United Bank 13F annual report
United Bank is an investment fund managing more than $806 billion ran by Catherine Houser. There are currently 108 companies in Mrs. Houser’s portfolio. The largest investments include Hubbell and Ishares, together worth $260 billion.
$806 billion Assets Under Management (AUM)
As of 7th August 2024, United Bank’s top holding is 286,822 shares of Hubbell currently worth over $105 billion and making up 13.0% of the portfolio value.
Relative to the number of outstanding shares of Hubbell, United Bank owns more than approximately 0.1% of the company.
In addition, the fund holds 2,065,376 shares of Ishares worth $155 billion.
The third-largest holding is Microsoft worth $39.3 billion and the next is Apple Inc worth $35 billion, with 166,380 shares owned.
Currently, United Bank's portfolio is worth at least $806 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 United Bank
The United Bank office and employees reside in Vienna, Virginia. According to the last 13-F report filed with the SEC, Catherine Houser serves as the Director of Operations at United Bank.
Recent trades
In the most recent 13F filing, United Bank revealed that it had opened a new position in
Tesla Inc and bought 7,819 shares worth $1.55 billion.
This means they effectively own approximately 0.1% of the company.
Tesla Inc makes up
3.6%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by 13.3% in the past year.
The investment fund also strengthened its position in Ishares by buying
45,666 additional shares.
This makes their stake in Ishares total 2,065,376 shares worth $155 billion.
On the other hand, there are companies that United Bank is getting rid of from its portfolio.
United Bank closed its position in Vanguard on 14th August 2024.
It sold the previously owned 7,083 shares for $725 million.
Catherine Houser also disclosed a decreased stake in Hubbell by approximately 0.1%.
This leaves the value of the investment at $105 billion and 286,822 shares.
One of the average hedge funds
The two most similar investment funds to United Bank are Alpine Global Management and Ally. They manage $806 billion and $806 billion respectively.
Catherine Houser investment strategy
United Bank’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 25.4% of
the total portfolio value.
The fund focuses on investments in the United States as
78.7% 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
74% of the total holdings value.
On the other hand, small-cap stocks make up only 4.6% of the portfolio.
The average market cap of the portfolio companies is close to $202 billion.
The complete list of United Bank 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 |
|---|---|---|---|
| Hubbell Inc. |
4.38%
286,822
|
$104,827,703,000 | 13.01% |
| Ishares |
2.26%
2,065,376
|
$155,229,758,000 | 19.26% |
| Microsoft Corporation |
2.89%
87,979
|
$39,322,221,000 | 4.88% |
| Apple Inc |
10.79%
166,380
|
$35,042,954,000 | 4.35% |
| United Bankshares, Inc. |
4.84%
760,672
|
$24,676,200,000 | 3.06% |
| JPMorgan Chase & Co. |
0.03%
102,867
|
$20,805,880,000 | 2.58% |
| Iron Mountain Inc. |
10.41%
220,820
|
$19,789,886,000 | 2.46% |
| Chevron Corp. |
3.53%
118,945
|
$18,605,377,000 | 2.31% |
| Procter & Gamble Co. |
5.94%
101,368
|
$16,717,609,000 | 2.07% |
| AMGEN Inc. |
6.40%
53,417
|
