Trueblood Wealth Management 13F annual report
Trueblood Wealth Management is an investment fund managing more than $174 billion ran by Phillip Trueblood. There are currently 200 companies in Mr. Trueblood’s portfolio. The largest investments include Jpmorgan Chase Co and Apple Inc, together worth $17 billion.
$174 billion Assets Under Management (AUM)
As of 19th April 2024, Trueblood Wealth Management’s top holding is 54,544 shares of Jpmorgan Chase Co currently worth over $10.9 billion and making up 6.3% of the portfolio value.
In addition, the fund holds 35,618 shares of Apple Inc worth $6.11 billion, whose value fell 0.6% in the past six months.
The third-largest holding is Microsoft worth $5.82 billion and the next is Accenture Plc Ireland worth $3.61 billion, with 10,414 shares owned.
Currently, Trueblood Wealth Management's portfolio is worth at least $174 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 Trueblood Wealth Management
The Trueblood Wealth Management office and employees reside in Lima, Ohio. According to the last 13-F report filed with the SEC, Phillip Trueblood serves as the Managing Partner at Trueblood Wealth Management.
Recent trades
In the most recent 13F filing, Trueblood Wealth Management revealed that it had opened a new position in
First Tr Exchange-traded Fd and bought 20,330 shares worth $1.74 billion.
The investment fund also strengthened its position in Microsoft by buying
119 additional shares.
This makes their stake in Microsoft total 13,834 shares worth $5.82 billion.
Microsoft soared 35.7% in the past year.
On the other hand, there are companies that Trueblood Wealth Management is getting rid of from its portfolio.
Trueblood Wealth Management closed its position in First Tr Exchange-traded Fd on 26th April 2024.
It sold the previously owned 20,020 shares for $1.6 billion.
Phillip Trueblood also disclosed a decreased stake in Jpmorgan Chase Co by approximately 0.1%.
This leaves the value of the investment at $10.9 billion and 54,544 shares.
One of the smallest hedge funds
The two most similar investment funds to Trueblood Wealth Management are Shira Ridge Wealth Management and Independent Family Office. They manage $174 billion and $174 billion respectively.
Phillip Trueblood investment strategy
Trueblood Wealth Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 11.9% of
the total portfolio value.
The fund focuses on investments in the United States as
51.5% 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
52% of the total holdings value.
On the other hand, small-cap stocks make up only 1.5% of the portfolio.
The average market cap of the portfolio companies is close to $144 billion.
The complete list of Trueblood Wealth Management trades based on 13F SEC filings
These positions were updated on April 26th 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 |
|---|---|---|---|
| Jpmorgan Chase Co |
3.72%
54,544
|
$10,925,200,000 | 6.26% |
| Apple Inc |
2.38%
35,618
|
$6,107,792,000 | 3.50% |
| Microsoft Corporation |
0.87%
13,834
|
$5,820,271,000 | 3.34% |
| Accenture Plc Ireland |
3.26%
10,414
|
$3,609,597,000 | 2.07% |
| Chevron Corp. |
1.22%
17,488
|
