Vericrest Private Wealth 13F annual report
Vericrest Private Wealth is an investment fund managing more than $80.4 million ran by Griffin Haviken. There are currently 17 companies in Mr. Haviken’s portfolio. The largest investments include Ishares Tr and Spdr Tr Sp 500 Etf Tr, together worth $57.1 million.
$80.4 million Assets Under Management (AUM)
As of 8th August 2022, Vericrest Private Wealth’s top holding is 586,232 shares of Ishares Tr currently worth over $51.1 million and making up 63.5% of the portfolio value.
In addition, the fund holds 15,940 shares of Spdr Tr Sp 500 Etf Tr worth $6.01 million.
The third-largest holding is Apple Inc worth $3.97 million and the next is Spdr Ser Tr worth $4.87 million, with 143,752 shares owned.
Currently, Vericrest Private Wealth's portfolio is worth at least $80.4 million. 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 Vericrest Private Wealth
The Vericrest Private Wealth office and employees reside in Newtown, Pennsylvania. According to the last 13-F report filed with the SEC, Griffin Haviken serves as the Managing Member at Vericrest Private Wealth.
Recent trades
In the most recent 13F filing, Vericrest Private Wealth revealed that it had opened a new position in
Precision BioSciences and bought 154,694 shares worth $248 thousand.
This means they effectively own approximately 0.1% of the company.
Precision BioSciences makes up
50.1%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Apple Inc by buying
364 additional shares.
This makes their stake in Apple Inc total 29,058 shares worth $3.97 million.
Apple Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Vericrest Private Wealth is getting rid of from its portfolio.
Vericrest Private Wealth closed its position in PhaseBio Pharmaceuticals on 15th August 2022.
It sold the previously owned 1,051,940 shares for $1.39 million.
Griffin Haviken also disclosed a decreased stake in Ishares Tr by approximately 0.1%.
This leaves the value of the investment at $51.1 million and 586,232 shares.
One of the smallest hedge funds
The two most similar investment funds to Vericrest Private Wealth are Forbes Planning and Caxton Corp. They manage $80.3 million and $80.3 million respectively.
Griffin Haviken investment strategy
Vericrest Private Wealth’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 5.2% of
the total portfolio value.
The fund focuses on investments in the United States as
41.2% 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
41% of the total holdings value.
On the other hand, small-cap stocks make up only 5.9% of the portfolio.
The average market cap of the portfolio companies is close to $544 billion.
The complete list of Vericrest Private Wealth trades based on 13F SEC filings
These positions were updated on August 15th 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 |
4.24%
586,232
|
$51,059,000 | 63.54% |
| Spdr Tr Sp 500 Etf Tr |
2.06%
15,940
|
$6,013,000 | 7.48% |
| Apple Inc |
1.27%
29,058
|
$3,973,000 | 4.94% |
| Spdr Ser Tr |
7.60%
143,752
|
$4,874,000 | 6.07% |
| Spdr Index Shs Fds |
0.89%
145,873
|
$4,547,000 | 5.66% |
| SPDR Series Trust |
0.89%
74,491
|
$2,382,000 | 2.96% |
| Invesco Exchng Traded Fd Tr |
10.20%
111,029
|
$2,057,000 | 2.56% |
| PhaseBio Pharmaceuticals, Inc. |
Closed
1,051,940
|
$1,389,000 | |
| Microsoft Corporation |
No change
4,504
|
$1,157,000 | 1.44% |
| Meta Platforms Inc |
No change
5,651
|
$911,000 | 1.13% |
| Select Sector Spdr Tr |
No change
9,224
|
$660,000 | 0.82% |
| Vanguard World Fds |
No change
3,453
|
$868,000 | 1.08% |
| Jpmorgan Chase Co |
No change
4,237
|
$477,000 | 0.59% |
| Alphabet Inc |
No change
198
|
$431,000 | 0.54% |
| Precision BioSciences, Inc. |
Opened
154,694
|
$248,000 | 0.31% |
| Pfizer Inc. |
No change
4,715
|
$247,000 | 0.31% |
| Coupang, Inc. |
No change
17,970
|
$229,000 | 0.28% |
| Consolidated Edison, Inc. |
No change
2,374
|
$226,000 | 0.28% |
| No transactions found | |||
| Showing first 500 out of 18 holdings | |||
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