Parsec Management 13F annual report

Parsec Management is an investment fund managing more than $2.37 trillion ran by Harli Palme. There are currently 227 companies in Palme’s portfolio. The largest investments include Vanguard Tax-managed Fds and Dimensional Etf Trust, together worth $336 billion.

Limited to 30 biggest holdings

$2.37 trillion Assets Under Management (AUM)

As of 30th March 2023, Parsec Management’s top holding is 4,785,721 shares of Vanguard Tax-managed Fds currently worth over $216 billion and making up 9.1% of the portfolio value. In addition, the fund holds 4,151,665 shares of Dimensional Etf Trust worth $119 billion. The third-largest holding is Apple Inc worth $119 billion and the next is Microsoft worth $98.9 billion, with 343,166 shares owned.

Currently, Parsec Management's portfolio is worth at least $2.37 trillion. 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 Parsec Management

The Parsec Management office and employees reside in Asheville, North Carolina. According to the last 13-F report filed with the SEC, Harli Palme serves as the CHIEF COMPLIANCE OFFICER at Parsec Management.

Recent trades

In the most recent 13F filing, Parsec Management revealed that it had opened a new position in Vornado Rlty Tr and bought 60,000 shares worth $922 million.

The investment fund also strengthened its position in Vanguard Tax-managed Fds by buying 66,489 additional shares. This makes their stake in Vanguard Tax-managed Fds total 4,785,721 shares worth $216 billion.

On the other hand, there are companies that Parsec Management is getting rid of from its portfolio. Parsec Management closed its position in Citigroup Inc on 6th April 2023. It sold the previously owned 43,363 shares for $1.96 billion. Harli Palme also disclosed a decreased stake in Apple Inc by approximately 0.1%. This leaves the value of the investment at $119 billion and 719,662 shares.

One of the largest hedge funds

The two most similar investment funds to Parsec Management are Grimes & Company, Inc and Ziegler Capital Management. They manage $2.37 trillion and $2.38 trillion respectively.


Harli Palme investment strategy

Parsec Management’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Technology — making up 9.6% of the total portfolio value. The fund focuses on investments in the United States as 55.5% 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 55% of the total holdings value. On the other hand, small-cap stocks make up only 1.3% of the portfolio. The average market cap of the portfolio companies is close to $144 billion.

