Torch Wealth Management 13F annual report
Torch Wealth Management is an investment fund managing more than $181 million ran by Irene Dake. There are currently 111 companies in Mrs. Dake’s portfolio. The largest investments include Procter & Gamble Co and Apple, together worth $24.6 million.
$181 million Assets Under Management (AUM)
As of 7th October 2020, Torch Wealth Management’s top holding is 106,602 shares of Procter & Gamble Co currently worth over $13.3 million and making up 7.4% of the portfolio value.
Relative to the number of outstanding shares of Procter & Gamble Co, Torch Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 38,598 shares of Apple worth $11.3 million, whose value grew 68.8% in the past six months.
The third-largest holding is Ishares Core S&p Mid-cap Etf worth $8.82 million and the next is Ishares Core S&p Small Cap Etf worth $8 million, with 95,386 shares owned.
Currently, Torch Wealth Management's portfolio is worth at least $181 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 Torch Wealth Management
The Torch Wealth Management office and employees reside in Cincinnati, Ohio. According to the last 13-F report filed with the SEC, Irene Dake serves as the CCO at Torch Wealth Management.
Recent trades
In the most recent 13F filing, Torch Wealth Management revealed that it had opened a new position in
3M Co and bought 7,455 shares worth $1.32 million.
This means they effectively own approximately 0.1% of the company.
3M Co makes up
16.8%
of the fund's Industrials sector allocation and has grown its share price by 3.8% in the past year.
The investment fund also strengthened its position in Disney Walt Co by buying
313 additional shares.
This makes their stake in Disney Walt Co total 29,216 shares worth $4.23 million.
On the other hand, there are companies that Torch Wealth Management is getting rid of from its portfolio.
Torch Wealth Management closed its position in B & G Foods Inc on 25th February 2020.
It sold the previously owned 10,650 shares for $201 thousand.
Irene Dake also disclosed a decreased stake in Procter & Gamble Co by approximately 0.1%.
This leaves the value of the investment at $13.3 million and 106,602 shares.
One of the smallest hedge funds
The two most similar investment funds to Torch Wealth Management are Physicians Financial Services, Inc and Shaker Services. They manage $181 million and $181 million respectively.
Irene Dake investment strategy
Torch Wealth Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Health Care — making up 10.1% of
the total portfolio value.
The fund focuses on investments in the United States as
45.9% 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
40% of the total holdings value.
On the other hand, small-cap stocks make up only 1.8% of the portfolio.
The average market cap of the portfolio companies is close to $202 billion.
The complete list of Torch Wealth Management trades based on 13F SEC filings
These positions were updated on February 25th 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 |
|---|---|---|---|
| Procter & Gamble Co. |
1.40%
106,602
|
$13,314,000 | 7.36% |
| Apple, Inc. |
1.72%
38,598
|
$11,334,000 | 6.26% |
| Ishares Core S&p Mid-cap Etf |
1.40%
42,854
|
$8,820,000 | 4.87% |
| Ishares Core S&p Small Cap Etf |
0.40%
95,386
|
$7,998,000 | 4.42% |
| Sector Spdr Tech Select |
