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 |
iShares Floating Rate Bond ETF
FLOT
|
+$171M |
| 2 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$113M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$105M |
| 4 |
iShares Russell Mid-Cap Value ETF
IWS
|
+$95.4M |
| 5 |
iShares US Financials ETF
IYF
|
+$94.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Belgium ETF
EWK
|
+$105M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$69.6M |
| 3 |
iShares US Telecommunications ETF
IYZ
|
+$65.7M |
| 4 |
iShares Russell 1000 ETF
IWB
|
+$65M |
| 5 |
iShares US Utilities ETF
IDU
|
+$62.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 87.21% |
| 2 | Healthcare | 2.21% |
| 3 | Financials | 1.61% |
| 4 | Real Estate | 1.56% |
| 5 | Technology | 1.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Vanguard S&P 500 ETF
VOO
$1.05T
| $313M | 4.76% |
1,574,638
-90,387
| -5% | -$17.9M |
2013 Q3
12 quarters
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $235M | 3.58% |
1,087,089
+89,451
| +9% | +$19.3M |
2013 Q3
12 quarters
|
|
|
3
iShares Floating Rate Bond ETF
FLOT
$11.7B
| $208M | 3.16% |
4,091,374
+3,376,492
| +472% | +$171M |
2013 Q3
12 quarters
|
|
|
4
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$19.5B
| $175M | 2.66% |
3,136,478
+2,028,540
| +183% | +$113M |
2014 Q1
10 quarters
|
|
5
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.26B
| $172M | 2.61% |
1,556,834
+223,676
| +17% | +$24.3M |
2013 Q3
12 quarters
|
|
6
Vanguard Morningstar Value ETF
VTV
$197B
| $165M | 2.51% |
1,896,742
+244,702
| +15% | +$21.3M |
2013 Q3
12 quarters
|
|
|
7
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$18B
| $165M | 2.51% |
1,889,596
+1,215,014
| +180% | +$105M |
2013 Q3
12 quarters
|
|
8
iShares 1-3 Year Treasury Bond ETF
SHY
$27.4B
| $103M | 1.57% |
1,216,466
+682,737
| +128% | +$58.1M |
2013 Q3
12 quarters
|
|
9
Vanguard Morningstar Growth ETF
VUG
$223B
| $102M | 1.55% |
5,436,426
-253,512
| -4% | -$4.72M |
2013 Q3
12 quarters
|
|
|
10
iShares Russell Mid-Cap Value ETF
IWS
$15.2B
| $101M | 1.53% |
1,311,351
+1,250,355
| +2,050% | +$95.4M |
2016 Q1
2 quarters
|
|
11
iShares Core MSCI EAFE ETF
IEFA
$192B
| $100M | 1.52% |
1,815,325
-58,983
| -3% | -$3.18M |
2013 Q4
11 quarters
|
|
12
iShares 20+ Year Treasury Bond ETF
TLT
$48.4B
| $97.8M | 1.49% |
711,556
+6,320
| +0.9% | +$877K |
2013 Q3
12 quarters
|
|
13
iShares US Consumer Discretionary ETF
IYC
$1.57B
| $97.8M | 1.49% |
2,658,264
-192,896
| -7% | -$7.13M |
2014 Q2
9 quarters
|
|
14
iShares US Healthcare ETF
IYH
$4.79B
| $97.1M | 1.48% |
3,233,085
-316,950
| -9% | -$9.7M |
2013 Q3
12 quarters
|
|
15
iShares US Industrials ETF
IYJ
$1.85B
| $95.6M | 1.45% |
1,672,858
-191,076
| -10% | -$10.9M |
2016 Q2
1 quarter
|
|
16
iShares Global Healthcare ETF
IXJ
$4.69B
| $95.3M | 1.45% |
1,891,072
-168,378
| -8% | -$8.65M |
2016 Q1
2 quarters
|
|
|
17
iShares US Financials ETF
IYF
$3.85B
| $94.9M | 1.44% |
2,108,142
+2,107,838
| +693,368% | +$94.5M |
2013 Q3
12 quarters
|
|
18
iShares Core MSCI Emerging Markets ETF
IEMG
$149B
| $91.4M | 1.39% |
2,003,168
-16,822
| -0.8% | -$747K |
2013 Q3
12 quarters
|
|
19
State Street SPDR Dow Jones REIT ETF
RWR
$1.88B
| $91M | 1.38% |
934,851
+101,471
| +12% | +$10.2M |
2013 Q3
12 quarters
|
|
20
State Street SPDR Portfolio Aggregate Bond Index ETF
SPAB
$10.2B
| $87M | 1.32% |
2,938,282
-522,238
| -15% | -$15.5M |
2013 Q3
12 quarters
|
|
21
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33B
| $86.2M | 1.31% |
4,926,370
+2,407,565
| +96% | +$41.9M |
2015 Q2
5 quarters
|
|
22
Vanguard Morningstar Mega Cap Value ETF
MGV
$14.3B
| $85.7M | 1.3% |
1,367,493
+668,544
| +96% | +$42.1M |
2015 Q2
5 quarters
|
|
23
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $84.4M | 1.28% |
2,256,315
-818,845
| -27% | -$30.1M |
2013 Q3
12 quarters
|
|
24
iShares Preferred and Income Securities ETF
PFF
$11.6B
| $83.9M | 1.28% |
2,123,167
-42,694
| -2% | -$1.7M |
2013 Q3
12 quarters
|
|
25
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.2B
| $75.7M | 1.15% |
2,861,545
-697,256
| -20% | -$18.1M |
2013 Q3
12 quarters
|
|
Similar funds
AssetMark Inc's Q3 2016 Portfolio in Review
As of Q3 2016, AssetMark Inc held 1,343 positions worth $6.58B, up 11% from $5.95B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
AssetMark Inc deployed $474M of net new capital in Q3 2016, opening 114 new positions and adding to 440 existing holdings. Its largest new stake was iShares Select U.S. REIT ETF: 1,074,910 shares worth $56.4M.
By sector, the portfolio is most concentrated in Miscellaneous at 87% of assets, down from 87% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was iShares MSCI Belgium ETF, an estimated $105M trimmed.
- AssetMark Inc's largest Q3 2016 buy was iShares Select U.S. REIT ETF: 1,074,910 shares worth $56.4M.
- AssetMark Inc added most to iShares Floating Rate Bond ETF in Q3 2016, an estimated $171M increase.
- AssetMark Inc's biggest Q3 2016 reduction was iShares MSCI Belgium ETF, cutting an estimated $105M.
- AssetMark Inc fully exited iShares US Telecommunications ETF in Q3 2016, selling an estimated $65.7M.
- AssetMark Inc's ten largest holdings make up 26% of its $6.58B portfolio in Q3 2016.
- AssetMark Inc opened 114 new positions and closed 86 in Q3 2016.
- AssetMark Inc's portfolio value rose 11% quarter-over-quarter to $6.58B.
Based on AssetMark Inc's 13F filing for Q3 2016, filed 4 Nov 2016.