# VIRTUS ALTERNATIVE INVESTMENT ADVISERS, INC.

> Institutional holdings reported to the SEC as of Q4 2020 on Form 13F. CIK 1591068. Source: https://holderbook.com/funds/1591068-virtus-alternative-investment-advisers-inc/

- Reported value: $6.7M
- Positions: 280
- Weight of the ten largest: 47.6%
- Filed: 2021-02-12

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 |
|---|---|---|---|---|---|
| INVESCO DB MULTI-SECTOR COMM | [DGL](https://holderbook.com/stocks/DGL/) | $1.6M | 29,703 | 24.5% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $354.0K | 6,753 | 5.3% | 4 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $344.0K | 520 | 5.1% | 4 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $143.0K | 2,123 | 2.1% | 3 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $138.0K | 717 | 2.1% | 5 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $134.0K | 1,777 | 2.0% | 8 |
| TRANSUNION | [TRU](https://holderbook.com/stocks/TRU/) | $133.0K | 1,345 | 2.0% | 5 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $110.0K | 2,744 | 1.6% | 1 |
| OPTIMUM COMMUNICATIONS INC | [OPTU](https://holderbook.com/stocks/OPTU/) | $99.0K | 2,613 | 1.5% | 4 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $95.0K | 768 | 1.4% | 5 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $93.0K | 608 | 1.4% | 4 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $92.0K | 625 | 1.4% | 3 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $90.0K | 765 | 1.3% | 5 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $89.0K | 417 | 1.3% | 1 |
| QORVO INC | [QRVO](https://holderbook.com/stocks/QRVO/) | $88.0K | 527 | 1.3% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $86.0K | 197 | 1.3% | 3 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $85.0K | 901 | 1.3% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $85.0K | 560 | 1.3% | 3 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $78.0K | 611 | 1.2% | 5 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $74.0K | 1,582 | 1.1% | 1 |
| BURLINGTON STORES INC | [BURL](https://holderbook.com/stocks/BURL/) | $73.0K | 279 | 1.1% | 3 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $72.0K | 402 | 1.1% | 3 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $71.0K | 325 | 1.1% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $67.0K | 324 | 1.0% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $67.0K | 305 | 1.0% | 3 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $66.0K | 401 | 1.0% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $65.0K | 37 | 1.0% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $65.0K | 139 | 1.0% | 3 |
| REXFORD INDL RLTY INC | [REXR](https://holderbook.com/stocks/REXR/) | $64.0K | 1,308 | 1.0% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $63.0K | 589 | 0.9% | 1 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $59.0K | 613 | 0.9% | 3 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $46.0K | 294 | 0.7% | 3 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $46.0K | 201 | 0.7% | 6 |
