VICE: 4th Quarter 2021 Portfolio Manager Review
Only one new position was added to the Fund during the third quarter: MGP Ingredients (NASDAQ: MGPI). We are constantly managing the Fund and occasionally increasing or decreasing position sizes as we see fit. The Fund currently has heavy weights in gaming, fast food, and alcohol
Contributors / Detractors:
Top performers were again from the gaming industry and some diverse alcohol and fast-food companies. Del Taco (NASDAQ: TACO) gained 43% on buyout news. Red Rock Resorts (NASDAQ: RRR) and Full House Resorts (NASDAQ FLL) were each up 14%, and Constellation Brands (NYSE: STZ) was up 19%. Tobacco’s Vector Group (NYSE: VGR) was up nicely at 38%.
Among losers, DraftKings (NASDAQ: DKNG) and Penn National Gaming (NASDAQ: PENN) were significant drags to the portfolio. DKNG was down 42% and is now the Fund’s smallest holding. PENN lost 28%.
As I often like to repeat, for those concerned about stock market negativity or volatility with continued COVID impacts or governmental policies, I’d like to suggest investing in those things that people seem to spend money on no matter what’s happening with the economy – vices like drinking, smoking, gambling, and gaming.
|Ticker||Security Description||Portfolio Weight %|
|IGT||INTERNATIONAL GAME TECHNOLOG||5.67%|
|FLL||FULL HOUSE RESORTS INC||5.03%|
|RICK||RCI HOSPITALITY HOLDINGS INC||5.00%|
|TACO||DEL TACO RESTAURANTS INC||4.83%|
|RRR||RED ROCK RESORTS INC-CLASS A||4.73%|
|GLPI||GAMING AND LEISURE PROPERTIE||4.46%|
|MGPI||MGP INGREDIENTS INC||4.10%|
|PRNDY||PERNOD RICARD SA – SPON ADR||4.01%|
|VICI||VICI PROPERTIES INC||3.97%|
As of 12.31.2021. 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.
Tune in to AdvisorShares’ Alpha Nooner Show streaming live each regular weekday starting at 11:50 am (East Coast time), where I am a guest almost every Tuesday to get updates on the funds. Find it on most major social media platforms or visit our the AdvisorShares “Events” webpage for more information.