Essex Private Wealth Management 13F annual report
Essex Private Wealth Management is an investment fund managing more than $39 billion ran by Peter Mulholland. There are currently 23 companies in Mr. Mulholland’s portfolio. The largest investments include Vanguard Index Fds and Ishares Tr, together worth $17.8 billion.
$39 billion Assets Under Management (AUM)
As of 15th July 2024, Essex Private Wealth Management’s top holding is 31,643 shares of Vanguard Index Fds currently worth over $7.72 billion and making up 19.8% of the portfolio value.
In addition, the fund holds 112,425 shares of Ishares Tr worth $10.1 billion.
The third-largest holding is Invesco Exchange Traded Fd T worth $3.89 billion and the next is Vanguard World Fd worth $2.47 billion, with 9,276 shares owned.
Currently, Essex Private Wealth Management's portfolio is worth at least $39 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 Essex Private Wealth Management
The Essex Private Wealth Management office and employees reside in Topsfield, Massachusetts. According to the last 13-F report filed with the SEC, Peter Mulholland serves as the Chief Compliance Officer at Essex Private Wealth Management.
Recent trades
In the most recent 13F filing, Essex Private Wealth Management revealed that it had opened a new position in
Meta Platforms Inc and bought 671 shares worth $338 million.
This means they effectively own approximately 0.1% of the company.
Meta Platforms Inc makes up
12.2%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Vanguard Index Fds by buying
2,227 additional shares.
This makes their stake in Vanguard Index Fds total 31,643 shares worth $7.72 billion.
On the other hand, there are companies that Essex Private Wealth Management is getting rid of from its portfolio.
Essex Private Wealth Management closed its position in Builders Firstsource Inc on 19th July 2024.
It sold the previously owned 1,000 shares for $209 million.
Peter Mulholland also disclosed a decreased stake in Fidelity Covington Trust by approximately 0.1%.
This leaves the value of the investment at $1.66 billion and 58,119 shares.
One of the smallest hedge funds
The two most similar investment funds to Essex Private Wealth Management are Portland Hill Asset Management Ltd and Wuxi Apptec Co. They manage $39.4 billion and $38.6 billion respectively.
Peter Mulholland investment strategy
Essex Private Wealth Management’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 7.1% of
the total portfolio value.
The fund focuses on investments in the United States as
30.4% 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
30% 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 $873 billion.
The complete list of Essex Private Wealth Management trades based on 13F SEC filings
These positions were updated on July 19th 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 |
|---|---|---|---|
| Vanguard Index Fds |
7.57%
31,643
|
$7,716,387,000 | 19.76% |
| Ishares Tr |
15.14%
112,425
|
$10,124,994,000 | 25.93% |
| Invesco Exchange Traded Fd T |
11.50%
83,948
|
$3,893,843,000 | 9.97% |
| Vanguard World Fd |
16.02%
9,276
|
$2,467,397,000 | 6.32% |
| Fidelity Merrimack Str Tr |
11.35%
54,440
|
$2,445,989,000 | 6.26% |
| Select Sector Spdr Tr |
19.67%
13,088
|
$2,387,258,000 | 6.11% |
| Fidelity Covington Trust |
1.39%
58,119
|
$1,659,883,000 | 4.25% |
| NVIDIA Corp |
1,077.07%
11,806
|
$1,458,509,000 | 3.74% |
| Apple Inc |
6.59%
6,403
|
$1,348,630,000 | 3.45% |
| Ssga Active Etf Tr |
18.83%
25,675
|
$1,019,822,000 | 2.61% |
| Spdr Ser Tr |
0.16%
4,497
|
$571,949,000 | 1.46% |
| Microsoft Corporation |
1.79%
1,261
|
$563,704,000 | 1.44% |
| Spdr Sp 500 Etf Tr |
No change
878
|
$477,910,000 | 1.22% |
| Alphabet Inc |
29.58%
2,304
|
$419,657,000 | 1.07% |
| Tesla Inc |
6.36%
1,973
|
$390,514,000 | 1.00% |
| Dnp Select Income Fd Inc |
9.62%
44,140
|
$362,829,000 | 0.93% |
| Meta Platforms Inc |
Opened
671
|
$338,332,000 | 0.87% |
| Waste Mgmt Inc Del |
No change
1,370
|
$292,276,000 | 0.75% |
| American Wtr Wks Co Inc New |
No change
2,080
|
$268,653,000 | 0.69% |
| Quanta Svcs Inc |
30.72%
1,051
|
$267,098,000 | 0.68% |
| Visa Inc |
No change
930
|
$244,174,000 | 0.63% |
| Vanguard Whitehall Fds |
6.82%
1,770
|
$209,922,000 | 0.54% |
| Builders Firstsource Inc |
Closed
1,000
|
$208,550,000 | |
| Williams-Sonoma, Inc. |
Closed
632
|
$200,679,000 | |
| Nuscale Pwr Corp |
No change
10,000
|
$116,900,000 | 0.30% |
| No transactions found | |||
| Showing first 500 out of 25 holdings | |||
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