Pax is an investment fund managing more than $511 billion ran by Gery Sadzewicz. There are currently 157 companies in Mr. Sadzewicz’s portfolio. The largest investments include Ishares Tr and Northern Lts Fd Tr Iv, together worth $229 billion.
As of 7th August 2024, Pax’s top holding is 1,889,119 shares of Ishares Tr currently worth over $177 billion and making up 34.7% of the portfolio value.
In addition, the fund holds 1,774,702 shares of Northern Lts Fd Tr Iv worth $51.7 billion.
The third-largest holding is Blackrock Etf Trust worth $13.4 billion and the next is Pimco Etf Tr worth $33.7 billion, with 518,930 shares owned.
Currently, Pax's portfolio is worth at least $511 billion. 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.
The Pax office and employees reside in San Antonio, Texas. According to the last 13-F report filed with the SEC, Gery Sadzewicz serves as the Chief Compliance Officer at Pax.
In the most recent 13F filing, Pax revealed that it had opened a new position in
Northern Lts Fd Tr Iv and bought 38,790 shares worth $7.71 billion.
The investment fund also strengthened its position in Ishares Tr by buying
67,978 additional shares.
This makes their stake in Ishares Tr total 1,889,119 shares worth $177 billion.
On the other hand, there are companies that Pax is getting rid of from its portfolio.
Pax closed its position in Northern Lts Fd Tr Iv on 14th August 2024.
It sold the previously owned 299,275 shares for $11.2 billion.
Gery Sadzewicz also disclosed a decreased stake in Spdr Ser Tr by approximately 0.1%.
This leaves the value of the investment at $34.7 billion and 800,122 shares.
The two most similar investment funds to Pax are Moody Aldrich Partners and Philosophy Capital Management. They manage $511 billion and $511 billion respectively.
Pax’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 5.9% of
the total portfolio value.
The fund focuses on investments in the United States as
54.1% 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
46% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $161 billion.
These positions were updated on August 14th 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 |
|---|---|---|---|
| Ishares Tr |
3.73%
1,889,119
|
$177,325,227,000 | 34.69% |
| Northern Lts Fd Tr Iv |
0.60%
1,774,702
|
$51,702,040,000 | 10.12% |
| Blackrock Etf Trust |
1.40%
284,936
|
$13,374,896,000 | 2.62% |
| Northern Lts Fd Tr Iv |
Closed
299,275
|
$11,249,734,000 | |
| Pimco Etf Tr |
18.09%
518,930
|
$33,668,690,000 | 6.59% |
| Spdr Ser Tr |
1.91%
800,122
|
$34,650,296,000 | 6.78% |
| Northern Lts Fd Tr Iv |
Opened
38,790
|
$7,710,059,000 | 1.51% |
| Vanguard Index Fds |
6.17%
88,864
|
$24,526,604,000 | 4.80% |
