Greenleaf Trust Portfolio holdings
Greenleaf Trust is a privately held, trust-only bank that manages wealth and administers trusts for families. Bill Johnston started it in 1998 after national banks had swallowed up many regional and community banks, wanting a locally owned firm with fiduciary expertise that would serve families across generations. Johnston had already launched a sister firm, Greenleaf Asset Management, in 1991, and the two merged in 2002. The bank builds portfolios around what matters most to each client, whether personal, family-focused or charitable, and avoids selling its own proprietary products. It opened a separate bank, Greenleaf Trust Delaware, in 2018.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$92.2M |
| 2 |
iShares Intermediate Government/Credit Bond ETF
GVI
|
+$48.4M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$39.2M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$29.5M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$7.61M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Stryker
SYK
|
+$20M |
| 2 |
Microsoft
MSFT
|
+$5.31M |
| 3 |
Wendy's
WEN
|
+$3.58M |
| 4 |
Advance Auto Parts
AAP
|
+$2.92M |
| 5 |
Synchrony
SYF
|
+$1.65M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 72.38% |
| 2 | Miscellaneous | 17.25% |
| 3 | Financials | 2.29% |
| 4 | Technology | 2.26% |
| 5 | Consumer Discretionary | 1.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Stryker
SYK
$118B
| $3.55B | 70.29% |
22,617,368
-119,464
| -0.5% | -$20M |
2013 Q2
22 quarters
|
|
|
2
iShares Core S&P 500 ETF
IVV
$875B
| $393M | 7.77% |
1,561,428
+144,489
| +10% | +$39.2M |
2013 Q2
22 quarters
|
|
|
3
iShares MSCI EAFE ETF
EFA
$77.3B
| $103M | 2.03% |
1,748,431
+1,476,237
| +542% | +$92.2M |
2013 Q2
22 quarters
|
|
|
4
iShares Core S&P Mid-Cap ETF
IJH
$124B
| $71.4M | 1.41% |
2,151,120
+208,685
| +11% | +$7.61M |
2013 Q2
22 quarters
|
|
5
iShares Core S&P Small-Cap ETF
IJR
$106B
| $53.2M | 1.05% |
768,167
+79,727
| +12% | +$6.16M |
2013 Q2
22 quarters
|
|
|
6
iShares Intermediate Government/Credit Bond ETF
GVI
$3.83B
| $48.9M | 0.97% |
+451,781
| New | +$48.4M |
2018 Q4
0 quarters
|
|
|
7
iShares MSCI Emerging Markets ETF
EEM
$28.2B
| $38.7M | 0.77% |
991,397
+736,759
| +289% | +$29.5M |
2015 Q3
13 quarters
|
|
8
NYLIM Merger Arbitrage ETF
MNA
$276M
| $38.4M | 0.76% |
1,211,909
+209,710
| +21% | +$6.66M |
2018 Q2
2 quarters
|
|
9
Apple
AAPL
$5.18T
| $21.3M | 0.42% |
539,668
-20,492
| -4% | -$993K |
2013 Q2
22 quarters
|
|
10
iShares S&P 500 Growth ETF
IVW
$73.4B
| $19.1M | 0.38% |
506,912
+43,508
| +9% | +$1.76M |
2013 Q2
22 quarters
|
|
11
Visa
V
$794B
| $18.5M | 0.37% |
140,462
+6,157
| +5% | +$850K |
2013 Q2
22 quarters
|
|
12
Alphabet (Google) Class C
GOOG
$3.6T
| $17.2M | 0.34% |
332,360
+5,320
| +2% | +$285K |
2013 Q2
22 quarters
|
|
13
iShares S&P 500 Value ETF
IVE
$51.6B
| $15.5M | 0.31% |
153,313
+19,945
| +15% | +$2.18M |
2013 Q2
22 quarters
|
|
14
Berkshire Hathaway Class B
BRK.B
$1.26T
| $13M | 0.26% |
63,876
+1,695
| +3% | +$354K |
2013 Q2
22 quarters
|
|
15
PepsiCo
PEP
$198B
| $12.4M | 0.24% |
111,848
-239
| -0.2% | -$26.9K |
2013 Q2
22 quarters
|
|
16
PayPal
PYPL
$49.2B
| $11.8M | 0.23% |
140,639
+1,290
| +0.9% | +$107K |
2015 Q3
13 quarters
|
|
|
17
Microsoft
MSFT
$3.89T
| $11.5M | 0.23% |
113,154
-49,585
| -30% | -$5.31M |
2013 Q2
22 quarters
|
|
18
Pfizer
PFE
$165B
| $11.4M | 0.22% |
274,515
+10,050
| +4% | +$417K |
2013 Q2
22 quarters
|
|
19
iShares MSCI EAFE Value ETF
EFV
$31B
| $11.3M | 0.22% |
500,560
+134,678
| +37% | +$3.24M |
2014 Q2
18 quarters
|
|
20
Honeywell
HON
$70.6B
| $10.9M | 0.22% |
87,722
-5,331
| -6% | -$728K |
2013 Q2
22 quarters
|
|
21
Starbucks
SBUX
$121B
| $10.6M | 0.21% |
165,150
+2,068
| +1% | +$129K |
2013 Q2
22 quarters
|
|
22
Sherwin-Williams
SHW
$84.5B
| $10.6M | 0.21% |
81,066
-660
| -0.8% | -$89K |
2015 Q2
14 quarters
|
|
23
American Tower
AMT
$88.9B
| $10.5M | 0.21% |
66,546
+181
| +0.3% | +$28.3K |
2016 Q2
10 quarters
|
|
24
Roper Technologies
ROP
$47.5B
| $9.6M | 0.19% |
36,172
-1,986
| -5% | -$562K |
2016 Q3
9 quarters
|
|
25
Salesforce
CRM
$179B
| $9.41M | 0.19% |
68,695
-2,970
| -4% | -$409K |
2016 Q4
8 quarters
|
|
Similar funds
Greenleaf Trust's Q4 2018 Portfolio in Review
As of Q4 2018, Greenleaf Trust held 578 positions worth $5.06B, down 8.6% from $5.53B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Greenleaf Trust deployed $200M of net new capital in Q4 2018, opening 47 new positions and adding to 230 existing holdings. Its largest new stake was iShares Intermediate Government/Credit Bond ETF: 451,781 shares worth $48.9M.
By sector, the portfolio is most concentrated in Healthcare at 72% of assets, down from 75% a quarter earlier, followed by Miscellaneous and Financials.
On the sell side, the largest reduction was Stryker, an estimated $20M trimmed.
- Greenleaf Trust's largest Q4 2018 buy was iShares Intermediate Government/Credit Bond ETF: 451,781 shares worth $48.9M.
- Greenleaf Trust added most to iShares MSCI EAFE ETF in Q4 2018, an estimated $92.2M increase.
- Greenleaf Trust's biggest Q4 2018 reduction was Stryker, cutting an estimated $20M.
- Greenleaf Trust fully exited Praxair Inc in Q4 2018, selling an estimated $1.58M.
- Greenleaf Trust's ten largest holdings make up 86% of its $5.06B portfolio in Q4 2018.
- Greenleaf Trust opened 47 new positions and closed 88 in Q4 2018.
- Greenleaf Trust's portfolio value fell 8.6% quarter-over-quarter to $5.06B.
Based on Greenleaf Trust's 13F filing for Q4 2018, filed 7 Feb 2019.