# Stone Asset Management Inc.

> Institutional holdings reported to the SEC as of Q1 2023 on Form 13F. CIK 1904459. Source: https://holderbook.com/funds/1904459-stone-asset-management-inc/

- Reported value: $62.6M
- Positions: 35
- Weight of the ten largest: 73.8%
- Filed: 2023-04-17

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 | [IWO](https://holderbook.com/stocks/IWO/) | $7.5M | 33,047 | 12.0% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $6.6M | 122,516 | 10.5% | 6 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $6.3M | 29,793 | 10.0% | 6 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $5.5M | 26,898 | 8.8% | 6 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $4.7M | 19,435 | 7.6% | 6 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $4.6M | 30,025 | 7.3% | 6 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $3.5M | 37,631 | 5.6% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $3.3M | 81,931 | 5.3% | 6 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $2.1M | 13,423 | 3.4% | 6 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $2.1M | 13,880 | 3.4% | 6 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $2.0M | 39,767 | 3.2% | 5 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $2.0M | 33,158 | 3.2% | 6 |
| ISHARES TR | [ICF](https://holderbook.com/stocks/ICF/) | $1.9M | 34,026 | 3.0% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.1M | 2,750 | 1.8% | 6 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.1M | 14,842 | 1.7% | 6 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $979.8K | 3,917 | 1.6% | 6 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $701.3K | 8,797 | 1.1% | 6 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $656.6K | 10,023 | 1.0% | 6 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $555.5K | 5,575 | 0.9% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $535.2K | 4,899 | 0.9% | 6 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $524.9K | 13,302 | 0.8% | 6 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $519.1K | 10,856 | 0.8% | 5 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $491.8K | 11,051 | 0.8% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $380.7K | 2,308 | 0.6% | 6 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $338.1K | 2,448 | 0.5% | 4 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $312.9K | 1,446 | 0.5% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $307.8K | 2,980 | 0.5% | 6 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $303.8K | 3,659 | 0.5% | 6 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $295.1K | 1,183 | 0.5% | 6 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $275.6K | 3,615 | 0.4% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $245.0K | 598 | 0.4% | 6 |
| INVESTMENT MANAGERS SER TR I | [CHGXXXXX](https://holderbook.com/stocks/CHGXXXXX/) | $240.7K | 8,337 | 0.4% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $223.1K | 3,492 | 0.4% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $218.2K | 757 | 0.3% | 6 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $202.5K | 1,842 | 0.3% | 5 |

## 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 2023 | +6.0% | +7.0% | -1.0% | 100% |
| Q4 2022 | +6.9% | +7.1% | -0.2% | 100% |
| Q3 2022 | -6.2% | -5.3% | -0.9% | 100% |
| Q2 2022 | -15.0% | -16.5% | +1.4% | 100% |
| Q1 2022 | -6.5% | -4.9% | -1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2023 | $62.6M | 35 |
| Q4 2022 | $161.1M | 43 |
| Q3 2022 | $153.3M | 41 |
| Q2 2022 | $159.1M | 48 |
| Q1 2022 | $179.3M | 46 |
| Q4 2021 | $169.8M | 42 |