Smart Money 13F annual report
Smart Money is an investment fund managing more than $251 billion ran by Jim Kennedy. There are currently 72 companies in Mr. Kennedy’s portfolio. The largest investments include VanEck ETF Trust and Innovator ETFs Trust, together worth $54.8 billion.
$251 billion Assets Under Management (AUM)
As of 5th August 2024, Smart Money’s top holding is 340,113 shares of VanEck ETF Trust currently worth over $33 billion and making up 13.2% of the portfolio value.
Relative to the number of outstanding shares of VanEck ETF Trust, Smart Money owns less than 0.7% of the company.
In addition, the fund holds 798,222 shares of Innovator ETFs Trust worth $21.7 billion, whose value fell 8.6% in the past six months.
The third-largest holding is Invesco Exch Traded Fd Tr Ii worth $17.3 billion and the next is Wisdomtree Tr worth $18.1 billion, with 220,634 shares owned.
Currently, Smart Money'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 Smart Money
The Smart Money office and employees reside in Eastland, Texas. According to the last 13-F report filed with the SEC, Jim Kennedy serves as the Co-Owner/Principal at Smart Money.
Recent trades
In the most recent 13F filing, Smart Money revealed that it had opened a new position in
Invesco Exch Traded Fd Tr Ii and bought 201,235 shares worth $17.3 billion.
The investment fund also strengthened its position in Innovator ETFs Trust by buying
238,273 additional shares.
This makes their stake in Innovator ETFs Trust total 798,222 shares worth $21.7 billion.
Innovator ETFs Trust dropped approximately 0.1% in the past year.
On the other hand, there are companies that Smart Money is getting rid of from its portfolio.
Smart Money closed its position in Pacer Fds Tr on 12th August 2024.
It sold the previously owned 123,601 shares for $5.67 billion.
Jim Kennedy also disclosed a decreased stake in VanEck ETF Trust by approximately 0.1%.
This leaves the value of the investment at $33 billion and 340,113 shares.
One of the smallest hedge funds
The two most similar investment funds to Smart Money are Vert Asset Management and Nia Impact Advisors. They manage $251 billion and $251 billion respectively.
Jim Kennedy investment strategy
Smart Money’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Miscellaneous — making up 22.3% 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
31% of the total holdings value.
On the other hand, small-cap stocks make up only 5.6% of the portfolio.
The average market cap of the portfolio companies is close to $359 billion.
The complete list of Smart Money trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| VanEck ETF Trust |
0.83%
340,113
|
$33,044,249,000 | 13.17% |
| Innovator ETFs Trust |
42.55%
798,222
|
$21,733,272,000 | 8.66% |
| Invesco Exch Traded Fd Tr Ii |
Opened
201,235
|
$17,306,210,000 | 6.90% |
| Wisdomtree Tr |
45.11%
220,634
|
$18,093,690,000 | 7.21% |
| Spdr Ser Tr |
0.36%
104,142
|
$10,613,015,000 | 4.23% |
| Spdr Sp 500 Etf Tr |
5.08%
14,084
|
$7,757,613,000 | 3.09% |
| Ishares Tr |
1.72%
129,771
|
$18,091,833,000 | 7.21% |
| Ishares U S Etf Tr |
3.18%
149,551
|
$7,507,453,000 | 2.99% |
| First Tr Exchng Traded Fd Vi |
4.31%
194,162
|
$7,766,677,000 | 3.09% |
| Vanguard Index Fds |
0.98%
29,399
|
$11,370,482,000 | 4.53% |
| Schwab Strategic Tr |
13.81%
161,574
|
$10,358,764,000 | 4.13% |
| Franklin Templeton Etf Tr |
3.62%
186,079
|
$5,988,018,000 | 2.39% |
| Tidal Etf Tr |
19.60%
165,581
|
$5,703,011,000 | 2.27% |
| Pacer Fds Tr |
Closed
123,601
|
$5,668,342,000 | |
| Noble Corp Plc |
No change
113,208
|
$5,345,682,000 | 2.13% |
| Pimco Etf Tr |
91.41%
88,158
|
$4,621,253,000 | 1.84% |
| Vanguard Specialized Funds |
1.22%
23,072
