Bach Option Ltd

Sector-focusedMomentum followerConcentrated strategy

Total reported value

$236.3M

Reporting period: 2019-12-31 · Number of holdings: 60

Bach Option Ltd disclosed 60 holdings in its latest 13F filing for the period ending 2019-12-31, with total reported value of $236.3M and a quarterly turnover rate of 27.8%.

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Personality snowflake

Concentration: 80.43
Portfolio Stability: 27.79
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 72
Sizing Uniformity: 74.67

Recent moves

Trim HYG
-65.4%　-$4.5M
Add IWM
+58.3%　$3.7M
Add AAPL
+29.2%　$3.0M
Add SPY
-9.8%　-$2.2M
Trim GDX
-43.8%　-$1.2M
Add ADBE
+10.0%　$865.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 36 holdings (of 60 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	40.05%	+1.22%	-9.81%
2	GLD	Spdr Gold Shares	ETF-Commodities	15.82%	+0.02%	-7.83%
3	TLT	Ishares 20+ Year Treasury Bd	ETF-Gov Bonds	9.26%	—	+5.74%
4	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	3.70%	+1.68%	+58.26%
5	SLV	Ishares Silver Trust	ETF-Commodities	3.40%	-0.33%	-17.66%
6	✓		Stock-Other	3.06%	+3.06%	NEW
7	AAPL	Apple INC	Stock-Tech	3.05%	+1.34%	+29.18%
8	EEM	Ishares Msci Emerging Market	ETF-Emerging Markets	2.71%	+0.06%	-11.76%
9	MSFT	Microsoft CORP	Stock-Tech	2.00%	-0.37%	-29.41%
10	FXI	Ishares China Large-cap ETF	ETF-Emerging Markets	1.71%	+0.39%	+11.89%
11	ADBE	Adobe INC	Stock-Tech	1.54%	+0.43%	+10.00%
12	CRM	Salesforce INC	Stock-Tech	1.47%	+0.20%	+0.18%
13	IEF	Ishares 7-10 Year Treasury B	ETF-Gov Bonds	1.13%	+0.04%	—
14	EFA	Ishares Msci Eafe ETF	ETF-Other	1.12%	+1.12%	NEW
15	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	1.02%	-1.73%	-65.36%
16	GDXJ	Vaneck Junior Gold Miners	ETF-Commodities	0.85%	+0.16%	—
17	GDX	Vaneck Gold Miners ETF	ETF-Commodities	0.84%	-0.44%	-43.75%
18	BAC	Bank Of America CORP	Stock-Financials	0.72%	+0.14%	-4.00%
19	PRU	Prudential Financial INC	Stock-Financials	0.70%	+0.19%	+25.53%
20	MS	Morgan Stanley	Stock-Financials	0.63%	+0.27%	+37.74%
21	SU	Suncor Energy INC	Stock-Energy	0.51%	+0.51%	NEW
22	XLE	Ss Energy Select Sector	ETF-Other	0.51%	+0.51%	NEW
23	NEM	Newmont CORP	Stock-Materials	0.47%	+0.08%	—
24	LUV	Southwest Airlines Co	Stock-Industrials	0.47%	+0.47%	NEW
25	XOM	Exxon Mobil CORP	Stock-Energy	0.44%	+0.44%	NEW
26	NUE	Nucor CORP	Stock-Materials	0.37%	+0.08%	+10.71%
27	UNH	Unitedhealth Group INC	Stock-Healthcare	0.37%	+0.37%	NEW
28	BMY	Bristol-myers Squibb Co	Stock-Healthcare	0.35%	+0.14%	+23.81%
29	COP	Conocophillips	Stock-Energy	0.32%	-0.09%	-35.00%
30	FAST	Fastenal Co	Stock-Industrials	0.31%	+0.05%	—
31	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	0.27%	+0.27%	NEW
32	WY	Weyerhaeuser Co	Stock-Real Estate	0.26%	—	—
33	BIDU	Baidu INC - Spon Adr	Stock-Comm Services	0.20%	+0.05%	+0.41%
34	GM	General Motors Co	Stock-Consumer Disc	0.17%	-0.22%	-57.69%
35	OSVEUR	Vaneck Vectors Oil Services	ETF-Other	0.13%	+0.13%	NEW
36	LNC	Lincoln National CORP	Stock-Financials	0.09%	-0.25%	-74.48%

