Paul Damon & Associates 13F annual report
Paul Damon & Associates is an investment fund managing more than $140 billion ran by Paul Damon. There are currently 56 companies in Mr. Damon’s portfolio. The largest investments include Schwab Strategic Tr and Wisdomtree Tr, together worth $30.2 billion.
$140 billion Assets Under Management (AUM)
As of 19th October 2023, Paul Damon & Associates’s top holding is 224,361 shares of Schwab Strategic Tr currently worth over $15.9 billion and making up 11.3% of the portfolio value.
In addition, the fund holds 227,916 shares of Wisdomtree Tr worth $14.3 billion.
The third-largest holding is Ishares Tr worth $22.1 billion and the next is Amazon.com worth $8.17 billion, with 64,231 shares owned.
Currently, Paul Damon & Associates's portfolio is worth at least $140 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 Paul Damon & Associates
The Paul Damon & Associates office and employees reside in Grand Rapids, Michigan. According to the last 13-F report filed with the SEC, Paul Damon serves as the President at Paul Damon & Associates.
Recent trades
In the most recent 13F filing, Paul Damon & Associates revealed that it had opened a new position in
Invesco Exchange Traded Fd T and bought 5,712 shares worth $460 million.
The investment fund also strengthened its position in Wisdomtree Tr by buying
6,480 additional shares.
This makes their stake in Wisdomtree Tr total 227,916 shares worth $14.3 billion.
On the other hand, there are companies that Paul Damon & Associates is getting rid of from its portfolio.
Paul Damon & Associates closed its position in Delta Air Lines on 25th October 2023.
It sold the previously owned 4,849 shares for $231 million.
Paul Damon also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%.
This leaves the value of the investment at $15.9 billion and 224,361 shares.
One of the smallest hedge funds
The two most similar investment funds to Paul Damon & Associates are Lagoda Investment Management, L.P. and Concorde Corp. They manage $140 billion and $140 billion respectively.
Paul Damon investment strategy
Paul Damon & Associates’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 8.5% of
the total portfolio value.
The fund focuses on investments in the United States as
30.4% 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
27% of the total holdings value.
On the other hand, small-cap stocks make up only 5.4% of the portfolio.
The average market cap of the portfolio companies is close to $424 billion.
The complete list of Paul Damon & Associates trades based on 13F SEC filings
These positions were updated on October 25th 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 |
|---|---|---|---|
| Schwab Strategic Tr |
3.56%
224,361
|
$15,875,819,000 | 11.34% |
| Wisdomtree Tr |
2.93%
227,916
|
$14,293,004,000 | 10.21% |
| Ishares Tr |
2.20%
168,956
|
$22,076,942,000 | 15.76% |
| Amazon.com Inc. |
0.78%
64,231
|
$8,165,045,000 | 5.83% |
| First Tr Exchng Traded Fd Vi |
2.98%
195,133
|
$7,842,772,000 | 5.60% |
| First Tr Value Line Divid In |
4.83%
198,829
|
$7,434,226,000 | 5.31% |
| First Tr Exchange-traded Fd |
20.65%
208,790
|
$10,720,294,000 | 7.65% |
| Spdr Sp 500 Etf Tr |
6.49%
14,869
|
$6,356,200,000 | 4.54% |
| Fidelity Merrimack Str Tr |
9.01%
132,146
|
$5,756,297,000 | 4.11% |
| First Tr Exch Traded Fd Iii |
