Family Management Corp 13F annual report
Family Management Corp is an investment fund managing more than $561 billion ran by Philip Frank. There are currently 125 companies in Mr. Frank’s portfolio. The largest investments include Pimco Etf Tr and Ishares Tr, together worth $165 billion.
$561 billion Assets Under Management (AUM)
As of 7th August 2024, Family Management Corp’s top holding is 594,759 shares of Pimco Etf Tr currently worth over $59.9 billion and making up 10.7% of the portfolio value.
In addition, the fund holds 979,871 shares of Ishares Tr worth $105 billion.
The third-largest holding is Microsoft worth $23.5 billion and the next is Ishares Tr worth $29.7 billion, with 544,883 shares owned.
Currently, Family Management Corp's portfolio is worth at least $561 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 Family Management Corp
The Family Management Corp office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Philip Frank serves as the Chief Compliance Officer at Family Management Corp.
Recent trades
In the most recent 13F filing, Family Management Corp revealed that it had opened a new position in
Ishares Tr and bought 544,883 shares worth $29.7 billion.
The investment fund also strengthened its position in Pimco Etf Tr by buying
243,438 additional shares.
This makes their stake in Pimco Etf Tr total 594,759 shares worth $59.9 billion.
On the other hand, there are companies that Family Management Corp is getting rid of from its portfolio.
Family Management Corp closed its position in VanEck ETF Trust on 14th August 2024.
It sold the previously owned 800,787 shares for $20.3 billion.
Philip Frank also disclosed a decreased stake in Ishares Tr by 0.1%.
This leaves the value of the investment at $105 billion and 979,871 shares.
One of the average hedge funds
The two most similar investment funds to Family Management Corp are New England Private Wealth Advisors and Legacy Advisors. They manage $561 billion and $562 billion respectively.
Philip Frank investment strategy
Family Management Corp’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 14.7% of
the total portfolio value.
The fund focuses on investments in the United States as
44.0% 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
40% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $237 billion.
The complete list of Family Management Corp 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 |
|---|---|---|---|
| Pimco Etf Tr |
69.29%
594,759
|
$59,862,531,000 | 10.67% |
| Ishares Tr |
12.03%
979,871
|
$104,734,647,000 | 18.66% |
| Microsoft Corporation |
7.13%
52,480
|
$23,455,936,000 | 4.18% |
| Ishares Tr |
Opened
544,883
|
$29,701,531,000 | 5.29% |
| Spdr S&p 500 Etf Tr |
23.64%
38,302
|
$20,844,892,000 | 3.71% |
| VanEck ETF Trust |
Closed
800,787
|
$20,252,254,000 | |
| Apple Inc |
8.31%
94,679
|
$19,941,291,000 | 3.55% |
| NVIDIA Corp |
641.73%
143,889
|
$17,776,047,000 | 3.17% |
| Vanguard Specialized Funds |
8.12%
97,368
|
$17,774,528,000 | 3.17% |
| Alphabet Inc |
4.21%
99,169
|
$18,072,463,000 | 3.22% |
| Amazon.com Inc. |
2.00%
65,893
