Beta Wealth 13F annual report
Beta Wealth is an investment fund managing more than $211 billion ran by Romy Brown. There are currently 87 companies in Mrs. Brown’s portfolio. The largest investments include Fidelity Merrimack Str Tr and J P Morgan Exchange Traded F, together worth $30.3 billion.
$211 billion Assets Under Management (AUM)
As of 5th August 2024, Beta Wealth’s top holding is 430,612 shares of Fidelity Merrimack Str Tr currently worth over $19.3 billion and making up 9.2% of the portfolio value.
In addition, the fund holds 216,666 shares of J P Morgan Exchange Traded F worth $10.9 billion.
The third-largest holding is J P Morgan Exchange Traded F worth $20.7 billion and the next is Spdr Ser Tr worth $12.3 billion, with 216,921 shares owned.
Currently, Beta Wealth's portfolio is worth at least $211 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 Beta Wealth
The Beta Wealth office and employees reside in San Diego, California. According to the last 13-F report filed with the SEC, Romy Brown serves as the Chief Operations and Compliance Officer at Beta Wealth.
Recent trades
In the most recent 13F filing, Beta Wealth revealed that it had opened a new position in
J P Morgan Exchange Traded F and bought 216,666 shares worth $10.9 billion.
The investment fund also strengthened its position in Fidelity Merrimack Str Tr by buying
130,318 additional shares.
This makes their stake in Fidelity Merrimack Str Tr total 430,612 shares worth $19.3 billion.
On the other hand, there are companies that Beta Wealth is getting rid of from its portfolio.
Beta Wealth closed its position in Pepsico Inc on 12th August 2024.
It sold the previously owned 20,088 shares for $3.4 billion.
Romy Brown also disclosed a decreased stake in Spdr Ser Tr by approximately 0.1%.
This leaves the value of the investment at $12.3 billion and 216,921 shares.
One of the smallest hedge funds
The two most similar investment funds to Beta Wealth are Unique Wealth Strategies and Nwk. They manage $211 billion and $211 billion respectively.
Romy Brown investment strategy
Beta Wealth’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 10.0% of
the total portfolio value.
The fund focuses on investments in the United States as
46.0% 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 2.3% of the portfolio.
The average market cap of the portfolio companies is close to $274 billion.
The complete list of Beta Wealth trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| Fidelity Merrimack Str Tr |
43.40%
430,612
|
$19,347,379,000 | 9.17% |
| J P Morgan Exchange Traded F |
Opened
216,666
|
$10,914,545,000 | 5.17% |
| J P Morgan Exchange Traded F |
50.66%
380,244
|
$20,669,667,000 | 9.80% |
| Spdr Ser Tr |
0.85%
216,921
|
$12,326,642,000 | 5.84% |
| Microsoft Corporation |
11.64%
18,256
|
$8,159,726,000 | 3.87% |
| Blackrock Etf Trust Ii |
15.11%
219,543
|
