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 |
Vanguard Morningstar Value ETF
VTV
|
+$16.7M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$14.2M |
| 3 |
Vanguard Morningstar Growth ETF
VUG
|
+$13.7M |
| 4 |
iShares Russell 1000 Value ETF
IWD
|
+$11.9M |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$7.58M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$26M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$12.8M |
| 3 |
Prosperity Bancshares
PB
|
+$9.5M |
| 4 |
iShares Gold Trust
IAU
|
+$6.67M |
| 5 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$6.13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 60.96% |
| 2 | Energy | 6.99% |
| 3 | Consumer Staples | 5.94% |
| 4 | Financials | 4.99% |
| 5 | Communication Services | 4.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$875B
| $186M | 8.58% |
827,818
+64,410
| +8% | +$14.2M |
2013 Q2
14 quarters
|
|
|
2
iShares MSCI USA Min Vol Factor ETF
USMV
$24.1B
| $126M | 5.81% |
2,787,462
-582,106
| -17% | -$26M |
2013 Q4
12 quarters
|
|
3
Procter & Gamble
PG
$390B
| $74.7M | 3.44% |
888,293
+9,929
| +1% | +$846K |
2013 Q2
14 quarters
|
|
|
4
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $62.4M | 2.88% |
1,707,809
+207,711
| +14% | +$7.58M |
2015 Q2
6 quarters
|
|
5
Vanguard Real Estate ETF
VNQ
$39.1B
| $59.6M | 2.75% |
721,963
+1,104
| +0.2% | +$89.9K |
2013 Q2
14 quarters
|
|
6
Baidu
BIDU
$27.6B
| $42.4M | 1.95% |
257,917
+110
| +0% | +$18.7K |
2014 Q2
10 quarters
|
|
7
iShares MSCI EAFE ETF
EFA
$78B
| $41.2M | 1.9% |
713,761
+79,561
| +13% | +$4.59M |
2013 Q2
14 quarters
|
|
8
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.69B
| $37.5M | 1.73% |
1,624,730
+127,665
| +9% | +$2.79M |
2013 Q2
14 quarters
|
|
|
9
Vanguard Morningstar Value ETF
VTV
$196B
| $35.2M | 1.62% |
378,317
+186,408
| +97% | +$16.7M |
2015 Q2
6 quarters
|
|
10
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $34.2M | 1.58% |
153,132
-12,413
| -7% | -$2.71M |
2013 Q2
14 quarters
|
|
11
Tortoise Energy Infrastructure Corp
TYG
$932M
| $30.7M | 1.41% |
249,802
+47,917
| +24% | +$5.81M |
2013 Q2
14 quarters
|
|
|
12
Vanguard Morningstar Growth ETF
VUG
$220B
| $29M | 1.34% |
1,562,130
+738,840
| +90% | +$13.7M |
2015 Q2
6 quarters
|
|
13
iShares Core US Aggregate Bond ETF
AGG
$139B
| $28M | 1.29% |
258,669
+38,908
| +18% | +$4.26M |
2013 Q2
14 quarters
|
|
14
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.46B
| $27M | 1.25% |
372,103
+24,215
| +7% | +$1.78M |
2014 Q4
8 quarters
|
|
15
Vanguard Dividend Appreciation ETF
VIG
$117B
| $25.5M | 1.18% |
299,557
+62,364
| +26% | +$5.24M |
2013 Q2
14 quarters
|
|
16
Apple
AAPL
$5.11T
| $25.3M | 1.17% |
874,828
+76,872
| +10% | +$2.18M |
2013 Q2
14 quarters
|
|
17
iShares S&P 500 Value ETF
IVE
$51.4B
| $25.1M | 1.16% |
247,907
-27,144
| -10% | -$2.65M |
2014 Q1
11 quarters
|
|
18
ExxonMobil
XOM
$666B
| $23.6M | 1.09% |
261,362
+24,762
| +10% | +$2.16M |
2013 Q2
14 quarters
|
|
19
United Parcel Service
UPS
$95B
| $23.4M | 1.08% |
203,680
+1,560
| +0.8% | +$176K |
2013 Q2
14 quarters
|
|
20
iShares Core S&P Mid-Cap ETF
IJH
$126B
| $23.2M | 1.07% |
702,215
+15,525
| +2% | +$492K |
2013 Q2
14 quarters
|
|
21
Williams Companies
WMB
$82.7B
| $23M | 1.06% |
737,104
+131,605
| +22% | +$3.97M |
2013 Q2
14 quarters
|
|
22
iShares MSCI ACWI ex US ETF
ACWX
$18B
| $22.1M | 1.02% |
548,115
+47,534
| +9% | +$1.92M |
2015 Q2
6 quarters
|
|
23
MPLX
MPLX
$57.3B
| $21.7M | 1% |
627,273
-140,187
| -18% | -$4.55M |
2015 Q4
4 quarters
|
|
24
iShares MSCI Emerging Markets ETF
EEM
$28.3B
| $21.3M | 0.98% |
609,081
+52,917
| +10% | +$1.91M |
2013 Q2
14 quarters
|
|
25
iShares Russell 2000 ETF
IWM
$78.7B
| $20.6M | 0.95% |
152,907
-2,173
| -1% | -$278K |
2013 Q2
14 quarters
|
|
Similar funds
Mariner's Q4 2016 Portfolio in Review
As of Q4 2016, Mariner held 864 positions worth $2.17B, up 4.8% from $2.07B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Mariner deployed $73.1M of net new capital in Q4 2016, opening 55 new positions and adding to 202 existing holdings. Its largest new stake was iShares MSCI Japan ETF: 73,713 shares worth $3.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 61% of assets, up from 60% a quarter earlier, followed by Energy and Consumer Staples.
On the sell side, the largest reduction was iShares MSCI USA Min Vol Factor ETF, an estimated $26M trimmed.
- Mariner's largest Q4 2016 buy was iShares MSCI Japan ETF: 73,713 shares worth $3.6M.
- Mariner added most to Vanguard Morningstar Value ETF in Q4 2016, an estimated $16.7M increase.
- Mariner's biggest Q4 2016 reduction was iShares MSCI USA Min Vol Factor ETF, cutting an estimated $26M.
- Mariner fully exited VanEck Gold Miners ETF in Q4 2016, selling an estimated $12.8M.
- Mariner's ten largest holdings make up 32% of its $2.17B portfolio in Q4 2016.
- Mariner opened 55 new positions and closed 296 in Q4 2016.
- Mariner's portfolio value rose 4.8% quarter-over-quarter to $2.17B.
Based on Mariner's 13F filing for Q4 2016, filed 14 Feb 2017.