Outfitter Financial 13F annual report
Outfitter Financial is an investment fund managing more than $120 billion ran by David Kenkel. There are currently 73 companies in Mr. Kenkel’s portfolio. The largest investments include Enterprise Prods Partners L and Apple Inc, together worth $10.6 billion.
$120 billion Assets Under Management (AUM)
As of 23rd July 2024, Outfitter Financial’s top holding is 200,372 shares of Enterprise Prods Partners L currently worth over $5.81 billion and making up 4.9% of the portfolio value.
In addition, the fund holds 22,770 shares of Apple Inc worth $4.8 billion, whose value grew 19.3% in the past six months.
The third-largest holding is Applied Matls Inc worth $4.51 billion and the next is JPMorgan Chase & Co worth $4.04 billion, with 19,988 shares owned.
Currently, Outfitter Financial's portfolio is worth at least $120 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 Outfitter Financial
The Outfitter Financial office and employees reside in Brunswick, Maine. According to the last 13-F report filed with the SEC, David Kenkel serves as the Managing Member at Outfitter Financial.
Recent trades
In the most recent 13F filing, Outfitter Financial revealed that it had opened a new position in
Fifth Third Bancorp and bought 29,570 shares worth $1.08 billion.
This means they effectively own approximately 0.1% of the company.
Fifth Third Bancorp makes up
18.8%
of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Schwab Strategic Tr by buying
2,115 additional shares.
This makes their stake in Schwab Strategic Tr total 115,233 shares worth $6.52 billion.
On the other hand, there are companies that Outfitter Financial is getting rid of from its portfolio.
Outfitter Financial closed its position in Albertsons Cos Inc on 30th July 2024.
It sold the previously owned 65,788 shares for $1.5 billion.
David Kenkel also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $4.8 billion and 22,770 shares.
One of the smallest hedge funds
The two most similar investment funds to Outfitter Financial are Strategic Equity Management and Madison Park Capital Advisors. They manage $120 billion and $120 billion respectively.
David Kenkel investment strategy
Outfitter Financial’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 16.5% of
the total portfolio value.
The fund focuses on investments in the United States as
61.6% 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
56% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $186 billion.
The complete list of Outfitter Financial trades based on 13F SEC filings
These positions were updated on July 30th 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 |
|---|---|---|---|
| Enterprise Prods Partners L |
No change
200,372
|
$5,806,781,000 | 4.85% |
| Apple Inc |
3.80%
22,770
|
$4,795,817,000 | 4.01% |
| Applied Matls Inc |
6.19%
19,090
|
$4,505,049,000 | 3.76% |
| JPMorgan Chase & Co. |
8.95%
19,988
|
$4,042,773,000 | 3.38% |
| Meta Platforms Inc |
4.30%
7,570
|
$3,816,945,000 | 3.19% |
| Amazon.com Inc. |
1.14%
19,401
|
$3,749,243,000 | 3.13% |
| Alphabet Inc |
10.61%
29,025
|
$5,298,493,000 | 4.43% |
| nVent Electric plc |
5.25%
47,274
|
$3,621,661,000 | 3.03% |
| Schwab Strategic Tr |
1.87%
115,233
|
$6,524,507,000 | 5.45% |
| Waste Mgmt Inc Del |
10.49%
14,462
|
$3,085,323,000 | 2.58% |
| Vanguard Index Fds |
3.92%
11,533
|
$3,085,193,000 | 2.58% |
| Walmart Inc |
141.74%
45,555
|
$3,084,529,000 | 2.58% |
| Gladstone Invt Corp |
3.39%
207,520
|
$2,901,130,000 | 2.42% |
| Intuit Inc |
4.64%
3,802
|
$2,498,712,000 | 2.09% |
| Johnson & Johnson |
1.33%
16,632
|
$2,430,933,000 | 2.03% |
| Pepsico Inc |
0.78%
14,568
|
$2,402,700,000 | 2.01% |
| Boston Scientific Corp. |
7.60%
30,597
|
$2,356,275,000 | 1.97% |
| Energy Transfer L P |
No change
137,762
|
$2,234,500,000 | 1.87% |
| Cisco Sys Inc |
1.90%
44,761
|
$2,126,595,000 | 1.78% |
| Cigna Group (The) |
4.02%
5,965
|
$1,971,850,000 | 1.65% |
| Mcdonalds Corp |
1.16%
7,669
|
$1,954,368,000 | 1.63% |
| DuPont de Nemours Inc |
1.91%
