Advocate Group 13F annual report

Advocate Group is an investment fund managing more than $496 billion ran by Michael Corrigan. There are currently 106 companies in Mr. Corrigan’s portfolio. The largest investments include General Mls Inc and Vanguard Tax-managed Fds, together worth $45.8 billion.

Limited to 30 biggest holdings

$496 billion Assets Under Management (AUM)

As of 3rd July 2024, Advocate Group’s top holding is 465,470 shares of General Mls Inc currently worth over $29.4 billion and making up 5.9% of the portfolio value. In addition, the fund holds 329,973 shares of Vanguard Tax-managed Fds worth $16.3 billion. The third-largest holding is Vanguard Index Fds worth $25.7 billion and the next is Abbvie Inc worth $13.2 billion, with 76,999 shares owned.

Currently, Advocate Group's portfolio is worth at least $496 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 Advocate Group

The Advocate Group office and employees reside in Minnetonka, Minnesota. According to the last 13-F report filed with the SEC, Michael Corrigan serves as the Chief Compliance Officer at Advocate Group.

Recent trades

In the most recent 13F filing, Advocate Group revealed that it had opened a new position in Exxon Mobil and bought 31,338 shares worth $3.61 billion. This means they effectively own approximately 0.1% of the company. Exxon Mobil makes up 13.5% of the fund's Energy sector allocation and has grown its share price by 6.0% in the past year.

The investment fund also strengthened its position in Vanguard Tax-managed Fds by buying 20,612 additional shares. This makes their stake in Vanguard Tax-managed Fds total 329,973 shares worth $16.3 billion.

On the other hand, there are companies that Advocate Group is getting rid of from its portfolio. Advocate Group closed its position in Pioneer Nat Res Co on 10th July 2024. It sold the previously owned 13,125 shares for $2.95 billion. Michael Corrigan also disclosed a decreased stake in General Mls Inc by approximately 0.1%. This leaves the value of the investment at $29.4 billion and 465,470 shares.

One of the average hedge funds

The two most similar investment funds to Advocate Group are Advisors Network and Spirit Of America Management Corp/ny. They manage $496 billion and $496 billion respectively.


Michael Corrigan investment strategy

Advocate Group’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Health Care — making up 9.6% of the total portfolio value. The fund focuses on investments in the United States as 50.9% 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 58% of the total holdings value. On the other hand, small-cap stocks make up only 3.8% of the portfolio. The average market cap of the portfolio companies is close to $182 billion.

