Beacon Pointe Advisors
Latest 13F holdings with ERM3 risk decomposition — how much of the portfolio's return is market beta versus genuine stock-picking, and where the residual risk concentrates.
- Reported AUM
- $21.4B
- Holdings
- 1778
- Top-10 weight
- 21%
- As of
- 2026-06-30
- Filed
- 2026-08-18
Return attribution — beta or stock-picking?
Sum of monthly ERM3 attribution over the trailing 12 months (2025-07-31 → 2026-06-30), modeled subset of holdings. Roughly 6% of the gross return came from stock selection (residual return) — most of the return came from factor exposure, not selection.
Gross
+17.0%
Market
+18.5%
Sector
+1.2%
Subsector
-1.5%
Stock selection
+1.0%
Top holdings
1778 reported positions; top 15 shown. “Stock-specific” is the share of each position's variance not explained by market, sector, or subsector factors.
| # | Holding | Weight | Value | Stock-specific |
|---|---|---|---|---|
| 1 | VOOVANGUARD INDEX FDS | 3.8% | $808M | — |
| 2 | AAPLApple Inc. | 2.9% | $624M | 89% |
| 3 | NVDANVIDIA Corporation | 2.4% | $516M | 47% |
| 4 | IVVISHARES TR | 2.4% | $513M | — |
| 5 | VTIVANGUARD INDEX FDS | 1.7% | $366M | — |
| 6 | BBG000QV… | 1.7% | $361M | — |
| 7 | VTVVANGUARD INDEX FDS | 1.5% | $329M | — |
| 8 | VUGVANGUARD INDEX FDS | 1.5% | $326M | — |
| 9 | MSFTMicrosoft Corporation | 1.5% | $326M | 63% |
| 10 | BBG011DX… | 1.2% | $261M | — |
| 11 | VOVANGUARD INDEX FDS | 1.2% | $254M | — |
| 12 | LIILennox International Inc. | 1.1% | $239M | 50% |
| 13 | BBG000PS… | 1.1% | $230M | — |
| 14 | BBG000Q0… | 1.1% | $228M | — |
| 15 | BBG000BZ… | 1.0% | $221M | — |
34% of reported AUM is in the ERM3 model universe; attribution and risk shares cover that subset. Source: SEC Form 13F-HR, filed 2026-08-18.
How concentrated is this book?
Quarter-end concentration across 31 filings from 2018-12-31 to 2026-06-30, with the latest filing set against this manager's own median.
- Effective N
- 129.2
- median 100.1
- Top 5 weight
- —
- no median
- Top 10 weight
- 20.7%
- median 24.4%
- Weight HHI
- —
- no median
Effective N is inverse-Herfindahl breadth, not a holding count: it falls well below the number of positions when one name dominates, which is the case worth seeing. This book held 1,778 positions at 2026-06-30.
Interrogate this portfolio
Ask the AI risk analyst what changed last quarter, where the concentration risk sits, or how your portfolio overlaps with Beacon Pointe Advisors's.