Straight Path Wealth Management 13F annual report
Straight Path Wealth Management is an investment fund managing more than $194 billion ran by Matthew Boersen. There are currently 45 companies in Mr. Boersen’s portfolio. The largest investments include Dimensional Etf Trust and Tesla Inc, together worth $95.9 billion.
$194 billion Assets Under Management (AUM)
As of 8th August 2024, Straight Path Wealth Management’s top holding is 2,346,389 shares of Dimensional Etf Trust currently worth over $70.2 billion and making up 36.2% of the portfolio value.
In addition, the fund holds 129,838 shares of Tesla Inc worth $25.7 billion, whose value grew 0.5% in the past six months.
The third-largest holding is Ishares Tr worth $38.1 billion and the next is Invesco Exch Trd Slf Idx Fd worth $30.9 billion, with 1,577,929 shares owned.
Currently, Straight Path Wealth Management's portfolio is worth at least $194 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 Straight Path Wealth Management
The Straight Path Wealth Management office and employees reside in Jenison, Michigan. According to the last 13-F report filed with the SEC, Matthew Boersen serves as the CCO at Straight Path Wealth Management.
Recent trades
In the most recent 13F filing, Straight Path Wealth Management revealed that it had opened a new position in
3M Co and bought 10,000 shares worth $1.02 billion.
This means they effectively own approximately 0.1% of the company.
3M Co makes up
100.0%
of the fund's Industrials sector allocation and has grown its share price by 24.7% in the past year.
The investment fund also strengthened its position in Dimensional Etf Trust by buying
266,724 additional shares.
This makes their stake in Dimensional Etf Trust total 2,346,389 shares worth $70.2 billion.
On the other hand, there are companies that Straight Path Wealth Management is getting rid of from its portfolio.
Straight Path Wealth Management closed its position in 3M Co on 15th August 2024.
It sold the previously owned 10,000 shares for $1.06 billion.
Matthew Boersen also disclosed a decreased stake in Tesla Inc by approximately 0.1%.
This leaves the value of the investment at $25.7 billion and 129,838 shares.
One of the smallest hedge funds
The two most similar investment funds to Straight Path Wealth Management are Smith Shellnut Wilson adv and Rockingstone Advisors. They manage $194 billion and $194 billion respectively.
Matthew Boersen investment strategy
Straight Path Wealth Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 13.7% of
the total portfolio value.
The fund focuses on investments in the United States as
28.9% 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
24% of the total holdings value.
On the other hand, small-cap stocks make up only 8.9% of the portfolio.
The average market cap of the portfolio companies is close to $296 billion.
The complete list of Straight Path Wealth Management trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| Dimensional Etf Trust |
12.83%
2,346,389
|
$70,214,526,000 | 36.18% |
| Tesla Inc |
3.65%
129,838
|
$25,692,343,000 | 13.24% |
| Ishares Tr |
7.66%
835,889
|
$38,101,710,000 | 19.63% |
| Invesco Exch Trd Slf Idx Fd |
14.01%
1,577,929
|
$30,884,105,000 | 15.91% |
| KraneShares Trust |
14.26%
239,454
|
$4,432,301,000 | 2.28% |
| Vanguard Bd Index Fds |
20.37%
28,366
|
$2,043,777,000 | 1.05% |
| B. Riley Financial Inc |
15.80%
65,000
|
$1,146,600,000 | 0.59% |
| Teva Pharmaceutical Inds Ltd |
No change
66,000
|
$1,072,500,000 | 0.55% |
| 3M Co. |
Closed
10,000
|
$1,060,700,000 | |
| Pfizer Inc. |
21.35%
37,025
|
$1,035,960,000 | 0.53% |
| 3M Co. |
Opened
10,000
|
$1,021,900,000 | 0.53% |
| Apple Inc |
5.00%
4,182
|
$880,813,000 | 0.45% |
| Innovator ETFs Trust |
1.65%
108,083
|
$3,708,311,000 | 1.91% |
| XPO Inc |
Closed
6,402
|
$781,236,000 | |
| Palantir Technologies Inc. |
7.05%
30,350
|
$768,766,000 | 0.40% |
| Altria Group Inc. |
0.04%
16,701
|
$760,716,000 | 0.39% |
| Vanguard Charlotte Fds |
13.16%
15,147
|
$737,213,000 | 0.38% |
| Walgreens Boots Alliance Inc |
2.83%
54,500
|
$659,178,000 | 0.34% |
| Ark Etf Tr |
2.72%
13,230
|
$581,459,000 | 0.30% |
| Old Natl Bancorp Ind |
No change
31,473
|
$541,021,000 | 0.28% |
| Gxo Logistics Incorporated |
Closed
9,082
|
$488,248,000 | |
| Lyondellbasell Industries N |
No change
5,000
|
$478,300,000 | 0.25% |
| Chevron Corp. |
0.03%
2,982
|
$466,444,000 | 0.24% |
| Sentinelone Inc |
4.88%
21,500
|
$452,575,000 | 0.23% |
| Spdr S&p 500 Etf Tr |
No change
831
|
$452,247,000 | 0.23% |
| Eog Res Inc |
No change
3,518
|
$442,811,000 | 0.23% |
| BP plc |
19.72%
12,142
|
$438,326,000 | 0.23% |
| Taiwan Semiconductor Mfg Ltd |
No change
2,500
|
$434,525,000 | 0.22% |
| Tidal Tr Ii |
16.50%
67,158
|
$1,268,752,000 | 0.65% |
| Bhp Group Ltd |
1.42%
7,150
|
$408,194,000 | 0.21% |
| Simplify Exchange Traded Fun |
33.95%
22,885
|
$637,755,000 | 0.33% |
| Invesco Exchange Traded Fd T |
Closed
16,828
|
$347,490,000 | |
| Schwab Strategic Tr |
0.23%
3,920
|
$304,819,000 | 0.16% |
| UiPath, Inc. |
0.09%
23,000
|
$291,640,000 | 0.15% |
| Ishares Tr |
Opened
11,363
|
$281,462,000 | 0.15% |
| EA Series Trust |
Opened
2,412
|
$260,050,000 | 0.13% |
| Microsoft Corporation |
No change
576
|
$257,645,000 | 0.13% |
| Innovator ETFs Trust |
Opened
29,683
|
$911,289,000 | 0.47% |
| Invesco Mortgage Capital Inc |
No change
25,000
|
$234,250,000 | 0.12% |
| Select Sector Spdr Tr |
5.32%
1,881
|
$229,183,000 | 0.12% |
| Devon Energy Corp. |
17.50%
4,700
|
$222,780,000 | 0.11% |
| Ford Mtr Co Del |
1.78%
17,201
|
$215,701,000 | 0.11% |
| Select Sector Spdr Tr |
Opened
3,229
|
$415,512,000 | 0.21% |
| Pimco Strategic Income Fd |
17.14%
27,436
|
$170,375,000 | 0.09% |
| Ecopetrol S A |
7.35%
14,600
|
$163,374,000 | 0.08% |
| Tidal Tr Ii |
Opened
11,700
|
$157,833,000 | 0.08% |
| Rocket Lab Usa Inc |
0.07%
28,200
|
$135,360,000 | 0.07% |
| Lumen Technologies, Inc. |
No change
40,000
|
$44,000,000 | 0.02% |
| Lineage Cell Therapeutics In |
No change
16,200
|
$16,156,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 49 holdings | |||
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