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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
+4.4%
1 Year Est. Return
-19.66%
3 Year Est. Return
+11.92%
5 Year Est. Return
+26.24%
10 Year Est. Return
–
AUM
$247M
AUM Growth
+$29.7M
Cap. Flow
+$19.9M
Cap. Flow %
8.06%
Top 10 Hldgs %
81.4%
Holding
30
New
6
Increased
15
Reduced
7
Closed
1

Top Buys

1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$5.87M
2
INTC icon
Intel
INTC
+$5.67M
3
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$5.5M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$3.32M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.04M

Top Sells

1
VYM icon
Vanguard High Dividend Yield ETF
VYM
+$3.01M
2
EWC icon
iShares MSCI Canada ETF
EWC
+$1.82M
3
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$184K
4
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$146K
5
IWD icon
iShares Russell 1000 Value ETF
IWD
+$129K

Sector Composition

1 Financials 4.75%
2 Technology 2.86%
3 Communication Services 1.68%
4 Consumer Discretionary 0.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWB icon
1
iShares Russell 1000 ETF
IWB
$48B
$76.9M 31.14%
698,181
+8,599
+1% +$915K
MUB icon
2
iShares National Muni Bond ETF
MUB
$45.5B
$23M 9.3%
211,459
-294
-0.1% -$31.8K
VYM icon
3
Vanguard High Dividend Yield ETF
VYM
$80B
$16.8M 6.82%
253,829
-46,622
-16% -$3.01M
IWM icon
4
iShares Russell 2000 ETF
IWM
$82.2B
$15.3M 6.21%
129,116
+1,219
+1% +$138K
EFA icon
5
iShares MSCI EAFE ETF
EFA
$76.5B
$13.2M 5.34%
192,869
+5,722
+3% +$392K
IAU icon
6
iShares Gold Trust
IAU
$62.4B
$12.7M 5.14%
492,357
+10,589
+2% +$265K
GLD icon
7
SPDR Gold Trust
GLD
$130B
$12.3M 4.99%
96,251
+4,891
+5% +$608K
VWO icon
8
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$11.3M 4.56%
260,915
+323
+0.1% +$13.6K
IWF icon
9
iShares Russell 1000 Growth ETF
IWF
$123B
$9.9M 4.01%
435,692
-6,648
-2% -$146K
IWD icon
10
iShares Russell 1000 Value ETF
IWD
$81.9B
$9.62M 3.9%
95,024
-1,311
-1% -$129K
INTC icon
11
Intel
INTC
$478B
$6.4M 2.59%
+207,088
New +$5.67M
BRK.B icon
12
Berkshire Hathaway Class B
BRK.B
$1.06T
$5.87M 2.38%
+46,340
New +$5.87M
BRK.A icon
13
Berkshire Hathaway Class A
BRK.A
$1.06T
$5.51M 2.23%
+29
New +$5.5M
ICF icon
14
iShares Select U.S. REIT ETF
ICF
$2.11B
$5.14M 2.08%
117,790
+1,254
+1% +$54K
GOOG icon
15
Alphabet (Google) Class C
GOOG
$4.22T
$4.16M 1.68%
143,834
+122,434
+572% +$3.32M
SPY icon
16
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$3.59M 1.46%
18,362
+5,495
+43% +$1.04M
EEM icon
17
iShares MSCI Emerging Markets ETF
EEM
$28B
$2.64M 1.07%
61,002
-4,328
-7% -$184K
VNQ icon
18
Vanguard Real Estate ETF
VNQ
$39.6B
$2.63M 1.07%
35,185
+1,952
+6% +$144K
IWO icon
19
iShares Russell 2000 Growth ETF
IWO
$14.7B
$2.39M 0.97%
17,257
-241
-1% -$31.7K
IWN icon
20
iShares Russell 2000 Value ETF
IWN
$14.4B
$2.34M 0.95%
22,642
-63
-0.3% -$6.26K
EFG icon
21
iShares MSCI EAFE Growth ETF
EFG
$16.4B
$1.13M 0.46%
15,535
+410
+3% +$29.5K
EFV icon
22
iShares MSCI EAFE Value ETF
EFV
$26B
$1.09M 0.44%
18,701
+446
+2% +$26.3K
CROX icon
23
Crocs
CROX
$6.81B
$1.03M 0.42%
68,774
+8,763
+15% +$131K
AAPL icon
24
Apple
AAPL
$4.9T
$651K 0.26%
+28,000
New +$596K
WFC icon
25
Wells Fargo
WFC
$265B
$363K 0.15%
6,900
+2,000
+41% +$101K
1
2

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RFA
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AIA
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A
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KRC
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Goldstein Munger & Associates's Q2 2014 Portfolio in Review

As of Q2 2014, Goldstein Munger & Associates held 30 positions worth $247M, up 14% from $217M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Goldstein Munger & Associates deployed $19.9M of net new capital in Q2 2014, opening 6 new positions and adding to 15 existing holdings. Its largest new stake was Berkshire Hathaway Class B: 46,340 shares worth $5.87M.

By sector, the portfolio is most concentrated in Financials at 4.8% of assets, up from 0.11% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Vanguard High Dividend Yield ETF, an estimated $3.01M trimmed.

  • Goldstein Munger & Associates's largest Q2 2014 buy was Berkshire Hathaway Class B: 46,340 shares worth $5.87M.
  • Goldstein Munger & Associates added most to Alphabet (Google) Class C in Q2 2014, an estimated $3.32M increase.
  • Goldstein Munger & Associates's biggest Q2 2014 reduction was Vanguard High Dividend Yield ETF, cutting an estimated $3.01M.
  • Goldstein Munger & Associates fully exited iShares MSCI Canada ETF in Q2 2014, selling an estimated $1.82M.
  • Goldstein Munger & Associates's ten largest holdings make up 81% of its $247M portfolio in Q2 2014.
  • Goldstein Munger & Associates opened 6 new positions and closed 1 in Q2 2014.
  • Goldstein Munger & Associates's portfolio value rose 14% quarter-over-quarter to $247M.

Based on Goldstein Munger & Associates's 13F filing for Q2 2014, filed 7 Aug 2014.