Spruce Investment Advisors LLC 13F Holdings Tracker

CIK: 0001542179

Momentum followerQuality / disciplined sizingLong-term holder

Total reported value

$48.5M

Reporting period: 2017-12-31 · Number of holdings: 23

Spruce Investment Advisors LLC disclosed 23 holdings in its latest 13F filing for the period ending 2017-12-31, with total reported value of $48.5M and a quarterly turnover rate of 10.7%.

Browse other institutions with under $100M AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 27.93
Portfolio Stability: 10.7
Momentum/Contrarian: 100
Sector conviction: 0
Diversification: 46
Sizing Uniformity: 92.04

Sector classification currently covers about 0% 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.

Recent moves

Add VWO
0.0%　$392.0K
Add ISCF
+8.6%　$448.0K
Add EMGF
-2.4%　$170.0K
Trim IEFA
-13.9%　-$372.0K
Add IDV
-2.3%　-$54.0K
Trim DBEU
-11.7%　-$208.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	15.86%	+1.77%	—
2	EMGF	Ishares Emerging Markets Equ	ETF-Emerging Markets	11.00%	+1.03%	-2.42%
3	ISCF	Ishares International Small	ETF-Other	7.34%	+1.34%	+8.57%
4	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	6.00%	-0.33%	-13.90%
5	BKF	Ishares Msci Bic ETF	ETF-Other	5.03%	+0.16%	-6.75%
6	IMTM	Ishares Msci Intl Momentum F	ETF-Other	4.91%	+0.19%	-3.77%
7	MTUM	Ishares Msci USA Momentum Fa	ETF-Other	4.89%	+0.08%	-11.68%
8	IDV	Ishares International Select	ETF-Other	4.86%	+0.21%	-2.35%
9	VLUE	Ishares Msci USA Value Facto	ETF-Other	4.86%	+0.17%	-10.40%
10	IVLU	Ishares Msci International V	ETF-Other	4.81%	+0.16%	-7.35%
11	XLK	Ss Technology Select Sector	ETF-Tech	4.45%	-0.18%	-16.91%
12	VPU	Vanguard Utilities ETF	ETF-Other	4.37%	-0.08%	-7.90%
13	VFH	Vanguard Financials ETF	ETF-Other	4.28%	+0.09%	-10.76%
14	DBEU	Xtrackers Msci Europe Hedged	ETF-Other	3.32%	-0.19%	-11.67%
15	IHF	Ishares U.s. Healthcare Prov	ETF-Other	2.42%	+0.08%	-8.82%
16	XLV	Ss Health Care Select Sector	ETF-Other	1.97%	-0.04%	-9.12%
17	VCR	Vanguard Consumer Discre ETF	ETF-Other	1.63%	+0.11%	-8.07%
18	XLP	Ss Consumer Staples Sel Sect	ETF-Other	1.54%	+0.06%	-7.80%
19	XLI	Ss Industrial Select Sector	ETF-Other	1.53%	+0.06%	-8.94%
20	VOX	Vanguard Communication Servi	ETF-Other	1.51%	+0.01%	-5.00%
21	XLB	Ss Materials Select Sector	ETF-Other	1.50%	+0.04%	-9.67%
22	VNQ	Vanguard Real Estate ETF	ETF-Other	1.27%	-0.03%	-8.26%
23	XLF	Ss Financial Select Sector	ETF-Other	0.65%	+0.06%	-4.57%

