Modern Wealth Management 13F annual report

Modern Wealth Management is an investment fund managing more than $1.01 trillion ran by James Rankin. There are currently 235 companies in Mr. Rankin’s portfolio. The largest investments include Ishares Tr and Spdr S&p 500 Etf Tr, together worth $397 billion.

Limited to 30 biggest holdings

$1.01 trillion Assets Under Management (AUM)

As of 6th May 2024, Modern Wealth Management’s top holding is 3,503,178 shares of Ishares Tr currently worth over $318 billion and making up 31.5% of the portfolio value. In addition, the fund holds 149,972 shares of Spdr S&p 500 Etf Tr worth $78.1 billion. The third-largest holding is Spdr S&p Midcap 400 Etf Tr worth $40.6 billion and the next is Spdr Ser Tr worth $68.4 billion, with 1,153,795 shares owned.

Currently, Modern Wealth Management's portfolio is worth at least $1.01 trillion. 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 Modern Wealth Management

The Modern Wealth Management office and employees reside in Lenexa, Kansas. According to the last 13-F report filed with the SEC, James Rankin serves as the Chief Compliance Officer at Modern Wealth Management.

Recent trades

In the most recent 13F filing, Modern Wealth Management revealed that it had opened a new position in Spdr S&p Midcap 400 Etf Tr and bought 74,143 shares worth $40.6 billion.

The investment fund also strengthened its position in Ishares Tr by buying 543,892 additional shares. This makes their stake in Ishares Tr total 3,503,178 shares worth $318 billion.

On the other hand, there are companies that Modern Wealth Management is getting rid of from its portfolio. Modern Wealth Management closed its position in Proshares Tr on 13th May 2024. It sold the previously owned 20,471 shares for $1.33 billion. James Rankin also disclosed a decreased stake in First Tr Exch Traded Fd Iii by approximately 0.1%. This leaves the value of the investment at $12.7 billion and 313,087 shares.

One of the average hedge funds

The two most similar investment funds to Modern Wealth Management are Sourcerock and Rkl Wealth Management. They manage $1.01 trillion and $1.01 trillion respectively.


James Rankin investment strategy

Modern Wealth Management’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Technology — making up 3.7% of the total portfolio value. The fund focuses on investments in the United States as 41.7% 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 39% of the total holdings value. On the other hand, small-cap stocks make up only 3.0% of the portfolio. The average market cap of the portfolio companies is close to $160 billion.

