T&
Tmd & Associates, Inc Historical SEC 13F Holdings & Archive (Q2 2019)
Tmd & Associates, IncCIK: 0001014358
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$146.4M
Reporting period: 2019-06-30 · Number of holdings: 45
TMD & ASSOCIATES, INC disclosed 45 holdings in its latest 13F filing for the period ending 2019-06-30, with total reported value of $146.4M and a quarterly turnover rate of 12.1%.
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Personality snowflake
- Concentration
- 25.85
- Portfolio Stability
- 12.13
- Momentum
- 100
- Sector conviction
- 72.93
- Diversification
- 90
- Sizing Uniformity
- 86.03
Tmd & Associates, Inc's disclosed holdings carry a Herfindahl concentration index of 0.065 — mathematically equivalent to about 15 equally-sized positions, well below its 45 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 1.40), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.8 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 4% 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 PHDG
-1.2% -$69.0K
Trim TOTL
+0.8% $317.0K
Trim QUAL
-1.7% $135.0K
Trim SLY
-1.2% $13.0K
Add JPST
+8.1% $1.3M
Add MTUM
+7.9% $540.0K
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 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 11.94% | +0.21% | +8.15% | |
| 2 | PHDG | Invesco S&p 500 Downside Hed | ETF-Large Cap & Growth | 11.84% | -0.81% | -1.16% | |
| 3 | TOTL | Ss Doubleline Tr Tact ETF | ETF-Other | 9.75% | -0.39% | +0.77% | |
| 4 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 6.31% | -0.01% | +2.90% | |
| 5 | BTALUSD | Agfiq US Market Neutral Anti | ETF-Other | 6.19% | -0.05% | +3.86% | |
| 6 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 5.99% | -0.29% | -1.68% | |
| 7 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 5.50% | -0.04% | +0.74% | |
| 8 | NETL | Cltpnt Nt Leas Rl Est-usd In | ETF-Other | 5.14% | +0.06% | +3.77% | |
| 9 | SDY | Ss Spdr S&p Dividend ETF | ETF-Other | 4.78% | -0.08% | +3.09% | |
| 10 | SLY | Spdr S&p 600 Small Cap ETF | ETF-Small Cap | 4.02% | -0.25% | -1.21% | |
| 11 | EZM | Wisdomtree US Midcap Fund | ETF-Other | 3.36% | -0.19% | -1.12% | |
| 12 | DON | Wisdomtree US Midcap Dividen | ETF-Other | 3.06% | -0.15% | +0.22% | |
| 13 | MTUM | Ishares Msci USA Momentum Fa | ETF-Other | 2.99% | +0.20% | +7.91% | |
| 14 | VUG | Vanguard Growth ETF | ETF-Other | 2.72% | -0.13% | -2.68% | |
| 15 | BOTZ | Global X Robotics & Artifici | ETF-Other | 2.65% | +2.65% | NEW | |
| 16 | ARKK | Ark Innovation ETF | ETF-Other | 2.14% | +2.14% | NEW | |
| 17 | DWM | Wisdomtree International Equ | ETF-Other | 1.70% | -0.05% | +2.34% | |
| 18 | ACWV | Ishares Msci Global Min Vol | ETF-Other | 1.61% | -0.08% | -1.35% | |
| 19 | SCHM | Schwab US Mid Cap ETF | ETF-Other | 1.22% | -0.07% | -1.94% | |
| 20 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 1.06% | -0.14% | -6.47% | |
| 21 | MSFT | Microsoft CORP | Stock-Tech | 0.96% | +0.03% | -2.77% | |
| 22 | AAPL | Apple Inc | Stock-Tech | 0.41% | — | — | |
| 23 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.39% | — | — | |
| 24 | PGR | Progressive CORP | Stock-Financials | 0.31% | +0.02% | — | |
| 25 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.30% | -0.05% | — | |
| 26 | V | Visa Inc-class A Shares | Stock-Financials | 0.29% | +0.01% | — | |
| 27 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.25% | +0.03% | +4.49% | |
| 28 | MBB | Ishares Mbs ETF | ETF-Other | 0.24% | -0.02% | — | |
| 29 | DLTR | Dollar Tree Inc | Stock-Consumer Staples | 0.24% | -0.01% | — | |
