Castellan 13F annual report

Castellan is an investment fund managing more than $195 billion ran by Shannon Bradbury. There are currently 56 companies in Mrs. Bradbury’s portfolio. The largest investments include Microsoft and Modine Mfg Co, together worth $14.6 billion.

Limited to 30 biggest holdings

$195 billion Assets Under Management (AUM)

As of 8th May 2024, Castellan’s top holding is 17,664 shares of Microsoft currently worth over $7.43 billion and making up 3.8% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Castellan owns more than approximately 0.1% of the company. In addition, the fund holds 75,228 shares of Modine Mfg Co worth $7.16 billion. The third-largest holding is FTAI Aviation Ltd worth $6.93 billion and the next is United Rentals worth $6.54 billion, with 9,074 shares owned.

Currently, Castellan's portfolio is worth at least $195 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 Castellan

The Castellan office and employees reside in Louisville, Kentucky. According to the last 13-F report filed with the SEC, Shannon Bradbury serves as the Director of Compliance at Castellan.

Recent trades

In the most recent 13F filing, Castellan revealed that it had opened a new position in Modine Mfg Co and bought 75,228 shares worth $7.16 billion.

The investment fund also strengthened its position in NVIDIA Corp by buying 4,437 additional shares. This makes their stake in NVIDIA Corp total 6,785 shares worth $6.13 billion. NVIDIA Corp soared 215.5% in the past year.

On the other hand, there are companies that Castellan is getting rid of from its portfolio. Castellan closed its position in Gartner on 15th May 2024. It sold the previously owned 11,719 shares for $3.94 billion. Shannon Bradbury also disclosed a decreased stake in Microsoft by approximately 0.1%. This leaves the value of the investment at $7.43 billion and 17,664 shares.

One of the smallest hedge funds

The two most similar investment funds to Castellan are Westshore Wealth and Cypress Point Wealth Management. They manage $195 billion and $195 billion respectively.


Shannon Bradbury investment strategy

Castellan’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Industrials — making up 17.8% of the total portfolio value. The fund focuses on investments in the United States as 71.4% 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 45% of the total holdings value. On the other hand, small-cap stocks make up only 3.6% of the portfolio. The average market cap of the portfolio companies is close to $153 billion.

