# First Ascent Asset Management, LLC

> Institutional holdings reported to the SEC as of Q4 2023 on Form 13F. CIK 1805758. Source: https://holderbook.com/funds/1805758-first-ascent-asset-management-llc/

- Reported value: $892.4M
- Positions: 53
- Weight of the ten largest: 73.4%
- Filed: 2024-02-05

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 | [VOO](https://holderbook.com/stocks/VOO/) | $114.2M | 261,391 | 12.8% | 14 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $89.0M | 375,317 | 10.0% | 17 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $80.5M | 1,576,165 | 9.0% | 17 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $80.4M | 2,750,596 | 9.0% | 11 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $64.3M | 1,395,540 | 7.2% | 17 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $60.7M | 1,785,634 | 6.8% | 17 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $60.0M | 1,035,209 | 6.7% | 17 |
| DIMENSIONAL ETF TRUST | [DFNM](https://holderbook.com/stocks/DFNM/) | $43.7M | 901,027 | 4.9% | 5 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $35.6M | 1,457,609 | 4.0% | 10 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $26.6M | 538,573 | 3.0% | 17 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $23.2M | 141,092 | 2.6% | 14 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $20.2M | 571,790 | 2.3% | 17 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $19.2M | 386,047 | 2.2% | 17 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $18.3M | 194,565 | 2.0% | 17 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $16.7M | 653,239 | 1.9% | 5 |
| ISHARES TR | [SUSL](https://holderbook.com/stocks/SUSL/) | $14.4M | 170,114 | 1.6% | 10 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $8.9M | 49,223 | 1.0% | 8 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $8.3M | 110,203 | 0.9% | 10 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $8.2M | 252,509 | 0.9% | 17 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $8.1M | 124,191 | 0.9% | 15 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $6.7M | 107,414 | 0.8% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $6.6M | 64,579 | 0.7% | 14 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $6.2M | 131,931 | 0.7% | 5 |
| ISHARES TR | [SMLF](https://holderbook.com/stocks/SMLF/) | $5.6M | 95,441 | 0.6% | 16 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $5.5M | 52,622 | 0.6% | 15 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $5.5M | 79,461 | 0.6% | 14 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $4.9M | 75,208 | 0.5% | 5 |
| GOLDMAN SACHS ETF TR | [GCOR](https://holderbook.com/stocks/GCOR/) | $4.4M | 105,319 | 0.5% | 5 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $4.4M | 103,566 | 0.5% | 5 |
| ISHARES TR | [EUSB](https://holderbook.com/stocks/EUSB/) | $4.3M | 99,817 | 0.5% | 10 |
| J P MORGAN EXCHANGE TRADED F | [JMSI](https://holderbook.com/stocks/JMSI/) | $4.3M | 85,355 | 0.5% | 2 |
| GOLDMAN SACHS ETF TR | [GEM](https://holderbook.com/stocks/GEM/) | $4.0M | 131,396 | 0.5% | 16 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $4.0M | 71,431 | 0.5% | 5 |
| NUSHARES ETF TR | [NUSC](https://holderbook.com/stocks/NUSC/) | $3.3M | 83,266 | 0.4% | 10 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $3.1M | 95,923 | 0.3% | 10 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $3.1M | 57,760 | 0.3% | 17 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $2.4M | 48,331 | 0.3% | 5 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $1.8M | 15,347 | 0.2% | 5 |
| AMERICAN CENTY ETF TR | [AVRE](https://holderbook.com/stocks/AVRE/) | $1.5M | 34,611 | 0.2% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.4M | 28,744 | 0.2% | 8 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.3M | 4,656 | 0.1% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.2M | 30,408 | 0.1% | 8 |
| J P MORGAN EXCHANGE TRADED F | [JSCP](https://holderbook.com/stocks/JSCP/) | $1.2M | 24,920 | 0.1% | 8 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $1.2M | 38,771 | 0.1% | 8 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $787.0K | 15,667 | 0.1% | 7 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $645.4K | 7,062 | 0.1% | 10 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $496.2K | 25,136 | 0.1% | 10 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $494.7K | 8,040 | 0.1% | 10 |
| ISHARES TR | [AOM](https://holderbook.com/stocks/AOM/) | $468.1K | 11,277 | 0.1% | 11 |
| ISHARES TR | [AOK](https://holderbook.com/stocks/AOK/) | $311.1K | 8,606 | 0.0% | 3 |
| ISHARES TR | [REET](https://holderbook.com/stocks/REET/) | $303.6K | 12,557 | 0.0% | 5 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $294.2K | 6,194 | 0.0% | 3 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $287.3K | 5,713 | 0.0% | 3 |

## 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 |
|---|---|---|---|---|
| Q4 2023 | +8.7% | +11.2% | -2.4% | 100% |
| Q3 2023 | -3.6% | -3.6% | -0.1% | 100% |
| Q2 2023 | +3.1% | +8.3% | -5.2% | 100% |
| Q1 2023 | +5.0% | +7.0% | -2.0% | 100% |
| Q4 2022 | +7.2% | +7.1% | +0.2% | 100% |
| Q3 2022 | -6.4% | -5.3% | -1.1% | 100% |
| Q2 2022 | -12.5% | -16.5% | +4.0% | 100% |
| Q1 2022 | -5.6% | -4.9% | -0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2023 | $892.4M | 53 |
| Q3 2023 | $774.6M | 53 |
| Q2 2023 | $750.8M | 71 |
| Q1 2023 | $675.2M | 69 |
| Q4 2022 | $654.2M | 68 |
| Q3 2022 | $517.9M | 41 |
| Q2 2022 | $529.5M | 41 |
| Q1 2022 | $555.7M | 40 |
| Q4 2021 | $524.4M | 34 |
| Q3 2021 | $450.4M | 34 |
| Q2 2021 | $377.3M | 24 |
| Q1 2021 | $275.7M | 22 |