Allen Wealth Management 13F annual report
Allen Wealth Management is an investment fund managing more than $112 billion ran by Joe Hill. There are currently 58 companies in Mr. Hill’s portfolio. The largest investments include Vanguard Index Fds and Alps Etf Tr, together worth $37.6 billion.
$112 billion Assets Under Management (AUM)
As of 12th July 2024, Allen Wealth Management’s top holding is 139,125 shares of Vanguard Index Fds currently worth over $22.3 billion and making up 19.9% of the portfolio value.
In addition, the fund holds 318,725 shares of Alps Etf Tr worth $15.3 billion.
The third-largest holding is Vanguard World Fd worth $11.1 billion and the next is Exxon Mobil worth $6.81 billion, with 59,179 shares owned.
Currently, Allen Wealth Management's portfolio is worth at least $112 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 Allen Wealth Management
The Allen Wealth Management office and employees reside in Boone, North Carolina. According to the last 13-F report filed with the SEC, Joe Hill serves as the Office Manager at Allen Wealth Management.
Recent trades
In the most recent 13F filing, Allen Wealth Management revealed that it had opened a new position in
Alphabet Inc and bought 1,252 shares worth $230 million.
This means they effectively own approximately 0.1% of the company.
Alphabet Inc makes up
13.8%
of the fund's Technology sector allocation and has grown its share price by 45.6% in the past year.
The investment fund also strengthened its position in Vanguard Index Fds by buying
1,241 additional shares.
This makes their stake in Vanguard Index Fds total 139,125 shares worth $22.3 billion.
On the other hand, Joe Hill disclosed a decreased stake in Pfizer by approximately 0.1%.
This leaves the value of the investment at $2.36 billion and 84,452 shares.
One of the smallest hedge funds
The two most similar investment funds to Allen Wealth Management are Mcmillion Capital Management Inc and Piscataqua Savings Bank. They manage $112 billion and $113 billion respectively.
Joe Hill investment strategy
Allen Wealth Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Energy — making up 9.6% of
the total portfolio value.
The fund focuses on investments in the United States as
53.4% 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
62% of the total holdings value.
On the other hand, small-cap stocks make up only 1.7% of the portfolio.
The average market cap of the portfolio companies is close to $299 billion.
The complete list of Allen Wealth Management trades based on 13F SEC filings
These positions were updated on July 19th 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 |
0.90%
139,125
|
$22,316,994,000 | 19.87% |
| Alps Etf Tr |
1.35%
318,725
|
$15,292,405,000 | 13.61% |
| Vanguard World Fd |
1.77%
86,927
|
$11,089,335,000 | 9.87% |
| Exxon Mobil Corp. |
0.11%
59,179
|
$6,812,634,000 | 6.06% |
| Chevron Corp. |
3.34%
25,101
|
$3,926,374,000 | 3.50% |
| Lockheed Martin Corp. |
4.04%
6,259
|
$2,923,579,000 | 2.60% |
| Merck & Co Inc |
0.25%
22,084
|
$2,733,999,000 | 2.43% |
| Cisco Sys Inc |
3.25%
55,155
|
$2,620,417,000 | 2.33% |
