Tru Independence 13F annual report
Tru Independence is an investment fund managing more than $331 billion ran by Michelle Eldridge. There are currently 82 companies in Mrs. Eldridge’s portfolio. The largest investments include Dimensional Etf Trust and First Tr Exchange-traded Fd, together worth $52.7 billion.
$331 billion Assets Under Management (AUM)
As of 30th July 2024, Tru Independence’s top holding is 1,042,201 shares of Dimensional Etf Trust currently worth over $31.4 billion and making up 9.5% of the portfolio value.
In addition, the fund holds 338,160 shares of First Tr Exchange-traded Fd worth $21.3 billion.
The third-largest holding is Fidelity Merrimack Str Tr worth $9.66 billion and the next is General Mtrs Co worth $8.2 billion, with 176,449 shares owned.
Currently, Tru Independence's portfolio is worth at least $331 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 Tru Independence
The Tru Independence office and employees reside in Portland, Oregon. According to the last 13-F report filed with the SEC, Michelle Eldridge serves as the SR. COMPLIANCE OFFICER at Tru Independence.
Recent trades
In the most recent 13F filing, Tru Independence revealed that it had opened a new position in
Abbvie Inc and bought 35,391 shares worth $6.07 billion.
This means they effectively own approximately 0.1% of the company.
Abbvie Inc makes up
58.2%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Dimensional Etf Trust by buying
56,836 additional shares.
This makes their stake in Dimensional Etf Trust total 1,042,201 shares worth $31.4 billion.
On the other hand, there are companies that Tru Independence is getting rid of from its portfolio.
Tru Independence closed its position in TotalEnergies SE on 6th August 2024.
It sold the previously owned 66,131 shares for $4.55 billion.
Michelle Eldridge also disclosed a decreased stake in General Mtrs Co by approximately 0.1%.
This leaves the value of the investment at $8.2 billion and 176,449 shares.
One of the smaller hedge funds
The two most similar investment funds to Tru Independence are Globe Life Inc and Wagner Wealth Management. They manage $331 billion and $331 billion respectively.
Michelle Eldridge investment strategy
Tru Independence’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Industrials — making up 8.8% of
the total portfolio value.
The fund focuses on investments in the United States as
36.6% 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
33% 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 $313 billion.
The complete list of Tru Independence trades based on 13F SEC filings
These positions were updated on August 6th 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 |
|---|---|---|---|
| Dimensional Etf Trust |
5.77%
1,042,201
|
$31,448,820,000 | 9.50% |
| First Tr Exchange-traded Fd |
3.41%
338,160
|
$21,282,501,000 | 6.43% |
| Fidelity Merrimack Str Tr |
15.25%
214,983
|
$9,659,179,000 | 2.92% |
| General Mtrs Co |
3.08%
176,449
|
$8,197,820,000 | 2.48% |
| Bank America Corp |
1.70%
204,224
|
$8,121,941,000 | 2.45% |
| Jpmorgan Chase Co. |
0.64%
37,453
|
$7,575,076,000 | 2.29% |
| Apple Inc |
0.61%
35,274
|
$7,429,398,000 | 2.24% |
| Corning, Inc. |
1.64%
185,098
|
$7,191,040,000 | 2.17% |
| Allstate Corp (The) |
2.97%
44,801
|
$7,152,928,000 | 2.16% |
| Triumph Group Inc. |
1.98%
460,600
|
$7,097,838,000 | 2.14% |
| Wells Fargo Co New |
6.17%
118,670
|
$7,047,769,000 | 2.13% |
| Simon Ppty Group Inc New |
0.53%
45,685
|
$6,934,983,000 | 2.09% |
| Fedex Corp |
4.41%
21,415
|
$6,421,074,000 | 1.94% |
| Travelers Companies Inc. |
1.63%
31,167
|
$6,337,547,000 | 1.91% |
| Merck Co Inc |
0.89%
51,152
|
$6,332,617,000 | 1.91% |
| Wisdomtree Tr |
6.79%
138,898
|
$6,226,797,000 | 1.88% |
| Boeing Co. |
0.13%
33,761
|
$6,144,850,000 | 1.86% |
| Ford Mtr Co Del |
0.99%
488,595
|
$6,126,982,000 | 1.85% |
| Abbvie Inc |
Opened
35,391
|
$6,070,212,000 | 1.83% |
| Shell Plc |
1.41%
79,974
|
$5,772,509,000 | 1.74% |
| Unilever plc |
1.13%
102,710
|
$5,648,031,000 | 1.71% |
| United Airls Hldgs Inc |
2.14%
115,705
|
$5,630,205,000 | 1.70% |
| Verizon Communications Inc |
2.52%
131,768
|
$5,434,123,000 | 1.64% |
| Kimco Rlty Corp |
1.28%
277,027
|
$5,390,945,000 | 1.63% |
| Att Inc |
0.66%
