Must Asset Management Inc.
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Sep 30, 2023, never from the firm's own description.
Closest benchmark: the Nasdaq-100 as of 2023-09-30, active share 91.4%; sector active share 60.2% against the combined 13F book's sector weights.
Over time 12 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 backtestPortfolio Concentration
19 tracked positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023Portfolio Trend
Sector Breakdown
As of Sep 30, 2023| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 36.2% | $14,401,347 |
| Consumer Cyclical | 27.3% | $10,887,545 |
| Healthcare | 22.8% | $9,064,240 |
| Technology | 7.4% | $2,958,383 |
| Financial Services | 5.1% | $2,031,904 |
| Unclassified | 1.2% | $479,425 |
Last Quarter's Activity
Export CSVNew Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TMDX | TransMedics Group, Inc. | 94,202 | $5,157,559 | |
| STNG | Scorpio Tankers Inc. | 77,060 | $4,170,487 | |
| TDW | Tidewater Inc | 52,804 | $3,752,780 | |
| HIMS | Hims & Hers Health, Inc. | 259,105 | $1,629,770 | |
| NVDA | Nvidia Corp | 3,291 | $1,431,552 | |
| AMZN | Amazon Com Inc | 7,825 | $994,714 | |
| VAL | Valaris Ltd | 10,734 | $804,835 | |
| NOW | ServiceNow, Inc. | 929 | $519,273 | |
| — | 11,638 | $440,498 | ||
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| FRO | Frontline plc | 75,364 | $1,095,038 | |
| CMBT | Cmb.Tech NV | 53,154 | $809,003 | |
| — | 6,882 | $571,756 | ||
| GE | General Electric Co | 4,103 | $450,714 | |
| GRVY | GRAVITY Co., Ltd. | 5,344 | $375,095 | |
| BWEN | Broadwind, Inc. | 82,800 | $316,296 | |
| HALO | Halozyme Therapeutics, Inc. | 6,198 | $223,561 | |
| MRNA | Moderna, Inc. | 1,715 | $208,372 | |
| HEPS | D-MARKET Electronic Services & Trading | 57,225 | $96,138 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SE |
Sea Ltd
Consumer Cyclical
|
Reduced | 184,389 | $8,103,896 | 20.35% | |
| NE |
Noble Corp plc
Energy
|
Held | 102,002 | $5,166,401 | 12.97% | |
| TMDX |
TransMedics Group, Inc.
Healthcare
|
NEW | 94,202 | $5,157,559 | 12.95% | |
| STNG |
Scorpio Tankers Inc.
Energy
|
NEW | 77,060 | $4,170,487 | 10.47% | |
| TDW |
Tidewater Inc
Energy
|
NEW | 52,804 | $3,752,780 | 9.42% | |
| SOFI |
SoFi Technologies, Inc.
Financial Services
|
Held | 254,306 | $2,031,904 | 5.10% | |
| CVNA |
Carvana Co.
Consumer Cyclical
|
Added | 42,614 | $1,788,935 | 4.49% | |
| HIMS |
Hims & Hers Health, Inc.
Healthcare
|
NEW | 259,105 | $1,629,770 | 4.09% | |
| NVDA |
Nvidia Corp
Technology
|
NEW | 3,291 | $1,431,552 | 3.59% | |
| INMD |
InMode Ltd.
Healthcare
|
Reduced | 42,623 | $1,298,296 | 3.26% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 3,191 | $1,007,558 | 2.53% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
NEW | 7,825 | $994,714 | 2.50% | |
| VAL |
Valaris Ltd
Energy
|
NEW | 10,734 | $804,835 | 2.02% | |
| NVO |
Novo Nordisk A S
Healthcare
|
Added | 6,636 | $603,477 | 1.52% | |
| NOW |
ServiceNow, Inc.
Technology
|
NEW | 929 | $519,273 | 1.30% | |
| RIG |
Transocean Ltd.
Energy
|
Held | 61,735 | $506,844 | 1.27% | |
|
|
NEW | 11,638 | $440,498 | 1.11% | ||
| PGNY |
Progyny, Inc.
Healthcare
|
Reduced | 11,027 | $375,138 | 0.94% | |
|
|
Reduced | 21,507 | $38,927 | 0.10% |
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.