Portfolio Performance

Not enough priced holdings yet to compute performance

Reported value over time

Sector allocation

Not enough sector-mapped data yet

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2017-12-31	23	$48.5M	11	1VWO 2EMGF 3ISCF Top holdings2017-12-31 1.VWO 2.EMGF 3.ISCF 4.IEFA 5.BKF 6.IMTM 7.MTUM 8.IDV 9.VLUE 10.IVLU
2017-09-30	33	$51.8M	53	1VWO 2EMGF 3IEFA Top holdings2017-09-30 1.VWO 2.EMGF 3.IEFA 4.ISCF 5.BKF 6.MTUM 7.IMTM 8.VLUE 9.IDV 10.IVLU
2017-06-30	38	$56.6M	93	1MUB 2VWO 3IEFA Top holdings2017-06-30 1.MUB 2.VWO 3.IEFA 4.VTI 5.MTUM 6.BKF 7.IDV 8.VLUE 9.IMTM 10.IVLU
2017-03-31	51	$86.7M	84	1SUB 2IEFA 3SPY Top holdings2017-03-31 1.SUB 2.IEFA 3.SPY 4.DBEU 5.XLK 6.VCR 7.VWO 8.DXJ 9.BKF 10.IGSB
2016-12-31	44	$128.8M	83	1VYM 2IEFA 3SUB Top holdings2016-12-31 1.VYM 2.IEFA 3.SUB 4.IJS 5.VTI 6.XLK 7.SPY 8.VCR 9.IGSB 10.VGK
2016-09-30	29	$158.8M	14	1VYM 2IDV 3MUB Top holdings2016-09-30 1.VYM 2.IDV 3.MUB 4.VWO 5.IEFA 6.IJS 7.XLK 8.VT 9.VCR 10.BND
2016-06-30	35	$175.9M	87	1VYM 2IDV 3MUB Top holdings2016-06-30 1.VYM 2.IDV 3.MUB 4.VWO 5.IEFA 6.IJS 7.XLK 8.VT 9.VCR 10.BND
2016-03-31	38	$162.2M	100	1DBEU 2MUB 3VWO Top holdings2016-03-31 1.DBEU 2.MUB 3.VWO 4.XLK 5.VCR 6.DXJ 7.VT 8.VFH 9.VGK 10.BND
2015-12-31	38	$135.1M	84	1SPY 2IEF 3XLK Top holdings2015-12-31 1.SPY 2.IEF 3.XLK 4.FEZ 5.VT 6.VTI 7.XLF 8.DXJ 9.VCR 10.VGK
2015-09-30	41	$324.7M	48	1VGK 2SPY 3XLK Top holdings2015-09-30 1.VGK 2.SPY 3.XLK 4.VCR 5.XLP 6.VDE 7.XLF 8.VIS 9.VAW 10.DXJ
2015-06-30	44	$370.9M	74	1DXJ 2VGK 3VDE Top holdings2015-06-30 1.DXJ 2.VGK 3.VDE 4.VCR 5.XLK 6.XLP 7.VIS 8.XLF 9.FEZ 10.HEDJ
2015-03-31	44	$389.2M	33	1XLK 2VCR 3VGK Top holdings2015-03-31 1.XLK 2.VCR 3.VGK 4.VT 5.DXJ 6.81369y 7.81369y 8.VIS 9.FEZ 10.UBS
2014-12-31	48	$366.6M	63	1XLK 2VCR 3DXJ Top holdings2014-12-31 1.XLK 2.VCR 3.DXJ 4.VGK 5.81369y 6.VTI 7.81369y 8.FEZ 9.ACWI 10.VIS
2014-09-30	42	$384.8M	100	1XLK 2DXJ 3VCR Top holdings2014-09-30 1.XLK 2.DXJ 3.VCR 4.IHF 5.78463x 6.ACWI 7.VTI 8.VGK 9.81369y 10.81369y
2014-06-30	26	$328.9M	46	197717w2VCR397717w Top holdings2014-06-30 1.97717w 2.VCR 3.97717w 4.VGK 5.XLK 6.EWG 7.IHF 8.TLT 9.VTI 10.SPY
2014-03-31	23	$258.5M	100	197717w297717w3VGK Top holdings2014-03-31 1.97717w 2.97717w 3.VGK 4.VCR 5.EWG 6.VTI 7.SPY 8.VWO 9.USCI 10.BND
2013-12-31	20	$218.5M	77	1DXJ297717w3QNDX Top holdings2013-12-31 1.DXJ 2.97717w 3.QNDX 4.EWG 5.VGK 6.VTI 7.SPY 8.BND 9.GXC 10.USCI
2013-09-30	20	$139.0M	80	1DXJ 2BND 3EWG Top holdings2013-09-30 1.DXJ 2.BND 3.EWG 4.VTI 5.SPY 6.VGK 7.VWO 8.VB 9.GXC 10.IEI
2013-06-30	19	$81.7M	0	1DXJ 2BND 3IEI Top holdings2013-06-30 1.DXJ 2.BND 3.IEI 4.VTI 5.USCI 6.SPY 7.VGK 8.GLD 9.06741l 10.ACWI

