Filament LLC

CIK

1550228

Location

SEATTLE, WA

Portfolio Value

Small $355,008,814

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,519 / 5,416 ▲ 131 · as of Sep 2020

Top Industry

Internet Content & Information 58.9%

Period ended 6 years ago

Filed Nov 5, 2020 · 6y

3 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 Sep 30, 2020, never from the firm's own description.

Style

Concentrated

The top 10 positions are 96.1% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Horizon unknown

The value-weighted holding period is at least 2.9 quarters, but 94.8% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 95.5%; sector active share 45.9% against the combined 13F book's sector weights.

Over time 3 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.

View clone backtest

Portfolio Concentration

34 tracked positions · as of Sep 30, 2020 · Δ vs Jun 30, 2020

Top Position

33.7%

−4.3 pts

Top 5

87.9%

−0.4 pts

Top 10

96.1%

−0.1 pts

HHI

2,331

Moderately concentrated−364

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2020

Sector	% Portfolio	Value	Positions
Unclassified	71.8%	$254,803,196	19
Communication Services	16.6%	$58,973,112	4
Technology	5.6%	$19,739,986	3
Financial Services	4.6%	$16,381,699	1
Consumer Cyclical	0.8%	$2,762,953	3
Healthcare	0.6%	$2,222,668	1
Basic Materials	0.0%	$125,200	3

Last Quarter's Activity

Export CSV

Sep 30, 2020 vs Jun 30, 2020

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
VEU	Vanguard International Equity Index Funds	+2,742	1,822,653	$91,952,843
VNQ	VANGUARD REAL ESTATE INDEX FUND	+2,049	51,357	$4,055,148
TSLA	Tesla, Inc.	+1,398	1,750	$750,767
VNQI	VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND	+477	54,896	$2,668,494
Z	Zillow Group, Inc.	+60	366,022	$37,184,174
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
DBC	Invesco DB Commodity Index Tracking Fund	−6,137	301,578	$3,938,608
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−4,372	615,568	$104,837,386
SNAP	Snap Inc	−2,127	16,157	$421,859
MSFT	Microsoft Corp	−1,196	30,026	$6,315,368
GUNR	FlexShares Morningstar Global Upstream Natural Resources Index Fund	−253	50,608	$1,404,878
BABA	Alibaba Group Holding Ltd	−48	1,500	$440,970
LLY	ELI LILLY & Co	−20	15,016	$2,222,668
GOOGL	Alphabet Inc.	−17	201	$294,585
ZG	Zillow Group, Inc.	−17	207,529	$21,072,494
DOCU	Docusign, Inc.	−11	58,466	$12,584,221
AMZN	Amazon Com Inc	−10	499	$1,571,216
VEA	Vanguard FTSE Developed Markets ETF	−1	174,034	$7,117,990
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−1	88,185	$7,779,680
EFA	iShares MSCI EAFE ETF	−1	96,549	$0
IAU	Ishares Gold Trust	−1	128,151	$2,305,436
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−1	575,947	$24,903,948
IWB	iShares Russell 1000 ETF	−1	15,777	$0
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
PHYS	Sprott Physical Gold Trust	1,088,485	$16,381,699
AMD	Advanced Micro Devices Inc	10,250	$840,397
HL	Hecla Mining Co	10,000	$50,800
—		10,000	$39,300
EXK	Endeavour Silver Corp	10,000	$35,100
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
UBER	Uber Technologies, Inc	31,862	$990,270
—		6,764	$573,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

34 tracked positions · $355,008,814 total · filing declares 35 positions · $369,325,000 · as of Sep 30, 2020

