Loveless Wealth Management 13F annual report
Loveless Wealth Management is an investment fund managing more than $153 million ran by Lexie Pankratz. There are currently 103 companies in Mrs. Pankratz’s portfolio. The largest investments include Exxon Mobil and Realty Income, together worth $13.3 million.
$153 million Assets Under Management (AUM)
As of 15th July 2022, Loveless Wealth Management’s top holding is 102,737 shares of Exxon Mobil currently worth over $8.8 million and making up 5.8% of the portfolio value.
Relative to the number of outstanding shares of Exxon Mobil, Loveless Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 65,554 shares of Realty Income worth $4.48 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Select Sector Spdr Tr worth $28.8 million and the next is Abbvie Inc worth $3.84 million, with 25,045 shares owned.
Currently, Loveless Wealth Management's portfolio is worth at least $153 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 Loveless Wealth Management
The Loveless Wealth Management office and employees reside in Billings, Montana. According to the last 13-F report filed with the SEC, Lexie Pankratz serves as the Compliance Consultant at Loveless Wealth Management.
Recent trades
In the most recent 13F filing, Loveless Wealth Management revealed that it had opened a new position in
Target Corp and bought 6,468 shares worth $913 thousand.
This means they effectively own approximately 0.1% of the company.
Target Corp makes up
17.9%
of the fund's Consumer Staples sector allocation and has decreased its share price by 38.3% in the past year.
The investment fund also strengthened its position in Select Sector Spdr Tr by buying
57,755 additional shares.
This makes their stake in Select Sector Spdr Tr total 409,850 shares worth $28.8 million.
On the other hand, there are companies that Loveless Wealth Management is getting rid of from its portfolio.
Loveless Wealth Management closed its position in Target Corp on 22nd July 2022.
It sold the previously owned 5,669 shares for $1.37 million.
Lexie Pankratz also disclosed a decreased stake in Exxon Mobil by 0.2%.
This leaves the value of the investment at $8.8 million and 102,737 shares.
One of the smallest hedge funds
The two most similar investment funds to Loveless Wealth Management are Hutner Capital Management Inc and Scep Management Ltd. They manage $153 million and $153 million respectively.
Lexie Pankratz investment strategy
Loveless Wealth Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Energy — making up 6.2% of
the total portfolio value.
The fund focuses on investments in the United States as
48.5% 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
47% of the total holdings value.
On the other hand, small-cap stocks make up only 3.9% of the portfolio.
The average market cap of the portfolio companies is close to $174 billion.
The complete list of Loveless Wealth Management trades based on 13F SEC filings
These positions were updated on July 22nd 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 |
|---|---|---|---|
| Exxon Mobil Corp. |
21.51%
102,737
|
$8,798,000 | 5.76% |
| Realty Income Corp. |
2.84%
65,554
|
$4,475,000 | 2.93% |
| Select Sector Spdr Tr |
16.40%
409,850
|
$28,821,000 | 18.87% |
| Abbvie Inc |
3.19%
25,045
|
