FI
Fcm Investments/tx Historical SEC 13F Holdings & Archive (Q4 2017)
Fcm Investments/txCIK: 0001061187
Sector-focusedMomentum followerConcentrated strategy
Total reported value
$70.1M
Reporting period: 2017-12-31 · Number of holdings: 32
FCM INVESTMENTS/TX disclosed 32 holdings in its latest 13F filing for the period ending 2017-12-31, with total reported value of $70.1M and a quarterly turnover rate of 20.1%.
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Personality snowflake
- Concentration
- 75.02
- Portfolio Stability
- 20.13
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 64
- Sizing Uniformity
- 77.28
Fcm Investments/tx's disclosed holdings carry a Herfindahl concentration index of 0.188 — mathematically equivalent to about 5 equally-sized positions, well below its 32 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 2.27), 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 6.6 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 26% 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.govAdd GLD
-10.5% -$2.7M
Add CPRT
-10.6% $440.0K
Trim CELG
-10.3% -$1.9M
Add GOOGL
-10.1% -$170.0K
Add GOOG
-10.7% -$149.0K
Add ISRG
+166.8% -$391.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GLD | Spdr Gold Shares | ETF-Commodities | 38.78% | +3.37% | -10.47% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 8.60% | +1.25% | -10.09% | |
| 3 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 7.90% | +1.15% | -10.75% | |
| 4 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 7.51% | +0.81% | +166.78% | |
| 5 | CTSH | Cognizant Tech Solutions-a | Stock-Tech | 6.62% | +0.28% | -11.34% | |
| 6 | CPRT | Copart Inc | Stock-Industrials | 5.71% | +1.49% | -10.59% | |
| 7 | PAYC | Paycom Software Inc | Stock-Tech | 5.25% | +0.71% | -10.24% | |
| 8 | CELG | Celgene CORP | Stock-Other | 4.97% | -1.47% | -10.34% | |
| 9 | HQY | Healthequity Inc | Stock-Healthcare | 4.38% | +0.01% | -9.53% | |
| 10 | CHKP | Check Point Software Technologies Ltd. | Stock-Tech | 4.13% | -0.08% | -10.27% | |
| 11 | HCSG | Healthcare Services Group | Stock-Other | 3.62% | +0.08% | -12.83% | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 0.49% | +0.14% | — | |
| 13 | STT | State Street CORP | Stock-Financials | 0.22% | +0.04% | — | |
| 14 | AAPL | Apple Inc | Stock-Tech | 0.21% | +0.05% | — | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.19% | +0.04% | — | |
| 16 | BA | Boeing Co/the | Stock-Industrials | 0.17% | +0.05% | — | |
| 17 | DHR | Danaher CORP | Stock-Healthcare | 0.15% | +0.03% | — | |
| 18 | UNP | Union Pacific CORP | Stock-Industrials | 0.13% | +0.04% | — | |
| 19 | INTC | Intel CORP | Stock-Tech | 0.13% | +0.04% | — | |
| 20 | AKAM | Akamai Technologies Inc | Stock-Tech | 0.12% | +0.05% | — | |
| 21 | BPLUSD | Buckeye Partners LP | Stock-Other | 0.10% | +0.01% | — | |
| 22 | XOM | Exxon Mobil CORP | Stock-Energy | 0.10% | +0.02% | — | |
| 23 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 0.09% | +0.09% | NEW | |
| 24 | CSCO | Cisco Systems Inc | Stock-Tech | 0.08% | +0.02% | — | |
| 25 | BCE | Bce Inc | Stock-Comm Services | 0.07% | +0.01% | — | |
| 26 | GSK | GSK plc | Stock-Healthcare | 0.07% | — | — | |
| 27 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.05% | — | — | |
| 28 | V | Visa Inc-class A Shares | Stock-Financials | 0.05% | +0.01% | — | |
| 29 | ABT | Abbott Laboratories | Stock-Healthcare | 0.05% | +0.01% | — | |
| 30 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.03% | — | — | |
| 31 | T | At&t Inc | Stock-Comm Services | 0.03% | — | — | |
| 32 | ENB | Enbridge Inc. | Stock-Energy | 0.02% | — | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2017 Q4 | 32 | $70.1M | 20 | ||
| 2017 Q3 | 34 | $84.4M | 48 | ||
| 2017 Q2 | 48 | $130.9M | 26 | ||
| 2017 Q1 | 86 | $158.6M | 13 | ||
| 2016 Q4 | 97 | $165.3M | 15 | ||
| 2016 Q3 | 92 | $178.5M | 14 | ||
| 2016 Q2 | 91 | $168.4M | 34 | ||
| 2016 Q1 | 89 | $187.6M | 18 | ||
| 2015 Q4 | 96 | $192.9M | 20 | ||
| 2015 Q3 | 94 | $203.1M | 34 | ||
| 2015 Q2 | 97 | $209.6M | 10 | ||
| 2015 Q1 | 96 | $206.9M | 12 | ||
| 2014 Q4 | 97 | $213.3M | 31 | ||
| 2014 Q3 | 98 | $219.7M | 23 | ||
| 2014 Q2 | 100 | $218.3M | 24 | ||
| 2014 Q1 | 99 | $240.3M | 22 | ||
| 2013 Q4 | 112 | $244.5M | 17 | ||
| 2013 Q3 | 111 | $249.4M | 22 | ||
