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.
$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 | |||
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