The complete list of Parsec Management trades based on 13F SEC filings

These positions were updated on April 6th 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
Vanguard Tax-managed Fds
1.41%
4,785,721
$216,171,031,000 9.11%
Dimensional Etf Trust
12.31%
4,151,665
$119,443,403,000 5.03%
Apple Inc
2.39%
719,662
$118,672,270,000 5.00%
Microsoft Corporation
0.52%
343,166
$98,934,815,000 4.17%
Ishares Tr
4.51%
4,279,459
$382,555,540,000 16.12%
Lowes Cos Inc
1.54%
304,978
$60,986,429,000 2.57%
Cisco Sys Inc
0.24%
901,957
$47,149,820,000 1.99%
Blackrock Inc.
4.68%
67,001
$44,831,636,000 1.89%
Vanguard Intl Equity Index F
3.76%
1,105,260
$44,652,501,000 1.88%
Novo-nordisk A S
3.60%
234,871
$37,377,384,000 1.58%
Broadcom Inc.
0.22%
57,208
$36,701,404,000 1.55%
Interpublic Group Cos Inc
4.04%
943,019
$35,118,016,000 1.48%
Alphabet Inc
1.03%
379,172
$39,419,648,000 1.66%
AMGEN Inc.
1.24%
140,418
$33,946,098,000 1.43%
JPMorgan Chase & Co.
3.26%
248,975
$32,443,978,000 1.37%
Schwab Strategic Tr
2.60%
1,688,841
$94,849,043,000 4.00%
Johnson & Johnson
0.62%
190,325
$29,500,421,000 1.24%
Pepsico Inc
3.34%
150,842
$27,498,477,000 1.16%
Vanguard Scottsdale Fds
0.49%
495,135
$38,193,705,000 1.61%
United Parcel Service, Inc.
2.54%
136,501
$26,479,743,000 1.12%
Visa Inc
2.39%
116,041
$26,162,557,000 1.10%
Emerson Elec Co
5.36%
296,778
$25,861,220,000 1.09%
Lilly Eli & Co
5.22%
72,956
$25,054,463,000 1.06%
Taiwan Semiconductor Mfg Ltd
6.38%
268,736
$24,997,777,000 1.05%
Target Corp
1.67%
145,188
$24,047,529,000 1.01%
Procter And Gamble Co
8.50%
141,807
$21,085,319,000 0.89%
Automatic Data Processing In
1.47%
87,925
$19,574,718,000 0.82%
Pnc Finl Svcs Group Inc
5.50%
136,634
$17,366,184,000 0.73%
Home Depot, Inc.
1.72%
55,868
$16,487,651,000 0.69%
Electronic Arts, Inc.
1.36%
133,344
$16,061,275,000 0.68%
Dover Corp.
1.84%
101,410
$15,408,175,000 0.65%
Advance Auto Parts Inc
2.83%
126,119
$15,337,301,000 0.65%
Lockheed Martin Corp.
2.46%
31,448
$14,866,629,000 0.63%
Unitedhealth Group Inc
5.95%
31,451
$14,863,357,000 0.63%
Starbucks Corp.
7.15%
140,960
$14,678,192,000 0.62%
Toronto Dominion Bk Ont
6.36%
240,396
$14,399,716,000 0.61%
Abbvie Inc
1.35%
81,583
$13,001,855,000 0.55%
Bristol-Myers Squibb Co.
10.73%
187,426
$12,990,523,000 0.55%
Stryker Corp.
3.98%
42,979
$12,269,300,000 0.52%
Abbott Labs
35.12%
114,024
$11,546,058,000 0.49%
Comcast Corp New
12.80%
303,112
$11,490,963,000 0.48%
Coca-Cola Co
3.18%
175,552
$10,889,514,000 0.46%
Williams-Sonoma, Inc.
16.06%
85,431
$10,393,557,000 0.44%
Colgate-Palmolive Co.
12.15%
135,802
$10,205,526,000 0.43%
Amazon.com Inc.
5.95%
98,740
$10,198,855,000 0.43%
Elevance Health Inc
2.04%
21,426
$9,851,889,000 0.42%
Disney Walt Co
3.63%
98,052
$9,817,916,000 0.41%
Unilever plc
0.16%
186,149
$9,666,698,000 0.41%
Skyworks Solutions, Inc.
17.09%
74,585
$8,799,590,000 0.37%
Logitech Intl S A
10.11%
150,733
$8,751,541,000 0.37%
Ishares Inc
0.37%
277,614
$12,430,099,000 0.52%
Schwab Charles Corp
5.03%
164,267
$8,604,291,000 0.36%
Lam Research Corp.
17.36%
16,009
$8,486,951,000 0.36%
