Wallace Advisory 13F annual report
Wallace Advisory is an investment fund managing more than $133 billion ran by Joseph Wallace. There are currently 144 companies in Mr. Wallace’s portfolio. The largest investments include Merck Co Inc and Chevron, together worth $19.2 billion.
$133 billion Assets Under Management (AUM)
As of 5th April 2024, Wallace Advisory’s top holding is 116,468 shares of Merck Co Inc currently worth over $12.7 billion and making up 9.6% of the portfolio value.
In addition, the fund holds 43,515 shares of Chevron worth $6.49 billion, whose value grew 0.4% in the past six months.
The third-largest holding is Amazon.com worth $4.21 billion and the next is Cigna worth $3.73 billion, with 12,465 shares owned.
Currently, Wallace Advisory's portfolio is worth at least $133 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 Wallace Advisory
The Wallace Advisory office and employees reside in Lafayette, California. According to the last 13-F report filed with the SEC, Joseph Wallace serves as the Chief Compliance Officer at Wallace Advisory.
Recent trades
In the most recent 13F filing, Wallace Advisory revealed that it had opened a new position in
Innovator ETFs Trust and bought 125,689 shares worth $3.6 billion.
This means they effectively own 0.1% of the company.
Innovator ETFs Trust makes up
92.5%
of the fund's Miscellaneous sector allocation and has grown its share price by 38.7% in the past year.
The investment fund also strengthened its position in Chevron by buying
1,174 additional shares.
This makes their stake in Chevron total 43,515 shares worth $6.49 billion.
Chevron dropped 4.7% in the past year.
On the other hand, there are companies that Wallace Advisory is getting rid of from its portfolio.
Wallace Advisory closed its position in Franklin Templeton Etf Tr on 12th April 2024.
It sold the previously owned 205,992 shares for $6.05 billion.
Joseph Wallace also disclosed a decreased stake in Merck Co Inc by approximately 0.1%.
This leaves the value of the investment at $12.7 billion and 116,468 shares.
One of the smallest hedge funds
The two most similar investment funds to Wallace Advisory are Wespac Advisors and True Signal L.P.. They manage $133 billion and $133 billion respectively.
Joseph Wallace investment strategy
Wallace Advisory’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 12.9% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% 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
44% of the total holdings value.
On the other hand, small-cap stocks make up only 2.1% of the portfolio.
The average market cap of the portfolio companies is close to $157 billion.
The complete list of Wallace Advisory trades based on 13F SEC filings
These positions were updated on April 12th 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 |
|---|---|---|---|
| Merck Co Inc |
0.44%
116,468
|
$12,697,341,000 | 9.57% |
| Chevron Corp. |
2.77%
43,515
|
$6,490,697,000 | 4.89% |
| Amazon.com Inc. |
1.18%
27,695
|
$4,207,978,000 | 3.17% |
| Cigna Group (The) |
0.02%
12,465
|
$3,732,644,000 | 2.81% |
| Franklin Templeton Etf Tr |
Closed
205,992
|
$6,045,956,000 | |
