DFPG INVESTMENTS, LLC

CIK

1504665

Location

SANDY, UT

Portfolio Value

Small $717,213,708

Diversification

Diversified

Filing Date

Global Rank

#1,739 / 7,321 ▲ 81 · as of Dec 2023

Top Industry

Consumer Electronics 7.9%

3Y Alpha vs SPY

-2.5%

Period ended 2 years ago

Filed Jan 10, 2024 · 2y

16 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+66.0%

SPY

+76.5%

Annualised alpha

-2.5%

Max drawdown

−19.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

374 positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023

Top Position

7.4%

+0.5 pts

Top 5

21.0%

+2.0 pts

Top 10

31.0%

+2.1 pts

HHI

161

Diversified+14

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Technology	26.4%	$189,480,044	59
Financial Services	15.4%	$110,420,120	71
Healthcare	11.6%	$82,979,939	47
Consumer Cyclical	9.8%	$70,538,225	32
Energy	7.0%	$49,996,635	24
Consumer Defensive	7.0%	$49,948,961	30
Communication Services	6.7%	$47,891,490	11
Industrials	6.5%	$46,640,935	52
Unclassified	5.2%	$37,018,198	5
Basic Materials	1.7%	$12,304,230	13
Real Estate	1.5%	$10,517,870	16
Utilities	1.3%	$9,477,061	14

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BILL	BILL Holdings, Inc.	+86,912	100,031	$8,161,529
AAPL	Apple Inc.	+35,592	276,659	$53,265,157
AMZN	Amazon Com Inc	+25,041	201,055	$30,548,296
SOFI	SoFi Technologies, Inc.	+24,937	321,940	$3,203,303
SCHW	Schwab Charles Corp	+19,447	194,056	$13,351,052
GOOGL	Alphabet Inc.	+17,817	111,953	$15,638,714
PBR	Petrobras - Petroleo Brasileiro SA	+14,164	37,734	$602,611
MSFT	Microsoft Corp	+13,490	80,603	$30,309,952
CVS	CVS HEALTH Corp	+12,848	30,201	$2,384,670
BAC	Bank Of America Corp /De/	+12,717	124,406	$4,188,750
RTX	RTX Corp	+10,950	35,233	$2,964,504
GGAL	Grupo Financiero Galicia SA	+8,224	24,737	$427,207
PANW	Palo Alto Networks Inc	+8,153	29,488	$4,347,710
SPY	Spdr S&P 500 ETF Trust	+8,049	27,223	$12,939,364
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	+7,655	76,979	$701,278
ASX	ASE Technology Holding Co., Ltd.	+7,025	67,125	$631,646
JPM	Jpmorgan Chase & Co	+6,315	51,506	$8,761,170
DHR	Danaher Corp /De/	+6,124	8,382	$1,939,091
MUFG	Mitsubishi Ufj Financial Group Inc	+5,783	84,109	$724,178
NKE	NIKE, Inc.	+5,703	42,042	$4,564,499
CX	Cemex Sab De CV	+5,291	89,640	$694,710
V	Visa Inc.	+5,291	31,972	$8,323,910
AMGN	Amgen Inc	+4,415	10,859	$3,127,609
TSLA	Tesla, Inc.	+4,392	26,340	$6,544,963
EH	EHang Holdings Ltd	+4,205	20,073	$337,226
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
OWL	Blue Owl Capital Inc.	−210,492	391,221	$5,829,192
C	Citigroup Inc	−50,049	15,504	$797,525
PFE	Pfizer Inc	−45,377	53,539	$1,541,387
BABA	Alibaba Group Holding Ltd	−41,355	9,895	$766,961
AOD	abrdn Total Dynamic Dividend Fund	−24,495	69,774	$562,378
ET	Energy Transfer LP	−16,972	766,893	$10,583,123