| 30 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.24% | — | — | |
| 31 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.24% | -0.01% | — | |
| 32 | KMX | Carmax Inc | Stock-Consumer Disc | 0.22% | +0.03% | — | |
| 33 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 0.21% | -0.02% | — | |
| 34 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.21% | -0.02% | — | |
| 35 | BLKCHF | Blackrock Inc | Stock-Other | 0.17% | — | — | |
| 36 | CSCO | Cisco Systems Inc | Stock-Tech | 0.17% | -0.01% | — | |
| 37 | YUSD | Alleghany CORP | Stock-Other | 0.16% | +0.01% | — | |
| 38 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.16% | -0.03% | -2.29% | |
| 39 | ORLY | O'reilly Automotive Inc | Stock-Consumer Disc | 0.15% | -0.02% | — | |
| 40 | CCL1EUR | Carnival CORP LTD | Stock-Consumer Disc | 0.15% | -0.02% | +2.16% | |
| 41 | WFC | Wells Fargo & Co | Stock-Financials | 0.15% | +0.15% | NEW | |
| 42 | QUS | Ss Spdr Msci U Stratfact ETF | ETF-Other | 0.14% | -0.04% | -15.98% | |
| 43 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.14% | +0.14% | NEW | |
| 44 | DE | Deere & Co | Stock-Industrials | 0.14% | +0.14% | NEW | |
| 45 | ISREUR | Isoray Inc | Stock-Other | 0.01% | — | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2019 Q2 | 45 | $146.4M | 12 | ||
| 2019 Q1 | 43 | $137.6M | 76 | ||
| 2018 Q4 | 40 | $126.0M | 63 | ||
| 2018 Q3 | 39 | $140.3M | 33 | ||
| 2018 Q2 | 25 | $128.5M | 17 | ||
| 2018 Q1 | 17 | $115.8M | 21 | ||
| 2017 Q4 | 18 | $108.9M | 21 | ||
| 2017 Q3 | 20 | $108.1M | 4 | ||
| 2017 Q2 | 20 | $105.2M | 10 | ||
| 2017 Q1 | 23 | $108.8M | 24 | ||
| 2016 Q4 | 28 | $115.2M | 51 | ||
| 2016 Q3 | 26 | $114.0M | 30 | ||
| 2016 Q2 | 29 | $113.0M | 23 | ||
| 2016 Q1 | 28 | $101.0M | 37 | ||
| 2015 Q4 | 54 | $109.1M | 0 |
Holding changes this quarter
Tmd & Associates, Inc's most significant position changes for 2019-06-30: New buy: Global X Robotics & Artifici (BOTZ); Sold out: Invesco China Technology ETF (CQQQ); New buy: Ark Innovation ETF (ARKK); Sold out: Pimco Enhanced Short Maturit (MINT); Sold out: Robo Global Robotics And Aut (ROBO).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | JPST | Jpmorgan Ultra-short Income | +0.2% | +8.15% | Add |
| 2 | MTUM | Ishares Msci USA Momentum Fa | +0.2% | +7.91% | Add |
| 3 | NETL | Cltpnt Nt Leas Rl Est-usd In | +0.1% | +3.77% | Add |
| 4 | MSFT | Microsoft CORP | 0% | -2.77% | Trim |
| 5 | KMX | Carmax Inc | 0% | — | Unchanged |
| 6 | SBUX | Starbucks CORP | 0% | +4.49% | Add |
| 7 | PGR | Progressive CORP | 0% | — | Unchanged |
| 8 | V | Visa Inc-class A Shares | 0% | — | Unchanged |
| 9 | YUSD | Alleghany CORP | 0% | — | Unchanged |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | — | — | Unchanged |
| 11 | AAPL | Apple Inc | — | — | Unchanged |
| 12 | BLKCHF | Blackrock Inc | — | — | Unchanged |
| 13 | NSC | Norfolk Southern CORP | — | — | Unchanged |
| 14 | ISREUR | Isoray Inc | — | — | Unchanged |
| 15 | IEF | Ishares 7-10 Year Treasury B | 0% | +2.90% | Add |
| 16 | DLTR | Dollar Tree Inc | 0% | — | Unchanged |
| 17 | CSCO | Cisco Systems Inc | 0% | — | Unchanged |
| 18 | JNJ | Johnson & Johnson | 0% | — | Unchanged |
| 19 | CCL1EUR | Carnival CORP LTD | 0% | +2.16% | Add |
| 20 | ORLY | O'reilly Automotive Inc | 0% | — | Unchanged |
| 21 | VZ | Verizon Communications Inc | 0% | — | Unchanged |
| 22 | MBB | Ishares Mbs ETF | 0% | — | Unchanged |
| 23 | NKE | Nike Inc -cl B | 0% | — | Unchanged |
| 24 | GOOGL | Alphabet Inc-cl A | 0% | -2.29% | Trim |
