Corundum Trust , Inc 13F annual report
Corundum Trust , Inc is an investment fund managing more than $34.4 billion ran by James Riswold. There are currently 55 companies in Mr. Riswold’s portfolio. The largest investments include 3M Co and Ishares Core S&p Small Cap Etf, together worth $7.71 billion.
$34.4 billion Assets Under Management (AUM)
As of 17th July 2024, Corundum Trust , Inc’s top holding is 40,667 shares of 3M Co currently worth over $4.16 billion and making up 12.1% of the portfolio value.
Relative to the number of outstanding shares of 3M Co, Corundum Trust , Inc owns more than approximately 0.1% of the company.
In addition, the fund holds 33,290 shares of Ishares Core S&p Small Cap Etf worth $3.55 billion.
The third-largest holding is Microsoft worth $2.78 billion and the next is Apple Inc worth $2.38 billion, with 11,307 shares owned.
Currently, Corundum Trust , Inc's portfolio is worth at least $34.4 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 Corundum Trust , Inc
The Corundum Trust , Inc office and employees reside in Sioux Falls, South Dakota. According to the last 13-F report filed with the SEC, James Riswold serves as the President at Corundum Trust , Inc.
Recent trades
In the most recent 13F filing, Corundum Trust , Inc revealed that it had opened a new position in
Solventum Corporation Common S and bought 10,116 shares worth $535 million.
The investment fund also strengthened its position in Ishares Core S&p Small Cap Etf by buying
1,800 additional shares.
This makes their stake in Ishares Core S&p Small Cap Etf total 33,290 shares worth $3.55 billion.
On the other hand, there are companies that Corundum Trust , Inc is getting rid of from its portfolio.
Corundum Trust , Inc closed its position in Johnson & Johnson Common Stock on 24th July 2024.
It sold the previously owned 3,911 shares for $609 million.
James Riswold also disclosed a decreased stake in 3M Co by approximately 0.1%.
This leaves the value of the investment at $4.16 billion and 40,667 shares.
One of the smallest hedge funds
The two most similar investment funds to Corundum Trust , Inc are Opportunities Capital Management and Quaero Capital S.A.. They manage $34.4 billion and $34.7 billion respectively.
James Riswold investment strategy
Corundum Trust , Inc’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Industrials — making up 13.0% of
the total portfolio value.
The fund focuses on investments in the United States as
25.5% 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
24% of the total holdings value.
On the other hand, small-cap stocks make up only 1.8% of the portfolio.
The average market cap of the portfolio companies is close to $384 billion.
The complete list of Corundum Trust , Inc trades based on 13F SEC filings
These positions were updated on July 24th 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 |
|---|---|---|---|
| 3M Co. |
2.53%
40,667
|
$4,155,761,000 | 12.08% |
| Ishares Core S&p Small Cap Etf |
5.72%
33,290
|
$3,550,711,000 | 10.33% |
| Microsoft Corporation |
21.97%
6,219
|
$2,779,582,000 | 8.08% |
| Apple Inc |
26.43%
11,307
|
$2,381,480,000 | 6.93% |
| iShares Select Dividend ETF |
16.51%
19,014
|
$2,300,314,000 | 6.69% |
| Ishares Core S&p 500 Etf |
12.18%
3,604
|
$1,972,217,000 | 5.74% |
| Ishares S&p Mid Cap 400 Growth |
2.67%
22,184
|
$1,954,632,000 | 5.68% |
| Ishares S&p Mid Cap 400 Value |
27.66%
13,584
|
$1,541,241,000 | 4.48% |
| Eli Lilly & Co |
51.29%
1,338
|
$1,211,398,000 | 3.52% |
| Alphabet Inc Class C Capital S |
7.23%
6,568
|
$1,204,703,000 | 3.50% |
| Ishares Msci Eafe Etf |
23.81%
13,914
|
$1,089,884,000 | 3.17% |
| Spdr S&p 500 Etf Trust |
12.95%
1,660
|
$903,405,000 | 2.63% |
| Unitedhealth Group Inc |
29.18%
1,616
|
