SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Q3 Asset Management

CIK 0001732543 · 2175 COLE, BIRMINGHAM, MI, 48009 · 2485661122

Reported Value
$97M
Q1 2020
Positions
27
Filings on Record
30
2019–present window
Filed
May 12, 2020
original filing

Summary

Q3 Asset Management reported $97M in U.S.-listed holdings across 27 positions for Q1 2020.

The portfolio is heavily concentrated: BIL alone accounts for 30.1% of reported value.

Compared with Q4 2019, the fund opened 13 new positions and exited 17.

Portfolio Metrics

Turnover
+39.8%
vs prior filed quarter
Top-10 Concentration
+84.9%
share of reported value
Largest Position
+30.1%
Spdr Bbg 1 3 Month Bill
New / Exited
13 / 17
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
Q4 ’18: $40MQ4 ’18Q1 ’19: $37MQ2 ’19: $43MQ3 ’19: $40MQ4 ’19: $44MQ4 ’19Q1 ’20: $97MQ2 ’20: $105MQ3 ’20: $123MQ4 ’20: $126MQ4 ’20Q1 ’21: $188MQ2 ’21: $204MQ3 ’21: $207MQ4 ’21: $235MQ4 ’21Q1 ’22: $217MQ2 ’22: $132MQ3 ’22: $137MQ4 ’22: $148MQ4 ’22Q1 ’23: $120MQ2 ’23: $206MQ3 ’23: $252MQ4 ’23: $396MQ4 ’23Q1 ’24: $352MQ2 ’24: $441MQ3 ’24: $427MQ4 ’24: $161MQ4 ’24Q1 ’25: $146MQ3 ’25: $292MQ4 ’25: $437MQ1 ’26: $412MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 99.9%Common Stock: 0.1%
  • ETP · 99.9% · $97M
  • Common Stock · 0.1% · $53,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EDVVanguard Extended Duration Treasury ETFNEW+118.2K118.2K+$20M$20M
GBILGoldman Sachs Access Treasury 0-1 Yr ETFNEW+111.2K111.2K+$11M$11M
GDXVanEck Vectors Gold Miners ETFNEW+174.8K174.8K+$4M$4M
GOVTISHARES TREASURY BOND FDNEW+77.0K77.0K+$2M$2M
FXYInvesco CurrencyShares Japanese YenNEW+22.9K22.9K+$2M$2M
iShares Gold TrustNEW+132.9K132.9K+$2M$2M
IEIiShares 3-7 Year Treasury Bond ETFNEW+13.0K13.0K+$2M$2M
IEFiShares 7-10 Year Treasury Bond ETFNEW+14.3K14.3K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2020

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BILSPDR BBG 1-3 MONTH BILLhistory →ETF30.08%$29M319.8K
2EDVVanguard Extended Duration Treasury ETFhistory →ETF20.35%$20M118.2K
3GBILGoldman Sachs Access Treasury 0-1 Yr ETFhistory →ETF11.50%$11M111.2K
4SCHGSchwab US Large-Cap Growth ETFhistory →ETF4.89%$5M59.8K
5QQQInvesco QQQ Trusthistory →ETF4.87%$5M24.9K
6GDXVanEck Vectors Gold Miners ETFhistory →ETF4.14%$4M174.8K
7VCSHVANGUARD ST CORP BD ETFhistory →ETF2.43%$2M29.7K
8TLTiShares 20 Year Treasury Bond ETFhistory →ETF2.35%$2M13.9K
9GOVTISHARES TREASURY BOND FDhistory →ETF2.22%$2M77.0K
10FXYInvesco CurrencyShares Japanese Yenhistory →ETF2.08%$2M22.9K
11iShares Gold TrustETF2.06%$2M132.9K
12IEIiShares 3-7 Year Treasury Bond ETFhistory →ETF1.79%$2M13.0K
13IEFiShares 7-10 Year Treasury Bond ETFhistory →ETF1.78%$2M14.3K
14SMHVANECK VECTORS SEMI ETFhistory →ETF1.26%$1M10.2K
15XLKTECHNOLOGY SECTOR SPDR TRhistory →ETF1.20%$1M14.5K
16PJPINVESCO DYNAMIC PHARM ETFhistory →ETF1.18%$1M20.5K
17FBTFIRST TRUST AMEX BIOTECHNOLOGY INDEX FUNDhistory →ETF1.15%$1M8.3K
18FDNFIRST TRUST DJ INTERNETETF0.93%$907,0007.2K
19FUTYFidelity MSCI Utilities ETFETF0.79%$766,00021.3K
20XHBSPDR S&P Homebuilders ETFETF0.74%$725,00024.3K
21SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETF NEWETF0.52%$504,0005.3K
22EMBISHARES JP MORGAN USD EMERGING MKTS BD ETFETF0.51%$495,0005.1K
23FLRNSPDR Blmbg Barclays Inv Grd Flt Rt ETFETF0.41%$395,00013.4K
24JPSTJPMorgan Ultra-Short Income ETFETF0.38%$369,0007.4K
25PDBCInvesco Optm Yd Dvrs Cdty Stra No K1 ETFETF0.34%$328,00027.7K
26TSLATESLA INCCOM0.05%$52,000100
27MJNAMEDICAL MARIJUANA INC COMCOM0.00%$1,00024.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$412M64Apr 28, 202613F-HRchanges · EDGAR ↗
Q4 2025$437M62Jan 27, 202613F-HRchanges · EDGAR ↗
Q3 2025$292M55Oct 27, 202513F-HRchanges · EDGAR ↗
Q1 2025$146M56May 1, 202513F-HRchanges · EDGAR ↗
Q4 2024$161M47Jan 24, 202513F-HRchanges · EDGAR ↗
Q3 2024$427M45Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$441M48Jul 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$352M46Apr 25, 202413F-HRchanges · EDGAR ↗
Q4 2023$396M46Jan 29, 202413F-HRchanges · EDGAR ↗
Q3 2023$252M45Nov 3, 202313F-HRchanges · EDGAR ↗
Q2 2023$206M43Jul 28, 202313F-HRchanges · EDGAR ↗
Q1 2023$120M43Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$148M45Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$137M43Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$132M38Aug 2, 202213F-HRchanges · EDGAR ↗
Q1 2022$217M40May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$235M41Jan 25, 202213F-HRchanges · EDGAR ↗
Q3 2021$207M44Oct 29, 202113F-HRchanges · EDGAR ↗
Q2 2021$204M40Jul 26, 202113F-HRchanges · EDGAR ↗
Q1 2021$188M47May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$126M39Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$123M27Oct 22, 202013F-HRchanges · EDGAR ↗
Q2 2020$105M26Jul 24, 202013F-HRchanges · EDGAR ↗
Q1 2020$97M27May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$44M31Jan 27, 202013F-HRchanges · EDGAR ↗
Q3 2019$40M26Oct 24, 201913F-HRchanges · EDGAR ↗
Q2 2019$43M33Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$37M25Apr 17, 201913F-HRchanges · EDGAR ↗
Q4 2018$40M16Feb 4, 201913F-HRchanges · 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 ↗.