|
$12,733,822,000 | 2.27% |
| Pacer Fds Tr |
404.43%
264,828
|
$11,535,905,000 | 2.06% |
| Goldman Sachs Etf Tr |
8.57%
78,561
|
$8,402,099,000 | 1.50% |
| Simplify Exchange Traded Fun |
Opened
161,995
|
$8,158,068,000 | 1.45% |
| Berkshire Hathaway Inc. |
2.18%
19,011
|
$7,733,675,000 | 1.38% |
| Home Depot, Inc. |
4.53%
21,444
|
$7,381,883,000 | 1.32% |
| Regeneron Pharmaceuticals, Inc. |
8.27%
6,650
|
$6,989,350,000 | 1.25% |
| Vanguard Index Fds |
142.74%
58,729
|
$11,164,661,000 | 1.99% |
| Vanguard Scottsdale Fds |
63.10%
87,110
|
$6,726,861,000 | 1.20% |
| Meta Platforms Inc |
Opened
10,207
|
$5,146,574,000 | 0.92% |
| American Express Co. |
0.02%
22,175
|
$5,134,621,000 | 0.92% |
| Shell Plc |
1,633.43%
69,632
|
$5,026,038,000 | 0.90% |
| Broadcom Inc |
820.90%
3,085
|
$4,953,060,000 | 0.88% |
| Adobe Inc |
1,018.58%
8,367
|
$4,648,203,000 | 0.83% |
| Elevance Health Inc |
Opened
8,563
|
$4,639,947,000 | 0.83% |
| Procter And Gamble Co |
607.43%
27,611
|
$4,553,606,000 | 0.81% |
| Booking Holdings Inc |
Opened
1,116
|
$4,421,034,000 | 0.79% |
| NRG Energy Inc. |
Opened
54,556
|
$4,247,730,000 | 0.76% |
| Spdr Ser Tr |
68.31%
52,537
|
$4,773,329,000 | 0.85% |
| Johnson & Johnson |
28.47%
27,908
|
$4,079,033,000 | 0.73% |
| Visa Inc |
35.48%
15,538
|
$4,078,259,000 | 0.73% |
| Fastenal Co. |
13.31%
64,853
|
$4,075,363,000 | 0.73% |
| JPMorgan Chase & Co. |
5.88%
19,917
|
$4,028,412,000 | 0.72% |
| Kroger Co. |
Opened
79,552
|
$3,972,031,000 | 0.71% |
| Bank America Corp |
34.94%
98,342
|
$3,918,000,000 | 0.70% |
| Merck & Co Inc |
570.32%
30,915
|
$3,827,277,000 | 0.68% |
| Union Pac Corp |
10.95%
16,462
|
$3,724,692,000 | 0.66% |
| Eli Lilly & Co |
Opened
3,993
|
$3,615,182,000 | 0.64% |
| Texas Pacific Land Corporati |
Opened
4,836
|
$3,550,930,000 | 0.63% |
| Conocophillips |
Opened
29,287
|
$3,349,847,000 | 0.60% |
| Deere & Co. |
Opened
8,958
|
$3,346,978,000 | 0.60% |
| Salesforce Inc |
Opened
13,002
|
$3,342,814,000 | 0.60% |
| Qualcomm, Inc. |
Opened
16,104
|
$3,207,595,000 | 0.57% |
| General Mtrs Co |
Opened
69,000
|
$3,205,740,000 | 0.57% |
| Janus Detroit Str Tr |
Opened
61,253
|
$3,170,455,000 | 0.56% |
| Pulte Group Inc |
Opened
28,458
|
$3,133,226,000 | 0.56% |
| Intercontinental Exchange In |
Closed
26,610
|
$2,927,632,000 | |
| Caterpillar Inc. |
Opened
8,702
|
$2,898,636,000 | 0.52% |
| American Tower Corp. |
Closed
17,490
|
$2,876,231,000 | |
| Chevron Corp. |
Closed
16,575
|
$2,794,877,000 | |
| Medtronic Plc |
Closed
34,858
|
$2,731,473,000 | |
| Eog Res Inc |
Opened
21,335
|
$2,685,436,000 | 0.48% |
| Ameriprise Finl Inc |
0.24%
6,191
|
$2,644,733,000 | 0.47% |
| Applied Matls Inc |
Opened
10,740
|
$2,534,533,000 | 0.45% |
| Tesla Inc |
Closed
9,767
|
$2,443,899,000 | |
| AMGEN Inc. |
8.09%
7,812
|
$2,440,859,000 | 0.43% |
| Disney Walt Co |
Closed
29,835
|
$2,418,127,000 | |
| Aflac Inc. |
Opened
26,984
|
$2,409,941,000 | 0.43% |
| Fifth Third Bancorp |
Opened
64,553
|
$2,355,539,000 | 0.42% |
| Bhp Group Ltd |
Opened
32,896
|
$1,878,033,000 | 0.33% |
| CRH Plc |
Opened
24,715
|
$1,841,749,000 | 0.33% |