$3,836,000 | 2.51% |
| Deere Co |
4.21%
12,457
|
$3,730,000 | 2.44% |
| Apple Inc |
3.04%
26,286
|
$3,594,000 | 2.35% |
| Caterpillar Inc. |
4.31%
17,320
|
$3,096,000 | 2.03% |
| Schwab Strategic Tr |
57.42%
72,444
|
$4,513,000 | 2.95% |
| Johnson Johnson |
6.40%
15,055
|
$2,672,000 | 1.75% |
| Vanguard Bd Index Fds |
1.75%
32,950
|
$2,559,000 | 1.68% |
| Nutrien Ltd |
1.63%
31,500
|
$2,510,000 | 1.64% |
| Zoetis Inc |
1.77%
13,289
|
$2,284,000 | 1.50% |
| Mdu Res Group Inc |
0.10%
83,983
|
$2,267,000 | 1.48% |
| Microsoft Corporation |
6.51%
8,703
|
$2,235,000 | 1.46% |
| Glacier Bancorp, Inc. |
2.40%
46,453
|
$2,203,000 | 1.44% |
| Qualcomm, Inc. |
4.99%
17,218
|
$2,199,000 | 1.44% |
| Procter And Gamble Co |
2.38%
14,840
|
$2,134,000 | 1.40% |
| Blackrock Utils Infrastructu |
3.02%
95,730
|
$2,095,000 | 1.37% |
| WEC Energy Group Inc |
1.39%
20,580
|
$2,071,000 | 1.36% |
| Costco Whsl Corp New |
9.42%
3,891
|
$1,865,000 | 1.22% |
| Mcdonalds Corp |
16.00%
7,496
|
$1,851,000 | 1.21% |
| Weyerhaeuser Co Mtn Be |
2.82%
55,109
|
$1,825,000 | 1.19% |
| Azenta Inc |
1.59%
24,329
|
$1,754,000 | 1.15% |
| First Intst Bancsystem Inc |
0.48%
43,980
|
$1,676,000 | 1.10% |
| Kimberly-Clark Corp. |
0.72%
12,345
|
$1,668,000 | 1.09% |
| Union Pac Corp |
4.98%
7,117
|
$1,518,000 | 0.99% |
| American Elec Pwr Co Inc |
3.95%
14,755
|
$1,416,000 | 0.93% |
| Mondelez International Inc. |
0.76%
22,675
|
$1,408,000 | 0.92% |
| Target Corp |
Closed
5,669
|
$1,370,000 | |
| International Paper Co. |
Closed
22,063
|
$1,353,000 | |
| Vanguard World Fds |
6.00%
7,415
|
$1,600,000 | 1.05% |
| Verizon Communications Inc |
23.87%
26,181
|
$1,329,000 | 0.87% |
| Allstate Corp (The) |
3.06%
10,373
|
$1,315,000 | 0.86% |
| Abbott Labs |
3.33%
12,060
|
$1,310,000 | 0.86% |
| Bk Of America Corp |
2.27%
41,937
|
$1,305,000 | 0.85% |
| Cisco Sys Inc |
3.22%
30,613
|
$1,305,000 | 0.85% |
| Disney Walt Co |
1.40%
13,797
|
$1,302,000 | 0.85% |
| Spdr Ser Tr |
9.35%
48,233
|
$2,785,000 | 1.82% |
| Home Depot, Inc. |
0.11%
4,445
|
$1,219,000 | 0.80% |
| Bristol-Myers Squibb Co. |
18.40%
15,182
|
$1,169,000 | 0.77% |
| Roku Inc |
Closed
2,482
|
$1,140,000 | |
| Cohen Steers Infrastructur |
1.70%
43,341
|
$1,097,000 | 0.72% |
| United Parcel Service, Inc. |
1.59%
5,585
|
$1,019,000 | 0.67% |
| NVIDIA Corp |
220.76%
6,720
|
$1,019,000 | 0.67% |
| Fidelity Covington Trust |
85.37%
22,613
|
$1,588,000 | 1.04% |
| Conocophillips |
9.67%
10,421
|
$936,000 | 0.61% |
| Corning, Inc. |
2.88%
29,095
|
$917,000 | 0.60% |
| Black Hills Corporation |
7.13%
12,540
|
$913,000 | 0.60% |
| Target Corp |
Opened
6,468
|
$913,000 | 0.60% |
| Ishares Tr |
2.10%
24,510
|
$1,878,000 | 1.23% |
| Mastercard Incorporated |
14.31%
2,708
|
$854,000 | 0.56% |
| Lockheed Martin Corp. |
0.78%
1,950
|
$838,000 | 0.55% |
| TE Connectivity Ltd |
7.24%
7,365
|
$833,000 | 0.55% |
| Travelers Companies Inc. |
Opened
4,720
|
$798,000 | 0.52% |
| Janus Detroit Str Tr |
9.99%
15,860
|
$771,000 | 0.50% |
| PayPal Holdings Inc |
Closed
2,560
|
$746,000 | |
| Schwab Charles Corp |
17.67%
11,785
|
$745,000 | 0.49% |
| Duke Energy Corp. |
68.67%
6,890
|
$739,000 | 0.48% |
| Whitestone REIT |
4.67%
67,080
|
$721,000 | 0.47% |
| Invesco Exchange Traded Fd T |
3.71%
12,470
|
$720,000 | 0.47% |
| Crown Castle Intl Corp New |
16.63%
