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United Income, Inc. Historical SEC 13F Holdings & Archive (Q3 2019)
United Income, Inc.CIK: 0001679524
Diversified strategyMomentum followerLong-term holder
Total reported value
$429.8M
Reporting period: 2019-09-30 · Number of holdings: 198
United Income, Inc. disclosed 198 holdings in its latest 13F filing for the period ending 2019-09-30, with total reported value of $429.8M and a quarterly turnover rate of 11.0%.
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Personality snowflake
- Concentration
- 12.07
- Portfolio Stability
- 11.03
- Momentum
- 100
- Sector conviction
- 44.83
- Diversification
- 100
- Sizing Uniformity
- 77.63
United Income, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.030 — mathematically equivalent to about 33 equally-sized positions, well below its 198 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 2.24), 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 11% 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 IEFA
-1.5% -$802.0K
Trim SPY
-2.3% -$417.0K
Trim BND
-4.1% -$527.0K
Trim IEMG
-1.9% -$743.0K
Add BNDX
+10.1% $2.3M
Trim XLE
-46.6% -$968.0K
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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 9.30% | -0.62% | -2.30% | |
| 2 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 8.95% | -0.69% | -1.49% | |
| 3 | BND | Vanguard Total Bond Market | ETF-Other | 4.73% | -0.39% | -4.14% | |
| 4 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 4.63% | +0.30% | +10.13% | |
| 5 | GSIE | Goldman Sachs Activebeta Int | ETF-Commodities | 4.54% | -0.09% | +5.17% | |
| 6 | VTIP | Vanguard Short-term Tips | ETF-Other | 2.82% | +0.19% | +13.98% | |
| 7 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 2.51% | -0.32% | -1.91% | |
| 8 | EMB | Ishares Jp Morgan Usd Emergi | ETF-Other | 2.35% | +0.01% | +6.33% | |
| 9 | FNDC | Schwab Fndmnt Intl Sm Eq ETF | ETF-Other | 2.27% | — | +7.37% | |
| 10 | XLK | Ss Technology Select Sector | ETF-Tech | 1.92% | — | -3.80% | |
| 11 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 1.88% | +0.13% | +11.53% | |
| 12 | MTUM | Ishares Msci USA Momentum Fa | ETF-Other | 1.81% | +0.12% | +12.49% | |
| 13 | VGSH | Vanguard Short-term Treasury | ETF-Gov Bonds | 1.54% | — | +0.02% | |
| 14 | VLUE | Ishares Msci USA Value Facto | ETF-Other | 1.46% | — | +4.88% | |
| 15 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 1.42% | +0.07% | +10.41% | |
| 16 | GEM | Goldman Sachs Activebeta Em | ETF-Commodities | 1.41% | — | +6.29% | |
| 17 | FNDA | Schwab Fndmntl US Sm Co ETF | ETF-Other | 1.36% | — | +5.11% | |
| 18 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 1.29% | +0.16% | +15.89% | |
| 19 | XLV | Ss Health Care Select Sector | ETF-Other | 1.28% | -0.17% | -4.56% | |
| 20 | SCHX | Schwab US Large-cap ETF | ETF-Other | 1.17% | -0.25% | -13.32% | |
| 21 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 1.16% | — | -1.88% | |
| 22 | XLF | Ss Financial Select Sector | ETF-Other | 1.15% | — | -0.54% | |
| 23 | VGIT | Vanguard Intermediate-term T | ETF-Other | 1.12% | +0.10% | +15.03% | |
| 24 | FLRN | Ss Spdr Bb Ig Float Rt ETF | ETF-Other | 1.05% | +0.16% | +24.55% | |
| 25 | PFF | Ishares Preferred & Income S | ETF-Other | 1.03% | — | -0.70% | |
| 26 | XSLV | Invesco S&p Smallcap Low Vol | ETF-Other | 0.97% | +0.09% | +14.60% | |
| 27 | MUB | Ishares National Muni Bond E | ETF-Other | 0.96% | +0.08% | +14.32% | |
| 28 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 0.91% | — | -3.88% | |
| 29 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 0.84% | — | -4.39% | |
| 30 | XLI | Ss Industrial Select Sector | ETF-Other | 0.76% | — | -3.46% | |
| 31 | DGS | Wisdomtree Em Small Cap | ETF-Small Cap | 0.72% | — | +5.27% | |
