Navalign 13F annual report
Navalign is an investment fund managing more than $317 billion ran by Chris Carter. There are currently 96 companies in Mr. Carter’s portfolio. The largest investments include Fidelity Merrimack Str Tr and Schwab Strategic Tr, together worth $50.9 billion.
$317 billion Assets Under Management (AUM)
As of 23rd July 2024, Navalign’s top holding is 608,296 shares of Fidelity Merrimack Str Tr currently worth over $27.3 billion and making up 8.6% of the portfolio value.
In addition, the fund holds 452,865 shares of Schwab Strategic Tr worth $23.6 billion.
The third-largest holding is Apple Inc worth $20.3 billion and the next is Ishares Tr worth $30.9 billion, with 347,915 shares owned.
Currently, Navalign's portfolio is worth at least $317 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 Navalign
The Navalign office and employees reside in Encino, California. According to the last 13-F report filed with the SEC, Chris Carter serves as the Chief Compliance Officer at Navalign.
Recent trades
In the most recent 13F filing, Navalign revealed that it had opened a new position in
Ishares Tr and bought 4,210 shares worth $225 million.
The investment fund also strengthened its position in Fidelity Merrimack Str Tr by buying
50,940 additional shares.
This makes their stake in Fidelity Merrimack Str Tr total 608,296 shares worth $27.3 billion.
On the other hand, there are companies that Navalign is getting rid of from its portfolio.
Navalign closed its position in Fidelity Covington Trust on 30th July 2024.
It sold the previously owned 5,632 shares for $332 million.
Chris Carter also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $20.3 billion and 96,375 shares.
One of the smaller hedge funds
The two most similar investment funds to Navalign are Benin Management Corp and Security Benefit Life Insurance Co ks/. They manage $317 billion and $317 billion respectively.
Chris Carter investment strategy
Navalign’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 8.7% of
the total portfolio value.
The fund focuses on investments in the United States as
57.3% 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
56% of the total holdings value.
On the other hand, small-cap stocks make up only 1.0% of the portfolio.
The average market cap of the portfolio companies is close to $244 billion.
The complete list of Navalign trades based on 13F SEC filings
These positions were updated on July 30th 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 |
|---|---|---|---|
| Fidelity Merrimack Str Tr |
9.14%
608,296
|
$27,330,750,000 | 8.63% |
| Schwab Strategic Tr |
5.36%
452,865
|
$23,553,516,000 | 7.44% |
| Apple Inc |
9.01%
96,375
|
$20,298,426,000 | 6.41% |
| Ishares Tr |
8.25%
347,915
|
$30,864,701,000 | 9.75% |
| Spdr Ser Tr |
0.10%
583,921
|
$35,110,301,000 | 11.09% |
| Vanguard Whitehall Fds |
5.79%
209,399
|
$17,019,939,000 | 5.38% |
| Flexshares Tr |
2.62%
323,717
|
