Aperio Group, LLC
Registered adviserCIK
1364615
Location
SAUSALITO, CA
Portfolio Value
Large
$31,758,451,613
Diversification
Diversified
Reports for
MORGAN STANLEY SMITH BARNEY LLC
Filing Date
Global Rank
#148
/ 6,028
▼ 3
· as of Dec 2020
Top Industry
Consumer Electronics
6.6%
Period ended 5 years ago
Filed Feb 5, 2021 · 5y
4 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Regulatory AUM
$152,125,253,086
Main clients
Individuals and high net worth
(65% of AUM)
Private funds
0 funds
$0 gross assets
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $152,125,253,086 | Individuals and high net worth (65%) |
| Apr 2025 to Mar 2026 | $111,408,313,810 | Individuals and high net worth (62%) |
| Apr 2024 to Mar 2025 | $80,212,688,341 | Individuals and high net worth (59%) |
| May 2023 to Mar 2024 | $54,545,912,619 | Individuals and high net worth (64%) |
| Apr 2023 | $54,545,912,619 | Individuals and high net worth (64%) |
| Apr 2022 to Mar 2023 | $54,129,271,253 | Individuals and high net worth (62%) |
3 earlier changes not shown.
Portfolio style
Measured from the filed 13F common-share book for Dec 31, 2020, never from the firm's own description.
Style
Diversified active
Top 10 weight 24.0%, 92.1 effective positions, active share 22.0% against the Russell 1000 as of 2020-12-31; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Turnover unknown
It needs four straight quarters of measured turnover
Horizon
Horizon unknown
The value-weighted holding period is at least 4.0 quarters, but 98.8% of the book was already held when coverage starts
Closest benchmark: the Russell 1000 as of 2020-12-31, active share 22.0%; sector active share 8.6% against the combined 13F book's sector weights.
Over time 4 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
2,266 tracked positions · as of Dec 31, 2020 · Δ vs Sep 30, 2020Top Position
6.3%
+0.0 pts
Top 5
18.6%
−0.6 pts
Top 10
24.0%
−0.8 pts
HHI
109
Diversified−7
Portfolio Trend
4 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2020| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 25.9% | $8,238,713,794 |
| Financial Services | 13.7% | $4,351,201,209 |
| Healthcare | 13.3% | $4,214,959,800 |
| Consumer Cyclical | 11.9% | $3,794,433,722 |
| Communication Services | 9.5% | $3,003,597,604 |
| Industrials | 8.1% | $2,564,699,131 |
| Consumer Defensive | 7.8% | $2,475,774,933 |
| Basic Materials | 2.9% | $915,044,853 |
| Utilities | 2.7% | $847,001,594 |
| Real Estate | 2.5% | $807,308,615 |
| Energy | 1.5% | $491,909,034 |
| Unclassified | 0.2% | $53,807,324 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| MFG | Mizuho Financial Group Inc | +2,105,661 | 2,638,468 | $6,728,093 | |
| NEE | Nextera Energy Inc | +1,893,570 | 2,527,635 | $195,007,039 | |
| UL | Unilever PLC | +868,590 | 995,284 | $60,135,501 | |
| CIG | Energy Co Of Minas Gerais | +674,502 | 3,309,265 | $9,531,000 | |
| BBVA | Banco Bilbao Vizcaya Argentaria, S.A. | +505,074 | 2,272,632 | $11,226,802 | |
| GE | General Electric Co | +413,865 | 2,428,319 | $26,225,866 | |
