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
|
+$5.89M |
| 2 |
iShares Russell 1000 Value ETF
IWD
|
+$3.87M |
| 3 |
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
|
+$3.8M |
| 4 |
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
|
+$3.62M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$2.54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$30.4M |
| 2 |
Penumbra
PEN
|
+$9.7M |
| 3 |
Baidu
BIDU
|
+$8.68M |
| 4 |
Paramount Global Class B
PARA
|
+$4.79M |
| 5 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$3.88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 66.4% |
| 2 | Financials | 5.01% |
| 3 | Communication Services | 4.63% |
| 4 | Energy | 4.21% |
| 5 | Consumer Staples | 3.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$870B
| $228M | 10.29% |
899,770
+23,718
| +3% | +$5.89M |
2013 Q2
17 quarters
|
|
|
2
iShares MSCI USA Min Vol Factor ETF
USMV
$24.2B
| $101M | 4.58% |
2,012,003
-77,813
| -4% | -$3.88M |
2013 Q4
15 quarters
|
|
3
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $86.1M | 3.89% |
1,983,621
+30,244
| +2% | +$1.28M |
2015 Q2
9 quarters
|
|
|
4
Baidu
BIDU
$27.1B
| $53.3M | 2.41% |
215,228
-39,786
| -16% | -$8.68M |
2014 Q2
13 quarters
|
|
5
Vanguard Real Estate ETF
VNQ
$38.9B
| $50.3M | 2.27% |
605,111
-27,954
| -4% | -$2.34M |
2013 Q2
17 quarters
|
|
|
6
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.66B
| $49.3M | 2.23% |
1,968,090
+152,370
| +8% | +$3.62M |
2013 Q2
17 quarters
|
|
|
7
Procter & Gamble
PG
$391B
| $46.9M | 2.12% |
515,322
-333,537
| -39% | -$30.4M |
2013 Q2
17 quarters
|
|
8
Vanguard Morningstar Value ETF
VTV
$196B
| $45.5M | 2.06% |
455,940
+4,568
| +1% | +$447K |
2015 Q2
9 quarters
|
|
9
iShares MSCI EAFE ETF
EFA
$77.5B
| $43.4M | 1.96% |
633,108
+2,730
| +0.4% | +$183K |
2013 Q2
17 quarters
|
|
10
Vanguard Morningstar Growth ETF
VUG
$218B
| $42.4M | 1.92% |
1,916,478
+18,684
| +1% | +$406K |
2015 Q2
9 quarters
|
|
11
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.46B
| $38.1M | 1.72% |
467,742
+17,980
| +4% | +$1.45M |
2014 Q4
11 quarters
|
|
12
iShares Core US Aggregate Bond ETF
AGG
$138B
| $36.4M | 1.64% |
331,995
+22,136
| +7% | +$2.43M |
2013 Q2
17 quarters
|
|
13
Tortoise Energy Infrastructure Corp
TYG
$958M
| $32.4M | 1.47% |
279,947
+15,740
| +6% | +$1.84M |
2013 Q2
17 quarters
|
|
14
iShares MSCI Emerging Markets ETF
EEM
$28.1B
| $30.6M | 1.39% |
683,783
+28,091
| +4% | +$1.24M |
2013 Q2
17 quarters
|
|
15
Apple
AAPL
$5.06T
| $30.6M | 1.38% |
793,008
+54,268
| +7% | +$2.11M |
2013 Q2
17 quarters
|
|
16
Vanguard Dividend Appreciation ETF
VIG
$117B
| $29.9M | 1.35% |
315,072
+12,156
| +4% | +$1.13M |
2013 Q2
17 quarters
|
|
|
17
iShares Russell 1000 Value ETF
IWD
$84.7B
| $28.8M | 1.3% |
242,777
+33,191
| +16% | +$3.87M |
2013 Q2
17 quarters
|
|
18
State Street SPDR S&P 500 ETF Trust
SPY
$796B
| $27.6M | 1.25% |
110,056
-263
| -0.2% | -$64.8K |
2013 Q2
17 quarters
|
|
19
iShares S&P 500 Growth ETF
IVW
$73B
| $24.5M | 1.11% |
684,364
+32,944
| +5% | +$1.16M |
2014 Q1
14 quarters
|
|
|
20
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $24M | 1.09% |
852,130
+132,225
| +18% | +$3.8M |
2013 Q2
17 quarters
|
|
21
United Parcel Service
UPS
$94.6B
| $20.2M | 0.91% |
168,387
+2,000
| +1% | +$227K |
2013 Q2
17 quarters
|
|
22
MPLX
MPLX
$57.4B
| $20.2M | 0.91% |
577,384
| – | – |
2015 Q4
7 quarters
|
|
23
ExxonMobil
XOM
$671B
| $19.8M | 0.89% |
241,432
+3,568
| +2% | +$283K |
2013 Q2
17 quarters
|
|
24
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $18.7M | 0.84% |
521,980
+45,690
| +10% | +$1.59M |
2013 Q2
17 quarters
|
|
25
iShares MSCI ACWI ex US ETF
ACWX
$17.9B
| $18M | 0.82% |
372,878
+3,443
| +0.9% | +$163K |
2015 Q2
9 quarters
|
|
Similar funds
Mariner's Q3 2017 Portfolio in Review
As of Q3 2017, Mariner held 530 positions worth $2.21B, up 4.1% from $2.13B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Mariner's Q3 2017 filing shows 31 new, 198 increased, 163 reduced and 27 closed positions. Its largest new stake was Digital Realty Trust: 15,545 shares worth $1.84M. The largest sale was Procter & Gamble, an estimated $30.4M.
By sector, the portfolio is most concentrated in Miscellaneous at 66% of assets, up from 65% a quarter earlier, followed by Financials and Communication Services.
- Mariner's largest Q3 2017 buy was Digital Realty Trust: 15,545 shares worth $1.84M.
- Mariner added most to iShares Core S&P 500 ETF in Q3 2017, an estimated $5.89M increase.
- Mariner's biggest Q3 2017 reduction was Procter & Gamble, cutting an estimated $30.4M.
- Mariner fully exited Penumbra in Q3 2017, selling an estimated $9.7M.
- Mariner's ten largest holdings make up 34% of its $2.21B portfolio in Q3 2017.
- Mariner opened 31 new positions and closed 27 in Q3 2017.
- Mariner's portfolio value rose 4.1% quarter-over-quarter to $2.21B.
Based on Mariner's 13F filing for Q3 2017, filed 14 Nov 2017.