Monterey Private Wealth 13F annual report
Monterey Private Wealth is an investment fund managing more than $244 billion ran by Steven Merrell. There are currently 88 companies in Mr. Merrell’s portfolio. The largest investments include Vanguard Index Fds and Vanguard Tax-managed Fds, together worth $86.8 billion.
$244 billion Assets Under Management (AUM)
As of 2nd April 2024, Monterey Private Wealth’s top holding is 249,858 shares of Vanguard Index Fds currently worth over $61.2 billion and making up 25.1% of the portfolio value.
In addition, the fund holds 511,532 shares of Vanguard Tax-managed Fds worth $25.7 billion.
The third-largest holding is Berkshire Hathaway worth $19.1 billion and the next is Apple Inc worth $13.4 billion, with 78,356 shares owned.
Currently, Monterey Private Wealth's portfolio is worth at least $244 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 Monterey Private Wealth
The Monterey Private Wealth office and employees reside in Monterey, California. According to the last 13-F report filed with the SEC, Steven Merrell serves as the Principal at Monterey Private Wealth.
Recent trades
In the most recent 13F filing, Monterey Private Wealth revealed that it had opened a new position in
Ishares Inc and bought 120,577 shares worth $6.87 billion.
The investment fund also strengthened its position in Vanguard Index Fds by buying
12,675 additional shares.
This makes their stake in Vanguard Index Fds total 249,858 shares worth $61.2 billion.
On the other hand, there are companies that Monterey Private Wealth is getting rid of from its portfolio.
Monterey Private Wealth closed its position in Prudential Finl Inc on 9th April 2024.
It sold the previously owned 3,330 shares for $345 million.
Steven Merrell also disclosed a decreased stake in Berkshire Hathaway by approximately 0.1%.
This leaves the value of the investment at $19.1 billion and 45,309 shares.
One of the smaller hedge funds
The two most similar investment funds to Monterey Private Wealth are Regimen Wealth and Peachtree Investment Partners. They manage $243 billion and $244 billion respectively.
Steven Merrell investment strategy
Monterey Private Wealth’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Finance — making up 8.5% of
the total portfolio value.
The fund focuses on investments in the United States as
37.5% 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
36% of the total holdings value.
On the other hand, small-cap stocks make up only 1.1% of the portfolio.
The average market cap of the portfolio companies is close to $324 billion.
The complete list of Monterey Private Wealth trades based on 13F SEC filings
These positions were updated on April 9th 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 |
5.34%
249,858
|
$61,181,428,000 | 25.12% |
| Vanguard Tax-managed Fds |
8.52%
