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Thornmark Asset Management Inc. Historical SEC 13F Holdings & Archive (Q4 2014)
Thornmark Asset Management Inc.CIK: 0001482638
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$33.5M
Reporting period: 2014-12-31 · Number of holdings: 47
Thornmark Asset Management Inc. disclosed 47 holdings in its latest 13F filing for the period ending 2014-12-31, with total reported value of $33.5M and a quarterly turnover rate of 42.0%.
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Personality snowflake
- Concentration
- 11.22
- Portfolio Stability
- 41.98
- Momentum
- 100
- Sector conviction
- 47.83
- Diversification
- 94
- Sizing Uniformity
- 94.29
Thornmark Asset Management Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.028 — mathematically equivalent to about 36 equally-sized positions, close to its 47 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.57), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim SLF
-58.2% -$1.1M
Trim MET
-61.9% -$890.0K
Add XLK
+18.6% $369.0K
Add 39945C109
+71.6% $469.0K
Add AAPL
+51.5% $435.0K
Trim ERFGBP
-24.9% -$600.0K
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 | XLK | Ss Technology Select Sector | ETF-Tech | 5.91% | +1.76% | +18.56% | |
| 2 | XLF | Ss Financial Select Sector | ETF-Other | 4.80% | +4.80% | NEW | |
| 3 | BMO | Bank Of Montreal | Stock-Financials | 4.49% | +0.36% | -2.43% | |
| 4 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 4.40% | +0.04% | -18.93% | |
| 5 | COF | Capital One Financial CORP | Stock-Financials | 4.29% | +0.52% | -2.79% | |
| 6 | CVS | Cvs Health CORP | Stock-Healthcare | 3.58% | +0.22% | -23.85% | |
| 7 | DGX | Quest Diagnostics Inc | Stock-Healthcare | 3.36% | +0.06% | -20.50% | |
| 8 | AAPL | Apple Inc | Stock-Tech | 3.27% | +1.57% | +51.52% | |
| 9 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 2.92% | -0.51% | -31.95% | |
| 10 | ✓ | Groupe Cgi Inc | Stock-Other | 2.89% | +1.61% | +71.61% | |
| 11 | CVX | Chevron CORP | Stock-Energy | 2.72% | +0.22% | -0.12% | |
| 12 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 2.60% | -0.94% | -35.67% | |
| 13 | DE | Deere & Co | Stock-Industrials | 2.56% | -0.44% | -31.66% | |
| 14 | TD | Toronto-dominion Bank | Stock-Financials | 2.47% | — | +3.59% | |
| 15 | BNS | Bank Of Nova Scotia | Stock-Financials | 2.46% | +0.25% | +4.26% | |
| 16 | VLO | Valero Energy CORP | Stock-Energy | 2.42% | +0.21% | -11.51% | |
| 17 | SLF | Sun Life Financial Inc | Stock-Financials | 2.29% | -2.47% | -58.23% | |
| 18 | GOOG | Alphabet Inc. | Stock-Comm Services | 2.19% | +0.51% | +25.34% | |
| 19 | WCN | Waste Connections, Inc. | Stock-Industrials | 2.10% | +0.44% | -6.54% | |
| 20 | AIG | American International Group | Stock-Financials | 2.08% | -1.22% | -47.66% | |
| 21 | ✓ | Mens Wearhouse Inc Com | Stock-Other | 2.06% | +2.06% | NEW | |
| 22 | WFC | Wells Fargo & Co | Stock-Financials | 2.04% | +0.14% | -12.49% | |
| 23 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 2.01% | +0.05% | -17.72% | |
| 24 | BAX | Baxter International Inc | Stock-Healthcare | 1.97% | -0.77% | -39.20% | |
| 25 | SU | Suncor Energy Inc | Stock-Energy | 1.90% | -1.39% | -43.23% | |
| 26 | CNQ | Canadian Natural Resources | Stock-Energy | 1.86% | -0.04% | +5.83% | |
| 27 | CSX | Csx CORP | Stock-Industrials | 1.80% | -0.28% | -33.89% | |
| 28 | CAE | Cae Inc | Stock-Other | 1.76% | +1.76% | NEW | |
