Rinet Co 13F annual report
Rinet Co is an investment fund managing more than $530 million ran by Scott Simpson. There are currently 54 companies in Mr. Simpson’s portfolio. The largest investments include Ishares Tr and Schwab Strategic Tr, together worth $406 million.
$530 million Assets Under Management (AUM)
As of 5th November 2021, Rinet Co’s top holding is 2,981,856 shares of Ishares Tr currently worth over $379 million and making up 71.5% of the portfolio value.
In addition, the fund holds 369,393 shares of Schwab Strategic Tr worth $27.3 million.
The third-largest holding is Genuine Parts Co worth $15.9 million and the next is Exxon Mobil worth $13.9 million, with 235,978 shares owned.
Currently, Rinet Co's portfolio is worth at least $530 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Rinet Co
The Rinet Co office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Scott Simpson serves as the Controller/Asst. Compliance Officer at Rinet Co.
Recent trades
In the most recent 13F filing, Rinet Co revealed that it had opened a new position in
Tesla Inc and bought 768 shares worth $596 thousand.
This means they effectively own approximately 0.1% of the company.
Tesla Inc makes up
2.0%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 158.3% in the past year.
The investment fund also strengthened its position in Ishares Tr by buying
60,297 additional shares.
This makes their stake in Ishares Tr total 2,981,856 shares worth $379 million.
On the other hand, there are companies that Rinet Co is getting rid of from its portfolio.
Rinet Co closed its position in Bank New York Mellon Corp on 12th November 2021.
It sold the previously owned 3,993 shares for $205 thousand.
Scott Simpson also disclosed a decreased stake in Facebook Inc by 0.5%.
This leaves the value of the investment at $13.3 million and 39,144 shares.
One of the average hedge funds
The two most similar investment funds to Rinet Co are New England Private Wealth Advisors and Evanson Asset Management. They manage $530 million and $529 million respectively.
Scott Simpson investment strategy
Rinet Co’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 5.7% of
the total portfolio value.
The fund focuses on investments in the United States as
38.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
37% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $476 billion.
The complete list of Rinet Co trades based on 13F SEC filings
These positions were updated on November 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ishares Tr |
2.06%
2,981,856
|
$378,711,000 | 71.50% |
| Schwab Strategic Tr |
9.78%
369,393
|
$27,349,000 | 5.16% |
| Genuine Parts Co. |
No change
130,979
|
$15,879,000 | 3.00% |
| Exxon Mobil Corp. |
0.10%
235,978
|
$13,880,000 | 2.62% |
| Facebook Inc |
49.86%
39,144
|
$13,285,000 | 2.51% |
| Vanguard Intl Equity Index F |
0.76%
193,312
|
$9,668,000 | 1.83% |
| Apple Inc |
0.22%
61,892
|
$8,758,000 | 1.65% |
| American Express Co. |
0.05%
30,648
|
$5,134,000 | 0.97% |
| Spdr Index Shs Fds |
No change
132,751
|
$5,109,000 | 0.96% |
| Amazon.com Inc. |
65.48%
1,491
|
$4,897,000 | 0.92% |
| LHC Group Inc |
No change
28,010
|
$4,395,000 | 0.83% |
| Ameriprise Finl Inc |
0.87%
15,649
|
$4,133,000 | 0.78% |
| Vanguard Specialized Funds |
0.64%
26,033
|
$3,999,000 | 0.76% |
| Spdr Sp 500 Etf Tr |
42.06%
6,167
|
$2,647,000 | 0.50% |
| Alphabet Inc |
28.21%
1,518
|
$4,051,000 | 0.76% |
| Vanguard Index Fds |
0.51%
23,016
|
$5,364,000 | 1.01% |
| Microsoft Corporation |
94.51%
6,944
|
$1,958,000 | 0.37% |
| Vanguard Tax-managed Intl Fd |
9.18%
38,763
|
$1,957,000 | 0.37% |
| Spdr Sp Midcap 400 Etf Tr |
No change
3,225
|
$1,551,000 | 0.29% |
| American Well Corp |
No change
146,659
|
$1,336,000 | 0.25% |
| Vanguard Bd Index Fds |
8.76%
16,251
|
$1,332,000 | 0.25% |
| Salesforce.Com Inc |
7.89%
4,880
|
$1,324,000 | 0.25% |
| Abiomed Inc. |
No change
3,989
|
$1,298,000 | 0.25% |
| H E Equipment Services Inc |
No change
30,406
|
$1,055,000 | 0.20% |
| Visa Inc |
260.70%
3,607
|
$804,000 | 0.15% |
| Tesla Inc |
Opened
768
|
$596,000 | 0.11% |
| Zoom Video Communications In |
Opened
2,260
|
$591,000 | 0.11% |
| Shopify Inc |
49.14%
434
|
$588,000 | 0.11% |
| Waste Connections Inc |
10.67%
4,045
|
$509,000 | 0.10% |
| Bk Of America Corp |
3.01%
11,906
|
$505,000 | 0.10% |
| Vanguard Whitehall Fds |
0.07%
4,348
|
$449,000 | 0.08% |
| Pepsico Inc |
4.81%
2,868
|
$431,000 | 0.08% |
| Jpmorgan Chase Co |
48.62%
2,531
|
$414,000 | 0.08% |
| Bottomline Tech Del Inc |
33.33%
10,000
|
$393,000 | 0.07% |
| Ark Etf Tr |
No change
3,344
|
$370,000 | 0.07% |
| Disney Walt Co |
0.43%
2,108
|
$357,000 | 0.07% |
| Johnson Johnson |
65.88%
2,188
|
$353,000 | 0.07% |
| Cigna Corp. |
0.38%
1,578
|
$316,000 | 0.06% |
| Moderna Inc |
Opened
813
|
$313,000 | 0.06% |
| Ishares Silver Tr |
No change
15,000
|
$308,000 | 0.06% |
| Bny Mellon Etf Trust |
0.45%
9,318
|
$533,000 | 0.10% |
| Boston Properties, Inc. |
0.11%
2,750
|
$298,000 | 0.06% |
| Bristol-Myers Squibb Co. |
4.22%
4,597
|
$272,000 | 0.05% |
| Spdr Gold Tr |
39.13%
1,618
|
$266,000 | 0.05% |
| 3M Co. |
2.15%
1,423
|
$250,000 | 0.05% |
| Ishares Gold Tr |
1.47%
7,098
|
$237,000 | 0.04% |
| Home Depot, Inc. |
Opened
680
|
$223,000 | 0.04% |
| Texas Instrs Inc |
Opened
1,126
|
$216,000 | 0.04% |
| Vanguard Star Fds |
0.54%
3,377
|
$214,000 | 0.04% |
| Lockheed Martin Corp. |
Opened
612
|
$211,000 | 0.04% |
| International Business Machs |
5.01%
1,510
|
$210,000 | 0.04% |
| Bank New York Mellon Corp |
Closed
3,993
|
$205,000 | |
| Vanguard Index Fds |
Opened
700
|
$203,000 | 0.04% |
| Energy Transfer L P |
Closed
16,564
|
$176,000 | |
| VolitionRX Ltd |
No change
25,000
|
$78,000 | 0.01% |
| Blackrock Cap Invt Corp |
2.56%
17,661
|
$68,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 56 holdings | |||
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