Colonial River Wealth Management 13F annual report
Colonial River Wealth Management is an investment fund managing more than $176 billion ran by Devin Garofalo. There are currently 137 companies in Mr. Garofalo’s portfolio. The largest investments include Apple Inc and Microsoft, together worth $21.8 billion.
$176 billion Assets Under Management (AUM)
As of 3rd May 2024, Colonial River Wealth Management’s top holding is 73,731 shares of Apple Inc currently worth over $12.6 billion and making up 7.2% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Colonial River Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 21,835 shares of Microsoft worth $9.19 billion, whose value grew 11.1% in the past six months.
The third-largest holding is NVIDIA Corp worth $7.29 billion and the next is Amazon.com worth $5.51 billion, with 30,538 shares owned.
Currently, Colonial River Wealth Management's portfolio is worth at least $176 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 Colonial River Wealth Management
The Colonial River Wealth Management office and employees reside in Midlothian, Virginia. According to the last 13-F report filed with the SEC, Devin Garofalo serves as the Chief Compliance Officer at Colonial River Wealth Management.
Recent trades
In the most recent 13F filing, Colonial River Wealth Management revealed that it had opened a new position in
Ishares Tr and bought 114,753 shares worth $10.6 billion.
The investment fund also strengthened its position in Apple Inc by buying
29,515 additional shares.
This makes their stake in Apple Inc total 73,731 shares worth $12.6 billion.
Apple Inc soared 5.3% in the past year.
On the other hand, there are companies that Colonial River Wealth Management is getting rid of from its portfolio.
Colonial River Wealth Management closed its position in Ishares Tr on 10th May 2024.
It sold the previously owned 93,586 shares for $6.34 billion.
Devin Garofalo also disclosed a decreased stake in Select Sector Spdr Tr by 0.3%.
This leaves the value of the investment at $8.74 billion and 76,455 shares.
One of the smallest hedge funds
The two most similar investment funds to Colonial River Wealth Management are Wc Walker & Associates and 1492 Capital Management. They manage $176 billion and $176 billion respectively.
Devin Garofalo investment strategy
Colonial River Wealth Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 18.1% of
the total portfolio value.
The fund focuses on investments in the United States as
46.0% 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
42% of the total holdings value.
On the other hand, small-cap stocks make up only 3.6% of the portfolio.
The average market cap of the portfolio companies is close to $197 billion.
The complete list of Colonial River Wealth Management trades based on 13F SEC filings
These positions were updated on May 10th 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 |
|---|---|---|---|
| Apple Inc |
66.75%
73,731
|
$12,643,395,000 | 7.20% |
| Microsoft Corporation |
75.83%
21,835
|
$9,186,527,000 | 5.23% |
| NVIDIA Corp |
