BBR Partners Portfolio holdings
BBR Partners is a multi-family office that advises high net worth families and individuals, and it may spread their money across a range of outside investment managers and strategies. It was founded in 2000 by Brett Barth, Arthur Black and Evan Roth, all former Goldman Sachs executives; Roth had also run private accounts at Global Asset Management. Barth and Roth share the chief executive role and are the principal controllers of the firm's holding company. The firm does due diligence on the managers it hires, and it runs its own BBR Funds that pool client money in diversified portfolios of alternative and other investments.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total World Stock ETF
VT
|
+$11.1M |
| 2 |
LendingTree
TREE
|
+$8.05M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.89M |
| 4 |
Apple
AAPL
|
+$524K |
| 5 |
Ares Capital
ARCC
|
+$344K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Humana
HUM
|
+$1.6M |
| 2 |
Goldman Sachs
GS
|
+$1.31M |
| 3 |
Apollo Commercial Real Estate
ARI
|
+$499K |
| 4 |
LKM
Link Motion Inc.
LKM
|
+$352K |
| 5 |
ExxonMobil
XOM
|
+$56.4K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 53.65% |
| 2 | Miscellaneous | 26.91% |
| 3 | Healthcare | 11.32% |
| 4 | Financials | 6.12% |
| 5 | Technology | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Brown-Forman Class A
BF.A
$14.2B
| $341M | 52.37% |
9,239,515
| – | – |
2013 Q2
4 quarters
|
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$794B
| $147M | 22.51% |
749,356
+9,929
| +1% | +$1.89M |
2013 Q2
4 quarters
|
|
3
Merck
MRK
$362B
| $44.1M | 6.76% |
798,161
| – | – |
2013 Q2
4 quarters
|
|
|
4
Vanguard Total World Stock ETF
VT
$82.7B
| $26M | 3.99% |
417,590
+182,579
| +78% | +$11.1M |
2013 Q2
4 quarters
|
|
|
5
Humana
HUM
$51.1B
| $19.4M | 2.97% |
151,707
-13,535
| -8% | -$1.6M |
2013 Q2
4 quarters
|
|
|
6
Goldman Sachs
GS
$262B
| $18.1M | 2.78% |
108,318
-8,095
| -7% | -$1.31M |
2013 Q2
4 quarters
|
|
|
ESRX
7
DELISTED
Express Scripts Holding Company
ESRX
| $9.48M | 1.45% |
136,666
| – | – |
2013 Q2
4 quarters
|
|
|
8
LendingTree
TREE
$504M
| $8.6M | 1.32% |
+295,202
| New | +$8.05M |
2014 Q2
0 quarters
|
|
9
Brown-Forman Class B
BF.B
$13.8B
| $7.14M | 1.1% |
236,822
| – | – |
2013 Q2
4 quarters
|
|
|
AVTA
10
DELISTED
Avantax, Inc. Common Stock
AVTA
| $4.34M | 0.67% |
230,000
| – | – |
2013 Q4
2 quarters
|
|
11
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $3.99M | 0.61% |
105,000
| – | – |
2013 Q4
2 quarters
|
|
12
DELISTED
ROCKWOOD HLDGS INC
ROC
| $2.05M | 0.31% |
26,930
| – | – |
2013 Q2
4 quarters
|
|
|
HAR
13
DELISTED
Harman International Industries
HAR
| $1.62M | 0.25% |
15,107
+7
| +0% | +$743 |
2013 Q2
4 quarters
|
|
14
Gartner
IT
$11.9B
| $1.29M | 0.2% |
18,230
+3,567
| +24% | +$249K |
2013 Q2
4 quarters
|
|
15
Artisan Partners
APAM
$2.8B
| $1.13M | 0.17% |
20,000
| – | – |
2014 Q1
1 quarter
|
|
16
Berkshire Hathaway Class A
BRK.A
$1.22T
| $950K | 0.15% |
5
| – | – |
2013 Q2
4 quarters
|
|
17
DELISTED
Discover Financial Services
DFS
| $941K | 0.14% |
15,188
| – | – |
2013 Q2
4 quarters
|
|
18
Avis
CAR
$4.38B
| $895K | 0.14% |
15,000
| – | – |
2013 Q2
4 quarters
|
|
19
PepsiCo
PEP
$193B
| $726K | 0.11% |
8,130
+30
| +0.4% | +$2.59K |
2013 Q2
4 quarters
|
|
|
ATVI
20
DELISTED
Activision Blizzard
ATVI
| $709K | 0.11% |
31,800
| – | – |
2013 Q2
4 quarters
|
|
21
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.26B
| $670K | 0.1% |
15,493
| – | – |
2013 Q2
4 quarters
|
|
22
iShares International Select Dividend ETF
IDV
$8.36B
| $660K | 0.1% |
16,546
| – | – |
2013 Q2
4 quarters
|
|
|
23
ExxonMobil
XOM
$667B
| $657K | 0.1% |
6,523
-559
| -8% | -$56.4K |
2013 Q2
4 quarters
|
|
24
Ellington Financial
EFC
$1.47B
| $653K | 0.1% |
27,193
| – | – |
2013 Q2
4 quarters
|
|
|
25
Ares Capital
ARCC
$13.9B
| $646K | 0.1% |
36,153
+20,050
| +125% | +$344K |
2013 Q3
3 quarters
|
|
Similar funds
BBR Partners's Q2 2014 Portfolio in Review
As of Q2 2014, BBR Partners held 54 positions worth $652M, up 7.3% from $607M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
BBR Partners deployed $19.6M of net new capital in Q2 2014, opening 8 new positions and adding to 10 existing holdings. Its largest new stake was LendingTree: 295,202 shares worth $8.6M.
By sector, the portfolio is most concentrated in Consumer Staples at 54% of assets, down from 55% a quarter earlier, followed by Miscellaneous and Healthcare.
On the sell side, the largest reduction was Humana, an estimated $1.6M trimmed.
- BBR Partners's largest Q2 2014 buy was LendingTree: 295,202 shares worth $8.6M.
- BBR Partners added most to Vanguard Total World Stock ETF in Q2 2014, an estimated $11.1M increase.
- BBR Partners's biggest Q2 2014 reduction was Humana, cutting an estimated $1.6M.
- BBR Partners fully exited Apollo Commercial Real Estate in Q2 2014, selling an estimated $499K.
- BBR Partners's ten largest holdings make up 96% of its $652M portfolio in Q2 2014.
- BBR Partners opened 8 new positions and closed 2 in Q2 2014.
- BBR Partners's portfolio value rose 7.3% quarter-over-quarter to $652M.
Based on BBR Partners's 13F filing for Q2 2014, filed 12 Aug 2014.