# Balter Liquid Alternatives, LLC

> Institutional holdings reported to the SEC as of Q2 2019 on Form 13F. CIK 1592450. Source: https://holderbook.com/funds/1592450-balter-liquid-alternatives-llc/

- Reported value: $205.2M
- Positions: 126
- Weight of the ten largest: 20.1%
- Filed: 2019-07-31

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 |
|---|---|---|---|---|---|
| ATLAS AIR WORLDWIDE HLDGS IN | [AAWW](https://holderbook.com/stocks/AAWW/) | $5.3M | 118,480 | 2.6% | 3 |
| JETBLUE AIRWAYS CORP | [JBLU](https://holderbook.com/stocks/JBLU/) | $4.5M | 244,566 | 2.2% | 1 |
| EASTMAN CHEM CO | [EMN](https://holderbook.com/stocks/EMN/) | $4.5M | 57,446 | 2.2% | 3 |
| DISCOVERY INC | [DISCK](https://holderbook.com/stocks/DISCK/) | $4.3M | 151,560 | 2.1% | 3 |
| BAUSCH HEALTH COS INC | [BHC](https://holderbook.com/stocks/BHC/) | $4.1M | 159,787 | 2.0% | 3 |
| PLANTRONICS INC NEW | [POLY](https://holderbook.com/stocks/POLY/) | $3.8M | 103,666 | 1.9% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.8M | 28,541 | 1.9% | 3 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $3.7M | 36,228 | 1.8% | 3 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $3.6M | 21,866 | 1.7% | 3 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $3.6M | 42,419 | 1.7% | 3 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $3.4M | 81,322 | 1.7% | 3 |
| LEAR CORP | [LEA](https://holderbook.com/stocks/LEA/) | $3.3M | 23,531 | 1.6% | 3 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $3.3M | 24,360 | 1.6% | 3 |
| BELDEN INC | [BDC](https://holderbook.com/stocks/BDC/) | $3.3M | 54,808 | 1.6% | 3 |
| ARDAGH GROUP S A | [ARD](https://holderbook.com/stocks/ARD/) | $3.2M | 183,899 | 1.6% | 3 |
| GROUPON INC | [GRPNXXXX](https://holderbook.com/stocks/GRPNXXXX/) | $3.1M | 872,443 | 1.5% | 3 |
| ZIFF DAVIS INC | [ZD](https://holderbook.com/stocks/ZD/) | $3.1M | 35,086 | 1.5% | 3 |
| ORION S.A. | [OEC](https://holderbook.com/stocks/OEC/) | $3.1M | 145,336 | 1.5% | 1 |
| MYLAN N V | [MYL](https://holderbook.com/stocks/MYL/) | $3.0M | 155,193 | 1.5% | 3 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $2.9M | 52,783 | 1.4% | 1 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $2.9M | 300,761 | 1.4% | 3 |
| ARAMARK | [ARMK](https://holderbook.com/stocks/ARMK/) | $2.8M | 78,051 | 1.4% | 2 |
| DXC TECHNOLOGY CO | [DXC](https://holderbook.com/stocks/DXC/) | $2.7M | 49,774 | 1.3% | 1 |
| GRAPHIC PACKAGING HLDG CO | [GPK](https://holderbook.com/stocks/GPK/) | $2.7M | 191,587 | 1.3% | 3 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $2.6M | 48,348 | 1.3% | 3 |
| SANMINA CORP | [SANM](https://holderbook.com/stocks/SANM/) | $2.6M | 86,794 | 1.3% | 3 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.6M | 77,222 | 1.3% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $2.6M | 12,621 | 1.3% | 3 |
| CABOT CORP | [CBT](https://holderbook.com/stocks/CBT/) | $2.6M | 54,080 | 1.3% | 2 |
| LKQ CORP | [LKQ](https://holderbook.com/stocks/LKQ/) | $2.5M | 95,711 | 1.2% | 3 |
| AMERICAN VANGUARD CORP | [AVD](https://holderbook.com/stocks/AVD/) | $2.5M | 163,428 | 1.2% | 1 |
| DIAMOND HILL INVT GROUP INC | [DHIL](https://holderbook.com/stocks/DHIL/) | $2.5M | 17,757 | 1.2% | 2 |