$16,690,151,000 | 2.07% |
| Waste Management, Inc. |
8.23%
77,228
|
$16,475,824,000 | 2.04% |
| Dover Corp. |
7.35%
86,393
|
$15,589,630,000 | 1.93% |
| Corning, Inc. |
4.66%
397,106
|
$15,427,572,000 | 1.91% |
| General Dynamics Corp. |
8.16%
50,139
|
$14,547,327,000 | 1.81% |
| Texas Instruments Inc. |
6.38%
74,081
|
$14,410,978,000 | 1.79% |
| Abbott Laboratories |
4.83%
136,873
|
$14,222,480,000 | 1.76% |
| Mcdonalds Corp |
4.97%
55,190
|
$14,064,619,000 | 1.75% |
| Cisco Systems, Inc. |
3.84%
293,275
|
$13,933,503,000 | 1.73% |
| Johnson & Johnson |
4.42%
94,640
|
$13,832,591,000 | 1.72% |
| EOG Resources, Inc. |
6.38%
109,352
|
$13,764,131,000 | 1.71% |
| Air Prods & Chems Inc |
5.47%
52,018
|
$13,423,257,000 | 1.67% |
| Pfizer Inc. |
0.12%
451,174
|
$12,623,851,000 | 1.57% |
| Cummins Inc. |
2.86%
44,209
|
$12,242,808,000 | 1.52% |
| Quest Diagnostics, Inc. |
6.09%
89,158
|
$12,203,953,000 | 1.51% |
| Us Bancorp |
4.32%
301,272
|
$11,960,517,000 | 1.48% |
| Blackrock Inc. |
7.29%
14,855
|
$11,695,652,000 | 1.45% |
| Target Corp |
3.79%
75,393
|
$11,161,188,000 | 1.38% |
| United Parcel Service, Inc. |
2.28%
80,856
|
$11,065,156,000 | 1.37% |
| Exxon Mobil Corp. |
1.40%
71,299
|
$8,207,942,000 | 1.02% |
| Vanguard |
1.02%
238,846
|
$34,996,921,000 | 4.34% |
| KLA Corp. |
7.83%
5,861
|
$4,832,454,000 | 0.60% |
| Spdr |
0.92%
17,054
|
$7,325,098,000 | 0.91% |
| Amazon.com Inc. |
1.15%
20,601
|
$3,981,144,000 | 0.49% |
| Coca-Cola Co |
0.36%
55,065
|
$3,504,887,000 | 0.43% |
| Alphabet Inc |
2.44%
24,686
|
$4,508,973,000 | 0.56% |
| NVIDIA Corp |
1,077.00%
20,468
|
$2,528,617,000 | 0.31% |
| Eli Lilly & Co |
40.54%
2,055
|
$1,860,558,000 | 0.23% |
| Meta Platforms Inc |
10.94%
3,418
|
$1,723,423,000 | 0.21% |
| Visa Inc |
4.01%
6,400
|
$1,679,809,000 | 0.21% |
| Abbvie Inc |
0.63%
9,046
|
$1,551,570,000 | 0.19% |
| Tesla Inc |
Opened
7,819
|
$1,547,225,000 | 0.19% |
| Home Depot, Inc. |
7.88%
4,453
|
$1,532,901,000 | 0.19% |
| Verizon Communications Inc |
2.55%
34,445
|
$1,420,512,000 | 0.18% |
| Honeywell International Inc |
No change
6,599
|
$1,409,150,000 | 0.17% |
| Berkshire Hathaway Inc. |
85.55%
3,364
|
$1,980,310,000 | 0.25% |
| American Electric Pwr Inc |
No change
15,157
|
$1,329,875,000 | 0.17% |
| AT&T Inc. |
1.92%
61,215
|
$1,169,819,000 | 0.15% |
| Oracle Corp. |
1.26%
7,835
|
$1,106,302,000 | 0.14% |
| The Southern Co. |
0.74%
13,700
|
$1,062,709,000 | 0.13% |
| Truist Financial Corporation |
No change
26,377
|
$1,024,746,000 | 0.13% |
| Duke Energy Corp. |
No change
9,445
|
$946,672,000 | 0.12% |
| Pepsico Inc |
0.85%
5,504
|
$907,775,000 | 0.11% |
| Walmart Inc |
7.17%
11,844
|
$801,957,000 | 0.10% |
| Bristol-Myers Squibb Co. |
0.16%
19,298
|
$801,445,000 | 0.10% |
| Lowe's Companies Inc |
0.36%
3,628
|
$799,829,000 | 0.10% |
| Republic Services, Inc. |
2.32%
3,323
|
$645,792,000 | 0.08% |
| Automatic Data Processing Inc. |
0.67%
2,685
|
$640,881,000 | 0.08% |
| Deere & Co. |
3.21%
1,660
|
$620,226,000 | 0.08% |
| 3M Co. |
No change
5,876
|
$600,468,000 | 0.07% |
| NextEra Energy Inc |
0.54%
8,220
|
$582,058,000 | 0.07% |
| Merck & Co Inc |
3.45%
4,616
|
$571,461,000 | 0.07% |
| Dominion Energy Inc |
3.24%
11,354
|
$556,346,000 | 0.07% |
| Altria Group Inc. |
No change
11,558
|
$526,467,000 | 0.07% |
| Consolidated Edison, Inc. |
No change