$9,067,605,000 | 4.30% |
| Amazon.com Inc. |
16.74%
37,109
|
$7,171,314,000 | 3.40% |
| Vanguard World Fd |
104.81%
26,678
|
$6,617,791,000 | 3.14% |
| Blackstone Inc |
17.56%
48,266
|
$5,975,348,000 | 2.83% |
| Disney Walt Co |
9.17%
52,986
|
$5,260,966,000 | 2.49% |
| Capital Grp Fixed Incm Etf T |
Opened
188,232
|
$4,846,045,000 | 2.30% |
| Dbx Etf Tr |
24.11%
196,297
|
$4,785,709,000 | 2.27% |
| Apple Inc |
23.18%
21,840
|
$4,599,906,000 | 2.18% |
| VanEck ETF Trust |
53.99%
64,219
|
$4,503,054,000 | 2.13% |
| Dimensional Etf Trust |
Opened
94,049
|
$4,420,289,000 | 2.10% |
| Pimco Etf Tr |
Opened
156,745
|
$4,018,941,000 | 1.91% |
| Pimco Dynamic Income Fd |
153.96%
200,112
|
$3,764,098,000 | 1.78% |
| Mondelez International Inc. |
6.00%
54,171
|
$3,544,946,000 | 1.68% |
| Pepsico Inc |
Closed
20,088
|
$3,403,740,000 | |
| Ishares Tr |
35.21%
109,565
|
$5,441,051,000 | 2.58% |
| Ssga Active Etf Tr |
20.73%
77,006
|
$3,218,833,000 | 1.53% |
| Alphabet Inc |
25.93%
17,500
|
$3,209,926,000 | 1.52% |
| Waste Mgmt Inc Del |
7.44%
14,225
|
$3,034,788,000 | 1.44% |
| Vanguard Scottsdale Fds |
149.39%
51,051
|
$2,944,594,000 | 1.40% |
| Ishares Inc |
Opened
76,525
|
$2,738,505,000 | 1.30% |
| Vanguard Whitehall Fds |
28.63%
42,877
|
$2,976,318,000 | 1.41% |
| CVS Health Corp |
551.39%
45,610
|
$2,693,707,000 | 1.28% |
| Pimco Etf Tr |
16.68%
49,187
|
$2,560,684,000 | 1.21% |
| Home Depot, Inc. |
28.13%
7,306
|
$2,514,860,000 | 1.19% |
| Vanguard Mun Bd Fds |
58.40%
39,003
|
$1,954,456,000 | 0.93% |
| Ishares Tr |
Closed
92,646
|
$3,529,189,000 | |
| ServiceNow Inc |
13.94%
2,338
|
$1,839,234,000 | 0.87% |
| Ssga Active Tr |
73.69%
65,097
|
$1,785,616,000 | 0.85% |
| Dimensional Etf Trust |
1.91%
116,357
|
$4,188,635,000 | 1.99% |
| Qualcomm, Inc. |
2.94%
8,289
|
$1,650,928,000 | 0.78% |
| Spdr Sp 500 Etf Tr |
265.77%
2,992
|
$1,628,400,000 | 0.77% |
| Activision Blizzard Inc |
Closed
16,629
|
$1,556,934,000 | |
| NVIDIA Corp |
2,273.33%
11,392
|
$1,407,414,000 | 0.67% |
| Invesco Exch Traded Fd Tr Ii |
Opened
43,993
|
$1,054,067,000 | 0.50% |
| Ark Etf Tr |
Opened
33,153
|
$923,643,000 | 0.44% |
| Invesco Exch Traded Fd Tr Ii |
53.22%
99,463
|
$1,350,142,000 | 0.64% |
| Pimco Mun Income Fd Iii |
Opened
111,764
|
$880,700,000 | 0.42% |
| Oracle Corp. |
32.67%
6,104
|
$861,931,000 | 0.41% |
| American Centy Etf Tr |
11.38%
9,016
|
$808,916,000 | 0.38% |
| Advanced Micro Devices Inc. |
18.97%
4,700
|
$762,387,000 | 0.36% |
| Costco Whsl Corp New |
3.61%
882
|
$749,544,000 | 0.36% |
| Micron Technology Inc. |
20.27%
5,502
|
$723,643,000 | 0.34% |
| Applied Matls Inc |
Closed
5,200
|
$720,031,000 | |
| Pimco Mun Income Fd Ii |
79.05%
76,754
|
$654,714,000 | 0.31% |
| Exxon Mobil Corp. |
3.91%
5,611
|
$645,915,000 | 0.31% |
| Morgan Stanley |
10.42%
6,519
|
$633,595,000 | 0.30% |
| Tjx Cos Inc New |
3.34%
5,704
|
$628,044,000 | 0.30% |
| Listed Fd Tr |