0.97%
56,685
|
$5,196,000 | 2.87% |
| Disney Walt Co |
1.08%
29,216
|
$4,225,000 | 2.33% |
| Visa, Inc. |
2.55%
20,298
|
$3,814,000 | 2.11% |
| J.p. Morgan Chase & Co |
3.22%
27,250
|
$3,798,000 | 2.10% |
| Ishares Gold Trust |
0.27%
226,934
|
$3,290,000 | 1.82% |
| NextEra Energy, Inc. |
1.53%
13,526
|
$3,275,000 | 1.81% |
| Humana, Inc. |
0.75%
8,853
|
$3,244,000 | 1.79% |
| Oracle Corp. |
0.59%
61,083
|
$3,236,000 | 1.79% |
| S P D R S&p 500 Etf Tr |
2.23%
9,378
|
$3,018,000 | 1.67% |
| U S Bancorp Del New |
1.66%
49,196
|
$2,916,000 | 1.61% |
| Microsoft Corp. |
0.27%
18,423
|
$2,905,000 | 1.61% |
| Pepsico Incorporated |
0.05%
21,177
|
$2,894,000 | 1.60% |
| Vanguard Ftse Europe Index Fund Etf Shares |
No change
47,995
|
$2,812,000 | 1.55% |
| Wal-mart Stores Inc |
0.55%
22,426
|
$2,665,000 | 1.47% |
| Exxon Mobil Corp. |
5.53%
38,100
|
$2,658,000 | 1.47% |
| Johnson & Johnson |
17.68%
18,183
|
$2,652,000 | 1.47% |
| Edwards Lifesciences Corp. |
0.69%
10,873
|
$2,536,000 | 1.40% |
| Merck & Co., Inc. |
3.94%
27,750
|
$2,523,000 | 1.39% |
| Chubb Limited |
0.35%
16,104
|
$2,506,000 | 1.38% |
| Microchip Technology, Inc. |
0.63%
23,475
|
$2,458,000 | 1.36% |
| Ishares Msci Growth Etf |
3.42%
26,795
|
$2,316,000 | 1.28% |
| Ishares 1-3 Year Credit Bond Etf |
8.81%
42,664
|
$2,288,000 | 1.26% |
| Abbott Laboratories |
2.61%
26,076
|
$2,264,000 | 1.25% |
| Berkshire Hathaway B New |
1.01%
9,805
|
$2,220,000 | 1.23% |
| United Technologies Corp |
0.92%
14,172
|
$2,122,000 | 1.17% |
| Tjx Companies Inc |
1.52%
33,328
|
$2,035,000 | 1.12% |
| Mc Donalds Corp |
0.74%
10,268
|
$2,029,000 | 1.12% |
| Northrop Grumman Corp. |
1.88%
5,742
|
$1,975,000 | 1.09% |
| EPR Properties |
12.42%
27,155
|
$1,918,000 | 1.06% |
| Verizon Communications, Inc. |
1.11%
31,133
|
$1,911,000 | 1.06% |
| Duke Energy Corp. |
0.02%
19,816
|
$1,807,000 | 1.00% |
| Invesco Preferred Etf |
0.25%
117,981
|
$1,770,000 | 0.98% |
| Eli Lilly & Co. |
0.30%
13,333
|
$1,752,000 | 0.97% |
| Berkshire Hathaway Incorporated Class A |
No change
5
|
$1,697,000 | 0.94% |
| ConocoPhillips |
0.67%
26,020
|
$1,692,000 | 0.93% |
| Ishares Nasdaq Bio Etf |
0.55%
13,758
|
$1,657,000 | 0.92% |
| Pfizer Inc. |
1.10%
41,234
|
$1,615,000 | 0.89% |
| Ishares Tr Msci Eafe |
7.07%
22,930
|
$1,592,000 | 0.88% |
| CoreSite Realty Corp. |
1.09%
13,163
|
$1,475,000 | 0.81% |
| Travelers Companies Inc |
0.47%
10,675
|
$1,461,000 | 0.81% |
| Capital One Finl |
0.52%
13,505
|
$1,389,000 | 0.77% |
| Chevron Corp. |
5.75%
11,504
|
$1,386,000 | 0.77% |
| Sector Spdr Util Select |
1.85%
21,250
|
$1,373,000 | 0.76% |
| 3M Co. |
Opened
7,455
|
$1,315,000 | 0.73% |
| Intel Corp. |
1.99%
21,750
|
$1,301,000 | 0.72% |
| Amazon.com, Inc. |
0.43%
704
|
$1,300,000 | 0.72% |
| A F L A C Inc |
1.50%
23,050
|
$1,219,000 | 0.67% |
| FedEx Corp. |
3.42%
7,992
|
$1,208,000 | 0.67% |
| Invesco Senior Loan Etf |
5.32%
52,478
|
$1,197,000 | 0.66% |
| Old Dominion Freight Lines Inc |
0.82%
6,073
|
$1,152,000 | 0.64% |
| Walgreens Boots Alliance, Inc. |
3.02%
19,250
|
$1,134,000 | 0.63% |
| Occidental Pete Corp |
6.98%
26,662
|
$1,098,000 | 0.61% |
| Wabtec |
5.06%
13,220
|
$1,028,000 | 0.57% |
| Weyerhaeuser Co. |
0.35%
33,800
|
$1,020,000 | 0.56% |
| Valero Energy Corp. |
0.58%
10,345
|
$968,000 | 0.53% |
| Ishares Msci Japan Etf |
2.25%
15,186
|
