Ridgecrest Wealth Partners 13F annual report
Ridgecrest Wealth Partners is an investment fund managing more than $164 billion ran by Michelle Eldridge. There are currently 94 companies in Mrs. Eldridge’s portfolio. The largest investments include Apple Inc and Ishares Tr, together worth $51.9 billion.
$164 billion Assets Under Management (AUM)
As of 29th July 2024, Ridgecrest Wealth Partners’s top holding is 104,573 shares of Apple Inc currently worth over $22 billion and making up 13.4% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Ridgecrest Wealth Partners owns more than approximately 0.1% of the company.
In addition, the fund holds 343,693 shares of Ishares Tr worth $29.9 billion.
The third-largest holding is Alphabet Inc worth $17.4 billion and the next is Microsoft worth $6.98 billion, with 15,608 shares owned.
Currently, Ridgecrest Wealth Partners's portfolio is worth at least $164 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 Ridgecrest Wealth Partners
The Ridgecrest Wealth Partners office and employees reside in Mill Valley, California. According to the last 13-F report filed with the SEC, Michelle Eldridge serves as the SR. COMPLIANCE OFFICIER at Ridgecrest Wealth Partners.
Recent trades
In the most recent 13F filing, Ridgecrest Wealth Partners revealed that it had opened a new position in
Philip Morris International Inc and bought 5,651 shares worth $573 million.
This means they effectively own approximately 0.1% of the company.
Philip Morris International Inc makes up
11.9%
of the fund's Consumer Staples sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Apple Inc by buying
706 additional shares.
This makes their stake in Apple Inc total 104,573 shares worth $22 billion.
Apple Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Ridgecrest Wealth Partners is getting rid of from its portfolio.
Ridgecrest Wealth Partners closed its position in Broadcom on 5th August 2024.
It sold the previously owned 3,110 shares for $4.12 billion.
Michelle Eldridge also disclosed a decreased stake in Alphabet Inc by approximately 0.1%.
This leaves the value of the investment at $17.4 billion and 95,316 shares.
One of the smallest hedge funds
The two most similar investment funds to Ridgecrest Wealth Partners are Patron Partners and Delaney Dennis R. They manage $164 billion and $164 billion respectively.
Michelle Eldridge investment strategy
Ridgecrest Wealth Partners’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 19.0% of
the total portfolio value.
The fund focuses on investments in the United States as
53.2% 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
51% 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 $265 billion.
The complete list of Ridgecrest Wealth Partners trades based on 13F SEC filings
These positions were updated on August 5th 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 |
0.68%
104,573
|
$22,025,251,000 | 13.41% |
| Ishares Tr |
1.26%
343,693
|
$29,903,437,000 | 18.21% |
| Alphabet Inc |
1.76%
95,316
|
$17,390,948,000 | 10.59% |
| Microsoft Corporation |
2.81%
15,608
|
$6,975,852,000 | 4.25% |
| Vanguard Index Fds |
