IU

Itau USA Asset Management Inc.

Momentum followerQuality / disciplined sizing

Total reported value

$409.9M

Reporting period: 2016-03-31 · Number of holdings: 37

Itau USA Asset Management Inc. disclosed 37 holdings in its latest 13F filing for the period ending 2016-03-31, with total reported value of $409.9M and a quarterly turnover rate of 40.4%.

Personality snowflake

Concentration
36.55
Portfolio Stability
40.42
Momentum/Contrarian
100
Sector conviction
0
Diversification
74
Sizing Uniformity
84.36

Recent moves

  • Trim AMXN

    -45.7%　-$7.5M

  • Trim P5Y

    -69.1%　-$7.5M

  • Add BBD

    +14.1%　$12.5M

  • Trim EMBJ

    -79.3%　-$6.3M

  • Trim ACWI

    -12.5%　-$3.2M

  • Trim FMX

    -10.5%　-$1.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth18.47%-0.64%+16.01%
2IEFIshares 7-10 Year Treasury BETF-Gov Bonds15.82%-1.10%+8.30%
3VGKVanguard Ftse Europe ETFETF-Other9.32%-1.24%+9.89%
4ITUBItau Unibanco H-spon Prf AdrStock-Financials7.07%+0.74%+2.33%
5BBDBanco Bradesco-adrStock-Other7.00%+2.20%+14.05%
6TLTIshares 20+ Year Treasury BdETF-Gov Bonds6.17%+6.17%NEW
7FMXFomento Economico Mex-sp AdrStock-Other5.03%-1.49%-10.48%
8IGOVIshares International TreasuETF-Other3.98%+3.98%NEW
9ACWIiShares MSCI ACWI ETFETF-Other3.68%-1.73%-12.53%
10CXCemex Sab-spons Adr Part CerStock-Other3.35%+1.13%+39.63%
11✓ Empresa Nacional De Electric Chile Adr SponsoredStock-Other2.85%-0.69%-13.23%
12AMXNAmerica Movil-spn Adr Cl LStock-Other2.73%-2.79%-45.74%
13ABEVAmbev Sa-adrStock-Consumer Staples2.02%+1.44%+264.33%
14TVGrupo Televisa Sa-spon AdrStock-Other1.97%-0.80%-14.66%
15AVALGrupo Aval Acciones y Valores S.A.Stock-Other1.55%+0.47%+66.93%
16VIV1USDTelefonica Brasil-adr PrefStock-Other1.30%+0.84%+147.08%
17✓ Enel Americas S AStock-Other1.02%-0.05%+0.29%
18✓ Companhia Paranaense Energ CStock-Other0.90%+0.43%+70.14%
19P5YBrf Sa-adrStock-Other0.86%-2.41%-69.11%
20YPFYpf S.a.-sponsored AdrStock-Other0.65%-0.43%-35.90%
21GGALGrupo Financiero Galicia-adrStock-Other0.62%-0.54%-38.66%
22ASRGrupo Aeroportuario Sur-adrStock-Other0.53%+0.53%NEW
23✓ Fibria CeluloseStock-Other0.50%+0.50%NEW
24SQMQuimica Y Minera Chil-sp AdrStock-Other0.48%-0.09%-5.45%
25CPLUSDCpfl Energia Sa-adrStock-Other0.45%+0.45%NEW
26BVNCia De Minas Buenaventur-adrStock-Other0.41%-0.41%-64.99%
27EMBJEmbraer Sa-spon AdrStock-Industrials0.35%-1.95%-79.32%
28✓ Cencosud S AStock-Other0.33%+0.06%+18.49%
29CIBEURBancolombia S.a.-spons AdrStock-Other0.32%-0.11%-28.85%
30LQDIshr Ibx Usd Invgd Cb Etf-uiETF-Corp Bonds0.26%+0.08%+72.61%
31BMABanco Macro Sa-adrStock-Other0.02%+0.02%NEW
32✓ Cementos Pacasmayo S A AStock-Other0.01%+0.01%NEW
33PBR-APetroleo Brasil-sp Pref AdrStock-Other———
34OMABGrupo Aeroportuario Cen-adrStock-Other———
35✓ Companhia Brasileira De DistStock-Other———
36BCHBanco De Chile-adrStock-Other———
37LTM1GBPLatam Airlines Group-sp AdrStock-Other———

Holding changes this quarter

Itau USA Asset Management Inc.'s most significant position changes for 2016-03-31: New buy: Ishares 20+ Year Treasury Bd (TLT); New buy: Ishares International Treasu (IGOV); Sold out: Ishares Msci Emg Mkt Min Vol (EEMV); Sold out: Avianca Hldgs SA; New buy: Grupo Aeroportuario Sur-adr (ASR).

