Palouse Capital Management 13F annual report

Palouse Capital Management is an investment fund managing more than $151 billion ran by Christopher Hicks. There are currently 104 companies in Mr. Hicks’s portfolio. The largest investments include Microsoft and Spdr Ser Tr, together worth $10.4 billion.

Limited to 30 biggest holdings

$151 billion Assets Under Management (AUM)

As of 5th August 2024, Palouse Capital Management’s top holding is 11,755 shares of Microsoft currently worth over $5.25 billion and making up 3.5% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Palouse Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 59,461 shares of Spdr Ser Tr worth $5.14 billion. The third-largest holding is Pfizer worth $4.18 billion and the next is Vanguard Scottsdale Fds worth $4.38 billion, with 54,920 shares owned.

Currently, Palouse Capital Management's portfolio is worth at least $151 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 Palouse Capital Management

The Palouse Capital Management office and employees reside in Spokane, Washington. According to the last 13-F report filed with the SEC, Christopher Hicks serves as the PRESIDENT at Palouse Capital Management.

Recent trades

In the most recent 13F filing, Palouse Capital Management revealed that it had opened a new position in Ulta Beauty Inc and bought 2,998 shares worth $1.16 billion. This means they effectively own approximately 0.1% of the company. Ulta Beauty Inc makes up 11.8% of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Spdr Ser Tr by buying 2,669 additional shares. This makes their stake in Spdr Ser Tr total 59,461 shares worth $5.14 billion.

On the other hand, there are companies that Palouse Capital Management is getting rid of from its portfolio. Palouse Capital Management closed its position in Goldman Sachs on 12th August 2024. It sold the previously owned 5,144 shares for $2.15 billion. Christopher Hicks also disclosed a decreased stake in Microsoft by approximately 0.1%. This leaves the value of the investment at $5.25 billion and 11,755 shares.

One of the smallest hedge funds

The two most similar investment funds to Palouse Capital Management are V2 Group and Investments & Planning. They manage $149 billion and $149 billion respectively.


Christopher Hicks investment strategy

Palouse Capital Management’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 15.2% of the total portfolio value. The fund focuses on investments in the United States as 58.7% 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 38% 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 $132 billion.