| HSBC | Hsbc Holdings PLC | +226,372 | 1,091,983 | $28,293,279 | |
| SCHW | Schwab Charles Corp | +213,419 | 812,290 | $43,083,860 | |
| MS | Morgan Stanley | +207,505 | 1,196,211 | $81,976,339 | |
| NTES | NetEase, Inc. | +207,147 | 260,485 | $24,946,648 | |
| TME | Tencent Music Entertainment Group | +186,583 | 281,577 | $5,417,541 | |
| MDLZ | Mondelez International, Inc. | +181,157 | 1,296,241 | $75,791,211 | |
| HAL | Halliburton Co | +175,595 | 783,822 | $14,814,235 | |
| FLO | Flowers Foods Inc | +165,233 | 861,371 | $19,492,825 | |
| — | +160,961 | 862,677 | $0 | ||
| MKC | Mccormick & Co Inc | +154,020 | 314,047 | $30,022,892 | |
| KDP | Keurig Dr Pepper Inc. | +153,497 | 525,527 | $16,816,864 | |
| TKC | Turkcell Iletisim Hizmetleri A S | +143,786 | 1,035,059 | $5,578,968 | |
| — | +143,497 | 686,858 | $0 | ||
| KEP | Korea Electric Power Corp | +141,624 | 962,421 | $11,808,905 | |
| LYG | Lloyds Banking Group plc | +140,273 | 2,797,155 | $5,482,423 | |
| — | +136,605 | 427,839 | $0 | ||
| BNS | Bank Of Nova Scotia | +135,484 | 649,832 | $35,116,921 | |
| TS | Tenaris SA | +134,305 | 488,044 | $7,784,301 | |
| MUR | Murphy Oil Corp | +131,209 | 394,744 | $4,776,401 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BBD | Bank Bradesco | −1,129,303 | 2,176,070 | $11,446,128 | |
| ABEV | Ambev S.A. | −935,347 | 1,497,748 | $4,583,108 | |
| T | At&T Inc. | −890,223 | 3,077,430 | $88,507,072 | |
| NOK | Nokia Corp | −615,839 | 2,544,944 | $9,950,731 | |
| UMC | United Microelectronics Corp | −554,865 | 7,564,315 | $63,767,175 | |
| RIG | Transocean Ltd. | −397,020 | 250,951 | $579,696 | |
| — | −325,141 | 531,545 | $0 | ||
| KR | Kroger Co | −272,510 | 1,287,584 | $40,893,666 | |
| SAN | Banco Santander, S.A. | −258,900 | 2,460,422 | $7,504,287 | |
| EQH | Equitable Holdings, Inc. | −241,505 | 491,095 | $12,567,120 | |
| SNDR | Schneider National, Inc. | −226,572 | 430,598 | $8,913,378 | |
| INTC | Intel Corp | −217,535 | 3,782,039 | $188,421,182 | |
| ITUB | Itau Unibanco Holding S.A. | −202,246 | 347,617 | $2,117,009 | |
| — | −196,156 | 302,711 | $4,928,000 | ||
| GEN | Gen Digital Inc. | −192,481 | 522,949 | $10,866,879 | |
| SKM | Sk Telecom Co Ltd | −190,282 | 1,547,174 | $37,874,829 | |
| HTT | High Templar Tech Ltd | −186,112 | 37,499 | $51,748 | |
| FTI | TechnipFMC plc | −181,596 | 424,686 | $3,992,021 | |
| WFC | Wells Fargo & Company | −177,204 | 1,033,246 | $31,183,363 | |
| CUK | CARNIVAL PLC | −164,711 | 357,330 | $6,696,000 | |
| WERN | Werner Enterprises Inc | −163,488 | 621,195 | $24,363,267 | |
| SU | Suncor Energy Inc | −159,218 | 256,805 | $4,309,187 | |
| MUFG | Mitsubishi Ufj Financial Group Inc | −157,446 | 4,880,270 | $21,619,596 | |
| GSK | GSK plc | −155,976 | 732,940 | $26,454,325 | |
| CTL | Lumen Technologies, Inc. | −152,596 | 492,929 | $0 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| VTRS | Viatris Inc | 914,869 | $17,144,645 | |
| TIMB | Tim S.A. | 421,297 | $5,864,454 | |
| CNXC | Concentrix Corp | 51,604 | $5,093,314 | |
| PRG | PROG Holdings, Inc. | 83,874 | $4,518,292 | |
