Fairhaven Wealth Management 13F annual report
Fairhaven Wealth Management is an investment fund managing more than $273 billion ran by Marc Horner. There are currently 95 companies in Mr. Horner’s portfolio. The largest investments include Ishares Tr and Apple Inc, together worth $138 billion.
$273 billion Assets Under Management (AUM)
As of 1st February 2024, Fairhaven Wealth Management’s top holding is 942,045 shares of Ishares Tr currently worth over $125 billion and making up 45.9% of the portfolio value.
In addition, the fund holds 67,406 shares of Apple Inc worth $13 billion, whose value grew 5.3% in the past six months.
The third-largest holding is Ishares Inc worth $10.3 billion and the next is Microsoft worth $7.09 billion, with 18,852 shares owned.
Currently, Fairhaven Wealth Management's portfolio is worth at least $273 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 Fairhaven Wealth Management
The Fairhaven Wealth Management office and employees reside in Oak Brook, Illinois. According to the last 13-F report filed with the SEC, Marc Horner serves as the Managing Member at Fairhaven Wealth Management.
Recent trades
In the most recent 13F filing, Fairhaven Wealth Management revealed that it had opened a new position in
RTX Corp and bought 26,066 shares worth $2.19 billion.
This means they effectively own approximately 0.1% of the company.
RTX Corp makes up
30.5%
of the fund's Industrials sector allocation and has decreased its share price by 5.9% in the past year.
The investment fund also strengthened its position in Ishares Inc by buying
5,747 additional shares.
This makes their stake in Ishares Inc total 203,875 shares worth $10.3 billion.
On the other hand, there are companies that Fairhaven Wealth Management is getting rid of from its portfolio.
Fairhaven Wealth Management closed its position in Corteva Inc on 8th February 2024.
It sold the previously owned 33,182 shares for $1.9 billion.
Marc Horner also disclosed a decreased stake in Ishares Tr by approximately 0.1%.
This leaves the value of the investment at $125 billion and 942,045 shares.
One of the smaller hedge funds
The two most similar investment funds to Fairhaven Wealth Management are Fidelis Capital Partners and Horan Capital Advisors,. They manage $273 billion and $272 billion respectively.
Marc Horner investment strategy
Fairhaven Wealth Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 7.4% of
the total portfolio value.
The fund focuses on investments in the United States as
51.6% 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
41% of the total holdings value.
On the other hand, small-cap stocks make up only 4.2% of the portfolio.
The average market cap of the portfolio companies is close to $242 billion.
The complete list of Fairhaven Wealth Management trades based on 13F SEC filings
These positions were updated on February 8th 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 |
|---|---|---|---|
| Ishares Tr |
2.61%
942,045
|
$125,165,642,000 | 45.92% |
| Apple Inc |
2.74%
67,406
|
$12,977,707,000 | 4.76% |
| Ishares Inc |
2.90%
203,875
|
$10,311,978,000 | 3.78% |
| Microsoft Corporation |
3.29%
