AssetMark Inc Portfolio holdings
AssetMark runs an investment platform that financial advisors use to build portfolios for their clients and to handle the technology behind them. Financial advisor Ron Cordes and his partners started it in 1996 to solve a problem in their own practice, which was fitting investment strategies into a fee-based, fiduciary business. Cordes and his partners sold the company to Genworth Financial in 2006, and it operated under Genworth names until it took the AssetMark name in 2013. Advisors can place clients in model portfolios of mutual funds and ETFs, and AssetMark also runs its own mutual funds, the GuideMark and GuidePath families. Private equity firm GTCR owns AssetMark through a holding company, after earlier owners that included Aquiline Capital Partners and Genstar Capital.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PIMCO 0-5 Year High Yield Corporate Bond Exchange-Traded Fund
HYS
|
+$100M |
| 2 |
iShares US Industrials ETF
IYJ
|
+$77.6M |
| 3 |
iShares US Utilities ETF
IDU
|
+$75.2M |
| 4 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$74.3M |
| 5 |
SPDR Gold Trust
GLD
|
+$68.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$159M |
| 2 |
iShares Floating Rate Bond ETF
FLOT
|
+$92.2M |
| 3 |
VQT
iPath S&P VEQTOR ETN
VQT
|
+$72.7M |
| 4 |
iShares US Energy ETF
IYE
|
+$50.4M |
| 5 |
State Street Materials Select Sector SPDR ETF
XLB
|
+$45M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.04% |
| 2 | Healthcare | 1.1% |
| 3 | Technology | 0.95% |
| 4 | Financials | 0.95% |
| 5 | Industrials | 0.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $654M | 13.92% |
3,339,499
-141,912
| -4% | -$27M |
2013 Q3
3 quarters
|
|
2
Vanguard FTSE Europe ETF
VGK
$30.1B
| $199M | 4.23% |
3,316,599
+516,903
| +18% | +$31.1M |
2013 Q3
3 quarters
|
|
3
iShares MSCI Emerging Markets ETF
EEM
$28.2B
| $153M | 3.27% |
3,548,692
+867,183
| +32% | +$36.8M |
2013 Q3
3 quarters
|
|
|
4
PIMCO 0-5 Year High Yield Corporate Bond Exchange-Traded Fund
HYS
$1.71B
| $100M | 2.13% |
+936,564
| New | +$100M |
2014 Q2
0 quarters
|
|
5
iShares 7-10 Year Treasury Bond ETF
IEF
$42.9B
| $91.3M | 1.95% |
881,860
-62,859
| -7% | -$6.45M |
2013 Q3
3 quarters
|
|
6
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.8B
| $90.3M | 1.92% |
2,985,358
+56,459
| +2% | +$1.69M |
2013 Q3
3 quarters
|
|
7
iShares MBS ETF
MBB
$35.2B
| $88.8M | 1.89% |
820,907
+555,753
| +210% | +$59.6M |
2013 Q3
3 quarters
|
|
8
iShares US Healthcare ETF
IYH
$4.82B
| $81.3M | 1.73% |
3,170,150
-1,382,260
| -30% | -$34.1M |
2013 Q3
3 quarters
|
|
|
9
iShares US Industrials ETF
IYJ
$1.86B
| $78.8M | 1.68% |
+1,521,740
| New | +$77.6M |
2014 Q2
0 quarters
|
|
|
10
iShares US Utilities ETF
IDU
$1.38B
| $78.4M | 1.67% |
+1,408,528
| New | +$75.2M |
2014 Q2
0 quarters
|
|
|
11
SPDR Gold Trust
GLD
$130B
| $77.6M | 1.65% |
606,372
+551,936
| +1,014% | +$68.6M |
2013 Q3
3 quarters
|
|
|
12
iShares US Energy ETF
IYE
$1.85B
| $76.4M | 1.63% |
1,345,738
-935,356
| -41% | -$50.4M |
2013 Q3
3 quarters
|
|
|
13
