Hedges Asset Management 13F annual report
Hedges Asset Management is an investment fund managing more than $137 billion ran by William Hedges. There are currently 106 companies in Mr. Hedges’s portfolio. The largest investments include Glacier and GE Aerospace, together worth $17.6 billion.
$137 billion Assets Under Management (AUM)
As of 12th July 2024, Hedges Asset Management’s top holding is 301,823 shares of Glacier currently worth over $11.3 billion and making up 8.2% of the portfolio value.
Relative to the number of outstanding shares of Glacier, Hedges Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 39,725 shares of GE Aerospace worth $6.32 billion, whose value grew 22.3% in the past six months.
The third-largest holding is Shell Plc worth $5.04 billion and the next is Gaming & Leisure Pptys Inc worth $4.1 billion, with 90,760 shares owned.
Currently, Hedges Asset Management's portfolio is worth at least $137 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 Hedges Asset Management
The Hedges Asset Management office and employees reside in Reno, Nevada. According to the last 13-F report filed with the SEC, William Hedges serves as the Managing Member / CCO at Hedges Asset Management.
Recent trades
In the most recent 13F filing, Hedges Asset Management revealed that it had opened a new position in
Proshares Tr and bought 67,100 shares worth $2.72 billion.
The investment fund also strengthened its position in Boeing Co by buying
4,275 additional shares.
This makes their stake in Boeing Co total 19,575 shares worth $3.56 billion.
Boeing Co dropped 13.6% in the past year.
On the other hand, there are companies that Hedges Asset Management is getting rid of from its portfolio.
Hedges Asset Management closed its position in Proshares Tr on 19th July 2024.
It sold the previously owned 288,000 shares for $2.52 billion.
William Hedges also disclosed a decreased stake in Glacier by approximately 0.1%.
This leaves the value of the investment at $11.3 billion and 301,823 shares.
One of the smallest hedge funds
The two most similar investment funds to Hedges Asset Management are Destiny Capital Corp/co and Pring Turner Capital Group Inc. They manage $137 billion and $137 billion respectively.
William Hedges investment strategy
Hedges Asset Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Finance — making up 11.7% of
the total portfolio value.
The fund focuses on investments in the United States as
49.1% 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
39% 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 $59.1 billion.
The complete list of Hedges Asset Management trades based on 13F SEC filings
These positions were updated on July 19th 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 |
|---|---|---|---|
| Glacier Bancorp, Inc. |
0.82%
301,823
|
$11,264,034,000 | 8.21% |
| GE Aerospace |
10.68%
39,725
|
$6,315,085,000 | 4.60% |
| Shell Plc |
1.41%
69,850
|
$5,041,790,000 | 3.67% |
| Gaming & Leisure Pptys Inc |
5.22%
90,760
|
$4,103,260,000 | 2.99% |
| PENN Entertainment Inc |
7.94%
202,950
|
$3,928,098,000 | 2.86% |
| Boeing Co. |
27.94%
19,575
|
$3,562,848,000 | 2.60% |
| BP plc |
0.79%
87,183
|
$3,147,303,000 | 2.29% |
| Southwest Airls Co |
16.15%
107,900
|
$3,087,019,000 | 2.25% |
| Uber Technologies Inc |
8.03%
40,100
|
