# Filament LLC

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1550228. Source: https://holderbook.com/funds/1550228-filament-llc/

- Reported value: $369.3M
- Positions: 35
- Weight of the ten largest: 89.4%
- Filed: 2020-11-05

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 |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $104.8M | 615,568 | 28.4% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $92.0M | 1,822,653 | 24.9% | 8 |
| ZILLOW GROUP INC | [Z](https://holderbook.com/stocks/Z/) | $37.2M | 366,022 | 10.1% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $24.9M | 575,947 | 6.7% | 8 |
| ZILLOW GROUP INC | [ZG](https://holderbook.com/stocks/ZG/) | $21.1M | 207,529 | 5.7% | 8 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $16.4M | 1,088,485 | 4.4% | 1 |
| DOCUSIGN INC | [DOCU](https://holderbook.com/stocks/DOCU/) | $12.6M | 58,466 | 3.4% | 8 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $7.8M | 88,185 | 2.1% | 8 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $7.1M | 174,034 | 1.9% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.3M | 30,026 | 1.7% | 8 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $6.1M | 96,549 | 1.7% | 8 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $4.6M | 23,469 | 1.2% | 8 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $4.1M | 51,357 | 1.1% | 8 |
| INVESCO DB COMMDY INDX TRCK | [DBC](https://holderbook.com/stocks/DBC/) | $3.9M | 301,578 | 1.1% | 3 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $3.0M | 15,777 | 0.8% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $2.7M | 54,896 | 0.7% | 8 |
| ISHARES GOLD TRUST | [IAUXXXX](https://holderbook.com/stocks/IAUXXXX/) | $2.3M | 128,151 | 0.6% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.2M | 15,016 | 0.6% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.6M | 499 | 0.4% | 8 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.5M | 29,635 | 0.4% | 8 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $1.5M | 33,950 | 0.4% | 8 |
| FLEXSHARES TR | [GUNR](https://holderbook.com/stocks/GUNR/) | $1.4M | 50,608 | 0.4% | 8 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $840.0K | 10,250 | 0.2% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $750.0K | 1,750 | 0.2% | 2 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $515.0K | 4,367 | 0.1% | 8 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $440.0K | 1,500 | 0.1% | 8 |
| SNAP INC | [SNAP](https://holderbook.com/stocks/SNAP/) | $421.0K | 16,157 | 0.1% | 8 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $336.0K | 3,219 | 0.1% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $294.0K | 201 | 0.1% | 8 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $258.0K | 1,460 | 0.1% | 5 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $200.0K | 1,970 | 0.1% | 2 |
| Ivanhoe Mines Ltd | [IVPAF](https://holderbook.com/stocks/IVPAF/) | $127.0K | 35,000 | 0.0% | 3 |
| HECLA MINING COMPANY | [HL](https://holderbook.com/stocks/HL/) | $50.0K | 10,000 | 0.0% | 1 |
| ORLA MNG LTD NEW | [ORLA](https://holderbook.com/stocks/ORLA/) | $39.0K | 10,000 | 0.0% | 1 |
| ENDEAVOUR SILVER CORP | [EXK](https://holderbook.com/stocks/EXK/) | $35.0K | 10,000 | 0.0% | 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 2020 | +15.1% | +8.6% | +6.5% | 100% |
| Q2 2020 | +22.9% | +19.6% | +3.3% | 100% |
| Q1 2020 | -20.0% | -19.9% | -0.0% | 100% |
| Q4 2019 | +11.0% | +8.5% | +2.6% | 100% |
| Q3 2019 | -3.8% | +1.3% | -5.1% | 100% |
| Q2 2019 | +4.6% | +3.7% | +0.8% | 100% |
| Q1 2019 | +11.2% | +13.0% | -1.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $369.3M | 35 |
| Q2 2020 | $308.1M | 32 |
| Q1 2020 | $266.0M | 35 |
| Q4 2019 | $330.1M | 39 |
| Q3 2019 | $302.9M | 40 |
| Q2 2019 | $315.2M | 36 |
| Q1 2019 | $300.4M | 38 |
| Q4 2018 | $268.0M | 39 |