Primoris Wealth Advisors 13F annual report
Primoris Wealth Advisors is an investment fund managing more than $125 billion ran by Raymond Eaton. There are currently 80 companies in Mr. Eaton’s portfolio. The largest investments include Fidelity Merrimack Str Tr and Amazon.com, together worth $11.9 billion.
$125 billion Assets Under Management (AUM)
As of 25th July 2024, Primoris Wealth Advisors’s top holding is 139,983 shares of Fidelity Merrimack Str Tr currently worth over $6.29 billion and making up 5.0% of the portfolio value.
In addition, the fund holds 28,903 shares of Amazon.com worth $5.59 billion, whose value grew 17.4% in the past six months.
The third-largest holding is Fidelity Covington Trust worth $9.27 billion and the next is NVIDIA Corp worth $5.42 billion, with 43,890 shares owned.
Currently, Primoris Wealth Advisors's portfolio is worth at least $125 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 Primoris Wealth Advisors
The Primoris Wealth Advisors office and employees reside in North Palm Beach, Florida. According to the last 13-F report filed with the SEC, Raymond Eaton serves as the CCO at Primoris Wealth Advisors.
Recent trades
In the most recent 13F filing, Primoris Wealth Advisors revealed that it had opened a new position in
Ishares Tr and bought 59,872 shares worth $5.21 billion.
The investment fund also strengthened its position in Fidelity Merrimack Str Tr by buying
10,906 additional shares.
This makes their stake in Fidelity Merrimack Str Tr total 139,983 shares worth $6.29 billion.
On the other hand, there are companies that Primoris Wealth Advisors is getting rid of from its portfolio.
Primoris Wealth Advisors closed its position in Universal Display on 1st August 2024.
It sold the previously owned 20,268 shares for $3.87 billion.
Raymond Eaton also disclosed a decreased stake in Apple Inc by 0.1%.
This leaves the value of the investment at $4.67 billion and 22,179 shares.
One of the smallest hedge funds
The two most similar investment funds to Primoris Wealth Advisors are Lionsbridge Wealth Management and Clarity Capital Advisors. They manage $125 billion and $125 billion respectively.
Raymond Eaton investment strategy
Primoris Wealth Advisors’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 19.4% of
the total portfolio value.
The fund focuses on investments in the United States as
45.0% 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
38% of the total holdings value.
On the other hand, small-cap stocks make up only 6.3% of the portfolio.
The average market cap of the portfolio companies is close to $250 billion.
The complete list of Primoris Wealth Advisors 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 |
|---|---|---|---|
| Fidelity Merrimack Str Tr |
8.45%
139,983
|
$6,289,460,000 | 5.04% |
| Amazon.com Inc. |
33.71%
28,903
|
$5,585,560,000 | 4.48% |
| Fidelity Covington Trust |
7.11%
105,027
|
$9,268,620,000 | 7.43% |
| NVIDIA Corp |
561.09%
43,890
|
$5,422,190,000 | 4.34% |
| Apple Inc |
14.85%
22,179
|
$4,671,380,000 | 3.74% |
| Vanguard Index Fds |
11.43%
11,736
|
$5,079,620,000 | 4.07% |
| Meta Platforms Inc |
20.68%
8,364
|
$4,217,300,000 | 3.38% |
| Lockheed Martin Corp. |
0.46%
8,956
|
$4,183,280,000 | 3.35% |
| Universal Display Corp. |
Closed
20,268
|
$3,870,152,000 | |
| Select Sector Spdr Tr |
39.27%
96,197
|
$7,834,610,000 | 6.28% |
| Lam Research Corp. |
No change
3,537
|
$3,766,530,000 | 3.02% |
| Alphabet Inc |
3.03%
24,710
|
$4,523,930,000 | 3.62% |
| Ishares Tr |
Opened
59,872
|
$5,213,680,000 | 4.18% |
| Spdr Gold Tr |
1.00%
14,080
|
$3,027,370,000 | 2.43% |
| Microsoft Corporation |
1.03%
6,733
|
$3,009,320,000 | 2.41% |
| NextEra Energy Inc |
9.76%
36,774
|
$2,603,990,000 | 2.09% |
| Boeing Co. |
7.06%
13,865
|
$2,523,500,000 | 2.02% |
| Alps Etf Tr |
90.15%
41,336
|
$1,983,310,000 | 1.59% |
| Invesco Exchange Traded Fd T |
Closed
36,350
|
$1,969,085,000 | |
| Johnson & Johnson |
6.57%
13,035
|
$1,905,230,000 | 1.53% |
| Ishares Tr |
58.37%
105,904
|
$6,175,780,000 | 4.95% |
| Occidental Pete Corp |
32.53%
24,850
|
$1,566,310,000 | 1.26% |
| Tenet Healthcare Corp. |
7.89%
11,591
|
$1,541,930,000 | 1.24% |
| Digital Rlty Tr Inc |
Closed
11,020
|
$1,483,073,000 | |
