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
|
+$7.48M |
| 2 |
Vanguard Morningstar Small-Cap Growth ETF
VBK
|
+$2.5M |
| 3 |
JPMorgan Chase
JPM
|
+$2.47M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$2.15M |
| 5 |
Vanguard Morningstar Value ETF
VTV
|
+$2.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$108M |
| 2 |
Amazon
AMZN
|
+$35.3M |
| 3 |
Apple
AAPL
|
+$30.6M |
| 4 |
Meta Platforms (Facebook)
META
|
+$10.3M |
| 5 |
Microsoft
MSFT
|
+$5.08M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 77.99% |
| 2 | Financials | 4.34% |
| 3 | Technology | 3.47% |
| 4 | Consumer Staples | 2.79% |
| 5 | Healthcare | 2.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
iShares Russell 1000 Growth ETF
IWF
$124B
| $59.2M | 8.34% |
1,987,964
-49,828
| -2% | -$1.46M |
2014 Q1
13 quarters
|
|
|
2
Vanguard Morningstar Growth ETF
VUG
$227B
| $46.3M | 6.53% |
2,187,792
+356,892
| +19% | +$7.48M |
2014 Q1
13 quarters
|
|
3
iShares Russell 1000 Value ETF
IWD
$85.4B
| $43.2M | 6.08% |
370,625
-7,842
| -2% | -$903K |
2014 Q1
13 quarters
|
|
4
iShares Russell 1000 ETF
IWB
$49B
| $31.4M | 4.43% |
232,216
-9,576
| -4% | -$1.28M |
2014 Q1
13 quarters
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$817B
| $29.3M | 4.13% |
120,569
+505
| +0.4% | +$121K |
2014 Q1
13 quarters
|
|
6
Vanguard Real Estate ETF
VNQ
$37.7B
| $25.2M | 3.55% |
302,500
+16,488
| +6% | +$1.37M |
2014 Q1
13 quarters
|
|
7
Vanguard FTSE Emerging Markets ETF
VWO
$120B
| $23.1M | 3.25% |
565,380
+37,942
| +7% | +$1.54M |
2014 Q1
13 quarters
|
|
|
8
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $19.5M | 2.74% |
470,981
+52,697
| +13% | +$2.15M |
2014 Q1
13 quarters
|
|
|
9
Vanguard Morningstar Small-Cap Growth ETF
VBK
$22.9B
| $19.1M | 2.7% |
131,250
+17,426
| +15% | +$2.5M |
2014 Q1
13 quarters
|
|
10
iShares Russell 2000 ETF
IWM
$76.2B
| $18.8M | 2.65% |
133,392
-3,451
| -3% | -$478K |
2014 Q1
13 quarters
|
|
11
iShares Russell 2000 Growth ETF
IWO
$14.1B
| $17.2M | 2.42% |
101,643
-3,055
| -3% | -$503K |
2014 Q1
13 quarters
|
|
|
12
Vanguard Morningstar Value ETF
VTV
$195B
| $16.5M | 2.32% |
170,496
+22,206
| +15% | +$2.13M |
2014 Q1
13 quarters
|
|
13
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.9B
| $16.1M | 2.27% |
277,936
-11,254
| -4% | -$641K |
2014 Q1
13 quarters
|
|
14
iShares Russell 2000 Value ETF
IWN
$14.1B
| $15.4M | 2.17% |
129,371
-2,626
| -2% | -$309K |
2014 Q1
13 quarters
|
|
15
iShares S&P 500 Growth ETF
IVW
$76.3B
| $14.6M | 2.06% |
427,232
+4,476
| +1% | +$152K |
2014 Q1
13 quarters
|
|
16
iShares Core S&P 500 ETF
IVV
$885B
| $13.6M | 1.92% |
55,929
-1,270
| -2% | -$306K |
2014 Q1
13 quarters
|
|
17
First Trust North American Energy Infrastructure Fund
EMLP
$4.27B
| $12.4M | 1.75% |
507,027
-9,034
| -2% | -$226K |
2014 Q2
12 quarters
|
|
18
iShares MSCI EAFE ETF
EFA
$77.4B
| $11M | 1.55% |
168,569
-12,898
| -7% | -$835K |
2014 Q1
13 quarters
|
|
|
19
Apple
AAPL
$5.09T
| $8.63M | 1.22% |
239,604
-828,852
| -78% | -$30.6M |
2014 Q1
13 quarters
|
|
20
iShares Russell Mid-Cap Growth ETF
IWP
$19.2B
| $7.88M | 1.11% |
145,812
-3,332
| -2% | -$177K |
2014 Q1
13 quarters
|
|
21
Vanguard Morningstar Total Stock Market ETF
VTI
$697B
| $7.32M | 1.03% |
58,800
-6,865
| -10% | -$846K |
2014 Q1
13 quarters
|
|
22
Vanguard Dividend Appreciation ETF
VIG
$117B
| $7.24M | 1.02% |
78,158
+3,609
| +5% | +$331K |
2016 Q1
5 quarters
|
|
23
Vanguard S&P 500 ETF
VOO
$1.04T
| $7.12M | 1% |
32,057
+3,760
| +13% | +$828K |
2016 Q2
4 quarters
|
|
24
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.2B
| $6.96M | 0.98% |
56,448
+6,133
| +12% | +$750K |
2014 Q1
13 quarters
|
|
25
SEI Investments
SEIC
$12.4B
| $6.76M | 0.95% |
125,791
| – | – |
2014 Q1
13 quarters
|
|
Similar funds
Choreo LLC's Q2 2017 Portfolio in Review
As of Q2 2017, Choreo LLC held 298 positions worth $710M, up 3.1% from $688M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Choreo LLC withdrew a net $194M in Q2 2017, closing 39 positions and reducing 117 holdings. Its most notable exit was First Trust Energy AlphaDEX Fund, an estimated $3.24M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 78% of assets, up from 77% a quarter earlier, followed by Financials and Technology.
Against the trend, Choreo LLC opened a new position in JPMorgan Chase worth $2.61M.
- Choreo LLC's largest Q2 2017 buy was JPMorgan Chase: 28,584 shares worth $2.61M.
- Choreo LLC added most to Vanguard Morningstar Growth ETF in Q2 2017, an estimated $7.48M increase.
- Choreo LLC's biggest Q2 2017 reduction was Alphabet (Google) Class A, cutting an estimated $108M.
- Choreo LLC fully exited First Trust Energy AlphaDEX Fund in Q2 2017, selling an estimated $3.24M.
- Choreo LLC's ten largest holdings make up 44% of its $710M portfolio in Q2 2017.
- Choreo LLC opened 15 new positions and closed 39 in Q2 2017.
- Choreo LLC's portfolio value rose 3.1% quarter-over-quarter to $710M.
Based on Choreo LLC's 13F filing for Q2 2017, filed 4 Jun 2020.