Family Management Corp 13F annual report

Family Management Corp is an investment fund managing more than $561 billion ran by Philip Frank. There are currently 125 companies in Mr. Frank’s portfolio. The largest investments include Pimco Etf Tr and Ishares Tr, together worth $165 billion.

Limited to 30 biggest holdings

$561 billion Assets Under Management (AUM)

As of 7th August 2024, Family Management Corp’s top holding is 594,759 shares of Pimco Etf Tr currently worth over $59.9 billion and making up 10.7% of the portfolio value. In addition, the fund holds 979,871 shares of Ishares Tr worth $105 billion. The third-largest holding is Microsoft worth $23.5 billion and the next is Ishares Tr worth $29.7 billion, with 544,883 shares owned.

Currently, Family Management Corp's portfolio is worth at least $561 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 Family Management Corp

The Family Management Corp office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Philip Frank serves as the Chief Compliance Officer at Family Management Corp.

Recent trades

In the most recent 13F filing, Family Management Corp revealed that it had opened a new position in Ishares Tr and bought 544,883 shares worth $29.7 billion.

The investment fund also strengthened its position in Pimco Etf Tr by buying 243,438 additional shares. This makes their stake in Pimco Etf Tr total 594,759 shares worth $59.9 billion.

On the other hand, there are companies that Family Management Corp is getting rid of from its portfolio. Family Management Corp closed its position in VanEck ETF Trust on 14th August 2024. It sold the previously owned 800,787 shares for $20.3 billion. Philip Frank also disclosed a decreased stake in Ishares Tr by 0.1%. This leaves the value of the investment at $105 billion and 979,871 shares.

One of the average hedge funds

The two most similar investment funds to Family Management Corp are New England Private Wealth Advisors and Legacy Advisors. They manage $561 billion and $562 billion respectively.


Philip Frank investment strategy

Family Management Corp’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 14.7% of the total portfolio value. The fund focuses on investments in the United States as 44.0% 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 40% of the total holdings value. On the other hand, small-cap stocks make up only 2.4% of the portfolio. The average market cap of the portfolio companies is close to $237 billion.

