Hurlow Wealth Management 13F annual report
Hurlow Wealth Management is an investment fund managing more than $290 billion ran by Michael Carson. There are currently 91 companies in Mr. Carson’s portfolio. The largest investments include Vanguard Index Fds and Dimensional Etf Trust, together worth $146 billion.
$290 billion Assets Under Management (AUM)
As of 5th July 2024, Hurlow Wealth Management’s top holding is 435,253 shares of Vanguard Index Fds currently worth over $85.8 billion and making up 29.6% of the portfolio value.
In addition, the fund holds 1,382,789 shares of Dimensional Etf Trust worth $60.2 billion.
The third-largest holding is Vanguard Tax-managed Fds worth $19.4 billion and the next is Microsoft worth $11.8 billion, with 26,433 shares owned.
Currently, Hurlow Wealth Management's portfolio is worth at least $290 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 Hurlow Wealth Management
The Hurlow Wealth Management office and employees reside in Bloomington, Indiana. According to the last 13-F report filed with the SEC, Michael Carson serves as the Chief Compliance Officer at Hurlow Wealth Management.
Recent trades
In the most recent 13F filing, Hurlow Wealth Management revealed that it had opened a new position in
Dimensional Etf Trust and bought 36,980 shares worth $988 million.
The investment fund also strengthened its position in Vanguard Index Fds by buying
9,524 additional shares.
This makes their stake in Vanguard Index Fds total 435,253 shares worth $85.8 billion.
On the other hand, there are companies that Hurlow Wealth Management is getting rid of from its portfolio.
Hurlow Wealth Management closed its position in Pimco Etf Tr on 12th July 2024.
It sold the previously owned 12,365 shares for $653 million.
Michael Carson also disclosed a decreased stake in Vanguard Tax-managed Fds by approximately 0.1%.
This leaves the value of the investment at $19.4 billion and 393,367 shares.
One of the smaller hedge funds
The two most similar investment funds to Hurlow Wealth Management are Steamboat Capital Partners and Cowen Prime Advisors. They manage $290 billion and $290 billion respectively.
Michael Carson investment strategy
Hurlow Wealth Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 5.2% of
the total portfolio value.
The fund focuses on investments in the United States as
40.7% 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
45% of the total holdings value.
On the other hand, small-cap stocks make up only 2.2% of the portfolio.
The average market cap of the portfolio companies is close to $268 billion.
The complete list of Hurlow Wealth Management 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 |
|---|---|---|---|
| Vanguard Index Fds |
2.24%
435,253
|
$85,787,803,000 | 29.56% |
| Dimensional Etf Trust |
6.80%
1,382,789
|
$60,211,973,000 | 20.75% |
| Vanguard Tax-managed Fds |
0.54%
393,367
|
$19,440,173,000 | 6.70% |
| Microsoft Corporation |
0.80%
26,433
|
$11,814,390,000 | 4.07% |
