Passumpsic Savings Bank 13F annual report

Passumpsic Savings Bank is an investment fund managing more than $139 billion ran by Daphne Bullock. There are currently 71 companies in Mrs. Bullock’s portfolio. The largest investments include Spdr Ser Tr and GE Aerospace, together worth $12.8 billion.

Limited to 30 biggest holdings

$139 billion Assets Under Management (AUM)

As of 6th August 2024, Passumpsic Savings Bank’s top holding is 329,384 shares of Spdr Ser Tr currently worth over $7.43 billion and making up 5.3% of the portfolio value. In addition, the fund holds 33,803 shares of GE Aerospace worth $5.37 billion, whose value grew 17.7% in the past six months. The third-largest holding is Deckers Outdoor worth $4.57 billion and the next is Amazon.com worth $4.32 billion, with 22,360 shares owned.

Currently, Passumpsic Savings Bank's portfolio is worth at least $139 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 Passumpsic Savings Bank

The Passumpsic Savings Bank office and employees reside in St. Johnsbury, Vermont. According to the last 13-F report filed with the SEC, Daphne Bullock serves as the Vice President, Trust Administrator at Passumpsic Savings Bank.

Recent trades

In the most recent 13F filing, Passumpsic Savings Bank revealed that it had opened a new position in Aon plc and bought 12,949 shares worth $3.8 billion. This means they effectively own approximately 0.1% of the company. Aon plc makes up 24.0% of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in GE Aerospace by buying 932 additional shares. This makes their stake in GE Aerospace total 33,803 shares worth $5.37 billion. GE Aerospace dropped approximately 0.1% in the past year.

On the other hand, there are companies that Passumpsic Savings Bank is getting rid of from its portfolio. Passumpsic Savings Bank closed its position in Marathon Pete Corp on 13th August 2024. It sold the previously owned 20,828 shares for $4.2 billion. Daphne Bullock also disclosed a decreased stake in Spdr Ser Tr by approximately 0.1%. This leaves the value of the investment at $7.43 billion and 329,384 shares.

One of the smallest hedge funds

The two most similar investment funds to Passumpsic Savings Bank are Founders Capital Management and Cmg Global. They manage $140 billion and $140 billion respectively.


Daphne Bullock investment strategy

Passumpsic Savings Bank’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 20.0% of the total portfolio value. The fund focuses on investments in the United States as 59.2% 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 58% of the total holdings value. On the other hand, small-cap stocks make up only 2.8% of the portfolio. The average market cap of the portfolio companies is close to $229 billion.

