Choreo LLC Portfolio holdings
Choreo is a wealth management firm that grew out of the wealth arm of the accounting firm RSM and focuses on tax and financial planning for business owners, CPAs and individuals. Private equity firm Parthenon Capital agreed to buy RSM's wealth business and rename it Choreo, and the firm used the RSM US Wealth Management name until 2022; RSM said it wanted to focus on audit, tax and consulting. Private investment funds sponsored by Parthenon are its majority owner. Choreo has given investment advice since 2000, building portfolios from managers and funds chosen for each part of an asset allocation model that starts from global stock and US bond index weights. Its clients include high net worth individuals, family offices and retirement plans.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Trust North American Energy Infrastructure Fund
EMLP
|
+$2.1M |
| 2 |
iShares Preferred and Income Securities ETF
PFF
|
+$1.18M |
| 3 |
Verizon
VZ
|
+$836K |
| 4 |
HMN Financial Inc
HMNF
|
+$743K |
| 5 |
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
|
+$671K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KONA
Kona Grill, Inc.
KONA
|
+$2.07M |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$816K |
| 3 |
Avient
AVNT
|
+$783K |
| 4 |
iShares Russell 1000 ETF
IWB
|
+$510K |
| 5 |
iShares Russell 1000 Value ETF
IWD
|
+$431K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 79.46% |
| 2 | Consumer Discretionary | 4.24% |
| 3 | Financials | 3.89% |
| 4 | Energy | 2.63% |
| 5 | Consumer Staples | 1.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Russell 1000 Growth ETF
IWF
$118B
| $41.4M | 11.71% |
1,821,724
-37,200
| -2% | -$816K |
2014 Q1
1 quarter
|
|
|
2
iShares Russell 1000 ETF
IWB
$47.7B
| $33.5M | 9.46% |
304,053
-4,790
| -2% | -$510K |
2014 Q1
1 quarter
|
|
|
3
iShares Russell 1000 Value ETF
IWD
$84.7B
| $29.2M | 8.26% |
288,704
-4,400
| -2% | -$431K |
2014 Q1
1 quarter
|
|
4
iShares MSCI EAFE ETF
EFA
$77.9B
| $16.6M | 4.69% |
236,732
-2,062
| -0.9% | -$141K |
2014 Q1
1 quarter
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $16.1M | 4.56% |
81,978
+800
| +1% | +$152K |
2014 Q1
1 quarter
|
|
6
Vanguard Real Estate ETF
VNQ
$39B
| $15.6M | 4.4% |
208,216
+4,532
| +2% | +$333K |
2014 Q1
1 quarter
|
|
7
iShares Russell 2000 ETF
IWM
$78.5B
| $14.7M | 4.16% |
123,998
-2,025
| -2% | -$230K |
2014 Q1
1 quarter
|
|
8
iShares Russell 2000 Growth ETF
IWO
$14.2B
| $13.8M | 3.89% |
99,507
-508
| -0.5% | -$66.8K |
2014 Q1
1 quarter
|
|
9
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.9B
| $13.6M | 3.84% |
253,800
+694
| +0.3% | +$36.3K |
2014 Q1
1 quarter
|
|
10
iShares Russell 2000 Value ETF
IWN
$14.2B
| $12.4M | 3.51% |
120,297
+1,260
| +1% | +$125K |
2014 Q1
1 quarter
|
|
|
KONA
11
DELISTED
Kona Grill, Inc.
KONA
| $11.5M | 3.24% |
590,302
-100,000
| -14% | -$2.07M |
2014 Q1
1 quarter
|
|
12
iShares S&P 500 Growth ETF
IVW
$73.6B
| $8.69M | 2.46% |
330,524
-10,732
| -3% | -$272K |
2014 Q1
1 quarter
|
|
13
iShares Core S&P 500 ETF
IVV
$873B
| $7.76M | 2.19% |
39,418
+1,624
| +4% | +$311K |
2014 Q1
1 quarter
|
|
14
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $7.4M | 2.09% |
173,639
+6,357
| +4% | +$268K |
2014 Q1
1 quarter
|
|
15
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $6.18M | 1.75% |
117,948
-7,573
| -6% | -$373K |
2014 Q1
1 quarter
|
|
16
Vanguard Morningstar Total Stock Market ETF
VTI
$688B
| $5.87M | 1.66% |
57,695
+344
| +0.6% | +$33.9K |
2014 Q1
1 quarter
|
|
17
Vanguard FTSE Emerging Markets ETF
VWO
$120B
| $4.94M | 1.4% |
114,489
+3,340
| +3% | +$141K |
2014 Q1
1 quarter
|
|
18
SEI Investments
SEIC
$12.9B
| $4.12M | 1.17% |
125,791
| – | – |
2014 Q1
1 quarter
|
|
19
Duke Energy
DUK
$100B
| $3.11M | 0.88% |
41,940
-307
| -0.7% | -$22.1K |
2014 Q1
1 quarter
|
|
|
20
DELISTED
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
| $2.85M | 0.81% |
64,007
+16,057
| +33% | +$671K |
2014 Q1
1 quarter
|
|
21
First Trust Morningstar Dividend Leaders Index Fund
FDL
$8.4B
| $2.81M | 0.79% |
117,302
+8,489
| +8% | +$197K |
2014 Q1
1 quarter
|
|
22
iShares Russell Mid-Cap ETF
IWR
$58.4B
| $2.57M | 0.73% |
63,324
-6,244
| -9% | -$243K |
2014 Q1
1 quarter
|
|
23
iShares Russell Mid-Cap Value ETF
IWS
$15.1B
| $2.41M | 0.68% |
33,237
-1,719
| -5% | -$120K |
2014 Q1
1 quarter
|
|
|
24
Verizon
VZ
$191B
| $2.38M | 0.67% |
48,733
+17,261
| +55% | +$836K |
2014 Q1
1 quarter
|
|
25
ExxonMobil
XOM
$672B
| $2.34M | 0.66% |
23,216
-1,170
| -5% | -$118K |
2014 Q1
1 quarter
|
|
Similar funds
Choreo LLC's Q2 2014 Portfolio in Review
As of Q2 2014, Choreo LLC held 153 positions worth $354M, up 3.9% from $341M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Choreo LLC's Q2 2014 filing shows 14 new, 35 increased, 70 reduced and 8 closed positions. Its largest new stake was First Trust North American Energy Infrastructure Fund: 82,370 shares worth $2.23M. The largest sale was Kona Grill, Inc., an estimated $2.07M.
By sector, the portfolio is most concentrated in Miscellaneous at 79% of assets, up from 78% a quarter earlier, followed by Consumer Discretionary and Financials.
- Choreo LLC's largest Q2 2014 buy was First Trust North American Energy Infrastructure Fund: 82,370 shares worth $2.23M.
- Choreo LLC added most to Verizon in Q2 2014, an estimated $836K increase.
- Choreo LLC's biggest Q2 2014 reduction was Kona Grill, Inc., cutting an estimated $2.07M.
- Choreo LLC fully exited Gilead Sciences in Q2 2014, selling an estimated $321K.
- Choreo LLC's ten largest holdings make up 58% of its $354M portfolio in Q2 2014.
- Choreo LLC opened 14 new positions and closed 8 in Q2 2014.
- Choreo LLC's portfolio value rose 3.9% quarter-over-quarter to $354M.
Based on Choreo LLC's 13F filing for Q2 2014, filed 4 Jun 2020.