|
$4,378,805,000 | 1.74% |
| Vanguard Wellington Fd |
0.27%
33,283
|
$4,082,521,000 | 1.63% |
| First Finl Bankshares Inc |
0.78%
105,830
|
$4,070,213,000 | 1.62% |
| Pacer Fds Tr |
2.58%
119,926
|
$3,918,787,000 | 1.56% |
| Spdr Gold Tr |
0.58%
14,643
|
$3,317,406,000 | 1.32% |
| Vaneck Merk Gold Tr |
5.43%
128,185
|
$3,034,139,000 | 1.21% |
| Fidelity Wise Origin Bitcoin |
1.15%
50,887
|
$2,903,612,000 | 1.16% |
| Vanguard Bd Index Fds |
1.88%
30,807
|
$2,360,117,000 | 0.94% |
| Legg Mason Etf Invt |
3.78%
74,333
|
$2,275,324,000 | 0.91% |
| NVIDIA Corp |
891.11%
14,490
|
$1,695,672,000 | 0.68% |
| Microsoft Corporation |
3.35%
3,705
|
$1,549,838,000 | 0.62% |
| Spdr Ser Tr |
Closed
14,599
|
$1,450,751,000 | |
| Apple Inc |
2.22%
6,449
|
$1,432,148,000 | 0.57% |
| Berkshire Hathaway Inc. |
4.35%
3,001
|
$1,315,938,000 | 0.52% |
| Ishares Tr |
Opened
20,346
|
$1,738,336,000 | 0.69% |
| Trimtabs Etf Tr |
1.10%
19,567
|
$1,220,164,000 | 0.49% |
| First Tr Exchange Traded Fd |
2.03%
10,044
|
$1,097,173,000 | 0.44% |
| Amazon.com Inc. |
1.48%
5,839
|
$1,091,776,000 | 0.44% |
| EA Series Trust |
Opened
9,905
|
$1,072,712,000 | 0.43% |
| Exxon Mobil Corp. |
15.72%
8,339
|
$988,927,000 | 0.39% |
| Novo-nordisk A S |
7.00%
6,867
|
$910,763,000 | 0.36% |
| Johnson Johnson |
11.84%
5,675
|
$895,815,000 | 0.36% |
| Novartis AG |
10.09%
7,997
|
$891,461,000 | 0.36% |
| Abbvie Inc |
36.00%
4,760
|
$882,066,000 | 0.35% |
| Enterprise Prods Partners L |
13.73%
29,753
|
$858,676,000 | 0.34% |
| Alphabet Inc |
1.15%
6,262
|
$1,076,676,000 | 0.43% |
| Invesco Exch Traded Fd Tr Ii |
1.96%
4,006
|
$776,207,000 | 0.31% |
| Home Depot, Inc. |
13.32%
1,965
|
$723,276,000 | 0.29% |
| Lockheed Martin Corp. |
13.66%
1,273
|
$690,030,000 | 0.27% |
| Broadcom Inc |
902.93%
4,112
|
$660,675,000 | 0.26% |
| Walmart Inc |
3.53%
9,475
|
$650,334,000 | 0.26% |
| Autozone Inc. |
15.08%
206
|
$645,540,000 | 0.26% |
| Costco Whsl Corp New |
6.59%
776
|
$637,525,000 | 0.25% |
| Meta Platforms Inc |
69.57%
1,343
|
$637,468,000 | 0.25% |
| Moodys Corp |
13.55%
1,383
|
$631,505,000 | 0.25% |
| Procter And Gamble Co |
11.01%
3,842
|
$617,577,000 | 0.25% |
| Lowes Cos Inc |
15.37%
2,500
|
$613,803,000 | 0.24% |
| Sp Global Inc |
15.14%
1,255
|
$608,356,000 | 0.24% |
| Coca-Cola Co |
14.76%
9,113
|
$608,234,000 | 0.24% |
| Unilever plc |
13.85%
9,637
|
$591,742,000 | 0.24% |
| American Elec Pwr Co Inc |
3.32%
5,740
|
$563,215,000 | 0.22% |
| Tjx Cos Inc New |
Opened
4,940
|
$558,315,000 | 0.22% |
| Invesco Exchange Traded Fd T |
0.18%
8,176
|
$528,185,000 | 0.21% |
| Eog Res Inc |
23.41%
4,044
|
$512,789,000 | 0.20% |
| Conocophillips |
1.65%
4,488
|
$499,051,000 | 0.20% |
| Paccar Inc. |
20.72%
5,040
|
$497,223,000 | 0.20% |
| Old Dominion Freight Line In |
Opened
2,347
|
$493,292,000 | 0.20% |
| Copart, Inc. |
25.05%
9,360
|
$489,809,000 | 0.20% |
| Northrop Grumman Corp. |
Closed
963
|
$466,985,000 | |
| Phillips Edison Co Inc |
6.61%
13,082
|
$459,172,000 | 0.18% |
| Chevron Corp. |
0.68%
2,627
|
$421,632,000 | 0.17% |
| Vanguard World Fd |
0.07%
1,475
|
$405,240,000 | 0.16% |
| Hershey Company |
5.09%
2,034
|
$401,592,000 | 0.16% |
| Abbott Labs |
Closed
3,582
|
$379,584,000 | |
| J P Morgan Exchange Traded F |
89.72%
7,241
|
$368,491,000 | 0.15% |
| Victory Portfolios II |
Opened
11,746
|
$330,774,000 | 0.13% |
| Rockwell Automation Inc |
0.53%
941
|
$262,184,000 | 0.10% |
| Proshares Tr |
0.47%
2,568
|
$259,603,000 | 0.10% |
| Shell Plc |
0.46%
3,303
|
$241,817,000 | 0.10% |
| Grayscale Bitcoin Tr Btc |
2.05%
3,970
|
$206,718,000 | 0.08% |
| No transactions found | |||
| Showing first 500 out of 76 holdings | |||
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