Innova Wealth Partners 13F annual report
Innova Wealth Partners is an investment fund managing more than $137 billion ran by Katie Smith. There are currently 55 companies in Mrs. Smith’s portfolio. The largest investments include Spdr Sp 500 Etf Tr and Ishares Tr, together worth $26.4 billion.
$137 billion Assets Under Management (AUM)
As of 6th August 2024, Innova Wealth Partners’s top holding is 17,902 shares of Spdr Sp 500 Etf Tr currently worth over $9.74 billion and making up 7.1% of the portfolio value.
In addition, the fund holds 195,907 shares of Ishares Tr worth $16.7 billion.
The third-largest holding is Litman Gregory Fds Tr worth $6.72 billion and the next is Select Sector Spdr Tr worth $30.1 billion, with 238,390 shares owned.
Currently, Innova Wealth Partners's portfolio is worth at least $137 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 Innova Wealth Partners
The Innova Wealth Partners office and employees reside in Newtown, Pennsylvania. According to the last 13-F report filed with the SEC, Katie Smith serves as the COMPLIANCE CONSULTANT at Innova Wealth Partners.
Recent trades
In the most recent 13F filing, Innova Wealth Partners revealed that it had opened a new position in
Select Sector Spdr Tr and bought 308,619 shares worth $19.3 billion.
The investment fund also strengthened its position in Spdr Sp 500 Etf Tr by buying
11,657 additional shares.
This makes their stake in Spdr Sp 500 Etf Tr total 17,902 shares worth $9.74 billion.
On the other hand, there are companies that Innova Wealth Partners is getting rid of from its portfolio.
Innova Wealth Partners closed its position in Invesco Actvely Mngd Etc Fd on 13th August 2024.
It sold the previously owned 324,459 shares for $4.85 billion.
Katie Smith also disclosed a decreased stake in Ishares Tr by 0.6%.
This leaves the value of the investment at $16.7 billion and 195,907 shares.
One of the smallest hedge funds
The two most similar investment funds to Innova Wealth Partners are Endowment Wealth Management and International City Management Association Retirement Corp. They manage $137 billion and $137 billion respectively.
Katie Smith investment strategy
Innova Wealth Partners’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Miscellaneous — making up 3.3% of
the total portfolio value.
The fund focuses on investments in the United States as
25.5% 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
29% of the total holdings value.
On the other hand, small-cap stocks make up only 3.6% of the portfolio.
The average market cap of the portfolio companies is close to $423 billion.
The complete list of Innova Wealth Partners trades based on 13F SEC filings
These positions were updated on August 13th 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 |
186.66%
17,902
|
$9,742,670,000 | 7.12% |
| Ishares Tr |
60.14%
195,907
|
$16,687,496,000 | 12.19% |
| Litman Gregory Fds Tr |
24.66%
223,631
|
$6,722,348,000 | 4.91% |
| Select Sector Spdr Tr |
1.45%
238,390
|
$30,126,315,000 | 22.00% |
| Select Sector Spdr Tr |
Opened
308,619
|
$19,328,805,000 | 14.12% |
| Invesco Actvely Mngd Etc Fd |
Closed
324,459
|
$4,850,662,000 | |
| Spdr Gold Tr |
62.08%
17,200
|
$3,698,172,000 | 2.70% |
| EA Series Trust |
Opened
31,554
|
$3,401,995,000 | 2.48% |
| Vs Trust |
Opened
71,023
|
$3,385,666,000 | 2.47% |
| Tidal Tr Ii |
Opened
