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Adero Partners Portfolio holdings

AUM $1.53B
1-Year Est. Return 5.52%
This Fund
S&P 500
This Quarter Est. Return
-19.08%
1 Year Est. Return
+5.52%
3 Year Est. Return
+27.74%
5 Year Est. Return
+132.99%
10 Year Est. Return
–
AUM
$60.5M
AUM Growth
-$28.7M
Cap. Flow
-$12.3M
Cap. Flow %
-20.27%
Top 10 Hldgs %
54.22%
Holding
91
New
16
Increased
21
Reduced
25
Closed
22

Top Buys

Rank Stock Value
1
LYFT icon
Lyft
LYFT
+$2.8M
2
UBER icon
Uber
UBER
+$1.63M
3
TLRA
Telaria, Inc.
TLRA
+$1.46M
4
VT icon
Vanguard Total World Stock ETF
VT
+$953K
5
AMD icon
Advanced Micro Devices
AMD
+$361K

Top Sells

Rank Stock Value
1
AXP icon
American Express
AXP
+$2.88M
2
WFC icon
Wells Fargo
WFC
+$2.41M
3
SPLV icon
Invesco S&P 500 Low Volatility ETF
SPLV
+$1.89M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.85M
5
KO icon
Coca-Cola
KO
+$1.61M

Sector Composition

Rank Sector Weight
1 Technology 15.84%
2 Communication Services 13.4%
3 Consumer Discretionary 1.93%
4 Healthcare 1.62%
5 Energy 0.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GE icon
76
GE Aerospace
GE
$374B
– –
-2,377
Closed -$132K
HLT icon
77
Hilton Worldwide
HLT
$72.1B
– –
-5,291
Closed -$587K
KO icon
78
Coca-Cola
KO
$377B
– –
-29,032
Closed -$1.61M
MAA icon
79
Mid-America Apartment Communities
MAA
$15.4B
– –
-1,569
Closed -$207K
ORCL icon
80
Oracle
ORCL
$374B
– –
-8,799
Closed -$466K
PEG icon
81
Public Service Enterprise Group
PEG
$38.2B
– –
-3,450
Closed -$204K
PSX icon
82
Phillips 66
PSX
$84.9B
– –
-1,805
Closed -$201K
SBUX icon
83
Starbucks
SBUX
$120B
– –
-4,220
Closed -$371K
SCHD icon
84
Schwab US Dividend Equity ETF
SCHD
$103B
– –
-11,094
Closed -$214K
SONO icon
85
Sonos
SONO
$1.73B
– –
-26,000
Closed -$406K
TJX icon
86
TJX Companies
TJX
$174B
– –
-10,313
Closed -$630K
TROW icon
87
T. Rowe Price
TROW
$23.9B
– –
-8,075
Closed -$984K
VEA icon
88
Vanguard FTSE Developed Markets ETF
VEA
$229B
– –
-5,949
Closed -$262K
VOO icon
89
Vanguard S&P 500 ETF
VOO
$979B
– –
-3,264
Closed -$965K
VTI icon
90
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
– –
-2,705
Closed -$443K
WFC icon
91
Wells Fargo
WFC
$261B
– –
-44,729
Closed -$2.41M
1 2 3
4

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TW
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PAME
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UH
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CC
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ST
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SIA
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FP
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Adero Partners's Q1 2020 Portfolio in Review

As of Q1 2020, Adero Partners held 91 positions worth $60.5M, down 32% from $89.2M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Adero Partners withdrew a net $12.3M in Q1 2020, closing 22 positions and reducing 25 holdings. Its most notable exit was American Express, an estimated $2.88M position sold in full.

By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 9% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Adero Partners opened a new position in Uber worth $1.38M.

  • Adero Partners's largest Q1 2020 buy was Uber: 49,482 shares worth $1.38M.
  • Adero Partners added most to Lyft in Q1 2020, an estimated $2.8M increase.
  • Adero Partners's biggest Q1 2020 reduction was Invesco S&P 500 Low Volatility ETF, cutting an estimated $1.89M.
  • Adero Partners fully exited American Express in Q1 2020, selling an estimated $2.88M.
  • Adero Partners's ten largest holdings make up 54% of its $60.5M portfolio in Q1 2020.
  • Adero Partners opened 16 new positions and closed 22 in Q1 2020.
  • Adero Partners's portfolio value fell 32% quarter-over-quarter to $60.5M.

Based on Adero Partners's 13F filing for Q1 2020, filed 1 May 2020.