Sovereign 13F annual report
Sovereign is an investment fund managing more than $385 billion ran by Deanna Hutchinson. There are currently 189 companies in Mrs. Hutchinson’s portfolio. The largest investments include Spdr Sp 500 Etf Tr and Vanguard Index Fds, together worth $70.2 billion.
$385 billion Assets Under Management (AUM)
As of 8th July 2024, Sovereign’s top holding is 41,667 shares of Spdr Sp 500 Etf Tr currently worth over $22.7 billion and making up 5.9% of the portfolio value.
In addition, the fund holds 194,079 shares of Vanguard Index Fds worth $47.5 billion.
The third-largest holding is Vanguard Tax-managed Fds worth $20.8 billion and the next is Ishares Tr worth $60 billion, with 555,721 shares owned.
Currently, Sovereign's portfolio is worth at least $385 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 Sovereign
The Sovereign office and employees reside in Stamford, Connecticut. According to the last 13-F report filed with the SEC, Deanna Hutchinson serves as the Chief Compliance Officer at Sovereign.
Recent trades
In the most recent 13F filing, Sovereign revealed that it had opened a new position in
Graniteshares Etf Tr and bought 7,440 shares worth $517 million.
The investment fund also strengthened its position in Vanguard Index Fds by buying
11,173 additional shares.
This makes their stake in Vanguard Index Fds total 194,079 shares worth $47.5 billion.
On the other hand, there are companies that Sovereign is getting rid of from its portfolio.
Sovereign closed its position in Proshares Tr on 15th July 2024.
It sold the previously owned 9,917 shares for $610 million.
Deanna Hutchinson also disclosed a decreased stake in Spdr Sp 500 Etf Tr by approximately 0.1%.
This leaves the value of the investment at $22.7 billion and 41,667 shares.
One of the smaller hedge funds
The two most similar investment funds to Sovereign are Lts One Management L.P. and Barometer Capital Management Inc. They manage $385 billion and $386 billion respectively.
Deanna Hutchinson investment strategy
Sovereign’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 10.3% of
the total portfolio value.
The fund focuses on investments in the United States as
40.7% 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
39% of the total holdings value.
On the other hand, small-cap stocks make up only 2.6% of the portfolio.
The average market cap of the portfolio companies is close to $186 billion.
The complete list of Sovereign trades based on 13F SEC filings
These positions were updated on July 15th 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 |
|---|---|---|---|
| Spdr Sp 500 Etf Tr |
0.22%
41,667
|
$22,676,188,000 | 5.89% |
| Vanguard Index Fds |
6.11%
194,079
|
$47,519,541,000 | 12.34% |
| Vanguard Tax-managed Fds |
9.21%
421,570
|
$20,833,994,000 | 5.41% |
| Ishares Tr |
6.87%
555,721
|
$60,044,139,000 | 15.59% |
| Apple Inc |
0.20%
54,303
|
$11,437,294,000 | 2.97% |
| Alphabet Inc |
0.63%
94,787
|
$17,338,743,000 | 4.50% |
| Vanguard Bd Index Fds |
5.30%
229,751
|
$17,148,382,000 | 4.45% |
| Vanguard Charlotte Fds |
