Lakeridge Wealth Management 13F annual report
Lakeridge Wealth Management is an investment fund managing more than $166 billion ran by Brian Distler. There are currently 99 companies in Mr. Distler’s portfolio. The largest investments include Fidelity Covington Trust and Sherwin-Williams Co, together worth $23.4 billion.
$166 billion Assets Under Management (AUM)
As of 25th July 2024, Lakeridge Wealth Management’s top holding is 267,747 shares of Fidelity Covington Trust currently worth over $12.5 billion and making up 7.5% of the portfolio value.
Relative to the number of outstanding shares of Fidelity Covington Trust, Lakeridge Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 36,490 shares of Sherwin-Williams Co worth $10.9 billion, whose value grew 13.5% in the past six months.
The third-largest holding is Ishares Tr worth $34 billion and the next is First Tr Mid Cap Core Alphad worth $7.14 billion, with 65,746 shares owned.
Currently, Lakeridge Wealth Management's portfolio is worth at least $166 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 Lakeridge Wealth Management
The Lakeridge Wealth Management office and employees reside in Mentor, Ohio. According to the last 13-F report filed with the SEC, Brian Distler serves as the Chief Compliance Officer at Lakeridge Wealth Management.
Recent trades
In the most recent 13F filing, Lakeridge Wealth Management revealed that it had opened a new position in
First Tr Exch Traded Fd Iii and bought 72,049 shares worth $1.32 billion.
The investment fund also strengthened its position in Fidelity Covington Trust by buying
12,673 additional shares.
This makes their stake in Fidelity Covington Trust total 267,747 shares worth $12.5 billion.
Fidelity Covington Trust soared 3.9% in the past year.
On the other hand, there are companies that Lakeridge Wealth Management is getting rid of from its portfolio.
Lakeridge Wealth Management closed its position in Unitedhealth Inc on 1st August 2024.
It sold the previously owned 489 shares for $242 million.
Brian Distler also disclosed a decreased stake in Sherwin-Williams Co by approximately 0.1%.
This leaves the value of the investment at $10.9 billion and 36,490 shares.
One of the smallest hedge funds
The two most similar investment funds to Lakeridge Wealth Management are Highmark Wealth Management and Onyxpoint Global Management L.P.. They manage $166 billion and $166 billion respectively.
Brian Distler investment strategy
Lakeridge Wealth Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Miscellaneous — making up 11.6% of
the total portfolio value.
The fund focuses on investments in the United States as
42.4% 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
40% of the total holdings value.
On the other hand, small-cap stocks make up only 3.0% of the portfolio.
The average market cap of the portfolio companies is close to $253 billion.
The complete list of Lakeridge Wealth Management trades based on 13F SEC filings
These positions were updated on August 1st 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 |
|---|---|---|---|
| Fidelity Covington Trust |
4.97%
267,747
|
$12,525,206,000 | 7.55% |
