Washington Trust Bank 13F annual report
Washington Trust Bank is an investment fund managing more than $1.01 trillion ran by Bill Ramey. There are currently 161 companies in Mr. Ramey’s portfolio. The largest investments include Paccar and Microsoft, together worth $129 billion.
$1.01 trillion Assets Under Management (AUM)
As of 22nd July 2024, Washington Trust Bank’s top holding is 762,129 shares of Paccar currently worth over $78.5 billion and making up 7.8% of the portfolio value.
Relative to the number of outstanding shares of Paccar, Washington Trust Bank owns more than approximately 0.1% of the company.
In addition, the fund holds 112,527 shares of Microsoft worth $50.3 billion, whose value grew 6.7% in the past six months.
The third-largest holding is Procter & Gamble Co/the worth $41.6 billion and the next is Apple Inc worth $39.3 billion, with 186,659 shares owned.
Currently, Washington Trust Bank's portfolio is worth at least $1.01 trillion. 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 Washington Trust Bank
The Washington Trust Bank office and employees reside in Spokane, Washington. According to the last 13-F report filed with the SEC, Bill Ramey serves as the Chief Fiduciary Officer at Washington Trust Bank.
Recent trades
In the most recent 13F filing, Washington Trust Bank revealed that it had opened a new position in
Motorola Inc and bought 648 shares worth $250 million.
The investment fund also strengthened its position in Microsoft by buying
83 additional shares.
This makes their stake in Microsoft total 112,527 shares worth $50.3 billion.
Microsoft dropped approximately 0.1% in the past year.
On the other hand, there are companies that Washington Trust Bank is getting rid of from its portfolio.
Washington Trust Bank closed its position in Ready Capital Corp on 29th July 2024.
It sold the previously owned 1,228,607 shares for $11.2 billion.
Bill Ramey also disclosed a decreased stake in Paccar by approximately 0.1%.
This leaves the value of the investment at $78.5 billion and 762,129 shares.
One of the average hedge funds
The two most similar investment funds to Washington Trust Bank are Gladstone Capital Management LL.P. and Modern Wealth Management. They manage $1.01 trillion and $1.01 trillion respectively.
Bill Ramey investment strategy
Washington Trust Bank’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 19.8% of
the total portfolio value.
The fund focuses on investments in the United States as
61.5% 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
60% of the total holdings value.
On the other hand, small-cap stocks make up only 2.5% of the portfolio.
The average market cap of the portfolio companies is close to $164 billion.
The complete list of Washington Trust Bank trades based on 13F SEC filings
