First Ascent Asset Management, LLC

CIK

1805758

Location

DENVER, CO

Portfolio Value

Small $891,384,933

Diversification

Diversified

Filing Date

Global Rank

#1,904 / 7,447 ▲ 42 · as of Dec 2023

3Y Alpha vs SPY

-13.5%

Period ended 2 years ago

Filed Feb 5, 2024 · 2y

16 quarters · since Mar 2020

Clone Performance

Sep 2023–Jul 2024 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+14.8%

SPY

+25.9%

Annualised alpha

-13.6%

Max drawdown

−7.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 100% of reported value on average across 3 quarters.First Ascent Asset Management, LLC has stopped filing, so the simulation ends in Jul 2024 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.

Portfolio Concentration

21 tracked positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023

Top Position

23.8%

+0.4 pts

Top 5

77.7%

−0.0 pts

Top 10

95.3%

−0.0 pts

HHI

1,464

Diversified−18

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$891,384,933	21

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

17 positions

Ticker	Company	Δ Shares	Shares	Value
CWI	State Street SPDR MSCI ACWI ex-US ETF	+262,187	2,357,424	$80,976,495
AAXJ	iShares MSCI All Country Asia ex Japan ETF	+195,098	2,622,066	$138,064,068
VCRM	Vanguard Core Tax-Exempt Bond ETF	+151,911	1,576,165	$80,463,223
VXUS	Vanguard Total International Stock ETF	+66,681	1,035,209	$60,000,713
DCOR	Dimensional US Core Equity 1 ETF	+34,474	5,866,037	$180,771,940
VB	Vanguard Morningstar Small-Cap ETF	+29,540	685,931	$212,066,949
BNDX	Vanguard Total International Bond ETF	+25,676	538,573	$26,589,349
BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	+21,673	125,942	$6,259,515
GBIL	Goldman Sachs Access Treasury 0-1 Year ETF	+20,883	683,789	$34,941,334
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	+19,028	245,910	$12,199,574
NCLO	Nuveen AA-BBB CLO ETF	+18,048	83,266	$3,255,700
VXF	Vanguard Extended Market ETF	+14,469	141,092	$23,198,346
ACSG	American Century Small Cap Growth Insights ETF	+11,503	213,456	$12,239,296
AOA	iShares Core 80/20 Aggressive Allocation ETF	+4,843	145,827	$8,870,142
VEU	Vanguard FTSE All-World Ex-US ETF	+1,586	94,987	$7,893,655
VCHY	Vanguard U.S. High-Yield Corporate Bond Index ETF	+365	6,194	$294,153
JA	Janus Henderson AA-A CLO ETF	+352	5,713	$287,363
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
VEA	Vanguard FTSE Developed Markets ETF	−9,579	28,744	$1,376,837
SGOL	abrdn Gold ETF Trust	−2,091	25,136	$496,184
BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	−1,369	7,062	$645,396
BNDW	Vanguard Total World Bond ETF	−477	8,040	$494,701
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

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

21 tracked positions · $891,384,933 total · filing declares 53 positions · $892,414,206 · as of Dec 31, 2023

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VB	Vanguard Morningstar Small-Cap ETF	Added	685,931	+29,540	$212,066,949	+17.1%	23.79%
DCOR	Dimensional US Core Equity 1 ETF	Added	5,866,037	+34,474	$180,771,940	+8.7%	20.28%
AAXJ	iShares MSCI All Country Asia ex Japan ETF	Added	2,622,066	+195,098	$138,064,068	+15.9%	15.49%
CWI	State Street SPDR MSCI ACWI ex-US ETF	Added	2,357,424	+262,187	$80,976,495	+22.2%	9.08%
VCRM	Vanguard Core Tax-Exempt Bond ETF	Added	1,576,165	+151,911	$80,463,223	+17.5%	9.03%
VXUS	Vanguard Total International Stock ETF	Added	1,035,209	+66,681	$60,000,713	+15.8%	6.73%
GBIL	Goldman Sachs Access Treasury 0-1 Year ETF	Added	683,789	+20,883	$34,941,334	+12.8%	3.92%
BNDX	Vanguard Total International Bond ETF	Added	538,573	+25,676	$26,589,349	+8.4%	2.98%
VXF	Vanguard Extended Market ETF	Added	141,092	+14,469	$23,198,346	+27.8%	2.60%
ACSG	American Century Small Cap Growth Insights ETF	Added	213,456	+11,503	$12,239,296	+14.5%	1.37%
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	Added	245,910	+19,028	$12,199,574	+19.8%	1.37%
AOA	iShares Core 80/20 Aggressive Allocation ETF	Added	145,827	+4,843	$8,870,142	+12.3%	1.00%
VEU	Vanguard FTSE All-World Ex-US ETF	Added	94,987	+1,586	$7,893,655	+14.2%	0.89%
BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	Added	125,942	+21,673	$6,259,515	+25.6%	0.70%
NCLO	Nuveen AA-BBB CLO ETF	Added	83,266	+18,048	$3,255,700	+43.4%	0.37%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	28,744	-9,579	$1,376,837	−17.8%	0.15%
BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Reduced	7,062	-1,369	$645,396	−16.6%	0.07%
SGOL	abrdn Gold ETF Trust	Reduced	25,136	-2,091	$496,184	+3.0%	0.06%
BNDW	Vanguard Total World Bond ETF	Reduced	8,040	-477	$494,701	+4.6%	0.06%
VCHY	Vanguard U.S. High-Yield Corporate Bond Index ETF	Added	6,194	+365	$294,153	+6.7%	0.03%
JA	Janus Henderson AA-A CLO ETF	Added	5,713	+352	$287,363	+6.5%	0.03%

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.