Epstein & White Financial Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
|
+$36.3M |
| 2 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$23.3M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$6.24M |
| 4 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$5.9M |
| 5 |
iShares MSCI USA Value Factor ETF
VLUE
|
+$5.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity Total Bond ETF
FBND
|
+$28.4M |
| 2 |
Fidelity Quality Factor ETF
FQAL
|
+$19.6M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$8.76M |
| 4 |
iShares S&P 500 Growth ETF
IVW
|
+$8.43M |
| 5 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$2.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.02% |
| 2 | Technology | 2.46% |
| 3 | Healthcare | 1.69% |
| 4 | Energy | 1.5% |
| 5 | Communication Services | 1.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
iShares California Muni Bond ETF
CMF
$4.62B
| – | – |
-4,446
| Closed | -$271K |
|
77
Dominion Energy
D
$57.7B
| – | – |
-12,047
| Closed | -$971K |
|
78
SPDR Gold Trust
GLD
$149B
| – | – |
-1,451
| Closed | -$202K |
|
79
JPMorgan Chase
JPM
$951B
| – | – |
-7,501
| Closed | -$884K |
|
80
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| – | – |
-643
| Closed | -$226K |
|
81
Merck
MRK
$366B
| – | – |
-9,193
| Closed | -$741K |
|
82
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| – | – |
-2,185
| Closed | -$234K |
|
83
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.39B
| – | – |
-4,266
| Closed | -$216K |
|
84
United Parcel Service
UPS
$89.6B
| – | – |
-5,433
| Closed | -$654K |
|
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Epstein & White Financial's Q4 2019 Portfolio in Review
As of Q4 2019, Epstein & White Financial held 84 positions worth $229M, up 11% from $205M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Epstein & White Financial deployed $10.9M of net new capital in Q4 2019, opening 14 new positions and adding to 27 existing holdings. Its largest new stake was State Street SPDR Portfolio Aggregate Bond ETF: 1,231,283 shares worth $36.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 89% of assets, up from 89% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Fidelity Total Bond ETF, an estimated $28.4M trimmed.
- Epstein & White Financial's largest Q4 2019 buy was State Street SPDR Portfolio Aggregate Bond ETF: 1,231,283 shares worth $36.2M.
- Epstein & White Financial added most to iShares Core S&P 500 ETF in Q4 2019, an estimated $6.24M increase.
- Epstein & White Financial's biggest Q4 2019 reduction was Fidelity Total Bond ETF, cutting an estimated $28.4M.
- Epstein & White Financial fully exited Dominion Energy in Q4 2019, selling an estimated $971K.
- Epstein & White Financial's ten largest holdings make up 82% of its $229M portfolio in Q4 2019.
- Epstein & White Financial opened 14 new positions and closed 11 in Q4 2019.
- Epstein & White Financial's portfolio value rose 11% quarter-over-quarter to $229M.
Based on Epstein & White Financial's 13F filing for Q4 2019, filed 27 Jan 2020.