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

These positions were updated on August 14th 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
Pimco Etf Tr
69.29%
594,759
$59,862,531,000 10.67%
Ishares Tr
12.03%
979,871
$104,734,647,000 18.66%
Microsoft Corporation
7.13%
52,480
$23,455,936,000 4.18%
Ishares Tr
Opened
544,883
$29,701,531,000 5.29%
Spdr S&p 500 Etf Tr
23.64%
38,302
$20,844,892,000 3.71%
VanEck ETF Trust
Closed
800,787
$20,252,254,000
Apple Inc
8.31%
94,679
$19,941,291,000 3.55%
NVIDIA Corp
641.73%
143,889
$17,776,047,000 3.17%
Vanguard Specialized Funds
8.12%
97,368
$17,774,528,000 3.17%
Alphabet Inc
4.21%
99,169
$18,072,463,000 3.22%
Amazon.com Inc.
2.00%
65,893
$12,733,822,000 2.27%
Pacer Fds Tr
404.43%
264,828
$11,535,905,000 2.06%
Goldman Sachs Etf Tr
8.57%
78,561
$8,402,099,000 1.50%
Simplify Exchange Traded Fun
Opened
161,995
$8,158,068,000 1.45%
Berkshire Hathaway Inc.
2.18%
19,011
$7,733,675,000 1.38%
Home Depot, Inc.
4.53%
21,444
$7,381,883,000 1.32%
Regeneron Pharmaceuticals, Inc.
8.27%
6,650
$6,989,350,000 1.25%
Vanguard Index Fds
142.74%
58,729
$11,164,661,000 1.99%
Vanguard Scottsdale Fds
63.10%
87,110
$6,726,861,000 1.20%
Meta Platforms Inc
Opened
10,207
$5,146,574,000 0.92%
American Express Co.
0.02%
22,175
$5,134,621,000 0.92%
Shell Plc
1,633.43%
69,632
$5,026,038,000 0.90%
Broadcom Inc
820.90%
3,085
$4,953,060,000 0.88%
Adobe Inc
1,018.58%
8,367
$4,648,203,000 0.83%
Elevance Health Inc
Opened
8,563
$4,639,947,000 0.83%
Procter And Gamble Co
607.43%
27,611
$4,553,606,000 0.81%
Booking Holdings Inc
Opened
1,116
$4,421,034,000 0.79%
NRG Energy Inc.
Opened
54,556
$4,247,730,000 0.76%
Spdr Ser Tr
68.31%
52,537
$4,773,329,000 0.85%
Johnson & Johnson
28.47%
27,908
$4,079,033,000 0.73%
Visa Inc
35.48%
15,538
$4,078,259,000 0.73%
Fastenal Co.
13.31%
64,853
$4,075,363,000 0.73%
JPMorgan Chase & Co.
5.88%
19,917
$4,028,412,000 0.72%
Kroger Co.
Opened
79,552
$3,972,031,000 0.71%
Bank America Corp
34.94%
98,342
$3,918,000,000 0.70%
Merck & Co Inc
570.32%
30,915
$3,827,277,000 0.68%
Union Pac Corp
10.95%
16,462
$3,724,692,000 0.66%
Eli Lilly & Co
Opened
3,993
$3,615,182,000 0.64%
Texas Pacific Land Corporati
Opened
4,836
$3,550,930,000 0.63%
Conocophillips
Opened
29,287
$3,349,847,000 0.60%
Deere & Co.
Opened
8,958
$3,346,978,000 0.60%
Salesforce Inc
Opened
13,002
$3,342,814,000 0.60%
Qualcomm, Inc.
Opened
16,104
$3,207,595,000 0.57%
General Mtrs Co
Opened
69,000
$3,205,740,000 0.57%
Janus Detroit Str Tr
Opened
61,253
$3,170,455,000 0.56%
Pulte Group Inc
Opened
28,458
$3,133,226,000 0.56%
Intercontinental Exchange In
Closed
26,610
$2,927,632,000
Caterpillar Inc.
Opened
8,702
$2,898,636,000 0.52%
American Tower Corp.
Closed
17,490
$2,876,231,000
Chevron Corp.
Closed
16,575
$2,794,877,000
Medtronic Plc
Closed
34,858
$2,731,473,000
Eog Res Inc
Opened
21,335
$2,685,436,000 0.48%
Ameriprise Finl Inc
0.24%
6,191
$2,644,733,000 0.47%
Applied Matls Inc
Opened
10,740
$2,534,533,000 0.45%
Tesla Inc
Closed
9,767
$2,443,899,000
AMGEN Inc.
8.09%
7,812
$2,440,859,000 0.43%
Disney Walt Co
Closed
29,835
$2,418,127,000
Aflac Inc.
Opened
26,984
$2,409,941,000 0.43%
Fifth Third Bancorp
Opened
64,553
$2,355,539,000 0.42%
Bhp Group Ltd
Opened
32,896
$1,878,033,000 0.33%
CRH Plc
Opened
24,715
$1,841,749,000 0.33%
J P Morgan Exchange Traded F
29.68%
36,111
$1,822,522,000 0.32%
Corebridge Finl Inc
Closed
91,324
$1,803,649,000
Exchange Listed Fds Tr
Opened
83,656
$1,781,036,000 0.32%
Valued Advisers Tr
Opened
65,031
$1,647,561,000 0.29%
Ishares Gold Tr
59.47%
35,933
$1,578,537,000 0.28%
Lyondellbasell Industries N
Closed
16,269
$1,540,674,000
The Southern Co.
Closed
22,284
$1,442,220,000
Schwab Strategic Tr
27.87%
23,582
$1,550,915,000 0.28%
Ares Capital Corp
49.05%
60,390
$1,258,528,000 0.22%
Pimco Dynamic Income Strateg
Opened
48,534
$1,081,338,000 0.19%
Ark Etf Tr
19.22%
26,893
$1,127,218,000 0.20%
Vanguard Intl Equity Index F
Opened
10,473
$1,103,599,000 0.20%
Sherwin-Williams Co.
83.65%
3,049
$909,913,000 0.16%
Walmart Inc
62.83%
12,852
$870,209,000 0.16%
Golub Cap Bdc Inc
18.99%
50,589
$794,753,000 0.14%
Spdr Gold Tr
20.68%
3,689
$793,172,000 0.14%
Taiwan Semiconductor Mfg Ltd
Opened
4,328
$752,250,000 0.13%
Exxon Mobil Corp.
