CIK: 0001669336
Total reported value
$144.0M
Reporting period: 2018-12-31 · Number of holdings: 703
Kaizen Advisory, LLC disclosed 703 holdings in its latest 13F filing for the period ending 2018-12-31, with total reported value of $144.0M and a quarterly turnover rate of 32.9%.
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Kaizen Advisory, LLC's disclosed holdings carry a Herfindahl concentration index of 0.021 — mathematically equivalent to about 47 equally-sized positions, well below its 703 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 3.36), 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 31% 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.
Trim SPY
-25.4% -$10.7M
Trim NVDA
-11.4% -$937.0K
Trim MTDR
-16.4% -$674.0K
Trim NKTREUR
-15.8% -$586.0K
Trim PATK
-15.9% -$571.0K
Trim AAPL
-2.9% -$1.2M
Showing top 200 holdings (of 703 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 13.24% | -2.28% | -25.44% | |
| 2 | AAPL | Apple INC | Stock-Tech | 1.76% | -0.19% | -2.92% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 1.46% | — | +10.88% | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.12% | +0.10% | +9.30% | |
| 5 | MA | Mastercard INC - A | Stock-Financials | 0.87% | +0.03% | -9.17% | |
| 6 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.86% | — | -7.57% | |
| 7 | ADBE | Adobe INC | Stock-Tech | 0.76% | — | -10.29% | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.75% | — | +12.26% | |
| 9 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 0.71% | — | -12.41% | |
| 10 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.71% | — | -10.03% | |
| 11 | TXN | Texas Instruments INC | Stock-Tech | 0.69% | — | -10.92% | |
| 12 | FHI | Federated Hermes INC | Stock-Financials | 0.69% | — | -16.20% | |
| 13 | ✓ | Nutri Sys INC New Com | Stock-Other | 0.67% | — | -15.53% | |
| 14 | INTU | Intuit INC | Stock-Tech | 0.67% | — | -12.20% | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.66% | — | +17.48% | |
| 16 | WM | Waste Management INC | Stock-Industrials | 0.65% | — | -13.73% | |
| 17 | AFL | Aflac INC | Stock-Financials | 0.65% | — | -14.12% | |
| 18 | TSCO | Tractor Supply Company | Stock-Consumer Disc | 0.64% | — | -15.25% | |
| 19 | WDFC | Wd-40 Co | Stock-Materials | 0.63% | — | -16.38% | |
| 20 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 0.63% | -0.06% | -16.25% | |
| 21 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.61% | — | +8.07% | |
| 22 | WIREEUR | Encore Wire CORP | Stock-Other | 0.60% | — | -16.20% | |
| 23 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.60% | — | +9.52% | |
| 24 | MMS | Maximus INC | Stock-Industrials | 0.59% | — | -16.18% | |
| 25 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.59% | — | +14.66% | |
| 26 | TCP | Tc Pipelines LP | Stock-Other | 0.59% | — | -15.85% | |
| 27 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.59% | — | +9.30% | |
| 28 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.59% | — | -13.40% | |
| 29 | PNC | Pnc Financial Services Group | Stock-Financials | 0.58% | — | -12.59% | |
| 30 | YUMC | Yum China Holdings INC | Stock-Consumer Disc | 0.58% | — | -15.77% | |
| 31 | PAYX | Paychex INC | Stock-Tech | 0.58% | — | -14.39% | |
| 32 | IPG | Interpublic Group Of Cos INC | Stock-Other | 0.56% | — | -15.53% | |
| 33 | HEI-A | Heico Corp-class A | Stock-Other | 0.56% | -0.04% | -16.27% | |
| 34 | MASI* | Masimo CORP | Stock-Other | 0.56% | — | -16.23% | |
| 35 | NVR | Nvr INC | Stock-Consumer Disc | 0.56% | — | -15.38% | |
| 36 | FAST | Fastenal Co | Stock-Industrials | 0.55% | — | -15.25% | |
| 37 | JKHY | Jack Henry & Associates INC | Stock-Tech | 0.55% | -0.04% | -12.87% | |
| 38 | FMC | Fmc CORP | Stock-Materials | 0.54% | — | -15.05% | |
| 39 | FTV | Fortive CORP | Stock-Tech | 0.54% | -0.05% | -14.51% | |
| 40 | GNRC | Generac Holdings INC | Stock-Industrials | 0.54% | — | -16.11% | |
| 41 | BAH | Booz Allen Hamilton Holdings | Stock-Industrials | 0.54% | — | -16.14% | |
| 42 | ZBH | Zimmer Biomet Holdings INC | Stock-Healthcare | 0.54% | -0.06% | -14.76% | |
| 43 | XOM | Exxon Mobil CORP | Stock-Energy | 0.54% | — | +14.50% | |
