CIK: 0001364615
Total reported value
$33.8B
Reporting period: 2020-12-31 · Number of holdings: 3227
Aperio Group, LLC disclosed 3227 holdings in its latest 13F filing for the period ending 2020-12-31, with total reported value of $33.8B and a quarterly turnover rate of 18.1%.
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Aperio Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.009 — mathematically equivalent to about 107 equally-sized positions, well below its 3227 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.66), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 54% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
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Add TSLA
+21.6% $163.2M
Trim AMZN
-1.4% $21.1M
Trim MSFT
+1.2% $95.3M
Add DIS
+8.2% $88.8M
Trim BABA
+0.1% -$38.5M
Add TSM
+0.6% $88.5M
Aperio Group is not rotating; it is doubling down on the growth trade, layering shares into AAPL, TSLA, GOOGL, and MSFT despite their already massive footprint. This is alpha-seeking via momentum extension, not capital preservation—they want the last mile of the tech re-rating.
This portfolio is pricing in a world where the stay-at-home economy endures and low rates permanently inflate tech multiples. The opposing thesis is a violent rotation into value and cyclicals as vaccines reopen the economy, which would compress the very factors Aperio is leaning into.
With 2,430 holdings and a weight distribution that mimics the cap-weighted benchmark, this is a closet concentration risk in growth factors—if the Nasdaq corrects, the entire book bleeds simultaneously. The TSLA add is pure reflexivity: it only works as long as the momentum feedback loop holds, making a positioning squeeze the single point of failure.
This narrative is produced by AI from publicly available filings and describes past activity only — it is informational, not investment advice.
Showing top 200 holdings (of 3227 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | Stock-Tech | 5.90% | +0.03% | +0.12% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 4.29% | -0.28% | +1.22% | |
| 3 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.25% | -0.39% | -1.43% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.80% | +0.11% | +1.91% | |
| 5 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.47% | -0.12% | +1.36% | |
| 6 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.11% | — | -5.37% | |
| 7 | V | Visa Inc-class A Shares | Stock-Financials | 1.06% | -0.03% | +1.03% | |
| 8 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.00% | +0.15% | +0.64% | |
| 9 | TSLA | Tesla INC | Stock-Consumer Disc | 0.97% | +0.42% | +21.63% | |
| 10 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.91% | +0.01% | +1.82% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.87% | +0.15% | +3.51% | |
| 12 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.83% | — | +0.57% | |
| 13 | HD | Home Depot INC | Stock-Consumer Disc | 0.83% | — | +0.92% | |
| 14 | NVDA | Nvidia CORP | Stock-Tech | 0.81% | — | +1.02% | |
| 15 | MA | Mastercard INC - A | Stock-Financials | 0.79% | -0.05% | +1.01% | |
| 16 | WMT | Walmart INC | Stock-Consumer Staples | 0.79% | — | -1.40% | |
| 17 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.78% | +0.04% | +1.06% | |
| 18 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.72% | +0.20% | +8.17% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.70% | -0.02% | +2.19% | |
| 20 | ADBE | Adobe INC | Stock-Tech | 0.70% | — | +1.95% | |
| 21 | PYPL | Paypal Holdings INC | Stock-Financials | 0.65% | +0.04% | +2.40% | |
| 22 | ACN | Accenture plc | Stock-Tech | 0.65% | +0.02% | +1.75% | |
| 23 | VZ | Verizon Communications INC | Stock-Comm Services | 0.63% | — | -2.62% | |
| 24 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.63% | — | +0.97% | |
| 25 | NEE | Nextera Energy INC | Stock-Utilities | 0.58% | -0.01% | +298.64% | |
| 26 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.57% | — | -0.26% | |
| 27 | INTC | Intel CORP | Stock-Tech | 0.56% | -0.14% | -5.44% | |
| 28 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.55% | — | -2.40% | |
| 29 | PEP | Pepsico INC | Stock-Consumer Staples | 0.54% | — | +0.64% | |
| 30 | NKE | Nike INC -cl B | Stock-Consumer Disc | 0.53% | +0.01% | +2.71% | |
| 31 | NFLX | Netflix INC | Stock-Comm Services | 0.50% | — | +0.95% | |
| 32 | TXN | Texas Instruments INC | Stock-Tech | 0.50% | — | -0.61% | |
