Highland Advisors 13F annual report
Highland Advisors is an investment fund managing more than $269 million ran by Reed Fraasa. There are currently 27 companies in Mr. Fraasa’s portfolio. The largest investments include Spdr Ser Tr and American Centy Etf Tr, together worth $116 million.
$269 million Assets Under Management (AUM)
As of 10th July 2024, Highland Advisors’s top holding is 449,343 shares of Spdr Ser Tr currently worth over $28.9 million and making up 10.7% of the portfolio value.
In addition, the fund holds 1,375,604 shares of American Centy Etf Tr worth $86.7 million.
The third-largest holding is Dimensional Etf Trust worth $23.9 million and the next is Vanguard Scottsdale Fds worth $22.3 million, with 238,199 shares owned.
Currently, Highland Advisors's portfolio is worth at least $269 million. 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 Highland Advisors
The Highland Advisors office and employees reside in Wayne, New Jersey. According to the last 13-F report filed with the SEC, Reed Fraasa serves as the Managing Member and CCO at Highland Advisors.
Recent trades
In the most recent 13F filing, Highland Advisors revealed that it had opened a new position in
Invesco Exch Traded Fd Tr Ii and bought 99,403 shares worth $19.6 million.
The investment fund also strengthened its position in Spdr Ser Tr by buying
66,503 additional shares.
This makes their stake in Spdr Ser Tr total 449,343 shares worth $28.9 million.
On the other hand, there are companies that Highland Advisors is getting rid of from its portfolio.
Highland Advisors closed its position in VanEck ETF Trust on 17th July 2024.
It sold the previously owned 29,446 shares for $1.37 million.
Reed Fraasa also disclosed a decreased stake in Vanguard Scottsdale Fds by approximately 0.1%.
This leaves the value of the investment at $22.3 million and 238,199 shares.
One of the smallest hedge funds
The two most similar investment funds to Highland Advisors are Seascape Capital Management and Chase Investment Counsel Corp. They manage $269 million and $269 million respectively.
Reed Fraasa investment strategy
Highland Advisors’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 0.9% of
the total portfolio value.
The fund focuses on investments in the United States as
25.9% 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
22% of the total holdings value.
On the other hand, small-cap stocks make up only 3.7% of the portfolio.
The average market cap of the portfolio companies is close to $793 billion.
The complete list of Highland Advisors trades based on 13F SEC filings
These positions were updated on July 17th 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 |
|---|---|---|---|
| Spdr Ser Tr |
17.37%
449,343
|
$28,859,000 | 10.73% |
| American Centy Etf Tr |
18.31%
1,375,604
|
$86,735,000 | 32.25% |
| Dimensional Etf Trust |
13.82%
646,585
|
$23,868,000 | 8.87% |
| Vanguard Scottsdale Fds |
8.01%
238,199
|
$22,345,000 | 8.31% |
| Invesco Exch Traded Fd Tr Ii |
Opened
99,403
|
$19,593,000 | 7.29% |
| Goldman Sachs Etf Tr |
14.73%
222,414
|
$12,622,000 | 4.69% |
| Vanguard Whitehall Fds |
59.93%
98,630
|
$11,697,000 | 4.35% |
| Ishares Tr |
19.31%
311,316
|
$27,579,000 | 10.25% |
| Ishares Gold Tr |
8.21%
177,830
|
$7,812,000 | 2.90% |
| Vanguard Index Fds |
9.35%
31,860
|
$8,192,000 | 3.05% |
| Columbia Etf Tr Ii |
15.16%
137,293
|
$4,382,000 | 1.63% |
| Schwab Strategic Tr |
0.08%
31,764
|
$3,203,000 | 1.19% |
| Vanguard Mun Bd Fds |
19.75%
41,156
|
$2,062,000 | 0.77% |
| Ishares U S Etf Tr |
14.96%
39,591
|
$1,985,000 | 0.74% |
| JPMorgan Chase & Co. |
0.71%
7,056
|
$1,427,000 | 0.53% |
| Apple Inc |
11.45%
6,617
|
$1,394,000 | 0.52% |
| VanEck ETF Trust |
Closed
29,446
|
$1,370,000 | |
| Fidelity Wise Origin Bitcoin |
39.06%
22,744
|
$1,193,000 | 0.44% |
| Amazon.com Inc. |
4.02%
4,891
|
$945,000 | 0.35% |
| Ishares Tr |
Closed
10,830
|
$1,021,000 | |
| Microsoft Corporation |
46.08%
1,341
|
$599,000 | 0.22% |
| Vanguard Index Fds |
Closed
5,419
|
$469,000 | |
| Ishares Tr |
Opened
9,828
|
$458,000 | 0.17% |
| Meta Platforms Inc |
No change
740
|
$373,000 | 0.14% |
| Ark Etf Tr |
43.99%
7,737
|
$340,000 | 0.13% |
| Automatic Data Processing In |
No change
1,294
|
$309,000 | 0.11% |
| Berkshire Hathaway Inc. |
Opened
651
|
$265,000 | 0.10% |
| Visa Inc |
3.04%
949
|
$249,000 | 0.09% |
| Public Svc Enterprise Grp In |
Opened
3,157
|
$233,000 | 0.09% |
| Ishares Inc |
49.75%
4,045
|
$217,000 | 0.08% |
| No transactions found | |||
| Showing first 500 out of 30 holdings | |||
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