| Innovator ETFs Trust |
Opened
125,689
|
$3,603,504,000 | 2.72% |
| Ishares Tr |
4.10%
95,829
|
$9,703,566,000 | 7.31% |
| Microsoft Corporation |
27.19%
7,082
|
$2,663,116,000 | 2.01% |
| Apple Inc |
11.22%
12,876
|
$2,479,087,000 | 1.87% |
| BondBloxx ETF Trust |
65.33%
49,126
|
$2,466,126,000 | 1.86% |
| Wisdomtree Tr |
Closed
47,922
|
$2,411,435,000 | |
| American Centy Etf Tr |
Opened
24,522
|
$2,202,075,000 | 1.66% |
| J P Morgan Exchange Traded F |
10.89%
43,292
|
$2,162,170,000 | 1.63% |
| Alphabet Inc |
2.49%
23,801
|
$3,337,384,000 | 2.51% |
| Adobe Inc |
9.34%
3,137
|
$1,871,534,000 | 1.41% |
| Ishares Tr |
Opened
87,498
|
$3,817,842,000 | 2.88% |
| Mastercard Incorporated |
1.78%
3,963
|
$1,690,259,000 | 1.27% |
| Spdr Sp 500 Etf Tr |
No change
3,502
|
$1,664,892,000 | 1.25% |
| ServiceNow Inc |
1.05%
2,172
|
$1,534,497,000 | 1.16% |
| Unitedhealth Group Inc |
4.00%
2,759
|
$1,452,530,000 | 1.09% |
| Wisdomtree Tr |
Opened
18,380
|
$1,376,663,000 | 1.04% |
| Salesforce Inc |
1.31%
4,653
|
$1,224,391,000 | 0.92% |
| World Gold Tr |
40.89%
29,906
|
$1,223,455,000 | 0.92% |
| Netflix Inc. |
34.42%
2,463
|
$1,199,186,000 | 0.90% |
| Visa Inc |
0.24%
4,519
|
$1,176,639,000 | 0.89% |
| Accenture Plc Ireland |
0.06%
3,344
|
$1,173,442,000 | 0.88% |
| Jpmorgan Chase Co |
14.16%
6,821
|
$1,160,252,000 | 0.87% |
| Johnson Johnson |
2.60%
7,388
|
$1,157,995,000 | 0.87% |
| Vanguard Index Fds |
Opened
14,552
|
$2,877,154,000 | 2.17% |
| Autodesk Inc. |
6.67%
4,530
|
$1,102,964,000 | 0.83% |
| Thermo Fisher Scientific Inc. |
12.44%
1,943
|
$1,031,326,000 | 0.78% |
| Philip Morris International Inc |
5.78%
10,862
|
$1,021,897,000 | 0.77% |
| Wells Fargo Co New |
0.06%
20,585
|
$1,013,189,000 | 0.76% |
| Novo-nordisk A S |
2.33%
9,689
|
$1,002,326,000 | 0.76% |
| Cisco Sys Inc |
8.37%
19,130
|
$966,448,000 | 0.73% |
| Vanguard Whitehall Fds |
Opened
8,387
|
$936,241,000 | 0.71% |
| Spdr Index Shs Fds |
12.01%
46,268
|
$1,573,701,000 | 1.19% |
| Airbnb, Inc. |
0.63%
6,305
|
$858,362,000 | 0.65% |
| Lowes Cos Inc |
1.68%
3,750
|
$834,542,000 | 0.63% |
| JD.com Inc |
3.25%
26,717
|
$771,855,000 | 0.58% |
| Abbott Labs |
1.48%
6,996
|
$770,049,000 | 0.58% |
| PayPal Holdings Inc |
31.28%
11,595
|
$712,049,000 | 0.54% |
| Verizon Communications Inc |
2.80%
18,068
|
$681,164,000 | 0.51% |
| International Business Machs |
1.93%
4,009
|
$655,672,000 | 0.49% |
| Zoetis Inc |
1.18%
3,248
|
$641,058,000 | 0.48% |
| Intuit Inc |
7.91%
1,024
|
$640,031,000 | 0.48% |
| Pge Corp |
4.11%
34,891
|
$629,085,000 | 0.47% |
| Amphenol Corp. |
5.95%
6,292
|
$623,726,000 | 0.47% |
| NVIDIA Corp |
10.79%
1,240
|
$614,073,000 | 0.46% |
| Spdr Ser Tr |
3.83%
75,731
|
$3,990,849,000 | 3.01% |
| Att Inc |
12.53%
35,748
|
$599,852,000 | 0.45% |
| Us Bancorp Del |
12.39%
13,697
|
$592,806,000 | 0.45% |
| Booking Holdings Inc |
5.17%
165
|
$585,291,000 | 0.44% |
| Ishares Tr |
Closed
7,077
|
$573,025,000 | |
| Tjx Cos Inc New |
7.28%
5,972
|
$560,234,000 | 0.42% |
| Home Depot, Inc. |
21.92%
1,610
|
$557,946,000 | 0.42% |
| Firstenergy Corp. |
8.95%
15,036
|
$551,220,000 | 0.42% |
| Take-two Interactive Softwar |
7.45%
3,390
|
$545,620,000 | 0.41% |