Walmart Inc
4.58%
57,451
$8,471,077,000 0.36%
Fedex Corp
8.74%
35,963
$8,217,120,000 0.35%
Regeneron Pharmaceuticals, Inc.
0.21%
9,928
$8,157,540,000 0.34%
Oracle Corp.
2.89%
87,041
$8,087,829,000 0.34%
Spdr S&p 500 Etf Tr
1.90%
18,181
$7,443,316,000 0.31%
Vertex Pharmaceuticals, Inc.
0.56%
22,584
$7,115,541,000 0.30%
Sei Invts Co
4.91%
119,656
$6,886,208,000 0.29%
Nutrien Ltd
2.72%
92,956
$6,864,809,000 0.29%
Huntington Bancshares, Inc.
12.53%
589,986
$6,607,840,000 0.28%
Rio Tinto plc
10.60%
90,772
$6,226,975,000 0.26%
Adobe Systems Incorporated
0.67%
16,092
$6,201,374,000 0.26%
Jacobs Solutions Inc
4.68%
51,423
$6,042,717,000 0.25%
Sysco Corp.
1.37%
75,297
$5,815,192,000 0.25%
CVS Health Corp
45.95%
77,806
$5,781,767,000 0.24%
PayPal Holdings Inc
3.47%
75,347
$5,721,851,000 0.24%
Intercontinental Exchange In
14.10%
54,707
$5,705,389,000 0.24%
Asml Holding N V
9.45%
8,121
$5,528,057,000 0.23%
Berkshire Hathaway Inc.
6.27%
17,654
$5,451,026,000 0.23%
Vanguard Whitehall Fds
4.19%
51,431
$5,425,982,000 0.23%
Stmicroelectronics N V
3.32%
98,344
$5,260,417,000 0.22%
Spdr Ser Tr
2.83%
269,464
$13,508,780,000 0.57%
Truist Finl Corp
101.51%
144,629
$4,931,858,000 0.21%
Hubbell Inc.
50.45%
19,730
$4,800,506,000 0.20%
Fortinet Inc
10.55%
71,780
$4,770,499,000 0.20%
Vanguard World Fd
2.86%
75,446
$4,730,464,000 0.20%
Vanguard Index Fds
2.58%
56,001
$10,021,492,000 0.42%
Align Technology, Inc.
66.45%
13,634
$4,555,665,000 0.19%
Tyson Foods, Inc.
1.51%
70,087
$4,157,586,000 0.18%
Wisdomtree Tr
0.76%
171,891
$6,445,122,000 0.27%
Jefferies Finl Group Inc
29.69%
112,964
$3,585,472,000 0.15%
Chevron Corp.
1.53%
21,596
$3,523,683,000 0.15%
Aflac Inc.
15.94%
52,842
$3,409,366,000 0.14%
CIENA Corp.
23.50%
64,225
$3,373,097,000 0.14%
Global Pmts Inc
5.00%
30,781
$3,239,375,000 0.14%
Raytheon Technologies Corporation
1.97%
31,485
$3,083,305,000 0.13%
Infosys Ltd
2.16%
173,552
$3,026,747,000 0.13%
Lauder Estee Cos Inc
0.86%
12,279
$3,026,313,000 0.13%
3M Co.
8.04%
27,482
$2,888,667,000 0.12%
Duke Energy Corp.
45.75%
29,774
$2,872,307,000 0.12%
Exxon Mobil Corp.
5.28%
26,073
$2,859,165,000 0.12%
NextEra Energy Inc
1.02%
34,859
$2,686,963,000 0.11%
Select Sector Spdr Tr
6.62%
62,957
$4,669,924,000 0.20%
First Tr Exchange Traded Fd
1.14%
29,526
$2,469,262,000 0.10%
Vanguard World Fds
5.41%
12,859
$3,366,792,000 0.14%
Norfolk Southn Corp
2.18%
10,778
$2,284,859,000 0.10%
Royal Bk Cda Sustainabl
0.18%
21,696
$2,073,704,000 0.09%
Deere & Co.
11.46%
5,022
$2,073,483,000 0.09%
Citigroup Inc
Closed
43,363
$1,961,308,000
Pfizer Inc.
4.61%
46,983
$1,916,894,000 0.08%
Merck & Co Inc
2.71%
17,978
$1,912,715,000 0.08%
Intel Corp.
13.25%
57,604
$1,881,915,000 0.08%
Etsy Inc
2.04%
16,796
$1,869,899,000 0.08%
Qualcomm, Inc.
3.14%
14,513
$1,851,584,000 0.08%
Hologic, Inc.
No change
22,909
$1,848,756,000 0.08%
Dollar Gen Corp New
0.33%
8,621
$1,814,376,000 0.08%
Booking Holdings Inc
1.35%
659
$1,747,938,000 0.07%
Philip Morris International Inc
68.93%
16,959
$1,649,278,000 0.07%
NVIDIA Corp
4.59%
5,537
$1,538,062,000 0.06%
Caterpillar Inc.
5.79%
