Provident Wealth Management 13F annual report
Provident Wealth Management is an investment fund managing more than $273 billion ran by Keith Mckissock. There are currently 57 companies in Mr. Mckissock’s portfolio. The largest investments include T Rowe Price Etf Inc and Pacer Fds Tr, together worth $84.1 billion.
$273 billion Assets Under Management (AUM)
As of 10th July 2024, Provident Wealth Management’s top holding is 1,269,457 shares of T Rowe Price Etf Inc currently worth over $43.7 billion and making up 16.0% of the portfolio value.
In addition, the fund holds 763,705 shares of Pacer Fds Tr worth $40.4 billion.
The third-largest holding is Schwab Strategic Tr worth $58.5 billion and the next is Ishares Tr worth $34.1 billion, with 509,322 shares owned.
Currently, Provident Wealth Management's portfolio is worth at least $273 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 Provident Wealth Management
The Provident Wealth Management office and employees reside in Brentwood, Tennessee. According to the last 13-F report filed with the SEC, Keith Mckissock serves as the Chief Compliance Officer at Provident Wealth Management.
Recent trades
In the most recent 13F filing, Provident Wealth Management revealed that it had opened a new position in
Putnam ETF Trust and bought 161,707 shares worth $5.87 billion.
This means they effectively own 0.1% of the company.
The investment fund also strengthened its position in T Rowe Price Etf Inc by buying
672,333 additional shares.
This makes their stake in T Rowe Price Etf Inc total 1,269,457 shares worth $43.7 billion.
On the other hand, there are companies that Provident Wealth Management is getting rid of from its portfolio.
Provident Wealth Management closed its position in Vanguard Admiral Fds Inc on 17th July 2024.
It sold the previously owned 119,759 shares for $21.6 billion.
Keith Mckissock also disclosed a decreased stake in VanEck ETF Trust by 0.6%.
This leaves the value of the investment at $5.84 billion and 67,403 shares.
One of the smaller hedge funds
The two most similar investment funds to Provident Wealth Management are Breakwater Capital and Kidder Stephen W. They manage $273 billion and $273 billion respectively.
Keith Mckissock investment strategy
Provident Wealth Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Miscellaneous — making up 4.1% of
the total portfolio value.
The fund focuses on investments in the United States as
29.8% 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
26% of the total holdings value.
On the other hand, small-cap stocks make up only 7.0% of the portfolio.
The average market cap of the portfolio companies is close to $442 billion.
The complete list of Provident Wealth Management trades based on 13F SEC filings
These positions were updated on July 17th 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 |
|---|---|---|---|
| T Rowe Price Etf Inc |
112.60%
1,269,457
|
$43,656,626,000 | 15.99% |
| Pacer Fds Tr |
12.05%
763,705
|
$40,419,925,000 | 14.81% |
| Schwab Strategic Tr |
2.46%
784,079
|
$58,474,850,000 | 21.42% |
| Ishares Tr |
8.20%
509,322
|
$34,121,482,000 | 12.50% |
| Vanguard Admiral Fds Inc |
Closed
119,759
|
$21,612,965,000 | |
| Vanguard Index Fds |
10.41%
82,240
|
$14,610,228,000 | 5.35% |
| Putnam ETF Trust |
Opened
161,707
|
$5,869,964,000 | 2.15% |
| VanEck ETF Trust |
62.20%
67,403
|
$5,837,774,000 | 2.14% |
| Harbor ETF Trust |
24.79%
