ESTATE COUNSELORS LLC
Q1 2022 Form 13-F
THIENSVILLE, WISCONSIN
CIK 0001559832
· CRD 123452
· SEC-registered investment adviser
Holdings reported by
Penserra Capital Management LLC since Q1 2024
Consolidated report · includes
1 manager
since Q2 2024
$769.0M Reported Value Total
THE MILWAUKEE COMPANY reports 208 total accounts under management (AUM). There are 207 discretionary accounts valued at $1,046,111,733, and 1 non-discretionary accounts valued at $520,301.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-09-18
Reported value
$769.0M
Quarter over quarter
-3.7%
Holdings
161
Top-10 concentration
42.0%
Filing Structure
Reports holdings for
- Penserra Capital Management LLC · File #028-17117 · since Q2 2024 · declared by one filing
Holdings reported by
- Penserra Capital Management LLC · since Q1 2024 · declared by one filing
Key People
Form ADV owners & control persons
Satyaki Mitra
CCO
Andrew John Willms
PRESIDENT AND CEO
Linda Willms
TRUSTEE
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q1 2022 13F record
Q1 2022 13F filing summary
| Period of report | March 31, 2022 |
|---|---|
| Filed | May 09, 2022 |
| Form | 13F-HR |
| Reported value | $769.0M |
| Positions | 161 |
| Change in reported value | -6.6% |
| New positions | 14 |
| Exited positions | 19 |
| Position turnover | 18.3% |
| Top-10 concentration | 42.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 7, 2026
|
91 | $1.2B |
|
Q1 2026 13F
Filed May 15, 2026
|
97 | $1.1B |
|
Q4 2025 13F
Filed Feb 2, 2026
|
90 | $1.2B |
|
Q3 2025 13F
Filed Oct 31, 2025
|
89 | $1.2B |
|
Q2 2025 13F
Filed Aug 11, 2025
|
82 | $1.0B |
|
Q1 2025 13F
Filed May 14, 2025
|
91 | $964.7M |
|
Q4 2024 13F
Filed Feb 14, 2025
|
101 | $935.4M |
|
Q3 2024 13F
Filed Nov 12, 2024
|
108 | $965.2M |
|
Q2 2024 13F
Filed Aug 8, 2024
|
112 | $913.1M |
|
Q1 2024 13F
Filed May 14, 2024
|
113 | $873.2M |
|
Q4 2023 13F
Filed Jan 23, 2024
|
118 | $809.8M |
|
Q3 2023 13F
Filed Nov 2, 2023
|
124 | $751.8M |
|
Q2 2023 13F
Filed Jul 31, 2023
|
125 | $789.5M |
|
Q1 2023 13F
Filed May 4, 2023
|
126 | $756.8M |
|
Q4 2022 13F
Filed Feb 8, 2023
|
136 | $715.2M |
|
Q3 2022 13F
Filed Nov 4, 2022
|
173 | $646.4M |
|
Q2 2022 13F
Filed Aug 3, 2022
|
164 | $672.0M |
|
Q1 2022 13F
Filed May 9, 2022
|
161 | $769.0M |
|
Q4 2021 13F
Filed Feb 14, 2022
|
165 | $823.4M |
|
Q3 2021 13F
Filed Nov 3, 2021
|
173 | $799.2M |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2022
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SHV ISHARES TR | $63.9M | 8.31% |
| 2 | BSV VANGUARD BD INDEX FDS | $52.9M | 6.88% |
| 3 | SHY ISHARES TR | $38.9M | 5.06% |
| 4 | RSP INVESCO EXCHANGE TRADED FD T | $31.5M | 4.09% |
| 5 | VTI VANGUARD INDEX FDS | $31.4M | 4.08% |
| 6 | VCSH VANGUARD SCOTTSDALE FDS | $24.9M | 3.23% |
| 7 | TIP ISHARES TR | $24.8M | 3.22% |
| 8 | SHM SPDR SER TR | $18.7M | 2.44% |
| 9 | VFH VANGUARD WORLD FDS | $18.2M | 2.37% |
| 10 | QQQ INVESCO QQQ TR | $17.9M | 2.33% |
| 11 | VTEB VANGUARD MUN BD FDS | $17.7M | 2.3% |
| 12 | VB VANGUARD INDEX FDS | $17.5M | 2.27% |
| 13 | VGSH VANGUARD SCOTTSDALE FDS | $17.4M | 2.26% |
| 14 | XLI SELECT SECTOR SPDR TR | $16.6M | 2.16% |
| 15 | STIP ISHARES TR | $15.8M | 2.05% |
| 16 | MDY SPDR S&P MIDCAP 400 ETF TR | $15.2M | 1.97% |
| 17 | XLV SELECT SECTOR SPDR TR | $14.6M | 1.9% |
| 18 | XLP SELECT SECTOR SPDR TR | $13.6M | 1.77% |
| 19 | NOBL PROSHARES TR | $13.3M | 1.73% |
| 20 | VEU VANGUARD INTL EQUITY INDEX F | $12.0M | 1.56% |
Values as reported on the Q1 2022 Form 13F. Every position is in the holdings table below.