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 |
State Street SPDR Bloomberg Convertible Securities ETF
CWB
|
+$105M |
| 2 |
iShares MSCI Taiwan ETF
EWT
|
+$96M |
| 3 |
First Trust Dow Jones Internet Index Fund ETF
FDN
|
+$95.4M |
| 4 |
iShares US Medical Devices ETF
IHI
|
+$95.3M |
| 5 |
Vanguard Short-Term Corporate Bond ETF
VCSH
|
+$64.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
|
+$91.7M |
| 2 |
State Street SPDR S&P Insurance ETF
KIE
|
+$91.6M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$82.1M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$77.7M |
| 5 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$62.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 84.82% |
| 2 | Healthcare | 2.72% |
| 3 | Financials | 2.29% |
| 4 | Technology | 2.03% |
| 5 | Real Estate | 1.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Vanguard S&P 500 ETF
VOO
$1.04T
| $428M | 5.39% |
1,927,752
-134,343
| -7% | -$29.6M |
2013 Q3
15 quarters
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $275M | 3.46% |
1,137,372
-51,460
| -4% | -$12.3M |
2013 Q3
15 quarters
|
|
3
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.28B
| $257M | 3.23% |
2,299,028
+210,027
| +10% | +$23.4M |
2013 Q3
15 quarters
|
|
|
4
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$18.1B
| $252M | 3.17% |
2,852,748
-932,775
| -25% | -$82.1M |
2013 Q3
15 quarters
|
|
5
Vanguard Morningstar Value ETF
VTV
$195B
| $156M | 1.96% |
1,613,860
-233,379
| -13% | -$22.3M |
2013 Q3
15 quarters
|
|
6
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $152M | 1.91% |
3,671,288
+820,930
| +29% | +$33.5M |
2013 Q3
15 quarters
|
|
7
Vanguard Morningstar Growth ETF
VUG
$219B
| $149M | 1.87% |
7,027,482
+168,006
| +2% | +$3.52M |
2013 Q3
15 quarters
|
|
8
iShares Core MSCI Emerging Markets ETF
IEMG
$146B
| $147M | 1.85% |
2,934,890
+292,805
| +11% | +$14.4M |
2013 Q3
15 quarters
|
|
9
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$19.6B
| $145M | 1.83% |
2,646,652
-727,698
| -22% | -$39.9M |
2014 Q1
13 quarters
|
|
10
iShares Core MSCI EAFE ETF
IEFA
$193B
| $144M | 1.81% |
2,358,659
+267,372
| +13% | +$16.1M |
2013 Q4
14 quarters
|
|
11
Vanguard Morningstar Mega Cap Value ETF
MGV
$14.2B
| $139M | 1.74% |
1,999,530
+286,212
| +17% | +$19.7M |
2015 Q2
8 quarters
|
|
12
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.1B
| $131M | 1.64% |
4,487,149
+468,425
| +12% | +$13.5M |
2013 Q3
15 quarters
|
|
13
Vanguard Morningstar Mega Cap Growth ETF
MGK
$32.5B
| $130M | 1.63% |
6,491,205
+825,965
| +15% | +$16.4M |
2015 Q2
8 quarters
|
|
14
iShares TIPS Bond ETF
TIP
$14.6B
| $127M | 1.6% |
1,120,729
+232,268
| +26% | +$26.5M |
2013 Q3
15 quarters
|
|
|
15
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.21B
| $107M | 1.35% |
2,154,558
+2,154,531
| +7,979,744% | +$105M |
2016 Q3
3 quarters
|
|
|
16
iShares US Medical Devices ETF
IHI
$4.1B
| $100M | 1.26% |
3,600,342
+3,600,180
| +2,222,333% | +$95.3M |
2017 Q1
1 quarter
|
|
|
17
iShares MSCI Taiwan ETF
EWT
$10.1B
| $100M | 1.26% |
+2,795,317
| New | +$96M |
2017 Q2
0 quarters
|
|
18
iShares US Aerospace & Defense ETF
ITA
$12.2B
| $98.1M | 1.23% |
3,740,424
-37,038
| -1% | -$953K |
2017 Q1
1 quarter
|
|
|
19
First Trust Dow Jones Internet Index Fund ETF
FDN
$4.82B
| $97.3M | 1.22% |
1,027,168
+1,027,161
| +14,673,729% | +$95.4M |
2017 Q1
1 quarter
|
|
20
iShares US Consumer Discretionary ETF
IYC
$1.57B
| $95.1M | 1.2% |
2,317,660
-948
| -0% | -$39K |
2014 Q2
12 quarters
|
|
21
iShares Semiconductor ETF
SOXX
$42.1B
| $94.5M | 1.19% |
6,066,423
-257,733
| -4% | -$4.05M |
2016 Q2
4 quarters
|
|
22
iShares Core MSCI Europe ETF
IEUR
$9.9B
| $89.2M | 1.12% |
1,904,213
-56,340
| -3% | -$2.62M |
2015 Q3
7 quarters
|
|
23
Vanguard Morningstar Small-Cap Growth ETF
VBK
$22.6B
| $87.7M | 1.1% |
601,708
+11,718
| +2% | +$1.68M |
2013 Q3
15 quarters
|
|
24
iShares 20+ Year Treasury Bond ETF
TLT
$49.1B
| $86.1M | 1.08% |
687,914
-42,008
| -6% | -$5.19M |
2013 Q3
15 quarters
|
|
25
iShares Core MSCI Pacific ETF
IPAC
$2.66B
| $80.9M | 1.02% |
1,493,290
-12,105
| -0.8% | -$649K |
2015 Q3
7 quarters
|
|
Similar funds
AssetMark Inc's Q2 2017 Portfolio in Review
As of Q2 2017, AssetMark Inc held 1,575 positions worth $7.95B, up 4.4% from $7.61B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
AssetMark Inc's Q2 2017 filing shows 215 new, 593 increased, 411 reduced and 102 closed positions. Its largest new stake was iShares MSCI Taiwan ETF: 2,795,317 shares worth $100M. The largest sale was SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML), an estimated $91.7M.
By sector, the portfolio is most concentrated in Miscellaneous at 85% of assets, down from 85% a quarter earlier, followed by Healthcare and Financials.
- AssetMark Inc's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,795,317 shares worth $100M.
- AssetMark Inc added most to State Street SPDR Bloomberg Convertible Securities ETF in Q2 2017, an estimated $105M increase.
- AssetMark Inc's biggest Q2 2017 reduction was State Street SPDR S&P Insurance ETF, cutting an estimated $91.6M.
- AssetMark Inc fully exited SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML) in Q2 2017, selling an estimated $91.7M.
- AssetMark Inc's ten largest holdings make up 26% of its $7.95B portfolio in Q2 2017.
- AssetMark Inc opened 215 new positions and closed 102 in Q2 2017.
- AssetMark Inc's portfolio value rose 4.4% quarter-over-quarter to $7.95B.
Based on AssetMark Inc's 13F filing for Q2 2017, filed 15 Aug 2017.