22,139
|
$1,781,968,000 | 1.49% |
| Pentair plc |
1.84%
22,945
|
$1,759,193,000 | 1.47% |
| Conagra Brands Inc |
0.67%
59,235
|
$1,683,459,000 | 1.41% |
| CSX Corp. |
0.89%
50,280
|
$1,681,866,000 | 1.41% |
| Deere & Co. |
1.00%
4,450
|
$1,662,654,000 | 1.39% |
| Toll Brothers Inc. |
12.07%
14,310
|
$1,648,226,000 | 1.38% |
| Albertsons Cos Inc |
Closed
65,788
|
$1,496,677,000 | |
| Dropbox Inc |
0.55%
65,575
|
$1,473,470,000 | 1.23% |
| Hess Corporation |
2.33%
9,660
|
$1,425,043,000 | 1.19% |
| Gilead Sciences, Inc. |
Closed
18,478
|
$1,384,741,000 | |
| Dow Inc |
1.82%
25,074
|
$1,330,176,000 | 1.11% |
| Lululemon Athletica inc. |
3.08%
4,355
|
$1,300,839,000 | 1.09% |
| International Paper Co. |
4.41%
28,700
|
$1,238,405,000 | 1.03% |
| Berry Global Group Inc |
2.81%
20,869
|
$1,228,141,000 | 1.03% |
| MPLX LP |
No change
27,972
|
$1,191,327,000 | 1.00% |
| Anheuser-Busch InBev SA/NV |
6.50%
20,470
|
$1,190,331,000 | 0.99% |
| American Eagle Outfitters In |
2.70%
58,820
|
$1,174,047,000 | 0.98% |
| Novo-nordisk A S |
11.11%
8,000
|
$1,141,920,000 | 0.95% |
| Medtronic Plc |
14.71%
13,923
|
$1,095,879,000 | 0.92% |
| Fifth Third Bancorp |
Opened
29,570
|
$1,079,009,000 | 0.90% |
| Primis Financial Corp |
4.64%
102,705
|
$1,076,348,000 | 0.90% |
| Duke Energy Corp. |
Opened
9,500
|
$952,185,000 | 0.80% |
| General Dynamics Corp. |
Opened
3,225
|
$935,702,000 | 0.78% |
| RTX Corp |
2.05%
9,295
|
$933,125,000 | 0.78% |
| Utz Brands, Inc. |
9.12%
53,735
|
$894,150,000 | 0.75% |
| Moderna Inc |
Opened
7,210
|
$856,188,000 | 0.72% |
| Williams Cos Inc |
No change
20,000
|
$850,000,000 | 0.71% |
| AeroVironment Inc. |
Opened
4,395
|
$800,593,000 | 0.67% |
| Permian Resources Corp |
Opened
49,124
|
$793,353,000 | 0.66% |
| Disney Walt Co |
34.69%
7,955
|
$789,852,000 | 0.66% |
| Sociedad Quimica Y Minera De |
31.24%
18,255
|
$743,891,000 | 0.62% |
| Adobe Inc |
3.27%
1,330
|
$738,868,000 | 0.62% |
| Atlas Energy Solutions Inc |
Opened
36,490
|
$727,246,000 | 0.61% |
| TEGNA Inc |
Closed
46,850
|
$682,605,000 | |
| Earthstone Energy Inc |
Closed
33,175
|
$671,462,000 | |
| Atlas Energy Solutions Inc |
Closed
30,140
|
$670,012,000 | |
| TotalEnergies SE |
No change
10,000
|
$666,800,000 | 0.56% |
| Pure Storage Inc |
Opened
10,350
|
$664,574,000 | 0.56% |
| American Tower Corp. |
Opened
3,350
|
$651,173,000 | 0.54% |
| Chevron Corp. |
17.83%
4,148
|
$648,830,000 | 0.54% |
| Zimmer Biomet Holdings Inc |
Opened
5,730
|
$621,877,000 | 0.52% |
| American Express Co. |
Opened
2,625
|
$607,819,000 | 0.51% |
| Eaton Corp Plc |
55.29%
1,900
|
$595,745,000 | 0.50% |
| Truist Finl Corp |
64.77%
15,077
|
$585,741,000 | 0.49% |
| International Business Machs |
Opened
3,342
|
$577,999,000 | 0.48% |
| Pacira BioSciences Inc |
37.50%
20,190
|
$577,636,000 | 0.48% |
| Phillips 66 |
27.27%
4,000
|
$564,680,000 | 0.47% |
| Snowflake Inc. |
Opened
4,090
|
$552,518,000 | 0.46% |
| Quad / Graphics Inc |
Closed
107,570
|
$541,077,000 | |
| Enbridge Inc |
6.86%
14,943
|
$531,821,000 | 0.44% |
| Halliburton Co. |
24.88%
15,550
|
$525,279,000 | 0.44% |
| Verizon Communications Inc |
50.96%
12,731
|
$525,026,000 | 0.44% |
| Splunk Inc |
Closed
3,488
|
$510,120,000 | |
| Elme Communities |
Closed
36,518
|
$498,106,000 | |
| Advanced Micro Devices Inc. |
Opened
2,895
|
$469,598,000 | 0.39% |
| Dominion Energy Inc |
39.17%
9,030
|
$442,470,000 | 0.37% |
| Microsoft Corporation |
14.16%
952
|
$425,496,000 | 0.36% |
| Sweetgreen, Inc. |
Closed
33,955
|
$398,971,000 | |
| Comstock Res Inc |
10.65%
36,150
|
$375,237,000 | 0.31% |
| Freeport-McMoRan Inc |
Closed
10,000
|
$372,900,000 | |
| Cboe Global Mkts Inc |
51.40%
2,165
|
$368,180,000 | 0.31% |
| Emerson Elec Co |
Closed
3,225
|
$311,438,000 | |
| NVIDIA Corp |
Opened
1,955
|
$241,521,000 | 0.20% |
| White Mtns Ins Group Ltd |
Closed
150
|
$224,354,000 | |
| Edible Garden Ag Inc |
Closed
26,200
|
$19,488,000 | |
| No transactions found | |||
| Showing first 500 out of 86 holdings | |||
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