Parthenon 13F annual report
Parthenon is an investment fund managing more than $723 billion ran by Todd Lowe. There are currently 103 companies in Mr. Lowe’s portfolio. The largest investments include Microsoft and Berkshire Hathaway, together worth $157 billion.
$723 billion Assets Under Management (AUM)
As of 29th January 2024, Parthenon’s top holding is 262,675 shares of Microsoft currently worth over $98.8 billion and making up 13.7% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Parthenon owns more than approximately 0.1% of the company.
In addition, the fund holds 153,732 shares of Berkshire Hathaway worth $58.6 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Paychex worth $31.2 billion and the next is Meta Platforms Inc worth $28 billion, with 79,108 shares owned.
Currently, Parthenon's portfolio is worth at least $723 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 Parthenon
The Parthenon office and employees reside in Louisville, Kentucky. According to the last 13-F report filed with the SEC, Todd Lowe serves as the President at Parthenon.
Recent trades
In the most recent 13F filing, Parthenon revealed that it had opened a new position in
YETI Inc and bought 219,615 shares worth $11.4 billion.
This means they effectively own approximately 0.1% of the company.
YETI Inc makes up
67.9%
of the fund's Materials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Meta Platforms Inc by buying
25,135 additional shares.
This makes their stake in Meta Platforms Inc total 79,108 shares worth $28 billion.
Meta Platforms Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Parthenon is getting rid of from its portfolio.
Parthenon closed its position in Atlanta Braves Inc on 5th February 2024.
It sold the previously owned 74,000 shares for $1.96 million.
Todd Lowe also disclosed a decreased stake in Microsoft by 0.1%.
This leaves the value of the investment at $98.8 billion and 262,675 shares.
One of the average hedge funds
The two most similar investment funds to Parthenon are Middleton & Co Inc/ma and Logos Global Management L.P.. They manage $724 billion and $724 billion respectively.
Todd Lowe investment strategy
Parthenon’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 25.5% 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
50% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $196 billion.
The complete list of Parthenon trades based on 13F SEC filings
These positions were updated on February 5th 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 |
|---|---|---|---|
| Microsoft Corporation |
11.97%
262,675
|
$98,776,307,000 | 13.66% |
| Berkshire Hathaway Inc. |
5.78%
153,732
|
$58,625,933,000 | 8.10% |
| Paychex Inc. |
6.25%
262,022
|
$31,209,440,000 | 4.31% |
| Meta Platforms Inc |
46.57%
79,108
|
$28,001,068,000 | 3.87% |
| Apple Inc |
3.11%
127,873
|
$24,619,389,000 | 3.40% |
| Alphabet Inc |
1,843.49%
312,610
|
$43,845,303,000 | 6.06% |
| Procter And Gamble Co |
6.14%
149,155
|
$21,857,174,000 | 3.02% |
| Johnson Johnson |
15.27%
125,527
|
$19,675,139,000 | 2.72% |
| Exxon Mobil Corp. |
8.91%
187,183
|
$18,714,556,000 | 2.59% |
| Fastenal Co. |
7.51%
276,077
|
$17,881,507,000 | 2.47% |
| Merck Co Inc |
3.29%
158,883
|
$17,321,414,000 | 2.39% |
| Pepsico Inc |
2.28%
100,795
|
$17,119,023,000 | 2.37% |
