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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
+3.14%
1 Year Est. Return
-19.66%
3 Year Est. Return
+11.92%
5 Year Est. Return
+26.24%
10 Year Est. Return
–
AUM
$237M
AUM Growth
-$4.75M
Cap. Flow
-$11.6M
Cap. Flow %
-4.89%
Top 10 Hldgs %
78.03%
Holding
33
New
3
Increased
9
Reduced
13
Closed
1

Top Buys

1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$3.06M
2
MUB icon
iShares National Muni Bond ETF
MUB
+$1.3M
3
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$510K
4
EFA icon
iShares MSCI EAFE ETF
EFA
+$381K
5
ICF icon
iShares Select U.S. REIT ETF
ICF
+$319K

Top Sells

1
IWB icon
iShares Russell 1000 ETF
IWB
+$9.2M
2
VYM icon
Vanguard High Dividend Yield ETF
VYM
+$2.36M
3
IAU icon
iShares Gold Trust
IAU
+$2.18M
4
GLD icon
SPDR Gold Trust
GLD
+$1.87M
5
IWM icon
iShares Russell 2000 ETF
IWM
+$1.12M

Sector Composition

1 Financials 5.26%
2 Technology 3.5%
3 Communication Services 1.6%
4 Consumer Discretionary 0.58%
5 Healthcare 0.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWB icon
1
iShares Russell 1000 ETF
IWB
$48B
$70.5M 29.71%
615,204
-82,040
-12% -$9.2M
MUB icon
2
iShares National Muni Bond ETF
MUB
$45.5B
$25.1M 10.58%
227,506
+11,791
+5% +$1.3M
IWM icon
3
iShares Russell 2000 ETF
IWM
$82.2B
$14.4M 6.05%
120,125
-9,835
-8% -$1.12M
VYM icon
4
Vanguard High Dividend Yield ETF
VYM
$80B
$13.8M 5.83%
201,301
-34,754
-15% -$2.36M
EFA icon
5
iShares MSCI EAFE ETF
EFA
$76.5B
$12.3M 5.17%
201,639
+6,101
+3% +$381K
VWO icon
6
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$10.9M 4.6%
273,047
+12,392
+5% +$510K
IWF icon
7
iShares Russell 1000 Growth ETF
IWF
$123B
$10.2M 4.3%
426,892
-9,020
-2% -$211K
IWD icon
8
iShares Russell 1000 Value ETF
IWD
$81.9B
$9.72M 4.09%
93,103
-1,988
-2% -$203K
IAU icon
9
iShares Gold Trust
IAU
$62.4B
$9.16M 3.86%
400,443
-93,850
-19% -$2.18M
GLD icon
10
SPDR Gold Trust
GLD
$130B
$9.1M 3.83%
80,112
-16,176
-17% -$1.87M
INTC icon
11
Intel
INTC
$478B
$7.51M 3.17%
207,088
– –
SPY icon
12
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$6.9M 2.91%
33,582
+15,220
+83% +$3.06M
BRK.A icon
13
Berkshire Hathaway Class A
BRK.A
$1.06T
$6.55M 2.76%
29
– –
ICF icon
14
iShares Select U.S. REIT ETF
ICF
$2.11B
$6.26M 2.64%
129,198
+6,834
+6% +$319K
BRK.B icon
15
Berkshire Hathaway Class B
BRK.B
$1.06T
$5.55M 2.34%
36,960
-2,550
-6% -$368K
GOOG icon
16
Alphabet (Google) Class C
GOOG
$4.22T
$3.79M 1.6%
143,713
– –
VNQ icon
17
Vanguard Real Estate ETF
VNQ
$39.6B
$2.83M 1.19%
34,947
-300
-0.9% -$23.5K
EEM icon
18
iShares MSCI Emerging Markets ETF
EEM
$28B
$2.44M 1.03%
61,998
+993
+2% +$40.4K
IWO icon
19
iShares Russell 2000 Growth ETF
IWO
$14.7B
$2.39M 1.01%
16,787
-447
-3% -$60.5K
IWN icon
20
iShares Russell 2000 Value ETF
IWN
$14.4B
$2.25M 0.95%
22,182
-440
-2% -$43.1K
EFG icon
21
iShares MSCI EAFE Growth ETF
EFG
$16.4B
$972K 0.41%
14,770
-1,125
-7% -$75.4K
EFV icon
22
iShares MSCI EAFE Value ETF
EFV
$26B
$908K 0.38%
17,801
-1,350
-7% -$71.2K
CROX icon
23
Crocs
CROX
$6.81B
$888K 0.37%
71,100
+1,163
+2% +$14.4K
AAPL icon
24
Apple
AAPL
$4.9T
$785K 0.33%
28,452
+292
+1% +$7.95K
WFC icon
25
Wells Fargo
WFC
$265B
$378K 0.16%
6,900
– –
1
2

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Goldstein Munger & Associates's Q4 2014 Portfolio in Review

As of Q4 2014, Goldstein Munger & Associates held 33 positions worth $237M, down 2% from $242M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Goldstein Munger & Associates withdrew a net $11.6M in Q4 2014, closing 1 position and reducing 13 holdings. Its most notable exit was GoPro, an estimated $208K position sold in full.

By sector, the portfolio is most concentrated in Financials at 5.3% of assets, up from 4.9% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Goldstein Munger & Associates opened a new position in iShares Core US Aggregate Bond ETF worth $309K.

  • Goldstein Munger & Associates's largest Q4 2014 buy was iShares Core US Aggregate Bond ETF: 2,805 shares worth $309K.
  • Goldstein Munger & Associates added most to State Street SPDR S&P 500 ETF Trust in Q4 2014, an estimated $3.06M increase.
  • Goldstein Munger & Associates's biggest Q4 2014 reduction was iShares Russell 1000 ETF, cutting an estimated $9.2M.
  • Goldstein Munger & Associates fully exited GoPro in Q4 2014, selling an estimated $208K.
  • Goldstein Munger & Associates's ten largest holdings make up 78% of its $237M portfolio in Q4 2014.
  • Goldstein Munger & Associates opened 3 new positions and closed 1 in Q4 2014.
  • Goldstein Munger & Associates's portfolio value fell 2% quarter-over-quarter to $237M.

Based on Goldstein Munger & Associates's 13F filing for Q4 2014, filed 3 Feb 2015.