Managers / Q3 2023 · view latest →
Friedenthal Financial
CIK 0001598611 · 5000 SAGEMORE DRIVE, SUITE 102, MARLTON, NJ, 08053 · 856-210-6494
Reported Value
$147M
Q3 2023
Positions
104
Filings on Record
31
2019–present window
Filed
Oct 17, 2023
original filing
Summary
Friedenthal Financial reported $147M in U.S.-listed holdings across 104 positions for Q3 2023.
The portfolio is heavily concentrated: ITOT alone accounts for 26.3% of reported value.
Compared with Q2 2023, the fund opened 46 new positions and exited 45.
Portfolio Metrics
Turnover
+27.9%
vs prior filed quarter
Top-10 Concentration
+69.0%
share of reported value
Largest Position
+26.3%
Ishares Tr
New / Exited
46 / 45
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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 · 74.8% · $110M
- Common Stock · 22.4% · $33M
- REIT · 2.8% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FTSLFIRST TR EXCHANGE-TRADED FD | NEW | +88.3K | 88.3K | +$4M | $4M |
| EAGGISHARES TR | NEW | +17.9K | 17.9K | +$811,640 | $811,640 |
| AEOAMERICAN EAGLE OUTFITTERS IN | NEW | +47.9K | 47.9K | +$795,353 | $795,353 |
| ANFABERCROMBIE and FITCH CO | NEW | +14.1K | 14.1K | +$792,055 | $792,055 |
| ODFLOLD DOMINION FREIGHT LINE IN | NEW | +1.9K | 1.9K | +$790,458 | $790,458 |
| OCOWENS CORNING NEW | NEW | +5.8K | 5.8K | +$785,176 | $785,176 |
| ARISTA NETWORKS INC | NEW | +4.2K | 4.2K | +$776,369 | $776,369 |
| HASHASBRO INC | NEW | +11.7K | 11.7K | +$774,896 | $774,896 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
68 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ITOTISHARES TR | CORE Sandamp;P TTL STK · MSCI EAFE MIN VL · FLTG RATE NT ETF · 0-5 YR TIPS ETF · 0-5YR HI YL CP · MSCI USA MIN VOL · CORE INTL AGGR · MSCI EAFE ETF · ESG MSCI LEADR · ESG AWR US AGRGT · MSCI EMG MKT ETF · MBS ETF · ESG AWARE MSCI · MSCI ACWI ETF | 26.29% | $39M | 573.5K |
| 2 | RSPMINVESCO EXCHANGE TRADED FD T | Sandamp;P500 EQL MAT · Sandamp;P500 EQL HLT · Sandamp;P500 EQL UTL · Sandamp;P500 EQL TEC · Sandamp;P500 EQL STP · Sandamp;P500 EQL IND · Sandamp;P500 EQL DIS · Sandamp;P500 EQL ENR · Sandamp;P500 EQL FIN | 9.23% | $14M | 392.7K |
| 3 | SCHZSCHWAB STRATEGIC TR | US AGGREGATE B · US SML CAP ETF · US TIPS ETF · US REIT ETF · SHT TM US TRES | 8.61% | $13M | 310.6K |
| 4 | EEMVISHARES INChistory → | MSCI EMERG MRKT | 5.18% | $8M | 143.1K |
| 5 | FTSLFIRST TR EXCHANGE-TRADED FD | SENIOR LN FD · FST LOW OPPT EFT | 4.33% | $6M | 137.8K |
| 6 | MINTPIMCO ETF TR | ENHAN SHRT MA AC · 0-5 HIGH YIELD | 3.84% | $6M | 58.2K |
| 7 | SRLNSSGA ACTIVE ETF TRhistory → | BLACKSTONE SENR | 3.57% | $5M | 125.6K |
| 8 | SPYSPDR SandP 500 ETF TRhistory → | PUT | 2.77% | $4M | 9.6K |
| 9 | XLCSELECT SECTOR SPDR TR | COMMUNICATION · SBI HEALTHCARE | 2.61% | $4M | 50.6K |
| 10 | BILSPDR SER TR | BLOOMBERG 1-3 MO · NUVEEN BLMBRG SH · PRTFLO Sandamp;P500 VL · NUVEEN BLMBRG MU | 2.52% | $4M | 69.3K |
| 11 | VCITVANGUARD SCOTTSDALE FDS | INT-TERM CORP · SHRT TRM CORP BD | 1.75% | $3M | 34.1K |
| 12 | BNDXVANGUARD CHARLOTTE FDShistory → | TOTAL INT BD ETF | 1.73% | $3M | 53.4K |
| 13 | VXFVANGUARD INDEX FDShistory → | EXTEND MKT ETF | 1.00% | $1M | 10.3K |
| 14 | PGXINVESCO EXCH TRADED FD TR II | PFD ETF · EMRNG MKT SVRG · SR LN ETF · FNDMNTL HY CRP | 0.82% | $1M | 80.2K |
| 15 | NVDANVIDIA CORPORATION | COM | 0.58% | $850,405 | 2.0K |
| 16 | AEOAMERICAN EAGLE OUTFITTERS IN | COM | 0.54% | $795,353 | 47.9K |