| Dover Corp. |
2.10%
110,047
|
$16,926,329,000 | 2.34% |
| Landstar Sys Inc |
7.59%
67,884
|
$13,145,737,000 | 1.82% |
| American Express Co. |
9.49%
69,674
|
$13,052,727,000 | 1.80% |
| Mondelez International Inc. |
5.96%
175,539
|
$12,714,290,000 | 1.76% |
| Booking Holdings Inc |
14.23%
3,580
|
$12,699,048,000 | 1.76% |
| CVS Health Corp |
2.62%
160,638
|
$12,683,976,000 | 1.75% |
| Walmart Inc |
4.03%
80,010
|
$12,613,576,000 | 1.74% |
| Stryker Corp. |
6.45%
39,656
|
$11,875,386,000 | 1.64% |
| YETI Holdings Inc |
Opened
219,615
|
$11,371,665,000 | 1.57% |
| Waters Corp. |
13.31%
33,346
|
$10,978,504,000 | 1.52% |
| Cisco Sys Inc |
4.98%
215,332
|
$10,878,558,000 | 1.50% |
| Churchill Downs, Inc. |
49.63%
72,062
|
$9,723,326,000 | 1.34% |
| Schwab Charles Corp |
Opened
139,880
|
$9,623,744,000 | 1.33% |
| Corning, Inc. |
9.05%
274,627
|
$8,362,392,000 | 1.16% |
| Home Depot, Inc. |
2.89%
23,641
|
$8,192,789,000 | 1.13% |
| Medtronic Plc |
2.40%
92,873
|
$7,650,878,000 | 1.06% |
| Jpmorgan Chase Co |
8.43%
44,746
|
$7,611,295,000 | 1.05% |
| Disney Walt Co |
11.32%
73,677
|
$6,652,296,000 | 0.92% |
| Brown-Forman Corporation |
5.87%
121,756
|
$6,995,096,000 | 0.97% |
| Smucker J M Co |
3.91%
46,040
|
$5,818,535,000 | 0.80% |
| Vanguard Index Fds |
44.30%
17,395
|
$6,651,329,000 | 0.92% |
| Pnc Finl Svcs Group Inc |
2.79%
33,075
|
$5,121,664,000 | 0.71% |
| Ishares Tr |
19.30%
74,859
|
$9,497,782,000 | 1.31% |
| Vanguard Intl Equity Index F |
7.85%
186,983
|
$9,578,464,000 | 1.32% |
| Coca-Cola Co |
1.07%
71,645
|
$4,222,040,000 | 0.58% |
| Mcdonalds Corp |
1.11%
14,213
|
$4,214,297,000 | 0.58% |
| Abbvie Inc |
14.18%
23,435
|
$3,631,722,000 | 0.50% |
| Abbott Labs |
11.16%
31,408
|
$3,457,045,000 | 0.48% |
| Eli Lilly Co |
3.30%
5,765
|
$3,360,534,000 | 0.46% |
| Vanguard Tax-managed Fds |
82.62%
69,646
|
$3,336,043,000 | 0.46% |
| Kenvue Inc |
Opened
149,266
|
$3,213,697,000 | 0.44% |
| Atlanta Braves Holdings Inc |
Opened
79,754
|
$3,156,663,000 | 0.44% |
| Philip Morris International Inc |
8.82%
33,049
|
$3,109,250,000 | 0.43% |
| Scotts Miracle-Gro Company |
2.10%
48,032
|
$3,062,040,000 | 0.42% |
| General Electric Co. |
31.04%
23,873
|
$3,046,911,000 | 0.42% |
| Pfizer Inc. |
7.72%
104,582
|
$3,010,916,000 | 0.42% |
| Teleflex Incorporated |
0.97%
11,983
|
$2,987,841,000 | 0.41% |
| International Business Machs |
27.56%
13,842
|
$2,263,859,000 | 0.31% |
| Colgate-Palmolive Co. |
4.77%
27,486
|
$2,190,909,000 | 0.30% |
| Altria Group Inc. |
3.62%
53,295
|
$2,149,920,000 | 0.30% |
| Zoetis Inc |
6.62%
10,100
|
$1,993,437,000 | 0.28% |
| Chevron Corp. |
25.29%
12,871
|
$1,919,838,000 | 0.27% |
| NVIDIA Corp |
19.98%
3,345
|
$1,656,511,000 | 0.23% |
| Walgreens Boots Alliance Inc |
7.94%
58,785
|
$1,534,876,000 | 0.21% |
| Us Bancorp Del |
2.89%
34,858
|
$1,508,654,000 | 0.21% |
| Argan, Inc. |
32.85%
30,657
|
$1,434,441,000 | 0.20% |
| Turning Pt Brands Inc |
3.72%
51,770
|
$1,362,586,000 | 0.19% |
| Clarus Corp |
99.51%
185,164
|
$1,276,706,000 | 0.18% |
| Jewett-Cameron Trading Company Ltd. |
0.46%
217,053
|
$1,178,598,000 | 0.16% |
| Spdr Sp 500 Etf Tr |
4.40%
2,372
|
$1,127,435,000 | 0.16% |
| Automatic Data Processing In |
No change
4,700
|
$1,094,959,000 | 0.15% |
| Richardson Electrs Ltd |
Opened