Holding changes this quarter

Spruce Investment Advisors LLC's most significant position changes for 2017-12-31: Sold out: Ishares National Muni Bond E (MUB); Sold out: Vanguard Health Care ETF (VHT); Sold out: Ss Real Estate Select Sector (XLRE); Sold out: Vanguard Industrials ETF (VIS); Sold out: Vanguard Materials ETF (VAW).

Position changes disclosed by Spruce Investment Advisors LLC for the quarter ending 2017-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VWO	Vanguard Ftse Emerging Marke	+1.8%	—	Unchanged
2	ISCF	Ishares International Small	+1.3%	+8.57%	Add
3	EMGF	Ishares Emerging Markets Equ	+1%	-2.42%	Trim
4	IDV	Ishares International Select	+0.2%	-2.35%	Trim
5	IMTM	Ishares Msci Intl Momentum F	+0.2%	-3.77%	Trim
6	VLUE	Ishares Msci USA Value Facto	+0.2%	-10.40%	Trim
7	BKF	Ishares Msci Bic ETF	+0.2%	-6.75%	Trim
8	IVLU	Ishares Msci International V	+0.2%	-7.35%	Trim
9	VCR	Vanguard Consumer Discre ETF	+0.1%	-8.07%	Trim
10	VFH	Vanguard Financials ETF	+0.1%	-10.76%	Trim
11	MTUM	Ishares Msci USA Momentum Fa	+0.1%	-11.68%	Trim
12	IHF	Ishares U.s. Healthcare Prov	+0.1%	-8.82%	Trim
13	XLP	Ss Consumer Staples Sel Sect	+0.1%	-7.80%	Trim
14	XLI	Ss Industrial Select Sector	+0.1%	-8.94%	Trim
15	XLF	Ss Financial Select Sector	+0.1%	-4.57%	Trim
16	XLB	Ss Materials Select Sector	0%	-9.67%	Trim
17	VOX	Vanguard Communication Servi	0%	-5.00%	Trim
18	VNQ	Vanguard Real Estate ETF	0%	-8.26%	Trim
19	XLV	Ss Health Care Select Sector	0%	-9.12%	Trim
20	VPU	Vanguard Utilities ETF	-0.1%	-7.90%	Trim
21	XLK	Ss Technology Select Sector	-0.2%	-16.91%	Trim
22	DBEU	Xtrackers Msci Europe Hedged	-0.2%	-11.67%	Trim
23	IEFA	Ishares Core Msci Eafe ETF	-0.3%	-13.90%	Trim
24	MUB	Ishares National Muni Bond E	—	EXIT	Sold out
25	VHT	Vanguard Health Care ETF	—	EXIT	Sold out
26	XLRE	Ss Real Estate Select Sector	—	EXIT	Sold out
27	VIS	Vanguard Industrials ETF	—	EXIT	Sold out
28	VAW	Vanguard Materials ETF	—	EXIT	Sold out
29	VGT	Vanguard Info Tech ETF	—	EXIT	Sold out
30	IYF	Ishares US Financials ETF	—	EXIT	Sold out
31	VDC	Vanguard Consumer Staple ETF	—	EXIT	Sold out
32	IYH	Ishares U.s. Healthcare ETF	—	EXIT	Sold out
33	VT	Vanguard Tot World Stk ETF	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-09	13F-HR	View on EDGAR
2017-06-30	2017-08-07	13F-HR	View on EDGAR
2017-03-31	2017-05-10	13F-HR	View on EDGAR
2016-12-31	2017-02-08	13F-HR	View on EDGAR
2016-09-30	2016-11-10	13F-HR	View on EDGAR
2016-06-30	2016-08-02	13F-HR	View on EDGAR
2016-03-31	2016-05-10	13F-HR	View on EDGAR
2015-12-31	2016-02-09	13F-HR	View on EDGAR
2015-09-30	2015-11-03	13F-HR	View on EDGAR
2015-06-30	2015-08-06	13F-HR	View on EDGAR
2015-03-31	2015-05-12	13F-HR	View on EDGAR
2014-12-31	2015-02-09	13F-HR	View on EDGAR
2014-09-30	2014-11-10	13F-HR	View on EDGAR
2014-06-30	2014-08-06	13F-HR	View on EDGAR
2014-03-31	2014-05-05	13F-HR	View on EDGAR
2013-12-31	2014-03-10	Amendment	View on EDGAR
2013-12-31	2014-02-04	13F-HR	View on EDGAR
2013-09-30	2013-10-22	13F-HR	View on EDGAR
2013-06-30	2013-08-09	13F-HR	View on EDGAR

