First Ascent Asset Management, LLC

CIK

1805758

Location

DENVER, CO

Portfolio Value

Small $886,897,389

Diversification

Diversified

Filing Date

Global Rank

#2,010 / 7,461 ▲ 48 · as of Dec 2023

Period ended 2 years ago

Filed Feb 5, 2024 · 2y

16 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 Dec 31, 2023, never from the firm's own description.

Style

Concentrated

The top 10 positions are 95.3% of the book (60%+)

Turnover

Low turnover

5.7% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 13.4 quarters (12+), a floor since 51.8% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 93.2%; sector active share 87.6% against the combined 13F book's sector weights.

Over time 16 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

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

Top Position

23.9%

+0.4 pts

Top 5

77.6%

−0.1 pts

Top 10

95.3%

−0.0 pts

HHI

1,463

Diversified−18

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$886,897,389	53

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	+199,266	1,785,634	$60,729,412
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	+151,911	1,576,165	$80,463,223
VXUS	Vanguard Total International Stock ETF	+66,681	1,035,209	$60,000,713
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	+62,921	571,790	$20,247,083
IUSB	iShares Core Universal USD Bond ETF	+59,340	1,395,540	$64,292,527
DFIC	Dimensional International Core Equity 2 ETF	+42,624	653,239	$16,677,191
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	+34,892	1,457,609	$35,594,811
SUSL	iShares ESG MSCI USA Leaders ETF	+29,161	170,114	$14,354,219
IAGG	iShares Core International Aggregate Bond ETF	+28,045	386,047	$19,225,140
BNDX	Vanguard Total International Bond ETF	+25,676	538,573	$26,589,349
ESGD	iShares ESG Aware MSCI EAFE ETF	+24,652	110,203	$8,324,734
JMSI	JPMorgan Sustainable Municipal Income ETF	+19,112	85,355	$4,312,561
ESGE	iShares Trust	+18,808	95,923	$0
NUSC	Nuveen ESG Small-Cap ETF	+18,048	83,266	$3,255,700
VOO	VANGUARD 500 INDEX FUND	+16,203	261,391	$114,175,588
EUSB	iShares ESG Advanced Universal USD Bond ETF	+15,817	99,817	$4,318,083
—		+14,469	141,092	$23,198,346
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+12,538	375,317	$89,032,698
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	+11,180	131,931	$6,151,942
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	+9,561	252,509	$8,246,943
GSLC	Goldman Sachs ActiveBeta(R) U.S. Large Cap Equity ETF	+6,151	194,565	$18,252,142
ITOT	iShares Core S&P Total U.S. Stock Market ETF	+6,087	52,622	$5,537,413
GEM	Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF	+5,881	131,396	$4,032,543
—		+5,490	79,461	$5,486,782
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	+5,424	75,208	$4,893,032
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
DFNM	Dimensional National Municipal Bond ETF	−37,316	901,027	$43,708,819
VEA	Vanguard FTSE Developed Markets ETF	−9,579	28,744	$1,376,837
DFAC	Dimensional U.S. Core Equity 2 ETF	−5,000	2,750,596	$80,399,921
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−2,770	30,408	$1,249,768
SGOL	abrdn Gold ETF Trust	−2,091	25,136	$496,184
—		−2,004	57,760	$3,072,254
—		−1,369	7,062	$645,396
DFCF	Dimensional Core Fixed Income ETF	−726	103,566	$4,391,198
GCOR	Goldman Sachs Access U.S. Aggregate Bond ETF	−710	105,319	$4,409,706
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	−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

53 tracked positions · $886,897,389 total · filing declares 53 positions · $892,414,206 · as of Dec 31, 2023