2.80%
129,796
|
$5,019,600,000 | 3.58% |
| Invesco Actively Managed Etf |
2.76%
109,418
|
$3,409,104,000 | 2.43% |
| Franklin Templeton Etf Tr |
7.99%
79,250
|
$3,404,573,000 | 2.43% |
| Apple Inc |
0.17%
19,230
|
$3,292,419,000 | 2.35% |
| Microsoft Corporation |
0.78%
6,702
|
$2,116,000,000 | 1.51% |
| VanEck ETF Trust |
6.28%
43,531
|
$1,919,701,000 | 1.37% |
| Victory Portfolios II |
1.22%
24,210
|
$1,426,453,000 | 1.02% |
| Berkshire Hathaway Inc. |
4.34%
4,051
|
$1,419,065,000 | 1.01% |
| Vanguard Index Fds |
8.80%
8,124
|
$1,785,075,000 | 1.27% |
| Spdr Ser Tr |
9.15%
11,695
|
$1,503,835,000 | 1.07% |
| J P Morgan Exchange Traded F |
6.95%
29,714
|
$1,167,462,000 | 0.83% |
| Proshares Tr |
17.87%
39,959
|
$2,069,407,000 | 1.48% |
| Select Sector Spdr Tr |
0.06%
4,778
|
$783,258,000 | 0.56% |
| Intuitive Surgical Inc |
No change
2,121
|
$619,947,000 | 0.44% |
| Alphabet Inc |
1.05%
8,271
|
$1,086,742,000 | 0.78% |
| Visa Inc |
2.54%
2,539
|
$583,995,000 | 0.42% |
| NVIDIA Corp |
3.66%
1,290
|
$561,137,000 | 0.40% |
| Applied Matls Inc |
47.27%
3,636
|
$503,404,000 | 0.36% |
| Dynex Cap Inc |
1.15%
41,819
|
$499,321,000 | 0.36% |
| Goldman Sachs BDC Inc |
0.25%
32,637
|
$475,191,000 | 0.34% |
| Invesco Exch Traded Fd Tr Ii |
No change
7,874
|
$462,912,000 | 0.33% |
| Vanguard World Fds |
3.62%
5,731
|
$460,314,000 | 0.33% |
| Invesco Exchange Traded Fd T |
Opened
5,712
|
$460,044,000 | 0.33% |
| Mastercard Incorporated |
5.17%
1,063
|
$420,852,000 | 0.30% |
| Ishares Tr |
Opened
9,118
|
$626,402,000 | 0.45% |
| Asml Holding N V |
65.96%
629
|
$370,267,000 | 0.26% |
| VanEck ETF Trust |
Opened
4,451
|
$337,564,000 | 0.24% |
| First Tr Lrg Cp Vl Alphadex |
No change
5,105
|
$330,702,000 | 0.24% |
| Splunk Inc |
8.72%
2,093
|
$306,101,000 | 0.22% |
| Vanguard Scottsdale Fds |
No change
3,985
|
$299,473,000 | 0.21% |
| Nuveen Amt Free Qlty Mun Inc |
No change
29,407
|
$284,660,000 | 0.20% |
| Exxon Mobil Corp. |
No change
2,407
|
$282,961,000 | 0.20% |
| American Express Co. |
0.22%
1,836
|
$273,860,000 | 0.20% |
| Rivian Automotive, Inc. |
5.35%
10,783
|
$261,811,000 | 0.19% |
| Tesla Inc |
15.18%
1,011
|
$252,972,000 | 0.18% |
| Penumbra Inc |
No change
1,000
|
$241,910,000 | 0.17% |
| First Tr Exchange Traded Fd |
13.44%
2,801
|
$235,222,000 | 0.17% |
| First Tr Exchng Traded Fd Vi |
Opened
9,548
|
$233,831,000 | 0.17% |
| Select Sector Spdr Tr |
Opened
2,557
|
$231,127,000 | 0.17% |
| Delta Air Lines, Inc. |
Closed
4,849
|
$230,521,000 | |
| Invesco Exch Trd Slf Idx Fd |
Opened
5,018
|
$230,025,000 | 0.16% |
| Jpmorgan Chase Co |
Closed
1,576
|
$229,213,000 | |
| First Tr Exchange-traded Fd |
Closed
11,163
|
$441,362,000 | |
| Vanguard Index Fds |
Opened
1,613
|
$222,481,000 | 0.16% |
| American Centy Etf Tr |
No change
4,478
|
$217,820,000 | 0.16% |
| Exchange Traded Concepts Tr |
No change
4,206
|
$211,814,000 | 0.15% |
| Coca-Cola Co |
2.20%
3,767
|
$210,876,000 | 0.15% |
| Blackrock Muniyield Mich Qu |
No change
17,924
|
$177,989,000 | 0.13% |
| Ellington Financial Inc. |
Closed
10,007
|
$138,094,000 | |
| New Mtn Fin Corp |
1.05%
10,615
|
$137,469,000 | 0.10% |
| Apollo Coml Real Est Fin Inc |
0.17%
10,272
|
$104,058,000 | 0.07% |
| No transactions found | |||
| Showing first 500 out of 60 holdings | |||
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