Fusion Capital 13F annual report
Fusion Capital is an investment fund managing more than $219 billion ran by Jason Mengel. There are currently 72 companies in Mr. Mengel’s portfolio. The largest investments include Apple Inc and Vanguard Dividend Appreciation Etf, together worth $35.7 billion.
$219 billion Assets Under Management (AUM)
As of 30th July 2024, Fusion Capital’s top holding is 85,106 shares of Apple Inc currently worth over $17.9 billion and making up 8.2% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Fusion Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 97,517 shares of Vanguard Dividend Appreciation Etf worth $17.8 billion.
The third-largest holding is Ishares S&p 500 Index worth $12.5 billion and the next is Lam Research Corp Com worth $9.78 billion, with 9,182 shares owned.
Currently, Fusion Capital's portfolio is worth at least $219 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 Fusion Capital
The Fusion Capital office and employees reside in Mt. Pleasant, South Carolina. According to the last 13-F report filed with the SEC, Jason Mengel serves as the Managing Member at Fusion Capital.
Recent trades
In the most recent 13F filing, Fusion Capital revealed that it had opened a new position in
Alphabet Inc Cap Stk Cl C and bought 1,191 shares worth $219 million.
The investment fund also strengthened its position in Vanguard Russell 2000 Etf by buying
617 additional shares.
This makes their stake in Vanguard Russell 2000 Etf total 91,390 shares worth $7.49 billion.
On the other hand, there are companies that Fusion Capital is getting rid of from its portfolio.
Fusion Capital closed its position in Starbucks on 6th August 2024.
It sold the previously owned 2,319 shares for $212 million.
Jason Mengel also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $17.9 billion and 85,106 shares.
One of the smallest hedge funds
The two most similar investment funds to Fusion Capital are Kensington Investment Counsel and Cutler Capital Management. They manage $219 billion and $219 billion respectively.
Jason Mengel investment strategy
Fusion Capital’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 12.6% of
the total portfolio value.
The fund focuses on investments in the United States as
29.2% 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
28% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $363 billion.
The complete list of Fusion Capital trades based on 13F SEC filings
These positions were updated on August 6th 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 |
|---|---|---|---|
| Apple Inc |
4.44%
85,106
|
$17,925,083,000 | 8.19% |
| Vanguard Dividend Appreciation Etf |
1.09%
97,517
|
$17,801,701,000 | 8.13% |
| Ishares S&p 500 Index |
1.73%
22,911
|
$12,537,518,000 | 5.73% |
| Lam Research Corp Com |
5.49%
9,182
|
$9,777,630,000 | 4.47% |
| Vanguard Growth Etf |
0.14%
25,202
|
$9,425,873,000 | 4.31% |
| Microsoft Corporation |
1.88%
20,940
|
$9,359,332,000 | 4.27% |
| Jpmorgan Chase & Co. Com |
1.98%
40,134
|
$8,117,562,000 | 3.71% |
| Exxon Mobil Corp Com |
0.09%
68,007
|
$7,828,927,000 | 3.58% |
| Caterpillar Inc. |
3.58%
23,271
|
$7,751,418,000 | 3.54% |
| Vanguard Russell 2000 Etf |
0.68%
91,390
|
$7,491,245,000 | 3.42% |
| AMGEN Inc. |
1.51%
22,937
|
$7,166,800,000 | 3.27% |
| Bank America Corp Com |
1.09%
178,870
|
$7,113,645,000 | 3.25% |
| Home Depot, Inc. |
2.32%
19,308
|
$6,646,739,000 | 3.04% |
| Sanofi Sa |
2.11%
134,257
|
$6,514,150,000 | 2.98% |
| Valero Energy Corp Com |
2.12%
39,123
|
$6,132,885,000 | 2.80% |
| Bhp Group Ltd Sponsored Ads |
0.34%
105,406
|
$6,017,636,000 | 2.75% |
| First Tr Exchange Traded Fd Vi Dorsey Wright Focus 5 Etf |
0.72%
99,492
|
$5,697,542,000 | 2.60% |
| Cisco Sys Inc |
0.62%
111,900
|
$5,316,375,000 | 2.43% |
| Johnson & Johnson Com |
1.13%
36,078
|
