Managers / Q4 2020 · view latest →
Friedenthal Financial
CIK 0001598611 · 5000 SAGEMORE DRIVE, SUITE 102, MARLTON, NJ, 08053 · 856-210-6494
Reported Value
$134M
Q4 2020
Positions
50
Filings on Record
31
2019–present window
Filed
Feb 4, 2021
original filing
Summary
Friedenthal Financial reported $134M in U.S.-listed holdings across 50 positions for Q4 2020.
Its largest position, Schwab Strategic Tr, represents 7.3% of the portfolio.
Compared with Q3 2020, the fund opened 9 new positions and exited 10.
Portfolio Metrics
Turnover
+27.3%
vs prior filed quarter
Top-10 Concentration
+48.0%
share of reported value
Largest Position
+7.3%
Schwab Strategic Tr
New / Exited
9 / 10
positions this quarter
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
13F Reported Value
Portfolio Composition
By security type
- ETP · 97.5% · $131M
- Other · 2.5% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SELECT SECTOR SPDR TR | NEW | +68.2K | 68.2K | +$6M | $6M |
| XTRACKER | NEW | +146.2K | 146.2K | +$6M | $6M |
| SELECT SECTOR SPDR TR | NEW | +35.1K | 35.1K | +$6M | $6M |
| ISHARES TR | NEW | +41.1K | 41.1K | +$5M | $5M |
| ISHARES TR | NEW | +81.7K | 81.7K | +$5M | $5M |
| XLUSELECT SECTOR SPDR TR | NEW | +76.1K | 76.1K | +$5M | $5M |
| INVESCO EXCHANGE TRADED FD TR | NEW | +6.0K | 6.0K | +$766,000 | $766,000 |
| ISHARES TR | NEW | +2.1K | 2.1K | +$418,000 | $418,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2020
12 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SLVISHARES TR | iShares U.S. Total Stock Market - ETF · iShares US Home Construction - ETF · iShares Silver Trust - ETF · iShares MSCI Emerg. Mkts Min. Volatility - ETF · IShares Barclays TIPS - ETF · iShares Barclays Intermediate Credit - ETF · iShares MSCI EAFE Min. Volatility - ETF · iShares Int'l Aggregate Bond - ETF · iShares MSCI USA Min. Volatility - ETF · iShares Barclays MBS - ETF · iShares Barclays Aggregate Bond Fund - ETF · iShares Russell 2000 - ETF · iShares MSCI ACWI - ETF | 36.98% | $50M | 841.1K |
| 2 | XLUSELECT SECTOR SPDR TR | Sector SPDR Technology - ETF · Sector SPDR Industrials - ETF · Sector SPDR Consumer Discretionary - ETF · Sector SPDR Utility Select - ETF · Sector SPDR Regional Banking - ETF | 16.95% | $23M | 231.1K |
| 3 | SCHWAB STRATEGIC TR | Schwab US Aggregate Bond - ETF · Schwab US Small Cap - ETF · Schwab US TIPS - ETF · Schwab US Short-Term Treasury Fund - ETF · Schwab REIT Fund - ETF | 14.98% | $20M | 329.0K |
| 4 | INVESCO EXCHANGE TRADED FD TR | Invesco Equal Wgt. Materials - ETF · Invesco Equal Wgt. Health Care - ETF · Invesco Equal Wgt. Utilities - ETF · Invesco Equal Wgt. Technology - ETF · Invesco Equal Wgt. Industrials - ETF · Invesco Equal Wgt. Cons. Disc. - ETF · Invesco Equal Wgt. Cons. Staples - ETF · Invesco S&P 500 Equal Weight - ETF · Invesco Equal Wgt. Energy - ETF · Invesco Equal Wgt. Financials - ETF · Invesco Preferred - ETF · Invesco Emerging Market Debt - ETF · Invesco BulletShares 2023 HY Corp. Bond - ETF · Invesco High Yield Corporate Bond - ETF · Invesco Senior Bank Loan - ETF | 10.44% | $14M | 189.1K |
| 5 | VANGUARD BOND INDEX | Vanguard Intermediate Bond Index Fund - ETF · Vanguard Corporate Bond - ETF · Vanguard Bond Index Fund - ETF | 8.10% | $11M | 115.1K |
| 6 | XTRACKER | XTracker Harvest CSI China - ETF | 4.31% | $6M | 146.2K |
| 7 | KRANESHARES | Kraneshares CSI China Internet - ETF | 4.12% | $6M | 71.2K |
| 8 | SPDR SERIES TR | SPDR Communications Svcs - ETF · SPDR Barclays Short Term Muni Bond - ETF · SPDR Barclays Municipal Bond - ETF | 2.64% | $4M | 60.6K |
| 9 | VANGUARD CHARLOTTE FUNDS | Vanguard Total Intl. Bond Market - ETF | 0.46% | $618,000 | 10.6K |
| 10 | GLOBAL X FDS | Global X MLP - ETF | 0.40% | $538,000 | 19.8K |
| 11 | VANGUARD INTL EQUITY INDEX | Vanguard International Equity - ETF | 0.33% | $436,000 | 7.4K |
| 12 | VANGUARD INDEX FUNDS | Vanguard Mid Cap Growth - ETF | 0.29% | $390,000 | 1.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2026 | $217M | 254 | Jul 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q1 2026 | $199M | 244 | Apr 20, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $194M | 251 | Jan 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $194M | 266 | Oct 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $182M | 260 | Jul 23, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $167M | 212 | Apr 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $171M | 257 | Jan 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $171M | 228 | Oct 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $160M | 223 | Jul 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $163M | 221 | Apr 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $153M | 228 | Jan 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $147M | 104 | Oct 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | Under review | 103 | Jul 21, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $142,225 | 106 | May 2, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | Under review | 104 | Jan 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $144M | 60 | Oct 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $152M | 62 | Jul 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $169M | 58 | Apr 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $169M | 70 | Oct 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $167M | 67 | Jul 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $136M | 51 | May 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $134M | 50 | Feb 4, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $125M | 51 | Nov 4, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $117M | 45 | Jul 29, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $105M | 45 | Apr 24, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $131M | 51 | Jan 28, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $127M | 50 | Oct 29, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $117M | 60 | Jul 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $117M | 57 | May 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $107M | 49 | Jan 17, 2019 | 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 ↗.