Absolute Capital Management 13F annual report
Absolute Capital Management is an investment fund managing more than $157 billion ran by Brenden Gebben. There are currently 57 companies in Mr. Gebben’s portfolio. The largest investments include VanEck ETF Trust and Vanguard Index Fds, together worth $19.6 billion.
$157 billion Assets Under Management (AUM)
As of 2nd August 2024, Absolute Capital Management’s top holding is 39,498 shares of VanEck ETF Trust currently worth over $10.3 billion and making up 6.6% of the portfolio value.
Relative to the number of outstanding shares of VanEck ETF Trust, Absolute Capital Management owns less than approximately 0.1% of the company.
In addition, the fund holds 34,101 shares of Vanguard Index Fds worth $9.28 billion.
The third-largest holding is Invesco Exchange Traded Fd T worth $5.87 billion and the next is Ishares Tr worth $37.6 billion, with 436,895 shares owned.
Currently, Absolute Capital Management's portfolio is worth at least $157 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 Absolute Capital Management
The Absolute Capital Management office and employees reside in Pittsburgh, Pennsylvania. According to the last 13-F report filed with the SEC, Brenden Gebben serves as the Managing Director & CEO at Absolute Capital Management.
Recent trades
In the most recent 13F filing, Absolute Capital Management revealed that it had opened a new position in
Invesco Exchange Traded Fd T and bought 35,749 shares worth $5.87 billion.
The investment fund also strengthened its position in Vanguard Index Fds by buying
4,496 additional shares.
This makes their stake in Vanguard Index Fds total 34,101 shares worth $9.28 billion.
On the other hand, there are companies that Absolute Capital Management is getting rid of from its portfolio.
Absolute Capital Management closed its position in Invesco Exch Traded Fd Tr Ii on 9th August 2024.
It sold the previously owned 142,865 shares for $6.34 billion.
Brenden Gebben also disclosed a decreased stake in VanEck ETF Trust by 0.1%.
This leaves the value of the investment at $10.3 billion and 39,498 shares.
One of the smallest hedge funds
The two most similar investment funds to Absolute Capital Management are Von Berge Wealth Management and Olistico Wealth. They manage $157 billion and $157 billion respectively.
Brenden Gebben investment strategy
Absolute Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Miscellaneous — making up 10.0% of
the total portfolio value.
The fund focuses on investments in the United States as
24.6% 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
25% of the total holdings value.
On the other hand, small-cap stocks make up only 5.3% of the portfolio.
The average market cap of the portfolio companies is close to $495 billion.
The complete list of Absolute Capital Management trades based on 13F SEC filings
These positions were updated on August 9th 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 |
|---|---|---|---|
| VanEck ETF Trust |
10.46%
39,498
|
$10,297,129,000 | 6.57% |
| Invesco Exch Traded Fd Tr Ii |
Closed
142,865
|
$6,343,209,000 | |
| Vanguard Index Fds |
15.19%
34,101
|
$9,276,171,000 | 5.92% |
| Invesco Exchange Traded Fd T |
Opened
35,749
|
$5,872,846,000 | 3.75% |
| Ishares Tr |
10.90%
436,895
|
$37,643,112,000 | 24.02% |
| Vanguard World Fd |
11.54%
61,183
|
$14,012,623,000 | 8.94% |
| Select Sector Spdr Tr |
9.24%
55,994
|
$8,234,598,000 | 5.25% |
| Spdr S&p 500 Etf Tr |
3.48%
9,788
|
$5,328,597,000 | 3.40% |
| Invesco Exch Traded Fd Tr Ii |
53.65%
48,976
|
$4,536,157,000 | 2.89% |
| Spdr Dow Jones Indl Average |
No change
11,400
|
$4,458,882,000 | 2.85% |
| Fidelity Covington Trust |
44.24%
87,121
|
$4,876,759,000 | 3.11% |