| VNT | Vontier Corp | 121,053 | $4,043,169 | |
| PCG | PG&E Corp | 171,625 | $2,138,446 | |
| OPY | Oppenheimer Holdings Inc | 20,820 | $654,372 | |
| XPEV | Xpeng Inc. | 15,142 | $648,531 | |
| APPN | Appian Corp | 3,858 | $625,343 | |
| SRRK | Scholar Rock Holding Corp | 12,759 | $619,194 | |
| XLK | State Street(R) Technology Select Sector SPDR(R) ETF | 4,500 | $585,090 | |
| SNOW | Snowflake Inc. | 1,956 | $550,418 | |
| CSR | Centerspace | 6,724 | $474,983 | |
| INSP | Inspire Medical Systems, Inc. | 2,460 | $462,701 | |
| CDLX | Cardlytics, Inc. | 3,190 | $455,436 | |
| RGNX | REGENXBIO Inc. | 9,938 | $450,787 | |
| JMIA | Jumia Technologies AG | 10,984 | $443,204 | |
| TVTX | Travere Therapeutics, Inc. | 15,981 | $435,562 | |
| CRSP | CRISPR Therapeutics AG | 2,838 | $434,526 | |
| FTDR | Frontdoor, Inc. | 8,603 | $431,956 | |
| CTS | Cts Corp | 12,498 | $429,056 | |
| COHU | Cohu Inc | 9,903 | $378,096 | |
| LRN | Stride, Inc. | 16,557 | $351,505 | |
| CTBI | Community Trust Bancorp Inc | 9,019 | $334,153 | |
| BOC | BOSTON OMAHA Corp | 11,813 | $326,629 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GLIBA | Liberty Capital Corp | 87,140 | $7,142,000 | |
| HCM | HUTCHMED (China) Ltd | 25,854 | $835,084 | |
| HRTG | Heritage Insurance Holdings, Inc. | 42,639 | $431,506 | |
| PAHC | Phibro Animal Health Corp | 20,072 | $349,252 | |
| GCO | Genesco Inc | 10,902 | $234,829 | |
| COLL | Collegium Pharmaceutical, Inc | 10,497 | $218,547 | |
| GOSS | Gossamer Bio, Inc. | 16,519 | $205,000 | |
| ATEX | Anterix Inc. | 6,235 | $203,946 | |
| TG | Tredegar Corp | 12,318 | $183,168 | |
| — | 10,910 | $170,959 | ||
| FENG | Phoenix New Media Ltd | 130,970 | $161,093 | |
| LX | LexinFintech Holdings Ltd. | 21,253 | $145,583 | |
| WVE | Wave Life Sciences, Inc. | 13,491 | $114,538 | |
| BTU | Peabody Energy Corp | 31,958 | $73,503 | |
| MERC | Mercer International Inc. | 10,864 | $71,702 | |
| DBVT | DBV Technologies S.A. | 37,260 | $64,459 | |
| EZPW | Ezcorp Inc | 11,422 | $57,452 | |
| NAK | Northern Dynasty Minerals Ltd | 12,121 | $11,878 | |
| — | 49,236 | $0 | ||
| — | 33,002 | $0 | ||
| — | 3,988 | $0 | ||
| — | 46,151 | $0 | ||
| — | 415,561 | $0 | ||
| — | 552,365 | $0 | ||
| — | 17,934 | $0 | ||
| No positions match the current search. | ||||
2,266 tracked positions ·
$31,758,451,613 total
· filing declares
3,227 positions · $33,791,960,000
· as of Dec 31, 2020
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 2,266 positions by value
· page 1 of 46
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AAPL |
Apple Inc.
Technology
|
Added | 15,027,461 | $1,993,993,799 | 6.28% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 6,514,923 | $1,449,049,173 | 4.56% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 337,540 | $1,099,344,151 | 3.46% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 347,511 | $609,061,678 | 1.92% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 1,819,340 | $496,970,913 | 1.56% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 2,383,648 | $375,138,522 | 1.18% | |
| V |
Visa Inc.