| Vanguard Tax-managed Fds |
14.57%
141,565
|
$6,996,133,000 | 1.37% |
| Vanguard Bd Index Fds |
3.94%
127,468
|
$9,557,981,000 | 1.87% |
| Spdr Index Shs Fds |
1.02%
219,994
|
$7,918,492,000 | 1.55% |
| Ishares Inc |
41.77%
159,376
|
$8,919,741,000 | 1.75% |
| Invesco Exch Trd Slf Idx Fd |
8.67%
259,208
|
$8,533,926,000 | 1.67% |
| Apple Inc |
38.80%
19,689
|
$4,146,967,000 | 0.81% |
| Vanguard Whitehall Fds |
4.72%
33,040
|
$3,918,545,000 | 0.77% |
| Microsoft Corporation |
45.83%
8,591
|
$3,839,575,000 | 0.75% |
| Blackrock Etf Trust Ii |
8.02%
63,279
|
$3,303,164,000 | 0.65% |
| Henry Jack & Assoc Inc |
11.99%
18,003
|
$2,988,788,000 | 0.58% |
| Arista Networks Inc |
25.54%
8,498
|
$2,978,379,000 | 0.58% |
| Schwab Strategic Tr |
17.25%
74,939
|
$3,642,981,000 | 0.71% |
| Fortinet Inc |
31.29%
43,551
|
$2,624,819,000 | 0.51% |
| NVIDIA Corp |
1,509.85%
20,751
|
$2,563,581,000 | 0.50% |
| Vanguard Intl Equity Index F |
7.59%
62,440
|
$2,715,923,000 | 0.53% |
| Alphabet Inc |
43.13%
13,517
|
$2,462,141,000 | 0.48% |
| Skyworks Solutions, Inc. |
19.74%
22,635
|
$2,412,448,000 | 0.47% |
| Amazon.com Inc. |
52.98%
10,681
|
$2,064,103,000 | 0.40% |
| Ishares Tr |
Opened
42,153
|
$1,909,736,000 | 0.37% |
| Ishares Tr |
Closed
48,389
|
$2,890,579,000 | |
| Meta Platforms Inc |
92.44%
2,800
|
$1,411,816,000 | 0.28% |
| Home Depot, Inc. |
0.65%
3,980
|
$1,370,087,000 | 0.27% |
| Costco Whsl Corp New |
8.58%
1,506
|
$1,280,109,000 | 0.25% |
| Intuitive Surgical Inc |
28.07%
2,806
|
$1,248,249,000 | 0.24% |
| Western Alliance Bancorp |
20.77%
19,592
|
$1,230,798,000 | 0.24% |
| Accenture Plc Ireland |
0.12%
4,013
|
$1,217,660,000 | 0.24% |
| Neurocrine Biosciences, Inc. |
11.40%
8,813
|
$1,213,286,000 | 0.24% |
| Pinnacle Finl Partners Inc |
6.83%
15,138
|
$1,211,642,000 | 0.24% |
| Exxon Mobil Corp. |
3.65%
9,767
|
$1,124,416,000 | 0.22% |
| D.R. Horton Inc. |
10.02%
7,815
|
$1,101,363,000 | 0.22% |
| Veeco Instrs Inc Del |
Opened
23,150
|
$1,081,337,000 | 0.21% |
| Lennar Corp. |
11.79%
7,041
|
$1,055,263,000 | 0.21% |
| Invesco Exch Traded Fd Tr Ii |
Opened
37,889
|
$1,045,362,000 | 0.20% |
| Infinera Corp. |
Opened
166,081
|
$1,011,433,000 | 0.20% |
| Invesco Exch Traded Fd Tr Ii |
17.25%
17,778
|
$1,250,505,000 | 0.24% |
| Starbucks Corp. |
18.60%
12,744
|
$992,130,000 | 0.19% |
| Mastercard Incorporated |
10.62%
2,188
|
$965,271,000 | 0.19% |
| Manhattan Associates, Inc. |
Opened
3,900
|
$962,052,000 | 0.19% |
| Cincinnati Finl Corp |
4.01%
8,145
|
$961,901,000 | 0.19% |
| Berkshire Hathaway Inc. |
3.18%
2,342
|
$952,726,000 | 0.19% |
| Cirrus Logic, Inc. |
Opened
7,459
|
$952,216,000 | 0.19% |
| Garmin Ltd |
31.38%
5,701
|
$928,739,000 | 0.18% |