These positions were updated on July 29th 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 |
|---|---|---|---|
| Paccar Inc. |
0.04%
762,129
|
$78,453,559,000 | 7.76% |
| Microsoft Corporation |
0.07%
112,527
|
$50,293,942,000 | 4.98% |
| Procter & Gamble Co/the |
0.05%
252,390
|
$41,624,159,000 | 4.12% |
| Apple Inc |
1.25%
186,659
|
$39,314,118,000 | 3.89% |
| Ishares |
19.58%
136,486
|
$42,721,420,000 | 4.23% |
| NVIDIA Corp |
720.65%
275,641
|
$34,052,690,000 | 3.37% |
| Amazon.com Inc. |
3.90%
138,133
|
$26,694,202,000 | 2.64% |
| Palo Alto Networks Inc |
3.72%
71,603
|
$24,274,133,000 | 2.40% |
| Costco Wholesale Corp |
4.62%
27,240
|
$23,153,728,000 | 2.29% |
| JPMorgan Chase & Co. |
1.92%
107,768
|
$21,797,156,000 | 2.16% |
| Advanced Micro Dev |
3.41%
131,801
|
$21,379,440,000 | 2.12% |
| Roper Industries Inc |
3.21%
35,628
|
$20,082,078,000 | 1.99% |
| ServiceNow Inc |
4.03%
25,469
|
$20,035,698,000 | 1.98% |
| Adobe Inc |
7.95%
35,043
|
$19,467,789,000 | 1.93% |
| Blackrock Fund Advisors |
6.30%
629,304
|
$50,684,092,000 | 5.01% |
| Mastercard Incorporated |
1.06%
40,098
|
$17,689,634,000 | 1.75% |
| Tjx Cos Inc/the |
2.29%
158,057
|
$17,402,076,000 | 1.72% |
| Unitedhealth Group Inc |
1.22%
33,389
|
$17,003,682,000 | 1.68% |
| Merck & Co Inc |
2.61%
134,440
|
$16,643,672,000 | 1.65% |
| Elevance Health Inc |
1.30%
30,153
|
$16,338,704,000 | 1.62% |
| Home Depot Inc/the |
1.58%
47,142
|
$16,228,162,000 | 1.61% |
| Alphabet Inc |
4.11%
95,636
|
$17,430,726,000 | 1.72% |
| Goldman Sachs Grp |
0.02%
34,897
|
$15,784,611,000 | 1.56% |
| Vertex Pharmaceuticals, Inc. |
3.35%
33,023
|
$15,478,541,000 | 1.53% |
| Cencora Inc. |
2.37%
64,064
|
$14,433,619,000 | 1.43% |
| Pnc Financial Services Group I |
1.71%
91,337
|
$14,201,077,000 | 1.40% |
| Marsh & Mclennan |
2.18%
64,921
|
$13,680,153,000 | 1.35% |
| Starbucks Corp. |
8.13%
175,380
|
$13,653,333,000 | 1.35% |
| Republic Services, Inc. |
0.20%
69,942
|
$13,592,529,000 | 1.34% |
| Walt Disney Co/the |
6.23%
124,126
|
$12,324,470,000 | 1.22% |
| Constellation Brands, Inc. |
0.84%
45,970
|
$11,827,161,000 | 1.17% |
| Meta Platforms Inc |
5.07%
23,294
|
$11,745,301,000 | 1.16% |
| L3Harris Technologies Inc |
3.14%
52,038
|
$11,686,694,000 | 1.16% |
| Boeing Co. |
8.90%
63,521
|
$11,561,457,000 | 1.14% |
| Ready Capital Corp |
Closed
1,228,607
|
$11,217,182,000 | |
| Deere & Co. |
2.39%
29,931
|
$11,183,120,000 | 1.11% |
| Comcast Corp |
11.33%
265,452
|
$10,395,100,000 | 1.03% |
| Exxon Mobil Corp. |
0.65%
77,099
|
$8,875,637,000 | 0.88% |
| Valero Energy Corp. |
3.52%
52,471
|
$8,225,354,000 | 0.81% |
| Conocophillips |
2.01%
65,816
|
$7,528,035,000 | 0.74% |
| Linde Plc. |
0.39%
16,323
|
$7,162,695,000 | 0.71% |
| Us Bancorp |
3.56%
171,544
|
$6,810,297,000 | 0.67% |
| Eli Lilly & Co |
1.77%
7,509
|
$6,798,499,000 | 0.67% |
| Vanguard Group Inc/the |
32.28%