The complete list of Palouse Capital Management trades based on 13F SEC filings

These positions were updated on August 12th 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
Microsoft Corporation
2.76%
11,755
$5,253,897,000 3.53%
Spdr Ser Tr
4.70%
59,461
$5,143,889,000 3.45%
Pfizer Inc.
1.68%
149,259
$4,176,267,000 2.80%
Vanguard Scottsdale Fds
2.18%
54,920
$4,381,222,000 2.94%
Tyson Foods, Inc.
2.26%
72,868
$4,163,678,000 2.79%
Newmont Corp
2.71%
94,952
$3,975,640,000 2.67%
Lamar Advertising Co
2.20%
32,668
$3,904,848,000 2.62%
Baker Hughes Company
1.60%
110,167
$3,874,573,000 2.60%
Citigroup Inc
3.13%
59,887
$3,800,429,000 2.55%
Keurig Dr Pepper Inc
1.62%
112,574
$3,759,972,000 2.52%
Blackrock Inc.
1.91%
4,729
$3,723,236,000 2.50%
Huntington Bancshares, Inc.
2.81%
281,054
$3,704,285,000 2.49%
Devon Energy Corp.
1.33%
77,195
$3,659,043,000 2.46%
Netapp Inc
3.85%
27,643
$3,560,418,000 2.39%
Target Corp
0.89%
23,999
$3,552,812,000 2.38%
Qualcomm, Inc.
2.25%
17,395
$3,464,736,000 2.33%
General Mls Inc
1.88%
53,444
$3,380,867,000 2.27%
Eog Res Inc
1.94%
26,481
$3,333,101,000 2.24%
Air Prods Chems Inc
1.18%
12,785
$3,299,169,000 2.21%
Ishares Tr
2.31%
98,566
$3,655,670,000 2.45%
Kenvue Inc
75.32%
149,144
$2,711,438,000 1.82%
KeyCorp
2.95%
180,709
$2,567,875,000 1.72%
United Parcel Service, Inc.
37.08%
18,319
$2,506,955,000 1.68%
Apple Inc
9.54%
11,895
$2,505,325,000 1.68%
Nxp Semiconductors N V
4.29%
9,197
$2,474,690,000 1.66%
Unitedhealth Group Inc
3.06%
4,752
$2,419,749,000 1.62%
Cisco Sys Inc
274.81%
50,892
$2,417,879,000 1.62%
Lam Research Corp.
5.39%
2,231
$2,375,570,000 1.59%
International Paper Co.
2.63%
52,474
$2,264,253,000 1.52%
Alphabet Inc
5.62%
11,858
$2,159,935,000 1.45%
Goldman Sachs Group, Inc.
Closed
5,144
$2,148,597,000
Corning, Inc.
2.47%
54,003
$2,098,017,000 1.41%
Medtronic Plc
1.60%
26,199
$2,062,123,000 1.38%
Att Inc
0.95%
105,009
$2,006,722,000 1.35%
Fedex Corp
2.38%
6,390
$1,915,828,000 1.29%
Alps Etf Tr
1.04%
39,866
$1,912,771,000 1.28%
Kraft Heinz Co
1.48%
57,707
$1,859,320,000 1.25%
East West Bancorp, Inc.
3.13%
24,383
$1,785,502,000 1.20%
Starbucks Corp.
2,113.50%
22,135
$1,723,230,000 1.16%
Meta Platforms Inc
4.89%
3,231
$1,629,135,000 1.09%
Comcast Corp New
1.38%
41,770
$1,612,254,000 1.08%
Interpublic Group Cos Inc
1.26%
54,700
$1,591,223,000 1.07%
EBay Inc.
2.70%
29,288
$1,573,351,000 1.06%
Fiserv, Inc.
1.93%
10,043
$1,496,734,000 1.00%
CVS Health Corp
2.02%
24,883
$1,469,590,000 0.99%
RTX Corp
Closed
14,323
$1,396,922,000
Spdr Sp 500 Etf Tr
7.59%
2,557
$1,391,571,000 0.93%
Thermo Fisher Scientific Inc.
2.94%
2,445
$1,352,085,000 0.91%
Electronic Arts, Inc.
22.79%
9,477
$1,320,361,000 0.89%
Amazon.com Inc.
2.91%
6,577
$1,271,005,000 0.85%
Aptiv PLC
2.74%
18,011
$1,268,335,000 0.85%
Incyte Corp.
1.57%
19,610
$1,188,758,000 0.80%
PayPal Holdings Inc
3.18%
19,959
$1,158,221,000 0.78%
Ulta Beauty Inc
Opened
2,998
$1,156,838,000 0.78%
Akamai Technologies Inc
16.83%
12,729
$1,146,628,000 0.77%
Disney Walt Co
1.70%
10,807
$1,073,027,000 0.72%
Johnson Johnson
Closed
5,047
$798,385,000
Yum China Holdings Inc
Opened
25,597
$789,411,000 0.53%
Becton Dickinson Co
23.23%
3,061
$715,386,000 0.48%
Whirlpool Corp.
3.21%
6,664
$681,061,000 0.46%
Ppg Inds Inc
Opened
5,341
$672,378,000 0.45%
Invesco Exch Traded Fd Tr Ii
0.20%
28,969
$608,505,000 0.41%
Schwab Strategic Tr
1.43%
11,998
$805,857,000 0.54%
Novo-nordisk A S
Closed
2,000
$256,800,000
Brady Corp.
6.60%
3,441
$227,175,000 0.15%