| Qualcomm, Inc. |
1.58%
4,637
|
$923,668,000 | 0.18% |
| Novo-nordisk A S |
3.63%
6,401
|
$913,748,000 | 0.18% |
| Vanguard Scottsdale Fds |
20.67%
20,071
|
$911,242,000 | 0.18% |
| Nutanix Inc |
Opened
16,012
|
$910,282,000 | 0.18% |
| Everest Group Ltd |
5.34%
2,322
|
$884,905,000 | 0.17% |
| Interdigital Inc |
Opened
7,500
|
$874,200,000 | 0.17% |
| Visa Inc |
4.89%
3,324
|
$872,454,000 | 0.17% |
| Scripps E W Co Ohio |
130.90%
276,364
|
$867,783,000 | 0.17% |
| Intuit Inc |
11.11%
1,320
|
$867,534,000 | 0.17% |
| News Corp |
5.26%
30,406
|
$863,216,000 | 0.17% |
| Q2 Holdings Inc |
Opened
14,291
|
$862,176,000 | 0.17% |
| Fabrinet |
Opened
3,517
|
$860,926,000 | 0.17% |
| Sterling Infrastructure Inc |
Closed
7,734
|
$853,138,000 | |
| Copart, Inc. |
7.95%
15,681
|
$849,283,000 | 0.17% |
| Tesla Inc |
29.64%
4,247
|
$840,396,000 | 0.16% |
| Incyte Corp. |
4.04%
13,807
|
$836,980,000 | 0.16% |
| Invesco Exch Traded Fd Tr Ii |
Closed
29,755
|
$835,528,000 | |
| Ansys Inc. |
Opened
2,588
|
$832,042,000 | 0.16% |
| Eog Res Inc |
106.73%
6,572
|
$827,217,000 | 0.16% |
| Photronics, Inc. |
Opened
33,520
|
$826,938,000 | 0.16% |
| Tractor Supply Co. |
0.98%
3,044
|
$821,948,000 | 0.16% |
| Nike, Inc. |
1.59%
10,874
|
$819,606,000 | 0.16% |
| Spdr S&p 500 Etf Tr |
0.13%
1,503
|
$817,963,000 | 0.16% |
| Align Technology, Inc. |
6.14%
3,381
|
$816,154,000 | 0.16% |
| Stryker Corp. |
3.38%
2,344
|
$797,580,000 | 0.16% |
| Oracle Corp. |
1.36%
5,444
|
$768,690,000 | 0.15% |
| Grayscale Ethereum Mini Trust |
Closed
22,185
|
$766,935,000 | |
| Primoris Svcs Corp |
Closed
17,784
|
$757,065,000 | |
| Smith A O Corp |
5.40%
9,218
|
$753,875,000 | 0.15% |
| Hilton Grand Vacations Inc |
Closed
15,492
|
$731,377,000 | |
| Republic Svcs Inc |
7.94%
3,733
|
$725,535,000 | 0.14% |
| Tempur Sealy International Inc |
Closed
12,736
|
$723,660,000 | |
| Cintas Corporation |
3.55%
1,033
|
$723,369,000 | 0.14% |
| Hillenbrand Inc |
Closed
14,370
|
$722,667,000 | |
| Gallagher Arthur J & Co |
1.71%
2,767
|
$717,540,000 | 0.14% |
| M/i Homes Inc |
Closed
5,258
|
$716,613,000 | |
| Nasdaq Inc |
5.67%
11,884
|
$716,125,000 | 0.14% |
| Liberty Broadband Corp |
88.03%
13,074
|
$713,840,000 | 0.14% |
| Meritage Homes Corp. |
Closed
4,037
|
$708,332,000 | |
| Greenbrier Cos., Inc. |
Closed
13,556
|
$706,268,000 | |
| Patrick Inds Inc |
Closed
5,896
|
$704,395,000 | |
| Hibbett Inc |
Closed
9,158
|
$703,426,000 | |
| Walmart Inc |
7.67%
10,375
|
$702,483,000 | 0.14% |
| Distribution Solutions Grp I |
Closed
19,748
|
$700,659,000 | |
| RTX Corp |
Opened
6,940
|
$696,753,000 | 0.14% |
| RTX Corp |
Closed
7,126
|
$694,972,000 | |
| Century Cmntys Inc |
Closed
7,182
|
$693,063,000 | |
