# Epstein & White Financial LLC

> Institutional holdings reported to the SEC as of Q2 2021 on Form 13F. CIK 1713936. Source: https://holderbook.com/funds/1713936-epstein-white-financial-llc/

- Reported value: $379.1M
- Positions: 94
- Weight of the ten largest: 80.6%
- Filed: 2021-08-10

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $126.5M | 294,130 | 33.4% | 11 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $35.7M | 1,189,566 | 9.4% | 7 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $33.0M | 248,749 | 8.7% | 7 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $27.0M | 470,598 | 7.1% | 11 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $16.1M | 62,979 | 4.2% | 6 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $14.6M | 283,111 | 3.9% | 3 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $13.4M | 77,021 | 3.5% | 4 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $13.3M | 181,063 | 3.5% | 11 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $13.1M | 339,180 | 3.4% | 10 |
| ISHARES TR | [SMMD](https://holderbook.com/stocks/SMMD/) | $12.8M | 192,817 | 3.4% | 3 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $8.6M | 137,782 | 2.3% | 6 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $7.1M | 94,461 | 1.9% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.8M | 34,871 | 1.3% | 11 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $4.7M | 47,158 | 1.2% | 11 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $4.0M | 60,490 | 1.1% | 6 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $4.0M | 14,875 | 1.1% | 6 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $2.1M | 39,033 | 0.6% | 10 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $1.5M | 20,864 | 0.4% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.5M | 431 | 0.4% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4M | 5,087 | 0.4% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.4M | 3,874 | 0.4% | 11 |
| FIDELITY COVINGTON TRUST | [FDVV](https://holderbook.com/stocks/FDVV/) | $1.4M | 35,898 | 0.4% | 11 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $1.2M | 57,779 | 0.3% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.1M | 8,014 | 0.3% | 11 |
| INVESCO EXCH TRADED FD TR II | [RDIV](https://holderbook.com/stocks/RDIV/) | $1.1M | 27,493 | 0.3% | 2 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.1M | 4,041 | 0.3% | 11 |
| FIDELITY COVINGTON TRUST | [FQAL](https://holderbook.com/stocks/FQAL/) | $1.0M | 21,202 | 0.3% | 11 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $982.0K | 13,517 | 0.3% | 11 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $943.0K | 7,108 | 0.2% | 7 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $937.0K | 20,243 | 0.2% | 3 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $784.0K | 1,600 | 0.2% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $748.0K | 1,751 | 0.2% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $731.0K | 2,298 | 0.2% | 11 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $641.0K | 1,859 | 0.2% | 11 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $624.0K | 2,710 | 0.2% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $584.0K | 238 | 0.2% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $563.0K | 1,422 | 0.1% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $550.0K | 3,334 | 0.1% | 11 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $547.0K | 1,905 | 0.1% | 11 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $518.0K | 4,966 | 0.1% | 1 |
| ETF SER SOLUTIONS | [JETS](https://holderbook.com/stocks/JETS/) | $459.0K | 18,998 | 0.1% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $454.0K | 8,788 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $451.0K | 5,953 | 0.1% | 11 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $450.0K | 4,713 | 0.1% | 5 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $424.0K | 3,673 | 0.1% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $418.0K | 3,087 | 0.1% | 11 |
| ISHARES TR | [REET](https://holderbook.com/stocks/REET/) | $417.0K | 15,048 | 0.1% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $413.0K | 1,186 | 0.1% | 11 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $405.0K | 4,605 | 0.1% | 11 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $396.0K | 7,435 | 0.1% | 11 |
