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
|
+$44.6M |
| 2 |
Tortoise Energy Infrastructure Corp
TYG
|
+$27.9M |
| 3 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$23.2M |
| 4 |
iShares Core Dividend Growth ETF
DGRO
|
+$13.2M |
| 5 |
Invesco DB Commodity Index Tracking Fund
DBC
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
|
+$4.21M |
| 2 |
Vanguard Real Estate ETF
VNQ
|
+$3.84M |
| 3 |
Amazon
AMZN
|
+$2.18M |
| 4 |
Invesco International Dividend Achievers ETF
PID
|
+$1.97M |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$1.77M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 57.24% |
| 2 | Financials | 8.04% |
| 3 | Healthcare | 6.03% |
| 4 | Technology | 5.75% |
| 5 | Energy | 5.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$876B
| $268M | 7.59% |
980,822
+164,018
| +20% | +$44.6M |
2013 Q2
20 quarters
|
|
2
iShares MSCI USA Min Vol Factor ETF
USMV
$24.6B
| $106M | 3.01% |
1,996,242
+19,082
| +1% | +$1M |
2013 Q4
18 quarters
|
|
3
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $90.8M | 2.57% |
2,115,645
+89,644
| +4% | +$4M |
2015 Q2
12 quarters
|
|
4
Schwab US Large-Cap Growth ETF
SCHG
$61.4B
| $69.8M | 1.98% |
7,364,304
+70,296
| +1% | +$654K |
2013 Q2
20 quarters
|
|
5
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.64B
| $68.3M | 1.94% |
2,454,220
+156,745
| +7% | +$4.25M |
2013 Q2
20 quarters
|
|
|
6
Tortoise Energy Infrastructure Corp
TYG
$969M
| $56.2M | 1.59% |
526,518
+250,565
| +91% | +$27.9M |
2013 Q2
20 quarters
|
|
7
Vanguard Morningstar Value ETF
VTV
$197B
| $52.4M | 1.48% |
504,444
+44,473
| +10% | +$4.66M |
2015 Q2
12 quarters
|
|
8
Baidu
BIDU
$26.6B
| $51M | 1.45% |
210,036
-736
| -0.3% | -$183K |
2014 Q2
16 quarters
|
|
9
Vanguard Morningstar Growth ETF
VUG
$219B
| $50.6M | 1.43% |
2,026,290
+83,868
| +4% | +$2.06M |
2015 Q2
12 quarters
|
|
10
Apple
AAPL
$5.18T
| $49.9M | 1.41% |
1,078,384
+99,184
| +10% | +$4.5M |
2013 Q2
20 quarters
|
|
11
iShares MSCI EAFE ETF
EFA
$77.3B
| $48.1M | 1.36% |
718,912
+154,230
| +27% | +$10.8M |
2013 Q2
20 quarters
|
|
12
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.47B
| $42M | 1.19% |
505,492
+6,130
| +1% | +$514K |
2014 Q4
14 quarters
|
|
|
13
Vanguard Real Estate ETF
VNQ
$38.6B
| $40.6M | 1.15% |
498,409
-49,511
| -9% | -$3.84M |
2013 Q2
20 quarters
|
|
14
Microsoft
MSFT
$3.89T
| $40.2M | 1.14% |
407,610
+57,398
| +16% | +$5.56M |
2013 Q2
20 quarters
|
|
15
iShares Core US Aggregate Bond ETF
AGG
$137B
| $39.4M | 1.12% |
370,359
+507
| +0.1% | +$53.8K |
2013 Q2
20 quarters
|
|
16
iShares Russell 1000 Value ETF
IWD
$84.9B
| $36.6M | 1.04% |
301,619
+15,501
| +5% | +$1.88M |
2013 Q2
20 quarters
|
|
17
Vanguard Dividend Appreciation ETF
VIG
$118B
| $34.7M | 0.98% |
341,514
+483
| +0.1% | +$49.2K |
2013 Q2
20 quarters
|
|
18
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $33.3M | 0.94% |
122,868
+2,400
| +2% | +$648K |
2013 Q2
20 quarters
|
|
19
iShares MSCI Emerging Markets ETF
EEM
$28.2B
| $32M | 0.91% |
737,571
+16,788
| +2% | +$777K |
2013 Q2
20 quarters
|
|
20
iShares S&P 500 Growth ETF
IVW
$73.3B
| $31.5M | 0.89% |
775,724
+52,340
| +7% | +$2.1M |
2014 Q1
17 quarters
|
|
21
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $30M | 0.85% |
1,694,754
+15,405
| +0.9% | +$275K |
2013 Q2
20 quarters
|
|
22
iShares MSCI ACWI ex US ETF
ACWX
$18B
| $29.7M | 0.84% |
628,522
+215,227
| +52% | +$10.7M |
2015 Q2
12 quarters
|
|
23
Berkshire Hathaway Class B
BRK.B
$1.26T
| $29.5M | 0.84% |
158,111
+10,253
| +7% | +$2M |
2013 Q2
20 quarters
|
|
24
Procter & Gamble
PG
$394B
| $26.1M | 0.74% |
334,475
+105,389
| +46% | +$7.93M |
2013 Q2
20 quarters
|
|
25
MPLX
MPLX
$58B
| $25.1M | 0.71% |
734,859
+7,718
| +1% | +$268K |
2015 Q4
10 quarters
|
|
Similar funds
Mariner's Q2 2018 Portfolio in Review
As of Q2 2018, Mariner held 835 positions worth $3.53B, up 26% from $2.79B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Mariner deployed $683M of net new capital in Q2 2018, opening 172 new positions and adding to 465 existing holdings. Its largest new stake was iShares MSCI USA Momentum Factor ETF: 847,056 shares worth $23.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 57% of assets, down from 63% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was JP Morgan Alerian MLP Index ETN 5/24/24, an estimated $4.21M trimmed.
- Mariner's largest Q2 2018 buy was iShares MSCI USA Momentum Factor ETF: 847,056 shares worth $23.2M.
- Mariner added most to iShares Core S&P 500 ETF in Q2 2018, an estimated $44.6M increase.
- Mariner's biggest Q2 2018 reduction was JP Morgan Alerian MLP Index ETN 5/24/24, cutting an estimated $4.21M.
- Mariner fully exited PIMCO Dynamic Income Fund in Q2 2018, selling an estimated $1.32M.
- Mariner's ten largest holdings make up 24% of its $3.53B portfolio in Q2 2018.
- Mariner opened 172 new positions and closed 50 in Q2 2018.
- Mariner's portfolio value rose 26% quarter-over-quarter to $3.53B.
Based on Mariner's 13F filing for Q2 2018, filed 14 Aug 2018.