Destination Wealth Management 13F annual report

Destination Wealth Management is an investment fund managing more than $2.57 trillion ran by Michael Yoshikami. There are currently 121 companies in Mr. Yoshikami’s portfolio. The largest investments include Apple Inc and Ishares Tr, together worth $897 billion.

Limited to 30 biggest holdings

$2.57 trillion Assets Under Management (AUM)

As of 7th November 2023, Destination Wealth Management’s top holding is 881,852 shares of Apple Inc currently worth over $151 billion and making up 5.9% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Destination Wealth Management owns more than approximately 0.1% of the company. In addition, the fund holds 9,660,343 shares of Ishares Tr worth $746 billion. The third-largest holding is Spdr Ser Tr worth $188 billion and the next is Ishares U S Etf Tr worth $65.6 billion, with 730,774 shares owned.

Currently, Destination Wealth Management's portfolio is worth at least $2.57 trillion. 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 Destination Wealth Management

The Destination Wealth Management office and employees reside in Walnut Creek, California. According to the last 13-F report filed with the SEC, Michael Yoshikami serves as the CEO and Founder at Destination Wealth Management.

Recent trades

In the most recent 13F filing, Destination Wealth Management revealed that it had opened a new position in Penumbra Inc and bought 2,819 shares worth $682 million. This means they effectively own approximately 0.1% of the company. Penumbra Inc makes up 0.4% of the fund's Health Care sector allocation and has grown its share price by 7.9% in the past year.

The investment fund also strengthened its position in Apple Inc by buying 57,026 additional shares. This makes their stake in Apple Inc total 881,852 shares worth $151 billion. Apple Inc soared 24.6% in the past year.

On the other hand, there are companies that Destination Wealth Management is getting rid of from its portfolio. Destination Wealth Management closed its position in Sempra on 14th November 2023. It sold the previously owned 5,537 shares for $837 million. Michael Yoshikami also disclosed a decreased stake in Ishares Tr by approximately 0.1%. This leaves the value of the investment at $746 billion and 9,660,343 shares.

One of the largest hedge funds

The two most similar investment funds to Destination Wealth Management are Hmi Capital Management, L.P. and Senvest Management. They manage $2.56 trillion and $2.56 trillion respectively.


Michael Yoshikami investment strategy

Destination Wealth Management’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 8.9% of the total portfolio value. The fund focuses on investments in the United States as 55.4% 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 53% of the total holdings value. On the other hand, small-cap stocks make up only 0.8% of the portfolio. The average market cap of the portfolio companies is close to $227 billion.

The complete list of Destination Wealth Management trades based on 13F SEC filings

