Ashmore Wealth Management is an investment fund managing more than $1.58 billion ran by Nathan Brown. There are currently 28 companies in Mr. Brown’s portfolio. The largest investments include Microsoft and Apple, together worth $564 million.
As of 7th October 2020, Ashmore Wealth Management’s top holding is 2,465,867 shares of Microsoft currently worth over $343 million and making up 21.7% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Ashmore Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 987,849 shares of Apple worth $221 million, whose value grew 68.8% in the past six months.
The third-largest holding is Intel worth $112 million and the next is Visa worth $82.5 million, with 479,694 shares owned.
Currently, Ashmore Wealth Management's portfolio is worth at least $1.58 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.
The Ashmore Wealth Management office and employees reside in Wilmington, Delaware. According to the last 13-F report filed with the SEC, Nathan Brown serves as the Business Manager at Ashmore Wealth Management.
In the most recent 13F filing, Ashmore Wealth Management revealed that it had opened a new position in
Pluralsight and bought 761,129 shares worth $12.8 million.
This means they effectively own approximately 0.1% of the company.
Pluralsight makes up
1.8%
of the fund's Technology sector allocation and has grown its share price by 14.2% in the past year.
The investment fund also strengthened its position in Applied Materials by buying
153,784 additional shares.
This makes their stake in Applied Materials total 1,017,639 shares worth $50.8 million.
Applied Materials soared 24.6% in the past year.
On the other hand, there are companies that Ashmore Wealth Management is getting rid of from its portfolio.
Ashmore Wealth Management closed its position in Oracle on 13th November 2019.
It sold the previously owned 707,104 shares for $40.3 million.
Nathan Brown also disclosed a decreased stake in Cognizant Technology Solutions by 0.4%.
This leaves the value of the investment at $34.3 million and 569,709 shares.
The two most similar investment funds to Ashmore Wealth Management are Smead Capital Management and Wafra Inc. They manage $1.59 billion and $1.58 billion respectively.
Ashmore Wealth Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 45.5% of
the total portfolio value.
The fund focuses on investments in the United States as
78.6% 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
68% 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 $239 billion.
These positions were updated on November 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 |
|---|---|---|---|
| Microsoft Corp. |
No change
2,465,867
|
$342,830,000 | 21.66% |
| Apple, Inc. |
No change
987,849
|
$221,249,000 | 13.98% |
| Intel Corp. |
No change
2,182,650
|
$112,472,000 | 7.11% |
| Visa, Inc. |
No change
479,694
|
$82,512,000 | 5.21% |
| Knight-Swift Transportation Holdings, Inc. |
No change
2,014,574
|
$73,129,000 | 4.62% |
| Boeing Co/the |
No change
184,328
|
$70,131,000 | 4.43% |
| Union Pacific Corp. |
No change
373,549
|
$60,508,000 | 3.82% |
| Mastercard, Inc. |
No change
221,519
|
$60,158,000 | 3.80% |
| Fastenal Co. |
No change
1,642,184
|
$53,650,000 | 3.39% |
| Applied Materials, Inc. |
17.80%
1,017,639
|
$50,780,000 | 3.21% |
| Adobe Systems Inc |
No change
155,684
|
$43,008,000 | 2.72% |
| Illinois Tool Works, Inc. |
No change
264,506
|
$41,392,000 | 2.62% |
| Oracle Corp. |
Closed
707,104
|
$40,283,000 | |
| salesforce.com, inc. |
No change
269,626
|
$40,023,000 | 2.53% |
| Texas Instruments Incorporated |
No change
300,602
|
$38,850,000 | 2.45% |
| Cognizant Technology Solutions Corp. |
38.27%
569,709
|
$34,334,000 | 2.17% |
| Fortive Corp. |
24.68%
493,092
|
$33,807,000 | 2.14% |
| Shopify, Inc. |
No change
88,185
|
$27,484,000 | 1.74% |
| NVIDIA Corp. |
No change
139,749
|
$24,326,000 | 1.54% |
| Xilinx, Inc. |
No change
229,153
|
$21,976,000 | 1.39% |
| Wabtec Corp/de |
No change
302,260
|
$21,720,000 | 1.37% |
| CoStar Group, Inc. |
103.27%
34,732
|
$20,603,000 | 1.30% |
| Ao Smith Corp |
No change
420,168
|
$20,046,000 | 1.27% |
| Snap-On, Inc. |
No change
121,875
|
$19,078,000 | 1.21% |
| Delta Air Lines, Inc. |
38.77%
283,915
|
$16,353,000 | 1.03% |
| Ritchie Bros. Auctioneers, Inc. |
No change
408,305
|
$16,291,000 | 1.03% |
| Splunk, Inc. |
166.24%
117,427
|
$13,840,000 | 0.87% |
| Pluralsight, Inc. |
Opened
761,129
|
$12,783,000 | 0.81% |
| Insperity, Inc. |
Opened
93,837
|
$9,254,000 | 0.58% |
| No transactions found | |||
| Showing first 500 out of 29 holdings | |||