| RTX Corp |
1.35%
6,482
|
$545,396,000 | 0.41% |
| Bank America Corp |
39.86%
16,021
|
$539,427,000 | 0.41% |
| Sp Global Inc |
5.14%
1,219
|
$536,994,000 | 0.40% |
| Pool Corporation |
2.01%
1,317
|
$525,101,000 | 0.40% |
| Workday Inc |
0.64%
1,850
|
$510,711,000 | 0.38% |
| Fiserv, Inc. |
4.42%
3,698
|
$491,243,000 | 0.37% |
| Shell Plc |
3.62%
7,465
|
$491,197,000 | 0.37% |
| Copart, Inc. |
8.96%
9,825
|
$481,425,000 | 0.36% |
| Abbvie Inc |
3.42%
3,080
|
$477,308,000 | 0.36% |
| Ryan Specialty Holdings Inc |
0.28%
11,026
|
$474,339,000 | 0.36% |
| Freeport-McMoRan Inc |
7.08%
11,068
|
$471,165,000 | 0.36% |
| Qualcomm, Inc. |
2.53%
3,192
|
$461,659,000 | 0.35% |
| Sps Comm Inc |
6.87%
2,357
|
$456,881,000 | 0.34% |
| Gartner, Inc. |
2.13%
957
|
$431,713,000 | 0.33% |
| Factset Resh Sys Inc |
10.29%
900
|
$429,345,000 | 0.32% |
| Coca-Cola Co |
2.22%
7,131
|
$420,230,000 | 0.32% |
| Procter And Gamble Co |
0.45%
2,863
|
$419,544,000 | 0.32% |
| Nike, Inc. |
4.02%
3,824
|
$415,172,000 | 0.31% |
| Williams Cos Inc |
7.44%
11,867
|
$413,328,000 | 0.31% |
| Exxon Mobil Corp. |
No change
4,118
|
$411,718,000 | 0.31% |
| Markel Group Inc |
4.68%
285
|
$404,672,000 | 0.30% |
| Pfizer Inc. |
Closed
11,986
|
$397,575,000 | |
| Marathon Pete Corp |
6.80%
2,623
|
$389,149,000 | 0.29% |
| AES Corp. |
16.97%
20,097
|
$386,868,000 | 0.29% |
| Barrick Gold Corp. |
9.74%
21,281
|
$384,973,000 | 0.29% |
| Sherwin-Williams Co. |
4.48%
1,195
|
$372,721,000 | 0.28% |
| TechnipFMC plc |
8.14%
18,436
|
$371,301,000 | 0.28% |
| Illumina Inc |
Closed
2,650
|
$363,792,000 | |
| American Intl Group Inc |
6.93%
5,294
|
$358,669,000 | 0.27% |
| Napco Sec Technologies Inc |
6.92%
10,329
|
$353,769,000 | 0.27% |
| Godaddy Inc |
5.30%
3,324
|
$352,876,000 | 0.27% |
| Fox Factory Hldg Corp |
Closed
3,515
|
$348,266,000 | |
| Centene Corp. |
1.84%
4,639
|
$344,261,000 | 0.26% |
| Vanguard Star Fds |
Opened
5,934
|
$343,934,000 | 0.26% |
| Morningstar Inc |
7.36%
1,196
|
$342,343,000 | 0.26% |
| West Pharmaceutical Svsc Inc |
4.48%
957
|
$336,979,000 | 0.25% |
| Monolithic Pwr Sys Inc |
10.48%
527
|
$332,421,000 | 0.25% |
| Cintas Corporation |
6.68%
545
|
$328,451,000 | 0.25% |
| Zebra Technologies Corporati |
26.81%
1,190
|
$325,262,000 | 0.25% |
| Fleetcor Technologies Inc |
Closed
1,271
|
$324,538,000 | |
| Qualys Inc |
3.98%
1,646
|
$323,077,000 | 0.24% |
| Bristol-Myers Squibb Co. |
18.43%
6,104
|
$313,195,000 | 0.24% |
| Humana Inc. |
14.26%
681
|
$311,768,000 | 0.23% |
| Teradata Corp |
9.07%
7,141
|
$310,705,000 | 0.23% |
| MetLife, Inc. |
1.60%
4,693
|
$310,348,000 | 0.23% |
| Pgim Etf Tr |
No change
6,191
|
$305,773,000 | 0.23% |
| Disney Walt Co |
Closed
3,701
|
$299,966,000 | |
| Teledyne Technologies Inc |
1.51%
672
|
$299,907,000 | 0.23% |
| Medtronic Plc |
42.80%
3,640
|
$299,863,000 | 0.23% |
| Corning, Inc. |
21.29%
9,788
|
$298,045,000 | 0.22% |
| AAON Inc. |
0.96%
3,976
|
$293,707,000 | 0.22% |
| Morgan Stanley |
6.09%
3,118
|
$290,754,000 | 0.22% |
| Dimensional Etf Trust |
0.35%
9,477
|
$277,016,000 | 0.21% |
| Caterpillar Inc. |
11.39%
934
|
$276,156,000 | 0.21% |
| Aspen Technology Inc |
14.36%