5.09%
173,662
|
$8,452,128,000 | 2.19% |
| Vanguard Intl Equity Index F |
12.51%
157,494
|
$6,891,918,000 | 1.79% |
| Microsoft Corporation |
8.49%
14,844
|
$6,634,528,000 | 1.72% |
| Vanguard Malvern Fds |
1.14%
129,123
|
$6,267,631,000 | 1.63% |
| First Tr Exchange-traded Fd |
10.81%
113,273
|
$6,171,418,000 | 1.60% |
| NVIDIA Corp |
764.74%
45,598
|
$5,633,224,000 | 1.46% |
| Vanguard Whitehall Fds |
3.16%
38,042
|
$4,175,257,000 | 1.08% |
| Vanguard Scottsdale Fds |
5.27%
104,072
|
$5,599,032,000 | 1.45% |
| Amazon.com Inc. |
1.21%
18,326
|
$3,541,500,000 | 0.92% |
| The Southern Co. |
1.22%
40,714
|
$3,158,168,000 | 0.82% |
| United Parcel Service, Inc. |
0.47%
22,394
|
$3,064,619,000 | 0.80% |
| Ishares U S Etf Tr |
2.11%
58,616
|
$2,950,157,000 | 0.77% |
| Exxon Mobil Corp. |
16.81%
20,950
|
$2,411,803,000 | 0.63% |
| Mastercard Incorporated |
0.04%
5,433
|
$2,396,841,000 | 0.62% |
| Vanguard World Fd |
2.14%
17,741
|
$4,715,007,000 | 1.22% |
| VanEck ETF Trust |
12.41%
15,946
|
$2,691,740,000 | 0.70% |
| Blackrock Etf Trust |
40.39%
40,568
|
$1,904,262,000 | 0.49% |
| Rbb Fd Inc |
83.37%
37,119
|
$1,856,714,000 | 0.48% |
| Spdr Dow Jones Indl Average |
14.62%
4,650
|
$1,818,601,000 | 0.47% |
| Church Dwight Co Inc |
0.71%
17,312
|
$1,794,933,000 | 0.47% |
| Consolidated Edison, Inc. |
0.88%
19,918
|
$1,781,081,000 | 0.46% |
| Visa Inc |
0.21%
6,582
|
$1,727,579,000 | 0.45% |
| Spdr Ser Tr |
33.34%
65,428
|
$3,800,656,000 | 0.99% |
| Proshares Tr |
0.80%
24,318
|
$2,067,032,000 | 0.54% |
| Invesco Exchange Traded Fd T |
5.29%
68,738
|
$4,107,315,000 | 1.07% |
| Meta Platforms Inc |
12.40%
3,253
|
$1,640,133,000 | 0.43% |
| Super Micro Computer Inc |
2.59%
1,956
|
$1,602,649,000 | 0.42% |
| Bank America Corp |
0.22%
39,200
|
$1,559,000,000 | 0.40% |
| Costco Whsl Corp New |
1.08%
1,781
|
$1,514,106,000 | 0.39% |
| Powershares Actively Managed |
8.64%
29,131
|
$1,453,637,000 | 0.38% |
| Spdr Gold Tr |
0.22%
6,746
|
$1,450,457,000 | 0.38% |
| J P Morgan Exchange Traded F |
0.87%
48,312
|
$2,559,900,000 | 0.66% |
| Kimberly-Clark Corp. |
0.14%
10,137
|
$1,400,968,000 | 0.36% |
| General Mls Inc |
0.40%
22,144
|
$1,400,800,000 | 0.36% |
| Victory Portfolios II |
25.65%
42,205
|
$1,924,468,000 | 0.50% |
| Vanguard Wellington Fd |
1.22%
11,863
|
$1,341,349,000 | 0.35% |
| Ishares Inc |
36.15%
35,673
|
$1,970,639,000 | 0.51% |
| CSX Corp. |
0.54%
37,633
|
$1,258,808,000 | 0.33% |
| Home Depot, Inc. |
9.89%
3,500
|
$1,204,840,000 | 0.31% |
| Berkshire Hathaway Inc. |
17.03%
2,885
|
$1,173,618,000 | 0.30% |
| Schwab Strategic Tr |
3.93%
50,661
|
$3,704,346,000 | 0.96% |
| Vanguard Specialized Funds |
1.96%
6,142
|
$1,121,222,000 | 0.29% |
| Unitedhealth Group Inc |
2.78%
2,185
|
$1,112,665,000 | 0.29% |
| Jpmorgan Chase Co. |
5.97%
5,471
|
$1,106,564,000 | 0.29% |
| Alps Etf Tr |
0.51%
22,266
|
$1,104,819,000 | 0.29% |
| Highland Global Allocation F |
14.65%
140,638
|
$1,059,005,000 | 0.27% |
| Spdr Sp Midcap 400 Etf Tr |
43.42%
1,901
|
$1,016,993,000 | 0.26% |
| Micron Technology Inc. |
19.80%
7,024
|
