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