| 44 | TSS | Total System Services INC | Stock-Other | 0.53% | — | -15.32% | |
| 45 | WBC1EUR | Wabco Holdings INC | Stock-Other | 0.52% | — | -16.39% | |
| 46 | FWRDUSD | Forward Air CORP | Stock-Other | 0.52% | -0.08% | -16.19% | |
| 47 | SCHN1EUR | Schnitzer Steel Inds Inc-a | Stock-Other | 0.51% | -0.06% | -15.85% | |
| 48 | NBTB | N B T Bancorp INC | Stock-Other | 0.51% | — | -16.17% | |
| 49 | ✓ | Athenahealth INC | Stock-Other | 0.51% | — | -16.45% | |
| 50 | HXL | Hexcel CORP | Stock-Industrials | 0.51% | — | -15.78% |
Not enough priced holdings yet to compute performance
Kaizen Advisory, LLC's most significant position changes for 2018-12-31: Sold out: Energen CORP; Sold out: Money Market Fiduciary; New buy: Diamondback Energy INC (FANG); Trim: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares -25.44%; Trim: Nvidia CORP (NVDA) — shares -11.43%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com INC | +0.1% | +9.30% | Add |
| 2 | MA | Mastercard INC - A | 0% | -9.17% | Trim |
| 3 | ADBE | Adobe INC | — | -10.29% | Trim |
| 4 | JKHY | Jack Henry & Associates INC | 0% | -12.87% | Trim |
| 5 | HEI-A | Heico Corp-class A | 0% | -16.27% | Trim |
| 6 | FTV | Fortive CORP | -0.1% | -14.51% | Trim |
| 7 | VEEV | Veeva Systems Inc-class A | -0.1% | -16.25% | Trim |
| 8 | ZBH | Zimmer Biomet Holdings INC | -0.1% | -14.76% | Trim |
| 9 | SCHN1EUR | Schnitzer Steel Inds Inc-a | -0.1% | -15.85% | Trim |
| 10 | NMIH | Nmi Holdings INC | -0.1% | -16.17% | Trim |
| 11 | FIX | Comfort Systems USA INC | -0.1% | -16.06% | Trim |
| 12 | HWAYEUR | Tivity Health INC | -0.1% | -16.19% | Trim |
| 13 | VSMEUR | Versum Materials INC | -0.1% | -16.24% | Trim |
| 14 | CMA | Comerica INC | -0.1% | -15.31% | Trim |
| 15 | FWRDUSD | Forward Air CORP | -0.1% | -16.19% | Trim |
| 16 | PKG | Packaging CORP Of America | -0.1% | -15.90% | Trim |
| 17 | BOKF | Bok Financial Corporation | -0.1% | -16.24% | Trim |
| 18 | KEY | Keycorp | -0.1% | -14.98% | Trim |
| 19 | SNDR | Schneider National Inc-cl B | -0.1% | -16.19% | Trim |
| 20 | ASB | Associated Banc-corp | -0.1% | -16.12% | Trim |
| 21 | RNST | Renasant CORP | -0.1% | -16.13% | Trim |
| 22 | HII | Huntington Ingalls Industrie | -0.1% | -15.81% | Trim |
| 23 | FCX | Freeport-mcmoran INC | -0.1% | -14.88% | Trim |
| 24 | ✓ | Laboratory CORP Amer Hldgs | -0.1% | -15.26% | Trim |
| 25 | GWB | Great Western Bancorp INC | -0.1% | -16.26% | Trim |
| 26 | TSCUSD | Tristate Capital Hldgs INC | -0.1% | -16.19% | Trim |
| 27 | CC | Chemours Co/the | -0.1% | -15.99% | Trim |
| 28 | SYXUSD | Systemax INC | -0.1% | -17.44% | Trim |
| 29 | APAM | Artisan Partners Asset Ma -a | -0.1% | -15.82% | Trim |
| 30 | DLX | Deluxe CORP | -0.1% | -16.32% | Trim |
| 31 | CXOEUR | Concho Resources INC | -0.1% | -13.32% | Trim |
| 32 | GBX | Greenbrier Companies INC | -0.1% | -16.27% | Trim |
| 33 | STLD | Steel Dynamics INC | -0.1% | -16.28% | Trim |
| 34 | CADEEUR | Cadence Bancorp | -0.1% | -16.52% | Trim |
| 35 | VLO | Valero Energy CORP | -0.2% | -13.20% | Trim |
| 36 | BFH | Bread Financial Holdings INC | -0.2% | -15.88% | Trim |
| 37 | SUPN | Supernus Pharmaceuticals INC | -0.2% | -16.61% | Trim |
| 38 | DCH | Dauch Corporation | -0.2% | -16.80% | Trim |
| 39 | ✓ | -0.2% | -16.26% | Trim | |
| 40 | LMAT | Lemaitre Vascular INC | -0.2% | -16.01% | Trim |
| 41 | AAPL | Apple INC | -0.2% | -2.92% | Trim |
| 42 | LBRT | Liberty Energy INC | -0.2% | -16.67% | Trim |
| 43 | NKTREUR | Nektar Therapeutics | -0.2% | -15.84% | Trim |
| 44 | PATK | Patrick Industries INC | -0.2% | -15.90% | Trim |
| 45 | MTDR | Matador Resources Co | -0.3% | -16.43% | Trim |
| 46 | NVDA | Nvidia CORP | -0.4% | -11.43% | Trim |
| 47 | SPY | Ss Spdr S&p 500 ETF Trust-us | -2.3% | -25.44% | Trim |
| 48 | ✓ | Energen CORP | — | EXIT | Sold out |
| 49 | ✓ | Money Market Fiduciary | — | EXIT | Sold out |
| 50 | FANG | Diamondback Energy INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2018-12-31 | 2019-02-15 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-01 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-26 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
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