80,489
|
$1,074,528,000 | 0.15% |
| Intuit Inc |
No change
1,675
|
$1,046,925,000 | 0.14% |
| Research Solutions, Inc. |
No change
366,284
|
$952,338,000 | 0.13% |
| 3M Co. |
6.71%
8,338
|
$911,510,000 | 0.13% |
| Costco Whsl Corp New |
7.51%
1,288
|
$850,183,000 | 0.12% |
| Boston Scientific Corp. |
No change
13,133
|
$759,219,000 | 0.10% |
| Yum Brands Inc. |
No change
5,604
|
$732,219,000 | 0.10% |
| Superior Group Of Co Inc |
0.97%
52,791
|
$712,678,000 | 0.10% |
| Lowes Cos Inc |
8.15%
3,146
|
$700,142,000 | 0.10% |
| Motorola Solutions Inc |
3.27%
2,213
|
$692,868,000 | 0.10% |
| American Outdoor Brands, Inc. |
26.09%
73,907
|
$620,819,000 | 0.09% |
| Whole Earth Brands, Inc. |
19.69%
170,229
|
$580,481,000 | 0.08% |
| DuPont de Nemours Inc |
1.05%
7,150
|
$550,049,000 | 0.08% |
| Oracle Corp. |
No change
4,903
|
$516,923,000 | 0.07% |
| Att Inc |
10.95%
29,534
|
$495,572,000 | 0.07% |
| Hershey Company |
No change
2,600
|
$484,744,000 | 0.07% |
| Waste Mgmt Inc Del |
0.19%
2,595
|
$464,764,000 | 0.06% |
| Mastercard Incorporated |
9.10%
947
|
$403,905,000 | 0.06% |
| Select Sector Spdr Tr |
No change
2,000
|
$384,960,000 | 0.05% |
| United-Guardian, Inc. |
25.63%
53,009
|
$381,665,000 | 0.05% |
| Dow Inc |
5.78%
6,539
|
$358,599,000 | 0.05% |
| Comcast Corp New |
4.61%
7,898
|
$346,327,000 | 0.05% |
| Truist Finl Corp |
0.83%
9,188
|
$339,221,000 | 0.05% |
| AMGEN Inc. |
No change
1,177
|
$339,000,000 | 0.05% |
| Cincinnati Finl Corp |
7.21%
3,000
|
$310,380,000 | 0.04% |
| Ge Healthcare Technologies I |
Opened
4,007
|
$309,821,000 | 0.04% |
| Ishares Tr |
Opened
1,094
|
$299,472,000 | 0.04% |
| Eaton Corp Plc |
Opened
1,200
|
$288,984,000 | 0.04% |
| Tractor Supply Co. |
No change
1,325
|
$284,915,000 | 0.04% |
| Honeywell International Inc |
13.11%
1,251
|
$262,347,000 | 0.04% |
| Jabil Inc |
Opened
2,000
|
$254,800,000 | 0.04% |
| Grainger W W Inc |
Opened
300
|
$248,607,000 | 0.03% |
| Amazon.com Inc. |
1,089.63%
1,606
|
$244,016,000 | 0.03% |
| Coherent Corp |
Opened
5,550
|
$241,591,000 | 0.03% |
| Ecolab, Inc. |
1.42%
1,184
|
$234,846,000 | 0.03% |
| Chubb Limited |
12.52%
1,027
|
$232,102,000 | 0.03% |
| Yum China Holdings Inc |
No change
5,404
|
$229,292,000 | 0.03% |
| Visa Inc |
Opened
847
|
$220,516,000 | 0.03% |
| Conocophillips |
Opened
1,896
|
$220,069,000 | 0.03% |
| Bristol-Myers Squibb Co. |
62.41%
4,023
|
$206,420,000 | 0.03% |
| Atlanta Braves Holdings Inc |
Closed
74,000
|
$1,955,000 | |
| The Shyft Group, Inc. |
Closed
51,253
|
$1,948,000 | |
| Kraft Heinz Co |
Closed
12,808
|
$472,000 | |
| PayPal Holdings Inc |
Closed
1,682
|
$438,000 | |
| Coherent Corp |
Closed
5,550
|
$329,000 | |
| Verizon Communications Inc |
Closed
5,247
|
$283,000 | |
| Salesforce Inc |
Closed
1,000
|
$271,000 | |
| Dell Technologies Inc |
Closed
2,500
|
$260,000 | |
| Diageo plc |
Closed
1,300
|
$251,000 | |
| Organon Co |
Closed
7,417
|
$243,000 | |
| Edwards Lifesciences Corp |
Closed
2,112
|
$239,000 | |
| Vanguard Index Fds |
Closed
2,019
|
$459,000 | |
| Intel Corp. |
Closed
4,076
|
$217,000 | |
| Ishares Tr |
Closed
2,669
|
$208,000 | |
| Kimberly-Clark Corp. |
Closed
1,535
|
$203,000 | |
| No transactions found | |||
| Showing first 500 out of 118 holdings | |||
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