Karn, Couzens & Associates, Inc.

CIK

1842433

Location

FARMINGTON, CT

Portfolio Value

Small $148,883,872

Diversification

Highly concentrated

Filing Date

Global Rank

#5,364 / 6,901 ▲ 315 · as of Mar 2022

Top Industry

Consumer Electronics 31.7%

Period ended 4 years ago

Filed Apr 19, 2022 · 4y

6 quarters · since Dec 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 Mar 31, 2022, never from the firm's own description.

Style

Concentrated

The top 10 positions are 91.4% of the book (60%+)

Turnover

Low turnover

8.8% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 5.3 quarters (4 to under 12)

Closest benchmark: the S&P 500 as of 2022-03-31, active share 84.8%; sector active share 61.8% against the combined 13F book's sector weights.

Over time 6 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

84 tracked positions · as of Mar 31, 2022 · Δ vs Dec 31, 2021

Top Position

56.6%

−5.6 pts

Top 5

83.0%

−3.4 pts

Top 10

91.4%

−1.1 pts

HHI

3,404

Highly concentrated−639

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2022

Sector	% Portfolio	Value	Positions
Unclassified	83.8%	$124,717,094	58
Technology	6.3%	$9,313,258	3
Consumer Cyclical	3.9%	$5,780,111	4
Financial Services	2.1%	$3,104,162	2
Communication Services	1.6%	$2,313,006	6
Industrials	0.9%	$1,383,634	4
Healthcare	0.9%	$1,365,094	4
Energy	0.3%	$483,729	1
Utilities	0.2%	$223,431	1
Consumer Defensive	0.1%	$200,353	1

Last Quarter's Activity

Export CSV

Mar 31, 2022 vs Dec 31, 2021

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MUNI	PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund	+34,305	38,905	$2,061,965
MEAR	iShares Trust	+7,862	75,055	$0
MUB	iShares National Muni Bond ETF	+6,879	13,497	$1,479,811
TIP	iShares TIPS Bond ETF	+4,822	9,717	$1,210,446
SHV	iShares 0-1 Year Treasury Bond ETF	+4,570	28,515	$3,143,778
FALN	iShares Fallen Angels USD Bond ETF	+2,928	10,422	$289,314
FLOT	iShares Floating Rate Bond ETF	+2,587	9,822	$496,207
RSP	Victory Portfolios II	+2,497	5,484	$864,881
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	+2,425	14,902	$596,825
—		+2,312	63,257	$10,479,154
ESGU	iShares ESG Aware MSCI USA ETF	+2,217	24,696	$2,502,939
IUSB	iShares Core Universal USD Bond ETF	+1,056	13,329	$661,518
IEFA	iShares Core MSCI EAFE ETF	+948	25,917	$1,801,490
IYG	iShares U.S. Financial Services ETF	+750	6,468	$1,166,374
EFV	iShares MSCI EAFE Value ETF	+584	14,962	$751,990
SMMD	iShares Russell 2500 ETF	+488	4,362	$272,101
DVY	iShares Select Dividend ETF	+480	2,445	$313,277
IJR	iShares Core S&P Small-Cap ETF	+423	5,133	$553,748
EFA	iShares MSCI EAFE ETF	+405	3,032	$223,155
—		+343	6,473	$138,379
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	+272	2,590	$313,234
IXG	iShares Global Financials ETF	+121	2,837	$225,399
EFG	iShares MSCI EAFE Growth ETF	+110	9,192	$884,913
VLUE	iShares MSCI USA Value Factor ETF	+109	4,346	$454,461
IYH	iShares U.S. Healthcare ETF	+50	4,018	$1,160,358
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SHY	iShares 1-3 Year Treasury Bond ETF	−14,249	87,832	$7,320,797
NEAR	iShares Short Duration Bond Active ETF	−4,333	23,099	$1,145,017
PFF	iShares Preferred and Income Securities ETF	−4,041	18,820	$685,424
T	At&T Inc.	−2,540	22,868	$540,369
IYW	iShares, Inc.	−1,960	13,167	$1,356,727
IYE	iShares U.S. Energy ETF	−1,752	33,959	$1,389,602
USMV	iShares MSCI USA Min Vol Factor ETF	−1,551	61,962	$4,806,392
USXF	iShares ESG Advanced MSCI USA ETF	−482	5,926	$211,498
DUK	Duke Energy CORP	−481	2,001	$223,431
ITOT	iShares Core S&P Total U.S. Stock Market ETF	−465	20,530	$2,072,298
EFAV	iShares MSCI EAFE Min Vol Factor ETF	−303	17,215	$1,241,890
GOVT	iShares U.S. Treasury Bond ETF	−206	21,146	$526,746
IWR	iShares Russell Mid-Cap ETF	−205	4,641	$362,183
DSI	iShares ESG MSCI KLD 400 ETF	−184	3,285	$284,546
DIS	Walt Disney Co	−149	4,522	$620,237
VZ	Verizon Communications Inc	−145	8,008	$407,927
BRK-B	Berkshire Hathaway Inc	−133	7,797	$2,751,639
VIG	Vanguard Specialized Funds	−83	58,677	$9,515,062
AMGN	Amgen Inc	−70	1,234	$298,405
IWF	iShares Russell 1000 Growth ETF	−67	7,233	$2,008,097
ESGE	iShares Trust	−42	12,054	$0
IEMG	iShares Trust	−40	5,415	$0
IVV	iShares Core S&P 500 ETF	−29	76,404	$34,663,730
IXN	iShares Global Tech ETF	−14	8,777	$509,153
IWV	iShares Russell 3000 ETF	−5	31,361	$8,228,185
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	96,342	$9,649,614
ITM	VanEck Intermediate Muni ETF	41,165	$1,947,927
INMU		22,053	$533,726
SUB	iShares Short-Term National Muni Bond ETF	4,156	$434,717
—		5,800	$403,970
DGRO	iShares Core Dividend Growth ETF	5,479	$292,633
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	1,118	$254,535
ESGD	iShares ESG Aware MSCI EAFE ETF	3,130	$230,774
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
FMB	First Trust Managed Municipal ETF	6,059	$345,241
FTCS	First Trust Capital Strength ETF	2,610	$220,675
SUSC	iShares ESG Aware USD Corporate Bond ETF	7,662	$209,095
BAC	Bank Of America Corp	4,672	$207,857
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

