Firstpurpose Wealth 13F annual report
Firstpurpose Wealth is an investment fund managing more than $231 billion ran by Scott Carlson. There are currently 149 companies in Mr. Carlson’s portfolio. The largest investments include Dimensional Etf Trust and Vanguard Bd Index Fds, together worth $97.4 billion.
$231 billion Assets Under Management (AUM)
As of 23rd October 2023, Firstpurpose Wealth’s top holding is 3,234,546 shares of Dimensional Etf Trust currently worth over $89.8 billion and making up 38.9% of the portfolio value.
In addition, the fund holds 109,910 shares of Vanguard Bd Index Fds worth $7.67 billion.
The third-largest holding is PROG worth $6.08 billion and the next is Ncino worth $4.76 billion, with 149,781 shares owned.
Currently, Firstpurpose Wealth's portfolio is worth at least $231 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 Firstpurpose Wealth
The Firstpurpose Wealth office and employees reside in Orem, Utah. According to the last 13-F report filed with the SEC, Scott Carlson serves as the Chief Compliance Officer at Firstpurpose Wealth.
Recent trades
In the most recent 13F filing, Firstpurpose Wealth revealed that it had opened a new position in
Ishares Tr and bought 25,888 shares worth $2.23 billion.
The investment fund also strengthened its position in Dimensional Etf Trust by buying
110,423 additional shares.
This makes their stake in Dimensional Etf Trust total 3,234,546 shares worth $89.8 billion.
On the other hand, there are companies that Firstpurpose Wealth is getting rid of from its portfolio.
Firstpurpose Wealth closed its position in Ishares Tr on 30th October 2023.
It sold the previously owned 23,574 shares for $2.36 billion.
Scott Carlson also disclosed a decreased stake in Ncino by approximately 0.1%.
This leaves the value of the investment at $4.76 billion and 149,781 shares.
One of the smaller hedge funds
The two most similar investment funds to Firstpurpose Wealth are Toronado Partners and Windmill Hill Asset Management Ltd. They manage $231 billion and $231 billion respectively.
Scott Carlson investment strategy
Firstpurpose Wealth’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 6.1% of
the total portfolio value.
The fund focuses on investments in the United States as
43.0% 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
43% of the total holdings value.
On the other hand, small-cap stocks make up only 0.7% of the portfolio.
The average market cap of the portfolio companies is close to $190 billion.
The complete list of Firstpurpose Wealth trades based on 13F SEC filings
These positions were updated on October 30th 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 |
3.53%
3,234,546
|
$89,774,736,000 | 38.92% |
| Vanguard Bd Index Fds |
8.26%
109,910
|
$7,669,520,000 | 3.33% |
| PROG Holdings, Inc. |
No change
183,146
|
$6,082,279,000 | 2.64% |
| Ncino, Inc. |
0.09%
149,781
|
$4,763,036,000 | 2.06% |
| J P Morgan Exchange Traded F |
5.68%
99,755
|
$4,955,416,000 | 2.15% |
| Phillips Edison Co Inc |
4.48%
128,174
|
$4,298,956,000 | 1.86% |