| J P Morgan Exchange Traded F |
29.68%
36,111
|
$1,822,522,000 | 0.32% |
| Corebridge Finl Inc |
Closed
91,324
|
$1,803,649,000 | |
| Exchange Listed Fds Tr |
Opened
83,656
|
$1,781,036,000 | 0.32% |
| Valued Advisers Tr |
Opened
65,031
|
$1,647,561,000 | 0.29% |
| Ishares Gold Tr |
59.47%
35,933
|
$1,578,537,000 | 0.28% |
| Lyondellbasell Industries N |
Closed
16,269
|
$1,540,674,000 | |
| The Southern Co. |
Closed
22,284
|
$1,442,220,000 | |
| Schwab Strategic Tr |
27.87%
23,582
|
$1,550,915,000 | 0.28% |
| Ares Capital Corp |
49.05%
60,390
|
$1,258,528,000 | 0.22% |
| Pimco Dynamic Income Strateg |
Opened
48,534
|
$1,081,338,000 | 0.19% |
| Ark Etf Tr |
19.22%
26,893
|
$1,127,218,000 | 0.20% |
| Vanguard Intl Equity Index F |
Opened
10,473
|
$1,103,599,000 | 0.20% |
| Sherwin-Williams Co. |
83.65%
3,049
|
$909,913,000 | 0.16% |
| Walmart Inc |
62.83%
12,852
|
$870,209,000 | 0.16% |
| Golub Cap Bdc Inc |
18.99%
50,589
|
$794,753,000 | 0.14% |
| Spdr Gold Tr |
20.68%
3,689
|
$793,172,000 | 0.14% |
| Taiwan Semiconductor Mfg Ltd |
Opened
4,328
|
$752,250,000 | 0.13% |
| Exxon Mobil Corp. |
5.07%
5,893
|
$678,402,000 | 0.12% |
| Spdr Index Shs Fds |
Opened
16,565
|
$690,051,000 | 0.12% |
| Progressive Corp. |
52.23%
3,043
|
$632,062,000 | 0.11% |
| Black Stone Minerals L.P. |
No change
39,767
|
$623,149,000 | 0.11% |
| Doubleline Etf Trust |
Opened
11,972
|
$615,231,000 | 0.11% |
| Costco Whsl Corp New |
6.90%
702
|
$596,693,000 | 0.11% |
| Ishares Tr |
Closed
16,599
|
$1,093,190,000 | |
| Invesco Exch Traded Fd Tr Ii |
Opened
32,928
|
$1,523,712,000 | 0.27% |
| Asml Holding N V |
89.32%
549
|
$561,479,000 | 0.10% |
| Pepsico Inc |
22.71%
3,389
|
$558,948,000 | 0.10% |
| Nuveen Pfd & Income Secs Fd |
Closed
84,372
|
$520,575,000 | |
| Energy Recovery Inc |
Closed
23,800
|
$504,798,000 | |
| Destra Multi-alternative Fd |
14.59%
62,466
|
$504,101,000 | 0.09% |
| Novo-nordisk A S |
1.72%
3,379
|
$482,318,000 | 0.09% |
| Blackstone Inc |
13.86%
3,894
|
$482,077,000 | 0.09% |
| KKR & Co. Inc |
24.40%
4,538
|
$477,579,000 | 0.09% |
| Crowdstrike Holdings Inc |
80.75%
1,214
|
$465,193,000 | 0.08% |
| Blackrock Health Sciences Te |
Opened
29,881
|
$458,972,000 | 0.08% |
| Pfizer Inc. |
85.03%
16,257
|
$454,871,000 | 0.08% |
| Legg Mason Etf Invt |
No change
6,414
|
$447,802,000 | 0.08% |
| Select Sector Spdr Tr |
No change
3,038
|
$442,789,000 | 0.08% |
| Vanguard Scottsdale Fds |
Closed
6,009
|
$430,370,000 | |
| Spdr Ser Tr |
Closed
20,387
|
$794,483,000 | |
| Northern Lights Fund Trust |
Closed
4,833
|
$426,561,000 | |
| Unitedhealth Group Inc |
22.46%
808
|
$411,482,000 | 0.07% |
| Super Micro Computer Inc |
Opened
502
|
$411,314,000 | 0.07% |
| International Business Machs |
1.44%
2,180
|
$377,031,000 | 0.07% |
| RTX Corp |
85.34%
3,750
|
$376,463,000 | 0.07% |
| Mastercard Incorporated |
86.32%
849
|
$374,545,000 | 0.07% |
| Xylem Inc |
No change
2,660
|
$360,776,000 | 0.06% |
| Chubb Limited |
16.14%
1,366
|
$348,439,000 | 0.06% |
| Cadence Design System Inc |
Opened
1,098
|
$337,910,000 | 0.06% |
| Coca-Cola Co |
Closed
6,024
|
