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.
$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 | |||
| Showing first 500 out of 143 holdings | |||
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