33.03%
8,072
|
$7,293,536,000 | 4.15% |
| Amazon.com Inc. |
133.65%
30,538
|
$5,508,444,000 | 3.14% |
| Ishares Tr |
Opened
114,753
|
$10,640,965,000 | 6.06% |
| Ishares Tr |
Closed
93,586
|
$6,344,669,000 | |
| Alphabet Inc |
101.98%
30,867
|
$4,661,442,000 | 2.65% |
| Vanguard Index Fds |
109.34%
19,948
|
$5,000,883,000 | 2.85% |
| Invesco Exch Traded Fd Tr Ii |
31.65%
38,331
|
$4,274,106,000 | 2.43% |
| Capital Group Growth Etf |
141.27%
97,999
|
$3,135,001,000 | 1.79% |
| Verizon Communications Inc |
6.39%
73,267
|
$3,074,299,000 | 1.75% |
| Dominion Energy Inc |
122.26%
57,488
|
$2,827,831,000 | 1.61% |
| Meta Platforms Inc |
131.36%
5,777
|
$2,805,196,000 | 1.60% |
| Invesco Exchange Traded Fd T |
52.27%
33,684
|
$3,804,878,000 | 2.17% |
| Capital Group Gbl Growth Eqt |
116.52%
92,036
|
$2,650,627,000 | 1.51% |
| Select Sector Spdr Tr |
32.13%
76,455
|
$8,739,059,000 | 4.98% |
| Exxon Mobil Corp. |
28.14%
20,176
|
$2,345,258,000 | 1.34% |
| Costco Whsl Corp New |
99.33%
2,988
|
$2,189,098,000 | 1.25% |
| Vanguard Intl Equity Index F |
Closed
20,477
|
$2,174,666,000 | |
| Tesla Inc |
213.95%
11,927
|
$2,096,647,000 | 1.19% |
| Janus Detroit Str Tr |
Opened
34,570
|
$2,090,794,000 | 1.19% |
| Pepsico Inc |
79.98%
11,895
|
$2,081,744,000 | 1.19% |
| Pimco Etf Tr |
Closed
20,483
|
$2,051,162,000 | |
| Invesco Exch Trd Slf Idx Fd |
244.19%
36,519
|
$2,016,947,000 | 1.15% |
| Flexshares Tr |
Closed
155,431
|
$4,536,419,000 | |
| Johnson Johnson |
15.43%
11,744
|
$1,857,783,000 | 1.06% |
| First Tr Exchange-traded Fd |
Closed
36,194
|
$1,709,781,000 | |
| Invesco Exchange Traded Fd T |
Opened
80,761
|
$1,667,715,000 | 0.95% |
| Flexshares Tr |
76.62%
62,407
|
$3,527,665,000 | 2.01% |
| Altria Group Inc. |
24.55%
36,460
|
$1,590,398,000 | 0.91% |
| Jpmorgan Chase Co |
30.02%
7,892
|
$1,580,768,000 | 0.90% |
| Abbvie Inc |
16.07%
8,640
|
$1,573,344,000 | 0.90% |
| Home Depot, Inc. |
19.04%
4,030
|
$1,545,908,000 | 0.88% |
| Cisco Sys Inc |
159.81%
28,005
|
$1,397,730,000 | 0.80% |
| Broadcom Inc |
9.75%
1,047
|
$1,387,704,000 | 0.79% |
| Spdr Ser Tr |
77.03%
72,763
|
$4,134,499,000 | 2.35% |
| Fidelity Covington Trust |
185.56%
27,320
|
$1,353,965,000 | 0.77% |
| Procter And Gamble Co |
12.93%
7,928
|
$1,286,318,000 | 0.73% |
| Texas Instrs Inc |
125.96%
7,199
|
$1,254,138,000 | 0.71% |
| Chevron Corp. |
26.21%
7,875
|
$1,242,275,000 | 0.71% |
| Spdr Index Shs Fds |
22.04%
39,245
|
$1,523,948,000 | 0.87% |
| Pfizer Inc. |
47.38%
42,145
|
$1,169,512,000 | 0.67% |
| Spdr Ser Tr |
Opened
13,334
|
$1,163,927,000 | 0.66% |
| Jackson Financial Inc |
18.49%
17,570
|
$1,162,065,000 | 0.66% |
| Intuitive Surgical Inc |
Opened
2,899
|
$1,156,962,000 | 0.66% |
| Invesco Exch Traded Fd Tr Ii |
Opened
14,312
|
$1,148,111,000 | 0.65% |
| Starbucks Corp. |
94.22%
12,341
|
$1,127,844,000 | 0.64% |
| Adobe Inc |
Opened
2,229
|
$1,124,753,000 | 0.64% |
| Unitedhealth Group Inc |
7.03%
2,262
|
$1,119,011,000 | 0.64% |
| Vanguard World Fd |
31.24%
10,251
|
$1,743,216,000 | 0.99% |
| Advanced Micro Devices Inc. |
Opened
5,987
|
