Warren Averett Asset Management, LLC

RIA/Wealth

Warren Averett Asset Management, LLC is a RIA/Wealth based in Birmingham, AL led by Justin Thomas Russell, reporting $16.1B in AUM as of Q3 2025 with 62% ETF concentration.

CEOJustin Thomas Russell

Portfolio Value: $10.0B
Positions: 1,266
Top Holding: IVV at 7.65%
Last Reported: Q3 2025

Address600 University Park Place, Suite 501, Birmingham, AL, 35209, United States

Top Holdings

Largest long holdings in Warren Averett Asset Management, LLC's portfolio (25.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Core S&P 500 ETF IVV	ETF ETF	$763.7M	7.65%	+$24.1M Bought	— 1.1M shares	Q3 2013 Held for 12y 2m
2 Vanguard Growth VUG	ETF ETF	$351.7M	3.52%	+$8.0M Bought	— 733.2K shares	≤ Q2 2013 Held for 12y 5m+
3 Apple AAPL	Consumer Electronics Technology	$247.2M	2.48%	+$17.9M Bought	0.01% 971.0K shares	Q1 2019 Held for 6y 8m
4 Vanguard Dividend Appreciation VIG	Unknown Unknown	$201.2M	2.01%	+$3.2M Bought	— 932.4K shares	Q4 2022 Held for 2y 11m
5 Microsoft MSFT	Software - Infrastructure Technology	$176.1M	1.76%	+$7.1M Bought	0.00% 340.0K shares	≤ Q2 2013 Held for 12y 5m+
6 Nvidia NVDA	Semiconductors Technology	$175.7M	1.76%	+$7.2M Bought	0.00% 941.8K shares	Q3 2017 Held for 8y 2m
7 Invesco FTSE RAFI US 1000 PRF	ETF ETF	$169.9M	1.70%	-$1.1M Sold	— 3.8M shares	Q2 2017 Held for 8y 5m
8 iShares 0-3 Month Treasury Bond SGOV	ETF ETF	$156.2M	1.56%	+$715.9K Bought	— 1.6M shares	Q1 2023 Held for 2y 8m
9 SPIB SPDR Portfolio Intermediate Term Corporate Bond SPIB	ETF ETF	$155.8M	1.56%	+$19.7M Bought	— 4.6M shares	Q1 2024 Held for 1y 8m
10 Avantis U.S. Small Cap Value AVUV	ETF ETF	$123.8M	1.24%	+$6.0M Bought	— 1.2M shares	Q2 2022 Held for 3y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Warren Averett Asset Management, LLC's latest filing

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Market Value

$10.0B

Prior: $9.1B

Q/Q Change

+9.77%

+$888.7M

Net Flows % of MV

+2.98%

Turnover Ratio

3.5%

New Purchases

85 stocks

$51.7M

Added To

683 stocks

+$438.4M

Sold Out Of

47 stocks

$38.4M

Reduced Holdings

394 stocks

-$153.9M

Increased Positions

Position	Shares Δ	Change
1 CGNG Capital Group New Geography Equity CGNG	New	0 → 555.8K +$17.2M
2 FB Financial FBK	New	0 → 76.1K +$4.2M
3 Global X Artificial Intelligence & Technology AIQ	New	0 → 69.1K +$3.4M
4 CEFZ ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN Series B CEFZ	New	0 → 308.2K +$2.5M
5 e.l.f. Beauty ELF	New	0 → 11.2K +$1.5M

Decreased Positions

Position	Shares Δ	Change
1 Ansys ANSS	Sold	29.2K → 0 −$10.3M
2 Blueprint Medicines BPMC	Sold	34.0K → 0 −$4.4M
3 Southern States Bancshares, Inc. SSBK	Sold	102.7K → 0 −$3.7M
4 JPMorgan U.S. Quality Factor JQUA	Sold	42.8K → 0 −$2.6M
5 FXE Invesco CurrencyShares Euro Currency Trust FXE	Sold	18.2K → 0 −$2.0M

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Analytics

Portfolio insights and performance metrics for Warren Averett Asset Management, LLC

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Sector Allocation

ETF

61.60%

Technology

11.10%

Financial Services

5.20%

Industrials

2.90%

Consumer Cyclical

2.80%

Healthcare

2.80%

Consumer Defensive

2.40%

Communication Services

2.20%

Energy

2.00%

Utilities

1.00%

Basic Materials

0.80%

Real Estate

0.60%

Market Cap Distribution

Mega Cap (> $200B)

18.50%

Large Cap ($10B - $200B)

13.08%

Mid Cap ($2B - $10B)

1.39%

Small Cap ($300M - $2B)

0.23%

Micro Cap ($50M - $300M)

0.05%

Nano Cap (< $50M)

0.06%

N/A (ETF or Unknown)

66.69%

Portfolio Concentration

Top 10 Holdings %

25.24%

Top 20 Holdings %

35.03%

Top 50 Holdings %

52.95%

Top 100 Holdings %

67.04%