Globus Med Inc
Opened
3,092
$211,771,000 0.14%
Ishares Tr
Closed
4,145
$430,602,000
DMC Global Inc
23.92%
14,381
$207,374,000 0.14%
Metropolitan Bk Hldg Corp
3.23%
4,788
$201,527,000 0.14%
Abm Inds Inc
8.26%
3,978
$201,167,000 0.14%
Merit Med Sys Inc
5.37%
2,186
$187,887,000 0.13%
Enersys
4.23%
1,789
$185,146,000 0.12%
Meritage Homes Corp.
12.53%
1,089
$176,255,000 0.12%
Envista Holdings Corp
33.68%
10,411
$173,135,000 0.12%
Ultra Clean Hldgs Inc
6.51%
3,333
$163,317,000 0.11%
Chevron Corp.
Closed
1,024
$161,526,000
Kelly Svcs Inc
5.75%
7,355
$157,460,000 0.11%
MGP Ingredients, Inc.
2.27%
2,111
$157,058,000 0.11%
Bank Ozk Little Rock Ark
8.42%
3,720
$152,520,000 0.10%
Performance Food Group Company
2.32%
2,273
$150,268,000 0.10%
Shutterstock Inc
20.70%
3,877
$150,040,000 0.10%
Upbound Group Inc
5.33%
4,846
$148,772,000 0.10%
Costco Whsl Corp New
Closed
200
$146,526,000
Axos Financial Inc.
6.62%
2,525
$144,304,000 0.10%
Mohawk Inds Inc
28.72%
1,196
$135,854,000 0.09%
AGCO Corp.
Opened
1,298
$127,048,000 0.09%
Semler Scientific Inc
Closed
4,320
$126,187,000
Western Alliance Bancorp
66.64%
1,973
$123,944,000 0.08%
Digi International, Inc.
6.92%
5,287
$121,231,000 0.08%
ConnectOne Bancorp Inc.
7.11%
6,415
$121,170,000 0.08%
Preferred Bk Los Angeles Ca
3.46%
1,523
$114,971,000 0.08%
Broadcom Inc
96.13%
71
$113,993,000 0.08%
Belden Inc
Closed
1,175
$108,817,000
Carriage Svcs Inc
No change
3,932
$105,535,000 0.07%
Acm Resh Inc
Opened
4,571
$105,407,000 0.07%
Cohu, Inc.
No change
3,182
$105,324,000 0.07%
Us Foods Hldg Corp
No change
1,911
$101,245,000 0.07%
Ingredion Inc
1.68%
879
$100,821,000 0.07%
Apple Hospitality REIT Inc
Opened
6,778
$98,552,000 0.07%
Cathay Gen Bancorp
No change
2,500
$94,325,000 0.06%
Gentherm Inc
Opened
1,871
$92,278,000 0.06%
Owens Corning
No change
524
$91,029,000 0.06%
Northwest Nat Hldg Co
No change
2,352
$84,931,000 0.06%
Dream Finders Homes, Inc.
Opened
3,076
$79,422,000 0.05%
Brunswick Corp.
No change
1,066
$77,573,000 0.05%
Sturm Ruger Co Inc
Opened
1,851
$77,094,000 0.05%
NVIDIA Corp
Closed
85
$76,803,000
Photronics, Inc.
Opened
3,057
$75,416,000 0.05%
Thor Inds Inc
25.08%
793
$74,106,000 0.05%
Cigna Group (The)
Closed
194
$70,459,000
Pepsico Inc
Closed
400
$70,004,000
Verint Sys Inc
35.94%
2,142
$68,972,000 0.05%
HP Inc
No change
1,942
$68,009,000 0.05%
Jpmorgan Chase Co
Closed
250
$50,075,000
Procter And Gamble Co
No change
286
$47,167,000 0.03%
Select Sector Spdr Tr
No change
548
$41,966,000 0.03%
Invesco Exchange Traded Fd T
No change
2,588
$38,121,000 0.03%
Spdr Ser Tr
Closed
256
$33,597,000
Bristol-Myers Squibb Co.
Closed
400
$21,692,000
Dynavax Technologies Corp.
Closed
1,260
$15,637,000
Boeing Co.
Closed
75
$14,474,000
WestRock Co
Closed
223
$11,027,000
Wynn Resorts Ltd.
Closed
100
$10,223,000
Mks Instrs Inc
Closed
74
$9,842,000
Tesla Inc
Closed
50
$8,790,000
Prestige Consmr Healthcare I
Closed
116
$8,417,000
Cardinal Health, Inc.
Closed
75
$8,393,000
Integer Hldgs Corp
Closed
64
$7,468,000
Webster Finl Corp
Closed
126
$6,397,000
Schlumberger Ltd.
Closed
100
$5,481,000
Zimmer Biomet Holdings Inc
Closed
40
$5,279,000
Banc of California Inc
Closed
340
$5,171,000
Granite Constr Inc
Closed
67
$3,828,000
Dutch Bros Inc.
Closed
100
$3,300,000
Travelers Companies Inc.
Closed
14
$3,222,000
Eastman Chem Co
Closed
25
$2,506,000
Apogee Enterprises Inc.
Closed
1
$30,000
Methode Electrs Inc
Closed
1
$6,000
No transactions found
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