511,532
|
$25,663,552,000 | 10.54% |
| Berkshire Hathaway Inc. |
3.56%
45,309
|
$19,053,341,000 | 7.82% |
| Apple Inc |
0.01%
78,356
|
$13,436,460,000 | 5.52% |
| Ishares Tr |
0.68%
388,911
|
$29,157,188,000 | 11.97% |
| Wisdomtree Tr |
0.34%
120,026
|
$9,144,747,000 | 3.75% |
| Vanguard Intl Equity Index F |
1.09%
165,050
|
$11,226,187,000 | 4.61% |
| Ishares Inc |
Opened
120,577
|
$6,865,465,000 | 2.82% |
| Microsoft Corporation |
1.03%
13,310
|
$5,599,989,000 | 2.30% |
| Invesco Exch Trd Slf Idx Fd |
5.85%
91,525
|
$5,054,943,000 | 2.08% |
| Vanguard World Fd |
1.25%
73,980
|
$5,823,041,000 | 2.39% |
| Costco Whsl Corp New |
0.18%
3,935
|
$2,883,211,000 | 1.18% |
| Alphabet Inc |
0.92%
27,394
|
$4,148,639,000 | 1.70% |
| Exxon Mobil Corp. |
6.88%
20,805
|
$2,418,326,000 | 0.99% |
| Tesla Inc |
0.10%
12,544
|
$2,205,145,000 | 0.91% |
| Amazon.com Inc. |
2.05%
11,533
|
$2,080,323,000 | 0.85% |
| Vanguard Specialized Funds |
0.74%
8,873
|
$1,620,289,000 | 0.67% |
| NVIDIA Corp |
9.71%
1,721
|
$1,554,626,000 | 0.64% |
| Jpmorgan Chase Co |
0.57%
7,541
|
$1,510,483,000 | 0.62% |
| Spdr Sp 500 Etf Tr |
0.31%
2,582
|
$1,350,314,000 | 0.55% |
| Pepsico Inc |
0.29%
7,655
|
$1,339,686,000 | 0.55% |
| Visa Inc |
0.23%
4,734
|
$1,321,188,000 | 0.54% |
| Bank America Corp |
0.38%
31,843
|
$1,207,469,000 | 0.50% |
| Invesco Exch Traded Fd Tr Ii |
0.59%
17,909
|
$1,179,685,000 | 0.48% |
| Disney Walt Co |
1.98%
9,495
|
$1,161,748,000 | 0.48% |
| Eli Lilly Co |
0.74%
1,334
|
$1,037,815,000 | 0.43% |
| Merck Co Inc |
1.52%
6,626
|
$874,320,000 | 0.36% |
| Sp Global Inc |
0.20%
2,048
|
$871,472,000 | 0.36% |
| First Tr Exchange Traded Fd |
7.75%
12,161
|
$867,538,000 | 0.36% |
| Dimensional Etf Trust |
3.23%
42,489
|
$1,497,012,000 | 0.61% |
| Chevron Corp. |
0.52%
4,419
|
$697,114,000 | 0.29% |
| Meta Platforms Inc |
1.77%
1,379
|
$669,781,000 | 0.27% |
| RTX Corp |
7.55%
6,697
|
$653,175,000 | 0.27% |
| Home Depot, Inc. |
0.77%
1,692
|
$649,140,000 | 0.27% |
| Vanguard Bd Index Fds |
4.38%
8,789
|
$638,363,000 | 0.26% |
| Conocophillips |
0.44%
4,342
|
$552,644,000 | 0.23% |
| Johnson Johnson |
12.20%
3,340
|
$528,357,000 | 0.22% |
| Carrier Global Corporation |
0.99%
9,059
|
$526,596,000 | 0.22% |
| Procter And Gamble Co |
6.04%
3,114
|
$505,229,000 | 0.21% |
| Otis Worldwide Corporation |
0.16%
4,943
|
$490,680,000 | 0.20% |
| Macerich Co. |
No change
28,440
|
$490,021,000 | 0.20% |
| Cohen Steers Infrastructur |
3.95%
19,773
|
$466,048,000 | 0.19% |
| Schwab Strategic Tr |
9.18%
7,278
|
$444,336,000 | 0.18% |
| Novo-nordisk A S |
0.17%
2,968
|
$381,091,000 | 0.16% |
| General Electric Co |
0.57%
2,120
|
$372,074,000 | 0.15% |
| Comcast Corp New |
0.53%
8,548
|
$370,542,000 | 0.15% |
| Vanguard Whitehall Fds |
1.43%
3,036
|
$367,326,000 | 0.15% |
| Spdr Sp Midcap 400 Etf Tr |
No change
649
|
