Channel Wealth 13F annual report
Channel Wealth is an investment fund managing more than $269 billion ran by Michelle Eldridge. There are currently 126 companies in Mrs. Eldridge’s portfolio. The largest investments include Angel Oak Funds Trust and Apple Inc, together worth $31.7 billion.
$269 billion Assets Under Management (AUM)
As of 29th July 2024, Channel Wealth’s top holding is 867,688 shares of Angel Oak Funds Trust currently worth over $17.9 billion and making up 6.6% of the portfolio value.
In addition, the fund holds 65,536 shares of Apple Inc worth $13.8 billion, whose value grew 17.1% in the past six months.
The third-largest holding is Microsoft worth $9 billion and the next is Spdr Ser Tr worth $10.5 billion, with 170,662 shares owned.
Currently, Channel Wealth's portfolio is worth at least $269 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 Channel Wealth
The Channel Wealth office and employees reside in Santa Barbara, California. According to the last 13-F report filed with the SEC, Michelle Eldridge serves as the SR. COMPLIANCE OFFICER at Channel Wealth.
Recent trades
In the most recent 13F filing, Channel Wealth revealed that it had opened a new position in
Harbor ETF Trust and bought 159,970 shares worth $3.6 billion.
This means they effectively own approximately 0.1% of the company.
Harbor ETF Trust makes up
100.0%
of the fund's Miscellaneous sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Angel Oak Funds Trust by buying
178,691 additional shares.
This makes their stake in Angel Oak Funds Trust total 867,688 shares worth $17.9 billion.
On the other hand, there are companies that Channel Wealth is getting rid of from its portfolio.
Channel Wealth closed its position in Zoetis Inc on 5th August 2024.
It sold the previously owned 19,129 shares for $3.24 billion.
Michelle Eldridge also disclosed a decreased stake in J P Morgan Exchange Traded F by 0.2%.
This leaves the value of the investment at $5.87 billion and 103,554 shares.
One of the smaller hedge funds
The two most similar investment funds to Channel Wealth are Kps Global Asset Management Uk Ltd and West Branch Capital. They manage $269 billion and $269 billion respectively.
Michelle Eldridge investment strategy
Channel Wealth’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 14.3% of
the total portfolio value.
The fund focuses on investments in the United States as
44.4% 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
44% of the total holdings value.
On the other hand, small-cap stocks make up only 0.8% of the portfolio.
The average market cap of the portfolio companies is close to $233 billion.
The complete list of Channel Wealth trades based on 13F SEC filings
These positions were updated on August 5th 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 |
|---|---|---|---|
| Angel Oak Funds Trust |
25.93%
867,688
|
$17,874,375,000 | 6.64% |
| Apple Inc |
11.19%
65,536
|
$13,803,297,000 | 5.13% |
