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 |
Alphabet (Google) Class A
GOOGL
|
+$96.4M |
| 2 |
Amazon
AMZN
|
+$25M |
| 3 |
Apple
AAPL
|
+$11.6M |
| 4 |
Vanguard Morningstar Growth ETF
VUG
|
+$9.05M |
| 5 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$7.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 Growth ETF
IWF
|
+$6.49M |
| 2 |
iShares Russell 2000 Growth ETF
IWO
|
+$4.78M |
| 3 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$4.15M |
| 4 |
iShares Russell 1000 Value ETF
IWD
|
+$2.62M |
| 5 |
iShares Russell 1000 ETF
IWB
|
+$2.33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 75.81% |
| 2 | Financials | 4.61% |
| 3 | Technology | 3.69% |
| 4 | Healthcare | 2.7% |
| 5 | Consumer Staples | 2.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Russell 1000 Growth ETF
IWF
$117B
| $55.2M | 8.77% |
2,104,276
-250,044
| -11% | -$6.49M |
2014 Q1
11 quarters
|
|
|
2
iShares Russell 1000 Value ETF
IWD
$84.4B
| $43.6M | 6.92% |
388,894
-24,205
| -6% | -$2.62M |
2014 Q1
11 quarters
|
|
|
3
iShares Russell 1000 ETF
IWB
$47.4B
| $30.6M | 4.86% |
245,733
-19,188
| -7% | -$2.33M |
2014 Q1
11 quarters
|
|
|
4
Vanguard Morningstar Growth ETF
VUG
$218B
| $23.7M | 3.76% |
1,275,174
+489,534
| +62% | +$9.05M |
2014 Q1
11 quarters
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$794B
| $23.2M | 3.68% |
103,159
-613
| -0.6% | -$134K |
2014 Q1
11 quarters
|
|
6
Vanguard Real Estate ETF
VNQ
$38.7B
| $22.1M | 3.52% |
268,146
+3,856
| +1% | +$314K |
2014 Q1
11 quarters
|
|
7
iShares Russell 2000 ETF
IWM
$77.7B
| $19M | 3.01% |
140,581
-8,594
| -6% | -$1.1M |
2014 Q1
11 quarters
|
|
|
8
iShares Russell 2000 Growth ETF
IWO
$14B
| $17M | 2.7% |
110,499
-32,050
| -22% | -$4.78M |
2014 Q1
11 quarters
|
|
9
iShares Russell 2000 Value ETF
IWN
$14.1B
| $16.4M | 2.61% |
138,032
-9,866
| -7% | -$1.09M |
2014 Q1
11 quarters
|
|
10
Vanguard FTSE Emerging Markets ETF
VWO
$120B
| $16.1M | 2.55% |
448,894
+96,584
| +27% | +$3.54M |
2014 Q1
11 quarters
|
|
11
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.8B
| $14.7M | 2.34% |
295,444
-25,119
| -8% | -$1.27M |
2014 Q1
11 quarters
|
|
12
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $14.7M | 2.33% |
401,201
+8,923
| +2% | +$326K |
2014 Q1
11 quarters
|
|
13
iShares S&P 500 Growth ETF
IVW
$73B
| $12.6M | 1.99% |
412,364
+43,744
| +12% | +$1.32M |
2014 Q1
11 quarters
|
|
14
iShares MSCI EAFE ETF
EFA
$77.4B
| $12.5M | 1.98% |
215,740
-18,912
| -8% | -$1.09M |
2014 Q1
11 quarters
|
|
15
iShares Core S&P 500 ETF
IVV
$868B
| $12.2M | 1.94% |
54,252
+190
| +0.4% | +$41.8K |
2014 Q1
11 quarters
|
|
16
Vanguard Morningstar Small-Cap Growth ETF
VBK
$22.4B
| $11.2M | 1.78% |
84,134
+34,740
| +70% | +$4.54M |
2014 Q1
11 quarters
|
|
17
First Trust North American Energy Infrastructure Fund
EMLP
$4.14B
| $10.3M | 1.64% |
409,575
+27,914
| +7% | +$689K |
2014 Q2
10 quarters
|
|
18
Vanguard Morningstar Value ETF
VTV
$195B
| $9.8M | 1.55% |
105,086
+42,461
| +68% | +$3.8M |
2014 Q1
11 quarters
|
|
|
19
Apple
AAPL
$5.09T
| $8.16M | 1.3% |
676,612
+407,964
| +152% | +$11.6M |
2014 Q1
11 quarters
|
|
20
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
| $7.62M | 1.21% |
66,110
+2,100
| +3% | +$236K |
2014 Q1
11 quarters
|
|
21
iShares Russell Mid-Cap Growth ETF
IWP
$18B
| $7.31M | 1.16% |
150,120
+28,634
| +24% | +$1.38M |
2014 Q1
11 quarters
|
|
|
22
iShares Short-Term National Muni Bond ETF
SUB
$13.4B
| $7.11M | 1.13% |
+67,640
| New | +$7.13M |
2016 Q4
0 quarters
|
|
23
SEI Investments
SEIC
$13B
| $6.24M | 0.99% |
125,791
| – | – |
2014 Q1
11 quarters
|
|
|
KONA
24
DELISTED
Kona Grill, Inc.
KONA
| $6.2M | 0.98% |
493,788
+10,000
| +2% | +$118K |
2014 Q1
11 quarters
|
|
25
Vanguard Dividend Appreciation ETF
VIG
$116B
| $5.79M | 0.92% |
67,962
+2,337
| +4% | +$197K |
2016 Q1
3 quarters
|
|
Similar funds
Choreo LLC's Q4 2016 Portfolio in Review
As of Q4 2016, Choreo LLC held 279 positions worth $630M, up 9.8% from $573M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Choreo LLC deployed $218M of net new capital in Q4 2016, opening 47 new positions and adding to 126 existing holdings. Its largest new stake was iShares Short-Term National Muni Bond ETF: 67,640 shares worth $7.11M.
By sector, the portfolio is most concentrated in Miscellaneous at 76% of assets, down from 77% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was iShares Russell 1000 Growth ETF, an estimated $6.49M trimmed.
- Choreo LLC's largest Q4 2016 buy was iShares Short-Term National Muni Bond ETF: 67,640 shares worth $7.11M.
- Choreo LLC added most to Alphabet (Google) Class A in Q4 2016, an estimated $96.4M increase.
- Choreo LLC's biggest Q4 2016 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $6.49M.
- Choreo LLC fully exited State Street Consumer Staples Select Sector SPDR ETF in Q4 2016, selling an estimated $4.15M.
- Choreo LLC's ten largest holdings make up 42% of its $630M portfolio in Q4 2016.
- Choreo LLC opened 47 new positions and closed 16 in Q4 2016.
- Choreo LLC's portfolio value rose 9.8% quarter-over-quarter to $630M.
Based on Choreo LLC's 13F filing for Q4 2016, filed 4 Jun 2020.