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 Emerging Markets ETF
VWO
|
+$23.7M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$12.5M |
| 3 |
Vanguard Extended Market ETF
VXF
|
+$3.28M |
| 4 |
Medtronic
MDT
|
+$2.77M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$2.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE All-World ex-US ETF
VEU
|
+$107M |
| 2 |
Vanguard Dividend Appreciation ETF
VIG
|
+$52.1M |
| 3 |
State Street
STT
|
+$4.22M |
| 4 |
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
|
+$3.99M |
| 5 |
Microsoft
MSFT
|
+$2.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 72.93% |
| 2 | Consumer Staples | 7.12% |
| 3 | Financials | 4.49% |
| 4 | Energy | 3.23% |
| 5 | Industrials | 2.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard FTSE All-World ex-US ETF
VEU
$65.2B
| $149M | 12.08% |
2,970,992
-2,169,978
| -42% | -$107M |
2016 Q4
2 quarters
|
|
2
iShares MSCI EAFE Value ETF
EFV
$15.1B
| $112M | 9.08% |
4,320,408
| – | – |
2016 Q4
2 quarters
|
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$780B
| $84.5M | 6.87% |
349,514
+6,707
| +2% | +$1.61M |
2013 Q2
16 quarters
|
|
|
4
Vanguard S&P 500 ETF
VOO
$1.02T
| $83.6M | 6.79% |
376,463
+56,898
| +18% | +$12.5M |
2013 Q2
16 quarters
|
|
5
iShares MSCI USA Quality Factor ETF
QUAL
$47.5B
| $56.6M | 4.6% |
3,043,824
+54,904
| +2% | +$1.01M |
2016 Q3
3 quarters
|
|
6
iShares MSCI USA Value Factor ETF
VLUE
$8.81B
| $55.8M | 4.53% |
758,090
+17,078
| +2% | +$1.25M |
2016 Q3
3 quarters
|
|
|
7
Vanguard Dividend Appreciation ETF
VIG
$114B
| $50.6M | 4.11% |
545,724
-567,372
| -51% | -$52.1M |
2013 Q2
16 quarters
|
|
8
iShares MSCI USA Momentum Factor ETF
MTUM
$15.9B
| $48M | 3.9% |
2,157,948
| – | – |
2016 Q3
3 quarters
|
|
9
DELISTED
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
| $47.2M | 3.83% |
1,768,984
+31,447
| +2% | +$861K |
2013 Q2
16 quarters
|
|
10
Coca-Cola Consolidated
COKE
$13.8B
| $39.3M | 3.2% |
1,719,210
-27,560
| -2% | -$595K |
2013 Q2
16 quarters
|
|
11
Coca-Cola
KO
$412B
| $26.9M | 2.18% |
598,903
-22,999
| -4% | -$1.02M |
2013 Q2
16 quarters
|
|
|
12
Vanguard FTSE Emerging Markets ETF
VWO
$117B
| $25.9M | 2.1% |
633,627
+583,899
| +1,174% | +$23.7M |
2016 Q4
2 quarters
|
|
|
13
iShares Core S&P Small-Cap ETF
IJR
$104B
| $23.9M | 1.94% |
341,223
+31,400
| +10% | +$2.17M |
2013 Q4
14 quarters
|
|
14
iShares Core S&P Mid-Cap ETF
IJH
$121B
| $23.3M | 1.9% |
670,670
+29,000
| +5% | +$1M |
2013 Q2
16 quarters
|
|
|
15
Vanguard Extended Market ETF
VXF
$29.5B
| $23.1M | 1.87% |
225,544
+32,554
| +17% | +$3.28M |
2014 Q2
12 quarters
|
|
16
FedEx
FDX
$72.2B
| $14M | 1.13% |
64,218
-1,608
| -2% | -$317K |
2013 Q2
16 quarters
|
|
17
iShares Russell 2000 ETF
IWM
$76B
| $12M | 0.98% |
85,388
+1,743
| +2% | +$241K |
2013 Q2
16 quarters
|
|
18
Pinnacle Financial Partners Inc
PNFP
$15.2B
| $8.78M | 0.71% |
139,797
| – | – |
2015 Q1
9 quarters
|
|
19
iShares MSCI EAFE ETF
EFA
$75.6B
| $8.78M | 0.71% |
134,630
+7,360
| +6% | +$476K |
2016 Q4
2 quarters
|
|
20
iShares Core US Aggregate Bond ETF
AGG
$139B
| $8.62M | 0.7% |
78,674
-6,211
| -7% | -$679K |
2014 Q2
12 quarters
|
|
21
Alibaba
BABA
$272B
| $7.42M | 0.6% |
52,667
+1,157
| +2% | +$143K |
2014 Q4
10 quarters
|
|
22
iShares Core S&P 500 ETF
IVV
$853B
| $6.41M | 0.52% |
26,338
+5,071
| +24% | +$1.22M |
2013 Q2
16 quarters
|
|
23
HDFC Bank
HDB
$129B
| $6.18M | 0.5% |
284,360
-18,844
| -6% | -$394K |
2013 Q2
16 quarters
|
|
|
24
Medtronic
MDT
$130B
| $5.96M | 0.48% |
67,140
+32,881
| +96% | +$2.77M |
2017 Q1
1 quarter
|
|
25
DELISTED
SunTrust Banks, Inc.
STI
| $5.82M | 0.47% |
102,573
-1,588
| -2% | -$88.2K |
2013 Q2
16 quarters
|
|
Similar funds
Diversified Trust's Q2 2017 Portfolio in Review
As of Q2 2017, Diversified Trust held 310 positions worth $1.23B, down 5.6% from $1.3B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Diversified Trust withdrew a net $109M in Q2 2017, closing 12 positions and reducing 106 holdings. Its most notable exit was Vanguard Short-Term Inflation-Protected Securities Index Fund, an estimated $3.99M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 73% of assets, down from 76% a quarter earlier, followed by Consumer Staples and Financials.
Against the trend, Diversified Trust opened a new position in Lincoln National worth $1.91M.
- Diversified Trust's largest Q2 2017 buy was Lincoln National: 28,290 shares worth $1.91M.
- Diversified Trust added most to Vanguard FTSE Emerging Markets ETF in Q2 2017, an estimated $23.7M increase.
- Diversified Trust's biggest Q2 2017 reduction was Vanguard FTSE All-World ex-US ETF, cutting an estimated $107M.
- Diversified Trust fully exited Vanguard Short-Term Inflation-Protected Securities Index Fund in Q2 2017, selling an estimated $3.99M.
- Diversified Trust's ten largest holdings make up 59% of its $1.23B portfolio in Q2 2017.
- Diversified Trust opened 38 new positions and closed 12 in Q2 2017.
- Diversified Trust's portfolio value fell 5.6% quarter-over-quarter to $1.23B.
Based on Diversified Trust's 13F filing for Q2 2017, filed 18 Jul 2017.