| Vanguard Malvern Fds |
9.12%
73,790
|
$3,488,791,000 | 1.51% |
| Spdr Ser Tr |
20.55%
257,156
|
$10,692,661,000 | 4.64% |
| Ishares Tr |
22.55%
219,953
|
$8,792,142,000 | 3.81% |
| Vanguard Scottsdale Fds |
8.47%
56,048
|
$3,308,667,000 | 1.43% |
| Amazon.com Inc. |
8.36%
21,681
|
$2,756,118,000 | 1.19% |
| Fs Kkr Cap Corp |
4.95%
133,214
|
$2,622,985,000 | 1.14% |
| BondBloxx ETF Trust |
11.82%
51,215
|
$2,574,578,000 | 1.12% |
| Cion Invt Corp |
0.71%
203,557
|
$2,151,602,000 | 0.93% |
| Tesla Inc |
1.74%
8,547
|
$2,138,656,000 | 0.93% |
| Extra Space Storage Inc. |
0.19%
15,986
|
$1,943,566,000 | 0.84% |
| Microsoft Corporation |
0.53%
5,821
|
$1,837,987,000 | 0.80% |
| Northrop Grumman Corp. |
0.05%
4,143
|
$1,823,707,000 | 0.79% |
| Fidelity Merrimack Str Tr |
6.94%
37,657
|
$1,640,339,000 | 0.71% |
| Ishares Tr |
Opened
25,888
|
$2,228,056,000 | 0.97% |
| Unitedhealth Group Inc |
0.84%
2,878
|
$1,451,059,000 | 0.63% |
| Wisdomtree Tr |
10.42%
32,911
|
$1,720,667,000 | 0.75% |
| Ishares Tr |
Closed
23,574
|
$2,357,189,000 | |
| Adobe Inc |
0.35%
2,596
|
$1,323,700,000 | 0.57% |
| Berkshire Hathaway Inc. |
7.83%
3,374
|
$1,181,912,000 | 0.51% |
| Netflix Inc. |
1.23%
3,054
|
$1,153,190,000 | 0.50% |
| Alphabet Inc |
0.09%
14,119
|
$1,856,051,000 | 0.80% |
| Vanguard Index Fds |
2.79%
17,481
|
$3,061,131,000 | 1.33% |
| Novo-nordisk A S |
176.50%
11,848
|
$1,077,457,000 | 0.47% |
| Spdr Index Shs Fds |
9.97%
50,674
|
$1,613,856,000 | 0.70% |
| Schwab Strategic Tr |
10.78%
68,918
|
$3,102,795,000 | 1.35% |
| ServiceNow Inc |
0.74%
1,780
|
$994,949,000 | 0.43% |
| Visa Inc |
1.97%
4,323
|
$994,333,000 | 0.43% |
| Accenture Plc Ireland |
0.63%
3,171
|
$973,846,000 | 0.42% |
| Cisco Sys Inc |
11.00%
17,025
|
$915,264,000 | 0.40% |
| Etfis Ser Tr I |
33.21%
51,707
|
$898,109,000 | 0.39% |
| Mastercard Incorporated |
1.67%
2,172
|
$859,917,000 | 0.37% |
| Jpmorgan Chase Co |
2.00%
5,876
|
$852,138,000 | 0.37% |
| Virtus Etf Tr Ii |
159.67%
34,650
|
$827,442,000 | 0.36% |
| Medtronic Plc |
10.38%
10,517
|
$824,112,000 | 0.36% |
| Apple Inc |
17.66%
4,808
|
$823,221,000 | 0.36% |
| Salesforce Inc |
0.92%
3,713
|
$752,922,000 | 0.33% |
| Eaton Corp Plc |
No change
3,311
|
$706,170,000 | 0.31% |
| Franklin Templeton Etf Tr |
100.70%
44,470
|
$1,288,119,000 | 0.56% |
| RTX Corp |
0.62%
9,475
|
$681,916,000 | 0.30% |
| Select Sector Spdr Tr |
No change
20,100
|
$666,717,000 | 0.29% |
| Disney Walt Co |
0.05%
7,869
|
$637,793,000 | 0.28% |
| Airbnb, Inc. |
0.93%
4,553
|
$624,717,000 | 0.27% |
| Dimensional Etf Trust |
Opened
23,505
|
$923,279,000 | 0.40% |
| Home Depot, Inc. |
3.75%
2,001
|
$604,757,000 | 0.26% |
| Verizon Communications Inc |
14.62%
18,485
|
$599,099,000 | 0.26% |
| Abbott Labs |
0.73%
6,160
|
$596,596,000 | 0.26% |
| Vanguard Specialized Funds |
7.63%
3,828
|
$594,795,000 | 0.26% |
| Wells Fargo Co New |
29.45%
13,645
|
$557,554,000 | 0.24% |
| Abbvie Inc |
6.32%
3,650
|
$544,123,000 | 0.24% |
| PayPal Holdings Inc |
0.03%
9,222
|
$539,118,000 | 0.23% |
| Chevron Corp. |
0.03%
3,030
|