| Vanguard Intl Equity Index F |
4.64%
197,868
|
$8,658,684,000 | 2.98% |
| Vanguard Scottsdale Fds |
18.72%
189,408
|
$14,759,787,000 | 5.09% |
| Vanguard Whitehall Fds |
5.82%
123,696
|
$7,987,084,000 | 2.75% |
| Vanguard Specialized Funds |
4.46%
36,539
|
$6,670,108,000 | 2.30% |
| Vanguard Mun Bd Fds |
16.06%
123,109
|
$6,168,969,000 | 2.13% |
| Eli Lilly Co |
3.54%
6,135
|
$5,554,740,000 | 1.91% |
| Apple Inc |
1.48%
19,618
|
$4,131,908,000 | 1.42% |
| Vanguard Bd Index Fds |
21.02%
51,482
|
$3,855,504,000 | 1.33% |
| Berkshire Hathaway Inc. |
5.26%
7,722
|
$4,976,923,000 | 1.72% |
| Ishares Tr |
4.14%
78,625
|
$6,345,518,000 | 2.19% |
| Vanguard Malvern Fds |
13.48%
61,146
|
$2,968,011,000 | 1.02% |
| Schwab Strategic Tr |
22.51%
70,723
|
$3,713,287,000 | 1.28% |
| Johnson Johnson |
2.73%
10,689
|
$1,562,304,000 | 0.54% |
| Spdr Ser Tr |
49.54%
31,098
|
$1,467,515,000 | 0.51% |
| Walmart Inc |
198.80%
20,623
|
$1,396,383,000 | 0.48% |
| Procter And Gamble Co |
0.19%
8,253
|
$1,361,085,000 | 0.47% |
| Cincinnati Finl Corp |
1.30%
10,296
|
$1,215,974,000 | 0.42% |
| Jpmorgan Chase Co. |
1.38%
5,498
|
$1,112,025,000 | 0.38% |
| Dimensional Etf Trust |
Opened
36,980
|
$988,475,000 | 0.34% |
| Abbvie Inc |
0.05%
5,481
|
$940,172,000 | 0.32% |
| Lowes Cos Inc |
2.55%
3,894
|
$858,471,000 | 0.30% |
| Amazon.com Inc. |
No change
3,797
|
$733,808,000 | 0.25% |
| Home Depot, Inc. |
0.61%
2,110
|
$726,346,000 | 0.25% |
| Mcdonalds Corp |
4.26%
2,788
|
$710,494,000 | 0.24% |
| Elevance Health Inc |
1.91%
1,229
|
$665,946,000 | 0.23% |
| Pimco Etf Tr |
Closed
12,365
|
$652,872,000 | |
| Emerson Elec Co |
2.44%
5,923
|
$652,478,000 | 0.22% |
| Spdr Sp 500 Etf Tr |
12.30%
1,191
|
$648,354,000 | 0.22% |
| Alphabet Inc |
5.86%
5,567
|
$1,018,256,000 | 0.35% |
| Linde Plc. |
4.11%
1,378
|
$604,680,000 | 0.21% |
| Analog Devices Inc. |
3.62%
2,586
|
$590,280,000 | 0.20% |
| Pepsico Inc |
1.07%
3,576
|
$589,790,000 | 0.20% |
| Merck Co Inc |
0.06%
4,666
|
$577,651,000 | 0.20% |
| Oracle Corp. |
No change
4,079
|
$575,955,000 | 0.20% |
| Automatic Data Processing In |
9.71%
2,381
|
$568,321,000 | 0.20% |
| Johnson Ctls Intl Plc |
0.05%
8,115
|
$539,404,000 | 0.19% |
| Aflac Inc. |
3.89%
5,973
|
$533,449,000 | 0.18% |
| Paychex Inc. |
13.72%
4,458
|
$528,540,000 | 0.18% |
| Stryker Corp. |
4.71%
1,539
|
$523,645,000 | 0.18% |
| NextEra Energy Inc |
3.32%
7,054
|
$499,494,000 | 0.17% |
| Grainger W W Inc |
22.97%
550
|
$496,232,000 | 0.17% |
| Norfolk Southn Corp |
8.12%
2,138
|
$459,007,000 | 0.16% |
| Exxon Mobil Corp. |
0.30%
3,964
|
$456,369,000 | 0.16% |
| Target Corp |
0.13%
3,045
|
$450,734,000 | 0.16% |
| Illinois Tool Wks Inc |
19.50%
1,841
|
$436,243,000 | 0.15% |
| L3Harris Technologies Inc |
2.33%
1,929
|
$433,215,000 | 0.15% |
| General Dynamics Corp. |
1.23%
1,450
|
$420,703,000 | 0.14% |
| Tjx Cos Inc New |
No change
3,799
|
$418,270,000 | 0.14% |
| Abbott Labs |
2.40%
4,015
|
$417,199,000 | 0.14% |
