Quantitative Advantage, LLC

CIK

1368905

Location

MINNETONKA, MN

Portfolio Value

Small $665,739,501

Diversification

Diversified

Filing Date

Global Rank

#2,182 / 7,012 ▼ 17 · as of Mar 2023

Top Industry

Asset Management 100.0%

Period ended 3 years ago

Filed May 12, 2023 · 3y

13 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 Mar 31, 2023, never from the firm's own description.

Style

Diversified active

Top 10 weight 58.2%, 23.0 effective positions, active share 91.5% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

28.3% over the last four quarters (under 30%)

Horizon

Horizon unknown

The value-weighted holding period is at least 9.6 quarters, but 50.6% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 91.5%; sector active share 86.6% against the combined 13F book's sector weights.

Over time 13 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

113 tracked positions · as of Mar 31, 2023 · Δ vs Dec 31, 2022

Top Position

8.3%

−0.4 pts

Top 5

34.7%

−1.1 pts

Top 10

58.2%

+0.1 pts

HHI

435

Diversified−3

Portfolio Trend

13 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2023

Sector	% Portfolio	Value	Positions
Unclassified	99.2%	$660,557,410	110
Financial Services	0.8%	$5,182,091	3

Last Quarter's Activity

Export CSV

Mar 31, 2023 vs Dec 31, 2022

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	+36,854	660,410	$20,347,232
GTO	Invesco Total Return Bond ETF	+34,688	81,033	$3,824,757
TOTL	State Street(R) DoubleLine(R) Total Return Tactical ETF	+27,702	416,130	$17,073,813
PEY	Victory Portfolios II	+27,284	120,922	$2,408,766
MMIT	NYLIM ETF Trust	+21,159	103,518	$2,545,507
FPE	First Trust Preferred Securities and Income ETF	+20,993	60,557	$966,489
—		+19,709	84,171	$3,198,498
JHEM	John Hancock Multifactor Emerging Markets ETF	+19,236	271,819	$6,586,174
QAI	NYLIM Hedge Multi-Strategy Tracker ETF	+18,327	501,438	$14,647,003
—		+18,204	186,499	$4,237,257
FLMI	Franklin Dynamic Municipal Bond ETF	+17,377	84,191	$2,013,848
VEU	Vanguard International Equity Index Funds	+15,824	448,686	$23,991,240
BOND	PIMCO Active Bond Exchange-Traded Fund	+12,225	178,755	$16,581,313
HMOP	Hartford Municipal Opportunities ETF	+11,408	45,429	$1,735,614
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	+10,339	73,024	$1,700,728
DNL	WisdomTree Global ex-U.S. Quality Growth Fund	+10,293	171,660	$6,088,780
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+8,852	173,594	$35,430,535
STPZ	PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund	+8,583	50,952	$2,600,590
DEM	WisdomTree Emerging Markets High Dividend Fund	+8,440	44,232	$1,674,623
JPIN	JPMorgan Diversified Return International Equity ETF	+8,208	125,018	$6,539,691
FTSL	First Trust Senior Loan Fund	+8,130	22,977	$1,039,479
VWOB	VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND	+7,846	49,919	$3,110,452
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	+7,718	47,006	$976,314
RDIV	Invesco Ltd.	+7,686	20,088	$826,420
FXY	Invesco CurrencyShares Japanese Yen Trust	+7,603	44,880	$3,147,434
No positions match the current search.

