Strategic Wealth Management 13F annual report
Strategic Wealth Management is an investment fund managing more than $273 million ran by Michael Priore. There are currently 92 companies in Mr. Priore’s portfolio. The largest investments include Schwab Strategic Tr and Ishares Tr, together worth $163 million.
$273 million Assets Under Management (AUM)
As of 6th August 2021, Strategic Wealth Management’s top holding is 847,154 shares of Schwab Strategic Tr currently worth over $63.1 million and making up 23.1% of the portfolio value.
In addition, the fund holds 741,904 shares of Ishares Tr worth $99.6 million.
The third-largest holding is Vanguard World Fds worth $11.3 million and the next is Apple Inc worth $10.2 million, with 74,202 shares owned.
Currently, Strategic Wealth Management's portfolio is worth at least $273 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 Strategic Wealth Management
The Strategic Wealth Management office and employees reside in Fulton, Maryland. According to the last 13-F report filed with the SEC, Michael Priore serves as the Chief Compliance Officer at Strategic Wealth Management.
Recent trades
In the most recent 13F filing, Strategic Wealth Management revealed that it had opened a new position in
Vanguard Index Fds and bought 7,172 shares worth $1.35 million.
The investment fund also strengthened its position in Ishares Tr by buying
29,594 additional shares.
This makes their stake in Ishares Tr total 741,904 shares worth $99.6 million.
On the other hand, there are companies that Strategic Wealth Management is getting rid of from its portfolio.
Strategic Wealth Management closed its position in Novavax on 13th August 2021.
It sold the previously owned 13,221 shares for $2.4 million.
Michael Priore also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%.
This leaves the value of the investment at $63.1 million and 847,154 shares.
One of the smallest hedge funds
The two most similar investment funds to Strategic Wealth Management are Blume Capital Management and Riversedge Advisors. They manage $273 million and $274 million respectively.
Michael Priore investment strategy
Strategic Wealth Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 7.7% of
the total portfolio value.
The fund focuses on investments in the United States as
41.3% 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
39% of the total holdings value.
On the other hand, small-cap stocks make up only 2.2% of the portfolio.
The average market cap of the portfolio companies is close to $392 billion.
The complete list of Strategic Wealth Management trades based on 13F SEC filings
These positions were updated on August 13th 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 |
|---|---|---|---|
| Schwab Strategic Tr |
3.51%
847,154
|
$63,107,000 | 23.08% |
| Ishares Tr |
4.15%
741,904
|
$99,622,000 | 36.44% |
| Vanguard World Fds |
0.90%
62,865
|
$11,348,000 | 4.15% |
| Apple Inc |
12.55%
74,202
|
$10,163,000 | 3.72% |
| Vanguard Index Fds |
9.89%
31,765
|
$7,377,000 | 2.70% |
| Amazon.com Inc. |
7.08%
1,654
|
$5,690,000 | 2.08% |
