DFPG INVESTMENTS, LLC

CIK

1504665

Location

SANDY, UT

Portfolio Value

Small $720,452,498

Diversification

Diversified

Filing Date

Global Rank

#1,731 / 7,318 ▲ 78

Top Industry

Consumer Electronics 7.8%

3Y Alpha vs SPY

-3.4%

Period ended 2 years ago

Filed Jan 10, 2024 · 2y

16 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+63.7%

SPY

+78.1%

Annualised alpha

-3.4%

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%

+0.4 pts

Top 5

20.9%

+2.0 pts

Top 10

30.8%

+2.0 pts

HHI

160

Diversified+13

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Technology	26.6%	$191,503,893	59
Financial Services	15.3%	$110,418,026	71
Healthcare	11.5%	$82,979,939	47
Consumer Cyclical	10.0%	$71,760,738	32
Energy	6.9%	$49,996,635	24
Consumer Defensive	6.9%	$49,948,961	30
Communication Services	6.6%	$47,891,490	11
Industrials	6.5%	$46,624,722	52
Unclassified	5.1%	$37,018,198	5
Basic Materials	1.7%	$12,314,965	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
BKNG	Booking Holdings Inc.	359	$1,273,451
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
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 · $720,452,498 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 51–100 of 374 positions by value · page 2 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AFRM	Affirm Holdings, Inc. Financial Services	Held	75,010	0	$3,685,991	+131.0%	0.51%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	24,892	+424	$3,647,673	+2.2%	0.51%
KO	Coca Cola Co Consumer Defensive	Added	60,542	+895	$3,567,740	+6.8%	0.50%
LLY	ELI LILLY & Co Healthcare	Added	6,088	+55	$3,548,816	+9.5%	0.49%
GS	Goldman Sachs Group Inc Financial Services	Reduced	9,187	-54	$3,544,068	+18.5%	0.49%
DIS	Walt Disney Co Communication Services	Reduced	38,723	-954	$3,496,299	+8.7%	0.49%
ESS	Essex Property Trust, Inc. Real Estate	Added	13,775	+854	$3,415,373	+24.6%	0.47%
PYPL	PayPal Holdings, Inc. Financial Services	Added	55,031	+818	$3,379,453	+6.6%	0.47%
SOFI	SoFi Technologies, Inc. Financial Services	Added	321,940	+24,937	$3,203,303	+35.0%	0.44%
MC	Moelis & Co Financial Services	Added	57,004	+2,004	$3,199,634	+28.9%	0.44%
AMGN	Amgen Inc Healthcare	Added	10,859	+4,415	$3,127,609	+80.6%	0.43%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	8,953	-211	$3,102,662	+12.1%	0.43%
NVO	Novo Nordisk A S Healthcare	Added	29,246	+3,064	$3,025,498	+27.1%	0.42%
ATO	Atmos Energy Corp Utilities	Added	25,844	+1,640	$2,995,319	+16.8%	0.42%
RTX	RTX Corp Industrials	Added	35,233	+10,950	$2,964,504	+69.6%	0.41%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	8,214	-860	$2,929,605	−7.8%	0.41%
INTU	Intuit Inc. Technology	Added	4,596	+193	$2,872,637	+27.7%	0.40%
UNP	Union Pacific Corp Industrials	Added	11,535	+100	$2,833,226	+21.7%	0.39%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	10,132	+240	$2,774,141	−1.0%	0.39%
CMCSA	Comcast Corp Communication Services	Added	65,314	+3,202	$2,684,176	+4.0%	0.37%
MO	Altria Group, Inc. Consumer Defensive	Reduced	65,092	-2,358	$2,625,811	−7.4%	0.36%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	11,411	-293	$2,539,518	+4.4%	0.35%
SM	SM Energy Co Energy	Reduced	62,801	-91	$2,431,654	−2.5%	0.34%
CVS	CVS HEALTH Corp Healthcare	Added	30,201	+12,848	$2,384,670	+96.8%	0.33%
ADP	Automatic Data Processing Inc Technology	Added	10,134	+326	$2,360,917	+0.1%	0.33%
OBDC	Blue Owl Capital Corp Financial Services	Held	159,473	0	$2,353,821	+6.6%	0.33%
MRK	Merck & Co., Inc. Healthcare	Added	20,757	+569	$2,262,928	+8.9%	0.31%
ISRG	Intuitive Surgical Inc Healthcare	Added	6,694	+448	$2,258,287	+23.7%	0.31%
CI	Cigna Group Healthcare	Added	7,160	+3,430	$2,144,062	+100.9%	0.30%
ABT	Abbott Laboratories Healthcare	Reduced	19,418	-308	$2,137,339	+11.9%	0.30%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	3,917	-59	$2,079,104	+3.3%	0.29%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	7,815	+478	$1,995,325	+62.5%	0.28%
BXSL	Blackstone Secured Lending Fund Financial Services	Added	71,126	+2,013	$1,965,922	+4.0%	0.27%
DHR	Danaher Corp /De/ Healthcare	Added	8,382	+6,124	$1,939,091	+290.4%	0.27%
EW	Edwards Lifesciences Corp Healthcare	Added	25,018	+1,738	$1,907,622	+18.3%	0.26%
LIN	Linde PLC Basic Materials	Added	4,586	+2,506	$1,883,516	+143.2%	0.26%
ORCL	Oracle Corp Technology	Reduced	17,664	-1,674	$1,862,315	−9.1%	0.26%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	37,658	-2,322	$1,853,526	+13.5%	0.26%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	NEW	4,347	NEW	$1,768,750	NEW	0.25%
DE	Deere & Co Industrials	Added	4,379	+8	$1,751,030	+6.2%	0.24%
WM	Waste Management Inc Industrials	Added	9,297	+66	$1,665,092	+18.3%	0.23%
POOL	Pool Corp Industrials	Added	4,086	+187	$1,629,129	+17.3%	0.23%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	21,991	-4,169	$1,592,808	−12.3%	0.22%
PFE	Pfizer Inc Healthcare	Reduced	53,539	-45,377	$1,541,387	−53.0%	0.21%
FANG	Diamondback Energy, Inc. Energy	NEW	9,825	NEW	$1,523,661	NEW	0.21%
SAP	Sap SE Technology	Added	9,686	+1,264	$1,497,358	+37.5%	0.21%
MCHP	Microchip Technology Inc Technology	Added	16,367	+2,135	$1,475,976	+32.9%	0.20%
INTC	Intel Corp Technology	Added	28,131	+645	$1,413,582	+44.7%	0.20%
HUM	Humana Inc Healthcare	Added	3,033	+1,378	$1,388,537	+72.4%	0.19%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	6,949	-41	$1,316,627	−1.0%	0.18%