$2,758,557,000 | 1.58% |
| Caterpillar Inc. |
2.11%
6,622
|
$2,426,480,000 | 1.39% |
| Unitedhealth Group Inc |
9.26%
4,741
|
$2,345,373,000 | 1.34% |
| Gallagher Arthur J Co |
1.53%
9,250
|
$2,312,870,000 | 1.33% |
| Cincinnati Finl Corp |
2.47%
18,626
|
$2,312,790,000 | 1.33% |
| Home Depot, Inc. |
1.28%
5,559
|
$2,132,362,000 | 1.22% |
| First Tr Exchange-traded Fd |
0.93%
233,149
|
$7,474,838,000 | 4.29% |
| NVIDIA Corp |
34.44%
2,189
|
$1,977,893,000 | 1.13% |
| Mcdonalds Corp |
3.16%
6,952
|
$1,960,097,000 | 1.12% |
| First Tr Lrg Cp Vl Alphadex |
6.43%
23,786
|
$1,816,775,000 | 1.04% |
| Exxon Mobil Corp. |
10.81%
15,365
|
$1,786,024,000 | 1.02% |
| Merck Co Inc |
1.28%
13,360
|
$1,762,850,000 | 1.01% |
| First Tr Exchange-traded Fd |
Opened
20,330
|
$1,741,265,000 | 1.00% |
| Analog Devices Inc. |
3.66%
8,685
|
$1,717,806,000 | 0.98% |
| Johnson Johnson |
3.70%
10,815
|
$1,710,825,000 | 0.98% |
| Linde Plc. |
3.46%
3,590
|
$1,666,909,000 | 0.96% |
| First Tr Exchange-traded Fd |
Closed
20,020
|
$1,602,401,000 | |
| Republic Svcs Inc |
6.16%
8,216
|
$1,572,871,000 | 0.90% |
| Watsco, Inc. |
0.90%
3,603
|
$1,556,388,000 | 0.89% |
| Brown Brown Inc |
2.96%
17,720
|
$1,551,209,000 | 0.89% |
| Oracle Corp. |
3.73%
12,150
|
$1,526,162,000 | 0.88% |
| Nordson Corp. |
0.50%
5,408
|
$1,484,712,000 | 0.85% |
| Qualcomm, Inc. |
0.70%
8,736
|
$1,479,005,000 | 0.85% |
| Tractor Supply Co. |
21.19%
5,351
|
$1,400,464,000 | 0.80% |
| Broadridge Finl Solutions In |
2.87%
6,771
|
$1,387,107,000 | 0.80% |
| J P Morgan Exchange Traded F |
9.14%
23,955
|
$1,386,036,000 | 0.79% |
| Invesco Exchange Traded Fd T |
6.06%
8,047
|
$1,362,920,000 | 0.78% |
| Spdr Ser Tr |
3.46%
28,441
|
$2,044,030,000 | 1.17% |
| Carrier Global Corporation |
3.45%
22,357
|
$1,299,612,000 | 0.75% |
| Automatic Data Processing In |
3.20%
5,196
|
$1,297,649,000 | 0.74% |
| First Tr Exchange Trad Fd Vi |
No change
53,632
|
$1,272,151,000 | 0.73% |
| Procter And Gamble Co |
0.99%
7,787
|
$1,263,441,000 | 0.72% |
| Elevance Health Inc |
1.42%
2,436
|
$1,263,163,000 | 0.72% |
| Thermo Fisher Scientific Inc. |
8.14%
2,152
|
$1,250,764,000 | 0.72% |
| Invesco Exch Traded Fd Tr Ii |
1.67%
85,958
|
$3,675,404,000 | 2.11% |
| Abbvie Inc |
1.16%
6,704
|
$1,220,859,000 | 0.70% |
| Oneok Inc. |
6.09%
14,764
|
$1,183,660,000 | 0.68% |
| Berkshire Hathaway Inc. |
7.22%
2,717
|
$1,142,553,000 | 0.66% |
| Marathon Pete Corp |
6.59%
5,544
|
$1,117,153,000 | 0.64% |
| Norfolk Southn Corp |
No change
4,327
|
$1,102,865,000 | 0.63% |
| Steris Plc |
3.33%
4,853
|
$1,091,051,000 | 0.63% |
| Kkr Co Inc |
0.61%
10,834
|
$1,089,684,000 | 0.62% |
| First Tr Exchange Traded Fd |
9.94%
76,843
|
$2,801,409,000 | 1.61% |
| Amazon.com Inc. |
7.99%
5,893
|
$1,062,979,000 | 0.61% |
| Intuit Inc |
6.50%
1,625
|
$1,056,250,000 | 0.61% |
| Snap-on, Inc. |
10.42%
3,496
|
$1,035,585,000 | 0.59% |
| Costco Whsl Corp New |
29.74%
1,409
|
$1,032,276,000 | 0.59% |
| Goldman Sachs Group, Inc. |
4.21%
2,455
|
$1,025,429,000 | 0.59% |
| Chubb Limited |
9.12%
3,875
|
$1,004,129,000 | 0.58% |
| Pepsico Inc |
5.13%
5,512
|
$964,735,000 | 0.55% |
| Baker Hughes Company |
0.74%
28,740
|
