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Epstein & White Financial LLC Historical SEC 13F Holdings & Archive (Q2 2021)
Epstein & White Financial LLCCIK: 0001713936
High-turnover traderSector-focused
Total reported value
$379.1M
Reporting period: 2021-06-30 · Number of holdings: 94
Epstein & White Financial LLC disclosed 94 holdings in its latest 13F filing for the period ending 2021-06-30, with total reported value of $379.1M and a quarterly turnover rate of 95.1%.
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Personality snowflake
- Concentration
- 0
- Portfolio Stability
- 95.07
- Momentum
- 50
- Sector conviction
- 89.24
- Diversification
- 0
- Sizing Uniformity
- —
Epstein & White Financial LLC's disclosed holdings carry a Herfindahl concentration index of 0.143 — mathematically equivalent to about 7 equally-sized positions, well below its 94 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 3.54), 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 5% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out IVV
Sold out SPAB
Sold out QUAL
Sold out ACWX
Sold out IWV
Sold out EFV
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 33.36% | -32.89% | EXIT | |
| 2 | SPAB | Ss Spdr P Agg Bond ETF | ETF-Other | 9.42% | -9.86% | EXIT | |
| 3 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 8.72% | -8.46% | EXIT | |
| 4 | ACWX | Ishares Msci Acwi Ex US ETF | ETF-Other | 7.13% | -7.24% | EXIT | |
| 5 | IWV | Ishares Russell 3000 ETF | ETF-Other | 4.25% | -4.51% | EXIT | |
| 6 | EFV | Ishares Msci Eafe Value ETF | ETF-Other | 3.86% | -3.97% | EXIT | |
| 7 | MTUM | Ishares Msci USA Momentum Fa | ETF-Other | 3.54% | -3.41% | EXIT | |
| 8 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 3.51% | -3.44% | EXIT | |
| 9 | IQLT | Ishares Msci International Q | ETF-Other | 3.45% | -3.39% | EXIT | |
| 10 | SMMD | Ishares Russell 2500 ETF | ETF-Other | 3.37% | -3.38% | EXIT | |
| 11 | CMF | Ishares California Muni Bond | ETF-Other | 2.28% | -2.59% | EXIT | |
| 12 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 1.87% | -1.87% | EXIT | |
| 13 | AAPL | Apple Inc | Stock-Tech | 1.26% | -1.22% | EXIT | |
| 14 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 1.23% | -1.33% | EXIT | |
| 15 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 1.07% | -1.07% | EXIT | |
| 16 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.05% | -1.10% | EXIT | |
| 17 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | ETF-Other | 0.55% | -0.63% | EXIT | |
| 18 | IXUS | Ishares Core Intl Stock ETF | ETF-Other | 0.40% | -0.46% | EXIT | |
| 19 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.39% | -0.37% | EXIT | |
| 20 | MSFT | Microsoft CORP | Stock-Tech | 0.36% | -0.34% | EXIT | |
| 21 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.36% | -0.36% | EXIT | |
| 22 | FDVV | Fidelity High Dividend ETF | ETF-Other | 0.36% | -0.38% | EXIT | |
| 23 | FSK | Fs Kkr Capital CORP | Stock-Financials | 0.33% | — | — | |
| 24 | QCOM | Qualcomm Inc | Stock-Tech | 0.30% | -0.29% | EXIT | |
| 25 | RDIV | Invesco S&p Ultra Dividend | ETF-Other | 0.30% | -0.32% | EXIT | |
| 26 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.29% | -0.29% | EXIT | |
| 27 | FQAL | Fidelity Quality Factor ETF | ETF-Other | 0.28% | -0.28% | EXIT | |
| 28 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.26% | -0.26% | EXIT | |
| 29 | SRE | Sempra | Stock-Utilities | 0.25% | -0.28% | EXIT | |
| 30 | SRLN | Ss Blackstone Sr Loan ETF | ETF-Other | 0.25% | -0.30% | EXIT | |
| 31 | INTU | Intuit Inc | Stock-Tech | 0.21% | -0.18% | EXIT | |
| 32 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.20% | -0.20% | EXIT | |
| 33 | HD | Home Depot Inc | Stock-Consumer Disc | 0.19% | -0.19% | EXIT | |
| 34 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.17% | -0.18% | EXIT | |
| 35 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.16% | -0.17% | EXIT | |
| 36 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.15% | -0.13% | EXIT | |