$2,914,468,000 | 2.12% |
| Proshares Tr |
Opened
67,100
|
$2,717,550,000 | 1.98% |
| Proshares Tr |
Closed
288,000
|
$2,522,880,000 | |
| Arcos Dorados Holdings Inc |
No change
279,000
|
$2,511,000,000 | 1.83% |
| Verizon Communications Inc |
2.68%
58,050
|
$2,393,982,000 | 1.74% |
| Unilever plc |
24.59%
42,300
|
$2,326,077,000 | 1.70% |
| Fedex Corp |
No change
7,575
|
$2,271,288,000 | 1.66% |
| Vanguard Intl Equity Index F |
2.31%
38,100
|
$2,506,539,000 | 1.83% |
| Wynn Resorts Ltd. |
0.62%
24,065
|
$2,153,818,000 | 1.57% |
| Chevron Corp. |
No change
13,542
|
$2,118,240,000 | 1.54% |
| Merck & Co Inc |
5.82%
17,000
|
$2,104,600,000 | 1.53% |
| Shake Shack Inc |
No change
22,600
|
$2,034,000,000 | 1.48% |
| Wells Fargo Co New |
14.96%
34,100
|
$2,025,199,000 | 1.48% |
| Nutanix Inc |
0.58%
34,500
|
$1,961,325,000 | 1.43% |
| Schlumberger Ltd. |
No change
40,500
|
$1,910,790,000 | 1.39% |
| International Business Machs |
No change
11,000
|
$1,902,450,000 | 1.39% |
| Lindblad Expeditions Hldgs I |
24.92%
195,500
|
$1,886,575,000 | 1.37% |
| VanEck ETF Trust |
No change
49,900
|
$1,693,107,000 | 1.23% |
| Lyft Inc |
No change
119,000
|
$1,677,900,000 | 1.22% |
| Barclays plc |
0.71%
153,300
|
$1,641,843,000 | 1.20% |
| Ge Vernova Inc |
Opened
9,530
|
$1,634,491,000 | 1.19% |
| Cinemark Holdings Inc |
1.31%
75,500
|
$1,632,310,000 | 1.19% |
| Kraft Heinz Co |
11.00%
50,450
|
$1,625,499,000 | 1.18% |
| Bristol-Myers Squibb Co. |
61.17%
38,600
|
$1,603,059,000 | 1.17% |
| DuPont de Nemours Inc |
3.02%
19,700
|
$1,585,653,000 | 1.16% |
| Intel Corp. |
No change
51,000
|
$1,579,470,000 | 1.15% |
| Loews Corp. |
No change
21,000
|
$1,569,540,000 | 1.14% |
| Schwab Charles Corp |
No change
21,000
|
$1,547,490,000 | 1.13% |
| United Parcel Service, Inc. |
No change
11,200
|
$1,532,720,000 | 1.12% |
| Imax Corp |
No change
83,100
|
$1,393,587,000 | 1.02% |
| Tyson Foods, Inc. |
Opened
23,500
|
$1,342,790,000 | 0.98% |
| Brookdale Sr Living Inc |
No change
182,000
|
$1,243,060,000 | 0.91% |
| Ge Healthcare Technologies I |
No change
15,191
|
$1,183,683,000 | 0.86% |
| CRISPR Therapeutics AG |
12.52%
21,800
|
$1,177,419,000 | 0.86% |
| Howmet Aerospace Inc. |
49.40%
14,700
|
$1,141,161,000 | 0.83% |
| MAG Silver Corp. |
7.80%
95,800
|
$1,117,986,000 | 0.81% |
| Sociedad Quimica Y Minera De |
32.68%
27,200
|
$1,108,400,000 | 0.81% |
| Viatris Inc. |
11.41%
102,500
|
$1,089,575,000 | 0.79% |
| Bank America Corp |
4.95%
26,900
|
$1,069,813,000 | 0.78% |
| Williams Cos Inc |
No change
24,400
|
$1,037,000,000 | 0.76% |
| JPMorgan Chase & Co. |
No change
5,100
|
$1,031,526,000 | 0.75% |
| Elanco Animal Health Inc |
2.72%
71,400
|
$1,030,302,000 | 0.75% |
| FMC Corp. |
35.59%
16,000
|
$920,800,000 | 0.67% |
| Disney Walt Co |
7.92%
9,200
|
$913,469,000 | 0.67% |
| Ford Mtr Co Del |
6.74%
69,200
|
$867,768,000 | 0.63% |
| Newmont Corp |
0.96%
20,550
|
$860,429,000 | 0.63% |
| MGM Resorts International |
No change
19,000
|
$844,360,000 | 0.62% |
| Warner Bros.Discovery Inc |
0.93%
109,000
|
$810,960,000 | 0.59% |
| New Gold Inc Cda |
No change
412,500
|
$804,375,000 | 0.59% |
| Ishares Tr |
No change
52,900
|
$1,434,826,000 | 1.05% |
| Dow Inc |
3.29%
14,700
|
$779,835,000 | 0.57% |
| WestRock Co |
5.06%
15,000
|
$753,900,000 | 0.55% |
| Goodyear Tire & Rubr Co |
5.36%
62,900
