# MRA Associates USA LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1587375. Source: https://holderbook.com/funds/1587375-mra-associates-usa-llc/

- Reported value: $25.4M
- Positions: 113
- Weight of the ten largest: 47.4%
- Filed: 2019-11-08

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 |
|---|---|---|---|---|---|
| GOLUB CAP BDC INC | [GBDC](https://holderbook.com/stocks/GBDC/) | $3.2M | 170,544 | 12.6% | 4 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.4M | 12,467 | 5.5% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.4M | 4,599 | 5.4% | 4 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $1.1M | 27,618 | 4.3% | 4 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $1.0M | 21,834 | 4.0% | 2 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $986.9K | 5,935 | 3.9% | 4 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $839.2K | 2,381 | 3.3% | 4 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $742.2K | 7,959 | 2.9% | 4 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $726.1K | 14,245 | 2.9% | 4 |
| FIRST TR EXCHNG TRADED FD VI | [FIXD](https://holderbook.com/stocks/FIXD/) | $673.0K | 12,782 | 2.6% | 1 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $655.4K | 6,443 | 2.6% | 4 |
| J P MORGAN EXCHANGE TRADED F | [JPIN](https://holderbook.com/stocks/JPIN/) | $630.2K | 11,853 | 2.5% | 4 |
| JPMORGAN CHASE & CO | [AMJ](https://holderbook.com/stocks/AMJ/) | $610.7K | 26,246 | 2.4% | 4 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $541.9K | 4,786 | 2.1% | 4 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $511.8K | 6,034 | 2.0% | 4 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $485.7K | 12,863 | 1.9% | 4 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $447.7K | 2,965 | 1.8% | 4 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $429.7K | 6,703 | 1.7% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $402.7K | 1,349 | 1.6% | 4 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $400.1K | 3,694 | 1.6% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $388.9K | 3,006 | 1.5% | 2 |
| INVESCO EXCH TRADED FD TR II | [PXH](https://holderbook.com/stocks/PXH/) | $362.7K | 18,064 | 1.4% | 4 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $356.7K | 9,504 | 1.4% | 4 |
| PIMCO ETF TR | [HYS](https://holderbook.com/stocks/HYS/) | $352.4K | 3,532 | 1.4% | 4 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $324.5K | 2,718 | 1.3% | 4 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $315.5K | 7,679 | 1.2% | 4 |
| INVESCO EXCH TRADED FD TR II | [PZA](https://holderbook.com/stocks/PZA/) | $307.0K | 11,568 | 1.2% | 4 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $306.1K | 5,708 | 1.2% | 1 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $303.6K | 3,422 | 1.2% | 4 |
| INVESCO EXCH TRADED FD TR II | [IFLN](https://holderbook.com/stocks/IFLN/) | $241.9K | 12,709 | 1.0% | 4 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $231.3K | 1,331 | 0.9% | 4 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $215.7K | 1,830 | 0.8% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $211.9K | 1,400 | 0.8% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $202.6K | 4,060 | 0.8% | 4 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $198.2K | 1,402 | 0.8% | 3 |
| UBS AG LONDON BRH | [AMU](https://holderbook.com/stocks/AMU/) | $160.1K | 10,910 | 0.6% | 4 |
| INVESCO EXCH TRADED FD TR II | [XMLV](https://holderbook.com/stocks/XMLV/) | $158.3K | 3,008 | 0.6% | 4 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $157.5K | 1,545 | 0.6% | 4 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $153.9K | 1,500 | 0.6% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $139.3K | 738 | 0.5% | 4 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $125.6K | 650 | 0.5% | 4 |
| ISHARES INC | [EEMV](https://holderbook.com/stocks/EEMV/) | $125.5K | 2,198 | 0.5% | 4 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $119.7K | 2,366 | 0.5% | 1 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $119.1K | 2,057 | 0.5% | 4 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $108.4K | 1,003 | 0.4% | 1 |
| VANGUARD SCOTTSDALE FDS | [VTHR](https://holderbook.com/stocks/VTHR/) | $108.1K | 800 | 0.4% | 3 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $101.2K | 1,304 | 0.4% | 3 |
