Amg Funds 13F annual report
Amg Funds is an investment fund managing more than $19.6 million ran by Patrick Spellman. There are currently 43 companies in Mr. Spellman’s portfolio. The largest investments include Verizon Communications and Dominion, together worth $1.59 million.
$19.6 million Assets Under Management (AUM)
As of 7th October 2020, Amg Funds’s top holding is 15,047 shares of Verizon Communications currently worth over $830 thousand and making up 4.2% of the portfolio value.
Relative to the number of outstanding shares of Verizon Communications, Amg Funds owns more than approximately 0.1% of the company.
In addition, the fund holds 9,417 shares of Dominion worth $764 thousand, whose value grew 1.4% in the past six months.
The third-largest holding is Kimberly-Clark worth $762 thousand and the next is Target worth $722 thousand, with 6,019 shares owned.
Currently, Amg Funds's portfolio is worth at least $19.6 million. 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 Amg Funds
The Amg Funds office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, Patrick Spellman serves as the SVP, Chief Compliance Officer at Amg Funds.
Recent trades
In the most recent 13F filing, Amg Funds revealed that it had opened a new position in
General Dynamics and bought 2,640 shares worth $395 thousand.
This means they effectively own approximately 0.1% of the company.
General Dynamics makes up
23.8%
of the fund's Industrials sector allocation and has decreased its share price by 20.0% in the past year.
The investment fund also strengthened its position in Cna Finl Corp by buying
1,790 additional shares.
This makes their stake in Cna Finl Corp total 10,415 shares worth $335 thousand.
On the other hand, there are companies that Amg Funds is getting rid of from its portfolio.
Amg Funds closed its position in Lyondellbasell Industries N on 11th August 2020.
It sold the previously owned 6,984 shares for $347 thousand.
Patrick Spellman also disclosed a decreased stake in Verizon Communications by approximately 0.1%.
This leaves the value of the investment at $830 thousand and 15,047 shares.
One of the smallest hedge funds
The two most similar investment funds to Amg Funds are Delphi Private Advisors and First Reserve Gp Xii Ltd. They manage $19.6 million and $19.4 million respectively.
Patrick Spellman investment strategy
Amg Funds’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Health Care — making up 14.0% of
the total portfolio value.
The fund focuses on investments in the United States as
58.1% 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
58% 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 $87.2 billion.
The complete list of Amg Funds trades based on 13F SEC filings
These positions were updated on August 11th 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 |
|---|---|---|---|
| Verizon Communications, Inc. |
6.14%
15,047
|
$830,000 | 4.24% |
| Dominion Energy, Inc. |
6.64%
9,417
|
$764,000 | 3.90% |
| Kimberly-Clark Corp. |
19.75%
5,350
|
$762,000 | 3.89% |
| Target Corp. |
19.93%
6,019
|
$722,000 | 3.69% |
| Cisco Sys Inc |
19.86%
15,258
|
$712,000 | 3.64% |
| Comcast Corp New |
20.28%
17,703
|
$694,000 | 3.54% |
| Unilever Plc |
2.20%
12,626
|
$693,000 | 3.54% |
| Corning, Inc. |
20.35%
26,467
|
$685,000 | 3.50% |
| Bristol Myers Squibb Co. |
19.42%
11,154
|
$656,000 | 3.35% |
| United Parcel Service, Inc. |
20.24%
5,558
|
$618,000 | 3.16% |
| Kinder Morgan, Inc. |
19.68%
39,956
|
$606,000 | 3.09% |
| The AES Corp. |
20.92%
40,122
|
$581,000 | 2.97% |
| Truist Finl Corp |
20.65%
14,917
|
$560,000 | 2.86% |
| Amgen, Inc. |
19.52%
2,284
|
$539,000 | 2.75% |
| Iron Mtn Inc New |
19.61%
19,485
|
$521,000 | 2.66% |
| AbbVie, Inc. |
19.41%
5,074
|
$498,000 | 2.54% |
| Pfizer Inc. |
19.29%
14,924
|
$488,000 | 2.49% |
| Us Bancorp Del |
20.36%
12,938
|
$482,000 | 2.46% |
| Pepsico Inc |
19.73%
3,617
|
$478,000 | 2.44% |
| Atlantica Sustainable Infr P |
19.94%
15,446
|
$449,000 | 2.29% |
| Pnc Finl Svcs Group Inc |
20.48%
3,980
|
$419,000 | 2.14% |
| General Dynamics Corp. |
Opened
2,640
|
$395,000 | 2.02% |
| Enterprise Prods Partners L |
20.95%
21,573
|
$392,000 | 2.00% |
| 3M Co. |
19.55%
2,419
|
$377,000 | 1.93% |
| Chubb Limited |
Opened
2,877
|
$366,000 | 1.87% |
| Oracle Corp. |
19.52%
6,523
|
$361,000 | 1.84% |
| Fidelity National Financial, Inc. |
19.90%
11,385
|
$349,000 | 1.78% |
| Lyondellbasell Industries N |
Closed
6,984
|
$347,000 | |
| AXIS Capital Holdings Ltd. |
19.72%
8,401
|
$344,000 | 1.76% |
| Magellan Midstream Prtnrs Lp |
20.76%
7,772
|
$336,000 | 1.72% |
| The Williams Cos., Inc. |
19.69%
17,608
|
$335,000 | 1.71% |
| Cna Finl Corp |
20.75%
10,415
|
$335,000 | 1.71% |
| Ventas, Inc. |
Closed
12,110
|
$334,000 | |
| WesBanco, Inc. |
Closed
12,798
|
$307,000 | |
| Quest Diagnostics, Inc. |
20.96%
2,666
|
$304,000 | 1.55% |
| Interpublic Group Cos Inc |
20.47%
17,371
|
$298,000 | 1.52% |
| Marathon Pete Corp |
20.63%
7,957
|
$297,000 | 1.52% |
| QUALCOMM, Inc. |
44.36%
3,226
|
$294,000 | 1.50% |
| Omnicom Group, Inc. |
20.43%
5,200
|
$287,000 | 1.47% |
| Fastenal Co. |
51.54%
6,363
|
$273,000 | 1.39% |
| Medtronic Plc |
Opened
2,810
|
$259,000 | 1.32% |
| The Home Depot, Inc. |
Opened
1,030
|
$258,000 | 1.32% |
| Genuine Parts Co. |
Opened
2,860
|
$251,000 | 1.28% |
| Illinois Tool Wks Inc |
19.69%
1,383
|
$243,000 | 1.24% |
| Walgreens Boots Alliance, Inc. |
19.43%
5,715
|
$242,000 | 1.24% |
| Wells Fargo Co New |
Closed
8,170
|
$234,000 | |
| RPM International, Inc. |
Closed
3,881
|
$231,000 | |
| Sensient Technologies Corp. |
20.32%
4,381
|
$229,000 | 1.17% |
| No transactions found | |||
| Showing first 500 out of 48 holdings | |||
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