SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Angeles Investment Advisors, LLC

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

Reported Value
$706M
Q2 2020
Positions
102
Filings on Record
30
2019–present window
Filed
Aug 13, 2020
original filing

Summary

Angeles Investment Advisors, LLC reported $706M in U.S.-listed holdings across 102 positions for Q2 2020.

The portfolio is heavily concentrated: Blackrock alone accounts for 51.0% of reported value.

Compared with Q1 2020, the fund opened 25 new positions and exited 13.

Portfolio Metrics

Turnover
+25.5%
vs prior filed quarter
Top-10 Concentration
+88.0%
share of reported value
Largest Position
+51.0%
Blackrock
New / Exited
25 / 13
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: 92.9%Common Stock: 6.4%ADR: 0.4%Other: 0.3%REIT: 0.1%
  • ETP · 92.9% · $656M
  • Common Stock · 6.4% · $45M
  • ADR · 0.4% · $3M
  • Other · 0.3% · $2M
  • REIT · 0.1% · $503,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Vanguard Group Inc/TheNEW+262.0K262.0K+$30M$30M
Vanguard Group Inc/TheNEW+276.5K276.5K+$23M$23M
SSGANEW+675.0K675.0K+$19M$19M
Aon PLCNEW+14.6K14.6K+$2M$2M
CRMSALESFORCE.COMNEW+2.6K2.6K+$493,000$493,000
TCEHYTENCENT HOLDINGS LTDNEW+5.0K5.0K+$320,000$320,000
BlackRock IncNEW+5.1K5.1K+$313,000$313,000
BlackRock IncNEW+12.1K12.1K+$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 — Q2 2020

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BlackRock IncETF64.15%$453M3.07M
2Vanguard Group Inc/TheETF · COM22.38%$158M1.22M
3SSGAETF2.74%$19M685.9K
4State Street CorpETF2.32%$16M273.2K
5MSFTMicrosoft CorpCOM0.87%$6M30.3K
6Invesco LtdCOM0.87%$6M286.1K
7AAPLApple IncCOM0.52%$4M10.1K
8AMZNAmazon.com IncCOM0.39%$3M1.0K
9CLColgate-Palmolive CoCOM0.29%$2M28.1K
10HDHome Depot Inc/TheCOM0.29%$2M8.2K
11SHWSherwin-Williams Co/TheCOM0.27%$2M3.3K
12Aon PLCCOM0.22%$2M14.6K
13COSTCostco Wholesale CorpCOM0.22%$2M5.0K
14VVisa IncCOM0.20%$1M7.3K
15TMOThermo Fisher Scientific IncCOM0.18%$1M3.5K
16MRKMerck & Co IncCOM0.15%$1M14.2K
17BALLBall CorpCOM0.14%$983,00014.1K
18INTCIntel CorpCOM0.13%$949,00015.9K
19PEPPepsiCo IncCOM0.13%$906,0006.8K
20ISRGIntuitive Surgical IncCOM0.12%$855,0001.5K
21JNJJohnson & JohnsonCOM0.12%$840,0006.0K
22METAFacebook IncCOM0.10%$703,0003.1K
23DUTMoody's CorpCOM0.10%$688,0002.5K
24UNPUnion Pacific CorpCOM0.10%$676,0004.0K
25ADBEADOBE (NAS)COM0.09%$660,0001.5K
26NESTLE SA, CHAM UND VEVEYCOM0.09%$657,0005.9K
27ZTSZOETIS ACOM0.09%$646,0004.7K
28NKENIKE 'B'COM0.08%$597,0006.1K
29MAMastercard IncCOM0.08%$584,0002.0K
30DISWalt Disney Co/TheCOM0.08%$570,0005.1K
31Accenture PLCCOM0.08%$566,0002.6K

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 ↗.