| 2013 Q2 | 114 | $224.1M | 0 |
Holding changes this quarter
Fcm Investments/tx's most significant position changes for 2017-12-31: Sold out: Hdfc Bank Ltd-adr (HDB); Sold out: Alibaba Group Holding-sp Adr (BABA); Sold out: Baidu Inc - Spon Adr (BIDU); New buy: Nike Inc -cl B (NKE); Trim: Spdr Gold Shares (GLD) — shares -10.47%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GLD | Spdr Gold Shares | +3.4% | -10.47% | Trim |
| 2 | CPRT | Copart Inc | +1.5% | -10.59% | Trim |
| 3 | GOOGL | Alphabet Inc-cl A | +1.3% | -10.09% | Trim |
| 4 | GOOG | Alphabet Inc-cl C | +1.2% | -10.75% | Trim |
| 5 | ISRG | Intuitive Surgical Inc | +0.8% | +166.78% | Add |
| 6 | PAYC | Paycom Software Inc | +0.7% | -10.24% | Trim |
| 7 | CTSH | Cognizant Tech Solutions-a | +0.3% | -11.34% | Trim |
| 8 | MSFT | Microsoft CORP | +0.1% | — | Unchanged |
| 9 | HCSG | Healthcare Services Group | +0.1% | -12.83% | Trim |
| 10 | AKAM | Akamai Technologies Inc | +0.1% | — | Unchanged |
| 11 | BA | Boeing Co/the | +0.1% | — | Unchanged |
| 12 | AAPL | Apple Inc | +0.1% | — | Unchanged |
| 13 | INTC | Intel CORP | 0% | — | Unchanged |
| 14 | UNP | Union Pacific CORP | 0% | — | Unchanged |
| 15 | JNJ | Johnson & Johnson | 0% | — | Unchanged |
| 16 | STT | State Street CORP | 0% | — | Unchanged |
| 17 | DHR | Danaher CORP | 0% | — | Unchanged |
| 18 | CSCO | Cisco Systems Inc | 0% | — | Unchanged |
| 19 | XOM | Exxon Mobil CORP | 0% | — | Unchanged |
| 20 | HQY | Healthequity Inc | 0% | -9.53% | Trim |
| 21 | BPLUSD | Buckeye Partners LP | 0% | — | Unchanged |
| 22 | V | Visa Inc-class A Shares | 0% | — | Unchanged |
| 23 | ABT | Abbott Laboratories | 0% | — | Unchanged |
| 24 | BCE | Bce Inc | 0% | — | Unchanged |
| 25 | GSK | GSK plc | — | — | Unchanged |
| 26 | ENB | Enbridge Inc. | — | — | Unchanged |
| 27 | BMY | Bristol-myers Squibb Co | — | — | Unchanged |
| 28 | VZ | Verizon Communications Inc | — | — | Unchanged |
| 29 | T | At&t Inc | — | — | Unchanged |
| 30 | CHKP | Check Point Software Technologies Ltd. | -0.1% | -10.27% | Trim |
| 31 | CELG | Celgene CORP | -1.5% | -10.34% | Trim |
| 32 | HDB | Hdfc Bank Ltd-adr | — | EXIT | Sold out |
| 33 | BABA | Alibaba Group Holding-sp Adr | — | EXIT | Sold out |
| 34 | BIDU | Baidu Inc - Spon Adr | — | EXIT | Sold out |
| 35 | NKE | Nike Inc -cl B | — | NEW | New buy |
Filing History
FAQ
What is Fcm Investments/tx and what type of investor is it?
Fcm Investments/tx 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 (2017-12-31), the firm manages a tracked equity portfolio valued at approximately $70.1M, spread across 32 disclosed positions.
What are Fcm Investments/tx's largest equity positions?
Based on the latest 13F filing, Fcm Investments/tx's top holdings by market value are:
1. Spdr Gold Shares (GLD) — $27.2M (38.8%)
2. Alphabet Inc-cl A (GOOGL) — $6.0M (8.6%)
3. Alphabet Inc-cl C (GOOG) — $5.5M (7.9%)
4. Intuitive Surgical Inc (ISRG) — $5.3M (7.5%)
5. Cognizant Tech Solutions-a (CTSH) — $4.6M (6.6%)
What changes did Fcm Investments/tx make in its most recent portfolio filing?
In the latest reported quarter, Fcm Investments/tx made 15 notable position adjustments: 1 new positions were initiated, 1 existing holdings were added to, 10 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Hdfc Bank Ltd-adr (HDB); Sold out: Alibaba Group Holding-sp Adr (BABA); Sold out: Baidu Inc - Spon Adr (BIDU); New buy: Nike Inc -cl B (NKE); Trim: Spdr Gold Shares (GLD) — shares -10.47%
What sectors does Fcm Investments/tx focus on?
Fcm Investments/tx is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 63.9%
• Health Care: 30.6%
• Information Technology: 3.5%
• Industrials: 1.1%
• Energy: 0.4%
• Consumer Discretionary: 0.3%
Investment Profile
Fcm Investments/tx's portfolio is concentrated and moderately active, with 63.9% of the portfolio concentrated in Communication Services.
Its concentration score has risen from 23 to 75 over the past 4 quarters — a shift toward higher-conviction positions.
It has added to its CPRT position over the past two quarters (+$599.0K, now $4.0M), while trimming GOOGL over the same stretch (-$6.5M, still holding $6.0M).
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Developer Access
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