5.07%
5,893
$678,402,000 0.12%
Spdr Index Shs Fds
Opened
16,565
$690,051,000 0.12%
Progressive Corp.
52.23%
3,043
$632,062,000 0.11%
Black Stone Minerals L.P.
No change
39,767
$623,149,000 0.11%
Doubleline Etf Trust
Opened
11,972
$615,231,000 0.11%
Costco Whsl Corp New
6.90%
702
$596,693,000 0.11%
Ishares Tr
Closed
16,599
$1,093,190,000
Invesco Exch Traded Fd Tr Ii
Opened
32,928
$1,523,712,000 0.27%
Asml Holding N V
89.32%
549
$561,479,000 0.10%
Pepsico Inc
22.71%
3,389
$558,948,000 0.10%
Nuveen Pfd & Income Secs Fd
Closed
84,372
$520,575,000
Energy Recovery Inc
Closed
23,800
$504,798,000
Destra Multi-alternative Fd
14.59%
62,466
$504,101,000 0.09%
Novo-nordisk A S
1.72%
3,379
$482,318,000 0.09%
Blackstone Inc
13.86%
3,894
$482,077,000 0.09%
KKR & Co. Inc
24.40%
4,538
$477,579,000 0.09%
Crowdstrike Holdings Inc
80.75%
1,214
$465,193,000 0.08%
Blackrock Health Sciences Te
Opened
29,881
$458,972,000 0.08%
Pfizer Inc.
85.03%
16,257
$454,871,000 0.08%
Legg Mason Etf Invt
No change
6,414
$447,802,000 0.08%
Select Sector Spdr Tr
No change
3,038
$442,789,000 0.08%
Vanguard Scottsdale Fds
Closed
6,009
$430,370,000
Spdr Ser Tr
Closed
20,387
$794,483,000
Northern Lights Fund Trust
Closed
4,833
$426,561,000
Unitedhealth Group Inc
22.46%
808
$411,482,000 0.07%
Super Micro Computer Inc
Opened
502
$411,314,000 0.07%
International Business Machs
1.44%
2,180
$377,031,000 0.07%
RTX Corp
85.34%
3,750
$376,463,000 0.07%
Mastercard Incorporated
86.32%
849
$374,545,000 0.07%
Xylem Inc
No change
2,660
$360,776,000 0.06%
Chubb Limited
16.14%
1,366
$348,439,000 0.06%
Cadence Design System Inc
Opened
1,098
$337,910,000 0.06%
Coca-Cola Co
Closed
6,024
$337,224,000
Enterprise Prods Partners L
Opened
11,570
$335,299,000 0.06%
Nuveen New York Amt Qlt Muni
Closed
32,949
$311,368,000
Eaton Corp Plc
Opened
963
$301,949,000 0.05%
Cintas Corporation
0.24%
426
$298,311,000 0.05%
Ssga Active Etf Tr
Closed
7,418
$286,706,000
Parker-Hannifin Corp.
1.85%
552
$279,207,000 0.05%
Occidental Pete Corp
2.30%
4,396
$277,080,000 0.05%
Apogee Therapeutics Inc
Opened
6,953
$273,601,000 0.05%
Cohen & Steers Real Estate O
Closed
19,939
$260,204,000
Invesco Value Mun Income Tr
22.30%
21,047
$259,720,000 0.05%
General Mls Inc
0.22%
4,000
$253,040,000 0.05%
ServiceNow Inc
29.84%
315
$247,801,000 0.04%
Intuit Inc
Opened
374
$245,797,000 0.04%
Lockheed Martin Corp.
90.74%
512
$239,155,000 0.04%
Target Corp
Closed
2,112
$233,524,000
Lam Research Corp.
Opened
216
$230,008,000 0.04%
Thermo Fisher Scientific Inc.
14.08%
415
$229,495,000 0.04%
Kenvue Inc
Closed
11,393
$228,771,000
Oppfi Inc
26.33%
67,170
$227,706,000 0.04%
Netflix Inc.
Opened
336
$226,760,000 0.04%
Ncino, Inc.
Closed
7,062
$224,572,000
Marathon Oil Corporation
No change
7,800
$223,626,000 0.04%
American Elec Pwr Co Inc
17.64%
2,521
$221,193,000 0.04%
Abrdn Palladium Etf Trust
Opened
2,475
$220,498,000 0.04%
Palo Alto Networks Inc
Opened
642
$217,644,000 0.04%
Nike, Inc.
30.37%
2,880
$217,066,000 0.04%
Oracle Corp.
Opened
1,500
$211,800,000 0.04%
Rivian Automotive, Inc.
Closed
8,679
$210,726,000
Doubleline Opportunistic Cr
Closed
14,314
$208,698,000
Ishares Silver Tr
Opened
7,668
$203,739,000 0.04%
Invesco Exchange Traded Fd T
Opened
3,318
$244,317,000 0.04%
Nuveen Municipal Credit Inc
No change
14,889
$183,879,000 0.03%
Blackrock Municipal Income
No change
14,898
$183,841,000 0.03%
Nuveen Quality Muncp Income
25.93%
15,321
$179,869,000 0.03%
Pimco Dynamic Income Oprnts
Closed
14,046
$166,866,000
Nuveen Amt Free Qlty Mun Inc
Closed
17,068
$165,218,000
Warner Bros.Discovery Inc
Closed
13,876
$150,693,000
Collaborative Investmnt Ser
Closed
11,575
$289,579,000
Nuveen Mun High Income Oppor
Closed
14,750
$136,880,000
Blackrock Muniyield Fd Inc
No change
12,029
$130,515,000 0.02%
Blackrock Cr Allocation Inco
Closed
12,119
$117,312,000
Saba Capital Income & Oprnt
20.32%
12,563
$88,444,000 0.02%
Spdr Ser Tr
Opened
445
$35,658,000 0.01%
BioCardia, Inc.
Closed
77,500
$33,317,000
Vanguard Index Fds
Opened
114
$32,297,000 0.01%
Rafael Holdings Inc
Opened
10,000
$14,400,000 0.00%
Schwab Charles Corp
Closed
239
$13,121,000
Inseego Corp
Closed
27,552
$11,572,000
No transactions found
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