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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
+2.46%
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
-$13.7M
Cap. Flow
-$18.8M
Cap. Flow %
-8.68%
Top 10 Hldgs %
77.85%
Holding
33
New
1
Increased
6
Reduced
17
Closed
1

Top Buys

1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$368K
2
EFA icon
iShares MSCI EAFE ETF
EFA
+$242K
3
SCHB icon
Schwab US Broad Market ETF
SCHB
+$200K
4
IWB icon
iShares Russell 1000 ETF
IWB
+$137K
5
AMZN icon
Amazon
AMZN
+$34.5K

Top Sells

1
MUB icon
iShares National Muni Bond ETF
MUB
+$11.4M
2
INTC icon
Intel
INTC
+$6.21M
3
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$497K
4
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$387K
5
IWD icon
iShares Russell 1000 Value ETF
IWD
+$252K

Sector Composition

1 Financials 4.89%
2 Communication Services 2.19%
3 Technology 0.34%
4 Consumer Discretionary 0.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWB icon
1
iShares Russell 1000 ETF
IWB
$48B
$76.9M 35.51%
658,234
+1,192
+0.2% +$137K
IWM icon
2
iShares Russell 2000 ETF
IWM
$82.2B
$14M 6.47%
121,997
-675
-0.6% -$76.2K
MUB icon
3
iShares National Muni Bond ETF
MUB
$45.5B
$12.7M 5.86%
111,440
-101,045
-48% -$11.4M
IAU icon
4
iShares Gold Trust
IAU
$62.4B
$11.8M 5.42%
460,625
-2,914
-0.6% -$70.8K
EFA icon
5
iShares MSCI EAFE ETF
EFA
$76.5B
$10.5M 4.85%
188,155
+4,208
+2% +$242K
IWF icon
6
iShares Russell 1000 Growth ETF
IWF
$123B
$9.66M 4.46%
385,016
-15,480
-4% -$387K
IWD icon
7
iShares Russell 1000 Value ETF
IWD
$81.9B
$9.15M 4.22%
88,594
-2,500
-3% -$252K
VYM icon
8
Vanguard High Dividend Yield ETF
VYM
$80B
$8.92M 4.12%
124,852
-1,912
-2% -$134K
GLD icon
9
SPDR Gold Trust
GLD
$130B
$7.77M 3.59%
61,429
-3
-0% -$361
EEM icon
10
iShares MSCI Emerging Markets ETF
EEM
$28B
$7.27M 3.36%
211,639
-4,998
-2% -$168K
ICF icon
11
iShares Select U.S. REIT ETF
ICF
$2.11B
$7.05M 3.26%
130,386
-2,030
-2% -$104K
VWO icon
12
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$6.37M 2.94%
180,720
+553
+0.3% +$18.9K
BRK.A icon
13
Berkshire Hathaway Class A
BRK.A
$1.06T
$6.29M 2.9%
29
– –
SPY icon
14
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$4.22M 1.95%
20,157
– –
BRK.B icon
15
Berkshire Hathaway Class B
BRK.B
$1.06T
$3.98M 1.84%
27,509
-3,476
-11% -$497K
VEA icon
16
Vanguard FTSE Developed Markets ETF
VEA
$226B
$3.87M 1.79%
109,555
+10,175
+10% +$368K
VNQ icon
17
Vanguard Real Estate ETF
VNQ
$39.6B
$2.86M 1.32%
32,229
-983
-3% -$82.6K
GOOGL icon
18
Alphabet (Google) Class A
GOOGL
$4.23T
$2.52M 1.16%
71,520
-60
-0.1% -$2.2K
GOOG icon
19
Alphabet (Google) Class C
GOOG
$4.22T
$2.24M 1.03%
64,680
-60
-0.1% -$2.15K
IWO icon
20
iShares Russell 2000 Growth ETF
IWO
$14.7B
$2.14M 0.99%
15,590
-695
-4% -$93.8K
IWN icon
21
iShares Russell 2000 Value ETF
IWN
$14.4B
$2.03M 0.94%
20,860
-920
-4% -$87.6K
EFG icon
22
iShares MSCI EAFE Growth ETF
EFG
$16.4B
$768K 0.35%
11,740
-2,172
-16% -$144K
AAPL icon
23
Apple
AAPL
$4.9T
$727K 0.34%
30,404
– –
EFV icon
24
iShares MSCI EAFE Value ETF
EFV
$26B
$640K 0.3%
14,910
-2,733
-15% -$123K
WFC icon
25
Wells Fargo
WFC
$265B
$327K 0.15%
6,900
– –
1
2

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AIA
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A
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KRC
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Goldstein Munger & Associates's Q2 2016 Portfolio in Review

As of Q2 2016, Goldstein Munger & Associates held 33 positions worth $217M, down 5.9% from $230M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Goldstein Munger & Associates withdrew a net $18.8M in Q2 2016, closing 1 position and reducing 17 holdings. Its most notable exit was Intel, an estimated $6.21M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.9% of assets, up from 4.7% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Goldstein Munger & Associates opened a new position in Schwab US Broad Market ETF worth $202K.

  • Goldstein Munger & Associates's largest Q2 2016 buy was Schwab US Broad Market ETF: 24,054 shares worth $202K.
  • Goldstein Munger & Associates added most to Vanguard FTSE Developed Markets ETF in Q2 2016, an estimated $368K increase.
  • Goldstein Munger & Associates's biggest Q2 2016 reduction was iShares National Muni Bond ETF, cutting an estimated $11.4M.
  • Goldstein Munger & Associates fully exited Intel in Q2 2016, selling an estimated $6.21M.
  • Goldstein Munger & Associates's ten largest holdings make up 78% of its $217M portfolio in Q2 2016.
  • Goldstein Munger & Associates opened 1 new position and closed 1 in Q2 2016.
  • Goldstein Munger & Associates's portfolio value fell 5.9% quarter-over-quarter to $217M.

Based on Goldstein Munger & Associates's 13F filing for Q2 2016, filed 21 Jul 2016.