| 29 | ✓ | Alphabet Inc Cl C | Stock-Other | 1.74% | +0.10% | — | |
| 30 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.65% | +0.08% | -5.15% | |
| 31 | MET | Metlife Inc | Stock-Financials | 1.65% | -2.07% | -61.91% | |
| 32 | CCAP | Crescent Capital BDC, Inc. | Stock-Other | 1.47% | +0.01% | +35.07% | |
| 33 | RCI | Rogers Communications Inc-b | Stock-Other | 1.34% | -0.05% | -20.08% | |
| 34 | ORCL | Oracle CORP | Stock-Tech | 1.34% | -0.32% | -40.90% | |
| 35 | MFC | Manulife Financial CORP | Stock-Financials | 1.32% | -1.05% | -51.51% | |
| 36 | GIL | Gildan Activewear Inc | Stock-Consumer Disc | 1.22% | -0.16% | -26.39% | |
| 37 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.14% | +0.14% | — | |
| 38 | ERFGBP | Enerplus CORP | Stock-Other | 1.10% | -1.40% | -24.87% | |
| 39 | MGA | Magna International Inc | Stock-Consumer Disc | 0.94% | -0.03% | -26.95% | |
| 40 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.94% | -0.28% | -29.13% | |
| 41 | TWXCHF | Time Warner Inc | Stock-Other | 0.93% | -0.51% | -50.81% | |
| 42 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.89% | +0.89% | NEW | |
| 43 | XLE | Ss Energy Select Sector | ETF-Other | 0.87% | +0.87% | NEW | |
| 44 | CM | Can Imperial Bk Of Commerce | Stock-Financials | 0.81% | +0.08% | — | |
| 45 | EOG | Eog Resources Inc | Stock-Energy | 0.71% | -0.44% | -42.67% | |
| 46 | XLI | Ss Industrial Select Sector | ETF-Other | 0.61% | -0.06% | -26.48% | |
| 47 | WPRT | Westport Fuel Systems Inc. | Stock-Other | 0.12% | +0.12% | NEW |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Thornmark Asset Management Inc.'s most significant position changes for 2014-12-31: New buy: Ss Financial Select Sector (XLF); New buy: Mens Wearhouse Inc Com; New buy: Cae Inc (CAE); Sold out: Canadian Natl Railway Co (CNI); Sold out: Walt Disney Co/the (DIS).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLK | Ss Technology Select Sector | +1.8% | +18.56% | Add |
| 2 | ✓ | Groupe Cgi Inc | +1.6% | +71.61% | Add |
| 3 | AAPL | Apple Inc | +1.6% | +51.52% | Add |
| 4 | COF | Capital One Financial CORP | +0.5% | -2.79% | Trim |
| 5 | GOOG | Alphabet Inc. | +0.5% | +25.34% | Add |
| 6 | WCN | Waste Connections, Inc. | +0.4% | -6.54% | Trim |
| 7 | BMO | Bank Of Montreal | +0.4% | -2.43% | Trim |
| 8 | BNS | Bank Of Nova Scotia | +0.3% | +4.26% | Add |
| 9 | CVS | Cvs Health CORP | +0.2% | -23.85% | Trim |
| 10 | CVX | Chevron CORP | +0.2% | -0.12% | Trim |
| 11 | VLO | Valero Energy CORP | +0.2% | -11.51% | Trim |
| 12 | WFC | Wells Fargo & Co | +0.1% | -12.49% | Trim |
| 13 | META | Meta Platforms Inc-class A | +0.1% | — | Unchanged |
| 14 | ✓ | Alphabet Inc Cl C | +0.1% | — | Unchanged |
| 15 | MRK | Merck & Co. Inc. | +0.1% | -5.15% | Trim |
| 16 | CM | Can Imperial Bk Of Commerce | +0.1% | — | Unchanged |
| 17 | DGX | Quest Diagnostics Inc | +0.1% | -20.50% | Trim |
| 18 | NKE | Nike Inc -cl B | +0.1% | -17.72% | Trim |
| 19 | XLP | Ss Consumer Staples Sel Sect | 0% | -18.93% | Trim |
| 20 | CCAP | Crescent Capital BDC, Inc. | 0% | +35.07% | Add |
| 21 | MGA | Magna International Inc | 0% | -26.95% | Trim |
| 22 | CNQ | Canadian Natural Resources | 0% | +5.83% | Add |
| 23 | RCI | Rogers Communications Inc-b | -0.1% | -20.08% | Trim |
| 24 | XLI | Ss Industrial Select Sector | -0.1% | -26.48% | Trim |
| 25 | GIL | Gildan Activewear Inc | -0.2% | -26.39% | Trim |
