# LFS ASSET MANAGEMENT

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1942844. Source: https://holderbook.com/funds/1942844-lfs-asset-management/

- Reported value: $99.1M
- Positions: 48
- Weight of the ten largest: 57.3%
- Filed: 2022-12-05

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 |
|---|---|---|---|---|---|
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $12.4M | 392,223 | 12.5% | 2 |
| ISHARES TR | [IYK](https://holderbook.com/stocks/IYK/) | $7.9M | 43,726 | 7.9% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $5.6M | 11,078 | 5.6% | 1 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $5.3M | 22,896 | 5.3% | 1 |
| ISHARES TR | [AOM](https://holderbook.com/stocks/AOM/) | $4.7M | 128,460 | 4.7% | 2 |
| PROSHARES TR | [RWM](https://holderbook.com/stocks/RWM/) | $4.3M | 162,164 | 4.3% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.2M | 30,745 | 4.3% | 2 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $4.2M | 64,580 | 4.2% | 2 |
| TIDAL TRUST I | [RISR](https://holderbook.com/stocks/RISR/) | $4.1M | 131,435 | 4.2% | 2 |
| INVESCO ACTVELY MNGD ETC FD | [PDBC](https://holderbook.com/stocks/PDBC/) | $4.1M | 251,190 | 4.1% | 2 |
| WISDOMTREE TR | [DXJ](https://holderbook.com/stocks/DXJ/) | $3.4M | 55,062 | 3.4% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.9M | 12,643 | 3.0% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSPS](https://holderbook.com/stocks/RSPS/) | $2.9M | 18,843 | 2.9% | 1 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $2.8M | 56,046 | 2.9% | 2 |
| PROSHARES TR | [SDS](https://holderbook.com/stocks/SDS/) | $2.4M | 44,275 | 2.4% | 2 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $2.3M | 22,100 | 2.3% | 1 |
| ISHARES TR | [AOK](https://holderbook.com/stocks/AOK/) | $2.1M | 64,681 | 2.1% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.1M | 10,800 | 2.1% | 2 |
| GLOBAL X FDS | [CHIE](https://holderbook.com/stocks/CHIE/) | $2.1M | 136,423 | 2.1% | 2 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $2.0M | 8,736 | 2.0% | 2 |
| ABRDN ETFS | [BCI](https://holderbook.com/stocks/BCI/) | $1.7M | 65,559 | 1.7% | 1 |
| PROSHARES TR | [TBT](https://holderbook.com/stocks/TBT/) | $1.5M | 47,287 | 1.5% | 1 |
| FLEXSHARES TR | [TDTT](https://holderbook.com/stocks/TDTT/) | $1.4M | 57,964 | 1.4% | 2 |
| PROSHARES TR | [SQQQPS](https://holderbook.com/stocks/SQQQPS/) | $1.3M | 21,773 | 1.3% | 1 |
| ETFIS SER TR I | [PFFA](https://holderbook.com/stocks/PFFA/) | $1.0M | 53,763 | 1.0% | 1 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $898.0K | 3,590 | 0.9% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $779.0K | 4,774 | 0.8% | 2 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $709.0K | 12,785 | 0.7% | 2 |
| CALIFORNIA BANCORP INC | [CALB](https://holderbook.com/stocks/CALB/) | $681.0K | 33,698 | 0.7% | 2 |
| ISHARES TR | [EIDO](https://holderbook.com/stocks/EIDO/) | $669.0K | 28,698 | 0.7% | 2 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $634.0K | 3,927 | 0.6% | 2 |
| FIRST TR EXCHANGE TRAD FD VI | [FTGC](https://holderbook.com/stocks/FTGC/) | $631.0K | 24,887 | 0.6% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $533.0K | 5,540 | 0.5% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $527.0K | 6,040 | 0.5% | 2 |
| ISHARES TR | [ICVT](https://holderbook.com/stocks/ICVT/) | $501.0K | 7,265 | 0.5% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $469.0K | 1,703 | 0.5% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $438.0K | 3,050 | 0.4% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $407.0K | 1,807 | 0.4% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $352.0K | 1,982 | 0.4% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $279.0K | 2,066 | 0.3% | 2 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $275.0K | 1,928 | 0.3% | 2 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $263.0K | 2,284 | 0.3% | 2 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $254.0K | 2,057 | 0.3% | 2 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $253.0K | 1,042 | 0.3% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $234.0K | 495 | 0.2% | 2 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $221.0K | 2,464 | 0.2% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $220.0K | 616 | 0.2% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $203.0K | 1,800 | 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 |
|---|---|---|---|---|
| Q3 2022 | -5.4% | -5.3% | -0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $99.1M | 48 |
| Q2 2022 | $123.0M | 57 |