271,571
|
$5,189,681,000 | 1.57% |
| Chevron Corp. |
0.56%
32,566
|
$5,093,896,000 | 1.54% |
| Truist Finl Corp |
2.40%
129,704
|
$5,038,991,000 | 1.52% |
| Energizer Hldgs Inc New |
1.25%
170,522
|
$5,037,220,000 | 1.52% |
| Microsoft Corporation |
3.80%
11,253
|
$5,029,578,000 | 1.52% |
| Lyondellbasell Industries N |
0.54%
51,771
|
$4,952,367,000 | 1.50% |
| Graphic Packaging Hldg Co |
2.69%
183,875
|
$4,819,347,000 | 1.46% |
| Enovix Corporation |
1.43%
299,110
|
$4,624,241,000 | 1.40% |
| TotalEnergies SE |
Closed
66,131
|
$4,551,797,000 | |
| Albertsons Cos Inc |
5.34%
230,215
|
$4,546,747,000 | 1.37% |
| Comerica, Inc. |
0.42%
87,723
|
$4,477,356,000 | 1.35% |
| United Parcel Service, Inc. |
0.10%
32,559
|
$4,455,631,000 | 1.35% |
| CVS Health Corp |
1.52%
73,887
|
$4,363,715,000 | 1.32% |
| Vanguard Whitehall Fds |
3.47%
39,547
|
$4,565,772,000 | 1.38% |
| Alaska Air Group Inc. |
0.60%
104,870
|
$4,236,748,000 | 1.28% |
| Berry Global Group Inc |
Closed
69,185
|
$4,184,303,000 | |
| Cleveland-Cliffs Inc |
2.17%
271,625
|
$4,180,309,000 | 1.26% |
| Dow Inc |
1.20%
78,361
|
$4,157,046,000 | 1.26% |
| Cisco Sys Inc |
0.15%
85,112
|
$4,043,674,000 | 1.22% |
| Johnson Johnson |
0.82%
26,683
|
$3,899,982,000 | 1.18% |
| O-I Glass Inc |
2.23%
349,898
|
$3,894,359,000 | 1.18% |
| Tyson Foods, Inc. |
3.22%
66,440
|
$3,796,382,000 | 1.15% |
| BP plc |
0.78%
103,805
|
$3,747,344,000 | 1.13% |
| Brixmor Ppty Group Inc |
4.78%
130,720
|
$3,018,325,000 | 0.91% |
| First Tr Exchange Trad Fd Vi |
4.16%
107,084
|
$2,560,386,000 | 0.77% |
| Associated Banc-Corp. |
0.40%
105,675
|
$2,235,026,000 | 0.67% |
| Vanguard World Fd |
1.69%
9,143
|
$2,892,101,000 | 0.87% |
| Janus Detroit Str Tr |
24.76%
38,828
|
$1,975,546,000 | 0.60% |
| Ishares Tr |
10.04%
28,282
|
$3,934,363,000 | 1.19% |
| First Tr Exchng Traded Fd Vi |
5.26%
61,114
|
$1,494,244,000 | 0.45% |
| First Tr Value Line Divid In |
6.47%
36,075
|
$1,470,071,000 | 0.44% |
| Maxeon Solar Technologies Lt |
Closed
404,780
|
$1,347,917,000 | |
| Berkshire Hathaway Inc. |
1.43%
3,178
|
$1,292,810,000 | 0.39% |
| Meta Platforms Inc |
5.78%
2,511
|
$1,266,237,000 | 0.38% |
| Spdr Sp 500 Etf Tr |
4.51%
1,736
|
$944,920,000 | 0.29% |
| Walgreens Boots Alliance Inc |
11.21%
69,275
|
$837,881,000 | 0.25% |
| Ishares Inc |
8.40%
13,847
|
$741,233,000 | 0.22% |
| First Tr Morningstar Divid L |
17.02%
18,890
|
$716,486,000 | 0.22% |
| Amazon.com Inc. |
20.69%
3,441
|
$664,973,000 | 0.20% |
| Select Sector Spdr Tr |
6.06%
19,163
|
$1,791,075,000 | 0.54% |
| Mcdonalds Corp |
2.00%
2,247
|
$572,701,000 | 0.17% |
| Proshares Tr |
3.63%
7,097
|
$522,435,000 | 0.16% |
| Capital Group Intl Focus Eqt |
No change
19,505
|
$501,661,000 | 0.15% |
| Vanguard Index Fds |
1.48%
6,056
|
$1,641,465,000 | 0.50% |
| Alphabet Inc |
22.19%
2,451
|
$449,622,000 | 0.14% |
| Capital One Finl Corp |
0.98%
3,091
|
$427,901,000 | 0.13% |
| First Tr Nas100 Eq Weighted |
0.18%
3,386
|
$417,474,000 | 0.13% |
| NVIDIA Corp |
Opened
3,190
|
$394,093,000 | 0.12% |
| Lockheed Martin Corp. |
2.48%
827
|
$386,289,000 | 0.12% |
| First Tr Exchange-traded Fd |
Closed
11,677
|
$663,035,000 | |
| Capital Group Core Equity Et |
2.83%
11,137
|
$359,182,000 | 0.11% |
| Select Sector Spdr Tr |
Closed
3,224
|
$304,401,000 | |
| West Pharmaceutical Svsc Inc |
4.93%
907
|
$298,757,000 | 0.09% |
| Eli Lilly Co |
24.32%
322
|
$291,555,000 | 0.09% |
| Capital Group Dividend Value |
0.15%
8,754
|
$288,880,000 | 0.09% |
| Capital Grp Fixed Incm Etf T |
13.03%
12,938
|
$287,480,000 | 0.09% |
| Ishares Tr |
Closed
2,927
|
$286,716,000 | |
| Trane Technologies plc |
0.98%
828
|
$272,319,000 | 0.08% |
| Vanguard Specialized Funds |
13.98%
1,446
|
$264,004,000 | 0.08% |
| Vanguard World Fd |
Closed
1,247
|
$254,550,000 | |
| Alphabet Inc |
Opened
1,397
|
$254,410,000 | 0.08% |
| Ball Corp. |
0.47%
4,236
|
$254,245,000 | 0.08% |
| Proshares Tr |
Closed
3,769
|
$241,303,000 | |
| First Tr Exchange-traded Fd |
Opened
3,182
|
$217,330,000 | 0.07% |
| Exxon Mobil Corp. |
Opened
1,783
|
$205,260,000 | 0.06% |
| First Tr Exchange Traded Fd |
12.09%
3,621
|
$204,302,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 90 holdings | |||
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