# Shone Asset Management LLC

> Institutional holdings reported to the SEC as of Q4 2020 on Form 13F. CIK 1727270. Source: https://holderbook.com/funds/1727270-shone-asset-management-llc/

- Reported value: $128.7M
- Positions: 41
- Weight of the ten largest: 69.4%
- Filed: 2021-01-20

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 |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $19.6M | 359,969 | 15.2% | 4 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $9.4M | 167,726 | 7.3% | 4 |
| FLEXSHARES TR | [IQDF](https://holderbook.com/stocks/IQDF/) | $8.7M | 359,889 | 6.8% | 4 |
| FLEXSHARES TR | [QDF](https://holderbook.com/stocks/QDF/) | $8.4M | 172,897 | 6.6% | 4 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $8.4M | 101,898 | 6.5% | 4 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $8.1M | 238,336 | 6.3% | 4 |
| FLEXSHARES TR | [RAVI](https://holderbook.com/stocks/RAVI/) | $7.5M | 97,761 | 5.8% | 4 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $7.1M | 30,010 | 5.5% | 4 |
| FLEXSHARES TR | [HYGV](https://holderbook.com/stocks/HYGV/) | $6.8M | 138,826 | 5.3% | 4 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $5.3M | 84,499 | 4.1% | 4 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $5.3M | 21,089 | 4.1% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.7M | 12,821 | 3.7% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.8M | 21,676 | 2.2% | 4 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.8M | 33,979 | 2.2% | 1 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $2.7M | 44,061 | 2.1% | 4 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $2.4M | 17,906 | 1.9% | 4 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.1M | 22,946 | 1.6% | 4 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $2.1M | 40,336 | 1.6% | 4 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $1.6M | 17,817 | 1.2% | 4 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.5M | 6,602 | 1.2% | 4 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.4M | 33,775 | 1.1% | 1 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.4M | 23,484 | 1.1% | 1 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $1.3M | 10,559 | 1.0% | 4 |
| SVB FINANCIAL GROUP | [SIVB](https://holderbook.com/stocks/SIVB/) | $993.0K | 2,564 | 0.8% | 4 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $859.0K | 13,739 | 0.7% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $733.0K | 3,366 | 0.6% | 4 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $635.0K | 9,706 | 0.5% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $446.0K | 1,275 | 0.3% | 4 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $423.0K | 5,083 | 0.3% | 4 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $338.0K | 3,848 | 0.3% | 4 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $313.0K | 3,037 | 0.2% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $292.0K | 169 | 0.2% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $274.0K | 1,749 | 0.2% | 4 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $272.0K | 561 | 0.2% | 3 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $264.0K | 7,698 | 0.2% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $253.0K | 3,964 | 0.2% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $248.0K | 1,137 | 0.2% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $236.0K | 893 | 0.2% | 3 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $235.0K | 4,127 | 0.2% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $230.0K | 133 | 0.2% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $215.0K | 4,276 | 0.2% | 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 |
|---|---|---|---|---|
| Q4 2020 | +13.0% | +11.6% | +1.3% | 96% |
| Q3 2020 | +7.4% | +8.6% | -1.2% | 96% |
| Q2 2020 | +19.9% | +19.6% | +0.3% | 92% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2020 | $128.7M | 41 |
| Q3 2020 | $112.1M | 37 |
| Q2 2020 | $101.0M | 36 |
| Q1 2020 | $84.5M | 32 |