The complete list of Modern Wealth Management trades based on 13F SEC filings

These positions were updated on May 13th 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
Ishares Tr
18.38%
3,503,178
$318,431,498,000 31.53%
Spdr S&p 500 Etf Tr
34.35%
149,972
$78,111,449,000 7.74%
Spdr S&p Midcap 400 Etf Tr
Opened
74,143
$40,562,932,000 4.02%
Spdr Ser Tr
22.58%
1,153,795
$68,445,084,000 6.78%
Vanguard Index Fds
27.86%
133,939
$49,694,704,000 4.92%
Pacer Fds Tr
8.64%
607,187
$31,661,671,000 3.14%
Wisdomtree Tr
13.83%
1,025,391
$22,804,707,000 2.26%
T Rowe Price Etf Inc
9.08%
679,333
$20,536,232,000 2.03%
American Centy Etf Tr
15.05%
356,239
$28,180,312,000 2.79%
Apple Inc
74.44%
89,702
$16,420,032,000 1.63%
Amplify Etf Tr
0.19%
379,686
$14,750,796,000 1.46%
Microsoft Corporation
292.66%
25,554
$10,598,227,000 1.05%
Vaneck Merk Gold Tr
17.74%
440,697
$10,069,920,000 1.00%
Fs Kkr Cap Corp
15.39%
425,610
$8,456,863,000 0.84%
First Tr Exch Traded Fd Iii
2.86%
313,087
$12,694,791,000 1.26%
J P Morgan Exchange Traded F
Opened
153,402
$7,937,034,000 0.79%
Procter And Gamble Co
10.05%
42,612
$7,109,890,000 0.70%
Amazon.com Inc.
398.18%
31,839
$5,969,176,000 0.59%
Eli Lilly & Co
1,202.84%
7,348
$5,584,480,000 0.55%
Ishares Gold Tr
Opened
124,911
$5,581,023,000 0.55%
Vanguard Bd Index Fds
11.41%
71,456
$5,100,534,000 0.51%
Alphabet Inc
327.80%
43,597
$7,374,657,000 0.73%
Exxon Mobil Corp.
315.78%
41,869
$4,938,873,000 0.49%
JPMorgan Chase & Co.
Opened
24,213
$4,812,750,000 0.48%
Invesco Exchange Traded Fd T
13.53%
26,416
$4,387,992,000 0.43%
NVIDIA Corp
132.52%
4,841
$4,351,075,000 0.43%
Janus Detroit Str Tr
Opened
85,540
$4,338,685,000 0.43%
Abbvie Inc
443.75%
24,632
$3,959,527,000 0.39%
J P Morgan Exchange Traded F
7.11%
75,028
$3,801,666,000 0.38%
Chevron Corp.
766.81%
21,575
$3,577,538,000 0.35%
Financial Instns Inc
Opened
181,779
$3,430,170,000 0.34%
Costco Whsl Corp New
808.14%
4,350
$3,424,341,000 0.34%
Berkshire Hathaway Inc.
49.09%
8,155
$3,360,420,000 0.33%
Home Depot, Inc.
273.60%
8,746
$3,030,029,000 0.30%
Unitedhealth Group Inc
420.60%
5,685
$2,915,424,000 0.29%
Thermo Fisher Scientific Inc.
Opened
4,907
$2,909,727,000 0.29%
Phillips Edison & Co Inc
0.02%
85,686
$2,818,199,000 0.28%
Proshares Tr
31.38%
36,204
$2,814,823,000 0.28%
Motorola Solutions Inc
Opened
7,365
$2,672,471,000 0.26%
Caterpillar Inc.
23.60%
7,526
$2,670,092,000 0.26%
Adobe Inc
595.35%
5,528
$2,666,099,000 0.26%
Broadridge Finl Solutions In
Opened
13,528
$2,647,350,000 0.26%
Capital Group Dividend Value
Opened
77,767
$2,557,761,000 0.25%
Select Sector Spdr Tr
205.26%
34,189
$4,187,306,000 0.41%
Ishares Tr
Opened
233,064
$14,403,872,000 1.43%
CME Group Inc
Opened
11,551
$2,407,921,000 0.24%
Paychex Inc.
Opened
19,528
$2,393,160,000 0.24%
Markel Group Inc
Opened
1,421
$2,347,805,000 0.23%
Meta Platforms Inc
42.17%
4,895
$2,331,082,000 0.23%
Charles Riv Labs Intl Inc
Opened
9,924
$2,263,863,000 0.22%
Invesco Exch Traded Fd Tr Ii
Opened
54,731
$2,260,393,000 0.22%
Target Corp
Opened
13,309
$2,171,136,000 0.22%
CDW Corp
Opened
9,694
$2,156,503,000 0.21%
Columbia Etf Tr I
Opened
42,179
$2,103,256,000 0.21%
Toro Co.
Opened
23,877
$2,087,345,000 0.21%
Eaton Corp Plc
13.74%
5,672
$1,874,993,000 0.19%
