Westwood Wealth Management is an investment fund managing more than $251 billion ran by Michael Puryear. There are currently 36 companies in Mr. Puryear’s portfolio. The largest investments include NVIDIA Corp and Apple Inc, together worth $127 billion.
As of 7th August 2024, Westwood Wealth Management’s top holding is 801,120 shares of NVIDIA Corp currently worth over $99 billion and making up 39.5% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Westwood Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 132,226 shares of Apple Inc worth $27.8 billion, whose value grew 20.2% in the past six months.
The third-largest holding is Meta Platforms Inc worth $13.4 billion and the next is Proshares Tr worth $12.9 billion, with 129,010 shares owned.
Currently, Westwood Wealth Management's portfolio is worth at least $251 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 Westwood Wealth Management office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Michael Puryear serves as the President & Managing Partner at Westwood Wealth Management.
In the most recent 13F filing, Westwood Wealth Management revealed that it had opened a new position in
Direxion Shs Etf Tr and bought 226,970 shares worth $12.6 billion.
The investment fund also strengthened its position in NVIDIA Corp by buying
724,873 additional shares.
This makes their stake in NVIDIA Corp total 801,120 shares worth $99 billion.
NVIDIA Corp dropped 73.5% in the past year.
On the other hand, there are companies that Westwood Wealth Management is getting rid of from its portfolio.
Westwood Wealth Management closed its position in General Mtrs Co on 14th August 2024.
It sold the previously owned 9,265 shares for $333 million.
Michael Puryear also disclosed a decreased stake in Apple Inc by 0.1%.
This leaves the value of the investment at $27.8 billion and 132,226 shares.
The two most similar investment funds to Westwood Wealth Management are Lind Value Ii Aps and Nia Impact Advisors. They manage $251 billion and $251 billion respectively.
Westwood Wealth Management’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 63.0% of
the total portfolio value.
The fund focuses on investments in the United States as
55.6% 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
53% of the total holdings value.
On the other hand, small-cap stocks make up only 2.8% of the portfolio.
The average market cap of the portfolio companies is close to $401 billion.
These positions were updated on August 14th 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 |
950.69%
801,120
|
$98,970,365,000 | 39.46% |
| Apple Inc |
12.80%
132,226
|
$27,849,440,000 | 11.10% |
| Meta Platforms Inc |
332.30%
26,591
|
$13,407,714,000 | 5.35% |
| Proshares Tr |
4.31%
129,010
|
$12,876,488,000 | 5.13% |
| Direxion Shs Etf Tr |
Opened
226,970
|
$12,565,059,000 | 5.01% |
| Microsoft Corporation |
14.09%
27,622
|
$12,345,653,000 | 4.92% |
| Alphabet Inc |
Opened
62,107
|
$11,312,790,000 | 4.51% |
| Broadcom Inc |
14.06%
5,475
|
$8,790,277,000 | 3.50% |
| Amazon.com Inc. |
19.46%
35,270
|
$6,815,928,000 | 2.72% |
| Palo Alto Networks Inc |
1.17%
14,753
|
$5,001,415,000 | 1.99% |
| Direxion Shs Etf Tr |
52.22%
131,905
|
$8,466,301,000 | 3.38% |
| VanEck ETF Trust |
8.13%
17,290
|
$4,507,503,000 | 1.80% |
| Arm Holdings Plc |
Opened
23,675
|
$3,873,704,000 | 1.54% |
| Uber Technologies Inc |
6.53%
49,750
|
$3,615,830,000 | 1.44% |
| Nxp Semiconductors N V |
9.28%
8,830
|
$2,376,065,000 | 0.95% |
| Ishares Tr |
14.44%
24,375
|
$3,505,255,000 | 1.40% |
| Eli Lilly Co |
Opened
1,940
|
$1,756,437,000 | 0.70% |
| Super Micro Computer Inc |
Opened
1,750
|
$1,433,863,000 | 0.57% |
| Union Pac Corp |
0.72%
5,535
|
$1,252,349,000 | 0.50% |
| Spdr Sp 500 Etf Tr |
13.62%
2,251
|
$1,225,039,000 | 0.49% |
| Alphabet Inc |
7.26%
6,640
|
$1,217,909,000 | 0.49% |
| Blackstone Inc |
No change
7,175
|
$888,265,000 | 0.35% |
| Fedex Corp |
4.14%
2,430
|
$728,611,000 | 0.29% |
| Advanced Micro Devices Inc. |
Opened
4,279
|
$694,097,000 | 0.28% |
| Netflix Inc. |
102.78%
1,020
|
$688,378,000 | 0.27% |
| Nike, Inc. |
24.20%
8,302
|
$625,722,000 | 0.25% |
| Proshares Tr |
Opened
10,000
|
$592,600,000 | 0.24% |
| Jpmorgan Chase Co. |
3.46%
2,787
|
$563,699,000 | 0.22% |
| Qualcomm, Inc. |
12.16%
2,708
|
$539,379,000 | 0.22% |
| ServiceNow Inc |
14.29%
600
|
$472,002,000 | 0.19% |
| Disney Walt Co |
17.95%
4,570
|
$453,755,000 | 0.18% |
| Dimensional Etf Trust |
No change
7,420
|
$436,667,000 | 0.17% |
| General Mtrs Co |
Closed
9,265
|
$332,799,000 | |
| Biogen Inc |
Closed
1,125
|
$291,116,000 | |
| Johnson Johnson |
15.24%
1,947
|
$284,574,000 | 0.11% |
| Energy Transfer L P |
No change
15,000
|
$243,300,000 | 0.10% |
| Block Inc |
56.10%
3,560
|
$229,584,000 | 0.09% |
| Delta Air Lines, Inc. |
Opened
4,800
|
$227,712,000 | 0.09% |
| No transactions found | |||
| Showing first 500 out of 38 holdings | |||