Newport Capital 13F annual report

Newport Capital is an investment fund managing more than $126 billion ran by Michelle Bennett. There are currently 32 companies in Mrs. Bennett’s portfolio. The largest investments include Gallagher Arthur J Co and Ishares Tr, together worth $63.5 billion.

Limited to 30 biggest holdings

$126 billion Assets Under Management (AUM)

As of 9th August 2024, Newport Capital’s top holding is 59,296 shares of Gallagher Arthur J Co currently worth over $15.4 billion and making up 12.2% of the portfolio value. In addition, the fund holds 307,432 shares of Ishares Tr worth $48.1 billion. The third-largest holding is Vanguard Bd Index Fds worth $11.4 billion and the next is Vanguard Scottsdale Fds worth $11.1 billion, with 190,706 shares owned.

Currently, Newport Capital's portfolio is worth at least $126 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 Newport Capital

The Newport Capital office and employees reside in Red Bank, New Jersey. According to the last 13-F report filed with the SEC, Michelle Bennett serves as the Executive Vice President at Newport Capital.

Recent trades

In the most recent 13F filing, Newport Capital revealed that it had opened a new position in NVIDIA Corp and bought 5,430 shares worth $671 million. This means they effectively own approximately 0.1% of the company. NVIDIA Corp makes up 15.5% of the fund's Technology sector allocation and has decreased its share price by 71.7% in the past year.

The investment fund also strengthened its position in Ishares Tr by buying 60,708 additional shares. This makes their stake in Ishares Tr total 307,432 shares worth $48.1 billion.

On the other hand, there are companies that Newport Capital is getting rid of from its portfolio. Newport Capital closed its position in Vanguard Scottsdale Fds on 16th August 2024. It sold the previously owned 11,932 shares for $855 million. Michelle Bennett also disclosed a decreased stake in Gallagher Arthur J Co by approximately 0.1%. This leaves the value of the investment at $15.4 billion and 59,296 shares.

One of the smallest hedge funds

The two most similar investment funds to Newport Capital are Charter Research & Investment Group, Inc and Rosalind Advisors. They manage $126 billion and $126 billion respectively.

Michelle Bennett investment strategy

Newport Capital’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Technology — making up 3.4% of the total portfolio value. The fund focuses on investments in the United States as 34.4% 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 34% 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 $619 billion.

The complete list of Newport Capital trades based on 13F SEC filings

These positions were updated on August 16th 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
Gallagher Arthur J Co	0.12% 59,296	$15,376,045,000	12.17%
Ishares Tr	24.61% 307,432	$48,091,817,000	38.07%
Vanguard Bd Index Fds	0.07% 157,559	$11,352,129,000	8.99%
Vanguard Scottsdale Fds	0.93% 190,706	$11,104,817,000	8.79%
Vanguard Tax-managed Fds	3.98% 156,230	$7,720,899,000	6.11%
Spdr Sp Midcap 400 Etf Tr	1.33% 8,826	$4,722,542,000	3.74%
J P Morgan Exchange Traded F	6.69% 153,096	$8,202,157,000	6.49%
Vanguard Intl Equity Index F	4.46% 65,388	$3,001,468,000	2.38%
Microsoft Corporation	2.81% 4,558	$2,037,199,000	1.61%
Vanguard World Fd	1.75% 15,750	$2,009,228,000	1.59%
Spdr Index Shs Fds	7.49% 40,033	$1,897,425,000	1.50%
Apple Inc	15.03% 6,354	$1,338,280,000	1.06%
Alphabet Inc	11.90% 8,332	$1,520,509,000	1.20%
Vanguard Scottsdale Fds	Closed 11,932	$854,570,000
Mastercard Incorporated	4.68% 1,833	$808,646,000	0.64%
Texas Instrs Inc	Closed 5,046	$802,364,000
Vanguard Index Fds	10.55% 9,431	$1,046,428,000	0.83%
NVIDIA Corp	Opened 5,430	$670,822,000	0.53%
Visa Inc	4.02% 2,101	$551,451,000	0.44%
Blackrock Inc.	11.50% 608	$478,690,000	0.38%
Unum Group	No change 8,788	$449,155,000	0.36%
Johnson Johnson	1.82% 2,921	$426,933,000	0.34%
Amazon.com Inc.	14.66% 2,125	$410,657,000	0.33%
Ishares Tr	Opened 8,462	$405,500,000	0.32%
Vanguard Index Fds	Opened 3,349	$766,065,000	0.61%
Invesco Exch Trd Slf Idx Fd	Closed 17,143	$322,036,000
Taiwan Semiconductor Mfg Ltd	Opened 1,811	$314,770,000	0.25%
Spdr Ser Tr	Opened 2,689	$250,346,000	0.20%
Lakeland Bancorp, Inc.	Closed 19,040	$240,284,000
Berkshire Hathaway Inc.	38.54% 547	$222,520,000	0.18%
Coca-Cola Co	Opened 3,486	$221,884,000	0.18%
Spdr Ser Tr	Closed 6,874	$216,187,000
Mondelez International Inc.	Closed 3,111	$215,903,000
Asml Holding N V	Opened 211	$215,796,000	0.17%
Merck Co Inc	Opened 1,740	$215,412,000	0.17%
Vanguard Scottsdale Fds	Opened 2,162	$202,818,000	0.16%
Ishares Tr	Closed 1,377	$201,813,000
Provident Finl Svcs Inc	Opened 13,838	$198,575,000	0.16%
Wipro Ltd.	14.25% 17,132	$104,506,000	0.08%
Lloyds Banking Group plc	Closed 13,554	$28,870,000
No transactions found
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