|
$713,915,000 | 0.52% |
| Cnh Indl N V |
59.52%
67,000
|
$678,710,000 | 0.49% |
| FIGS, Inc. |
75.69%
126,500
|
$674,245,000 | 0.49% |
| Barrick Gold Corp. |
3.61%
40,000
|
$667,200,000 | 0.49% |
| International Flavors&fragra |
7.35%
6,300
|
$599,824,000 | 0.44% |
| Wisdomtree Tr |
No change
10,000
|
$595,800,000 | 0.43% |
| Invesco Exchange Traded Fd T |
No change
3,500
|
$574,980,000 | 0.42% |
| Target Corp |
No change
3,850
|
$569,954,000 | 0.42% |
| Sprott Physical Silver Tr |
11.48%
54,000
|
$536,220,000 | 0.39% |
| Envista Holdings Corp |
Opened
32,000
|
$532,160,000 | 0.39% |
| Microstrategy Inc. |
Closed
300
|
$511,368,000 | |
| Alaska Air Group Inc. |
1.96%
12,500
|
$505,000,000 | 0.37% |
| Corteva Inc |
7.75%
9,100
|
$490,854,000 | 0.36% |
| KraneShares Trust |
0.55%
18,000
|
$486,360,000 | 0.35% |
| Coca-Cola Co |
No change
7,600
|
$483,740,000 | 0.35% |
| EBay Inc. |
No change
9,000
|
$483,480,000 | 0.35% |
| Honda Motor |
3.31%
14,600
|
$470,704,000 | 0.34% |
| Johnson & Johnson |
28.00%
3,200
|
$467,712,000 | 0.34% |
| Organon & Co |
No change
22,500
|
$465,750,000 | 0.34% |
| On Hldg Ag |
No change
10,300
|
$399,640,000 | 0.29% |
| 3M Co. |
3.80%
3,800
|
$388,322,000 | 0.28% |
| Dutch Bros Inc. |
No change
8,900
|
$368,460,000 | 0.27% |
| Skechers U S A, Inc. |
No change
5,300
|
$366,336,000 | 0.27% |
| Baidu Inc |
1.18%
4,175
|
$361,054,000 | 0.26% |
| Edwards Lifesciences Corp |
No change
3,900
|
$360,243,000 | 0.26% |
| Ishares Silver Tr |
No change
12,500
|
$332,125,000 | 0.24% |
| AT&T Inc. |
12.82%
17,000
|
$324,870,000 | 0.24% |
| Paramount Global |
14.01%
30,700
|
$318,973,000 | 0.23% |
| Medtronic Plc |
4.88%
3,900
|
$306,969,000 | 0.22% |
| Amneal Pharmaceuticals Inc |
Closed
50,000
|
$303,000,000 | |
| Conocophillips |
No change
2,400
|
$274,512,000 | 0.20% |
| Alibaba Group Hldg Ltd |
3.92%
3,675
|
$264,600,000 | 0.19% |
| Wabtec |
34.00%
1,650
|
$260,783,000 | 0.19% |
| General Mtrs Co |
9.68%
5,600
|
$260,176,000 | 0.19% |
| PayPal Holdings Inc |
2.22%
4,400
|
$255,332,000 | 0.19% |
| Aramark |
21.05%
7,500
|
$255,150,000 | 0.19% |
| Mcdonalds Corp |
No change
1,000
|
$254,840,000 | 0.19% |
| Rogers Corp. |
No change
2,100
|
$253,282,000 | 0.18% |
| Spdr Index Shs Fds |
No change
5,000
|
$250,150,000 | 0.18% |
| Kinder Morgan Inc |
No change
12,500
|
$248,375,000 | 0.18% |
| C3.ai Inc |
No change
8,400
|
$243,264,000 | 0.18% |
| Franco Nev Corp |
Closed
2,000
|
$238,320,000 | |
| Cameco Corp. |
2.04%
4,800
|
$236,160,000 | 0.17% |
| Etfs Gold Tr |
No change
10,000
|
$222,200,000 | 0.16% |
| Axonics Inc |
8.70%
3,150
|
$211,775,000 | 0.15% |
| Wheaton Precious Metals Corp |
Opened
4,000
|
$209,680,000 | 0.15% |
| TripAdvisor Inc. |
Closed
7,500
|
$208,425,000 | |
| Vanguard Tax-managed Fds |
Closed
4,000
|
$200,680,000 | |
| Ishares Tr |
Opened
4,700
|
$200,173,000 | 0.15% |
| Advisorshares Tr |
18.87%
21,500
|
$157,595,000 | 0.11% |
| El Pollo Loco Holdings Inc |
Closed
15,000
|
$146,100,000 | |
| Telefonaktiebolaget Lm Erics |
No change
18,000
|
$111,060,000 | 0.08% |
| Lithium Amers Corp New |
42.86%
25,000
|
$67,000,000 | 0.05% |
| New York Cmnty Bancorp Inc |
Closed
20,000
|
$64,400,000 | |
| No transactions found | |||
| Showing first 500 out of 114 holdings | |||
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