Equity Investment Corp 13F annual report
Equity Investment Corp is an investment fund managing more than $3.56 trillion ran by Phillip Lorren. There are currently 59 companies in Mr. Lorren’s portfolio. The largest investments include Verizon Communications Inc and Att Inc, together worth $272 billion.
$3.56 trillion Assets Under Management (AUM)
As of 1st February 2024, Equity Investment Corp’s top holding is 3,677,421 shares of Verizon Communications Inc currently worth over $139 billion and making up 3.9% of the portfolio value.
Relative to the number of outstanding shares of Verizon Communications Inc, Equity Investment Corp owns more than approximately 0.1% of the company.
In addition, the fund holds 7,975,366 shares of Att Inc worth $134 billion.
The third-largest holding is Ishares Tr worth $129 billion and the next is Wells Fargo Co New worth $126 billion, with 2,566,472 shares owned.
Currently, Equity Investment Corp's portfolio is worth at least $3.56 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Equity Investment Corp
The Equity Investment Corp office and employees reside in Atlanta, Georgia. According to the last 13-F report filed with the SEC, Phillip Lorren serves as the Chief Compliance Officer at Equity Investment Corp.
Recent trades
In the most recent 13F filing, Equity Investment Corp revealed that it had opened a new position in
Ishares Tr and bought 1,289,424 shares worth $129 billion.
The investment fund also strengthened its position in Verizon Communications Inc by buying
1,489,203 additional shares.
This makes their stake in Verizon Communications Inc total 3,677,421 shares worth $139 billion.
Verizon Communications Inc dropped 0.2% in the past year.
On the other hand, there are companies that Equity Investment Corp is getting rid of from its portfolio.
Equity Investment Corp closed its position in Netflix on 8th February 2024.
It sold the previously owned 335,107 shares for $78.9 million.
Phillip Lorren also disclosed a decreased stake in TotalEnergies SE by 0.2%.
This leaves the value of the investment at $101 billion and 1,501,206 shares.
One of the largest hedge funds
The two most similar investment funds to Equity Investment Corp are Simplicity Solutions and Catalyst Capital Advisors. They manage $3.56 trillion and $3.55 trillion respectively.
Phillip Lorren investment strategy
Equity Investment Corp’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Finance — making up 9.7% of
the total portfolio value.
The fund focuses on investments in the United States as
40.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
41% of the total holdings value.
On the other hand, small-cap stocks make up only 1.7% of the portfolio.
The average market cap of the portfolio companies is close to $78.7 billion.
The complete list of Equity Investment Corp trades based on 13F SEC filings
These positions were updated on February 8th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Verizon Communications Inc |
68.06%
3,677,421
|
$138,638,769,000 | 3.89% |
| Att Inc |
22.66%
7,975,366
|
$133,826,641,000 | 3.76% |
| Ishares Tr |
Opened
1,289,424
|
$129,290,576,000 | 3.63% |
| Wells Fargo Co New |
15.06%
2,566,472
|
$126,321,733,000 | 3.55% |
| GSK Plc |
23.95%
3,243,259
|
$120,195,186,000 | 3.38% |
| Hartford Finl Svcs Group Inc |
6.15%
1,387,869
|
$111,556,910,000 | 3.13% |
| Medtronic Plc |
Opened
1,341,079
|
$110,478,110,000 | 3.10% |
| Kenvue Inc |
Opened
5,078,870
|
$109,348,063,000 | 3.07% |
| Williams Cos Inc |
8.91%
3,103,317
|
$108,088,521,000 | 3.04% |
| Us Bancorp Del |
29.01%
2,409,683
|
$104,291,083,000 | 2.93% |
| Pnc Finl Svcs Group Inc |
39.47%
660,344
|
$102,254,218,000 | 2.87% |
| TotalEnergies SE |
