Marotta Asset Management
$601M in tracked AUM across 103 positions as of Q2 2026.
iShares MSCI Austria is a bigger position than the Vanguard S&P 500 ETF in Marotta Asset Management's $543M Q1 2026 book — and that inversion is the cleanest way to read this 103-holding portfolio. Roughly 18% sits in a basket of single-country funds — Finland (EFNL), Ireland (EIRL), Denmark (EDEN), Sweden (EWD), the Netherlands (EWN), New Zealand (ENZL) — each held at a near-uniform 1.3–2.1% weight, while VOO gets just 1.2%. The tilts are just as deliberate elsewhere: mid- and small-cap value (VOE 7.4%, VBR 5.9%) top the book, and the emerging-markets sleeve runs ex-China first, with Columbia's XCEM at 6.6% carrying double the weight of the all-country VWO.
The quarter's activity mostly reveals how mechanical the process is. The largest add was a 67% share jump in Fidelity's tech ETF (FTEC, +$5.2M) mirrored by a trim of the near-identical Vanguard VGT, and the same Vanguard-to-Fidelity swap repeats in health care (VHT down 9%, FHLC up 9%) — substitution trades, not changes of view. With zero new positions or exits among the 50 largest holdings and only about 2.3% in individual stocks, this is asset-allocation conviction expressed entirely through other managers' funds.
Quarter at a glance — Q2 2026
Position-change comparison pending.
Top 10 holdings
By portfolio weight as of Q2 2026.