Shorepath Capital Management 13F annual report
Shorepath Capital Management is an investment fund managing more than $130 billion ran by Scott Wallace. There are currently 22 companies in Mr. Wallace’s portfolio. The largest investments include Bank Of America and Meta Platforms Inc, together worth $23.5 billion.
$130 billion Assets Under Management (AUM)
As of 7th August 2024, Shorepath Capital Management’s top holding is 296,659 shares of Bank Of America currently worth over $11.8 billion and making up 9.1% of the portfolio value.
Relative to the number of outstanding shares of Bank Of America, Shorepath Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 23,303 shares of Meta Platforms Inc worth $11.7 billion, whose value grew 11.7% in the past six months.
The third-largest holding is Goldman Sachs Group Inc/the worth $11.1 billion and the next is Apple Inc worth $9.63 billion, with 45,709 shares owned.
Currently, Shorepath Capital Management's portfolio is worth at least $130 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 Shorepath Capital Management
The Shorepath Capital Management office and employees reside in Park City, Utah. According to the last 13-F report filed with the SEC, Scott Wallace serves as the Chief Investment Officer at Shorepath Capital Management.
Recent trades
In the most recent 13F filing, Shorepath Capital Management revealed that it had increased its stake in
Meta Platforms Inc and bought 564 additional shares worth around $300 thousand.
This means they effectively own approximately 0.1% of the company.
Meta Platforms Inc makes up
50.3%
of the fund's Technology sector allocation and has grown its share price by 72.6% in the past year.
On the other hand, Scott Wallace disclosed a decreased stake in Bank Of America by approximately 0.1%.
This leaves the value of the investment at $11.8 billion and 296,659 shares.
One of the smallest hedge funds
The two most similar investment funds to Shorepath Capital Management are Zynergyretirementplanning and Brainard Capital Management. They manage $130 billion and $130 billion respectively.
Scott Wallace investment strategy
Shorepath Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Finance — making up 19.8% of
the total portfolio value.
The fund focuses on investments in the United States as
54.5% 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 $312 billion.
The complete list of Shorepath Capital Management trades based on 13F SEC filings
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 |
|---|---|---|---|
| Bank Of America Corp. |
2.91%
296,659
|
$11,798,128,000 | 9.08% |
| Meta Platforms Inc |
2.48%
23,303
|
$11,749,839,000 | 9.04% |
| Goldman Sachs Group Inc/the |
6.97%
24,549
|
$11,104,004,000 | 8.55% |
| Apple Inc |
0.69%
45,709
|
$9,627,230,000 | 7.41% |
| Berkshire Hathaway Inc. |
0.67%
18,124
|
$7,372,843,000 | 5.67% |
| EOG Resources, Inc. |
2.32%
55,193
|
$6,947,143,000 | 5.35% |
| Danaher Corp. |
3.31%
27,677
|
$6,915,098,000 | 5.32% |
| Dell Technologies Inc |
29.09%
49,147
|
$6,777,863,000 | 5.22% |
| Comcast Corp |
10.96%
172,014
|
$6,736,068,000 | 5.18% |
| Honeywell International Inc |
8.28%
31,445
|
$6,714,765,000 | 5.17% |
| Visa Inc |
3.23%
25,014
|
$6,565,425,000 | 5.05% |
| Alcon Inc. |
0.84%
59,294
|
$5,281,910,000 | 4.07% |
| Fortive Corp |
6.55%
69,804
|
$5,172,476,000 | 3.98% |
| Airbnb, Inc. |
14.85%
33,580
|
$5,091,735,000 | 3.92% |
| Adobe Inc |
17.66%
8,670
|
$4,816,532,000 | 3.71% |
| Ishares Core S&p 500 Etf |
No change
8,254
|
$4,516,836,000 | 3.48% |
| Aptiv PLC |
8.15%
53,860
|
$3,792,821,000 | 2.92% |
| Bhp Group Ltd |
0.74%
63,646
|
$3,633,550,000 | 2.80% |
| Lululemon Athletica inc. |
32.14%
9,670
|
$2,888,429,000 | 2.22% |
| Vanguard Ftse All-world Ex-us |
No change
17,437
|
$1,022,506,000 | 0.79% |
| Vanguard Total Stock Market Et |
No change
2,840
|
$759,728,000 | 0.58% |
| Vanguard Total Bond Market Etf |
No change
8,935
|
$643,767,000 | 0.50% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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