| LENNOX INTL INC | [LII](https://holderbook.com/stocks/LII/) | $42.0K | 154 | 0.6% | 6 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $40.0K | 1,057 | 0.6% | 3 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $31.0K | 645 | 0.5% | 5 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $26.0K | 19 | 0.4% | 5 |
| ACUITY INC | [AYI](https://holderbook.com/stocks/AYI/) | $18.0K | 152 | 0.3% | 4 |
| EIDOS THERAPEUTICS INC | [EIDX](https://holderbook.com/stocks/EIDX/) | $16.0K | 124 | 0.2% | 3 |
| JETBLUE AIRWAYS CORP | [JBLU](https://holderbook.com/stocks/JBLU/) | $16.0K | 1,120 | 0.2% | 1 |
| KODIAK SCIENCES INC | [KOD](https://holderbook.com/stocks/KOD/) | $16.0K | 108 | 0.2% | 2 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $16.0K | 121 | 0.2% | 1 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $16.0K | 148 | 0.2% | 1 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $14.0K | 126 | 0.2% | 1 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $11.0K | 141 | 0.2% | 2 |
| ALARM COM HLDGS INC | [ALRM](https://holderbook.com/stocks/ALRM/) | $10.0K | 101 | 0.1% | 5 |
| ALLAKOS INC | [ALLK](https://holderbook.com/stocks/ALLK/) | $10.0K | 71 | 0.1% | 2 |
| CODEXIS INC | [CDXS](https://holderbook.com/stocks/CDXS/) | $10.0K | 470 | 0.1% | 5 |
| LAS VEGAS SANDS CORP | [LVS](https://holderbook.com/stocks/LVS/) | $10.0K | 163 | 0.1% | 1 |
| STOKE THERAPEUTICS INC | [STOK](https://holderbook.com/stocks/STOK/) | $10.0K | 164 | 0.1% | 2 |
| TELADOC HEALTH INC | [TDOC](https://holderbook.com/stocks/TDOC/) | $10.0K | 51 | 0.1% | 3 |
| BLACKLINE INC | [BL](https://holderbook.com/stocks/BL/) | $9.0K | 65 | 0.1% | 2 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $9.0K | 24 | 0.1% | 1 |
| HMS HLDGS CORP | [HMSY](https://holderbook.com/stocks/HMSY/) | $9.0K | 233 | 0.1% | 2 |
| HALOZYME THERAPEUTICS INC | [HALO](https://holderbook.com/stocks/HALO/) | $9.0K | 211 | 0.1% | 4 |
| POWER INTEGRATIONS INC | [POWI](https://holderbook.com/stocks/POWI/) | $9.0K | 107 | 0.1% | 5 |
| RAVEN INDS INC | [RAVN](https://holderbook.com/stocks/RAVN/) | $9.0K | 257 | 0.1% | 5 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $9.0K | 73 | 0.1% | 2 |
| VERACYTE INC | [VCYT](https://holderbook.com/stocks/VCYT/) | $9.0K | 178 | 0.1% | 3 |
| AEROVIRONMENT INC | [AVAV](https://holderbook.com/stocks/AVAV/) | $8.0K | 89 | 0.1% | 3 |
| ALEXION PHARMACEUTICALS INC | [ALXN](https://holderbook.com/stocks/ALXN/) | $8.0K | 49 | 0.1% | 2 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $8.0K | 28 | 0.1% | 3 |
| ATRICURE INC | [ATRC](https://holderbook.com/stocks/ATRC/) | $8.0K | 144 | 0.1% | 4 |
| BADGER METER INC | [BMI](https://holderbook.com/stocks/BMI/) | $8.0K | 88 | 0.1% | 5 |
| BRADY CORP | [BRC](https://holderbook.com/stocks/BRC/) | $8.0K | 143 | 0.1% | 5 |
| CSW INDUSTRIALS INC | [CSW](https://holderbook.com/stocks/CSW/) | $8.0K | 75 | 0.1% | 5 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $8.0K | 55 | 0.1% | 5 |
| CARGURUS INC | [CARG](https://holderbook.com/stocks/CARG/) | $8.0K | 238 | 0.1% | 5 |
| CORCEPT THERAPEUTICS INC | [CORT](https://holderbook.com/stocks/CORT/) | $8.0K | 316 | 0.1% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $8.0K | 39 | 0.1% | 2 |
| DOLBY LABORATORIES INC | [DLB](https://holderbook.com/stocks/DLB/) | $8.0K | 85 | 0.1% | 5 |