The complete list of Advocate Group trades based on 13F SEC filings

These positions were updated on July 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
General Mls Inc
3.79%
465,470
$29,445,608,000 5.93%
Vanguard Tax-managed Fds
6.66%
329,973
$16,307,280,000 3.29%
Vanguard Index Fds
3.95%
107,436
$25,658,989,000 5.17%
Abbvie Inc
1.55%
76,999
$13,206,868,000 2.66%
Microsoft Corporation
7.06%
28,466
$12,722,879,000 2.56%
International Business Machs
7.71%
65,079
$11,255,489,000 2.27%
Apple Inc
10.31%
50,840
$10,707,872,000 2.16%
Verizon Communications Inc
0.39%
230,758
$9,516,460,000 1.92%
Chevron Corp.
13.81%
59,404
$9,292,041,000 1.87%
Merck Co Inc
2.61%
74,456
$9,217,653,000 1.86%
Cisco Sys Inc
7.24%
193,996
$9,216,741,000 1.86%
United Parcel Service, Inc.
22.40%
65,776
$9,001,446,000 1.81%
Jpmorgan Chase Co
14.72%
44,409
$8,982,164,000 1.81%
Pfizer Inc.
34.54%
316,841
$8,865,211,000 1.79%
Schwab Charles Corp
2.74%
118,995
$8,768,742,000 1.77%
Procter And Gamble Co
26.55%
51,317
$8,463,200,000 1.70%
Duke Energy Corp.
18.73%
84,117
$8,431,047,000 1.70%
Target Corp
7.27%
56,457
$8,357,894,000 1.68%
Johnson Johnson
1.59%
56,773
$8,297,899,000 1.67%
Enbridge Inc
13.76%
232,873
$8,287,950,000 1.67%
Morgan Stanley
12.81%
82,808
$8,048,110,000 1.62%
Kimberly-Clark Corp.
5.76%
57,231
$7,909,306,000 1.59%
Unilever plc
5.03%
141,556
$7,784,164,000 1.57%
Medtronic Plc
10.75%
97,303
$7,658,719,000 1.54%
Union Pac Corp
6.32%
33,658
$7,615,459,000 1.53%
The Southern Co.
1.16%
94,134
$7,301,974,000 1.47%
Emerson Elec Co
14.45%
65,992
$7,269,679,000 1.46%
Texas Instrs Inc
20.84%
37,243
$7,244,881,000 1.46%
Mcdonalds Corp
13.65%
28,210
$7,189,036,000 1.45%
Home Depot, Inc.
7.21%
19,644
$6,762,251,000 1.36%
Nutrien Ltd
22.84%
132,067
$6,723,531,000 1.35%
Dominion Energy Inc
14.75%
134,645
$6,597,605,000 1.33%
Cummins Inc.
0.99%
22,959
$6,358,036,000 1.28%
Evergy Inc
17.68%
114,669
$6,074,017,000 1.22%
Adobe Inc
3.58%
10,797
$5,998,165,000 1.21%
Caterpillar Inc.
0.32%
17,593
$5,860,228,000 1.18%
Chubb Limited
19.55%
22,748
$5,802,560,000 1.17%
Bristol-Myers Squibb Co.
21.90%
134,368
$5,580,303,000 1.12%
BP plc
7.30%
153,523
$5,542,180,000 1.12%
Public Storage
4.91%
19,113
$5,497,944,000 1.11%
Gilead Sciences, Inc.
7.96%
77,650
$5,327,567,000 1.07%
Graphic Packaging Hldg Co
13.75%
190,618
$4,996,098,000 1.01%
Schwab Strategic Tr
36.58%
101,516
$4,950,935,000 1.00%
BCE Inc
20.71%
149,991
$4,855,209,000 0.98%
Shell Plc
2.14%
66,566
$4,804,734,000 0.97%
Lyondellbasell Industries N
2.66%
48,257
$4,616,265,000 0.93%
Avalonbay Cmntys Inc
9.61%
22,087
$4,569,579,000 0.92%
Vanguard Intl Equity Index F
3.02%
177,391
$8,753,583,000 1.76%
Broadcom Inc.
21.26%
2,763
$4,436,079,000 0.89%
Pimco Etf Tr
0.09%
43,943
$4,422,863,000 0.89%
Wp Carey Inc
11.77%
76,020
$4,184,898,000 0.84%
Southern Copper Corporation
13.89%
38,632
$4,162,212,000 0.84%
Unitedhealth Group Inc
4.46%
7,900
$4,023,154,000 0.81%
NextEra Energy Inc
70.12%
56,378
$3,992,126,000 0.80%