84 tracked positions · $148,883,872 total · filing declares 89 positions · $157,458,000 · as of Mar 31, 2022

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 84 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IVV	iShares Core S&P 500 ETF	Reduced	76,404	-29	$34,663,730	−4.9%	6	before history	23.28%
		Added	63,257	+2,312	$10,479,154	−6.0%	6	before history	7.04%
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	NEW	96,342	NEW	$9,649,614	NEW	1	$100.98	6.48%
VIG	Vanguard Specialized Funds	Reduced	58,677	-83	$9,515,062	−5.7%	6	before history	6.39%
IWV	iShares Russell 3000 ETF	Reduced	31,361	-5	$8,228,185	−5.5%	6	before history	5.53%
AAPL	Apple Inc. Technology	Held	43,822	0	$7,651,759	−1.7%	6	before history	5.14%
SHY	iShares 1-3 Year Treasury Bond ETF	Reduced	87,832	-14,249	$7,320,797	−16.2%	6	before history	4.92%
USMV	iShares MSCI USA Min Vol Factor ETF	Reduced	61,962	-1,551	$4,806,392	−6.5%	6	before history	3.23%
TSLA	Tesla, Inc. Consumer Cyclical	Held	4,242	0	$4,571,179	+2.0%	6	before history	3.07%
SHV	iShares 0-1 Year Treasury Bond ETF	Added	28,515	+4,570	$3,143,778	+18.9%	6	before history	2.11%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	7,797	-133	$2,751,639	+16.1%	6	before history	1.85%
ESGU	iShares ESG Aware MSCI USA ETF	Added	24,696	+2,217	$2,502,939	+3.2%	6	before history	1.68%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Reduced	20,530	-465	$2,072,298	−7.7%	6	before history	1.39%
MUNI	PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund	Added	38,905	+34,305	$2,061,965	+697.6%	2	$54.87	1.38%
IWF	iShares Russell 1000 Growth ETF	Reduced	7,233	-67	$2,008,097	−10.0%	6	before history	1.35%
ITM	VanEck Intermediate Muni ETF	NEW	41,165	NEW	$1,947,927	NEW	1	unpriced	1.31%
IEFA	iShares Core MSCI EAFE ETF	Added	25,917	+948	$1,801,490	−3.3%	6	before history	1.21%
MUB	iShares National Muni Bond ETF	Added	13,497	+6,879	$1,479,811	+92.3%	6	before history	0.99%
MSFT	Microsoft Corp Technology	Held	4,594	0	$1,416,376	−8.3%	6	before history	0.95%
IYE	iShares U.S. Energy ETF	Reduced	33,959	-1,752	$1,389,602	+29.3%	6	before history	0.93%
IYW	iShares, Inc.	Reduced	13,167	-1,960	$1,356,727	−21.9%	6	before history	0.91%
EFAV	iShares MSCI EAFE Min Vol Factor ETF	Reduced	17,215	-303	$1,241,890	−7.7%	6	before history	0.83%
TIP	iShares TIPS Bond ETF	Added	9,717	+4,822	$1,210,446	+91.4%	4	unpriced	0.81%
IYG	iShares U.S. Financial Services ETF	Added	6,468	+750	$1,166,374	+5.6%	6	before history	0.78%
