Managers / Q4 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 $200M in U.S.-listed holdings across 885 positions for Q4 2019.
Its largest position, Spdr Bloomberg Barclays 1 3 Month T Bill Etf, represents 8.2% of the portfolio.
Compared with Q3 2019, the fund opened 122 new positions and exited 49.
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 · 47.9% · $96M
- Common Stock · 45.7% · $92M
- Other · 2.7% · $5M
- ADR · 1.3% · $3M
- REIT · 1.0% · $2M
- Other · 1.5% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| JPMORGAN ULTRA-SHORT INCOME ETF | NEW | +29.7K | 29.7K | +$1M | $1M |
| SPDR MSCI ACWI EX-US ETF | NEW | +18.9K | 18.9K | +$486,000 | $486,000 |
| AVXLANAVEX LIFE SCIENCES CORP COM NEW | NEW | +130.0K | 130.0K | +$336,000 | $336,000 |
| IPATH SERIES B S&P 500 VIX SHORT-TERM FUTURES ETN | NEW | +14.3K | 14.3K | +$216,000 | $216,000 |
| BLACKROCK TAX MUNICPAL BD TR SHS | NEW | +6.9K | 6.9K | +$167,000 | $167,000 |
| SLVISHARES SILVER TRUST | NEW | +10.0K | 10.0K | +$166,000 | $166,000 |
| TFXTELEFLEX INC COM | NEW | +307 | 307 | +$115,000 | $115,000 |
| VIACOMCBS INC CL B | NEW | +2.3K | 2.3K | +$97,000 | $97,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 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 ↗.