Legacy Trust 13F annual report
Legacy Trust is an investment fund managing more than $402 billion ran by Melanie Vanderhoff. There are currently 115 companies in Mrs. Vanderhoff’s portfolio. The largest investments include Apple Inc and Microsoft, together worth $37.6 billion.
$402 billion Assets Under Management (AUM)
As of 9th July 2024, Legacy Trust’s top holding is 90,822 shares of Apple Inc currently worth over $19.1 billion and making up 4.8% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Legacy Trust owns more than approximately 0.1% of the company.
In addition, the fund holds 41,283 shares of Microsoft worth $18.5 billion, whose value grew 16.3% in the past six months.
The third-largest holding is Ssga Funds Management Inc worth $16 billion and the next is United Rentals worth $12.5 billion, with 19,346 shares owned.
Currently, Legacy Trust's portfolio is worth at least $402 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 Legacy Trust
The Legacy Trust office and employees reside in Grand Rapids, Michigan. According to the last 13-F report filed with the SEC, Melanie Vanderhoff serves as the Director of Operations and Risk Management at Legacy Trust.
Recent trades
In the most recent 13F filing, Legacy Trust revealed that it had opened a new position in
Uber Technologies Inc and bought 40,056 shares worth $2.91 billion.
This means they effectively own approximately 0.1% of the company.
Uber Technologies Inc makes up
3.8%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Palo Alto Networks Inc by buying
1,065 additional shares.
This makes their stake in Palo Alto Networks Inc total 35,098 shares worth $11.9 billion.
Palo Alto Networks Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Legacy Trust is getting rid of from its portfolio.
Legacy Trust closed its position in Dropbox Inc on 16th July 2024.
It sold the previously owned 134,889 shares for $3.28 billion.
Melanie Vanderhoff also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $19.1 billion and 90,822 shares.
One of the average hedge funds
The two most similar investment funds to Legacy Trust are Silveroak Wealth Management and Sycamore Partners Management, L.P.. They manage $402 billion and $402 billion respectively.
Melanie Vanderhoff investment strategy
Legacy Trust’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 18.9% of
the total portfolio value.
The fund focuses on investments in the United States as
60.0% 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
58% 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 $188 billion.
The complete list of Legacy Trust trades based on 13F SEC filings
These positions were updated on July 16th 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 |
|---|---|---|---|
| Apple Inc |
3.62%
90,822
|
$19,128,930,000 | 4.76% |
| Microsoft Corporation |
3.93%
41,283
|
$18,451,437,000 | 4.60% |
| Ssga Funds Management Inc |
1.89%
34,487
|
$15,966,080,000 | 3.98% |
| United Rentals, Inc. |
2.47%
19,346
|
$12,511,639,000 | 3.12% |
| Palo Alto Networks Inc |
3.13%
35,098
|
$11,898,573,000 | 2.96% |
| Ishares |
1.67%
101,018
|
$21,373,972,000 | 5.32% |
| Alphabet Inc |
1.82%
64,421
|
$11,747,210,000 | 2.93% |
| Visa Inc |
0.45%
37,564
|
$9,859,423,000 | 2.46% |
| Ww Grainger Inc |
0.29%
9,602
|
$8,663,308,000 | 2.16% |
| Qualcomm, Inc. |
2.09%
41,231
|
$8,212,391,000 | 2.05% |
| Tsmc |
2.18%
47,197
|
$8,203,311,000 | 2.04% |
| Costco Wholesale Corp |
8.13%
9,626
|
