Abbot Management 13F annual report
Abbot Management is an investment fund managing more than $186 billion ran by Andrew Novelline. There are currently 104 companies in Mr. Novelline’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $27.2 billion.
$186 billion Assets Under Management (AUM)
As of 2nd August 2024, Abbot Management’s top holding is 34,273 shares of Microsoft currently worth over $15.3 billion and making up 8.2% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Abbot Management owns more than approximately 0.1% of the company.
In addition, the fund holds 56,511 shares of Apple Inc worth $11.9 billion, whose value grew 13.0% in the past six months.
The third-largest holding is NVIDIA Corp worth $9.91 billion and the next is Alphabet Inc worth $6.83 billion, with 37,481 shares owned.
Currently, Abbot Management's portfolio is worth at least $186 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 Abbot Management
The Abbot Management office and employees reside in Andover, Massachusetts. According to the last 13-F report filed with the SEC, Andrew Novelline serves as the President at Abbot Management.
Recent trades
In the most recent 13F filing, Abbot Management revealed that it had opened a new position in
Select Sector Spdr Tr and bought 10,100 shares worth $688 million.
The investment fund also strengthened its position in NVIDIA Corp by buying
71,472 additional shares.
This makes their stake in NVIDIA Corp total 80,253 shares worth $9.91 billion.
NVIDIA Corp dropped 75.3% in the past year.
On the other hand, there are companies that Abbot Management is getting rid of from its portfolio.
Abbot Management closed its position in CVS Health Corp on 9th August 2024.
It sold the previously owned 9,952 shares for $794 million.
Andrew Novelline also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $15.3 billion and 34,273 shares.
One of the smallest hedge funds
The two most similar investment funds to Abbot Management are Provence Wealth Management Group and Running Point Capital Advisors. They manage $186 billion and $186 billion respectively.
Andrew Novelline investment strategy
Abbot Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 21.3% of
the total portfolio value.
The fund focuses on investments in the United States as
53.8% 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
52% of the total holdings value.
On the other hand, small-cap stocks make up only 3.8% of the portfolio.
The average market cap of the portfolio companies is close to $197 billion.
The complete list of Abbot Management trades based on 13F SEC filings
These positions were updated on August 9th 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 |
2.19%
34,273
|
$15,318,451,000 | 8.23% |
| Apple Inc |
1.56%
56,511
|
$11,902,368,000 | 6.39% |
| NVIDIA Corp |
813.94%
80,253
|
$9,914,419,000 | 5.33% |
| Alphabet Inc |
0.16%
37,481
|
$6,829,028,000 | 3.67% |
| JPMorgan Chase & Co. |
1.23%
30,934
|
$6,256,711,000 | 3.36% |
| Vanguard Index Fds |
1.68%
36,334
|
$10,361,083,000 | 5.57% |
| Select Sector Spdr Tr |
0.22%
128,521
|
$12,836,601,000 | 6.90% |