5,850
|
$523,107,000 | 0.06% |
| Comcast Corp |
5.74%
13,179
|
$516,089,000 | 0.06% |
| Caterpillar Inc. |
5.06%
1,540
|
$512,974,000 | 0.06% |
| Allstate Corp (The) |
No change
3,000
|
$478,980,000 | 0.06% |
| Palo Alto Networks Inc |
7.62%
1,399
|
$474,275,000 | 0.06% |
| Costco Wholesale Corp |
18.55%
527
|
$447,944,000 | 0.06% |
| Yum! Brands Inc |
4.48%
3,200
|
$423,872,000 | 0.05% |
| GE Aerospace |
2.15%
2,659
|
$422,701,000 | 0.05% |
| Mastercard Incorporated |
1.84%
940
|
$414,689,000 | 0.05% |
| Garmin Ltd |
No change
2,500
|
$407,300,000 | 0.05% |
| Booking Holdings Inc |
2.30%
89
|
$352,576,000 | 0.04% |
| Bank Of America Corp. |
1.15%
8,118
|
$322,853,000 | 0.04% |
| General Mills, Inc. |
No change
5,100
|
$322,626,000 | 0.04% |
| Netflix Inc. |
13.44%
470
|
$317,193,000 | 0.04% |
| Adobe Inc |
6.38%
567
|
$314,992,000 | 0.04% |
| Union Pacific Corp. |
5.92%
1,360
|
$307,714,000 | 0.04% |
| Rockwell Automation Inc |
No change
1,115
|
$306,937,000 | 0.04% |
| Fnb Corp |
No change
21,900
|
$299,592,000 | 0.04% |
| Xylem Inc |
No change
2,200
|
$298,386,000 | 0.04% |
| Aflac Inc. |
No change
3,275
|
$292,490,000 | 0.04% |
| Pjt Partners Inc - A |
No change
2,675
|
$288,660,000 | 0.04% |
| Nike, Inc. |
No change
3,656
|
$275,553,000 | 0.03% |
| Tjx Cos Inc |
1.63%
2,490
|
$274,149,000 | 0.03% |
| Unitedhealth Group Inc |
1.29%
536
|
$272,964,000 | 0.03% |
| Dow Inc |
9.04%
5,029
|
$266,789,000 | 0.03% |
| Intuit Inc |
Opened
397
|
$260,912,000 | 0.03% |
| Genuine Parts Co. |
No change
1,879
|
$259,903,000 | 0.03% |
| Vanguard |
Closed
7,083
|
$724,598,000 | |
| RTX Corp |
No change
2,516
|
$252,581,000 | 0.03% |
| Applovin Corp-class A |
Opened
3,000
|
$249,660,000 | 0.03% |
| Zimmer Biomet Holdings Inc |
Closed
1,838
|
$242,579,000 | |
| Advanced Micro Devices Inc. |
29.25%
1,489
|
$241,531,000 | 0.03% |
| Qualcomm, Inc. |
20.13%
1,194
|
$237,821,000 | 0.03% |
| Wells Fargo & Co. |
No change
4,000
|
$237,560,000 | 0.03% |
| Ishares |
Closed
2,165
|
$236,353,000 | |
| EPAM Systems Inc |
Closed
840
|
$231,973,000 | |
| Invesco Ltd |
Closed
515
|
$228,665,000 | |
| Linde Plc. |
No change
507
|
$222,477,000 | 0.03% |
| Intel Corp. |
46.65%
7,067
|
$218,866,000 | 0.03% |
| Philip Morris International Inc |
Opened
2,149
|
$217,759,000 | 0.03% |
| Micron Technology Inc. |
Opened
1,625
|
$213,737,000 | 0.03% |
| Norfolk Southern Corp. |
No change
994
|
$213,402,000 | 0.03% |
| Morgan Stanley Group Inc |
Closed
2,242
|
$211,107,000 | |
| Illinois Tool Works, Inc. |
Closed
765
|
$205,273,000 | |
| Accenture |
Closed
588
|
$203,807,000 | |
| Trevi Therapeutics, Inc. |
9.67%
31,200
|
$92,976,000 | 0.01% |
| Lineage Cell |
23.81%
52,000
|
$51,861,000 | 0.01% |
| Autolus Therapeutics plc |
No change
11,500
|
$40,020,000 | 0.00% |
| Cardiff Oncology, Inc. |
16.13%
18,000
|
$39,960,000 | 0.00% |
| Viracta Therapeutics Inc |
Closed
25,200
|
$25,704,000 | |
| BioAtla, Inc. |
Opened
13,000
|
$17,810,000 | 0.00% |
| Vor Biopharma Inc. |
40.37%
15,300
|
$15,300,000 | 0.00% |
| American Resources Corporation |
Closed
10,000
|
$14,100,000 | |
| Talphera Inc |
No change
14,800
|
$13,172,000 | 0.00% |
| Protokinetix Inc |
No change
50,600
|
$506,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 118 holdings | |||
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