| 33 | ABT | Abbott Laboratories | Stock-Healthcare | 0.50% | — | +1.82% | |
| 34 | BAC | Bank Of America CORP | Stock-Financials | 0.48% | +0.05% | +2.49% | |
| 35 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.47% | — | -1.43% | |
| 36 | DHR | Danaher CORP | Stock-Healthcare | 0.47% | — | +0.05% | |
| 37 | CSCO | Cisco Systems INC | Stock-Tech | 0.47% | — | -4.07% | |
| 38 | ABBV | Abbvie INC | Stock-Healthcare | 0.45% | +0.04% | +2.03% | |
| 39 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.43% | -0.20% | +0.10% | |
| 40 | PFE | Pfizer INC | Stock-Healthcare | 0.43% | — | -0.55% | |
| 41 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.41% | — | +3.26% | |
| 42 | CRM | Salesforce INC | Stock-Tech | 0.39% | — | +1.88% | |
| 43 | HON | Honeywell International INC | Stock-Industrials | 0.39% | +0.05% | -0.95% | |
| 44 | ORCL | Oracle CORP | Stock-Tech | 0.37% | — | +2.00% | |
| 45 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.37% | — | -4.41% | |
| 46 | AMGN | Amgen INC | Stock-Healthcare | 0.37% | -0.13% | -5.88% | |
| 47 | TGT | Target CORP | Stock-Consumer Disc | 0.37% | — | -0.21% | |
| 48 | QCOM | Qualcomm INC | Stock-Tech | 0.37% | +0.06% | +5.44% | |
| 49 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.36% | — | -2.40% | |
| 50 | UNP | Union Pacific CORP | Stock-Industrials | 0.35% | — | +1.96% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2020-12-31 | 3227 | $33.8B | 18 | |
| 2020-09-30 | 3163 | $29.6B | 17 | |
| 2020-06-30 | 3132 | $27.1B | 26 | |
| 2020-03-31 | 3108 | $22.6B | 30 | |
| 2019-12-31 | 3062 | $27.8B | 16 | |
| 2019-09-30 | 3101 | $25.3B | 15 | |
| 2019-06-30 | 3896 | $24.5B | 15 | |
| 2019-03-31 | 3059 | $23.2B | 21 | |
| 2018-12-31 | 3012 | $19.8B | 100 | |
| 2018-09-30 | 3022 | $22.7B | 0 | |
| 2018-06-30 | 2969 | $20.9B | 17 | |
| 2018-03-31 | 2961 | $20.1B | 14 | |
| 2017-12-31 | 2927 | $19.4B | 18 | |
| 2017-09-30 | 2935 | $17.7B | 100 | |
| 2017-06-30 | 2936 | $16.3B | 0 | |
| 2017-03-31 | 2861 | $14.6B | 17 | |
| 2016-12-31 | 2836 | $13.1B | 20 | |
| 2016-09-30 | 2774 | $13.8B | 15 | |
| 2016-06-30 | 2716 | $12.8B | 16 | |
| 2016-03-31 | 2740 | $11.7B | 20 | |
| 2015-12-31 | 1984 | $10.9B | 22 | |
| 2015-09-30 | 1936 | $9.8B | 20 | |
| 2015-06-30 | 2009 | $9.7B | 15 | |
| 2015-03-31 | 1969 | $8.9B | 18 | |
| 2014-12-31 | 1879 | $8.1B | 20 | |
| 2014-09-30 | 1746 | $7.4B | 14 | |
| 2014-06-30 | 1734 | $6.9B | 28 | |
| 2014-03-31 | 2034 | $7.1B | 100 | |
| 2013-12-31 | 1987 | $6.4M | 100 | |
| 2013-09-30 | 1804 | $5.2B | 23 | |
| 2013-06-30 | 1664 | $4.2B | 0 |
Aperio Group, LLC's most significant position changes for 2020-12-31: Sold out: Unilever N V -ny Shares (UNUSD); New buy: Viatris INC (VTRS); Add: Tesla INC (TSLA) — shares +21.63%; Trim: Amazon.com INC (AMZN) — shares -1.43%; Add: Microsoft CORP (MSFT) — shares +1.22%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla INC | +0.4% | +21.63% | Add |
| 2 | DIS | Walt Disney Co/the | +0.2% | +8.17% | Add |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +0.64% | Add |
| 4 | JPM | Jpmorgan Chase & Co | +0.2% | +3.51% | Add |
| 5 | UL | Unilever PLC | +0.2% | +685.58% | Add |
| 6 | GOOGL | Alphabet Inc-cl A | +0.1% | +1.91% | Add |
| 7 | MS | Morgan Stanley | +0.1% | +20.99% | Add |
| 8 | QCOM | Qualcomm INC | +0.1% | +5.44% | Add |
| 9 | ASML | ASML Holding N.V. | +0.1% | +5.71% | Add |
| 10 | UMC | United Microelectron-sp Adr | +0.1% | -6.83% | Trim |
| 11 | SCHW | Schwab (charles) CORP | +0.1% | +35.64% | Add |
| 12 | BAC | Bank Of America CORP | +0.1% | +2.49% | Add |
| 13 | HON | Honeywell International INC | +0.1% | -0.95% | Trim |
| 14 | MU | Micron Technology INC | +0.1% | +1.34% | Add |
| 15 | AMAT | Applied Materials INC | +0.1% | +5.58% | Add |
| 16 | GOOG | Alphabet Inc-cl C | 0% | +1.06% | Add |
| 17 | PYPL | Paypal Holdings INC | 0% | +2.40% | Add |
| 18 | ABBV | Abbvie INC | 0% | +2.03% | Add |
| 19 | RDS-A | Shell Plc-spon Adr-a | 0% | +31.22% | Add |
| 20 | AAPL | Apple INC | 0% | +0.12% | Add |
| 21 | SBUX | Starbucks CORP | 0% | +3.64% | Add |
| 22 | SONY | Sony Group CORP - Sp Adr | 0% | -2.23% | Trim |
| 23 | ADP | Automatic Data Processing | 0% | +3.22% | Add |
| 24 | GS | Goldman Sachs Group INC | 0% | +6.81% | Add |
| 25 | RIO | Rio Tinto Plc-spon Adr | 0% | +14.44% | Add |
| 26 | TJX | Tjx Companies INC | 0% | +1.46% | Add |
| 27 | ACN | Accenture plc | 0% | +1.75% | Add |