Zoetis Inc
Opened
10,944
$1,849,974,000 0.18%
Nike, Inc.
Opened
20,043
$1,822,710,000 0.18%
Mcdonalds Corp
92.91%
6,530
$1,795,644,000 0.18%
Visa Inc
352.84%
6,290
$1,765,857,000 0.17%
Wisdomtree Tr
Opened
43,150
$2,149,983,000 0.21%
Walmart Inc
233.04%
28,042
$1,695,989,000 0.17%
Broadcom Inc.
Opened
1,264
$1,684,120,000 0.17%
Janus Detroit Str Tr
14.13%
34,621
$1,673,588,000 0.17%
First Tr Exchange-traded Fd
Opened
27,690
$1,652,816,000 0.16%
Johnson & Johnson
157.15%
10,461
$1,568,225,000 0.16%
Dollar Gen Corp New
Opened
10,937
$1,541,540,000 0.15%
Disney Walt Co
235.65%
14,406
$1,524,046,000 0.15%
Zebra Technologies Corporati
Opened
4,818
$1,521,524,000 0.15%
DTE Energy Co.
28.72%
13,113
$1,514,438,000 0.15%
Extra Space Storage Inc.
Opened
10,231
$1,500,618,000 0.15%
Deere & Co.
17.45%
3,661
$1,493,306,000 0.15%
Ishares U S Etf Tr
112.11%
29,755
$1,488,656,000 0.15%
Qualcomm, Inc.
258.89%
7,874
$1,433,726,000 0.14%
Spdr Gold Tr
63.47%
6,421
$1,404,337,000 0.14%
International Business Machs
140.77%
8,369
$1,398,887,000 0.14%
Ishares Inc
471.21%
25,453
$1,356,899,000 0.13%
Proshares Tr
Closed
20,471
$1,332,048,000
NextEra Energy Inc
55.01%
17,877
$1,319,118,000 0.13%
Bank America Corp
21.92%
34,167
$1,313,722,000 0.13%
Tesla Inc
9.91%
7,772
$1,309,265,000 0.13%
Coca-Cola Co
167.48%
19,502
$1,233,683,000 0.12%
Pepsico Inc
12.35%
6,414
$1,153,108,000 0.11%
Invesco Db Multi-sector Comm
Opened
68,880
$1,454,370,000 0.14%
Ares Capital Corp
153.71%
53,406
$1,126,870,000 0.11%
Philip Morris International Inc
Opened
11,089
$1,105,171,000 0.11%
Spdr Dow Jones Indl Average
94.78%
2,683
$1,060,265,000 0.11%
Taiwan Semiconductor Mfg Ltd
Opened
6,839
$1,020,758,000 0.10%
Oreilly Automotive Inc
5.71%
962
$980,595,000 0.10%
American Express Co.
10.49%
3,951
$957,406,000 0.09%
Elevance Health Inc
Opened
1,752
$944,647,000 0.09%
Cisco Sys Inc
Opened
19,337
$929,357,000 0.09%
Schwab Charles Family Fd
Opened
926,325
$926,325,000 0.09%
Honeywell International Inc
205.08%
4,564
$926,221,000 0.09%
Principal Financial Group In
12.35%
10,973
$921,313,000 0.09%
Blackstone Inc
Opened
7,237
$897,733,000 0.09%
Abbott Labs
75.23%
8,383
$878,007,000 0.09%
Citigroup Inc
Opened
13,799
$876,660,000 0.09%
Broadstone Net Lease, Inc.
Opened
57,280
$872,948,000 0.09%
BP plc
0.58%
22,780
$861,991,000 0.09%
Duke Energy Corp.
229.67%
8,100
$831,621,000 0.08%
Knight-swift Transn Hldgs In
5.73%
16,458
$820,431,000 0.08%
Conocophillips
15.58%
6,668
$812,921,000 0.08%
Commerce Bancshares, Inc.
30.87%
14,055
$796,637,000 0.08%
Palo Alto Networks Inc
Opened
2,596
$772,232,000 0.08%
Vanguard Index Fds
Opened
12,139
$2,268,603,000 0.22%
Texas Instrs Inc
Opened
3,957
$740,194,000 0.07%
Blackrock Etf Trust
Opened
16,352
$725,201,000 0.07%
M & T Bk Corp
Opened
4,581
$703,916,000 0.07%
Pimco Etf Tr
25.47%
6,739
$676,138,000 0.07%
Merck & Co Inc
61.66%
5,170
$672,374,000 0.07%
Williams-Sonoma, Inc.
Opened
2,121
$670,109,000 0.07%
RTX Corp
Opened
6,248
$664,246,000 0.07%
Medtronic Plc
Opened
7,975
$660,630,000 0.07%
General Electric Co
39.49%
4,016
$656,091,000 0.06%
Pacer Fds Tr
Opened
18,313
$655,056,000 0.06%
Blackrock Muni Income Tr Ii
Opened
61,331
$651,334,000 0.06%
Tjx Cos Inc New
Opened
6,501