All sectors Basic Materials Communication Services Consumer Cyclical Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	615,568	-4,372	$104,837,386	+8.0%	3+	before history	29.53%
VEU	Vanguard International Equity Index Funds	Added	1,822,653	+2,742	$91,952,843	+6.1%	3+	before history	25.90%
Z	Zillow Group, Inc. Communication Services	Added	366,022	+60	$37,184,174	+76.4%	3+	before history	10.47%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	575,947	-1	$24,903,948	+9.2%	3+	before history	7.02%
ZG	Zillow Group, Inc. Communication Services	Reduced	207,529	-17	$21,072,494	+76.6%	3+	before history	5.94%
PHYS	Sprott Physical Gold Trust Financial Services	NEW	1,088,485	NEW	$16,381,699	NEW	1	$15.27	4.61%
DOCU	Docusign, Inc. Technology	Reduced	58,466	-11	$12,584,221	+25.0%	3+	before history	3.54%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Reduced	88,185	-1	$7,779,680	−0.1%	3+	before history	2.19%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	174,034	-1	$7,117,990	+5.4%	3+	before history	2.01%
MSFT	Microsoft Corp Technology	Reduced	30,026	-1,196	$6,315,368	−0.6%	3+	before history	1.78%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	51,357	+2,049	$4,055,148	+4.7%	3+	before history	1.14%
DBC	Invesco DB Commodity Index Tracking Fund	Reduced	301,578	-6,137	$3,938,608	+4.0%	3+	before history	1.11%
VNQI	VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND	Added	54,896	+477	$2,668,494	+5.1%	3+	before history	0.75%
IAU	Ishares Gold Trust	Reduced	128,151	-1	$2,305,436	+5.9%	3+	before history	0.65%
LLY	ELI LILLY & Co Healthcare	Reduced	15,016	-20	$2,222,668	−10.0%	3+	before history	0.63%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	499	-10	$1,571,216	+11.9%	3+	before history	0.44%
VXUS	Vanguard Total International Stock ETF	Held	29,635	0	$1,546,057	+6.1%	3+	before history	0.44%
EEM	iShares MSCI Emerging Markets ETF	Held	33,950	0	$1,496,855	+10.3%	3+	before history	0.42%
GUNR	FlexShares Morningstar Global Upstream Natural Resources Index Fund	Reduced	50,608	-253	$1,404,878	−0.1%	3+	before history	0.40%
AMD	Advanced Micro Devices Inc Technology	NEW	10,250	NEW	$840,397	NEW	1	$74.25	0.24%
TSLA	Tesla, Inc. Consumer Cyclical	Added	1,750	+1,398	$750,767	+97.5%	2	$162.29	0.21%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	1,500	-48	$440,970	+32.1%	3+	before history	0.12%
SNAP	Snap Inc Communication Services	Reduced	16,157	-2,127	$421,859	−1.8%	3+	before history	0.12%
VTV	VANGUARD VALUE INDEX FUND	Held	3,219	0	$336,417	+4.9%	3+	before history	0.09%
GOOGL	Alphabet Inc. Communication Services	Reduced	201	-17	$294,585	−4.7%	3+	before history	0.08%
GLD	Spdr Gold Trust	Held	1,460	0	$258,595	+5.8%	3+	before history	0.07%
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	Held	1,970	0	$200,861	+0.3%	2	$100.74	0.06%
HL	Hecla Mining Co Basic Materials	NEW	10,000	NEW	$50,800	NEW	1	$5.29	0.01%
		NEW	10,000	NEW	$39,300	NEW	1	$4.06	0.01%
EXK	Endeavour Silver Corp Basic Materials	NEW	10,000	NEW	$35,100	NEW	1	$3.70	0.01%
AGG	iShares Core U.S. Aggregate Bond ETF	Held	4,367	0	$0	—	3+	before history	0.00%
EFA	iShares MSCI EAFE ETF	Reduced	96,549	-1	$0	—	3+	before history	0.00%
IWB	iShares Russell 1000 ETF	Reduced	15,777	-1	$0	—	3+	before history	0.00%
IWV	iShares Russell 3000 ETF	Held	23,469	0	$0	—	3+	before history	0.00%

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.