| IRIDIUM COMMUNICATIONS INC | [IRDM](https://holderbook.com/stocks/IRDM/) | $2.4M | 103,314 | 1.2% | 3 |
| VIACOM INC NEW | [VIAB](https://holderbook.com/stocks/VIAB/) | $2.4M | 80,446 | 1.2% | 1 |
| CBS CORP NEW | [CBS](https://holderbook.com/stocks/CBS/) | $2.4M | 48,000 | 1.2% | 1 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $2.4M | 24,489 | 1.2% | 3 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $2.4M | 40,551 | 1.1% | 3 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $2.3M | 46,366 | 1.1% | 3 |
| CELESTICA INC | [CLSXXXX](https://holderbook.com/stocks/CLSXXXX/) | $2.3M | 337,942 | 1.1% | 3 |
| COMTECH TELECOMMUNICATIONS C | [CMTL](https://holderbook.com/stocks/CMTL/) | $2.3M | 80,768 | 1.1% | 3 |
| NN INC | [NNBR](https://holderbook.com/stocks/NNBR/) | $2.2M | 229,574 | 1.1% | 3 |
| NCR VOYIX CORPORATION | [VYX](https://holderbook.com/stocks/VYX/) | $2.2M | 71,121 | 1.1% | 3 |
| MOSAIC CO | [MOS](https://holderbook.com/stocks/MOS/) | $2.2M | 86,880 | 1.1% | 1 |
| MITEK SYS INC | [MITK](https://holderbook.com/stocks/MITK/) | $2.2M | 217,706 | 1.1% | 1 |
| CSG SYS INTL INC | [CSGS](https://holderbook.com/stocks/CSGS/) | $2.1M | 43,821 | 1.0% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.1M | 39,028 | 1.0% | 3 |
| ANIXTER INTL INC | [AXE](https://holderbook.com/stocks/AXE/) | $2.1M | 34,417 | 1.0% | 2 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $2.0M | 33,228 | 1.0% | 3 |
| UNIFI INC | [UFI](https://holderbook.com/stocks/UFI/) | $1.9M | 106,702 | 0.9% | 3 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.9M | 39,989 | 0.9% | 3 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $1.9M | 29,408 | 0.9% | 3 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $1.8M | 12,683 | 0.9% | 3 |
| TIMKEN CO | [TKR](https://holderbook.com/stocks/TKR/) | $1.8M | 35,141 | 0.9% | 3 |
| TITAN MACHY INC | [TITN](https://holderbook.com/stocks/TITN/) | $1.7M | 83,346 | 0.8% | 1 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $1.7M | 43,020 | 0.8% | 3 |
| PRESIDIO INC | [PSDO](https://holderbook.com/stocks/PSDO/) | $1.7M | 122,652 | 0.8% | 3 |
| SCANSOURCE INC | [SCSC](https://holderbook.com/stocks/SCSC/) | $1.6M | 50,652 | 0.8% | 1 |
| INTERFACE INC | [TILE](https://holderbook.com/stocks/TILE/) | $1.6M | 107,225 | 0.8% | 3 |
| WADDELL & REED FINL INC | [WDR](https://holderbook.com/stocks/WDR/) | $1.6M | 98,283 | 0.8% | 3 |
| PETMED EXPRESS INC | [PETS](https://holderbook.com/stocks/PETS/) | $1.6M | 101,904 | 0.8% | 3 |
| DEL MONTE CORP | [DMC](https://holderbook.com/stocks/DMC/) | $1.5M | 56,272 | 0.7% | 3 |
| NOMAD FOODS LTD | [NOMD](https://holderbook.com/stocks/NOMD/) | $1.4M | 65,677 | 0.7% | 3 |
| GP STRATEGIES CORP | [GPX](https://holderbook.com/stocks/GPX/) | $1.4M | 92,725 | 0.7% | 3 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $1.3M | 35,559 | 0.7% | 3 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $1.3M | 28,040 | 0.6% | 3 |
| HOUSTON WIRE & CABLE CO | [HWCC](https://holderbook.com/stocks/HWCC/) | $1.3M | 251,798 | 0.6% | 3 |
| HURCO CO | [HURC](https://holderbook.com/stocks/HURC/) | $1.3M | 36,863 | 0.6% | 3 |
| CALERES INC | [CAL](https://holderbook.com/stocks/CAL/) | $1.3M | 62,962 | 0.6% | 1 |
| INDUSTRIAL LOGISTICS PPTYS T | [ILPT](https://holderbook.com/stocks/ILPT/) | $1.3M | 60,128 | 0.6% | 3 |
