Segment Wealth Management Portfolio holdings
Segment Wealth Management is a fee-only wealth manager owned by Gil Baumgarten, a former Wall Street broker turned fee-only fiduciary. The firm's name comes from segmentation, a woodworking art form that Baumgarten practices. Its clients include high net worth individuals, pension and profit sharing plans and charities, and it may also be hired to help sponsors of employee retirement plans select and monitor the plans' investment options, generally mutual funds.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackstone
BX
|
+$7.35M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$2.05M |
| 3 |
JPMorgan Ultra-Short Municipal Income ETF
JMST
|
+$1.76M |
| 4 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$1.75M |
| 5 |
ExxonMobil
XOM
|
+$1.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Franklin Short Duration US Government ETF
FTSD
|
+$6.05M |
| 2 |
Main Street Capital
MAIN
|
+$5.88M |
| 3 |
WisdomTree Bloomberg Floating Rate Treasury Fund
USFR
|
+$1.35M |
| 4 |
Verizon
VZ
|
+$282K |
| 5 |
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
|
+$264K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 33.96% |
| 2 | Financials | 16.41% |
| 3 | Technology | 15.6% |
| 4 | Healthcare | 7.11% |
| 5 | Industrials | 5.7% |
Similar funds
Segment Wealth Management's Q2 2021 Portfolio in Review
As of Q2 2021, Segment Wealth Management held 239 positions worth $843M, up 12% from $754M the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Segment Wealth Management's Q2 2021 filing shows 11 new, 98 increased, 31 reduced and 6 closed positions. Its largest new stake was Kimbell Royalty Partners: 74,054 shares worth $952K. The largest sale was Franklin Short Duration US Government ETF, an estimated $6.05M.
By sector, the portfolio is most concentrated in Miscellaneous at 34% of assets, down from 35% a quarter earlier, followed by Financials and Technology.
- Segment Wealth Management's largest Q2 2021 buy was Kimbell Royalty Partners: 74,054 shares worth $952K.
- Segment Wealth Management added most to Blackstone in Q2 2021, an estimated $7.35M increase.
- Segment Wealth Management's biggest Q2 2021 reduction was Main Street Capital, cutting an estimated $5.88M.
- Segment Wealth Management fully exited Franklin Short Duration US Government ETF in Q2 2021, selling an estimated $6.05M.
- Segment Wealth Management's ten largest holdings make up 27% of its $843M portfolio in Q2 2021.
- Segment Wealth Management opened 11 new positions and closed 6 in Q2 2021.
- Segment Wealth Management's portfolio value rose 12% quarter-over-quarter to $843M.
Based on Segment Wealth Management's 13F filing for Q2 2021, filed 20 Jul 2021.