$962,790,000 | 0.55% |
| WEC Energy Group Inc |
1.27%
11,671
|
$958,423,000 | 0.55% |
| Eog Res Inc |
10.69%
7,482
|
$956,499,000 | 0.55% |
| NextEra Energy Inc |
5.19%
14,721
|
$940,819,000 | 0.54% |
| Coca-Cola Co |
1.13%
15,370
|
$940,337,000 | 0.54% |
| Capital Group Gbl Growth Eqt |
14.46%
32,085
|
$924,048,000 | 0.53% |
| Proshares Tr |
No change
13,948
|
$892,881,000 | 0.51% |
| Taiwan Semiconductor Mfg Ltd |
2.08%
6,391
|
$869,496,000 | 0.50% |
| Fastenal Co. |
11.72%
11,158
|
$860,728,000 | 0.49% |
| Nasdaq Inc |
13.66%
13,429
|
$847,370,000 | 0.49% |
| Alphabet Inc |
5.73%
9,730
|
$1,474,026,000 | 0.85% |
| Welltower Inc. |
1.22%
9,061
|
$846,634,000 | 0.49% |
| Danaher Corp. |
0.09%
3,283
|
$819,831,000 | 0.47% |
| Vanguard Star Fds |
0.65%
13,383
|
$806,995,000 | 0.46% |
| VanEck ETF Trust |
1.50%
25,931
|
$1,086,015,000 | 0.62% |
| Capital Group Intl Focus Eqt |
0.66%
29,419
|
$758,422,000 | 0.43% |
| Stryker Corp. |
1.20%
2,114
|
$756,537,000 | 0.43% |
| Sherwin-Williams Co. |
0.19%
2,158
|
$749,538,000 | 0.43% |
| Verizon Communications Inc |
2.76%
17,656
|
$740,840,000 | 0.42% |
| Visa Inc |
16.72%
2,618
|
$730,631,000 | 0.42% |
| Walmart Inc |
262.12%
12,073
|
$726,432,000 | 0.42% |
| Lantheus Holdings Inc |
No change
11,484
|
$714,764,000 | 0.41% |
| The Southern Co. |
0.73%
9,815
|
$704,112,000 | 0.40% |
| Broadcom Inc. |
7.99%
530
|
$702,467,000 | 0.40% |
| Devon Energy Corp. |
2.28%
13,923
|
$698,656,000 | 0.40% |
| Eli Lilly Co |
12.96%
898
|
$698,608,000 | 0.40% |
| Salesforce Inc |
25.24%
2,233
|
$672,535,000 | 0.39% |
| Lockheed Martin Corp. |
4.51%
1,459
|
$663,655,000 | 0.38% |
| Advanced Micro Devices Inc. |
9.96%
3,645
|
$657,886,000 | 0.38% |
| First Tr Value Line Divid In |
No change
15,024
|
$634,464,000 | 0.36% |
| Mondelez International Inc. |
0.02%
8,827
|
$617,890,000 | 0.35% |
| American Elec Pwr Co Inc |
1.33%
7,124
|
$613,376,000 | 0.35% |
| General Dynamics Corp. |
4.28%
2,168
|
$612,438,000 | 0.35% |
| Abbott Labs |
0.02%
5,348
|
$607,854,000 | 0.35% |
| Mastercard Incorporated |
1.18%
1,261
|
$607,260,000 | 0.35% |
| Zoetis Inc |
20.65%
3,512
|
$594,266,000 | 0.34% |
| Deere Co |
6.32%
1,396
|
$573,393,000 | 0.33% |
| Vanguard Index Fds |
3.45%
1,175
|
$564,823,000 | 0.32% |
| Blackstone Inc |
No change
3,985
|
$523,509,000 | 0.30% |
| General Mls Inc |
0.05%
7,478
|
$523,207,000 | 0.30% |
| Copart, Inc. |
1.04%
8,997
|
$521,106,000 | 0.30% |
| Sp Global Inc |
9.58%
1,161
|
$493,947,000 | 0.28% |
| Honeywell International Inc |
0.08%
2,401
|
$492,805,000 | 0.28% |
| Rockwell Automation Inc |
15.01%
1,654
|
$481,860,000 | 0.28% |
| Motorola Solutions Inc |
11.23%
1,357
|
$481,708,000 | 0.28% |
| American Express Co. |
8.25%
2,072
|
$471,774,000 | 0.27% |
| Genuine Parts Co. |
0.63%
3,037
|
$470,522,000 | 0.27% |
| Cisco Sys Inc |
4.20%
9,187
|
$458,523,000 | 0.26% |
| Ishares Inc |
1.10%
8,604
|
$443,966,000 | 0.25% |
| Grainger W W Inc |
6.14%
432
|
$439,474,000 | 0.25% |
| Duke Energy Corp. |
2.27%
4,515
|
$436,624,000 | 0.25% |
| Intel Corp. |
1.62%
9,865
|
$435,737,000 | 0.25% |
| Intuitive Surgical Inc |
7.26%
1,079
|
$430,618,000 | 0.25% |
| Ishares Tr |
