Altegris Advisors' Third and Fourth Quarter 2016 Holdings: Stocks Out, ETFs and Bonds In

Altegris Advisors, L.L.C., a California-based investment management firm, recently released its third quarter and fourth quarter 2016 13F holdings comparison. The report showed that Altegris Advisors sold off all its holdings in several well-known companies like Allergan, NXP Semiconductors, and Salesforce.com, Inc. However, the firm increased its holdings in several exchange-traded funds and bonds during the same period.

In the third quarter of 2016, Altegris Advisors did not have any holdings in iShares TR's LQD, Select Sector SPDR TR's XLP, XLI, XLY, XLB, XLV, or iShares TR's TIP. However, the firm significantly increased its holdings in these ETFs in the fourth quarter of 2016, most notably in iShares TR's LQD and Select Sector SPDR TR's XLP.

According to the report, Altegris Advisors did not have any holdings in iShares TR's HYG in the third quarter of 2016. However, the firm added 17,968 shares to its portfolio in the fourth quarter of 2016, representing a 100% increase in its holdings. This suggests that Altegris Advisors is bullish on the high-yield bond market.

One notable decrease in Altegris Advisors' holdings during the fourth quarter of 2016 was in the form of a put option on the QQQ US 11/18/16 with a strike price of $113. The firm held 35,000 shares of this option in the third quarter of 2016, but it sold all of its holdings in the fourth quarter, resulting in a 100% decrease in its holdings.

Another major change in the firm's holdings was in its bond portfolio. Altegris Advisors sold off all its holdings in Allergan plc's 5.500000% bonds due in 2018, NXP Semiconductors' bonds, and Salesforce.com, Inc.'s 0.25% bonds due in 2018 during the fourth quarter of 2016. The firm also sold off its holdings of AmTrust Financial Services' 2.75% bonds due in 2044, Dynegy Inc.'s 7.000000% bonds due in 2019, and Palo Alto Networks, Inc.'s 0% bonds due in 2019 during the same period.

It is important to note that the comparison represents a snapshot of Altegris Advisors' holdings at the end of the third quarter and fourth quarter of 2016, and it does not take into account any changes the firm may have made since then. It is also worth remembering that comparison charts do not necessarily indicate the overall approach that Altegris Advisors takes to investments.

Overall, the report suggests that Altegris Advisors is bullish on the high-yield bond market and ETFs, while reducing exposure to individual stocks and bonds. It is worth keeping an eye on the firm's actions in the coming quarters to see if this trend continues.