Ov Management 13F annual report
Ov Management is an investment fund managing more than $143 billion ran by Joseph Langel. There are currently 61 companies in Mr. Langel’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $22.5 billion.
$143 billion Assets Under Management (AUM)
As of 1st August 2024, Ov Management’s top holding is 25,886 shares of Microsoft currently worth over $11.6 billion and making up 8.1% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Ov Management owns more than approximately 0.1% of the company.
In addition, the fund holds 88,670 shares of NVIDIA Corp worth $11 billion, whose value fell 85.8% in the past six months.
The third-largest holding is Apple Inc worth $8.18 billion and the next is Alphabet Inc worth $6.95 billion, with 38,136 shares owned.
Currently, Ov Management's portfolio is worth at least $143 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 Ov Management
The Ov Management office and employees reside in Minneapolis, Minnesota. According to the last 13-F report filed with the SEC, Joseph Langel serves as the Treasurer at Ov Management.
Recent trades
In the most recent 13F filing, Ov Management revealed that it had opened a new position in
Lululemon Athletica inc and bought 5,200 shares worth $1.55 billion.
This means they effectively own approximately 0.1% of the company.
Lululemon Athletica inc makes up
6.6%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by 38.7% in the past year.
The investment fund also strengthened its position in Microsoft by buying
248 additional shares.
This makes their stake in Microsoft total 25,886 shares worth $11.6 billion.
Microsoft soared 22.2% in the past year.
On the other hand, there are companies that Ov Management is getting rid of from its portfolio.
Ov Management closed its position in Societal Cdmo Inc on 8th August 2024.
It sold the previously owned 2,977,288 shares for $3.22 billion.
Joseph Langel also disclosed a decreased stake in Meta Platforms Inc by 0.2%.
This leaves the value of the investment at $4.87 billion and 9,664 shares.
One of the smallest hedge funds
The two most similar investment funds to Ov Management are Andrews, Lucia Wealth Management and Melfa Wealth Management, Inc. They manage $143 billion and $143 billion respectively.
Joseph Langel investment strategy
Ov Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 41.8% of
the total portfolio value.
The fund focuses on investments in the United States as
65.6% 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
66% of the total holdings value.
On the other hand, small-cap stocks make up only 1.6% of the portfolio.
The average market cap of the portfolio companies is close to $228 billion.
The complete list of Ov Management trades based on 13F SEC filings
These positions were updated on August 8th 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 |
|---|---|---|---|
| Microsoft Corporation |
0.97%
25,886
|
$11,569,748,000 | 8.08% |
| NVIDIA Corp |
865.48%
88,670
|
$10,954,292,000 | 7.65% |
| Apple Inc |
1.06%
38,826
|
$8,177,532,000 | 5.71% |
| Alphabet Inc |
0.96%
38,136
|
$6,946,472,000 | 4.85% |
| Amazon.com Inc. |
11.31%
30,053
|
$5,807,742,000 | 4.06% |
| Chipotle Mexican Grill |
4,900.00%
86,500
|
$5,419,225,000 | 3.79% |
| Meta Platforms Inc |
17.85%
9,664
|
$4,872,782,000 | 3.40% |
| Calix Inc |
8.97%
130,767
|
$4,633,075,000 | 3.24% |
| Progressive Corp. |
No change
20,000
|
$4,154,200,000 | 2.90% |
| Visa Inc |
1.27%
13,786
|
$3,618,411,000 | 2.53% |