22.50%
15,712
|
$1,557,161,000 | 0.89% |
| Caseys Gen Stores Inc |
18.15%
1,315
|
$418,762,000 | 0.24% |
| Disney Walt Co |
1.44%
3,344
|
$409,172,000 | 0.23% |
| Fiserv, Inc. |
21.92%
2,547
|
$407,062,000 | 0.23% |
| Union Pac Corp |
0.18%
1,648
|
$405,293,000 | 0.23% |
| Travelers Companies Inc. |
3.61%
1,753
|
$403,399,000 | 0.23% |
| International Business Machs |
51.08%
2,100
|
$401,016,000 | 0.23% |
| KLA Corp. |
6.53%
573
|
$400,281,000 | 0.23% |
| Kimberly-Clark Corp. |
2.81%
3,077
|
$398,011,000 | 0.23% |
| Tjx Cos Inc New |
21.03%
3,908
|
$396,349,000 | 0.23% |
| Pfizer Inc. |
7.57%
14,220
|
$394,602,000 | 0.23% |
| Realty Income Corp. |
No change
7,233
|
$391,305,000 | 0.22% |
| Ares Capital Corp |
11.85%
18,713
|
$389,605,000 | 0.22% |
| Gilead Sciences, Inc. |
Closed
4,786
|
$387,743,000 | |
| Illinois Tool Wks Inc |
21.28%
1,419
|
$380,760,000 | 0.22% |
| Mccormick Co Inc |
13.90%
4,892
|
$375,755,000 | 0.22% |
| MPLX LP |
0.34%
9,030
|
$375,291,000 | 0.22% |
| Cintas Corporation |
Opened
545
|
$374,431,000 | 0.21% |
| Smucker J M Co |
1.88%
2,968
|
$373,582,000 | 0.21% |
| Quanta Svcs Inc |
16.38%
1,404
|
$364,759,000 | 0.21% |
| Ares Management Corp |
7.70%
2,728
|
$362,769,000 | 0.21% |
| Palo Alto Networks Inc |
2.95%
1,249
|
$354,878,000 | 0.20% |
| Graco Inc. |
1.54%
3,762
|
$351,597,000 | 0.20% |
| Edwards Lifesciences Corp |
35.85%
3,672
|
$350,896,000 | 0.20% |
| Marvell Technology Inc |
3.17%
4,944
|
$350,431,000 | 0.20% |
| Paychex Inc. |
3.66%
2,766
|
$339,665,000 | 0.19% |
| Conocophillips |
3.96%
2,623
|
$333,855,000 | 0.19% |
| Jabil Inc |
No change
2,431
|
$325,632,000 | 0.19% |
| Phillips 66 |
10.50%
1,952
|
$318,871,000 | 0.18% |
| Air Prods Chems Inc |
4.59%
1,276
|
$309,137,000 | 0.18% |
| First Tr Sml Cp Core Alpha F |
No change
3,256
|
$303,589,000 | 0.17% |
| ServiceNow Inc |
1.73%
398
|
$303,435,000 | 0.17% |
| Valero Energy Corp. |
10.40%
1,773
|
$302,633,000 | 0.17% |
| Vanguard Specialized Funds |
Opened
1,657
|
$302,585,000 | 0.17% |
| Keysight Technologies Inc |
22.83%
1,906
|
$298,060,000 | 0.17% |
| Morgan Stanley |
No change
3,080
|
$290,013,000 | 0.17% |
| Meta Platforms Inc |
1.66%
592
|
$287,463,000 | 0.16% |
| IQVIA Holdings Inc |
No change
1,128
|
$285,260,000 | 0.16% |
| Progressive Corp. |
No change
1,372
|
$283,757,000 | 0.16% |
| Parker-Hannifin Corp. |
Opened
508
|
$282,341,000 | 0.16% |
| Citigroup Inc |
No change
4,458
|
$281,924,000 | 0.16% |
| Digital Rlty Tr Inc |
27.48%
1,953
|
$281,310,000 | 0.16% |
| Shopify Inc |
11.20%
3,633
|
$280,359,000 | 0.16% |
| Boeing Co. |
29.57%
1,429
|
$275,783,000 | 0.16% |
| American Wtr Wks Co Inc New |
Closed
2,084
|
$275,067,000 | |
| Xcel Energy Inc. |
1.75%
5,105
|
$274,394,000 | 0.16% |
| Marathon Oil Corporation |
4.81%
9,559
|
$270,902,000 | 0.16% |
| Tyler Technologies, Inc. |
2.02%
632
|
$268,606,000 | 0.15% |
| Eversource Energy |
8.73%
4,487
|
$268,186,000 | 0.15% |
| First Tr Exch Trd Alphdx Fd |
22.20%
11,717
|
$267,968,000 | 0.15% |
| Ishares Silver Tr |
0.09%
11,681
|
$265,743,000 | 0.15% |
| Amphenol Corp. |
Opened
2,289
|
$264,036,000 | 0.15% |
| Waste Connections Inc |
No change
1,526
|
