Westwood Wealth Management 13F annual report

Westwood Wealth Management is an investment fund managing more than $251 billion ran by Michael Puryear. There are currently 36 companies in Mr. Puryear’s portfolio. The largest investments include NVIDIA Corp and Apple Inc, together worth $127 billion.

Limited to 30 biggest holdings

$251 billion Assets Under Management (AUM)

As of 7th August 2024, Westwood Wealth Management’s top holding is 801,120 shares of NVIDIA Corp currently worth over $99 billion and making up 39.5% of the portfolio value. Relative to the number of outstanding shares of NVIDIA Corp, Westwood Wealth Management owns more than approximately 0.1% of the company. In addition, the fund holds 132,226 shares of Apple Inc worth $27.8 billion, whose value grew 20.2% in the past six months. The third-largest holding is Meta Platforms Inc worth $13.4 billion and the next is Proshares Tr worth $12.9 billion, with 129,010 shares owned.

Currently, Westwood Wealth Management's portfolio is worth at least $251 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 Westwood Wealth Management

The Westwood Wealth Management office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Michael Puryear serves as the President & Managing Partner at Westwood Wealth Management.

Recent trades

In the most recent 13F filing, Westwood Wealth Management revealed that it had opened a new position in Direxion Shs Etf Tr and bought 226,970 shares worth $12.6 billion.

The investment fund also strengthened its position in NVIDIA Corp by buying 724,873 additional shares. This makes their stake in NVIDIA Corp total 801,120 shares worth $99 billion. NVIDIA Corp dropped 73.5% in the past year.

On the other hand, there are companies that Westwood Wealth Management is getting rid of from its portfolio. Westwood Wealth Management closed its position in General Mtrs Co on 14th August 2024. It sold the previously owned 9,265 shares for $333 million. Michael Puryear also disclosed a decreased stake in Apple Inc by 0.1%. This leaves the value of the investment at $27.8 billion and 132,226 shares.

One of the smallest hedge funds

The two most similar investment funds to Westwood Wealth Management are Lind Value Ii Aps and Nia Impact Advisors. They manage $251 billion and $251 billion respectively.

Michael Puryear investment strategy

Westwood Wealth Management’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Technology — making up 63.0% of the total portfolio value. The fund focuses on investments in the United States as 55.6% 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 53% of the total holdings value. On the other hand, small-cap stocks make up only 2.8% of the portfolio. The average market cap of the portfolio companies is close to $401 billion.

The complete list of Westwood Wealth Management trades based on 13F SEC filings

These positions were updated on August 14th 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
NVIDIA Corp	950.69% 801,120	$98,970,365,000	39.46%
Apple Inc	12.80% 132,226	$27,849,440,000	11.10%
Meta Platforms Inc	332.30% 26,591	$13,407,714,000	5.35%
Proshares Tr	4.31% 129,010	$12,876,488,000	5.13%
Direxion Shs Etf Tr	Opened 226,970	$12,565,059,000	5.01%
Microsoft Corporation	14.09% 27,622	$12,345,653,000	4.92%
Alphabet Inc	Opened 62,107	$11,312,790,000	4.51%
Broadcom Inc	14.06% 5,475	$8,790,277,000	3.50%
Amazon.com Inc.	19.46% 35,270	$6,815,928,000	2.72%
Palo Alto Networks Inc	1.17% 14,753	$5,001,415,000	1.99%
Direxion Shs Etf Tr	52.22% 131,905	$8,466,301,000	3.38%
VanEck ETF Trust	8.13% 17,290	$4,507,503,000	1.80%
Arm Holdings Plc	Opened 23,675	$3,873,704,000	1.54%
Uber Technologies Inc	6.53% 49,750	$3,615,830,000	1.44%
Nxp Semiconductors N V	9.28% 8,830	$2,376,065,000	0.95%
Ishares Tr	14.44% 24,375	$3,505,255,000	1.40%
Eli Lilly Co	Opened 1,940	$1,756,437,000	0.70%
Super Micro Computer Inc	Opened 1,750	$1,433,863,000	0.57%
Union Pac Corp	0.72% 5,535	$1,252,349,000	0.50%
Spdr Sp 500 Etf Tr	13.62% 2,251	$1,225,039,000	0.49%
Alphabet Inc	7.26% 6,640	$1,217,909,000	0.49%
Blackstone Inc	No change 7,175	$888,265,000	0.35%
Fedex Corp	4.14% 2,430	$728,611,000	0.29%
Advanced Micro Devices Inc.	Opened 4,279	$694,097,000	0.28%
Netflix Inc.	102.78% 1,020	$688,378,000	0.27%
Nike, Inc.	24.20% 8,302	$625,722,000	0.25%
Proshares Tr	Opened 10,000	$592,600,000	0.24%
Jpmorgan Chase Co.	3.46% 2,787	$563,699,000	0.22%
Qualcomm, Inc.	12.16% 2,708	$539,379,000	0.22%
ServiceNow Inc	14.29% 600	$472,002,000	0.19%
Disney Walt Co	17.95% 4,570	$453,755,000	0.18%
Dimensional Etf Trust	No change 7,420	$436,667,000	0.17%
General Mtrs Co	Closed 9,265	$332,799,000
Biogen Inc	Closed 1,125	$291,116,000
Johnson Johnson	15.24% 1,947	$284,574,000	0.11%
Energy Transfer L P	No change 15,000	$243,300,000	0.10%
Block Inc	56.10% 3,560	$229,584,000	0.09%
Delta Air Lines, Inc.	Opened 4,800	$227,712,000	0.09%
No transactions found
Showing first 500 out of 38 holdings