$923,867,000 | 0.24% |
| Select Med Hldgs Corp |
No change
26,319
|
$922,744,000 | 0.24% |
| Pacer Fds Tr |
11.92%
28,892
|
$1,677,736,000 | 0.44% |
| Att Inc |
0.01%
45,793
|
$875,109,000 | 0.23% |
| Dimensional Etf Trust |
26.58%
23,812
|
$855,804,000 | 0.22% |
| International Business Machs |
3.13%
4,781
|
$826,947,000 | 0.21% |
| Broadcom Inc. |
3.46%
508
|
$815,609,000 | 0.21% |
| Qualcomm, Inc. |
0.66%
4,088
|
$814,248,000 | 0.21% |
| Procter And Gamble Co |
2.09%
4,890
|
$806,481,000 | 0.21% |
| Allstate Corp (The) |
2.23%
5,045
|
$805,525,000 | 0.21% |
| Dominion Energy Inc |
0.40%
16,069
|
$787,380,000 | 0.20% |
| Public Svc Enterprise Grp In |
0.65%
10,622
|
$782,877,000 | 0.20% |
| Coca-Cola Co |
0.62%
12,175
|
$774,961,000 | 0.20% |
| Pepsico Inc |
5.45%
4,566
|
$753,131,000 | 0.20% |
| John Hancock Exchange Traded |
0.75%
13,523
|
$744,281,000 | 0.19% |
| NextEra Energy Inc |
0.23%
9,570
|
$677,642,000 | 0.18% |
| Select Sector Spdr Tr |
9.38%
17,568
|
$1,804,151,000 | 0.47% |
| Arm Holdings Plc |
87.72%
3,989
|
$652,680,000 | 0.17% |
| Wisdomtree Tr |
0.04%
21,228
|
$1,164,105,000 | 0.30% |
| Johnson Johnson |
3.58%
4,310
|
$629,910,000 | 0.16% |
| Bristol-Myers Squibb Co. |
9.08%
14,912
|
$619,310,000 | 0.16% |
| RTX Corp |
1.04%
6,109
|
$613,283,000 | 0.16% |
| Vertiv Holdings Co |
24.05%
7,056
|
$610,838,000 | 0.16% |
| Proshares Tr |
Closed
9,917
|
$610,491,000 | |
| Caterpillar Inc. |
0.77%
1,824
|
$607,613,000 | 0.16% |
| Merck Co Inc |
0.14%
4,898
|
$606,384,000 | 0.16% |
| Mcdonalds Corp |
0.25%
2,379
|
$606,195,000 | 0.16% |
| Abbvie Inc |
9.06%
3,503
|
$600,845,000 | 0.16% |
| Eli Lilly Co |
1.94%
658
|
$595,782,000 | 0.15% |
| First Tr Exchng Traded Fd Vi |
4.26%
26,272
|
$1,139,751,000 | 0.30% |
| California Wtr Svc Group |
0.05%
11,880
|
$576,046,000 | 0.15% |
| Commercial Metals Co. |
No change
10,099
|
$555,344,000 | 0.14% |
| Hormel Foods Corp. |
0.08%
18,200
|
$554,920,000 | 0.14% |
| AMGEN Inc. |
17.64%
1,707
|
$533,352,000 | 0.14% |
| Vanguard Admiral Fds Inc |
0.58%
5,392
|
$529,548,000 | 0.14% |
| Chevron Corp. |
0.97%
3,335
|
$521,724,000 | 0.14% |
| Oracle Corp. |
0.27%
3,667
|
$517,780,000 | 0.13% |
| Graniteshares Etf Tr |
Opened
7,440
|
$517,452,000 | 0.13% |
| Cisco Sys Inc |
0.92%
10,865
|
$516,201,000 | 0.13% |
| Fs Kkr Cap Corp |
2.96%
26,061
|
$514,189,000 | 0.13% |
| Advanced Micro Devices Inc. |
0.57%
3,147
|
$510,475,000 | 0.13% |
| Kellanova Co |
0.97%
8,761
|
$505,307,000 | 0.13% |
| Ishares Bitcoin Tr |
3.28%
14,792
|
$504,999,000 | 0.13% |
| Pfizer Inc. |
4.75%
17,733
|
$496,171,000 | 0.13% |
| Valero Energy Corp. |
0.03%
3,154
|
$494,421,000 | 0.13% |
| Verizon Communications Inc |
0.78%
11,719
|
$483,293,000 | 0.13% |
| Blackstone Inc |
0.11%
3,801
|
$470,564,000 | 0.12% |
| GE Aerospace |
0.65%
2,953
|
$469,374,000 | 0.12% |
| Honeywell International Inc |
16.54%
2,142
|
$457,363,000 | 0.12% |
| Texas Instrs Inc |
21.05%
2,329
|
$453,060,000 | 0.12% |
| Otis Worldwide Corporation |
0.28%
4,688
|
$451,290,000 | 0.12% |
| Disney Walt Co |
3.45%
4,537
|
$450,498,000 | 0.12% |
