Virtus Family Office 13F annual report

Virtus Family Office is an investment fund managing more than $62.6 billion ran by Norma Morales. There are currently 38 companies in Mrs. Morales’s portfolio. The largest investments include Taiwan Semiconductor Mfg Ltd and Stellantis N.V, together worth $8.79 billion.

Limited to 30 biggest holdings

$62.6 billion Assets Under Management (AUM)

As of 7th May 2024, Virtus Family Office’s top holding is 33,793 shares of Taiwan Semiconductor Mfg Ltd currently worth over $4.62 billion and making up 7.4% of the portfolio value. In addition, the fund holds 147,405 shares of Stellantis N.V worth $4.17 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Silicon Motion Technology Corp worth $4 billion and the next is United Microelectronics Corp worth $3.49 billion, with 431,129 shares owned.

Currently, Virtus Family Office's portfolio is worth at least $62.6 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 Virtus Family Office

The Virtus Family Office office and employees reside in El Paso, Texas. According to the last 13-F report filed with the SEC, Norma Morales serves as the Chief Compliance Officer at Virtus Family Office.

Recent trades

In the most recent 13F filing, Virtus Family Office revealed that it had opened a new position in Taiwan Semiconductor Mfg Ltd and bought 33,793 shares worth $4.62 billion.

The investment fund also strengthened its position in Silicon Motion Technology Corp by buying 1,247 additional shares. This makes their stake in Silicon Motion Technology Corp total 51,947 shares worth $4 billion. Silicon Motion Technology Corp dropped approximately 0.1% in the past year.

On the other hand, there are companies that Virtus Family Office is getting rid of from its portfolio. Virtus Family Office closed its position in Ternium Sa on 14th May 2024. It sold the previously owned 91,413 shares for $3.77 billion. Norma Morales also disclosed a decreased stake in Ishares Tr by 0.1%. This leaves the value of the investment at $4.12 billion and 69,756 shares.

One of the smallest hedge funds

The two most similar investment funds to Virtus Family Office are Arena Capital Advisors, - Ca and Coury Firm Asset Management. They manage $62.7 billion and $62.6 billion respectively.

Norma Morales investment strategy

Virtus Family Office’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Health Care — making up 10.9% of the total portfolio value. The fund focuses on investments in the United States as 21.1% 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 34% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $185 billion.

The complete list of Virtus Family Office trades based on 13F SEC filings

These positions were updated on May 14th 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
Taiwan Semiconductor Mfg Ltd	Opened 33,793	$4,615,955,000	7.37%
Stellantis N.V	Opened 147,405	$4,172,572,000	6.66%
Silicon Motion Technology Corp	2.46% 51,947	$3,996,802,000	6.38%
Ternium Sa	Closed 91,413	$3,771,701,000
Logitech Intl S A	Closed 63,430	$3,670,440,000
United Microelectronics Corp	1.52% 431,129	$3,487,833,000	5.57%
Alibaba Group Hldg Ltd	Opened 40,140	$2,904,529,000	4.64%
Nutrien Ltd	Opened 52,022	$2,871,848,000	4.58%
Equinor ASA	Opened 95,341	$2,577,068,000	4.11%
Meta Platforms Inc	Closed 11,772	$2,494,957,000
Ishares Inc	42.20% 46,906	$2,420,350,000	3.86%
Ishares Tr	10.12% 69,756	$4,124,835,000	6.58%
Vanguard Scottsdale Fds	527.77% 30,221	$2,336,386,000	3.73%
Pulte Group Inc	33.39% 19,051	$2,301,716,000	3.67%
Atkore Inc	Opened 12,023	$2,288,698,000	3.65%
Applied Matls Inc	Opened 11,042	$2,277,191,000	3.63%
Qualcomm, Inc.	Opened 13,176	$2,230,697,000	3.56%
Sanofi	19.79% 42,434	$2,062,292,000	3.29%
Ishares Gold Tr	3.88% 48,333	$2,030,549,000	3.24%
Quest Diagnostics, Inc.	44.23% 12,391	$1,649,366,000	2.63%
Gilead Sciences, Inc.	37.16% 21,976	$1,609,743,000	2.57%
Vanguard Whitehall Fds	56.74% 24,012	$1,533,166,000	2.45%
Pfizer Inc.	Opened 54,615	$1,515,566,000	2.42%
Applied Matls Inc	Closed 12,621	$1,508,230,000
Mks Instrs Inc	Closed 16,863	$1,494,398,000
Mosaic Co New	Opened 45,155	$1,465,731,000	2.34%
Amn Healthcare Svcs Inc	Opened 23,404	$1,462,984,000	2.34%
Intel Corp.	Closed 43,149	$1,409,671,000
Evercore Inc	Closed 11,352	$1,309,794,000
Merck & Co Inc	Closed 11,886	$1,273,098,000
Expeditors Intl Wash Inc	Closed 11,134	$1,226,075,000
Cummins Inc.	Closed 5,056	$1,207,777,000
Whirlpool Corp.	Closed 8,462	$1,117,153,000
Tyson Foods, Inc.	Closed 18,662	$1,107,030,000
Jefferies Finl Group Inc	Closed 33,648	$1,067,987,000
Medifast Inc	155.61% 26,778	$1,026,133,000	1.64%
Spdr Gold Tr	6.67% 4,600	$946,312,000	1.51%
Franklin Templeton Etf Tr	Opened 27,143	$842,247,000	1.34%
Ishares Tr	Closed 12,213	$901,468,000
Wisdomtree Tr	Opened 11,277	$673,780,000	1.08%
Vanguard Admiral Fds Inc	Closed 3,459	$507,435,000
Apple Inc	22.84% 2,115	$362,680,000	0.58%
Ase Technology Hldg Co Ltd	Opened 30,342	$333,459,000	0.53%
Kb Finl Group Inc	Opened 5,554	$295,404,000	0.47%
Copa Holdings Sa	Opened 2,676	$278,732,000	0.44%
KKR & Co. Inc	71.30% 2,741	$275,690,000	0.44%
Wipro Ltd.	Opened 47,450	$272,838,000	0.44%
Shinhan Financial Group Co L	Opened 7,562	$271,307,000	0.43%
Banco Bradesco S.A.	Opened 93,994	$269,123,000	0.43%
Wisdomtree Tr	51.45% 2,765	$239,615,000	0.38%
Ambev Sa	Opened 90,328	$224,013,000	0.36%
Gerdau Sa	Opened 49,556	$219,038,000	0.35%
Barclays plc	Opened 18,868	$182,019,000	0.29%
Alphabet Inc	Closed 1,240	$128,625,000
No transactions found
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