Financial Services
|
Added | 1,631,899 | $356,945,267 | 1.12% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 3,108,187 | $338,916,710 | 1.07% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 462,507 | $326,377,268 | 1.03% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 873,394 | $306,281,807 | 0.96% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 2,303,565 | $292,714,004 | 0.92% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Added | 2,014,900 | $280,353,185 | 0.88% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 1,050,401 | $279,007,513 | 0.88% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 525,942 | $274,646,911 | 0.86% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 746,085 | $266,307,579 | 0.84% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 1,845,088 | $265,969,434 | 0.84% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Added | 151,274 | $265,014,000 | 0.83% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 1,335,157 | $241,903,745 | 0.76% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 1,018,134 | $236,074,730 | 0.74% | |
| ADBE |
Adobe Inc.
Technology
|
Added | 470,860 | $235,486,503 | 0.74% | |
| PYPL |
PayPal Holdings, Inc.
Financial Services
|
Added | 937,324 | $219,521,280 | 0.69% | |
| ACN |
Accenture plc
Technology
|
Added | 835,878 | $218,339,691 | 0.69% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Reduced | 3,649,522 | $214,409,416 | 0.68% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Added | 456,946 | $212,836,307 | 0.67% | |
| NEE |
Nextera Energy Inc
Utilities
|
Added | 2,527,635 | $195,007,039 | 0.61% | |
| CMCSA |
Comcast Corp
Communication Services
|
Reduced | 3,669,326 | $192,272,864 | 0.61% | |
| INTC |
Intel Corp
Technology
|
Reduced | 3,782,039 | $188,421,182 | 0.59% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Reduced | 2,284,334 | $186,858,437 | 0.59% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 1,237,308 | $183,492,775 | 0.58% | |
| NKE |
NIKE, Inc.
Consumer Cyclical
|
Added | 1,263,427 | $178,737,016 | 0.56% | |
| NFLX |
Netflix Inc
Communication Services
|
Added | 314,316 | $169,960,090 | 0.54% | |
| TXN |
Texas Instruments Inc
Technology
|
Reduced | 1,026,167 | $168,424,788 | 0.53% | |
| ABT |
Abbott Laboratories
Healthcare
|
Added | 1,534,563 | $168,019,302 | 0.53% | |
| BAC |
Bank Of America Corp
Financial Services
|
Added | 5,371,065 | $162,796,979 | 0.51% | |
| COST |
Costco Wholesale Corp
Consumer Defensive
|
Reduced | 422,391 | $159,148,480 | 0.50% | |
| DHR |
Danaher Corp
Healthcare
|
Added | 716,070 | $159,067,770 | 0.50% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 3,552,224 | $158,962,023 | 0.50% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 1,407,649 | $150,829,590 | 0.47% | |
| BABA |
Alibaba Group Holding Ltd
Consumer Cyclical
|
Added | 630,929 | $146,836,106 | 0.46% | |
| PFE |
Pfizer Inc
Healthcare
|
Reduced | 3,916,862 | $144,179,690 | 0.45% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Added | 643,322 | $138,044,034 | 0.43% | |
| CRM |
Salesforce, Inc.
Technology
|
Added | 593,314 | $132,030,164 | 0.42% | |
| HON |
Honeywell International Inc
Industrials
|
Reduced | 613,778 | $130,550,596 | 0.41% | |
| ORCL |
Oracle Corp
Technology
|
Added | 1,950,927 | $126,205,467 | 0.40% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 746,049 | $125,962,912 | 0.40% | |
| AMGN |
Amgen Inc
Healthcare
|
Reduced | 547,545 | $125,891,545 | 0.40% | |
| TGT |
Target Corp
Consumer Defensive
|
Reduced | 708,087 | $124,998,597 | 0.39% | |
| QCOM |
Qualcomm Inc
Technology
|
Added | 820,439 | $124,985,677 | 0.39% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 2,219,692 | $121,727,908 | 0.38% | |
| UNP |
Union Pacific Corp
Industrials
|
Added | 571,910 | $119,083,099 | 0.37% |
Showing the top 50 of 2,266 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.