Brick & Kyle, Associates 13F annual report
Brick & Kyle, Associates is an investment fund managing more than $242 million ran by Luke Tourangeau. There are currently 53 companies in Mr. Tourangeau’s portfolio. The largest investments include NVIDIA Corp and Apple Inc, together worth $39.8 million.
$242 million Assets Under Management (AUM)
As of 8th August 2024, Brick & Kyle, Associates’s top holding is 213,866 shares of NVIDIA Corp currently worth over $26.4 million and making up 10.9% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Brick & Kyle, Associates owns more than approximately 0.1% of the company.
In addition, the fund holds 63,474 shares of Apple Inc worth $13.4 million, whose value grew 20.6% in the past six months.
The third-largest holding is Microsoft worth $12.6 million and the next is Alphabet Inc worth $11 million, with 62,583 shares owned.
Currently, Brick & Kyle, Associates's portfolio is worth at least $242 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 Brick & Kyle, Associates
The Brick & Kyle, Associates office and employees reside in Newtown, Pennsylvania. According to the last 13-F report filed with the SEC, Luke Tourangeau serves as the Chief Technology Officer at Brick & Kyle, Associates.
Recent trades
In the most recent 13F filing, Brick & Kyle, Associates revealed that it had opened a new position in
Newmont Corp and bought 130,943 shares worth $5.48 million.
This means they effectively own approximately 0.1% of the company.
Newmont Corp makes up
61.2%
of the fund's Materials sector allocation and has grown its share price by 27.7% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
188,417 additional shares.
This makes their stake in NVIDIA Corp total 213,866 shares worth $26.4 million.
NVIDIA Corp dropped 73.1% in the past year.
On the other hand, there are companies that Brick & Kyle, Associates is getting rid of from its portfolio.
Brick & Kyle, Associates closed its position in CVS Health Corp on 15th August 2024.
It sold the previously owned 74,033 shares for $5.85 million.
Luke Tourangeau also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $12.6 million and 28,098 shares.
One of the smallest hedge funds
The two most similar investment funds to Brick & Kyle, Associates are Glenview State Bank Trust Dept and Peloton Wealth Strategists. They manage $242 million and $243 million respectively.
Luke Tourangeau investment strategy
Brick & Kyle, Associates’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 24.4% of
the total portfolio value.
The fund focuses on investments in the United States as
43.4% 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
42% 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 $359 billion.
The complete list of Brick & Kyle, Associates trades based on 13F SEC filings
These positions were updated on August 15th 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 |
740.37%
213,866
|
$26,421,000 | 10.91% |
| Apple Inc |
8.80%
63,474
|
$13,369,000 | 5.52% |
| Microsoft Corporation |
1.43%
28,098
|
$12,558,000 | 5.19% |
| Alphabet Inc |
3.06%
62,583
|
$11,041,000 | 4.56% |
| Amazon.com Inc. |
0.52%
48,957
|
$9,461,000 | 3.91% |
| Vanguard Index Fds |
