Kelman-lazarov 13F annual report
Kelman-lazarov is an investment fund managing more than $536 billion ran by Michael Munekata. There are currently 54 companies in Mr. Munekata’s portfolio. The largest investments include Schwab Strategic Tr and VanEck ETF Trust, together worth $196 billion.
$536 billion Assets Under Management (AUM)
As of 5th August 2024, Kelman-lazarov’s top holding is 2,622,704 shares of Schwab Strategic Tr currently worth over $148 billion and making up 27.7% of the portfolio value.
In addition, the fund holds 559,831 shares of VanEck ETF Trust worth $47.4 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Goldman Sachs Etf Tr worth $74 billion and the next is Ishares Tr worth $88.7 billion, with 1,105,402 shares owned.
Currently, Kelman-lazarov's portfolio is worth at least $536 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 Kelman-lazarov
The Kelman-lazarov office and employees reside in Memphis, Tennessee. According to the last 13-F report filed with the SEC, Michael Munekata serves as the Chief Compliance Officer at Kelman-lazarov.
Recent trades
In the most recent 13F filing, Kelman-lazarov revealed that it had opened a new position in
Ishares Tr and bought 8,728 shares worth $1 billion.
The investment fund also strengthened its position in Schwab Strategic Tr by buying
341,368 additional shares.
This makes their stake in Schwab Strategic Tr total 2,622,704 shares worth $148 billion.
On the other hand, there are companies that Kelman-lazarov is getting rid of from its portfolio.
Kelman-lazarov closed its position in Visa Inc on 12th August 2024.
It sold the previously owned 750 shares for $209 million.
Michael Munekata also disclosed a decreased stake in VanEck ETF Trust by approximately 0.1%.
This leaves the value of the investment at $47.4 billion and 559,831 shares.
One of the average hedge funds
The two most similar investment funds to Kelman-lazarov are Montanaro Asset Management Ltd and Cfm Wealth Partners. They manage $536 billion and $536 billion respectively.
Michael Munekata investment strategy
Kelman-lazarov’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Miscellaneous — making up 8.8% 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
43% of the total holdings value.
On the other hand, small-cap stocks make up only 3.7% of the portfolio.
The average market cap of the portfolio companies is close to $417 billion.
The complete list of Kelman-lazarov trades based on 13F SEC filings
These positions were updated on August 12th 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 |
14.96%
2,622,704
|
$148,377,821,000 | 27.67% |
| VanEck ETF Trust |
0.57%
559,831
|
$47,375,983,000 | 8.83% |
| Goldman Sachs Etf Tr |
1.16%
1,378,052
|
$74,043,798,000 | 13.81% |
| Ishares Tr |
4.27%
1,105,402
|
$88,722,988,000 | 16.55% |
| Pimco Etf Tr |
12.86%
1,318,043
|
$56,478,928,000 | 10.53% |
| Vanguard Bd Index Fds |
2.72%
266,523
|
$20,371,905,000 | 3.80% |
| Berkshire Hathaway Inc. |
1.20%
33,183
|
$14,722,513,000 | 2.75% |
| 2023 Etf Series Trust Ii |