Position changes disclosed by Itau USA Asset Management Inc. for the quarter ending 2016-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1BBDBanco Bradesco-adr+2.2%+14.05%Add
2ABEVAmbev Sa-adr+1.4%+264.33%Add
3CXCemex Sab-spons Adr Part Cer+1.1%+39.63%Add
4VIV1USDTelefonica Brasil-adr Pref+0.8%+147.08%Add
5ITUBItau Unibanco H-spon Prf Adr+0.7%+2.33%Add
6AVALGrupo Aval Acciones y Valores S.A.+0.5%+66.93%Add
7✓ Companhia Paranaense Energ C+0.4%+70.14%Add
8LQDIshr Ibx Usd Invgd Cb Etf-ui+0.1%+72.61%Add
9✓ Cencosud S A+0.1%+18.49%Add
10LTM1GBPLatam Airlines Group-sp Adr——Unchanged
11OMABGrupo Aeroportuario Cen-adr——Unchanged
12BCHBanco De Chile-adr——Unchanged
13✓ Companhia Brasileira De Dist——Unchanged
14PBR-APetroleo Brasil-sp Pref Adr——Unchanged
15✓ Enel Americas S A-0.1%+0.29%Add
16SQMQuimica Y Minera Chil-sp Adr-0.1%-5.45%Trim
17CIBEURBancolombia S.a.-spons Adr-0.1%-28.85%Trim
18BVNCia De Minas Buenaventur-adr-0.4%-64.99%Trim
19YPFYpf S.a.-sponsored Adr-0.4%-35.90%Trim
20GGALGrupo Financiero Galicia-adr-0.5%-38.66%Trim
21SPYSs Spdr S&p 500 ETF Trust-us-0.6%+16.01%Add
22✓ Empresa Nacional De Electric Chile Adr Sponsored-0.7%-13.23%Trim
23TVGrupo Televisa Sa-spon Adr-0.8%-14.66%Trim
24IEFIshares 7-10 Year Treasury B-1.1%+8.30%Add
25VGKVanguard Ftse Europe ETF-1.2%+9.89%Add
26FMXFomento Economico Mex-sp Adr-1.5%-10.48%Trim
27ACWIiShares MSCI ACWI ETF-1.7%-12.53%Trim
28EMBJEmbraer Sa-spon Adr-2%-79.32%Trim
29P5YBrf Sa-adr-2.4%-69.11%Trim
30AMXNAmerica Movil-spn Adr Cl L-2.8%-45.74%Trim
31TLTIshares 20+ Year Treasury Bd—NEWNew buy
32IGOVIshares International Treasu—NEWNew buy
33EEMVIshares Msci Emg Mkt Min Vol—EXITSold out
34✓ Avianca Hldgs SA—EXITSold out
35ASRGrupo Aeroportuario Sur-adr—NEWNew buy
36✓ Fibria Celulose—NEWNew buy
37CPLUSDCpfl Energia Sa-adr—NEWNew buy
38VALEVale Sa-sp Adr—EXITSold out
39VALEVale S.A.—EXITSold out
40BMABanco Macro Sa-adr—NEWNew buy
41✓ Cementos Pacasmayo S A A—NEWNew buy

FAQ

What is Itau USA Asset Management Inc. and what type of investor is it?
Itau USA Asset Management Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2016-03-31), the firm manages a tracked equity portfolio valued at approximately $409.9M, spread across 37 disclosed positions.
What are Itau USA Asset Management Inc.'s largest equity positions?
Based on the latest 13F filing, Itau USA Asset Management Inc.'s top holdings by market value are: 1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $75.7M (18.5%) 2. Ishares 7-10 Year Treasury B (IEF) — $64.9M (15.8%) 3. Vanguard Ftse Europe ETF (VGK) — $38.2M (9.3%) 4. Itau Unibanco H-spon Prf Adr (ITUB) — $29.0M (7.1%) 5. Banco Bradesco-adr (BBD) — $28.7M (7.0%)
What changes did Itau USA Asset Management Inc. make in its most recent portfolio filing?
In the latest reported quarter, Itau USA Asset Management Inc. made 36 notable position adjustments: 7 new positions were initiated, 13 existing holdings were added to, 12 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Ishares 20+ Year Treasury Bd (TLT); New buy: Ishares International Treasu (IGOV); Sold out: Ishares Msci Emg Mkt Min Vol (EEMV); Sold out: Avianca Hldgs SA; New buy: Grupo Aeroportuario Sur-adr (ASR)
What sectors does Itau USA Asset Management Inc. focus on?
Itau USA Asset Management Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 74.9% • Consumer Staples: 21.4% • Industrials: 3.7%