Mariner Portfolio holdings
Mariner is a wealth management firm that Marty Bicknell, its chief executive, started in 2006 when he left a large national firm after 16 years. Each adviser can call on in-house specialists in taxes, estate planning and insurance, and the firm works with executives, business owners and professional athletes. Portfolios are built from individual stocks, bonds and funds, using both active and passive strategies, with some money placed with outside managers. Its first major acquisition outside Kansas City came in 2012 and opened the door to investment banking, and in 2018 it brought its sub-brands under a single Mariner identity. Bicknell controls the holding companies that own it, alongside investors affiliated with Leonard Green & Partners.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baidu
BIDU
|
+$55.5M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$13.7M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$5.02M |
| 4 |
ExxonMobil
XOM
|
+$4.14M |
| 5 |
iShares Russell 1000 Value ETF
IWD
|
+$3.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$9.02M |
| 2 |
PIMCO Active Bond Exchange-Traded Fund
BOND
|
+$8.84M |
| 3 |
iShares Russell 1000 Growth ETF
IWF
|
+$4.53M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$4.23M |
| 5 |
Vanguard Financials ETF
VFH
|
+$2.78M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 51.8% |
| 2 | Energy | 10.36% |
| 3 | Communication Services | 8.47% |
| 4 | Industrials | 5.21% |
| 5 | Financials | 4.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Vanguard Real Estate ETF
VNQ
$38.4B
| $77.2M | 8.56% |
1,031,502
+4,220
| +0.4% | +$310K |
2013 Q2
4 quarters
|
|
|
2
Baidu
BIDU
$27.9B
| $63.3M | 7.02% |
+338,919
| New | +$55.5M |
2014 Q2
0 quarters
|
|
|
3
iShares Core S&P 500 ETF
IVV
$847B
| $41.2M | 4.57% |
209,100
+71,372
| +52% | +$13.7M |
2013 Q2
4 quarters
|
|
4
iShares MSCI EAFE ETF
EFA
$75.6B
| $35.7M | 3.96% |
522,468
+29,351
| +6% | +$2.01M |
2013 Q2
4 quarters
|
|
|
MWE
5
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $28.6M | 3.18% |
400,175
+781
| +0.2% | +$50.3K |
2013 Q2
4 quarters
|
|
6
iShares Core S&P Mid-Cap ETF
IJH
$121B
| $21M | 2.33% |
733,935
+23,180
| +3% | +$637K |
2013 Q2
4 quarters
|
|
|
EMSO
7
DELISTED
EGSHARES EM STRATEGIC OPPORTUNITIES ETF
EMSO
| $19.8M | 2.19% |
840,720
+49,005
| +6% | +$1.13M |
2014 Q1
1 quarter
|
|
|
8
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $18.1M | 2.01% |
92,514
-47,421
| -34% | -$9.02M |
2013 Q2
4 quarters
|
|
9
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.6B
| $17.9M | 1.99% |
889,400
+12,805
| +1% | +$250K |
2013 Q2
4 quarters
|
|
10
Invesco Senior Loan ETF
BKLN
$5.81B
| $17.6M | 1.95% |
708,532
-70,623
| -9% | -$1.75M |
2013 Q2
4 quarters
|
|
11
Apple
AAPL
$4.98T
| $16.1M | 1.78% |
691,036
+48,604
| +8% | +$1.03M |
2013 Q2
4 quarters
|
|
12
AutoNation
AN
$5.88B
| $15.3M | 1.7% |
256,549
| – | – |
2013 Q2
4 quarters
|
|
|
13
ExxonMobil
XOM
$677B
| $13.8M | 1.53% |
136,757
+41,043
| +43% | +$4.14M |
2013 Q2
4 quarters
|
|
14
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $13.2M | 1.46% |
292,917
-1,081
| -0.4% | -$47K |
2013 Q2
4 quarters
|
|
15
Weyerhaeuser
WY
$15.1B
| $11.8M | 1.31% |
356,024
+138
| +0% | +$4.17K |
2013 Q4
2 quarters
|
|
16
Williams Companies
WMB
$80.1B
| $11.6M | 1.29% |
199,262
-9,918
| -5% | -$460K |
2013 Q2
4 quarters
|
|
|
17
iShares Russell 1000 Value ETF
IWD
$82.7B
| $11.4M | 1.27% |
112,993
+38,769
| +52% | +$3.8M |
2013 Q2
4 quarters
|
|
18
United Parcel Service
UPS
$92.2B
| $11.4M | 1.27% |
111,142
-170
| -0.2% | -$17.1K |
2013 Q2
4 quarters
|
|
19
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.35B
| $10.6M | 1.18% |
176,844
-15,435
| -8% | -$914K |
2013 Q4
2 quarters
|
|
20
Hormel Foods
HRL
$12.1B
| $9.18M | 1.02% |
372,012
| – | – |
2013 Q2
4 quarters
|
|
|
21
Berkshire Hathaway Class B
BRK.B
$1.22T
| $8.99M | 1% |
71,021
-33,434
| -32% | -$4.23M |
2013 Q2
4 quarters
|
|
22
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $8.74M | 0.97% |
166,812
+42,431
| +34% | +$2.09M |
2013 Q2
4 quarters
|
|
23
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $7.85M | 0.87% |
181,588
+68
| +0% | +$2.89K |
2013 Q2
4 quarters
|
|
|
HPY
24
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $7.83M | 0.87% |
189,973
| – | – |
2013 Q4
2 quarters
|
|
25
iShares Russell Mid-Cap ETF
IWR
$56.8B
| $7.44M | 0.83% |
183,132
-3,692
| -2% | -$144K |
2013 Q2
4 quarters
|
|
Similar funds
Mariner's Q2 2014 Portfolio in Review
As of Q2 2014, Mariner held 372 positions worth $902M, up 16% from $777M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Mariner deployed $76.1M of net new capital in Q2 2014, opening 38 new positions and adding to 152 existing holdings. Its largest new stake was Baidu: 338,919 shares worth $63.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, down from 56% a quarter earlier, followed by Energy and Communication Services.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $9.02M trimmed.
- Mariner's largest Q2 2014 buy was Baidu: 338,919 shares worth $63.3M.
- Mariner added most to iShares Core S&P 500 ETF in Q2 2014, an estimated $13.7M increase.
- Mariner's biggest Q2 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $9.02M.
- Mariner fully exited Vanguard Financials ETF in Q2 2014, selling an estimated $2.78M.
- Mariner's ten largest holdings make up 38% of its $902M portfolio in Q2 2014.
- Mariner opened 38 new positions and closed 18 in Q2 2014.
- Mariner's portfolio value rose 16% quarter-over-quarter to $902M.
Based on Mariner's 13F filing for Q2 2014, filed 21 Aug 2014.