CAT	Caterpillar Inc	−14,160	2,589	$765,489
GNL	Global Net Lease, Inc.	−10,509	23,021	$229,058
T	At&T Inc.	−10,366	61,029	$1,024,066
CSX	Csx Corp	−10,282	26,803	$929,260
GLW	Corning Inc /Ny	−7,129	21,649	$659,212
PM	Philip Morris International Inc.	−6,103	58,247	$5,479,877
MDLZ	Mondelez International, Inc.	−4,169	21,991	$1,592,808
F	Ford Motor Co	−4,041	56,756	$691,855
DVN	Devon Energy Corp/De	−4,018	9,202	$416,850
RMT	Royce Micro-Cap Trust, Inc.	−3,700	71,226	$658,128
NFJ	Virtus Dividend, Interest & Premium Strategy Fund	−3,600	39,574	$498,632
BRSP	BrightSpire Capital, Inc.	−3,348	25,652	$190,850
EPD	Enterprise Products Partners L.P.	−2,944	10,036	$264,448
ARCC	Ares Capital Corp	−2,887	18,926	$379,087
USB	US Bancorp De	−2,806	27,868	$1,206,127
GLD	Spdr Gold Trust	−2,759	30,679	$5,864,904
MO	Altria Group, Inc.	−2,358	65,092	$2,625,811
WFC	Wells Fargo & Company/Mn	−2,322	37,658	$1,853,526
STVN	Stevanato Group S.p.A.	−2,166	18,578	$506,993
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
OPBK	OP Bancorp	707,500	$7,747,125
VAL	Valaris Ltd	75,536	$5,179,503
VRTX	Vertex Pharmaceuticals Inc / Ma	4,347	$1,768,750
FANG	Diamondback Energy, Inc.	9,825	$1,523,661
IQV	Iqvia Holdings Inc.	5,026	$1,162,915
BIDU	Baidu, Inc.	8,753	$1,042,394
AXP	American Express Co	4,891	$916,279
EWBC	East West Bancorp Inc	11,951	$859,874
NI	Nisource Inc.	26,914	$714,566
XYZ	Block, Inc.	8,578	$663,508
LOGI	Logitech International S.A.	6,270	$596,026
HRL	Hormel Foods Corp /De/	17,856	$573,356
SPG	Simon Property Group Inc.	3,804	$542,602
IP	International Paper Co /New/	14,795	$534,839
E	Eni Spa	14,535	$494,335
VIV	Telefonica Brasil S.A.	43,731	$478,417
SMFG	Sumitomo Mitsui Financial Group, Inc.	48,206	$466,634
LEN	Lennar Corp /New/	2,118	$305,582
NVT	nVent Electric plc	5,085	$300,472
KHC	Kraft Heinz Co	7,915	$292,696
PODD	Insulet Corp	1,205	$261,460
CALX	Calix, Inc	5,885	$257,115
BLDR	Builders FirstSource, Inc.	1,530	$255,418
RGEN	Repligen Corp	1,408	$253,158
VMI	Valmont Industries Inc	1,032	$240,982
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
ILMN	Illumina, Inc.	16,604	$2,217,313
CPA	Copa Holdings, S.A.	4,797	$427,508
STM	STMicroelectronics N.V.	9,084	$392,065
USA	Liberty All Star Equity Fund	47,921	$283,692
FSCO	FS Credit Opportunities Corp.	48,264	$261,590
ADM	Archer-Daniels-Midland Co	3,376	$254,617
BTO	John Hancock Financial Opportunities Fund	9,670	$253,934
DRD	Drdgold Ltd	28,498	$236,533
HPE	Hewlett Packard Enterprise Co	12,693	$220,477
AMX	America Movil Sab De Cv/	11,246	$194,780
MPWR	Monolithic Power Systems Inc	419	$193,578
CYRX	Cryoport, Inc.	10,335	$141,692
VOD	Vodafone Group Public Ltd Co	14,013	$132,843
TSQ	Townsquare Media, Inc.	10,800	$94,176
IBKR	Interactive Brokers Group, Inc.	2,702	$58,471
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

