Managers / Q4 2024
NSI Retail Advisors, LLC
CIK 0001866574 · 2000 ERICSSON DRIVE, SUITE 100, WARRENDALE, PA, 15086-6507 · 412-566-1234
Summary
Nsi Retail Advisors, LLC reported $629M in U.S.-listed holdings across 19 positions for Q4 2024.
The portfolio is heavily concentrated: IWM alone accounts for 27.2% of reported value.
Compared with Q3 2024, the fund opened 0 new positions and exited 3.
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, 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
Portfolio Composition
- ETP · 87.7% · $552M
- Open-End Fund · 12.3% · $77M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TLTISHARES TR | SOLD OUT | −281.9K | 0 | −$28M | $0 |
| VHTVANGUARD WORLD FDS | SOLD OUT | −96.1K | 0 | −$27M | $0 |
| GDXVANECK ETF TRUST | SOLD OUT | −270.9K | 0 | −$11M | $0 |
| IWMISHARES | ADDED | +93.9K | 225.3K | +$21M | $50M |
| SPYMSPDR SERIES TRUST | TRIMMED | −17.0K | 215.8K | −$839,000 | $15M |
| IVVISHARES TRUST | HELD | −800 | 21.7K | −$204,000 | $13M |
| NKMCXNORTH SQUARE INVESTM | HELD | +23.7K | 819.0K | +$734,000 | $10M |
| ORSIXNORTH SQ INVSTMNTS T | HELD | −70.4K | 3.09M | −$4M | $47M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IWMISHARES | RUSSELL 2000 ETF · RUSSELL 3000 ETF · 3-7 YR TR BD ETF · HIGH DIVIDND ETF · MSCI EUROZONE · CORE S&P 500 ETF | 27.18% | $171M | 1.33M |
| 2 | VUGVANGUARD INDEX TR | GROWTH · VALUE | 23.03% | $145M | 561.3K |
| 3 | QQQINVESCO QQQ TRhistory → | QQQ TRUST SERIES 1 | 13.70% | $86M | 168.6K |
| 4 | SPYSPDR S&P 500 ETF TRhistory → | UNITS SER 1 S&P | 12.06% | $76M | 129.4K |
| 5 | ORSIXNORTH SQ INVSTMNTS T | DYNAMIC SMCP I · ADVSY RSCH ACP I | 10.71% | $67M | 4.69M |
| 6 | XLFSELECT SECTOR SPDRhistory → | AMEX FINANCIAL INDEX | 5.29% | $33M | 688.9K |
| 7 | SPYMSPDR SERIES TRUSThistory → | SPDR PRT S&P 500 ETF | 2.37% | $15M | 215.8K |
| 8 | DIASPDR DOW JONES INDLhistory → | UT SER 1 | 2.04% | $13M | 30.2K |
| 9 | NKMCXNORTH SQUARE INVESTMhistory → | NORTH MICRO FD I | 1.54% | $10M | 819.0K |
| 10 | SPDWS&P WRLD EX UShistory → | DVLP WORLD EX-US ETF | 1.30% | $8M | 239.2K |
| 11 | ETF S&P EMRG MKTS | PRTFLIO EMER MARKETS | 0.48% | $3M | 79.4K |
| 12 | SPDR SER TR | SPDR S&P 600 SMLCAP | 0.29% | $2M | 40.1K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2024 | $629M | 19 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $672M | 22 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $573M | 39 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $669M | 43 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $619M | 48 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $472M | 41 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $597M | 52 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $466M | 47 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $429M | 43 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $338M | 38 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $447M | 42 | Aug 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $674M | 49 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $622M | 49 | Feb 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $580M | 49 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $708M | 53 | Aug 16, 2021 | RESTATEMENT | 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 ↗.