# PHH Investments, Ltd.

> Institutional holdings reported to the SEC as of Q4 2019 on Form 13F. CIK 1537276. Source: https://holderbook.com/funds/1537276-phh-investments-ltd/

- Reported value: $378.4M
- Positions: 81
- Weight of the ten largest: 71.7%
- Filed: 2020-02-13

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 |
|---|---|---|---|---|---|
| FIRST TR EXCHNG TRADED FD VI | [FIXD](https://holderbook.com/stocks/FIXD/) | $51.9M | 1,000,972 | 13.7% | 5 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $43.8M | 389,875 | 11.6% | 5 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $32.8M | 186,416 | 8.7% | 5 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $31.4M | 261,923 | 8.3% | 5 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $29.5M | 152,119 | 7.8% | 5 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $28.1M | 215,695 | 7.4% | 5 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $22.2M | 319,944 | 5.9% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $12.0M | 272,489 | 3.2% | 5 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $11.1M | 138,218 | 2.9% | 5 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $8.7M | 54,478 | 2.3% | 5 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $8.4M | 77,600 | 2.2% | 5 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $7.2M | 60,723 | 1.9% | 5 |
| J P MORGAN EXCHANGE TRADED F | [JPEM](https://holderbook.com/stocks/JPEM/) | $5.5M | 96,981 | 1.5% | 5 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $4.2M | 35,833 | 1.1% | 5 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $3.7M | 42,322 | 1.0% | 5 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $3.4M | 24,594 | 0.9% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.3M | 11,283 | 0.9% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.8M | 17,550 | 0.7% | 5 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.5M | 63,781 | 0.7% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.3M | 16,816 | 0.6% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.3M | 65,496 | 0.6% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.1M | 14,298 | 0.6% | 5 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $2.0M | 33,433 | 0.5% | 5 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.9M | 11,509 | 0.5% | 5 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $1.9M | 10,559 | 0.5% | 5 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.8M | 10,191 | 0.5% | 5 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.8M | 5,603 | 0.5% | 5 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.8M | 7,434 | 0.5% | 5 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.7M | 23,481 | 0.5% | 5 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.7M | 31,595 | 0.4% | 5 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.7M | 14,677 | 0.4% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.5M | 34,433 | 0.4% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.5M | 12,571 | 0.4% | 5 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.4M | 9,812 | 0.4% | 5 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.4M | 5,201 | 0.4% | 5 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.4M | 16,176 | 0.4% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.4M | 6,373 | 0.4% | 5 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $1.3M | 20,505 | 0.3% | 5 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $1.3M | 7,954 | 0.3% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.2M | 929 | 0.3% | 5 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $1.2M | 13,248 | 0.3% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.2M | 4,023 | 0.3% | 5 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.2M | 24,593 | 0.3% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.1M | 8,309 | 0.3% | 5 |
| AMERICAN AIRLINES GROUP INC | [AAL](https://holderbook.com/stocks/AAL/) | $1.1M | 37,332 | 0.3% | 5 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $1.1M | 8,229 | 0.3% | 4 |
| STORE CAP CORP | [STOR](https://holderbook.com/stocks/STOR/) | $1.1M | 28,347 | 0.3% | 2 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $1.1M | 7,530 | 0.3% | 3 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $1.1M | 19,699 | 0.3% | 5 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $1.1M | 3,056 | 0.3% | 5 |
| ADVANCE AUTO PARTS INC | [AAP](https://holderbook.com/stocks/AAP/) | $1.0M | 6,530 | 0.3% | 2 |
| ASSURANT INC | [AIZ](https://holderbook.com/stocks/AIZ/) | $1.0M | 7,962 | 0.3% | 2 |
| SPDR SERIES TRUST | [MDYV](https://holderbook.com/stocks/MDYV/) | $1.0M | 18,873 | 0.3% | 5 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.0M | 6,622 | 0.3% | 5 |
| HORMEL FOODS CORP | [HRL](https://holderbook.com/stocks/HRL/) | $1.0M | 22,666 | 0.3% | 5 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.0M | 14,544 | 0.3% | 5 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $1.0M | 5,061 | 0.3% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $971.0K | 3,000 | 0.3% | 5 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $961.0K | 18,730 | 0.3% | 3 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $941.0K | 15,867 | 0.2% | 5 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $880.0K | 4,131 | 0.2% | 5 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $875.0K | 10,451 | 0.2% | 5 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $852.0K | 13,100 | 0.2% | 4 |
| SIRIUS XM HOLDINGS INC | [SIRIXXXX](https://holderbook.com/stocks/SIRIXXXX/) | $758.0K | 106,043 | 0.2% | 5 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $610.0K | 3,000 | 0.2% | 1 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $591.0K | 4,160 | 0.2% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $584.0K | 1,816 | 0.2% | 5 |
| MARVELL TECHNOLOGY GROUP LTD | [MRVLXXXX](https://holderbook.com/stocks/MRVLXXXX/) | $550.0K | 20,726 | 0.1% | 2 |
| CACI INTL INC | [CACI](https://holderbook.com/stocks/CACI/) | $517.0K | 2,070 | 0.1% | 2 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $474.0K | 2,950 | 0.1% | 5 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $423.0K | 9,832 | 0.1% | 5 |
| ACTIVISION BLIZZARD INC | [ATVI](https://holderbook.com/stocks/ATVI/) | $414.0K | 6,965 | 0.1% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $314.0K | 1,529 | 0.1% | 5 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $304.0K | 6,750 | 0.1% | 5 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $290.0K | 5,180 | 0.1% | 2 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $255.0K | 1,399 | 0.1% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $249.0K | 1,940 | 0.1% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $204.0K | 1,032 | 0.1% | 5 |
| SPROTT ASSET MANAGEMENT LP | [CEF](https://holderbook.com/stocks/CEF/) | $168.0K | 11,440 | 0.0% | 1 |
| EKSO BIONICS HLDGS INC | [EKSO](https://holderbook.com/stocks/EKSO/) | $29.0K | 73,762 | 0.0% | 5 |
| UNITED STATES ANTIMONY CORP | [UAMY](https://holderbook.com/stocks/UAMY/) | $23.0K | 60,000 | 0.0% | 3 |

## 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 |
|---|---|---|---|---|
| Q4 2019 | +4.5% | +8.5% | -3.9% | 100% |
| Q3 2019 | +0.9% | +1.3% | -0.3% | 100% |
| Q2 2019 | +3.0% | +3.7% | -0.7% | 100% |
| Q1 2019 | +8.8% | +13.0% | -4.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2019 | $378.4M | 81 |
| Q3 2019 | $360.1M | 81 |
| Q2 2019 | $350.4M | 80 |
| Q1 2019 | $343.8M | 81 |
| Q4 2018 | $310.3M | 82 |