$642,330,000 0.06%
Quest Diagnostics, Inc.
Opened
4,533
$627,495,000 0.06%
Vanguard World Fd
51.01%
2,176
$621,839,000 0.06%
Oracle Corp.
48.97%
5,287
$616,790,000 0.06%
Union Pac Corp
32.31%
2,490
$615,995,000 0.06%
United Parcel Service, Inc.
Opened
4,179
$615,844,000 0.06%
Verizon Communications Inc
28.33%
15,165
$612,647,000 0.06%
Oneok Inc.
Opened
7,638
$611,600,000 0.06%
Applied Matls Inc
Opened
2,912
$610,734,000 0.06%
Trane Technologies plc
Opened
1,817
$603,208,000 0.06%
Alliant Energy Corp.
1.44%
11,711
$601,138,000 0.06%
Fidelity Natl Information Sv
Opened
8,040
$600,122,000 0.06%
Eversource Energy
2.52%
9,505
$588,531,000 0.06%
AT&T, Inc.
19.90%
34,121
$585,849,000 0.06%
Unilever plc
Opened
10,928
$584,757,000 0.06%
Spdr Ser Tr
Opened
47,205
$1,777,337,000 0.18%
Realty Income Corp.
4.03%
10,248
$563,758,000 0.06%
Pfizer Inc.
Opened
20,081
$562,463,000 0.06%
First Tr Exchng Traded Fd Vi
1.12%
33,654
$977,812,000 0.10%
Grayscale Bitcoin Tr Btc
Opened
10,201
$550,752,000 0.05%
Blackrock N Y Mun Income Tru
Opened
50,769
$545,517,000 0.05%
Plains Gp Hldgs L P
Opened
29,172
$538,515,000 0.05%
Linde Plc.
Opened
1,230
$534,422,000 0.05%
Kinder Morgan Inc
Opened
28,003
$534,297,000 0.05%
Vanguard Intl Equity Index F
77.37%
12,219
$531,040,000 0.05%
Clean Harbors, Inc.
7.36%
2,362
$499,185,000 0.05%
Vanguard Tax-managed Fds
Opened
9,872
$497,170,000 0.05%
Tyson Foods, Inc.
15.80%
8,127
$484,757,000 0.05%
Chubb Limited
10.60%
1,899
$483,829,000 0.05%
Occidental Pete Corp
8.68%
7,603
$483,323,000 0.05%
Wp Carey Inc
Opened
8,024
$468,500,000 0.05%
Otter Tail Corporation
0.14%
4,840
$449,830,000 0.04%
Mastercard Incorporated
Opened
976
$446,002,000 0.04%
Berry Global Group Inc
Closed
6,603
$444,976,000
Ameren Corp.
Opened
5,932
$441,345,000 0.04%
Us Bancorp Del
17.76%
10,457
$437,638,000 0.04%
Booking Holdings Inc
Opened
113
$430,050,000 0.04%
Progressive Corp.
19.41%
1,987
$428,728,000 0.04%
Altria Group Inc.
32.21%
9,433
$423,555,000 0.04%
Vanguard World Fd
Opened
14,318
$2,851,262,000 0.28%
T-Mobile US, Inc.
42.95%
2,556
$419,712,000 0.04%
Starbucks Corp.
Opened
5,428
$413,149,000 0.04%
Marathon Pete Corp
Opened
2,278
$409,016,000 0.04%
Centene Corp.
3.49%
5,221
$406,142,000 0.04%
Xcel Energy Inc.
8.21%
7,318
$405,851,000 0.04%
Edison Intl
48.87%
5,413
$405,380,000 0.04%
Graphic Packaging Hldg Co
4.65%
14,104
$391,950,000 0.04%
Dt Midstream Inc
25.87%
5,931
$388,024,000 0.04%
Wells Fargo Co New
Opened
6,262
$387,575,000 0.04%
MetLife, Inc.
23.84%
5,220
$379,679,000 0.04%
Ssga Active Etf Tr
18.77%
9,016
$378,120,000 0.04%
Brookfield Renewable Corporation
Opened
12,033
$377,716,000 0.04%
First Tr Lrge Cp Core Alpha
3.78%
3,793
$370,091,000 0.04%
Timken Co.
Opened
4,021
$368,846,000 0.04%
Autozone Inc.
Opened
123
$366,456,000 0.04%
Schwab Charles Corp
Opened
4,745
$361,142,000 0.04%
Netflix Inc.
39.29%
585
$357,359,000 0.04%
First Tr Exchange Trad Fd Vi
Opened
14,820
$356,421,000 0.04%
ONE Gas Inc
0.67%
5,550
$356,033,000 0.04%
LKQ Corp
9.93%
8,046
$355,715,000 0.04%
Ameriprise Finl Inc
10.85%
817
$354,210,000 0.04%
Energy Transfer L P
2.51%
21,866
$348,541,000 0.03%
CSX Corp.
21.01%
10,125
$348,085,000 0.03%
Accenture Plc Ireland
Opened
1,125
$344,596,000 0.03%