6,701
$1,533,457,000 0.06%
Vanguard Malvern Fds
20.81%
29,840
$1,426,949,000 0.06%
Nucor Corp.
0.31%
9,137
$1,411,466,000 0.06%
Mcdonalds Corp
2.09%
5,007
$1,400,098,000 0.06%
General Mls Inc
No change
15,284
$1,306,171,000 0.06%
Costco Whsl Corp New
6.67%
2,448
$1,216,563,000 0.05%
Tesla Inc
9.65%
5,493
$1,139,578,000 0.05%
Spdr Gold Tr
No change
6,084
$1,114,710,000 0.05%
Thermo Fisher Scientific Inc.
2.61%
1,906
$1,098,561,000 0.05%
Danaher Corp.
0.66%
4,347
$1,095,618,000 0.05%
Kinder Morgan Inc
0.39%
60,927
$1,066,832,000 0.04%
Salesforce Inc
11.18%
5,061
$1,011,087,000 0.04%
Energy Transfer L P
0.14%
77,339
$964,411,000 0.04%
Prudential Finl Inc
19.59%
11,505
$951,900,000 0.04%
Zimmer Biomet Holdings Inc
0.98%
7,265
$938,638,000 0.04%
Sherwin-Williams Co.
No change
4,148
$932,346,000 0.04%
Vornado Rlty Tr
Opened
60,000
$922,200,000 0.04%
Applied Matls Inc
No change
7,085
$870,251,000 0.04%
Petroleo Brasileiro Sa Petro
54.00%
92,000
$853,760,000 0.04%
Invesco Exch Traded Fd Tr Ii
2.79%
40,311
$794,409,000 0.03%
Vanguard Specialized Funds
3.45%
5,156
$794,122,000 0.03%
Dominion Energy Inc
46.06%
13,969
$780,992,000 0.03%
Hershey Company
76.92%
3,066
$780,018,000 0.03%
Bank America Corp
4.63%
27,071
$774,228,000 0.03%
Vishay Intertechnology, Inc.
0.00%
33,965
$768,291,000 0.03%
Union Pac Corp
No change
3,622
$728,957,000 0.03%
CSX Corp.
15.52%
23,178
$693,936,000 0.03%
Carrier Global Corporation
3.84%
14,275
$653,081,000 0.03%
Macys Inc
No change
37,000
$647,130,000 0.03%
Spdr Dow Jones Indl Average
10.63%
1,934
$643,292,000 0.03%
Honeywell International Inc
3.25%
3,339
$638,150,000 0.03%
Paramount Global
16.52%
28,400
$633,604,000 0.03%
Aon plc.
No change
1,985
$625,851,000 0.03%
Enbridge Inc
7.44%
16,209
$618,373,000 0.03%
Accenture Plc Ireland
28.54%
2,113
$603,917,000 0.03%
Watsco, Inc.
No change
1,870
$594,959,000 0.03%
TotalEnergies SE
78.35%
9,987
$589,732,000 0.02%
Sl Green Rlty Corp
Opened
25,000
$588,000,000 0.02%
Mondelez International Inc.
127.12%
8,358
$582,706,000 0.02%
International Business Machs
8.23%
4,395
$576,130,000 0.02%
Goldman Sachs Group, Inc.
No change
1,759
$575,386,000 0.02%
Paychex Inc.
No change
4,917
$563,439,000 0.02%
Wells Fargo Co New
4.78%
14,761
$551,766,000 0.02%
Otis Worldwide Corporation
4.24%
6,429
$542,608,000 0.02%
American Express Co.
19.99%
3,202
$528,170,000 0.02%
Avnet, Inc.
Opened
11,500
$519,800,000 0.02%
Spdr Ser Tr
Closed
5,404
$504,463,000
Intuit Inc
2.18%
1,123
$500,667,000 0.02%
Genuine Parts Co.
26.69%
2,967
$496,409,000 0.02%
Hewlett Packard Enterprise C
11.58%
30,542
$486,534,000 0.02%
Cummins Inc.
No change
2,017
$481,821,000 0.02%
American Elec Pwr Co Inc
46.07%
5,279
$480,336,000 0.02%
First Bancorp N C
No change
13,368
$474,831,000 0.02%
Marriott Intl Inc New
3.44%
2,810
$466,572,000 0.02%
Polaris Inc
16.28%
4,114
$455,132,000 0.02%
General Electric Co.
11.76%
4,753
$454,387,000 0.02%
Teleflex Incorporated
No change
1,760
$445,826,000 0.02%
Verizon Communications Inc
47.01%
11,423
$444,247,000 0.02%
EBay Inc.
0.57%
9,944
$441,215,000 0.02%
