Managers / Q3 2019 · view latest →
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 $163M in U.S.-listed holdings across 868 positions for Q3 2019.
Its largest position, Spdr Bloomberg Barclays 1 3 Month T Bill Etf, represents 7.4% of the portfolio.
Compared with Q2 2019, the fund opened 116 new positions and exited 57.
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 · 51.1% · $83M
- Common Stock · 42.2% · $69M
- Other · 2.5% · $4M
- ADR · 1.3% · $2M
- REIT · 1.2% · $2M
- Other · 1.7% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PROSHARES SHORT VIX SHORT-TERM FUTURES ETF | NEW | +23.8K | 23.8K | +$1M | $1M |
| MGM GROWTH PPTYS LLC CL A COM | NEW | +8.3K | 8.3K | +$249,000 | $249,000 |
| NTRNUTRIEN LTD COM | NEW | +4.9K | 4.9K | +$246,000 | $246,000 |
| AFFINITY WORLD LEADERS EQUITY ETF | NEW | +6.2K | 6.2K | +$138,000 | $138,000 |
| LMTLOCKHEED MARTIN CORP COM | NEW | +311 | 311 | +$121,000 | $121,000 |
| BFAMBRIGHT HORIZONS FAM SOL IN DEL COM | NEW | +709 | 709 | +$108,000 | $108,000 |
| CFCF INDS HLDGS INC COM | NEW | +1.9K | 1.9K | +$95,000 | $95,000 |
| FISVFISERV INC COM | NEW | +829 | 829 | +$85,000 | $85,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2019
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 ↗.