$1,080,594,000 | 0.62% |
| Merck Co Inc |
28.00%
8,024
|
$1,058,767,000 | 0.60% |
| Walmart Inc |
158.10%
17,040
|
$1,025,279,000 | 0.58% |
| Philip Morris International Inc |
75.13%
10,674
|
$977,952,000 | 0.56% |
| Mcdonalds Corp |
16.48%
3,375
|
$951,572,000 | 0.54% |
| Comcast Corp New |
168.46%
21,622
|
$937,314,000 | 0.53% |
| Netflix Inc. |
Opened
1,532
|
$930,430,000 | 0.53% |
| AMGEN Inc. |
149.08%
3,263
|
$927,736,000 | 0.53% |
| Bank America Corp |
30.16%
24,140
|
$915,384,000 | 0.52% |
| Att Inc |
12.54%
49,746
|
$875,535,000 | 0.50% |
| Qualcomm, Inc. |
Opened
4,970
|
$841,421,000 | 0.48% |
| Gilead Sciences, Inc. |
Opened
11,185
|
$819,301,000 | 0.47% |
| Select Sector Spdr Tr |
Closed
20,589
|
$1,214,690,000 | |
| Coca-Cola Co |
17.59%
12,466
|
$762,670,000 | 0.43% |
| Iron Mtn Inc Del |
2.48%
9,246
|
$741,622,000 | 0.42% |
| Intuit Inc |
Opened
1,125
|
$731,250,000 | 0.42% |
| Intel Corp. |
Opened
15,267
|
$674,343,000 | 0.38% |
| Vanguard Tax-managed Fds |
10.30%
13,438
|
$674,184,000 | 0.38% |
| International Business Machs |
27.55%
3,418
|
$652,701,000 | 0.37% |
| Spdr Ser Tr |
Closed
35,207
|
$636,552,000 | |
| The Southern Co. |
2.37%
8,218
|
$589,559,000 | 0.34% |
| T-Mobile US Inc |
Opened
3,375
|
$550,868,000 | 0.31% |
| Eaton Corp Plc |
2.43%
1,729
|
$540,624,000 | 0.31% |
| VanEck ETF Trust |
6.16%
21,112
|
$538,577,000 | 0.31% |
| Vanguard World Fds |
Closed
4,209
|
$536,758,000 | |
| Blackstone Inc |
39.58%
3,993
|
$524,560,000 | 0.30% |
| Devon Energy Corp. |
Opened
10,406
|
$522,161,000 | 0.30% |
| Novo-nordisk A S |
4.23%
4,041
|
$518,864,000 | 0.30% |
| VanEck ETF Trust |
Closed
18,913
|
$508,948,000 | |
| Morgan Stanley |
2.61%
5,117
|
$481,817,000 | 0.27% |
| Allstate Corp (The) |
No change
2,746
|
$475,085,000 | 0.27% |
| MPLX LP |
0.54%
10,935
|
$454,459,000 | 0.26% |
| Enterprise Prods Partners L |
5.69%
15,241
|
$444,732,000 | 0.25% |
| Ford Mtr Co Del |
Opened
32,259
|
$428,396,000 | 0.24% |
| Marvell Technology Inc |
6.23%
5,972
|
$423,295,000 | 0.24% |
| Mondelez International Inc. |
Opened
6,046
|
$423,220,000 | 0.24% |
| Bristol-Myers Squibb Co. |
1.26%
7,770
|
$421,347,000 | 0.24% |
| Vanguard Bd Index Fds |
5.05%
5,362
|
$411,105,000 | 0.23% |
| Eli Lilly Co |
5.10%
521
|
$405,317,000 | 0.23% |
| Duke Energy Corp. |
2.87%
4,157
|
$402,023,000 | 0.23% |
| Viking Therapeutics Inc |
Opened
4,620
|
$378,840,000 | 0.22% |
| Ferguson Plc New |
4.81%
1,641
|
$358,444,000 | 0.20% |
| Salesforce Inc |
32.59%
1,156
|
$348,164,000 | 0.20% |
| Spdr Sp 500 Etf Tr |
47.03%
659
|
$344,703,000 | 0.20% |
| Atlantic Un Bankshares Corp |
2.49%
9,389
|
$331,526,000 | 0.19% |
| Goldman Sachs Etf Tr |
84.23%
3,228
|
$325,673,000 | 0.19% |
| Oneok Inc. |
3.06%
4,058
|
$325,330,000 | 0.19% |
| Invesco Exch Traded Fd Tr Ii |
Closed
8,278
|
$324,417,000 | |
| Lockheed Martin Corp. |
5.47%
713
|
$324,361,000 | 0.18% |
| VanEck ETF Trust |
Opened
3,608
|
$324,359,000 | 0.18% |
| First Tr Morningstar Divid L |
52.97%
8,429
|
$324,348,000 | 0.18% |
| Vanguard Charlotte Fds |
5.37%
6,448
|
$317,177,000 | 0.18% |