$5,273,185,000 | 2.41% |
| Lyondellbasell |
0.42%
54,131
|
$5,178,127,000 | 2.37% |
| United Parcel Service, Inc. |
0.82%
37,058
|
$5,071,437,000 | 2.32% |
| Invesco S&p 500 High Dividend Low Volatility Etf |
2.50%
113,088
|
$5,024,498,000 | 2.29% |
| Vanguard Mid Cap Growth Etf |
1.06%
18,832
|
$4,323,071,000 | 1.97% |
| Amazon.com Inc. |
4.22%
15,759
|
$3,045,427,000 | 1.39% |
| Qualcomm, Inc. |
5.89%
14,776
|
$2,943,029,000 | 1.34% |
| NVIDIA Corp |
944.65%
15,628
|
$1,930,646,000 | 0.88% |
| Vaneck Ig Floating Rate Etf |
2.17%
73,312
|
$1,870,200,000 | 0.85% |
| Blackrock Ultra Short-term Bond Etf |
2.38%
31,704
|
$1,602,023,000 | 0.73% |
| Google Inc |
10.72%
8,334
|
$1,517,953,000 | 0.69% |
| Rtx Corporation Com |
0.60%
14,972
|
$1,502,995,000 | 0.69% |
| Eli Lilly & Co Com |
9.59%
1,404
|
$1,270,855,000 | 0.58% |
| Schwab Us Large Cap Growth Etf |
4.44%
12,104
|
$1,220,570,000 | 0.56% |
| Costco Wholesale Corp |
40.38%
1,218
|
$1,035,109,000 | 0.47% |
| Meta Platforms Inc |
1.72%
1,889
|
$952,651,000 | 0.44% |
| Schwab Us Dividend Equity Etf |
6.44%
9,648
|
$750,222,000 | 0.34% |
| Citigroup Inc |
3.78%
11,451
|
$726,701,000 | 0.33% |
| Boeing Co Com |
13.98%
3,709
|
$675,100,000 | 0.31% |
| Chevron Corp New Com |
17.78%
4,286
|
$670,437,000 | 0.31% |
| Lowes Cos Inc Com |
0.40%
2,985
|
$658,114,000 | 0.30% |
| Charles Schwab Corp. |
3.98%
8,701
|
$641,193,000 | 0.29% |
| Walmart Inc |
0.57%
9,039
|
$612,009,000 | 0.28% |
| Abbvie Inc |
2.63%
3,333
|
$571,743,000 | 0.26% |
| Technology Select Sector Spdr |
0.18%
2,287
|
$517,302,000 | 0.24% |
| Cardinal Health, Inc. |
0.46%
5,244
|
$515,631,000 | 0.24% |
| Ishares U.s. Aerospace & Defense Etf |
3.29%
3,893
|
$514,064,000 | 0.23% |
| Netflix Com Inc |
No change
744
|
$502,111,000 | 0.23% |
| Kkr & Co Lp |
0.15%
4,716
|
$496,340,000 | 0.23% |
| Invesco S&p 500 Equal Weight Etf |
19.79%
2,942
|
$483,276,000 | 0.22% |
| Vanguard Small-cap Growth Etf |
1.47%
1,932
|
$483,221,000 | 0.22% |
| Vanguard High Dividend Yield |
0.63%
4,012
|
$475,882,000 | 0.22% |
| AT&T Inc. |
0.06%
24,252
|
$463,452,000 | 0.21% |
| Ishares S&p 500 Growth Etf |
1.95%
4,980
|
$460,862,000 | 0.21% |
| First Tr Exchange Traded Fd Dow Jones Internet Index Fd |
0.77%
2,087
|
$427,710,000 | 0.20% |
| Spdr Portfolio S&p 500 Growth Etf |
1.28%
5,212
|
$417,605,000 | 0.19% |
| Ishares Russell 1000 Value Etf |
5.83%
2,327
|
$406,016,000 | 0.19% |
| Spdr Portfolio S&p 1500 Composite Stock Market Etf |
0.94%
6,101
|
$404,785,000 | 0.18% |
| Berkshire Hathaway Inc Del Cl B New |
19.64%
982
|
$399,478,000 | 0.18% |
| Vanguard Total Stk Mkt |
3.11%
1,461
|
$390,804,000 | 0.18% |
| Us Bancorp Del Com New |
5.23%
9,665
|
$383,691,000 | 0.18% |
| Financial Select Sector Spdr |
0.29%
9,206
|
$378,451,000 | 0.17% |
| Visa Inc |
1.45%
1,361
|
$357,172,000 | 0.16% |
| Schwab Strategic Tr Us Lrg Cap Etf |
0.30%
5,047
|
$324,292,000 | 0.15% |
| Ge Aerospace Com New |
0.05%
1,983
|
$315,295,000 | 0.14% |
| Southern Co Com |
14.64%
3,866
|
$299,852,000 | 0.14% |
| Disney Walt Co Com |
7.92%
2,791
|
$277,146,000 | 0.13% |
| Procter And Gamble Co Com |
0.38%
1,588
|
$261,843,000 | 0.12% |
| Wisdomtree U.s. Largecap Dividend Fund |
No change
3,062
|
$222,761,000 | 0.10% |
| Alphabet Inc Cap Stk Cl C |
Opened
1,191
|
$218,512,000 | 0.10% |
| CSX Corp. |
Opened
6,417
|
$214,648,000 | 0.10% |
| Uber Technologies Inc |
No change
2,936
|
$213,388,000 | 0.10% |
| Verizon Communications Inc |
13.16%
5,153
|
$212,497,000 | 0.10% |
| Starbucks Corp. |
Closed
2,319
|
$211,976,000 | |
| Schwab Etfs- Us Small-cap Etf |
2.49%
4,328
|
$205,383,000 | 0.09% |
| Ishares Core S&p Total U.s. Stock Market Etf |
Closed
1,736
|
$200,162,000 | |
| No transactions found | |||
| Showing first 500 out of 74 holdings | |||
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