$822,964,000 | 2.39% |
| Johnson & Johnson Common Stock |
Closed
3,911
|
$609,138,000 | |
| Solventum Corporation Common S |
Opened
10,116
|
$534,934,000 | 1.56% |
| Filo Corp Com |
Opened
28,850
|
$525,935,000 | 1.53% |
| JPMorgan Chase & Co. |
36.13%
2,512
|
$508,077,000 | 1.48% |
| Mcdonalds Corp |
Closed
1,910
|
$503,170,000 | |
| Kla Corporation Common Stock |
Closed
1,000
|
$458,660,000 | |
| Vanguard Russell 3000 Etf |
No change
1,892
|
$453,323,000 | 1.32% |
| Orogen Royalties Inc Com |
Opened
500,000
|
$406,550,000 | 1.18% |
| Spdr S&p Dividend Etf |
Closed
3,500
|
$402,535,000 | |
| Cisco Systems, Inc. |
15.78%
7,827
|
$371,861,000 | 1.08% |
| SilverCrest Metals Inc |
Opened
44,500
|
$362,675,000 | 1.05% |
| Abbvie Inc |
Closed
2,362
|
$352,080,000 | |
| Skeena Resources Limited New C |
Opened
65,250
|
$350,392,000 | 1.02% |
| Wesdome Gold Mines Ltd |
Opened
43,000
|
$345,290,000 | 1.00% |
| Amazon.com Inc. |
14.88%
1,727
|
$333,743,000 | 0.97% |
| Chevron Corp. |
Closed
1,970
|
$332,181,000 | |
| MAG Silver Corp. |
Opened
28,150
|
$328,510,000 | 0.96% |
| Target Corp |
9.84%
2,209
|
$327,020,000 | 0.95% |
| Union Pacific Corp. |
6.75%
1,382
|
$312,691,000 | 0.91% |
| Caterpillar Inc. |
Closed
1,136
|
$310,128,000 | |
| Thermo Fisher Scientific Inc. |
No change
500
|
$276,500,000 | 0.80% |
| Berkshire Hathaway Inc. |
39.00%
671
|
$272,963,000 | 0.79% |
| Greatland Gold |
Opened
3,000,000
|
$265,019,000 | 0.77% |
| UGI Corp. |
Opened
11,373
|
$260,442,000 | 0.76% |
| Home Depot, Inc. |
Closed
853
|
$257,742,000 | |
| Ishares Russell 2000 Etf |
Closed
1,415
|
$250,087,000 | |
| Osisko Gold Royalties Ltd Com |
Opened
16,000
|
$249,280,000 | 0.72% |
| Merck & Co Inc |
30.09%
1,982
|
$245,372,000 | 0.71% |
| United Parcel Svc Inc Cl B |
Closed
1,566
|
$244,092,000 | |
| Ishares Russell 1000 Etf |
Closed
1,022
|
$240,078,000 | |
| Kimberly-Clark Corp. |
Closed
1,979
|
$239,162,000 | |
| Vanguard Russell 1000 Value Et |
Closed
3,350
|
$223,311,000 | |
| Walmart Inc Common Stock |
Closed
1,386
|
$221,663,000 | |
| Citigroup Inc |
Opened
3,315
|
$210,370,000 | 0.61% |
| Comcast Corp Cl A |
Closed
4,744
|
$210,349,000 | |
| Ishares Msci Emerging Markets |
Opened
4,810
|
$204,858,000 | 0.60% |
| Nthn Star Res Ltd Npv |
Opened
18,500
|
$158,286,000 | 0.46% |
| Rupert Resources Ltd |
Opened
53,500
|
$144,450,000 | 0.42% |
| Deep Yellow Limited Ordinary S |
Opened
162,162
|
$142,476,000 | 0.41% |
| Chalice Mining Ltd Ordinary Sh |
Opened
150,000
|
$138,000,000 | 0.40% |
| Vizsla Silver Corp Com No Par |
Opened
60,250
|
$107,847,000 | 0.31% |
| Ngex Minerals Ltd Com |
Opened
15,000
|
$88,800,000 | 0.26% |
| I-80 Gold Corp Common |
Opened
72,000
|
$77,760,000 | 0.23% |
| Evolution Mining Ltd Us Listed |
Opened
32,500
|
$74,425,000 | 0.22% |
| Fortuna Mining Corp Com |
Opened
15,000
|
$73,350,000 | 0.21% |
| Aurion Resources Ltd |
Opened
156,125
|
$66,322,000 | 0.19% |
| Solaris Res Inc Com New |
Opened
23,000
|
$64,170,000 | 0.19% |
| Snowline Gold Corp Com |
Opened
15,000
|
$58,740,000 | 0.17% |
| De Grey Mining Ltd Ordinary Sh |
Opened
75,000
|
$56,737,000 | 0.16% |
| Gogold Resources Inc |
Opened
42,500
|
$41,161,000 | 0.12% |
| Dakota Gold Corp Common Stock |
Opened
15,000
|
$38,250,000 | 0.11% |
| Banyan Gold Corp Cl A |
Opened
100,000
|
$17,000,000 | 0.05% |
| Bemetals Corp Com |
Opened
136,567
|
$8,344,000 | 0.02% |
| Wolfden Res Corp Com |
Opened
398,802
|
$6,740,000 | 0.02% |
| Firestone Ventures Inc Com New |
Opened
250,000
|
$5,480,000 | 0.02% |
| Barksdale Resources Corp Com |
Opened
50,000
|
$5,350,000 | 0.02% |
| Vizsla Royalties Corp Com |
Opened
20,083
|
$0 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 70 holdings | |||
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