| 32 | CSCO | Cisco Systems Inc | Stock-Tech | 0.69% | -0.13% | -1.30% | |
| 33 | BKLN | Invesco Senior Loan ETF | ETF-Other | 0.69% | — | -1.29% | |
| 34 | DHR | Danaher CORP | Stock-Healthcare | 0.66% | — | -0.25% | |
| 35 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 0.66% | — | -3.80% | |
| 36 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.63% | — | +1.29% | |
| 37 | IBDQ | Ishares Ibonds Dec 2025 Term | ETF-Other | 0.63% | — | -0.80% | |
| 38 | SHM | Ss Spdr N Ice St Muni ETF | ETF-Other | 0.62% | — | -2.43% | |
| 39 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.62% | — | -0.10% | |
| 40 | IGM | Ishares Expanded Tech Sector | ETF-Tech | 0.61% | — | +0.96% | |
| 41 | ARLP | Alliance Resource Partners | Stock-Other | 0.61% | +0.61% | NEW | |
| 42 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.54% | — | — | |
| 43 | GSY | Invesco Ultra Short Duration | ETF-Other | 0.54% | +0.14% | +42.15% | |
| 44 | CWB | Ss Spdr Bb Conv Sec ETF | ETF-Other | 0.50% | — | -3.92% | |
| 45 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.49% | — | -1.75% | |
| 46 | EPD | Enterprise Products Partners | Stock-Energy | 0.48% | — | -1.48% | |
| 47 | XOM | Exxon Mobil CORP | Stock-Energy | 0.47% | — | +6.19% | |
| 48 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.45% | — | -0.94% | |
| 49 | BOND | Pimco Active Bond Exchange-t | ETF-Other | 0.42% | +0.42% | NEW | |
| 50 | PNQI | Invesco Nasdaq Internet ETF | ETF-Tech | 0.41% | — | -4.64% |
1–50 of 198
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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.
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
United Income, Inc.'s most significant position changes for 2019-09-30: New buy: Alliance Resource Partners (ARLP); New buy: Pimco Active Bond Exchange-t (BOND); New buy: Vanguard Tax-exempt Bond ETF (VTEB); New buy: Ishares International Equity (INTF); New buy: Ishares Msci Eafe Min Vol Fa (EFAV).
Filing History
FAQ
What is United Income, Inc. and what type of investor is it?
United Income, 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 (2019-09-30), the firm manages a tracked equity portfolio valued at approximately $429.8M, spread across 198 disclosed positions.
What are United Income, Inc.'s largest equity positions?
Based on the latest 13F filing, United Income, Inc.'s top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $40.0M (9.3%)
2. Ishares Core Msci Eafe ETF (IEFA) — $38.5M (8.9%)
3. Vanguard Total Bond Market (BND) — $20.3M (4.7%)
4. Vanguard Total Intl Bond ETF (BNDX) — $19.9M (4.6%)
5. Goldman Sachs Activebeta Int (GSIE) — $19.5M (4.5%)
What changes did United Income, Inc. make in its most recent portfolio filing?
In the latest reported quarter, United Income, Inc. made 50 notable position adjustments: 23 new positions were initiated, 17 existing holdings were added to, 9 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Alliance Resource Partners (ARLP); New buy: Pimco Active Bond Exchange-t (BOND); New buy: Vanguard Tax-exempt Bond ETF (VTEB); New buy: Ishares International Equity (INTF); New buy: Ishares Msci Eafe Min Vol Fa (EFAV)
What sectors does United Income, Inc. focus on?
United Income, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 23.3%
• Information Technology: 19.5%
• Financials: 12.2%
• Consumer Discretionary: 11.9%
• Communication Services: 10.3%
• Consumer Staples: 8.6%
Investment Profile
United Income, Inc.'s portfolio is broadly diversified and long-term-holding.
It has added to its GSIE position over the past two quarters (+$4.8M, now $19.5M), while trimming ENB over the same stretch (-$411.0K, still holding $299.0K).
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Developer Access
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