Thursday brought a dramatic plot twist in my financial soap opera: B&D White Capital (aka Coyle Capital) liquidated its entire position in the Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ), netting a cool $17.5 million. I scribbled this in my diary: “Units of Composure Lost: 3. Hours Spent Analyzing Motives: 4. Number of ‘Of Course!’ Moments: 2.”
Plot Thickens
According to SEC filings, our Texas protagonists sold 351,699 GPIQ shares, leaving zero remaining holdings as of September 30. The average quarterly price suggests they’re now sipping margaritas instead of coffee, plotting their next move. (Note to self: Invest in a margarita ETF. Just kidding. Probably.)
Character Development
Post-exit, GPIQ’s top holdings read like a Wall Street rom-com:
- NASDAQ:AMZN ($136M, 17.4%): The love interest who always delivers.
- NYSEMKT:AVUS ($60.2M, 7.7%): The charming sidekick.
- NYSEMKT:ILCG ($50.7M, 6.5%): The brooding tech heir.
- NYSEMKT:VTI ($38.5M, 4.9%): The reliable best friend.
- NYSEMKT:IWF ($35.2M, 4.5%): The witty outsider.
GPIQ’s price closed at $53.32 Friday, up 10.5% year-to-date. A 9.6% dividend yield? That’s the financial equivalent of a glitter bomb-sparkling but potentially messy.
Behind the Scenes
| Metric | Value |
|---|---|
| AUM | $1.9 billion |
| Dividend Yield (TTM) | 9.6% |
| Price (as of market close Friday) | $53.32 |
| 1-Year Total Return | 21.8% |
Act I, Scene II
- GPIQ’s 80% Nasdaq-100 allocation: Financial theater meets strategy.
- Non-diversified portfolio: A high-stakes poker game with fewer chips.
- High dividend yield: The golden goose with a rebellious streak.
Goldman Sachs’ GPIQ offers Nasdaq-100 exposure with a side of income. But here’s the rub: It’s a young fund (launched 2023) with $1.9B AUM, now dodging the shadow of Coyle’s exit. Will it thrive as a solo act or miss its ex?
My Foolish Take
B&D White’s exit feels less like a breakup and more like a strategic pivot. They’ve also dumped GPIX, Goldman’s S&P 500 Premium Income ETF. Coincidence? I think not. Their “evidence-based philosophy” (read: panic after a string of wins) suggests they’re rebalancing portfolios, not fleeing the market. After all, who needs a 9.6% yield when you’re chasing long-term diversification? (Spoiler: Everyone, but don’t tell my broker.)
For the rest of us, this signals a lesson: Don’t marry income-driven products. They’re great for a night out, but lousy for retirement. GPIQ’s still got potential-NVIDIA, Microsoft, and Apple are in the mix-but it’s time to stop romanticizing high-yield strategies. Diversify or die trying.
Glossary
ETF: Financial jargon for “stock you don’t have to research.”
13F reportable assets: The SEC’s way of saying, “Hey, we’re watching you.”
AUM: The number that makes your LinkedIn profile look impressive.
Dividend yield: The percentage of your savings you can pretend is “income.”
Premium Income ETF: A fancy way of selling options while looking sophisticated.
Fully exited: The financial equivalent of ghosting.
Non-diversified portfolio: A bet on a single horse. If it wins, you’re rich. If it dies, you’re broke.
Underlying holdings: The secret sauce (or fire hazard) in your investment soup.
Distribution: A polite term for “money you didn’t earn.”
TTM: The 12-month window where your life choices seem reasonable.
Institutional portfolios: Where the big players play (and sometimes lose).
Nasdaq-100 Index: The stock market’s A-list celebrities.
And remember, dear reader, the market is a fickle lover. Diversify wisely. 💼
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2025-10-26 22:02