$8,182,004,000 | 2.04% |
| Blackrock Fund Advisors |
0.15%
267,468
|
$27,538,512,000 | 6.86% |
| Meta Platforms Inc |
4.01%
15,590
|
$7,860,790,000 | 1.96% |
| Goldman Sachs Grp |
3.78%
16,867
|
$7,629,281,000 | 1.90% |
| Jpmorgan Chase Co |
6.52%
37,473
|
$7,579,289,000 | 1.89% |
| Lennar Corp. |
2.24%
49,078
|
$7,355,320,000 | 1.83% |
| Amer Express Co |
3.11%
31,623
|
$7,322,306,000 | 1.82% |
| Amazon.com Inc. |
6.91%
36,874
|
$7,125,901,000 | 1.77% |
| Cheniere Energy In |
4.99%
38,638
|
$6,755,082,000 | 1.68% |
| Stryker Corp. |
5.22%
19,406
|
$6,602,892,000 | 1.64% |
| Tjx Cos Inc/the |
3.30%
53,324
|
$5,870,972,000 | 1.46% |
| Johnson Johnson |
0.98%
38,891
|
$5,684,309,000 | 1.42% |
| RTX Corp |
2.26%
53,703
|
$5,391,244,000 | 1.34% |
| Cummins Inc. |
4.18%
19,192
|
$5,314,841,000 | 1.32% |
| Intuitive Surgical Inc |
2.99%
11,861
|
$5,276,366,000 | 1.31% |
| DuPont de Nemours Inc |
10.12%
61,040
|
$4,913,110,000 | 1.22% |
| Ishares/usa |
No change
19,574
|
$5,552,474,000 | 1.38% |
| Ally Financial Inc |
12.00%
109,279
|
$4,335,098,000 | 1.08% |
| Expedia Group Inc |
17.18%
33,603
|
$4,233,642,000 | 1.05% |
| Align Technology, Inc. |
8.38%
16,296
|
$3,934,343,000 | 0.98% |
| NVIDIA Corp |
940.47%
29,539
|
$3,649,248,000 | 0.91% |
| Take-Two Interactive Software, Inc. |
12.30%
23,103
|
$3,592,285,000 | 0.89% |
| Nike, Inc. |
2.38%
47,461
|
$3,577,136,000 | 0.89% |
| Albemarle Corp. |
6.47%
37,068
|
$3,540,735,000 | 0.88% |
| Gentex Corp. |
No change
102,513
|
$3,455,713,000 | 0.86% |
| Wynn Resorts Ltd. |
1.82%
38,502
|
$3,445,929,000 | 0.86% |
| Walt Disney Co/the |
21.61%
33,976
|
$3,373,477,000 | 0.84% |
| Lululemon Athletic |
2.81%
10,983
|
$3,280,622,000 | 0.82% |
| Dropbox Inc |
Closed
134,889
|
$3,277,803,000 | |
| Us Bancorp |
5.87%
80,624
|
$3,200,773,000 | 0.80% |
| Intuit Inc |
No change
4,861
|
$3,194,698,000 | 0.80% |
| PayPal Holdings Inc |
19.16%
54,640
|
$3,170,759,000 | 0.79% |
| Uber Technologies Inc |
Opened
40,056
|
$2,911,270,000 | 0.73% |
| Elevance Health Inc |
No change
5,214
|
$2,825,258,000 | 0.70% |
| Home Depot Inc/the |
1.07%
8,190
|
$2,819,326,000 | 0.70% |
| Oracle Corp. |
0.03%
19,303
|
$2,725,584,000 | 0.68% |
| Incyte Corp. |
21.05%
44,668
|
$2,707,774,000 | 0.67% |
| SBA Communications Corp |
8.11%
12,584
|
$2,470,239,000 | 0.62% |
| Roper Industries Inc |
0.02%
4,366
|
$2,460,940,000 | 0.61% |
| Zoetis Inc |
0.16%
13,948
|
$2,418,025,000 | 0.60% |
| Adobe Inc |
17.06%
4,351
|
$2,417,155,000 | 0.60% |
| Chewy Inc |
10.34%
88,290
|
$2,405,020,000 | 0.60% |
| Ecolab, Inc. |
No change
8,463
|
$2,014,194,000 | 0.50% |
| Thermo Fisher Scientific Inc. |
0.26%
3,508
|
$1,939,924,000 | 0.48% |
| Ishares Tr |
0.23%
43,462
|
$1,851,047,000 | 0.46% |
| Pepsico Inc |
0.04%
10,192
|
$1,680,967,000 | 0.42% |
| Berkshire Hathaway Inc. |
No change
4,041
|
$1,643,879,000 | 0.41% |
| Brown-Forman Corporation |
0.01%
37,515
|
$1,620,273,000 | 0.40% |
| Edwards Lifesciences Corp |
0.47%
16,024
|
$1,480,137,000 | 0.37% |
| Valero Energy Corp. |
2.92%
7,285
|
$1,141,997,000 | 0.28% |
| Starbucks Corp. |
1.48%
14,271
|
$1,110,997,000 | 0.28% |
| Eli Lilly Co |
2.78%
1,219
|
$1,103,658,000 | 0.27% |
| Fiserv, Inc. |
0.66%
7,112
|
$1,059,972,000 | 0.26% |
| NextEra Energy Inc |
0.89%
14,214
|
$1,006,493,000 | 0.25% |
| Vanguard Etf/usa |
6.00%
36,469
|
$3,272,962,000 | 0.82% |
| Exxon Mobil Corp. |
4.21%
7,784
|
$896,094,000 | 0.22% |
| AMGEN Inc. |
1.05%
2,814
|
$879,234,000 | 0.22% |