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.1B
| $76.3M | 1.63% |
1,710,574
+1,680,622
| +5,611% | +$74.3M |
2013 Q3
3 quarters
|
|
|
14
State Street Materials Select Sector SPDR ETF
XLB
$8.37B
| $76M | 1.62% |
3,061,630
-1,863,854
| -38% | -$45M |
2013 Q3
3 quarters
|
|
15
iShares US Technology ETF
IYW
$23.2B
| $75.4M | 1.61% |
3,115,096
-1,877,700
| -38% | -$43.4M |
2013 Q3
3 quarters
|
|
16
iShares US Financials ETF
IYF
$3.95B
| $75.1M | 1.6% |
1,806,778
-1,033,074
| -36% | -$42M |
2013 Q3
3 quarters
|
|
17
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$18.1B
| $72.9M | 1.55% |
765,663
-59,089
| -7% | -$5.59M |
2013 Q3
3 quarters
|
|
18
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$19.5B
| $72.8M | 1.55% |
1,322,240
-197,646
| -13% | -$10.8M |
2014 Q1
1 quarter
|
|
19
iShares MSCI Canada ETF
EWC
$7.51B
| $68.2M | 1.45% |
2,116,017
+19,734
| +0.9% | +$605K |
2013 Q3
3 quarters
|
|
20
iShares TIPS Bond ETF
TIP
$14.3B
| $63.6M | 1.36% |
551,545
+429,498
| +352% | +$48.9M |
2013 Q3
3 quarters
|
|
|
21
iShares Floating Rate Bond ETF
FLOT
$11.7B
| $61.1M | 1.3% |
1,202,875
-1,817,713
| -60% | -$92.2M |
2013 Q3
3 quarters
|
|
22
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $60.7M | 1.29% |
509,288
-60,511
| -11% | -$7.16M |
2013 Q3
3 quarters
|
|
23
Vanguard FTSE All-World ex-US ETF
VEU
$66.6B
| $60.2M | 1.28% |
1,151,751
-98,605
| -8% | -$5.08M |
2013 Q3
3 quarters
|
|
24
Vanguard Morningstar Value ETF
VTV
$197B
| $59.2M | 1.26% |
731,368
-21,154
| -3% | -$1.67M |
2013 Q3
3 quarters
|
|
25
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.34B
| $56M | 1.19% |
447,110
-179,196
| -29% | -$22.3M |
2013 Q3
3 quarters
|
|
Similar funds
AssetMark Inc's Q2 2014 Portfolio in Review
As of Q2 2014, AssetMark Inc held 534 positions worth $4.7B, up 14% from $4.1B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
AssetMark Inc deployed $438M of net new capital in Q2 2014, opening 117 new positions and adding to 150 existing holdings. Its largest new stake was PIMCO 0-5 Year High Yield Corporate Bond Exchange-Traded Fund: 936,564 shares worth $100M.
By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, up from 92% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was iShares 0-1 Year Treasury Bond ETF, an estimated $159M trimmed.
- AssetMark Inc's largest Q2 2014 buy was PIMCO 0-5 Year High Yield Corporate Bond Exchange-Traded Fund: 936,564 shares worth $100M.
- AssetMark Inc added most to State Street Consumer Staples Select Sector SPDR ETF in Q2 2014, an estimated $74.3M increase.
- AssetMark Inc's biggest Q2 2014 reduction was iShares 0-1 Year Treasury Bond ETF, cutting an estimated $159M.
- AssetMark Inc fully exited Barclays in Q2 2014, selling an estimated $2.07M.
- AssetMark Inc's ten largest holdings make up 34% of its $4.7B portfolio in Q2 2014.
- AssetMark Inc opened 117 new positions and closed 11 in Q2 2014.
- AssetMark Inc's portfolio value rose 14% quarter-over-quarter to $4.7B.
Based on AssetMark Inc's 13F filing for Q2 2014, filed 12 Aug 2014.