Abner Herrman & Brock 13F annual report
Abner Herrman & Brock is an investment fund managing more than $789 million ran by Frank Palo. There are currently 89 companies in Mr. Palo’s portfolio. The largest investments include NVIDIA Corp and Microsoft, together worth $99.3 million.
$789 million Assets Under Management (AUM)
As of 11th July 2024, Abner Herrman & Brock’s top holding is 525,957 shares of NVIDIA Corp currently worth over $65 million and making up 8.2% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Abner Herrman & Brock owns more than approximately 0.1% of the company.
In addition, the fund holds 76,755 shares of Microsoft worth $34.3 million, whose value grew 14.1% in the past six months.
The third-largest holding is Amazon.com worth $28.6 million and the next is JPMorgan Chase & Co worth $26.8 million, with 132,609 shares owned.
Currently, Abner Herrman & Brock's portfolio is worth at least $789 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 Abner Herrman & Brock
The Abner Herrman & Brock office and employees reside in Jersey City, New Jersey. According to the last 13-F report filed with the SEC, Frank Palo serves as the SVP at Abner Herrman & Brock.
Recent trades
In the most recent 13F filing, Abner Herrman & Brock revealed that it had opened a new position in
Chubb Ltd and bought 71,624 shares worth $18.3 million.
The investment fund also strengthened its position in NVIDIA Corp by buying
472,865 additional shares.
This makes their stake in NVIDIA Corp total 525,957 shares worth $65 million.
NVIDIA Corp dropped 75.2% in the past year.
On the other hand, there are companies that Abner Herrman & Brock is getting rid of from its portfolio.
Abner Herrman & Brock closed its position in Aon plc on 18th July 2024.
It sold the previously owned 57,144 shares for $19.1 million.
Frank Palo also disclosed a decreased stake in Amazon.com by approximately 0.1%.
This leaves the value of the investment at $28.6 million and 148,170 shares.
One of the smallest hedge funds
The two most similar investment funds to Abner Herrman & Brock are Gfi Investment Counsel and Matrix Capital Management. They manage $789 million and $790 million respectively.
Frank Palo investment strategy
Abner Herrman & Brock’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 28.5% of
the total portfolio value.
The fund focuses on investments in the United States as
59.6% 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
55% of the total holdings value.
On the other hand, small-cap stocks make up only 5.6% of the portfolio.
The average market cap of the portfolio companies is close to $229 billion.
The complete list of Abner Herrman & Brock trades based on 13F SEC filings
These positions were updated on July 18th 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 |
|---|---|---|---|
| NVIDIA Corp |
890.65%
525,957
|
$64,977,000 | 8.23% |
| Microsoft Corporation |
0.07%
76,755
|
$34,306,000 | 4.35% |
| Amazon.com Inc. |
0.16%
148,170
|
$28,634,000 | 3.63% |
| JPMorgan Chase & Co. |
3.12%
132,609
|
$26,822,000 | 3.40% |
| Intl Business Machines Corp |
0.82%
142,706
|
$24,681,000 | 3.13% |
| Netflix Inc. |
5.50%
35,499
|
$23,958,000 | 3.04% |
| Eli Lilly & Co |
0.13%
26,405
|
$23,907,000 | 3.03% |
| Advanced Micro Devices Inc. |
4.68%
145,409