| J P MORGAN EXCHANGE TRADED F | [BBHY](https://holderbook.com/stocks/BBHY/) | $93.0K | 1,805 | 0.4% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $85.1K | 49 | 0.3% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $83.6K | 290 | 0.3% | 2 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $83.3K | 337 | 0.3% | 1 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $79.3K | 1,261 | 0.3% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $79.2K | 340 | 0.3% | 2 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $77.8K | 1,000 | 0.3% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $73.3K | 527 | 0.3% | 2 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $71.5K | 1,026 | 0.3% | 4 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $71.2K | 446 | 0.3% | 4 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $70.0K | 485 | 0.3% | 2 |
| FIRST TR EXCHANGE TRADED FD | [FNI](https://holderbook.com/stocks/FNI/) | $69.3K | 2,017 | 0.3% | 1 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $67.4K | 300 | 0.3% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $64.7K | 1,309 | 0.3% | 2 |
| ALPS ETF TR | [AMLPXXXX](https://holderbook.com/stocks/AMLPXXXX/) | $64.0K | 7,000 | 0.3% | 4 |
| FIRST TR EXCHANGE-TRADED FD | [FDN](https://holderbook.com/stocks/FDN/) | $64.0K | 475 | 0.3% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $61.9K | 598 | 0.2% | 1 |
| ISHARES TR | [IYF](https://holderbook.com/stocks/IYF/) | $61.0K | 474 | 0.2% | 1 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $57.0K | 1,790 | 0.2% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $53.8K | 454 | 0.2% | 2 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $53.7K | 271 | 0.2% | 1 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $50.8K | 898 | 0.2% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $48.6K | 273 | 0.2% | 1 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $47.5K | 212 | 0.2% | 1 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $45.0K | 690 | 0.2% | 4 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $45.0K | 511 | 0.2% | 2 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $44.1K | 777 | 0.2% | 4 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $40.9K | 342 | 0.2% | 4 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $40.8K | 313 | 0.2% | 2 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $37.8K | 369 | 0.1% | 1 |
| INVESCO EXCH TRADED FD TR II | [DWAS](https://holderbook.com/stocks/DWAS/) | $37.5K | 750 | 0.1% | 1 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $35.8K | 200 | 0.1% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $35.4K | 400 | 0.1% | 1 |
| INVESCO EXCHANGE TRADED FD T | [IGPT](https://holderbook.com/stocks/IGPT/) | $32.6K | 350 | 0.1% | 1 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $29.2K | 229 | 0.1% | 4 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $27.3K | 338 | 0.1% | 2 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $25.1K | 917 | 0.1% | 4 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $24.7K | 489 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $22.9K | 323 | 0.1% | 1 |
| SENESTECH INC | [SNES](https://holderbook.com/stocks/SNES/) | $19.0K | 18,829 | 0.1% | 2 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $18.8K | 460 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $18.5K | 120 | 0.1% | 1 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $18.1K | 198 | 0.1% | 4 |
| ISHARES INC | [EZU](https://holderbook.com/stocks/EZU/) | $17.5K | 450 | 0.1% | 1 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $16.8K | 131 | 0.1% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $14.3K | 70 | 0.1% | 1 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $13.7K | 169 | 0.1% | 2 |
| CANOPY GROWTH CORP | [CGC](https://holderbook.com/stocks/CGC/) | $12.2K | 530 | 0.0% | 1 |
| AURORA CANNABIS INC | [ACB](https://holderbook.com/stocks/ACB/) | $11.3K | 2,574 | 0.0% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $10.4K | 50 | 0.0% | 4 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $8.9K | 100 | 0.0% | 1 |
| INVESCO EXCHANGE TRADED FD T | [PRFZ](https://holderbook.com/stocks/PRFZ/) | $7.5K | 59 | 0.0% | 4 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $6.7K | 256 | 0.0% | 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 | +1.3% | +1.3% | -0.0% | 100% |
| Q2 2019 | +0.2% | +3.7% | -3.5% | 100% |
| Q1 2019 | +8.3% | +13.0% | -4.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $25.4M | 113 |
| Q2 2019 | $25.3M | 139 |
| Q1 2019 | $56.2M | 71 |
| Q4 2018 | $65.9M | 63 |