SEC 13F Intelligence

Managers / Q1 2020 · view latest →

LFA - Lugano Financial Advisors SA

CIK 0001737871 · VIA F. PELLI 3, LUGANO, V8, 6900 · 0919124961

Reported Value
$111M
Q1 2020
Positions
123
Filings on Record
30
2019–present window
Filed
Apr 8, 2020
original filing

Summary

Lfa - Lugano Financial Advisors SA reported $111M in U.S.-listed holdings across 123 positions for Q1 2020.

Its largest position, Spdr S P 500 Etf Tr, represents 19.1% of the portfolio.

Compared with Q4 2019, the fund opened 3 new positions and exited 15.

Portfolio Metrics

Turnover
+4.7%
vs prior filed quarter
Top-10 Concentration
+58.0%
share of reported value
Largest Position
+19.1%
Spdr S P 500 Etf Tr
New / Exited
3 / 15
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. 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: $144MQ4 ’18Q1 ’19: $167MQ2 ’19: $161MQ4 ’19: $137MQ1 ’20: $111MQ1 ’20Q2 ’20: $95MQ3 ’20: $108MQ4 ’20: $129MQ1 ’21: $143MQ1 ’21Q2 ’21: $159MQ3 ’21: $152MQ4 ’21: $173MQ1 ’22: $150MQ1 ’22Q2 ’22: $143MQ3 ’22: $127MQ4 ’22: $135MQ1 ’23: $132MQ1 ’23Q2 ’23: $150MQ3 ’23: $117MQ4 ’23: $127MQ1 ’24: $137MQ1 ’24Q2 ’24: $131MQ3 ’24: $147MQ4 ’24: $153MQ1 ’25: $147MQ1 ’25Q2 ’25: $169MQ3 ’25: $190MQ4 ’25: $194MQ1 ’26: $197MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 80.9%Common Stock: 17.5%Other: 1.0%Closed-End Fund: 0.3%REIT: 0.2%Other: 0.1%
  • ETP · 80.9% · $90M
  • Common Stock · 17.5% · $19M
  • Other · 1.0% · $1M
  • Closed-End Fund · 0.3% · $362,000
  • REIT · 0.2% · $220,000
  • Other · 0.1% · $71,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+52.0K52.0K+$3M$3M
J P MORGAN EXCHANGE-TRADED FNEW+525525+$28,000$28,000
ISHARES TRNEW+305305+$15,000$15,000
ISHARES INCADDED+7721.3K+$38,000$64,000
ISHARES TRSOLD OUT−6.5K0−$331,000$0
ISHARES TRSOLD OUT−2.8K0−$313,000$0
ISHARES TRSOLD OUT−6200−$200,000$0
VANGUARD WORLD FDSSOLD OUT−4250−$81,000$0

