Kades & Cheifetz 13F annual report

Kades & Cheifetz is an investment fund managing more than $158 billion ran by Stephen Cheifetz. There are currently 53 companies in Mr. Cheifetz’s portfolio. The largest investments include Schwab Strategic Tr and Strategy Shs, together worth $45.7 billion.

Limited to 30 biggest holdings

$158 billion Assets Under Management (AUM)

As of 5th August 2024, Kades & Cheifetz’s top holding is 659,857 shares of Schwab Strategic Tr currently worth over $36.4 billion and making up 23.1% of the portfolio value. In addition, the fund holds 437,773 shares of Strategy Shs worth $9.25 billion. The third-largest holding is Vanguard Specialized Funds worth $9.09 billion and the next is Spdr Ser Tr worth $16 billion, with 212,794 shares owned.

Currently, Kades & Cheifetz's portfolio is worth at least $158 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 Kades & Cheifetz

The Kades & Cheifetz office and employees reside in Berwyn, Pennsylvania. According to the last 13-F report filed with the SEC, Stephen Cheifetz serves as the Chief Compliance Officer at Kades & Cheifetz.

Recent trades

In the most recent 13F filing, Kades & Cheifetz revealed that it had opened a new position in Vanguard Wellington Fd and bought 43,218 shares worth $4.32 billion.

The investment fund also strengthened its position in Schwab Strategic Tr by buying 5,516 additional shares. This makes their stake in Schwab Strategic Tr total 659,857 shares worth $36.4 billion.

On the other hand, there are companies that Kades & Cheifetz is getting rid of from its portfolio. Kades & Cheifetz closed its position in Invesco Exch Trd Slf Idx Fd on 12th August 2024. It sold the previously owned 40,880 shares for $868 million. Stephen Cheifetz also disclosed a decreased stake in Spdr Ser Tr by 0.3%. This leaves the value of the investment at $16 billion and 212,794 shares.

One of the smallest hedge funds

The two most similar investment funds to Kades & Cheifetz are Lodbrok Capital LL.P. and Marlin Sams Capital Management. They manage $158 billion and $158 billion respectively.

Stephen Cheifetz investment strategy

Kades & Cheifetz’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 5.2% of the total portfolio value. The fund focuses on investments in the United States as 32.1% 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 32% of the total holdings value. On the other hand, small-cap stocks make up only 1.9% of the portfolio. The average market cap of the portfolio companies is close to $431 billion.

The complete list of Kades & Cheifetz trades based on 13F SEC filings

These positions were updated on August 12th 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
Schwab Strategic Tr	0.84% 659,857	$36,417,419,000	23.07%
Strategy Shs	176.16% 437,773	$9,245,766,000	5.86%
Vanguard Specialized Funds	5.76% 49,817	$9,094,029,000	5.76%
Spdr Ser Tr	30.02% 212,794	$16,021,680,000	10.15%
Apple Inc	5.32% 39,118	$8,238,984,000	5.22%
Ishares Gold Tr	1.32% 127,150	$5,585,700,000	3.54%
Ishares Tr	0.61% 372,772	$20,170,559,000	12.78%
Vanguard Wellington Fd	Opened 43,218	$4,324,814,000	2.74%
Wisdomtree Tr	2.84% 144,048	$4,935,909,000	3.13%
Invesco Exch Traded Fd Tr Ii	23.24% 313,946	$4,269,326,000	2.70%
Ishares Inc	Opened 45,792	$2,710,872,000	1.72%
Microsoft Corporation	4.43% 5,351	$2,391,682,000	1.52%
Spdr Index Shs Fds	22.83% 68,616	$2,362,452,000	1.50%
NVIDIA Corp	717.41% 18,874	$2,331,728,000	1.48%
Nuveen Floating Rate Income	1.07% 209,296	$1,810,414,000	1.15%
Graniteshares Gold Tr	6.39% 77,975	$1,790,306,000	1.13%
Matthews Asia Fds	Opened 57,684	$1,745,811,000	1.11%
Vanguard Index Fds	0.41% 6,655	$1,664,580,000	1.05%
VanEck ETF Trust	19.97% 70,732	$1,582,281,000	1.00%
Alphabet Inc	5.17% 10,087	$1,845,726,000	1.17%
Cummins Inc.	2.41% 4,013	$1,111,384,000	0.70%
Broadcom Inc	2.34% 655	$1,052,117,000	0.67%
Spdr Ser Tr	Opened 29,064	$1,410,932,000	0.89%
Vanguard Whitehall Fds	5.66% 8,796	$1,043,147,000	0.66%
Blackrock Floating Rate Inco	20.10% 72,852	$942,702,000	0.60%
International Business Machs	5.76% 5,398	$933,499,000	0.59%
Invesco Exch Trd Slf Idx Fd	Closed 40,880	$867,877,000
Invesco Exch Trd Slf Idx Fd	163.32% 97,883	$1,998,943,000	1.27%
Medtronic Plc	14.08% 9,515	$748,926,000	0.47%
Waste Mgmt Inc Del	2.95% 3,351	$714,972,000	0.45%
Walmart Inc	176.55% 9,624	$651,671,000	0.41%
Chevron Corp.	2.85% 3,782	$591,552,000	0.37%
Select Sector Spdr Tr	17.40% 8,096	$551,660,000	0.35%
Berkshire Hathaway Inc.	15.80% 1,172	$476,770,000	0.30%
Invesco Exch Trd Slf Idx Fd	Opened 82,450	$1,496,655,000	0.95%
Dimensional Etf Trust	1.20% 10,393	$408,149,000	0.26%
Listed Fd Tr	46.54% 12,384	$397,703,000	0.25%
NextEra Energy Inc	15.61% 5,389	$381,615,000	0.24%
Mckesson Corporation	3.21% 633	$369,886,000	0.23%
Schwab Strategic Tr	Opened 6,962	$357,847,000	0.23%
United Parcel Service, Inc.	2.36% 2,606	$356,613,000	0.23%
Vanguard Scottsdale Fds	8.16% 4,277	$341,824,000	0.22%
AMGEN Inc.	15.05% 1,017	$317,786,000	0.20%
Intuitive Surgical Inc	Opened 660	$293,601,000	0.19%
Hologic, Inc.	40.80% 3,772	$280,071,000	0.18%
Vanguard Bd Index Fds	Opened 3,602	$276,281,000	0.18%
Vanguard World Fd	Opened 2,701	$260,985,000	0.17%
Ford Mtr Co Del	Closed 21,002	$260,851,000
Costco Whsl Corp New	27.50% 290	$246,828,000	0.16%
Spdr Gold Tr	Opened 976	$209,850,000	0.13%
Merck & Co Inc	Opened 1,689	$209,125,000	0.13%
Procter And Gamble Co	Opened 1,255	$206,937,000	0.13%
Ishares Tr	Opened 7,228	$410,125,000	0.26%
Enterprise Prods Partners L	Opened 7,051	$204,324,000	0.13%
Arbutus Biopharma Corp	No change 20,000	$61,800,000	0.04%
No transactions found
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