# VALENTINE VENTURES LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1025948. Source: https://holderbook.com/funds/1025948-valentine-ventures-llc/

- Reported value: $92.9M
- Positions: 15
- Weight of the ten largest: 91.4%
- Filed: 2019-10-24

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $23.9M | 284,827 | 25.8% | 4 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $12.7M | 222,997 | 13.6% | 4 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $8.1M | 323,579 | 8.8% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $8.0M | 42,120 | 8.6% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VPL](https://holderbook.com/stocks/VPL/) | $7.9M | 120,263 | 8.6% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $7.9M | 147,638 | 8.5% | 4 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $4.3M | 49,904 | 4.7% | 4 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $4.1M | 87,903 | 4.5% | 1 |
| BARCLAYS BANK PLC | [DJP](https://holderbook.com/stocks/DJP/) | $4.0M | 181,845 | 4.3% | 4 |
| JPMORGAN CHASE & CO | [AMJ](https://holderbook.com/stocks/AMJ/) | $3.9M | 166,788 | 4.2% | 4 |
| SPDR SERIES TRUST | [BWX](https://holderbook.com/stocks/BWX/) | $2.8M | 96,820 | 3.0% | 4 |
| INVESCO EXCH TRADED FD TR II | [PCY](https://holderbook.com/stocks/PCY/) | $2.4M | 83,053 | 2.6% | 4 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $1.7M | 32,294 | 1.9% | 4 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $861.0K | 15,176 | 0.9% | 4 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $223.0K | 6,994 | 0.2% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2019 | -2.7% | +1.3% | -4.0% | 100% |
| Q2 2019 | +1.1% | +3.7% | -2.6% | 100% |
| Q1 2019 | +10.1% | +13.0% | -2.9% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $92.9M | 15 |
| Q2 2019 | $95.8M | 15 |
| Q1 2019 | $96.9M | 15 |
| Q4 2018 | $80.1M | 28 |