Fingerlakes Wealth Management 13F annual report
Fingerlakes Wealth Management is an investment fund managing more than $96.5 billion ran by Marshall Mccormick. There are currently 53 companies in Mr. Mccormick’s portfolio. The largest investments include Apple Inc and Vanguard World Fd, together worth $21.5 billion.
$96.5 billion Assets Under Management (AUM)
As of 17th April 2024, Fingerlakes Wealth Management’s top holding is 35,721 shares of Apple Inc currently worth over $6.13 billion and making up 6.3% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Fingerlakes Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 80,671 shares of Vanguard World Fd worth $15.4 billion.
The third-largest holding is Vanguard Index Fds worth $12 billion and the next is Spdr Dow Jones Indl Average worth $2.85 billion, with 7,163 shares owned.
Currently, Fingerlakes Wealth Management's portfolio is worth at least $96.5 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 Fingerlakes Wealth Management
The Fingerlakes Wealth Management office and employees reside in Ithaca, New York. According to the last 13-F report filed with the SEC, Marshall Mccormick serves as the Chief Compliance Officer at Fingerlakes Wealth Management.
Recent trades
In the most recent 13F filing, Fingerlakes Wealth Management revealed that it had opened a new position in
Invesco Exch Traded Fd Tr Ii and bought 14,519 shares worth $642 million.
The investment fund also strengthened its position in Vanguard World Fd by buying
2,448 additional shares.
This makes their stake in Vanguard World Fd total 80,671 shares worth $15.4 billion.
On the other hand, there are companies that Fingerlakes Wealth Management is getting rid of from its portfolio.
Fingerlakes Wealth Management closed its position in Vanguard Scottsdale Fds on 24th April 2024.
It sold the previously owned 8,281 shares for $639 million.
Marshall Mccormick also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $6.13 billion and 35,721 shares.
One of the smallest hedge funds
The two most similar investment funds to Fingerlakes Wealth Management are Stevard and Wfa Of San Diego. They manage $96.5 billion and $96.4 billion respectively.
Marshall Mccormick investment strategy
Fingerlakes Wealth Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 8.2% of
the total portfolio value.
The fund focuses on investments in the United States as
30.2% 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
30% of the total holdings value.
On the other hand, small-cap stocks make up only 3.8% of the portfolio.
The average market cap of the portfolio companies is close to $414 billion.
The complete list of Fingerlakes Wealth Management trades based on 13F SEC filings
These positions were updated on April 24th 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 |
1.26%
35,721
|
$6,125,436,000 | 6.35% |
| Vanguard World Fd |
3.13%
80,671
|
$15,351,865,000 | 15.91% |
| Vanguard Index Fds |
1.26%
53,146
|
$11,978,661,000 | 12.42% |
| Spdr Dow Jones Indl Average |
0.25%
7,163
|
$2,849,085,000 | 2.95% |
| Fidelity Covington Trust |
69.99%
17,550
|
$2,734,936,000 | 2.84% |
| Ishares Tr |
1.01%
145,261
|
$11,730,074,000 | 12.16% |