Prologis Inc
1.11%
35,023
$3,933,433,000 0.79%
Exxon Mobil Corp.
Opened
31,338
$3,607,631,000 0.73%
Mastercard Incorporated
18.69%
7,977
$3,519,133,000 0.71%
Nike, Inc.
7.98%
41,971
$3,163,354,000 0.64%
Alexandria Real Estate Eq In
644.35%
26,201
$3,064,731,000 0.62%
Pioneer Nat Res Co
Closed
13,125
$2,951,550,000
Applied Matls Inc
20.23%
11,986
$2,828,576,000 0.57%
Rio Tinto plc
Opened
38,956
$2,568,369,000 0.52%
Walmart Inc
134.65%
36,592
$2,477,644,000 0.50%
Crown Castle Inc
29.11%
25,358
$2,477,477,000 0.50%
Freeport-McMoRan Inc
2.40%
49,671
$2,414,011,000 0.49%
Ishares Tr
0.56%
33,132
$2,899,678,000 0.58%
AMGEN Inc.
7.51%
6,255
$1,954,375,000 0.39%
Deere Co
3.07%
4,984
$1,862,172,000 0.38%
Pnc Finl Svcs Group Inc
Closed
10,745
$1,663,863,000
Abbott Labs
3.83%
13,659
$1,419,307,000 0.29%
Entegris Inc
50.09%
9,464
$1,281,426,000 0.26%
Fastenal Co.
0.56%
18,545
$1,165,386,000 0.23%
Mondelez International Inc.
54.24%
16,126
$1,055,285,000 0.21%
Paychex Inc.
5.42%
8,891
$1,054,146,000 0.21%
Toronto Dominion Bk Ont
71.82%
18,644
$1,024,674,000 0.21%
Astrazeneca plc
1.88%
12,717
$991,799,000 0.20%
Masco Corp.
71.05%
14,690
$979,382,000 0.20%
Colgate-Palmolive Co.
7.80%
8,959
$869,381,000 0.18%
Packaging Corp Amer
53.96%
4,721
$861,866,000 0.17%
Coca-Cola Co
4.71%
13,214
$841,093,000 0.17%
Xcel Energy Inc.
Closed
13,320
$824,641,000
Tesla Inc
32.49%
4,078
$806,955,000 0.16%
Steel Dynamics Inc.
4.02%
5,676
$735,042,000 0.15%
Norfolk Southn Corp
3.82%
3,273
$702,680,000 0.14%
Watsco Inc.
No change
1,384
$641,124,000 0.13%
Meta Platforms Inc
No change
1,212
$611,115,000 0.12%
Digital Rlty Tr Inc
14.04%
3,998
$607,896,000 0.12%
Darden Restaurants, Inc.
3.09%
3,761
$569,115,000 0.11%
Conocophillips
No change
4,219
$482,569,000 0.10%
General Electric Co
No change
3,029
$481,520,000 0.10%
Spdr Sp 500 Etf Tr
No change
879
$478,350,000 0.10%
Archer Daniels Midland Co.
8.44%
7,710
$466,070,000 0.09%
Micron Technology Inc.
88.15%
3,401
$447,334,000 0.09%
Centerpoint Energy Inc.
7.34%
12,098
$374,796,000 0.08%
Best Buy Co. Inc.
1.44%
3,632
$306,141,000 0.06%
Schwab Strategic Tr
Closed
8,948
$532,126,000
NVIDIA Corp
Opened
2,320
$286,613,000 0.06%
Diageo plc
1.89%
2,237
$282,041,000 0.06%
Sysco Corp.
No change
3,933
$280,777,000 0.06%
3M Co.
No change
2,723
$278,263,000 0.06%
Costco Whsl Corp New
7.45%
298
$253,297,000 0.05%
Boston Scientific Corp.
Opened
3,274
$252,131,000 0.05%
Lockheed Martin Corp.
7.42%
524
$244,760,000 0.05%
Sonoco Prods Co
Closed
4,220
$235,771,000
Schwab Strategic Tr
Opened
9,227
$628,396,000 0.13%
Eaton Corp Plc
Opened
674
$211,333,000 0.04%
Starbucks Corp.
Closed
2,182
$209,494,000
J P Morgan Exchange Traded F
Opened
4,130
$208,439,000 0.04%
VanEck ETF Trust
Opened
2,387
$206,781,000 0.04%
Spdr Ser Tr
Opened
2,219
$203,665,000 0.04%
BlackBerry Ltd
No change
46,162
$114,482,000 0.02%
United States Antimony Corp.
No change
31,950
$10,738,000 0.00%
No transactions found
Showing first 500 out of 112 holdings