| Vanguard Specialized Funds |
1.47%
22,036
|
$4,022,599,000 | 2.16% |
| Bank America Corp |
0.99%
99,846
|
$3,970,860,000 | 2.13% |
| Merck & Co Inc |
0.47%
31,012
|
$3,839,323,000 | 2.06% |
| Blackstone Inc |
0.45%
26,333
|
$3,260,037,000 | 1.75% |
| Cisco Sys Inc |
2.20%
65,802
|
$3,126,272,000 | 1.68% |
| Procter And Gamble Co |
0.27%
17,774
|
$2,931,305,000 | 1.57% |
| Lockheed Martin Corp. |
4.38%
6,049
|
$2,825,628,000 | 1.52% |
| Home Depot, Inc. |
3.55%
8,144
|
$2,803,628,000 | 1.51% |
| Amazon.com Inc. |
13.02%
14,366
|
$2,776,172,000 | 1.49% |
| Abbvie Inc |
3.21%
15,686
|
$2,690,463,000 | 1.45% |
| Ishares Tr |
9.35%
51,584
|
$5,257,963,000 | 2.82% |
| Johnson & Johnson |
3.05%
16,477
|
$2,408,278,000 | 1.29% |
| Bunge Global SA |
0.22%
21,641
|
$2,310,642,000 | 1.24% |
| First Tr Exchange Traded Fd |
8.85%
38,982
|
$2,199,370,000 | 1.18% |
| Emerson Elec Co |
4.77%
18,484
|
$2,036,197,000 | 1.09% |
| Novartis AG |
0.21%
18,939
|
$2,016,283,000 | 1.08% |
| Nike, Inc. |
0.77%
25,713
|
$1,937,974,000 | 1.04% |
| Texas Instrs Inc |
0.04%
9,200
|
$1,789,579,000 | 0.96% |
| Pepsico Inc |
1.26%
10,726
|
$1,768,990,000 | 0.95% |
| Corning, Inc. |
18.14%
45,355
|
$1,762,042,000 | 0.95% |
| Morgan Stanley |
0.28%
18,100
|
$1,759,149,000 | 0.95% |
| Fedex Corp |
2.12%
5,759
|
$1,726,719,000 | 0.93% |
| Mcdonalds Corp |
2.30%
6,759
|
$1,722,566,000 | 0.93% |
| Palo Alto Networks Inc |
No change
4,988
|
$1,690,982,000 | 0.91% |
| Aflac Inc. |
No change
14,735
|
$1,315,983,000 | 0.71% |
| Invesco Exchange Traded Fd T |
0.29%
63,586
|
$2,436,028,000 | 1.31% |
| Kimberly-Clark Corp. |
2.76%
8,801
|
$1,216,298,000 | 0.65% |
| Vanguard World Fd |
1.39%
6,646
|
$1,502,704,000 | 0.81% |
| Parker-Hannifin Corp. |
0.81%
2,317
|
$1,171,810,000 | 0.63% |
| Intel Corp. |
2.35%
36,966
|
$1,144,828,000 | 0.62% |
| Chevron Corp. |
0.14%
6,931
|
$1,084,155,000 | 0.58% |
| Walmart Inc |
No change
15,891
|
$1,075,980,000 | 0.58% |
| Pfizer Inc. |
3.42%
36,303
|
$1,015,744,000 | 0.55% |
| American Intl Group Inc |
1.20%
13,456
|
$999,003,000 | 0.54% |
| Iron Mtn Inc Del |
1.04%
11,133
|
$997,775,000 | 0.54% |
| Cintas Corporation |
No change
1,400
|
$980,364,000 | 0.53% |
| Disney Walt Co |
2.34%
9,820
|
$975,028,000 | 0.52% |
| RTX Corp |
3.13%
9,699
|
$973,632,000 | 0.52% |
| Celanese Corp |
0.01%
7,197
|
$970,803,000 | 0.52% |
| First Tr Exchange-traded Fd |
1.83%
19,647
|
$944,038,000 | 0.51% |
| Chubb Limited |
3.12%
3,342
|
$852,452,000 | 0.46% |
| Boeing Co. |
4.46%
4,675
|
$850,897,000 | 0.46% |
| MercadoLibre Inc |
10.30%
514
|
$844,708,000 | 0.45% |
| Dexcom Inc |
6.51%
7,449
|
$844,568,000 | 0.45% |
| CSX Corp. |
0.41%
24,005
|
$802,967,000 | 0.43% |
| State Str Corp |
0.92%
10,810
|
$799,940,000 | 0.43% |
| CVS Health Corp |
Closed
9,952
|
$793,772,000 | |
| Graco Inc. |
No change
9,950
|
$788,836,000 | 0.42% |
| Crowdstrike Holdings Inc |
17.09%
2,042
|
$782,474,000 | 0.42% |
| Netflix Inc. |
13.87%
1,141
|
$770,038,000 | 0.41% |
| Abbott Labs |
0.68%
7,300
|
$758,543,000 | 0.41% |
| Shopify Inc |
43.77%
11,404
|
$753,234,000 | 0.40% |
| Conocophillips |
