# MANAGED ACCOUNT SERVICES INC

> Institutional holdings reported to the SEC as of Q3 2021 on Form 13F. CIK 1696656. Source: https://holderbook.com/funds/1696656-managed-account-services-inc/

- Reported value: $379.6M
- Positions: 106
- Weight of the ten largest: 43.3%
- Filed: 2021-11-09

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $28.2M | 65,369 | 7.4% | 12 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $24.1M | 478,433 | 6.4% | 12 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $19.7M | 67,918 | 5.2% | 12 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $18.4M | 471,479 | 4.8% | 12 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $18.1M | 282,093 | 4.8% | 12 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $13.9M | 385,117 | 3.7% | 12 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $11.3M | 111,022 | 3.0% | 12 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $10.4M | 205,615 | 2.7% | 12 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $10.3M | 94,299 | 2.7% | 12 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $9.9M | 72,843 | 2.6% | 12 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $9.0M | 287,656 | 2.4% | 12 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $8.1M | 98,644 | 2.1% | 12 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $7.3M | 113,145 | 1.9% | 7 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $7.3M | 85,418 | 1.9% | 6 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $7.0M | 148,115 | 1.8% | 2 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $6.7M | 63,065 | 1.8% | 10 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $6.5M | 153,389 | 1.7% | 12 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $6.5M | 78,662 | 1.7% | 12 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $6.4M | 31,686 | 1.7% | 12 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $6.4M | 61,075 | 1.7% | 12 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $5.8M | 101,195 | 1.5% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $5.6M | 111,933 | 1.5% | 12 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $5.5M | 20,211 | 1.5% | 12 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $5.4M | 72,859 | 1.4% | 12 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $5.4M | 36,486 | 1.4% | 12 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $5.3M | 101,416 | 1.4% | 5 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $5.3M | 119,366 | 1.4% | 2 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $4.9M | 114,512 | 1.3% | 12 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $4.5M | 28,723 | 1.2% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $4.0M | 71,858 | 1.1% | 12 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.9M | 17,726 | 1.0% | 12 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.8M | 17,153 | 1.0% | 12 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $3.6M | 44,425 | 1.0% | 12 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $3.6M | 33,230 | 0.9% | 12 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $3.5M | 83,530 | 0.9% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.3M | 23,349 | 0.9% | 12 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $3.2M | 47,971 | 0.9% | 12 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $3.2M | 27,421 | 0.8% | 12 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $3.2M | 62,302 | 0.8% | 12 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $2.5M | 51,116 | 0.7% | 12 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $2.3M | 37,607 | 0.6% | 12 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $2.3M | 13,657 | 0.6% | 12 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $2.3M | 59,179 | 0.6% | 12 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $2.3M | 30,808 | 0.6% | 12 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $2.2M | 21,205 | 0.6% | 8 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $2.1M | 63,956 | 0.6% | 12 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $2.1M | 11,509 | 0.6% | 12 |
| VANGUARD ADMIRAL FDS INC | [VIOV](https://holderbook.com/stocks/VIOV/) | $2.0M | 11,433 | 0.5% | 7 |
| ISHARES TR | [IMTM](https://holderbook.com/stocks/IMTM/) | $1.9M | 50,651 | 0.5% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.8M | 22,947 | 0.5% | 12 |
| ISHARES TR | [IBMK](https://holderbook.com/stocks/IBMK/) | $1.7M | 63,675 | 0.4% | 12 |
