VICE: 1st Quarter 2022 Portfolio Manager Review
Alcohol company MGP Ingredients (NASDAQ: MGPI) was actually added on 12/30/21 and casino gaming technology company Everi Holdings Inc. (NASDAQ: EVRI) was added in early 2022. 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, entertainment and alcohol.
We sidestepped recent losses by Wingstop (NASDAQ: WING) by removing it from the portfolio early in the quarter.
Contributors / Detractors
Top performers included Monarch Casino (NASDAQ: MCRI) up 17.96% and Activision Blizzard (NASDAQ: ATVI) up 20.41% on its buyout news. Other contributors were old-school, conservative “vice stocks” Molson Coors (NYSE: TAP) up 16.03%, British American Tobacco (NYSE: BTI) up 14.62%, and Altria (NYSE: MO) up12.15%.
Among losers, Red Rock Resorts (NASDAQ: RRR) and Full House Resorts (NASDAQ FLL), both lost after being strong gainers in Q4 2021. RRR was down -21.02% and FLL lost -20.64% Penn National Gaming (NASDAQ: PENN) was a continued drag down over 18%, but a smaller holding.
|Ticker||Security Description||Portfolio Weight %|
|RICK||RCI HOSPITALITY HOLDINGS INC||5.71%|
|BYD||BOYD GAMING CORP||5.40%|
|LVMUY||LVMH MOET HENNESSY-UNSP ADR||5.19%|
|MCRI||MONARCH CASINO & RESORT INC||5.14%|
|DEO||DIAGEO PLC-SPONSORED ADR||4.91%|
|GLPI||GAMING AND LEISURE PROPERTIE||4.69%|
|EVRI||EVERI HOLDINGS INC||4.63%|
|RRR||RED ROCK RESORTS INC-CLASS A||4.56%|
|PRNDY||PERNOD RICARD SA – SPON ADR||4.47%|
|CHUY||CHUY’S HOLDINGS INC||4.46%|
As of 03.31.2022. 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.
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Past Manager Commentary