|
$23,587,000 | 2.99% |
| Morgan Stanley |
3.10%
231,165
|
$22,467,000 | 2.85% |
| Oracle Corp. |
0.60%
158,918
|
$22,439,000 | 2.84% |
| Alphabet Inc |
0.68%
121,817
|
$22,344,000 | 2.83% |
| Apple Inc |
21.93%
103,381
|
$21,774,000 | 2.76% |
| Salesforce Inc |
0.62%
80,672
|
$20,741,000 | 2.63% |
| Exxon Mobil Corp. |
10.12%
176,418
|
$20,309,000 | 2.57% |
| Intuit Inc |
0.33%
29,130
|
$19,145,000 | 2.43% |
| Aon plc. |
Closed
57,144
|
$19,070,000 | |
| Mastercard Incorporated |
2.41%
42,458
|
$18,731,000 | 2.37% |
| Chubb Ltd |
Closed
72,267
|
$18,727,000 | |
| Chubb Ltd |
Opened
71,624
|
$18,270,000 | 2.31% |
| American Express Co. |
2.25%
78,525
|
$18,182,000 | 2.30% |
| Adobe Inc |
5.27%
30,378
|
$16,876,000 | 2.14% |
| Marriott Intl Inc New Cl A |
3.76%
69,406
|
$16,780,000 | 2.13% |
| Aon plc. |
Opened
57,108
|
$16,766,000 | 2.12% |
| Merck & Co Inc |
2.77%
134,718
|
$16,678,000 | 2.11% |
| Schlumberger Ltd. |
Closed
281,667
|
$15,438,000 | |
| Bank Of America Corp. |
Opened
379,753
|
$15,103,000 | 1.91% |
| Abbott Laboratories |
1.92%
141,135
|
$14,665,000 | 1.86% |
| Mcdonalds Corp |
1.24%
56,377
|
$14,367,000 | 1.82% |
| Automatic Data Processing Inc. |
1.12%
59,034
|
$14,091,000 | 1.79% |
| Chevron Corp. |
27.39%
90,069
|
$14,089,000 | 1.79% |
| Walmart Inc |
0.09%
204,357
|
$13,837,000 | 1.75% |
| Unitedhealth Group Inc |
2.04%
23,776
|
$12,108,000 | 1.53% |
| Home Depot, Inc. |
0.32%
34,837
|
$11,992,000 | 1.52% |
| Ge Healthcare Technology |
Closed
128,231
|
$11,657,000 | |
| Emerson Elec Co |
No change
99,688
|
$10,982,000 | 1.39% |
| American International Group Inc |
7.19%
147,246
|
$10,932,000 | 1.39% |
| Stryker Corp. |
0.36%
31,299
|
$10,649,000 | 1.35% |
| United Parcel Service Inc Cl |
3.78%
71,795
|
$9,825,000 | 1.24% |
| Ge Healthcare Techno |
Opened
123,036
|
$9,587,000 | 1.21% |
| Thermo Fisher Scient |
4.16%
16,485
|
$9,116,000 | 1.16% |
| Air Products & Chemicalsinc |
2.07%
34,604
|
$8,930,000 | 1.13% |
| Meta Platforms Inc Class |
Opened
16,316
|
$8,227,000 | 1.04% |
| Meta Platforms Inc |
Closed
15,990
|
$7,764,000 | |
| Spdr S&p 500 Etf Trust |
Opened
13,342
|
$7,261,000 | 0.92% |
| Spdr S&p 500 Etf Trust |
Closed
13,882
|
$7,261,000 | |
| Applied Material Inc |
3.68%
29,550
|
$6,974,000 | 0.88% |
| Citigroup Inc |
Opened
105,355
|
$6,686,000 | 0.85% |
| Procter & Gamble Co. |
3.14%
38,511
|
$6,351,000 | 0.80% |
| RTX Corp |
Opened
62,918
|
$6,316,000 | 0.80% |
| Intuitive Surgical Inc |
Opened
12,900
|
$5,739,000 | 0.73% |
| RTX Corp |
Closed
53,763
|
$5,244,000 | |
| Intuitive Surgical Inc |
Closed
12,900
|
$5,148,000 | |
| Wells Fargo & Co. |
Opened
71,350
|
$4,237,000 | 0.54% |
| Mckesson Corporation |
0.86%
6,120
|
$3,574,000 | 0.45% |
| AMGEN Inc. |
3.63%
11,163
|
$3,488,000 | 0.44% |
| Boeing Co. |
No change
15,138
|
$2,755,000 | 0.35% |
| Pepsico Inc |
81.97%
15,116
|
$2,493,000 | 0.32% |
| Lockheed Martin Corp. |
2.02%
5,147
|
$2,404,000 | 0.30% |
| Factset Research Systems Inc. |
No change
4,000
|
$1,633,000 | 0.21% |
| Allstate Corp Del Com |
No change
7,869
|
$1,256,000 | 0.16% |
| Pub Svc Enterprise Grp |
No change
17,000
|
$1,253,000 | 0.16% |
| Deere Co |
4.31%
3,330
|
$1,244,000 | 0.16% |
| Edwards Lifesciences Corp |
6.23%
11,431
|
$1,056,000 | 0.13% |
| Ishares S&p 100 Etf |
