Exeter 13F annual report
Exeter is an investment fund managing more than $210 billion ran by Stephen Harrison. There are currently 81 companies in Mr. Harrison’s portfolio. The largest investments include First Tr Enhanced Equity Inc and Vanguard Bd Index Fds, together worth $20.7 billion.
$210 billion Assets Under Management (AUM)
As of 5th July 2024, Exeter’s top holding is 529,933 shares of First Tr Enhanced Equity Inc currently worth over $10.6 billion and making up 5.0% of the portfolio value.
In addition, the fund holds 135,541 shares of Vanguard Bd Index Fds worth $10.1 billion.
The third-largest holding is Apple Inc worth $9.32 billion and the next is Ishares Tr worth $9.32 billion, with 182,275 shares owned.
Currently, Exeter's portfolio is worth at least $210 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 Exeter
The Exeter office and employees reside in Scottsdale, Arizona. According to the last 13-F report filed with the SEC, Stephen Harrison serves as the Chief Compliance Officer at Exeter.
Recent trades
In the most recent 13F filing, Exeter revealed that it had opened a new position in
Visa Inc and bought 1,205 shares worth $316 million.
This means they effectively own approximately 0.1% of the company.
Visa Inc makes up
3.2%
of the fund's Finance sector allocation and has grown its share price by 8.4% in the past year.
The investment fund also strengthened its position in First Tr Enhanced Equity Inc by buying
4,162 additional shares.
This makes their stake in First Tr Enhanced Equity Inc total 529,933 shares worth $10.6 billion.
On the other hand, there are companies that Exeter is getting rid of from its portfolio.
Exeter closed its position in Mastercard on 12th July 2024.
It sold the previously owned 753 shares for $354 million.
Stephen Harrison also disclosed a decreased stake in Apple Inc by 0.4%.
This leaves the value of the investment at $9.32 billion and 44,255 shares.
One of the smallest hedge funds
The two most similar investment funds to Exeter are Retireful and Skyline Advisors. They manage $210 billion and $210 billion respectively.
Stephen Harrison investment strategy
Exeter’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Consumer Staples — making up 11.8% of
the total portfolio value.
The fund focuses on investments in the United States as
54.3% 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
58% 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 $265 billion.
The complete list of Exeter trades based on 13F SEC filings
These positions were updated on July 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 |
|---|---|---|---|
| First Tr Enhanced Equity Inc |
0.79%
529,933
|
$10,556,270,000 | 5.03% |
| Vanguard Bd Index Fds |
0.13%
135,541
|
$10,125,037,000 | 4.83% |
| Apple Inc |
38.64%
44,255
|
$9,320,994,000 | 4.45% |
| Ishares Tr |
0.59%
182,275
|
$9,316,234,000 | 4.44% |
| Microsoft Corporation |
10.07%
19,731
|
$8,818,817,000 | 4.21% |
| Walmart Inc |
7.05%
84,157
|
$5,698,289,000 | 2.72% |
| Aflac Inc. |
7.59%
62,656
|
$5,595,798,000 | 2.67% |
| General Dynamics Corp. |
4.23%
17,209
|
$4,993,082,000 | 2.38% |
| Oracle Corp. |
7.67%
34,689
|
$4,898,090,000 | 2.34% |
| Emerson Elec Co |
5.39%
44,010
|
$4,848,136,000 | 2.31% |
| Cisco Sys Inc |
0.57%
99,186
|
$4,712,320,000 | 2.25% |
| Mcdonalds Corp |
4.54%
17,924
|
$4,567,869,000 | 2.18% |
| Target Corp |
0.05%
29,200
|
$4,322,757,000 | 2.06% |
| Schwab Strategic Tr |
1.00%
53,850
|
$4,187,370,000 | 2.00% |
| Chevron Corp. |
0.30%
25,776
|
$4,031,868,000 | 1.92% |
| Pepsico Inc |
3.44%
23,963
|
$3,952,299,000 | 1.88% |
| Waste Mgmt Inc Del |
0.04%
18,254
|
$3,894,276,000 | 1.86% |
| Johnson Johnson |
1.41%
25,076
|
$3,665,050,000 | 1.75% |
| AMGEN Inc. |
5.02%
11,473
|
$3,584,599,000 | 1.71% |
| Abbvie Inc |
4.40%
20,829
|
$3,572,657,000 | 1.70% |
| Texas Instrs Inc |
0.89%
18,113
|
$3,523,523,000 | 1.68% |
| Verizon Communications Inc |
3.84%
79,265
|
$3,268,906,000 | 1.56% |
| Automatic Data Processing In |
0.07%
13,522
|
$3,227,582,000 | 1.54% |