These positions were updated on November 14th 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
Apple Inc
6.91%
881,852
$150,981,833,000 5.88%
Ishares Tr
0.28%
9,660,343
$745,819,793,000 29.05%
Spdr Ser Tr
14.42%
4,346,269
$187,580,907,000 7.31%
Ishares U S Etf Tr
3.00%
730,774
$65,594,407,000 2.56%
Ishares Inc
4.42%
1,140,189
$54,063,854,000 2.11%
Costco Whsl Corp New
2.28%
90,562
$51,163,889,000 1.99%
Microsoft Corporation
9.96%
158,312
$49,986,888,000 1.95%
Vanguard Index Fds
5.19%
286,102
$65,242,782,000 2.54%
Alphabet Inc
6.44%
378,396
$49,544,716,000 1.93%
Amazon.com Inc.
2.48%
354,621
$45,079,437,000 1.76%
Mastercard Incorporated
4.27%
113,249
$44,836,365,000 1.75%
Visa Inc
1.43%
192,441
$44,263,361,000 1.72%
Schwab Strategic Tr
17.31%
1,722,570
$75,199,816,000 2.93%
Johnson & Johnson
2.29%
251,291
$39,138,587,000 1.52%
JPMorgan Chase & Co.
2.18%
267,282
$38,761,181,000 1.51%
Colgate-Palmolive Co.
2.75%
518,166
$36,846,791,000 1.44%
Danaher Corp.
2.78%
148,377
$36,812,394,000 1.43%
Fortive Corp
1.98%
479,485
$35,558,628,000 1.39%
Disney Walt Co
13.56%
385,283
$31,227,192,000 1.22%
Tjx Cos Inc New
6.33%
301,651
$26,810,773,000 1.04%
Pimco Etf Tr
4.16%
392,897
$37,434,123,000 1.46%
Abbott Labs
1.52%
235,697
$22,827,281,000 0.89%
Blackstone Inc
0.47%
212,515
$22,768,906,000 0.89%
Waste Mgmt Inc Del
1.77%
148,153
$22,584,489,000 0.88%
Merck & Co Inc
2.69%
218,220
$22,465,698,000 0.88%
Global X Fds
4.24%
1,237,506
$36,547,197,000 1.42%
Mcdonalds Corp
3.61%
82,914
$21,842,804,000 0.85%
Zoetis Inc
0.60%
122,219
$21,263,707,000 0.83%
Qualcomm, Inc.
3.74%
188,708
$20,957,914,000 0.82%
Stryker Corp.
4.52%
75,838
$20,724,299,000 0.81%
Aflac Inc.
5.90%
268,631
$20,617,458,000 0.80%
Ansys Inc.
0.04%
68,955
$20,517,560,000 0.80%
American Express Co.
0.04%
136,585
$20,377,086,000 0.79%
Walmart Inc
2.08%
125,997
$20,150,689,000 0.78%
Schwab Charles Corp
41.85%
366,326
$20,111,290,000 0.78%
Pfizer Inc.
6.21%
601,335
$19,946,286,000 0.78%
Intercontinental Exchange In
0.38%
178,580
$19,647,409,000 0.77%
Thermo Fisher Scientific Inc.
1.30%
37,025
$18,741,099,000 0.73%
Ecolab, Inc.
1.13%
107,335
$18,182,596,000 0.71%
Etf Managers Tr
0.07%
342,694
$17,682,991,000 0.69%
Asml Holding N V
1.55%
29,719
$17,494,538,000 0.68%
Nike, Inc.
5.89%
163,251
$15,610,100,000 0.61%
Capital One Finl Corp
6.07%
155,365
$15,078,129,000 0.59%
Verizon Communications Inc
7.98%
454,408
$14,727,377,000 0.57%
American Tower Corp.
7.98%
88,245
$14,511,843,000 0.57%
Ross Stores, Inc.
1.26%
117,390
$13,259,218,000 0.52%
Target Corp
9.46%
119,296
$13,190,588,000 0.51%
Wisdomtree Tr
5.02%
584,273
$19,795,184,000 0.77%
Invesco Exchange Traded Fd T
577.14%
314,484
$9,068,445,000 0.35%
Procter And Gamble Co
3.22%
57,470
$8,382,620,000 0.33%
Spdr S&p 500 Etf Tr
5.11%
17,156
$7,333,852,000 0.29%
Unilever plc
0.01%
147,115
$7,267,489,000 0.28%
Vanguard World Fd
5.22%
47,138
$7,158,890,000 0.28%
Lockheed Martin Corp.
1.77%
17,042
$6,969,389,000 0.27%
Berkshire Hathaway Inc.
9.00%
19,868
$6,959,760,000 0.27%
Pepsico Inc
2.10%
37,782
$6,401,787,000 0.25%
Kimberly-Clark Corp.
0.22%
52,603
$6,357,026,000 0.25%
Coca-Cola Co
2.14%
102,501
$5,738,008,000 0.22%
Chevron Corp.
6.19%
32,068
$5,407,229,000 0.21%
NVIDIA Corp
2.32%
10,524
$4,577,778,000 0.18%
Select Sector Spdr Tr
0.09%
61,573
$4,236,824,000 0.17%
Vanguard World Fds
4.11%
24,441
$5,971,834,000 0.23%
Invesco Exch Traded Fd Tr Ii
1.91%
112,629
$2,364,075,000 0.09%
Home Depot, Inc.
8.66%
5,629
$1,700,876,000 0.07%
Intel Corp.
16.59%
36,465
$1,296,321,000 0.05%
Vertex Pharmaceuticals, Inc.
0.06%
3,090
$1,074,517,000 0.04%
Eli Lilly & Co
13.39%
1,838
$987,190,000 0.04%
Cisco Sys Inc
9.42%
17,775
$955,587,000 0.04%
Boeing Co.
3.47%
4,894
$938,019,000 0.04%
Meta Platforms Inc