0.82%
3,708
|
$980,000 | 0.12% |
| Qualcomm, Inc. |
Closed
5,667
|
$959,000 | |
| DuPont de Nemours Inc |
Opened
10,500
|
$845,000 | 0.11% |
| Nextera Energy Inc Shs |
Opened
11,779
|
$834,000 | 0.11% |
| Travelers Cos Inc/the |
1.61%
4,046
|
$823,000 | 0.10% |
| DuPont de Nemours Inc |
Closed
10,500
|
$805,000 | |
| NextEra Energy Inc |
Closed
12,179
|
$778,000 | |
| Abbvie Inc |
Closed
4,089
|
$745,000 | |
| Abbvie Inc Shs |
Opened
4,177
|
$717,000 | 0.09% |
| Costco Wholesale Crp Del |
Opened
739
|
$628,000 | 0.08% |
| Berkshire Hathawayinc Del Cl |
58.13%
1,458
|
$593,000 | 0.08% |
| EQT Corp |
No change
13,827
|
$511,000 | 0.06% |
| Costco Wholesale Corp |
Closed
684
|
$501,000 | |
| Dorian LPG Ltd |
No change
10,500
|
$441,000 | 0.06% |
| Honeywell International Inc |
96.98%
1,987
|
$424,000 | 0.05% |
| 3M Co. |
34.48%
3,900
|
$399,000 | 0.05% |
| Broadcom Inc. |
Opened
247
|
$397,000 | 0.05% |
| Marsh & McLennan Cos., Inc. |
No change
1,850
|
$390,000 | 0.05% |
| Pfizer Inc. |
No change
13,950
|
$390,000 | 0.05% |
| American Wtr Wks Co Inc New |
No change
3,000
|
$387,000 | 0.05% |
| Goldman Sachs Group, Inc. |
Closed
907
|
$379,000 | |
| Blackrock Inc. |
Closed
449
|
$374,000 | |
| Ishares Russell 1000 Growth |
No change
1,022
|
$373,000 | 0.05% |
| Goldman Sachs Group, Inc. |
Opened
807
|
$365,000 | 0.05% |
| Blackrock Inc. |
Opened
449
|
$354,000 | 0.04% |
| Ishares Russell 1000 Value |
No change
2,000
|
$349,000 | 0.04% |
| Waste Management, Inc. |
Opened
1,525
|
$325,000 | 0.04% |
| Johnson And Johnson Com |
41.65%
2,225
|
$325,000 | 0.04% |
| Alphabet Inc Shs Cl A |
Opened
1,785
|
$325,000 | 0.04% |
| Waste Management, Inc. |
Closed
1,525
|
$325,000 | |
| Ishares Core S&p 500 Etf |
0.53%
560
|
$306,000 | 0.04% |
| Fedex Corp |
Closed
1,046
|
$303,000 | |
| Broadcom Inc. |
Closed
196
|
$260,000 | |
| Danaher Corp Del Com |
No change
1,020
|
$255,000 | 0.03% |
| Visa Inc-class A Shares |
Closed
887
|
$248,000 | |
| Church & Dwight Co., Inc. |
No change
2,380
|
$247,000 | 0.03% |
| Cisco Systems, Inc. |
Closed
4,908
|
$245,000 | |
| Visa Inc Cl A Shrs |
Opened
924
|
$243,000 | 0.03% |
| Cisco Systems, Inc. |
Opened
4,908
|
$233,000 | 0.03% |
| Lowe's Companies Inc |
No change
1,047
|
$231,000 | 0.03% |
| Verizon Communications Inc |
No change
5,574
|
$230,000 | 0.03% |
| Clorox Co. |
Closed
1,500
|
$230,000 | |
| Fifth Third Bancorp |
No change
6,231
|
$227,000 | 0.03% |
| Becton, Dickinson and Company |
Closed
852
|
$211,000 | |
| AT&T Inc. |
Opened
11,000
|
$210,000 | 0.03% |
| Ishares Russell Mid-cap Etf |
Closed
2,409
|
$203,000 | |
| Coca Cola Com |
Opened
3,165
|
$201,000 | 0.03% |
| AT&T Inc. |
Closed
11,000
|
$194,000 | |
| Brainstorm Cell Therapeutics, Inc. |
No change
145,500
|
$49,000 | 0.01% |
| Theglobe.com Inc |
No change
10,000
|
$1,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 113 holdings | |||
Hedge funds similar to Abner Herrman & Brock
- Sol Capital Management Co
- Graham Co
- Horan Capital Management
- Optimal Asset Management
- Coordinating Investment Fiduciary Of Raytheon Employee
- Matrix Capital Management
- Gfi Investment Counsel
- Hudson Executive Capital L.P.
- Ia Venture Partners
- Phocas
- Portfolio Solutions
- Narwhal Capital Management
- Parallax Fund, L.P.
- Tygh Capital Management