$361,104,000 | 0.15% |
| Unitedhealth Group Inc |
0.85%
714
|
$353,050,000 | 0.14% |
| Mcdonalds Corp |
2.07%
1,234
|
$347,820,000 | 0.14% |
| Prudential Finl Inc |
Closed
3,330
|
$345,354,000 | |
| Hershey Company |
No change
1,772
|
$344,654,000 | 0.14% |
| Cisco Sys Inc |
0.79%
6,896
|
$344,194,000 | 0.14% |
| Caterpillar Inc. |
0.21%
934
|
$342,229,000 | 0.14% |
| Block Inc |
0.10%
4,044
|
$342,042,000 | 0.14% |
| Direxion Shs Etf Tr |
2.58%
3,821
|
$340,805,000 | 0.14% |
| J P Morgan Exchange Traded F |
0.61%
6,710
|
$340,476,000 | 0.14% |
| Spdr Dow Jones Indl Average |
0.24%
847
|
$336,859,000 | 0.14% |
| Abbott Labs |
0.62%
2,920
|
$331,856,000 | 0.14% |
| Ecolab, Inc. |
0.29%
1,371
|
$316,564,000 | 0.13% |
| Kimberly-Clark Corp. |
Closed
2,525
|
$306,838,000 | |
| Ishares Tr |
Opened
9,232
|
$512,256,000 | 0.21% |
| Abbvie Inc |
2.84%
1,645
|
$299,568,000 | 0.12% |
| Applied Matls Inc |
0.57%
1,418
|
$292,418,000 | 0.12% |
| Union Pac Corp |
7.47%
1,165
|
$286,419,000 | 0.12% |
| Starbucks Corp. |
0.45%
3,095
|
$282,876,000 | 0.12% |
| Fiserv, Inc. |
0.40%
1,740
|
$278,087,000 | 0.11% |
| Select Sector Spdr Tr |
No change
3,962
|
$493,957,000 | 0.20% |
| Colgate-Palmolive Co. |
1.97%
3,007
|
$270,800,000 | 0.11% |
| Mondelez International Inc. |
0.59%
3,747
|
$262,292,000 | 0.11% |
| Lam Research Corp. |
0.39%
259
|
$252,085,000 | 0.10% |
| Progressive Corp. |
Opened
1,197
|
$247,564,000 | 0.10% |
| Spdr Ser Tr |
14.01%
1,885
|
$247,383,000 | 0.10% |
| Norfolk Southn Corp |
0.42%
956
|
$243,618,000 | 0.10% |
| Quanta Svcs Inc |
0.22%
930
|
$241,614,000 | 0.10% |
| Invesco Exchange Traded Fd T |
Closed
5,073
|
$239,643,000 | |
| International Business Machs |
Opened
1,218
|
$232,587,000 | 0.10% |
| Bristol-Myers Squibb Co. |
Closed
4,527
|
$232,290,000 | |
| Lowes Cos Inc |
Opened
901
|
$229,427,000 | 0.09% |
| Intel Corp. |
1.24%
5,137
|
$226,919,000 | 0.09% |
| Wp Carey Inc |
No change
3,953
|
$223,107,000 | 0.09% |
| Taiwan Semiconductor Mfg Ltd |
Opened
1,631
|
$221,898,000 | 0.09% |
| Walmart Inc |
Opened
3,671
|
$220,901,000 | 0.09% |
| Adobe Inc |
Closed
369
|
$220,145,000 | |
| First Tr Exchange-traded Alp |
Opened
2,903
|
$219,496,000 | 0.09% |
| Qualcomm, Inc. |
Opened
1,294
|
$219,004,000 | 0.09% |
| Verizon Communications Inc |
4.78%
5,198
|
$218,087,000 | 0.09% |
| Instructure Hldgs Inc |
12.57%
9,914
|
$211,961,000 | 0.09% |
| Ross Stores, Inc. |
Opened
1,444
|
$211,921,000 | 0.09% |
| Morgan Stanley |
0.55%
2,207
|
$207,815,000 | 0.09% |
| Automatic Data Processing In |
Opened
831
|
$207,652,000 | 0.09% |
| EQT Corp |
No change
5,459
|
$202,365,000 | 0.08% |
| Corteva Inc |
Closed
4,175
|
$200,077,000 | |
| Joby Aviation Inc |
2.90%
10,428
|
$55,894,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 94 holdings | |||
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