$12,994,008,000 | 4.10% |
| First Tr Exchng Traded Fd Vi |
12.39%
644,960
|
$16,388,353,000 | 5.18% |
| Vanguard Index Fds |
0.02%
125,491
|
$11,833,675,000 | 3.74% |
| AMGEN Inc. |
6.82%
22,781
|
$7,118,068,000 | 2.25% |
| NVIDIA Corp |
858.82%
52,994
|
$6,546,919,000 | 2.07% |
| Vanguard Star Fds |
6.07%
105,558
|
$6,365,169,000 | 2.01% |
| American Centy Etf Tr |
7.10%
70,537
|
$6,328,564,000 | 2.00% |
| Invesco Exchange Traded Fd T |
6.72%
35,188
|
$5,780,759,000 | 1.83% |
| Meta Platforms Inc |
1.02%
6,840
|
$3,449,004,000 | 1.09% |
| Alphabet Inc |
0.67%
24,604
|
$4,491,852,000 | 1.42% |
| Microsoft Corporation |
0.49%
6,756
|
$3,019,523,000 | 0.95% |
| Visa Inc |
1.79%
11,163
|
$2,929,861,000 | 0.93% |
| Amazon.com Inc. |
2.04%
13,882
|
$2,682,697,000 | 0.85% |
| Broadcom Inc |
1.23%
1,363
|
$2,187,582,000 | 0.69% |
| Mckesson Corporation |
0.94%
3,659
|
$2,137,146,000 | 0.67% |
| Salesforce Inc |
3.71%
7,936
|
$2,040,442,000 | 0.64% |
| Vanguard Bd Index Fds |
0.55%
26,366
|
$2,022,249,000 | 0.64% |
| Walmart Inc |
2.21%
28,871
|
$1,954,858,000 | 0.62% |
| Jpmorgan Chase Co. |
1.95%
9,579
|
$1,937,543,000 | 0.61% |
| Eli Lilly Co |
No change
2,012
|
$1,821,648,000 | 0.58% |
| Uber Technologies Inc |
5.37%
25,045
|
$1,820,271,000 | 0.57% |
| Procter And Gamble Co |
3.98%
10,395
|
$1,714,320,000 | 0.54% |
| Netflix Inc. |
1.71%
2,498
|
$1,685,850,000 | 0.53% |
| Merck Co Inc |
2.77%
12,922
|
$1,599,693,000 | 0.51% |
| Palo Alto Networks Inc |
1.15%
4,646
|
$1,574,871,000 | 0.50% |
| Cigna Group (The) |
2.63%
4,681
|
$1,547,250,000 | 0.49% |
| Coca-Cola Co |
8.54%
23,992
|
$1,527,116,000 | 0.48% |
| Vanguard Intl Equity Index F |
1.21%
34,015
|
$1,488,501,000 | 0.47% |
| Blackrock Inc. |
4.32%
1,884
|
$1,483,102,000 | 0.47% |
| Tjx Cos Inc New |
3.37%
12,763
|
$1,405,258,000 | 0.44% |
| Honeywell International Inc |
6.26%
6,518
|
$1,391,828,000 | 0.44% |
| Booking Holdings Inc |
2.97%
347
|
$1,374,659,000 | 0.43% |
| Union Pac Corp |
4.18%
5,729
|
$1,296,272,000 | 0.41% |
| Goldman Sachs Group, Inc. |
1.08%
2,816
|
$1,273,850,000 | 0.40% |
| TE Connectivity Ltd |
3.91%
8,430
|
$1,268,191,000 | 0.40% |
| Bank America Corp |
6.65%
30,692
|
$1,220,628,000 | 0.39% |
| Johnson Ctls Intl Plc |
3.85%
18,321
|
$1,217,774,000 | 0.38% |
| Linde Plc. |
2.74%
2,738
|
$1,201,623,000 | 0.38% |
| Capital One Finl Corp |
2.32%
8,673
|
$1,200,844,000 | 0.38% |
| Thermo Fisher Scientific Inc. |
7.57%
2,031
|
$1,122,964,000 | 0.35% |
| Spdr Sp 500 Etf Tr |
No change
1,943
|
$1,057,489,000 | 0.33% |
| Conocophillips |
4.10%
8,762
|
$1,002,247,000 | 0.32% |
| CSX Corp. |
4.31%
29,359
|
$982,061,000 | 0.31% |
| Starbucks Corp. |
0.81%
12,510
|
$973,869,000 | 0.31% |
| Boston Scientific Corp. |
0.16%
12,429
|
$957,157,000 | 0.30% |
| Zoetis Inc |
7.92%
5,449
|
$944,703,000 | 0.30% |
| Phillips 66 |
0.92%
6,584
|
$929,531,000 | 0.29% |
| Wynn Resorts Ltd. |
7.77%
10,094
|
$903,434,000 | 0.29% |
| Transdigm Group Incorporated |
