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SIA

Spruce Investment Advisors Portfolio holdings

AUM $48.5M
1-Year Est. Return 19.92%
This Fund
S&P 500
This Quarter Est. Return
+3.17%
1 Year Est. Return
+19.92%
3 Year Est. Return
+23.52%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$56.6M
AUM Growth
-$30.2M
Cap. Flow
-$32.2M
Cap. Flow %
-56.85%
Top 10 Hldgs %
58.54%
Holding
51
New
5
Increased
3
Reduced
23
Closed
13

Top Buys

Rank Stock Value
1
MUB icon
iShares National Muni Bond ETF
MUB
+$8.67M
2
IMTM icon
iShares MSCI Intl Momentum Factor ETF
IMTM
+$2.32M
3
IVLU icon
iShares MSCI Intl Value Factor ETF
IVLU
+$2.31M
4
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$1.58M
5
ISCF icon
iShares International Small Cap Equity Factor ETF
ISCF
+$1.17M

Top Sells

Rank Stock Value
1
SUB icon
iShares Short-Term National Muni Bond ETF
SUB
+$11M
2
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$5.28M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$5.12M
4
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$3.05M
5
VCR icon
Vanguard Consumer Discretionary ETF
VCR
+$2.91M

Sector Composition

Rank Sector Weight
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUB icon
1
iShares National Muni Bond ETF
MUB
$45.1B
$9.22M 16.29%
83,695
+78,837
+1,623% +$8.67M
VWO icon
2
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$3.42M 6.04%
83,660
– –
IEFA icon
3
iShares Core MSCI EAFE ETF
IEFA
$186B
$3.23M 5.72%
53,089
-87,426
-62% -$5.28M
VTI icon
4
Vanguard Total Stock Market ETF
VTI
$654B
$2.95M 5.22%
23,732
– –
MTUM icon
5
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
$2.43M 4.29%
27,301
-3,145
-10% -$272K
BKF icon
6
iShares MSCI BIC ETF
BKF
$75.2M
$2.42M 4.28%
64,630
-19,485
-23% -$722K
IDV icon
7
iShares International Select Dividend ETF
IDV
$8.25B
$2.39M 4.23%
73,131
-14,938
-17% -$484K
VLUE icon
8
iShares MSCI USA Value Factor ETF
VLUE
$9.4B
$2.37M 4.19%
32,188
+9,273
+40% +$679K
IMTM icon
9
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.11B
$2.35M 4.16%
+83,633
New +$2.32M
IVLU icon
10
iShares MSCI Intl Value Factor ETF
IVLU
$4.31B
$2.33M 4.12%
+96,690
New +$2.31M
DBEU icon
11
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$764M
$2.28M 4.03%
83,339
-70,154
-46% -$1.95M
XLK icon
12
State Street Technology Select Sector SPDR ETF
XLK
$115B
$2.28M 4.03%
83,302
-65,750
-44% -$1.81M
VFH icon
13
Vanguard Financials ETF
VFH
$13.3B
$2.13M 3.77%
34,082
-1,782
-5% -$108K
DXJ icon
14
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
$2.12M 3.76%
40,848
-20,169
-33% -$1.03M
VGK icon
15
Vanguard FTSE Europe ETF
VGK
$30B
$1.7M 3.01%
30,871
– –
QUAL icon
16
iShares MSCI USA Quality Factor ETF
QUAL
$45.8B
$1.59M 2.81%
+21,355
New +$1.58M
IHF icon
17
iShares US Healthcare Providers ETF
IHF
$1.18B
$1.27M 2.25%
42,750
-14,455
-25% -$407K
EMGF icon
18
iShares Emerging Markets Equity Factor ETF
EMGF
$1.8B
$1.19M 2.11%
+27,974
New +$1.16M
ISCF icon
19
iShares International Small Cap Equity Factor ETF
ISCF
$651M
$1.18M 2.08%
+41,512
New +$1.17M
XLV icon
20
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
$1.09M 1.93%
13,781
-2,113
-13% -$161K
VCR icon
21
Vanguard Consumer Discretionary ETF
VCR
$5.84B
$794K 1.4%
5,590
-20,645
-79% -$2.91M
XLP icon
22
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
$789K 1.4%
14,363
-23,110
-62% -$1.28M
VPU
23
Vanguard Utilities ETF
VPU
$8.83B
$788K 1.39%
6,900
-10,607
-61% -$1.22M
VOX icon
24
Vanguard Communication Services ETF
VOX
$5.53B
$779K 1.38%
8,484
-10,066
-54% -$955K
XLI icon
25
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
$764K 1.35%
11,217
-1,647
-13% -$110K
1
2 3

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LCP
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Spruce Investment Advisors's Q2 2017 Portfolio in Review

As of Q2 2017, Spruce Investment Advisors held 51 positions worth $56.6M, down 35% from $86.7M the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Spruce Investment Advisors withdrew a net $32.2M in Q2 2017, closing 13 positions and reducing 23 holdings. Its most notable exit was iShares Short-Term National Muni Bond ETF, an estimated $11M position sold in full.

Against the trend, Spruce Investment Advisors opened a new position in iShares MSCI Intl Momentum Factor ETF worth $2.35M.

  • Spruce Investment Advisors's largest Q2 2017 buy was iShares MSCI Intl Momentum Factor ETF: 83,633 shares worth $2.35M.
  • Spruce Investment Advisors added most to iShares National Muni Bond ETF in Q2 2017, an estimated $8.67M increase.
  • Spruce Investment Advisors's biggest Q2 2017 reduction was iShares Core MSCI EAFE ETF, cutting an estimated $5.28M.
  • Spruce Investment Advisors fully exited iShares Short-Term National Muni Bond ETF in Q2 2017, selling an estimated $11M.
  • Spruce Investment Advisors's ten largest holdings make up 59% of its $56.6M portfolio in Q2 2017.
  • Spruce Investment Advisors opened 5 new positions and closed 13 in Q2 2017.
  • Spruce Investment Advisors's portfolio value fell 35% quarter-over-quarter to $56.6M.

Based on Spruce Investment Advisors's 13F filing for Q2 2017, filed 7 Aug 2017.