# Sullivan, Bruyette, Speros & Blaney, LLC

> Institutional holdings reported to the SEC as of Q1 2021 on Form 13F. CIK 1599904. Source: https://holderbook.com/funds/1599904-sullivan-bruyette-speros-blaney-llc/

- Reported value: $2.3B
- Positions: 416
- Weight of the ten largest: 71.0%
- Filed: 2021-05-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $503.0M | 1,269,088 | 22.2% | 10 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $225.8M | 2,233,523 | 10.0% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $157.2M | 3,200,305 | 6.9% | 10 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $146.9M | 792,639 | 6.5% | 10 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $131.9M | 2,533,415 | 5.8% | 10 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $109.8M | 1,296,458 | 4.8% | 10 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $103.0M | 582,394 | 4.5% | 10 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $102.9M | 480,806 | 4.5% | 10 |
| INVESCO ACTIVELY MANAGED EXC | [GSY](https://holderbook.com/stocks/GSY/) | $76.0M | 1,506,278 | 3.4% | 10 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $51.7M | 824,517 | 2.3% | 10 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $41.8M | 177,270 | 1.8% | 10 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $37.1M | 303,433 | 1.6% | 10 |
| ISHARES GOLD TRUST | [IAUXXXX](https://holderbook.com/stocks/IAUXXXX/) | $30.6M | 1,879,906 | 1.3% | 10 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $30.4M | 147,027 | 1.3% | 10 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $23.7M | 389,973 | 1.0% | 10 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $23.2M | 103,449 | 1.0% | 10 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $16.6M | 75,143 | 0.7% | 10 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $15.9M | 146,579 | 0.7% | 10 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $14.9M | 37,526 | 0.7% | 10 |
| PACER FDS TR | [PTLC](https://holderbook.com/stocks/PTLC/) | $14.7M | 424,043 | 0.6% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $14.7M | 89,576 | 0.6% | 10 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $13.5M | 380,851 | 0.6% | 4 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $13.3M | 116,627 | 0.6% | 10 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $13.1M | 172,271 | 0.6% | 10 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $12.7M | 175,613 | 0.6% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $12.6M | 4,068 | 0.6% | 10 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $8.1M | 185,878 | 0.4% | 4 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $7.2M | 70,594 | 0.3% | 10 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $6.9M | 107,307 | 0.3% | 10 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $6.5M | 49,812 | 0.3% | 10 |
| PACER FDS TR | [PTIN](https://holderbook.com/stocks/PTIN/) | $6.3M | 226,926 | 0.3% | 6 |
| GOLDMAN SACHS ETF TR | [JUST](https://holderbook.com/stocks/JUST/) | $6.1M | 105,182 | 0.3% | 8 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $5.4M | 97,324 | 0.2% | 10 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.1M | 33,678 | 0.2% | 10 |
| ISHARES TR | [EAGG](https://holderbook.com/stocks/EAGG/) | $5.1M | 93,454 | 0.2% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.8M | 18,778 | 0.2% | 10 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $4.7M | 32,119 | 0.2% | 10 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.6M | 12,757 | 0.2% | 10 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.4M | 32,377 | 0.2% | 10 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $4.3M | 16,654 | 0.2% | 10 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $4.2M | 32,365 | 0.2% | 10 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.0M | 24,858 | 0.2% | 10 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $3.9M | 106,585 | 0.2% | 10 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.8M | 36,075 | 0.2% | 10 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $3.5M | 23,004 | 0.2% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.4M | 1,656 | 0.2% | 10 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $3.4M | 14,351 | 0.2% | 10 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $3.3M | 14,700 | 0.1% | 10 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $3.3M | 43,483 | 0.1% | 10 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.2M | 1,560 | 0.1% | 10 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.9M | 11,981 | 0.1% | 10 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.8M | 23,205 | 0.1% | 10 |