2.43%
17,684
|
$7,842,839,000 | 4.77% |
| Chevron Corp. |
3.07%
34,915
|
$5,461,404,000 | 3.32% |
| Procter And Gamble Co |
0.83%
32,594
|
$5,375,402,000 | 3.27% |
| Vanguard Specialized Funds |
5.78%
28,056
|
$5,121,625,000 | 3.12% |
| Spdr Sp 500 Etf Tr |
No change
7,965
|
$4,334,771,000 | 2.64% |
| Broadcom Inc. |
Closed
3,110
|
$4,122,025,000 | |
| Sp Global Inc |
0.06%
5,142
|
$2,293,332,000 | 1.40% |
| NVIDIA Corp |
150.65%
18,395
|
$2,272,467,000 | 1.38% |
| Johnson Johnson |
0.37%
14,327
|
$2,094,034,000 | 1.27% |
| Brunswick Corp. |
No change
27,318
|
$1,987,931,000 | 1.21% |
| Coca-Cola Co |
0.84%
29,528
|
$1,879,457,000 | 1.14% |
| Starbucks Corp. |
0.06%
23,872
|
$1,858,470,000 | 1.13% |
| Exxon Mobil Corp. |
0.29%
16,116
|
$1,855,274,000 | 1.13% |
| Jpmorgan Chase Co. |
0.28%
9,027
|
$1,825,820,000 | 1.11% |
| International Business Machs |
No change
9,426
|
$1,630,227,000 | 0.99% |
| Amazon.com Inc. |
0.25%
7,774
|
$1,502,290,000 | 0.91% |
| Merck Co Inc |
No change
11,272
|
$1,395,474,000 | 0.85% |
| Texas Pacific Land Corporati |
Closed
2,394
|
$1,384,953,000 | |
| Applied Matls Inc |
No change
5,615
|
$1,325,084,000 | 0.81% |
| Abbvie Inc |
0.44%
7,705
|
$1,321,502,000 | 0.80% |
| AMGEN Inc. |
0.96%
4,143
|
$1,294,480,000 | 0.79% |
| Cisco Sys Inc |
0.77%
26,640
|
$1,265,682,000 | 0.77% |
| Union Pac Corp |
0.19%
5,261
|
$1,190,354,000 | 0.72% |
| Costco Whsl Corp New |
1.89%
1,349
|
$1,146,242,000 | 0.70% |
| Oracle Corp. |
0.64%
7,713
|
$1,089,078,000 | 0.66% |
| Pfizer Inc. |
15.24%
38,577
|
$1,079,384,000 | 0.66% |
| Vanguard Whitehall Fds |
18.40%
8,430
|
$999,798,000 | 0.61% |
| Home Depot, Inc. |
0.04%
2,634
|
$906,672,000 | 0.55% |
| Wells Fargo Co New |
0.33%
15,018
|
$891,919,000 | 0.54% |
| Verizon Communications Inc |
6.60%
21,286
|
$877,843,000 | 0.53% |
| Norfolk Southn Corp |
No change
4,060
|
$871,592,000 | 0.53% |
| Sunrun Inc |
No change
72,071
|
$854,762,000 | 0.52% |
| Meta Platforms Inc |
0.37%
1,604
|
$808,945,000 | 0.49% |
| Eli Lilly Co |
No change
856
|
$775,005,000 | 0.47% |
| Disney Walt Co |
0.10%
7,784
|
$772,852,000 | 0.47% |
| Adobe Inc |
0.50%
1,389
|
$771,645,000 | 0.47% |
| Tesla Inc |
No change
3,890
|
$769,765,000 | 0.47% |
| Mckesson Corporation |
No change
1,246
|
$727,714,000 | 0.44% |
| Abbott Labs |
No change
6,843
|
$711,056,000 | 0.43% |
| Spdr Gold Tr |
No change
3,194
|
$686,742,000 | 0.42% |
| Caterpillar Inc. |
No change
1,975
|
$657,873,000 | 0.40% |
| Mcdonalds Corp |
No change
2,435
|
$620,535,000 | 0.38% |
| Intel Corp. |
0.75%
19,581
|
$606,428,000 | 0.37% |
| Philip Morris International Inc |
Opened
5,651
|
$572,616,000 | 0.35% |
| Walmart Inc |
No change
8,417
|
$569,915,000 | 0.35% |
| Pepsico Inc |
No change
3,232
|
$533,054,000 | 0.32% |
| Schwab Strategic Tr |
33.90%
6,813
|
$529,807,000 | 0.32% |
| Qualcomm, Inc. |
64.24%
2,636
|
$525,089,000 | 0.32% |
| American Express Co. |
No change
2,213
|
$512,420,000 | 0.31% |
| Netflix Inc. |
No change
735
|
$495,774,000 | 0.30% |
| Honeywell International Inc |
No change
2,293
|
$489,647,000 | 0.30% |
| Bank America Corp |
No change
11,797
|