IYH	iShares U.S. Healthcare ETF	Added	4,018	+50	$1,160,358	−2.6%	6	before history	0.78%
NEAR	iShares Short Duration Bond Active ETF	Reduced	23,099	-4,333	$1,145,017	−16.4%	6	before history	0.77%
SPY	Spdr S&P 500 ETF Trust	Held	2,133	0	$963,348	−4.9%	6	before history	0.65%
EFG	iShares MSCI EAFE Growth ETF	Added	9,192	+110	$884,913	−11.7%	6	before history	0.59%
RSP	Victory Portfolios II	Added	5,484	+2,497	$864,881	+77.9%	4	$152.66	0.58%
EFV	iShares MSCI EAFE Value ETF	Added	14,962	+584	$751,990	+3.8%	4	unpriced	0.51%
PFF	iShares Preferred and Income Securities ETF	Reduced	18,820	-4,041	$685,424	−24.0%	6	before history	0.46%
IUSB	iShares Core Universal USD Bond ETF	Added	13,329	+1,056	$661,518	+1.8%	4	unpriced	0.44%
IWD	iShares Russell 1000 Value ETF	Held	3,816	0	$633,379	−1.2%	6	before history	0.43%
DIS	Walt Disney Co Communication Services	Reduced	4,522	-149	$620,237	−14.3%	6	before history	0.42%
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	Added	14,902	+2,425	$596,825	+54.9%	4	$34.03	0.40%
IJR	iShares Core S&P Small-Cap ETF	Added	5,133	+423	$553,748	+2.7%	6	before history	0.37%
T	At&T Inc. Communication Services	Reduced	22,868	-2,540	$540,369	−13.5%	6	before history	0.36%
INMU		NEW	22,053	NEW	$533,726	NEW	1	$24.88	0.36%
GOVT	iShares U.S. Treasury Bond ETF	Reduced	21,146	-206	$526,746	−7.5%	6	before history	0.35%
IXN	iShares Global Tech ETF	Reduced	8,777	-14	$509,153	−10.1%	6	before history	0.34%
CI	Cigna Group Healthcare	Held	2,106	0	$504,618	+4.3%	6	before history	0.34%
FLOT	iShares Floating Rate Bond ETF	Added	9,822	+2,587	$496,207	+35.2%	4	unpriced	0.33%
XOM	ExxonMobil Holdings Corp Energy	Held	5,857	0	$483,729	+35.0%	5	$54.74	0.32%
IVE	iShares S&P 500 Value ETF	Added	3,076	+2	$478,994	−0.5%	6	before history	0.32%
RTX	RTX Corp Industrials	Held	4,745	0	$470,087	+15.1%	6	before history	0.32%
AMZN	Amazon Com Inc Consumer Cyclical	Held	142	0	$462,912	−2.2%	6	before history	0.31%
VLUE	iShares MSCI USA Value Factor ETF	Added	4,346	+109	$454,461	−2.0%	6	before history	0.31%
SUB	iShares Short-Term National Muni Bond ETF	NEW	4,156	NEW	$434,717	NEW	1	unpriced	0.29%
MCD	Mcdonalds Corp Consumer Cyclical	Held	1,666	0	$411,968	−7.8%	6	before history	0.28%
VZ	Verizon Communications Inc Communication Services	Reduced	8,008	-145	$407,927	−3.7%	6	before history	0.27%

Showing the top 50 of 84 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.