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2019-12-31	60	$236.3M	28	1SPY 2GLD 3TLT Top holdings2019-12-31 1.SPY 2.GLD 3.TLT 4.IWM 5.SLV 6.46090E 7.AAPL 8.EEM 9.MSFT 10.FXI
2019-09-30	67	$249.5M	53	1SPY 2GLD 3TLT Top holdings2019-09-30 1.SPY 2.GLD 3.TLT 4.QQQ 5.SLV 6.HYG 7.EEM 8.MSFT 9.IWM 10.AAPL
2019-06-30	78	$319.2M	62	1SPY 2GLD 3TLT Top holdings2019-06-30 1.SPY 2.GLD 3.TLT 4.HYG 5.EEM 6.QQQ 7.MSFT 8.EFA 9.NFLX 10.AAPL
2019-03-31	86	$236.5M	63	1SPY 2IWM 3HYG Top holdings2019-03-31 1.SPY 2.IWM 3.HYG 4.TLT 5.GLD 6.QQQ 7.EFA 8.EEM 9.AAPL 10.VXX
2018-12-31	152	$380.0M	49	1SPY 2IWM 3TLT Top holdings2018-12-31 1.SPY 2.IWM 3.TLT 4.EFA 5.06746L 6.EEM 7.AMZN 8.QQQ 9.HYG 10.GLD
2018-09-30	113	$311.4M	45	1SPY 2IWM 3QQQ Top holdings2018-09-30 1.SPY 2.IWM 3.QQQ 4.EEM 5.TLT 6.EFA 7.GLD 8.AMZN 9.HYG 10.BABA
2018-06-30	97	$210.7M	64	1SPY 2QQQ 3HYG Top holdings2018-06-30 1.SPY 2.QQQ 3.HYG 4.TLT 5.GLD 6.EEM 7.06746L 8.IWM 9.ETN 10.C
2018-03-31	65	$178.7M	72	1SPY 2TLT373935A Top holdings2018-03-31 1.SPY 2.TLT 3.73935A 4.GLD 5.NFLX 6.AAPL 7.06746L 8.HYG 9.IWM 10.EOG
2017-12-31	90	$146.8M	40	1SPY273935A3TLT Top holdings2017-12-31 1.SPY 2.73935A 3.TLT 4.GLD 5.AAPL 6.IWM 7.CVX 8.BABA 9.LYB 10.EEM
2017-09-30	101	$140.9M	57	1SPY 2IWM373935A Top holdings2017-09-30 1.SPY 2.IWM 3.73935A 4.TLT 5.AAPL 6.GLD 7.BABA 8.EEM 9.C 10.MSFT
2017-06-30	69	$106.3M	59	1SPY273935A3IWM Top holdings2017-06-30 1.SPY 2.73935A 3.IWM 4.TLT 5.ULTA 6.GLD 7.C 8.XLF 9.MSFT 10.PRU
2017-03-31	101	$132.2M	70	1SPY 2TLT 3IWM Top holdings2017-03-31 1.SPY 2.TLT 3.IWM 4.GLD 5.ULTA 6.C 7.DIS 8.73935A 9.BABA 10.CVX
2016-12-31	165	$220.9M	49	1SPY 2GLD 3IWM Top holdings2016-12-31 1.SPY 2.GLD 3.IWM 4.TLT 5.MET 6.JPM 7.IP 8.CVX 9.AAPL 10.BA
2016-09-30	149	$215.2M	62	1SPY 2IWM 3TLT Top holdings2016-09-30 1.SPY 2.IWM 3.TLT 4.GLD 5.AAPL 6.DIS 7.BABA 8.SBUX 9.TXN 10.AMGN
2016-06-30	161	$247.1M	52	1SPY 2IWM 3GLD Top holdings2016-06-30 1.SPY 2.IWM 3.GLD 4.AAPL 5.73935A 6.TXN 7.SBUX 8.MA 9.TLT 10.VXX
2016-03-31	121	$166.8M	67	1SPY 2IWM 3TLT Top holdings2016-03-31 1.SPY 2.IWM 3.TLT 4.GILD 5.73935A 6.VXX 7.AAPL 8.GLD 9.MET 10.HON
2015-12-31	70	$104.2M	0	1SPY273935A3IWM Top holdings2015-12-31 1.SPY 2.73935A 3.IWM 4.MSFT 5.C 6.TLT 7.MRK 8.VXX 9.NKE 10.AAPL

Holding changes this quarter

Bach Option Ltd's most significant position changes for 2019-12-31: Sold out: Invesco Qqq Trust Series 1 (QQQ); New buy: ; Sold out: Netflix INC (NFLX); New buy: Ishares Msci Eafe ETF (EFA); Sold out: Ppg Industries INC (PPG).