Fidelity Covington Trust
Opened
19,674
$573,756,000 0.06%
Bank New York Mellon Corp
1.77%
5,732
$334,967,000 0.03%
Chemung Finl Corp
Opened
7,581
$328,257,000 0.03%
Fedex Corp
16.65%
1,233
$327,664,000 0.03%
Vanguard Charlotte Fds
31.57%
6,676
$324,849,000 0.03%
Salesforce Inc
Opened
1,164
$322,172,000 0.03%
IQVIA Holdings Inc
Opened
1,368
$320,221,000 0.03%
Simplify Exchange Traded Fun
Opened
15,047
$319,899,000 0.03%
Lockheed Martin Corp.
Opened
679
$318,242,000 0.03%
Ford Mtr Co Del
32.32%
26,315
$315,521,000 0.03%
Intuitive Surgical Inc
Opened
807
$312,067,000 0.03%
Boeing Co.
Closed
1,195
$311,489,000
CRH Plc
Opened
3,630
$304,085,000 0.03%
3M Co.
11.36%
3,058
$302,508,000 0.03%
Grainger W W Inc
Opened
314
$301,319,000 0.03%
Invesco Exch Trd Slf Idx Fd
Opened
5,532
$298,440,000 0.03%
Nucor Corp.
Opened
1,705
$297,480,000 0.03%
Lowes Cos Inc
Opened
1,256
$295,243,000 0.03%
Chipotle Mexican Grill
Opened
89
$288,291,000 0.03%
Masco Corp.
5.83%
3,904
$282,298,000 0.03%
RB Global Inc
Opened
3,650
$279,129,000 0.03%
Vanguard Scottsdale Fds
Opened
7,869
$529,175,000 0.05%
Comcast Corp New
9.79%
7,022
$276,052,000 0.03%
Smucker J M Co
Opened
2,389
$275,497,000 0.03%
Hercules Capital Inc
24.36%
13,248
$263,635,000 0.03%
Vanguard Mun Bd Fds
Opened
5,247
$263,278,000 0.03%
Global Net Lease, Inc.
11.84%
35,182
$262,454,000 0.03%
Evergy Inc
8.88%
4,721
$261,640,000 0.03%
Vanguard Scottsdale Fds
6.57%
3,383
$260,096,000 0.03%
Waste Mgmt Inc Del
Opened
1,209
$255,665,000 0.03%
Nuveen Taxable Municpal Inm
Closed
16,048
$253,392,000
Prudential Finl Inc
Opened
2,116
$251,436,000 0.02%
MGM Resorts International
1.61%
6,127
$248,574,000 0.02%
Ppg Inds Inc
4.77%
1,823
$246,645,000 0.02%
WEC Energy Group Inc
8.89%
2,877
$245,782,000 0.02%
Invesco Exch Traded Fd Tr Ii
4.36%
12,051
$243,551,000 0.02%
Abrdn Etfs
Closed
12,301
$238,147,000
Ishares Tr
Closed
4,690
$237,408,000
American Elec Pwr Co Inc
Opened
2,589
$237,178,000 0.02%
The Southern Co.
Opened
2,976
$232,572,000 0.02%
Ishares Inc
Opened
4,035
$232,034,000 0.02%
American Homes 4 Rent
9.82%
6,329
$228,289,000 0.02%
Constellation Energy Corp
Opened
1,058
$227,396,000 0.02%
Intel Corp.
Opened
7,346
$219,282,000 0.02%
Etf Ser Solutions
0.76%
9,257
$217,450,000 0.02%
Hennessy Fds Tr
Opened
7,118
$209,678,000 0.02%
Graniteshares Etf Tr
Opened
10,122
$208,513,000 0.02%
Workday Inc
5.63%
844
$207,911,000 0.02%
Wisdomtree Tr
Closed
3,223
$205,793,000
Novo-nordisk A S
Opened
1,586
$203,610,000 0.02%
Healthcare Rlty Tr
No change
12,926
$198,668,000 0.02%
Peakstone Realty Trust
10.22%
11,461
$170,427,000 0.02%
Prospect Cap Corp
3.84%
28,701
$156,992,000 0.02%
Dnp Select Income Fd Inc
Opened
15,367
$138,613,000 0.01%
Cohen & Steers Total Return
No change
10,893
$126,903,000 0.01%
Fs Credit Opportunities Corp
Closed
15,367
$87,132,000
Joby Aviation Inc
Opened
13,916
$70,415,000 0.01%
PHX Minerals Inc
No change
21,000
$69,510,000 0.01%
Sirius XM Holdings Inc
12.52%
15,328
$46,442,000 0.00%
Mondee Holdings Inc
No change
17,714
$39,148,000 0.00%
Uranium Rty Corp
Opened
11,000
$27,940,000 0.00%
Emx Rty Corp
Closed
13,587
$22,011,000
Theratechnologies Inc.
Opened
10,500
$12,810,000 0.00%
No transactions found
Showing first 500 out of 244 holdings