| 28 | AVGO | Broadcom INC | 0% | +3.71% | Add |
| 29 | BLKCHF | Blackrock INC | 0% | +1.41% | Add |
| 30 | UNH | Unitedhealth Group INC | 0% | +1.82% | Add |
| 31 | NKE | Nike INC -cl B | 0% | +2.71% | Add |
| 32 | INTU | Intuit INC | 0% | +2.63% | Add |
| 33 | CMCSA | Comcast Corp-class A | — | -0.26% | Trim |
| 34 | TXN | Texas Instruments INC | — | -0.61% | Trim |
| 35 | NEE | Nextera Energy INC | 0% | +298.64% | Add |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | +2.19% | Add |
| 37 | V | Visa Inc-class A Shares | 0% | +1.03% | Add |
| 38 | MA | Mastercard INC - A | -0.1% | +1.01% | Add |
| 39 | BIIB | Biogen INC | -0.1% | -24.67% | Trim |
| 40 | KMB | Kimberly-clark CORP | -0.1% | -18.64% | Trim |
| 41 | SAP | Sap Se-sponsored Adr | -0.1% | -16.79% | Trim |
| 42 | META | Meta Platforms Inc-class A | -0.1% | +1.36% | Add |
| 43 | T | At&t INC | -0.1% | -22.44% | Trim |
| 44 | AMGN | Amgen INC | -0.1% | -5.88% | Trim |
| 45 | INTC | Intel CORP | -0.1% | -5.44% | Trim |
| 46 | BABA | Alibaba Group Holding-sp Adr | -0.2% | +0.10% | Add |
| 47 | MSFT | Microsoft CORP | -0.3% | +1.22% | Add |
| 48 | AMZN | Amazon.com INC | -0.4% | -1.43% | Trim |
| 49 | UNUSD | Unilever N V -ny Shares | — | EXIT | Sold out |
| 50 | VTRS | Viatris INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2020-12-31 | 2021-02-05 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-06 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-05 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-13 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-06 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-30 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-13 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-05-06 | Amendment | View on EDGAR |
| 2018-12-31 | 2019-05-06 | Amendment | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2019-05-06 | Amendment | View on EDGAR |
| 2018-09-30 | 2019-05-06 | Amendment | View on EDGAR |
| 2018-09-30 | 2018-10-18 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2019-05-06 | Amendment | View on EDGAR |
| 2018-06-30 | 2019-05-06 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-07-30 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2019-05-01 | Amendment | View on EDGAR |
| 2018-03-31 | 2019-05-01 | Amendment | View on EDGAR |
| 2018-03-31 | 2018-05-08 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2019-05-01 | Amendment | View on EDGAR |
| 2017-12-31 | 2019-05-01 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-02-02 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2019-05-01 | Amendment | View on EDGAR |
| 2017-09-30 | 2019-05-01 | Amendment | View on EDGAR |
| 2017-09-30 | 2017-10-25 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2019-04-22 | Amendment | View on EDGAR |
| 2017-06-30 | 2019-04-22 | Amendment | View on EDGAR |
| 2017-06-30 | 2017-07-19 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2019-04-22 | Amendment | View on EDGAR |
| 2017-03-31 | 2019-04-22 | Amendment | View on EDGAR |
| 2017-03-31 | 2017-05-05 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2019-04-22 | Amendment | View on EDGAR |
| 2016-12-31 | 2019-04-22 | Amendment | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2019-04-12 | Amendment | View on EDGAR |
| 2016-09-30 | 2019-04-12 | Amendment | View on EDGAR |
| 2016-09-30 | 2016-11-02 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2019-04-12 | Amendment | View on EDGAR |
| 2016-06-30 | 2019-04-12 | Amendment | View on EDGAR |
| 2016-06-30 | 2016-08-12 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2019-04-12 | Amendment | View on EDGAR |
| 2016-03-31 | 2019-04-12 | Amendment | View on EDGAR |
| 2016-03-31 | 2016-04-28 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-21 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-19 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-29 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-29 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-01-30 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-21 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-23 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-25 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-30 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-24 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-19 | 13F-HR | View on EDGAR |
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