$510,919,000 | 0.22% |
| Comcast Corp New |
1.69%
11,483
|
$509,156,000 | 0.22% |
| World Gold Tr |
16.47%
13,538
|
$496,303,000 | 0.22% |
| Unilever plc |
27.46%
9,728
|
$480,563,000 | 0.21% |
| Philip Morris International Inc |
7.54%
5,080
|
$470,306,000 | 0.20% |
| Drilling Tools Intl Corp |
No change
120,573
|
$470,235,000 | 0.20% |
| American Express Co. |
0.99%
3,049
|
$454,880,000 | 0.20% |
| General Electric Co. |
0.49%
4,068
|
$449,745,000 | 0.19% |
| Procter And Gamble Co |
0.68%
3,070
|
$447,790,000 | 0.19% |
| Johnson Johnson |
6.10%
2,830
|
$440,799,000 | 0.19% |
| Autodesk Inc. |
0.19%
2,116
|
$437,822,000 | 0.19% |
| Nike, Inc. |
0.79%
4,546
|
$434,689,000 | 0.19% |
| Becton Dickinson Co |
9.13%
1,672
|
$432,262,000 | 0.19% |
| Coca-Cola Co |
3.89%
7,322
|
$409,886,000 | 0.18% |
| Thermo Fisher Scientific Inc. |
1.82%
808
|
$408,985,000 | 0.18% |
| Walmart Inc |
4.54%
2,523
|
$403,503,000 | 0.17% |
| Oracle Corp. |
0.99%
3,807
|
$403,237,000 | 0.17% |
| Sap SE |
10.22%
2,977
|
$384,986,000 | 0.17% |
| Icon Plc |
2.65%
1,547
|
$380,949,000 | 0.17% |
| West Pharmaceutical Svsc Inc |
8.04%
1,007
|
$377,836,000 | 0.16% |
| Zoetis Inc |
0.19%
2,130
|
$370,577,000 | 0.16% |
| Energy Transfer L P |
8.29%
26,139
|
$366,730,000 | 0.16% |
| CVS Health Corp |
6.38%
5,235
|
$365,508,000 | 0.16% |
| Vanguard Tax-managed Fds |
1.09%
8,335
|
$364,386,000 | 0.16% |
| Peakstone Realty Trust |
8.15%
21,824
|
$363,151,000 | 0.16% |
| Cigna Group (The) |
1.69%
1,267
|
$362,451,000 | 0.16% |
| Pool Corporation |
2.58%
995
|
$354,320,000 | 0.15% |
| Qualcomm, Inc. |
21.65%
3,017
|
$335,068,000 | 0.15% |
| Williams Cos Inc |
1.15%
9,883
|
$332,958,000 | 0.14% |
| Agnico Eagle Mines Ltd |
3.76%
7,174
|
$326,058,000 | 0.14% |
| Pepsico Inc |
1.12%
1,897
|
$321,428,000 | 0.14% |
| Bank America Corp |
2.83%
11,638
|
$318,639,000 | 0.14% |
| Pfizer Inc. |
13.96%
9,569
|
$317,413,000 | 0.14% |
| Exxon Mobil Corp. |
2.51%
2,696
|
$316,940,000 | 0.14% |
| Vanguard Admiral Fds Inc |
No change
4,000
|
$311,657,000 | 0.14% |
| General Dynamics Corp. |
1.82%
1,404
|
$310,242,000 | 0.13% |
| Brookfield Corp |
3.17%
9,866
|
$308,510,000 | 0.13% |
| Asml Holding N V |
13.94%
523
|
$307,869,000 | 0.13% |
| Targa Res Corp |
No change
3,575
|
$306,449,000 | 0.13% |
| Duke Energy Corp. |
1.17%
3,462
|
$305,581,000 | 0.13% |
| Pge Corp |
2.14%
18,927
|
$305,293,000 | 0.13% |
| Gartner, Inc. |
0.45%
885
|
$304,095,000 | 0.13% |
| MPLX LP |
8.64%
8,483
|
$301,740,000 | 0.13% |
| Marathon Pete Corp |
0.87%
1,977
|
$299,199,000 | 0.13% |
| Enbridge Inc |
4.35%
8,903
|
$298,213,000 | 0.13% |
| Cooper Cos Inc |
5.53%
916
|
$291,297,000 | 0.13% |
| J P Morgan Exchange Traded F |
Opened
5,390
|
$288,706,000 | 0.13% |
| Fox Factory Hldg Corp |
6.72%
2,907
|
$288,026,000 | 0.12% |
| Vanguard World Fds |
4.66%
4,866
|
$839,035,000 | 0.36% |
| Ryan Specialty Holdings Inc |
3.35%
5,867
|
$283,963,000 | 0.12% |
| Lowes Cos Inc |
6.22%
1,350
|
$280,584,000 | 0.12% |
| Merck Co Inc |
2.59%
2,698
|
$277,759,000 | 0.12% |
| Workday Inc |
1.45%
1,263