374 positions · $717,213,708 total · as of Dec 31, 2023

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 374 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Added	276,659	+35,592	$53,265,157	+29.1%	7.43%
AMZN	Amazon Com Inc Consumer Cyclical	Added	201,055	+25,041	$30,548,296	+36.5%	4.26%
MSFT	Microsoft Corp Technology	Added	80,603	+13,490	$30,309,952	+43.0%	4.23%
AMD	Advanced Micro Devices Inc Technology	Reduced	132,272	-285	$19,498,215	+43.1%	2.72%
META	Meta Platforms, Inc. Communication Services	Added	47,576	+1,342	$16,840,000	+21.3%	2.35%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	24,499	+798	$16,171,299	+20.8%	2.25%
GOOGL	Alphabet Inc. Communication Services	Added	111,953	+17,817	$15,638,714	+27.0%	2.18%
QQQ	Invesco Qqq Trust, Series 1	Added	33,105	+3,233	$13,557,159	+26.7%	1.89%
SCHW	Schwab Charles Corp Financial Services	Added	194,056	+19,447	$13,351,052	+39.3%	1.86%
SPY	Spdr S&P 500 ETF Trust	Added	27,223	+8,049	$12,939,364	+57.9%	1.80%
ET	Energy Transfer LP Energy	Reduced	766,893	-16,972	$10,583,123	−3.8%	1.48%
OXY	Occidental Petroleum Corp /De/ Energy	Added	174,472	+569	$10,417,723	−7.7%	1.45%
ZTS	Zoetis Inc. Healthcare	Reduced	48,248	-235	$9,522,707	+12.9%	1.33%
JNJ	Johnson & Johnson Healthcare	Reduced	56,363	-15	$8,834,336	+0.6%	1.23%
JPM	Jpmorgan Chase & Co Financial Services	Added	51,506	+6,315	$8,761,170	+33.7%	1.22%
V	Visa Inc. Financial Services	Added	31,972	+5,291	$8,323,910	+35.6%	1.16%
BILL	BILL Holdings, Inc. Technology	Added	100,031	+86,912	$8,161,529	+473.0%	1.14%
OPBK	OP Bancorp Financial Services	NEW	707,500	NEW	$7,747,125	NEW	1.08%
TSLA	Tesla, Inc. Consumer Cyclical	Added	26,340	+4,392	$6,544,963	+19.2%	0.91%
CVX	Chevron Corp Energy	Reduced	42,787	-169	$6,382,108	−11.9%	0.89%
HQY	Healthequity, Inc. Healthcare	Reduced	96,102	-1,060	$6,371,562	−10.2%	0.89%
SNOW	Snowflake Inc. Technology	Added	29,902	+201	$5,950,498	+31.1%	0.83%
LMT	Lockheed Martin Corp Industrials	Added	13,108	+1,934	$5,941,069	+30.0%	0.83%
QCOM	Qualcomm Inc/De Technology	Added	40,624	+1,304	$5,875,449	+34.5%	0.82%
GLD	Spdr Gold Trust	Reduced	30,679	-2,759	$5,864,904	+2.3%	0.82%
OWL	Blue Owl Capital Inc. Financial Services	Reduced	391,221	-210,492	$5,829,192	−25.2%	0.81%
UNH	Unitedhealth Group Inc Healthcare	Added	10,656	+180	$5,610,064	+6.2%	0.78%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	58,247	-6,103	$5,479,877	−8.0%	0.76%
CRM	Salesforce, Inc. Technology	Added	20,561	+31	$5,410,421	+30.0%	0.75%
VZ	Verizon Communications Inc Communication Services	Added	142,497	+2,522	$5,372,136	+18.4%	0.75%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	38,201	-108	$5,286,636	+22.2%	0.74%
ADBE	Adobe Inc. Technology	Added	8,711	+336	$5,196,982	+21.7%	0.72%
VAL	Valaris Ltd Energy	NEW	75,536	NEW	$5,179,503	NEW	0.72%
CSCO	Cisco Systems, Inc. Technology	Reduced	100,551	-1,948	$5,079,836	−7.8%	0.71%
ACN	Accenture plc Technology	Added	13,875	+333	$4,868,876	+17.1%	0.68%
ABBV	AbbVie Inc. Healthcare	Added	31,219	+629	$4,838,008	+6.1%	0.67%
NKE	NIKE, Inc. Consumer Cyclical	Added	42,042	+5,703	$4,564,499	+31.4%	0.64%
MA	Mastercard Inc Financial Services	Added	10,462	+311	$4,462,147	+11.0%	0.62%
XOM	Exxon Mobil Corp Energy	Reduced	44,265	-1,817	$4,425,614	−18.3%	0.62%
MDT	Medtronic plc Healthcare	Added	53,045	+142	$4,369,847	+5.4%	0.61%
IAU	Ishares Gold Trust	Reduced	111,400	-1,057	$4,347,942	+10.5%	0.61%
PANW	Palo Alto Networks Inc Technology	Added	29,488	+8,153	$4,347,710	+73.8%	0.61%
BAC	Bank Of America Corp /De/ Financial Services	Added	124,406	+12,717	$4,188,750	+37.0%	0.58%
NVDA	Nvidia Corp Technology	Added	81,195	+2,924	$4,020,938	+18.1%	0.56%
UPS	United Parcel Service Inc Industrials	Added	25,270	+69	$3,973,202	+1.1%	0.55%
BX	Blackstone Inc. Financial Services	Added	30,322	+1,107	$3,969,756	+26.8%	0.55%
MCD	Mcdonalds Corp Consumer Cyclical	Added	13,190	+259	$3,910,966	+14.8%	0.55%
IBM	International Business Machines Corp Technology	Added	23,523	+357	$3,847,186	+18.4%	0.54%
PEP	Pepsico Inc Consumer Defensive	Added	22,600	+383	$3,838,384	+2.0%	0.54%
ABNB	Airbnb, Inc. Consumer Cyclical	Added	27,284	+829	$3,714,443	+2.3%	0.52%