| Us Bancorp Del |
2.46%
80,127
|
$3,181,042,000 | 1.52% |
| International Business Machs |
0.71%
18,254
|
$3,156,979,000 | 1.51% |
| Bank America Corp |
6.77%
73,432
|
$2,920,391,000 | 1.39% |
| Dimensional Etf Trust |
1.00%
192,324
|
$6,507,725,000 | 3.10% |
| Procter And Gamble Co |
2.31%
16,607
|
$2,738,764,000 | 1.31% |
| Royal Bk Cda |
2.88%
25,719
|
$2,735,987,000 | 1.30% |
| Conagra Brands Inc |
1.14%
95,344
|
$2,709,676,000 | 1.29% |
| CVS Health Corp |
35.23%
44,524
|
$2,629,587,000 | 1.25% |
| Price T Rowe Group Inc |
1.01%
22,567
|
$2,602,201,000 | 1.24% |
| Comcast Corp New |
5.54%
66,164
|
$2,590,982,000 | 1.24% |
| Air Prods Chems Inc |
0.22%
10,032
|
$2,588,745,000 | 1.23% |
| Linde Plc. |
3.69%
5,825
|
$2,555,962,000 | 1.22% |
| United Parcel Service, Inc. |
11.82%
17,880
|
$2,446,878,000 | 1.17% |
| Exxon Mobil Corp. |
2.54%
19,891
|
$2,289,799,000 | 1.09% |
| Conocophillips |
2.23%
19,704
|
$2,253,776,000 | 1.07% |
| Travelers Companies Inc. |
0.77%
10,557
|
$2,146,590,000 | 1.02% |
| Lockheed Martin Corp. |
0.14%
4,350
|
$2,031,802,000 | 0.97% |
| General Mls Inc |
1.82%
30,876
|
$1,953,205,000 | 0.93% |
| Illinois Tool Wks Inc |
1.01%
7,604
|
$1,801,742,000 | 0.86% |
| Coca-Cola Co |
1.76%
28,085
|
$1,787,631,000 | 0.85% |
| Phillips 66 |
0.18%
11,055
|
$1,560,634,000 | 0.74% |
| Archer Daniels Midland Co. |
0.01%
24,462
|
$1,478,721,000 | 0.71% |
| Chubb Limited |
2.21%
5,743
|
$1,464,924,000 | 0.70% |
| Paychex Inc. |
2.82%
12,202
|
$1,446,643,000 | 0.69% |
| Cardinal Health, Inc. |
1.19%
14,629
|
$1,438,306,000 | 0.69% |
| Clorox Co. |
0.07%
10,066
|
$1,373,642,000 | 0.66% |
| Colgate-Palmolive Co. |
0.98%
13,360
|
$1,296,415,000 | 0.62% |
| Lamb Weston Holdings Inc |
No change
14,798
|
$1,244,244,000 | 0.59% |
| Starbucks Corp. |
7.63%
15,726
|
$1,224,249,000 | 0.58% |
| Sysco Corp. |
0.49%
16,588
|
$1,184,248,000 | 0.56% |
| RTX Corp |
0.17%
11,517
|
$1,156,167,000 | 0.55% |
| Kimberly-Clark Corp. |
0.31%
8,183
|
$1,130,892,000 | 0.54% |
| Vanguard Index Fds |
No change
2,223
|
$1,111,789,000 | 0.53% |
| Philip Morris International Inc |
1.26%
10,788
|
$1,093,119,000 | 0.52% |
| Union Pac Corp |
3.80%
4,781
|
$1,081,749,000 | 0.52% |
| Smucker J M Co |
2.15%
9,408
|
$1,025,893,000 | 0.49% |
| Amazon.com Inc. |
58.02%
5,152
|
$995,624,000 | 0.47% |
| Altria Group Inc. |
1.30%
20,153
|
$917,973,000 | 0.44% |
| Att Inc |
2.46%
45,692
|
$873,167,000 | 0.42% |
| Pfizer Inc. |
2.51%
27,868
|
$779,748,000 | 0.37% |
| Medtronic Plc |
2.98%
9,671
|
$761,204,000 | 0.36% |
| 3M Co. |
59.22%
6,858
|
$700,823,000 | 0.33% |
| Intel Corp. |
No change
21,649
|
$670,485,000 | 0.32% |
| Spdr Sp 500 Etf Tr |
1.52%
1,164
|
$633,472,000 | 0.30% |
| Costco Whsl Corp New |
26.48%
694
|
$589,933,000 | 0.28% |
| Spdr Gold Tr |
No change
2,191
|
$471,087,000 | 0.22% |
| Honeywell International Inc |
0.05%
2,187
|
$466,922,000 | 0.22% |
| Jpmorgan Chase Co |
1.25%
2,131
|
$431,016,000 | 0.21% |
| Hormel Foods Corp. |
5.23%
13,135
|
$400,481,000 | 0.19% |
| Mastercard Incorporated |
Closed
753
|
$353,737,000 | |
| Alphabet Inc |
No change
1,789
|
$325,866,000 | 0.16% |
| Visa Inc |
Opened
1,205
|
$316,186,000 | 0.15% |
| Berkshire Hathaway Inc. |
No change
735
|
$298,998,000 | 0.14% |
| Netflix Inc. |
Closed
452
|
$278,947,000 | |
| NextEra Energy Inc |
9.38%
3,828
|
$271,061,000 | 0.13% |
| Meta Platforms Inc |
Closed
477
|
$243,709,000 | |
| Spdr Sp Midcap 400 Etf Tr |
No change
450
|
$240,786,000 | 0.11% |
| Unitedhealth Group Inc |
No change
469
|
$238,944,000 | 0.11% |
| NVIDIA Corp |
Opened
1,869
|
$230,896,000 | 0.11% |
| Bristol-Myers Squibb Co. |
Closed
4,396
|
$225,954,000 | |
| Vanguard Tax-managed Fds |
Closed
4,556
|
$225,659,000 | |
| Kenvue Inc |
Opened
12,121
|
$220,360,000 | 0.11% |
| Home Depot, Inc. |
Opened
624
|
$214,932,000 | 0.10% |
| Becton Dickinson Co |
Closed
835
|
$202,947,000 | |
| No transactions found | |||
| Showing first 500 out of 87 holdings | |||
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