| Sherwin-Williams Co. |
3.38%
36,490
|
$10,889,750,000 | 6.56% |
| Ishares Tr |
7.38%
396,766
|
$34,002,298,000 | 20.49% |
| First Tr Mid Cap Core Alphad |
2.97%
65,746
|
$7,135,166,000 | 4.30% |
| Apple Inc |
0.08%
29,530
|
$6,219,671,000 | 3.75% |
| NVIDIA Corp |
907.27%
48,923
|
$6,044,006,000 | 3.64% |
| Microsoft Corporation |
1.10%
13,240
|
$5,917,492,000 | 3.57% |
| American Centy Etf Tr |
18.28%
91,530
|
$7,127,712,000 | 4.29% |
| J P Morgan Exchange Traded F |
4.68%
69,432
|
$3,932,891,000 | 2.37% |
| Dimensional Etf Trust |
1.10%
322,731
|
$11,143,561,000 | 6.71% |
| International Business Machs |
4.53%
14,477
|
$2,503,843,000 | 1.51% |
| Amazon.com Inc. |
3.13%
11,350
|
$2,193,345,000 | 1.32% |
| Spdr Sp 500 Etf Tr |
129.77%
3,635
|
$1,978,131,000 | 1.19% |
| Jpmorgan Chase Co. |
1.74%
9,669
|
$1,955,589,000 | 1.18% |
| Exxon Mobil Corp. |
0.19%
15,856
|
$1,825,315,000 | 1.10% |
| Procter And Gamble Co |
0.80%
10,857
|
$1,790,535,000 | 1.08% |
| Eli Lilly Co |
5.16%
1,654
|
$1,497,256,000 | 0.90% |
| Innovator ETFs Trust |
3.82%
176,583
|
$6,501,483,000 | 3.92% |
| First Tr Exch Traded Fd Iii |
Opened
72,049
|
$1,323,540,000 | 0.80% |
| Berkshire Hathaway Inc. |
5.14%
3,122
|
$1,270,156,000 | 0.77% |
| Johnson Johnson |
5.28%
7,400
|
$1,081,537,000 | 0.65% |
| First Tr Sml Cp Core Alpha F |
3.04%
10,624
|
$961,024,000 | 0.58% |
| Pepsico Inc |
1.95%
5,483
|
$904,323,000 | 0.54% |
| Tesla Inc |
1.08%
4,199
|
$830,927,000 | 0.50% |
| Chevron Corp. |
3.68%
5,150
|
$805,543,000 | 0.49% |
| Vanguard Index Fds |
13.56%
4,011
|
$1,437,101,000 | 0.87% |
| Phillips Edison Co Inc |
0.82%
23,673
|
$774,338,000 | 0.47% |
| First Tr Exchng Traded Fd Vi |
0.54%
74,068
|
$2,681,377,000 | 1.62% |
| Union Pac Corp |
0.10%
2,999
|
$678,525,000 | 0.41% |
| Alphabet Inc |
0.29%
5,543
|
$1,014,201,000 | 0.61% |
| Merck Co Inc |
0.82%
5,430
|
$672,198,000 | 0.40% |
| Ishares Tr |
Opened
25,443
|
$1,678,562,000 | 1.01% |
| Mcdonalds Corp |
8.05%
2,501
|
$637,435,000 | 0.38% |
| Invesco Exch Traded Fd Tr Ii |
65.34%
9,760
|
$633,905,000 | 0.38% |
| Vanguard Specialized Funds |
7.76%
3,428
|
$625,807,000 | 0.38% |
| Costco Whsl Corp New |
0.56%
717
|
$609,337,000 | 0.37% |
| Steris Plc |
0.19%
2,699
|
$592,610,000 | 0.36% |
| Progressive Corp. |
42.46%
2,798
|
$581,182,000 | 0.35% |
| Caterpillar Inc. |
0.93%
1,729
|
$575,872,000 | 0.35% |
| Walmart Inc |
7.67%
8,085
|
$547,411,000 | 0.33% |
| Abbvie Inc |
0.54%
3,129
|
$536,675,000 | 0.32% |
| Schwab Strategic Tr |
6.50%
23,196
|
$1,578,739,000 | 0.95% |
| Vanguard Intl Equity Index F |
3.34%
12,167
|
$532,421,000 | 0.32% |
| Att Inc |
1.78%
27,158
|
$518,985,000 | 0.31% |
| Home Depot, Inc. |
6.75%
1,502
|
$517,166,000 | 0.31% |
| J P Morgan Exchange Traded F |
Opened
8,662
|
$507,273,000 | 0.31% |
| Select Sector Spdr Tr |
12.70%
4,489
|
$697,201,000 | 0.42% |
| Shopify Inc |
2.82%
6,559
|
$433,229,000 | 0.26% |
| Invesco Exchange Traded Fd T |
Opened
2,633
|
$432,470,000 | 0.26% |
| Avery Dennison Corp. |
0.38%
1,827
|
$399,564,000 | 0.24% |
| Elevance Health Inc |
No change
717
|
$388,395,000 | 0.23% |
| Intel Corp. |
6.29%
12,179
|
$377,191,000 | 0.23% |