160,947
|
$3,813,446,000 | 2.79% |
| Microsoft Corporation |
27.36%
5,367
|
$2,398,789,000 | 1.75% |
| Vanguard Intl Equity Index F |
214.05%
34,081
|
$2,275,588,000 | 1.66% |
| Apple Inc |
25.59%
10,233
|
$2,155,273,000 | 1.57% |
| Vanguard Tax-managed Fds |
12.60%
42,609
|
$2,105,737,000 | 1.54% |
| Proshares Tr |
0.03%
35,435
|
$2,836,576,000 | 2.07% |
| Vanguard Intl Equity Index F |
Opened
45,190
|
$1,977,502,000 | 1.44% |
| Tidal Tr Ii |
705.67%
95,383
|
$1,746,463,000 | 1.28% |
| Strategy Shs |
29.63%
57,939
|
$1,734,578,000 | 1.27% |
| Vanguard Index Fds |
Opened
4,868
|
$1,302,356,000 | 0.95% |
| Ishares Inc |
28.52%
18,662
|
$1,273,471,000 | 0.93% |
| Vanguard Specialized Funds |
Opened
6,762
|
$1,234,358,000 | 0.90% |
| Vanguard Index Fds |
238.80%
2,026
|
$1,013,284,000 | 0.74% |
| Wisdomtree Tr |
14.59%
22,709
|
$997,173,000 | 0.73% |
| Ishares Tr |
Opened
25,482
|
$2,379,564,000 | 1.74% |
| Eli Lilly Co |
1.23%
1,068
|
$966,946,000 | 0.71% |
| Exxon Mobil Corp. |
3.33%
7,265
|
$836,347,000 | 0.61% |
| Abbvie Inc |
3.92%
4,721
|
$809,700,000 | 0.59% |
| Procter And Gamble Co |
128.18%
4,356
|
$718,337,000 | 0.52% |
| Proshares Tr |
Opened
30,307
|
$1,886,637,000 | 1.38% |
| Amazon.com Inc. |
22.03%
2,997
|
$579,170,000 | 0.42% |
| Unitedhealth Group Inc |
47.90%
1,090
|
$555,123,000 | 0.41% |
| NVIDIA Corp |
Opened
4,344
|
$536,700,000 | 0.39% |
| Pepsico Inc |
9.01%
3,207
|
$528,931,000 | 0.39% |
| VanEck ETF Trust |
33.90%
33,286
|
$1,069,958,000 | 0.78% |
| Johnson Johnson |
53.86%
3,208
|
$468,881,000 | 0.34% |
| GSK Plc |
14.12%
10,111
|
$389,274,000 | 0.28% |
| Main Str Cap Corp |
Opened
7,411
|
$374,181,000 | 0.27% |
| Spdr Index Shs Fds |
Closed
15,466
|
$367,793,000 | |
| Home Depot, Inc. |
30.90%
1,042
|
$358,698,000 | 0.26% |
| Jpmorgan Chase Co. |
Opened
1,760
|
$355,978,000 | 0.26% |
| Chevron Corp. |
24.00%
1,976
|
$309,086,000 | 0.23% |
| Public Svc Enterprise Grp In |
11.11%
4,000
|
$294,800,000 | 0.22% |
| Novo-nordisk A S |
Opened
2,037
|
$290,761,000 | 0.21% |
| Lowes Cos Inc |
Opened
1,300
|
$286,598,000 | 0.21% |
| Invesco Exch Traded Fd Tr Ii |
Closed
25,572
|
$280,017,000 | |
| Direxion Shs Etf Tr |
Opened
5,634
|
$273,249,000 | 0.20% |
| Walmart Inc |
Opened
3,900
|
$264,069,000 | 0.19% |
| Medtronic Plc |
18.65%
3,340
|
$262,891,000 | 0.19% |
| Lockheed Martin Corp. |
Opened
530
|
$247,563,000 | 0.18% |
| Tesla Inc |
Closed
977
|
$244,465,000 | |
| Dorman Prods Inc |
7.30%
2,540
|
$232,359,000 | 0.17% |
| Invesco Exchange Traded Fd T |
Opened
2,211
|
$219,393,000 | 0.16% |
| TotalEnergies SE |
Closed
3,279
|
$215,627,000 | |
| Proshares Tr Ii |
Closed
4,097
|
$215,502,000 | |
| Oneok Inc. |
Opened
2,612
|
$213,024,000 | 0.16% |
| Mcdonalds Corp |
5.87%
834
|
$212,537,000 | 0.16% |
| Qualcomm, Inc. |
Opened
1,065
|
$212,183,000 | 0.15% |
| Comcast Corp New |
0.46%
5,413
|
$211,973,000 | 0.15% |
| Costco Whsl Corp New |
Opened
247
|
$209,948,000 | 0.15% |
| Pfizer Inc. |
Closed
6,262
|
$207,711,000 | |
| Meta Platforms Inc |
Opened
402
|
$202,696,000 | 0.15% |
| Spdr Dow Jones Indl Average |
Opened
514
|
$201,041,000 | 0.15% |
| Direxion Shs Etf Tr |
Closed
30,311
|
$146,099,000 | |
| Vroom Inc. |
Closed
10,000
|
$11,200,000 | |
| No transactions found | |||
| Showing first 500 out of 64 holdings | |||
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