VICE: 3rd Quarter 2023 Portfolio Review
VICE had a negative period in the 3rd quarter of 2023. VICE’s Net Asset Value (NAV) was down 10.71%, the S&P 500 also had a negative return, down 3.27% for the quarter.
VICE added new positions in Ambev (ABEV) with 62,461 shares and Carrol’s Restaurant Group Inc. (TAST) with 58,902 shares. There were several trades made throughout the quarter, including removing positions of Inspired Entertainment (INSE) and Pernod Rickard (PRNDY).
Winners / Losers
The portfolio’s laggards were BJ’s Restaurants Inc. (BJRI), down 27.66% and CIA Cerveceria’s (CCU), down 24.14%. Positive contributors to performance were Nvidia Corp (NVDA), up 2.56% and Carrol’s Restaurant Group (TAST), up 34.63% for the third quarter.
|Ticker||Security Description||Portfolio Weight %|
|TAST||CARROLS RESTAURANT GROUP INC||5.21%|
|MGPI||MGP INGREDIENTS INC||5.01%|
|LVMUY||LVMH MOET HENNESSY-UNSP ADR||4.85%|
|EVRI||EVERI HOLDINGS INC||4.71%|
|BYD||BOYD GAMING CORP||4.68%|
|TPB||TURNING POINT BRANDS INC||4.64%|
|TAP||MOLSON COORS BEVERAGE CO – B||4.40%|
|CCU||CIA CERVECERIAS UNI-SPON ADR||4.38%|
As of 09.30.2023. 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” goods and services persist in popularity as consumers sustain their consumption patterns, notwithstanding increasing costs. Key players in industries like alcohol, tobacco, and gaming remain dedicated to innovating their offerings, venturing into fresh markets, and accommodating evolving consumer tastes.
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