Source Advisors 13F annual report

Source Advisors is an investment fund managing more than $322 billion ran by Megan Benner. There are currently 77 companies in Mrs. Benner’s portfolio. The largest investments include Uber Technologies Inc and Spdr Sp 500 Etf Tr, together worth $87.2 billion.

Limited to 30 biggest holdings

$322 billion Assets Under Management (AUM)

As of 10th July 2024, Source Advisors’s top holding is 656,195 shares of Uber Technologies Inc currently worth over $47.7 billion and making up 14.8% of the portfolio value. Relative to the number of outstanding shares of Uber Technologies Inc, Source Advisors owns more than approximately 0.1% of the company. In addition, the fund holds 72,680 shares of Spdr Sp 500 Etf Tr worth $39.6 billion. The third-largest holding is MarketAxess worth $23.1 billion and the next is Ishares Tr worth $74.5 billion, with 1,353,478 shares owned.

Currently, Source Advisors's portfolio is worth at least $322 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 Source Advisors

The Source Advisors office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Megan Benner serves as the Chief Compliance Officer at Source Advisors.

Recent trades

In the most recent 13F filing, Source Advisors revealed that it had opened a new position in Applied Matls Inc and bought 916 shares worth $216 million.

The investment fund also strengthened its position in Uber Technologies Inc by buying 295 additional shares. This makes their stake in Uber Technologies Inc total 656,195 shares worth $47.7 billion. Uber Technologies Inc soared 63.3% in the past year.

On the other hand, there are companies that Source Advisors is getting rid of from its portfolio. Source Advisors closed its position in Ishares Tr on 17th July 2024. It sold the previously owned 5,930 shares for $575 million. Megan Benner also disclosed a decreased stake in Spdr Sp 500 Etf Tr by approximately 0.1%. This leaves the value of the investment at $39.6 billion and 72,680 shares.

One of the smaller hedge funds

The two most similar investment funds to Source Advisors are West Family Investments and Tencore Partners, L.P.. They manage $322 billion and $322 billion respectively.


Megan Benner investment strategy

Source Advisors’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 24.1% of the total portfolio value. The fund focuses on investments in the United States as 44.2% 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 38% of the total holdings value. On the other hand, small-cap stocks make up only 2.6% of the portfolio. The average market cap of the portfolio companies is close to $333 billion.

