Shone Asset Management LLC

CIK

1727270

Location

WALNUT CREEK, CA

Portfolio Value

Small $102,038,420

Diversification

Moderately concentrated

Filing Date

Global Rank

#5,151 / 6,028 ▼ 349 · as of Dec 2020

Top Industry

Tobacco 34.1%

Period ended 5 years ago

Filed Jan 20, 2021 · 5y

4 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, 2020, never from the firm's own description.

Style

Concentrated

The top 10 positions are 94.6% 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 3.8 quarters, but 92.9% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 91.7%; sector active share 65.8% against the combined 13F book's sector weights.

Over time 4 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

41 tracked positions · as of Dec 31, 2020 · Δ vs Sep 30, 2020

Top Position

30.9%

−3.5 pts

Top 5

84.4%

−5.2 pts

Top 10

94.6%

−2.3 pts

HHI

2,011

Moderately concentrated−311

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2020

Sector	% Portfolio	Value	Positions
Unclassified	88.0%	$89,744,875	25
Consumer Defensive	5.7%	$5,837,817	4
Technology	4.1%	$4,161,851	4
Consumer Cyclical	0.8%	$797,706	3
Healthcare	0.7%	$722,374	2
Communication Services	0.5%	$525,101	2
Financial Services	0.2%	$248,696	1

Last Quarter's Activity

Export CSV

Dec 31, 2020 vs Sep 30, 2020

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
IVW	iShares S&P 500 Growth ETF	+63,393	84,499	$0
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	+17,620	238,336	$8,196,375
IQDF	FlexShares International Quality Dividend Index Fund	+8,397	359,889	$8,694,918
QDF	FlexShares Quality Dividend Index Fund	+6,794	172,897	$8,548,027
AVUV	Avantis U.S. Small Cap Value ETF	+6,502	167,726	$9,533,545
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	+6,137	359,969	$19,902,686
VIGI	Vanguard Whitehall Funds	+4,841	101,898	$8,293,478
HYGV	FlexShares High Yield Value - Scored Bond Index Fund	+2,629	138,826	$6,819,271
AVEM	Avantis Emerging Markets Equity ETF	+2,613	44,061	$2,721,868
ISTB	iShares Core 1-5 Year USD Bond ETF	+728	40,336	$0
JNJ	Johnson & Johnson	+126	1,749	$275,257
IEMG	iShares Trust	+60	13,739	$0
IVE	iShares S&P 500 Value ETF	+54	10,559	$0
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	+15	5,083	$423,159
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
RAVI	FlexShares Ultra-Short Income Fund	−2,306	97,761	$7,456,231
IWF	iShares Russell 1000 Growth ETF	−1,106	30,010	$0
VUG	VANGUARD GROWTH INDEX FUND	−918	21,089	$5,342,683
IWD	iShares Russell 1000 Value ETF	−597	17,906	$0
SCHX	Schwab U.S. Large-Cap ETF	−217	17,817	$1,620,452
IJR	iShares Core S&P Small-Cap ETF	−107	22,946	$0
SCHA	Schwab U.S. Small-Cap ETF	−92	3,848	$342,472
SLYV	State Street(R) SPDR(R) S & P 600(TM) Small Cap Value ETF	−49	9,706	$642,440
IVV	iShares Core S&P 500 ETF	−31	12,821	$0
IJH	iShares Core S&P Mid-Cap ETF	−6	6,602	$0
AAPL	Apple Inc.	−2	21,676	$2,876,188
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
PM	Philip Morris International Inc.	33,979	$2,813,121
MO	Altria Group, Inc.	33,775	$1,384,775
MDLZ	Mondelez International, Inc.	23,484	$1,373,109
KHC	Kraft Heinz Co	7,698	$266,812
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	4,276	$214,270
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

41 tracked positions · $102,038,420 total · filing declares 41 positions · $128,715,000 · as of Dec 31, 2020

