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VCM
Verger Capital Management Portfolio holdings
AUM
$339M
1-Year Est. Return
19.43%
This Fund
S&P 500
This Quarter
Est. Return
+3.01%
1 Year Est. Return
+19.43%
3 Year Est. Return
+47.98%
5 Year Est. Return
+52.37%
10 Year Est. Return
+136.48%
AUM
$161M
AUM Growth
-$24.3M
(-13%)
Cap. Flow
-$28.7M
Cap. Flow
% of AUM
-17.81%
Top 10 Holdings %
Top 10 Hldgs %
98.88%
Holding
32
New
–
Increased
8
Reduced
3
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.84M |
| 2 |
iShares MSCI ACWI ETF
ACWI
|
+$1.32M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$1.02M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$484K |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$437K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Gold Trust
IAU
|
+$3.92M |
| 2 |
Agnico Eagle Mines
AEM
|
+$2.53M |
| 3 |
Constellation Energy
CEG
|
+$2.25M |
| 4 |
Crown Castle
CCI
|
+$2.01M |
| 5 |
CTRA
Coterra Energy
CTRA
|
+$1.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 0% |
| 2 | Materials | 0% |
| 3 | Real Estate | 0% |
| 4 | Utilities | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
iShares Core S&P 500 ETF
IVV
$876B
| $28.5M | 17.69% |
63,940
-3,257
| -5% | -$1.37M |
|
|
2
iShares MSCI EAFE ETF
EFA
$76.4B
| $23.4M | 14.55% |
323,204
+6,672
| +2% | +$484K |
|
|
3
iShares MSCI ACWI ETF
ACWI
$32.6B
| $23.3M | 14.48% |
243,082
+14,178
| +6% | +$1.32M |
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $19.4M | 12.03% |
43,724
+4,386
| +11% | +$1.84M |
|
5
iShares Global Energy ETF
IXC
$2.71B
| $18.4M | 11.44% |
494,941
+6,545
| +1% | +$246K |
|
|
6
iShares Core US Aggregate Bond ETF
AGG
$138B
| $18.3M | 11.37% |
186,900
+10,281
| +6% | +$1.02M |
|
|
7
iShares Gold Trust
IAU
$63B
| $8.7M | 5.4% |
239,144
-104,525
| -30% | -$3.92M |
|
|
8
iShares MSCI Emerging Markets ETF
EEM
$28B
| $7.99M | 4.96% |
201,894
+11,105
| +6% | +$437K |
|
9
iShares TIPS Bond ETF
TIP
$14.5B
| $6.83M | 4.24% |
63,478
+3,063
| +5% | +$334K |
|
10
iShares Russell 2000 ETF
IWM
$80.9B
| $4.37M | 2.71% |
23,330
+1,619
| +7% | +$289K |
|
11
VanEck Gold Miners ETF
GDX
$23B
| $1.21M | 0.75% |
40,285
| – | – |
|
12
iShares US Technology ETF
IYW
$23.7B
| $597K | 0.37% |
5,485
-961
| -15% | -$94.4K |
|
|
13
Agnico Eagle Mines
AEM
$72.6B
| – | – |
-49,721
| Closed | -$2.53M |
|
14
Antero Resources
AR
$10.9B
| – | – |
-52,000
| Closed | -$1.2M |
|
15
BP
BP
$113B
| – | – |
-44,350
| Closed | -$1.68M |
|
|
16
Crown Castle
CCI
$32.7B
| – | – |
-15,000
| Closed | -$2.01M |
|
|
17
Constellation Energy
CEG
$98B
| – | – |
-28,600
| Closed | -$2.25M |
|
18
CF Industries
CF
$19.2B
| – | – |
-15,500
| Closed | -$1.12M |
|
19
Camden Property Trust
CPT
$11.3B
| – | – |
-10,180
| Closed | -$1.07M |
|
|
CTRA
20
DELISTED
Coterra Energy
CTRA
| – | – |
-70,000
| Closed | -$1.72M |
|
21
Corteva
CTVA
$59.7B
| – | – |
-15,000
| Closed | -$905K |
|
22
EQT Corp
EQT
$33.2B
| – | – |
-50,000
| Closed | -$1.6M |
|
23
Energy Transfer Partners
ET
$70.1B
| – | – |
-110,000
| Closed | -$1.37M |
|
24
Exelon
EXC
$48.6B
| – | – |
-25,680
| Closed | -$1.08M |
|
25
Franco-Nevada
FNV
$41.4B
| – | – |
-8,740
| Closed | -$1.27M |
|
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Verger Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Verger Capital Management held 32 positions worth $161M, down 13% from $185M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Verger Capital Management withdrew a net $28.7M in Q2 2023, closing 20 positions and reducing 3 holdings. Its most notable exit was Agnico Eagle Mines, an estimated $2.53M position sold in full.
By sector, the portfolio is most concentrated in Energy at 0% of assets, down from 4.1% a quarter earlier, followed by Materials and Real Estate.
Against the trend, Verger Capital Management added an estimated $1.84M to State Street SPDR S&P 500 ETF Trust.
- Verger Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2023, an estimated $1.84M increase.
- Verger Capital Management's biggest Q2 2023 reduction was iShares Gold Trust, cutting an estimated $3.92M.
- Verger Capital Management fully exited Agnico Eagle Mines in Q2 2023, selling an estimated $2.53M.
- Verger Capital Management's ten largest holdings make up 99% of its $161M portfolio in Q2 2023.
- Verger Capital Management opened 0 new positions and closed 20 in Q2 2023.
- Verger Capital Management's portfolio value fell 13% quarter-over-quarter to $161M.
Based on Verger Capital Management's 13F filing for Q2 2023, filed 28 Jul 2023.