$899,000 | 0.50% |
| AT&T Inc. |
6.59%
21,999
|
$859,000 | 0.47% |
| Union Pacific Corp. |
0.43%
4,690
|
$847,000 | 0.47% |
| Caterpillar, Inc. |
3.54%
5,536
|
$817,000 | 0.45% |
| American Healthcare Services, Inc |
6.14%
12,225
|
$761,000 | 0.42% |
| Sector Spdr Indl Select |
No change
9,142
|
$744,000 | 0.41% |
| AmerisourceBergen Corp. |
2.20%
8,553
|
$727,000 | 0.40% |
| General Electric Company |
0.94%
58,503
|
$652,000 | 0.36% |
| Sector Spdr Engy Select |
5.22%
10,380
|
$623,000 | 0.34% |
| Spdr Gold Trust |
4.44%
4,303
|
$614,000 | 0.34% |
| SKECHERS USA, Inc. |
No change
13,675
|
$590,000 | 0.33% |
| iShares S&P 500 Value ETF |
No change
4,354
|
$566,000 | 0.31% |
| AbbVie, Inc. |
25.92%
6,320
|
$559,000 | 0.31% |
| Communication Services |
2.11%
9,695
|
$519,000 | 0.29% |
| BlackRock, Inc. |
2.18%
988
|
$496,000 | 0.27% |
| Amgen, Inc. |
No change
1,900
|
$458,000 | 0.25% |
| C S X Corp |
3.11%
6,210
|
$449,000 | 0.25% |
| Ishares Mortg Backed Sec Etf |
No change
3,900
|
$421,000 | 0.23% |
| Sector Spdr Materials Fd |
3.03%
6,805
|
$417,000 | 0.23% |
| O G E Energy Cp Hldg Co |
0.90%
9,200
|
$409,000 | 0.23% |
| Sector Spdr Tr Con Stpls |
2.49%
6,184
|
$389,000 | 0.21% |
| The Home Depot, Inc. |
1.02%
1,776
|
$387,000 | 0.21% |
| Monster Beverage Cor |
2.97%
5,713
|
$363,000 | 0.20% |
| Ishares Tr Intermed Credit Bond Etf |
No change
6,225
|
$360,000 | 0.20% |
| Advanced Drainage Systems, Inc. |
1.64%
8,980
|
$348,000 | 0.19% |
| Ishares S&p 500 Growth |
0.39%
1,770
|
$342,000 | 0.19% |
| Honeywell International, Inc. |
0.26%
1,902
|
$336,000 | 0.19% |
| The Boeing Co. |
0.10%
1,007
|
$328,000 | 0.18% |
| Cisco Systems, Inc. |
No change
6,775
|
$324,000 | 0.18% |
| Marvell Tech Group |
Opened
11,850
|
$314,000 | 0.17% |
| United Health Group Inc |
No change
1,065
|
$313,000 | 0.17% |
| Amer Electric Pwr Co Inc |
0.64%
3,298
|
$311,000 | 0.17% |
| Pimco 0-5 Year High Yield Etf |
No change
2,950
|
$294,000 | 0.16% |
| Dominion Res Inc Va New |
0.55%
3,301
|
$273,000 | 0.15% |
| NVIDIA Corp. |
No change
1,160
|
$272,000 | 0.15% |
| Generac Holdings, Inc. |
No change
2,700
|
$271,000 | 0.15% |
| Flowserve Corp. |
No change
5,339
|
$265,000 | 0.15% |
| SYNNEX Corp. |
No change
2,056
|
$264,000 | 0.15% |
| Ishares Core S&p 500 Etf |
No change
797
|
$257,000 | 0.14% |
| Sector Spdr Fincl Select |
1.92%
8,232
|
$253,000 | 0.14% |
| Philip Morris International, Inc. |
14.60%
2,925
|
$248,000 | 0.14% |
| Mondelez International, Inc. |
6.28%
4,479
|
$246,000 | 0.14% |
| The Coca-Cola Co. |
1.56%
4,244
|
$234,000 | 0.13% |
| Ishares North American Tech Software |
No change
1,000
|
$233,000 | 0.13% |
| Ishares Iboxx Investment Grade Etf |
8.39%
1,791
|
$229,000 | 0.13% |
| Spdr S&p 500 Value Etf |
Opened
6,435
|
$224,000 | 0.12% |
| Vanguard Reit |
No change
2,419
|
$224,000 | 0.12% |
| Cintas Corp. |
2.39%
814
|
$219,000 | 0.12% |
| Ishares Msci Emrg Mkt Fd |
Opened
4,820
|
$216,000 | 0.12% |
| Cincinnati Financial Cp |
No change
2,000
|
$210,000 | 0.12% |
| The Kroger Co. |
Opened
7,019
|
$203,000 | 0.11% |
| B & G Foods Inc |
Closed
10,650
|
$201,000 | |
| Invesco Senior Incm Tr |
Closed
11,000
|
$46,000 | |
| Torchlight Energy Re |
No change
50,000
|
$38,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 113 holdings | |||
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