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 |
Home Depot
HD
|
+$6.27M |
| 2 |
Vanguard Morningstar Growth ETF
VUG
|
+$4.44M |
| 3 |
Vanguard FTSE Europe ETF
VGK
|
+$3.82M |
| 4 |
Vanguard Morningstar Small-Cap Value ETF
VBR
|
+$3.28M |
| 5 |
Vanguard Morningstar Small-Cap Growth ETF
VBK
|
+$2.95M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
|
+$3.67M |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$1.67M |
| 3 |
First Trust North American Energy Infrastructure Fund
EMLP
|
+$1.01M |
| 4 |
iShares Russell 1000 ETF
IWB
|
+$976K |
| 5 |
iShares Russell 1000 Value ETF
IWD
|
+$946K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 76.71% |
| 2 | Financials | 4.63% |
| 3 | Technology | 3.74% |
| 4 | Healthcare | 2.67% |
| 5 | Consumer Staples | 2.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Russell 1000 Growth ETF
IWF
$120B
| $60.4M | 7.93% |
1,933,348
-54,616
| -3% | -$1.67M |
2014 Q1
14 quarters
|
|
|
2
Vanguard Morningstar Growth ETF
VUG
$222B
| $52.9M | 6.94% |
2,391,810
+204,018
| +9% | +$4.44M |
2014 Q1
14 quarters
|
|
|
3
iShares Russell 1000 Value ETF
IWD
$85B
| $43M | 5.64% |
362,510
-8,115
| -2% | -$946K |
2014 Q1
14 quarters
|
|
|
4
iShares Russell 1000 ETF
IWB
$48.2B
| $31.5M | 4.13% |
225,105
-7,111
| -3% | -$976K |
2014 Q1
14 quarters
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $29.6M | 3.88% |
117,177
-3,392
| -3% | -$836K |
2014 Q1
14 quarters
|
|
6
Vanguard Real Estate ETF
VNQ
$38.8B
| $26.6M | 3.49% |
319,795
+17,295
| +6% | +$1.45M |
2014 Q1
14 quarters
|
|
7
Vanguard FTSE Emerging Markets ETF
VWO
$121B
| $25M | 3.28% |
573,388
+8,008
| +1% | +$347K |
2014 Q1
14 quarters
|
|
|
8
Vanguard Morningstar Small-Cap Growth ETF
VBK
$22.8B
| $23.1M | 3.03% |
151,338
+20,088
| +15% | +$2.95M |
2014 Q1
14 quarters
|
|
9
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $20.6M | 2.71% |
475,283
+4,302
| +0.9% | +$183K |
2014 Q1
14 quarters
|
|
10
iShares Russell 2000 ETF
IWM
$78.6B
| $19.8M | 2.6% |
133,555
+163
| +0.1% | +$22.9K |
2014 Q1
14 quarters
|
|
11
Vanguard Morningstar Value ETF
VTV
$197B
| $19.1M | 2.5% |
190,869
+20,373
| +12% | +$1.99M |
2014 Q1
14 quarters
|
|
12
iShares Russell 2000 Growth ETF
IWO
$14.3B
| $17.4M | 2.28% |
96,992
-4,651
| -5% | -$790K |
2014 Q1
14 quarters
|
|
13
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.8B
| $17M | 2.22% |
273,448
-4,488
| -2% | -$268K |
2014 Q1
14 quarters
|
|
14
iShares Russell 2000 Value ETF
IWN
$14.2B
| $15.6M | 2.05% |
125,711
-3,660
| -3% | -$431K |
2014 Q1
14 quarters
|
|
15
iShares S&P 500 Growth ETF
IVW
$74.4B
| $15.2M | 1.99% |
423,560
-3,672
| -0.9% | -$129K |
2014 Q1
14 quarters
|
|
16
iShares Core S&P 500 ETF
IVV
$882B
| $14M | 1.84% |
55,318
-611
| -1% | -$152K |
2014 Q1
14 quarters
|
|
|
17
First Trust North American Energy Infrastructure Fund
EMLP
$4.19B
| $11.6M | 1.52% |
466,423
-40,604
| -8% | -$1.01M |
2014 Q2
13 quarters
|
|
18
iShares MSCI EAFE ETF
EFA
$77.7B
| $11M | 1.44% |
160,199
-8,370
| -5% | -$560K |
2014 Q1
14 quarters
|
|
|
19
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.8B
| $10.7M | 1.4% |
83,093
+26,645
| +47% | +$3.28M |
2014 Q1
14 quarters
|
|
20
Apple
AAPL
$5.16T
| $9.42M | 1.24% |
244,620
+5,016
| +2% | +$195K |
2014 Q1
14 quarters
|
|
21
Vanguard S&P 500 ETF
VOO
$1.05T
| $8.81M | 1.16% |
38,185
+6,128
| +19% | +$1.39M |
2016 Q2
5 quarters
|
|
22
Vanguard Dividend Appreciation ETF
VIG
$118B
| $8M | 1.05% |
84,418
+6,260
| +8% | +$584K |
2016 Q1
6 quarters
|
|
|
23
Home Depot
HD
$350B
| $7.92M | 1.04% |
48,431
+40,897
| +543% | +$6.27M |
2014 Q1
14 quarters
|
|
24
iShares Russell Mid-Cap Growth ETF
IWP
$18.5B
| $7.72M | 1.01% |
136,408
-9,404
| -6% | -$516K |
2014 Q1
14 quarters
|
|
25
SEI Investments
SEIC
$13.1B
| $7.68M | 1.01% |
125,791
| – | – |
2014 Q1
14 quarters
|
|
Similar funds
Choreo LLC's Q3 2017 Portfolio in Review
As of Q3 2017, Choreo LLC held 283 positions worth $762M, up 7.4% from $710M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Choreo LLC's Q3 2017 filing shows 24 new, 151 increased, 78 reduced and 16 closed positions. Its largest new stake was Sempra: 12,390 shares worth $712K. The largest sale was Xtrackers MSCI Europe Hedged Equity ETF, an estimated $3.67M.
By sector, the portfolio is most concentrated in Miscellaneous at 77% of assets, down from 78% a quarter earlier, followed by Financials and Technology.
- Choreo LLC's largest Q3 2017 buy was Sempra: 12,390 shares worth $712K.
- Choreo LLC added most to Home Depot in Q3 2017, an estimated $6.27M increase.
- Choreo LLC's biggest Q3 2017 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $1.67M.
- Choreo LLC fully exited Xtrackers MSCI Europe Hedged Equity ETF in Q3 2017, selling an estimated $3.67M.
- Choreo LLC's ten largest holdings make up 44% of its $762M portfolio in Q3 2017.
- Choreo LLC opened 24 new positions and closed 16 in Q3 2017.
- Choreo LLC's portfolio value rose 7.4% quarter-over-quarter to $762M.
Based on Choreo LLC's 13F filing for Q3 2017, filed 4 Jun 2020.