4,207
|
$708,000 | 0.46% |
| Fidelity Covington Trust |
Opened
20,787
|
$971,000 | 0.64% |
| Att Inc |
Closed
23,421
|
$674,000 | |
| Lowes Cos Inc |
2.97%
3,823
|
$668,000 | 0.44% |
| T-Mobile US, Inc. |
Opened
4,961
|
$667,000 | 0.44% |
| Honeywell International Inc |
167.85%
3,782
|
$657,000 | 0.43% |
| GSK Plc |
7.37%
15,010
|
$653,000 | 0.43% |
| Credit Suisse Group |
Closed
57,700
|
$605,000 | |
| Pepsico Inc |
17.33%
3,622
|
$604,000 | 0.40% |
| V F Corp |
1.55%
13,465
|
$595,000 | 0.39% |
| Schwab Strategic Tr |
Closed
12,837
|
$588,000 | |
| Sony Group Corporation |
6.89%
7,125
|
$583,000 | 0.38% |
| Lululemon Athletica inc. |
1.17%
2,110
|
$575,000 | 0.38% |
| Travelers Companies Inc. |
Closed
3,740
|
$560,000 | |
| First Tr Exchange-traded Fd |
Closed
2,255
|
$552,000 | |
| Royal Bk Cda |
22.21%
5,695
|
$551,000 | 0.36% |
| Paccar Inc. |
15.25%
6,348
|
$523,000 | 0.34% |
| Boeing Co. |
5.33%
3,782
|
$517,000 | 0.34% |
| Us Bancorp Del |
11.09%
10,770
|
$496,000 | 0.32% |
| Garmin Ltd |
52.75%
5,018
|
$493,000 | 0.32% |
| Unitedhealth Group Inc |
Opened
945
|
$485,000 | 0.32% |
| 3M Co. |
17.03%
3,738
|
$484,000 | 0.32% |
| Ishares Inc |
18.06%
9,481
|
$465,000 | 0.30% |
| Hershey Company |
9.47%
2,150
|
$463,000 | 0.30% |
| Square Inc |
11.65%
7,330
|
$451,000 | 0.30% |
| Healthcare Svcs Group Inc |
Closed
13,710
|
$433,000 | |
| Chevron Corp. |
1.66%
2,955
|
$428,000 | 0.28% |
| Amazon.com Inc. |
3,063.87%
3,765
|
$400,000 | 0.26% |
| Intel Corp. |
65.21%
10,531
|
$394,000 | 0.26% |
| Integra Lifesciences Hldgs C |
0.28%
7,290
|
$394,000 | 0.26% |
| VanEck ETF Trust |
6.09%
8,475
|
$387,000 | 0.25% |
| Stryker Corp. |
24.72%
1,917
|
$381,000 | 0.25% |
| Rockwell Automation Inc |
5.00%
1,900
|
$379,000 | 0.25% |
| General Mills, Inc. |
Opened
4,895
|
$369,000 | 0.24% |
| Raytheon Technologies Corporation |
Opened
3,638
|
$350,000 | 0.23% |
| Applied Matls Inc |
5.19%
3,650
|
$332,000 | 0.22% |
| Phillips 66 |
6.90%
3,859
|
$316,000 | 0.21% |
| Keurig Dr Pepper Inc |
Opened
8,220
|
$291,000 | 0.19% |
| First Tr Exchange-traded Fd |
Opened
2,255
|
$286,000 | 0.19% |
| WestRock Co |
No change
7,050
|
$281,000 | 0.18% |
| Terex Corp. |
No change
10,235
|
$280,000 | 0.18% |
| Tesla Inc |
1.73%
412
|
$277,000 | 0.18% |
| ITT Inc |
8.42%
4,120
|
$277,000 | 0.18% |
| Raytheon Technologies Corporation |
Closed
3,223
|
$275,000 | |
| Janus Henderson Group plc |
6.18%
10,621
|
$250,000 | 0.16% |
| Netflix Inc. |
29.87%
1,426
|
$249,000 | 0.16% |
| General Electric Co. |
Closed
18,295
|
$246,000 | |
| Freeport-McMoRan Inc |
40.75%
8,290
|
$243,000 | 0.16% |
| Sprouts Fmrs Mkt Inc |
No change
9,400
|
$238,000 | 0.16% |
| Ishares Tr |
Opened
2,080
|
$237,000 | 0.16% |
| Schwab Strategic Tr |
Opened
3,972
|
$230,000 | 0.15% |
| Elanco Animal Health Inc |
Closed
6,490
|
$225,000 | |
| Pfizer Inc. |
Opened
4,293
|
$225,000 | 0.15% |
| Cohen Steers Ltd Duration |
Closed
8,180
|
$224,000 | |
| Northwestern Corp. |
No change
3,750
|
$221,000 | 0.14% |
| Equity Residential |
Closed
2,750
|
$212,000 | |
| Nuveen Amt Free Mun Cr Inc F |
12.32%
15,970
|
$209,000 | 0.14% |
| Texas Instrs Inc |
0.75%
1,326
|
$204,000 | 0.13% |
| No transactions found | |||
| Showing first 500 out of 118 holdings | |||
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