| MISTRAS GROUP INC | [MG](https://holderbook.com/stocks/MG/) | $1.2M | 80,737 | 0.6% | 2 |
| RESIDEO TECHNOLOGIES INC | [REZI](https://holderbook.com/stocks/REZI/) | $1.1M | 52,417 | 0.6% | 2 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $1.1M | 13,140 | 0.5% | 3 |
| DROPBOX INC | [DBX](https://holderbook.com/stocks/DBX/) | $1.1M | 43,682 | 0.5% | 3 |
| INSTEEL INDS INC | [IIIN](https://holderbook.com/stocks/IIIN/) | $1.1M | 51,338 | 0.5% | 2 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $1.1M | 18,996 | 0.5% | 3 |
| TECH DATA CORP | [TECD](https://holderbook.com/stocks/TECD/) | $1.0M | 10,029 | 0.5% | 3 |
| DESPEGAR COM CORP | [DESP](https://holderbook.com/stocks/DESP/) | $999.0K | 71,924 | 0.5% | 3 |
| BED BATH & BEYOND INC | [BBBY](https://holderbook.com/stocks/BBBY/) | $986.0K | 72,466 | 0.5% | 3 |
| INTERNATIONAL PAPER CO | [IP](https://holderbook.com/stocks/IP/) | $957.0K | 22,102 | 0.5% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $912.0K | 23,637 | 0.4% | 3 |
| TRUEBLUE INC | [TBI](https://holderbook.com/stocks/TBI/) | $904.0K | 40,988 | 0.4% | 3 |
| SPX FLOW INC | [FLOW](https://holderbook.com/stocks/FLOW/) | $902.0K | 21,553 | 0.4% | 2 |
| IRIDEX CORP | [IRIX](https://holderbook.com/stocks/IRIX/) | $901.0K | 198,020 | 0.4% | 1 |
| ATENTO S A | [ATTO](https://holderbook.com/stocks/ATTO/) | $901.0K | 361,674 | 0.4% | 3 |
| FOOT LOCKER INC | [FL](https://holderbook.com/stocks/FL/) | $859.0K | 20,498 | 0.4% | 1 |
| INTRICON CORP | [IIN](https://holderbook.com/stocks/IIN/) | $853.0K | 36,523 | 0.4% | 2 |
| BRIGHAM MINERALS INC | [MNRL](https://holderbook.com/stocks/MNRL/) | $820.0K | 38,197 | 0.4% | 1 |
| UNIVERSAL STAINLESS & ALLOY | [USAP](https://holderbook.com/stocks/USAP/) | $794.0K | 49,656 | 0.4% | 1 |
| UNIVAR SOLUTIONS INC | [UNVR](https://holderbook.com/stocks/UNVR/) | $782.0K | 35,495 | 0.4% | 2 |
| CORNERSTONE BLDG BRANDS INC | [CNR](https://holderbook.com/stocks/CNR/) | $756.0K | 127,006 | 0.4% | 1 |
| G III APPAREL GROUP LTD | [GIII](https://holderbook.com/stocks/GIII/) | $699.0K | 23,758 | 0.3% | 1 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $693.0K | 16,513 | 0.3% | 3 |
| EVERQUOTE INC | [EVER](https://holderbook.com/stocks/EVER/) | $676.0K | 51,973 | 0.3% | 1 |
| BEACON ROOFING SUPPLY INC | [BECN](https://holderbook.com/stocks/BECN/) | $663.0K | 18,056 | 0.3% | 3 |
| KULICKE & SOFFA INDS INC | [KLIC](https://holderbook.com/stocks/KLIC/) | $641.0K | 28,422 | 0.3% | 1 |
| PREFORMED LINE PRODS CO | [PLPC](https://holderbook.com/stocks/PLPC/) | $637.0K | 11,471 | 0.3% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $632.0K | 13,194 | 0.3% | 3 |
| HYRECAR INC | [HYREQ](https://holderbook.com/stocks/HYREQ/) | $600.0K | 142,921 | 0.3% | 3 |
| SPOK HLDGS INC | [SPOK](https://holderbook.com/stocks/SPOK/) | $568.0K | 37,792 | 0.3% | 1 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $462.0K | 4,821 | 0.2% | 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 |
|---|---|---|---|---|
| Q2 2019 | +3.5% | +3.7% | -0.2% | 99% |
| Q1 2019 | +16.6% | +13.0% | +3.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2019 | $205.2M | 126 |
| Q1 2019 | $181.1M | 180 |
| Q4 2018 | $143.9M | 205 |