Darrow 13F annual report
Darrow is an investment fund managing more than $135 billion ran by Michelle Wells. There are currently 25 companies in Mrs. Wells’s portfolio. The largest investments include VanEck ETF Trust and Vanguard Bd Index Fds, together worth $41.9 billion.
$135 billion Assets Under Management (AUM)
As of 16th July 2024, Darrow’s top holding is 210,873 shares of VanEck ETF Trust currently worth over $16 billion and making up 11.8% of the portfolio value.
Relative to the number of outstanding shares of VanEck ETF Trust, Darrow owns less than approximately 0.1% of the company.
In addition, the fund holds 349,150 shares of Vanguard Bd Index Fds worth $26 billion.
The third-largest holding is Ishares Tr worth $32.2 billion and the next is Invesco Exchange Traded Fd T worth $16.1 billion, with 138,768 shares owned.
Currently, Darrow's portfolio is worth at least $135 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 Darrow
The Darrow office and employees reside in Needham, Massachusetts. According to the last 13-F report filed with the SEC, Michelle Wells serves as the Wealth Advisor at Darrow.
Recent trades
In the most recent 13F filing, Darrow revealed that it had opened a new position in
Ishares Tr and bought 2,204 shares worth $213 million.
The investment fund also strengthened its position in VanEck ETF Trust by buying
2,581 additional shares.
This makes their stake in VanEck ETF Trust total 210,873 shares worth $16 billion.
VanEck ETF Trust dropped approximately 0.1% in the past year.
On the other hand, there are companies that Darrow is getting rid of from its portfolio.
Darrow closed its position in Vanguard Scottsdale Fds on 23rd July 2024.
It sold the previously owned 3,156 shares for $244 million.
Michelle Wells also disclosed a decreased stake in Vanguard Bd Index Fds by approximately 0.1%.
This leaves the value of the investment at $26 billion and 349,150 shares.
One of the smallest hedge funds
The two most similar investment funds to Darrow are Partnership Wealth Management and Wealthcollab. They manage $135 billion and $135 billion respectively.
Michelle Wells investment strategy
Darrow’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Miscellaneous — making up 11.8% of
the total portfolio value.
The fund focuses on investments in the United States as
24.0% 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
24% of the total holdings value.
On the other hand, small-cap stocks make up only 8.0% of the portfolio.
The average market cap of the portfolio companies is close to $712 billion.
The complete list of Darrow trades based on 13F SEC filings
These positions were updated on July 23rd 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 |
|---|---|---|---|
| VanEck ETF Trust |
1.24%
210,873
|
$15,970,011,000 | 11.79% |
| Vanguard Bd Index Fds |
0.36%
349,150
|
$25,952,126,000 | 19.16% |
| Ishares Tr |
0.93%
466,461
|
$32,197,030,000 | 23.77% |
| Invesco Exchange Traded Fd T |
0.13%
138,768
|
$16,120,018,000 | 11.90% |
| Vanguard Whitehall Fds |
1.22%
65,097
|
$7,720,490,000 | 5.70% |
| Schwab Strategic Tr |
3.20%
237,093
|
$13,060,845,000 | 9.64% |
| Wisdomtree Tr |
0.74%
65,329
|
$5,098,895,000 | 3.76% |
| Victory Portfolios II |
5.02%
47,190
|
$2,350,046,000 | 1.73% |
| Ishares Inc |
3.06%
41,302
|
$2,210,902,000 | 1.63% |
| Vanguard World Fd |
0.01%
7,044
|
$2,712,878,000 | 2.00% |
| Spdr S&p Midcap 400 Etf Tr |
0.03%
3,129
|
$1,674,364,000 | 1.24% |
| Vanguard Index Fds |
0.02%
4,315
|
$1,852,821,000 | 1.37% |
| Vanguard Specialized Funds |
0.01%
7,354
|
$1,342,457,000 | 0.99% |
| Spdr S&p 500 Etf Tr |
0.27%
2,247
|
$1,222,716,000 | 0.90% |
| Microsoft Corporation |
No change
2,097
|
$937,320,000 | 0.69% |
| Dimensional Etf Trust |
No change
21,406
|
$635,116,000 | 0.47% |
| Ishares U S Etf Tr |
No change
12,039
|
$605,922,000 | 0.45% |
| Apple Inc |
3.68%
2,829
|
$595,851,000 | 0.44% |
| Spdr Ser Tr |
0.05%
17,665
|
$1,007,678,000 | 0.74% |
| Netflix Inc. |
0.33%
609
|
$411,001,000 | 0.30% |
| Exxon Mobil Corp. |
0.55%
3,308
|
$380,833,000 | 0.28% |
| Amazon.com Inc. |
No change
1,805
|
$348,816,000 | 0.26% |
| Alphabet Inc |
No change
3,485
|
$636,874,000 | 0.47% |
| Vanguard Scottsdale Fds |
Closed
3,156
|
$244,046,000 | |
| Ishares Tr |
Opened
2,204
|
$212,910,000 | 0.16% |
| Vanguard Scottsdale Fds |
0.90%
2,565
|
$205,012,000 | 0.15% |
| No transactions found | |||
| Showing first 500 out of 26 holdings | |||
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