18,852
|
$7,089,118,000 | 2.60% |
| Vanguard Index Fds |
5.62%
45,511
|
$9,562,515,000 | 3.51% |
| Unitedhealth Group Inc |
2.31%
10,136
|
$5,336,269,000 | 1.96% |
| JPMorgan Chase & Co. |
0.97%
30,010
|
$5,104,710,000 | 1.87% |
| Oracle Corp. |
4.94%
45,973
|
$4,846,981,000 | 1.78% |
| Visa Inc |
0.19%
17,989
|
$4,683,521,000 | 1.72% |
| Vanguard Mun Bd Fds |
21.65%
90,220
|
$4,605,724,000 | 1.69% |
| Lowes Cos Inc |
1.28%
20,048
|
$4,461,733,000 | 1.64% |
| Alphabet Inc |
2.54%
38,517
|
$5,389,237,000 | 1.98% |
| Amazon.com Inc. |
5.33%
28,445
|
$4,321,933,000 | 1.59% |
| Mastercard Incorporated |
2.10%
9,459
|
$4,034,466,000 | 1.48% |
| Vanguard Specialized Funds |
0.98%
22,503
|
$3,834,457,000 | 1.41% |
| Pepsico Inc |
2.06%
21,809
|
$3,704,101,000 | 1.36% |
| IQVIA Holdings Inc |
6.33%
14,565
|
$3,370,050,000 | 1.24% |
| Merck & Co Inc |
4.66%
30,885
|
$3,367,033,000 | 1.24% |
| Vanguard Intl Equity Index F |
14.37%
50,903
|
$2,857,692,000 | 1.05% |
| Duke Energy Corp. |
18.67%
28,285
|
$2,744,729,000 | 1.01% |
| Honeywell International Inc |
21.39%
12,983
|
$2,722,683,000 | 1.00% |
| Public Storage |
19.05%
8,912
|
$2,718,008,000 | 1.00% |
| Spdr S&p 500 Etf Tr |
5.17%
5,710
|
$2,714,230,000 | 1.00% |
| Air Prods & Chems Inc |
16.70%
9,134
|
$2,500,813,000 | 0.92% |
| Archer Daniels Midland Co. |
10.35%
32,802
|
$2,368,964,000 | 0.87% |
| Exxon Mobil Corp. |
1,065.18%
22,150
|
$2,214,537,000 | 0.81% |
| RTX Corp |
Opened
26,066
|
$2,193,165,000 | 0.80% |
| Corteva Inc |
Closed
33,182
|
$1,901,301,000 | |
| Berkshire Hathaway Inc. |
2.16%
5,309
|
$1,893,508,000 | 0.69% |
| Abbott Labs |
194.64%
15,834
|
$1,742,889,000 | 0.64% |
| Chevron Corp. |
Closed
10,899
|
$1,714,906,000 | |
| Old Second Bancorp Inc Ill |
No change
94,500
|
$1,459,080,000 | 0.54% |
| Johnson & Johnson |
5.42%
7,457
|
$1,168,747,000 | 0.43% |
| Home Depot, Inc. |
3.26%
3,291
|
$1,140,496,000 | 0.42% |
| General Dynamics Corp. |
0.08%
3,719
|
$965,605,000 | 0.35% |
| VanEck ETF Trust |
Closed
18,629
|
$956,413,000 | |
| Ishares Tr |
Closed
74,896
|
$2,422,671,000 | |
| NVIDIA Corp |
21.83%
1,613
|
$798,790,000 | 0.29% |
| Mcdonalds Corp |
5.07%
2,511
|
$744,637,000 | 0.27% |
| Broadcom Inc. |
No change
653
|
$728,911,000 | 0.27% |
| Danaher Corp. |
12.27%
3,010
|
$696,333,000 | 0.26% |
| Union Pac Corp |
5.51%
2,539
|
$623,605,000 | 0.23% |
| Costco Whsl Corp New |
0.25%
791
|
$522,123,000 | 0.19% |
| Walmart Inc |
3.03%
3,262
|
$514,254,000 | 0.19% |
| Gartner, Inc. |
15.77%
1,123
|
$506,597,000 | 0.19% |
| Spdr Index Shs Fds |
19.46%
14,869
|
$505,695,000 | 0.19% |
| Tesla Inc |
29.44%
1,961
|
$487,269,000 | 0.18% |
| Pimco Etf Tr |
Opened
9,000
|
$475,200,000 | 0.17% |
| Blackstone Inc |
0.25%
3,602
|
$471,519,000 | 0.17% |
| CSW Industrials Inc |
43.88%
2,200
|
$456,302,000 | 0.17% |
| Goldman Sachs Group, Inc. |
Opened
1,080
|
$416,632,000 | 0.15% |
| Alphatec Holdings Inc |
No change
26,849
|
$405,688,000 | 0.15% |
| Teladoc Health Inc |
1.01%
18,266
|
$393,632,000 | 0.14% |
| Booking Holdings Inc |
No change
110
|
$390,194,000 | 0.14% |
| Cisco Sys Inc |
0.31%
7,428
|
$375,245,000 | 0.14% |
| Autozone Inc. |