| Vanguard Star Fds |
145.62%
65,002
|
$4,269,000 | 1.56% |
| Chesapeake Utils Corp |
22.48%
29,061
|
$3,497,000 | 1.28% |
| Invesco Exch Trd Slf Idx Fd |
18.70%
361,792
|
$8,348,000 | 3.05% |
| Facebook Inc |
3.35%
8,482
|
$2,949,000 | 1.08% |
| Price T Rowe Group Inc |
0.01%
14,152
|
$2,802,000 | 1.02% |
| PayPal Holdings Inc |
3.45%
8,640
|
$2,518,000 | 0.92% |
| Novavax, Inc. |
Closed
13,221
|
$2,397,000 | |
| Spdr Ser Tr |
173.15%
75,189
|
$2,353,000 | 0.86% |
| Home Depot, Inc. |
13.02%
6,395
|
$2,039,000 | 0.75% |
| Spdr Sp 500 Etf Tr |
6.62%
4,737
|
$2,028,000 | 0.74% |
| Microsoft Corporation |
16.61%
7,199
|
$1,950,000 | 0.71% |
| Global X Fds |
22.25%
39,594
|
$1,384,000 | 0.51% |
| Johnson Johnson |
6.20%
8,363
|
$1,378,000 | 0.50% |
| Invesco Exch Traded Fd Tr Ii |
286.19%
40,986
|
$1,360,000 | 0.50% |
| Mcdonalds Corp |
11.75%
5,865
|
$1,355,000 | 0.50% |
| Vanguard Index Fds |
Opened
7,172
|
$1,353,000 | 0.49% |
| Salesforce.Com Inc |
1.81%
5,194
|
$1,269,000 | 0.46% |
| Nike, Inc. |
7.93%
7,598
|
$1,174,000 | 0.43% |
| Procter And Gamble Co |
29.45%
8,221
|
$1,109,000 | 0.41% |
| Bk Of America Corp |
0.10%
26,587
|
$1,096,000 | 0.40% |
| Exxon Mobil Corp. |
14.16%
16,694
|
$1,053,000 | 0.39% |
| Starbucks Corp. |
38.21%
9,123
|
$1,020,000 | 0.37% |
| Sandy Spring Bancorp |
1.99%
22,714
|
$1,002,000 | 0.37% |
| Blackstone Group Inc |
0.01%
9,468
|
$920,000 | 0.34% |
| Dover Corp. |
19.08%
5,599
|
$843,000 | 0.31% |
| Berkshire Hathaway Inc. |
9.19%
2,993
|
$832,000 | 0.30% |
| Tesla Inc |
0.17%
1,182
|
$803,000 | 0.29% |
| Merck Co Inc |
2.12%
9,745
|
$758,000 | 0.28% |
| Northrop Grumman Corp. |
0.29%
2,040
|
$742,000 | 0.27% |
| Spdr Gold Tr |
0.29%
4,435
|
$735,000 | 0.27% |
| Vanguard Tax-managed Intl Fd |
2.68%
13,808
|
$711,000 | 0.26% |
| Spdr Sp Midcap 400 Etf Tr |
No change
1,423
|
$699,000 | 0.26% |
| International Business Machs |
18.95%
4,285
|
$628,000 | 0.23% |
| Chevron Corp. |
2.20%
5,997
|
$628,000 | 0.23% |
| 3M Co. |
0.38%
3,137
|
$623,000 | 0.23% |
| Vanguard World Fd |
No change
7,488
|
$599,000 | 0.22% |
| Activision Blizzard Inc |
1.60%
6,255
|
$597,000 | 0.22% |
| CSX Corp. |
199.59%
17,649
|
$566,000 | 0.21% |
| Verizon Communications Inc |
18.11%
9,971
|
$559,000 | 0.20% |
| Att Inc |
15.56%
19,242
|
$554,000 | 0.20% |
| Walmart Inc |
4.08%
3,837
|
$541,000 | 0.20% |
| Vanguard Malvern Fds |
No change
9,844
|
$516,000 | 0.19% |
| Icu Med Inc |
No change
2,500
|
$515,000 | 0.19% |
| Cisco Sys Inc |
9.76%
9,620
|
$510,000 | 0.19% |
| Waste Mgmt Inc Del |
No change
3,566
|
$500,000 | 0.18% |
| Louisiana Pac Corp |
0.22%
7,586
|
$457,000 | 0.17% |
| Intel Corp. |
30.34%
7,941
|
$446,000 | 0.16% |
| Coca-Cola Co |
25.73%
8,167
|
$442,000 | 0.16% |
| Ishares Inc |
11.73%
6,578
|
$441,000 | 0.16% |
| Stryker Corp. |
0.24%
1,693
|
$440,000 | 0.16% |
| Select Sector Spdr Tr |
30.26%
9,863
|
$670,000 | 0.25% |
| Ishares Tr |
Opened
14,642
|
$637,000 | 0.23% |
| Costco Whsl Corp New |
12.36%
1,042
|
$412,000 | 0.15% |
| Wisdomtree Tr |
4.57%
7,735
|
$405,000 | 0.15% |
| Disney Walt Co |
17.48%
2,276
|
$400,000 | 0.15% |
