Emfo 13F annual report

Emfo is an investment fund managing more than $111 billion ran by Melissa Budelman. There are currently 242 companies in Mrs. Budelman’s portfolio. The largest investments include Apple Inc and Ares Capital Corp, together worth $17.7 billion.

Limited to 30 biggest holdings

$111 billion Assets Under Management (AUM)

As of 19th July 2024, Emfo’s top holding is 42,623 shares of Apple Inc currently worth over $8.98 billion and making up 8.1% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Emfo owns more than approximately 0.1% of the company. In addition, the fund holds 417,757 shares of Ares Capital Corp worth $8.71 billion, whose value grew 0.7% in the past six months. The third-largest holding is Spdr Sp 500 Etf Tr worth $5.66 billion and the next is Amazon.com worth $5.5 billion, with 28,462 shares owned.

Currently, Emfo's portfolio is worth at least $111 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 Emfo

The Emfo office and employees reside in Weston, Florida. According to the last 13-F report filed with the SEC, Melissa Budelman serves as the Managing Partner/CCO at Emfo.

Recent trades

In the most recent 13F filing, Emfo revealed that it had opened a new position in Vulcan Matls Co and bought 2,900 shares worth $721 million.

The investment fund also strengthened its position in Spdr Sp 500 Etf Tr by buying 590 additional shares. This makes their stake in Spdr Sp 500 Etf Tr total 10,403 shares worth $5.66 billion.

On the other hand, there are companies that Emfo is getting rid of from its portfolio. Emfo closed its position in Veeva Sys Inc on 26th July 2024. It sold the previously owned 2,566 shares for $595 million. Melissa Budelman also disclosed a decreased stake in Apple Inc by approximately 0.1%. This leaves the value of the investment at $8.98 billion and 42,623 shares.

One of the smallest hedge funds

The two most similar investment funds to Emfo are Monetta Financial Services Inc and Pom Investment Strategies. They manage $111 billion and $111 billion respectively.


Melissa Budelman investment strategy

Emfo’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 16.8% of the total portfolio value. The fund focuses on investments in the United States as 47.1% 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 40% of the total holdings value. On the other hand, small-cap stocks make up only 3.7% of the portfolio. The average market cap of the portfolio companies is close to $131 billion.

