Mangham Associates,LLC

CIK

1730480

Location

CHARLOTTESVILLE, VA

Portfolio Value

Micro $51,704,210

Diversification

Highly concentrated

Filing Date

Global Rank

#6,723 / 7,036 ▼ 11 · as of Sep 2023

3Y Alpha vs SPY

-8.4%

Period ended 3 years ago

Filed Oct 16, 2023 · 3y

15 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

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2023, never from the firm's own description.

Style

Concentrated

The top 10 positions are 99.5% of the book (60%+)

Turnover

Low turnover

13.7% over the last four quarters (under 30%)

Horizon

Horizon unknown

The value-weighted holding period is at least 11.8 quarters, but 62.6% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 93.1%; sector active share 87.4% against the combined 13F book's sector weights.

Over time 15 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 backtest

Portfolio Concentration

13 tracked positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023

Top Position

44.1%

+0.5 pts

Top 5

92.8%

+1.5 pts

Top 10

99.5%

+1.6 pts

HHI

3,176

Highly concentrated−8

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$51,704,210	13

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
GLD	Spdr Gold Trust	+19,777	22,865	$3,920,204
VTV	VANGUARD VALUE INDEX FUND	+3,019	59,243	$8,171,386
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	+471	7,591	$570,463
IJR	iShares Core S&P Small-Cap ETF	+84	25,616	$2,416,357
VO	VANGUARD MID-CAP INDEX FUND	+58	1,631	$339,639
VEA	Vanguard FTSE Developed Markets ETF	+54	9,122	$398,813
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
PICK	iShares MSCI Global Metals & Mining Producers ETF	−32,617	35,439	$1,409,054
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	−15,623	187,041	$17,428,480
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	−5,042	14,486	$1,450,628
VOO	VANGUARD 500 INDEX FUND	−3,555	36,337	$14,269,539
SCHH	Schwab U.S. REIT ETF	−2,811	13,313	$236,305
GNR	State Street(R) SPDR(R) S&P(R) Global Natural Resources ETF	−1,148	7,695	$428,765
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	−1,082	8,841	$664,577
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
GLDM	World Gold Trust	37,305	$1,420,947
VOOV	VANGUARD S&P 500 VALUE INDEX FUND	2,734	$425,683
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

13 tracked positions · $51,704,210 total · filing declares 14 positions · $53,938,502 · as of Sep 30, 2023

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Reduced	187,041	-15,623	$17,428,480	−11.3%	15+	before history	33.71%
VOO	VANGUARD 500 INDEX FUND	Reduced	36,337	-3,555	$14,269,539	−12.2%	15+	before history	27.60%
VTV	VANGUARD VALUE INDEX FUND	Added	59,243	+3,019	$8,171,386	+2.3%	6	unpriced	15.80%
GLD	Spdr Gold Trust	Added	22,865	+19,777	$3,920,204	+612.1%	7	$178.31	7.58%
IJR	iShares Core S&P Small-Cap ETF	Added	25,616	+84	$2,416,357	−5.0%	6	unpriced	4.67%
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	Reduced	14,486	-5,042	$1,450,628	−25.5%	10	$101.94	2.81%
PICK	iShares MSCI Global Metals & Mining Producers ETF	Reduced	35,439	-32,617	$1,409,054	−48.8%	6	$39.62	2.73%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Reduced	8,841	-1,082	$664,577	−11.4%	15+	before history	1.29%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	Added	7,591	+471	$570,463	+5.9%	6	$76.56	1.10%
GNR	State Street(R) SPDR(R) S&P(R) Global Natural Resources ETF	Reduced	7,695	-1,148	$428,765	−10.1%	7	unpriced	0.83%
VEA	Vanguard FTSE Developed Markets ETF	Added	9,122	+54	$398,813	−4.8%	6	$44.42	0.77%
VO	VANGUARD MID-CAP INDEX FUND	Added	1,631	+58	$339,639	−1.9%	6	unpriced	0.66%
SCHH	Schwab U.S. REIT ETF	Reduced	13,313	-2,811	$236,305	−25.0%	7	unpriced	0.46%

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.