Mills Wealth Advisors 13F annual report
Mills Wealth Advisors is an investment fund managing more than $140 billion ran by Michael Mills. There are currently 30 companies in Mr. Mills’s portfolio. The largest investments include Dimensional Etf Trust and J P Morgan Exchange Traded F, together worth $106 billion.
$140 billion Assets Under Management (AUM)
As of 1st August 2024, Mills Wealth Advisors’s top holding is 2,295,205 shares of Dimensional Etf Trust currently worth over $72.9 billion and making up 52.1% of the portfolio value.
In addition, the fund holds 661,668 shares of J P Morgan Exchange Traded F worth $33.5 billion.
The third-largest holding is Vanguard Malvern Fds worth $12.9 billion and the next is Alps Etf Tr worth $3.06 billion, with 63,731 shares owned.
Currently, Mills Wealth Advisors'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 Mills Wealth Advisors
The Mills Wealth Advisors office and employees reside in Southlake, Texas. According to the last 13-F report filed with the SEC, Michael Mills serves as the Owner at Mills Wealth Advisors.
Recent trades
In the most recent 13F filing, Mills Wealth Advisors revealed that it had opened a new position in
Vanguard Scottsdale Fds and bought 4,051 shares worth $234 million.
The investment fund also strengthened its position in Dimensional Etf Trust by buying
151,873 additional shares.
This makes their stake in Dimensional Etf Trust total 2,295,205 shares worth $72.9 billion.
On the other hand, there are companies that Mills Wealth Advisors is getting rid of from its portfolio.
Mills Wealth Advisors closed its position in Doximity on 8th August 2024.
It sold the previously owned 9,998 shares for $269 million.
Michael Mills also disclosed a decreased stake in J P Morgan Exchange Traded F by 0.1%.
This leaves the value of the investment at $33.5 billion and 661,668 shares.
One of the smallest hedge funds
The two most similar investment funds to Mills Wealth Advisors are American Capital Advisory and Defined Wealth Management. They manage $140 billion and $140 billion respectively.
Michael Mills investment strategy
Mills Wealth Advisors’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 0.4% of
the total portfolio value.
The fund focuses on investments in the United States as
23.3% 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
23% of the total holdings value.
On the other hand, small-cap stocks make up only 3.3% of the portfolio.
The average market cap of the portfolio companies is close to $703 billion.
The complete list of Mills Wealth Advisors trades based on 13F SEC filings
These positions were updated on August 8th 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 |
|---|---|---|---|
| Dimensional Etf Trust |
7.09%
2,295,205
|
$72,942,855,000 | 52.14% |
| J P Morgan Exchange Traded F |
14.77%
661,668
|
$33,467,048,000 | 23.92% |
| Vanguard Malvern Fds |
153.07%
169,569
|
$12,892,355,000 | 9.22% |
| Alps Etf Tr |
9.51%
63,731
|
$3,057,798,000 | 2.19% |
| World Gold Tr |
2.23%
45,221
|
$2,084,236,000 | 1.49% |
| Vanguard Index Fds |
2.75%
9,517
|
$2,670,707,000 | 1.91% |
| Grayscale Bitcoin Tr Btc |
0.29%
32,300
|
$1,716,372,000 | 1.23% |
| Templeton Emerging Mkts Inco |
0.42%
317,268
|
$1,691,039,000 | 1.21% |
| Fidelity Wise Origin Bitcoin |
0.21%
26,108
|
$1,369,626,000 | 0.98% |
| Vanguard Bd Index Fds |
59.39%
23,727
|
$1,174,964,000 | 0.84% |
| Vanguard Tax-managed Fds |
2.37%
13,125
|
$648,618,000 | 0.46% |
| Spdr Ser Tr |
34.34%
6,634
|
$608,909,000 | 0.44% |
| American Centy Etf Tr |
23.38%
10,696
|
$592,870,000 | 0.42% |
| Vanguard Mun Bd Fds |
12.97%
11,334
|
$567,953,000 | 0.41% |
| Vanguard Admiral Fds Inc |
1.50%
5,593
|
$467,436,000 | 0.33% |
| Lowes Cos Inc |
No change
2,105
|
$464,076,000 | 0.33% |
| Ishares Tr |
9.55%
10,908
|
$402,798,000 | 0.29% |
| Exxon Mobil Corp. |
4.87%
3,167
|
$364,600,000 | 0.26% |
| Microsoft Corporation |
13.60%
743
|
$332,084,000 | 0.24% |
| Berkshire Hathaway Inc. |
No change
721
|
$293,303,000 | 0.21% |
| Ishares Inc |
0.47%
4,656
|
$275,649,000 | 0.20% |
| Doximity, Inc. |
Closed
9,998
|
$269,046,000 | |
| Dimensional Etf Trust |
Closed
5,560
|
$261,525,000 | |
| AT&T Inc. |
15.49%
13,593
|
$259,765,000 | 0.19% |
| Vanguard Scottsdale Fds |
Opened
4,051
|
$233,665,000 | 0.17% |
| Home Depot, Inc. |
7.41%
675
|
$232,362,000 | 0.17% |
| Oracle Corp. |
5.78%
1,614
|
$227,897,000 | 0.16% |
| Annaly Capital Management In |
No change
11,748
|
$223,917,000 | 0.16% |
| Apple Inc |
Opened
1,059
|
$223,058,000 | 0.16% |
| Medtronic Plc |
5.69%
2,638
|
$207,637,000 | 0.15% |
| American Centy Etf Tr |
Closed
4,338
|
$200,763,000 | |
| Japan Smaller Capitalization |
No change
22,299
|
$169,023,000 | 0.12% |
| Fathom Holdings Inc |
No change
16,265
|
$27,976,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 33 holdings | |||
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