Fund Diversifies Holdings
Collaborative Fund Advisors Reveals Diversified Q1 Stock Picks Across Multiple Sectors
Key Points
In addition to Collaborative Fund Advisors’ CTA stake, other large investors boosted exposure to the Simplify Managed Futures Strategy ETF in Q4, including Independence Wealth Advisors LLC taking a new position, Wealth Enhancement Advisory Services LLC increasing its CTA holdings by 25.7% to 2,892,787 shares (about $80.16 million), &PARTNERS expanding by 4,691% to 472,825 shares (about $12.89 million), and Ferguson Shapiro LLC opening a new position.
Genpact also disclosed a quarterly dividend of $0.1875 per share (ex-dividend date June 10; paid June 25), representing roughly a 2.6% annual yield.
Expedia Group saw broad institutional activity in the quarter, with Norges Bank adding a new stake and managers such as Wellington Management, AQR Capital Management, First Trust Advisors, and Deutsche Bank all boosting positions; overall institutional ownership sits around 90.76%.
Insider activity at U.S. Bancorp included Jodi L. Richard selling 40,000 shares on April 21, reducing the position by about 16.2% to roughly 207,251 shares (valued at about $11.8 million).
Collaborative Fund Advisors LLC, a New York-based investment firm, opened new positions across five companies in the first quarter of 2024, according to Watchlist News. The firm's new buys span multiple sectors — from a managed futures ETF to mining, tech outsourcing, and travel — signaling broad portfolio diversification.
The largest new stake by share count was 73,361 shares of the Simplify Managed Futures Strategy ETF (CTA), valued at roughly $2.2 million. Expedia Group came in close behind at about $2.16 million, while Genpact, Freeport-McMoRan, and U.S. Bancorp rounded out the new positions, according to Watchlist News.
CTA ETF Draws Heavy Institutional Buying in Q1
Collaborative Fund Advisors was not alone in targeting the Simplify Managed Futures Strategy ETF. Several other institutions made big moves into CTA around the same time, according to Watchlist News. Wealth Enhancement Advisory Services LLC grew its stake by 25.7%, reaching 2,892,787 shares worth about $80.16 million.
&PARTNERS made the most dramatic move, expanding its CTA position by 4,691% to 472,825 shares — worth roughly $12.89 million. Independence Wealth Advisors LLC and Ferguson Shapiro LLC each opened brand-new positions in the ETF. Together, these moves suggest growing institutional appetite for managed futures as a hedge.
Expedia Draws 90% Institutional Ownership as Big Names Buy In
Expedia Group attracted some of the biggest names in asset management during the quarter. Norges Bank opened a new stake. Wellington Management, AQR Capital Management, First Trust Advisors, and Deutsche Bank all added to existing positions, according to Watchlist News.
The result: roughly 90.76% of Expedia shares are now held by institutional investors. Collaborative Fund Advisors picked up 9,373 shares — about $2.16 million worth — giving the stock a weighting of around 1.3% to 1.4% in the firm's portfolio.
Genpact Dividend Offers 2.6% Yield Amid New Institutional Interest
Collaborative Fund Advisors bought 45,390 shares of Genpact, the IT services firm, worth about $1.7 million. The timing aligns with a quarterly dividend announcement from Genpact of $0.1875 per share, according to Watchlist News. The ex-dividend date was June 10, with payment on June 25.
At $0.75 per share annually, the dividend represents a yield of roughly 2.6%. Other institutional investors also boosted Genpact stakes during the quarter. The combination of income potential and outsourcing sector growth appears to be drawing fresh capital into the stock.
U.S. Bancorp Insider Sells Big as Fund Initiates Small Stake
While Collaborative Fund Advisors opened a modest position in U.S. Bancorp — 8,686 shares worth about $452,000 — an insider was heading the other way. Executive Jodi L. Richard sold 40,000 shares on April 21, cutting her stake by about 16.2%, according to Watchlist News. Her remaining holding stands at roughly 207,251 shares, valued at about $11.8 million.
Freeport-McMoRan also made the fund's buy list, with 13,481 shares purchased for around $792,000. The copper mining giant is often seen as a bet on industrial demand and global economic growth. Both the banking and mining picks show the fund casting a wide net across the economy.
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