Diversified Trust Portfolio holdings
Diversified Trust is an independent trust company that manages wealth for families, foundations and endowments, and is owned entirely by its employees. Its clients include multi-generation families, single-family offices and retirement plans, and its trust powers let it act as an alternative to the trust departments of banks and brokerage firms. William T. Spitz is its founder and principal, and Samuel N. Graham is chairman and chief executive. It builds portfolios by starting from the risks an investor is taking and how they are priced, rather than from asset classes, and it hires outside managers, including a private equity offering that spreads money across several managers. It also runs its own municipal bond team, so that it buys bonds for clients directly.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$40.6M |
| 2 |
iShares MSCI USA Value Factor ETF
VLUE
|
+$40.1M |
| 3 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$32.4M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$22.7M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$17.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Dividend Appreciation ETF
VIG
|
+$25.6M |
| 2 |
iShares Russell Mid-Cap ETF
IWR
|
+$13.8M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$13.3M |
| 4 |
AVNU
AVENUE FINL HLDGS INC COM STK (TN)
AVNU
|
+$9.43M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$5.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 74.59% |
| 2 | Consumer Staples | 8.08% |
| 3 | Energy | 5.09% |
| 4 | Financials | 3.08% |
| 5 | Industrials | 2.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Dividend Appreciation ETF
VIG
$116B
| $91.3M | 10.67% |
1,088,172
-301,487
| -22% | -$25.6M |
2013 Q2
13 quarters
|
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$791B
| $78.5M | 9.17% |
363,103
+82,730
| +30% | +$17.9M |
2013 Q2
13 quarters
|
|
3
DELISTED
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
| $52.4M | 6.12% |
1,844,455
+4,603
| +0.3% | +$128K |
2013 Q2
13 quarters
|
|
4
Vanguard S&P 500 ETF
VOO
$1.03T
| $50.1M | 5.86% |
252,278
+14,289
| +6% | +$2.83M |
2013 Q2
13 quarters
|
|
|
5
iShares MSCI USA Value Factor ETF
VLUE
$9.02B
| $40.6M | 4.74% |
+622,000
| New | +$40.1M |
2016 Q3
0 quarters
|
|
|
6
iShares MSCI USA Quality Factor ETF
QUAL
$48.2B
| $40.5M | 4.73% |
+2,398,000
| New | +$40.6M |
2016 Q3
0 quarters
|
|
|
7
iShares MSCI USA Momentum Factor ETF
MTUM
$16.4B
| $32.3M | 3.77% |
+1,668,000
| New | +$32.4M |
2016 Q3
0 quarters
|
|
8
Coca-Cola Consolidated
COKE
$14.1B
| $28.3M | 3.31% |
1,912,920
-2,000
| -0.1% | -$29.6K |
2013 Q2
13 quarters
|
|
9
Coca-Cola
KO
$417B
| $24.2M | 2.83% |
571,953
-3,972
| -0.7% | -$174K |
2013 Q2
13 quarters
|
|
|
10
Vanguard Morningstar Total Stock Market ETF
VTI
$682B
| $22.8M | 2.66% |
+204,491
| New | +$22.7M |
2016 Q3
0 quarters
|
|
11
Vanguard Extended Market ETF
VXF
$30.3B
| $14.6M | 1.71% |
159,960
+1,972
| +1% | +$177K |
2014 Q2
9 quarters
|
|
12
FedEx
FDX
$74.5B
| $11.6M | 1.35% |
66,258
+742
| +1% | +$121K |
2013 Q2
13 quarters
|
|
13
iShares 20+ Year Treasury Bond ETF
TLT
$48.4B
| $10.2M | 1.2% |
+74,495
| New | +$10.3M |
2016 Q3
0 quarters
|
|
|
14
iShares Russell 2000 ETF
IWM
$77.6B
| $10.2M | 1.19% |
81,716
-109,590
| -57% | -$13.3M |
2013 Q2
13 quarters
|
|
15
Pinnacle Financial Partners Inc
PNFP
$15.6B
| $9.6M | 1.12% |
177,741
+172,743
| +3,456% | +$9.32M |
2015 Q1
6 quarters
|
|
16
iShares Core US Aggregate Bond ETF
AGG
$138B
| $7.61M | 0.89% |
67,702
+13,994
| +26% | +$1.57M |
2014 Q2
9 quarters
|
|
17
Philip Morris
PM
$304B
| $7.17M | 0.84% |
73,717
+2,430
| +3% | +$243K |
2013 Q2
13 quarters
|
|
18
Avery Dennison
AVY
$14.3B
| $4.86M | 0.57% |
62,414
| – | – |
2013 Q2
13 quarters
|
|
19
Enterprise Products Partners
EPD
$80.1B
| $4.24M | 0.5% |
153,426
-1,326
| -0.9% | -$36.6K |
2013 Q2
13 quarters
|
|
|
MMP
20
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $4M | 0.47% |
56,580
+1,129
| +2% | +$80.5K |
2014 Q2
9 quarters
|
|
21
Alphabet (Google) Class C
GOOG
$3.49T
| $3.96M | 0.46% |
101,980
-14,500
| -12% | -$551K |
2013 Q2
13 quarters
|
|
22
Plains All American Pipeline
PAA
$16.8B
| $3.52M | 0.41% |
111,893
+2,041
| +2% | +$58.4K |
2013 Q2
13 quarters
|
|
23
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.7B
| $3.49M | 0.41% |
19,102
| – | – |
2013 Q2
13 quarters
|
|
24
Walmart Inc
WMT
$1T
| $3.27M | 0.38% |
135,849
-13,140
| -9% | -$319K |
2013 Q2
13 quarters
|
|
25
Mastercard
MA
$576B
| $3.16M | 0.37% |
31,043
+10,865
| +54% | +$1.04M |
2016 Q1
2 quarters
|
|
Similar funds
Diversified Trust's Q3 2016 Portfolio in Review
As of Q3 2016, Diversified Trust held 401 positions worth $856M, down 1.2% from $867M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Diversified Trust withdrew a net $27.8M in Q3 2016, closing 123 positions and reducing 100 holdings. Its most notable exit was AVENUE FINL HLDGS INC COM STK (TN), an estimated $9.43M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 75% of assets, up from 59% a quarter earlier, followed by Consumer Staples and Energy.
Against the trend, Diversified Trust opened a new position in iShares MSCI USA Quality Factor ETF worth $40.5M.
- Diversified Trust's largest Q3 2016 buy was iShares MSCI USA Quality Factor ETF: 2,398,000 shares worth $40.5M.
- Diversified Trust added most to State Street SPDR S&P 500 ETF Trust in Q3 2016, an estimated $17.9M increase.
- Diversified Trust's biggest Q3 2016 reduction was Vanguard Dividend Appreciation ETF, cutting an estimated $25.6M.
- Diversified Trust fully exited AVENUE FINL HLDGS INC COM STK (TN) in Q3 2016, selling an estimated $9.43M.
- Diversified Trust's ten largest holdings make up 54% of its $856M portfolio in Q3 2016.
- Diversified Trust opened 22 new positions and closed 123 in Q3 2016.
- Diversified Trust's portfolio value fell 1.2% quarter-over-quarter to $856M.
Based on Diversified Trust's 13F filing for Q3 2016, filed 3 Nov 2016.