| 26 | CSX | Csx CORP | -0.3% | -33.89% | Trim |
| 27 | VZ | Verizon Communications Inc | -0.3% | -29.13% | Trim |
| 28 | ORCL | Oracle CORP | -0.3% | -40.90% | Trim |
| 29 | DE | Deere & Co | -0.4% | -31.66% | Trim |
| 30 | EOG | Eog Resources Inc | -0.4% | -42.67% | Trim |
| 31 | CMCSA | Comcast Corp-class A | -0.5% | -31.95% | Trim |
| 32 | TWXCHF | Time Warner Inc | -0.5% | -50.81% | Trim |
| 33 | BAX | Baxter International Inc | -0.8% | -39.20% | Trim |
| 34 | AEP | American Electric Power Company, Inc. | -0.9% | -35.67% | Trim |
| 35 | MFC | Manulife Financial CORP | -1.1% | -51.51% | Trim |
| 36 | AIG | American International Group | -1.2% | -47.66% | Trim |
| 37 | SU | Suncor Energy Inc | -1.4% | -43.23% | Trim |
| 38 | ERFGBP | Enerplus CORP | -1.4% | -24.87% | Trim |
| 39 | MET | Metlife Inc | -2.1% | -61.91% | Trim |
| 40 | SLF | Sun Life Financial Inc | -2.5% | -58.23% | Trim |
| 41 | XLF | Ss Financial Select Sector | — | NEW | New buy |
| 42 | ✓ | Mens Wearhouse Inc Com | — | NEW | New buy |
| 43 | CAE | Cae Inc | — | NEW | New buy |
| 44 | CNI | Canadian Natl Railway Co | — | EXIT | Sold out |
| 45 | DIS | Walt Disney Co/the | — | EXIT | Sold out |
| 46 | TECK | Teck Resources Ltd-cls B | — | EXIT | Sold out |
| 47 | TMO | Thermo Fisher Scientific Inc | — | NEW | New buy |
| 48 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | EXIT | Sold out |
| 49 | XLE | Ss Energy Select Sector | — | NEW | New buy |
| 50 | WPRT | Westport Fuel Systems Inc. | — | NEW | New buy |
Filing History
FAQ
What is Thornmark Asset Management Inc. and what type of investor is it?
Thornmark Asset 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 (2014-12-31), the firm manages a tracked equity portfolio valued at approximately $33.5M, spread across 47 disclosed positions.
What are Thornmark Asset Management Inc.'s largest equity positions?
Based on the latest 13F filing, Thornmark Asset Management Inc.'s top holdings by market value are:
1. Ss Technology Select Sector (XLK) — $2.0M (5.9%)
2. Ss Financial Select Sector (XLF) — $1.6M (4.8%)
3. Bank Of Montreal (BMO) — $1.5M (4.5%)
4. Ss Consumer Staples Sel Sect (XLP) — $1.5M (4.4%)
5. Capital One Financial CORP (COF) — $1.4M (4.3%)
What changes did Thornmark Asset Management Inc. make in its most recent portfolio filing?
In the latest reported quarter, Thornmark Asset Management Inc. made 47 notable position adjustments: 6 new positions were initiated, 7 existing holdings were added to, 30 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Ss Financial Select Sector (XLF); New buy: Mens Wearhouse Inc Com; New buy: Cae Inc (CAE); Sold out: Canadian Natl Railway Co (CNI); Sold out: Walt Disney Co/the (DIS)
What sectors does Thornmark Asset Management Inc. focus on?
Thornmark Asset Management Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 20.3%
• Health Care: 19.6%
• Communication Services: 16.0%
• Energy: 14.8%
• Information Technology: 14.7%
• Industrials: 8.2%
Investment Profile
Thornmark Asset Management Inc.'s portfolio is broadly diversified and moderately active.
Its turnover score has risen from 17 to 42 over the past 4 quarters — a shift toward more active trading.
It has added to its XLK position over the past two quarters (+$431.0K, now $2.0M), while trimming SLF over the same stretch (-$1.1M, still holding $767.0K).
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