The complete list of Emfo trades based on 13F SEC filings

These positions were updated on July 26th 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
0.57%
42,623
$8,977,236,000 8.11%
Ares Capital Corp
1.95%
417,757
$8,706,054,000 7.86%
Spdr Sp 500 Etf Tr
6.01%
10,403
$5,661,365,000 5.11%
Amazon.com Inc.
7.91%
28,462
$5,500,282,000 4.97%
Chicago Atlantic Real Estate
2.39%
285,031
$4,378,077,000 3.95%
Jpmorgan Chase Co.
2.48%
15,486
$3,132,199,000 2.83%
Goldman Sachs Group, Inc.
0.98%
5,056
$2,286,930,000 2.07%
AMGEN Inc.
25.87%
7,299
$2,280,573,000 2.06%
Vanguard Index Fds
3.28%
17,757
$3,341,368,000 3.02%
Microsoft Corporation
1.03%
4,985
$2,228,045,000 2.01%
Meta Platforms Inc
10.88%
4,199
$2,117,249,000 1.91%
Visa Inc
No change
8,046
$2,111,834,000 1.91%
Merck Co Inc
No change
16,034
$1,985,010,000 1.79%
NVIDIA Corp
1,326.45%
15,691
$1,938,527,000 1.75%
Verizon Communications Inc
No change
46,126
$1,902,237,000 1.72%
Procter And Gamble Co
No change
10,534
$1,737,268,000 1.57%
Dow Inc
No change
32,667
$1,732,985,000 1.57%
International Business Machs
No change
9,867
$1,706,563,000 1.54%
Home Depot, Inc.
No change
4,944
$1,701,923,000 1.54%
Thermo Fisher Scientific Inc.
No change
3,049
$1,686,097,000 1.52%
Mastercard Incorporated
No change
3,809
$1,680,379,000 1.52%
Spdr Gold Tr
No change
7,815
$1,680,304,000 1.52%
Alphabet Inc
6.78%
12,153
$2,224,920,000 2.01%
Oracle Corp.
3.88%
10,615
$1,498,838,000 1.35%
Chevron Corp.
No change
9,304
$1,455,332,000 1.31%
NextEra Energy Inc
5.09%
18,637
$1,319,686,000 1.19%
Coca-Cola Co
No change
17,286
$1,100,254,000 0.99%
Cisco Sys Inc
No change
22,703
$1,078,620,000 0.97%
Vanguard Specialized Funds
No change
5,256
$959,483,000 0.87%
Broadcom Inc
89.03%
586
$940,841,000 0.85%
Skyworks Solutions, Inc.
No change
8,350
$889,943,000 0.80%
Precigen Inc
No change
519,475
$820,771,000 0.74%
Uber Technologies Inc
1,290.76%
10,236
$743,953,000 0.67%
Schwab Charles Corp
No change
10,000
$736,900,000 0.67%
Invesco Exchange Traded Fd T
21.89%
14,167
$903,643,000 0.82%
Vulcan Matls Co
Opened
2,900
$721,172,000 0.65%
Tesla Inc
No change
3,619
$716,128,000 0.65%
Ross Stores, Inc.
No change
4,750
$690,270,000 0.62%
Ishares Gold Tr
No change
15,304
$672,305,000 0.61%
P3 Health Partners Inc
39.80%
1,427,689
$642,889,000 0.58%
Carlyle Group Inc (The)
24.13%
15,725
$631,359,000 0.57%
Ishares Tr
0.16%
24,004
$2,184,312,000 1.97%
Veeva Sys Inc
Closed
2,566
$594,517,000
Select Sector Spdr Tr
0.39%
5,624
$720,723,000 0.65%
Hubbell Inc.
114.29%
1,500
$548,220,000 0.50%
Bhp Group Ltd
24.35%
9,320
$532,079,000 0.48%
Proshares Tr
No change
6,943
$625,300,000 0.56%
Boeing Co.
No change
2,500
$455,025,000 0.41%
Dominos Pizza Inc
No change
847
$437,332,000 0.40%
Blackrock Inc.
No change
550
$433,026,000 0.39%
Rockwell Automation Inc
Closed
1,451
$422,720,000
CubeSmart
No change
8,930
$403,369,000 0.36%
Morgan Stanley
33.33%
4,000
$388,760,000 0.35%
Sable Offshore Corp
Opened
24,589
$370,557,000 0.33%
American Tower Corp.
No change
1,810
$351,828,000 0.32%
Citigroup Inc
Opened
5,500
$349,030,000 0.32%
Nextdoor Holdings, Inc.
No change
119,615
$332,530,000 0.30%
NVR Inc.
No change
43
$326,309,000 0.29%
Snowflake Inc.
Closed
2,000
$323,200,000
Amplify Etf Tr
No change
28,096
$396,400,000 0.36%
Abbvie Inc
No change
1,830
$313,882,000 0.28%