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

Holdings — Q1 2020

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ESGDISHARES TRJPMORGAN USD EMG · 3 7 YR TREAS BD · MSCI EMG MKT ETF · A RATE CP BD ETF · IBOXX HI YD ETF · PFD AND INCM SEC · MSCI EAFE ETF · MSCI USA ESG SLC · SELECT DIVID ETF · ESG MSCI EAFE · HDG MSCI JAPAN · MSCI EURO FL ETF · MSCI UK ETF NEW25.90%$29M421.3K
2SPDR S&P 500 ETF TRTR UNIT19.07%$21M65.9K
3SPDR INDEX SHS FDSEURO STOXX 508.04%$9M228.7K
4VANGUARD SCOTTSDALE FDSINT-TERM CORP · LG-TERM COR BD6.70%$7M79.1K
5INDEXIQ ETF TRHEDGE MLTI ETF · IQ MRGR ARB ETF4.56%$5M161.0K
6GQ9SPDR GOLD TRUSThistory →GOLD SHS3.93%$4M29.3K
7ISHARES U S ETF TRCOMMOD SEL STG2.51%$3M92.8K
8SPGIS&P GLOBAL INChistory →COM1.22%$1M4.6K
9MAMASTERCARD INChistory →CL A1.19%$1M4.2K
10INVESCO EXCHANGE-TRADED FD TVAR RATE PFD1.13%$1M48.5K
11AAPLAPPLE INChistory →COM1.13%$1M4.0K
12SPDR SER TRBLMBRG BRC CNVRT1.11%$1M21.6K
13GLOBAL X FDSX YIELDCO RENE1.11%$1M79.9K
14MSFTMICROSOFT CORPCOM0.99%$1M6.5K
15ISHARES INCMSCI GERMANY ETF0.93%$1M36.2K
16NEENEXTERA ENERGY INCCOM0.90%$997,0003.7K
17VANGUARD INDEX FDSREAL ESTATE ETF0.90%$997,00010.6K
18XLFSELECT SECTOR SPDR TRSBI INT-FINL0.89%$994,00033.2K
19BMYBRISTOL-MYERS SQUIBB COCOM0.84%$935,00014.9K
20NDQINVESCO QQQ TRUNIT SER 10.82%$913,0004.2K
21HDHOME DEPOT INCCOM0.81%$905,0004.0K
22DBX ETF TRXTRACK HRVST CSI0.65%$718,00027.2K
23ZTSZOETIS INCCL A0.62%$688,0005.1K
24CHTRCHARTER COMMUNICATIONS INC NCL A0.62%$685,0001.3K
25DISDISNEY WALT COCOM DISNEY0.62%$684,0004.9K
26MSIMOTOROLA SOLUTIONS INCCOM NEW0.57%$638,0003.6K
27JOHNSON CTLS INTL PLCSHS0.47%$522,00013.2K
28BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.45%$505,0002.2K
29GOOGLALPHABET INCCAP STK CL A0.44%$493,000344
30VANGUARD BD INDEX FDSTOTAL BND MRKT0.42%$470,0005.5K
31T7DTRANSDIGM GROUP INCCOM0.33%$367,000570
32ACPABERDEEN INCOME CR STRATEGIECOM0.33%$362,00031.1K
33DYHTARGET CORPCOM0.31%$346,0003.1K
34VANGUARD CHARLOTTE FDSINTL BD IDX ETF0.31%$344,0006.0K
35COPCONOCOPHILLIPSCOM0.30%$339,0005.7K
36HUMHUMANA INCCOM0.30%$332,000988

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$197M223May 5, 202613F-HRchanges · EDGAR ↗
Q4 2025$194M235Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$190M229Nov 5, 202513F-HRchanges · EDGAR ↗
Q2 2025$169M245Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$147M191Apr 28, 202513F-HRchanges · EDGAR ↗
Q4 2024$153M193Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$147M183Nov 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$131M172Jul 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$137M160May 3, 202413F-HRchanges · EDGAR ↗
Q4 2023$127M170Jan 22, 202413F-HRchanges · EDGAR ↗
Q3 2023$117M179Oct 23, 202313F-HRchanges · EDGAR ↗
Q2 2023$150M169Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$132M111May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$135M117Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$127M115Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$143M132Jul 29, 202213F-HRchanges · EDGAR ↗
Q1 2022$150M109May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$173M119Jan 20, 202213F-HRchanges · EDGAR ↗
Q3 2021$152M105Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$159M98Jul 27, 202113F-HRchanges · EDGAR ↗
Q1 2021$143M94Apr 27, 202113F-HRchanges · EDGAR ↗
Q4 2020$129M103Jan 25, 202113F-HRchanges · EDGAR ↗
Q3 2020$108M110Oct 23, 202013F-HRchanges · EDGAR ↗
Q2 2020$95M112Jul 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$111M123Apr 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$137M135Jan 10, 202013F-HRchanges · EDGAR ↗
Q2 2019$161M158Aug 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$167M137May 2, 2019RESTATEMENTchanges · EDGAR ↗
Q4 2018$144M159Feb 7, 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 ↗.