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 MSCI USA Min Vol Factor ETF
USMV
|
+$12.1M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$10M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$6.72M |
| 4 |
iShares MSCI Japan ETF
EWJ
|
+$6.22M |
| 5 |
iShares S&P 500 Growth ETF
IVW
|
+$5.65M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HPY
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
|
+$10.4M |
| 2 |
iShares Core S&P Small-Cap ETF
IJR
|
+$8.7M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$8.12M |
| 4 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$7.7M |
| 5 |
VanEck Gold Miners ETF
GDX
|
+$6.63M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 59.23% |
| 2 | Energy | 6.68% |
| 3 | Consumer Staples | 6.52% |
| 4 | Communication Services | 5.93% |
| 5 | Financials | 5.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
iShares Core S&P 500 ETF
IVV
$869B
| $142M | 8.42% |
685,842
-2,007
| -0.3% | -$394K |
2013 Q2
11 quarters
|
|
2
Procter & Gamble
PG
$388B
| $71.3M | 4.23% |
866,242
+49,805
| +6% | +$4.01M |
2013 Q2
11 quarters
|
|
3
Vanguard Real Estate ETF
VNQ
$38.5B
| $58.4M | 3.47% |
697,312
+27,859
| +4% | +$2.17M |
2013 Q2
11 quarters
|
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$795B
| $54.6M | 3.24% |
265,715
+51,246
| +24% | +$10M |
2013 Q2
11 quarters
|
|
5
iShares MSCI EAFE ETF
EFA
$77.5B
| $51.2M | 3.04% |
895,167
+82,987
| +10% | +$4.57M |
2013 Q2
11 quarters
|
|
|
6
iShares MSCI USA Min Vol Factor ETF
USMV
$24B
| $50.4M | 2.99% |
1,147,754
+291,975
| +34% | +$12.1M |
2013 Q4
9 quarters
|
|
7
Baidu
BIDU
$27.3B
| $49.2M | 2.92% |
258,001
+1,413
| +0.6% | +$241K |
2014 Q2
7 quarters
|
|
8
Vanguard FTSE Developed Markets ETF
VEA
$230B
| $42.2M | 2.5% |
1,175,382
+151,410
| +15% | +$5.23M |
2015 Q2
3 quarters
|
|
9
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.65B
| $29.1M | 1.73% |
1,544,110
+3,485
| +0.2% | +$61.2K |
2013 Q2
11 quarters
|
|
10
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $28.7M | 1.7% |
994,835
+6,855
| +0.7% | +$183K |
2013 Q2
11 quarters
|
|
11
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.44B
| $24.3M | 1.44% |
329,991
-8,200
| -2% | -$568K |
2014 Q4
5 quarters
|
|
12
United Parcel Service
UPS
$93.3B
| $21.6M | 1.28% |
204,793
-2,625
| -1% | -$255K |
2013 Q2
11 quarters
|
|
|
13
iShares S&P 500 Value ETF
IVE
$51B
| $21.3M | 1.26% |
236,365
+78,746
| +50% | +$6.72M |
2014 Q1
8 quarters
|
|
14
Apple
AAPL
$5.06T
| $20.9M | 1.24% |
765,796
+105,264
| +16% | +$2.62M |
2013 Q2
11 quarters
|
|
15
Tortoise Energy Infrastructure Corp
TYG
$946M
| $19.4M | 1.15% |
196,901
+25,335
| +15% | +$2.39M |
2013 Q2
11 quarters
|
|
16
ExxonMobil
XOM
$667B
| $19.3M | 1.14% |
230,366
+16,409
| +8% | +$1.31M |
2013 Q2
11 quarters
|
|
|
17
iShares Russell 2000 ETF
IWM
$77.8B
| $18.3M | 1.09% |
165,463
-78,420
| -32% | -$8.12M |
2013 Q2
11 quarters
|
|
18
iShares MSCI Emerging Markets ETF
EEM
$28.3B
| $18M | 1.07% |
524,498
-101,984
| -16% | -$3.16M |
2013 Q2
11 quarters
|
|
19
Vanguard Dividend Appreciation ETF
VIG
$116B
| $17.1M | 1.02% |
210,750
+29,804
| +16% | +$2.28M |
2013 Q2
11 quarters
|
|
20
iShares Core US Aggregate Bond ETF
AGG
$138B
| $16M | 0.95% |
144,306
+29,511
| +26% | +$3.23M |
2013 Q2
11 quarters
|
|
21
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $16M | 0.95% |
589,127
-53,280
| -8% | -$1.34M |
2013 Q2
11 quarters
|
|
22
iShares MSCI ACWI ex US ETF
ACWX
$17.9B
| $15.7M | 0.93% |
396,943
+5,544
| +1% | +$207K |
2015 Q2
3 quarters
|
|
23
MPLX
MPLX
$57.8B
| $14.5M | 0.86% |
486,929
-2,144
| -0.4% | -$58.2K |
2015 Q4
1 quarter
|
|
|
24
iShares S&P 500 Growth ETF
IVW
$73.3B
| $14.3M | 0.85% |
493,264
+205,400
| +71% | +$5.65M |
2014 Q1
8 quarters
|
|
25
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $13.6M | 0.81% |
130,176
+39,136
| +43% | +$3.88M |
2013 Q2
11 quarters
|
|
Similar funds
Mariner's Q1 2016 Portfolio in Review
As of Q1 2016, Mariner held 571 positions worth $1.68B, up 8% from $1.56B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Mariner deployed $117M of net new capital in Q1 2016, opening 97 new positions and adding to 250 existing holdings. Its largest new stake was iShares MSCI Japan ETF: 138,288 shares worth $6.31M.
By sector, the portfolio is most concentrated in Miscellaneous at 59% of assets, down from 60% a quarter earlier, followed by Energy and Consumer Staples.
On the sell side, the largest reduction was HEARTLAND PAYMENT SYSTEMS, INC. COM STK, an estimated $10.4M trimmed.
- Mariner's largest Q1 2016 buy was iShares MSCI Japan ETF: 138,288 shares worth $6.31M.
- Mariner added most to iShares MSCI USA Min Vol Factor ETF in Q1 2016, an estimated $12.1M increase.
- Mariner's biggest Q1 2016 reduction was HEARTLAND PAYMENT SYSTEMS, INC. COM STK, cutting an estimated $10.4M.
- Mariner fully exited VanEck Gold Miners ETF in Q1 2016, selling an estimated $6.63M.
- Mariner's ten largest holdings make up 34% of its $1.68B portfolio in Q1 2016.
- Mariner opened 97 new positions and closed 40 in Q1 2016.
- Mariner's portfolio value rose 8% quarter-over-quarter to $1.68B.
Based on Mariner's 13F filing for Q1 2016, filed 13 May 2016.