Tjx Cos Inc New
38.35%
2,829
$311,474,000 0.28%
Honeywell International Inc
Closed
1,500
$307,875,000
Nuveen Amt Free Qlty Mun Inc
No change
26,810
$307,243,000 0.28%
Pacer Fds Tr
No change
5,623
$306,398,000 0.28%
Crescent Energy Company
No change
25,750
$305,138,000 0.28%
Schwab Strategic Tr
9.44%
6,827
$366,070,000 0.33%
Walmart Inc
No change
4,398
$297,789,000 0.27%
Johnson Johnson
63.90%
1,941
$283,697,000 0.26%
Occidental Pete Corp
47.06%
4,500
$283,635,000 0.26%
Medtronic Plc
409.48%
3,546
$279,106,000 0.25%
Schlumberger Ltd.
Closed
5,000
$274,050,000
Strategic Ed Inc
No change
2,445
$270,564,000 0.24%
Pnc Finl Svcs Group Inc
No change
1,700
$264,316,000 0.24%
Disney Walt Co
No change
2,651
$263,226,000 0.24%
Zim Integrated Shipping Serv
Closed
25,000
$253,000,000
GE Aerospace
1,090.23%
1,583
$251,650,000 0.23%
Blackstone Inc
No change
2,032
$251,571,000 0.23%
Truist Finl Corp
0.16%
6,315
$245,338,000 0.22%
Eagle Matls Inc
29.41%
1,100
$239,206,000 0.22%
Palantir Technologies Inc.
65.98%
9,283
$235,139,000 0.21%
Eli Lilly Co
No change
250
$226,345,000 0.20%
Sysco Corp.
No change
3,168
$226,185,000 0.20%
Progressive Corp.
40.86%
1,035
$214,980,000 0.19%
Bank Nova Scotia Halifax
No change
4,700
$214,884,000 0.19%
Arch Cap Group Ltd
55.05%
2,090
$210,861,000 0.19%
Zoetis Inc
No change
1,200
$208,032,000 0.19%
TG Therapeutics Inc
No change
11,500
$204,585,000 0.18%
Netflix Inc.
4.86%
302
$203,814,000 0.18%
Enterprise Prods Partners L
No change
6,697
$194,080,000 0.18%
Textron Inc.
Closed
2,005
$192,340,000
Goldman Sachs Etf Tr
No change
2,600
$185,003,000 0.17%
Frontline Plc
79.25%
7,170
$184,700,000 0.17%
Prudential Finl Inc
Opened
1,550
$181,645,000 0.16%
Seagate Technology Hldngs Pl
Opened
1,750
$180,723,000 0.16%
Expeditors Intl Wash Inc
No change
1,440
$179,698,000 0.16%
Icahn Enterprises Lp
No change
10,800
$177,984,000 0.16%
Plug Power Inc
No change
72,800
$169,624,000 0.15%
Coinbase Global Inc
No change
760
$168,895,000 0.15%
Moog Inc.
No change
1,000
$167,300,000 0.15%
Old Rep Intl Corp
No change
5,400
$166,860,000 0.15%
Lockheed Martin Corp.
0.58%
348
$162,671,000 0.15%
First Tr Morningstar Divid L
No change
4,060
$153,996,000 0.14%
3M Co.
Opened
1,500
$153,285,000 0.14%
Mcdonalds Corp
No change
595
$151,630,000 0.14%
Target Corp
No change
1,000
$148,040,000 0.13%
Eaton Corp Plc
No change
458
$143,606,000 0.13%
Immunome, Inc.
No change
11,835
$143,204,000 0.13%
Chipotle Mexican Grill
1,987.38%
2,150
$134,698,000 0.12%
Pepsico Inc
No change
770
$126,997,000 0.11%
Motorola Solutions Inc
No change
325
$125,467,000 0.11%
Vanguard Whitehall Fds
24.09%
1,601
$168,420,000 0.15%
Exxon Mobil Corp.
No change
1,017
$117,078,000 0.11%
Canadian Imperial Bk Comm To
No change
2,400
$114,096,000 0.10%
Union Pac Corp
No change
493
$111,547,000 0.10%
Talkspace Inc
No change
47,800
$109,940,000 0.10%
Brookfield Infrast Partners
No change
3,963
$108,745,000 0.10%
John Hancock Exchange Traded
No change
1,645
$106,942,000 0.10%
Barings Global Short Duratio
No change
7,349
$106,194,000 0.10%
Cummins Inc.
No change
380
$105,234,000 0.10%
Invesco Exch Traded Fd Tr Ii
No change
3,657
$99,802,000 0.09%
Qualcomm, Inc.
No change
500
$99,590,000 0.09%
Tilray Brands Inc
No change
57,030
$94,670,000 0.09%
Enovix Corporation
Opened
6,000
$92,760,000 0.08%
Applied Matls Inc
