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 |
Schwab US Large-Cap Growth ETF
SCHG
|
+$51.8M |
| 2 |
Schwab US Large-Cap Value ETF
SCHV
|
+$22.9M |
| 3 |
Schwab US Dividend Equity ETF
SCHD
|
+$19.3M |
| 4 |
Schwab US Aggregate Bond ETF
SCHZ
|
+$14.6M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$12.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$29.7M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$21.2M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$7.46M |
| 4 |
Vanguard Real Estate ETF
VNQ
|
+$3.7M |
| 5 |
State Street SPDR S&P Global Infrastructure ETF
GII
|
+$3.32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 65.72% |
| 2 | Financials | 6% |
| 3 | Technology | 4.44% |
| 4 | Communication Services | 4.19% |
| 5 | Energy | 4.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$876B
| $220M | 8.52% |
818,899
-80,871
| -9% | -$21.2M |
2013 Q2
18 quarters
|
|
2
iShares MSCI USA Min Vol Factor ETF
USMV
$24.6B
| $106M | 4.11% |
2,012,704
+701
| +0% | +$36.4K |
2013 Q4
16 quarters
|
|
3
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $91.1M | 3.53% |
2,031,125
+47,504
| +2% | +$2.1M |
2015 Q2
10 quarters
|
|
|
4
Schwab US Large-Cap Growth ETF
SCHG
$61.4B
| $61.9M | 2.4% |
7,003,000
+6,032,176
| +621% | +$51.8M |
2013 Q2
18 quarters
|
|
5
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.64B
| $54M | 2.09% |
2,078,840
+110,750
| +6% | +$2.83M |
2013 Q2
18 quarters
|
|
6
Vanguard Morningstar Value ETF
VTV
$197B
| $49.5M | 1.91% |
465,280
+9,340
| +2% | +$964K |
2015 Q2
10 quarters
|
|
7
Baidu
BIDU
$26.6B
| $49.2M | 1.9% |
210,032
-5,196
| -2% | -$1.27M |
2014 Q2
14 quarters
|
|
|
8
Vanguard Real Estate ETF
VNQ
$38.6B
| $46.5M | 1.8% |
560,955
-44,156
| -7% | -$3.7M |
2013 Q2
18 quarters
|
|
9
Vanguard Morningstar Growth ETF
VUG
$219B
| $46.3M | 1.79% |
1,974,870
+58,392
| +3% | +$1.34M |
2015 Q2
10 quarters
|
|
10
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.47B
| $40.5M | 1.57% |
480,292
+12,550
| +3% | +$1.04M |
2014 Q4
12 quarters
|
|
11
iShares Core US Aggregate Bond ETF
AGG
$137B
| $38.6M | 1.49% |
352,860
+20,865
| +6% | +$2.28M |
2013 Q2
18 quarters
|
|
12
Apple
AAPL
$5.18T
| $37.3M | 1.44% |
880,716
+87,708
| +11% | +$3.67M |
2013 Q2
18 quarters
|
|
|
13
iShares MSCI EAFE ETF
EFA
$77.3B
| $37M | 1.43% |
525,807
-107,301
| -17% | -$7.46M |
2013 Q2
18 quarters
|
|
14
Vanguard Dividend Appreciation ETF
VIG
$118B
| $33.9M | 1.31% |
332,497
+17,425
| +6% | +$1.72M |
2013 Q2
18 quarters
|
|
15
iShares Russell 1000 Value ETF
IWD
$84.9B
| $33.1M | 1.28% |
266,212
+23,435
| +10% | +$2.84M |
2013 Q2
18 quarters
|
|
16
iShares MSCI Emerging Markets ETF
EEM
$28.2B
| $31.7M | 1.23% |
672,207
-11,576
| -2% | -$536K |
2013 Q2
18 quarters
|
|
|
17
Berkshire Hathaway Class B
BRK.B
$1.26T
| $30.7M | 1.19% |
154,930
+63,838
| +70% | +$12.1M |
2013 Q2
18 quarters
|
|
18
Tortoise Energy Infrastructure Corp
TYG
$969M
| $30.1M | 1.17% |
259,085
-20,862
| -7% | -$2.24M |
2013 Q2
18 quarters
|
|
19
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $29.7M | 1.15% |
111,198
+1,142
| +1% | +$297K |
2013 Q2
18 quarters
|
|
|
20
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $29.1M | 1.13% |
1,597,104
+1,287,087
| +415% | +$22.9M |
2013 Q2
18 quarters
|
|
21
iShares S&P 500 Growth ETF
IVW
$73.3B
| $29M | 1.12% |
759,896
+75,532
| +11% | +$2.82M |
2014 Q1
15 quarters
|
|
22
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $26.9M | 1.04% |
977,578
+125,448
| +15% | +$3.41M |
2013 Q2
18 quarters
|
|
23
United Parcel Service
UPS
$95.7B
| $24.6M | 0.95% |
206,478
+38,091
| +23% | +$4.48M |
2013 Q2
18 quarters
|
|
24
ExxonMobil
XOM
$696B
| $22M | 0.85% |
263,540
+22,108
| +9% | +$1.83M |
2013 Q2
18 quarters
|
|
25
Microsoft
MSFT
$3.89T
| $22M | 0.85% |
257,548
+40,997
| +19% | +$3.36M |
2013 Q2
18 quarters
|
|
Similar funds
Mariner's Q4 2017 Portfolio in Review
As of Q4 2017, Mariner held 604 positions worth $2.58B, up 17% from $2.21B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Mariner deployed $271M of net new capital in Q4 2017, opening 94 new positions and adding to 257 existing holdings. Its largest new stake was State Street SPDR S&P 400 Mid Cap Growth ETF: 225,057 shares worth $11.7M.
By sector, the portfolio is most concentrated in Miscellaneous at 66% of assets, down from 66% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was Procter & Gamble, an estimated $29.7M trimmed.
- Mariner's largest Q4 2017 buy was State Street SPDR S&P 400 Mid Cap Growth ETF: 225,057 shares worth $11.7M.
- Mariner added most to Schwab US Large-Cap Growth ETF in Q4 2017, an estimated $51.8M increase.
- Mariner's biggest Q4 2017 reduction was Procter & Gamble, cutting an estimated $29.7M.
- Mariner fully exited Viacom Inc. Class B in Q4 2017, selling an estimated $2.03M.
- Mariner's ten largest holdings make up 30% of its $2.58B portfolio in Q4 2017.
- Mariner opened 94 new positions and closed 24 in Q4 2017.
- Mariner's portfolio value rose 17% quarter-over-quarter to $2.58B.
Based on Mariner's 13F filing for Q4 2017, filed 9 Feb 2018.