FOXBY CORP.
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SCHEDULE OF PORTFOLIO INVESTMENTS
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March 31, 2021
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(Unaudited)
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Shares
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Value
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Common Stocks (103.14%)
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Automotive Dealers and Gasoline Service Stations (4.25%)
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335
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AutoZone, Inc. (a)
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470,441
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Building Materials, Hardware, Garden Supply (5.22%)
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850
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The Home Depot, Inc.
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259,463
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1,800
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Tractor Supply Company
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318,744
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578,207
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Business Services (19.33%)
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80
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Accenture plc
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22,100
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500
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Alphabet Inc. Class A (a)
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1,031,260
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4,500
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Check Point Software Technologies Ltd. (a)
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503,865
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4,600
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Kforce Inc.
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246,560
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4,300
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Robert Half International Inc.
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335,701
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2,139,486
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Chemical and Allied Products (8.32%)
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2,050
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Amgen Inc.
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510,061
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1,500
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Celanese Corporation
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224,715
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2,100
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Westlake Chemical Corporation
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186,459
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921,235
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Depository Institutions (6.07%)
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3,078
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BM Technologies, Inc. (a)
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35,858
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20,000
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Customers Bancorp, Inc. (a)
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636,400
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672,258
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Electronic and Other Electrical Equipment and Components, except Computer Equipment (4.80%)
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8,300
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Intel Corporation
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531,200
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Food and Kindred Products (5.52%)
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1,500
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Medifast, Inc.
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317,730
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3,950
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Tyson Foods, Inc.
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293,485
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611,215
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Furniture and Fixtures (5.38%)
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4,150
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Sleep Number Corporation (a)
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595,484
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Heavy Construction other than Building Construction Contractors (1.44%)
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1,700
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MasTec, Inc. (a)
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159,290
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Home Furniture, Furnishings, and Equipment Stores (4.05%)
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2,500
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Williams-Sonoma, Inc.
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448,000
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Industrial and Commerical Machinery and Computer Equipment (0.79%)
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290
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Arista Networks, Inc. (a)
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87,548
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Insurance Carriers (13.10%)
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440
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Anthem, Inc.
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157,938
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10,500
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Essent Group Ltd.
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498,645
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450
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Humana Inc.
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188,663
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1,625
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UnitedHealth Group Incorporated
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604,613
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1,449,859
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Metal Mining (2.46%)
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3,500
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Rio Tinto plc
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271,775
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Non-Depository Credit Institutions (8.45%)
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1,000
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Credit Acceptance Corporation (a)
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360,230
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2,300
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Discover Financial Services
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218,477
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4,600
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Enova International, Inc. (a)
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163,208
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3,600
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OneMain Holdings, Inc.
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193,392
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935,307
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Petroleum Refining and Related Industries (1.88%)
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8,000
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Valvoline Inc.
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208,560
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Retail Consulting and Investment (0.00%)
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72,728
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Amerivon Holdings LLC (a) (b)
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0
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Security and Commodity Brokers, Dealers, Exchanges, and Services (8.50%)
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1,200
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Ameriprise Financial, Inc.
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278,940
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400
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BlackRock, Inc.
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301,584
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2,101
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T. Rowe Price Group, Inc.
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360,531
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941,055
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Transportation by Air (1.65%)
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3,000
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Southwest Airlines Co. (a)
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183,180
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Wholesale Trade - Nondurable Goods (1.93%)
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4,050
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Nu Skin Enterprises, Inc.
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214,205
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Total common stocks (Cost $7,406,476)
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11,418,305
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Preferred Stocks (0.80%)
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Retail Consulting and Investment (0.80%)
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245,268
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Amerivon Holdings LLC (Cost $497,531) (b)
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88,296
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Total investments (Cost $7,904,007) (103.94%) (c)
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11,506,601
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Liabilities in excess of cash and other assets (-3.94%)
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(436,117)
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Net assets (100.00%)
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$ 11,070,484
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(a) Non-income producing.
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(b) Illiquid and/or restricted security that has been fair valued.
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(c) The Fund's total investment portfolio value of $11506,601 has been pledged as collateral for borrowings under the Fund's credit facility. As of March 31, 2021, there was $471,200 in outstanding borrowing.
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Assets
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Level 1
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Level 2
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Level 3
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Total
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Investments, at value
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Common stocks
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$ 11,418,305
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$ -
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$ 0
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$ 11,418,305
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Preferred stocks
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-
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-
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88,296
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88,296
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Total investments, at value
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$ 11,418,305
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$ -
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$ 88,296
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$ 11,506,601
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Common
Stocks
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Preferred
Stocks
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Total
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Balance of level 3 assets at December 31, 2020
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$ 0
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$ 85,844
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$ 85,844
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Change in unrealized depreciation
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-
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3,077
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3,077
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Balance at March 31, 2021
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$ 0
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$ 88,296
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$ 88,296
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Net change in unrealized depreciation attributable to assets still held as level 3 at March 31, 2021
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$ -
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$ 3,077
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$ 3,077
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Fair Value
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Valuation Technique
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Unobservable Input
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Range
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Common stocks
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Retail Consulting and Investment
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$ 0
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Value of liquidation preference per share
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Discount rate due to lack of marketability
|
80%
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Preferred stocks
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Retail Consulting and Investment
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$ 88,296
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Value of liquidation preference per share
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Discount rate due to lack of marketability
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80%
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Acquisition Date
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Cost
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Value
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Amerivon Holdings LLC preferred shares
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9/20/07
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$ 497,531
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$ 88,296
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Amerivon Holdings LLC common equity units
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9/20/07
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0
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0
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Total
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$ 497,531
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$ 88,296
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Percent of net assets
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4%
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1%
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