Drexel Morgan & Co 13F annual report
Drexel Morgan & Co is an investment fund managing more than $463 billion ran by Marieelena Ness. There are currently 52 companies in Ness’s portfolio. The largest investments include AT&T and Cleveland-Cliffs Inc, together worth $145 billion.
$463 billion Assets Under Management (AUM)
As of 5th August 2024, Drexel Morgan & Co’s top holding is 5,123,320 shares of AT&T currently worth over $97.9 billion and making up 21.1% of the portfolio value.
Relative to the number of outstanding shares of AT&T, Drexel Morgan & Co owns less than approximately 0.1% of the company.
In addition, the fund holds 3,083,995 shares of Cleveland-Cliffs Inc worth $47.5 billion, whose value fell 32.7% in the past six months.
The third-largest holding is Warner Bros.Discovery Inc worth $34.2 billion and the next is Johnson & Johnson worth $31.6 billion, with 216,257 shares owned.
Currently, Drexel Morgan & Co's portfolio is worth at least $463 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 Drexel Morgan & Co
The Drexel Morgan & Co office and employees reside in Radnor, Pennsylvania. According to the last 13-F report filed with the SEC, Marieelena Ness serves as the Vice President at Drexel Morgan & Co.
Recent trades
In the most recent 13F filing, Drexel Morgan & Co revealed that it had opened a new position in
Invesco S&p 500 Equal Weight Etf and bought 5,950 shares worth $977 million.
The investment fund also strengthened its position in AT&T by buying
3,860 additional shares.
This makes their stake in AT&T total 5,123,320 shares worth $97.9 billion.
AT&T dropped approximately 0.1% in the past year.
On the other hand, there are companies that Drexel Morgan & Co is getting rid of from its portfolio.
Drexel Morgan & Co closed its position in Kyndryl Holdings Inc on 12th August 2024.
It sold the previously owned 25,984 shares for $540 million.
Marieelena Ness also disclosed a decreased stake in Unilever Plc Sponsored Adr by approximately 0.1%.
This leaves the value of the investment at $1.73 billion and 31,372 shares.
One of the average hedge funds
The two most similar investment funds to Drexel Morgan & Co are Regatta Capital Group and Strategic Global Advisors. They manage $463 billion and $463 billion respectively.
Marieelena Ness investment strategy
Drexel Morgan & Co’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Communication Services — making up 28.5% of
the total portfolio value.
The fund focuses on investments in the United States as
61.5% 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
60% of the total holdings value.
On the other hand, small-cap stocks make up only 1.9% of the portfolio.
The average market cap of the portfolio companies is close to $317 billion.
The complete list of Drexel Morgan & Co trades based on 13F SEC filings
These positions were updated on August 12th 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 |
|---|---|---|---|
| AT&T Inc. |
0.08%
5,123,320
|
$97,906,645,000 | 21.14% |
| Cleveland-Cliffs Inc |
3.13%
3,083,995
|
$47,462,683,000 | 10.25% |
| Warner Bros.Discovery Inc |
97.60%
4,600,463
|
$34,227,445,000 | 7.39% |
| Johnson & Johnson |
0.07%
216,257
|
$31,608,123,000 | 6.82% |
| Coca-Cola Co |
0.04%
456,411
|
$29,050,560,000 | 6.27% |
