# PFM Asset Management LLC

> Institutional holdings reported to the SEC as of Q3 2021 on Form 13F. CIK 1715304. Source: https://holderbook.com/funds/1715304-pfm-asset-management-llc/

- Reported value: $5.4B
- Positions: 29
- Weight of the ten largest: 97.1%
- Filed: 2021-11-12

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 |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.3B | 0 | 60.9% | 12 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $533.9M | 0 | 10.0% | 7 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $342.3M | 0 | 6.4% | 1 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $327.2M | 0 | 6.1% | 1 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $260.1M | 0 | 4.8% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $182.8M | 0 | 3.4% | 1 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $141.1M | 0 | 2.6% | 9 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $104.3M | 0 | 1.9% | 6 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $25.9M | 0 | 0.5% | 12 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $20.0M | 0 | 0.4% | 12 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $18.8M | 0 | 0.4% | 3 |
| ISHARES INC | [ACWV](https://holderbook.com/stocks/ACWV/) | $17.4M | 0 | 0.3% | 12 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $16.3M | 0 | 0.3% | 12 |
| DBX ETF TR | [USSG](https://holderbook.com/stocks/USSG/) | $15.9M | 400,397 | 0.3% | 4 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $15.0M | 0 | 0.3% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $14.3M | 0 | 0.3% | 4 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $13.1M | 167,521 | 0.2% | 5 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $8.5M | 0 | 0.2% | 4 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $7.3M | 0 | 0.1% | 12 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $6.6M | 0 | 0.1% | 7 |
| EXCHANGE TRADED CONCEPTS TR | [UTRN](https://holderbook.com/stocks/UTRN/) | $5.8M | 168,661 | 0.1% | 2 |
| INVESCO ACTVELY MNGD ETC FD | [PDBC](https://holderbook.com/stocks/PDBC/) | $5.2M | 0 | 0.1% | 2 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $4.1M | 0 | 0.1% | 5 |
| INVESCO EXCH TRD SLF IDX FD | [BSCM](https://holderbook.com/stocks/BSCM/) | $3.4M | 160,147 | 0.1% | 4 |
| INVESCO EXCH TRD SLF IDX FD | [BSCL](https://holderbook.com/stocks/BSCL/) | $2.7M | 0 | 0.0% | 8 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.5M | 0 | 0.0% | 6 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $1.1M | 0 | 0.0% | 6 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $153.0K | 0 | 0.0% | 12 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $51.0K | 1,312 | 0.0% | 2 |

## 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 | +0.4% | +0.3% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2021 | $5.4B | 29 |
| Q2 2021 | $4.6B | 27 |
| Q1 2021 | $4.1B | 25 |
| Q4 2020 | $4.0B | 23 |
| Q3 2020 | $2.8B | 20 |
| Q2 2020 | $2.1B | 19 |
| Q1 2020 | $1.1B | 13 |
| Q4 2019 | $446.0M | 13 |
| Q3 2019 | $654.8M | 13 |
| Q2 2019 | $404.3M | 12 |
| Q1 2019 | $396.8M | 12 |
| Q4 2018 | $297.8M | 11 |