The complete list of Castellan trades based on 13F SEC filings

These positions were updated on May 15th 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
1.42%
17,664
$7,431,598,000 3.80%
Modine Mfg Co
Opened
75,228
$7,160,953,000 3.67%
FTAI Aviation Ltd
Opened
102,926
$6,926,920,000 3.55%
United Rentals, Inc.
3.82%
9,074
$6,543,352,000 3.35%
Medpace Holdings Inc
Opened
16,053
$6,487,820,000 3.32%
Builders Firstsource Inc
Opened
30,258
$6,310,306,000 3.23%
Dream Finders Homes, Inc.
Opened
141,973
$6,208,479,000 3.18%
NVIDIA Corp
188.97%
6,785
$6,130,655,000 3.14%
Super Micro Computer Inc
Opened
5,954
$6,013,719,000 3.08%
KLA Corp.
7.39%
7,792
$5,443,257,000 2.79%
Lincoln Elec Hldgs Inc
8.36%
21,224
$5,421,459,000 2.78%
Murphy USA Inc
Opened
12,641
$5,299,107,000 2.71%
Caterpillar Inc.
1.25%
14,189
$5,199,275,000 2.66%
Novo-nordisk A S
43.83%
40,309
$5,175,676,000 2.65%
Atkore Inc
Opened
27,027
$5,144,860,000 2.63%
Booking Holdings Inc
Opened
1,412
$5,122,567,000 2.62%
Red Rock Resorts Inc
Opened
84,938
$5,080,991,000 2.60%
Mckesson Corporation
15.14%
9,223
$4,951,368,000 2.53%
NRG Energy Inc.
18.29%
62,044
$4,199,758,000 2.15%
Abrdn Precious Metals Basket
0.64%
42,732
$4,080,906,000 2.09%
Gartner, Inc.
Closed
11,719
$3,939,225,000
Ulta Beauty Inc
6.89%
7,477
$3,909,574,000 2.00%
Steel Dynamics Inc.
Closed
39,374
$3,846,840,000
Spdr S&p 500 Etf Tr
Closed
9,777
$3,739,018,000
Wesco International, Inc.
Closed
29,705
$3,719,066,000
TFI International Inc
Closed
37,065
$3,715,396,000
Merck & Co Inc
Closed
32,788
$3,637,829,000
Hess Midstream LP
Opened
96,099
$3,472,057,000 1.78%
Jabil Inc
Closed
49,749
$3,392,882,000
Extra Space Storage Inc.
Opened
22,603
$3,322,641,000 1.70%
Sysco Corp.
Closed
42,209
$3,226,878,000
Deere & Co.
Closed
7,477
$3,205,839,000
National Storage Affiliates
20.41%
78,932
$3,090,977,000 1.58%
Grainger W W Inc
26.70%
2,954
$3,005,104,000 1.54%
UDR Inc
Opened
80,033
$2,994,035,000 1.53%
American Tower Corp.
Opened
15,099
$2,983,411,000 1.53%
United Nat Foods Inc
Closed
76,585
$2,964,605,000
Bjs Whsl Club Hldgs Inc
Closed
44,760
$2,961,322,000
Crown Castle Inc
52.15%
27,120
$2,870,110,000 1.47%
Delek Logistics Partners LP
Opened
69,389
$2,844,255,000 1.46%
Oracle Corp.
20.74%
22,340
$2,806,127,000 1.44%
Broadcom Inc.
51.45%
2,108
$2,793,964,000 1.43%
NextEra Energy Partners LP
179.48%
92,509
$2,782,671,000 1.42%
Elevance Health Inc
Opened
5,201
$2,696,927,000 1.38%
Clearway Energy, Inc.
Opened
116,575
$2,687,054,000 1.38%
Honeywell International Inc
20.85%
13,019
$2,672,150,000 1.37%
Blackrock Inc.
0.06%
3,142
$2,619,485,000 1.34%
Broadridge Finl Solutions In
Opened
12,603
$2,581,851,000 1.32%
Snap-on, Inc.
Opened
8,660
$2,565,265,000 1.31%
Ameriprise Finl Inc
20.74%
5,806
$2,545,583,000 1.30%
Eaton Corp Plc
42.83%
7,992
$2,498,939,000 1.28%
Lockheed Martin Corp.
21.72%
5,447
$2,477,677,000 1.27%
Analog Devices Inc.
7.34%
12,488
$2,470,002,000 1.26%
Parker-Hannifin Corp.
42.15%
4,436
$2,465,484,000 1.26%
Evergy Inc
Closed
39,125
$2,462,136,000
Getty Rlty Corp New
Closed
72,495
$2,453,956,000
Lamar Advertising Co
Closed
25,772
$2,432,877,000
Accenture Plc Ireland
4.11%
6,928
$2,401,314,000 1.23%
Life Storage Inc
Closed
23,885
$2,352,673,000
CareTrust REIT Inc
Closed
126,385
$2,348,233,000
Johnson & Johnson
Closed
13,063
$2,307,579,000
Air Prods & Chems Inc
Closed
7,221
$2,225,945,000
Bristol-Myers Squibb Co.
Closed
30,890
$2,222,536,000
Exxon Mobil Corp.
5.66%
13,250
$1,540,180,000 0.79%
Select Sector Spdr Tr
Opened
16,015
$1,511,976,000 0.77%
Chevron Corp.
16.56%
8,995
$1,418,871,000 0.73%
Hess Corporation
4.63%
9,270
$1,414,973,000 0.72%
Rio Tinto plc
2.31%
17,963
$1,144,962,000 0.59%
Bhp Group Ltd
4.87%
19,720
$1,137,647,000 0.58%
Stride Inc
Opened
14,560
$918,008,000 0.47%
Teekay Tankers Ltd
Opened
14,805
$864,760,000 0.44%
Lamb Weston Holdings Inc
Opened
7,400
$788,322,000 0.40%
Innovator ETFs Trust
Opened
46,983
$1,848,579,000 0.95%
Amazon.com Inc.
Closed
8,040
$675,360,000
Ishares Tr
Closed
3,300
$575,388,000
Axcelis Technologies Inc
91.47%
4,700
$524,144,000 0.27%
Apple Inc
95.41%
1,884
$323,068,000 0.17%
Netflix Inc.
Closed
1,000
$294,880,000
No transactions found
Showing first 500 out of 78 holdings