114,989
|
$9,319,854,000 | 0.92% |
| Martin Marietta M. |
1.96%
12,338
|
$6,684,729,000 | 0.66% |
| Digital Realty Trust Inc |
0.56%
41,901
|
$6,371,047,000 | 0.63% |
| Duke Energy Corp. |
2.14%
62,277
|
$6,242,023,000 | 0.62% |
| NiSource Inc |
2.44%
211,269
|
$6,086,660,000 | 0.60% |
| Vanguard Etf/usa |
11.33%
216,493
|
$19,823,212,000 | 1.96% |
| Prologis Inc |
5.34%
48,579
|
$5,455,907,000 | 0.54% |
| Berkshire Hathaway Inc. |
20.00%
8
|
$4,897,928,000 | 0.48% |
| Berkshire Hathaway Inc. |
0.90%
9,959
|
$4,051,321,000 | 0.40% |
| Johnson & Johnson |
1.22%
19,460
|
$2,844,274,000 | 0.28% |
| Oracle Corp. |
0.85%
19,216
|
$2,713,299,000 | 0.27% |
| Waste Connections Inc |
No change
15,187
|
$2,663,192,000 | 0.26% |
| Mdu Res Group Inc |
No change
100,869
|
$2,531,812,000 | 0.25% |
| Abbvie Inc |
3.16%
14,400
|
$2,469,888,000 | 0.24% |
| F5 Inc |
No change
14,000
|
$2,411,220,000 | 0.24% |
| Barclays Capital Inc |
56.76%
73,180
|
$2,346,150,000 | 0.23% |
| Columbia Sportswear Co. |
No change
28,839
|
$2,280,588,000 | 0.23% |
| Bk Of America Corp |
1.22%
54,577
|
$2,170,527,000 | 0.21% |
| Chevron Corp. |
23.06%
12,763
|
$1,996,388,000 | 0.20% |
| Glacier Bancorp, Inc. |
4.79%
50,604
|
$1,888,541,000 | 0.19% |
| State Street Etf/usa |
65.46%
68,091
|
$1,732,235,000 | 0.17% |
| Philip Morris Intl |
5.95%
17,033
|
$1,725,954,000 | 0.17% |
| Abbott Laboratories |
1.00%
16,263
|
$1,689,889,000 | 0.17% |
| Altria Group Inc. |
3.95%
36,194
|
$1,648,637,000 | 0.16% |
| Knife Riv Hol Co. |
No change
22,771
|
$1,597,158,000 | 0.16% |
| Pepsico Inc |
12.18%
9,273
|
$1,529,396,000 | 0.15% |
| Wisdomtree Asset Management Inc |
48.29%
41,876
|
$1,518,905,000 | 0.15% |
| BRP Group, Inc. |
Closed
52,131
|
$1,508,671,000 | |
| Ishares Tr |
21.08%
34,743
|
$1,479,704,000 | 0.15% |
| Corning, Inc. |
0.78%
38,000
|
$1,476,300,000 | 0.15% |
| Old National Bancorp/in |
No change
83,281
|
$1,431,600,000 | 0.14% |
| Mcdonald's Corp |
5.73%
4,175
|
$1,063,957,000 | 0.11% |
| AMGEN Inc. |
No change
3,169
|
$990,154,000 | 0.10% |
| iShares Trust |
63.71%
9,815
|
$1,306,362,000 | 0.13% |
| Stryker Corp. |
1.37%
2,874
|
$977,879,000 | 0.10% |
| Union Pacific Corp. |
1.17%
4,230
|
$957,080,000 | 0.09% |
| Wells Fargo & Co. |
7.00%
15,607
|
$926,900,000 | 0.09% |
| Visa Inc |
2.01%
3,221
|
$845,416,000 | 0.08% |
| 5th Third Bancorp |
No change
22,240
|
$811,538,000 | 0.08% |
| Ssga Funds Management Inc |
21.49%
12,589
|
$1,762,201,000 | 0.17% |
| Broadcom Inc |
4.72%
484
|
$777,076,000 | 0.08% |
| Caterpillar Inc. |
60.72%
2,322
|
$773,458,000 | 0.08% |
| Cisco Systems, Inc. |
3.03%
15,893
|
$755,076,000 | 0.07% |
| 3M Co. |
0.82%
7,258
|
$741,695,000 | 0.07% |
| Pfizer Inc. |
9.15%
26,392
|
$738,449,000 | 0.07% |
| Mckesson Corporation |
10.46%
1,258
|
$734,722,000 | 0.07% |
| Citigroup Inc |
2.30%
11,457
|