| The Southern Co. |
Opened
18,494
|
$1,434,590,000 | 1.15% |
| Wynn Resorts Ltd. |
33.48%
15,350
|
$1,373,850,000 | 1.10% |
| Philip Morris International Inc |
Opened
13,513
|
$1,369,290,000 | 1.10% |
| Spdr S&p 500 Etf Tr |
No change
2,500
|
$1,360,550,000 | 1.09% |
| JD.com Inc |
Closed
44,000
|
$1,271,160,000 | |
| Palantir Technologies Inc. |
Opened
49,250
|
$1,247,530,000 | 1.00% |
| Arista Networks Inc |
Closed
5,250
|
$1,236,428,000 | |
| Oreilly Automotive Inc |
31.25%
1,100
|
$1,161,670,000 | 0.93% |
| Alibaba Group Hldg Ltd |
4.99%
14,708
|
$1,052,670,000 | 0.84% |
| RTX Corp |
Opened
10,014
|
$1,005,320,000 | 0.81% |
| First Solar Inc |
Opened
4,400
|
$992,040,000 | 0.79% |
| Vanguard Index Fds |
Opened
2,548
|
$952,960,000 | 0.76% |
| Micron Technology Inc. |
Opened
8,400
|
$907,560,000 | 0.73% |
| General Dynamics Corp. |
96.96%
3,047
|
$884,060,000 | 0.71% |
| Ishares Silver Tr |
30.84%
32,719
|
$842,830,000 | 0.68% |
| General Mls Inc |
No change
13,038
|
$824,770,000 | 0.66% |
| ServiceNow Inc |
No change
999
|
$785,860,000 | 0.63% |
| Schwab Strategic Tr |
1.22%
20,193
|
$775,810,000 | 0.62% |
| Walmart Inc |
191.76%
10,874
|
$736,310,000 | 0.59% |
| Clorox Co. |
Opened
5,339
|
$728,600,000 | 0.58% |
| Proshares Tr |
Opened
9,430
|
$696,120,000 | 0.56% |
| Nuveen Dynamic Mun Opportuni |
75.71%
61,500
|
$664,200,000 | 0.53% |
| Visa Inc |
1.10%
2,515
|
$660,100,000 | 0.53% |
| Pepsico Inc |
56.90%
3,980
|
$656,430,000 | 0.53% |
| Blackrock Invt Quality Mun T |
41.56%
54,500
|
$652,380,000 | 0.52% |
| Newmont Corp |
Opened
14,500
|
$607,130,000 | 0.49% |
| Mcdonalds Corp |
44.95%
2,350
|
$598,800,000 | 0.48% |
| Spdr Dow Jones Indl Average |
Opened
1,500
|
$586,700,000 | 0.47% |
| Ssga Active Etf Tr |
1.71%
13,982
|
$584,430,000 | 0.47% |
| Nuveen Municipal Credit Inc |
51.73%
46,930
|
$579,610,000 | 0.46% |
| Waste Mgmt Inc Del |
3.92%
2,698
|
$575,580,000 | 0.46% |
| Home Depot, Inc. |
0.72%
1,645
|
$566,260,000 | 0.45% |
| DraftKings Inc. |
15.20%
14,035
|
$535,790,000 | 0.43% |
| Cohen & Steers Infrastructur |
13.32%
23,336
|
$524,670,000 | 0.42% |
| Honeywell International Inc |
No change
2,212
|
$472,350,000 | 0.38% |
| Berkshire Hathaway Inc. |
25.21%
1,092
|
$444,210,000 | 0.36% |
| Tjx Cos Inc New |
63.64%
4,000
|
$440,400,000 | 0.35% |
| Melco Resorts And Entmnt Ltd |
Closed
47,465
|
$421,015,000 | |
| Fidelity Covington Trust |
Closed
8,811
|
$386,886,000 | |
| Energy Transfer L P |
No change
22,500
|
$364,950,000 | 0.29% |
| Gold Fields Ltd |
Opened
24,049
|
$358,320,000 | 0.29% |
| abrdn World Healthcare Fund |
4.36%
26,747
|
$351,260,000 | 0.28% |
| Advanced Micro Devices Inc. |
2.09%
2,153
|
$349,180,000 | 0.28% |
| Ball Corp. |
Opened
5,500
|
$330,110,000 | 0.26% |
| Deere & Co. |
19.42%
913
|
$329,990,000 | 0.26% |
| AMMO, Inc. |
3.55%
183,400
|
$308,110,000 | 0.25% |
| Blackrock Multi Sector Inc T |
6.74%
20,750
|
$302,540,000 | 0.24% |
| Edison Intl |
No change
4,201
|
$301,670,000 | 0.24% |
| Franco Nev Corp |
82.16%
2,475
|
$293,390,000 | 0.24% |
| Calamos Dynamic Conv & Incom |
10.68%
12,950
|
$290,600,000 | 0.23% |
| Blackrock Health Sciences Tr |
3.77%
6,963
|
$284,510,000 | 0.23% |
| Procter And Gamble Co |
38.03%
1,683
|
$277,560,000 | 0.22% |
| International Business Machs |
2.38%
1,437
|
$248,530,000 | 0.20% |
| Sprott Fds Tr |
Closed
5,000
|
$241,350,000 | |
| Vanguard Intl Equity Index F |
No change
5,502
|
$240,770,000 | 0.19% |
| Blackrock Muniyild Qult Fd I |
95.00%
19,500
|
$239,460,000 | 0.19% |
| First Watch Restaurant Group |
Opened
13,169
|
$231,210,000 | 0.19% |
| National Grid Plc |
Closed
3,310
|
$225,022,000 | |
| Morgan Stanley |
No change
2,305
|
$224,020,000 | 0.18% |
| Rlj Lodging Tr |
No change
8,925
|
$222,160,000 | 0.18% |
| Duke Energy Corp. |
Opened
2,148
|
$215,290,000 | 0.17% |
| Eaton Vance Risk-managed Div |
3.28%
21,446
|
$188,300,000 | 0.15% |
| Liberty All Star Equity Fd |
0.44%
21,923
|
$149,070,000 | 0.12% |
| Eos Energy Enterprises, Inc. |
Opened
17,500
|
$22,230,000 | 0.02% |
| Verb Technology Company, Inc. |
Opened
10,000
|
$1,240,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 89 holdings | |||
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