Lipe & Dalton 13F annual report

Lipe & Dalton is an investment fund managing more than $186 million ran by Willard Lipe. There are currently 98 companies in Mr. Lipe’s portfolio. The largest investments include Apple Inc and Alphabet Inc Cap Stock Cl C, together worth $27.6 million.

Limited to 30 biggest holdings

$186 million Assets Under Management (AUM)

As of 26th July 2024, Lipe & Dalton’s top holding is 77,774 shares of Apple Inc currently worth over $16.4 million and making up 8.8% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Lipe & Dalton owns more than approximately 0.1% of the company. In addition, the fund holds 61,025 shares of Alphabet Inc Cap Stock Cl C worth $11.2 million. The third-largest holding is Goldman Sachs worth $7.79 million and the next is Oneok worth $6.13 million, with 75,112 shares owned.

Currently, Lipe & Dalton's portfolio is worth at least $186 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 Lipe & Dalton

The Lipe & Dalton office and employees reside in Syracuse, New York. According to the last 13-F report filed with the SEC, Willard Lipe serves as the CCO at Lipe & Dalton.

Recent trades

In the most recent 13F filing, Lipe & Dalton revealed that it had opened a new position in Mosaic and bought 123,585 shares worth $3.57 million. This means they effectively own approximately 0.1% of the company. Mosaic makes up 40.4% of the fund's Materials sector allocation and has decreased its share price by 29.1% in the past year.

The investment fund also strengthened its position in BorgWarner Inc by buying 9,990 additional shares. This makes their stake in BorgWarner Inc total 80,735 shares worth $2.6 million. BorgWarner Inc dropped 20.8% in the past year.

On the other hand, there are companies that Lipe & Dalton is getting rid of from its portfolio. Lipe & Dalton closed its position in Leidos Inc on 2nd August 2024. It sold the previously owned 47,599 shares for $6.24 million. Willard Lipe also disclosed a decreased stake in Apple Inc by approximately 0.1%. This leaves the value of the investment at $16.4 million and 77,774 shares.

One of the smallest hedge funds

The two most similar investment funds to Lipe & Dalton are Iyo Bank and Rudd International. They manage $187 million and $187 million respectively.


Willard Lipe investment strategy

Lipe & Dalton’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Health Care — making up 14.0% of the total portfolio value. The fund focuses on investments in the United States as 62.2% 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 59% of the total holdings value. On the other hand, small-cap stocks make up only 1.0% of the portfolio. The average market cap of the portfolio companies is close to $196 billion.

