SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Q3 Asset Management

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

Reported Value
$120M
Q1 2023
Positions
43
Filings on Record
30
2019–present window
Filed
Apr 26, 2023
original filing

Summary

Q3 Asset Management reported $120M in U.S.-listed holdings across 43 positions for Q1 2023.

The portfolio is heavily concentrated: QQQ alone accounts for 30.7% of reported value.

Compared with Q4 2022, the fund opened 26 new positions and exited 28.

Portfolio Metrics

Turnover
+56.6%
vs prior filed quarter
Top-10 Concentration
+72.0%
share of reported value
Largest Position
+30.7%
Invesco Qqq
New / Exited
26 / 28
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: 89.1%Common Stock: 10.9%
  • ETP · 89.1% · $107M
  • Common Stock · 10.9% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QQQInvesco QQQ Trust Series 1NEW+114.5K114.5K+$37M$37M
SMHVANECK VECTORS SEMICONDUCTORS ETFNEW+18.8K18.8K+$5M$5M
VOTVANGUARD MID-CAP GROWTH ETFNEW+13.5K13.5K+$3M$3M
FCOMFIDELITY MSCI TELECOMMUNICATION SERVICES INDEX ETFNEW+67.9K67.9K+$2M$2M
XHBSPDR SER TR S&P HOMEBUIDLERS ETGNEW+35.6K35.6K+$2M$2M
BWXSPDR BLOOMBERG INTERNATIONAL TREASURY BOND ETFNEW+79.5K79.5K+$2M$2M
VTEBVANGUARD MUN BD FDS TAX EXEMPT BD INDEX FD ETFNEW+34.4K34.4K+$2M$2M
IEFISHARES TR BARCLAYS 7-10 YR TREAS BD ETFNEW+17.2K17.2K+$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 2023

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QQQInvesco QQQ Trust Series 1history →ETF30.70%$37M114.5K
2Q3 ALL SEASON ACTIVE ROTATION ETFETF14.14%$17M674.2K
3STF TACTICAL GROWTH & INCOME ETFETF6.32%$8M365.0K
4SMHVANECK VECTORS SEMICONDUCTORS ETFhistory →ETF4.13%$5M18.8K
5XARSPDR S&P AEROSPACE DEFENSE ETFhistory →ETF3.99%$5M40.9K
6OIHVANECK VECTORS OIL SERVICES ETFhistory →ETF3.93%$5M17.0K
7KIEKBW INSURANCE ETFhistory →ETF2.24%$3M68.1K
8VOTVANGUARD MID-CAP GROWTH ETFhistory →ETF2.20%$3M13.5K
9GDXVANECK GOLD MINERS ETFhistory →ETF2.17%$3M80.1K
10VBRVANGUARD SMALL-CAP VALUE VIPERShistory →ETF2.17%$3M16.3K
11FCOMFIDELITY MSCI TELECOMMUNICATION SERVICES INDEX ETFhistory →ETF2.07%$2M67.9K
12XHBSPDR SER TR S&P HOMEBUIDLERS ETGhistory →ETF2.01%$2M35.6K
13FENYFidelity MSCI Energy Index ETFhistory →ETF1.99%$2M106.1K
14BWXSPDR BLOOMBERG INTERNATIONAL TREASURY BOND ETFhistory →ETF1.53%$2M79.5K
15VTEBVANGUARD MUN BD FDS TAX EXEMPT BD INDEX FD ETFhistory →COM1.46%$2M34.4K
16IEFISHARES TR BARCLAYS 7-10 YR TREAS BD ETFhistory →ETF1.42%$2M17.2K
17VISVanguard Industrials ETFhistory →ETF1.21%$1M7.6K
18FSLRFIRST SOLAR, INC. - COMMON STOCKhistory →COM1.02%$1M5.6K
19GLDMSPDR GOLD MINISHARES TRUST NEWhistory →ETF1.02%$1M31.2K
20GENERAL ELECTRIC COCOM1.00%$1M12.5K
21KRANESHARES GLOBAL CARBON STRATEGY ETFETF0.97%$1M29.2K
22BABOEING COMPANYCOM0.93%$1M5.3K
23CINFCINCINNATI FINANCIAL CORPORATIONCOM0.93%$1M10.0K
24AFLAFLAC INC.COM0.92%$1M17.2K
25GWWW W GRAINGER, INCCOM0.92%$1M1.6K
26PFFDGLOBAL X FDSETF0.91%$1M54.6K
27GILDGILEAD SCIENCE INC.COM0.88%$1M12.7K
28BENFRANKLIN RES INC COMCOM0.85%$1M38.0K
29MRKMERCK CO INC NEWCOM0.85%$1M9.6K
30PNRPENTAIR PLC SHSCOM0.83%$995,00018.0K
31TLTISHARES TR BARCLAYS 20 YR TREAS BD ETFETF0.53%$629,0005.9K
32ZROZPIMCO ETF TR 25 YR ZERO CPN US TREAS INDEX FDETF0.52%$618,0006.5K
33XTNSPDR S&P TRANSPORTATION ETFETF0.44%$523,0007.2K
34NVDANVIDIA CORPCOM0.38%$460,0001.7K
35NFLXNETFLIX COM INCCOM0.37%$440,0001.3K
36SEAGEN INCCOM0.34%$406,0002.0K
37MCHPMICROCHIP TECH INCCOM0.33%$391,0004.7K
38GBILGOLDMAM SACHS TREAS ACC 0-1 YR ETFETF0.33%$390,0003.9K
39ODFLOLD DOMINION FREIGHT LINE, INC.COM0.31%$374,0001.1K
40EMBISHARES JP MORGAN USD EMERGING MKTS BD ETFETF0.31%$371,0004.3K
41BILSPDR BLOOMBERG 1-3 MONTH T-BILL ETFETF0.25%$299,0003.3K
42GLDSPDR GOLD TR GOLD SHSETF0.17%$202,0001.1K
43SMMTSUMMIT THERAPEUTICS INCCOM0.02%$27,00015.8K

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 ↗.