SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Angeles Investment Advisors, LLC

CIK 0001535695 · 429 SANTA MONICA BLVD, SUITE 650, SANTA MONICA, CA, 90401 · 310-857-5827

Reported Value
$463M
Q3 2019
Positions
102
Filings on Record
30
2019–present window
Filed
Nov 1, 2019
original filing

Summary

Angeles Investment Advisors, LLC reported $463M in U.S.-listed holdings across 102 positions for Q3 2019.

The portfolio is heavily concentrated: Vanguard Group Inc The alone accounts for 43.7% of reported value.

Compared with Q2 2019, the fund opened 22 new positions and exited 15.

Portfolio Metrics

Turnover
+16.9%
vs prior filed quarter
Top-10 Concentration
+84.0%
share of reported value
Largest Position
+43.7%
Vanguard Group Inc The
New / Exited
22 / 15
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $115MQ4 ’18Q1 ’19: $105MQ2 ’19: $407MQ3 ’19: $463MQ4 ’19: $497MQ4 ’19Q1 ’20: $371MQ2 ’20: $706MQ3 ’20: $799MQ4 ’20: $991MQ4 ’20Q1 ’21: $1.3BQ2 ’21: $1.6BQ3 ’21: $1.7BQ4 ’21: $2.0BQ4 ’21Q1 ’22: $1.4BQ2 ’22: $1.1BQ3 ’22: $962MQ4 ’22: $1.2BQ4 ’22Q1 ’23: $1.2BQ2 ’23: $1.2BQ3 ’23: $1.3BQ4 ’23: $1.7BQ4 ’23Q1 ’24: $1.9BQ2 ’24: $2.0BQ3 ’24: $2.0BQ4 ’24: $2.1BQ4 ’24Q1 ’25: $1.9BQ2 ’25: $1.8BQ3 ’25: $1.5BQ4 ’25: $1.5BQ4 ’25Q1 ’26: $1.5Bfilingsflow.com

Portfolio Composition

By security type
ETP: 90.5%Common Stock: 8.8%Other: 0.6%ADR: 0.0%
  • ETP · 90.5% · $420M
  • Common Stock · 8.8% · $41M
  • Other · 0.6% · $3M
  • ADR · 0.0% · $230,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Berkshire Hathaway IncNEW+600600+$2M$2M
Vanguard Group Inc/TheNEW+16.1K16.1K+$1M$1M
MCDMcDonald's CorpNEW+3.3K3.3K+$712,000$712,000
DUTMoody's CorpNEW+2.6K2.6K+$541,000$541,000
BlackRock IncNEW+2.9K2.9K+$461,000$461,000
Accenture PLCNEW+1.8K1.8K+$344,000$344,000
GOOGLAlphabet IncNEW+259259+$316,000$316,000
IDXXIDEXX Laboratories IncNEW+1.1K1.1K+$303,000$303,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Vanguard Group Inc/TheETF77.03%$357M2.00M
2State Street CorpCOM · ETF9.43%$44M324.7K
3BlackRock IncETF1.36%$6M152.2K
4Invesco LtdETF1.15%$5M235.2K
5MSFTMicrosoft CorpCOM0.86%$4M28.8K
6AAPLApple IncCOM0.57%$3M11.8K
7SHWSherwin-Williams Co/TheCOM0.51%$2M4.3K
8COSTCostco Wholesale CorpCOM0.46%$2M7.4K
9CLColgate-Palmolive CoCOM0.45%$2M28.1K
10HDHome Depot Inc/TheCOM0.42%$2M8.4K
11VVisa IncCOM0.41%$2M10.9K
12AMZNAmazon.com IncCOM0.39%$2M1.0K
13BALLBall CorpCOM0.33%$2M21.1K
14DISWalt Disney Co/TheCOM0.31%$1M11.1K
15Berkshire Hathaway IncCOM0.27%$1M400
16MRKMerck & Co IncCOM0.25%$1M13.6K
17BABoeing Co/TheCOM0.22%$1M2.7K
18BDXBecton Dickinson and CoCOM0.20%$918,0003.6K
19EXMOCExxon Mobil CorpCOM0.19%$899,00012.7K
20CSXCSX CorpCOM0.18%$851,00012.3K
21TMOThermo Fisher Scientific IncCOM0.18%$839,0002.9K
22CITCintas CorpCOM0.18%$824,0003.1K
23RSGRepublic Services IncCOM0.17%$789,0009.1K
24PEPPepsiCo IncCOM0.17%$779,0005.7K
25UNPUnion Pacific CorpCOM0.16%$741,0004.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.5B31Apr 28, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.5B27Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.5B30Nov 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.8B31Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.9B30May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.1B195Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.0B217Nov 5, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.0B212Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.9B220May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.7B198Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.3B183Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.2B160Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.2B155May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.2B111Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$962M47Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.1B110Aug 4, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.4B120May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.0B217Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.7B242Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.6B124Aug 3, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.3B115May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$991M109Feb 8, 202113F-HRchanges · EDGAR ↗
Q3 2020$799M101Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$706M102Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$371M145May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$497M111Jan 29, 202013F-HRchanges · EDGAR ↗
Q3 2019$463M102Nov 1, 201913F-HRchanges · EDGAR ↗
Q2 2019$407M69Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$105M45May 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$115M32Feb 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.