| BROADSTONE NET LEASE INC | [BNL](https://holderbook.com/stocks/BNL/) | $2.8M | 151,236 | 0.1% | 1 |
| PAR TECHNOLOGY CORP | [PAR](https://holderbook.com/stocks/PAR/) | $2.7M | 41,986 | 0.1% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.4M | 8,305 | 0.1% | 10 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.4M | 10,870 | 0.1% | 10 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.4M | 12,976 | 0.1% | 10 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.4M | 21,833 | 0.1% | 10 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $2.4M | 20,631 | 0.1% | 10 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.3M | 6,410 | 0.1% | 10 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $2.2M | 6,025 | 0.1% | 10 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.2M | 37,452 | 0.1% | 10 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.2M | 7,084 | 0.1% | 10 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.1M | 8,628 | 0.1% | 10 |
| WISDOMTREE TR | [DEM](https://holderbook.com/stocks/DEM/) | $2.1M | 47,802 | 0.1% | 10 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.1M | 40,174 | 0.1% | 10 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.0M | 31,947 | 0.1% | 10 |
| HERC HLDGS INC | [HRI](https://holderbook.com/stocks/HRI/) | $2.0M | 20,000 | 0.1% | 9 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $2.0M | 63,005 | 0.1% | 10 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.9M | 16,671 | 0.1% | 10 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.9M | 14,211 | 0.1% | 10 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.9M | 36,584 | 0.1% | 10 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.9M | 24,290 | 0.1% | 10 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.8M | 8,714 | 0.1% | 10 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.8M | 48,929 | 0.1% | 10 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.8M | 9,423 | 0.1% | 10 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.8M | 19,498 | 0.1% | 10 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $1.8M | 6,457 | 0.1% | 10 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $1.8M | 23,268 | 0.1% | 7 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $1.7M | 24,652 | 0.1% | 4 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.7M | 5,250 | 0.1% | 10 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.7M | 7,797 | 0.1% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.7M | 3,200 | 0.1% | 10 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.7M | 8,948 | 0.1% | 10 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.7M | 7,007 | 0.1% | 10 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.7M | 11,956 | 0.1% | 10 |
| UNITED BANKSHARES INC WEST V | [UBSI](https://holderbook.com/stocks/UBSI/) | $1.7M | 43,813 | 0.1% | 10 |
| SSGA ACTIVE ETF TR | [GAL](https://holderbook.com/stocks/GAL/) | $1.6M | 37,269 | 0.1% | 10 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.6M | 53,938 | 0.1% | 10 |
| ERIE INDTY CO | [ERIE](https://holderbook.com/stocks/ERIE/) | $1.6M | 7,250 | 0.1% | 10 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $1.5M | 17,212 | 0.1% | 10 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.4M | 3,794 | 0.1% | 10 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $1.4M | 5,836 | 0.1% | 10 |
| IRONWOOD PHARMACEUTICALS INC | [IRWD](https://holderbook.com/stocks/IRWD/) | $1.4M | 124,303 | 0.1% | 10 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $1.4M | 7,534 | 0.1% | 10 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.4M | 8,563 | 0.1% | 9 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.3M | 18,687 | 0.1% | 10 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.3M | 2,752 | 0.1% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.2M | 1,872 | 0.1% | 4 |
| VANECK MERK GOLD ETF | [OUNZ](https://holderbook.com/stocks/OUNZ/) | $1.2M | 74,848 | 0.1% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2021 | +5.1% | +6.0% | -0.9% | 100% |
| Q4 2020 | +13.0% | +11.6% | +1.4% | 100% |
| Q3 2020 | +6.8% | +8.6% | -1.8% | 100% |
| Q2 2020 | +17.1% | +19.6% | -2.6% | 100% |
| Q1 2020 | -19.5% | -19.9% | +0.4% | 100% |
| Q4 2019 | +7.0% | +8.5% | -1.4% | 100% |
| Q3 2019 | +0.2% | +1.3% | -1.1% | 100% |
| Q2 2019 | +2.8% | +3.7% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2021 | $2.3B | 416 |
| Q4 2020 | $2.1B | 398 |
| Q3 2020 | $1.8B | 354 |
| Q2 2020 | $1.6B | 326 |
| Q1 2020 | $1.4B | 297 |
| Q4 2019 | $1.8B | 346 |
| Q3 2019 | $1.7B | 331 |
| Q2 2019 | $1.7B | 235 |
| Q1 2019 | $1.6B | 212 |
| Q4 2018 | $1.5B | 191 |