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Added	359,969	+6,137	$19,902,686	+12.3%	4+	before history	19.51%
AVUV	Avantis U.S. Small Cap Value ETF	Added	167,726	+6,502	$9,533,545	+38.1%	4+	before history	9.34%
IQDF	FlexShares International Quality Dividend Index Fund	Added	359,889	+8,397	$8,694,918	+19.6%	4+	before history	8.52%
QDF	FlexShares Quality Dividend Index Fund	Added	172,897	+6,794	$8,548,027	+15.3%	4+	before history	8.38%
VIGI	Vanguard Whitehall Funds	Added	101,898	+4,841	$8,293,478	+18.7%	4+	before history	8.13%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Added	238,336	+17,620	$8,196,375	+23.0%	4+	before history	8.03%
RAVI	FlexShares Ultra-Short Income Fund	Reduced	97,761	-2,306	$7,456,231	−2.4%	4+	before history	7.31%
HYGV	FlexShares High Yield Value - Scored Bond Index Fund	Added	138,826	+2,629	$6,819,271	+7.7%	4+	before history	6.68%
VUG	VANGUARD GROWTH INDEX FUND	Reduced	21,089	-918	$5,342,683	+6.7%	4+	before history	5.24%
AAPL	Apple Inc. Technology	Reduced	21,676	-2	$2,876,188	+14.6%	4+	before history	2.82%
PM	Philip Morris International Inc. Consumer Defensive	NEW	33,979	NEW	$2,813,121	NEW	1	$77.85	2.76%
AVEM	Avantis Emerging Markets Equity ETF	Added	44,061	+2,613	$2,721,868	+26.9%	4+	before history	2.67%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	17,817	-217	$1,620,452	+11.4%	4+	before history	1.59%
MO	Altria Group, Inc. Consumer Defensive	NEW	33,775	NEW	$1,384,775	NEW	1	$40.15	1.36%
MDLZ	Mondelez International, Inc. Consumer Defensive	NEW	23,484	NEW	$1,373,109	NEW	1	$57.15	1.35%
		Held	2,564	0	$993,000	+41.7%	4+	before history	0.97%
MSFT	Microsoft Corp Technology	Held	3,366	0	$748,665	+5.7%	4+	before history	0.73%
SLYV	State Street(R) SPDR(R) S & P 600(TM) Small Cap Value ETF	Reduced	9,706	-49	$642,440	+31.5%	4+	before history	0.63%
UNH	Unitedhealth Group Inc Healthcare	Held	1,275	0	$447,117	+12.5%	4+	before history	0.44%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	Added	5,083	+15	$423,159	+0.8%	4+	before history	0.41%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	3,848	-92	$342,472	+27.2%	4+	before history	0.34%
SBUX	Starbucks Corp Consumer Cyclical	Held	3,037	0	$324,898	+24.5%	4+	before history	0.32%
GOOG	Alphabet Inc. Communication Services	Held	169	0	$292,000	+11.0%	4+	before history	0.29%
ADBE	Adobe Inc. Technology	Held	561	0	$280,567	+2.0%	3	$370.53	0.27%
JNJ	Johnson & Johnson Healthcare	Added	1,749	+126	$275,257	+13.9%	4+	before history	0.27%
KHC	Kraft Heinz Co Consumer Defensive	NEW	7,698	NEW	$266,812	NEW	1	$32.46	0.26%
ORCL	Oracle Corp Technology	Held	3,964	0	$256,431	+8.4%	4+	before history	0.25%
V	Visa Inc. Financial Services	Held	1,137	0	$248,696	+9.4%	3	$182.69	0.24%
HD	Home Depot, Inc. Consumer Cyclical	Held	893	0	$237,198	−4.4%	3	$229.19	0.23%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Held	4,127	0	$235,610	+7.8%	3	$47.16	0.23%
GOOGL	Alphabet Inc. Communication Services	Held	133	0	$233,101	+19.6%	3	$1,348.49	0.23%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	NEW	4,276	NEW	$214,270	NEW	1	$46.98	0.21%
IEMG	iShares Trust	Added	13,739	+60	$0	—	4+	before history	0.00%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	6,602	-6	$0	—	4+	before history	0.00%
IJR	iShares Core S&P Small-Cap ETF	Reduced	22,946	-107	$0	—	4+	before history	0.00%
ISTB	iShares Core 1-5 Year USD Bond ETF	Added	40,336	+728	$0	—	4+	before history	0.00%
IVE	iShares S&P 500 Value ETF	Added	10,559	+54	$0	—	4+	before history	0.00%
IVV	iShares Core S&P 500 ETF	Reduced	12,821	-31	$0	—	4+	before history	0.00%
IVW	iShares S&P 500 Growth ETF	Added	84,499	+63,393	$0	—	4+	before history	0.00%
IWD	iShares Russell 1000 Value ETF	Reduced	17,906	-597	$0	—	4+	before history	0.00%
IWF	iShares Russell 1000 Growth ETF	Reduced	30,010	-1,106	$0	—	4+	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.