| 25 | USMV | Ishares Msci USA Min Vol Fac | 0% | +0.74% | Add |
| 26 | QUS | Ss Spdr Msci U Stratfact ETF | 0% | -15.98% | Trim |
| 27 | BTALUSD | Agfiq US Market Neutral Anti | -0.1% | +3.86% | Add |
| 28 | DWM | Wisdomtree International Equ | -0.1% | +2.34% | Add |
| 29 | GOOG | Alphabet Inc-cl C | -0.1% | — | Unchanged |
| 30 | SCHM | Schwab US Mid Cap ETF | -0.1% | -1.94% | Trim |
| 31 | SDY | Ss Spdr S&p Dividend ETF | -0.1% | +3.09% | Add |
| 32 | ACWV | Ishares Msci Global Min Vol | -0.1% | -1.35% | Trim |
| 33 | VUG | Vanguard Growth ETF | -0.1% | -2.68% | Trim |
| 34 | FNDF | Schwab Fndmn Intl Lrg Co ETF | -0.1% | -6.47% | Trim |
| 35 | DON | Wisdomtree US Midcap Dividen | -0.2% | +0.22% | Add |
| 36 | EZM | Wisdomtree US Midcap Fund | -0.2% | -1.12% | Trim |
| 37 | SLY | Spdr S&p 600 Small Cap ETF | -0.3% | -1.21% | Trim |
| 38 | QUAL | Ishares Msci USA Quality Fac | -0.3% | -1.68% | Trim |
| 39 | TOTL | Ss Doubleline Tr Tact ETF | -0.4% | +0.77% | Add |
| 40 | PHDG | Invesco S&p 500 Downside Hed | -0.8% | -1.16% | Trim |
| 41 | BOTZ | Global X Robotics & Artifici | — | NEW | New buy |
| 42 | CQQQ | Invesco China Technology ETF | — | EXIT | Sold out |
| 43 | ARKK | Ark Innovation ETF | — | NEW | New buy |
| 44 | MINT | Pimco Enhanced Short Maturit | — | EXIT | Sold out |
| 45 | ROBO | Robo Global Robotics And Aut | — | EXIT | Sold out |
| 46 | WFC | Wells Fargo & Co | — | NEW | New buy |
| 47 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | NEW | New buy |
| 48 | DE | Deere & Co | — | NEW | New buy |
Filing History
FAQ
What is Tmd & Associates, Inc and what type of investor is it?
Tmd & Associates, 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 (2019-06-30), the firm manages a tracked equity portfolio valued at approximately $146.4M, spread across 45 disclosed positions.
What are Tmd & Associates, Inc's largest equity positions?
Based on the latest 13F filing, Tmd & Associates, Inc's top holdings by market value are:
1. Jpmorgan Ultra-short Income (JPST) — $17.5M (11.9%)
2. Invesco S&p 500 Downside Hed (PHDG) — $17.3M (11.8%)
3. Ss Doubleline Tr Tact ETF (TOTL) — $14.3M (9.8%)
4. Ishares 7-10 Year Treasury B (IEF) — $9.2M (6.3%)
5. Agfiq US Market Neutral Anti (BTALUSD) — $9.1M (6.2%)
What changes did Tmd & Associates, Inc make in its most recent portfolio filing?
In the latest reported quarter, Tmd & Associates, Inc made 31 notable position adjustments: 5 new positions were initiated, 12 existing holdings were added to, 11 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Global X Robotics & Artifici (BOTZ); Sold out: Invesco China Technology ETF (CQQQ); New buy: Ark Innovation ETF (ARKK); Sold out: Pimco Enhanced Short Maturit (MINT); Sold out: Robo Global Robotics And Aut (ROBO)
What sectors does Tmd & Associates, Inc focus on?
Tmd & Associates, Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 35.6%
• Financials: 26.1%
• Communication Services: 15.4%
• Consumer Discretionary: 14.2%
• Health Care: 5.5%
• Industrials: 3.2%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Tmd & Associates, Inc's portfolio is broadly diversified and long-term-holding, with 35.6% of the portfolio concentrated in Information Technology.
Its concentration score has fallen from 42 to 26 over the past 4 quarters — a shift toward broader diversification.
It has added to its JPST position over the past two quarters (+$5.7M, now $17.5M), while trimming QUS over the same stretch (-$702.0K, still holding $211.0K).
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