9.98%
705
|
$900,715,000 | 0.28% |
| PayPal Holdings Inc |
8.90%
15,182
|
$881,011,000 | 0.28% |
| Delta Air Lines, Inc. |
1.05%
18,560
|
$880,492,000 | 0.28% |
| American Tower Corp. |
6.21%
4,498
|
$874,279,000 | 0.28% |
| Schwab Charles Corp |
3.42%
11,521
|
$848,983,000 | 0.27% |
| Fedex Corp |
4.36%
2,822
|
$846,278,000 | 0.27% |
| Berkshire Hathaway Inc. |
4.34%
2,044
|
$831,499,000 | 0.26% |
| MetLife, Inc. |
4.43%
11,773
|
$826,313,000 | 0.26% |
| American Elec Pwr Co Inc |
3.82%
9,408
|
$825,465,000 | 0.26% |
| CVS Health Corp |
10.37%
13,668
|
$807,208,000 | 0.25% |
| Spdr Index Shs Fds |
0.97%
14,320
|
$799,772,000 | 0.25% |
| Cisco Sys Inc |
2.60%
16,273
|
$773,116,000 | 0.24% |
| Nike, Inc. |
7.48%
9,834
|
$741,194,000 | 0.23% |
| Firstenergy Corp. |
5.45%
19,311
|
$739,044,000 | 0.23% |
| Autodesk Inc. |
6.24%
2,826
|
$699,294,000 | 0.22% |
| Dollar Gen Corp New |
7.67%
4,942
|
$653,504,000 | 0.21% |
| Costco Whsl Corp New |
0.67%
737
|
$626,142,000 | 0.20% |
| Constellation Brands Inc |
5.48%
2,215
|
$569,976,000 | 0.18% |
| Vanguard Mun Bd Fds |
67.31%
11,183
|
$560,380,000 | 0.18% |
| Unitedhealth Group Inc |
No change
1,090
|
$555,117,000 | 0.18% |
| Mastercard Incorporated |
1.36%
1,162
|
$512,628,000 | 0.16% |
| Intuitive Surgical Inc |
14.81%
1,150
|
$511,578,000 | 0.16% |
| Oracle Corp. |
10.04%
3,575
|
$504,824,000 | 0.16% |
| Rockwell Automation Inc |
0.53%
1,692
|
$465,644,000 | 0.15% |
| Abbvie Inc |
3.87%
2,685
|
$460,581,000 | 0.15% |
| Tesla Inc |
2.23%
2,108
|
$417,131,000 | 0.13% |
| Lauder Estee Cos Inc |
11.54%
3,790
|
$403,281,000 | 0.13% |
| Vanguard Tax-managed Fds |
No change
7,708
|
$380,929,000 | 0.12% |
| Verizon Communications Inc |
0.53%
8,872
|
$365,900,000 | 0.12% |
| Pfizer Inc. |
6.22%
12,245
|
$342,609,000 | 0.11% |
| NextEra Energy Inc |
5.53%
4,785
|
$338,810,000 | 0.11% |
| Fidelity Covington Trust |
Closed
5,632
|
$331,957,000 | |
| Southern Calif Bancorp |
No change
22,800
|
$307,116,000 | 0.10% |
| Vanguard Index Fds |
Closed
1,785
|
$278,361,000 | |
| Abbott Labs |
3.32%
2,622
|
$272,452,000 | 0.09% |
| Paychex Inc. |
No change
2,289
|
$271,390,000 | 0.09% |
| Disney Walt Co |
Closed
1,932
|
$236,441,000 | |
| Ishares Tr |
Opened
4,210
|
$225,488,000 | 0.07% |
| Lowes Cos Inc |
No change
1,014
|
$223,649,000 | 0.07% |
| J P Morgan Exchange Traded F |
Closed
3,550
|
$205,377,000 | |
| Astrazeneca plc |
Opened
2,625
|
$204,724,000 | 0.06% |
| Goldman Sachs Etf Tr |
14.83%
4,049
|
$203,928,000 | 0.06% |
| Stryker Corp. |
No change
590
|
$200,748,000 | 0.06% |
| Exxon Mobil Corp. |
Opened
1,739
|
$200,151,000 | 0.06% |
| Allogene Therapeutics Inc |
No change
75,365
|
$175,600,000 | 0.06% |
| Cue Biopharma Inc |
No change
25,000
|
$31,000,000 | 0.01% |
| Planet Labs Pbc |
Closed
11,168
|
$28,478,000 | |
| No transactions found | |||
| Showing first 500 out of 101 holdings | |||
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