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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
-6.44%
1 Year Est. Return
-19.66%
3 Year Est. Return
+11.92%
5 Year Est. Return
+26.24%
10 Year Est. Return
–
AUM
$220M
AUM Growth
-$10.7M
Cap. Flow
+$4.85M
Cap. Flow %
2.21%
Top 10 Hldgs %
76.39%
Holding
33
New
2
Increased
15
Reduced
7
Closed
1

Top Buys

1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$7.26M
2
EFA icon
iShares MSCI EAFE ETF
EFA
+$2.7M
3
IAU icon
iShares Gold Trust
IAU
+$819K
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$701K
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$257K

Top Sells

1
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$3.75M
2
VYM icon
Vanguard High Dividend Yield ETF
VYM
+$1.18M
3
GLD icon
SPDR Gold Trust
GLD
+$962K
4
MUB icon
iShares National Muni Bond ETF
MUB
+$787K
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$579K

Sector Composition

1 Financials 4.57%
2 Technology 3.01%
3 Communication Services 2.03%
4 Consumer Discretionary 0.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWB icon
1
iShares Russell 1000 ETF
IWB
$48B
$65M 29.53%
607,130
+1,917
+0.3% +$218K
MUB icon
2
iShares National Muni Bond ETF
MUB
$45.5B
$24M 10.91%
219,201
-7,231
-3% -$787K
EFA icon
3
iShares MSCI EAFE ETF
EFA
$76.5B
$14.4M 6.55%
251,550
+43,806
+21% +$2.7M
IWM icon
4
iShares Russell 2000 ETF
IWM
$82.2B
$12.9M 5.87%
118,338
+1,257
+1% +$149K
IAU icon
5
iShares Gold Trust
IAU
$62.4B
$9.51M 4.32%
440,942
+37,691
+9% +$819K
IWF icon
6
iShares Russell 1000 Growth ETF
IWF
$123B
$9.32M 4.24%
400,932
-4,576
-1% -$113K
VYM icon
7
Vanguard High Dividend Yield ETF
VYM
$80B
$9.15M 4.16%
146,131
-17,968
-11% -$1.18M
IWD icon
8
iShares Russell 1000 Value ETF
IWD
$81.9B
$8.48M 3.85%
90,916
+82
+0.1% +$8.14K
EEM icon
9
iShares MSCI Emerging Markets ETF
EEM
$28B
$7.71M 3.5%
235,270
+205,554
+692% +$7.26M
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$7.59M 3.45%
39,587
+3,455
+10% +$701K
GLD icon
11
SPDR Gold Trust
GLD
$130B
$7.25M 3.29%
67,858
-8,930
-12% -$962K
VWO icon
12
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$6.29M 2.86%
190,047
-103,311
-35% -$3.75M
ICF icon
13
iShares Select U.S. REIT ETF
ICF
$2.11B
$5.87M 2.67%
126,674
+318
+0.3% +$14.8K
INTC icon
14
Intel
INTC
$478B
$5.79M 2.63%
192,088
– –
BRK.A icon
15
Berkshire Hathaway Class A
BRK.A
$1.06T
$5.66M 2.57%
29
– –
GOOG icon
16
Alphabet (Google) Class C
GOOG
$4.22T
$4.47M 2.03%
143,320
– –
BRK.B icon
17
Berkshire Hathaway Class B
BRK.B
$1.06T
$4.04M 1.84%
30,985
-4,225
-12% -$579K
VNQ icon
18
Vanguard Real Estate ETF
VNQ
$39.6B
$2.69M 1.22%
35,632
+795
+2% +$61.1K
IWO icon
19
iShares Russell 2000 Growth ETF
IWO
$14.7B
$2.18M 0.99%
16,283
-37
-0.2% -$5.48K
IWN icon
20
iShares Russell 2000 Value ETF
IWN
$14.4B
$1.96M 0.89%
21,772
+12
+0.1% +$1.15K
CROX icon
21
Crocs
CROX
$6.81B
$1.03M 0.47%
80,095
+6,667
+9% +$96.7K
EFG icon
22
iShares MSCI EAFE Growth ETF
EFG
$16.4B
$937K 0.43%
14,686
+550
+4% +$37.5K
EFV icon
23
iShares MSCI EAFE Value ETF
EFV
$26B
$864K 0.39%
18,657
+956
+5% +$48.3K
AAPL icon
24
Apple
AAPL
$4.9T
$833K 0.38%
30,200
+4
+0% +$117
WFC icon
25
Wells Fargo
WFC
$265B
$354K 0.16%
6,900
– –
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 Q3 2015 Portfolio in Review

As of Q3 2015, Goldstein Munger & Associates held 33 positions worth $220M, down 4.6% from $231M the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Goldstein Munger & Associates's Q3 2015 filing shows 2 new, 15 increased, 7 reduced and 1 closed positions. Its largest new stake was Vanguard FTSE Developed Markets ETF: 6,700 shares worth $239K. The largest sale was Vanguard FTSE Emerging Markets ETF, an estimated $3.75M.

By sector, the portfolio is most concentrated in Financials at 4.6% of assets, down from 4.8% a quarter earlier, followed by Technology and Communication Services.

  • Goldstein Munger & Associates's largest Q3 2015 buy was Vanguard FTSE Developed Markets ETF: 6,700 shares worth $239K.
  • Goldstein Munger & Associates added most to iShares MSCI Emerging Markets ETF in Q3 2015, an estimated $7.26M increase.
  • Goldstein Munger & Associates's biggest Q3 2015 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $3.75M.
  • Goldstein Munger & Associates fully exited IBM in Q3 2015, selling an estimated $344K.
  • Goldstein Munger & Associates's ten largest holdings make up 76% of its $220M portfolio in Q3 2015.
  • Goldstein Munger & Associates opened 2 new positions and closed 1 in Q3 2015.
  • Goldstein Munger & Associates's portfolio value fell 4.6% quarter-over-quarter to $220M.

Based on Goldstein Munger & Associates's 13F filing for Q3 2015, filed 3 Nov 2015.