| International Business Machines Corp. |
No change
139,735
|
$24,167,168,000 | 5.22% |
| J.p. Morgan Chase & Co |
0.11%
113,589
|
$22,974,511,000 | 4.96% |
| Ford Motor Co. |
45.45%
1,600,000
|
$20,064,000,000 | 4.33% |
| American Express Co. |
No change
70,918
|
$16,421,063,000 | 3.55% |
| Schlumberger Ltd. |
0.66%
342,412
|
$16,154,998,000 | 3.49% |
| Microsoft Corporation |
0.37%
30,129
|
$13,466,157,000 | 2.91% |
| CVS Health Corp |
99.97%
200,165
|
$11,821,745,000 | 2.55% |
| Deere & Co. |
7.59%
28,065
|
$10,485,926,000 | 2.26% |
| Apple Inc |
0.78%
44,296
|
$9,329,624,000 | 2.01% |
| Caterpillar Inc. |
0.50%
27,886
|
$9,288,827,000 | 2.01% |
| Exxon Mobil Corp. |
0.12%
68,680
|
$7,906,442,000 | 1.71% |
| Spdr Tr Unit Ser 1 |
2.40%
10,436
|
$5,679,480,000 | 1.23% |
| Procter & Gamble Co. |
0.90%
29,590
|
$4,879,983,000 | 1.05% |
| Washington Tr Bancorp Inc |
No change
167,123
|
$4,580,841,000 | 0.99% |
| Union Pacific Corp. |
9.43%
19,373
|
$4,383,335,000 | 0.95% |
| Merck & Co Inc |
1.43%
29,292
|
$3,626,350,000 | 0.78% |
| Abbott Labs |
2.72%
34,181
|
$3,551,748,000 | 0.77% |
| Emerson Electric Co. |
1.41%
29,904
|
$3,294,225,000 | 0.71% |
| Mcdonalds Corp |
4.69%
12,579
|
$3,205,632,000 | 0.69% |
| Colgate-Palmolive Co. |
No change
28,820
|
$2,796,693,000 | 0.60% |
| Shell Plc - Adr |
No change
38,544
|
$2,782,106,000 | 0.60% |
| 3M Co. |
9.47%
23,122
|
$2,362,837,000 | 0.51% |
| Lilly, Eli & Company |
No change
2,134
|
$1,932,081,000 | 0.42% |
| Raytheon Technologies Corp |
3.55%
18,290
|
$1,836,133,000 | 0.40% |
| Disney Walt Productions |
6.03%
17,586
|
$1,746,114,000 | 0.38% |
| Unilever Plc Sponsored Adr |
1.10%
31,372
|
$1,725,146,000 | 0.37% |
| Medtronic Plc |
1.03%
21,546
|
$1,695,886,000 | 0.37% |
| DuPont de Nemours Inc |
5.38%
16,012
|
$1,288,806,000 | 0.28% |
| Home Depot, Inc. |
No change
3,300
|
$1,135,992,000 | 0.25% |
| Novartis Ag - Adr |
No change
9,720
|
$1,034,791,000 | 0.22% |
| Invesco S&p 500 Equal Weight Etf |
Opened
5,950
|
$977,466,000 | 0.21% |
| Spdr Dow Jones Industrial Average Etf |
No change
2,000
|
$782,260,000 | 0.17% |
| Ishares Russell 2000 Index Fund |
No change
2,866
|
$581,483,000 | 0.13% |
| Chevron Corp. |
40.00%
3,500
|
$547,470,000 | 0.12% |
| Carrier Global Corporation |
No change
8,578
|
$541,100,000 | 0.12% |
| Kyndryl Holdings Inc |
Closed
25,984
|
$539,948,000 | |
| Pepsico Inc |
7.69%
2,800
|
$461,804,000 | 0.10% |
| Ishares Core S&p Mid-cap Etf |
448.83%
7,755
|
$453,823,000 | 0.10% |
| Otis Worldwide Corporation |
No change
4,288
|
$412,763,000 | 0.09% |
| Spdr Financial Select |
No change
10,000
|
$411,100,000 | 0.09% |
| Wells Fargo Co |
No change
6,747
|
$400,704,000 | 0.09% |
| Abbvie Inc |
18.09%
1,900
|
$325,888,000 | 0.07% |
| Alphabet Inc |
Opened
1,520
|
$276,868,000 | 0.06% |
| Amazon.com Inc. |
Opened
1,400
|
$270,550,000 | 0.06% |
| Lowes Cos Inc |
8.00%
1,080
|
$238,097,000 | 0.05% |
| AMGEN Inc. |
No change
750
|
$234,338,000 | 0.05% |
| NVIDIA Corp |
Opened
1,800
|
$222,372,000 | 0.05% |
| Ishares Tr |
Closed
3,110
|
$218,789,000 | |
| Berkshire Hathaway Inc. |
27.85%
500
|
$203,400,000 | 0.04% |
| No transactions found | |||
| Showing first 500 out of 54 holdings | |||
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