1,250
|
$275,188,000 | 0.21% |
| Applied Matls Inc |
17.34%
1,678
|
$271,953,000 | 0.20% |
| Ncino, Inc. |
0.03%
7,850
|
$263,995,000 | 0.20% |
| Baxter International Inc. |
Closed
6,959
|
$262,633,000 | |
| Citigroup Inc |
16.09%
5,043
|
$259,412,000 | 0.20% |
| Endava plc |
Opened
3,322
|
$258,617,000 | 0.19% |
| Sap SE |
Opened
1,667
|
$257,701,000 | 0.19% |
| Championx Corporation |
Closed
7,140
|
$254,327,000 | |
| Crane Co |
13.45%
2,123
|
$250,811,000 | 0.19% |
| BondBloxx ETF Trust |
Opened
4,951
|
$246,462,000 | 0.19% |
| Berkshire Hathaway Inc. |
6.17%
684
|
$243,955,000 | 0.18% |
| Wisdomtree Tr |
0.55%
3,452
|
$242,606,000 | 0.18% |
| CSX Corp. |
Opened
6,921
|
$239,951,000 | 0.18% |
| FMC Corp. |
Closed
3,563
|
$238,614,000 | |
| BILL Holdings Inc |
Closed
2,184
|
$237,117,000 | |
| Saia Inc. |
11.76%
540
|
$236,638,000 | 0.18% |
| ServisFirst Bancshares Inc |
Closed
4,437
|
$231,479,000 | |
| Bank Montreal Medium |
Opened
989
|
$230,328,000 | 0.17% |
| Spdr Ser Tr |
Closed
7,845
|
$230,015,000 | |
| Entegris Inc |
11.33%
1,902
|
$227,897,000 | 0.17% |
| RELX Plc |
3.82%
5,733
|
$227,370,000 | 0.17% |
| Vanguard Scottsdale Fds |
Opened
2,779
|
$225,877,000 | 0.17% |
| Vanguard Specialized Funds |
Opened
1,323
|
$225,439,000 | 0.17% |
| Dollar Gen Corp New |
Closed
2,116
|
$223,873,000 | |
| Emcor Group, Inc. |
14.85%
1,038
|
$223,615,000 | 0.17% |
| Deckers Outdoor Corp. |
34.89%
334
|
$223,255,000 | 0.17% |
| Interactive Brokers Group In |
8.76%
2,693
|
$223,250,000 | 0.17% |
| Booz Allen Hamilton Hldg Cor |
19.51%
1,733
|
$221,668,000 | 0.17% |
| Cooper Cos Inc |
Closed
692
|
$220,063,000 | |
| Valvoline Inc |
Opened
5,755
|
$216,273,000 | 0.16% |
| Ulta Beauty Inc |
Opened
440
|
$215,596,000 | 0.16% |
| Brown Brown Inc |
Opened
3,027
|
$215,249,000 | 0.16% |
| Franklin Templeton Etf Tr |
Opened
13,401
|
$215,086,000 | 0.16% |
| Starbucks Corp. |
42.82%
2,237
|
$214,774,000 | 0.16% |
| Vanguard Tax-managed Fds |
Opened
4,374
|
$209,515,000 | 0.16% |
| Restaurant Brands International Inc |
Opened
2,681
|
$209,467,000 | 0.16% |
| United Parcel Service, Inc. |
56.75%
1,329
|
$208,959,000 | 0.16% |
| Southwest Airls Co |
36.66%
7,125
|
$205,770,000 | 0.16% |
| Autozone Inc. |
Closed
81
|
$205,739,000 | |
| Comcast Corp New |
19.41%
4,672
|
$204,867,000 | 0.15% |
| nVent Electric plc |
Closed
3,859
|
$204,488,000 | |
| Watts Water Technologies, Inc. |
Opened
972
|
$202,506,000 | 0.15% |
| Darden Restaurants, Inc. |
Opened
1,232
|
$202,418,000 | 0.15% |
| Asbury Automotive Group Inc |
Closed
875
|
$201,311,000 | |
| Organon Co |
No change
11,711
|
$168,873,000 | 0.13% |
| Haleon Plc |
4.27%
13,898
|
$114,380,000 | 0.09% |
| Cemex Sab De Cv |
No change
13,591
|
$105,331,000 | 0.08% |
| Mitsubishi Ufj Finl Group In |
No change
12,200
|
$105,042,000 | 0.08% |
| Banco Bilbao Vizcaya Argenta |
No change
10,852
|
$98,862,000 | 0.07% |
| Olo Inc |
Closed
13,557
|
$82,155,000 | |
| Holley Inc |
2.26%
13,331
|
$64,922,000 | 0.05% |
| Qurate Retail Inc |
21.11%
17,491
|
$15,313,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 164 holdings | |||
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