Caprock Group Portfolio holdings
Caprock Group is a fee-only multi-family office, a firm that manages all of a family's assets together rather than just their investments. Mark Gustafson, Richard Rock, William Gilbert Jr. and Gregory Brown co-founded the firm in August 2005. Caprock can hand part of a client's portfolio to independent outside investment managers. An affiliate, Caprock Management, runs the Private Select Partners funds, which pool investors' money to meet the minimums of outside private investment funds. Clients include individuals and families, along with charitable institutions, foundations and endowments.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
|
+$5.37M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$3.44M |
| 3 |
Invesco Financial Preferred ETF
PGF
|
+$2.71M |
| 4 |
WisdomTree Europe Hedged Equity Fund
HEDJ
|
+$1.81M |
| 5 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$1.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Expeditors International
EXPD
|
+$3.14M |
| 2 |
Apollo Commercial Real Estate
ARI
|
+$1.55M |
| 3 |
Blackstone Mortgage Trust
BXMT
|
+$1.39M |
| 4 |
Simon Property Group
SPG
|
+$1.29M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$1.13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 45.08% |
| 2 | Financials | 8.78% |
| 3 | Technology | 8.57% |
| 4 | Healthcare | 8.49% |
| 5 | Consumer Staples | 6.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $21M | 5.27% |
573,632
+30,986
| +6% | +$1.13M |
2015 Q3
5 quarters
|
|
|
2
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $20.6M | 5.18% |
651,448
+175,780
| +37% | +$5.37M |
2015 Q4
4 quarters
|
|
3
Vanguard Morningstar Total Stock Market ETF
VTI
$690B
| $16.7M | 4.2% |
144,653
+5,466
| +4% | +$615K |
2015 Q3
5 quarters
|
|
4
Vanguard S&P 500 ETF
VOO
$1.04T
| $16.2M | 4.07% |
78,710
+4,745
| +6% | +$952K |
2014 Q4
8 quarters
|
|
5
Invesco QQQ Trust
QQQ
$461B
| $14.2M | 3.56% |
119,426
-7,855
| -6% | -$927K |
2014 Q4
8 quarters
|
|
6
Vanguard Morningstar Mid-Cap ETF
VO
$108B
| $10.1M | 2.55% |
307,424
+14,408
| +5% | +$466K |
2015 Q1
7 quarters
|
|
7
PayPal
PYPL
$50.1B
| $9.08M | 2.28% |
230,030
-20,490
| -8% | -$824K |
2016 Q1
3 quarters
|
|
8
Costco
COST
$470B
| $8.76M | 2.2% |
54,684
-2,201
| -4% | -$336K |
2014 Q4
8 quarters
|
|
9
US Bancorp
USB
$95.6B
| $7.29M | 1.83% |
141,902
-11,056
| -7% | -$526K |
2014 Q4
8 quarters
|
|
10
Vanguard Morningstar Small-Cap ETF
VB
$80.1B
| $7.19M | 1.81% |
55,774
+794
| +1% | +$98.5K |
2015 Q1
7 quarters
|
|
|
11
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.79B
| $7.12M | 1.79% |
248,248
+66,120
| +36% | +$1.81M |
2015 Q3
5 quarters
|
|
12
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $6.59M | 1.66% |
29,494
-4,849
| -14% | -$1.06M |
2014 Q4
8 quarters
|
|
13
Apple
AAPL
$5.11T
| $6.52M | 1.64% |
225,080
-30,404
| -12% | -$862K |
2014 Q4
8 quarters
|
|
14
Microsoft
MSFT
$4.07T
| $5.87M | 1.48% |
94,401
-6,001
| -6% | -$361K |
2014 Q4
8 quarters
|
|
15
Vanguard Morningstar Value ETF
VTV
$196B
| $5.82M | 1.46% |
62,558
+867
| +1% | +$77.6K |
2015 Q4
4 quarters
|
|
16
eBay
EBAY
$53.4B
| $5.66M | 1.42% |
190,504
-1,348
| -0.7% | -$39.8K |
2014 Q4
8 quarters
|
|
|
17
iShares MSCI EAFE ETF
EFA
$78B
| $5.46M | 1.37% |
94,601
-19,558
| -17% | -$1.13M |
2014 Q4
8 quarters
|
|
18
Procter & Gamble
PG
$391B
| $5.22M | 1.31% |
62,047
-11,805
| -16% | -$1.01M |
2014 Q4
8 quarters
|
|
19
Johnson & Johnson
JNJ
$680B
| $5.14M | 1.29% |
44,650
-4,671
| -9% | -$540K |
2014 Q4
8 quarters
|
|
|
20
Invesco Financial Preferred ETF
PGF
$596M
| $4.63M | 1.17% |
257,934
+147,773
| +134% | +$2.71M |
2016 Q3
1 quarter
|
|
21
GE Aerospace
GE
$349B
| $4.02M | 1.01% |
26,570
-7,247
| -21% | -$1.05M |
2014 Q4
8 quarters
|
|
|
22
iShares Russell 1000 ETF
IWB
$47.8B
| $3.76M | 0.95% |
30,194
+28,322
| +1,513% | +$3.44M |
2014 Q4
8 quarters
|
|
23
SPDR Gold Trust
GLD
$138B
| $3.73M | 0.94% |
34,063
-7,737
| -19% | -$898K |
2014 Q4
8 quarters
|
|
24
Cisco
CSCO
$390B
| $3.16M | 0.8% |
104,748
-27,708
| -21% | -$845K |
2016 Q1
3 quarters
|
|
25
Pfizer
PFE
$168B
| $3.16M | 0.79% |
102,523
-17,507
| -15% | -$534K |
2014 Q4
8 quarters
|
|
Similar funds
Caprock Group's Q4 2016 Portfolio in Review
As of Q4 2016, Caprock Group held 421 positions worth $397M, down 9.9% from $441M the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Caprock Group withdrew a net $48.5M in Q4 2016, closing 82 positions and reducing 203 holdings. Its most notable exit was Simon Property Group, an estimated $1.29M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 45% of assets, up from 37% a quarter earlier, followed by Financials and Technology.
Against the trend, Caprock Group opened a new position in iShares Short-Term National Muni Bond ETF worth $1.37M.
- Caprock Group's largest Q4 2016 buy was iShares Short-Term National Muni Bond ETF: 13,026 shares worth $1.37M.
- Caprock Group added most to JP Morgan Alerian MLP Index ETN 5/24/24 in Q4 2016, an estimated $5.37M increase.
- Caprock Group's biggest Q4 2016 reduction was Expeditors International, cutting an estimated $3.14M.
- Caprock Group fully exited Simon Property Group in Q4 2016, selling an estimated $1.29M.
- Caprock Group's ten largest holdings make up 33% of its $397M portfolio in Q4 2016.
- Caprock Group opened 57 new positions and closed 82 in Q4 2016.
- Caprock Group's portfolio value fell 9.9% quarter-over-quarter to $397M.
Based on Caprock Group's 13F filing for Q4 2016, filed 24 Jan 2017.