Managers / Q1 2020
Squar Milner Financial Services LLC
CIK 0001727592 · 18500 VON KARMAN AVENUE, 10TH FLOOR, IRVINE, CA, 92612 · 949-222-2999
Summary
Squar Milner Financial Services LLC reported $166M in U.S.-listed holdings across 829 positions for Q1 2020.
Its largest position, Spdr Bloomberg Barclays 1 3 Month T Bill Etf, represents 11.1% of the portfolio.
Compared with Q4 2019, the fund opened 67 new positions and exited 121.
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 · 47.5% · $79M
- Common Stock · 47.1% · $78M
- Other · 2.3% · $4M
- ADR · 1.2% · $2M
- Closed-End Fund · 0.8% · $1M
- Other · 1.0% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHARES SHORT TREASURY BOND ETF | NEW | +19.0K | 19.0K | +$2M | $2M |
| RTXRAYTHEON TECHNOLOGIES CORP COM | NEW | +6.6K | 6.6K | +$625,000 | $625,000 |
| PACER TRENDPILOT US LARGE CAP ETF | NEW | +21.3K | 21.3K | +$574,000 | $574,000 |
| ISHARES S&P 100 ETF | NEW | +4.5K | 4.5K | +$537,000 | $537,000 |
| PROSHARES SHORT VIX SHORT-TERM FUTURES ETF | NEW | +11.9K | 11.9K | +$367,000 | $367,000 |
| APPLE INC USD270 EXP 06/19/20 | NEW | +1.0K | 1.0K | +$254,000 | $254,000 |
| APPLE INC USD320 EXP 06/19/20 | NEW | +1.0K | 1.0K | +$254,000 | $254,000 |
| ADSKAUTODESK INC COM | NEW | +1.6K | 1.6K | +$253,000 | $253,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2020
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2020 | $166M | 829 | Apr 22, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $200M | 885 | Jan 21, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $163M | 868 | Oct 22, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $148M | 818 | Jul 25, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $136M | 845 | Apr 25, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $104M | 753 | Feb 13, 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 ↗.