Suncoast Equity Management 13F annual report
Suncoast Equity Management is an investment fund managing more than $903 billion ran by Elliott Sharp. There are currently 69 companies in Mr. Sharp’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $157 billion.
$903 billion Assets Under Management (AUM)
As of 17th July 2024, Suncoast Equity Management’s top holding is 187,565 shares of Microsoft currently worth over $83.8 billion and making up 9.3% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Suncoast Equity Management owns more than approximately 0.1% of the company.
In addition, the fund holds 588,818 shares of NVIDIA Corp worth $72.7 billion, whose value fell 79.9% in the past six months.
The third-largest holding is Apple Inc worth $53.1 billion and the next is Alphabet Inc worth $81.3 billion, with 444,584 shares owned.
Currently, Suncoast Equity Management's portfolio is worth at least $903 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 Suncoast Equity Management
The Suncoast Equity Management office and employees reside in Tampa, Florida. According to the last 13-F report filed with the SEC, Elliott Sharp serves as the CCO at Suncoast Equity Management.
Recent trades
In the most recent 13F filing, Suncoast Equity Management revealed that it had opened a new position in
Ishares Tr and bought 577 shares worth $316 million.
The investment fund also strengthened its position in Microsoft by buying
4,590 additional shares.
This makes their stake in Microsoft total 187,565 shares worth $83.8 billion.
Microsoft soared 26.7% in the past year.
On the other hand, there are companies that Suncoast Equity Management is getting rid of from its portfolio.
Suncoast Equity Management closed its position in Agilent Technologies on 24th July 2024.
It sold the previously owned 2,810 shares for $409 million.
Elliott Sharp also disclosed a decreased stake in Grainger W W Inc by 0.2%.
This leaves the value of the investment at $28.6 billion and 31,655 shares.
One of the average hedge funds
The two most similar investment funds to Suncoast Equity Management are Kwmg and Strategic Wealth Partners. They manage $903 billion and $902 billion respectively.
Elliott Sharp investment strategy
Suncoast Equity Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 40.9% of
the total portfolio value.
The fund focuses on investments in the United States as
59.4% 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
55% 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 $231 billion.
The complete list of Suncoast Equity Management trades based on 13F SEC filings
These positions were updated on July 24th 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 |
2.51%
187,565
|
$83,832,291,000 | 9.28% |
| NVIDIA Corp |
926.67%
588,818
|
$72,742,570,000 | 8.05% |
| Apple Inc |
2.19%
252,081
|
$53,093,262,000 | 5.88% |
| Alphabet Inc |
2.42%
444,584
|
$81,344,067,000 | 9.00% |
| Intuit Inc |
1.95%
77,232
|
$50,757,921,000 | 5.62% |
| Booking Holdings Inc |
2.32%
11,666
|
$46,214,886,000 | 5.12% |
| Stryker Corp. |
2.06%
127,343
|
$43,328,486,000 | 4.80% |
| Visa Inc |
1.56%
162,000
|
$42,520,165,000 | 4.71% |
| Accenture Plc Ireland |
2.71%
134,551
|
$40,824,009,000 | 4.52% |
| Adobe Inc |
1.94%
72,021
|
$40,010,546,000 | 4.43% |
| Salesforce Inc |
45.02%
140,365
|
$36,087,788,000 | 3.99% |
| Fiserv, Inc. |
2.43%
230,230
|
$34,313,479,000 | 3.80% |
| Unitedhealth Group Inc |
1.84%
65,589
|
$33,401,945,000 | 3.70% |
| Mastercard Incorporated |
1.70%
69,467
|
$30,646,221,000 | 3.39% |
| Grainger W W Inc |
17.12%
31,655
|
$28,560,826,000 | 3.16% |
