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 |
Vanguard Morningstar Growth ETF
VUG
|
+$9.7M |
| 2 |
Vanguard Morningstar Small-Cap Growth ETF
VBK
|
+$4.7M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.57M |
| 4 |
Vanguard Real Estate ETF
VNQ
|
+$4.03M |
| 5 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$3.68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 Growth ETF
IWF
|
+$2.37M |
| 2 |
ProShares Short 7-10 Year Treasury
TBX
|
+$1.99M |
| 3 |
iShares Russell 1000 ETF
IWB
|
+$1.93M |
| 4 |
iShares Russell 1000 Value ETF
IWD
|
+$1.83M |
| 5 |
iShares MSCI EAFE Small-Cap ETF
SCZ
|
+$1.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 77.12% |
| 2 | Financials | 3.89% |
| 3 | Technology | 3.48% |
| 4 | Healthcare | 2.82% |
| 5 | Consumer Staples | 2.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Russell 1000 Growth ETF
IWF
$120B
| $61.3M | 10.69% |
2,354,320
-91,092
| -4% | -$2.37M |
2014 Q1
10 quarters
|
|
|
2
iShares Russell 1000 Value ETF
IWD
$84.7B
| $43.6M | 7.61% |
413,099
-17,346
| -4% | -$1.83M |
2014 Q1
10 quarters
|
|
|
3
iShares Russell 1000 ETF
IWB
$48.1B
| $31.9M | 5.57% |
264,921
-16,077
| -6% | -$1.93M |
2014 Q1
10 quarters
|
|
|
4
Vanguard Real Estate ETF
VNQ
$37.7B
| $22.9M | 4% |
264,290
+45,228
| +21% | +$4.03M |
2014 Q1
10 quarters
|
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$802B
| $22.6M | 3.93% |
103,772
+21,146
| +26% | +$4.57M |
2014 Q1
10 quarters
|
|
6
iShares Russell 2000 Growth ETF
IWO
$13.8B
| $21.2M | 3.7% |
142,549
-7,818
| -5% | -$1.14M |
2014 Q1
10 quarters
|
|
7
iShares Russell 2000 ETF
IWM
$74.9B
| $18.5M | 3.23% |
149,175
-8,519
| -5% | -$1.04M |
2014 Q1
10 quarters
|
|
|
8
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.8B
| $16.8M | 2.93% |
320,563
-25,169
| -7% | -$1.28M |
2014 Q1
10 quarters
|
|
9
iShares Russell 2000 Value ETF
IWN
$14B
| $15.5M | 2.7% |
147,898
-2,266
| -2% | -$232K |
2014 Q1
10 quarters
|
|
|
10
Vanguard Morningstar Growth ETF
VUG
$220B
| $14.7M | 2.56% |
785,640
+521,520
| +197% | +$9.7M |
2014 Q1
10 quarters
|
|
11
Vanguard FTSE Developed Markets ETF
VEA
$228B
| $14.7M | 2.56% |
392,278
-17,793
| -4% | -$654K |
2014 Q1
10 quarters
|
|
12
iShares MSCI EAFE ETF
EFA
$76.7B
| $13.9M | 2.42% |
234,652
-6,317
| -3% | -$366K |
2014 Q1
10 quarters
|
|
|
13
Vanguard FTSE Emerging Markets ETF
VWO
$117B
| $13.3M | 2.31% |
352,310
+98,798
| +39% | +$3.68M |
2014 Q1
10 quarters
|
|
14
iShares Core S&P 500 ETF
IVV
$869B
| $11.8M | 2.05% |
54,062
-2,942
| -5% | -$640K |
2014 Q1
10 quarters
|
|
15
iShares S&P 500 Growth ETF
IVW
$74.3B
| $11.2M | 1.96% |
368,620
-4,120
| -1% | -$125K |
2014 Q1
10 quarters
|
|
16
First Trust North American Energy Infrastructure Fund
EMLP
$4.27B
| $9.7M | 1.69% |
381,661
-3,681
| -1% | -$91.7K |
2014 Q2
9 quarters
|
|
17
Apple
AAPL
$5.03T
| $7.59M | 1.32% |
268,648
+27,236
| +11% | +$721K |
2014 Q1
10 quarters
|
|
18
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
| $7.13M | 1.24% |
64,010
+84
| +0.1% | +$9.32K |
2014 Q1
10 quarters
|
|
|
19
Vanguard Morningstar Small-Cap Growth ETF
VBK
$22.3B
| $6.51M | 1.14% |
49,394
+36,066
| +271% | +$4.7M |
2014 Q1
10 quarters
|
|
|
KONA
20
DELISTED
Kona Grill, Inc.
KONA
| $6.08M | 1.06% |
483,788
| – | – |
2014 Q1
10 quarters
|
|
21
iShares Russell Mid-Cap Growth ETF
IWP
$18.5B
| $5.91M | 1.03% |
121,486
-10,672
| -8% | -$518K |
2014 Q1
10 quarters
|
|
22
SEI Investments
SEIC
$12.3B
| $5.74M | 1% |
125,791
| – | – |
2014 Q1
10 quarters
|
|
23
Vanguard Dividend Appreciation ETF
VIG
$116B
| $5.51M | 0.96% |
65,625
+14,564
| +29% | +$1.23M |
2016 Q1
2 quarters
|
|
24
Vanguard Morningstar Value ETF
VTV
$194B
| $5.45M | 0.95% |
62,625
+15,091
| +32% | +$1.31M |
2014 Q1
10 quarters
|
|
25
Duke Energy
DUK
$99.3B
| $5.07M | 0.88% |
63,348
+176
| +0.3% | +$14.6K |
2014 Q1
10 quarters
|
|
Similar funds
Choreo LLC's Q3 2016 Portfolio in Review
As of Q3 2016, Choreo LLC held 244 positions worth $573M, up 10% from $520M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Choreo LLC deployed $34.7M of net new capital in Q3 2016, opening 29 new positions and adding to 119 existing holdings. Its largest new stake was State Street SPDR S&P MIDCAP 400 ETF Trust: 2,424 shares worth $687K.
By sector, the portfolio is most concentrated in Miscellaneous at 77% of assets, down from 78% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was iShares Russell 1000 Growth ETF, an estimated $2.37M trimmed.
- Choreo LLC's largest Q3 2016 buy was State Street SPDR S&P MIDCAP 400 ETF Trust: 2,424 shares worth $687K.
- Choreo LLC added most to Vanguard Morningstar Growth ETF in Q3 2016, an estimated $9.7M increase.
- Choreo LLC's biggest Q3 2016 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $2.37M.
- Choreo LLC fully exited ProShares Short 7-10 Year Treasury in Q3 2016, selling an estimated $1.99M.
- Choreo LLC's ten largest holdings make up 47% of its $573M portfolio in Q3 2016.
- Choreo LLC opened 29 new positions and closed 12 in Q3 2016.
- Choreo LLC's portfolio value rose 10% quarter-over-quarter to $573M.
Based on Choreo LLC's 13F filing for Q3 2016, filed 4 Jun 2020.