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
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