428.32%
335,592
|
$10,410,064,000 | 1.94% |
| Matthews Asia Fds |
30.00%
474,840
|
$9,124,757,000 | 1.70% |
| American Centy Etf Tr |
2.50%
194,838
|
$11,965,203,000 | 2.23% |
| Vanguard Mun Bd Fds |
0.63%
94,093
|
$4,715,000,000 | 0.88% |
| Vanguard Index Fds |
20.37%
25,789
|
$8,157,945,000 | 1.52% |
| Spdr S&p 500 Etf Tr |
0.05%
6,251
|
$3,401,919,000 | 0.63% |
| Invesco Exch Traded Fd Tr Ii |
2.79%
33,539
|
$3,106,382,000 | 0.58% |
| Alphabet Inc |
9.51%
18,172
|
$3,314,435,000 | 0.62% |
| Apple Inc |
26.49%
11,300
|
$2,380,006,000 | 0.44% |
| Spdr Ser Tr |
72.07%
50,497
|
$2,936,762,000 | 0.55% |
| Spdr S&p Midcap 400 Etf Tr |
0.18%
3,378
|
$1,807,500,000 | 0.34% |
| Mastercard Incorporated |
4.10%
4,092
|
$1,805,227,000 | 0.34% |
| Fedex Corp |
2.01%
5,766
|
$1,728,850,000 | 0.32% |
| Tesla Inc |
1.61%
6,770
|
$1,339,648,000 | 0.25% |
| Vanguard Scottsdale Fds |
6.36%
17,266
|
$1,334,230,000 | 0.25% |
| Vanguard Specialized Funds |
0.46%
6,941
|
$1,267,080,000 | 0.24% |
| Microsoft Corporation |
14.51%
2,810
|
$1,255,930,000 | 0.23% |
| Yum Brands Inc. |
7.57%
9,243
|
$1,224,328,000 | 0.23% |
| Spdr Dow Jones Indl Average |
0.04%
2,425
|
$948,490,000 | 0.18% |
| Netflix Inc. |
0.32%
1,250
|
$843,600,000 | 0.16% |
| Ishares Tr |
Opened
8,728
|
$1,004,974,000 | 0.19% |
| Norfolk Southn Corp |
12.13%
3,622
|
$777,607,000 | 0.15% |
| Procter And Gamble Co |
2.01%
4,639
|
$765,064,000 | 0.14% |
| Walmart Inc |
4.73%
11,287
|
$764,272,000 | 0.14% |
| Nushares Etf Tr |
13.03%
41,630
|
$1,285,985,000 | 0.24% |
| Wisdomtree Tr |
5.14%
10,536
|
$942,534,000 | 0.18% |
| Exxon Mobil Corp. |
5.47%
5,596
|
$644,212,000 | 0.12% |
| Johnson & Johnson |
1.95%
4,175
|
$610,254,000 | 0.11% |
| Amazon.com Inc. |
0.69%
2,903
|
$561,005,000 | 0.10% |
| Pgim Etf Tr |
100.16%
11,451
|
$472,231,000 | 0.09% |
| Tractor Supply Co. |
No change
1,504
|
$406,080,000 | 0.08% |
| Disney Walt Co |
14.79%
4,004
|
$397,557,000 | 0.07% |
| Canadian Natl Ry Co |
No change
3,351
|
$395,854,000 | 0.07% |
| McCormick & Co., Inc. |
No change
5,469
|
$387,971,000 | 0.07% |
| American Express Co. |
No change
1,579
|
$365,617,000 | 0.07% |
| Home Depot, Inc. |
22.03%
1,062
|
$365,583,000 | 0.07% |
| Unitedhealth Group Inc |
15.97%
642
|
$326,945,000 | 0.06% |
| Qualcomm, Inc. |
No change
1,631
|
$324,863,000 | 0.06% |
| Pepsico Inc |
2.43%
1,559
|
$257,126,000 | 0.05% |
| Pfizer Inc. |
1.04%
9,176
|
$256,744,000 | 0.05% |
| Merck & Co Inc |
17.71%
2,054
|
$254,285,000 | 0.05% |
| Lowes Cos Inc |
0.18%
1,108
|
$244,270,000 | 0.05% |
| AMGEN Inc. |
1.36%
724
|
$226,214,000 | 0.04% |
| Invesco Exchange Traded Fd T |
9.14%
6,796
|
$426,054,000 | 0.08% |
| NVIDIA Corp |
Opened
1,730
|
$213,724,000 | 0.04% |
| Visa Inc |
Closed
750
|
$209,310,000 | |
| JPMorgan Chase & Co. |
9.14%
1,024
|
$207,114,000 | 0.04% |
| Ishares Inc |
Opened
6,037
|
$202,421,000 | 0.04% |
| Autozone Inc. |
Closed
64
|
$201,706,000 | |
| No transactions found | |||
| Showing first 500 out of 56 holdings | |||
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