# R. G. NIEDERHOFFER CAPITAL MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1216800. Source: https://holderbook.com/funds/1216800-r-g-niederhoffer-capital-management-inc/

- Reported value: $11.3M
- Positions: 18
- Weight of the ten largest: 80.9%
- Filed: 2019-11-06

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.0M | 13,600 | 27.0% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.2M | 13,800 | 10.3% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.2M | 5,300 | 10.2% | 1 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $743.0K | 5,600 | 6.6% | 1 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $574.0K | 4,500 | 5.1% | 1 |
| SPDR SERIES TRUST | [JNK](https://holderbook.com/stocks/JNK/) | $544.0K | 5,000 | 4.8% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $534.0K | 4,500 | 4.7% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $501.0K | 9,100 | 4.4% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $486.0K | 3,000 | 4.3% | 2 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $369.0K | 6,000 | 3.3% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $348.0K | 2,500 | 3.1% | 3 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $295.0K | 7,800 | 2.6% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $290.0K | 3,800 | 2.6% | 1 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $288.0K | 5,700 | 2.6% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $271.0K | 1,400 | 2.4% | 1 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $248.0K | 3,200 | 2.2% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $209.0K | 900 | 1.9% | 2 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $207.0K | 7,400 | 1.8% | 1 |

## 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 | +2.1% | +1.3% | +0.9% | 100% |
| Q2 2019 | +1.5% | +3.7% | -2.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $11.3M | 18 |
| Q2 2019 | $17.2M | 28 |
| Q1 2019 | $11.0M | 19 |