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GMA

Goldstein Munger & Associates Portfolio holdings

AUM $303M
1-Year Est. Return 19.66%
This Fund
S&P 500
This Quarter Est. Return
+2.14%
1 Year Est. Return
-19.66%
3 Year Est. Return
+11.92%
5 Year Est. Return
+26.24%
10 Year Est. Return
–
AUM
$217M
AUM Growth
-$21.7M
Cap. Flow
-$26.1M
Cap. Flow %
-12.01%
Top 10 Hldgs %
89.36%
Holding
30
New
–
Increased
7
Reduced
16
Closed
6

Top Buys

Rank Stock Value
1
MUB icon
iShares National Muni Bond ETF
MUB
+$1.33M
2
IAU icon
iShares Gold Trust
IAU
+$604K
3
EFA icon
iShares MSCI EAFE ETF
EFA
+$550K
4
GLD icon
SPDR Gold Trust
GLD
+$238K
5
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$145K

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$5.49M
2
INTC icon
Intel
INTC
+$5.38M
3
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$5.16M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$3.57M
5
VYM icon
Vanguard High Dividend Yield ETF
VYM
+$3.07M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 0.43%
2 Communication Services 0.27%
3 Financials 0.11%
4 Industrials 0%
5 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWB icon
1
iShares Russell 1000 ETF
IWB
$48B
$72.2M 33.27%
689,582
-12,859
-2% -$1.32M
MUB icon
2
iShares National Muni Bond ETF
MUB
$45.5B
$22.7M 10.44%
211,753
+12,496
+6% +$1.33M
VYM icon
3
Vanguard High Dividend Yield ETF
VYM
$80B
$19M 8.73%
300,451
-50,057
-14% -$3.07M
IWM icon
4
iShares Russell 2000 ETF
IWM
$82.2B
$14.9M 6.85%
127,897
-3,383
-3% -$390K
EFA icon
5
iShares MSCI EAFE ETF
EFA
$76.5B
$12.6M 5.79%
187,147
+8,325
+5% +$550K
IAU icon
6
iShares Gold Trust
IAU
$62.4B
$12M 5.52%
481,768
+24,060
+5% +$604K
GLD icon
7
SPDR Gold Trust
GLD
$130B
$11.3M 5.2%
91,360
+1,912
+2% +$238K
VWO icon
8
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$10.6M 4.87%
260,592
-2,911
-1% -$113K
IWF icon
9
iShares Russell 1000 Growth ETF
IWF
$123B
$9.57M 4.41%
442,340
-5,612
-1% -$120K
IWD icon
10
iShares Russell 1000 Value ETF
IWD
$81.9B
$9.3M 4.28%
96,335
-665
-0.7% -$62.3K
ICF icon
11
iShares Select U.S. REIT ETF
ICF
$2.11B
$4.79M 2.21%
116,536
-1,390
-1% -$55.3K
EEM icon
12
iShares MSCI Emerging Markets ETF
EEM
$28B
$2.68M 1.23%
65,330
+3,706
+6% +$145K
SPY icon
13
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$2.41M 1.11%
12,867
-1,695
-12% -$311K
IWO icon
14
iShares Russell 2000 Growth ETF
IWO
$14.7B
$2.38M 1.1%
17,498
-164
-0.9% -$22.4K
VNQ icon
15
Vanguard Real Estate ETF
VNQ
$39.6B
$2.35M 1.08%
33,233
+1,485
+5% +$102K
IWN icon
16
iShares Russell 2000 Value ETF
IWN
$14.4B
$2.29M 1.05%
22,705
-285
-1% -$28.1K
EWC icon
17
iShares MSCI Canada ETF
EWC
$6.08B
$1.82M 0.84%
61,473
-92,138
-60% -$2.65M
EFG icon
18
iShares MSCI EAFE Growth ETF
EFG
$16.4B
$1.07M 0.49%
15,125
-300
-2% -$21K
EFV icon
19
iShares MSCI EAFE Value ETF
EFV
$26B
$1.05M 0.48%
18,255
-400
-2% -$22.6K
CROX icon
20
Crocs
CROX
$6.81B
$936K 0.43%
60,011
+2,114
+4% +$32.4K
GOOG icon
21
Alphabet (Google) Class C
GOOG
$4.22T
$594K 0.27%
21,400
-122,578
-85% -$3.57M
IWV icon
22
iShares Russell 3000 ETF
IWV
$19.6B
$254K 0.12%
2,259
-50
-2% -$5.52K
UDN icon
23
Invesco DB US Dollar Index Bearish Fund
UDN
$108M
$254K 0.12%
9,400
– –
WFC icon
24
Wells Fargo
WFC
$265B
$244K 0.11%
4,900
-2,000
-29% -$93.2K
AAPL icon
25
Apple
AAPL
$4.9T
– –
-28,000
Closed -$561K
1
2

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Goldstein Munger & Associates's Q1 2014 Portfolio in Review

As of Q1 2014, Goldstein Munger & Associates held 30 positions worth $217M, down 9.1% from $239M the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Goldstein Munger & Associates withdrew a net $26.1M in Q1 2014, closing 6 positions and reducing 16 holdings. Its most notable exit was Berkshire Hathaway Class B, an estimated $5.49M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 0.43% of assets, down from 0.5% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Goldstein Munger & Associates added an estimated $1.33M to iShares National Muni Bond ETF.

  • Goldstein Munger & Associates added most to iShares National Muni Bond ETF in Q1 2014, an estimated $1.33M increase.
  • Goldstein Munger & Associates's biggest Q1 2014 reduction was Alphabet (Google) Class C, cutting an estimated $3.57M.
  • Goldstein Munger & Associates fully exited Berkshire Hathaway Class B in Q1 2014, selling an estimated $5.49M.
  • Goldstein Munger & Associates's ten largest holdings make up 89% of its $217M portfolio in Q1 2014.
  • Goldstein Munger & Associates opened 0 new positions and closed 6 in Q1 2014.
  • Goldstein Munger & Associates's portfolio value fell 9.1% quarter-over-quarter to $217M.

Based on Goldstein Munger & Associates's 13F filing for Q1 2014, filed 14 May 2014.