FAQ

What is Spruce Investment Advisors LLC and what type of investor is it?

Spruce Investment Advisors LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2017-12-31), the firm manages a tracked equity portfolio valued at approximately $48.5M, spread across 23 disclosed positions.

What are Spruce Investment Advisors LLC's largest equity positions?

Based on the latest 13F filing, Spruce Investment Advisors LLC's top holdings by market value are: 1. Vanguard Ftse Emerging Marke (VWO) — $7.7M (15.9%) 2. Ishares Emerging Markets Equ (EMGF) — $5.3M (11.0%) 3. Ishares International Small (ISCF) — $3.6M (7.3%) 4. Ishares Core Msci Eafe ETF (IEFA) — $2.9M (6.0%) 5. Ishares Msci Bic ETF (BKF) — $2.4M (5.0%)

What changes did Spruce Investment Advisors LLC make in its most recent portfolio filing?

In the latest reported quarter, Spruce Investment Advisors LLC made 32 notable position adjustments: 0 new positions were initiated, 1 existing holdings were added to, 21 positions were partially reduced, and 10 were completely exited. The largest of these moves: Sold out: Ishares National Muni Bond E (MUB); Sold out: Vanguard Health Care ETF (VHT); Sold out: Ss Real Estate Select Sector (XLRE); Sold out: Vanguard Industrials ETF (VIS); Sold out: Vanguard Materials ETF (VAW)

What sectors does Spruce Investment Advisors LLC focus on?

Sector breakdown data is not yet available for Spruce Investment Advisors LLC. Check back after the next 13F processing cycle.

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Spruce Investment Advisors LLC 13F Holdings Tracker

CIK: 0001542179

Momentum followerQuality / disciplined sizingLong-term holder

Total reported value

$48.5M

Reporting period: 2017-12-31 · Number of holdings: 23

Spruce Investment Advisors LLC disclosed 23 holdings in its latest 13F filing for the period ending 2017-12-31, with total reported value of $48.5M and a quarterly turnover rate of 10.7%.

