Ern 13F annual report

Ern is an investment fund managing more than $89.5 million ran by Penny Tracey. There are currently 66 companies in Mrs. Tracey’s portfolio. The largest investments include Apple Inc and Procter Gamble Co, together worth $11.7 million.

Limited to 30 biggest holdings

$89.5 million Assets Under Management (AUM)

As of 6th July 2022, Ern’s top holding is 51,500 shares of Apple Inc currently worth over $7.04 million and making up 7.9% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Ern owns more than approximately 0.1% of the company. In addition, the fund holds 32,500 shares of Procter Gamble Co worth $4.67 million. The third-largest holding is Merck Co Inc worth $4.1 million and the next is Pepsico Inc worth $3.83 million, with 23,000 shares owned.

Currently, Ern's portfolio is worth at least $89.5 million. 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 Ern

The Ern office and employees reside in Wilmington, Delaware. According to the last 13-F report filed with the SEC, Penny Tracey serves as the Secretary at Ern.

Recent trades

In the most recent 13F filing, Ern revealed that it had opened a new position in Apple Inc and bought 51,500 shares worth $7.04 million.

One of the smallest hedge funds

The two most similar investment funds to Ern are Dmg and Index Venture Life Associates Vi Ltd. They manage $89.4 million and $89.4 million respectively.

Penny Tracey investment strategy

Ern’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Industrials — making up 14.5% of the total portfolio value. The fund focuses on investments in the United States as 51.5% 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 48% of the total holdings value. On the other hand, small-cap stocks make up only 1.5% of the portfolio. The average market cap of the portfolio companies is close to $261 billion.

The complete list of Ern trades based on 13F SEC filings

These positions were updated on July 13th 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	Opened 51,500	$7,041,000	7.87%
Procter Gamble Co	Opened 32,500	$4,673,000	5.22%
Merck Co Inc	Opened 45,000	$4,103,000	4.59%
Pepsico Inc	Opened 23,000	$3,833,000	4.28%
Church Dwight Inc	Opened 37,000	$3,428,000	3.83%
Berkshire Hathaway Inc Del Cl B New	Opened 10,915	$2,980,000	3.33%
Paychex Inc.	Opened 25,000	$2,847,000	3.18%
Abbvie Inc	Opened 16,581	$2,540,000	2.84%
Johnson Johnson	Opened 13,907	$2,469,000	2.76%
Automatic Data Processing Inc.	Opened 11,500	$2,415,000	2.70%
Norfolk Southern Corp.	Opened 10,000	$2,273,000	2.54%
3M Co.	Opened 17,000	$2,200,000	2.46%
WD-40 Co.	Opened 10,000	$2,014,000	2.25%
Dover Corp Com	Opened 16,429	$1,993,000	2.23%
Pfizer Inc.	Opened 35,000	$1,835,000	2.05%
Microsoft Corporation	Opened 7,000	$1,798,000	2.01%
T. Rowe Price Group Inc.	Opened 15,500	$1,761,000	1.97%
Waste Mgmt Inc	Opened 11,500	$1,759,000	1.97%
Ball Corp Com	Opened 24,000	$1,650,000	1.84%
Alphabet Inc Cap Stk Cl C	Opened 700	$1,531,000	1.71%
Home Depot, Inc.	Opened 5,550	$1,522,000	1.70%
Caterpillar Inc.	Opened 8,500	$1,519,000	1.70%
Intel Corp.	Opened 40,000	$1,496,000	1.67%
Sp Global Inc Com	Opened 4,344	$1,464,000	1.64%
Intl Business Machines	Opened 10,000	$1,412,000	1.58%
Abbott Labs	Opened 12,981	$1,410,000	1.58%
Corning, Inc.	Opened 44,000	$1,386,000	1.55%
Corteva Inc	Opened 23,641	$1,280,000	1.43%
Sysco Corp.	Opened 15,000	$1,271,000	1.42%
Dow Inc	Opened 23,641	$1,220,000	1.36%
DuPont de Nemours Inc	Opened 21,802	$1,212,000	1.35%
American Express Co.	Opened 8,422	$1,167,000	1.30%
Cisco Systems, Inc.	Opened 25,000	$1,066,000	1.19%
Cvs Health Corp Com	Opened 10,475	$971,000	1.09%
Jpmorgan Chase Co	Opened 8,500	$957,000	1.07%
Ishares Core Msci	Opened 16,000	$912,000	1.02%
Amazon.com Inc.	Opened 8,500	$903,000	1.01%
Verizon Communications Inc	Opened 17,500	$888,000	0.99%
Ishares Tr Sp 600 Core Etf	Opened 9,000	$832,000	0.93%
Analog Devices Inc.	Opened 5,300	$774,000	0.86%
General Electric Co Com New	Opened 10,937	$696,000	0.78%
Emerson Electric Co.	Opened 8,497	$676,000	0.76%
Chevron Corp.	Opened 4,645	$673,000	0.75%
Mastercard Incorporated	Opened 2,000	$631,000	0.71%
Etf Vanguard Small-capgrowth	Opened 3,000	$591,000	0.66%
Cummins Inc.	Opened 3,000	$581,000	0.65%
Truist Finl Corp Com	Opened 12,015	$570,000	0.64%
Accenture Plc Ireland Cl A	Opened 2,000	$555,000	0.62%
Ishares Clean Energy	Opened 25,000	$476,000	0.53%
Bk Of America Corp Com	Opened 15,000	$467,000	0.52%
United Parcel Service, Inc.	Opened 2,500	$456,000	0.51%
Comcast Corp New Cl A	Opened 10,000	$392,000	0.44%
Morgan Stanley Com New	Opened 5,000	$380,000	0.42%
Conocophillips	Opened 4,000	$359,000	0.40%
Oracle Corp.	Opened 5,000	$349,000	0.39%
Coca-Cola Co	Opened 5,000	$315,000	0.35%
Alibaba Group Hld	Opened 2,750	$313,000	0.35%
Phillips 66	Opened 3,750	$307,000	0.34%
Nike, Inc.	Opened 2,500	$256,000	0.29%
Qualcomm, Inc.	Opened 2,000	$255,000	0.28%
Broadcom Inc.	Opened 500	$243,000	0.27%
Fortune Brands Home Sec	Opened 4,000	$240,000	0.27%
Disney Walt Co	Opened 2,500	$236,000	0.26%
Chemours Co Com	Opened 7,000	$224,000	0.25%
Medtronic Plc Shs	Opened 2,500	$224,000	0.25%
Zimmer Hldgs Inc	Opened 2,000	$210,000	0.23%
No transactions found
Showing first 500 out of 66 holdings