Premise Capital 13F annual report

Premise Capital is an investment fund managing more than $77.3 million ran by Britton Reynolds. There are currently 13 companies in Mr. Reynolds’s portfolio. The largest investments include Spdr(r) S&p 500 Etf and Ishares Tr 20 Yr Tr Bd Etf, together worth $35.3 million.

$77.3 million Assets Under Management (AUM)

As of 7th October 2020, Premise Capital’s top holding is 87,595 shares of Spdr(r) S&p 500 Etf currently worth over $27 million and making up 34.9% of the portfolio value. In addition, the fund holds 50,697 shares of Ishares Tr 20 Yr Tr Bd Etf worth $8.29 million. The third-largest holding is Ishares Tr Core Msci Eafe worth $7.63 million and the next is Ishares Tips Bond Etf worth $6.88 million, with 55,900 shares owned.

Currently, Premise Capital's portfolio is worth at least $77.3 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Premise Capital

The Premise Capital office and employees reside in Naperville, Illinois. According to the last 13-F report filed with the SEC, Britton Reynolds serves as the Co-Managing Member at Premise Capital.

Recent trades

In the most recent 13F filing, Premise Capital revealed that it had opened a new position in Xtrackers Usd High Yield Corp Bd Etf and bought 129,222 shares worth $5.98 million.

The investment fund also strengthened its position in Spdr(r) S&p 500 Etf by buying 58,120 additional shares. This makes their stake in Spdr(r) S&p 500 Etf total 87,595 shares worth $27 million.

On the other hand, there are companies that Premise Capital is getting rid of from its portfolio. Premise Capital closed its position in Ishares Tr Core Us Agg Bd Etf on 14th August 2020. It sold the previously owned 505,789 shares for $58.1 million. Britton Reynolds also disclosed a decreased stake in Ishares Tr Core Msci Eafe by approximately 0.1%. This leaves the value of the investment at $7.63 million and 133,427 shares.

One of the smallest hedge funds

The two most similar investment funds to Premise Capital are Mount Vernon Associates Inc md/ and Steel Canyon Capital. They manage $77.3 million and $77.4 million respectively.

Britton Reynolds investment strategy

Premise Capital’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Miscellaneous — making up 1.3% of the total portfolio value. The fund focuses on investments in the Unknown as 100.0% of the portfolio companies are based in the Unknown.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 8% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $0.

The complete list of Premise Capital trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Ishares Tr Core Us Agg Bd Etf	Closed 505,789	$58,110,000
Spdr(r) S&p 500 Etf	197.18% 87,595	$27,011,000	34.92%
Ishares Tr 20 Yr Tr Bd Etf	44.67% 50,697	$8,292,000	10.72%
Ishares Tr Core Msci Eafe	1.00% 133,427	$7,627,000	9.86%
Ishares Tips Bond Etf	27.01% 55,900	$6,876,000	8.89%
Xtrackers Usd High Yield Corp Bd Etf	Opened 129,222	$5,984,000	7.74%
Spdr S&p International Small Cap Etf	22.32% 43,400	$4,166,000	5.39%
Select Sector Spdr Tr	Opened 99,434	$8,575,000	11.09%
Schwab Us Reit Etf	59.98% 67,343	$2,372,000	3.07%
Ishares Core S&p Small-cap Etf	28.29% 28,773	$1,965,000	2.54%
Ishares Core Msci Emerging Markets Etf	34.65% 41,239	$1,963,000	2.54%
Spdr(r) S&p Midcap 400 Etf	22.19% 4,538	$1,473,000	1.90%
iShares 1-3 Year Treasury Bond ETF	305.62% 46,070	$1,030,000	1.33%
Spdr(r) Nuveen Blmbg Barclays St Munbd Etf	83.66% 222	$11,000	0.01%
No transactions found
Showing first 500 out of 14 holdings