Browse other institutions with under $100M AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 27.93
Portfolio Stability: 10.7
Momentum/Contrarian: 100
Sector conviction: 0
Diversification: 46
Sizing Uniformity: 92.04

Recent moves

Add VWO
0.0%　$392.0K
Add ISCF
+8.6%　$448.0K
Add EMGF
-2.4%　$170.0K
Trim IEFA
-13.9%　-$372.0K
Add IDV
-2.3%　-$54.0K
Trim DBEU
-11.7%　-$208.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	15.86%	+1.77%	—
2	EMGF	Ishares Emerging Markets Equ	ETF-Emerging Markets	11.00%	+1.03%	-2.42%
3	ISCF	Ishares International Small	ETF-Other	7.34%	+1.34%	+8.57%
4	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	6.00%	-0.33%	-13.90%
5	BKF	Ishares Msci Bic ETF	ETF-Other	5.03%	+0.16%	-6.75%
6	IMTM	Ishares Msci Intl Momentum F	ETF-Other	4.91%	+0.19%	-3.77%
7	MTUM	Ishares Msci USA Momentum Fa	ETF-Other	4.89%	+0.08%	-11.68%
8	IDV	Ishares International Select	ETF-Other	4.86%	+0.21%	-2.35%
9	VLUE	Ishares Msci USA Value Facto	ETF-Other	4.86%	+0.17%	-10.40%
10	IVLU	Ishares Msci International V	ETF-Other	4.81%	+0.16%	-7.35%
11	XLK	Ss Technology Select Sector	ETF-Tech	4.45%	-0.18%	-16.91%
12	VPU	Vanguard Utilities ETF	ETF-Other	4.37%	-0.08%	-7.90%
13	VFH	Vanguard Financials ETF	ETF-Other	4.28%	+0.09%	-10.76%
14	DBEU	Xtrackers Msci Europe Hedged	ETF-Other	3.32%	-0.19%	-11.67%
15	IHF	Ishares U.s. Healthcare Prov	ETF-Other	2.42%	+0.08%	-8.82%
16	XLV	Ss Health Care Select Sector	ETF-Other	1.97%	-0.04%	-9.12%
17	VCR	Vanguard Consumer Discre ETF	ETF-Other	1.63%	+0.11%	-8.07%
18	XLP	Ss Consumer Staples Sel Sect	ETF-Other	1.54%	+0.06%	-7.80%
19	XLI	Ss Industrial Select Sector	ETF-Other	1.53%	+0.06%	-8.94%
20	VOX	Vanguard Communication Servi	ETF-Other	1.51%	+0.01%	-5.00%
21	XLB	Ss Materials Select Sector	ETF-Other	1.50%	+0.04%	-9.67%
22	VNQ	Vanguard Real Estate ETF	ETF-Other	1.27%	-0.03%	-8.26%
23	XLF	Ss Financial Select Sector	ETF-Other	0.65%	+0.06%	-4.57%

