Prairiewood Capital 13F annual report

Prairiewood Capital is an investment fund managing more than $211 billion ran by Steven Nelson. There are currently 63 companies in Mr. Nelson’s portfolio. The largest investments include Schwab Strategic Tr and Spdr Index Shs Fds, together worth $118 billion.

$211 billion Assets Under Management (AUM)

As of 11th July 2024, Prairiewood Capital’s top holding is 2,259,107 shares of Schwab Strategic Tr currently worth over $108 billion and making up 51.2% of the portfolio value. In addition, the fund holds 174,596 shares of Spdr Index Shs Fds worth $9.75 billion. The third-largest holding is American Centy Etf Tr worth $8.27 billion and the next is Invesco Exch Traded Fd Tr Ii worth $9.43 billion, with 652,494 shares owned.

Currently, Prairiewood Capital's portfolio is worth at least $211 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 Prairiewood Capital

The Prairiewood Capital office and employees reside in West Fargo, North Dakota. According to the last 13-F report filed with the SEC, Steven Nelson serves as the President at Prairiewood Capital.

Recent trades

In the most recent 13F filing, Prairiewood Capital revealed that it had opened a new position in Target Corp and bought 6,000 shares worth $888 million. This means they effectively own approximately 0.1% of the company. Target Corp makes up 61.7% of the fund's Consumer Staples sector allocation and has grown its share price by 19.2% in the past year.

The investment fund also strengthened its position in Schwab Strategic Tr by buying 23,707 additional shares. This makes their stake in Schwab Strategic Tr total 2,259,107 shares worth $108 billion.

On the other hand, there are companies that Prairiewood Capital is getting rid of from its portfolio. Prairiewood Capital closed its position in Dicks Sporting Goods on 18th July 2024. It sold the previously owned 4,225 shares for $950 million. Steven Nelson also disclosed a decreased stake in Spdr Index Shs Fds by approximately 0.1%. This leaves the value of the investment at $9.75 billion and 174,596 shares.

One of the smallest hedge funds

The two most similar investment funds to Prairiewood Capital are Ledge Wealth Management and Beacon Bridge Wealth Partners. They manage $211 billion and $211 billion respectively.


Steven Nelson investment strategy

Prairiewood Capital’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Real Estate — making up 4.1% of the total portfolio value. The fund focuses on investments in the United States as 47.6% 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 29% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $202 billion.