No change
390
$92,037,000 0.08%
UBS Group AG
No change
3,002
$88,680,000 0.08%
RTX Corp
No change
792
$79,509,000 0.07%
Berkshire Hathaway Inc.
No change
193
$78,513,000 0.07%
Asana, Inc.
No change
5,000
$69,950,000 0.06%
Dbx Etf Tr
No change
1,682
$69,921,000 0.06%
Alps Etf Tr
No change
1,380
$68,476,000 0.06%
Yum Brands Inc.
No change
500
$66,230,000 0.06%
American Elec Pwr Co Inc
No change
719
$63,086,000 0.06%
Vertex Pharmaceuticals, Inc.
No change
134
$62,809,000 0.06%
Digital Rlty Tr Inc
No change
408
$62,037,000 0.06%
Eversource Energy
No change
1,049
$59,489,000 0.05%
Air Prods Chems Inc
No change
229
$59,094,000 0.05%
Spdr Ser Tr
0.08%
1,285
$65,540,000 0.06%
Duke Energy Corp.
No change
584
$58,535,000 0.05%
HCA Healthcare Inc
No change
181
$58,152,000 0.05%
Mid-amer Apt Cmntys Inc
No change
400
$57,044,000 0.05%
Rekor Systems Inc
No change
36,500
$56,575,000 0.05%
Texas Instrs Inc
No change
288
$56,025,000 0.05%
MP Materials Corp.
0.12%
4,080
$51,939,000 0.05%
Herzfeld Caribbean Basin Fd
Opened
21,735
$51,078,000 0.05%
Palo Alto Networks Inc
No change
150
$50,852,000 0.05%
Sempra
No change
660
$50,200,000 0.05%
Manchester Utd Plc New
Opened
3,110
$50,196,000 0.05%
Pfizer Inc.
No change
1,763
$49,329,000 0.04%
Vanguard World Fd
54.79%
165
$50,661,000 0.05%
Astrazeneca plc
No change
600
$46,794,000 0.04%
Corning, Inc.
No change
1,100
$42,735,000 0.04%
Archer Daniels Midland Co.
No change
700
$42,315,000 0.04%
Xcel Energy Inc.
No change
745
$39,791,000 0.04%
Valero Energy Corp.
Closed
228
$38,918,000
Elevance Health Inc
No change
70
$37,931,000 0.03%
Ishares Inc
No change
875
$37,625,000 0.03%
Checkpoint Therapeutics Inc
No change
15,715
$33,788,000 0.03%
Spruce Power Holding Corp
No change
9,050
$33,033,000 0.03%
Comcast Corp New
No change
840
$32,895,000 0.03%
Check Point Software Tech Lt
Closed
200
$32,802,000
Ferrari N.V.
No change
80
$32,670,000 0.03%
Stem Inc
No change
29,140
$32,346,000 0.03%
Chubb Limited
No change
125
$31,885,000 0.03%
Quest Diagnostics, Inc.
No change
220
$30,114,000 0.03%
Salesforce Inc
No change
117
$30,081,000 0.03%
Williams Cos Inc
27.03%
675
$28,688,000 0.03%
Microchip Technology, Inc.
No change
290
$26,535,000 0.02%
Select Sector Spdr Tr
Closed
400
$26,260,000
Att Inc
No change
1,353
$25,856,000 0.02%
Trane Technologies plc
No change
78
$25,657,000 0.02%
Nu Hldgs Ltd
No change
1,933
$24,917,000 0.02%
Roblox Corporation
9.88%
667
$24,820,000 0.02%
Inventrust Pptys Corp
No change
1,000
$24,760,000 0.02%
First Tr Exchange-traded Fd
3.80%
246
$24,608,000 0.02%
Apollo Global Mgmt Inc
No change
205
$24,205,000 0.02%
Nike, Inc.
No change
319
$24,044,000 0.02%
CME Group Inc
No change
122
$23,986,000 0.02%
Consolidated Edison, Inc.
No change
250
$22,355,000 0.02%
Spdr Index Shs Fds
No change
754
$21,346,000 0.02%
Becton Dickinson Co
No change
84
$19,632,000 0.02%
Toast, Inc.
15.65%
739
$19,045,000 0.02%
Starbucks Corp.
No change
240
$18,684,000 0.02%
CVS Health Corp
94.16%
310
$18,309,000 0.02%
Xenia Hotels Resorts Inc
No change
1,250
$17,913,000 0.02%
GSK Plc
No change
449
$17,287,000 0.02%
VanEck ETF Trust
No change
500
$16,965,000 0.02%
Nxp Semiconductors N V
No change
62
$16,684,000 0.02%
Ark Etf Tr
No change
764
$23,970,000 0.02%
Dexcom Inc
No change
140
$15,874,000 0.01%
Flowers Foods, Inc.
No change
700