| Mastercard Incorporated |
3.63%
656
|
$315,916,000 | 0.18% |
| Spdr Gold Tr |
4.44%
1,484
|
$305,288,000 | 0.17% |
| Cummins Inc. |
3.59%
1,020
|
$300,543,000 | 0.17% |
| United Parcel Service, Inc. |
Opened
1,999
|
$297,111,000 | 0.17% |
| Black Stone Minerals L.P. |
Opened
18,410
|
$294,192,000 | 0.17% |
| Ishares Tr |
80.63%
10,893
|
$828,689,000 | 0.47% |
| NextEra Energy Inc |
9.71%
4,343
|
$277,561,000 | 0.16% |
| Ross Stores, Inc. |
46.52%
1,884
|
$276,496,000 | 0.16% |
| Disney Walt Co |
Opened
2,257
|
$276,208,000 | 0.16% |
| Global X Fds |
50.72%
28,005
|
$488,806,000 | 0.28% |
| Hershey Company |
4.69%
1,402
|
$272,710,000 | 0.16% |
| Sherwin-Williams Co. |
4.96%
785
|
$272,654,000 | 0.16% |
| Caterpillar Inc. |
26.89%
734
|
$268,960,000 | 0.15% |
| Ally Finl Inc |
Opened
6,498
|
$263,754,000 | 0.15% |
| Visa Inc |
3.99%
938
|
$261,777,000 | 0.15% |
| Uber Technologies Inc |
Opened
3,390
|
$260,996,000 | 0.15% |
| Sun Cmntys Inc |
6.93%
2,015
|
$259,089,000 | 0.15% |
| Hercules Capital Inc |
35.20%
13,977
|
$257,876,000 | 0.15% |
| GSK Plc |
Opened
5,833
|
$250,061,000 | 0.14% |
| Wisdomtree Tr |
78.88%
5,037
|
$250,017,000 | 0.14% |
| Fortinet Inc |
3.73%
3,644
|
$248,922,000 | 0.14% |
| Capital Group Intl Focus Eqt |
78.50%
9,644
|
$248,632,000 | 0.14% |
| Elevance Health Inc |
8.91%
470
|
$243,714,000 | 0.14% |
| Vanguard Specialized Funds |
10.77%
1,325
|
$241,958,000 | 0.14% |
| ServiceNow Inc |
Opened
309
|
$235,582,000 | 0.13% |
| Ishares Inc |
1.14%
5,613
|
$234,062,000 | 0.13% |
| First Tr Nasdaq 100 Tech Ind |
Opened
1,210
|
$230,723,000 | 0.13% |
| Main Str Cap Corp |
3.49%
4,836
|
$228,768,000 | 0.13% |
| Vanguard Intl Equity Index F |
1.43%
5,317
|
$222,091,000 | 0.13% |
| Palantir Technologies Inc. |
Opened
9,575
|
$220,321,000 | 0.13% |
| Flex Lng Ltd |
Opened
8,490
|
$215,901,000 | 0.12% |
| Waste Mgmt Inc Del |
Opened
1,001
|
$213,363,000 | 0.12% |
| Boeing Co. |
Closed
1,101
|
$211,042,000 | |
| Vici Pptys Inc |
2.12%
7,066
|
$210,496,000 | 0.12% |
| National Storage Affiliates |
Opened
5,295
|
$207,352,000 | 0.12% |
| First Tr Exchange Traded Fd |
51.39%
2,828
|
$206,331,000 | 0.12% |
| Crowdstrike Holdings Inc |
Opened
643
|
$206,139,000 | 0.12% |
| Vanguard Index Fds |
Opened
889
|
$203,217,000 | 0.12% |
| Magic Software Enterprises L |
Opened
16,218
|
$185,696,000 | 0.11% |
| Arbor Realty Trust Inc. |
Opened
10,695
|
$141,709,000 | 0.08% |
| FIGS, Inc. |
Opened
20,545
|
$102,314,000 | 0.06% |
| B2gold Corp |
12.17%
35,565
|
$92,825,000 | 0.05% |
| Algonquin Pwr Utils Corp |
Closed
13,370
|
$79,150,000 | |
| Turkcell Iletisim Hizmetleri |
49.93%
15,090
|
$78,317,000 | 0.04% |
| Exscientia Plc |
Opened
13,415
|
$76,734,000 | 0.04% |
| Gabelli Multimedia Tr Inc |
Closed
11,005
|
$64,819,000 | |
| Diana Shipping Inc |
Opened
17,682
|
$51,101,000 | 0.03% |
| Direxion Shs Etf Tr |
Closed
11,790
|
$44,920,000 | |
| AvroBio Inc |
2.99%
16,177
|
$20,707,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 151 holdings | |||
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