| Rush Enterprises Inc |
Closed
12,878
|
$686,269,000 | |
| Valero Energy Corp. |
7.41%
4,335
|
$679,622,000 | 0.13% |
| Broadcom Inc |
83.04%
421
|
$675,928,000 | 0.13% |
| S&P Global Inc |
1.94%
1,513
|
$674,823,000 | 0.13% |
| Air Transport Services Grp I |
Closed
48,513
|
$667,539,000 | |
| Expeditors Intl Wash Inc |
4.99%
5,275
|
$658,211,000 | 0.13% |
| Amphenol Corp. |
73.07%
9,770
|
$658,205,000 | 0.13% |
| Disney Walt Co |
12.78%
6,599
|
$655,232,000 | 0.13% |
| Group 1 Automotive, Inc. |
Closed
2,224
|
$649,920,000 | |
| Eli Lilly & Co |
56.55%
717
|
$649,157,000 | 0.13% |
| Unilever plc |
2.23%
11,591
|
$637,373,000 | 0.12% |
| ArcBest Corp |
Closed
4,421
|
$629,993,000 | |
| Blackrock Inc. |
1.36%
800
|
$629,939,000 | 0.12% |
| FirstService Corp |
Closed
3,750
|
$621,750,000 | |
| Allegiant Travel |
Closed
8,238
|
$619,580,000 | |
| Automatic Data Processing In |
0.95%
2,595
|
$619,459,000 | 0.12% |
| Johnson & Johnson |
9.28%
4,227
|
$617,824,000 | 0.12% |
| Thomson-Reuters Corp |
8.24%
3,654
|
$615,955,000 | 0.12% |
| Us Foods Hldg Corp |
15.07%
11,598
|
$614,475,000 | 0.12% |
| Steris Plc |
0.79%
2,773
|
$608,786,000 | 0.12% |
| Matson Inc |
Closed
5,384
|
$605,170,000 | |
| BorgWarner Inc |
2.99%
18,560
|
$598,378,000 | 0.12% |
| Ares Management Corp |
12.86%
4,433
|
$590,830,000 | 0.12% |
| Gilead Sciences, Inc. |
11.28%
8,492
|
$582,663,000 | 0.11% |
| Malibu Boats Inc |
Closed
13,375
|
$578,870,000 | |
| Adobe Inc |
1.96%
1,040
|
$577,762,000 | 0.11% |
| Netflix Inc. |
74.69%
856
|
$577,697,000 | 0.11% |
| CVS Health Corp |
30.41%
9,650
|
$569,929,000 | 0.11% |
| Medtronic Plc |
2.44%
7,227
|
$568,821,000 | 0.11% |
| Roper Technologies Inc |
7.10%
1,007
|
$567,606,000 | 0.11% |
| Pepsico Inc |
5.84%
3,368
|
$555,484,000 | 0.11% |
| General Dynamics Corp. |
6.35%
1,901
|
$551,586,000 | 0.11% |
| Old Dominion Freight Line In |
5.86%
3,103
|
$547,986,000 | 0.11% |
| CME Group Inc |
4.10%
2,767
|
$543,992,000 | 0.11% |
| Dollar Gen Corp New |
5.76%
4,089
|
$540,688,000 | 0.11% |
| FirstService Corp |
Opened
3,524
|
$536,952,000 | 0.11% |
| Pool Corporation |
3.24%
1,720
|
$528,634,000 | 0.10% |
| Pilgrims Pride Corp |
36.74%
13,712
|
$527,775,000 | 0.10% |
| C.H. Robinson Worldwide, Inc. |
4.64%
5,835
|
$514,217,000 | 0.10% |
| Shenandoah Telecommunication |
3.99%
31,188
|
$509,300,000 | 0.10% |
| Procter And Gamble Co |
0.89%
2,962
|
$488,460,000 | 0.10% |
| Diamondback Energy Inc |
Opened
2,365
|
$473,449,000 | 0.09% |
| Permian Resources Corp |
Opened
28,275
|
$456,641,000 | 0.09% |
| Oneok Inc. |
Opened
5,420
|
$442,001,000 | 0.09% |
| PBF Energy Inc |
Opened
9,557
|
$439,813,000 | 0.09% |
| WEC Energy Group Inc |
4.64%
5,590
|