No change
139
|
$359,400,000 | 0.13% |
| Aflac Inc. |
0.16%
4,303
|
$354,998,000 | 0.13% |
| Vanguard Bd Index Fds |
Closed
4,843
|
$352,038,000 | |
| Spdr Gold Tr |
15.63%
1,731
|
$330,915,000 | 0.12% |
| Omnicom Group, Inc. |
No change
3,791
|
$327,959,000 | 0.12% |
| Eli Lilly & Co |
23.07%
537
|
$313,028,000 | 0.11% |
| Deere & Co. |
0.26%
777
|
$310,699,000 | 0.11% |
| First Tr Exch Traded Fd Iii |
Opened
6,000
|
$309,987,000 | 0.11% |
| Pfizer Inc. |
42.69%
10,488
|
$301,956,000 | 0.11% |
| Lockheed Martin Corp. |
No change
655
|
$296,872,000 | 0.11% |
| Fiserv, Inc. |
0.31%
2,231
|
$296,366,000 | 0.11% |
| Procter And Gamble Co |
5.79%
1,993
|
$292,088,000 | 0.11% |
| Travelers Companies Inc. |
No change
1,444
|
$275,068,000 | 0.10% |
| Qualcomm, Inc. |
0.49%
1,832
|
$264,962,000 | 0.10% |
| Verizon Communications Inc |
6.95%
6,971
|
$262,804,000 | 0.10% |
| NextEra Energy Inc |
6.32%
4,302
|
$261,303,000 | 0.10% |
| Waste Mgmt Inc Del |
4.02%
1,455
|
$260,549,000 | 0.10% |
| VanEck ETF Trust |
33.43%
3,068
|
$260,386,000 | 0.10% |
| Nuveen Municipal Credit Inc |
No change
21,431
|
$253,314,000 | 0.09% |
| CSX Corp. |
0.14%
7,194
|
$249,416,000 | 0.09% |
| Accenture Plc Ireland |
0.14%
699
|
$245,286,000 | 0.09% |
| Vanguard Index Fds |
Closed
2,157
|
$452,256,000 | |
| Comcast Corp New |
0.70%
5,347
|
$234,481,000 | 0.09% |
| Align Technology, Inc. |
Opened
835
|
$228,790,000 | 0.08% |
| Select Sector Spdr Tr |
1.84%
1,174
|
$225,972,000 | 0.08% |
| United Parcel Service, Inc. |
Closed
1,238
|
$221,983,000 | |
| Wintrust Finl Corp |
Opened
2,380
|
$220,745,000 | 0.08% |
| Disney Walt Co |
0.08%
2,426
|
$219,044,000 | 0.08% |
| Mattel, Inc. |
Opened
11,418
|
$215,572,000 | 0.08% |
| Elevance Health Inc |
24.57%
442
|
$208,430,000 | 0.08% |
| Nike, Inc. |
Closed
1,839
|
$202,970,000 | |
| Spdr Ser Tr |
Opened
8,009
|
$202,628,000 | 0.07% |
| Blackrock Long-term Mun Adva |
No change
18,899
|
$193,337,000 | 0.07% |
| Invesco Quality Mun Income T |
No change
18,442
|
$175,383,000 | 0.06% |
| Topgolf Callaway Brands Corp |
No change
11,920
|
$170,933,000 | 0.06% |
| Blackrock Muniyield Quality |
No change
13,314
|
$154,975,000 | 0.06% |
| Blackrock Mun Income Tr |
No change
13,667
|
$137,627,000 | 0.05% |
| Revance Therapeutics Inc |
Opened
14,859
|
$130,611,000 | 0.05% |
| Invesco Mun Opportunity Tr |
No change
13,206
|
$126,910,000 | 0.05% |
| Invesco Muni Income Opp Trst |
No change
18,450
|
$117,158,000 | 0.04% |
| Neuberger Berman Mun Fd Inc |
No change
11,029
|
$114,150,000 | 0.04% |
| Putnam Managed Mun Income Tr |
No change
18,300
|
$111,264,000 | 0.04% |
| Bny Mellon Strategic Muns In |
No change
18,591
|
$108,943,000 | 0.04% |
| Nuveen Dynamic Mun Opportuni |
No change
10,900
|
$108,019,000 | 0.04% |
| Nuveen Mun Cr Opportunities |
No change
10,703
|
$106,709,000 | 0.04% |
| Bny Mellon Strategic Mun Bd |
No change
12,488
|
$71,306,000 | 0.03% |
| Mfs High Yield Mun Tr |
No change
16,055
|
$53,142,000 | 0.02% |
| Gritstone Bio Inc |
No change
12,000
|
$24,480,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 103 holdings | |||
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