| Microsoft Corporation |
5.44%
20,143
|
$9,002,784,000 | 3.34% |
| Spdr Ser Tr |
20.15%
170,662
|
$10,452,587,000 | 3.88% |
| NVIDIA Corp |
963.09%
62,648
|
$7,739,532,000 | 2.87% |
| Alphabet Inc |
4.70%
48,363
|
$8,858,546,000 | 3.29% |
| Novo-nordisk A S |
42.35%
49,597
|
$7,079,476,000 | 2.63% |
| Goldman Sachs Etf Tr |
25.66%
212,357
|
$8,916,031,000 | 3.31% |
| Powershares Actively Managed |
10.81%
146,533
|
$6,793,270,000 | 2.52% |
| Invesco Exch Trd Slf Idx Fd |
17.30%
121,735
|
$6,389,870,000 | 2.37% |
| Berkshire Hathaway Inc. |
4.81%
14,756
|
$6,002,741,000 | 2.23% |
| J P Morgan Exchange Traded F |
20.43%
103,554
|
$5,869,432,000 | 2.18% |
| Pacer Fds Tr |
36.79%
224,945
|
$7,446,820,000 | 2.77% |
| Eli Lilly Co |
0.31%
5,509
|
$4,987,461,000 | 1.85% |
| Asml Holding N V |
29.75%
4,789
|
$4,897,854,000 | 1.82% |
| Unitedhealth Group Inc |
11.32%
8,625
|
$4,392,368,000 | 1.63% |
| Mckesson Corporation |
26.49%
7,511
|
$4,386,724,000 | 1.63% |
| Appfolio Inc |
No change
17,860
|
$4,368,020,000 | 1.62% |
| HDFC Bank Ltd. |
28.40%
67,524
|
$4,343,819,000 | 1.61% |
| Vanguard Specialized Funds |
0.86%
19,963
|
$3,644,246,000 | 1.35% |
| Schwab Strategic Tr |
10.31%
66,890
|
$4,969,971,000 | 1.85% |
| Harbor ETF Trust |
Opened
159,970
|
$3,598,526,000 | 1.34% |
| Abbvie Inc |
32.34%
19,764
|
$3,389,921,000 | 1.26% |
| MercadoLibre Inc |
14.47%
2,049
|
$3,367,327,000 | 1.25% |
| Zoetis Inc |
Closed
19,129
|
$3,236,818,000 | |
| Coca-Cola Co |
12.63%
49,753
|
$3,166,778,000 | 1.18% |
| Costco Whsl Corp New |
5.56%
3,511
|
$2,983,900,000 | 1.11% |
| Ishares Inc |
56.55%
139,796
|
$4,678,255,000 | 1.74% |
| Ishares Tr |
Closed
31,856
|
$3,330,275,000 | |
| Meta Platforms Inc |
490.49%
5,586
|
$2,816,649,000 | 1.05% |
| Select Sector Spdr Tr |
4.69%
68,528
|
$7,778,649,000 | 2.89% |
| Everest Group Ltd |
10.53%
7,109
|
$2,708,671,000 | 1.01% |
| Amazon.com Inc. |
4.39%
13,444
|
$2,598,053,000 | 0.96% |
| Procter And Gamble Co |
7.54%
15,551
|
$2,564,671,000 | 0.95% |
| Super Micro Computer Inc |
Opened
3,101
|
$2,540,804,000 | 0.94% |
| Jpmorgan Chase Co. |
31.03%
12,481
|
$2,524,469,000 | 0.94% |
| Spdr Sp 500 Etf Tr |
272.47%
4,492
|
$2,444,652,000 | 0.91% |
| Crown Castle Inc |
9.03%
23,864
|
$2,331,513,000 | 0.87% |
| Linde Plc. |
10.72%
5,249
|
$2,303,314,000 | 0.86% |
| AMGEN Inc. |
10.28%
7,110
|
$2,221,520,000 | 0.82% |
| Vanguard Index Fds |
3.39%
12,295
|
$4,173,476,000 | 1.55% |
| Cameco Corp. |
36.47%
39,520
|
$1,944,384,000 | 0.72% |
| Broadcom Inc |
13.80%
1,163
|
$1,867,231,000 | 0.69% |
| Visa Inc |
4.58%
6,966
|
$1,828,366,000 | 0.68% |
| Exact Sciences Corp. |
Opened
42,455
|
$1,793,724,000 | 0.67% |
| Enovix Corporation |
36.37%
111,085
|
$1,717,374,000 | 0.64% |
| Equinor ASA |
11.34%
59,112
|
$1,688,239,000 | 0.63% |
| Arm Holdings Plc |
Opened
9,525
|
$1,558,481,000 | 0.58% |
| Astrazeneca plc |
69.90%
19,143
|
$1,492,963,000 | 0.55% |
| Proshares Tr |
7.32%
14,877