Trimmed

Positions the filer reduced

24 positions

Ticker	Company	Δ Shares	Shares	Value
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	−81,933	32,126	$1,620,114
HTRB	Hartford Total Return Bond ETF	−16,779	373,363	$12,694,342
SGOL	abrdn Gold ETF Trust	−15,444	176,341	$3,327,554
UCON	First Trust Smith Unconstrained Bond ETF	−14,997	349,121	$8,452,219
MOAT	VanEck Morningstar Wide Moat ETF	−10,030	314,920	$23,250,543
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	−9,713	427,063	$11,244,568
FTGC	First Trust Global Tactical Commodity Strategy Fund	−8,624	92,115	$2,163,781
GSLC	Goldman Sachs ActiveBeta(R) U.S. Large Cap Equity ETF	−8,581	215,777	$17,525,407
BUFR	FT Vest Laddered Buffer ETF	−8,578	93,290	$2,189,516
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	−8,524	263,422	$21,819,244
CWI	Spdr Index Shares Funds	−4,863	93,052	$2,394,227
VRIG	Invesco Variable Rate Investment Grade ETF	−3,862	126,664	$3,131,134
GCOR	Goldman Sachs Access U.S. Aggregate Bond ETF	−3,660	163,192	$6,885,070
—		−3,479	141,772	$4,179,438
XLF	State Street Corp	−3,178	129,549	$4,165,000
BUFF		−1,825	27,470	$986,777
AVUS	Avantis U.S. Equity ETF	−883	29,677	$2,103,505
FXF	Invesco CurrencyShares Swiss Franc Trust	−849	32,889	$3,203,059
CLOU	Global X Cloud Computing ETF	−825	10,515	$192,950
FTLS	First Trust Long/Short Equity ETF	−660	103,923	$5,280,327
IYC	iShares U.S. Consumer Discretionary ETF	−560	130,881	$8,466,691
SPAB	State Street(R) SPDR(R) Portfolio Aggregate Bond ETF	−493	8,505	$219,343
PGX	Invesco Ltd.	−352	16,609	$190,671
IYG	iShares U.S. Financial Services ETF	−52	58,787	$8,874,485
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
DUHP	Dimensional US High Profitability ETF	2,040,981	$51,310,262
GLTR	abrdn Precious Metals Basket ETF Trust	36,004	$3,283,924
FXE	Invesco CurrencyShares Euro Trust	31,802	$3,186,242
DWLD	Davis Select Worldwide ETF	77,591	$2,051,506
JIRE	JPMorgan International Research Enhanced Equity ETF	18,078	$995,555
VTV	VANGUARD VALUE INDEX FUND	5,000	$690,550
ITA	iShares U.S. Aerospace & Defense ETF	2,877	$331,085
FNDB	Schwab Fundamental U.S. Broad Market ETF	6,022	$325,910
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	1,732	$261,549
DRIV	Global X Autonomous & Electric Vehicles ETF	8,968	$213,797
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
DFAT	Dimensional U.S. Targeted Value ETF	1,112,930	$48,913,273
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	251,336	$3,714,746
UUP	Invesco DB US Dollar Index Bullish Fund	129,525	$3,602,090
JCPB	JPMorgan Core Plus Bond ETF	64,200	$2,948,706
LRGF	iShares U.S. Equity Factor ETF	57,017	$2,224,233
VXUS	Vanguard Total International Stock ETF	37,606	$1,944,982
MUB	iShares National Muni Bond ETF	13,506	$1,425,153
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	16,851	$1,210,575
FYX	First Trust Small Cap Core AlphaDEX Fund	3,494	$274,104
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

113 tracked positions · $665,739,501 total · filing declares 115 positions · $689,389,849 · as of Mar 31, 2023