Conocophillips
17.95%
4,435
$439,996,000 0.02%
Sap SE
9.26%
3,438
$435,079,000 0.02%
Kimberly-Clark Corp.
85.26%
3,205
$430,194,000 0.02%
Altria Group Inc.
2.00%
9,117
$406,804,000 0.02%
Clorox Co.
18.98%
2,532
$400,664,000 0.02%
Nike, Inc.
No change
3,249
$398,457,000 0.02%
HP Inc
42.20%
13,422
$393,934,000 0.02%
Corning, Inc.
No change
11,080
$390,902,000 0.02%
Linde Plc.
Closed
1,190
$388,154,000
Boeing Co.
1.47%
1,789
$380,037,000 0.02%
United Rentals, Inc.
No change
934
$369,640,000 0.02%
Nushares Etf Tr
22.48%
13,719
$368,630,000 0.02%
The Southern Co.
No change
5,190
$361,119,000 0.02%
Becton Dickinson & Co
82.21%
1,450
$358,933,000 0.02%
Johnson Ctls Intl Plc
No change
5,926
$356,864,000 0.02%
Mastercard Incorporated
No change
982
$356,711,000 0.02%
Enterprise Prods Partners L
No change
13,083
$338,850,000 0.01%
AT&T Inc.
No change
17,445
$335,825,000 0.01%
Arista Networks Inc
Opened
1,985
$333,202,000 0.01%
Rollins, Inc.
No change
8,445
$316,941,000 0.01%
Tjx Cos Inc New
4.68%
4,016
$314,694,000 0.01%
IES Holdings Inc
No change
7,240
$311,972,000 0.01%
L3Harris Technologies Inc
1.18%
1,589
$311,857,000 0.01%
Synopsys, Inc.
No change
800
$309,000,000 0.01%
Fiserv, Inc.
No change
2,730
$308,572,000 0.01%
Microchip Technology, Inc.
4.07%
3,681
$308,394,000 0.01%
Archer Daniels Midland Co.
No change
3,851
$306,771,000 0.01%
Phillips 66
8.04%
3,024
$306,573,000 0.01%
United Cmnty Bks Blairsvle G
2.84%
10,773
$302,931,000 0.01%
Matson Inc
18.41%
5,035
$300,412,000 0.01%
Morgan Stanley
4.50%
3,350
$294,150,000 0.01%
Corteva Inc
3.73%
4,775
$287,980,000 0.01%
Air Prods & Chems Inc
Opened
991
$284,625,000 0.01%
DuPont de Nemours Inc
2.12%
3,927
$281,841,000 0.01%
Texas Instrs Inc
No change
1,497
$278,454,000 0.01%
Invesco Exchange Traded Fd T
33.40%
5,040
$268,884,000 0.01%
Meta Platforms Inc
Opened
1,264
$267,892,000 0.01%
Amcor Plc
No change
22,440
$255,367,000 0.01%
Novartis AG
No change
2,673
$245,916,000 0.01%
Autozone Inc.
No change
100
$245,815,000 0.01%
Progressive Corp.
Opened
1,612
$230,613,000 0.01%
Ppg Inds Inc
No change
1,675
$223,747,000 0.01%
Realty Income Corp.
No change
3,522
$223,014,000 0.01%
Fifth Third Bancorp
No change
8,243
$219,594,000 0.01%
Rockwell Automation Inc
Opened
742
$217,836,000 0.01%
Laboratory Corp Amer Hldgs
0.53%
946
$217,031,000 0.01%
Ishares Tr
Opened
698
$212,681,000 0.01%
Dow Inc
31.49%
3,863
$211,770,000 0.01%
Netflix Inc.
Opened
610
$210,743,000 0.01%
S&P Global Inc
No change
610
$210,310,000 0.01%
Waste Mgmt Inc Del
Opened
1,282
$209,184,000 0.01%
Price T Rowe Group Inc
69.22%
1,808
$204,123,000 0.01%
Kraft Heinz Co
Opened
5,219
$201,819,000 0.01%
SecureWorks Corp
Opened
18,017
$154,406,000 0.01%
Ford Mtr Co Del
14.91%
11,611
$146,305,000 0.01%
Dnp Select Income Fd Inc
0.18%
11,438
$126,046,000 0.01%
Rithm Capital Corp
40.00%
15,000
$120,000,000 0.01%
Lumen Technologies, Inc.
No change
15,321
$40,601,000 0.00%
Geron Corp.
13.47%
15,000
$32,550,000 0.00%
Proterra Inc
No change
14,703
$22,349,000 0.00%
No transactions found
Showing first 500 out of 230 holdings