CAPRIN ASSET MANAGEMENT LLC /ADV

CIK

1034369

Location

HENRICO, VA

Portfolio Value

Micro $64,082,799

Diversification

Highly concentrated

Filing Date

Global Rank

#6,626 / 7,091 ▼ 394 · as of Dec 2022

Period ended 3 years ago

Filed Jan 24, 2023 · 3y

12 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2022, never from the firm's own description.

Style

Concentrated

The top 10 positions are 100.0% of the book (60%+)

Turnover

Low turnover

13.6% over the last four quarters (under 30%)

Horizon

Horizon unknown

The value-weighted holding period is at least 11.3 quarters, but 92.3% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 95.2%; sector active share 87.0% against the combined 13F book's sector weights.

Over time 12 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

21 tracked positions · as of Dec 31, 2022 · Δ vs Sep 30, 2022

Top Position

39.4%

−6.6 pts

Top 5

98.1%

−1.9 pts

Top 10

100.0%

0.0 pts

HHI

2,671

Highly concentrated−799

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2022

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$64,082,799	21

Last Quarter's Activity

Export CSV

Dec 31, 2022 vs Sep 30, 2022

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	+75,761	104,064	$5,150,127
JMST	JPMorgan Ultra-Short Municipal Income ETF	+70,331	70,407	$3,558,017
—		+4,029	4,233	$193,109
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
—		−92,135	315,464	$14,820,498
ITM	VanEck Intermediate Muni ETF	−90,291	299,453	$13,658,051
MUB	iShares National Muni Bond ETF	−44,064	108,111	$11,407,872
AGG	iShares Core U.S. Aggregate Bond ETF	−21,244	90,741	$8,800,969
NYF	iShares New York Muni Bond ETF	−7,031	18,029	$944,719
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	−3,731	6,198	$308,784
FLOT	iShares Floating Rate Bond ETF	−3,585	45,486	$2,289,310
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	−3,105	20,375	$1,008,766
BAB	Invesco Exchange-Traded Fund Trust II	−1,611	2,920	$75,073
SHYD	VanEck Short High Yield Muni ETF	−1,368	3,243	$72,221
HYD	VanEck High Yield Muni ETF	−1,058	2,604	$131,632
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	13,617	$1,055,453
SHY	iShares 1-3 Year Treasury Bond ETF	1,846	$149,839
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	794	$59,700
IEF	iShares 7-10 Year Treasury Bond ETF	581	$55,648
PZA	Invesco National AMT-Free Municipal Bond ETF	1,590	$36,474
USIG	iShares Broad USD Investment Grade Corporate Bond ETF	600	$29,466
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
TIP	iShares TIPS Bond ETF	168	$17,623
—		521	$12,389
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

21 tracked positions · $64,082,799 total · filing declares 21 positions · $64,082,828 · as of Dec 31, 2022

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
		Reduced	315,464	-92,135	$14,820,498	−21.1%	12+	before history	23.13%
ITM	VanEck Intermediate Muni ETF	Reduced	299,453	-90,291	$13,658,051	−19.5%	12+	before history	21.31%
MUB	iShares National Muni Bond ETF	Reduced	108,111	-44,064	$11,407,872	−26.9%	12+	before history	17.80%
AGG	iShares Core U.S. Aggregate Bond ETF	Reduced	90,741	-21,244	$8,800,969	−18.4%	12+	before history	13.73%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Added	104,064	+75,761	$5,150,127	+278.0%	12+	before history	8.04%
JMST	JPMorgan Ultra-Short Municipal Income ETF	Added	70,407	+70,331	$3,558,017	+92993.1%	4	$50.43	5.55%
FLOT	iShares Floating Rate Bond ETF	Reduced	45,486	-3,585	$2,289,310	−7.2%	12+	before history	3.57%
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	NEW	13,617	NEW	$1,055,453	NEW	1	$76.88	1.65%
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	Reduced	20,375	-3,105	$1,008,766	−11.0%	12+	before history	1.57%
NYF	iShares New York Muni Bond ETF	Reduced	18,029	-7,031	$944,719	−25.5%	12+	before history	1.47%
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	Reduced	6,198	-3,731	$308,784	−36.9%	12+	before history	0.48%
CMF	iShares California Muni Bond ETF	Held	4,938	0	$277,071	+3.5%	12+	before history	0.43%
		Added	4,233	+4,029	$193,109	+2052.1%	12+	before history	0.30%
SHY	iShares 1-3 Year Treasury Bond ETF	NEW	1,846	NEW	$149,839	NEW	1	unpriced	0.23%
HYD	VanEck High Yield Muni ETF	Reduced	2,604	-1,058	$131,632	−28.0%	12+	before history	0.21%
BAB	Invesco Exchange-Traded Fund Trust II	Reduced	2,920	-1,611	$75,073	−35.4%	12+	before history	0.12%
SHYD	VanEck Short High Yield Muni ETF	Reduced	3,243	-1,368	$72,221	−28.1%	12+	before history	0.11%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	NEW	794	NEW	$59,700	NEW	1	$74.73	0.09%
IEF	iShares 7-10 Year Treasury Bond ETF	NEW	581	NEW	$55,648	NEW	1	unpriced	0.09%
PZA	Invesco National AMT-Free Municipal Bond ETF	NEW	1,590	NEW	$36,474	NEW	1	unpriced	0.06%
USIG	iShares Broad USD Investment Grade Corporate Bond ETF	NEW	600	NEW	$29,466	NEW	1	unpriced	0.05%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.