CIK: 0001724264
Total reported value
$4.1B
Reporting period: 2021-12-31 · Number of holdings: 303
MD Financial Management Inc. disclosed 303 holdings in its latest 13F filing for the period ending 2021-12-31, with total reported value of $4.1B and a quarterly turnover rate of 0.0%.
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MD Financial Management Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.020 — mathematically equivalent to about 49 equally-sized positions, well below its 303 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 2.28), 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 6% 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.
No holding changes this quarter
Showing top 200 holdings (of 303 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | XLK | Ss Technology Select Sector | ETF-Tech | 4.07% | — | +11.06% | |
| 2 | IGF | Ishares Global Infrastructur | ETF-Other | 3.98% | — | +0.76% | |
| 3 | GOVT | Ishares US Treasury Bond ETF | ETF-Gov Bonds | 3.82% | — | — | |
| 4 | ACWV | Ishares Msci Global Min Vol | ETF-Other | 3.79% | — | +207.51% | |
| 5 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 3.62% | — | +6.73% | |
| 6 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 3.13% | — | -1.64% | |
| 7 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 3.09% | — | +26.93% | |
| 8 | GUNR | Flexshares Global Upstream N | ETF-Other | 3.04% | — | -3.51% | |
| 9 | EMB | Ishares Jp Morgan Usd Emergi | ETF-Other | 2.94% | — | +49.31% | |
| 10 | VSS | Vanguard Ftse All Wo X-us Sc | ETF-Other | 2.93% | — | +1.68% | |
| 11 | VNQ | Vanguard Real Estate ETF | ETF-Other | 2.72% | — | -38.20% | |
| 12 | SCHP | Schwab U.s. Tips ETF | ETF-Other | 2.67% | — | -3.43% | |
| 13 | VB | Vanguard Small-cap ETF | ETF-Other | 2.38% | — | -34.24% | |
| 14 | RWX | State Street Spdr Dow Jones | ETF-Other | 2.13% | — | -0.45% | |
| 15 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 2.13% | — | +9.28% | |
| 16 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 2.07% | — | -5.28% | |
| 17 | EMLC | Vaneck JPM Em Local Curr Bnd | ETF-Other | 2.01% | — | +1.00% | |
| 18 | JNK | Ss Spdr Bb High Yield Bond | ETF-High Yield | 1.95% | — | -3.73% | |
| 19 | BKLN | Invesco Senior Loan ETF | ETF-Other | 1.84% | — | -2.48% | |
| 20 | VMBS | Vanguard Mortgage-backed Sec | ETF-Other | 1.73% | — | -5.16% | |
| 21 | IWC | Ishares Micro-cap ETF | ETF-Other | 1.72% | — | +7.99% | |
| 22 | MOO | Vaneck Agribusiness ETF | ETF-Other | 1.68% | — | -0.10% | |
| 23 | XLI | Ss Industrial Select Sector | ETF-Other | 1.60% | — | +14.91% | |
| 24 | GNR | State Street Spdr S&p Global | ETF-Other | 1.48% | — | -3.44% | |
| 25 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.45% | — | -40.07% | |
| 26 | CWB | Ss Spdr Bb Conv Sec ETF | ETF-Other | 1.45% | — | +3.95% | |
| 27 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.41% | — | — | |
| 28 | BWX | State Street Spdr Bloomberg | ETF-Other | 1.27% | — | -1.55% | |
| 29 | GLD | Spdr Gold Shares | ETF-Commodities | 1.14% | — | -4.72% | |
| 30 | XLF | Ss Financial Select Sector | ETF-Other | 1.13% | — | -2.86% | |
| 31 | SLV | Ishares Silver Trust | ETF-Commodities | 1.11% | — | -0.44% | |
| 32 | FLOT | Ishares Floating Rate Bond E | ETF-Other | 1.09% | — | -4.06% | |
| 33 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 1.07% | — | -2.59% | |
| 34 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 1.04% | — | -34.78% | |
| 35 | AAPL | Apple INC | Stock-Tech | 0.99% | — | -2.64% | |
| 36 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-Other | 0.93% | — | -8.50% | |
| 37 | PHO | Invesco Water Resources ETF | ETF-Other | 0.93% | — | -2.21% | |
| 38 | SIL | Global X Silver Miners ETF | ETF-Commodities | 0.91% | — | -4.02% | |
| 39 | MSFT | Microsoft CORP | Stock-Tech | 0.84% | — | +4.41% | |
| 40 | PFF | Ishares Preferred & Income S | ETF-Other | 0.83% | — | -5.24% | |
| 41 | XLV | Ss Health Care Select Sector | ETF-Other | 0.81% | — | +64.77% | |
| 42 | USIG | Ishares Broad Usd Investment | ETF-Other | 0.81% | — | -0.96% | |
| 43 | XLB | Ss Materials Select Sector | ETF-Other | 0.79% | — | +176.84% | |
| 44 | WOOD | Ishares Global Timber & Fore | ETF-Other | 0.55% | — | -0.02% | |
| 45 | CGW | Invesco S&p Global Water Ind | ETF-Other | 0.50% | — | -4.26% | |
| 46 | FIW | First Trust Water ETF | ETF-Other | 0.47% | — | +0.47% | |
| 47 | WIP | State Street Spdr Ftse Inter | ETF-Other | 0.44% | — | +1.55% | |
| 48 | PIO | Invesco Global Water ETF | ETF-Other | 0.43% | — | +2.56% | |
| 49 | LIT | Global X Lithium & Battery T | ETF-Other | 0.42% | — | -6.50% | |
| 50 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.39% | — | -7.24% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2021-12-31 | 303 | $4.1B | 0 | |
| 2021-09-30 | 298 | $3.9B | 0 | |
| 2021-06-30 | 296 | $3.5B | 99 | |
| 2021-03-31 | 231 | $3.4B | 37 | |
| 2020-12-31 | 125 | $3.2B | 27 | |
| 2020-09-30 | 42 | $2.5B | 41 | |
| 2020-06-30 | 42 | $1.9B | 27 | |
| 2020-03-31 | 46 | $1.6B | 45 | |
| 2019-12-31 | 42 | $2.0B | 30 | |
| 2019-09-30 | 41 | $1.9B | 35 | |
| 2019-06-30 | 46 | $2.1B | 57 | |
| 2019-03-31 | 34 | $2.2B | 18 | |
| 2018-12-31 | 35 | $2.0B | 15 | |
| 2018-09-30 | 34 | $2.2B | 7 | |
| 2018-06-30 | 33 | $2.2B | 34 | |
| 2018-03-31 | 34 | $2.1B | 12 | |
| 2017-12-31 | 34 | $2.0B | 0 |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2022-01-19 | Amendment | View on EDGAR |
| 2021-09-30 | 2022-01-14 | Amendment | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-21 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-06 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-26 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-04 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-24 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-21 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-01 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-26 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-10 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-05-10 | Amendment | View on EDGAR |
| 2018-12-31 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-09 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-30 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-07 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-01 | 13F-HR | View on EDGAR |
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