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
|
+$2.87M |
| 2 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$1.19M |
| 3 |
Ellington Financial
EFC
|
+$1.17M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$470K |
| 5 |
Procter & Gamble
PG
|
+$465K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LendingTree
TREE
|
+$19.4M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.93M |
| 3 |
Blackstone
BX
|
+$3.65M |
| 4 |
Goldman Sachs
GS
|
+$830K |
| 5 |
Enterprise Products Partners
EPD
|
+$501K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 60.91% |
| 2 | Miscellaneous | 20.67% |
| 3 | Healthcare | 10.09% |
| 4 | Financials | 5.08% |
| 5 | Real Estate | 1.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Brown-Forman Class A
BF.A
$14.4B
| $483M | 59.7% |
10,830,765
| – | – |
2013 Q2
8 quarters
|
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $153M | 18.92% |
743,181
-23,469
| -3% | -$4.93M |
2013 Q2
8 quarters
|
|
3
Merck
MRK
$367B
| $43.4M | 5.36% |
798,161
| – | – |
2014 Q4
2 quarters
|
|
4
Humana
HUM
$50.8B
| $25.4M | 3.14% |
132,761
| – | – |
2013 Q2
8 quarters
|
|
|
5
Goldman Sachs
GS
$261B
| $18.2M | 2.25% |
87,316
-4,072
| -4% | -$830K |
2013 Q2
8 quarters
|
|
|
ESRX
6
DELISTED
Express Scripts Holding Company
ESRX
| $12.2M | 1.5% |
136,666
| – | – |
2014 Q4
2 quarters
|
|
|
7
Ellington Financial
EFC
$1.48B
| $8.86M | 1.1% |
478,476
+59,200
| +14% | +$1.17M |
2013 Q2
8 quarters
|
|
8
Brown-Forman Class B
BF.B
$13.9B
| $7.59M | 0.94% |
236,822
-2,353
| -1% | -$71.4K |
2013 Q2
8 quarters
|
|
|
9
Vanguard Total World Stock ETF
VT
$83.1B
| $6.02M | 0.75% |
97,927
+45,365
| +86% | +$2.87M |
2014 Q4
2 quarters
|
|
10
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $4.54M | 0.56% |
105,000
| – | – |
2013 Q4
6 quarters
|
|
|
11
Blackstone
BX
$98.1B
| $3.8M | 0.47% |
94,757
-88,761
| -48% | -$3.65M |
2014 Q3
3 quarters
|
|
12
Brookfield
BN
$95.9B
| $3.26M | 0.4% |
265,559
-5
| -0% | -$64 |
2014 Q3
3 quarters
|
|
|
AVTA
13
DELISTED
Avantax, Inc. Common Stock
AVTA
| $3.23M | 0.4% |
200,000
| – | – |
2013 Q4
6 quarters
|
|
|
POT
14
DELISTED
Potash Corp Of Saskatchewan
POT
| $2.64M | 0.33% |
85,266
+1,266
| +2% | +$40.5K |
2014 Q3
3 quarters
|
|
15
Gartner
IT
$12B
| $1.89M | 0.23% |
22,020
+3,044
| +16% | +$261K |
2013 Q2
8 quarters
|
|
|
HAR
16
DELISTED
Harman International Industries
HAR
| $1.8M | 0.22% |
15,100
| – | – |
2013 Q2
8 quarters
|
|
17
SPDR Gold Trust
GLD
$138B
| $1.36M | 0.17% |
12,085
-1,165
| -9% | -$133K |
2013 Q2
8 quarters
|
|
|
ATVI
18
DELISTED
Activision Blizzard
ATVI
| $1.35M | 0.17% |
55,800
| – | – |
2013 Q2
8 quarters
|
|
19
UBS Group
UBS
$148B
| $1.32M | 0.16% |
62,245
| – | – |
2014 Q4
2 quarters
|
|
20
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $1.27M | 0.16% |
42,285
-11,270
| -21% | -$344K |
2014 Q3
3 quarters
|
|
|
21
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $1.16M | 0.14% |
+24,318
| New | +$1.19M |
2015 Q2
0 quarters
|
|
|
CIT
22
DELISTED
CIT Group Inc.
CIT
| $1.08M | 0.13% |
23,130
| – | – |
2014 Q3
3 quarters
|
|
23
Berkshire Hathaway Class A
BRK.A
$1.21T
| $1.02M | 0.13% |
5
| – | – |
2013 Q2
8 quarters
|
|
24
Artisan Partners
APAM
$2.83B
| $929K | 0.11% |
20,000
| – | – |
2014 Q1
5 quarters
|
|
25
PepsiCo
PEP
$193B
| $893K | 0.11% |
9,570
-263
| -3% | -$25.1K |
2013 Q2
8 quarters
|
|
Similar funds
BBR Partners's Q2 2015 Portfolio in Review
As of Q2 2015, BBR Partners held 87 positions worth $808M, up 9.2% from $740M the previous quarter. Its ten largest holdings account for 94% of the portfolio.
BBR Partners withdrew a net $24.7M in Q2 2015, closing 11 positions and reducing 19 holdings. Its most notable exit was LendingTree, an estimated $19.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 61% of assets, up from 54% a quarter earlier, followed by Miscellaneous and Healthcare.
Against the trend, BBR Partners opened a new position in State Street Consumer Staples Select Sector SPDR ETF worth $1.16M.
- BBR Partners's largest Q2 2015 buy was State Street Consumer Staples Select Sector SPDR ETF: 24,318 shares worth $1.16M.
- BBR Partners added most to Vanguard Total World Stock ETF in Q2 2015, an estimated $2.87M increase.
- BBR Partners's biggest Q2 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.93M.
- BBR Partners fully exited LendingTree in Q2 2015, selling an estimated $19.4M.
- BBR Partners's ten largest holdings make up 94% of its $808M portfolio in Q2 2015.
- BBR Partners opened 8 new positions and closed 11 in Q2 2015.
- BBR Partners's portfolio value rose 9.2% quarter-over-quarter to $808M.
Based on BBR Partners's 13F filing for Q2 2015, filed 4 Aug 2015.