104.46%
41,650
|
$9,338,000 | 3.86% |
| Advanced Micro Devic |
9.00%
47,743
|
$7,744,000 | 3.20% |
| Phillips66 |
1.40%
54,160
|
$7,646,000 | 3.16% |
| J P Morgan Chase Co |
1.64%
36,775
|
$7,438,000 | 3.07% |
| Merck Co. Inc. |
1.92%
59,095
|
$7,316,000 | 3.02% |
| Alps Etf Tr |
2.83%
140,219
|
$6,728,000 | 2.78% |
| Abbvie Inc |
2.95%
36,362
|
$6,237,000 | 2.58% |
| RTX Corp |
1.62%
61,190
|
$6,143,000 | 2.54% |
| CVS Health Corp |
Closed
74,033
|
$5,846,000 | |
| Honeywell International Inc |
3.85%
26,459
|
$5,650,000 | 2.33% |
| Newmont Corp |
Opened
130,943
|
$5,483,000 | 2.26% |
| Adobe Inc |
31.68%
9,706
|
$5,392,000 | 2.23% |
| Thermo Fisher Scntfc |
1.95%
9,237
|
$5,108,000 | 2.11% |
| L3harris Technologies In |
7.02%
22,678
|
$5,093,000 | 2.10% |
| Visa Inc |
4.22%
19,030
|
$4,995,000 | 2.06% |
| AMGEN Inc. |
27.87%
15,516
|
$4,848,000 | 2.00% |
| Illinois Tool Works, Inc. |
12.49%
19,636
|
$4,653,000 | 1.92% |
| NextEra Energy Inc |
0.96%
64,413
|
$4,561,000 | 1.88% |
| Prudential Finl |
1.39%
37,294
|
$4,370,000 | 1.80% |
| Pepsico Inc |
2.74%
26,219
|
$4,324,000 | 1.79% |
| Devon Energy Corp. |
5.53%
76,983
|
$3,649,000 | 1.51% |
| Dow Inc |
8.36%
65,519
|
$3,476,000 | 1.44% |
| Bank Of America Corp. |
0.35%
86,270
|
$3,431,000 | 1.42% |
| Qualcomm, Inc. |
Closed
23,654
|
$3,421,000 | |
| Chevron Corp. |
1.24%
21,739
|
$3,400,000 | 1.40% |
| Johnson Johnson |
3.07%
21,970
|
$3,211,000 | 1.33% |
| Cleveland-Cliffs Inc |
Closed
153,655
|
$3,138,000 | |
| Ishares Tr |
20.18%
94,053
|
$5,651,000 | 2.33% |
| Spdr Ser Tr |
2.00%
32,631
|
$3,025,000 | 1.25% |
| The Southern Co. |
2.70%
38,468
|
$2,984,000 | 1.23% |
| Palo Alto Networks Inc |
25.34%
8,720
|
$2,956,000 | 1.22% |
| Verizon Communicatn |
1.86%
62,619
|
$2,582,000 | 1.07% |
| Unitedhealth Grp Inc |
Opened
5,003
|
$2,548,000 | 1.05% |
| Air Prod Chemicals |
Opened
8,865
|
$2,288,000 | 0.94% |
| Invesco Exchange Traded Fd T |
6.87%
121,445
|
$3,073,000 | 1.27% |
| Select Sector Spdr Tr |
22.54%
46,076
|
$2,288,000 | 0.94% |
| Mcdonalds Corp |
4.09%
6,918
|
$1,763,000 | 0.73% |
| Procter Gamble |
2.58%
7,861
|
$1,296,000 | 0.54% |
| Invesco Exchange Traded Fd T |
Opened
28,404
|
$1,290,000 | 0.53% |
| Virtus Equity Conv Inc |
Closed
57,012
|
$1,192,000 | |
| Gladstone Land Corp |
3.08%
54,968
|
$1,159,000 | 0.48% |
| Home Depot, Inc. |
Opened
2,387
|
$822,000 | 0.34% |
| Cadence Design Sys |
Opened
2,477
|
$762,000 | 0.31% |
| Spdr Gold Tr |
3.64%
3,440
|
$740,000 | 0.31% |
| Crowdstrike Holdings Inc |
Opened
1,815
|
$695,000 | 0.29% |
| Eaton Vance Enhanced Eq |
3.54%
32,592
|
$633,000 | 0.26% |
| Select Sector Spdr Etf |
3.06%
6,905
|
$629,000 | 0.26% |
| Select Sector Spdr Etf |
Opened
4,121
|
$502,000 | 0.21% |
| Blackrock Enhanced Equit |
0.41%
50,438
|
$412,000 | 0.17% |
| Schwab Strategic Tr |
7.80%
4,551
|
$354,000 | 0.15% |
| Ishares Tr |
Opened
5,650
|
$331,000 | 0.14% |
| Spdr Etf |
Closed
670
|
$318,000 | |
| Vanguard Index Fds |
Opened
1,116
|
$297,000 | 0.12% |
| Alliancebernstein Glbl |
Closed
28,950
|
$293,000 | |
| No transactions found | |||
| Showing first 500 out of 59 holdings | |||
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