$727,061,000 | 0.07% |
| Automatic Data Processing Inc. |
1.43%
2,897
|
$691,485,000 | 0.07% |
| Walmart Inc |
4.60%
9,490
|
$642,568,000 | 0.06% |
| Accenture plc |
17.83%
1,995
|
$605,303,000 | 0.06% |
| WaFd Inc |
No change
20,889
|
$597,008,000 | 0.06% |
| Kimberly-clark Cp |
No change
4,194
|
$579,611,000 | 0.06% |
| Intuit Inc |
0.23%
870
|
$571,773,000 | 0.06% |
| Trane Technologies plc |
No change
1,726
|
$567,733,000 | 0.06% |
| CSX Corp. |
Closed
15,085
|
$559,201,000 | |
| Analog Devices Inc. |
15.08%
2,342
|
$534,585,000 | 0.05% |
| Mondelez International Inc. |
20.84%
8,009
|
$524,109,000 | 0.05% |
| Qualcomm, Inc. |
12.84%
2,601
|
$518,068,000 | 0.05% |
| Vanguard Group, Inc. |
55.07%
6,581
|
$504,763,000 | 0.05% |
| Paychex Inc. |
2.10%
4,151
|
$492,143,000 | 0.05% |
| Medtronic Plc |
3.68%
6,221
|
$489,655,000 | 0.05% |
| Lockheed Martin Corp. |
No change
1,033
|
$482,514,000 | 0.05% |
| Tractor Supply Co. |
No change
1,722
|
$464,940,000 | 0.05% |
| Marathon Petroleum Corp |
Closed
2,208
|
$444,912,000 | |
| TE Connectivity Ltd |
No change
2,923
|
$439,707,000 | 0.04% |
| Brown & Brown, Inc. |
No change
4,842
|
$432,923,000 | 0.04% |
| Essex Property Trust, Inc. |
No change
1,573
|
$428,171,000 | 0.04% |
| Simon Prop Group |
No change
2,773
|
$420,941,000 | 0.04% |
| Illinois Tool Wks |
23.32%
1,776
|
$420,841,000 | 0.04% |
| Honeywell International Inc |
0.15%
1,965
|
$419,606,000 | 0.04% |
| Genuine Parts Co. |
3.01%
2,997
|
$414,545,000 | 0.04% |
| Utd Parcel Serv |
Closed
2,713
|
$403,233,000 | |
| Ameriprise Financial Inc |
Closed
916
|
$401,611,000 | |
| Fastenal Co. |
No change
6,324
|
$397,400,000 | 0.04% |
| Amer Express Co |
17.19%
1,700
|
$393,635,000 | 0.04% |
| Occidental Petroleum Corp. |
1.40%
6,000
|
$378,180,000 | 0.04% |
| Dr Horton Inc |
5.22%
2,668
|
$376,001,000 | 0.04% |
| Lennar Corp. |
0.32%
2,501
|
$374,825,000 | 0.04% |
| Air Products And Chemicals Inc |
No change
1,397
|
$360,496,000 | 0.04% |
| Sysco Corp. |
0.52%
4,990
|
$356,236,000 | 0.04% |
| NextEra Energy Inc |
5.21%
5,006
|
$354,475,000 | 0.04% |
| Becton Dickinson |
0.20%
1,502
|
$351,033,000 | 0.03% |
| General Electric Co |
Closed
1,972
|
$346,145,000 | |
| Intl Business Mchn |
44.99%
1,998
|
$345,554,000 | 0.03% |
| EOG Resources, Inc. |
1.16%
2,702
|
$340,101,000 | 0.03% |
| Canadian Pacific Kansas City L |
2.38%
4,268
|
$336,019,000 | 0.03% |
| Pool Corporation |
No change
1,062
|
$326,385,000 | 0.03% |
| Nike, Inc. |
Closed
3,433
|
$322,633,000 | |
| Steel Dynamics Inc. |
No change
2,480
|
$321,160,000 | 0.03% |
| McCormick & Co., Inc. |
No change
4,445
|
$315,328,000 | 0.03% |
| Piper Sandler Cos |
No change
1,333
|
$306,817,000 | 0.03% |
| Cincinnati Financial Corp. |
No change
2,501
|
$295,368,000 | 0.03% |
| Macerich Co/the |
No change
18,652
|
$287,987,000 | 0.03% |
