CIK: 0000752832
Total reported value
$2.0M
Reporting period: 2017-09-30 · Number of holdings: 30
APPROPRIATE BALANCE FINANCIAL SERVICES INC. disclosed 30 holdings in its latest 13F filing for the period ending 2017-09-30, with total reported value of $2.0M and a quarterly turnover rate of 2.8%.
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Appropriate Balance Financial Services INC.'s disclosed holdings carry a Herfindahl concentration index of 0.108 — mathematically equivalent to about 9 equally-sized positions, well below its 30 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 1.52), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.8 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 3% 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.
Trim 73935A104
+3.9% -$3.4K
Trim IJR
+6.2% $768.0
Add VUG
+23.6% $3.5K
Add XLI
+8.4% $6.3K
Add XLF
+7.7% $12.4K
Trim MDY
+1.3% -$991.0
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | XLF | Ss Financial Select Sector | ETF-Other | 23.24% | +0.13% | +7.68% | |
| 2 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 11.94% | -0.22% | +6.20% | |
| 3 | ✓ | Stock-Other | 9.98% | -0.38% | +3.92% | ||
| 4 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 8.42% | -0.09% | +6.18% | |
| 5 | XLI | Ss Industrial Select Sector | ETF-Other | 8.19% | +0.14% | +8.42% | |
| 6 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 5.74% | -0.12% | +2.89% | |
| 7 | XLK | Ss Technology Select Sector | ETF-Tech | 5.68% | +0.12% | +12.59% | |
| 8 | VTV | Vanguard Value ETF | ETF-Other | 5.27% | +0.02% | +5.99% | |
| 9 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 4.73% | -0.06% | +4.87% | |
| 10 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 4.33% | +0.06% | +10.50% | |
| 11 | MDY | State Street Spdr S&p Midcap | ETF-Other | 3.54% | -0.13% | +1.33% | |
| 12 | VO | Vanguard Mid-cap ETF | ETF-Other | 1.97% | +0.10% | +11.23% | |
| 13 | SCHX | Schwab US Large-cap ETF | ETF-Other | 1.55% | -0.01% | +5.87% | |
| 14 | VUG | Vanguard Growth ETF | ETF-Other | 1.14% | +0.16% | +23.57% | |
| 15 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.75% | +0.02% | -3.22% | |
| 16 | OPY | Oppenheimer Holdings Inc. | Stock-Other | 0.62% | -0.09% | -7.54% | |
| 17 | MSFT | Microsoft CORP | Stock-Tech | 0.54% | +0.07% | +24.88% | |
| 18 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.38% | — | +17.22% | |
| 19 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.30% | — | +6.12% | |
| 20 | CRM | Salesforce INC | Stock-Tech | 0.30% | — | +9.55% | |
| 21 | SHOP | Shopify INC - Class A | Stock-Tech | 0.28% | +0.28% | NEW | |
| 22 | NFLX | Netflix INC | Stock-Comm Services | 0.25% | +0.01% | +30.34% | |
| 23 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.25% | — | +60.11% | |
| 24 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.22% | — | -4.96% | |
| 25 | TSLA | Tesla INC | Stock-Consumer Disc | 0.11% | — | -4.41% | |
| 26 | VB | Vanguard Small-cap ETF | ETF-Other | 0.08% | -0.02% | -9.77% | |
| 27 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.07% | — | +4.80% | |
| 28 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.07% | +0.01% | +10.55% | |
| 29 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.04% | — | +21.80% | |
| 30 | BKNG | Booking Hldgs INC | Stock-Consumer Disc | 0.02% | — | +0.52% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2017-09-30 | 30 | $2.0M | 3 | |
| 2017-06-30 | 29 | $2.0M | 3 | |
| 2017-03-31 | 30 | $2.0M | 100 | |
| 2016-12-31 | 32 | $163.2M | 20 | |
| 2016-09-30 | 32 | $155.9M | 18 | |
| 2016-06-30 | 32 | $151.1M | 29 | |
| 2016-03-31 | 29 | $144.0M | 20 | |
| 2015-12-31 | 26 | $144.4M | 0 |
Appropriate Balance Financial Services INC.'s most significant position changes for 2017-09-30: New buy: Shopify INC - Class A (SHOP); Add: — shares +3.92%; Add: Ishares Core S&p Small-cap E (IJR) — shares +6.20%; Add: Vanguard Growth ETF (VUG) — shares +23.57%; Add: Ss Industrial Select Sector (XLI) — shares +8.42%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VUG | Vanguard Growth ETF | +0.2% | +23.57% | Add |
| 2 | XLI | Ss Industrial Select Sector | +0.1% | +8.42% | Add |
| 3 | XLF | Ss Financial Select Sector | +0.1% | +7.68% | Add |
| 4 | XLK | Ss Technology Select Sector | +0.1% | +12.59% | Add |
| 5 | VO | Vanguard Mid-cap ETF | +0.1% | +11.23% | Add |
| 6 | MSFT | Microsoft CORP | +0.1% | +24.88% | Add |
| 7 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +10.50% | Add |
| 8 | VTV | Vanguard Value ETF | 0% | +5.99% | Add |
| 9 | SBUX | Starbucks CORP | 0% | -3.22% | Trim |
| 10 | NFLX | Netflix INC | 0% | +30.34% | Add |
| 11 | GOOGL | Alphabet Inc-cl A | 0% | +10.55% | Add |
| 12 | META | Meta Platforms Inc-class A | — | +17.22% | Add |
| 13 | IVV | Ishares Core S&p 500 ETF | — | +6.12% | Add |
| 14 | DIS | Walt Disney Co/the | — | -4.96% | Trim |
| 15 | CRM | Salesforce INC | — | +9.55% | Add |
| 16 | AMZN | Amazon.com INC | — | +4.80% | Add |
| 17 | ISRG | Intuitive Surgical INC | — | +21.80% | Add |
| 18 | TSLA | Tesla INC | — | -4.41% | Trim |
| 19 | BABA | Alibaba Group Holding-sp Adr | — | +60.11% | Add |
| 20 | BKNG | Booking Hldgs INC | — | +0.52% | Add |
| 21 | SCHX | Schwab US Large-cap ETF | 0% | +5.87% | Add |
| 22 | VB | Vanguard Small-cap ETF | 0% | -9.77% | Trim |
| 23 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | +4.87% | Add |
| 24 | VEA | Vanguard Ftse Developed ETF | -0.1% | +6.18% | Add |
| 25 | OPY | Oppenheimer Holdings Inc. | -0.1% | -7.54% | Trim |
| 26 | IVE | Ishares S&p 500 Value ETF | -0.1% | +2.89% | Add |
| 27 | MDY | State Street Spdr S&p Midcap | -0.1% | +1.33% | Add |
| 28 | IJR | Ishares Core S&p Small-cap E | -0.2% | +6.20% | Add |
| 29 | ✓ | -0.4% | +3.92% | Add | |
| 30 | SHOP | Shopify INC - Class A | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2017-09-30 | 2017-10-10 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-24 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-01 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-30 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-18 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-12 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-25 | Amendment | View on EDGAR |
| 2016-03-31 | 2016-04-22 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-04-13 | 13F-HR | View on EDGAR |
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