Darrell & King 13F annual report

Darrell & King is an investment fund managing more than $633 million ran by Elizabeth Morris. There are currently 43 companies in Mrs. Morris’s portfolio. The largest investments include Qualcomm and Palo Alto Networks Inc, together worth $82.2 million.

Limited to 30 biggest holdings

$633 million Assets Under Management (AUM)

As of 8th January 2021, Darrell & King’s top holding is 276,230 shares of Qualcomm currently worth over $42.1 million and making up 6.7% of the portfolio value. Relative to the number of outstanding shares of Qualcomm, Darrell & King owns more than approximately 0.1% of the company. In addition, the fund holds 112,929 shares of Palo Alto Networks Inc worth $40.1 million, whose value grew 51.0% in the past six months. The third-largest holding is Dell Technologies Inc worth $35.2 million and the next is DuPont de Nemours Inc worth $34.9 million, with 491,053 shares owned.

Currently, Darrell & King's portfolio is worth at least $633 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 Darrell & King

The Darrell & King office and employees reside in Charlottesville, Virginia. According to the last 13-F report filed with the SEC, Elizabeth Morris serves as the MANAGER at Darrell & King.

Recent trades

In the most recent 13F filing, Darrell & King revealed that it had opened a new position in Ford Motor Co and bought 3,352,117 shares worth $29.5 million. This means they effectively own approximately 0.1% of the company. Ford Motor Co makes up 21.1% of the fund's Consumer Discretionary sector allocation and has grown its share price by 10.7% in the past year.

The investment fund also strengthened its position in Phillips 66 by buying 87,601 additional shares. This makes their stake in Phillips 66 total 427,441 shares worth $29.9 million. Phillips 66 dropped 29.3% in the past year.

On the other hand, there are companies that Darrell & King is getting rid of from its portfolio. Darrell & King closed its position in Slack Technologies Inc on 15th January 2021. It sold the previously owned 414,220 shares for $11.1 million. Elizabeth Morris also disclosed a decreased stake in Qualcomm by approximately 0.1%. This leaves the value of the investment at $42.1 million and 276,230 shares.

One of the average hedge funds

The two most similar investment funds to Darrell & King are Wedgewood Partners Inc and Bramshill Investments. They manage $632 million and $633 million respectively.

Elizabeth Morris investment strategy

Darrell & King’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 22.6% of the total portfolio value. The fund focuses on investments in the United States as 53.5% 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 51% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $271 billion.

The complete list of Darrell & King trades based on 13F SEC filings

These positions were updated on January 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
Qualcomm, Inc.	9.78% 276,230	$42,081,000	6.65%
Palo Alto Networks Inc	4.13% 112,929	$40,134,000	6.34%
Dell Technologies Inc	5.37% 480,351	$35,205,000	5.56%
DuPont de Nemours Inc	3.42% 491,053	$34,919,000	5.52%
Ww Grainger Inc	4.44% 82,027	$33,495,000	5.29%
Stitch Fix Inc	1.22% 565,724	$33,219,000	5.25%
Alphabet Inc Cap Stk Cl C	3.70% 18,286	$32,035,000	5.06%
Check Point Software Tech Ltd	1.57% 225,392	$29,957,000	4.74%
Phillips 66	25.78% 427,441	$29,895,000	4.73%
Ford Motor Co.	Opened 3,352,117	$29,465,000	4.66%
Amazon.com Inc.	2.34% 9,016	$29,364,000	4.64%
J P Morgan Chase & Co	1.09% 229,203	$29,125,000	4.60%
Sysco Corp.	1.91% 370,214	$27,492,000	4.35%
Newell Rubbermaid	Opened 1,291,982	$27,429,000	4.34%
Delta Air Lines, Inc.	3.30% 643,813	$25,888,000	4.09%
Facebook Inc	2.61% 94,562	$25,831,000	4.08%
Southwest Airlines Co	28.67% 519,486	$24,213,000	3.83%
TJX Companies, Inc.	16.48% 349,248	$23,850,000	3.77%
D.R. Horton Inc.	2.80% 328,405	$22,634,000	3.58%
Lyondellbasell Industries N V	0.30% 219,456	$20,115,000	3.18%
Royal Caribbean Cruises Limite	Opened 211,814	$15,820,000	2.50%
Slack Technologies Inc	Closed 414,220	$11,126,000
Simon Ppty Group Reit	Opened 122,156	$10,417,000	1.65%
Ishares Tr S&p 500 Grwt Etf	234.49% 37,289	$2,380,000	0.38%
1/100 Berkshire Htwy Cla 100 S	No change 400	$1,391,000	0.22%
S&P Global Inc	No change 3,687	$1,212,000	0.19%
Apple Inc	0.17% 4,564	$606,000	0.10%
Spdr S&p 500 Etf Tr Tr Unit	0.95% 1,256	$470,000	0.07%
Tesla Inc	Opened 531	$375,000	0.06%
Pfizer Inc.	No change 10,000	$368,000	0.06%
Pub Svc Enterpise Gp	No change 6,000	$350,000	0.06%
Bristol-Myers Squibb Co.	No change 5,400	$335,000	0.05%
Exxon Mobil Corp.	2.59% 7,396	$305,000	0.05%
Ishares S&p 100 Etf	19.21% 1,577	$271,000	0.04%
Royal Dutch Shell F Sponsored	Opened 7,927	$266,000	0.04%
Summit Finl Grp	No change 11,946	$264,000	0.04%
Truist Finl Corp	Opened 5,473	$262,000	0.04%
Ishares Russell 1000 Growth Et	No change 1,055	$254,000	0.04%
Ishares Russell Top 200 Value	No change 4,015	$232,000	0.04%
Duke Energy Corp.	No change 2,455	$225,000	0.04%
Ishares Russell Mid Cap Growth	Opened 1,984	$204,000	0.03%
Mohawk Industries, Inc.	Closed 2,060	$201,000
Illinois Tool Works, Inc.	99.29% 984	$201,000	0.03%
Sirius XM Holdings Inc	27.50% 14,500	$92,000	0.01%
Power Metals Corp F	No change 36,000	$11,000	0.00%
No transactions found
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