| Automatic Data Processing In |
2.48%
105,688
|
$25,226,587,000 | 2.79% |
| Merck & Co Inc |
2.52%
182,355
|
$22,575,589,000 | 2.50% |
| Eaton Corp Plc |
3.23%
71,212
|
$22,328,604,000 | 2.47% |
| Berkshire Hathaway Inc. |
1.88%
51,352
|
$20,889,994,000 | 2.31% |
| Mckesson Corporation |
0.73%
31,766
|
$18,552,642,000 | 2.05% |
| Nike, Inc. |
2.78%
172,788
|
$13,023,001,000 | 1.44% |
| Cencora Inc. |
3.12%
25,776
|
$5,807,333,000 | 0.64% |
| Eli Lilly & Co |
7.62%
5,737
|
$5,194,552,000 | 0.57% |
| Broadridge Finl Solutions In |
6.56%
24,580
|
$4,842,260,000 | 0.54% |
| Tjx Cos Inc New |
30.23%
35,434
|
$3,901,247,000 | 0.43% |
| Sherwin-Williams Co. |
4.98%
12,656
|
$3,776,930,000 | 0.42% |
| Marsh & McLennan Cos., Inc. |
60.08%
14,020
|
$2,954,294,000 | 0.33% |
| Tractor Supply Co. |
7.66%
10,119
|
$2,732,130,000 | 0.30% |
| Ishares Tr |
No change
6,780
|
$2,471,378,000 | 0.27% |
| Pepsico Inc |
3.68%
14,584
|
$2,405,366,000 | 0.27% |
| Fair Isaac Corp. |
7.11%
1,310
|
$1,950,145,000 | 0.22% |
| Cintas Corporation |
7.78%
2,700
|
$1,890,702,000 | 0.21% |
| Hershey Company |
27.29%
9,487
|
$1,743,995,000 | 0.19% |
| Spdr S&p 500 Etf Tr |
4.81%
2,766
|
$1,505,309,000 | 0.17% |
| Copart, Inc. |
8.60%
27,150
|
$1,470,444,000 | 0.16% |
| Deckers Outdoor Corp. |
8.21%
1,463
|
$1,416,111,000 | 0.16% |
| ITT Inc |
8.55%
10,166
|
$1,313,218,000 | 0.15% |
| Brown & Brown, Inc. |
5.34%
13,955
|
$1,247,717,000 | 0.14% |
| Mcdonalds Corp |
0.19%
4,615
|
$1,176,012,000 | 0.13% |
| MSA Safety Inc |
4.53%
6,005
|
$1,127,078,000 | 0.12% |
| NICE Ltd |
35.24%
6,255
|
$1,075,672,000 | 0.12% |
| Corpay Inc |
7.42%
3,908
|
$1,041,130,000 | 0.12% |
| Hubbell Inc. |
5.44%
2,421
|
$884,667,000 | 0.10% |
| Edwards Lifesciences Corp |
6.63%
9,474
|
$875,113,000 | 0.10% |
| Roper Technologies Inc |
6.04%
1,334
|
$751,930,000 | 0.08% |
| Fastenal Co. |
7.31%
11,595
|
$728,630,000 | 0.08% |
| Fedex Corp |
1.65%
2,390
|
$716,655,000 | 0.08% |
| Steris Plc |
4.49%
3,093
|
$679,037,000 | 0.08% |
| Medpace Holdings Inc |
11.21%
1,577
|
$649,487,000 | 0.07% |
| Idexx Labs Inc |
6.96%
1,321
|
$643,591,000 | 0.07% |
| Mettler-Toledo International, Inc. |
5.62%
451
|
$630,313,000 | 0.07% |
| Veeva Sys Inc |
3.61%
3,303
|
$604,482,000 | 0.07% |
| Amazon.com Inc. |
3.75%
3,096
|
$598,302,000 | 0.07% |
| Home Depot, Inc. |
14.86%
1,558
|
$536,443,000 | 0.06% |
| CDW Corp |
3.76%
2,072
|
$463,796,000 | 0.05% |
| Northwest Bancshares Inc Md |
No change
38,859
|
$448,821,000 | 0.05% |
| Agilent Technologies Inc. |
Closed
2,810
|
$408,883,000 | |
| Texas Instrs Inc |
No change
2,048
|
$398,397,000 | 0.04% |
| Genpact Limited |
6.30%
12,225
|
$393,523,000 | 0.04% |
| United Parcel Service, Inc. |
No change
2,652
|
$362,926,000 | 0.04% |
| Check Point Software Tech Lt |
No change
2,175
|
$358,875,000 | 0.04% |
| Ishares Tr |
Opened
577
|
$315,752,000 | 0.03% |
| HCI Group Inc |
No change
2,915
|
$268,676,000 | 0.03% |
| Johnson & Johnson |
1.49%
1,837
|
$268,568,000 | 0.03% |
| Dnp Select Income Fd Inc |
1.44%
25,653
|
$210,869,000 | 0.02% |
| Vanguard Index Fds |
Closed
425
|
$204,260,000 | |
| Telomir Pharmaceuticals Inc |
No change
24,391
|
$117,321,000 | 0.01% |
| Soundhound Ai Inc |
No change
20,400
|
$80,580,000 | 0.01% |
| Western Asset High Income Op |
48.13%
15,914
|
$60,632,000 | 0.01% |
| Saba Capital Income & Opport |
Closed
10,521
|
$40,192,000 | |
| Icoreconnect Inc |
Opened
34,476
|
$31,994,000 | 0.00% |
| Mira Pharmaceuticals Inc |
No change
40,000
|
$25,480,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 72 holdings | |||
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