Greenberg Financial Group Investment Activity Analysis: Q3 Insights

According to the latest filing from Greenberg Financial Group's investment strategy involves active management of their $241 million+ portfolio with a focus on diversification across various sectors.
This quarter, marked by notable buying and selling decisions, has seen the investor adjust several holdings significantly. Their approach appears to involve both adding new positions and strategically exiting underperforming or less relevant assets based on market conditions.

Significant Purchases This Quarter

The most prominent activity involves substantial additions to specific Exchange-Traded Funds (ETFs) and funds, indicating confidence in certain areas of the market. Greenberg Financial Group has notably increased their position in several investment vehicles:

• XCHYX (Calamos Conv & High Income Fund) saw a massive increase of nearly 94.1% in shares, suggesting strong interest in high-yield or convoluted income strategies.
• AVK (Advent Conv & Income Fund) experienced a full 100% increase in shares, indicating it's now a core holding or recently added to the portfolio.
• CHI (Calamos Conv Opportunities Fund) also increased by 100% in shares, highlighting another significant new position.
• PSK (SPDR Series Trust fund) added a full 100% more shares this quarter, making it an important recent acquisition for the investor.
• The investment in SVOL (Simplify Exchange Traded Fund) increased by a substantial +48.03%, reflecting growing confidence in this specific fund's strategy or performance.
• PYPL (PayPal Holdings Inc.) shares were added completely from scratch, representing a new equity position acquired at some point during the quarter.
• A small but noteworthy addition was made to NFLX (Netflix Inc.), though its allocation remains very minor at just under 0.15% of the total portfolio.
• EFT (Eaton Vance Floating Rate Inc.) also saw a significant increase, boosted by +68.25% in shares during this period.
• The investor added to their position in the highly weighted ETF QDPL (Pacer Funds T), increasing holdings by -19.56% from prior period, but still maintaining a presence.
• TLT (iShares TIPS Bond Fund) experienced an increase of +10.06%, adding another fixed income component to their active management.

Strategic Sales and Exits This Quarter

In contrast, Greenberg Financial Group has also demonstrated a willingness to exit positions that are no longer aligned with their investment thesis or have become less significant:

• The sale of shares in the small-cap ETF TDVI (First Trust Small Cap Tech ex-Web Fund) resulted in a nearly -61.48% reduction, indicating a significant divestment from this sector.
• The investor sold shares in the large-cap tech ETF DIA (SPDR Dow Jones Industrial Average), reducing its allocation by just -0.21% from prior period, suggesting a minor adjustment rather than a major exit.
• The position in the popular S&P 500 ETF SPY (SPDR S&P 500 ETF) decreased by -1.51%, showing a slight reduction from previous quarters.
• The holdings in the tech-focused MSFT (Microsoft Corp.) also saw a small decrease of -0.44% during this quarter, indicating minimal impact on their core allocation.
• The large-cap growth ETF QQQ (Invesco QQQ Trust) experienced a decrease of -2.68% in shares, reflecting an exit from this popular sector.
• RSP (Invesco S&P 500 Equal Weight) decreased by -1.04%, showing a reduction in exposure to an equal-weighted market approach.
• The healthcare sector ETF IJH (iShares Nasdaq Biotech) saw its allocation drop by -3.85%, indicating a departure from this specific segment.
• AAPL (Apple Inc.) shares decreased slightly (-0.29%), reflecting minor selling activity on the largest tech stock.
• The investor sold a portion of their holdings in the small-cap value ETF VYM (Vanguard Small Cap Value), reducing its allocation by -1.73% from prior period.
• EFT was also sold partially, with a decrease of -68.25%, though it remains in the portfolio at just under 0.1% allocation.

Overall Portfolio Changes and Observations

The overall activity suggests Greenberg Financial Group is actively managing their $241 million+ portfolio, making adjustments to ETFs and individual stocks based on performance or strategic shifts. Their core holdings appear heavily concentrated in large-cap equities like SPY, QQQ, and several others, which together account for a significant portion of the portfolio (over 70% in unknown sectors according to their filing).
The top five holdings by weight still dominate with over 38.05% combined allocation, indicating strong diversification within this core group.

Furthermore, the data indicates that Greenberg Financial Group has engaged in large transactions both buying and selling during this period ('has_large_buys': true, 'has_large_sells': true). The specific symbols involved in these significant moves are disclosed as ROP, XOM, VRT for buys (though not detailed here), and exits from IBM, NFLX, KLAC.

Their portfolio currently includes holdings across 10 sectors, reflecting a broad-based approach despite the core focus. The changes observed in this quarter highlight their dynamic investment style.