$469,167,000 | 0.29% |
| Kimberly-Clark Corp. |
2.48%
3,269
|
$451,776,000 | 0.28% |
| Unitedhealth Group Inc |
0.45%
879
|
$447,767,000 | 0.27% |
| Clorox Co. |
0.22%
3,204
|
$437,250,000 | 0.27% |
| Mondelez International Inc. |
63.99%
6,558
|
$429,156,000 | 0.26% |
| Berkshire Hathaway Inc. |
No change
1,044
|
$424,699,000 | 0.26% |
| Schwab Charles Corp |
0.40%
5,718
|
$421,359,000 | 0.26% |
| Travelers Companies Inc. |
0.05%
2,065
|
$419,897,000 | 0.26% |
| Spdr Dow Jones Indl Average |
No change
1,040
|
$406,775,000 | 0.25% |
| Direxion Shs Etf Tr |
Closed
17,780
|
$403,073,000 | |
| Bristol-Myers Squibb Co. |
No change
9,675
|
$401,803,000 | 0.24% |
| NextEra Energy Inc |
No change
4,996
|
$353,767,000 | 0.22% |
| Elevance Health Inc |
No change
640
|
$346,790,000 | 0.21% |
| Spdr Ser Tr |
No change
2,724
|
$346,438,000 | 0.21% |
| Blackstone Inc |
No change
2,750
|
$340,450,000 | 0.21% |
| Eaton Corp Plc |
No change
1,078
|
$338,007,000 | 0.21% |
| Waste Mgmt Inc Del |
No change
1,525
|
$325,344,000 | 0.20% |
| Comcast Corp New |
23.28%
8,218
|
$321,817,000 | 0.20% |
| Ford Mtr Co Del |
0.06%
25,427
|
$318,853,000 | 0.19% |
| Public Storage Oper Co |
No change
1,086
|
$312,388,000 | 0.19% |
| Gilead Sciences, Inc. |
No change
4,456
|
$305,743,000 | 0.19% |
| Advanced Micro Devices Inc. |
No change
1,858
|
$301,386,000 | 0.18% |
| Select Sector Spdr Tr |
1.56%
1,305
|
$295,230,000 | 0.18% |
| Synopsys, Inc. |
No change
496
|
$295,150,000 | 0.18% |
| Att Inc |
10.41%
15,331
|
$292,969,000 | 0.18% |
| Royal Caribbean Group |
Closed
2,000
|
$278,020,000 | |
| Invesco Exch Traded Fd Tr Ii |
1.48%
1,374
|
$270,829,000 | 0.16% |
| Lockheed Martin Corp. |
0.18%
561
|
$262,043,000 | 0.16% |
| Altria Group Inc. |
Opened
5,651
|
$257,403,000 | 0.16% |
| Fortune Brands Innovations I |
Closed
3,028
|
$256,381,000 | |
| Brown-Forman Corporation |
Closed
4,530
|
$233,839,000 | |
| Ametek Inc |
No change
1,350
|
$225,059,000 | 0.14% |
| Laboratory Corp Amer Hldgs |
Closed
1,000
|
$218,460,000 | |
| J P Morgan Exchange Traded F |
No change
3,900
|
$216,450,000 | 0.13% |
| 3M Co. |
Closed
2,017
|
$213,943,000 | |
| Dimensional Etf Trust |
No change
6,544
|
$210,979,000 | 0.13% |
| Tcw Etf Trust |
Opened
3,288
|
$209,051,000 | 0.13% |
| Kellanova Co |
No change
3,612
|
$208,340,000 | 0.13% |
| Nerdwallet Inc |
No change
14,218
|
$207,583,000 | 0.13% |
| Xylem Inc |
Opened
1,517
|
$205,751,000 | 0.13% |
| Labcorp Holdings Inc. |
Opened
1,000
|
$203,510,000 | 0.12% |
| Vanguard Index Fds |
Opened
543
|
$203,087,000 | 0.12% |
| Automatic Data Processing In |
Closed
810
|
$202,289,000 | |
| Motorola Solutions Inc |
Opened
524
|
$202,111,000 | 0.12% |
| Marathon Pete Corp |
Closed
1,000
|
$201,500,000 | |
| United Parcel Service, Inc. |
8.68%
1,463
|
$200,212,000 | 0.12% |
| Blackrock Enhanced Intl Div |
No change
10,000
|
$55,800,000 | 0.03% |
| Sirius XM Holdings Inc |
No change
12,000
|
$33,960,000 | 0.02% |
| Knightscope Inc |
No change
10,000
|
$3,069,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 104 holdings | |||
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