Defined Wealth Management 13F annual report
Defined Wealth Management is an investment fund managing more than $140 billion ran by Michelle Eldridge. There are currently 85 companies in Mrs. Eldridge’s portfolio. The largest investments include Vanguard Index Fds and Ishares Tr, together worth $56.9 billion.
$140 billion Assets Under Management (AUM)
As of 29th July 2024, Defined Wealth Management’s top holding is 86,150 shares of Vanguard Index Fds currently worth over $25.4 billion and making up 18.1% of the portfolio value.
In addition, the fund holds 354,464 shares of Ishares Tr worth $31.5 billion.
The third-largest holding is Spdr Sp 500 Etf Tr worth $5.34 billion and the next is Invesco Exchange Traded Fd T worth $4.13 billion, with 25,150 shares owned.
Currently, Defined Wealth Management's portfolio is worth at least $140 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.
Careers at Defined Wealth Management
The Defined Wealth Management office and employees reside in Beaverton, Oregon. According to the last 13-F report filed with the SEC, Michelle Eldridge serves as the SR. COMPLIANCE OFFICER at Defined Wealth Management.
Recent trades
In the most recent 13F filing, Defined Wealth Management revealed that it had opened a new position in
First Tr Exchng Traded Fd Vi and bought 93,641 shares worth $2.29 billion.
The investment fund also strengthened its position in Vanguard Index Fds by buying
351 additional shares.
This makes their stake in Vanguard Index Fds total 86,150 shares worth $25.4 billion.
On the other hand, there are companies that Defined Wealth Management is getting rid of from its portfolio.
Defined Wealth Management closed its position in First Tr Exchng Traded Fd Vi on 5th August 2024.
It sold the previously owned 26,268 shares for $1.15 billion.
Michelle Eldridge also disclosed a decreased stake in Ishares Tr by approximately 0.1%.
This leaves the value of the investment at $31.5 billion and 354,464 shares.
One of the smallest hedge funds
The two most similar investment funds to Defined Wealth Management are Intrack Investment Management Inc and American Capital Advisory. They manage $140 billion and $140 billion respectively.
Michelle Eldridge investment strategy
Defined Wealth Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 6.3% of
the total portfolio value.
The fund focuses on investments in the United States as
49.4% 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
48% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $264 billion.
The complete list of Defined Wealth Management trades based on 13F SEC filings
These positions were updated on August 5th 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 |
|---|---|---|---|
| Vanguard Index Fds |
0.41%
86,150
|
$25,368,905,000 | 18.13% |
| Ishares Tr |
8.16%
354,464
|
$31,528,160,000 | 22.53% |
| Spdr Sp 500 Etf Tr |
0.02%
9,815
|
$5,341,489,000 | 3.82% |
| Invesco Exchange Traded Fd T |
0.10%
25,150
|
$4,131,642,000 | 2.95% |
| Ishares Inc |
72.32%
72,016
|
$3,855,016,000 | 2.75% |
| Franklin Templeton Etf Tr |
1.57%
118,610
|
$3,707,745,000 | 2.65% |
| First Tr Exchange-traded Fd |
4.22%
52,817
|
$4,757,606,000 | 3.40% |
| Vanguard Intl Equity Index F |
0.56%
79,466
|
$3,477,453,000 | 2.48% |
| First Tr Exchng Traded Fd Vi |
Opened
93,641
|
$2,289,522,000 | 1.64% |
| Apple Inc |
2.37%
10,690
|
$2,251,546,000 | 1.61% |
| Invesco Exch Trd Slf Idx Fd |
2.09%
40,403
|
$2,120,753,000 | 1.52% |
| Broadcom Inc |
0.89%
1,250
|
$2,006,913,000 | 1.43% |
| Vanguard Specialized Funds |
0.60%
10,303
|
$1,880,847,000 | 1.34% |
| Spdr Ser Tr |
0.19%
48,717
|
$2,146,751,000 | 1.53% |
| Jpmorgan Chase Co. |
0.73%
8,820
|
$1,783,933,000 | 1.27% |
| Unitedhealth Group Inc |
0.45%
3,332
|
$1,696,854,000 | 1.21% |
| Fidelity Comwlth Tr |
1.38%
22,307
|
$1,559,934,000 | 1.11% |
| Microsoft Corporation |
5.16%
3,406
|
$1,522,234,000 | 1.09% |
| Fidelity Merrimack Str Tr |
Opened
33,209
|
$1,492,080,000 | 1.07% |
| Sempra |
0.11%
17,117
|
$1,301,919,000 | 0.93% |
| VanEck ETF Trust |
0.26%
14,714
|
$1,274,392,000 | 0.91% |
| Spdr Index Shs Fds |