| 17 | ANFABERCROMBIE and FITCH CO | CL A | 0.54% | $792,055 | 14.1K |
| 18 | ODFLOLD DOMINION FREIGHT LINE IN | COM | 0.54% | $790,458 | 1.9K |
| 19 | OCOWENS CORNING NEW | COM | 0.53% | $785,176 | 5.8K |
| 20 | ARISTA NETWORKS INC | COM | 0.53% | $776,369 | 4.2K |
| 21 | HASHASBRO INC | COM | 0.53% | $774,896 | 11.7K |
| 22 | RIVNRIVIAN AUTOMOTIVE INC | COM CL A | 0.52% | $773,464 | 31.9K |
| 23 | CARRCARRIER GLOBAL CORPORATION | COM | 0.52% | $766,397 | 13.9K |
| 24 | URIUNITED RENTALS INC | COM | 0.51% | $757,992 | 1.7K |
| 25 | CATCATERPILLAR INC | COM | 0.51% | $751,023 | 2.8K |
| 26 | BLDRBUILDERS FIRSTSOURCE INC | COM | 0.51% | $750,924 | 6.0K |
| 27 | ETNEATON CORP PLC | SHS | 0.51% | $750,532 | 3.5K |
| 28 | PHMPULTE GROUP INC | COM | 0.51% | $750,275 | 10.1K |
| 29 | TSLATESLA INC | COM | 0.51% | $749,159 | 3.0K |
| 30 | CNXCNX RES CORP | COM | 0.51% | $745,659 | 33.0K |
| 31 | PRPERMIAN RESOURCES CORP | CLASS A COM | 0.50% | $736,669 | 52.8K |
| 32 | ADBEADOBE INC | COM | 0.50% | $730,687 | 1.4K |
| 33 | ELANELANCO ANIMAL HEALTH INC | COM | 0.49% | $727,700 | 64.7K |
| 34 | VSTVISTRA CORP | COM | 0.49% | $726,343 | 21.9K |
| 35 | NOVNOV INC | COM | 0.49% | $724,791 | 34.7K |
| 36 | SMSM ENERGY CO | COM | 0.49% | $724,247 | 18.3K |
| 37 | VYXNCR CORP NEW | COM | 0.49% | $720,962 | 26.7K |
| 38 | FRSHFRESHWORKS INC | CLASS A COM | 0.49% | $720,805 | 36.2K |
| 39 | AMERICAN EQTY INVT LIFE HLD | COM | 0.49% | $720,653 | 13.4K |
| 40 | DLRDIGITAL RLTY TR INC | COM | 0.49% | $718,012 | 5.9K |
| 41 | ZWSZURN ELKAY WATER SOLNS CORP | COM | 0.49% | $715,939 | 25.6K |
| 42 | NOGNORTHERN OIL and GAS INC | COM | 0.48% | $714,364 | 17.8K |
| 43 | VRTVERTIV HOLDINGS CO | COM CL A | 0.48% | $712,826 | 19.2K |
| 44 | SLGSL GREEN RLTY CORP | COM | 0.48% | $710,528 | 19.0K |
| 45 | CRCCALIFORNIA RES CORP | COM STOCK | 0.48% | $709,647 | 12.7K |
| 46 | DASHDOORDASH INC | CL A | 0.48% | $709,111 | 8.9K |
| 47 | RPMRPM INTL INC | COM | 0.48% | $708,326 | 7.5K |
| 48 | PPURE STORAGE INC | CL A | 0.48% | $708,161 | 19.9K |
| 49 | AZEKAZEK CO INC | CL A | 0.48% | $707,693 | 23.8K |
| 50 | CVICVR ENERGY INC | COM | 0.48% | $707,177 | 20.8K |
| 51 | APPAPPLOVIN CORP | COM CL A | 0.48% | $701,538 | 17.6K |
| 52 | YELPYELP INC | CL A | 0.47% | $700,084 | 16.8K |
| 53 | BXPBOSTON PROPERTIES INC | COM | 0.47% | $692,288 | 11.6K |
| 54 | MTDRMATADOR RES CO | COM | 0.47% | $691,871 | 11.6K |
| 55 | ABRARBOR REALTY TRUST INC | COM | 0.47% | $691,236 | 45.5K |
| 56 | CHAMPIONX CORPORATION | COM | 0.47% | $690,529 | 19.4K |
| 57 | DINOHF SINCLAIR CORP | COM | 0.47% | $690,105 | 12.1K |
| 58 | LLYELI LILLY and CO | COM | 0.47% | $688,601 | 1.3K |
| 59 | FSLYFASTLY INC | CL A | 0.46% | $685,500 | 35.8K |
| 60 | IBKRINTERACTIVE BROKERS GROUP IN | COM CL A | 0.46% | $677,505 | 7.8K |
| 61 | ROKUROKU INC | COM CL A | 0.45% | $666,934 | 9.4K |
| 62 | VNOVORNADO RLTY TR | SH BEN INT | 0.44% | $655,452 | 28.9K |
| 63 | AFRMAFFIRM HLDGS INC | COM CL A | 0.43% | $639,036 | 30.0K |
| 64 | KRCKILROY RLTY CORP | COM | 0.43% | $636,183 | 20.1K |
| 65 | IONQIONQ INC | COM | 0.43% | $636,060 | 42.7K |
| 66 | MLPAGLOBAL X FDS | GLBL X MLP ETF | 0.41% | $611,061 | 13.7K |
| 67 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.19% | $283,743 | 810 |
| 68 | NUSHARES ETF TR | ESG HI TLD CRP | 0.14% | $204,436 | 10.2K |
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 ↗.