Top 20 was helped by a stunningly huge move today in one of our underwater positions, and we are going to take advantage of a large short-interest fueled rally to reduce the position from 8% to 4.5% roughly. We are reinvesting a portion into one of our newer names that has pulled back recently, taking it from about 5% to abut 6.5%. With so much volatility during earnings season, it makes sense to have some cash to be able to take advantage of any potential opportunities next week (goes from 1% to 3%).
On SSETF, we are trimming two ETFs to add to a sector of the market that has been hammered lately. We had previously had no direct exposure due to my concerns that the sector was too expensive, especially relative to Technology.
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