VICE: 4th Quarter 2024 Portfolio Review
Portfolio
Performance
In Q4 2024, VICE achieved modest growth, increasing 0.13% (NAV) and 0.12% (market). This underperformed the S&P 500, which gained a notable 2.14% over the same period. For the full year, VICE delivered a return of 18.18% (NAV) and 18.09% (market) in 2024.
Portfolio Update
During the quarter, VICE introduced several new holdings to its portfolio, reflecting strategic shifts:
- Imperial Brands (IMBBY): 6,000 shares
- Netease Inc. (NTES): 3,700 shares
- Flutter Entertainment (FLUT): 1,300 shares
- com Group (GAMB): 27,500 shares
VICE re-established positions in:
- Philip Morris International (PM): 2,400 shares
- Huya Inc. (HUYA): 124,500 shares
VICE exited positions in:
- Duckhorn Portfolio Inc. (NAPA)
- MGM Resorts International (MGM)
- MGP Ingredients Inc. (MGPI)
- Vector Group (VGR)
- International Gaming Technology (IGT)
- Ferrari (RACE)
These adjustments reflect VICE’s dynamic approach to capitalizing on emerging opportunities while optimizing existing allocations.
Winners / Losers
The portfolio’s standout performer in Q4 was Duckhorn Portfolio Inc. (NAPA), which soared 87.47% after its acquisition by Butterfly Equity for $1.95 billion. Turning Point Brands Inc. (TPB) also shined, climbing 39.45% and leading gains in VICE for a second consecutive quarter.
On the downside, Wingstop Inc. dropped 31.64%, while Bilibili Inc. (BILI) declined 22.54%, a sharp reversal after leading the portfolio in performance last quarter.
Top Holdings
| Ticker | Security Description | Portfolio Weight % |
| GAMB | GAMBLING.COM GROUP LTD | 5.46% |
| NVDA | NVIDIA CORP | 5.44% |
| HUYA | HUYA INC-ADR | 5.39% |
| TXRH | TEXAS ROADHOUSE INC | 4.89% |
| ACEL | ACCEL ENTERTAINMENT INC | 4.83% |
| TPB | TURNING POINT BRANDS INC | 4.80% |
| LOCO | EL POLLO LOCO HOLDINGS INC | 4.79% |
| BYD | BOYD GAMING CORP | 4.78% |
| FLUT | FLUTTER ENTERTAINMENT PLC-DI | 4.74% |
| MCRI | MONARCH CASINO & RESORT INC | 4.69% |
As of 12.31.2024. Cash is excluded. Subject to change.
Please see our complete Fund holdings at advisorshares.com/etfs/vice. The holdings details are updated each market day.
Market Update
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Cheers,Definitions:
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Investing involves risks including possible loss of principal. Companies in the food, beverage and tobacco industry are very competitive and subject to a number of risks. Demographic and product trends, changing consumer preferences, nutritional and health-related concerns, competitive pricing, marketing campaigns, environmental factors, adverse changes in general economic conditions, government regulation, food inspection and processing control, consumer boycotts, risks of product tampering, product liability claims, and the availability and expense of liability insurance can affect the demand for, and success of, such companies’ products in the marketplace. For a full summary of the risks, please see the prospectus.
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Holdings and allocations are subject to risks and to change.
The views in this commentary are those of the portfolio manager and may not reflect his views on the date this material is distributed or any time thereafter. These views are intended to assist shareholders in understanding their investments and do not constitute investment advice.