| Amphenol Corp. |
92.51%
12,719
|
$856,879,000 | 0.21% |
| Fedex Corp |
0.32%
2,779
|
$833,255,000 | 0.21% |
| American Tower Corp. |
0.12%
4,231
|
$822,422,000 | 0.20% |
| iShares Trust |
No change
4,695
|
$819,137,000 | 0.20% |
| Intel Corp. |
0.15%
26,090
|
$808,007,000 | 0.20% |
| Union Pacific Corp. |
No change
3,487
|
$788,969,000 | 0.20% |
| Ameriprise Financial Inc |
No change
1,752
|
$748,437,000 | 0.19% |
| Mastercard Incorporated |
3.74%
1,692
|
$746,443,000 | 0.19% |
| Merck Co Inc |
1.31%
5,660
|
$700,708,000 | 0.17% |
| Procter Gamble Co/the |
No change
4,240
|
$699,261,000 | 0.17% |
| Colgate-Palmolive Co. |
0.06%
6,921
|
$671,614,000 | 0.17% |
| Blackrock Inc. |
No change
779
|
$613,322,000 | 0.15% |
| Intercontinental Exchange Inc |
2.10%
4,421
|
$605,191,000 | 0.15% |
| Idexx Laboratories, Inc. |
No change
1,219
|
$593,897,000 | 0.15% |
| Accenture plc |
2.12%
1,942
|
$589,222,000 | 0.15% |
| State Street Etf/usa |
No change
1,096
|
$586,448,000 | 0.15% |
| 5th Third Bancorp |
No change
15,618
|
$569,901,000 | 0.14% |
| Pacer Etfs/usa |
No change
44,046
|
$1,869,786,000 | 0.47% |
| Honeywell International Inc |
0.12%
2,524
|
$538,975,000 | 0.13% |
| First Trust Advisors Lp |
7.35%
16,429
|
$864,510,000 | 0.22% |
| Chevron Corp. |
6.84%
3,126
|
$488,969,000 | 0.12% |
| Abbvie Inc |
3.81%
2,552
|
$437,719,000 | 0.11% |
| Unitedhealth Group Inc |
2.11%
836
|
$425,741,000 | 0.11% |
| Mcdonald's Corp |
3.68%
1,648
|
$419,976,000 | 0.10% |
| Gen Dynamics Corp |
0.56%
1,438
|
$417,221,000 | 0.10% |
| Ishares Etfs/usa |
3.67%
6,647
|
$416,102,000 | 0.10% |
| Archer Daniels Midland Co. |
0.64%
6,566
|
$396,915,000 | 0.10% |
| Toro Co/the |
No change
4,194
|
$392,181,000 | 0.10% |
| State Street Global Advisors Inc |
No change
2,568
|
$391,800,000 | 0.10% |
| Spdr Gold Trust |
6.28%
1,716
|
$368,957,000 | 0.09% |
| Vanguard Group Inc/the |
17.13%
1,470
|
$366,941,000 | 0.09% |
| Pfizer Inc. |
13.32%
12,900
|
$360,942,000 | 0.09% |
| Linde Plc. |
28.91%
799
|
$350,609,000 | 0.09% |
| CME Group Inc |
No change
1,626
|
$319,672,000 | 0.08% |
| Illinois Tool Wks |
2.40%
1,301
|
$308,285,000 | 0.08% |
| Fastenal Co. |
No change
4,616
|
$290,069,000 | 0.07% |
| Cisco Systems, Inc. |
No change
5,685
|
$270,094,000 | 0.07% |
| Watsco, Inc. |
No change
580
|
$268,679,000 | 0.07% |
| Invesco Capital Management LLC |
No change
17,009
|
$754,896,000 | 0.19% |
| Copart, Inc. |
No change
4,924
|
$266,684,000 | 0.07% |
| Old National Bancorp/in |
49.69%
15,189
|
$261,099,000 | 0.07% |
| Coca-cola Co/the |
41.91%
4,043
|
$257,337,000 | 0.06% |
| Automatic Data Processing Inc. |
0.48%
1,056
|
$252,057,000 | 0.06% |
| Jb Hunt Transport Services Inc |
Closed
1,233
|
$245,675,000 | |
| Proshares Etfs/usa |
No change
3,880
|
$241,045,000 | 0.06% |
| Costar Group, Inc. |
Closed
2,422
|
$233,965,000 | |
| Lam Research Corp. |
No change
211
|
$224,683,000 | 0.06% |
| Marathon Petroleum Corp |
Closed
1,064
|
$214,396,000 | |
| Travelers Co Inc |
14.20%
1,051
|
$213,710,000 | 0.05% |
| Fortinet Inc |
Closed
3,042
|
$207,799,000 | |
| Abbott Laboratories |
Closed
1,823
|
$207,202,000 | |
| Huntington Bancshares Inc/oh |
61.34%
10,184
|
$134,225,000 | 0.03% |
| UFP Industries Inc |
90.83%
1,009
|
$113,008,000 | 0.03% |
| Verrica Pharmaceuticals Inc |
Closed
18,750
|
$111,000,000 | |
| No transactions found | |||
| Showing first 500 out of 122 holdings | |||
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