|
$1,430,165,000 | 0.53% |
| Ishares Tr |
37.07%
110,400
|
$6,499,582,000 | 2.41% |
| Exxon Mobil Corp. |
0.70%
11,344
|
$1,305,879,000 | 0.48% |
| Nu Hldgs Ltd |
32.98%
100,918
|
$1,300,833,000 | 0.48% |
| Albemarle Corp. |
12.05%
12,787
|
$1,221,414,000 | 0.45% |
| Burford Cap Ltd |
10.55%
91,322
|
$1,191,752,000 | 0.44% |
| Nike, Inc. |
1.71%
15,303
|
$1,153,387,000 | 0.43% |
| Pimco Etf Tr |
6.96%
11,162
|
$1,123,455,000 | 0.42% |
| Tesla Inc |
28.39%
4,848
|
$959,322,000 | 0.36% |
| Chevron Corp. |
4.15%
6,093
|
$953,009,000 | 0.35% |
| Brookfield Infrast Partners |
16.00%
33,035
|
$906,480,000 | 0.34% |
| Ishares Tr |
Opened
4,452
|
$903,266,000 | 0.34% |
| Merck Co Inc |
0.09%
6,880
|
$851,686,000 | 0.32% |
| First Tr Exch Traded Fd Iii |
70.91%
15,802
|
$782,515,000 | 0.29% |
| Global X Fds |
3.11%
76,641
|
$1,571,644,000 | 0.58% |
| Stryker Corp. |
0.82%
2,167
|
$737,173,000 | 0.27% |
| Blue Owl Capital Corporation |
No change
45,558
|
$699,771,000 | 0.26% |
| Johnson Johnson |
6.45%
4,614
|
$674,382,000 | 0.25% |
| Blackrock Munihldngs Cali Ql |
12.89%
60,597
|
$672,629,000 | 0.25% |
| Oracle Corp. |
No change
4,654
|
$657,145,000 | 0.24% |
| American Express Co. |
89.54%
2,572
|
$595,547,000 | 0.22% |
| Intuitive Surgical Inc |
No change
1,218
|
$541,827,000 | 0.20% |
| Avantor, Inc. |
No change
25,510
|
$540,812,000 | 0.20% |
| Spdr Gold Tr |
0.73%
2,479
|
$533,010,000 | 0.20% |
| Realty Income Corp. |
49.69%
9,390
|
$495,959,000 | 0.18% |
| Caterpillar Inc. |
1.03%
1,441
|
$479,997,000 | 0.18% |
| Vanguard World Fd |
3.58%
5,149
|
$1,029,416,000 | 0.38% |
| Fs Credit Opportunities Corp |
No change
68,569
|
$436,786,000 | 0.16% |
| Pfizer Inc. |
4.36%
14,876
|
$416,225,000 | 0.15% |
| Home Depot, Inc. |
0.26%
1,149
|
$395,483,000 | 0.15% |
| Taiwan Semiconductor Mfg Ltd |
2.08%
2,260
|
$392,811,000 | 0.15% |
| Cencora Inc. |
No change
1,742
|
$392,473,000 | 0.15% |
| Bank America Corp |
4.90%
9,713
|
$386,267,000 | 0.14% |
| Digital Rlty Tr Inc |
No change
2,535
|
$385,447,000 | 0.14% |
| First Tr Exchange-traded Fd |
8.66%
30,237
|
$640,871,000 | 0.24% |
| Verizon Communications Inc |
3.92%
9,192
|
$379,088,000 | 0.14% |
| Walmart Inc |
14.12%
5,472
|
$370,509,000 | 0.14% |
| Union Pac Corp |
4.13%
1,625
|
$367,673,000 | 0.14% |
| Target Corp |
0.16%
2,438
|
$360,922,000 | 0.13% |
| Emerson Elec Co |
0.46%
3,267
|
$359,893,000 | 0.13% |
| Blackstone Inc |
10.38%
2,762
|
$341,936,000 | 0.13% |
| First Solar Inc |
39.64%
1,509
|
$340,219,000 | 0.13% |
| Semtech Corp. |
No change
11,365
|
$339,586,000 | 0.13% |
| Vanguard Whitehall Fds |
12.57%
2,783
|
$330,082,000 | 0.12% |
| GE Aerospace |
3.58%
2,075
|
$329,875,000 | 0.12% |
| RTX Corp |
25.64%
3,278
|
$329,078,000 | 0.12% |
| Grayscale Bitcoin Tr Btc |
No change
6,150
|
$327,426,000 | 0.12% |
| Honeywell International Inc |
No change
1,528
|
$326,289,000 | 0.12% |
| Vanguard Index Fds |
Closed
3,692
|
$319,284,000 | |