207,863
|
$5,256,855,000 | 1.93% |
| Invesco Exchange Traded Fd T |
5.01%
296,678
|
$12,803,074,000 | 4.69% |
| Spdr Ser Tr |
8.11%
100,565
|
$9,305,408,000 | 3.41% |
| Procter And Gamble Co |
0.24%
24,154
|
$3,983,478,000 | 1.46% |
| Vanguard Tax-managed Fds |
7.98%
69,970
|
$3,457,917,000 | 1.27% |
| Vanguard Bd Index Fds |
0.18%
74,034
|
$5,610,785,000 | 2.06% |
| Pimco Etf Tr |
1.36%
30,785
|
$2,311,646,000 | 0.85% |
| Apple Inc |
16.46%
10,489
|
$2,209,193,000 | 0.81% |
| Gallagher Arthur J & Co |
2.70%
7,088
|
$1,837,989,000 | 0.67% |
| First Tr Exch Traded Fd Iii |
24.23%
25,116
|
$1,572,010,000 | 0.58% |
| Ishares Inc |
2.36%
23,211
|
$1,374,091,000 | 0.50% |
| Flexshares Tr |
30.37%
33,663
|
$1,351,233,000 | 0.49% |
| Dimensional Etf Trust |
4.67%
54,335
|
$1,338,271,000 | 0.49% |
| American Centy Etf Tr |
24.44%
14,284
|
$1,281,560,000 | 0.47% |
| Eli Lilly & Co |
2.54%
1,333
|
$1,206,872,000 | 0.44% |
| Microsoft Corporation |
22.20%
2,389
|
$1,067,764,000 | 0.39% |
| Honeywell International Inc |
1.07%
4,234
|
$904,128,000 | 0.33% |
| Alps Etf Tr |
24.84%
18,434
|
$884,463,000 | 0.32% |
| Exxon Mobil Corp. |
4.37%
6,476
|
$745,546,000 | 0.27% |
| Etfis Ser Tr I |
0.61%
32,170
|
$729,294,000 | 0.27% |
| Spdr Gold Tr |
Opened
3,154
|
$678,142,000 | 0.25% |
| International Business Machs |
Closed
2,783
|
$531,442,000 | |
| Ishares Inc |
Opened
6,500
|
$609,015,000 | 0.22% |
| Amazon.com Inc. |
23.19%
2,656
|
$513,272,000 | 0.19% |
| Wisdomtree Tr |
22.46%
23,300
|
$486,784,000 | 0.18% |
| Ishares Tr |
Opened
7,985
|
$1,023,075,000 | 0.37% |
| Proshares Tr |
No change
8,000
|
$625,280,000 | 0.23% |
| NVIDIA Corp |
Opened
3,640
|
$449,686,000 | 0.16% |
| Coca-Cola Co |
No change
6,817
|
$433,902,000 | 0.16% |
| Ppg Inds Inc |
No change
3,144
|
$395,798,000 | 0.14% |
| HCA Healthcare Inc |
No change
1,008
|
$323,850,000 | 0.12% |
| Tesla Inc |
1.42%
1,601
|
$316,806,000 | 0.12% |
| Spdr S&p 500 Etf Tr |
2.24%
567
|
$308,573,000 | 0.11% |
| Genelux Corporation |
No change
157,137
|
$306,417,000 | 0.11% |
| Select Sector Spdr Tr |
139.92%
5,487
|
$775,701,000 | 0.28% |
| Johnson & Johnson |
12.10%
1,882
|
$275,073,000 | 0.10% |
| MainStreet Bancshares Inc |
No change
14,554
|
$258,042,000 | 0.09% |
| Vanguard World Fd |
No change
804
|
$252,625,000 | 0.09% |
| Meta Platforms Inc |
14.82%
488
|
$246,059,000 | 0.09% |
| Mcdonalds Corp |
3.21%
965
|
$245,921,000 | 0.09% |
| Pepsico Inc |
6.59%
1,489
|
$245,581,000 | 0.09% |
| Select Sector Spdr Tr |
Opened
5,000
|
$367,070,000 | 0.13% |
| Brown & Brown, Inc. |
No change
2,689
|
$240,423,000 | 0.09% |
| Vanguard Specialized Funds |
No change
1,254
|
$228,951,000 | 0.08% |
| Pinnacle Finl Partners Inc |
No change
2,740
|
$219,310,000 | 0.08% |
| Mastercard Incorporated |
Opened
466
|
$205,581,000 | 0.08% |
| Unitedhealth Group Inc |
Opened
403
|
$205,232,000 | 0.08% |
| Alphabet Inc |
Opened
1,396
|
$255,101,000 | 0.09% |
| Invesco Exch Traded Fd Tr Ii |
9.29%
4,346
|
$236,329,000 | 0.09% |
| Select Sector Spdr Tr |
Closed
998
|
$73,241,000 | |
| Ishares Inc |
Closed
874
|
$45,098,000 | |
| Solitario Resources Corp |
No change
29,332
|
$25,959,000 | 0.01% |
| Ishares Tr |
Closed
477
|
$33,640,000 | |
| Vanguard Index Fds |
Closed
35
|
$8,001,000 | |
| Pacer Fds Tr |
Opened
33
|
$2,379,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 63 holdings | |||
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