| Taiwan Semiconductor Mfg Ltd |
1.97%
14,564
|
$2,531,369,000 | 2.25% |
| Pfizer Inc. |
1.95%
84,452
|
$2,362,974,000 | 2.10% |
| Apple Inc |
0.36%
10,331
|
$2,175,915,000 | 1.94% |
| Dow Inc |
4.32%
35,854
|
$1,902,063,000 | 1.69% |
| Citigroup Inc |
3.13%
27,476
|
$1,743,627,000 | 1.55% |
| Caterpillar Inc. |
1.99%
5,080
|
$1,692,148,000 | 1.51% |
| Honda Motor |
4.53%
52,453
|
$1,691,085,000 | 1.51% |
| Rio Tinto plc |
6.22%
23,694
|
$1,562,145,000 | 1.39% |
| Public Storage Oper Co |
5.88%
5,422
|
$1,559,638,000 | 1.39% |
| Bank New York Mellon Corp |
1.40%
25,295
|
$1,514,912,000 | 1.35% |
| Lincoln Natl Corp Ind |
5.63%
46,113
|
$1,434,114,000 | 1.28% |
| Medtronic Plc |
6.96%
17,494
|
$1,376,953,000 | 1.23% |
| Nutrien Ltd |
8.84%
26,413
|
$1,344,686,000 | 1.20% |
| Stanley Black & Decker Inc |
8.40%
16,333
|
$1,304,843,000 | 1.16% |
| Kenvue Inc |
11.36%
66,940
|
$1,216,969,000 | 1.08% |
| Duke Energy Corp. |
4.10%
12,098
|
$1,212,583,000 | 1.08% |
| Unilever plc |
5.87%
20,848
|
$1,146,450,000 | 1.02% |
| Coca-Cola Co |
2.77%
16,931
|
$1,077,661,000 | 0.96% |
| Visa Inc |
4.22%
4,039
|
$1,060,116,000 | 0.94% |
| Microsoft Corporation |
48.49%
2,254
|
$1,007,318,000 | 0.90% |
| Starbucks Corp. |
4.01%
11,964
|
$931,397,000 | 0.83% |
| AMGEN Inc. |
2.09%
2,878
|
$899,231,000 | 0.80% |
| Procter And Gamble Co |
3.57%
5,374
|
$886,240,000 | 0.79% |
| Enterprise Prods Partners L |
No change
29,721
|
$861,315,000 | 0.77% |
| Fedex Corp |
1.87%
2,620
|
$785,581,000 | 0.70% |
| JPMorgan Chase & Co. |
6.99%
3,136
|
$634,287,000 | 0.56% |
| Novartis AG |
3.91%
5,688
|
$605,544,000 | 0.54% |
| Energizer Hldgs Inc New |
33.51%
19,846
|
$586,251,000 | 0.52% |
| CVS Health Corp |
11.79%
9,294
|
$548,898,000 | 0.49% |
| Walmart Inc |
14.07%
7,547
|
$511,007,000 | 0.45% |
| Johnson & Johnson |
0.60%
3,467
|
$506,737,000 | 0.45% |
| Novo-nordisk A S |
17.38%
3,090
|
$441,067,000 | 0.39% |
| Intel Corp. |
10.27%
13,975
|
$432,806,000 | 0.39% |
| Northrop Grumman Corp. |
No change
988
|
$430,719,000 | 0.38% |
| Amazon.com Inc. |
1.29%
2,040
|
$394,230,000 | 0.35% |
| MetLife, Inc. |
0.37%
5,399
|
$378,973,000 | 0.34% |
| Price T Rowe Group Inc |
3.70%
3,119
|
$359,652,000 | 0.32% |
| Waste Mgmt Inc Del |
No change
1,626
|
$346,891,000 | 0.31% |
| General Dynamics Corp. |
13.04%
1,118
|
$324,377,000 | 0.29% |
| Verizon Communications Inc |
16.22%
7,402
|
$305,258,000 | 0.27% |
| Bank America Corp |
4.05%
7,362
|
$292,787,000 | 0.26% |
| Lowes Cos Inc |
15.51%
1,214
|
$267,638,000 | 0.24% |
| Mcdonalds Corp |
10.56%
1,047
|
$266,817,000 | 0.24% |
| Automatic Data Processing In |
No change
1,107
|
$264,316,000 | 0.24% |
| Allstate Corp (The) |
No change
1,651
|
$263,599,000 | 0.23% |
| Pepsico Inc |
13.04%
1,569
|
$258,775,000 | 0.23% |
| Home Depot, Inc. |
No change
732
|
$252,055,000 | 0.22% |
| Alphabet Inc |
Opened
1,252
|
$229,642,000 | 0.20% |
| International Paper Co. |
16.53%
5,050
|
$217,908,000 | 0.19% |
| Abbvie Inc |
1.27%
1,239
|
$212,513,000 | 0.19% |
| No transactions found | |||
| Showing first 500 out of 58 holdings | |||
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