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 |
ALPS Equal Sector Weight ETF
EQL
|
+$4.86M |
| 2 |
First Trust North American Energy Infrastructure Fund
EMLP
|
+$4.29M |
| 3 |
Vanguard Information Technology ETF
VGT
|
+$4.03M |
| 4 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$3.87M |
| 5 |
iShares Russell Mid-Cap Growth ETF
IWP
|
+$3.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$814K |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$516K |
| 3 |
iShares Russell 2000 Growth ETF
IWO
|
+$502K |
| 4 |
Vanguard Morningstar Small-Cap ETF
VB
|
+$411K |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$383K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 78.87% |
| 2 | Financials | 3.78% |
| 3 | Consumer Staples | 2.93% |
| 4 | Technology | 2.92% |
| 5 | Consumer Discretionary | 2.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
iShares Russell 1000 Growth ETF
IWF
$120B
| $62.9M | 12.7% |
2,522,800
+106,996
| +4% | +$2.53M |
2014 Q1
8 quarters
|
|
2
iShares Russell 1000 Value ETF
IWD
$85B
| $44.5M | 8.98% |
450,452
+32,994
| +8% | +$3.09M |
2014 Q1
8 quarters
|
|
3
iShares Russell 1000 ETF
IWB
$48.2B
| $32.6M | 6.58% |
285,716
+1,845
| +0.6% | +$199K |
2014 Q1
8 quarters
|
|
|
4
iShares Russell 2000 Growth ETF
IWO
$14.2B
| $21M | 4.25% |
158,668
-4,025
| -2% | -$502K |
2014 Q1
8 quarters
|
|
5
Vanguard Real Estate ETF
VNQ
$38.8B
| $18.2M | 3.67% |
217,236
+1,176
| +0.5% | +$91.5K |
2014 Q1
8 quarters
|
|
6
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.9B
| $17.8M | 3.6% |
357,935
+50,588
| +16% | +$2.38M |
2014 Q1
8 quarters
|
|
|
7
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $17.5M | 3.52% |
84,574
-2,642
| -3% | -$516K |
2014 Q1
8 quarters
|
|
8
iShares Russell 2000 ETF
IWM
$78.6B
| $17.4M | 3.52% |
157,505
+17,227
| +12% | +$1.78M |
2014 Q1
8 quarters
|
|
9
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $14.8M | 2.99% |
412,703
+40,238
| +11% | +$1.39M |
2014 Q1
8 quarters
|
|
10
iShares Russell 2000 Value ETF
IWN
$14.2B
| $14.7M | 2.96% |
157,277
+20,592
| +15% | +$1.79M |
2014 Q1
8 quarters
|
|
11
iShares MSCI EAFE ETF
EFA
$77.7B
| $13.4M | 2.71% |
234,760
-4,801
| -2% | -$265K |
2014 Q1
8 quarters
|
|
12
iShares Core S&P 500 ETF
IVV
$881B
| $12.3M | 2.48% |
59,598
+5,191
| +10% | +$1.02M |
2014 Q1
8 quarters
|
|
13
iShares S&P 500 Growth ETF
IVW
$74.4B
| $10.9M | 2.2% |
375,480
+3,024
| +0.8% | +$83.2K |
2014 Q1
8 quarters
|
|
14
Vanguard FTSE Emerging Markets ETF
VWO
$121B
| $7.82M | 1.58% |
226,058
+4,895
| +2% | +$154K |
2014 Q1
8 quarters
|
|
|
15
First Trust North American Energy Infrastructure Fund
EMLP
$4.2B
| $7.82M | 1.58% |
357,551
+211,230
| +144% | +$4.29M |
2014 Q2
7 quarters
|
|
16
Vanguard Morningstar Total Stock Market ETF
VTI
$695B
| $7.38M | 1.49% |
70,364
+3,197
| +5% | +$317K |
2014 Q1
8 quarters
|
|
|
KONA
17
DELISTED
Kona Grill, Inc.
KONA
| $6.26M | 1.26% |
483,788
+7,500
| +2% | +$106K |
2014 Q1
8 quarters
|
|
18
Apple
AAPL
$5.16T
| $6.24M | 1.26% |
228,820
+108,736
| +91% | +$2.71M |
2014 Q1
8 quarters
|
|
|
19
iShares Russell Mid-Cap Growth ETF
IWP
$18.5B
| $6.01M | 1.21% |
130,442
+86,492
| +197% | +$3.74M |
2014 Q1
8 quarters
|
|
20
SEI Investments
SEIC
$13.1B
| $5.42M | 1.09% |
125,791
| – | – |
2014 Q1
8 quarters
|
|
21
Duke Energy
DUK
$100B
| $5.15M | 1.04% |
63,868
+879
| +1% | +$66.5K |
2014 Q1
8 quarters
|
|
|
22
ALPS Equal Sector Weight ETF
EQL
$796M
| $5.14M | 1.04% |
+275,250
| New | +$4.86M |
2016 Q1
0 quarters
|
|
|
23
Vanguard Information Technology ETF
VGT
$141B
| $4.32M | 0.87% |
+315,872
| New | +$4.03M |
2016 Q1
0 quarters
|
|
|
24
State Street Health Care Select Sector SPDR ETF
XLV
$51B
| $3.91M | 0.79% |
+57,731
| New | +$3.87M |
2016 Q1
0 quarters
|
|
25
Vanguard Dividend Appreciation ETF
VIG
$118B
| $3.84M | 0.77% |
+47,250
| New | +$3.62M |
2016 Q1
0 quarters
|
|
Similar funds
Choreo LLC's Q1 2016 Portfolio in Review
As of Q1 2016, Choreo LLC held 209 positions worth $496M, up 17% from $424M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Choreo LLC deployed $67M of net new capital in Q1 2016, opening 48 new positions and adding to 97 existing holdings. Its largest new stake was ALPS Equal Sector Weight ETF: 275,250 shares worth $5.14M.
By sector, the portfolio is most concentrated in Miscellaneous at 79% of assets, down from 79% a quarter earlier, followed by Financials and Consumer Staples.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $516K trimmed.
- Choreo LLC's largest Q1 2016 buy was ALPS Equal Sector Weight ETF: 275,250 shares worth $5.14M.
- Choreo LLC added most to First Trust North American Energy Infrastructure Fund in Q1 2016, an estimated $4.29M increase.
- Choreo LLC's biggest Q1 2016 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $516K.
- Choreo LLC fully exited Vanguard S&P 500 ETF in Q1 2016, selling an estimated $814K.
- Choreo LLC's ten largest holdings make up 53% of its $496M portfolio in Q1 2016.
- Choreo LLC opened 48 new positions and closed 7 in Q1 2016.
- Choreo LLC's portfolio value rose 17% quarter-over-quarter to $496M.
Based on Choreo LLC's 13F filing for Q1 2016, filed 4 Jun 2020.