The complete list of Passumpsic Savings Bank trades based on 13F SEC filings

These positions were updated on August 13th 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
Spdr Ser Tr
1.15%
329,384
$7,427,609,000 5.33%
GE Aerospace
2.84%
33,803
$5,373,663,000 3.85%
Deckers Outdoor Corp.
18.31%
4,724
$4,572,596,000 3.28%
Amazon.com Inc.
5.21%
22,360
$4,321,070,000 3.10%
NVIDIA Corp
5,169.15%
34,671
$4,283,255,000 3.07%
Marathon Pete Corp
Closed
20,828
$4,196,842,000
Ulta Beauty Inc
Closed
7,831
$4,094,673,000
Copart, Inc.
20.03%
75,429
$4,085,235,000 2.93%
Arista Networks Inc
5.34%
10,952
$3,838,457,000 2.75%
Aon plc.
Opened
12,949
$3,801,567,000 2.73%
Vanguard Scottsdale Fds
36.51%
87,643
$6,838,011,000 4.90%
Intuitive Surgical Inc
1.45%
8,204
$3,649,549,000 2.62%
Coca-cola Femsa Sab De Cv
Closed
34,316
$3,335,515,000
Ishares Tr
15.34%
26,457
$4,506,560,000 3.23%
Allstate Corp (The)
Opened
20,447
$3,264,568,000 2.34%
Paccar Inc.
22.08%
31,688
$3,261,963,000 2.34%
Crocs Inc
Opened
22,300
$3,254,462,000 2.33%
Axon Enterprise Inc
17.74%
10,368
$3,050,680,000 2.19%
Novo-nordisk A S
16.82%
21,254
$3,033,796,000 2.18%
Chipotle Mexican Grill
3,490.03%
46,096
$2,887,914,000 2.07%
Hubbell Inc.
0.35%
7,788
$2,846,358,000 2.04%
Cardinal Health, Inc.
1.38%
28,626
$2,814,508,000 2.02%
Meta Platforms Inc
22.36%
5,564
$2,805,480,000 2.01%
Mckesson Corporation
3.27%
4,742
$2,769,518,000 1.99%
Booking Holdings Inc
4.13%
681
$2,697,782,000 1.93%
Broadcom Inc
4.06%
1,589
$2,551,187,000 1.83%
Emerson Elec Co
Opened
22,991
$2,532,689,000 1.82%
Parker-Hannifin Corp.
3.50%
4,956
$2,506,794,000 1.80%
Berkshire Hathaway Inc.
23.57%
5,954
$2,422,087,000 1.74%
Visa Inc
21.15%
8,958
$2,351,206,000 1.69%
Eli Lilly & Co
1.55%
2,562
$2,319,584,000 1.66%
Mastercard Incorporated
15.31%
4,851
$2,140,067,000 1.53%
Fiserv, Inc.
28.90%
13,871
$2,067,334,000 1.48%
Grainger W W Inc
1.85%
2,285
$2,061,618,000 1.48%
Costco Whsl Corp New
3.22%
2,405
$2,044,226,000 1.47%
Ferrari N.V.
0.41%
4,855
$1,982,636,000 1.42%
JPMorgan Chase & Co.
25.43%
9,346
$1,890,322,000 1.36%
Salesforce Inc
30.50%
7,245
$1,862,690,000 1.34%
Lennar Corp.
9.22%
12,420
$1,861,385,000 1.33%
Vanguard Star Fds
32.41%
28,376
$1,711,073,000 1.23%
Hartford Finl Svcs Group Inc
31.11%
16,290
$1,637,797,000 1.17%
Cencora Inc.
8.53%
6,160
$1,387,848,000 1.00%
Vanguard World Fd
14.34%
9,930
$1,176,705,000 0.84%
KLA Corp.
3.67%
1,187
$978,281,000 0.70%
Prudential Finl Inc
47.60%
8,019
$939,747,000 0.67%
Carnival Corp.
No change
49,650
$929,448,000 0.67%
Autodesk Inc.
Closed
3,423
$891,418,000
American Express Co.
Closed
3,734
$850,194,000
Lockheed Martin Corp.
Closed
1,857
$844,694,000
Microsoft Corporation
43.57%
1,676
$749,088,000 0.54%
Walmart Inc
Closed
12,413
$746,890,000
Vanguard Specialized Funds
9.40%
4,052
$739,693,000 0.53%
Analog Devices Inc.
Closed
3,450
$682,376,000
Apple Inc
46.90%
3,225
$679,144,000 0.49%
Invesco Exch Traded Fd Tr Ii
No change
41,099
$951,960,000 0.68%
Alphabet Inc
Closed
4,394
$669,031,000
Pfizer Inc.
3.00%
23,682
$662,622,000 0.48%
Blackrock Inc.
Closed
756
$630,277,000
Alphabet Inc
50.94%
3,406
$620,403,000 0.44%
Bank America Corp
Closed
16,090
$610,133,000
Vanguard Index Fds
25.61%
7,603
$1,456,714,000 1.04%
Norwegian Cruise Line Hldg Ltd
No change
30,787
$578,488,000 0.41%
Rio Tinto plc
1.66%
8,758
$577,415,000 0.41%
Duke Energy Corp.
Opened
5,735
$574,819,000 0.41%
Fidelity National Financial In
2.91%
11,403
$563,536,000 0.40%
Tesla Inc
No change
2,800
$554,064,000 0.40%
3M Co.
7.29%
5,295
$541,096,000 0.39%
Main Str Cap Corp
Opened
10,646
$537,517,000 0.39%
Accenture Plc Ireland
Closed
1,450
$502,411,000
Lyondellbasell Industries N V
0.08%
4,944
$472,943,000 0.34%
Phillips 66
4.13%
3,149
$444,544,000 0.32%
Dover Corp.
Closed
2,474
$438,368,000
Kraft Heinz Co
4.29%
13,543
$436,355,000 0.31%
Franklin Resources, Inc.
Closed
15,401
$432,922,000
Abbott Labs
Closed
3,747
$425,884,000
AGCO Corp.
Closed
3,445
$423,804,000
Bank Montreal Que
5.29%
5,037
$422,352,000 0.30%
United Parcel Service, Inc.
Closed
2,803
$416,610,000
Texas Instrs Inc
Closed
2,351
$409,568,000
Toronto Dominion Bk Ont
48.11%
7,336
$403,187,000 0.29%
Enbridge Inc
6.23%
11,299
$402,131,000 0.29%
Adobe Inc
Closed
777
$392,074,000
Dominion Energy Inc
8.74%
7,440
$364,560,000 0.26%
Johnson Ctls Intl Plc
Closed
5,517
$360,370,000
Suncor Energy, Inc.
Closed
9,754
$360,020,000
Laboratory Corp Amer Hldgs
Closed
1,623
$354,561,000
Keurig Dr Pepper Inc
Closed
11,476
$351,969,000
International Business Machs
12.76%
1,971
$340,884,000 0.24%
Genuine Parts Co.
Closed
2,200
$340,846,000
Southern Copper Corporation
7.12%
2,977
$320,787,000 0.23%
Schlumberger Ltd.
Closed
5,520
$302,551,000
AT&T Inc.
15.54%
15,476
$295,746,000 0.21%
Canadian Pacific Kansas City
No change
3,749
$295,159,000 0.21%
Keysight Technologies Inc
Closed
1,860
$290,867,000
Exxon Mobil Corp.
2.12%
2,405
$276,864,000 0.20%
Epam Sys Inc
Closed
875
$241,640,000
Bhp Group Ltd
3.04%
4,199
$239,721,000 0.17%
Merck & Co Inc
Opened
1,750
$216,650,000 0.16%
No transactions found
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