Portfolio Performance

Not enough priced holdings yet to compute performance

Reported value over time

Sector allocation

Not enough sector-mapped data yet

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2017-12-31	23	$48.5M	11	1VWO 2EMGF 3ISCF Top holdings2017-12-31 1.VWO 2.EMGF 3.ISCF 4.IEFA 5.BKF 6.IMTM 7.MTUM 8.IDV 9.VLUE 10.IVLU
2017-09-30	33	$51.8M	53	1VWO 2EMGF 3IEFA Top holdings2017-09-30 1.VWO 2.EMGF 3.IEFA 4.ISCF 5.BKF 6.MTUM 7.IMTM 8.VLUE 9.IDV 10.IVLU
2017-06-30	38	$56.6M	93	1MUB 2VWO 3IEFA Top holdings2017-06-30 1.MUB 2.VWO 3.IEFA 4.VTI 5.MTUM 6.BKF 7.IDV 8.VLUE 9.IMTM 10.IVLU
2017-03-31	51	$86.7M	84	1SUB 2IEFA 3SPY Top holdings2017-03-31 1.SUB 2.IEFA 3.SPY 4.DBEU 5.XLK 6.VCR 7.VWO 8.DXJ 9.BKF 10.IGSB
2016-12-31	44	$128.8M	83	1VYM 2IEFA 3SUB Top holdings2016-12-31 1.VYM 2.IEFA 3.SUB 4.IJS 5.VTI 6.XLK 7.SPY 8.VCR 9.IGSB 10.VGK
2016-09-30	29	$158.8M	14	1VYM 2IDV 3MUB Top holdings2016-09-30 1.VYM 2.IDV 3.MUB 4.VWO 5.IEFA 6.IJS 7.XLK 8.VT 9.VCR 10.BND
2016-06-30	35	$175.9M	87	1VYM 2IDV 3MUB Top holdings2016-06-30 1.VYM 2.IDV 3.MUB 4.VWO 5.IEFA 6.IJS 7.XLK 8.VT 9.VCR 10.BND
2016-03-31	38	$162.2M	100	1DBEU 2MUB 3VWO Top holdings2016-03-31 1.DBEU 2.MUB 3.VWO 4.XLK 5.VCR 6.DXJ 7.VT 8.VFH 9.VGK 10.BND
2015-12-31	38	$135.1M	84	1SPY 2IEF 3XLK Top holdings2015-12-31 1.SPY 2.IEF 3.XLK 4.FEZ 5.VT 6.VTI 7.XLF 8.DXJ 9.VCR 10.VGK
2015-09-30	41	$324.7M	48	1VGK 2SPY 3XLK Top holdings2015-09-30 1.VGK 2.SPY 3.XLK 4.VCR 5.XLP 6.VDE 7.XLF 8.VIS 9.VAW 10.DXJ
2015-06-30	44	$370.9M	74	1DXJ 2VGK 3VDE Top holdings2015-06-30 1.DXJ 2.VGK 3.VDE 4.VCR 5.XLK 6.XLP 7.VIS 8.XLF 9.FEZ 10.HEDJ
2015-03-31	44	$389.2M	33	1XLK 2VCR 3VGK Top holdings2015-03-31 1.XLK 2.VCR 3.VGK 4.VT 5.DXJ 6.81369y 7.81369y 8.VIS 9.FEZ 10.UBS
2014-12-31	48	$366.6M	63	1XLK 2VCR 3DXJ Top holdings2014-12-31 1.XLK 2.VCR 3.DXJ 4.VGK 5.81369y 6.VTI 7.81369y 8.FEZ 9.ACWI 10.VIS
2014-09-30	42	$384.8M	100	1XLK 2DXJ 3VCR Top holdings2014-09-30 1.XLK 2.DXJ 3.VCR 4.IHF 5.78463x 6.ACWI 7.VTI 8.VGK 9.81369y 10.81369y
2014-06-30	26	$328.9M	46	197717w2VCR397717w Top holdings2014-06-30 1.97717w 2.VCR 3.97717w 4.VGK 5.XLK 6.EWG 7.IHF 8.TLT 9.VTI 10.SPY
2014-03-31	23	$258.5M	100	197717w297717w3VGK Top holdings2014-03-31 1.97717w 2.97717w 3.VGK 4.VCR 5.EWG 6.VTI 7.SPY 8.VWO 9.USCI 10.BND
2013-12-31	20	$218.5M	77	1DXJ297717w3QNDX Top holdings2013-12-31 1.DXJ 2.97717w 3.QNDX 4.EWG 5.VGK 6.VTI 7.SPY 8.BND 9.GXC 10.USCI
2013-09-30	20	$139.0M	80	1DXJ 2BND 3EWG Top holdings2013-09-30 1.DXJ 2.BND 3.EWG 4.VTI 5.SPY 6.VGK 7.VWO 8.VB 9.GXC 10.IEI
2013-06-30	19	$81.7M	0	1DXJ 2BND 3IEI Top holdings2013-06-30 1.DXJ 2.BND 3.IEI 4.VTI 5.USCI 6.SPY 7.VGK 8.GLD 9.06741l 10.ACWI