| Philip Morris International Inc |
Closed
4,415
|
$392,000 | |
| Ishares Tr |
Closed
7,465
|
$387,000 | |
| NantKwest Inc |
Closed
15,926
|
$378,000 | |
| Pepsico Inc |
44.72%
2,520
|
$373,000 | 0.14% |
| Morgan Stanley |
14.87%
3,985
|
$365,000 | 0.13% |
| Pnc Finl Svcs Group Inc |
No change
1,906
|
$364,000 | 0.13% |
| Partners Bancorp |
1.06%
44,827
|
$360,000 | 0.13% |
| Ford Mtr Co Del |
3.66%
24,049
|
$357,000 | 0.13% |
| Sirius XM Holdings Inc |
0.00%
51,854
|
$339,000 | 0.12% |
| Alphabet Inc |
42.58%
236
|
$583,000 | 0.21% |
| Truist Finl Corp |
5.90%
5,913
|
$328,000 | 0.12% |
| Vanguard Scottsdale Fds |
63.95%
9,029
|
$594,000 | 0.22% |
| Capital One Finl Corp |
12.16%
2,045
|
$316,000 | 0.12% |
| Lowes Cos Inc |
12.12%
1,603
|
$311,000 | 0.11% |
| Boeing Co. |
3.38%
1,286
|
$308,000 | 0.11% |
| Wesbanco, Inc. |
Closed
8,253
|
$298,000 | |
| General Electric Co. |
8.67%
22,099
|
$297,000 | 0.11% |
| Vulcan Matls Co |
1.22%
1,701
|
$296,000 | 0.11% |
| Abbott Labs |
24.33%
2,544
|
$295,000 | 0.11% |
| Emerson Elec Co |
0.07%
3,069
|
$295,000 | 0.11% |
| Abbvie Inc |
1.62%
2,544
|
$287,000 | 0.10% |
| Vanguard Bd Index Fds |
No change
3,347
|
$287,000 | 0.10% |
| MetLife, Inc. |
0.25%
4,773
|
$286,000 | 0.10% |
| Bristol-Myers Squibb Co. |
26.01%
4,173
|
$279,000 | 0.10% |
| Jpmorgan Chase Co |
Closed
1,722
|
$262,000 | |
| Duke Energy Corp. |
0.08%
2,580
|
$255,000 | 0.09% |
| Pfizer Inc. |
33.76%
6,314
|
$247,000 | 0.09% |
| Mondelez International Inc. |
Closed
4,180
|
$245,000 | |
| United Parcel Service, Inc. |
2.18%
1,168
|
$243,000 | 0.09% |
| American Elec Pwr Co Inc |
0.57%
2,837
|
$240,000 | 0.09% |
| Comcast Corp New |
Closed
4,361
|
$236,000 | |
| Dominion Energy Inc |
Closed
3,062
|
$233,000 | |
| Ishares Gold Tr |
Opened
6,897
|
$232,000 | 0.08% |
| Under Armour Inc |
1.58%
10,946
|
$232,000 | 0.08% |
| Proshares Tr |
Opened
3,204
|
$230,000 | 0.08% |
| Ishares Gold Trust |
Closed
13,799
|
$224,000 | |
| Honeywell International Inc |
25.96%
1,021
|
$224,000 | 0.08% |
| Discover Finl Svcs |
Opened
1,884
|
$223,000 | 0.08% |
| Visa Inc |
Closed
1,048
|
$222,000 | |
| Select Sector Spdr Tr |
Closed
3,218
|
$220,000 | |
| Taiwan Semiconductor Mfg Ltd |
Closed
1,838
|
$217,000 | |
| Exelon Corp. |
4.01%
4,880
|
$216,000 | 0.08% |
| Becton Dickinson Co |
20.25%
886
|
$215,000 | 0.08% |
| Alibaba Group Hldg Ltd |
Closed
912
|
$207,000 | |
| Altria Group Inc. |
49.59%
4,209
|
$201,000 | 0.07% |
| Bionano Genomics Inc |
Closed
18,630
|
$151,000 | |
| Lordstown Motors Corp. |
Closed
11,551
|
$136,000 | |
| Check-Cap Ltd |
Closed
10,958
|
$19,000 | |
| No transactions found | |||
| Showing first 500 out of 109 holdings | |||
Hedge funds similar to Strategic Wealth Management
- Sivik Global Healthcare
- Kms Financial Services, Inc
- Alphamark Advisors
- Nishkama Capital
- New Vernon Capital Ii
- Jacobs Asset Management
- Riversedge Advisors
- Blume Capital Management
- Annapolis Services
- Ninety One S.A. (PTY) Ltd
- Hoey Investments, Inc
- Parisi Gray Wealth Management
- Affinity Investment Advisors
- Penderfund Capital Management