Findec Wealth Services 13F annual report
Findec Wealth Services is an investment fund managing more than $158 billion ran by Kenneth Herold. There are currently 24 companies in Mr. Herold’s portfolio. The largest investments include Capital Grp Fixed Incm Etf T and Capital Group Dividend Value, together worth $31.4 billion.
$158 billion Assets Under Management (AUM)
As of 10th July 2024, Findec Wealth Services’s top holding is 814,396 shares of Capital Grp Fixed Incm Etf T currently worth over $18.1 billion and making up 11.4% of the portfolio value.
In addition, the fund holds 401,917 shares of Capital Group Dividend Value worth $13.3 billion.
The third-largest holding is Dimensional Etf Trust worth $62.6 billion and the next is Capital Group Gbl Growth Eqt worth $7.81 billion, with 265,174 shares owned.
Currently, Findec Wealth Services's portfolio is worth at least $158 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 Findec Wealth Services
The Findec Wealth Services office and employees reside in Stockton, California. According to the last 13-F report filed with the SEC, Kenneth Herold serves as the Chief Compliance Officer at Findec Wealth Services.
Recent trades
In the most recent 13F filing, Findec Wealth Services revealed that it had opened a new position in
Eli Lilly & Co and bought 429 shares worth $388 million.
The investment fund also strengthened its position in Capital Grp Fixed Incm Etf T by buying
144,370 additional shares.
This makes their stake in Capital Grp Fixed Incm Etf T total 814,396 shares worth $18.1 billion.
On the other hand, there are companies that Findec Wealth Services is getting rid of from its portfolio.
Findec Wealth Services closed its position in Invesco Exch Traded Fd Tr Ii on 17th July 2024.
It sold the previously owned 158,107 shares for $3.34 billion.
Kenneth Herold also disclosed a decreased stake in Capital Group Core Equity Et by approximately 0.1%.
This leaves the value of the investment at $7.33 billion and 227,267 shares.
One of the smallest hedge funds
The two most similar investment funds to Findec Wealth Services are Altus Wealth Management and Eagle Bay Advisors. They manage $159 billion and $159 billion respectively.
Kenneth Herold investment strategy
Findec Wealth Services’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 4.2% of
the total portfolio value.
The fund focuses on investments in the United States as
37.5% 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
29% of the total holdings value.
On the other hand, small-cap stocks make up only 8.3% of the portfolio.
The average market cap of the portfolio companies is close to $669 billion.
The complete list of Findec Wealth Services trades based on 13F SEC filings
These positions were updated on July 17th 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 |
|---|---|---|---|
| Capital Grp Fixed Incm Etf T |
21.55%
814,396
|
$18,095,883,000 | 11.42% |
| Capital Group Dividend Value |
34.33%
401,917
|
$13,263,267,000 | 8.37% |
| Dimensional Etf Trust |
5.85%
1,707,390
|
$62,619,844,000 | 39.52% |
| Capital Group Gbl Growth Eqt |
0.12%
265,174
|
$7,806,715,000 | 4.93% |
| Capital Group Core Equity Et |
3.96%
227,267
|
$7,329,368,000 | 4.63% |
| Apple Inc |
3.73%
24,830
|
$5,229,715,000 | 3.30% |
| Schwab Strategic Tr |
4.79%
243,129
|
$13,295,106,000 | 8.39% |
| Vanguard Index Fds |
14.31%
30,999
|
$8,006,206,000 | 5.05% |
| Capital Group Growth Etf |
8.51%
136,813
|
$4,499,792,000 | 2.84% |
| Invesco Exch Traded Fd Tr Ii |
Closed
158,107
|
$3,343,963,000 | |
| NVIDIA Corp |
1,317.97%
24,616
|
$3,041,077,000 | 1.92% |
| Ishares Tr |
52.42%
118,312
|
$5,700,866,000 | 3.60% |
| Invesco Exch Traded Fd Tr Ii |
6.37%
58,423
|
$2,412,852,000 | 1.52% |
| Meta Platforms Inc |
15.26%
4,132
|
$2,083,280,000 | 1.31% |
| Microsoft Corporation |
0.15%
3,384
|
$1,512,557,000 | 0.95% |
| Occidental Pete Corp |
Closed
13,255
|
$861,441,000 | |
| Pioneer Nat Res Co |
Closed
3,059
|
$803,038,000 | |
| Pepsico Inc |
No change
4,692
|
$773,852,000 | 0.49% |
| Amazon.com Inc. |
30.88%
3,378
|
$652,838,000 | 0.41% |
| Ishares Bitcoin Tr |
No change
16,383
|
$559,316,000 | 0.35% |
| Eli Lilly & Co |
Opened
429
|
$388,375,000 | 0.25% |
| JPMorgan Chase & Co. |
1.32%
1,270
|
$256,919,000 | 0.16% |
| Global X Fds |
10.68%
3,847
|
$251,566,000 | 0.16% |
| Berkshire Hathaway Inc. |
10.46%
528
|
$214,791,000 | 0.14% |
| Public Storage Oper Co |
No change
729
|
$209,697,000 | 0.13% |
| Hunt J B Trans Svcs Inc |
Closed
1,025
|
$204,301,000 | |
| Tesla Inc |
Opened
1,023
|
$202,454,000 | 0.13% |
| Cardiff Oncology, Inc. |
No change
16,000
|
$35,520,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 28 holdings | |||
Hedge funds similar to Findec Wealth Services
- Kpcb Dgf Ii Associates
- Shelton Wealth Management
- Carsonallaria Wealth Management
- Mgo Private Wealth
- Scp Investment, L.P.
- Eagle Bay Advisors
- Altus Wealth Management
- H&h Retirement Design & Management Inc
- Alphacentric Advisors
- Roubaix Capital
- Eight 31 Financial
- Seatown Pte
- Fortis Advisors
- Lodbrok Capital LL.P.