20.49%
1,501,206
|
$101,151,272,000 | 2.84% |
| Ingredion Inc |
14.75%
925,048
|
$100,395,459,000 | 2.82% |
| Schwab Charles Corp |
41.87%
1,442,028
|
$99,211,539,000 | 2.79% |
| Sanofi |
25.22%
1,945,602
|
$96,754,798,000 | 2.72% |
| General Dynamics Corp. |
7.91%
370,617
|
$96,238,062,000 | 2.70% |
| Expedia Group Inc |
Opened
611,969
|
$92,890,781,000 | 2.61% |
| American Express Co. |
9.94%
490,941
|
$91,972,926,000 | 2.58% |
| PayPal Holdings Inc |
Opened
1,446,945
|
$88,856,893,000 | 2.50% |
| Globe Life Inc |
24.45%
728,275
|
$88,645,666,000 | 2.49% |
| Truist Finl Corp |
84.69%
2,180,532
|
$80,505,241,000 | 2.26% |
| Jones Lang Lasalle Inc. |
17.81%
418,115
|
$78,969,322,000 | 2.22% |
| Coterra Energy Inc |
10.51%
3,062,207
|
$78,147,523,000 | 2.20% |
| Ppg Inds Inc |
4.81%
515,812
|
$77,139,653,000 | 2.17% |
| Dollar Gen Corp New |
Opened
555,915
|
$75,576,644,000 | 2.12% |
| Dollar Tree Inc |
35.60%
530,020
|
$75,289,341,000 | 2.11% |
| Travelers Companies Inc. |
27.70%
392,295
|
$74,728,196,000 | 2.10% |
| Unilever plc |
2.46%
1,405,518
|
$68,139,497,000 | 1.91% |
| Cencora Inc. |
41.15%
326,762
|
$67,110,361,000 | 1.89% |
| Oshkosh Corp |
7.60%
575,797
|
$62,422,153,000 | 1.75% |
| Fidelity Natl Information Sv |
Opened
1,031,825
|
$61,981,743,000 | 1.74% |
| Honda Motor |
4.03%
1,977,651
|
$61,129,201,000 | 1.72% |
| Shell Plc |
0.91%
917,207
|
$60,352,221,000 | 1.70% |
| Agnc Invt Corp |
3.40%
5,913,432
|
$58,010,765,000 | 1.63% |
| Meta Platforms Inc |
66.65%
163,090
|
$57,727,377,000 | 1.62% |
| Cisco Sys Inc |
0.33%
1,122,565
|
$56,711,996,000 | 1.59% |
| Barrick Gold Corp. |
35.42%
2,912,577
|
$52,688,509,000 | 1.48% |
| National Fuel Gas Co. |
59.92%
972,745
|
$48,802,600,000 | 1.37% |
| United Parcel Service, Inc. |
10.39%
290,542
|
$45,681,848,000 | 1.28% |
| NNN REIT Inc |
Opened
1,035,612
|
$44,634,877,000 | 1.25% |
| Ishares Tr |
3.94%
316,437
|
$46,988,289,000 | 1.32% |
| PPL Corp |
15.09%
1,280,023
|
$34,688,621,000 | 0.97% |
| Global Pmts Inc |
77.39%
109,196
|
$13,867,892,000 | 0.39% |
| Johnson Johnson |
67.59%
83,924
|
$13,154,252,000 | 0.37% |
| Vanguard Scottsdale Fds |
6.68%
42,145
|
$3,260,759,000 | 0.09% |
| Vanguard Scottsdale Fds |
Opened
67,515
|
$3,129,995,000 | 0.09% |
| Vanguard Bd Index Fds |
42.56%
45,246
|
$2,236,962,000 | 0.06% |
| Vanguard Malvern Fds |
36.77%
46,380
|
$2,202,586,000 | 0.06% |
| Fedex Corp |
97.63%
6,655
|
$1,683,584,000 | 0.05% |
| Exxon Mobil Corp. |
8.29%
5,291
|
$529,041,000 | 0.01% |
| Smith Nephew Plc |
Opened
11,629
|
$317,239,000 | 0.01% |
| VanEck ETF Trust |
Opened
9,900
|
$306,999,000 | 0.01% |
| Old Rep Intl Corp |
Opened
10,436
|
$306,818,000 | 0.01% |
| KeyCorp |
Opened
18,756
|
$270,086,000 | 0.01% |
| Citizens Finl Group Inc |
Opened
7,022
|
$232,709,000 | 0.01% |
| Haleon Plc |
99.26%
24,570
|
$202,211,000 | 0.01% |
| Huntington Bancshares, Inc. |
Opened
12,580
|
$160,018,000 | 0.00% |
| New York Cmnty Bancorp Inc |
Opened
13,977
|
$142,985,000 | 0.00% |
| Southwestern Energy Company |
Opened
19,976
|
$130,843,000 | 0.00% |
| Netflix Inc. |
Closed
335,107
|
$78,898,000 | |
| Cardinal Health, Inc. |
Closed
1,149,347
|
$76,638,000 | |
| Warner Bros.Discovery Inc |
Closed
3,979,403
|
$45,763,000 | |
| Empire St Rlty Tr Inc |
Closed
5,802,348
|
$38,063,000 | |
| Constellation Energy Corp |
Closed
316,830
|
$26,357,000 | |
| Washington Real Estate Invt |
Closed
36,163
|
$635,000 | |
| Paramount Global |
Closed
29,739
|
$566,000 | |
| Oge Energy Corp. |
Closed
15,447
|
$563,000 | |
| Ishares Tr |
Closed
7,989
|
$748,000 | |
| No transactions found | |||
| Showing first 500 out of 68 holdings | |||
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