| F5 INC | [FFIV](https://holderbook.com/stocks/FFIV/) | $8.0K | 47 | 0.1% | 5 |
| FIVE9 INC | [FIVN](https://holderbook.com/stocks/FIVN/) | $8.0K | 44 | 0.1% | 3 |
| FRESHPET INC | [FRPT](https://holderbook.com/stocks/FRPT/) | $8.0K | 53 | 0.1% | 5 |
| GENTEX CORP | [GNTX](https://holderbook.com/stocks/GNTX/) | $8.0K | 222 | 0.1% | 5 |
| HAEMONETICS CORP MASS | [HAE](https://holderbook.com/stocks/HAE/) | $8.0K | 67 | 0.1% | 5 |
| INSPIRE MED SYS INC | [INSP](https://holderbook.com/stocks/INSP/) | $8.0K | 44 | 0.1% | 5 |
| KRYSTAL BIOTECH INC | [KRYS](https://holderbook.com/stocks/KRYS/) | $8.0K | 130 | 0.1% | 3 |
| LIVERAMP HLDGS INC | [RAMP](https://holderbook.com/stocks/RAMP/) | $8.0K | 108 | 0.1% | 5 |
| MSC INDL DIRECT INC | [MSM](https://holderbook.com/stocks/MSM/) | $8.0K | 90 | 0.1% | 5 |
| MAXIM INTEGRATED PRODS INC | [MXIM](https://holderbook.com/stocks/MXIM/) | $8.0K | 85 | 0.1% | 5 |
| MITEK SYS INC | [MITK](https://holderbook.com/stocks/MITK/) | $8.0K | 449 | 0.1% | 5 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $8.0K | 22 | 0.1% | 5 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $8.0K | 66 | 0.1% | 2 |
| RINGCENTRAL INC | [RNG](https://holderbook.com/stocks/RNG/) | $8.0K | 21 | 0.1% | 5 |
| SPS COMM INC | [SPSC](https://holderbook.com/stocks/SPSC/) | $8.0K | 76 | 0.1% | 5 |
| SHOCKWAVE MED INC | [SWAV](https://holderbook.com/stocks/SWAV/) | $8.0K | 80 | 0.1% | 3 |
| SMARTSHEET INC | [SMAR](https://holderbook.com/stocks/SMAR/) | $8.0K | 116 | 0.1% | 3 |
| STAAR SURGICAL CO | [STAA](https://holderbook.com/stocks/STAA/) | $8.0K | 102 | 0.1% | 3 |
| TACTILE SYS TECHNOLOGY INC | [TCMD](https://holderbook.com/stocks/TCMD/) | $8.0K | 172 | 0.1% | 5 |
| TECHTARGET INC | [TTGT](https://holderbook.com/stocks/TTGT/) | $8.0K | 136 | 0.1% | 3 |
| TURNING POINT THERAPEUTICS I | [TPTX](https://holderbook.com/stocks/TPTX/) | $8.0K | 66 | 0.1% | 4 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $8.0K | 24 | 0.1% | 4 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $8.0K | 55 | 0.1% | 2 |
| UNIVERSAL DISPLAY CORP | [OLED](https://holderbook.com/stocks/OLED/) | $8.0K | 33 | 0.1% | 3 |
| VARONIS SYS INC | [VRNS](https://holderbook.com/stocks/VRNS/) | $8.0K | 49 | 0.1% | 3 |
| WD 40 CO | [WDFC](https://holderbook.com/stocks/WDFC/) | $8.0K | 29 | 0.1% | 5 |
| XILINX INC | [XLNX](https://holderbook.com/stocks/XLNX/) | $8.0K | 56 | 0.1% | 4 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $8.0K | 41 | 0.1% | 3 |
| AAON INC | [AAON](https://holderbook.com/stocks/AAON/) | $7.0K | 99 | 0.1% | 5 |

## 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 2020 | +18.4% | +11.6% | +6.7% | 100% |
| Q3 2020 | +9.6% | +8.6% | +1.0% | 100% |
| Q2 2020 | +21.9% | +19.6% | +2.3% | 100% |
| Q1 2020 | -17.9% | -19.9% | +2.0% | 100% |
| Q4 2019 | +1.4% | +8.5% | -7.0% | 100% |
| Q3 2019 | +1.7% | +1.3% | +0.4% | 100% |
| Q2 2019 | +3.7% | +3.7% | +0.0% | 100% |
| Q1 2019 | +14.0% | +13.0% | +1.0% | 95% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2020 | $6.7M | 280 |
| Q3 2020 | $5.4M | 266 |
| Q2 2020 | $6.4M | 276 |
| Q1 2020 | $7.3M | 231 |
| Q4 2019 | $6.7M | 245 |
| Q3 2019 | $4.6M | 11 |
| Q2 2019 | $4.6M | 10 |
| Q1 2019 | $5.9M | 10 |
| Q4 2018 | $195.7M | 95 |