| Texas Instrs Inc |
1.25%
17,063
|
$3,319,266,000 | 2.32% |
| Societal Cdmo Inc |
Closed
2,977,288
|
$3,215,471,000 | |
| Invesco Exchange Traded Fd T |
0.96%
82,758
|
$3,033,908,000 | 2.12% |
| ServiceNow Inc |
14.17%
3,775
|
$2,969,679,000 | 2.07% |
| Salesforce Inc |
0.96%
10,746
|
$2,762,797,000 | 1.93% |
| Adobe Inc |
0.97%
4,598
|
$2,554,373,000 | 1.78% |
| Qualcomm, Inc. |
0.14%
11,716
|
$2,333,593,000 | 1.63% |
| Tjx Cos Inc New |
1.07%
19,204
|
$2,114,360,000 | 1.48% |
| Mastercard Incorporated |
0.97%
4,598
|
$2,028,454,000 | 1.42% |
| Diamondback Energy Inc |
1.00%
10,100
|
$2,021,919,000 | 1.41% |
| Broadcom Inc. |
29.19%
1,226
|
$1,968,380,000 | 1.38% |
| Discover Finl Svcs |
1.10%
14,558
|
$1,904,332,000 | 1.33% |
| Costco Whsl Corp |
1.38%
2,129
|
$1,809,629,000 | 1.26% |
| S P Global Inc |
1.18%
4,047
|
$1,804,962,000 | 1.26% |
| Waste Mgmt Inc Del |
Closed
8,300
|
$1,769,145,000 | |
| Delta Air Lines, Inc. |
1.17%
37,129
|
$1,761,400,000 | 1.23% |
| International Business Machs |
1.08%
10,108
|
$1,748,179,000 | 1.22% |
| Verisk Analytics Inc |
1.67%
6,100
|
$1,644,255,000 | 1.15% |
| CME Group Inc |
1.44%
8,115
|
$1,595,409,000 | 1.11% |
| Autodesk Inc. |
0.96%
6,384
|
$1,579,721,000 | 1.10% |
| Allstate Corp (The) |
1.21%
9,817
|
$1,567,382,000 | 1.10% |
| Williams Cos Inc |
Closed
40,000
|
$1,558,800,000 | |
| Lululemon Athletica inc. |
Opened
5,200
|
$1,553,240,000 | 1.09% |
| Advanced Micro Devices Inc. |
0.96%
9,575
|
$1,553,161,000 | 1.09% |
| Lockheed Martin Corp. |
1.41%
3,245
|
$1,515,740,000 | 1.06% |
| Deere Co |
1.35%
4,054
|
$1,514,696,000 | 1.06% |
| Merck Co Inc |
1.28%
12,154
|
$1,504,665,000 | 1.05% |
| Pure Storage Inc |
Opened
23,400
|
$1,502,514,000 | 1.05% |
| Kinder Morgan Inc |
Opened
73,800
|
$1,466,406,000 | 1.02% |
| Unitedhealth Group Inc |
1.57%
2,844
|
$1,448,335,000 | 1.01% |
| Home Depot, Inc. |
1.46%
4,160
|
$1,432,038,000 | 1.00% |
| Zoetis Inc |
Opened
8,222
|
$1,425,366,000 | 1.00% |
| Mcdonalds Corp |
1.33%
5,573
|
$1,420,223,000 | 0.99% |
| Abbott Labs |
1.49%
13,600
|
$1,413,176,000 | 0.99% |
| Price T Rowe Group Inc |
1.43%
12,070
|
$1,391,792,000 | 0.97% |
| Hershey Company |
1.42%
7,505
|
$1,379,644,000 | 0.96% |
| Medtronic Plc |
1.39%
17,236
|
$1,356,646,000 | 0.95% |
| General Mls Inc |
Closed
18,000
|
$1,259,460,000 | |
| Workday Inc |
0.96%
5,554
|
$1,241,652,000 | 0.87% |
| Starbucks Corp. |
1.45%
15,724
|
$1,224,113,000 | 0.86% |
| Veeva Sys Inc |
0.96%
6,659
|
$1,218,664,000 | 0.85% |
| Xcel Energy Inc. |
1.81%
22,500
|
$1,201,725,000 | 0.84% |
| Johnson Johnson |
1.82%
7,229
|
$1,056,591,000 | 0.74% |
| United Parcel Service, Inc. |
1.77%
7,633
|
$1,044,576,000 | 0.73% |
| Axon Enterprises Inc |
27.06%
3,367
|
$990,706,000 | 0.69% |
| Crowdstrike Holdings Inc |
0.95%
2,553
|
$978,284,000 | 0.68% |
| Palo Alto Networks Inc |
0.95%
2,539
|
$860,746,000 | 0.60% |
| Netflix Inc. |
25.44%
1,208
|
$815,255,000 | 0.57% |
| Marqeta Inc |
0.96%
142,741
|
$782,221,000 | 0.55% |
| Accenture Plc Ireland |
0.95%
2,553
|
$774,606,000 | 0.54% |
| PayPal Holdings Inc |
0.96%
10,736
|
$623,010,000 | 0.44% |
| Atlassian Corporation |
0.96%
3,352
|
$592,902,000 | 0.41% |
| Datadog Inc |
0.95%
3,926
|
$509,163,000 | 0.36% |
| Cloudflare Inc |
0.96%
5,171
|
$428,314,000 | 0.30% |
| Snowflake Inc. |
0.97%
1,772
|
$239,379,000 | 0.17% |
| No transactions found | |||
| Showing first 500 out of 65 holdings | |||
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