Reliant Investment Management 13F annual report

Reliant Investment Management is an investment fund managing more than $212 billion ran by Lon Magness. There are currently 57 companies in Mrs. Magness’s portfolio. The largest investments include Broadcom and Apple Inc, together worth $22.4 billion.

$212 billion Assets Under Management (AUM)

As of 15th July 2024, Reliant Investment Management’s top holding is 8,148 shares of Broadcom currently worth over $13.1 billion and making up 6.2% of the portfolio value. Relative to the number of outstanding shares of Broadcom, Reliant Investment Management owns less than approximately 0.1% of the company. In addition, the fund holds 44,428 shares of Apple Inc worth $9.36 billion, whose value grew 15.7% in the past six months. The third-largest holding is Alphabet Inc worth $9.25 billion and the next is Linde Plc worth $7.69 billion, with 17,521 shares owned.

Currently, Reliant Investment Management's portfolio is worth at least $212 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 Reliant Investment Management

The Reliant Investment Management office and employees reside in Memphis, Tennessee. According to the last 13-F report filed with the SEC, Lon Magness serves as the Chief Compliance Officer at Reliant Investment Management.

Recent trades

In the most recent 13F filing, Reliant Investment Management revealed that it had opened a new position in Cbre Group Inc and bought 48,248 shares worth $4.3 billion.

The investment fund also strengthened its position in Linde Plc by buying 121 additional shares. This makes their stake in Linde Plc total 17,521 shares worth $7.69 billion. Linde Plc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Reliant Investment Management is getting rid of from its portfolio. Reliant Investment Management closed its position in RTX Corp on 22nd July 2024. It sold the previously owned 34,337 shares for $3.35 billion. Lon Magness also disclosed a decreased stake in Broadcom by approximately 0.1%. This leaves the value of the investment at $13.1 billion and 8,148 shares.

One of the smallest hedge funds

The two most similar investment funds to Reliant Investment Management are Cape Investment Advisory and Wills. They manage $212 billion and $212 billion respectively.


Lon Magness investment strategy

Reliant Investment Management’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Technology — making up 29.5% of the total portfolio value. The fund focuses on investments in the United States as 66.7% 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 65% of the total holdings value. On the other hand, small-cap stocks make up only 3.5% of the portfolio. The average market cap of the portfolio companies is close to $257 billion.

The complete list of Reliant Investment Management trades based on 13F SEC filings

These positions were updated on July 22nd 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
Broadcom Inc.
6.94%
8,148
$13,081,858,000 6.16%
Apple Inc
0.24%
44,428
$9,357,337,000 4.41%
Alphabet Inc
2.60%
50,791
$9,251,581,000 4.36%
Linde Plc.
0.70%
17,521
$7,688,390,000 3.62%
Quanta Svcs Inc
3.76%
27,336
$6,945,804,000 3.27%
Tyler Technologies, Inc.
0.93%
13,388
$6,731,219,000 3.17%
Thermo Fisher Scientific Inc.
0.08%
12,163
$6,726,139,000 3.17%
Crowdstrike Holdings Inc
30.57%
17,553
$6,726,134,000 3.17%
Amazon.com Inc.
0.03%
34,027
$6,575,718,000 3.10%
Home Depot, Inc.
2.19%
19,006
$6,542,625,000 3.08%
Eaton Corp Plc
0.44%
20,782
$6,516,196,000 3.07%
Conocophillips
2.02%
53,874
$6,162,108,000 2.90%
American Express Co.
0.33%
25,807
$5,975,611,000 2.81%
Schlumberger Ltd.
1.16%
126,493
$5,967,940,000 2.81%
Microsoft Corporation
4.24%
13,266
$5,929,239,000 2.79%
Unitedhealth Group Inc
0.18%
11,512
$5,862,601,000 2.76%
Palo Alto Networks Inc
1.55%
16,995
$5,761,475,000 2.71%
Advanced Micro Devices Inc.
2.56%
35,424
$5,746,127,000 2.71%
Vulcan Matls Co
0.48%
20,908
$5,199,401,000 2.45%
Marsh & McLennan Cos., Inc.
0.47%
24,409
$5,143,464,000 2.42%
Stryker Corp.
1.83%
15,062
$5,124,845,000 2.41%
Oracle Corp.
1.19%
35,996
$5,082,635,000 2.39%
Pepsico Inc
1.58%
30,512
$5,032,344,000 2.37%
Mastercard Incorporated
5.56%
10,377
$4,577,917,000 2.16%
Ge Healthcare Technologies I
2.45%
57,807
$4,504,323,000 2.12%
S&P Global Inc
3.33%
9,881
$4,406,926,000 2.08%
Caterpillar Inc.
27.56%
13,137
$4,375,935,000 2.06%
Adobe Inc
2.48%
7,846
$4,358,767,000 2.05%
Lockheed Martin Corp.
0.38%
9,214
$4,303,859,000 2.03%
Cbre Group Inc
Opened
48,248
$4,299,379,000 2.03%
Halliburton Co.
1.01%
123,031
$4,155,987,000 1.96%
Disney Walt Co
0.27%
40,787
$4,049,741,000 1.91%
IQVIA Holdings Inc
2.20%
18,640
$3,941,242,000 1.86%
Freeport-McMoRan Inc
Opened
76,153
$3,701,036,000 1.74%
Old Dominion Freight Line In
1,654.87%
19,830
$3,501,978,000 1.65%
RTX Corp
Closed
34,337
$3,348,888,000
AT&T, Inc.
Closed
95,402
$1,679,075,000
Exxon Mobil Corp.
32.11%
12,272
$1,412,753,000 0.67%
Eli Lilly & Co
0.75%
1,328
$1,202,345,000 0.57%
Procter And Gamble Co
4.76%
6,669
$1,099,851,000 0.52%
International Business Machs
1.58%
3,860
$667,587,000 0.31%
Cisco Sys Inc
7.65%
8,425
$400,272,000 0.19%
Simmons 1st Natl Corp
18.07%
21,013
$369,409,000 0.17%
Colgate-Palmolive Co.
No change
3,800
$368,752,000 0.17%
Costco Whsl Corp New
No change
391
$332,346,000 0.16%
Pioneer Nat Res Co
Closed
1,228
$322,350,000
Walmart Inc
No change
4,101
$277,679,000 0.13%
Diamondback Energy Inc
No change
1,281
$256,443,000 0.12%
Fedex Corp
No change
839
$251,566,000 0.12%
Berkshire Hathaway Inc.
No change
609
$247,741,000 0.12%
Chevron Corp.
Opened
1,569
$245,423,000 0.12%
Automatic Data Processing In
No change
1,009
$240,838,000 0.11%
Kimberly-Clark Corp.
No change
1,720
$237,704,000 0.11%
Morgan Stanley
95.08%
2,405
$233,742,000 0.11%
Nucor Corp.
Closed
1,166
$230,751,000
Autozone Inc.
6.25%
75
$222,307,000 0.10%
Moodys Corp
No change
528
$222,251,000 0.10%
Visa Inc
Closed
793
$221,310,000
Honeywell International Inc
No change
1,027
$219,306,000 0.10%
Marathon Oil Corporation
15.48%
7,645
$219,182,000 0.10%
Warner Bros.Discovery Inc
Closed
23,286
$203,287,000
Regions Financial Corp.
No change
10,035
$201,101,000 0.09%
Truist Finl Corp
Closed
5,139
$200,318,000
Shattuck Labs, Inc.
No change
20,000
$77,200,000 0.04%
No transactions found
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