25.05%
3,082
$925,247,000 0.04%
Sempra
Closed
5,537
$837,028,000
Dbx Etf Tr
13.56%
20,950
$830,877,000 0.03%
Advanced Micro Devices Inc.
4.06%
7,947
$817,111,000 0.03%
Applied Matls Inc
0.14%
5,828
$806,855,000 0.03%
Exxon Mobil Corp.
31.97%
6,443
$757,568,000 0.03%
Blackrock Inc.
1.12%
1,151
$744,110,000 0.03%
Ssga Active Etf Tr
0.06%
18,176
$731,948,000 0.03%
United Sec Bancshares Calif
No change
94,506
$703,124,000 0.03%
Penumbra Inc
Opened
2,819
$681,944,000 0.03%
Vanguard Malvern Fds
3.69%
14,025
$663,102,000 0.03%
Marathon Pete Corp
Opened
4,221
$638,806,000 0.02%
Edwards Lifesciences Corp
5.40%
9,136
$632,942,000 0.02%
Conocophillips
47.18%
5,266
$630,907,000 0.02%
Netflix Inc.
5.18%
1,446
$546,010,000 0.02%
California BanCorp
No change
26,250
$527,625,000 0.02%
Vanguard Specialized Funds
10.69%
3,368
$523,388,000 0.02%
Eversource Energy
2.76%
8,881
$516,405,000 0.02%
Spdr Dow Jones Indl Average
21.84%
1,492
$499,887,000 0.02%
International Business Machs
46.20%
3,424
$480,324,000 0.02%
Tesla Inc
9.42%
1,895
$474,167,000 0.02%
Automatic Data Processing In
59.50%
1,914
$460,470,000 0.02%
Veralto Corp
Opened
5,378
$454,764,000 0.02%
Oracle Corp.
2.89%
4,171
$441,821,000 0.02%
Travelers Companies Inc.
36.98%
2,682
$437,961,000 0.02%
Dimensional Etf Trust
No change
16,194
$424,283,000 0.02%
Boyd Gaming Corp.
Opened
6,623
$402,877,000 0.02%
Honeywell International Inc
Closed
2,090
$399,425,000
NetEase Inc
No change
3,760
$376,602,000 0.01%
Nuveen Ca Qualty Mun Income
Closed
33,449
$368,273,000
Invesco Exch Traded Fd Tr Ii
Closed
8,581
$362,204,000
Palantir Technologies Inc.
66.60%
22,260
$356,160,000 0.01%
Select Sector Spdr Tr
Closed
11,024
$354,425,000
Duke Energy Corp.
25.25%
3,876
$342,096,000 0.01%
Morgan Stanley
7.00%
4,090
$334,030,000 0.01%
Novo-nordisk A S
Opened
3,654
$332,332,000 0.01%
Guggenheim Strategic Opportu
Closed
20,117
$325,290,000
Caterpillar Inc.
15.87%
1,150
$313,907,000 0.01%
Northrop Grumman Corp.
Closed
656
$302,888,000
Piper Sandler Companies
No change
2,048
$297,595,000 0.01%
Texas Instrs Inc
6.82%
1,858
$295,440,000 0.01%
Iron Mtn Inc Del
16.32%
4,876
$289,878,000 0.01%
Yum Brands Inc.
No change
2,279
$284,738,000 0.01%
Vanguard Whitehall Fds
26.63%
2,649
$273,695,000 0.01%
Abbvie Inc
25.57%
1,816
$270,734,000 0.01%
Ishares Tr
Opened
2,861
$269,478,000 0.01%
AMGEN Inc.
17.33%
992
$266,717,000 0.01%
Ishares Tr
Closed
9,377
$733,173,000
Vanguard World Fd
Closed
4,991
$261,329,000
Xcel Energy Inc.
No change
4,558
$260,809,000 0.01%
Activision Blizzard Inc
9.00%
2,699
$252,707,000 0.01%
Vanguard Scottsdale Fds
Closed
5,276
$245,598,000
Unitedhealth Group Inc
90.64%
476
$240,076,000 0.01%
Phillips 66
Opened
1,986
$238,615,000 0.01%
Bank America Corp
Closed
8,230
$235,377,000
AT&T, Inc.
Closed
11,780
$226,772,000
Deere & Co.
Closed
531
$219,239,000
Global X Fds
Closed
8,596
$219,198,000
Starbucks Corp.
30.14%
2,392
$218,330,000 0.01%
Prologis Inc
0.77%
1,934
$216,990,000 0.01%
Lowes Cos Inc
11.92%
1,042
$216,569,000 0.01%
Adobe Systems Incorporated
Closed
561
$216,193,000
CSW Industrials Inc
Opened
1,228
$215,195,000 0.01%
RTX Corp
17.19%
2,928
$210,728,000 0.01%
Vanguard Tax-managed Fds
Opened
4,742
$207,320,000 0.01%
Marsh & McLennan Cos., Inc.
Opened
1,083
$206,095,000 0.01%
Schwab Strategic Tr
Closed
4,082
$205,855,000
Spdr Ser Tr
Closed
4,039
$203,687,000
Nuveen Amt Free Qlty Mun Inc
Closed
16,936
$188,328,000
Nuveen California Amt Qlt Mu
Closed
11,100
$129,204,000
Blackrock Munihldngs Cali Ql
Closed
10,911
$120,676,000
Bellerophon Therapeutics Inc
Closed
10,000
$78,900,000
Nextdoor Holdings, Inc.
Opened
12,100
$22,022,000 0.00%
Apexigen Inc
Closed
13,216
$6,436,000
No transactions found
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