$337,224,000 | |
| Enterprise Prods Partners L |
Opened
11,570
|
$335,299,000 | 0.06% |
| Nuveen New York Amt Qlt Muni |
Closed
32,949
|
$311,368,000 | |
| Eaton Corp Plc |
Opened
963
|
$301,949,000 | 0.05% |
| Cintas Corporation |
0.24%
426
|
$298,311,000 | 0.05% |
| Ssga Active Etf Tr |
Closed
7,418
|
$286,706,000 | |
| Parker-Hannifin Corp. |
1.85%
552
|
$279,207,000 | 0.05% |
| Occidental Pete Corp |
2.30%
4,396
|
$277,080,000 | 0.05% |
| Apogee Therapeutics Inc |
Opened
6,953
|
$273,601,000 | 0.05% |
| Cohen & Steers Real Estate O |
Closed
19,939
|
$260,204,000 | |
| Invesco Value Mun Income Tr |
22.30%
21,047
|
$259,720,000 | 0.05% |
| General Mls Inc |
0.22%
4,000
|
$253,040,000 | 0.05% |
| ServiceNow Inc |
29.84%
315
|
$247,801,000 | 0.04% |
| Intuit Inc |
Opened
374
|
$245,797,000 | 0.04% |
| Lockheed Martin Corp. |
90.74%
512
|
$239,155,000 | 0.04% |
| Target Corp |
Closed
2,112
|
$233,524,000 | |
| Lam Research Corp. |
Opened
216
|
$230,008,000 | 0.04% |
| Thermo Fisher Scientific Inc. |
14.08%
415
|
$229,495,000 | 0.04% |
| Kenvue Inc |
Closed
11,393
|
$228,771,000 | |
| Oppfi Inc |
26.33%
67,170
|
$227,706,000 | 0.04% |
| Netflix Inc. |
Opened
336
|
$226,760,000 | 0.04% |
| Ncino, Inc. |
Closed
7,062
|
$224,572,000 | |
| Marathon Oil Corporation |
No change
7,800
|
$223,626,000 | 0.04% |
| American Elec Pwr Co Inc |
17.64%
2,521
|
$221,193,000 | 0.04% |
| Abrdn Palladium Etf Trust |
Opened
2,475
|
$220,498,000 | 0.04% |
| Palo Alto Networks Inc |
Opened
642
|
$217,644,000 | 0.04% |
| Nike, Inc. |
30.37%
2,880
|
$217,066,000 | 0.04% |
| Oracle Corp. |
Opened
1,500
|
$211,800,000 | 0.04% |
| Rivian Automotive, Inc. |
Closed
8,679
|
$210,726,000 | |
| Doubleline Opportunistic Cr |
Closed
14,314
|
$208,698,000 | |
| Ishares Silver Tr |
Opened
7,668
|
$203,739,000 | 0.04% |
| Invesco Exchange Traded Fd T |
Opened
3,318
|
$244,317,000 | 0.04% |
| Nuveen Municipal Credit Inc |
No change
14,889
|
$183,879,000 | 0.03% |
| Blackrock Municipal Income |
No change
14,898
|
$183,841,000 | 0.03% |
| Nuveen Quality Muncp Income |
25.93%
15,321
|
$179,869,000 | 0.03% |
| Pimco Dynamic Income Oprnts |
Closed
14,046
|
$166,866,000 | |
| Nuveen Amt Free Qlty Mun Inc |
Closed
17,068
|
$165,218,000 | |
| Warner Bros.Discovery Inc |
Closed
13,876
|
$150,693,000 | |
| Collaborative Investmnt Ser |
Closed
11,575
|
$289,579,000 | |
| Nuveen Mun High Income Oppor |
Closed
14,750
|
$136,880,000 | |
| Blackrock Muniyield Fd Inc |
No change
12,029
|
$130,515,000 | 0.02% |
| Blackrock Cr Allocation Inco |
Closed
12,119
|
$117,312,000 | |
| Saba Capital Income & Oprnt |
20.32%
12,563
|
$88,444,000 | 0.02% |
| Spdr Ser Tr |
Opened
445
|
$35,658,000 | 0.01% |
| BioCardia, Inc. |
Closed
77,500
|
$33,317,000 | |
| Vanguard Index Fds |
Opened
114
|
$32,297,000 | 0.01% |
| Rafael Holdings Inc |
Opened
10,000
|
$14,400,000 | 0.00% |
| Schwab Charles Corp |
Closed
239
|
$13,121,000 | |
| Inseego Corp |
Closed
27,552
|
$11,572,000 | |
| No transactions found | |||
| Showing first 500 out of 159 holdings | |||
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