Truepoint Inc Portfolio holdings
Truepoint is a fee-only wealth management firm owned entirely by its employees, building client portfolios around low-cost funds rather than stock picking. Michael Chasnoff, a financial adviser who started his own firm with LKCD Financial, formed Advanced Capital Strategies, the precursor to Truepoint, in 1990. The firm added estate planning in 2003, and in 2016 it bought RhineVest Advisors, a start-up that became Commas in 2021. Commas is a wholly owned subsidiary that pairs a digital platform with personal guidance. Truepoint also has specialised services for Procter & Gamble employees, and since 2015 its institutional unit has served small and mid-sized endowments, foundations and nonprofits.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$316M |
| 2 |
Vanguard Short-Term Bond ETF
BSV
|
+$9.37M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$7.95M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$5.02M |
| 5 |
Vanguard Real Estate ETF
VNQ
|
+$4.61M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AKS
AK Steel Holding Corp
AKS
|
+$1.1M |
| 2 |
Citigroup
C
|
+$968K |
| 3 |
Apple
AAPL
|
+$846K |
| 4 |
PepsiCo
PEP
|
+$428K |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$425K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.38% |
| 2 | Consumer Staples | 3.71% |
| 3 | Financials | 1.35% |
| 4 | Communication Services | 0.81% |
| 5 | Technology | 0.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Morningstar Total Stock Market ETF
VTI
$697B
| $299M | 33.2% |
2,524,305
+44,630
| +2% | +$5.02M |
2013 Q2
14 quarters
|
|
|
2
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $176M | 19.57% |
4,631,751
+218,028
| +5% | +$7.95M |
2013 Q2
14 quarters
|
|
3
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$19.4B
| $101M | 11.26% |
914,687
+34,694
| +4% | +$3.64M |
2013 Q2
14 quarters
|
|
|
4
Vanguard Real Estate ETF
VNQ
$37.7B
| $76M | 8.46% |
915,929
+56,587
| +7% | +$4.61M |
2013 Q2
14 quarters
|
|
5
Vanguard Morningstar Growth ETF
VUG
$227B
| $62.2M | 6.91% |
3,185,244
+100,026
| +3% | +$1.85M |
2013 Q2
14 quarters
|
|
|
6
Vanguard Short-Term Bond ETF
BSV
$45.7B
| $53M | 5.9% |
665,828
+117,139
| +21% | +$9.37M |
2014 Q1
11 quarters
|
|
7
Procter & Gamble
PG
$372B
| $31.3M | 3.48% |
354,121
+12,965
| +4% | +$1.11M |
2013 Q2
14 quarters
|
|
8
iShares Russell 3000 ETF
IWV
$20.5B
| $14.4M | 1.6% |
105,342
-3,186
| -3% | -$413K |
2013 Q2
14 quarters
|
|
9
Meta Platforms (Facebook)
META
$1.63T
| $5.58M | 0.62% |
41,548
-1,648
| -4% | -$202K |
2013 Q3
13 quarters
|
|
10
State Street SPDR S&P 500 ETF Trust
SPY
$816B
| $4.63M | 0.52% |
20,213
+14,465
| +252% | +$3.16M |
2014 Q3
9 quarters
|
|
11
iShares Russell Mid-Cap Growth ETF
IWP
$19.2B
| $4.2M | 0.47% |
82,606
-4,866
| -6% | -$235K |
2013 Q3
13 quarters
|
|
12
US Bancorp
USB
$94.5B
| $3.69M | 0.41% |
69,823
+15,854
| +29% | +$754K |
2015 Q3
5 quarters
|
|
|
13
Apple
AAPL
$5.09T
| $3.67M | 0.41% |
111,128
-29,832
| -21% | -$846K |
2014 Q3
9 quarters
|
|
14
First Financial Bancorp
FFBC
$3.45B
| $3.49M | 0.39% |
+129,609
| New | +$3.2M |
2016 Q4
0 quarters
|
|
|
15
iShares MSCI Emerging Markets ETF
EEM
$29.1B
| $3.47M | 0.39% |
92,152
-11,789
| -11% | -$425K |
2015 Q3
5 quarters
|
|
16
iShares Core S&P 500 ETF
IVV
$885B
| $3.36M | 0.37% |
14,554
-1,205
| -8% | -$265K |
2013 Q3
13 quarters
|
|
17
CVS Health
CVS
$116B
| $3.34M | 0.37% |
43,414
-88
| -0.2% | -$7.12K |
2015 Q3
5 quarters
|
|
18
iShares MSCI EAFE ETF
EFA
$77.4B
| $3.12M | 0.35% |
52,244
-4,614
| -8% | -$266K |
2013 Q3
13 quarters
|
|
19
iShares Core US Aggregate Bond ETF
AGG
$140B
| $2.66M | 0.3% |
24,520
+21,362
| +676% | +$2.34M |
2015 Q4
4 quarters
|
|
20
iShares Core MSCI EAFE ETF
IEFA
$191B
| $2.64M | 0.29% |
47,358
-2,790
| -6% | -$150K |
2015 Q3
5 quarters
|
|
21
Vanguard Global ex-US Real Estate ETF
VNQI
$3.27B
| $2.1M | 0.23% |
40,232
+11,101
| +38% | +$577K |
2013 Q2
14 quarters
|
|
22
iShares National Muni Bond ETF
MUB
$53.3B
| $2.04M | 0.23% |
18,837
+16,487
| +702% | +$1.81M |
2015 Q4
4 quarters
|
|
23
Cincinnati Financial
CINF
$27.9B
| $1.87M | 0.21% |
26,581
+4,645
| +21% | +$346K |
2015 Q4
4 quarters
|
|
24
iShares Russell 1000 Growth ETF
IWF
$124B
| $1.35M | 0.15% |
49,404
+884
| +2% | +$22.9K |
2014 Q3
9 quarters
|
|
25
GE Aerospace
GE
$325B
| $1.32M | 0.15% |
9,325
+2,285
| +32% | +$332K |
2013 Q2
14 quarters
|
|
Similar funds
Truepoint Inc's Q4 2016 Portfolio in Review
As of Q4 2016, Truepoint Inc held 100 positions worth $899M, up 9.3% from $822M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Truepoint Inc deployed $367M of net new capital in Q4 2016, opening 24 new positions and adding to 33 existing holdings. Its largest new stake was Berkshire Hathaway Class A: 1,370 shares worth $223K.
By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, down from 93% a quarter earlier, followed by Consumer Staples and Financials.
On the sell side, the largest reduction was Apple, an estimated $846K trimmed.
- Truepoint Inc's largest Q4 2016 buy was Berkshire Hathaway Class A: 1,370 shares worth $223K.
- Truepoint Inc added most to Vanguard Short-Term Bond ETF in Q4 2016, an estimated $9.37M increase.
- Truepoint Inc's biggest Q4 2016 reduction was Apple, cutting an estimated $846K.
- Truepoint Inc fully exited AK Steel Holding Corp in Q4 2016, selling an estimated $1.1M.
- Truepoint Inc's ten largest holdings make up 92% of its $899M portfolio in Q4 2016.
- Truepoint Inc opened 24 new positions and closed 9 in Q4 2016.
- Truepoint Inc's portfolio value rose 9.3% quarter-over-quarter to $899M.
Based on Truepoint Inc's 13F filing for Q4 2016, filed 14 Feb 2017.