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Kearns & Associates 13F annual report

Kearns & Associates is an investment fund managing more than $134 billion ran by Jeffrey Kearns. There are currently 35 companies in Mr. Kearns’s portfolio. The largest investments include Vanguard Index Fds and Vanguard Tax-managed Fds, together worth $101 billion.

Limited to 30 biggest holdings

$134 billion Assets Under Management (AUM)

As of 25th July 2024, Kearns & Associates’s top holding is 262,364 shares of Vanguard Index Fds currently worth over $88.9 billion and making up 66.4% of the portfolio value. In addition, the fund holds 237,566 shares of Vanguard Tax-managed Fds worth $11.7 billion. The third-largest holding is Spdr S&p 500 Etf Tr worth $5.3 billion and the next is Vanguard Intl Equity Index F worth $4.54 billion, with 103,676 shares owned.

Currently, Kearns & Associates's portfolio is worth at least $134 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 Kearns & Associates

The Kearns & Associates office and employees reside in Palos Verdes Estates, California. According to the last 13-F report filed with the SEC, Jeffrey Kearns serves as the President/CCO at Kearns & Associates.

Recent trades

In the most recent 13F filing, Kearns & Associates revealed that it had opened a new position in Innovator ETFs Trust and bought 6,430 shares worth $250 million. This means they effectively own approximately 0.1% of the company. Innovator ETFs Trust makes up 100.0% of the fund's Miscellaneous sector allocation and has grown its share price by 11.9% in the past year.

The investment fund also strengthened its position in Vanguard Index Fds by buying 3,258 additional shares. This makes their stake in Vanguard Index Fds total 262,364 shares worth $88.9 billion.

On the other hand, there are companies that Kearns & Associates is getting rid of from its portfolio. Kearns & Associates closed its position in PROG on 1st August 2024. It sold the previously owned 1,000 shares for $207 million. Jeffrey Kearns also disclosed a decreased stake in Spdr S&p 500 Etf Tr by approximately 0.1%. This leaves the value of the investment at $5.3 billion and 9,740 shares.

One of the smallest hedge funds

The two most similar investment funds to Kearns & Associates are Keene & Associates and Bradley & Co. Private Wealth Management. They manage $134 billion and $134 billion respectively.


Jeffrey Kearns investment strategy

Kearns & Associates’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 3.9% of the total portfolio value. The fund focuses on investments in the United States as 48.6% 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 5.7% of the portfolio. The average market cap of the portfolio companies is close to $395 billion.

The complete list of Kearns & Associates trades based on 13F SEC filings

These positions were updated on August 1st 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
Vanguard Index Fds
1.26%
262,364
$88,930,501,000 66.40%
Vanguard Tax-managed Fds
1.34%
237,566
$11,740,500,000 8.77%
Spdr S&p 500 Etf Tr
0.74%
9,740
$5,300,703,000 3.96%
Vanguard Intl Equity Index F
1.65%
103,676
$4,536,856,000 3.39%
Apple Inc
No change
20,728
$4,365,731,000 3.26%
Microsoft Corporation
No change
4,300
$1,921,885,000 1.44%
Schwab Strategic Tr
2.20%
64,003
$2,159,657,000 1.61%
Amazon.com Inc.
No change
4,660
$900,545,000 0.67%
Alphabet Inc
No change
9,600
$1,754,736,000 1.31%
Visa Inc
No change
3,200
$839,904,000 0.63%
Ishares Tr
No change
14,639
$1,726,302,000 1.29%
Bank America Corp
No change
19,500
$775,515,000 0.58%
Thermo Fisher Scientific Inc.
1.43%
1,380
$763,140,000 0.57%
Occidental Pete Corp
No change
10,800
$680,724,000 0.51%
Schwab Charles Corp
No change
9,000
$663,210,000 0.50%
American Express Co.
No change
2,800
$648,340,000 0.48%
Marsh & McLennan Cos., Inc.
No change
2,860
$602,659,000 0.45%
Herbalife Ltd
No change
56,900
$591,191,000 0.44%
Goldman Sachs Group, Inc.
No change
1,000
$452,320,000 0.34%
Wells Fargo Co New
No change
7,000
$415,730,000 0.31%
JPMorgan Chase & Co.
No change
1,960
$396,430,000 0.30%
Qualcomm, Inc.
No change
1,905
$379,438,000 0.28%
Stryker Corp.
No change
960
$326,640,000 0.24%
Capital One Finl Corp
No change
2,170
$300,437,000 0.22%
Disney Walt Co
No change
3,020
$299,856,000 0.22%
Johnson Ctls Intl Plc
No change
4,500
$299,115,000 0.22%
Equinix Inc
No change
385
$291,291,000 0.22%
Conocophillips
No change
2,482
$283,891,000 0.21%
Baker Hughes Company
No change
7,500
$263,775,000 0.20%
Innovator ETFs Trust
Opened
6,430
$249,806,000 0.19%
Danaher Corp.
No change
910
$227,364,000 0.17%
Lowes Cos Inc
No change
1,000
$220,460,000 0.16%
Progressive Corp.
Opened
1,000
$207,710,000 0.16%
PROG Holdings, Inc.
Closed
1,000
$206,820,000
Johnson & Johnson
No change
1,400
$204,624,000 0.15%
Bristol-Myers Squibb Co.
Closed
3,770
$204,447,000
Union Pac Corp
No change
900
$203,634,000 0.15%
No transactions found
Showing first 500 out of 37 holdings

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