| Spdr Ser Tr |
2.80%
121,751
|
$8,209,651,000 | 5.24% |
| Berkshire Hathaway Inc. |
No change
1,457
|
$3,651,879,000 | 2.33% |
| Proshares Tr |
100.00%
38,800
|
$2,302,392,000 | 1.47% |
| Vanguard Scottsdale Fds |
5.30%
34,496
|
$2,415,580,000 | 1.54% |
| Ishares Inc |
Opened
36,700
|
$2,099,607,000 | 1.34% |
| Capital Group Dividend Value |
Opened
53,375
|
$1,761,375,000 | 1.12% |
| Unitedhealth Group Inc |
1.74%
2,861
|
$1,456,993,000 | 0.93% |
| Vanguard Wellington Fd |
53.08%
11,100
|
$1,358,703,000 | 0.87% |
| Alphabet Inc |
346.55%
7,243
|
$1,319,323,000 | 0.84% |
| Mcdonalds Corp |
Closed
4,646
|
$1,309,940,000 | |
| Vanguard Tax-managed Fds |
24.02%
25,777
|
$1,273,929,000 | 0.81% |
| Arista Networks Inc |
Closed
4,355
|
$1,262,863,000 | |
| Microsoft Corporation |
164.63%
2,821
|
$1,260,884,000 | 0.80% |
| Blackrock Etf Trust |
5.53%
25,541
|
$1,198,922,000 | 0.77% |
| Dimensional Etf Trust |
4.15%
29,077
|
$1,141,854,000 | 0.73% |
| Paccar Inc. |
Closed
9,100
|
$1,127,399,000 | |
| Goldman Sachs Group, Inc. |
Opened
2,401
|
$1,086,020,000 | 0.69% |
| Invesco Exch Trd Slf Idx Fd |
24.65%
43,479
|
$1,002,843,000 | 0.64% |
| Ishares Tr |
Opened
33,165
|
$2,197,057,000 | 1.40% |
| Netflix Inc. |
58.94%
1,440
|
$971,827,000 | 0.62% |
| Vanguard Intl Equity Index F |
Closed
14,201
|
$956,299,000 | |
| Chipotle Mexican Grill |
4,900.00%
15,000
|
$939,750,000 | 0.60% |
| Costco Whsl Corp New |
76.21%
1,096
|
$931,589,000 | 0.59% |
| Vanguard Charlotte Fds |
29.93%
18,463
|
$898,603,000 | 0.57% |
| Walmart Inc |
94.35%
11,945
|
$808,796,000 | 0.52% |
| Visa Inc |
106.01%
2,983
|
$782,951,000 | 0.50% |
| Vanguard Star Fds |
4.66%
12,548
|
$756,647,000 | 0.48% |
| NVIDIA Corp |
1,028.84%
5,949
|
$734,968,000 | 0.47% |
| Ishares Tr |
Closed
39,886
|
$961,096,000 | |
| Palantir Technologies Inc. |
144.14%
27,100
|
$686,443,000 | 0.44% |
| Quanta Svcs Inc |
Opened
2,659
|
$675,625,000 | 0.43% |
| Vanguard Bd Index Fds |
14.35%
22,441
|
$1,668,792,000 | 1.06% |
| Flexshares Tr |
74.34%
40,770
|
$1,211,309,000 | 0.77% |
| Mastercard Incorporated |
Closed
1,164
|
$560,548,000 | |
| Ishares Inc |
46.13%
16,874
|
$941,897,000 | 0.60% |
| Apple Inc |
24.19%
2,459
|
$517,938,000 | 0.33% |
| Uber Technologies Inc |
Closed
6,687
|
$514,832,000 | |
| Vanguard Intl Equity Index F |
25.13%
11,100
|
$485,737,000 | 0.31% |
| Fidelity Covington Trust |
Opened
10,000
|
$467,800,000 | 0.30% |
| Tjx Cos Inc New |
Closed
4,573
|
$463,795,000 | |
| Spdr Index Shs Fds |
11.04%
20,242
|
$731,089,000 | 0.47% |
| Wisdomtree Tr |
3.61%
5,786
|
$420,932,000 | 0.27% |
| Invesco Exchange Traded Fd T |
15.15%
4,105
|
$398,308,000 | 0.25% |
| Ssga Active Tr |
13.83%
7,577
|
$385,628,000 | 0.25% |
| Chart Inds Inc |
Closed
2,200
|
$362,384,000 | |
| Amazon.com Inc. |
28.63%
1,752
|
$338,717,000 | 0.22% |
| Spdr Gold Tr |
40.10%
1,564
|
$336,276,000 | 0.21% |
| Campbell Soup Co. |
Closed
7,300
|
$324,485,000 | |
| Meta Platforms Inc |
25.69%
636
|
$320,732,000 | 0.20% |
| Schwab Strategic Tr |
6.14%
6,551
|
$319,492,000 | 0.20% |
| Spdr Ser Tr |
Opened
3,773
|
$302,387,000 | 0.19% |
| Vanguard Bd Index Fds |
Opened
4,030
|
$283,331,000 | 0.18% |
| Invesco Exchange Traded Fd T |
Closed
3,500
|
$262,010,000 | |
| Eli Lilly & Co |
Opened
281
|
$254,412,000 | 0.16% |
| Pacer Fds Tr |
5.05%
5,710
|
$248,728,000 | 0.16% |
| VanEck ETF Trust |
Closed
9,539
|
$233,806,000 | |
| Blackrock Etf Trust Ii |
0.10%
4,206
|
$219,604,000 | 0.14% |
| Invesco Exch Traded Fd Tr Ii |
Opened
2,323
|
$203,177,000 | 0.13% |
| Flexshares Tr |
Opened
8,572
|
$202,230,000 | 0.13% |
| No transactions found | |||
| Showing first 500 out of 70 holdings | |||
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