| Asml Holding N V |
82.57%
440
|
$449,546,000 | 0.12% |
| Walmart Inc |
1.81%
6,633
|
$449,143,000 | 0.12% |
| Ford Mtr Co Del |
1.18%
34,768
|
$435,986,000 | 0.11% |
| Ishares Silver Tr |
13.03%
16,154
|
$429,212,000 | 0.11% |
| Tesla Inc |
4.09%
2,161
|
$427,619,000 | 0.11% |
| Deere Co |
2.98%
1,138
|
$425,134,000 | 0.11% |
| Etf Ser Solutions |
0.54%
16,826
|
$424,188,000 | 0.11% |
| Trane Technologies plc |
7.30%
1,250
|
$411,163,000 | 0.11% |
| Vanguard Scottsdale Fds |
Closed
7,000
|
$406,490,000 | |
| Ark Etf Tr |
16.49%
9,026
|
$396,679,000 | 0.10% |
| Colgate-Palmolive Co. |
10.90%
4,071
|
$395,050,000 | 0.10% |
| Invesco Exch Traded Fd Tr Ii |
Opened
3,670
|
$387,075,000 | 0.10% |
| Dell Technologies Inc |
Opened
2,766
|
$381,464,000 | 0.10% |
| Mondelez International Inc. |
2.96%
5,745
|
$375,965,000 | 0.10% |
| DTE Energy Co. |
No change
3,363
|
$373,327,000 | 0.10% |
| Altria Group Inc. |
0.61%
8,142
|
$370,867,000 | 0.10% |
| Intel Corp. |
30.70%
11,896
|
$368,406,000 | 0.10% |
| Goldman Sachs Etf Tr |
3.24%
8,333
|
$366,694,000 | 0.10% |
| Hubbell Inc. |
No change
1,002
|
$366,211,000 | 0.10% |
| Eaton Corp Plc |
30.84%
1,103
|
$345,815,000 | 0.09% |
| Community Financial System I |
No change
7,294
|
$344,350,000 | 0.09% |
| American Elec Pwr Co Inc |
0.72%
3,911
|
$343,157,000 | 0.09% |
| Vanguard Star Fds |
0.74%
5,633
|
$339,670,000 | 0.09% |
| Kkr Co Inc |
1.48%
3,226
|
$339,504,000 | 0.09% |
| Goldman Sachs Group, Inc. |
Opened
747
|
$338,057,000 | 0.09% |
| Philip Morris International Inc |
0.54%
3,323
|
$336,720,000 | 0.09% |
| Omega Healthcare Invs Inc |
0.44%
9,793
|
$335,418,000 | 0.09% |
| American Express Co. |
3.90%
1,429
|
$330,904,000 | 0.09% |
| Vanguard Whitehall Fds |
Opened
4,055
|
$329,590,000 | 0.09% |
| Mccormick Co Inc |
No change
4,632
|
$328,594,000 | 0.09% |
| Applied Matls Inc |
0.80%
1,367
|
$322,598,000 | 0.08% |
| Salesforce Inc |
9.07%
1,251
|
$321,720,000 | 0.08% |
| Ge Vernova Inc |
Opened
1,867
|
$320,280,000 | 0.08% |
| Enterprise Prods Partners L |
2.90%
10,667
|
$309,130,000 | 0.08% |
| Public Storage Oper Co |
0.28%
1,072
|
$308,361,000 | 0.08% |
| Analog Devices Inc. |
8.35%
1,297
|
$295,961,000 | 0.08% |
| Ishares Tr |
Opened
3,591
|
$293,194,000 | 0.08% |
| Target Corp |
0.56%
1,971
|
$291,758,000 | 0.08% |
| ServiceNow Inc |
1.94%
368
|
$289,495,000 | 0.08% |
| Fidelity Covington Trust |
No change
5,000
|
$285,201,000 | 0.07% |
| Iron Mtn Inc Del |
No change
3,142
|
$281,586,000 | 0.07% |
| Dnp Select Income Fd Inc |
4.96%
34,115
|
$280,425,000 | 0.07% |
| Albemarle Corp. |
Closed
2,067
|
$272,307,000 | |
| Ishares Gold Tr |
1.15%
6,152
|
$270,257,000 | 0.07% |
| Snowflake Inc. |
Closed
1,665
|
$269,064,000 | |
| Carrier Global Corporation |
0.88%
4,187
|
$264,116,000 | 0.07% |
| Vanguard Mun Bd Fds |
6.61%
5,266
|
$263,879,000 | 0.07% |
| Etfs Gold Tr |
1.40%
11,851
|
$263,329,000 | 0.07% |
| Phillips 66 |
0.05%
1,857
|
$262,153,000 | 0.07% |
| Mainstay Mackay Definedterm |
5.08%
15,754
|
$261,198,000 | 0.07% |
| RingCentral Inc. |
1.58%
9,068
|
