Marks Wealth 13F annual report
Marks Wealth is an investment fund managing more than $227 billion ran by Charles Marks. There are currently 14 companies in Mr. Marks’s portfolio. The largest investments include J P Morgan Exchange Traded F and Select Sector Spdr Tr, together worth $131 billion.
$227 billion Assets Under Management (AUM)
As of 17th July 2024, Marks Wealth’s top holding is 1,606,692 shares of J P Morgan Exchange Traded F currently worth over $89.2 billion and making up 39.4% of the portfolio value.
In addition, the fund holds 489,960 shares of Select Sector Spdr Tr worth $42 billion.
The third-largest holding is VanEck ETF Trust worth $36.6 billion and the next is Select Sector Spdr Tr worth $15.8 billion, with 69,622 shares owned.
Currently, Marks Wealth's portfolio is worth at least $227 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 Marks Wealth
The Marks Wealth office and employees reside in Annapolis, Maryland. According to the last 13-F report filed with the SEC, Charles Marks serves as the CEO/Managing Director/CCO at Marks Wealth.
Recent trades
In the most recent 13F filing, Marks Wealth revealed that it had opened a new position in
VanEck ETF Trust and bought 140,537 shares worth $36.6 billion.
This means they effectively own approximately 0.1% of the company.
VanEck ETF Trust makes up
98.8%
of the fund's Miscellaneous sector allocation and has grown its share price by 18.3% in the past year.
The investment fund also strengthened its position in Select Sector Spdr Tr by buying
153,955 additional shares.
This makes their stake in Select Sector Spdr Tr total 489,960 shares worth $42 billion.
On the other hand, there are companies that Marks Wealth is getting rid of from its portfolio.
Marks Wealth closed its position in J P Morgan Exchange Traded F on 24th July 2024.
It sold the previously owned 724,421 shares for $41.9 billion.
Charles Marks also disclosed a decreased stake in J P Morgan Exchange Traded F by 0.3%.
This leaves the value of the investment at $89.2 billion and 1,606,692 shares.
One of the smallest hedge funds
The two most similar investment funds to Marks Wealth are Pcg Wealth Advisors and Henrickson Nauta Wealth Advisors. They manage $227 billion and $227 billion respectively.
Charles Marks investment strategy
Marks Wealth’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Miscellaneous — making up 16.4% of
the total portfolio value.
The fund focuses on investments in the United States as
42.9% 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
43% of the total holdings value.
On the other hand, small-cap stocks make up 14.3% of the portfolio.
The average market cap of the portfolio companies is close to $388 billion.
The complete list of Marks Wealth trades based on 13F SEC filings
These positions were updated on July 24th 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 |
|---|---|---|---|
| J P Morgan Exchange Traded F |
25.77%
1,606,692
|
$89,171,422,000 | 39.35% |
| Select Sector Spdr Tr |
45.82%
489,960
|
$41,969,974,000 | 18.52% |
| J P Morgan Exchange Traded F |
Closed
724,421
|
$41,914,999,000 | |
| VanEck ETF Trust |
Opened
140,537
|
$36,637,996,000 | 16.17% |
| Spdr Ser Tr |
Closed
126,881
|
$19,657,673,000 | |
| Etf Ser Solutions |
Closed
756,387
|
$15,891,691,000 | |
| Select Sector Spdr Tr |
Opened
69,622
|
$15,750,585,000 | 6.95% |
| VanEck ETF Trust |
Closed
452,118
|
$14,295,971,000 | |
| Select Sector Spdr Tr |
Closed
149,627
|
$13,898,852,000 | |
| Ishares Tr |
Opened
283,906
|
$27,524,661,000 | 12.15% |
| First Tr Exchange Traded Fd |
Opened
201,665
|
$11,377,939,000 | 5.02% |
| Invesco Actvely Mngd Etc Fd |
Closed
792,036
|
$10,985,539,000 | |
| Microsoft Corporation |
Opened
2,702
|
$1,207,659,000 | 0.53% |
| Procter And Gamble Co |
No change
6,222
|
$1,026,132,000 | 0.45% |
| Becton Dickinson & Co. |
No change
2,076
|
$485,182,000 | 0.21% |
| VanEck ETF Trust |
No change
1,412
|
$446,446,000 | 0.20% |
| Meta Platforms Inc |
Opened
600
|
$302,532,000 | 0.13% |
| Amazon.com Inc. |
13.11%
1,380
|
$266,685,000 | 0.12% |
| Exxon Mobil Corp. |
No change
2,058
|
$236,917,000 | 0.10% |
| Prosperity Bancshares Inc. |
Closed
3,326
|
$218,788,000 | |
| PayPal Holdings Inc |
Closed
3,140
|
$210,349,000 | |
| Netflix Inc. |
Opened
306
|
$206,513,000 | 0.09% |
| Marriott Intl Inc New |
Closed
818
|
$206,390,000 | |
| No transactions found | |||
| Showing first 500 out of 23 holdings | |||
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