Managers / Q3 2021 · view latest →
LEO BROKERAGE, LLC
CIK 0001146089 · 860 AIRPORT FREEWAY, SUITE 402, HURST, TX, 76054 · 817-354-1090
Summary
Leo Brokerage, LLC reported $540M in U.S.-listed holdings across 184 positions for Q3 2021.
The portfolio is heavily concentrated: AFRM alone accounts for 21.3% of reported value.
Compared with Q2 2021, the fund opened 11 new positions and exited 15.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 59.0% · $318M
- Common Stock · 38.2% · $207M
- Closed-End Fund · 1.8% · $10M
- Other · 0.5% · $3M
- ADR · 0.5% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| WISDOMTREE TR | NEW | +44.3K | 44.3K | +$2M | $2M |
| LUMINAR TECHNOLOGIES INC | NEW | +91.6K | 91.6K | +$1M | $1M |
| SCHWAB STRATEGIC TR | NEW | +8.5K | 8.5K | +$328,000 | $328,000 |
| J P MORGAN EXCHANGE-TRADED F | NEW | +4.3K | 4.3K | +$235,000 | $235,000 |
| WFCWELLS FARGO CO NEW | NEW | +4.9K | 4.9K | +$228,000 | $228,000 |
| NUVEEN AMT FREE MUN CR INC F | NEW | +12.9K | 12.9K | +$221,000 | $221,000 |
| VANGUARD INTL EQUITY INDEX F | NEW | +4.2K | 4.2K | +$210,000 | $210,000 |
| VANGUARD TAX-MANAGED INTL FD | NEW | +4.1K | 4.1K | +$207,000 | $207,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AFRMAFFIRM HLDGS INChistory → | COM CL A | 21.28% | $115M | 965.0K |
| 2 | ISHARES TR | CORE DIV GRWTH · MRGSTR MD CP GRW · MSCI INTL QUALTY · TIPS BD ETF · IBOXX INV CP ETF · CORE INTL AGGR · GLOBAL REIT ETF · GLOBAL FINLS ETF · MSCI INTL MOMENT · S&P 500 VAL ETF · MSCI INTL VLU FT · ISHARES BIOTECH · GL CLEAN ENE ETF · MSCI USA MMENTM · MSCI USA VALUE | 17.40% | $94M | 1.73M |
| 3 | VANGUARD WORLD FD | ESG US STK ETF · ESG INTL STK ETF · MEGA CAP INDEX | 15.09% | $82M | 1.06M |
| 4 | SCHWAB STRATEGIC TR | US DIVIDEND EQ · US LCAP GR ETF · US BRD MKT ETF | 8.38% | $45M | 460.6K |
| 5 | AMZNAMAZON COM INChistory → | COM | 3.59% | $19M | 5.9K |
| 6 | AAPLAPPLE INChistory → | COM | 2.91% | $16M | 111.2K |
| 7 | VUGVANGUARD INDEX FDShistory → | GROWTH ETF | 2.41% | $13M | 44.8K |
| 8 | WISDOMTREE TR | ENHANCED CMDTY · CHINADIV EX FI · US MIDCAP DIVID | 1.64% | $9M | 303.2K |
| 9 | SSGA ACTIVE ETF TR | BLACKSTONE SENR | 1.33% | $7M | 156.5K |
| 10 | J P MORGAN EXCHANGE-TRADED F | ULTRA SHRT INC | 1.30% | $7M | 138.9K |
| 11 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 1.17% | $6M | 41.1K |
| 12 | MSFTMICROSOFT CORPhistory → | COM | 1.14% | $6M | 21.8K |
| 13 | ISHARES INC | JP MORGAN EM ETF · JP MRG EM CRP BD | 1.11% | $6M | 128.7K |
| 14 | PROSHARES TR | S&P MDCP 400 DIV | 1.00% | $5M | 80.1K |
| 15 | ISHARES U S ETF TR | INT RT HDG C B | 0.84% | $5M | 47.2K |
| 16 | SELECT SECTOR SPDR TR | TECHNOLOGY | 0.81% | $4M | 29.3K |
| 17 | EMREMERSON ELEC CO | COM | 0.80% | $4M | 45.7K |
| 18 | INVESCO EXCHANGE TRADED FD T | S&P 500 TOP 50 | 0.77% | $4M | 12.6K |
| 19 | FIDELITY COVINGTON TRUST | MSCI HLTH CARE I | 0.76% | $4M | 64.4K |
| 20 | SICPSILVERGATE CAP CORP | CL A | 0.48% | $3M | 22.6K |
| 21 | BABAALIBABA GROUP HLDG LTD | SPONSORED ADS | 0.45% | $2M | 16.5K |
| 22 | EATON VANCE MUN BD FD | COM | 0.40% | $2M | 160.1K |
| 23 | WMTWALMART INC | COM | 0.38% | $2M | 14.8K |
| 24 | HDHOME DEPOT INC | COM | 0.36% | $2M | 6.0K |
| 25 | COSTCOSTCO WHSL CORP NEW | COM | 0.35% | $2M | 4.2K |
| 26 | PUTNAM MUN OPPORTUNITIES TR | SH BEN INT | 0.30% | $2M | 119.9K |
| 27 | NADNUVEEN QUALITY MUNCP INCOME | COM | 0.30% | $2M | 102.7K |
| 28 | BLACKROCK MUNIYILD QULT FD I | COM | 0.29% | $2M | 96.5K |
| 29 | GOOGLALPHABET INC | CAP STK CL A | 0.27% | $1M | 539 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2023 | $876M | 313 | Jul 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $670M | 298 | May 2, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $371M | 174 | Jul 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $628M | 244 | May 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $540M | 184 | Oct 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $498M | 188 | Aug 4, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $353M | 179 | Apr 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $310M | 173 | Feb 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $242M | 124 | Nov 6, 2020 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.