| ISHARES TR | [BGRN](https://holderbook.com/stocks/BGRN/) | $385.0K | 7,040 | 0.1% | 6 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $373.0K | 7,667 | 0.1% | 11 |
| FIRST TR EXCH TRADED FD III | [FPEI](https://holderbook.com/stocks/FPEI/) | $370.0K | 18,011 | 0.1% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $362.0K | 1,305 | 0.1% | 4 |
| VANECK ETF TRUST | [GRNB](https://holderbook.com/stocks/GRNB/) | $350.0K | 12,754 | 0.1% | 6 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $349.0K | 3,358 | 0.1% | 1 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $339.0K | 6,260 | 0.1% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $332.0K | 2,247 | 0.1% | 11 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $330.0K | 2,270 | 0.1% | 11 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $328.0K | 5,856 | 0.1% | 11 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $320.0K | 11,194 | 0.1% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $319.0K | 3,018 | 0.1% | 11 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $314.0K | 2,677 | 0.1% | 2 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $311.0K | 11,511 | 0.1% | 1 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $310.0K | 1,556 | 0.1% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $303.0K | 4,792 | 0.1% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $302.0K | 378 | 0.1% | 1 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $300.0K | 783 | 0.1% | 9 |
| SPDR INDEX SHS FDS | [DWX](https://holderbook.com/stocks/DWX/) | $300.0K | 7,634 | 0.1% | 6 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $297.0K | 31,997 | 0.1% | 1 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $292.0K | 3,549 | 0.1% | 1 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $284.0K | 3,221 | 0.1% | 3 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $265.0K | 4,921 | 0.1% | 5 |
| SPDR SERIES TRUST | [KBE](https://holderbook.com/stocks/KBE/) | $259.0K | 5,040 | 0.1% | 5 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $256.0K | 1,171 | 0.1% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $256.0K | 4,874 | 0.1% | 10 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $255.0K | 4,531 | 0.1% | 8 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $253.0K | 2,541 | 0.1% | 11 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $238.0K | 3,554 | 0.1% | 3 |
| INVESCO EXCH TRADED FD TR II | [PWZ](https://holderbook.com/stocks/PWZ/) | $230.0K | 8,213 | 0.1% | 11 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $227.0K | 2,365 | 0.1% | 5 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $227.0K | 3,631 | 0.1% | 3 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $226.0K | 2,158 | 0.1% | 1 |
| GREENBOX POS | [RVYL](https://holderbook.com/stocks/RVYL/) | $221.0K | 18,563 | 0.1% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $220.0K | 1,900 | 0.1% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $218.0K | 322 | 0.1% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $214.0K | 85 | 0.1% | 1 |
| INVESCO CALIF VALUE MUN INCO | [VCV](https://holderbook.com/stocks/VCV/) | $211.0K | 15,180 | 0.1% | 6 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $206.0K | 1,245 | 0.1% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $205.0K | 1,071 | 0.1% | 1 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $200.0K | 2,017 | 0.1% | 1 |
| NUVEEN AMT FREE MUN CR INC F | [NVG](https://holderbook.com/stocks/NVG/) | $185.0K | 10,363 | 0.0% | 1 |
| MONEYGRAM INTL INC | [MGI](https://holderbook.com/stocks/MGI/) | $152.0K | 15,000 | 0.0% | 1 |
| PIMCO CALIF MUN INCOME FD II | [PZC](https://holderbook.com/stocks/PZC/) | $117.0K | 10,222 | 0.0% | 7 |

## 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 |
|---|---|---|---|---|
| Q2 2021 | +6.1% | +8.0% | -1.9% | 100% |
| Q1 2021 | +3.7% | +6.0% | -2.3% | 100% |
| Q4 2020 | +10.0% | +11.6% | -1.6% | 100% |
| Q3 2020 | +6.5% | +8.6% | -2.1% | 100% |
| Q2 2020 | +14.0% | +19.6% | -5.6% | 100% |
| Q1 2020 | -16.4% | -19.9% | +3.5% | 100% |
| Q4 2019 | +6.1% | +8.5% | -2.4% | 100% |
| Q3 2019 | +1.4% | +1.3% | +0.1% | 101% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2021 | $379.1M | 94 |
| Q1 2021 | $343.5M | 85 |
| Q4 2020 | $325.8M | 83 |
| Q3 2020 | $280.2M | 77 |
| Q2 2020 | $263.8M | 75 |
| Q1 2020 | $238.7M | 80 |
| Q4 2019 | $228.7M | 73 |
| Q3 2019 | $205.3M | 70 |
| Q2 2019 | $187.9M | 80 |
| Q1 2019 | $174.2M | 83 |
| Q4 2018 | $160.2M | 81 |