| Cohen Steers Infrastructur |
No change
13,757
|
$309,257,000 | 0.11% |
| Cisco Sys Inc |
31.37%
6,432
|
$305,584,000 | 0.11% |
| Duke Energy Corp. |
4.15%
3,025
|
$303,212,000 | 0.11% |
| Marathon Pete Corp |
2.92%
1,728
|
$299,753,000 | 0.11% |
| Enterprise Prods Partners L |
No change
10,284
|
$298,030,000 | 0.11% |
| Mcdonalds Corp |
Closed
1,057
|
$298,021,000 | |
| Vanguard Scottsdale Fds |
Closed
3,832
|
$296,252,000 | |
| Roblox Corporation |
2.19%
7,944
|
$295,596,000 | 0.11% |
| American Elec Pwr Co Inc |
0.12%
3,365
|
$295,247,000 | 0.11% |
| Att Inc |
3.11%
15,351
|
$293,366,000 | 0.11% |
| Starbucks Corp. |
38.09%
3,737
|
$290,939,000 | 0.11% |
| Parker-Hannifin Corp. |
0.18%
572
|
$289,323,000 | 0.11% |
| Invesco Exchange Traded Fd T |
0.82%
1,685
|
$276,876,000 | 0.10% |
| Textron Inc. |
No change
3,201
|
$274,838,000 | 0.10% |
| Iron Mtn Inc Del |
3.33%
2,900
|
$259,898,000 | 0.10% |
| Spdr Ser Tr |
Opened
3,216
|
$257,698,000 | 0.10% |
| UiPath, Inc. |
Closed
11,115
|
$251,977,000 | |
| Global X Fds |
Closed
5,110
|
$250,339,000 | |
| Mondelez International Inc. |
0.39%
3,820
|
$249,981,000 | 0.09% |
| J P Morgan Exchange Traded F |
Closed
4,097
|
$246,373,000 | |
| Community West Bancshares. |
Closed
15,600
|
$241,488,000 | |
| Dow Inc |
Closed
4,164
|
$241,229,000 | |
| Thermo Fisher Scientific Inc. |
3.96%
436
|
$241,108,000 | 0.09% |
| Goldman Sachs Group, Inc. |
7.81%
531
|
$240,182,000 | 0.09% |
| Netflix Inc. |
2.79%
348
|
$234,858,000 | 0.09% |
| Disney Walt Co |
Closed
1,892
|
$231,450,000 | |
| Hershey Company |
Closed
1,189
|
$231,261,000 | |
| Intel Corp. |
2.59%
7,421
|
$229,815,000 | 0.09% |
| Fastenal Co. |
Closed
2,960
|
$228,334,000 | |
| Community West Bancshares Ne |
Opened
12,324
|
$227,994,000 | 0.08% |
| International Business Machs |
8.03%
1,318
|
$227,948,000 | 0.08% |
| Mastercard Incorporated |
No change
500
|
$220,580,000 | 0.08% |
| DuPont de Nemours Inc |
Closed
2,670
|
$204,691,000 | |
| Snap-on, Inc. |
No change
778
|
$203,361,000 | 0.08% |
| Kimberly-Clark Corp. |
7.97%
1,466
|
$202,601,000 | 0.08% |
| Fedex Corp |
Closed
693
|
$200,790,000 | |
| Pepsico Inc |
28.59%
1,214
|
$200,225,000 | 0.07% |
| Signet Jewelers Limited |
Closed
2,000
|
$200,140,000 | |
| Pgim Short Dur Hig Yld Opp F |
Closed
11,396
|
$175,270,000 | |
| Rivernorth Opportunities Fd |
15.39%
12,371
|
$151,545,000 | 0.06% |
| Atomera Inc |
50.25%
34,400
|
$131,064,000 | 0.05% |
| Cohen Steers Quality Incom |
No change
10,963
|
$128,048,000 | 0.05% |
| Advisorshares Tr |
43.09%
17,300
|
$126,809,000 | 0.05% |
| Highland Opportunities |
No change
17,062
|
$106,638,000 | 0.04% |
| Abrdn Global Premier Pptys F |
No change
15,000
|
$57,300,000 | 0.02% |
| Cybin Inc |
Closed
90,000
|
$37,215,000 | |
| ClearSign Technologies Corp |
Closed
20,000
|
$19,300,000 | |
| No transactions found | |||
| Showing first 500 out of 145 holdings | |||
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