$15,540,000 0.01%
The Southern Co.
No change
200
$15,514,000 0.01%
Intuitive Surgical Inc
Opened
34
$15,125,000 0.01%
Canadian Pacific Kansas City
No change
178
$14,014,000 0.01%
Smucker J M Co
No change
128
$13,958,000 0.01%
IQVIA Holdings Inc
No change
65
$13,744,000 0.01%
Unitedhealth Group Inc
No change
25
$12,732,000 0.01%
Kroger Co.
No change
250
$12,483,000 0.01%
Brookfield Corp
No change
300
$12,462,000 0.01%
Intel Corp.
No change
400
$12,388,000 0.01%
Moderna Inc
No change
100
$11,875,000 0.01%
Invesco Actvely Mngd Etc Fd
No change
833
$11,704,000 0.01%
Mattel, Inc.
No change
710
$11,545,000 0.01%
DHT Holdings Inc
Closed
1,000
$11,500,000
Schwab Strategic Tr
Closed
214
$11,140,000
Etfs Gold Tr
No change
500
$11,110,000 0.01%
Constellation Energy Corp
10.00%
55
$11,103,000 0.01%
3-d Sys Corp Del
No change
3,550
$10,899,000 0.01%
Albertsons Cos Inc
No change
500
$9,875,000 0.01%
Regeneron Pharmaceuticals, Inc.
No change
9
$9,460,000 0.01%
Celanese Corp
Closed
55
$9,453,000
Sonos Inc
No change
630
$9,299,000 0.01%
Equinix Inc
No change
12
$9,080,000 0.01%
Vanguard Tax-managed Fds
No change
178
$8,797,000 0.01%
Intellia Therapeutics Inc
No change
390
$8,729,000 0.01%
Conocophillips
No change
75
$8,579,000 0.01%
Waste Mgmt Inc Del
No change
39
$8,351,000 0.01%
GoodRx Holdings, Inc.
No change
1,032
$8,050,000 0.01%
Nasdaq Inc
No change
114
$6,884,000 0.01%
Altria Group Inc.
No change
150
$6,833,000 0.01%
Cybin Inc
No change
24,475
$6,633,000 0.01%
General Dynamics Corp.
No change
20
$5,925,000 0.01%
Ge Vernova Inc
Opened
32
$5,489,000 0.00%
Snap Inc
No change
320
$5,316,000 0.00%
Vanguard Intl Equity Index F
No change
79
$5,275,000 0.00%
Unity Software Inc.
No change
316
$5,139,000 0.00%
Global X Fds
No change
173
$5,009,000 0.00%
Best Buy Co. Inc.
1.72%
59
$4,972,000 0.00%
Fiserv, Inc.
Opened
33
$4,919,000 0.00%
Lauder Estee Cos Inc
No change
46
$4,895,000 0.00%
PayPal Holdings Inc
No change
82
$4,759,000 0.00%
Nordic American Tankers Limi
Closed
1,000
$3,920,000
Freshworks Inc
No change
307
$3,896,000 0.00%
Ge Healthcare Technologies I
No change
43
$3,351,000 0.00%
Brookfield Asset Managmt Ltd
No change
75
$2,854,000 0.00%
Mind Medicine Mindmed Inc
No change
300
$2,163,000 0.00%
Aurora Mobile Ltd
No change
350
$1,008,000 0.00%
Leafly Holdings Inc
No change
498
$1,001,000 0.00%
Enhabit, Inc.
No change
100
$892,000 0.00%
Fluence Energy Inc
No change
50
$867,000 0.00%
Haleon Plc
No change
100
$826,000 0.00%
Wabtec
No change
5
$791,000 0.00%
Bumble Inc
No change
75
$789,000 0.00%
Organon Co
No change
32
$663,000 0.00%
Warner Bros.Discovery Inc
No change
85
$633,000 0.00%
Zoomcar Hldgs Inc
No change
4,164
$624,000 0.00%
HubSpot Inc
No change
1
$590,000 0.00%
Box Inc
No change
21
$556,000 0.00%
Natera Inc
Closed
5
$458,000
Petros Pharmaceuticals, Inc.
No change
1,000
$458,000 0.00%
Sony Group Corp
Closed
5
$429,000
DSS Inc
No change
150
$258,000 0.00%
Embecta Corp
No change
16
$200,000 0.00%
Ford Mtr Co Del
Closed
8
$107,000
Sonim Technologies Inc
No change
100
$100,000 0.00%
Viatris Inc.
No change
9
$96,000 0.00%
Brookfield Reins Ltd
No change
2
$84,000 0.00%
Avenue Therapeutics Inc
Closed
533
$79,000
Avenue Therapeutics Inc
Opened
8
$28,000 0.00%
Selina Hospitality Plc
No change
95
$7,000 0.00%
No transactions found
Showing first 500 out of 260 holdings