Fortis Capital Management 13F annual report
Fortis Capital Management is an investment fund managing more than $466 billion ran by Mike Boroughs. There are currently 84 companies in Mr. Boroughs’s portfolio. The largest investments include Microsoft and Schwab Strategic Tr, together worth $188 billion.
$466 billion Assets Under Management (AUM)
As of 16th July 2024, Fortis Capital Management’s top holding is 295,313 shares of Microsoft currently worth over $132 billion and making up 28.3% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Fortis Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 997,133 shares of Schwab Strategic Tr worth $55.7 billion.
The third-largest holding is Amazon.com worth $14.8 billion and the next is NVIDIA Corp worth $12.8 billion, with 103,806 shares owned.
Currently, Fortis Capital Management's portfolio is worth at least $466 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 Fortis Capital Management
The Fortis Capital Management office and employees reside in Bellevue, Washington. According to the last 13-F report filed with the SEC, Mike Boroughs serves as the Chief Compliance Officer at Fortis Capital Management.
Recent trades
In the most recent 13F filing, Fortis Capital Management revealed that it had opened a new position in
Novo-nordisk A S and bought 32,994 shares worth $4.71 billion.
The investment fund also strengthened its position in Microsoft by buying
6,659 additional shares.
This makes their stake in Microsoft total 295,313 shares worth $132 billion.
Microsoft dropped approximately 0.1% in the past year.
On the other hand, there are companies that Fortis Capital Management is getting rid of from its portfolio.
Fortis Capital Management closed its position in Doximity on 23rd July 2024.
It sold the previously owned 212,653 shares for $5.72 billion.
Mike Boroughs also disclosed a decreased stake in Amazon.com by approximately 0.1%.
This leaves the value of the investment at $14.8 billion and 76,358 shares.
One of the average hedge funds
The two most similar investment funds to Fortis Capital Management are Jackson Wealth Management and Blue Bell Private Wealth Management. They manage $466 billion and $466 billion respectively.
Mike Boroughs investment strategy
Fortis Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 42.7% of
the total portfolio value.
The fund focuses on investments in the United States as
48.8% 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
50% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $253 billion.
The complete list of Fortis Capital Management trades based on 13F SEC filings
These positions were updated on July 23rd 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 |
2.31%
295,313
|
$131,990,126,000 | 28.31% |
| Schwab Strategic Tr |
4.77%
997,133
|
$55,658,878,000 | 11.94% |
| Amazon.com Inc. |
1.29%
76,358
|
$14,756,202,000 | 3.16% |
| NVIDIA Corp |
1,796.35%
103,806
|
$12,824,140,000 | 2.75% |
| Ishares Tr |
14.78%
1,055,056
|
$43,216,014,000 | 9.27% |
| Alphabet Inc |
4.17%
60,612
|
$11,112,514,000 | 2.38% |
| Vanguard Scottsdale Fds |
1.06%
133,256
|
$10,605,084,000 | 2.27% |
| Pimco Etf Tr |
47.08%
79,143
|
$7,524,170,000 | 1.61% |
| Apple Inc |
86.82%
34,736
|
$7,316,048,000 | 1.57% |
| Vanguard Index Fds |
0.14%
58,942
|
$12,838,868,000 | 2.75% |
| Spdr Gold Tr |
4.20%
33,216
|
$7,141,773,000 | 1.53% |
| Netflix Inc. |
1.54%
10,300
|
$6,951,185,000 | 1.49% |
| Broadcom Inc |
109.85%
4,197
|
$6,738,803,000 | 1.45% |
| Meta Platforms Inc |
51.43%
12,626
|
$6,366,227,000 | 1.37% |
| Doximity, Inc. |
Closed
212,653
|
$5,722,493,000 | |
| Adobe Inc |
204.87%
9,832
|
$5,462,070,000 | 1.17% |
| ServiceNow Inc |
136.71%
6,365
|
$5,007,155,000 | 1.07% |
| Costco Whsl Corp New |
105.17%
5,759
|
$4,894,849,000 | 1.05% |
| Charter Communications Inc N |
150.39%
15,895
|
$4,752,088,000 | 1.02% |
| Novo-nordisk A S |
Opened
32,994
|
$4,709,634,000 | 1.01% |
| NVR Inc. |
135.27%
607
|
$4,607,797,000 | 0.99% |
| Autodesk Inc. |
161.52%
18,560
|
$4,592,672,000 | 0.98% |
| Mastercard Incorporated |
165.46%
10,297
|
$4,542,515,000 | 0.97% |
