Envoi 13F annual report

Envoi is an investment fund managing more than $30.5 billion ran by Brad Brunell. There are currently 10 companies in Mr. Brunell’s portfolio. The largest investments include Medtronic Plc and Dycom Inds Inc, together worth $25.9 billion.

$30.5 billion Assets Under Management (AUM)

As of 6th August 2024, Envoi’s top holding is 300,000 shares of Medtronic Plc currently worth over $23.6 billion and making up 77.5% of the portfolio value. Relative to the number of outstanding shares of Medtronic Plc, Envoi owns more than approximately 0.1% of the company. In addition, the fund holds 13,653 shares of Dycom Inds Inc worth $2.3 billion. The third-largest holding is Carlisle Cos Inc worth $898 million and the next is Berkshire Hathaway worth $814 million, with 2,000 shares owned.

Currently, Envoi's portfolio is worth at least $30.5 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 Envoi

The Envoi office and employees reside in Minneapolis, Minnesota. According to the last 13-F report filed with the SEC, Brad Brunell serves as the Managing Director at Envoi.

Recent trades

In the most recent 13F filing, Envoi revealed that it had increased its stake in Dycom Inds Inc and bought 3,016 additional shares worth around .

On the other hand, there are companies that Envoi is getting rid of from its portfolio. Envoi closed its position in Apple Inc on 13th August 2024. It sold the previously owned 5,869 shares for $1.01 billion. Brad Brunell also disclosed a decreased stake in Berkshire Hathaway by 0.4%. This leaves the value of the investment at $814 million and 2,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Envoi are Systematic Portfolios and Lord, Abbett & Co. They manage $30.4 billion and $30.4 billion respectively.

Brad Brunell investment strategy

Envoi’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Health Care — making up 77.5% of the total portfolio value. The fund focuses on investments in the Ireland as 10.0% of the portfolio companies are based in the Ireland.

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 30% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $885 billion.

The complete list of Envoi trades based on 13F SEC filings

These positions were updated on August 13th 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
Medtronic Plc	No change 300,000	$23,613,000,000	77.51%
Dycom Inds Inc	28.35% 13,653	$2,304,080,000	7.56%
Apple Inc	Closed 5,869	$1,006,416,000
Carlisle Cos Inc	No change 2,217	$898,351,000	2.95%
Berkshire Hathaway Inc.	38.48% 2,000	$813,600,000	2.67%
NVIDIA Corp	Closed 887	$801,458,000
Spdr S&p 500 Etf Tr	No change 1,406	$765,173,000	2.51%
Amazon.com Inc.	Closed 3,213	$579,561,000
Invesco Exchange Traded Fd T	No change 3,270	$537,196,000	1.76%
Microsoft Corporation	70.92% 1,105	$493,880,000	1.62%
Alphabet Inc	Closed 5,358	$812,596,000
Ishares Tr	12.45% 1,441	$444,793,000	1.46%
Vanguard Index Fds	No change 766	$383,100,000	1.26%
Meta Platforms Inc	Closed 783	$380,209,000
Progressive Corp.	Closed 1,790	$370,208,000
Floor & Decor Holdings Inc	Closed 2,750	$356,455,000
Booking Holdings Inc	Closed 98	$355,532,000
Schwab Charles Corp	Closed 4,325	$312,870,000
American Express Co.	Closed 1,350	$307,381,000
Tempur Sealy International Inc	Closed 5,290	$300,578,000
Analog Devices Inc.	Closed 1,365	$269,983,000
Broadcom Inc.	Closed 200	$265,082,000
Thor Inds Inc	Closed 2,182	$256,036,000
JPMorgan Chase & Co.	Closed 1,201	$240,560,000
Eli Lilly & Co	Closed 306	$238,056,000
Moelis & Co	Closed 4,115	$233,609,000
Arista Networks Inc	Closed 735	$213,135,000
Armstrong World Inds Inc New	Closed 1,715	$213,037,000
General Mls Inc	No change 3,312	$209,517,000	0.69%
No transactions found
Showing first 500 out of 29 holdings