Holding changes this quarter

Position changes disclosed by Spruce Investment Advisors LLC for the quarter ending 2017-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VWO	Vanguard Ftse Emerging Marke	+1.8%	—	Unchanged
2	ISCF	Ishares International Small	+1.3%	+8.57%	Add
3	EMGF	Ishares Emerging Markets Equ	+1%	-2.42%	Trim
4	IDV	Ishares International Select	+0.2%	-2.35%	Trim
5	IMTM	Ishares Msci Intl Momentum F	+0.2%	-3.77%	Trim
6	VLUE	Ishares Msci USA Value Facto	+0.2%	-10.40%	Trim
7	BKF	Ishares Msci Bic ETF	+0.2%	-6.75%	Trim
8	IVLU	Ishares Msci International V	+0.2%	-7.35%	Trim
9	VCR	Vanguard Consumer Discre ETF	+0.1%	-8.07%	Trim
10	VFH	Vanguard Financials ETF	+0.1%	-10.76%	Trim
11	MTUM	Ishares Msci USA Momentum Fa	+0.1%	-11.68%	Trim
12	IHF	Ishares U.s. Healthcare Prov	+0.1%	-8.82%	Trim
13	XLP	Ss Consumer Staples Sel Sect	+0.1%	-7.80%	Trim
14	XLI	Ss Industrial Select Sector	+0.1%	-8.94%	Trim
15	XLF	Ss Financial Select Sector	+0.1%	-4.57%	Trim
16	XLB	Ss Materials Select Sector	0%	-9.67%	Trim
17	VOX	Vanguard Communication Servi	0%	-5.00%	Trim
18	VNQ	Vanguard Real Estate ETF	0%	-8.26%	Trim
19	XLV	Ss Health Care Select Sector	0%	-9.12%	Trim
20	VPU	Vanguard Utilities ETF	-0.1%	-7.90%	Trim
21	XLK	Ss Technology Select Sector	-0.2%	-16.91%	Trim
22	DBEU	Xtrackers Msci Europe Hedged	-0.2%	-11.67%	Trim
23	IEFA	Ishares Core Msci Eafe ETF	-0.3%	-13.90%	Trim
24	MUB	Ishares National Muni Bond E	—	EXIT	Sold out
25	VHT	Vanguard Health Care ETF	—	EXIT	Sold out
26	XLRE	Ss Real Estate Select Sector	—	EXIT	Sold out
27	VIS	Vanguard Industrials ETF	—	EXIT	Sold out
28	VAW	Vanguard Materials ETF	—	EXIT	Sold out
29	VGT	Vanguard Info Tech ETF	—	EXIT	Sold out
30	IYF	Ishares US Financials ETF	—	EXIT	Sold out
31	VDC	Vanguard Consumer Staple ETF	—	EXIT	Sold out
32	IYH	Ishares U.s. Healthcare ETF	—	EXIT	Sold out
33	VT	Vanguard Tot World Stk ETF	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-09	13F-HR	View on EDGAR
2017-06-30	2017-08-07	13F-HR	View on EDGAR
2017-03-31	2017-05-10	13F-HR	View on EDGAR
2016-12-31	2017-02-08	13F-HR	View on EDGAR
2016-09-30	2016-11-10	13F-HR	View on EDGAR
2016-06-30	2016-08-02	13F-HR	View on EDGAR
2016-03-31	2016-05-10	13F-HR	View on EDGAR
2015-12-31	2016-02-09	13F-HR	View on EDGAR
2015-09-30	2015-11-03	13F-HR	View on EDGAR
2015-06-30	2015-08-06	13F-HR	View on EDGAR
2015-03-31	2015-05-12	13F-HR	View on EDGAR
2014-12-31	2015-02-09	13F-HR	View on EDGAR
2014-09-30	2014-11-10	13F-HR	View on EDGAR
2014-06-30	2014-08-06	13F-HR	View on EDGAR
2014-03-31	2014-05-05	13F-HR	View on EDGAR
2013-12-31	2014-03-10	Amendment	View on EDGAR
2013-12-31	2014-02-04	13F-HR	View on EDGAR
2013-09-30	2013-10-22	13F-HR	View on EDGAR
2013-06-30	2013-08-09	13F-HR	View on EDGAR