| Visa Inc |
160.33%
17,109
|
$4,490,496,000 | 0.96% |
| Arista Networks Inc |
Opened
12,674
|
$4,441,984,000 | 0.95% |
| Aon plc. |
163.99%
15,050
|
$4,418,258,000 | 0.95% |
| Unitedhealth Group Inc |
132.50%
8,563
|
$4,360,662,000 | 0.94% |
| MSCI Inc |
164.23%
8,664
|
$4,173,800,000 | 0.90% |
| Fair Isaac Corp. |
Opened
2,611
|
$3,886,892,000 | 0.83% |
| MercadoLibre Inc |
Opened
2,333
|
$3,834,053,000 | 0.82% |
| KLA Corp. |
Opened
4,437
|
$3,658,396,000 | 0.78% |
| Chipotle Mexican Grill |
Opened
55,273
|
$3,462,854,000 | 0.74% |
| Old Dominion Freight Line In |
118.98%
19,119
|
$3,376,398,000 | 0.72% |
| VanEck ETF Trust |
8.54%
205,236
|
$3,737,195,000 | 0.80% |
| Spdr Ser Tr |
23.56%
99,469
|
$5,703,949,000 | 1.22% |
| Deere & Co. |
Opened
8,639
|
$3,227,790,000 | 0.69% |
| Oreilly Automotive Inc |
41.82%
2,418
|
$2,553,554,000 | 0.55% |
| Berkshire Hathaway Inc. |
19.71%
5,873
|
$2,389,123,000 | 0.51% |
| T-Mobile US Inc |
Opened
13,335
|
$2,349,434,000 | 0.50% |
| Moodys Corp |
45.74%
5,299
|
$2,230,458,000 | 0.48% |
| Ssga Active Etf Tr |
258.94%
50,894
|
$2,127,371,000 | 0.46% |
| Pacer Fds Tr |
35.98%
29,960
|
$1,632,503,000 | 0.35% |
| American Centy Etf Tr |
0.44%
17,651
|
$1,583,629,000 | 0.34% |
| Wisdomtree Tr |
29.73%
33,562
|
$1,530,096,000 | 0.33% |
| Tesla Inc |
7.79%
7,444
|
$1,472,956,000 | 0.32% |
| Boeing Co. |
9.59%
7,197
|
$1,309,926,000 | 0.28% |
| Airbnb, Inc. |
5.92%
8,121
|
$1,231,388,000 | 0.26% |
| Abbvie Inc |
42.57%
5,880
|
$1,008,616,000 | 0.22% |
| Motorola Solutions Inc |
55.74%
2,524
|
$974,407,000 | 0.21% |
| Home Depot, Inc. |
72.21%
2,818
|
$970,099,000 | 0.21% |
| Advanced Micro Devices Inc. |
52.22%
5,814
|
$943,089,000 | 0.20% |
| Dimensional Etf Trust |
0.52%
55,982
|
$1,606,083,000 | 0.34% |
| Global X Fds |
9.86%
45,054
|
$886,654,000 | 0.19% |
| S&P Global Inc |
79.28%
1,950
|
$869,771,000 | 0.19% |
| Ishares Tr |
Closed
35,090
|
$1,430,192,000 | |
| Dominos Pizza Inc |
60.32%
1,674
|
$864,464,000 | 0.19% |
| Danaher Corp. |
78.47%
3,432
|
$857,416,000 | 0.18% |
| Thermo Fisher Scientific Inc. |
79.70%
1,519
|
$840,200,000 | 0.18% |
| Invesco Exch Traded Fd Tr Ii |
33.43%
19,970
|
$800,191,000 | 0.17% |
| Spdr S&p 500 Etf Tr |
Opened
1,366
|
$743,478,000 | 0.16% |
| Grayscale Bitcoin Tr Btc |
0.40%
12,082
|
$643,246,000 | 0.14% |
| Select Sector Spdr Tr |
Opened
16,497
|
$1,249,502,000 | 0.27% |
| Ishares Tr |
Opened
5,922
|
$615,037,000 | 0.13% |
| AMGEN Inc. |
4.57%
1,648
|
$514,955,000 | 0.11% |
| Energy Transfer L P |
26.24%
31,322
|
$508,040,000 | 0.11% |
| Vanguard Malvern Fds |
7.22%
9,331
|
$452,940,000 | 0.10% |
| Ishares Inc |
5.07%
17,694
|
$690,331,000 | 0.15% |
| Ishares Bitcoin Tr |
32.40%
10,519
|
$359,119,000 | 0.08% |
| Select Sector Spdr Tr |
1.11%
3,738
|
$330,133,000 | 0.07% |
| Vanguard Tax-managed Fds |
6.69%
5,599
|
$276,684,000 | 0.06% |
| Palantir Technologies Inc. |
17.37%
10,900
|
$276,095,000 | 0.06% |
| Proshares Tr |
Closed
22,131
|
$262,480,000 | |
| Shopify Inc |
1.15%
3,877
|
$256,045,000 | 0.05% |
| Nu Hldgs Ltd |
6.59%
17,330
|
$223,384,000 | 0.05% |
| Crowdstrike Holdings Inc |
Opened
565
|
$216,503,000 | 0.05% |
| PDD Holdings Inc |
Opened
1,578
|
$209,796,000 | 0.04% |
| Trade Desk Inc |
Opened
2,090
|
$204,131,000 | 0.04% |
| Lululemon Athletica inc. |
Closed
514
|
$200,795,000 | |
| Vanguard Specialized Funds |
15.40%
1,099
|
$200,600,000 | 0.04% |
| Monday Com Ltd |
Opened
831
|
$200,072,000 | 0.04% |
| Legalzoom Com Inc |
No change
15,989
|
$134,148,000 | 0.03% |
| MiMedx Group, Inc |
No change
18,000
|
$124,740,000 | 0.03% |
| Kayne Anderson Energy Infrst |
2.28%
11,792
|
$121,812,000 | 0.03% |
| CPI Aerostructures Inc |
No change
41,500
|
$102,505,000 | 0.02% |
| American Battery Technology |
5.70%
71,403
|
$89,254,000 | 0.02% |
| Nextdoor Holdings, Inc. |
No change
31,161
|
$86,628,000 | 0.02% |
| New Gold Inc Cda |
No change
20,000
|
$39,000,000 | 0.01% |
| Lyell Immunopharma Inc |
No change
12,092
|
$17,534,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 88 holdings | |||
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