Active Portfolio Adjustments
Sanctuary Advisors Shifts ETF Holdings While Kera Capital Boosts AMLP Stake
Anonymous
Key Points
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Kera Capital Partners Inc. increased its AMLP stake to 210,781 shares in Q1, up 36.6%, representing about 1.4% of its portfolio and making AMLP the 13th-largest holding; the firm added 56,426 AMLP shares during the quarter for roughly $11.1 million.
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Sanctuary Advisors LLC reduced its AMLP position by 19.8% in Q1 to 147,693 shares, selling 36,538 shares during the period, with the stake valued at about $7.78 million at quarter-end.
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Sanctuary Advisors LLC expanded its IBB position by 15.4% to 45,881 shares, about 0.10% of IBB, after adding 6,112 shares in the quarter; the holding was approximately $7.75 million.
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Sanctuary Advisors LLC grew its EEM stake by 24.7% to 150,850 shares, worth about $8.57 million, with institutional investors and hedge funds holding 81.39% of EEM shares.
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Sanctuary Advisors LLC boosted its APO position by 12.7% to 90,494 shares, valued at about $10.08 million, after purchasing 10,172 additional shares during the quarter.
Sanctuary Advisors LLC ramped up its stake in Apollo Global Management (APO) by 12.7% in the first quarter, bringing its total holding to 90,494 shares worth about $10.08 million, according to Watchlist News. The firm added 10,172 APO shares during the quarter, signaling growing confidence in the alternative asset manager.
The moves were part of a broader reshuffling across Sanctuary's ETF and equity portfolio. The firm bought into some positions and trimmed others — all in the same quarter.
Sanctuary Trims AMLP While Expanding Biotech and Emerging Markets
Sanctuary cut its Alerian MLP ETF (AMLP) position by 19.8%, selling 36,538 shares and leaving it with 147,693 shares worth about $7.78 million, Watchlist News reported. AMLP tracks midstream energy pipelines. Trimming it suggests Sanctuary is pulling back from that corner of the energy sector.
At the same time, Sanctuary grew its iShares Biotechnology ETF (IBB) stake by 15.4% to 45,881 shares, worth roughly $7.75 million. It also expanded its iShares MSCI Emerging Markets ETF (EEM) position by 24.7% to 150,850 shares, valued at about $8.57 million. Institutional investors hold 81.39% of all EEM shares.
Kera Capital Goes the Other Way on AMLP, Buying Big
While Sanctuary was selling AMLP, Kera Capital Partners Inc. was buying it. Kera raised its AMLP stake by 36.6% in Q1, adding 56,426 shares to reach a total of 210,781 shares. That purchase cost roughly $11.1 million, according to Watchlist News.
AMLP is now Kera's 13th-largest holding, making up about 1.4% of its total portfolio. The two firms moving in opposite directions on the same ETF shows how differently active managers can read the same market.
Sanctuary Also Builds Stakes in Kroger and Corporate Bond ETF
Beyond APO and the equity ETFs, Sanctuary also grew its position in The Kroger Co. (KR) by 47.4% in Q1, bringing its total to 108,072 shares worth about $7.82 million, per Watchlist News. Kroger is one of the largest grocery chains in the US. Adding to it points to a defensive tilt in part of Sanctuary's portfolio.
Sanctuary also raised its Franklin Investment Grade Corporate ETF (FLCO) position by 10.3% to a value of about $8.98 million. FLCO holds investment-grade corporate bonds — debt issued by companies with strong credit ratings. Together, these moves suggest Sanctuary is mixing growth bets like APO with steadier, income-focused assets.
What These Moves Say About Active Portfolio Management
Sanctuary's Q1 moves span biotech, emerging markets, energy pipelines, grocery stocks, and corporate bonds. That is a wide range. It shows the firm is actively adjusting — not simply holding a static mix of assets. Buying APO, a major alternative asset manager, could reflect a bet on continued demand for private equity and credit.
Kera's big AMLP buy, meanwhile, may reflect a view that midstream energy infrastructure is undervalued. Two firms, two very different reads on the same fund. That is the nature of active management — and these 13F filings give a rare look under the hood, according to Watchlist News.
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