Act Two Investors 13F annual report

Act Two Investors is an investment fund managing more than $505 billion ran by Jeffrey Scharf. There are currently 46 companies in Mr. Scharf’s portfolio. The largest investments include Microsoft and Alphabet Inc, together worth $129 billion.

Limited to 30 biggest holdings

$505 billion Assets Under Management (AUM)

As of 5th August 2024, Act Two Investors’s top holding is 151,788 shares of Microsoft currently worth over $67.8 billion and making up 13.4% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Act Two Investors owns more than approximately 0.1% of the company. In addition, the fund holds 331,694 shares of Alphabet Inc worth $60.8 billion, whose value grew 11.2% in the past six months. The third-largest holding is Amazon.com worth $38.4 billion and the next is Nxp Semiconductors N V worth $38.4 billion, with 142,590 shares owned.

Currently, Act Two Investors's portfolio is worth at least $505 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 Act Two Investors

The Act Two Investors office and employees reside in Santa Cruz, California. According to the last 13-F report filed with the SEC, Jeffrey Scharf serves as the Manager at Act Two Investors.

Recent trades

In the most recent 13F filing, Act Two Investors revealed that it had opened a new position in Schwab Strategic Tr and bought 165,076 shares worth $8.05 billion.

The investment fund also strengthened its position in Microsoft by buying 378 additional shares. This makes their stake in Microsoft total 151,788 shares worth $67.8 billion. Microsoft dropped approximately 0.1% in the past year.

On the other hand, there are companies that Act Two Investors is getting rid of from its portfolio. Act Two Investors closed its position in Schwab Strategic Tr on 12th August 2024. It sold the previously owned 122,781 shares for $5.92 billion. Jeffrey Scharf also disclosed a decreased stake in Nxp Semiconductors N V by approximately 0.1%. This leaves the value of the investment at $38.4 billion and 142,590 shares.

One of the average hedge funds

The two most similar investment funds to Act Two Investors are 49 Wealth Management and Deltec Asset Management. They manage $505 billion and $506 billion respectively.

Jeffrey Scharf investment strategy

Act Two Investors’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Technology — making up 26.2% of the total portfolio value. The fund focuses on investments in the United States as 56.5% 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 54% of the total holdings value. On the other hand, small-cap stocks make up only 4.3% of the portfolio. The average market cap of the portfolio companies is close to $320 billion.

The complete list of Act Two Investors trades based on 13F SEC filings

These positions were updated on August 12th 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	0.25% 151,788	$67,841,459,000	13.43%
Alphabet Inc	1.22% 331,694	$60,813,013,000	12.04%
Amazon.com Inc.	1.91% 198,925	$38,442,256,000	7.61%
Nxp Semiconductors N V	3.46% 142,590	$38,369,543,000	7.60%
T-Mobile US, Inc.	2.60% 215,619	$37,987,755,000	7.52%
Unitedhealth Group Inc	7.21% 65,698	$33,457,294,000	6.62%
Visa Inc	3.29% 103,292	$27,111,135,000	5.37%
Astrazeneca plc	5.44% 319,957	$24,953,446,000	4.94%
Northrop Grumman Corp.	3.22% 53,319	$23,244,418,000	4.60%
Apple Inc	0.76% 94,274	$19,855,974,000	3.93%
Genuine Parts Co.	18.61% 141,985	$19,639,365,000	3.89%
Ishares Tr	11.94% 184,380	$17,267,187,000	3.42%
Vanguard Bd Index Fds	7.33% 227,410	$16,384,891,000	3.24%
Vanguard Scottsdale Fds	64.80% 142,562	$8,222,976,000	1.63%
Schwab Strategic Tr	Opened 165,076	$8,050,757,000	1.59%
Blackstone Inc	No change 51,196	$6,338,065,000	1.25%
Schwab Strategic Tr	Closed 122,781	$5,919,288,000
Stryker Corp.	3.39% 17,003	$5,785,384,000	1.15%
JPMorgan Chase & Co.	No change 28,332	$5,730,430,000	1.13%
Mckesson Corporation	11.69% 9,017	$5,266,289,000	1.04%
Ge Healthcare Technologies I	904.32% 50,226	$3,913,610,000	0.77%
Canadian Natl Ry Co	No change 33,020	$3,900,653,000	0.77%
Enbridge Inc	54.09% 105,589	$3,757,913,000	0.74%
Thermo Fisher Scientific Inc.	No change 6,710	$3,710,630,000	0.73%
Schwab Charles Corp	82.32% 46,958	$3,460,335,000	0.68%
Canadian Pacific Kansas City	No change 39,837	$3,136,367,000	0.62%
Sysco Corp.	Opened 36,927	$2,636,219,000	0.52%
Berkshire Hathaway Inc.	27.41% 4,815	$1,958,742,000	0.39%
Meta Platforms Inc	No change 3,640	$1,835,361,000	0.36%
Mcdonalds Corp	No change 6,720	$1,712,525,000	0.34%
Oracle Corp.	40.36% 8,764	$1,237,477,000	0.24%
SLM Corp.	No change 58,014	$1,206,111,000	0.24%
Starbucks Corp.	Closed 12,155	$1,110,845,000
Prudential Finl Inc	No change 8,269	$969,044,000	0.19%
Booking Holdings Inc	25.17% 189	$748,724,000	0.15%
Select Sector Spdr Tr	31.79% 21,634	$1,496,042,000	0.30%
Aon plc.	9.95% 2,121	$622,683,000	0.12%
Taiwan Semiconductor Mfg Ltd	No change 3,180	$552,716,000	0.11%
Johnson & Johnson	9.41% 3,176	$464,204,000	0.09%
Motorola Solutions Inc	No change 1,090	$420,795,000	0.08%
NVIDIA Corp	900.00% 3,310	$408,917,000	0.08%
East West Bancorp, Inc.	No change 5,270	$385,922,000	0.08%
American Express Co.	No change 1,645	$380,900,000	0.08%
Vanguard Index Fds	Opened 1,318	$352,556,000	0.07%
Dollar Gen Corp New	No change 2,483	$328,327,000	0.06%
Markel Group Inc	Opened 182	$286,770,000	0.06%
Willis Towers Watson Plc Ltd	No change 1,029	$269,742,000	0.05%
Fiserv, Inc.	Opened 1,795	$267,527,000	0.05%
Select Sector Spdr Tr	Closed 4,597	$498,235,000
No transactions found
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