| Factset Resh Sys Inc |
2.30%
1,019
|
$416,027,000 | 0.14% |
| Air Prods Chems Inc |
0.52%
1,532
|
$395,333,000 | 0.14% |
| Blackrock Inc. |
2.56%
457
|
$359,805,000 | 0.12% |
| Consolidated Edison, Inc. |
0.02%
4,010
|
$358,574,000 | 0.12% |
| Sysco Corp. |
4.55%
4,862
|
$347,098,000 | 0.12% |
| GE Aerospace |
0.05%
2,091
|
$332,406,000 | 0.11% |
| Phillips 66 |
0.09%
2,336
|
$329,773,000 | 0.11% |
| NVIDIA Corp |
Opened
2,616
|
$323,161,000 | 0.11% |
| Conocophillips |
0.04%
2,771
|
$316,947,000 | 0.11% |
| Novartis AG |
No change
2,969
|
$316,080,000 | 0.11% |
| Colgate-Palmolive Co. |
9.77%
3,206
|
$311,110,000 | 0.11% |
| Vanguard Admiral Fds Inc |
No change
875
|
$291,769,000 | 0.10% |
| Duke Energy Corp. |
3.31%
2,893
|
$289,983,000 | 0.10% |
| Becton Dickinson Co |
17.87%
1,232
|
$287,931,000 | 0.10% |
| Vanguard Star Fds |
No change
4,699
|
$283,350,000 | 0.10% |
| Philip Morris International Inc |
0.07%
2,753
|
$278,961,000 | 0.10% |
| Select Sector Spdr Tr |
No change
2,458
|
$501,724,000 | 0.17% |
| Waste Mgmt Inc Del |
No change
1,274
|
$271,795,000 | 0.09% |
| Cisco Sys Inc |
0.73%
5,691
|
$270,379,000 | 0.09% |
| Medtronic Plc |
0.06%
3,384
|
$266,355,000 | 0.09% |
| Visa Inc |
5.29%
985
|
$258,533,000 | 0.09% |
| Morgan Stanley |
0.11%
2,630
|
$255,610,000 | 0.09% |
| Meta Platforms Inc |
Opened
499
|
$251,606,000 | 0.09% |
| Caterpillar Inc. |
No change
747
|
$248,826,000 | 0.09% |
| RTX Corp |
1.27%
2,418
|
$242,743,000 | 0.08% |
| Verizon Communications Inc |
9.09%
5,848
|
$241,172,000 | 0.08% |
| Vanguard Index Fds |
Opened
962
|
$240,625,000 | 0.08% |
| Costco Whsl Corp New |
Opened
283
|
$240,547,000 | 0.08% |
| Wells Fargo Co New |
Opened
4,017
|
$238,570,000 | 0.08% |
| Clorox Co. |
9.81%
1,720
|
$234,728,000 | 0.08% |
| Old Natl Bancorp Ind |
Opened
13,518
|
$232,374,000 | 0.08% |
| General Mls Inc |
Closed
3,489
|
$227,273,000 | |
| BP plc |
10.75%
6,264
|
$226,130,000 | 0.08% |
| Pfizer Inc. |
15.28%
8,041
|
$224,987,000 | 0.08% |
| Eversource Energy |
6.29%
3,919
|
$222,246,000 | 0.08% |
| WEC Energy Group Inc |
No change
2,790
|
$218,903,000 | 0.08% |
| Disney Walt Co |
Opened
2,181
|
$216,567,000 | 0.07% |
| Fidelity Covington Trust |
Opened
3,488
|
$213,884,000 | 0.07% |
| Smucker J M Co |
Closed
1,654
|
$209,033,000 | |
| Sherwin-Williams Co. |
0.15%
673
|
$200,843,000 | 0.07% |
| American Centy Etf Tr |
Opened
2,233
|
$200,345,000 | 0.07% |
| Att Inc |
Closed
10,321
|
$173,186,000 | |
| AMMO, Inc. |
Closed
13,300
|
$27,930,000 | |
| No transactions found | |||
| Showing first 500 out of 96 holdings | |||
Hedge funds similar to Hurlow Wealth Management
- First International Bank & Trust
- Steph & Co
- Tillman Hartley
- Baker Boyer National Bank
- Addison Advisors
- Cowen Prime Advisors
- Steamboat Capital Partners
- Ballast
- Hudson Capital Management
- Riverview Capital Advisers
- Investment Management Associates Inc adv
- Maltese Capital Management
- Helen Stephens
- Trinity Legacy Partners