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 |
iShares Core S&P 500 ETF
IVV
|
+$32.8M |
| 2 |
Cincinnati Financial
CINF
|
+$26.1M |
| 3 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$25.2M |
| 4 |
Walt Disney
DIS
|
+$23.4M |
| 5 |
Procter & Gamble
PG
|
+$23M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Europe ETF
VGK
|
+$5.87M |
| 2 |
iShares Select Dividend ETF
DVY
|
+$2.87M |
| 3 |
Progressive
PGR
|
+$1.99M |
| 4 |
iShares US Industrials ETF
IYJ
|
+$1.64M |
| 5 |
Applied Materials
AMAT
|
+$1.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 39.95% |
| 2 | Financials | 10.37% |
| 3 | Energy | 9.59% |
| 4 | Consumer Staples | 8.17% |
| 5 | Healthcare | 7.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$873B
| $95.5M | 4.43% |
460,860
+154,790
| +51% | +$32.8M |
2013 Q2
8 quarters
|
|
|
2
Procter & Gamble
PG
$390B
| $81.4M | 3.78% |
1,040,845
+286,290
| +38% | +$23M |
2013 Q2
8 quarters
|
|
3
Vanguard Real Estate ETF
VNQ
$39B
| $73.2M | 3.4% |
980,419
-13,971
| -1% | -$1.12M |
2013 Q2
8 quarters
|
|
4
iShares MSCI EAFE ETF
EFA
$77.9B
| $53.3M | 2.47% |
839,371
+216,114
| +35% | +$14.4M |
2013 Q2
8 quarters
|
|
5
Baidu
BIDU
$27.6B
| $52M | 2.41% |
261,182
+11,511
| +5% | +$2.36M |
2014 Q2
4 quarters
|
|
6
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $40.6M | 1.88% |
197,438
+56,001
| +40% | +$11.8M |
2013 Q2
8 quarters
|
|
7
Williams Companies
WMB
$83.1B
| $34.1M | 1.58% |
594,572
+313,934
| +112% | +$16.2M |
2013 Q2
8 quarters
|
|
8
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.68B
| $31.3M | 1.45% |
1,509,895
+4,540
| +0.3% | +$95.4K |
2013 Q2
8 quarters
|
|
|
9
Walt Disney
DIS
$206B
| $29.4M | 1.36% |
257,459
+213,360
| +484% | +$23.4M |
2013 Q2
8 quarters
|
|
10
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $28.6M | 1.33% |
954,010
-25,445
| -3% | -$776K |
2013 Q2
8 quarters
|
|
11
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.46B
| $28.2M | 1.31% |
404,248
+830
| +0.2% | +$60.2K |
2014 Q4
2 quarters
|
|
|
12
State Street Technology Select Sector SPDR ETF
XLK
$113B
| $27.2M | 1.26% |
1,313,968
+1,181,050
| +889% | +$25.2M |
2013 Q2
8 quarters
|
|
13
Apple
AAPL
$5.1T
| $25.8M | 1.2% |
822,376
+229,912
| +39% | +$7.35M |
2013 Q2
8 quarters
|
|
|
14
Cincinnati Financial
CINF
$28.6B
| $25.4M | 1.18% |
+505,847
| New | +$26.1M |
2015 Q2
0 quarters
|
|
|
MWE
15
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $25M | 1.16% |
442,746
+8,737
| +2% | +$564K |
2013 Q2
8 quarters
|
|
16
iShares MSCI USA Min Vol Factor ETF
USMV
$24.1B
| $24.7M | 1.14% |
612,204
+58,152
| +10% | +$2.4M |
2013 Q4
6 quarters
|
|
17
iShares Russell 2000 ETF
IWM
$78.5B
| $23.6M | 1.09% |
188,866
+162,439
| +615% | +$20.3M |
2013 Q2
8 quarters
|
|
18
Visa
V
$788B
| $23M | 1.07% |
343,202
+303,005
| +754% | +$20.5M |
2013 Q2
8 quarters
|
|
19
Johnson & Johnson
JNJ
$679B
| $22.7M | 1.05% |
233,118
+153,837
| +194% | +$15.4M |
2013 Q2
8 quarters
|
|
|
EMSO
20
DELISTED
EGSHARES EM STRATEGIC OPPORTUNITIES ETF
EMSO
| $21.9M | 1.02% |
944,971
+12,937
| +1% | +$307K |
2014 Q1
5 quarters
|
|
21
PepsiCo
PEP
$193B
| $21.1M | 0.98% |
225,800
+203,871
| +930% | +$19.5M |
2013 Q2
8 quarters
|
|
22
UnitedHealth
UNH
$356B
| $20.3M | 0.94% |
166,764
+162,496
| +3,807% | +$19.2M |
2013 Q4
6 quarters
|
|
23
RTX Corp
RTX
$265B
| $20.2M | 0.93% |
288,653
+232,619
| +415% | +$17.1M |
2013 Q2
8 quarters
|
|
24
ExxonMobil
XOM
$672B
| $19.9M | 0.92% |
239,258
+137,797
| +136% | +$11.8M |
2013 Q2
8 quarters
|
|
25
United Parcel Service
UPS
$94.5B
| $19.6M | 0.91% |
202,145
+26,193
| +15% | +$2.6M |
2013 Q2
8 quarters
|
|
Similar funds
Mariner's Q2 2015 Portfolio in Review
As of Q2 2015, Mariner held 554 positions worth $2.16B, up 83% from $1.18B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Mariner deployed $1.03B of net new capital in Q2 2015, opening 152 new positions and adding to 218 existing holdings. Its largest new stake was Cincinnati Financial: 505,847 shares worth $25.4M.
By sector, the portfolio is most concentrated in Miscellaneous at 40% of assets, down from 52% a quarter earlier, followed by Financials and Energy.
On the sell side, the largest reduction was Vanguard FTSE Europe ETF, an estimated $5.87M trimmed.
- Mariner's largest Q2 2015 buy was Cincinnati Financial: 505,847 shares worth $25.4M.
- Mariner added most to iShares Core S&P 500 ETF in Q2 2015, an estimated $32.8M increase.
- Mariner's biggest Q2 2015 reduction was Vanguard FTSE Europe ETF, cutting an estimated $5.87M.
- Mariner fully exited Progressive in Q2 2015, selling an estimated $1.99M.
- Mariner's ten largest holdings make up 24% of its $2.16B portfolio in Q2 2015.
- Mariner opened 152 new positions and closed 25 in Q2 2015.
- Mariner's portfolio value rose 83% quarter-over-quarter to $2.16B.
Based on Mariner's 13F filing for Q2 2015, filed 17 Aug 2015.