Ownership history in STEPH & CO Β· 25 quarters on record
This page tracks every 13F SEC filing in which STEPH & CO reported a position in Pimco Intermediate Municipal Bond ETF (MUNI). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β sourced directly from SEC EDGAR 13F filings.
π STEPH & CO underperformed the S&P 500 by β14.0% annually on this MUNI position. Timing score: 38% (9/24 decisions correct). Average cost basis: $47.53. Maximum drawdown during holding period: β9.8%.
β Significantly underperformed the S&P 500 by 14.0% ann.
24 quarters analyzed
β οΈ Poor timing β buys often preceded drops, trims preceded rallies.
9 of 24 add/trim decisions correct
Best entry: $45.71 (2022 Q2) Β· Worst: $52.13 (2025 Q4)
π No drawdown exceeding 20% during the holding period β exceptionally stable.
14 adds Β· 11 trims. Bought during 5 of 10 down-price quarters. π More buys than sells across the holding period.
βοΈ Portfolio weight has remained relatively stable β conviction maintained.
Currently 1.29% of portfolio
β Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ 4 (annualised). Not investment advice.