MF
MD Financial Management Inc. Historical SEC 13F Holdings & Archive (Q4 2021)
MD Financial Management Inc.CIK: 0001724264
Diversified strategyLong-term holderQuality / disciplined sizing
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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Personality snowflake
- Concentration
- 8.13
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 67.07
- Diversification
- 100
- Sizing Uniformity
- 77.25
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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list 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% |
1–50 of 200
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2021 Q4 | 303 | $4.1B | 0 | ||
| 2021 Q3 | 298 | $3.9B | 0 | ||
| 2021 Q2 | 296 | $3.5B | 99 | ||
| 2021 Q1 | 231 | $3.4B | 37 | ||
| 2020 Q4 | 125 | $3.2B | 27 | ||
| 2020 Q3 | 42 | $2.5B | 41 | ||
| 2020 Q2 | 42 | $1.9B | 27 | ||
| 2020 Q1 | 46 | $1.6B | 45 | ||
| 2019 Q4 | 42 | $2.0B | 30 | ||
| 2019 Q3 | 41 | $1.9B | 35 | ||
| 2019 Q2 | 46 | $2.1B | 57 | ||
| 2019 Q1 | 34 | $2.2B | 18 | ||
| 2018 Q4 | 35 | $2.0B | 15 | ||
| 2018 Q3 | 34 | $2.2B | 7 | ||
| 2018 Q2 | 33 | $2.2B | 34 | ||
| 2018 Q1 | 34 | $2.1B | 12 | ||
| 2017 Q4 | 34 | $2.0B | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is MD Financial Management Inc. and what type of investor is it?
MD Financial Management Inc. 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 (2021-12-31), the firm manages a tracked equity portfolio valued at approximately $4.1B, spread across 303 disclosed positions.
What are MD Financial Management Inc.'s largest equity positions?
Based on the latest 13F filing, MD Financial Management Inc.'s top holdings by market value are:
1. Ss Technology Select Sector (XLK) — $168.9M (4.1%)
2. Ishares Global Infrastructur (IGF) — $165.2M (4.0%)
3. Ishares US Treasury Bond ETF (GOVT) — $158.6M (3.8%)
4. Ishares Msci Global Min Vol (ACWV) — $157.2M (3.8%)
5. Ishares Core Msci Emerging (IEMG) — $150.4M (3.6%)
What changes did MD Financial Management Inc. make in its most recent portfolio filing?
No notable portfolio changes were recorded for MD Financial Management Inc. in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does MD Financial Management Inc. focus on?
MD Financial Management Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.0%
• Consumer Discretionary: 16.1%
• Financials: 11.6%
• Health Care: 11.4%
• Communication Services: 11.0%
• Consumer Staples: 7.8%
Investment Profile
MD Financial Management Inc.'s portfolio is broadly diversified and long-term-holding, with 39.0% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 27 to 0 over the past 4 quarters — a shift toward longer holding periods.
It has added to its XLK position over the past two quarters (+$55.2M, now $168.9M), while trimming USIG over the same stretch (-$36.9M, still holding $33.5M).
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