The complete list of Source Advisors trades based on 13F SEC filings

These positions were updated on July 17th 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
Uber Technologies Inc
0.04%
656,195
$47,692,283,000 14.80%
Spdr Sp 500 Etf Tr
5.84%
72,680
$39,553,859,000 12.27%
MarketAxess Holdings Inc.
0.13%
115,359
$23,132,985,000 7.18%
Ishares Tr
36.66%
1,353,478
$74,476,006,000 23.11%
Vanguard Index Fds
5.70%
57,578
$15,674,129,000 4.86%
Confluent Inc
No change
385,331
$11,378,823,000 3.53%
Elastic N.V
No change
72,122
$8,215,464,000 2.55%
Vanguard Charlotte Fds
38.17%
154,555
$7,522,168,000 2.33%
Ishares U S Etf Tr
14.21%
134,035
$6,721,874,000 2.09%
Janus Detroit Str Tr
77.41%
130,910
$6,660,709,000 2.07%
Goldman Sachs Etf Tr
9.75%
54,948
$5,876,700,000 1.82%
Vanguard Mun Bd Fds
62.52%
99,016
$4,961,683,000 1.54%
Snap Inc
No change
285,968
$4,749,928,000 1.47%
Microsoft Corporation
5.75%
9,646
$4,311,474,000 1.34%
Apple Inc
1.44%
19,038
$4,009,696,000 1.24%
Meta Platforms Inc
0.03%
7,417
$3,739,677,000 1.16%
Jpmorgan Chase Co
2.65%
17,211
$3,481,013,000 1.08%
Spdr Gold Tr
8.76%
13,145
$2,826,306,000 0.88%
NVIDIA Corp
1,027.10%
21,877
$2,702,628,000 0.84%
Amazon.com Inc.
0.19%
12,348
$2,386,252,000 0.74%
Select Sector Spdr Tr
30.50%
35,859
$4,360,741,000 1.35%
Vanguard Bd Index Fds
2.90%
22,163
$1,596,844,000 0.50%
J P Morgan Exchange Traded F
9.51%
57,033
$3,234,140,000 1.00%
Spdr Ser Tr
3.41%
71,177
$2,160,262,000 0.67%
Alphabet Inc
2.38%
14,100
$2,578,454,000 0.80%
Schwab Strategic Tr
3.41%
33,170
$1,462,797,000 0.45%
Asana, Inc.
No change
86,539
$1,210,681,000 0.38%
Amplitude Inc
No change
134,808
$1,199,791,000 0.37%
Vanguard Scottsdale Fds
3.95%
33,350
$3,084,582,000 0.96%
Vanguard Admiral Fds Inc
7.74%
16,568
$1,635,529,000 0.51%
Broadcom Inc.
24.90%
549
$882,086,000 0.27%
Disney Walt Co
73.84%
8,139
$808,135,000 0.25%
Qualcomm, Inc.
0.28%
3,920
$780,742,000 0.24%
AAON Inc.
No change
8,545
$745,466,000 0.23%
Eli Lilly Co
3.88%
719
$650,968,000 0.20%
Unitedhealth Group Inc
0.80%
1,260
$641,761,000 0.20%
Berkshire Hathaway Inc.
2.87%
1,557
$1,245,222,000 0.39%
Walmart Inc
1.20%
8,169
$553,144,000 0.17%
Vanguard World Fd
3.40%
7,407
$543,748,000 0.17%
Home Depot, Inc.
No change
1,577
$543,030,000 0.17%
VanEck ETF Trust
1.18%
16,416
$514,645,000 0.16%
Exxon Mobil Corp.
9.82%
4,295
$494,436,000 0.15%
Visa Inc
1.15%
1,853
$486,467,000 0.15%
Sirius XM Holdings Inc
0.97%
171,871
$486,395,000 0.15%
Affirm Holdings, Inc.
No change
15,835
$478,375,000 0.15%
Ishares Inc
0.21%
12,157
$693,344,000 0.22%
Procter And Gamble Co
0.04%
2,662
$439,009,000 0.14%
Mastercard Incorporated
1.09%
930
$410,070,000 0.13%
Merck Co Inc
0.03%
3,084
$381,774,000 0.12%
Lattice Strategies Tr
0.03%
7,065
$370,286,000 0.11%
Mcdonalds Corp
0.14%
1,402
$357,400,000 0.11%
Coinbase Global Inc
0.31%
1,605
$356,679,000 0.11%
Tesla Inc
2.23%
1,794
$354,997,000 0.11%
Abbvie Inc
1.40%
2,026
$347,422,000 0.11%
Ishares Tr
Closed
5,930
$575,302,000
Pepsico Inc
4.41%
2,059
$339,591,000 0.11%
Chevron Corp.
4.86%
2,158
$337,503,000 0.10%
Netflix Inc.
12.01%
498
$336,090,000 0.10%
Wisdomtree Tr
No change
6,990
$326,922,000 0.10%
Costco Whsl Corp New
1.09%
370
$314,496,000 0.10%
Johnson Johnson
18.44%
2,132
$311,613,000 0.10%
Vanguard Tax-managed Fds
52.21%
6,044
$298,714,000 0.09%
Paramount Global
0.93%
28,531
$296,436,000 0.09%
Prologis Inc
2.53%
2,580
$289,766,000 0.09%
Coca-Cola Co
0.04%
4,455
$283,549,000 0.09%
Caterpillar Inc.
0.12%
849
$282,958,000 0.09%
Intuit Inc
11.17%
418
$274,861,000 0.09%
Schwab Charles Corp
0.14%
3,592
$264,708,000 0.08%
Salesforce Inc
Closed
816
$245,763,000
Comcast Corp New
3.39%
6,207
$243,054,000 0.08%
Universal Hlth Svcs Inc
No change
1,278
$236,341,000 0.07%
Invesco Exch Traded Fd Tr Ii
0.76%
1,194
$235,349,000 0.07%
Procore Technologies, Inc.
Closed
2,861
$235,091,000
General Electric Co
2.81%
1,428
$226,983,000 0.07%
Citigroup Inc
0.79%
3,432
$217,795,000 0.07%
Applied Matls Inc
Opened
916
$216,135,000 0.07%
Marathon Pete Corp
No change
1,216
$210,951,000 0.07%
Invesco Exch Traded Fd Tr Ii
Closed
1,654
$209,876,000
Franklin Templeton Etf Tr
Closed
6,737
$209,061,000
Invesco Exch Trd Slf Idx Fd
1.46%
11,342
$205,975,000 0.06%
VanEck ETF Trust
Closed
7,086
$205,633,000
Adobe Inc
Opened
369
$204,995,000 0.06%
Abbott Labs
Closed
1,800
$204,554,000
Mondelez International Inc.
0.77%
3,096
$202,602,000 0.06%
No transactions found
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