| Lincoln Elec Hldgs Inc |
75.95%
1,997
|
$376,702,000 | 0.23% |
| Visa Inc |
5.80%
1,428
|
$374,807,000 | 0.23% |
| Cheniere Energy Inc. |
5.15%
2,142
|
$374,573,000 | 0.23% |
| Vanguard Tax-managed Fds |
60.20%
7,510
|
$371,140,000 | 0.22% |
| Pnc Finl Svcs Group Inc |
3.61%
2,383
|
$370,525,000 | 0.22% |
| Lockheed Martin Corp. |
0.38%
790
|
$369,229,000 | 0.22% |
| Coca-Cola Co |
15.19%
5,747
|
$365,797,000 | 0.22% |
| Bank America Corp |
0.05%
9,107
|
$362,204,000 | 0.22% |
| Wells Fargo Co New |
Opened
6,079
|
$361,056,000 | 0.22% |
| Curtiss-Wright Corp. |
No change
1,257
|
$340,641,000 | 0.21% |
| Verizon Communications Inc |
1.61%
8,073
|
$332,914,000 | 0.20% |
| Philip Morris International Inc |
13.74%
3,229
|
$327,171,000 | 0.20% |
| Starbucks Corp. |
4.23%
4,189
|
$326,076,000 | 0.20% |
| Ishares Gold Tr |
No change
7,372
|
$323,852,000 | 0.20% |
| Renaissance Cap Greenwich Fd |
9.66%
7,950
|
$320,465,000 | 0.19% |
| GE Aerospace |
0.05%
1,966
|
$312,491,000 | 0.19% |
| Vanguard Bd Index Fds |
Opened
4,211
|
$303,403,000 | 0.18% |
| Vanguard Mun Bd Fds |
4.38%
6,046
|
$302,980,000 | 0.18% |
| Xcel Energy Inc. |
4.77%
5,515
|
$294,546,000 | 0.18% |
| Qualcomm, Inc. |
4.76%
1,454
|
$289,519,000 | 0.17% |
| Dover Corp. |
No change
1,575
|
$284,287,000 | 0.17% |
| Eaton Corp Plc |
1.35%
904
|
$283,584,000 | 0.17% |
| Invesco Exchange Traded Fd T |
No change
4,456
|
$283,134,000 | 0.17% |
| Meta Platforms Inc |
0.18%
556
|
$280,182,000 | 0.17% |
| Vanguard World Fd |
No change
470
|
$271,130,000 | 0.16% |
| Abbott Labs |
1.49%
2,574
|
$267,449,000 | 0.16% |
| Cabot Corp. |
No change
2,835
|
$260,508,000 | 0.16% |
| Sempra |
0.15%
3,275
|
$249,097,000 | 0.15% |
| Invesco Exch Trd Slf Idx Fd |
Opened
12,589
|
$241,963,000 | 0.15% |
| Unitedhealth Group Inc |
Closed
489
|
$241,908,000 | |
| Tcw Etf Trust |
Opened
8,434
|
$235,646,000 | 0.14% |
| Select Sector Spdr Tr |
Opened
5,725
|
$235,362,000 | 0.14% |
| Teledyne Technologies Inc |
No change
600
|
$232,788,000 | 0.14% |
| Altria Group Inc. |
8.40%
5,108
|
$232,672,000 | 0.14% |
| Honeywell International Inc |
0.75%
1,078
|
$230,148,000 | 0.14% |
| Target Corp |
0.39%
1,552
|
$229,757,000 | 0.14% |
| Boeing Co. |
9.23%
1,255
|
$228,423,000 | 0.14% |
| Frontier Communications Pare |
No change
8,500
|
$222,530,000 | 0.13% |
| VanEck ETF Trust |
No change
2,296
|
$220,967,000 | 0.13% |
| Cisco Sys Inc |
17.95%
4,643
|
$220,594,000 | 0.13% |
| Mondelez International Inc. |
5.36%
3,301
|
$215,990,000 | 0.13% |
| AMGEN Inc. |
4.36%
680
|
$212,484,000 | 0.13% |
| Fs Credit Opportunities Corp |
2.43%
33,293
|
$212,075,000 | 0.13% |
| CSX Corp. |
0.34%
6,175
|
$206,563,000 | 0.12% |
| Novo-nordisk A S |
17.36%
1,442
|
$205,768,000 | 0.12% |
| Northrop Grumman Corp. |
Closed
429
|
$205,345,000 | |
| Enlink Midstream LLC |
No change
14,880
|
$204,749,000 | 0.12% |
| Dimensional Etf Trust |
Closed
8,209
|
$202,927,000 | |
| BlackRock TCP Capital Corp |
No change
13,024
|
$140,659,000 | 0.08% |
| Rocket Lab Usa Inc |
Opened
10,000
|
$48,000,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 102 holdings | |||
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