$438,627,000 | 0.09% |
| Merck & Co Inc |
3.73%
3,535
|
$437,609,000 | 0.09% |
| Par Pac Holdings Inc |
Opened
17,267
|
$435,992,000 | 0.09% |
| Biogen Inc |
4.97%
1,856
|
$430,258,000 | 0.08% |
| CVR Energy Inc |
Opened
16,028
|
$429,070,000 | 0.08% |
| APA Corporation |
Opened
14,543
|
$428,146,000 | 0.08% |
| Hormel Foods Corp. |
Closed
12,267
|
$427,987,000 | |
| Murphy Oil Corp. |
Opened
10,171
|
$419,452,000 | 0.08% |
| McCormick & Co., Inc. |
Opened
5,902
|
$418,677,000 | 0.08% |
| Diageo plc |
3.91%
3,240
|
$408,499,000 | 0.08% |
| Powershares Actively Managed |
30.93%
8,004
|
$399,400,000 | 0.08% |
| Pimco Etf Tr |
Opened
7,713
|
$398,299,000 | 0.08% |
| Nu Skin Enterprises, Inc. |
123.82%
37,152
|
$391,584,000 | 0.08% |
| Conocophillips |
2.47%
3,192
|
$365,101,000 | 0.07% |
| Ameresco Inc. |
Opened
12,153
|
$350,128,000 | 0.07% |
| Cion Invt Corp |
1.05%
28,355
|
$343,661,000 | 0.07% |
| Caseys Gen Stores Inc |
Opened
862
|
$328,929,000 | 0.06% |
| Caterpillar Inc. |
16.93%
960
|
$319,676,000 | 0.06% |
| Atmos Energy Corp. |
7.62%
2,726
|
$317,995,000 | 0.06% |
| HCA Healthcare Inc |
62.71%
986
|
$316,782,000 | 0.06% |
| NOV Inc |
4.97%
15,654
|
$297,591,000 | 0.06% |
| Freeport-McMoRan Inc |
8.72%
6,102
|
$296,548,000 | 0.06% |
| Elevance Health Inc |
Opened
529
|
$286,685,000 | 0.06% |
| Alphabet Inc |
Opened
1,553
|
$284,851,000 | 0.06% |
| Invesco Exchange Traded Fd T |
Opened
5,711
|
$491,018,000 | 0.10% |
| Helmerich & Payne, Inc. |
3.71%
7,792
|
$281,613,000 | 0.06% |
| Crowdstrike Holdings Inc |
Opened
731
|
$280,112,000 | 0.05% |
| Abbvie Inc |
34.37%
1,599
|
$274,230,000 | 0.05% |
| Spdr S&p Midcap 400 Etf Tr |
No change
500
|
$267,540,000 | 0.05% |
| Spdr Ser Tr |
Opened
1,039
|
$252,388,000 | 0.05% |
| Mcdonalds Corp |
6.01%
953
|
$242,919,000 | 0.05% |
| Asml Holding N V |
Opened
237
|
$242,481,000 | 0.05% |
| Applied Matls Inc |
Opened
1,027
|
$242,362,000 | 0.05% |
| Spotify Technology S.A. |
Opened
759
|
$238,167,000 | 0.05% |
| Advanced Micro Devices Inc. |
Closed
1,292
|
$233,193,000 | |
| Simon Ppty Group Inc New |
9.25%
1,531
|
$232,332,000 | 0.05% |
| Nucor Corp. |
Closed
1,128
|
$223,239,000 | |
| American Intl Group Inc |
Closed
2,844
|
$222,315,000 | |
| Prologis Inc |
Closed
1,668
|
$217,195,000 | |
| Abbott Labs |
5.47%
2,084
|
$216,599,000 | 0.04% |
| Texas Instrs Inc |
Opened
1,105
|
$215,036,000 | 0.04% |
| Pinnacle West Cap Corp |
5.76%
2,798
|
$213,692,000 | 0.04% |
| Cadence Design System Inc |
Opened
687
|
$211,424,000 | 0.04% |
| Axogen Inc. |
No change
18,884
|
$136,720,000 | 0.03% |
| Danimer Scientific, Inc. |
Opened
12,405
|
$7,483,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 187 holdings | |||