| Berkshire Hathaway Inc. |
0.10%
5,934
|
$2,495,424,000 | 2.59% |
| Spdr Index Shs Fds |
6.88%
34,441
|
$2,851,575,000 | 2.96% |
| Microsoft Corporation |
21.24%
5,355
|
$2,252,814,000 | 2.34% |
| Spdr Ser Tr |
0.80%
116,448
|
$7,274,707,000 | 7.54% |
| Schwab Strategic Tr |
22.61%
27,091
|
$2,461,034,000 | 2.55% |
| Lowes Cos Inc |
0.29%
8,065
|
$2,054,452,000 | 2.13% |
| Dbx Etf Tr |
11.99%
35,175
|
$1,736,220,000 | 1.80% |
| CSX Corp. |
6.81%
44,897
|
$1,664,325,000 | 1.73% |
| Vanguard Intl Equity Index F |
0.80%
14,531
|
$1,605,689,000 | 1.66% |
| Applied Matls Inc |
3.02%
7,128
|
$1,469,983,000 | 1.52% |
| Select Sector Spdr Tr |
12.83%
9,269
|
$1,717,157,000 | 1.78% |
| Spdr Sp 500 Etf Tr |
1.19%
2,374
|
$1,241,697,000 | 1.29% |
| Home Depot, Inc. |
0.20%
3,063
|
$1,175,079,000 | 1.22% |
| NextEra Energy Inc |
1.31%
15,623
|
$998,489,000 | 1.04% |
| Eli Lilly Co |
0.35%
1,159
|
$901,738,000 | 0.93% |
| Alphabet Inc |
2.22%
9,061
|
$1,373,102,000 | 1.42% |
| First Tr Nasdaq 100 Tech Ind |
4.94%
3,656
|
$697,083,000 | 0.72% |
| Amazon.com Inc. |
5.05%
3,632
|
$655,104,000 | 0.68% |
| J P Morgan Exchange Traded F |
55.60%
6,876
|
$649,263,000 | 0.67% |
| Nushares Etf Tr |
8.10%
25,595
|
$945,594,000 | 0.98% |
| Vanguard Whitehall Fds |
13.34%
5,133
|
$621,058,000 | 0.64% |
| Mcdonalds Corp |
0.83%
1,919
|
$541,105,000 | 0.56% |
| Lockheed Martin Corp. |
4.71%
1,153
|
$524,459,000 | 0.54% |
| Johnson Johnson |
3.30%
3,282
|
$519,258,000 | 0.54% |
| Caterpillar Inc. |
1.28%
1,388
|
$508,472,000 | 0.53% |
| Invesco Exchange Traded Fd T |
1.84%
5,383
|
$476,114,000 | 0.49% |
| Equinix Inc |
6.68%
545
|
$450,013,000 | 0.47% |
| Vanguard Specialized Funds |
0.36%
2,222
|
$405,809,000 | 0.42% |
| Mondelez International Inc. |
8.16%
5,399
|
$377,913,000 | 0.39% |
| Vanguard Scottsdale Fds |
Closed
8,281
|
$639,013,000 | |
| Invesco Exch Traded Fd Tr Ii |
Opened
14,519
|
$642,201,000 | 0.67% |
| Vanguard Scottsdale Fds |
30.16%
3,841
|
$309,202,000 | 0.32% |
| Ishares Tr |
Closed
2,837
|
$305,314,000 | |
| Vanguard Malvern Fds |
4.59%
6,179
|
$295,889,000 | 0.31% |
| Wisdomtree Tr |
1.93%
2,800
|
$284,972,000 | 0.30% |
| Procter And Gamble Co |
0.45%
1,752
|
$284,282,000 | 0.29% |
| NVIDIA Corp |
Opened
313
|
$282,508,000 | 0.29% |
| Cisco Sys Inc |
1.25%
5,585
|
$278,767,000 | 0.29% |
| Vanguard Tax-managed Fds |
5.63%
5,458
|
$273,839,000 | 0.28% |
| Merck Co Inc |
7.81%
2,007
|
$264,848,000 | 0.27% |
| Pepsico Inc |
1.01%
1,477
|
$258,438,000 | 0.27% |
| C.H. Robinson Worldwide, Inc. |
12.47%
3,361
|
$255,923,000 | 0.27% |
| Spdr Ser Tr |
Opened
2,753
|
$240,289,000 | 0.25% |
| International Business Machs |
Opened
1,254
|
$239,420,000 | 0.25% |
| Ishares Tr |
Opened
6,183
|
$442,382,000 | 0.46% |
| Sempra |
17.40%
3,293
|
$236,565,000 | 0.25% |
| British Amern Tob Plc |
Closed
6,911
|
$229,461,000 | |
| Fidelity Covington Trust |
Opened
8,694
|
$226,830,000 | 0.24% |
| Oracle Corp. |
Opened
1,696
|
$213,026,000 | 0.22% |
| Western Un Co |
Closed
11,303
|
$132,586,000 | |
| Planet Labs Pbc |
No change
10,000
|
$25,500,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 57 holdings | |||
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