|
$271,356,000 | 0.12% |
| Western Midstream Partners L |
No change
9,938
|
$270,612,000 | 0.12% |
| Conocophillips |
2.15%
2,228
|
$266,914,000 | 0.12% |
| Aon plc. |
2.50%
820
|
$265,860,000 | 0.12% |
| Linde Plc. |
3.34%
712
|
$265,113,000 | 0.11% |
| Firstenergy Corp. |
1.99%
7,747
|
$264,792,000 | 0.11% |
| Mcdonalds Corp |
4.80%
1,005
|
$264,757,000 | 0.11% |
| Enterprise Prods Partners L |
14.16%
9,673
|
$264,750,000 | 0.11% |
| Corning, Inc. |
15.34%
8,631
|
$262,987,000 | 0.11% |
| Sony Group Corp |
5.41%
3,158
|
$260,251,000 | 0.11% |
| Illumina Inc |
1.13%
1,885
|
$258,773,000 | 0.11% |
| FMC Corp. |
Closed
2,459
|
$256,572,000 | |
| Freeport-McMoRan Inc |
1.33%
6,869
|
$256,145,000 | 0.11% |
| Canadian Pacific Kansas City |
4.75%
3,399
|
$252,920,000 | 0.11% |
| 3M Co. |
25.35%
2,616
|
$244,955,000 | 0.11% |
| Monolithic Pwr Sys Inc |
Closed
453
|
$244,724,000 | |
| Oneok Inc. |
Opened
3,815
|
$241,955,000 | 0.10% |
| Bentley Sys Inc |
1.76%
4,812
|
$241,370,000 | 0.10% |
| NVIDIA Corp |
3.77%
551
|
$239,613,000 | 0.10% |
| TechnipFMC plc |
22.88%
11,739
|
$238,771,000 | 0.10% |
| Applied Matls Inc |
16.32%
1,712
|
$237,026,000 | 0.10% |
| Diageo plc |
Closed
1,346
|
$233,504,000 | |
| Magellan Midstream Prtnrs Lp |
Closed
3,600
|
$224,352,000 | |
| Union Pac Corp |
Closed
1,088
|
$222,627,000 | |
| Managed Portfolio Series |
Opened
9,091
|
$222,275,000 | 0.10% |
| Copart, Inc. |
91.51%
5,123
|
$220,750,000 | 0.10% |
| Southwest Airls Co |
Closed
6,055
|
$219,252,000 | |
| e.l.f. Beauty Inc |
0.94%
1,993
|
$218,891,000 | 0.09% |
| Enlink Midstream LLC |
No change
17,400
|
$212,628,000 | 0.09% |
| Entegris Inc |
Closed
1,907
|
$211,334,000 | |
| Comfort Sys Usa Inc |
Opened
1,233
|
$210,116,000 | 0.09% |
| Ametek Inc |
3.28%
1,418
|
$209,524,000 | 0.09% |
| Att Inc |
37.12%
13,929
|
$209,207,000 | 0.09% |
| American Intl Group Inc |
Opened
3,446
|
$208,828,000 | 0.09% |
| Humana Inc. |
Opened
427
|
$207,752,000 | 0.09% |
| Barrick Gold Corp. |
18.04%
14,268
|
$207,599,000 | 0.09% |
| Bristol-Myers Squibb Co. |
Closed
3,240
|
$207,198,000 | |
| Metlife Inc |
Opened
3,275
|
$206,030,000 | 0.09% |
| Teradata Corp |
2.26%
4,563
|
$205,426,000 | 0.09% |
| Global X Fds |
1.91%
8,638
|
$205,066,000 | 0.09% |
| Brightspire Capital Inc |
13.32%
32,323
|
$202,342,000 | 0.09% |
| C.H. Robinson Worldwide, Inc. |
Closed
2,130
|
$200,966,000 | |
| AES Corp. |
Opened
11,878
|
$180,546,000 | 0.08% |
| Blackstone Strategic Cred 20 |
No change
15,000
|
$164,850,000 | 0.07% |
| Azul S.A. |
No change
17,000
|
$146,030,000 | 0.06% |
| Herbalife Ltd |
No change
10,406
|
$145,580,000 | 0.06% |
| Blackrock Res Commodities |
No change
12,500
|
$115,125,000 | 0.05% |
| Haleon Plc |
6.18%
12,362
|
$102,975,000 | 0.04% |
| Augmedix Inc |
1.60%
13,110
|
$67,517,000 | 0.03% |
| Streamline Health Solutions, Inc |
0.02%
14,148
|
$13,688,000 | 0.01% |
| Qurate Retail Inc |
1.35%
14,955
|
$9,072,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 159 holdings | |||
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