what type of investor is it?
Aft, Forsyth & Sober, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2016-12-31), the firm manages a tracked equity portfolio valued at approximately $61.7M, spread across 23 disclosed positions.
What are Aft, Forsyth & Sober, LLC's largest equity positions?
Based on the latest 13F filing, Aft, Forsyth & Sober, LLC's top holdings by market value are:
1. Ss Doubleline Tr Tact ETF (TOTL) — $12.0M (19.5%)
2. VanEck China Semiconductor ETF (SMHC) — $11.9M (19.3%)
3. Ishares Preferred & Income S (PFF) — $10.6M (17.2%)
4. Ishares National Muni Bond E (MUB) — $10.1M (16.4%)
5. Ishr Ibx Usd Invgd Cb Etf-ui (LQD) — $6.5M (10.5%)
What changes did Aft, Forsyth & Sober, LLC make in its most recent portfolio filing?
In the latest reported quarter, Aft, Forsyth & Sober, LLC made 8 notable position adjustments: 0 new positions were initiated, 6 existing holdings were added to, 2 positions were partially reduced, and 0 were completely exited. The largest of these moves: Trim: Ss Doubleline Tr Tact ETF (TOTL) — shares -7.30%; Trim: Ishares Gold Trust (IAUUSD) — shares -90.94%; Add: Ishares National Muni Bond E (MUB) — shares +0.19%; Add: VanEck China Semiconductor ETF (SMHC) — shares +0.16%; Add: Ishr Ibx Usd Invgd Cb Etf-ui (LQD) — shares +0.14%
What sectors does Aft, Forsyth & Sober, LLC focus on?
Aft, Forsyth & Sober, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 100.0%
Investment Profile
Aft, Forsyth & Sober, LLC's portfolio is moderately concentrated and long-term-holding, with 100.0% of the portfolio concentrated in Financials.
It has added to its BAC position over the past two quarters (+$189.0K, now $474.0K), while trimming ICF over the same stretch (-$65.0K, still holding $747.0K).
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