Draper Asset Management 13F annual report

Draper Asset Management is an investment fund managing more than $105 billion ran by Robert Draper. There are currently 23 companies in Mr. Draper’s portfolio. The largest investments include Apple Inc and Amazon.com, together worth $53.4 billion.

$105 billion Assets Under Management (AUM)

As of 5th February 2024, Draper Asset Management’s top holding is 171,888 shares of Apple Inc currently worth over $33.1 billion and making up 31.4% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Draper Asset Management owns more than approximately 0.1% of the company. In addition, the fund holds 133,405 shares of Amazon.com worth $20.3 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Alphabet Inc worth $14.2 billion and the next is NVIDIA Corp worth $9.85 billion, with 19,892 shares owned.

Currently, Draper Asset Management's portfolio is worth at least $105 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 Draper Asset Management

The Draper Asset Management office and employees reside in Smithtown, New York. According to the last 13-F report filed with the SEC, Robert Draper serves as the Managing Member and Chief Compliance Officer at Draper Asset Management.

Recent trades

In the most recent 13F filing, Draper Asset Management revealed that it had opened a new position in Vertex Pharmaceuticals and bought 5,576 shares worth $2.27 billion. This means they effectively own approximately 0.1% of the company. Vertex Pharmaceuticals makes up 65.9% 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 Alphabet Inc by buying 96,211 additional shares. This makes their stake in Alphabet Inc total 101,733 shares worth $14.2 billion. Alphabet Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Draper Asset Management is getting rid of from its portfolio. Draper Asset Management closed its position in Crowdstrike Inc on 12th February 2024. It sold the previously owned 9,766 shares for $1.65 million. Robert Draper also disclosed a decreased stake in Apple Inc by 0.2%. This leaves the value of the investment at $33.1 billion and 171,888 shares.

One of the smallest hedge funds

The two most similar investment funds to Draper Asset Management are Kolinsky Wealth Management and Nvest. They manage $105 billion and $105 billion respectively.

Robert Draper investment strategy

Draper Asset Management’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 59.7% of the total portfolio value. The fund focuses on investments in the United States as 69.6% 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 70% 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 $296 billion.

The complete list of Draper Asset Management trades based on 13F SEC filings

These positions were updated on February 12th 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
Apple Inc	16.33% 171,888	$33,093,635,000	31.41%
Amazon.com Inc.	12.19% 133,405	$20,269,486,000	19.24%
Alphabet Inc	1,742.32% 101,733	$14,231,097,000	13.51%
NVIDIA Corp	0.03% 19,892	$9,850,730,000	9.35%
Tesla Inc	167.67% 37,833	$9,400,622,000	8.92%
Uber Technologies Inc	2,031.70% 76,656	$4,719,698,000	4.48%
Eli Lilly & Co	61.86% 6,251	$3,643,858,000	3.46%
Vertex Pharmaceuticals, Inc.	Opened 5,576	$2,268,819,000	2.15%
Snowflake Inc.	43.91% 8,819	$1,754,955,000	1.67%
McCormick & Co., Inc.	12.40% 16,352	$1,118,779,000	1.06%
Costco Whsl Corp New	Opened 1,476	$974,212,000	0.92%
Airbnb, Inc.	Opened 5,379	$732,297,000	0.70%
CRISPR Therapeutics AG	12.78% 8,083	$505,982,000	0.48%
Take-two Interactive Softwar	Opened 2,859	$460,156,000	0.44%
Adobe Inc	Opened 697	$415,830,000	0.39%
On Hldg Ag	Opened 14,871	$401,071,000	0.38%
Bristol-Myers Squibb Co.	45.19% 7,021	$360,234,000	0.34%
Intuitive Surgical Inc	Opened 919	$310,034,000	0.29%
General Mls Inc	Opened 3,725	$242,645,000	0.23%
Coca-Cola Co	Opened 4,027	$237,333,000	0.23%
NextEra Energy Inc	Opened 3,664	$222,534,000	0.21%
Stellantis N.V	Opened 4,837	$112,799,000	0.11%
Peloton Interactive Inc	28.29% 6,350	$38,674,000	0.04%
Crowdstrike Holdings Inc	Closed 9,766	$1,646,000
Microsoft Corporation	Closed 6,200	$1,592,000
Zscaler Inc	Closed 7,043	$1,053,000
Acurx Pharmaceuticals Inc	Closed 266,025	$1,008,000
Okta Inc	Closed 9,113	$824,000
Cloudflare Inc	Closed 17,503	$766,000
Johnson & Johnson	Closed 2,357	$418,000
Vanguard Index Fds	Closed 1,155	$401,000
Carrier Global Corporation	Closed 9,581	$342,000
Palantir Technologies Inc.	Closed 35,900	$326,000
Meta Platforms Inc	Closed 1,862	$300,000
Moderna Inc	Closed 2,057	$294,000
Sturm, Ruger & Co., Inc.	Closed 3,864	$246,000
Smith & Wesson Brands, Inc.	Closed 18,727	$246,000
Hershey Company	Closed 1,110	$239,000
Horizon Therapeutics Pub L	Closed 2,672	$213,000
Invitae Corp	Closed 22,736	$55,000
Sphere 3D Corp	Closed 35,492	$19,000
Topgolf Callaway Brands Corp	Closed 7	$0
No transactions found
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