Position changes disclosed by Bach Option Ltd for the quarter ending 2019-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	IWM	Ishares Russell 2000 ETF	+1.7%	+58.26%	Add
2	AAPL	Apple INC	+1.3%	+29.18%	Add
3	SPY	Ss Spdr S&p 500 ETF Trust-us	+1.2%	-9.81%	Trim
4	ADBE	Adobe INC	+0.4%	+10.00%	Add
5	FXI	Ishares China Large-cap ETF	+0.4%	+11.89%	Add
6	MS	Morgan Stanley	+0.3%	+37.74%	Add
7	CRM	Salesforce INC	+0.2%	+0.18%	Add
8	PRU	Prudential Financial INC	+0.2%	+25.53%	Add
9	GDXJ	Vaneck Junior Gold Miners	+0.2%	—	Unchanged
10	BMY	Bristol-myers Squibb Co	+0.1%	+23.81%	Add
11	BAC	Bank Of America CORP	+0.1%	-4.00%	Trim
12	NUE	Nucor CORP	+0.1%	+10.71%	Add
13	NEM	Newmont CORP	+0.1%	—	Unchanged
14	EEM	Ishares Msci Emerging Market	+0.1%	-11.76%	Trim
15	BIDU	Baidu INC - Spon Adr	+0.1%	+0.41%	Add
16	FAST	Fastenal Co	+0.1%	—	Unchanged
17	IEF	Ishares 7-10 Year Treasury B	0%	—	Unchanged
18	GLD	Spdr Gold Shares	0%	-7.83%	Trim
19	COP	Conocophillips	-0.1%	-35.00%	Trim
20	GM	General Motors Co	-0.2%	-57.69%	Trim
21	LNC	Lincoln National CORP	-0.3%	-74.48%	Trim
22	SLV	Ishares Silver Trust	-0.3%	-17.66%	Trim
23	MSFT	Microsoft CORP	-0.4%	-29.41%	Trim
24	GDX	Vaneck Gold Miners ETF	-0.4%	-43.75%	Trim
25	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	-1.7%	-65.36%	Trim
26	QQQ	Invesco Qqq Trust Series 1	—	EXIT	Sold out
27	✓		—	NEW	New buy
28	NFLX	Netflix INC	—	EXIT	Sold out
29	EFA	Ishares Msci Eafe ETF	—	NEW	New buy
30	PPG	Ppg Industries INC	—	EXIT	Sold out
31	IRM	Iron Mountain INC	—	EXIT	Sold out
32	SMH	Vaneck Semiconductor ETF	—	EXIT	Sold out
33	SU	Suncor Energy INC	—	NEW	New buy
34	XLE	Ss Energy Select Sector	—	NEW	New buy
35	XLV	Ss Health Care Select Sector	—	EXIT	Sold out
36	LUV	Southwest Airlines Co	—	NEW	New buy
37	XOM	Exxon Mobil CORP	—	NEW	New buy
38	MRK	Merck & Co. INC.	—	EXIT	Sold out
39	UNH	Unitedhealth Group INC	—	NEW	New buy
40	ABBV	Abbvie INC	—	EXIT	Sold out
41	TSM	Taiwan Semiconductor-sp Adr	—	NEW	New buy
42	AMZN	Amazon.com INC	—	EXIT	Sold out
43	CMCSA	Comcast Corp-class A	—	EXIT	Sold out
44	MU	Micron Technology INC	—	EXIT	Sold out
45	BABA	Alibaba Group Holding-sp Adr	—	EXIT	Sold out
46	OSVEUR	Vaneck Vectors Oil Services	—	NEW	New buy
47	BEN	Franklin Resources INC	—	EXIT	Sold out
48	IBB	Ishares Biotechnology ETF	—	EXIT	Sold out
49	CAT	Caterpillar INC	—	EXIT	Sold out
50	HUM	Humana INC	—	EXIT	Sold out

FAQ

What is Bach Option Ltd and what type of investor is it?

Bach Option Ltd 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 (2019-12-31), the firm manages a tracked equity portfolio valued at approximately $236.3M, spread across 60 disclosed positions.

What are Bach Option Ltd's largest equity positions?

Based on the latest 13F filing, Bach Option Ltd's top holdings by market value are: 1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $94.6M (40.0%) 2. Spdr Gold Shares (GLD) — $37.4M (15.8%) 3. Ishares 20+ Year Treasury Bd (TLT) — $21.9M (9.3%) 4. Ishares Russell 2000 ETF (IWM) — $8.8M (3.7%) 5. Ishares Silver Trust (SLV) — $8.0M (3.4%)

What changes did Bach Option Ltd make in its most recent portfolio filing?

In the latest reported quarter, Bach Option Ltd made 46 notable position adjustments: 9 new positions were initiated, 10 existing holdings were added to, 11 positions were partially reduced, and 16 were completely exited. The largest of these moves: Sold out: Invesco Qqq Trust Series 1 (QQQ); New buy: ; Sold out: Netflix INC (NFLX); New buy: Ishares Msci Eafe ETF (EFA); Sold out: Ppg Industries INC (PPG)

What sectors does Bach Option Ltd focus on?

Bach Option Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 67.7% • Financials: 10.9% • Energy: 10.4% • Health Care: 5.9% • Industrials: 3.8% • Consumer Discretionary: 1.4%