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 |
Vanguard FTSE All-World ex-US ETF
VEU
|
+$249M |
| 2 |
iShares MSCI EAFE Value ETF
EFV
|
+$63.9M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$18.6M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$17.3M |
| 5 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$6.78M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$21.3M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$9.01M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$5.06M |
| 4 |
IM
Ingram Micro
IM
|
+$3.04M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$2.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 74.13% |
| 2 | Consumer Staples | 7.18% |
| 3 | Financials | 4.4% |
| 4 | Energy | 3.85% |
| 5 | Consumer Discretionary | 2.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard FTSE All-World ex-US ETF
VEU
$66.6B
| $248M | 21.07% |
+5,619,048
| New | +$249M |
2016 Q4
0 quarters
|
|
2
Vanguard Dividend Appreciation ETF
VIG
$118B
| $94.1M | 7.99% |
1,104,772
+16,600
| +2% | +$1.4M |
2013 Q2
14 quarters
|
|
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $76M | 6.45% |
339,933
-23,170
| -6% | -$5.06M |
2013 Q2
14 quarters
|
|
|
4
iShares MSCI EAFE Value ETF
EFV
$31B
| $65M | 5.51% |
+2,749,400
| New | +$63.9M |
2016 Q4
0 quarters
|
|
5
Vanguard S&P 500 ETF
VOO
$1.04T
| $54.5M | 4.62% |
265,269
+12,991
| +5% | +$2.61M |
2013 Q2
14 quarters
|
|
6
DELISTED
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
| $51.9M | 4.4% |
1,825,878
-18,577
| -1% | -$507K |
2013 Q2
14 quarters
|
|
7
iShares MSCI USA Value Factor ETF
VLUE
$9.2B
| $50.1M | 4.25% |
713,320
+91,320
| +15% | +$6.17M |
2016 Q3
1 quarter
|
|
8
iShares MSCI USA Quality Factor ETF
QUAL
$48.6B
| $48M | 4.08% |
2,779,892
+381,892
| +16% | +$6.47M |
2016 Q3
1 quarter
|
|
|
9
iShares MSCI USA Momentum Factor ETF
MTUM
$16.9B
| $38.4M | 3.26% |
2,025,104
+357,104
| +21% | +$6.78M |
2016 Q3
1 quarter
|
|
10
Coca-Cola Consolidated
COKE
$14.3B
| $34.2M | 2.9% |
1,912,920
| – | – |
2013 Q2
14 quarters
|
|
11
Coca-Cola
KO
$427B
| $26M | 2.2% |
626,271
+54,318
| +9% | +$2.26M |
2013 Q2
14 quarters
|
|
|
12
iShares Core S&P Mid-Cap ETF
IJH
$124B
| $20.4M | 1.73% |
617,230
+546,055
| +767% | +$17.3M |
2013 Q2
14 quarters
|
|
|
13
iShares Core S&P Small-Cap ETF
IJR
$106B
| $20.3M | 1.72% |
294,960
+288,490
| +4,459% | +$18.6M |
2013 Q4
12 quarters
|
|
14
Vanguard Extended Market ETF
VXF
$30.2B
| $15.6M | 1.32% |
162,424
+2,464
| +2% | +$228K |
2014 Q2
10 quarters
|
|
15
FedEx
FDX
$75.9B
| $15.1M | 1.28% |
81,163
+14,905
| +22% | +$2.74M |
2013 Q2
14 quarters
|
|
16
iShares Russell 2000 ETF
IWM
$77.1B
| $11.1M | 0.94% |
82,140
+424
| +0.5% | +$54.2K |
2013 Q2
14 quarters
|
|
17
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $10.2M | 0.86% |
146,741
-31,000
| -17% | -$1.87M |
2015 Q1
7 quarters
|
|
18
Philip Morris
PM
$310B
| $6.59M | 0.56% |
72,008
-1,709
| -2% | -$158K |
2013 Q2
14 quarters
|
|
19
iShares Core US Aggregate Bond ETF
AGG
$137B
| $6.37M | 0.54% |
58,945
-8,757
| -13% | -$959K |
2014 Q2
10 quarters
|
|
20
iShares MSCI EAFE ETF
EFA
$77.3B
| $6.36M | 0.54% |
+110,193
| New | +$6.35M |
2016 Q4
0 quarters
|
|
21
DELISTED
SunTrust Banks, Inc.
STI
| $5.46M | 0.46% |
99,578
+87,879
| +751% | +$4.39M |
2013 Q2
14 quarters
|
|
22
HDFC Bank
HDB
$133B
| $5.2M | 0.44% |
343,032
+289,156
| +537% | +$4.84M |
2013 Q2
14 quarters
|
|
23
Alphabet (Google) Class A
GOOGL
$3.64T
| $4.86M | 0.41% |
122,540
+115,180
| +1,565% | +$4.61M |
2015 Q4
4 quarters
|
|
24
Alibaba
BABA
$235B
| $4.66M | 0.4% |
53,092
+28,302
| +114% | +$2.72M |
2014 Q4
8 quarters
|
|
25
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $4.59M | 0.39% |
44,992
+22,799
| +103% | +$2.73M |
2016 Q3
1 quarter
|
|
Similar funds
Diversified Trust's Q4 2016 Portfolio in Review
As of Q4 2016, Diversified Trust held 337 positions worth $1.18B, up 38% from $856M the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Diversified Trust deployed $300M of net new capital in Q4 2016, opening 59 new positions and adding to 119 existing holdings. Its largest new stake was Vanguard FTSE All-World ex-US ETF: 5,619,048 shares worth $248M.
By sector, the portfolio is most concentrated in Miscellaneous at 74% of assets, down from 75% a quarter earlier, followed by Consumer Staples and Financials.
On the sell side, the largest reduction was Vanguard Morningstar Total Stock Market ETF, an estimated $21.3M trimmed.
- Diversified Trust's largest Q4 2016 buy was Vanguard FTSE All-World ex-US ETF: 5,619,048 shares worth $248M.
- Diversified Trust added most to iShares Core S&P Small-Cap ETF in Q4 2016, an estimated $18.6M increase.
- Diversified Trust's biggest Q4 2016 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $21.3M.
- Diversified Trust fully exited Ingram Micro in Q4 2016, selling an estimated $3.04M.
- Diversified Trust's ten largest holdings make up 65% of its $1.18B portfolio in Q4 2016.
- Diversified Trust opened 59 new positions and closed 87 in Q4 2016.
- Diversified Trust's portfolio value rose 38% quarter-over-quarter to $1.18B.
Based on Diversified Trust's 13F filing for Q4 2016, filed 22 Feb 2017.