ST
SAL Trading, LLC Historical SEC 13F Holdings & Archive (Q3 2024)
SAL Trading, LLCCIK: 0001879635
Concentrated strategySector-focusedLong-term holder
Total reported value
$57.0M
Reporting period: 2024-09-30 · Number of holdings: 9
SAL Trading, LLC disclosed 9 holdings in its latest 13F filing for the period ending 2024-09-30, with total reported value of $57.0M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 12
- Sizing Uniformity
- 80.54
SAL Trading, LLC's disclosed holdings carry a Herfindahl concentration index of 0.693 — mathematically equivalent to about 1 equally-sized positions, well below its 9 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 1.95), 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 16% 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 6 holdings (of 9 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 | 82.43% | — | — | |
| 2 | GSK | Gsk Plc-spon Adr | Stock-Healthcare | 10.75% | — | — | |
| 3 | ARGX | Argenx Se - Adr | Stock-Healthcare | 3.57% | — | -17.59% | |
| 4 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 1.40% | — | -10.52% | |
| 5 | FRO | Frontline plc | Stock-Other | 0.95% | — | — | |
| 6 | MT | Arcelormittal-ny Registered | Stock-Other | 0.91% | — | — |
Portfolio Performance
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+25.1%
- Stdev
- +11.2%
- Beta
- +0.72
- Alpha
- +2.5%
- Max Drawdown
- -5.4%
- Annualized Perf
- +17.5%
- Batting Avg vs S&P
- +55.6%
- Sortino
- +2.92
- Stutzer
- +0.43
- Treynor
- +0.23
- Sterling
- +1.17
- Calmar
- +3.24
- Information Ratio
- -0.44
- Tracking Error
- +7.2%
- Stdev Down
- +5.8%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +33.1%
- Worst 12 Months
- +10.7%
- Efficiency Ratio
- +0.6
- Sharpe
- +1.51
- Stdev Sectors
- +41.1%
- Skewness
- -0.29
- Kurtosis
- -0.41
- Upside Potential
- +4.47
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is SAL Trading, LLC and what type of investor is it?
SAL Trading, 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 (2024-09-30), the firm manages a tracked equity portfolio valued at approximately $57.0M, spread across 9 disclosed positions.
What are SAL Trading, LLC's largest equity positions?
Based on the latest 13F filing, SAL Trading, LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $47.0M (82.4%)
2. Gsk Plc-spon Adr (GSK) — $6.1M (10.8%)
3. Argenx Se - Adr (ARGX) — $2.0M (3.6%)
4. Rio Tinto Plc-spon Adr (RIO) — $796.0K (1.4%)
5. Frontline plc (FRO) — $541.5K (0.9%)
What changes did SAL Trading, LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for SAL Trading, LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does SAL Trading, LLC focus on?
SAL Trading, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 91.1%
• Materials: 8.9%
Investment Profile
SAL Trading, LLC returned an annualized 17.5% over the trailing 36 months — outperforming the S&P 500 by 2.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.72 (less volatile than the market) and a 56% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 91.1% of the portfolio concentrated in Health Care.
Its concentration score has risen from 85 to 100 over the past 4 quarters — a shift toward higher-conviction positions.
It has added to its SPY position over the past two quarters (+$4.2M, now $47.0M), while trimming RIO over the same stretch (-$17.3M, still holding $796.0K).
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