$262,487,000 | 0.15% |
| Eaton Corp Plc |
Opened
834
|
$260,775,000 | 0.15% |
| First Tr Exch Traded Fd Iii |
Opened
11,759
|
$258,816,000 | 0.15% |
| Henry Jack Assoc Inc |
1.61%
1,468
|
$255,036,000 | 0.15% |
| Advanced Drain Sys Inc Del |
Opened
1,478
|
$254,571,000 | 0.15% |
| Target Corp |
15.28%
1,430
|
$253,410,000 | 0.15% |
| New Jersey Res Corp |
Closed
5,684
|
$253,393,000 | |
| Stifel Finl Corp |
No change
3,234
|
$252,802,000 | 0.14% |
| Emerson Elec Co |
0.04%
2,229
|
$252,800,000 | 0.14% |
| Fedex Corp |
No change
872
|
$252,653,000 | 0.14% |
| West Pharmaceutical Svsc Inc |
Opened
622
|
$246,132,000 | 0.14% |
| Asml Holding N V |
37.41%
251
|
$243,588,000 | 0.14% |
| Dow Inc |
45.59%
4,173
|
$241,742,000 | 0.14% |
| Philip Morris International Inc |
7.01%
2,625
|
$240,532,000 | 0.14% |
| Sysco Corp. |
Opened
2,929
|
$237,776,000 | 0.14% |
| Dominion Energy Inc |
0.38%
4,787
|
$235,473,000 | 0.14% |
| Capital Group Dividend Value |
Opened
7,211
|
$234,358,000 | 0.13% |
| Kinder Morgan Inc |
0.12%
12,689
|
$232,710,000 | 0.13% |
| Chipotle Mexican Grill |
22.33%
80
|
$232,542,000 | 0.13% |
| Capital Group Core Equity Et |
Opened
7,368
|
$229,587,000 | 0.13% |
| Idexx Labs Inc |
Closed
410
|
$227,571,000 | |
| CVS Health Corp |
0.04%
2,853
|
$227,551,000 | 0.13% |
| Capital Group Dividend Growe |
Opened
7,914
|
$226,578,000 | 0.13% |
| Lululemon Athletica inc. |
17.14%
580
|
$226,577,000 | 0.13% |
| Yum Brands Inc. |
Closed
1,725
|
$225,436,000 | |
| Power Integrations Inc. |
Closed
2,724
|
$223,668,000 | |
| Att Inc |
2.89%
12,680
|
$223,162,000 | 0.13% |
| Energy Transfer L P |
No change
14,180
|
$223,051,000 | 0.13% |
| Nike, Inc. |
Closed
2,054
|
$223,003,000 | |
| Freeport-McMoRan Inc |
31.08%
4,674
|
$219,771,000 | 0.13% |
| Royal Caribbean Group |
Closed
1,640
|
$212,364,000 | |
| Ishares Tr |
Opened
1,431
|
$211,402,000 | 0.12% |
| Becton Dickinson Co |
42.25%
853
|
$211,075,000 | 0.12% |
| Capital Group Growth Etf |
Opened
6,597
|
$211,038,000 | 0.12% |
| Northrop Grumman Corp. |
Opened
439
|
$210,132,000 | 0.12% |
| Old Dominion Freight Line In |
Opened
958
|
$210,099,000 | 0.12% |
| Monster Beverage Corp. |
No change
3,506
|
$207,836,000 | 0.12% |
| Select Sector Spdr Tr |
Opened
1,399
|
$206,674,000 | 0.12% |
| Aflac Inc. |
Opened
2,402
|
$206,236,000 | 0.12% |
| General Electric Co |
Opened
1,171
|
$205,546,000 | 0.12% |
| Vanguard Whitehall Fds |
Opened
2,506
|
$204,314,000 | 0.12% |
| Capital Group International |
Opened
7,028
|
$203,882,000 | 0.12% |
| Invesco Exchange Traded Fd T |
Opened
2,064
|
$203,882,000 | 0.12% |
| Ulta Beauty Inc |
Opened
388
|
$202,877,000 | 0.12% |
| Sprott Physical Silver Tr |
No change
21,271
|
$176,337,000 | 0.10% |
| Invesco Actvely Mngd Etc Fd |
No change
11,742
|
$162,862,000 | 0.09% |
| SoFi Technologies, Inc. |
40.99%
22,103
|
$161,352,000 | 0.09% |
| Payoneer Global Inc |
Opened
20,752
|
$100,855,000 | 0.06% |
| Wavedancer Inc |
No change
16,000
|
$55,360,000 | 0.03% |
| Nikola Corporation |
No change
14,176
|
$14,743,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 209 holdings | |||
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