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 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$321M |
| 2 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$209M |
| 3 |
Vanguard Morningstar Mid-Cap Growth ETF
VOT
|
+$111M |
| 4 |
Vanguard Real Estate ETF
VNQ
|
+$84.5M |
| 5 |
Vanguard Short-Term Bond ETF
BSV
|
+$73.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$786M |
| 2 |
Amazon
AMZN
|
+$113K |
| 3 |
First Horizon
FHN
|
+$10.7K |
| 4 |
Newfield Exploration
NFX
|
+$10K |
| 5 |
FCB
FCB Financial Holdings, Inc.
FCB
|
+$3.95K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 94.33% |
| 2 | Consumer Staples | 2.25% |
| 3 | Financials | 1.12% |
| 4 | Technology | 0.7% |
| 5 | Communication Services | 0.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Morningstar Total Stock Market ETF
VTI
$696B
| $374M | 33.63% |
2,661,738
+2,303,364
| +643% | +$321M |
2013 Q2
20 quarters
|
|
|
2
Vanguard FTSE Developed Markets ETF
VEA
$230B
| $211M | 18.96% |
4,911,049
+4,696,088
| +2,185% | +$209M |
2013 Q2
20 quarters
|
|
|
3
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$19.1B
| $129M | 11.58% |
957,178
+832,717
| +669% | +$111M |
2013 Q2
20 quarters
|
|
|
4
Vanguard Real Estate ETF
VNQ
$38.7B
| $95.8M | 8.62% |
1,176,480
+1,090,241
| +1,264% | +$84.5M |
2013 Q2
20 quarters
|
|
|
5
Vanguard Short-Term Bond ETF
BSV
$46.5B
| $79.9M | 7.19% |
1,022,038
+945,045
| +1,227% | +$73.8M |
2014 Q1
17 quarters
|
|
6
Vanguard Morningstar Growth ETF
VUG
$223B
| $79.7M | 7.17% |
3,190,572
+2,735,184
| +601% | +$67.1M |
2013 Q2
20 quarters
|
|
7
Procter & Gamble
PG
$390B
| $23.4M | 2.11% |
299,861
+275,846
| +1,149% | +$20.8M |
2013 Q2
20 quarters
|
|
8
iShares Russell 3000 ETF
IWV
$20.4B
| $14.7M | 1.32% |
90,306
+76,004
| +531% | +$12.2M |
2013 Q2
20 quarters
|
|
9
Schwab US REIT ETF
SCHH
$11.3B
| $6.73M | 0.61% |
321,982
+309,374
| +2,454% | +$6.12M |
2018 Q1
1 quarter
|
|
10
Apple
AAPL
$5.2T
| $5.34M | 0.48% |
115,488
+96,040
| +494% | +$4.36M |
2014 Q3
15 quarters
|
|
11
iShares Core S&P 500 ETF
IVV
$884B
| $5.32M | 0.48% |
19,473
+14,284
| +275% | +$3.89M |
2013 Q3
19 quarters
|
|
12
Meta Platforms (Facebook)
META
$1.6T
| $4.82M | 0.43% |
24,807
+20,359
| +458% | +$3.68M |
2013 Q3
19 quarters
|
|
13
iShares Russell Mid-Cap Growth ETF
IWP
$18.5B
| $4.82M | 0.43% |
75,986
+66,476
| +699% | +$4.18M |
2013 Q3
19 quarters
|
|
14
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$68B
| $4.65M | 0.42% |
55,623
+55,402
| +25,069% | +$4.63M |
2018 Q1
1 quarter
|
|
15
iShares MSCI Emerging Markets ETF
EEM
$28.4B
| $3.78M | 0.34% |
87,116
+82,865
| +1,949% | +$3.84M |
2015 Q3
11 quarters
|
|
16
State Street SPDR S&P 500 ETF Trust
SPY
$808B
| $3.61M | 0.32% |
13,295
+9,793
| +280% | +$2.64M |
2014 Q3
15 quarters
|
|
17
iShares MSCI EAFE ETF
EFA
$77.5B
| $3.4M | 0.31% |
50,731
+47,129
| +1,308% | +$3.3M |
2013 Q3
19 quarters
|
|
18
Vanguard Total Bond Market
BND
$166B
| $2.89M | 0.26% |
36,484
+35,792
| +5,172% | +$2.83M |
2016 Q2
8 quarters
|
|
19
US Bancorp
USB
$94.7B
| $2.86M | 0.26% |
57,119
+54,250
| +1,891% | +$2.75M |
2015 Q3
11 quarters
|
|
20
CVS Health
CVS
$114B
| $2.76M | 0.25% |
42,912
+40,282
| +1,532% | +$2.65M |
2015 Q3
11 quarters
|
|
21
iShares Core MSCI EAFE ETF
IEFA
$192B
| $2.68M | 0.24% |
42,346
+39,032
| +1,178% | +$2.58M |
2015 Q3
11 quarters
|
|
|
22
Berkshire Hathaway Class A
BRK.A
$1.26T
| $2.54M | 0.23% |
9
-2,683
| -100% | -$786M |
2018 Q1
1 quarter
|
|
|
FFKT
23
DELISTED
Farmers Capital Bank Corp
FFKT
| $2.08M | 0.19% |
39,922
+38,727
| +3,241% | +$1.94M |
2016 Q4
6 quarters
|
|
24
Vanguard Global ex-US Real Estate ETF
VNQI
$3.33B
| $2.05M | 0.18% |
35,365
+33,101
| +1,462% | +$2.01M |
2013 Q2
20 quarters
|
|
25
iShares Russell 1000 Growth ETF
IWF
$120B
| $1.88M | 0.17% |
52,336
+44,420
| +561% | +$1.57M |
2014 Q3
15 quarters
|
|
Similar funds
Truepoint Inc's Q2 2018 Portfolio in Review
As of Q2 2018, Truepoint Inc held 115 positions worth $1.11B, up 8,548% from $12.9M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Truepoint Inc deployed $204M of net new capital in Q2 2018, opening 14 new positions and adding to 92 existing holdings. Its largest new stake was State Street SPDR Nuveen ICE Short Term Municipal Bond ETF: 14,000 shares worth $672K.
By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, up from 93% a quarter earlier, followed by Consumer Staples and Financials.
On the sell side, the largest reduction was Berkshire Hathaway Class A, an estimated $786M trimmed.
- Truepoint Inc's largest Q2 2018 buy was State Street SPDR Nuveen ICE Short Term Municipal Bond ETF: 14,000 shares worth $672K.
- Truepoint Inc added most to Vanguard Morningstar Total Stock Market ETF in Q2 2018, an estimated $321M increase.
- Truepoint Inc's biggest Q2 2018 reduction was Berkshire Hathaway Class A, cutting an estimated $786M.
- Truepoint Inc fully exited First Horizon in Q2 2018, selling an estimated $10.7K.
- Truepoint Inc's ten largest holdings make up 92% of its $1.11B portfolio in Q2 2018.
- Truepoint Inc opened 14 new positions and closed 7 in Q2 2018.
- Truepoint Inc's portfolio value rose 8,548% quarter-over-quarter to $1.11B.
Based on Truepoint Inc's 13F filing for Q2 2018, filed 9 Aug 2018.