Showing 1–50 of 53 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VOO	VANGUARD 500 INDEX FUND	Added	261,391	+16,203	$114,175,588	+18.6%	14	unpriced	12.87%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	375,317	+12,538	$89,032,698	+15.5%	16+	before history	10.04%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Added	1,576,165	+151,911	$80,463,223	+17.5%	16+	before history	9.07%
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	2,750,596	-5,000	$80,399,921	+11.4%	11	unpriced	9.07%
IUSB	iShares Core Universal USD Bond ETF	Added	1,395,540	+59,340	$64,292,527	+10.1%	16+	before history	7.25%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Added	1,785,634	+199,266	$60,729,412	+23.5%	16+	before history	6.85%
VXUS	Vanguard Total International Stock ETF	Added	1,035,209	+66,681	$60,000,713	+15.8%	16+	before history	6.77%
DFNM	Dimensional National Municipal Bond ETF	Reduced	901,027	-37,316	$43,708,819	+0.2%	5	$47.27	4.93%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Added	1,457,609	+34,892	$35,594,811	+11.1%	10	unpriced	4.01%
BNDX	Vanguard Total International Bond ETF	Added	538,573	+25,676	$26,589,349	+8.4%	16+	before history	3.00%
		Added	141,092	+14,469	$23,198,346	+27.8%	14	$152.10	2.62%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Added	571,790	+62,921	$20,247,083	+18.5%	16+	before history	2.28%
IAGG	iShares Core International Aggregate Bond ETF	Added	386,047	+28,045	$19,225,140	+10.1%	16+	before history	2.17%
GSLC	Goldman Sachs ActiveBeta(R) U.S. Large Cap Equity ETF	Added	194,565	+6,151	$18,252,142	+15.0%	16+	before history	2.06%
DFIC	Dimensional International Core Equity 2 ETF	Added	653,239	+42,624	$16,677,191	+17.0%	5	$22.05	1.88%
SUSL	iShares ESG MSCI USA Leaders ETF	Added	170,114	+29,161	$14,354,219	+35.0%	10	unpriced	1.62%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Added	49,223	+799	$8,858,663	+14.7%	8	unpriced	1.00%
ESGD	iShares ESG Aware MSCI EAFE ETF	Added	110,203	+24,652	$8,324,734	+40.8%	10	unpriced	0.94%
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	Added	252,509	+9,561	$8,246,943	+13.0%	16+	before history	0.93%
IXUS	iShares Core MSCI Total International Stock ETF	Added	124,191	+2,620	$8,063,721	+10.6%	15	unpriced	0.91%
AVDV	Avantis International Small Cap Value ETF	Added	107,414	+4,873	$6,712,300	+13.2%	8	$59.75	0.76%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Added	64,579	+4,356	$6,643,887	+18.4%	14	$90.72	0.75%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Added	131,931	+11,180	$6,151,942	+23.5%	5	unpriced	0.69%
SMLF	iShares U.S. Small-Cap Equity Factor ETF	Added	95,441	+4,122	$5,613,839	+18.8%	16+	before history	0.63%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Added	52,622	+6,087	$5,537,413	+26.3%	15	unpriced	0.62%
		Added	79,461	+5,490	$5,486,782	+16.8%	14	$63.42	0.62%
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Added	75,208	+5,424	$4,893,032	+18.3%	5	unpriced	0.55%
GCOR	Goldman Sachs Access U.S. Aggregate Bond ETF	Reduced	105,319	-710	$4,409,706	+4.7%	5	$41.11	0.50%
DFCF	Dimensional Core Fixed Income ETF	Reduced	103,566	-726	$4,391,198	+4.3%	5	$41.47	0.50%
EUSB	iShares ESG Advanced Universal USD Bond ETF	Added	99,817	+15,817	$4,318,083	+25.8%	10	unpriced	0.49%
JMSI	JPMorgan Sustainable Municipal Income ETF	Added	85,355	+19,112	$4,312,561	+35.3%	2	$49.28	0.49%
GEM	Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF	Added	131,396	+5,881	$4,032,543	+12.1%	16+	before history	0.45%
AVEM	Avantis Emerging Markets Equity ETF	Added	71,431	+4,344	$4,027,994	+13.7%	5	$50.09	0.45%
NUSC	Nuveen ESG Small-Cap ETF	Added	83,266	+18,048	$3,255,700	+43.4%	10	$37.89	0.37%
		Reduced	57,760	-2,004	$3,072,254	+4.0%	16+	before history	0.35%
IWS	iShares Russell Mid-Cap Value ETF	Added	15,347	+354	$1,784,702	+14.1%	5	unpriced	0.20%
AVRE	Avantis Real Estate ETF	Added	34,611	+2,286	$1,499,002	+23.4%	5	$40.55	0.17%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	28,744	-9,579	$1,376,837	−17.8%	8	$46.74	0.16%
IJH	iShares Core S&P Mid-Cap ETF	Added	4,656	+86	$1,290,410	+13.2%	5	unpriced	0.15%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	30,408	-2,770	$1,249,768	−3.9%	8	$44.89	0.14%
JSCP	JPMorgan Short Duration Core Plus ETF	Added	24,920	+1,554	$1,160,001	+9.4%	8	$46.59	0.13%
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	Added	38,771	+2,424	$1,154,600	+8.3%	8	unpriced	0.13%
JPST	JPMorgan Ultra-Short Income ETF	Added	15,667	+1,007	$786,953	+7.0%	7	$50.19	0.09%
		Reduced	7,062	-1,369	$645,396	−16.6%	10	$91.51	0.07%
SGOL	abrdn Gold ETF Trust	Reduced	25,136	-2,091	$496,184	+3.0%	10	$17.36	0.06%
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	Reduced	8,040	-477	$494,701	+4.6%	10	$78.27	0.06%
AOM	iShares Core 40/60 Moderate Allocation ETF	Added	11,277	+159	$468,108	+8.2%	11	unpriced	0.05%
		Added	8,606	+1,357	$311,106	+26.4%	3	$34.94	0.04%
REET	iShares Global REIT ETF	Added	12,557	+581	$303,628	+19.8%	5	unpriced	0.03%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Added	6,194	+365	$294,153	+6.7%	3	$47.65	0.03%

Showing the top 50 of 53 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.