The complete list of Lipe & Dalton trades based on 13F SEC filings

These positions were updated on August 2nd 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
3.93%
77,774
$16,381,000 8.81%
Alphabet Inc Cap Stock Cl C
3.57%
61,025
$11,193,000 6.02%
Goldman Sachs Group, Inc.
3.00%
17,228
$7,793,000 4.19%
Leidos Holdings Inc
Closed
47,599
$6,240,000
Oneok Inc.
3.81%
75,112
$6,125,000 3.29%
Boeing Co.
6.36%
31,781
$5,784,000 3.11%
Te Connectivity Ltd Reg
1.24%
37,948
$5,709,000 3.07%
Danaher Corp.
3.24%
21,649
$5,409,000 2.91%
Brookfield Corp Cl A
3.12%
127,664
$5,303,000 2.85%
Kraft Heinz Co
0.64%
155,909
$5,023,000 2.70%
Rockwell Automation Inc
3.01%
17,563
$4,835,000 2.60%
Emerson Electric Co.
2.07%
43,130
$4,751,000 2.56%
Abbvie Inc
3.15%
25,585
$4,388,000 2.36%
Canadian Imperial Bank Comm To
3.66%
87,320
$4,151,000 2.23%
Yum Brands Inc.
4.55%
29,587
$3,919,000 2.11%
Eaton Corp Plc
1.00%
11,912
$3,735,000 2.01%
Lyondellbasell Industries Nv A
2.91%
38,470
$3,680,000 1.98%
Mosaic Company
Opened
123,585
$3,572,000 1.92%
Henry Jack Assoc Inc
3.26%
19,740
$3,277,000 1.76%
Microsoft Corporation
0.72%
6,933
$3,099,000 1.67%
Intel Corp.
3.27%
95,954
$2,972,000 1.60%
Deere Co
5.62%
7,874
$2,942,000 1.58%
Ball Corp.
5.17%
47,898
$2,875,000 1.55%
Rtx Corporation Com
5.47%
28,334
$2,844,000 1.53%
AMGEN Inc.
3.63%
9,016
$2,817,000 1.52%
Morgan Stanley
0.73%
27,020
$2,626,000 1.41%
BorgWarner Inc
14.12%
80,735
$2,603,000 1.40%
Martin Marietta Materials, Inc.
6.95%
4,415
$2,392,000 1.29%
Bristol-Myers Squibb Co.
2.61%
57,151
$2,373,000 1.28%
Vertex Pharmaceuticals, Inc.
1.83%
5,041
$2,363,000 1.27%
Visa Inc
1.57%
8,862
$2,326,000 1.25%
Qualcomm, Inc.
No change
11,257
$2,242,000 1.21%
Vector Group Ltd
4.49%
211,880
$2,240,000 1.20%
Lockheed Martin Corp.
4.63%
4,630
$2,163,000 1.16%
Amazon.com Inc.
0.73%
10,723
$2,072,000 1.11%
TC Energy Corporation
22.58%
54,077
$2,050,000 1.10%
Cigna Group (The)
0.51%
6,030
$1,993,000 1.07%
Brookfield Asset Managmt Ltd C
1.54%
49,844
$1,897,000 1.02%
CVS Health Corp
4.65%
26,950
$1,592,000 0.86%
Jacobs Solutions Inc
7.97%
11,374
$1,589,000 0.85%
Merck Co Inc
0.02%
11,929
$1,477,000 0.79%
Zoetis Inc
52.51%
8,452
$1,465,000 0.79%
Meta Platforms Inc
8.67%
2,820
$1,422,000 0.76%
Constellation Brands Inc
2.31%
5,283
$1,359,000 0.73%
Carrier Global Corporation
0.39%
19,106
$1,205,000 0.65%
Oracle Corp.
7.05%
8,441
$1,192,000 0.64%
Johnson Johnson
3.84%
8,143
$1,190,000 0.64%
Cooper Cos Inc
0.36%
13,489
$1,178,000 0.63%
Moderna Inc
6.24%
9,842
$1,169,000 0.63%
NVIDIA Corp
918.89%
9,170
$1,133,000 0.61%
Kenvue Inc
56.82%
61,053
$1,110,000 0.60%
Medtronic Plc
5.44%
13,770
$1,084,000 0.58%
Hershey Company
0.04%
5,592
$1,028,000 0.55%
Intercontinental Exchange Inc
20.05%
7,366
$1,008,000 0.54%
Wells Fargo Co
1.03%
16,468
$978,000 0.53%
Liberty Media Corp Com Lbty Sr
0.23%
43,350
$960,000 0.52%
Ge Healthcare Technologies Inc
0.36%
11,405
$889,000 0.48%
Verizon Communications Inc
No change
17,083
$704,000 0.38%
Veralto Corp
3.20%
7,188
$686,000 0.37%
Apa Corporation Com
10.87%
22,310
$657,000 0.35%
Dennys Corp
7.63%
85,756
$609,000 0.33%
Fortive Corp
4.31%
6,790
$503,000 0.27%
Kroger Co.
No change
10,000
$499,000 0.27%
Mcdonalds Corp
No change
1,843
$470,000 0.25%
Baxter International Inc.
3.03%
12,780
$427,000 0.23%
Pepsico Inc
5.70%
2,515
$415,000 0.22%
Mastercard Incorporated
1.89%
917
$405,000 0.22%
Exact Sciences Corp.
24.07%
9,020
$381,000 0.20%
Procter And Gamble Co
No change
2,214
$365,000 0.20%
Jpmorgan Chase Co
No change
1,800
$364,000 0.20%
BCE Inc
Closed
10,550
$358,000
Palo Alto Networks Inc
No change
1,000
$339,000 0.18%
Home Depot, Inc.
No change
970
$334,000 0.18%
Exxon Mobil Corp.
52.33%
2,483
$286,000 0.15%
Regeneron Pharmaceuticals, Inc.
No change
269
$283,000 0.15%
Stanley Black Decker Inc
8.10%
3,382
$270,000 0.15%
Kla-tencor Corp
No change
300
$247,000 0.13%
Berkshire Hathaway Inc.
No change
605
$246,000 0.13%
Cisco Systems, Inc.
No change
4,759
$226,000 0.12%
Adobe Inc
No change
400
$222,000 0.12%
Abbott Laboratories
1.69%
1,980
$206,000 0.11%
Community Bk Sys Inc Com
No change
4,309
$203,000 0.11%
Disney Walt Co Disney
27.55%
1,841
$183,000 0.10%
Alphabet Inc Cap Stock Cl A
5.96%
978
$178,000 0.10%
Broadcom Inc
No change
105
$169,000 0.09%
Lowes Cos Inc
No change
600
$132,000 0.07%
Mobileye Global Inc Common Cla
6.98%
4,600
$129,000 0.07%
Netflix Inc.
No change
190
$128,000 0.07%
Mondelez International Inc.
4.30%
1,871
$122,000 0.07%
Coca-Cola Co
No change
1,800
$115,000 0.06%
Conocophillips
Closed
864
$110,000
Winnebago Industries, Inc.
No change
2,000
$108,000 0.06%
Phillips 66
Closed
532
$87,000
Advanced Micro Devices Inc.
No change
470
$76,000 0.04%
Accenture Plc Ireland Class A
No change
230
$70,000 0.04%
Pfizer Inc.
18.12%
2,259
$63,000 0.03%
General Mills, Inc.
Closed
806
$56,000
Lilly Eli Co
No change
56
$51,000 0.03%
Wal-mart Stores Inc
No change
660
$45,000 0.02%
Duke Energy Corp.
No change
343
$34,000 0.02%
Chevron Corp.
23.86%
150
$23,000 0.01%
Nucor Corp.
Closed
100
$20,000
Intl Business Machines
Closed
100
$19,000
Union Pacific Corp.
No change
75
$17,000 0.01%
Roper Technologies Inc
Closed
25
$14,000
Bank N S Halifax
Closed
125
$6,000
Vertical Computer Systems Inc
No change
20,000
$0 0.00%
No transactions found
Showing first 500 out of 107 holdings