The complete list of Prairiewood Capital trades based on 13F SEC filings

These positions were updated on July 18th 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
Schwab Strategic Tr
1.06%
2,259,107
$107,988,901,000 51.24%
Spdr Index Shs Fds
1.68%
174,596
$9,751,193,000 4.63%
American Centy Etf Tr
2.51%
200,676
$8,271,878,000 3.93%
Invesco Exch Traded Fd Tr Ii
2.15%
652,494
$9,427,017,000 4.47%
Global X Fds
2.17%
286,115
$5,630,748,000 2.67%
Vanguard Index Fds
3.36%
66,900
$5,603,542,000 2.66%
Broadstone Net Lease, Inc.
4.71%
327,182
$5,192,382,000 2.46%
Golub Cap Bdc Inc
4.31%
322,192
$5,061,643,000 2.40%
Wp Carey Inc
7.77%
63,754
$3,509,651,000 1.67%
Realty Income Corp.
13.45%
64,254
$3,393,912,000 1.61%
Berkshire Hathaway Inc.
No change
8,166
$3,321,929,000 1.58%
Ares Capital Corp
10.23%
152,098
$3,169,721,000 1.50%
Blue Owl Capital Corporation
10.02%
203,742
$3,129,483,000 1.49%
Microsoft Corporation
0.35%
4,554
$2,035,210,000 0.97%
Vanguard Intl Equity Index F
2.16%
46,171
$1,873,138,000 0.89%
Perdoceo Ed Corp
0.01%
84,951
$1,819,641,000 0.86%
HP Inc
0.65%
50,254
$1,759,910,000 0.84%
Bank America Corp
3.14%
43,650
$1,735,945,000 0.82%
Vanguard World Fd
No change
8,708
$1,677,422,000 0.80%
Select Sector Spdr Tr
1.60%
40,596
$1,668,885,000 0.79%
Invesco Exchange Traded Fd T
No change
19,102
$1,853,161,000 0.88%
Ishares Tr
3.63%
62,594
$3,258,272,000 1.55%
Alpha Metallurgical Resour I
0.10%
4,035
$1,131,905,000 0.54%
Williams-Sonoma, Inc.
0.97%
3,563
$1,006,084,000 0.48%
Dicks Sporting Goods, Inc.
Closed
4,225
$950,128,000
Target Corp
Opened
6,000
$888,240,000 0.42%
Vanguard Scottsdale Fds
2.73%
14,713
$853,207,000 0.40%
TriNet Group Inc
0.51%
8,117
$811,726,000 0.39%
Oracle Corp.
No change
5,745
$811,194,000 0.38%
Builders Firstsource Inc
No change
5,626
$778,695,000 0.37%
Boise Cascade Co
3.02%
6,421
$765,538,000 0.36%
Heidrick Struggles Intl In
0.46%
23,859
$753,455,000 0.36%
Spdr Ser Tr
10.21%
15,929
$751,690,000 0.36%
Abbott Labs
No change
7,052
$732,773,000 0.35%
MasterCraft Boat Holdings Inc
Closed
28,686
$680,432,000
Unitedhealth Group Inc
0.40%
1,266
$644,745,000 0.31%
Apple Inc
No change
3,050
$642,391,000 0.30%
Omnicom Group, Inc.
7.14%
6,727
$603,412,000 0.29%
Atkore Inc
No change
4,219
$569,270,000 0.27%
Medtronic Plc
No change
6,472
$509,411,000 0.24%
Deere Co
0.07%
1,358
$507,205,000 0.24%
Build A Bear Workshop Inc
No change
19,421
$490,769,000 0.23%
Vanguard Intl Equity Index F
Opened
4,139
$486,291,000 0.23%
Gilead Sciences, Inc.
16.67%
6,642
$455,688,000 0.22%
Cigna Group (The)
1.52%
1,292
$426,948,000 0.20%
Vanguard Star Fds
No change
6,412
$386,644,000 0.18%
Harmony Biosciences Hldgs In
No change
11,442
$345,205,000 0.16%
Southwestern Energy Company
Closed
43,529
$329,950,000
Korn Ferry
No change
4,833
$324,488,000 0.15%
Tesla Inc
3.24%
1,614
$319,378,000 0.15%
PBF Energy Inc
Closed
5,519
$317,729,000
Altria Group Inc.
No change
6,771
$308,419,000 0.15%
Best Buy Co. Inc.
3.89%
3,481
$293,413,000 0.14%
Medifast Inc
Closed
7,215
$276,488,000
Immersion Corp
No change
27,906
$262,595,000 0.12%
Wells Fargo Co New
Opened
4,400
$261,316,000 0.12%
Playtika Hldg Corp
No change
33,121
$260,662,000 0.12%
Ironwood Pharmaceuticals Inc
No change
39,306
$256,275,000 0.12%
Merck Co Inc
Opened
2,000
$247,600,000 0.12%
Jpmorgan Chase Co.
No change
1,207
$244,152,000 0.12%
Vector Group Ltd
No change
23,085
$244,008,000 0.12%
Everi Holdings Inc
No change
28,577
$240,047,000 0.11%
Bain Cap Specialty Fin Inc
No change
14,010
$228,503,000 0.11%
Elevance Health Inc
No change
415
$224,872,000 0.11%
Interpublic Group Cos Inc
Closed
6,874
$224,299,000
Cheniere Energy Inc.
Closed
1,355
$218,534,000
3M Co.
Opened
2,000
$204,380,000 0.10%
Invesco Exchange Traded Fd T
Closed
5,241
$201,621,000
Target Hospitality Corp.
No change
20,259
$176,456,000 0.08%
Garrett Motion Inc
No change
13,618
$116,979,000 0.06%
Sirius XM Holdings Inc
No change
12,196
$34,515,000 0.02%
No transactions found
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