Strategic Portfolio Rebalance
Seven Mile Advisory Realigns Portfolio, Significantly Boosting International Holdings and Total Market Exposure
Anonymous
Key Points
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Seven Mile Advisory said Vanguard Total Stock Market ETF (VTI) made up about 4.0% of its holdings and was its 5th-biggest ETF position, worth $23.134 million as of its latest filing (after adding 1,827 shares in the quarter).
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For iShares Core S&P 500 ETF (IVV), the firm reported the position was about 2.6% of its portfolio and its 10th-largest holding, worth $15.384 million at quarter-end after selling 962 shares.
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Seven Mile Advisory’s reduction in iShares S&P 500 Value ETF (IVE) involved selling 3,126 shares during the quarter; the remaining position was valued at $1.145 million in its filing.
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In Vanguard S&P 500 ETF (VOO), the 29.5% cut corresponded to selling 3,591 shares; Seven Mile Advisory reported the remaining stake was worth $5.391 million.
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Seven Mile Advisory described Vanguard FTSE Developed Markets ETF (VEA) as its biggest holding, representing about 5.9% of its portfolio and worth $34.189 million, after buying an additional 14,735 shares to reach 547,293 shares.
Seven Mile Advisory slashed its stake in the Vanguard S&P 500 ETF (VOO) by 29.5% during the fourth quarter, selling 3,591 shares and leaving the firm with 8,597 shares worth $5.39 million, according to Watchlist News. The move is part of a broader portfolio reshuffling that cuts S&P 500 concentration while building up international and total-market exposure.
The firm's biggest bet is now on international stocks. Its Vanguard FTSE Developed Markets ETF (VEA) stake grew to 547,293 shares worth $34.19 million — its single largest holding and 5.9% of the total portfolio.
VOO and IVE Cut While VTI Gets a Boost
Seven Mile didn't just trim VOO. It also cut its iShares Core S&P 500 ETF (IVV) by 4.1% to 22,461 shares, worth $15.38 million. Its iShares S&P 500 Value ETF (IVE) took an even harder hit — down 36.7% after selling 3,126 shares. Only 5,397 shares remain, valued at $1.15 million, according to Watchlist News.
At the same time, the firm added 1,827 shares of the Vanguard Total Stock Market ETF (VTI). That brought its VTI stake to 69,000 shares worth $23.13 million — its fifth-largest holding at 4.0% of the portfolio. VTI tracks the entire U.S. market, including small- and mid-size companies that VOO misses.
International Stocks Now Top Seven Mile's Portfolio
The firm's clearest signal is its move into VEA, which tracks stocks in Europe, Japan, and other developed markets outside the U.S. Seven Mile added 14,735 shares in Q4, pushing its total to 547,293 shares. At $34.19 million, VEA now sits at the top of the firm's holdings, per Ticker Report.
International stocks have traded at lower valuations than U.S. stocks for years. By crowning VEA as its biggest position, Seven Mile appears to be betting that cheaper overseas markets offer better value than a U.S. index still dominated by a handful of large tech companies.
Why a 29.5% VOO Cut Isn't a Bearish Signal
A nearly 30% cut in VOO sounds dramatic. But the firm kept its overall U.S. stock exposure intact by adding VTI shares. VTI holds the same large-cap stocks as VOO but also includes thousands of smaller companies. Selling VOO and buying VTI is a way to spread risk, not exit the market.
Other institutions took the opposite side of the trade during the same quarter, buying the VOO shares Seven Mile sold. Watchlist News noted that offsetting buys and sells by other investors point to routine portfolio rebalancing rather than a single firm fleeing U.S. equities. Seven Mile also added to other Vanguard funds, including the Short-Term Treasury ETF (VGSH), which grew by 16.3% to 345,065 shares.
Seven Mile Keeps Vanguard at the Center, Cools on BlackRock
Even as the firm trimmed VOO, it stayed loyal to Vanguard overall. VEA, VTI, and VOO are all Vanguard products. Meanwhile, its two BlackRock iShares funds — IVV and IVE — both shrank. IVV fell 4.1% and IVE dropped 36.7%, per Ticker Report. That's a quiet but clear preference shift between the two largest ETF providers.
The firm also grew its stake in the Vanguard Value ETF (VTV) by 3.1% to 111,154 shares, and raised its Vanguard Intermediate-Term Corporate Bond ETF (VCIT) position by 42.3% to 29,677 shares. Taken together, the trades show a firm adding breadth and diversification — not pulling back from markets.
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