26.38%
20,449
|
$621,802,000 | 0.29% |
| Merck Co Inc |
15.93%
4,709
|
$582,929,000 | 0.28% |
| Microchip Technology, Inc. |
4.42%
6,311
|
$577,472,000 | 0.27% |
| Western Digital Corp. |
4.11%
7,600
|
$575,852,000 | 0.27% |
| Pimco Etf Tr |
Closed
6,309
|
$569,703,000 | |
| Abbott Labs |
5.34%
5,301
|
$550,894,000 | 0.26% |
| Walmart Inc |
102.74%
7,909
|
$535,497,000 | 0.25% |
| The Southern Co. |
17.42%
6,816
|
$528,683,000 | 0.25% |
| Citigroup Inc |
20.72%
8,215
|
$521,316,000 | 0.25% |
| Medtronic Plc |
12.05%
6,612
|
$520,450,000 | 0.25% |
| DuPont de Nemours Inc |
13.33%
6,009
|
$483,635,000 | 0.23% |
| Wells Fargo Co New |
11.83%
8,116
|
$482,012,000 | 0.23% |
| D.R. Horton Inc. |
14.98%
3,401
|
$479,333,000 | 0.23% |
| RTX Corp |
17.41%
4,710
|
$472,840,000 | 0.22% |
| Schwab Charles Corp |
Opened
6,402
|
$471,745,000 | 0.22% |
| Coca-Cola Co |
5.80%
7,408
|
$471,507,000 | 0.22% |
| Emerson Elec Co |
12.55%
4,112
|
$453,029,000 | 0.21% |
| Nike, Inc. |
34.16%
5,903
|
$444,937,000 | 0.21% |
| KLA Corp. |
7.13%
534
|
$440,288,000 | 0.21% |
| PayPal Holdings Inc |
75.63%
7,400
|
$429,422,000 | 0.20% |
| Cisco Sys Inc |
2.49%
8,712
|
$413,926,000 | 0.20% |
| Marathon Pete Corp |
Closed
2,702
|
$408,845,000 | |
| Electronic Arts, Inc. |
46.13%
2,801
|
$390,281,000 | 0.18% |
| Delta Air Lines, Inc. |
1.33%
8,106
|
$384,531,000 | 0.18% |
| Synopsys, Inc. |
Closed
726
|
$333,212,000 | |
| ON Semiconductor Corp. |
Closed
3,490
|
$324,396,000 | |
| Alphabet Inc |
Opened
1,640
|
$298,796,000 | 0.14% |
| Bristol-Myers Squibb Co. |
14.66%
7,111
|
$295,351,000 | 0.14% |
| Verizon Communications Inc |
91.72%
7,130
|
$294,021,000 | 0.14% |
| Valero Energy Corp. |
Opened
1,801
|
$282,385,000 | 0.13% |
| Bank America Corp |
33.29%
7,010
|
$280,816,000 | 0.13% |
| Guidewire Software Inc |
Opened
2,000
|
$275,780,000 | 0.13% |
| Exelon Corp. |
Closed
6,505
|
$245,840,000 | |
| Agilent Technologies Inc. |
Opened
1,889
|
$244,936,000 | 0.12% |
| General Dynamics Corp. |
Opened
802
|
$232,692,000 | 0.11% |
| Axonics Inc |
Closed
3,875
|
$217,465,000 | |
| First Tr Exchange-traded Fd |
27.32%
7,077
|
$215,567,000 | 0.10% |
| Ishares Tr |
Opened
3,119
|
$210,726,000 | 0.10% |
| Meta Platforms Inc |
Opened
417
|
$210,388,000 | 0.10% |
| Visa Inc |
Opened
794
|
$208,284,000 | 0.10% |
| Ssga Active Tr |
Opened
6,945
|
$206,371,000 | 0.10% |
| Spdr Index Shs Fds |
34.48%
5,934
|
$204,305,000 | 0.10% |
| Pimco Calif Mun Income Fd |
Opened
15,409
|
$145,153,000 | 0.07% |
| Gilead Sciences, Inc. |
4.89%
6,719
|
$46,971,000 | 0.02% |
| Milestone Pharmaceuticals In |
No change
14,127
|
$18,648,000 | 0.01% |
| KULR Technology Group, Inc. |
Closed
51,644
|
$18,535,000 | |
| Oncternal Therapeutics, Inc. |
Closed
32,000
|
$9,600,000 | |
| No transactions found | |||
| Showing first 500 out of 99 holdings | |||
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