All sectors Financial Services

Showing 1–50 of 113 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
DUHP	Dimensional US High Profitability ETF	NEW	2,040,981	NEW	$51,310,262	NEW	1	$24.74	7.71%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	173,594	+8,852	$35,430,535	+12.5%	13+	before history	5.32%
IYW	iShares, Inc.	Added	356,495	+1,299	$33,086,300	+25.0%	13+	before history	4.97%
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	Added	183,498	+2,069	$28,779,826	+6.7%	9	$156.08	4.32%
VEU	Vanguard International Equity Index Funds	Added	448,686	+15,824	$23,991,240	+10.5%	13+	before history	3.60%
MOAT	VanEck Morningstar Wide Moat ETF	Reduced	314,920	-10,030	$23,250,543	+10.2%	10	unpriced	3.49%
IWV	iShares Russell 3000 ETF	Added	96,020	+140	$22,604,068	+6.8%	13+	before history	3.40%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	Reduced	263,422	-8,524	$21,819,244	−8.3%	6	unpriced	3.28%
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	Added	660,410	+36,854	$20,347,232	+13.4%	13+	before history	3.06%
JPUS	JPMorgan Diversified Return U.S. Equity ETF	Added	197,903	+5,709	$18,922,099	+3.9%	13+	before history	2.84%
GSLC	Goldman Sachs ActiveBeta(R) U.S. Large Cap Equity ETF	Reduced	215,777	-8,581	$17,525,407	+2.6%	13+	before history	2.63%
TOTL	State Street(R) DoubleLine(R) Total Return Tactical ETF	Added	416,130	+27,702	$17,073,813	+9.8%	13+	before history	2.56%
BOND	PIMCO Active Bond Exchange-Traded Fund	Added	178,755	+12,225	$16,581,313	+10.0%	13+	before history	2.49%
QAI	NYLIM Hedge Multi-Strategy Tracker ETF	Added	501,438	+18,327	$14,647,003	+6.5%	13+	before history	2.20%
HTRB	Hartford Total Return Bond ETF	Reduced	373,363	-16,779	$12,694,342	−1.5%	12	$37.68	1.91%
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	Added	97,015	+33	$12,559,561	−4.7%	13+	before history	1.89%
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	Added	263,013	+6,186	$12,227,474	+10.9%	11	$41.77	1.84%
MGC	VANGUARD MORNINGSTAR MEGA CAP INDEX FUND	Added	82,035	+2,200	$11,742,489	+11.1%	11	unpriced	1.76%
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	Reduced	427,063	-9,713	$11,244,568	+3.9%	13+	before history	1.69%
VFH	VANGUARD FINANCIALS INDEX FUND	Added	123,683	+4,233	$9,633,668	−2.5%	13+	before history	1.45%
VCR	VANGUARD CONSUMER DISCRETIONARY INDEX FUND	Added	36,386	+1,778	$9,189,284	+21.2%	13+	before history	1.38%
ACWX	iShares MSCI ACWI ex U.S. ETF	Added	185,492	+743	$9,046,444	+7.6%	13+	before history	1.36%
IYG	iShares U.S. Financial Services ETF	Reduced	58,787	-52	$8,874,485	−4.2%	13+	before history	1.33%
IYC	iShares U.S. Consumer Discretionary ETF	Reduced	130,881	-560	$8,466,691	+13.1%	13+	before history	1.27%
UCON	First Trust Smith Unconstrained Bond ETF	Reduced	349,121	-14,997	$8,452,219	−3.7%	9	unpriced	1.27%
JPIB	JPMorgan International Bond Opportunities ETF	Added	155,144	+907	$7,347,619	+3.6%	13+	before history	1.10%
GCOR	Goldman Sachs Access U.S. Aggregate Bond ETF	Reduced	163,192	-3,660	$6,885,070	+0.4%	7	$48.62	1.03%
		Added	226,570	+1,585	$6,758,583	−4.9%	3	$31.15	1.02%
QEFA	State Street(R) SPDR(R) MSCI EAFE StrategicFactors(SM) ETF	Added	95,531	+4,338	$6,622,208	+13.3%	13+	before history	0.99%
JHEM	John Hancock Multifactor Emerging Markets ETF	Added	271,819	+19,236	$6,586,174	+12.4%	13+	before history	0.99%
JPIN	JPMorgan Diversified Return International Equity ETF	Added	125,018	+8,208	$6,539,691	+13.6%	13+	before history	0.98%
XLI	State Street(R) Industrial Select Sector SPDR(R) ETF	Added	62,659	+120	$6,339,837	+3.2%	12	unpriced	0.95%
VHT	VANGUARD HEALTH CARE INDEX FUND	Added	26,199	+293	$6,247,413	−2.8%	13+	before history	0.94%
DNL	WisdomTree Global ex-U.S. Quality Growth Fund	Added	171,660	+10,293	$6,088,780	+17.1%	11	unpriced	0.91%
		Added	265,275	+1,886	$5,411,610	−3.1%	3	$19.95	0.81%
FTLS	First Trust Long/Short Equity ETF	Reduced	103,923	-660	$5,280,327	+3.3%	3	$49.16	0.79%
FAAR	First Trust Alternative Absolute Return Strategy ETF	Added	159,565	+1,451	$4,739,080	+0.3%	3	$32.18	0.71%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Added	136,020	+6,798	$4,642,362	+9.0%	5	unpriced	0.70%
MNA	NYLIM Merger Arbitrage ETF	Added	146,690	+1,020	$4,639,804	+0.4%	3	$31.60	0.70%
		Added	177,422	+4,849	$4,607,649	+4.3%	3	$26.49	0.69%
		Added	186,499	+18,204	$4,237,257	+11.4%	3	$23.72	0.64%
		Reduced	141,772	-3,479	$4,179,438	−5.8%	3	$35.74	0.63%
XLF	State Street Corp Financial Services	Reduced	129,549	-3,178	$4,165,000	−8.2%	12	$29.52	0.63%
GTO	Invesco Total Return Bond ETF	Added	81,033	+34,688	$3,824,757	+77.6%	12	$50.08	0.57%
AGGY	WisdomTree Trust	Added	86,272	+700	$3,769,223	+3.3%	2	$42.50	0.57%
SGOL	abrdn Gold ETF Trust	Reduced	176,341	-15,444	$3,327,554	−0.7%	12	$17.28	0.50%
GLTR	abrdn Precious Metals Basket ETF Trust	NEW	36,004	NEW	$3,283,924	NEW	1	$88.12	0.49%
FXF	Invesco CurrencyShares Swiss Franc Trust	Reduced	32,889	-849	$3,203,059	−1.6%	13+	before history	0.48%
		Added	84,171	+19,709	$3,198,498	+25.4%	4	$41.02	0.48%
FXE	Invesco CurrencyShares Euro Trust	NEW	31,802	NEW	$3,186,242	NEW	1	$99.06	0.48%

Showing the top 50 of 113 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.