1.18%
6,538
|
$747,839,000 | 0.40% |
| Exxon Mobil Corp. |
0.85%
6,387
|
$735,271,000 | 0.39% |
| Schlumberger Ltd. |
6.18%
15,509
|
$731,710,000 | 0.39% |
| Spdr Ser Tr |
0.02%
21,432
|
$1,054,117,000 | 0.57% |
| Kinder Morgan Inc |
0.23%
35,780
|
$710,951,000 | 0.38% |
| Select Sector Spdr Tr |
Opened
10,100
|
$688,214,000 | 0.37% |
| Vanguard Tax-managed Fds |
0.73%
13,561
|
$670,185,000 | 0.36% |
| VanEck ETF Trust |
Opened
19,700
|
$668,421,000 | 0.36% |
| Costco Whsl Corp New |
1.95%
786
|
$667,667,000 | 0.36% |
| Diamondback Energy Inc |
5.99%
3,311
|
$662,829,000 | 0.36% |
| Chemed Corp. |
No change
1,200
|
$651,096,000 | 0.35% |
| Spdr S&p 500 Etf Tr |
1.28%
1,189
|
$647,078,000 | 0.35% |
| Lyondellbasell Industries N |
0.49%
6,755
|
$646,217,000 | 0.35% |
| Advanced Micro Devices Inc. |
15.16%
3,980
|
$645,653,000 | 0.35% |
| Fidelity Merrimack Str Tr |
45.42%
13,603
|
$611,183,000 | 0.33% |
| Salesforce Inc |
No change
2,368
|
$608,813,000 | 0.33% |
| Apollo Global Mgmt Inc |
No change
5,100
|
$602,157,000 | 0.32% |
| Aspen Aerogels Inc. |
27.57%
25,216
|
$601,402,000 | 0.32% |
| Verizon Communications Inc |
0.34%
14,512
|
$598,469,000 | 0.32% |
| Tesla Inc |
12.68%
2,853
|
$564,552,000 | 0.30% |
| Pennantpark Invt Corp |
2.61%
74,492
|
$562,418,000 | 0.30% |
| Berkshire Hathaway Inc. |
1.93%
1,321
|
$537,383,000 | 0.29% |
| Safety Ins Group Inc |
No change
6,963
|
$522,434,000 | 0.28% |
| 3M Co. |
Closed
4,902
|
$519,955,000 | |
| Novo-nordisk A S |
Opened
3,609
|
$515,149,000 | 0.28% |
| Cheniere Energy Inc. |
5.31%
2,937
|
$513,423,000 | 0.28% |
| AT&T Inc. |
5.02%
26,312
|
$502,827,000 | 0.27% |
| 3M Co. |
Opened
4,802
|
$490,716,000 | 0.26% |
| Air Prods & Chems Inc |
No change
1,877
|
$484,360,000 | 0.26% |
| Penumbra Inc |
13.58%
2,542
|
$457,484,000 | 0.25% |
| Medtronic Plc |
1.84%
5,527
|
$435,038,000 | 0.23% |
| Texas Pacific Land Corporati |
No change
540
|
$396,506,000 | 0.21% |
| Bristol-Myers Squibb Co. |
1.13%
9,541
|
$396,254,000 | 0.21% |
| Caterpillar Inc. |
No change
950
|
$316,445,000 | 0.17% |
| Hancock John Tax-advantaged |
6.02%
15,600
|
$315,276,000 | 0.17% |
| Starbucks Corp. |
No change
3,659
|
$284,853,000 | 0.15% |
| Vanguard Intl Equity Index F |
No change
4,010
|
$267,748,000 | 0.14% |
| Autodesk Inc. |
No change
1,070
|
$264,772,000 | 0.14% |
| International Business Machs |
No change
1,520
|
$262,884,000 | 0.14% |
| Diageo plc |
No change
1,925
|
$242,704,000 | 0.13% |
| Quanta Svcs Inc |
No change
815
|
$207,083,000 | 0.11% |
| Eli Lilly & Co |
Opened
228
|
$206,427,000 | 0.11% |
| Array Technologies, Inc. |
100.00%
20,000
|
$205,200,000 | 0.11% |
| Ishares Tr |
Opened
368
|
$201,381,000 | 0.11% |
| Stryker Corp. |
2.48%
591
|
$201,088,000 | 0.11% |
| Waste Mgmt Inc Del |
Closed
940
|
$200,361,000 | |
| Under Armour Inc |
1.04%
20,670
|
$136,459,000 | 0.07% |
| Desktop Metal, Inc. |
Closed
31,250
|
$27,500,000 | |
| Senseonics Holdings Inc |
No change
11,500
|
$4,589,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 108 holdings | |||
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