VICE: 2nd Quarter 2023 Portfolio Review
VICE had a positive period in the 2nd quarter of 2023. VICE’s Net Asset Value (NAV) was up 2.41%, but trailed the S&P 500.
VICE added a new position in BJ’s Restaurants INC (BJRI) with 13,797 shares, MGM Resorts International (MGM) with 10,600 shares, Netease INC (NTES) with 4,700 shares, Nvidia Corp (NVDA) with 1,000 shares, and Wingstop INC (WING) with 2,300 shares. There were several trades made throughout the quarter, including removing positions in Brown-Forman Corp (BF/B), Century Casinos INC (CNTY), Monarch Casino & Resorts INC (MCRI), and RCI Hospitality Holdings INC (RICK).
Winners / Losers
The portfolio’s laggards were Duckhorn Portfolio INC (NAPA) down 19.19% and Everi Holdings INC (EVRI) down 15.14%. Positive contributors to performance were Nvidia Corp (NVDA) up 51.27%, Molson Coors Beverage CO (TAP) up 26.32%, and Dave & Buster’s Entertainment (PLAY) up 23.85% for the second quarter.
|Ticker||Security Description||Portfolio Weight %|
|VGR||VECTOR GROUP LTD||5.40%|
|PLAY||DAVE & BUSTER’S ENTERTAINMEN||5.16%|
|BYD||BOYD GAMING CORP||5.13%|
|LVMUY||LVMH MOET HENNESSY-UNSP ADR||4.90%|
|CCU||CIA CERVECERIAS UNI-SPON ADR||4.89%|
|TPB||TURNING POINT BRANDS INC||4.82%|
|MGM||MGM RESORTS INTERNATIONAL||4.76%|
|INSE||INSPIRED ENTERTAINMENT INC||4.69%|
As of 06.30.2023. 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.
“Vice” products continue to perform as consumers maintained their consumption of the goods and services, despite rising prices. Major players in alcohol, tobacco, and gaming continue to focus on product innovation, expanding into new markets, and catering to changing consumer preferences.
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