| 37 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.15% | -0.14% | EXIT | |
| 38 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.15% | -0.16% | EXIT | |
| 39 | VUG | Vanguard Growth ETF | ETF-Other | 0.14% | -0.14% | EXIT | |
| 40 | SCHB | Schwab US Broad Market ETF | ETF-Other | 0.14% | — | — | |
| 41 | JETS | US Global Jets ETF | ETF-Other | 0.12% | -0.15% | EXIT | |
| 42 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.12% | -0.13% | EXIT | |
| 43 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.12% | — | +25.25% | |
| 44 | SUSA | Ishares Esg Optimized Msci U | ETF-Other | 0.12% | -0.10% | EXIT | |
| 45 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 0.11% | — | +62.23% | |
| 46 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.11% | -0.12% | EXIT | |
| 47 | REET | Ishares Global Reit ETF | ETF-Other | 0.11% | -0.11% | EXIT | |
| 48 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.11% | — | +12.42% | |
| 49 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.11% | -0.12% | EXIT | |
| 50 | FBND | Fidelity Total Bond ETF | ETF-Other | 0.10% | -0.11% | EXIT |
1–50 of 94
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2021 Q2 | 94 | $379.1M | 95 | ||
| 2021 Q1 | 85 | $343.5M | 14 | ||
| 2020 Q4 | 83 | $325.8M | 30 | ||
| 2020 Q3 | 77 | $280.2M | 12 | ||
| 2020 Q2 | 75 | $263.8M | 35 | ||
| 2020 Q1 | 80 | $238.7M | 44 | ||
| 2019 Q4 | 73 | $228.7M | 80 | ||
| 2019 Q3 | 70 | $205.3M | 17 | ||
| 2019 Q2 | 80 | $187.9M | 17 | ||
| 2019 Q1 | 83 | $174.2M | 52 | ||
| 2018 Q4 | 81 | $160.2M | 66 | ||
| 2018 Q3 | 89 | $152.3M | 67 | ||
| 2018 Q2 | 103 | $134.7M | 100 | ||
| 2018 Q1 | 105 | $155.8M | 100 | ||
| 2017 Q4 | 97 | $172.7M | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Epstein & White Financial LLC's most significant position changes for 2021-06-30: Sold out: Ishares Core S&p 500 ETF (IVV); Sold out: Ss Spdr P Agg Bond ETF (SPAB); Sold out: Ishares Msci USA Quality Fac (QUAL); Sold out: Ishares Msci Acwi Ex US ETF (ACWX); Sold out: Ishares Russell 3000 ETF (IWV).
Filing History
FAQ
What is Epstein & White Financial LLC and what type of investor is it?
Epstein & White Financial LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2021-06-30), the firm manages a tracked equity portfolio valued at approximately $379.1M, spread across 94 disclosed positions.
What are Epstein & White Financial LLC's largest equity positions?
Based on the latest 13F filing, Epstein & White Financial LLC's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $126.5M (33.4%)
2. Ss Spdr P Agg Bond ETF (SPAB) — $35.7M (9.4%)
3. Ishares Msci USA Quality Fac (QUAL) — $33.0M (8.7%)
4. Ishares Msci Acwi Ex US ETF (ACWX) — $27.0M (7.1%)
5. Ishares Russell 3000 ETF (IWV) — $16.1M (4.3%)
What changes did Epstein & White Financial LLC make in its most recent portfolio filing?
In the latest quarter, Epstein & White Financial LLC took a more defensive posture — trimming 0 positions and completely exiting 50 holdings. The largest of these moves: Sold out: Ishares Core S&p 500 ETF (IVV); Sold out: Ss Spdr P Agg Bond ETF (SPAB); Sold out: Ishares Msci USA Quality Fac (QUAL); Sold out: Ishares Msci Acwi Ex US ETF (ACWX); Sold out: Ishares Russell 3000 ETF (IWV)
What sectors does Epstein & White Financial LLC focus on?
Epstein & White Financial LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 49.4%
• Consumer Discretionary: 16.6%
• Communication Services: 10.1%
• Consumer Staples: 10.1%
• Health Care: 5.5%
• Energy: 3.4%
Investment Profile
Epstein & White Financial LLC's portfolio is broadly diversified and fast-trading, with 49.4% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 35 to 95 over the past 4 quarters — a shift toward more active trading.
It has added to its IVV position over the past two quarters (+$21.6M, now $126.5M), while trimming CMF over the same stretch (-$605.0K, still holding $8.6M).
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Developer Access
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