California First Leasing Corporation
Statement of Investments
As of March 31, 2024
Industry-- Percent of Net Assets | Company | Shares | Market Value | ||||||
Common Stocks-- 88.37% | |||||||||
Auto & Truck Dealerships-- 1.21% | Lithia Mtrs Inc | 9,779 | $ | 2,942,110 | |||||
Auto Parts-- 1.41% | Allison Transmission | 42,290 | 3,432,256 | ||||||
Banks - Diversified-- 4.73% | Wells Fargo & Co | 106,400 | 6,166,944 | ||||||
JP Morgan Chase & Co | 4,380 | 877,314 | |||||||
Bank of America Corporation | 117,500 | 4,455,600 | |||||||
11,499,858 | |||||||||
Capital Markets-- 3.99% | Goldman Sachs | 23,200 | 9,690,408 | ||||||
Credit Services-- 1.58% | Credit Acceptance Corporation (1) | 1,220 | 672,891 | ||||||
PayPal Holdings Inc (1) | 47,100 | 3,155,229 | |||||||
3,828,120 | |||||||||
Drug Manufacturers-- 2.96% | Bristol Myers Squibb | 132,800 | 7,201,744 | ||||||
Entertainment-- 0.66% | Netflix.com Inc. (1) | 2,650 | 1,609,425 | ||||||
Footwear & Accessories-- 1.47% | On Holding AG (1) | 101,100 | 3,576,918 | ||||||
Healthcare Plans-- 5.10% | Cigna Corp New | 30,710 | 11,153,565 | ||||||
United Health Group | 2,489 | 1,231,308 | |||||||
12,384,873 | |||||||||
Insurance - Diversified-- 0.58% | Berkshire Hathaway Inc (1) | 3,364 | 1,414,629 | ||||||
Insurance - Reinsurance-- 1.27% | Everest Group LTD | 7,740 | 3,076,650 | ||||||
Internet Content & Info-- 10.33% | Alphabet Inc. (1) | 105,100 | 15,862,743 | ||||||
Match Group Inc (1) | 68,500 | 2,485,180 | |||||||
Meta Platforms Inc | 13,907 | 6,752,961 | |||||||
25,100,884 | |||||||||
Internet Retail-- 0.15% | Alibaba Grp Hldg | 4,900 | 354,564 | ||||||
Oil & Gas E & P-- 3.42% | Ovintiv Inc. | 159,925 | 8,300,108 | ||||||
Oil & Gas Equip & Services-- 2.91% | Schlumberger LTD | 129,000 | 7,070,490 | ||||||
Oil & Gas Integrated-- 7.69% | Exxon Mobil | 160,800 | 18,691,392 | ||||||
Scientific & Technical Instruments-- 0.75% | Sensata Technologies | 49,350 | 1,813,119 | ||||||
Semiconductor Equip & Materials-- 9.54% | Applied Materials | 102,000 | 21,035,460 | ||||||
Teradyne Incorporated | 19,000 | 2,143,770 | |||||||
23,179,230 | |||||||||
Semiconductors-- 15.95% | Advanced Micro Devices Inc. (1) | 37,100 | 6,696,179 | ||||||
Marvell Technology Inc | 123,000 | 8,718,240 | |||||||
Micron Technology Inc | 81,300 | 9,584,457 | |||||||
Qualcomm Inc | 58,650 | 9,929,445 | |||||||
Taiwan Semiconductor Co | 28,250 | 3,843,413 | |||||||
38,771,734 | |||||||||
Specialty Business Services-- 1.96% | Global Payments Inc. | 35,650 | 4,764,979 | ||||||
Specialty Chemicals-- 2.58% | Dupont De Nemours | 53,940 | 4,135,580 | ||||||
Intl Flavors & Fragrance | 24,750 | 2,128,253 | |||||||
6,263,832 | |||||||||
Steel-- 2.24% | Cleveland-Cliffs Inc. (1) | 239,000 | 5,434,860 | ||||||
Telecom Services-- 4.51% | Charter Communications Inc (1) | 12,640 | 3,673,563 | ||||||
Verizon Communications | 173,750 | 7,290,550 | |||||||
10,964,113 | |||||||||
Thermal Coal-- 0.73% | Consol Energy Inc | 21,300 | 1,784,088 | ||||||
Tobacco-- 0.66% | British American Tobacco | 52,500 | 1,601,250 | ||||||
Total-Equity Securities | $ | 214,751,634 | |||||||
Short-term Investments-- 12.81% | |||||||||
Bank Deposit-- 0.11% | Liberty Bank, N.A. | $ | 276,234 | ||||||
U.S. Treasuries-- 1.81% | U.S. Treasury Bills (5.33%)* | 4,397,442 | |||||||
Money Market Mutual Funds-- 10.88% | JP Morgan Prim MMkt (5.39%)** | 11,051,743 | |||||||
State Street Inst Liquid Rsrvs (5.41%)** | 14,712,757 | ||||||||
Goldman FSQ Money Market (5.23%)** | 682,433 | ||||||||
Total Short-term Investments | $ | 31,120,609 | |||||||
Total Equity Securities & Short-term Investments-- 101.18% | $ | 245,872,242 | |||||||
Net Assets at March 31, 2024 | $ | 243,013,723 |
(1) | Non-income producing security |
* | Weighted average yield to maturity for bill maturing on 04/04/24 |
** | Rate is the annualized seven-day yield of the fund at period end. |