$255,718,000 | 0.07% |
| Starbucks Corp. |
25.44%
3,277
|
$255,112,000 | 0.07% |
| Cummins Inc. |
0.44%
915
|
$253,391,000 | 0.07% |
| First Tr Value Line Divid In |
Closed
5,962
|
$251,775,000 | |
| Adobe Inc |
5.87%
449
|
$249,437,000 | 0.06% |
| Marathon Pete Corp |
0.07%
1,410
|
$244,607,000 | 0.06% |
| Wp Carey Inc |
0.39%
4,399
|
$242,165,000 | 0.06% |
| Realty Income Corp. |
0.80%
4,512
|
$238,330,000 | 0.06% |
| General Mtrs Co |
0.08%
5,071
|
$235,600,000 | 0.06% |
| J P Morgan Exchange Traded F |
Opened
4,203
|
$233,265,000 | 0.06% |
| Norfolk Southn Corp |
0.28%
1,085
|
$232,939,000 | 0.06% |
| Blackstone Secd Lending Fd |
No change
7,586
|
$232,283,000 | 0.06% |
| Essex Ppty Tr Inc |
0.47%
851
|
$231,659,000 | 0.06% |
| DocuSign Inc |
9.52%
4,303
|
$230,199,000 | 0.06% |
| Pioneer Nat Res Co |
Closed
865
|
$227,051,000 | |
| Dow Inc |
1.07%
4,262
|
$226,114,000 | 0.06% |
| Union Pac Corp |
Closed
918
|
$225,731,000 | |
| Oneok Inc. |
0.07%
2,716
|
$221,490,000 | 0.06% |
| Ishares Tr |
Closed
7,361
|
$430,446,000 | |
| Conocophillips |
1.59%
1,916
|
$219,152,000 | 0.06% |
| DuPont de Nemours Inc |
0.11%
2,711
|
$218,192,000 | 0.06% |
| Wells Fargo Co New |
Closed
3,761
|
$217,988,000 | |
| Idexx Labs Inc |
1.13%
447
|
$217,778,000 | 0.06% |
| Lowes Cos Inc |
No change
976
|
$215,169,000 | 0.06% |
| Grayscale Bitcoin Tr Btc |
Closed
3,395
|
$214,462,000 | |
| Uber Technologies Inc |
Opened
2,946
|
$214,115,000 | 0.06% |
| Nexpoint Diversified Rel Et |
Closed
32,149
|
$212,186,000 | |
| Enbridge Inc |
No change
5,912
|
$210,408,000 | 0.05% |
| Palo Alto Networks Inc |
46.09%
620
|
$210,186,000 | 0.05% |
| MGM Resorts International |
Closed
4,428
|
$209,046,000 | |
| Netflix Inc. |
71.72%
308
|
$207,863,000 | 0.05% |
| Blackrock Inc. |
4.37%
263
|
$207,241,000 | 0.05% |
| Comcast Corp New |
0.19%
5,259
|
$205,932,000 | 0.05% |
| Cigna Group (The) |
Closed
566
|
$205,566,000 | |
| Chipotle Mexican Grill |
Opened
3,274
|
$205,116,000 | 0.05% |
| New Jersey Res Corp |
No change
4,795
|
$204,938,000 | 0.05% |
| Emerson Elec Co |
Closed
1,783
|
$202,250,000 | |
| Waste Mgmt Inc Del |
7.65%
942
|
$200,966,000 | 0.05% |
| Travelers Companies Inc. |
No change
988
|
$200,900,000 | 0.05% |
| Energy Transfer L P |
7.56%
10,997
|
$178,371,000 | 0.05% |
| Soundhound Ai Inc |
Closed
27,717
|
$163,253,000 | |
| Nuveen Amt Free Qlty Mun Inc |
0.56%
13,716
|
$157,180,000 | 0.04% |
| Petroleo Brasileiro Sa Petro |
No change
10,617
|
$153,840,000 | 0.04% |
| Apollo Tactical Income Fd In |
0.12%
10,305
|
$150,864,000 | 0.04% |
| Purecycle Technologies Inc |
8.00%
25,289
|
$149,711,000 | 0.04% |
| Invesco Actvely Mngd Etc Fd |
Opened
10,428
|
$146,513,000 | 0.04% |
| Mainstay Cbre Gbl Infra Meg |
No change
10,548
|
$135,120,000 | 0.04% |
| Sirius XM Holdings Inc |
Closed
10,821
|
$41,984,000 | |
| Opko Health Inc |
No change
20,074
|
$25,093,000 | 0.01% |
| Tellurian Inc |
Closed
10,500
|
$6,945,000 | |
| No transactions found | |||
| Showing first 500 out of 206 holdings | |||
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