RIVER & MERCANTILE LLC
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Oct 2026 to Nov 2026 | $189,000,000 | Individuals and high net worth (78%) |
| May 2026 to Sep 2026 | $187,000,000 | Individuals and high net worth (78%) |
| Dec 2025 to Apr 2026 | $36,000,000 | Pooled investment vehicles (100%) |
| Apr 2025 to Sep 2025 | $33,000,000 | Pooled investment vehicles (100%) |
| Oct 2024 to Mar 2025 | $6,745,000,000 | Pension and profit sharing plans (58%) |
| Oct 2023 to Sep 2024 | $6,505,000,000 | Pension and profit sharing plans (61%) |
In the firm's words
- Index / passive:
we rotate from one set of indices to another as the macroeconomic environment changes.
- Quantitative / systematic:
This construction is done utilizing tools based on Modern Portfolio Theory as well as scenario-based risk analysis.
- Growth:
specific Growth Equity Investment Strategies for managing a defined portion of a client’s portfolio.
- Multi-asset:
construct, manage and monitor diversified investment programs across asset classes.
- Wealth management / planning:
designed to address the overall portfolio needs of each client based on the client’s specific objectives
Portfolio style
Measured from the filed 13F common-share book for Dec 31, 2024, never from the firm's own description.
Closest benchmark: every 13F filer's combined book, active share 92.9%; sector active share 87.4% against the combined 13F book's sector weights.
Over time 20 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
25 tracked positions · as of Dec 31, 2024 · Δ vs Sep 30, 2024Portfolio Trend
Sector Breakdown
As of Dec 31, 2024| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 100.0% | $332,211,432 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SCHB | Schwab U.S. Broad Market ETF | +1,742,994 | 2,625,342 | $59,595,263 | |
| IGLB | iShares 10+ Year Investment Grade Corporate Bond ETF | +207,321 | 423,701 | $20,930,829 | |
| VEA | Vanguard FTSE Developed Markets ETF | +10,378 | 240,338 | $11,492,963 | |
| IFGL | iShares International Developed Real Estate ETF | +8,649 | 58,015 | $1,119,689 | |
| IDV | iShares International Select Dividend ETF | +5,483 | 267,395 | $7,321,275 | |
| BND | VANGUARD TOTAL BOND MARKET INDEX FUND | +4,780 | 88,244 | $6,345,626 | |
| IXUS | iShares Core MSCI Total International Stock ETF | +3,494 | 76,593 | $5,065,861 | |
| VNQ | VANGUARD REAL ESTATE INDEX FUND | +2,238 | 64,137 | $5,713,323 | |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | +1,545 | 20,759 | $2,217,891 | |
| IYR | iShares U.S. Real Estate ETF | +1,457 | 15,878 | $1,477,606 | |
| FPE | First Trust Preferred Securities and Income ETF | +200 | 200,435 | $3,547,699 | |
| JNK | State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | +177 | 26,483 | $2,528,332 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| — | −117,424 | 285,688 | $21,363,748 | ||
| CORP | PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund | −8,719 | 133,817 | $12,725,996 | |
| VTI | VANGUARD TOTAL STOCK MARKET INDEX FUND | −5,721 | 484,671 | $140,462,502 | |
| VGIT | VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND | −1,599 | 104,602 | $6,066,916 | |
| VYM | VANGUARD HIGH DIVIDEND YIELD INDEX FUND | −1,217 | 62,304 | $7,949,367 | |
| FBND | Fidelity Total Bond ETF | −1,082 | 46,645 | $2,092,961 | |
| EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | −639 | 28,206 | $2,511,462 | |
| QUAL | iShares MSCI USA Quality Factor ETF | −235 | 13,315 | $2,371,135 | |
| IWV | iShares Russell 3000 ETF | −224 | 3,318 | $1,109,041 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterSold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VTI |
VANGUARD TOTAL STOCK MARKET INDEX FUND
|
Reduced | 484,671 | $140,462,502 | 42.28% | |
| SCHB |
Schwab U.S. Broad Market ETF
|
Added | 2,625,342 | $59,595,263 | 17.94% | |
|
|
Reduced | 285,688 | $21,363,748 | 6.43% | ||
| IGLB |
iShares 10+ Year Investment Grade Corporate Bond ETF
|
Added | 423,701 | $20,930,829 | 6.30% | |
| CORP |
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
|
Reduced | 133,817 | $12,725,996 | 3.83% | |
| VEA |
Vanguard FTSE Developed Markets ETF
|
Added | 240,338 | $11,492,963 | 3.46% | |
| VYM |
VANGUARD HIGH DIVIDEND YIELD INDEX FUND
|
Reduced | 62,304 | $7,949,367 | 2.39% | |
| IDV |
iShares International Select Dividend ETF
|
Added | 267,395 | $7,321,275 | 2.20% | |
| BND |
VANGUARD TOTAL BOND MARKET INDEX FUND
|
Added | 88,244 | $6,345,626 | 1.91% | |
| VGIT |
VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND
|
Reduced | 104,602 | $6,066,916 | 1.83% | |
| VNQ |
VANGUARD REAL ESTATE INDEX FUND
|
Added | 64,137 | $5,713,323 | 1.72% | |
| IXUS |
iShares Core MSCI Total International Stock ETF
|
Added | 76,593 | $5,065,861 | 1.52% | |
| FPE |
First Trust Preferred Securities and Income ETF
|
Added | 200,435 | $3,547,699 | 1.07% | |
| IUSB |
iShares Core Universal USD Bond ETF
|
Held | 73,010 | $3,300,052 | 0.99% | |
| VWO |
VANGUARD EMERGING MARKETS STOCK INDEX FUND
|
Held | 68,380 | $3,011,455 | 0.91% | |
| JNK |
State Street(R) SPDR(R) Bloomberg High Yield Bond ETF
|
Added | 26,483 | $2,528,332 | 0.76% | |
| EMB |
iShares J.P. Morgan USD Emerging Markets Bond ETF
|
Reduced | 28,206 | $2,511,462 | 0.76% | |
| QUAL |
iShares MSCI USA Quality Factor ETF
|
Reduced | 13,315 | $2,371,135 | 0.71% | |
| LQD |
iShares iBoxx $ Investment Grade Corporate Bond ETF
|
Added | 20,759 | $2,217,891 | 0.67% | |
| FBND |
Fidelity Total Bond ETF
|
Reduced | 46,645 | $2,092,961 | 0.63% | |
| IYR |
iShares U.S. Real Estate ETF
|
Added | 15,878 | $1,477,606 | 0.44% | |
| AGG |
iShares Core U.S. Aggregate Bond ETF
|
Held | 14,473 | $1,402,433 | 0.42% | |
| IFGL |
iShares International Developed Real Estate ETF
|
Added | 58,015 | $1,119,689 | 0.34% | |
| IWV |
iShares Russell 3000 ETF
|
Reduced | 3,318 | $1,109,041 | 0.33% | |
| SHV |
iShares 0-1 Year Treasury Bond ETF
|
Held | 4,432 | $488,007 | 0.15% |
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.