Veery Capital 13F annual report

Veery Capital is an investment fund managing more than $245 billion ran by David Benfer. There are currently 70 companies in Mr. Benfer’s portfolio. The largest investments include Schwab Strategic Tr and Vanguard Tax-managed Fds, together worth $82.6 billion.

Limited to 30 biggest holdings

$245 billion Assets Under Management (AUM)

As of 11th July 2024, Veery Capital’s top holding is 808,343 shares of Schwab Strategic Tr currently worth over $53 billion and making up 21.6% of the portfolio value. In addition, the fund holds 598,590 shares of Vanguard Tax-managed Fds worth $29.6 billion. The third-largest holding is Vanguard Index Fds worth $48.8 billion and the next is Vanguard Bd Index Fds worth $15.5 billion, with 214,500 shares owned.

Currently, Veery Capital's portfolio is worth at least $245 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 Veery Capital

The Veery Capital office and employees reside in Wilmington, Delaware. According to the last 13-F report filed with the SEC, David Benfer serves as the CCO at Veery Capital.

Recent trades

In the most recent 13F filing, Veery Capital revealed that it had opened a new position in Shell Plc and bought 2,873 shares worth $207 million.

The investment fund also strengthened its position in Vanguard Bd Index Fds by buying 7,330 additional shares. This makes their stake in Vanguard Bd Index Fds total 214,500 shares worth $15.5 billion.

On the other hand, there are companies that Veery Capital is getting rid of from its portfolio. Veery Capital closed its position in International Business Machs on 18th July 2024. It sold the previously owned 1,098 shares for $210 million. David Benfer also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%. This leaves the value of the investment at $53 billion and 808,343 shares.

One of the smaller hedge funds

The two most similar investment funds to Veery Capital are Malaga Cove Capital and 360. They manage $245 billion and $245 billion respectively.


David Benfer investment strategy

Veery Capital’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Miscellaneous — making up 3.7% of the total portfolio value. The fund focuses on investments in the United States as 51.4% 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 46% of the total holdings value. On the other hand, small-cap stocks make up only 4.3% of the portfolio. The average market cap of the portfolio companies is close to $310 billion.

