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 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$107M |
| 2 |
Fidelity Limited Term Bond ETF
FLTB
|
+$94.2M |
| 3 |
iShares Global Tech ETF
IXN
|
+$90.1M |
| 4 |
iShares Russell 1000 ETF
IWB
|
+$86.6M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$71.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Floating Rate Bond ETF
FLOT
|
+$120M |
| 2 |
iShares US Industrials ETF
IYJ
|
+$97.9M |
| 3 |
iShares US Financials ETF
IYF
|
+$94.9M |
| 4 |
iShares Global Healthcare ETF
IXJ
|
+$90.7M |
| 5 |
iShares Select U.S. REIT ETF
ICF
|
+$52.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 86.07% |
| 2 | Healthcare | 2.37% |
| 3 | Financials | 2% |
| 4 | Real Estate | 1.59% |
| 5 | Technology | 1.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Vanguard S&P 500 ETF
VOO
$1.04T
| $334M | 4.9% |
1,625,133
+50,495
| +3% | +$10.1M |
2013 Q3
13 quarters
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $277M | 4.08% |
1,241,117
+154,028
| +14% | +$33.6M |
2013 Q3
13 quarters
|
|
|
3
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$18.1B
| $236M | 3.46% |
2,723,095
+833,499
| +44% | +$71.8M |
2013 Q3
13 quarters
|
|
4
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.34B
| $196M | 2.88% |
1,795,394
+238,560
| +15% | +$26M |
2013 Q3
13 quarters
|
|
5
Vanguard Morningstar Value ETF
VTV
$197B
| $182M | 2.67% |
1,953,103
+56,361
| +3% | +$5.05M |
2013 Q3
13 quarters
|
|
6
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$19.5B
| $179M | 2.62% |
3,302,554
+166,076
| +5% | +$9.08M |
2014 Q1
11 quarters
|
|
7
iShares Core MSCI EAFE ETF
IEFA
$192B
| $117M | 1.72% |
2,185,575
+370,250
| +20% | +$19.9M |
2013 Q4
12 quarters
|
|
8
iShares 1-3 Year Treasury Bond ETF
SHY
$27.8B
| $115M | 1.69% |
1,361,589
+145,123
| +12% | +$12.3M |
2013 Q3
13 quarters
|
|
|
9
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.77B
| $114M | 1.67% |
2,406,272
+2,274,152
| +1,721% | +$107M |
2016 Q3
1 quarter
|
|
10
Vanguard Morningstar Growth ETF
VUG
$219B
| $113M | 1.66% |
6,075,768
+639,342
| +12% | +$11.8M |
2013 Q3
13 quarters
|
|
11
iShares Core MSCI Emerging Markets ETF
IEMG
$146B
| $104M | 1.53% |
2,447,221
+444,053
| +22% | +$19.5M |
2013 Q3
13 quarters
|
|
12
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $100M | 1.46% |
2,726,940
+470,625
| +21% | +$17.2M |
2013 Q3
13 quarters
|
|
13
iShares Russell Mid-Cap Value ETF
IWS
$15B
| $95.4M | 1.4% |
1,186,286
-125,065
| -10% | -$9.7M |
2016 Q1
3 quarters
|
|
14
iShares Semiconductor ETF
SOXX
$43.1B
| $94.3M | 1.38% |
6,913,863
+2,150,667
| +45% | +$27.7M |
2016 Q2
2 quarters
|
|
|
15
Fidelity Limited Term Bond ETF
FLTB
$511M
| $93.5M | 1.37% |
1,870,836
+1,870,798
| +4,923,153% | +$94.2M |
2015 Q4
4 quarters
|
|
16
Vanguard Morningstar Mega Cap Value ETF
MGV
$14.4B
| $91.3M | 1.34% |
1,360,402
-7,091
| -0.5% | -$457K |
2015 Q2
6 quarters
|
|
|
17
iShares Russell 1000 ETF
IWB
$47.9B
| $90.5M | 1.33% |
727,403
+711,626
| +4,511% | +$86.6M |
2015 Q3
5 quarters
|
|
18
iShares Russell 1000 Growth ETF
IWF
$118B
| $90.4M | 1.33% |
3,447,284
+1,238,792
| +56% | +$32.2M |
2015 Q3
5 quarters
|
|
|
19
iShares Global Tech ETF
IXN
$8.08B
| $90.2M | 1.32% |
+4,924,848
| New | +$90.1M |
2016 Q4
0 quarters
|
|
20
iShares US Consumer Discretionary ETF
IYC
$1.65B
| $89.5M | 1.31% |
2,370,152
-288,112
| -11% | -$10.7M |
2014 Q2
10 quarters
|
|
|
21
iShares Floating Rate Bond ETF
FLOT
$11.7B
| $87.7M | 1.29% |
1,729,078
-2,362,296
| -58% | -$120M |
2013 Q3
13 quarters
|
|
22
Vanguard Morningstar Mega Cap Growth ETF
MGK
$32.4B
| $86.8M | 1.27% |
4,981,480
+55,110
| +1% | +$955K |
2015 Q2
6 quarters
|
|
23
State Street SPDR Portfolio Aggregate Bond Index ETF
SPAB
$10.4B
| $85.9M | 1.26% |
3,018,362
+80,080
| +3% | +$2.31M |
2013 Q3
13 quarters
|
|
24
State Street SPDR Dow Jones REIT ETF
RWR
$1.91B
| $76.3M | 1.12% |
816,909
-117,942
| -13% | -$10.8M |
2013 Q3
13 quarters
|
|
25
iShares 20+ Year Treasury Bond ETF
TLT
$46.4B
| $76.1M | 1.12% |
638,810
-72,746
| -10% | -$9.11M |
2013 Q3
13 quarters
|
|
Similar funds
AssetMark Inc's Q4 2016 Portfolio in Review
As of Q4 2016, AssetMark Inc held 1,484 positions worth $6.81B, up 3.5% from $6.58B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
AssetMark Inc deployed $263M of net new capital in Q4 2016, opening 225 new positions and adding to 407 existing holdings. Its largest new stake was iShares Global Tech ETF: 4,924,848 shares worth $90.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 86% of assets, down from 87% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was iShares Floating Rate Bond ETF, an estimated $120M trimmed.
- AssetMark Inc's largest Q4 2016 buy was iShares Global Tech ETF: 4,924,848 shares worth $90.2M.
- AssetMark Inc added most to iShares 0-5 Year High Yield Corporate Bond ETF in Q4 2016, an estimated $107M increase.
- AssetMark Inc's biggest Q4 2016 reduction was iShares Floating Rate Bond ETF, cutting an estimated $120M.
- AssetMark Inc fully exited iShares US Financials ETF in Q4 2016, selling an estimated $94.9M.
- AssetMark Inc's ten largest holdings make up 27% of its $6.81B portfolio in Q4 2016.
- AssetMark Inc opened 225 new positions and closed 81 in Q4 2016.
- AssetMark Inc's portfolio value rose 3.5% quarter-over-quarter to $6.81B.
Based on AssetMark Inc's 13F filing for Q4 2016, filed 14 Feb 2017.