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CWM
Confluence Wealth Management Portfolio holdings
AUM
$204M
1-Year Est. Return
12.23%
This Fund
S&P 500
This Quarter
Est. Return
+2.34%
1 Year Est. Return
+12.23%
3 Year Est. Return
+31.86%
5 Year Est. Return
+64.15%
10 Year Est. Return
–
AUM
$200M
AUM Growth
-$6.79M
(-3.3%)
Cap. Flow
-$10.3M
Cap. Flow
% of AUM
-5.13%
Top 10 Holdings %
Top 10 Hldgs %
45.6%
Holding
143
New
11
Increased
24
Reduced
87
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$1.85M |
| 2 |
Accenture
ACN
|
+$1.56M |
| 3 |
Intercontinental Exchange
ICE
|
+$1.04M |
| 4 |
Northrop Grumman
NOC
|
+$781K |
| 5 |
Vanguard Total International Bond ETF
BNDX
|
+$671K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab US Aggregate Bond ETF
SCHZ
|
+$2.44M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$1.51M |
| 3 |
Vanguard S&P 500 ETF
VOO
|
+$1.49M |
| 4 |
BSJG
Guggenheim BulletShares 2016 High Yield Corporate Bond ETF
BSJG
|
+$1.21M |
| 5 |
Vanguard Short-Term Bond ETF
BSV
|
+$1.14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 6.74% |
| 2 | Technology | 4.49% |
| 3 | Healthcare | 4.02% |
| 4 | Consumer Discretionary | 3.59% |
| 5 | Consumer Staples | 3.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27B
| $17.3M | 8.68% |
57,476
-2,184
| -4% | -$631K |
|
2
iShares Core S&P 500 ETF
IVV
$879B
| $14.6M | 7.31% |
64,967
-2,703
| -4% | -$594K |
|
3
iShares Core US Aggregate Bond ETF
AGG
$137B
| $12.3M | 6.17% |
114,035
-9,941
| -8% | -$1.09M |
|
4
iShares MSCI EAFE ETF
EFA
$76.2B
| $10.5M | 5.25% |
181,732
+4,627
| +3% | +$267K |
|
|
5
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
| $7.76M | 3.88% |
301,360
-93,494
| -24% | -$2.44M |
|
6
State Street SPDR S&P 500 ETF Trust
SPY
$780B
| $7.21M | 3.61% |
32,262
+107
| +0.3% | +$23.4K |
|
|
7
iShares Russell 2000 ETF
IWM
$81.2B
| $5.82M | 2.91% |
43,185
-11,785
| -21% | -$1.51M |
|
8
iShares MSCI Emerging Markets ETF
EEM
$28.8B
| $5.44M | 2.72% |
155,307
-605
| -0.4% | -$21.8K |
|
|
9
Vanguard Total International Bond ETF
BNDX
$81.9B
| $5.25M | 2.63% |
96,741
+12,245
| +14% | +$671K |
|
10
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.11B
| $4.87M | 2.43% |
173,382
-5,507
| -3% | -$149K |
|
11
iShares Russell Mid-Cap ETF
IWR
$56.8B
| $3.88M | 1.94% |
86,772
+5,864
| +7% | +$256K |
|
12
FlexShares Quality Dividend Index Fund
QDF
$2.2B
| $3.71M | 1.86% |
94,142
-3,515
| -4% | -$135K |
|
|
13
Vanguard Short-Term Bond ETF
BSV
$44.5B
| $3.44M | 1.72% |
43,258
-14,247
| -25% | -$1.14M |
|
|
14
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $3.22M | 1.61% |
30,638
+17,536
| +134% | +$1.85M |
|
15
iShares Intermediate Government/Credit Bond ETF
GVI
$3.72B
| $3.18M | 1.59% |
28,911
+937
| +3% | +$104K |
|
16
US Bancorp
USB
$98.9B
| $2.69M | 1.34% |
52,271
+7,700
| +17% | +$366K |
|
17
Apple
AAPL
$4.7T
| $2.32M | 1.16% |
80,200
-280
| -0.3% | -$7.94K |
|
|
BSCJ
18
DELISTED
Invesco BulletShares 2019 Corporate Bond ETF
BSCJ
| $2.1M | 1.05% |
99,086
-4,314
| -4% | -$91.6K |
|
19
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.79B
| $1.97M | 0.99% |
27,148
-504
| -2% | -$34.9K |
|
20
Vanguard Total Stock Market ETF
VTI
$657B
| $1.81M | 0.9% |
15,673
| – | – |
|
21
Starbucks
SBUX
$117B
| $1.81M | 0.9% |
32,534
-120
| -0.4% | -$6.65K |
|
22
JPMorgan Chase
JPM
$923B
| $1.8M | 0.9% |
20,828
-463
| -2% | -$35.3K |
|
23
iShares National Muni Bond ETF
MUB
$45.1B
| $1.77M | 0.89% |
16,367
+172
| +1% | +$18.8K |
|
24
iShares Russell 1000 Growth ETF
IWF
$123B
| $1.71M | 0.85% |
65,012
-10,960
| -14% | -$284K |
|
25
Booking.com
BKNG
$136B
| $1.59M | 0.8% |
27,175
-350
| -1% | -$20.9K |
|
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Confluence Wealth Management's Q4 2016 Portfolio in Review
As of Q4 2016, Confluence Wealth Management held 143 positions worth $200M, down 3.3% from $207M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Confluence Wealth Management withdrew a net $10.3M in Q4 2016, closing 8 positions and reducing 87 holdings. Its most notable exit was Vanguard S&P 500 ETF, an estimated $1.49M position sold in full.
By sector, the portfolio is most concentrated in Financials at 6.7% of assets, up from 5% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Confluence Wealth Management opened a new position in Accenture worth $1.53M.
- Confluence Wealth Management's largest Q4 2016 buy was Accenture: 13,109 shares worth $1.53M.
- Confluence Wealth Management added most to iShares Short-Term National Muni Bond ETF in Q4 2016, an estimated $1.85M increase.
- Confluence Wealth Management's biggest Q4 2016 reduction was Schwab US Aggregate Bond ETF, cutting an estimated $2.44M.
- Confluence Wealth Management fully exited Vanguard S&P 500 ETF in Q4 2016, selling an estimated $1.49M.
- Confluence Wealth Management's ten largest holdings make up 46% of its $200M portfolio in Q4 2016.
- Confluence Wealth Management opened 11 new positions and closed 8 in Q4 2016.
- Confluence Wealth Management's portfolio value fell 3.3% quarter-over-quarter to $200M.
Based on Confluence Wealth Management's 13F filing for Q4 2016, filed 6 Feb 2017.