The complete list of Veery Capital trades based on 13F SEC filings

These positions were updated on July 18th 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
Schwab Strategic Tr
1.68%
808,343
$53,036,226,000 21.61%
Vanguard Tax-managed Fds
1.95%
598,590
$29,582,323,000 12.05%
Vanguard Index Fds
2.25%
212,920
$48,805,620,000 19.89%
Vanguard Bd Index Fds
3.54%
214,500
$15,494,386,000 6.31%
Ishares Tr
4.45%
385,194
$32,024,379,000 13.05%
Vanguard Intl Equity Index F
0.00%
182,691
$7,994,569,000 3.26%
Dbx Etf Tr
1.28%
145,666
$5,165,313,000 2.10%
Ishares Inc
3.55%
95,514
$5,314,524,000 2.17%
VanEck ETF Trust
1.52%
237,058
$8,067,423,000 3.29%
Vanguard Whitehall Fds
0.35%
57,485
$3,848,150,000 1.57%
Invesco Exchange Traded Fd T
12.02%
16,808
$2,761,184,000 1.13%
Apple Inc
0.12%
10,426
$2,195,896,000 0.89%
Vanguard Malvern Fds
1.64%
43,032
$2,088,753,000 0.85%
Microsoft Corporation
0.14%
4,215
$1,883,881,000 0.77%
Abrdn Etfs
7.24%
85,163
$1,731,363,000 0.71%
Amazon.com Inc.
1.78%
5,933
$1,146,552,000 0.47%
Alphabet Inc
0.61%
9,200
$1,683,740,000 0.69%
DraftKings Inc.
20.77%
26,033
$993,680,000 0.40%
Vanguard Charlotte Fds
33.53%
20,084
$977,470,000 0.40%
NVIDIA Corp
894.50%
7,419
$916,543,000 0.37%
Wisdomtree Tr
0.12%
31,855
$862,958,000 0.35%
Adobe Inc
No change
1,291
$717,202,000 0.29%
Costco Whsl Corp New
0.25%
809
$687,642,000 0.28%
Vanguard Mun Bd Fds
16.16%
12,527
$627,746,000 0.26%
Meta Platforms Inc
0.57%
1,215
$612,863,000 0.25%
Mastercard Incorporated
0.37%
1,343
$592,478,000 0.24%
Spdr Ser Tr
7.58%
20,899
$953,648,000 0.39%
Exxon Mobil Corp.
2.95%
4,891
$563,052,000 0.23%
Visa Inc
No change
2,073
$544,100,000 0.22%
Popular Inc.
No change
6,148
$543,668,000 0.22%
JPMorgan Chase & Co.
0.61%
2,653
$536,633,000 0.22%
Constellation Energy Corp
0.11%
2,675
$535,722,000 0.22%
Intuitive Surgical Inc
0.34%
1,189
$528,927,000 0.22%
Advanced Micro Devices Inc.
0.43%
3,259
$528,642,000 0.22%
Amphenol Corp.
96.72%
7,798
$525,351,000 0.21%
Intuit Inc
No change
795
$522,482,000 0.21%
Vanguard Scottsdale Fds
10.34%
10,837
$491,992,000 0.20%
Dexcom Inc
No change
4,004
$453,974,000 0.18%
Unitedhealth Group Inc
3.41%
819
$417,084,000 0.17%
Zoetis Inc
No change
2,398
$415,717,000 0.17%
Invesco Exch Traded Fd Tr Ii
10.61%
19,267
$405,387,000 0.17%
Danaher Corp.
1.31%
1,622
$405,257,000 0.17%
Merck & Co Inc
1.75%
3,028
$374,866,000 0.15%
Salesforce Inc
0.51%
1,381
$355,056,000 0.14%
Kimberly-Clark Corp.
No change
2,415
$333,753,000 0.14%
Applied Matls Inc
2.30%
1,401
$330,622,000 0.13%
Johnson & Johnson
3.63%
2,202
$321,844,000 0.13%
Spdr Index Shs Fds
No change
9,030
$316,772,000 0.13%
Eli Lilly & Co
0.59%
336
$304,208,000 0.12%
Tesla Inc
6.23%
1,519
$300,580,000 0.12%
Bank America Corp
0.51%
7,528
$299,399,000 0.12%
Marathon Pete Corp
0.44%
1,614
$279,997,000 0.11%
Ameriprise Finl Inc
1.98%
642
$274,256,000 0.11%
Abbvie Inc
0.63%
1,595
$273,574,000 0.11%
Exelon Corp.
0.39%
7,872
$272,450,000 0.11%
Astrazeneca plc
3.99%
3,395
$264,776,000 0.11%
Taiwan Semiconductor Mfg Ltd
0.66%
1,516
$263,496,000 0.11%
Analog Devices Inc.
0.54%
1,117
$254,966,000 0.10%
Thermo Fisher Scientific Inc.
0.69%
435
$240,555,000 0.10%
Nxp Semiconductors N V
No change
868
$233,570,000 0.10%
HCA Healthcare Inc
0.28%
712
$228,751,000 0.09%
Verizon Communications Inc
0.20%
5,470
$225,583,000 0.09%
SLM Corp.
No change
10,770
$223,908,000 0.09%
Vanguard Specialized Funds
No change
1,222
$223,076,000 0.09%
Berkshire Hathaway Inc.
No change
520
$211,536,000 0.09%
Roper Technologies Inc
No change
374
$210,809,000 0.09%
International Business Machs
Closed
1,098
$209,674,000
Shell Plc
Opened
2,873
$207,373,000 0.08%
Semler Scientific Inc
Opened
6,000
$206,400,000 0.08%
Kroger Co.
Closed
3,503
$200,126,000
Energy Transfer L P
No change
11,500
$186,530,000 0.08%
Xeris Biopharma Holdings Inc
No change
14,163
$31,867,000 0.01%
No transactions found
Showing first 500 out of 72 holdings