0.09%
31,392
|
$1,182,554,000 | 0.84% |
| First Tr Exchng Traded Fd Vi |
Closed
26,268
|
$1,145,299,000 | |
| Vanguard Scottsdale Fds |
6.30%
23,885
|
$1,693,219,000 | 1.21% |
| Motorola Solutions Inc |
0.11%
2,826
|
$1,090,977,000 | 0.78% |
| TE Connectivity Ltd |
No change
7,106
|
$1,068,956,000 | 0.76% |
| Elevance Health Inc |
0.17%
1,760
|
$953,674,000 | 0.68% |
| Vanguard Tax-managed Fds |
2.52%
19,088
|
$943,352,000 | 0.67% |
| Novo-nordisk A S |
1.02%
6,515
|
$929,951,000 | 0.66% |
| Comcast Corp New |
0.61%
22,430
|
$878,359,000 | 0.63% |
| Berkshire Hathaway Inc. |
2.07%
2,122
|
$863,230,000 | 0.62% |
| American Express Co. |
0.36%
3,359
|
$777,776,000 | 0.56% |
| Deere Co |
0.10%
2,003
|
$748,381,000 | 0.53% |
| Vanguard Charlotte Fds |
35.13%
15,312
|
$745,235,000 | 0.53% |
| Progressive Corp. |
0.43%
3,505
|
$728,024,000 | 0.52% |
| Asml Holding N V |
0.28%
709
|
$725,116,000 | 0.52% |
| Home Depot, Inc. |
0.91%
2,105
|
$724,625,000 | 0.52% |
| Invesco Actvely Mngd Etc Fd |
1.10%
50,613
|
$711,113,000 | 0.51% |
| Chevron Corp. |
1.06%
4,383
|
$685,605,000 | 0.49% |
| Merck Co Inc |
0.97%
5,512
|
$682,386,000 | 0.49% |
| Marsh Mclennan Cos Inc |
0.51%
3,131
|
$659,764,000 | 0.47% |
| Mettler-Toledo International, Inc. |
0.65%
467
|
$652,675,000 | 0.47% |
| Bank America Corp |
1.09%
14,334
|
$570,063,000 | 0.41% |
| Oracle Corp. |
0.74%
3,967
|
$560,140,000 | 0.40% |
| Intel Corp. |
0.71%
16,410
|
$508,218,000 | 0.36% |
| Air Prods Chems Inc |
0.26%
1,963
|
$506,552,000 | 0.36% |
| Martin Marietta Matls Inc |
0.32%
934
|
$506,041,000 | 0.36% |
| Amazon.com Inc. |
7.13%
2,584
|
$499,358,000 | 0.36% |
| Honeywell International Inc |
0.04%
2,325
|
$496,481,000 | 0.35% |
| Conocophillips |
0.51%
4,323
|
$494,465,000 | 0.35% |
| Alphabet Inc |
5.65%
2,712
|
$493,991,000 | 0.35% |
| American Tower Corp. |
0.40%
2,519
|
$489,643,000 | 0.35% |
| Schwab Charles Corp |
0.17%
6,584
|
$485,175,000 | 0.35% |
| Texas Instrs Inc |
1.02%
2,480
|
$482,434,000 | 0.34% |
| AMGEN Inc. |
0.79%
1,524
|
$476,174,000 | 0.34% |
| Exxon Mobil Corp. |
0.95%
4,130
|
$475,446,000 | 0.34% |
| United Parcel Service, Inc. |
4.82%
3,414
|
$467,206,000 | 0.33% |
| Us Bancorp Del |
0.30%
11,409
|
$452,937,000 | 0.32% |
| Illinois Tool Wks Inc |
0.21%
1,893
|
$448,565,000 | 0.32% |
| Vertex Pharmaceuticals, Inc. |
1.35%
898
|
$420,911,000 | 0.30% |
| Mckesson Corporation |
0.56%
716
|
$418,173,000 | 0.30% |
| Johnson Johnson |
7.46%
2,842
|
$415,387,000 | 0.30% |
| Travelers Companies Inc. |
0.10%
1,963
|
$399,156,000 | 0.29% |
| Wisdomtree Tr |
37.02%
7,909
|
$397,902,000 | 0.28% |
| Northrop Grumman Corp. |
0.68%
882
|
$384,508,000 | 0.27% |
| Autodesk Inc. |
No change
1,521
|
$376,371,000 | 0.27% |
| Franklin Covey Co. |
0.01%
9,808
|
$372,704,000 | 0.27% |
| Visa Inc |
3.35%
1,419
|
$372,445,000 | 0.27% |
| Williams Cos Inc |
0.58%
8,683
|
$369,028,000 | 0.26% |
| Edison Intl |
0.14%
5,049
|
$362,569,000 | 0.26% |
| RTX Corp |
1.00%
3,581
|
$359,497,000 | 0.26% |
| Becton Dickinson Co |
0.13%
1,485
|
$347,059,000 | 0.25% |
| Otis Worldwide Corporation |
0.18%
3,343
|
$321,797,000 | 0.23% |
| Nike, Inc. |
0.50%
4,183
|
$315,273,000 | 0.23% |
| Charter Communications Inc N |
2.38%
1,025
|
$306,434,000 | 0.22% |
| Crowdstrike Holdings Inc |
0.39%
766
|
$293,524,000 | 0.21% |
| Meta Platforms Inc |
9.70%
543
|
$273,791,000 | 0.20% |
| Sherwin-Williams Co. |
0.44%
908
|
$270,974,000 | 0.19% |
| Abbvie Inc |
1.82%
1,570
|
$269,286,000 | 0.19% |
| L3Harris Technologies Inc |
0.92%
1,095
|
$245,915,000 | 0.18% |
| Haleon Plc |
0.63%
29,192
|
$241,126,000 | 0.17% |
| NVIDIA Corp |
Opened
1,877
|
$231,885,000 | 0.17% |
| Howmet Aerospace Inc. |
Opened
2,822
|
$219,072,000 | 0.16% |
| Disney Walt Co |
Closed
1,787
|
$218,635,000 | |
| Biogen Inc |
Opened
910
|
$210,956,000 | 0.15% |
| Microchip Technology, Inc. |
Opened
2,222
|
$203,313,000 | 0.15% |
| CVS Health Corp |
0.06%
3,437
|
$202,989,000 | 0.15% |
| No transactions found | |||
| Showing first 500 out of 87 holdings | |||
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