| Ishares/usa |
27.63%
765
|
$278,850,000 | 0.03% |
| KKR & Co. Inc |
No change
2,644
|
$278,255,000 | 0.03% |
| Pulte Homes Inc |
No change
2,500
|
$275,250,000 | 0.03% |
| Ovintiv Inc |
No change
5,721
|
$268,143,000 | 0.03% |
| Kenvue Inc |
No change
14,665
|
$266,610,000 | 0.03% |
| Yum Brands Inc. |
10.87%
2,000
|
$264,920,000 | 0.03% |
| American Tower Corp. |
Closed
1,339
|
$264,573,000 | |
| Jack Henry & Associates, Inc. |
No change
1,569
|
$260,485,000 | 0.03% |
| APA Corporation |
5.93%
8,794
|
$258,895,000 | 0.03% |
| Blackrock Fund Advisors |
Closed
2,468
|
$258,474,000 | |
| Inspire Medical Systems Inc |
Closed
1,200
|
$257,748,000 | |
| Devon Energy Corp. |
No change
5,365
|
$254,301,000 | 0.03% |
| Select Sector Spdr |
No change
3,717
|
$253,276,000 | 0.03% |
| Parker-Hannifin Corp. |
8.26%
498
|
$251,893,000 | 0.02% |
| NVR Inc. |
No change
33
|
$250,422,000 | 0.02% |
| Motorola Inc |
Opened
648
|
$250,160,000 | 0.02% |
| T-Mobile US Inc |
66.93%
1,412
|
$248,766,000 | 0.02% |
| Steris Plc |
No change
1,127
|
$247,422,000 | 0.02% |
| Salesforce.com Inc |
Closed
821
|
$247,269,000 | |
| Applied Materials Inc. |
10.68%
1,045
|
$246,610,000 | 0.02% |
| Ishares |
Closed
3,212
|
$238,395,000 | |
| Donaldson Co. Inc. |
Closed
3,150
|
$235,242,000 | |
| Enterprise Products Partners L |
No change
8,041
|
$233,029,000 | 0.02% |
| Blackrock Inc. |
13.74%
295
|
$232,259,000 | 0.02% |
| Vanguard |
Closed
483
|
$232,178,000 | |
| Gilead Sciences, Inc. |
0.33%
3,348
|
$229,706,000 | 0.02% |
| Idacorp, Inc. |
No change
2,410
|
$224,492,000 | 0.02% |
| Target Corp |
3.58%
1,510
|
$223,540,000 | 0.02% |
| Verizon Commun |
12.26%
5,417
|
$223,398,000 | 0.02% |
| Colgate-Palmolive Co. |
No change
2,302
|
$223,386,000 | 0.02% |
| Travelers Co Inc |
Closed
966
|
$222,316,000 | |
| Exelixis Inc |
No change
9,878
|
$221,959,000 | 0.02% |
| AT&T Inc. |
14.34%
11,559
|
$220,892,000 | 0.02% |
| Thermo Fisher Scientific Inc. |
Closed
380
|
$220,860,000 | |
| Emerson Electric Co. |
No change
1,981
|
$218,227,000 | 0.02% |
| Intel Corp. |
6.29%
6,971
|
$215,892,000 | 0.02% |
| S&P Global Inc |
8.29%
476
|
$212,296,000 | 0.02% |
| Arthur J. Gallagher & Co. |
Closed
833
|
$208,283,000 | |
| Phillips 66 |
Closed
1,275
|
$208,259,000 | |
| Danaher Corp. |
5.35%
832
|
$207,875,000 | 0.02% |
| Casey's General Stores Inc |
Opened
543
|
$207,187,000 | 0.02% |
| Equinix Inc |
Closed
248
|
$204,682,000 | |
| First Interstate Bancsystem In |
Opened
7,330
|
$203,554,000 | 0.02% |
| Progressive Cp(oh) |
0.61%
979
|
$203,348,000 | 0.02% |
| Hershey Co (the) |
Closed
1,041
|
$202,475,000 | |
| Amcor Plc |
Closed
10,393
|
$98,838,000 | |
| Opko Health Inc |
No change
26,533
|
$33,166,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 183 holdings | |||
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