| SPDR INDEX SHS FDS | [RWX](https://holderbook.com/stocks/RWX/) | $1.6M | 46,179 | 0.4% | 12 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $1.6M | 52,596 | 0.4% | 12 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $1.5M | 46,033 | 0.4% | 1 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $1.5M | 14,841 | 0.4% | 12 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.4M | 3,851 | 0.4% | 12 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $1.3M | 13,027 | 0.3% | 12 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $1.3M | 8,656 | 0.3% | 12 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $1.3M | 22,868 | 0.3% | 8 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $1.2M | 41,723 | 0.3% | 12 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $1.2M | 7,581 | 0.3% | 12 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $1.2M | 13,251 | 0.3% | 9 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $1.1M | 4,701 | 0.3% | 12 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $1.0M | 19,568 | 0.3% | 7 |
| SCHWAB STRATEGIC TR | [FNDC](https://holderbook.com/stocks/FNDC/) | $984.0K | 25,410 | 0.3% | 12 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $975.0K | 2,472 | 0.3% | 10 |
| ISHARES TR | [USRT](https://holderbook.com/stocks/USRT/) | $972.0K | 16,576 | 0.3% | 12 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $930.0K | 2,832 | 0.2% | 12 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $815.0K | 15,015 | 0.2% | 12 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $742.0K | 16,245 | 0.2% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $724.0K | 5,417 | 0.2% | 12 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $718.0K | 3,283 | 0.2% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $677.0K | 206 | 0.2% | 6 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $597.0K | 5,744 | 0.2% | 12 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $493.0K | 1,492 | 0.1% | 12 |
| ISHARES TR | [HEFA](https://holderbook.com/stocks/HEFA/) | $480.0K | 13,968 | 0.1% | 12 |
| ISHARES TR | [IBMJ](https://holderbook.com/stocks/IBMJ/) | $445.0K | 17,398 | 0.1% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $439.0K | 4,313 | 0.1% | 6 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $435.0K | 3,792 | 0.1% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $424.0K | 6,963 | 0.1% | 12 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $421.0K | 7,150 | 0.1% | 12 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $421.0K | 3,812 | 0.1% | 7 |
| ISHARES TR | [IWC](https://holderbook.com/stocks/IWC/) | $419.0K | 2,907 | 0.1% | 12 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $415.0K | 1,564 | 0.1% | 12 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $407.0K | 7,821 | 0.1% | 4 |
| SPDR INDEX SHS FDS | [GWX](https://holderbook.com/stocks/GWX/) | $378.0K | 9,811 | 0.1% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $366.0K | 1,299 | 0.1% | 5 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $344.0K | 3,494 | 0.1% | 4 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $329.0K | 5,198 | 0.1% | 6 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $309.0K | 1,103 | 0.1% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $296.0K | 1,085 | 0.1% | 4 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $279.0K | 5,173 | 0.1% | 4 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $265.0K | 700 | 0.1% | 4 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $258.0K | 2,492 | 0.1% | 4 |
| SPDR SERIES TRUST | [RWR](https://holderbook.com/stocks/RWR/) | $257.0K | 2,440 | 0.1% | 6 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $255.0K | 4,727 | 0.1% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $249.0K | 321 | 0.1% | 1 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $238.0K | 3,241 | 0.1% | 11 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $236.0K | 3,657 | 0.1% | 1 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $236.0K | 4,500 | 0.1% | 12 |

## 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 |
|---|---|---|---|---|
| Q3 2021 | -1.1% | +0.3% | -1.3% | 100% |
| Q2 2021 | +6.0% | +8.0% | -2.0% | 100% |
| Q1 2021 | +5.7% | +6.0% | -0.3% | 97% |
| Q4 2020 | +12.8% | +11.6% | +1.2% | 97% |
| Q3 2020 | +6.4% | +8.6% | -2.2% | 97% |
| Q2 2020 | +16.6% | +19.6% | -3.0% | 105% |
| Q1 2020 | -21.9% | -19.9% | -2.0% | 100% |
| Q4 2019 | +6.1% | +8.5% | -2.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2021 | $379.6M | 106 |
| Q2 2021 | $419.6M | 110 |
| Q1 2021 | $382.0M | 103 |
| Q4 2020 | $372.0M | 107 |
| Q3 2020 | $317.3M | 97 |
| Q2 2020 | $276.1M | 94 |
| Q1 2020 | $206.4M | 87 |
| Q4 2019 | $242.0M | 88 |
| Q3 2019 | $201.7M | 86 |
| Q2 2019 | $184.6M | 85 |
| Q1 2019 | $178.1M | 85 |
| Q4 2018 | $162.3M | 77 |