Cadence Wealth Management is an investment fund managing more than $143 billion ran by Tom Shiffer. There are currently 41 companies in Mr. Shiffer’s portfolio. The largest investments include Ishares Tr and VanEck ETF Trust, together worth $72.8 billion.
As of 24th July 2024, Cadence Wealth Management’s top holding is 440,640 shares of Ishares Tr currently worth over $36.1 billion and making up 25.2% of the portfolio value.
In addition, the fund holds 993,863 shares of VanEck ETF Trust worth $36.7 billion, whose value grew 18.5% in the past six months.
The third-largest holding is Ishares Silver Tr worth $16 billion and the next is Spdr Gold Tr worth $13.6 billion, with 63,021 shares owned.
Currently, Cadence Wealth Management's portfolio is worth at least $143 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.
The Cadence Wealth Management office and employees reside in Westborough, Massachusetts. According to the last 13-F report filed with the SEC, Tom Shiffer serves as the Chief Compliance Officer at Cadence Wealth Management.
In the most recent 13F filing, Cadence Wealth Management revealed that it had opened a new position in
VanEck ETF Trust and bought 993,863 shares worth $36.7 billion.
This means they effectively own 0.3% of the company.
VanEck ETF Trust makes up
100.0%
of the fund's Miscellaneous sector allocation and has grown its share price by 15.3% in the past year.
The investment fund also strengthened its position in Ishares Tr by buying
19,026 additional shares.
This makes their stake in Ishares Tr total 440,640 shares worth $36.1 billion.
On the other hand, there are companies that Cadence Wealth Management is getting rid of from its portfolio.
Cadence Wealth Management closed its position in Pioneer Nat Res Co on 31st July 2024.
It sold the previously owned 1,751 shares for $460 million.
Tom Shiffer also disclosed a decreased stake in Ishares Silver Tr by approximately 0.1%.
This leaves the value of the investment at $16 billion and 602,049 shares.
The two most similar investment funds to Cadence Wealth Management are Melfa Wealth Management, Inc and Andrews, Lucia Wealth Management. They manage $143 billion and $143 billion respectively.
Cadence Wealth Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Miscellaneous — making up 25.7% of
the total portfolio value.
The fund focuses on investments in the United States as
29.3% 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 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $168 billion.
These positions were updated on July 31st 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 |
|---|---|---|---|
| Ishares Tr |
4.51%
440,640
|
$36,089,531,000 | 25.23% |
| VanEck ETF Trust |
Opened
993,863
|
$36,713,640,000 | 25.66% |
| Ishares Silver Tr |
9.55%
602,049
|
$15,996,442,000 | 11.18% |
| Spdr Gold Tr |
14.71%
63,021
|
$13,550,145,000 | 9.47% |
| Select Sector Spdr Tr |
2.25%
75,808
|
$7,098,703,000 | 4.96% |
| Sprott Physical Gold Silve |
0.27%
297,998
|
$6,570,856,000 | 4.59% |
| Vanguard Intl Equity Index F |
12.45%
97,776
|
$5,417,798,000 | 3.79% |
| Spdr Ser Tr |
1,092.91%
22,534
|
$3,278,051,000 | 2.29% |
| Schwab Strategic Tr |
161.13%
25,149
|
$1,829,162,000 | 1.28% |
| Vanguard Index Fds |
27.67%
9,116
|
$1,371,326,000 | 0.96% |
| Meta Platforms Inc |
0.05%
2,005
|
$1,011,175,000 | 0.71% |
| Spdr Index Shs Fds |
Opened
15,310
|
$855,064,000 | 0.60% |
| Agnico Eagle Mines Ltd |
21.87%
12,610
|
$824,694,000 | 0.58% |
| Pan Amern Silver Corp |
20.64%
38,731
|
$769,972,000 | 0.54% |
| Rio Tinto plc |
11.95%
11,658
|
$768,612,000 | 0.54% |
| Barrick Gold Corp. |
Opened
44,980
|
$750,266,000 | 0.52% |
| Newmont Corp |
10.55%
17,682
|
$740,336,000 | 0.52% |
| Kinross Gold Corp. |
7.86%
83,719
|
$696,542,000 | 0.49% |
| B2gold Corp |
34.87%
229,370
|
$619,299,000 | 0.43% |
| Apple Inc |
No change
2,878
|
$606,205,000 | 0.42% |
| Bhp Group Ltd |
11.00%
10,027
|
$572,441,000 | 0.40% |
| NVIDIA Corp |
824.68%
4,309
|
$532,302,000 | 0.37% |
| Nutrien Ltd |
10.00%
10,402
|
$529,566,000 | 0.37% |
| Canadian Nat Res Ltd |
117.52%
14,624
|
$520,614,000 | 0.36% |
| Cal-Maine Foods, Inc. |
9.35%
7,976
|
$487,413,000 | 0.34% |
| HF Sinclair Corporation |
9.58%
9,113
|
$486,087,000 | 0.34% |
| Pioneer Nat Res Co |
Closed
1,751
|
$459,638,000 | |
| Boston Scientific Corp. |
No change
5,890
|
$453,589,000 | 0.32% |
| Mosaic Co New |
Opened
15,128
|
$437,199,000 | 0.31% |
| Tenaris S.A. |
Opened
13,867
|
$423,221,000 | 0.30% |
| Sibanye Stillwater Ltd |
10.61%
92,209
|
$401,109,000 | 0.28% |
| Coterra Energy Inc |
Opened
11,367
|
$303,158,000 | 0.21% |
| Helmerich Payne Inc |
Opened
8,384
|
$302,998,000 | 0.21% |
| Southern Copper Corporation |
38.32%
2,791
|
$300,702,000 | 0.21% |
| CVS Health Corp |
No change
4,599
|
$271,617,000 | 0.19% |
| Greif Inc |
11.06%
4,460
|
$256,316,000 | 0.18% |
| ICL Group Ltd. |
12.24%
57,531
|
$246,233,000 | 0.17% |
| Amazon.com Inc. |
0.93%
1,197
|
$231,410,000 | 0.16% |
| Vanguard Tax-managed Fds |
2.05%
4,440
|
$219,425,000 | 0.15% |
| Ssr Mining In |
17.06%
47,068
|
$212,694,000 | 0.15% |
| Eversource Energy |
Closed
3,521
|
$210,467,000 | |
| Spdr Sp 500 Etf Tr |
5.14%
369
|
$201,015,000 | 0.14% |
| Fs Credit Opportunities Corp |
No change
17,205
|
$109,596,000 | 0.08% |
| Nanostring Technologies Inc |
Closed
41,903
|
$3,352,000 | |
| No transactions found | |||
| Showing first 500 out of 44 holdings | |||