Spectrum Alliance Ltd 13F annual report

Spectrum Alliance Ltd is an investment fund managing more than $279 billion ran by Rick Boone. There are currently 14 companies in Mr. Boone’s portfolio. The largest investments include Qualcomm and Bank America Corp, together worth $96.7 billion.

$279 billion Assets Under Management (AUM)

As of 12th July 2024, Spectrum Alliance Ltd’s top holding is 258,171 shares of Qualcomm currently worth over $51.4 billion and making up 18.4% of the portfolio value. Relative to the number of outstanding shares of Qualcomm, Spectrum Alliance Ltd owns more than approximately 0.1% of the company. In addition, the fund holds 1,137,353 shares of Bank America Corp worth $45.2 billion. The third-largest holding is Boeing Co worth $43 billion and the next is Citigroup Inc worth $35.4 billion, with 557,635 shares owned.

Currently, Spectrum Alliance Ltd's portfolio is worth at least $279 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 Spectrum Alliance Ltd

The Spectrum Alliance Ltd office and employees reside in Nicholasville, Kentucky. According to the last 13-F report filed with the SEC, Rick Boone serves as the Director of Operations at Spectrum Alliance Ltd.

Recent trades

In the most recent 13F filing, Spectrum Alliance Ltd revealed that it had opened a new position in GE Aerospace and bought 98,757 shares worth $15.7 billion. This means they effectively own approximately 0.1% of the company. GE Aerospace makes up 15.5% of the fund's Industrials sector allocation and has grown its share price by 44.5% in the past year.

The investment fund also strengthened its position in Bank America Corp by buying 19,309 additional shares. This makes their stake in Bank America Corp total 1,137,353 shares worth $45.2 billion.

On the other hand, there are companies that Spectrum Alliance Ltd is getting rid of from its portfolio. Spectrum Alliance Ltd closed its position in General Electric Co on 19th July 2024. It sold the previously owned 92,338 shares for $16.2 billion. Rick Boone also disclosed a decreased stake in Qualcomm by approximately 0.1%. This leaves the value of the investment at $51.4 billion and 258,171 shares.

One of the smaller hedge funds

The two most similar investment funds to Spectrum Alliance Ltd are Lejeune Puetz Investment Counsel and Ssi Investment Management. They manage $279 billion and $279 billion respectively.

Rick Boone investment strategy

Spectrum Alliance Ltd’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Industrials — making up 36.3% of the total portfolio value. The fund focuses on investments in the United States as 57.1% 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 57% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $327 billion.

The complete list of Spectrum Alliance Ltd trades based on 13F SEC filings

These positions were updated on July 19th 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
Qualcomm, Inc.	1.11% 258,171	$51,422,413,000	18.41%
Bank America Corp	1.73% 1,137,353	$45,232,526,000	16.19%
Boeing Co.	16.60% 236,375	$43,022,545,000	15.40%
Citigroup Inc	6.13% 557,635	$35,387,539,000	12.67%
Lockheed Martin Corp.	5.68% 60,334	$28,182,232,000	10.09%
General Electric Co	Closed 92,338	$16,208,123,000
GE Aerospace	Opened 98,757	$15,699,424,000	5.62%
Deere & Co.	3.13% 39,067	$14,596,502,000	5.22%
Schwab Charles Corp	1.30% 137,582	$10,138,413,000	3.63%
Vanguard Index Fds	0.52% 44,434	$9,688,389,000	3.47%
Micron Technology Inc.	444.37% 62,668	$8,242,668,000	2.95%
Marriott Intl Inc New	3.95% 30,507	$7,375,385,000	2.64%
Vanguard Scottsdale Fds	3.60% 109,900	$6,373,075,000	2.28%
Capital One Finl Corp	6.59% 27,041	$3,743,833,000	1.34%
Microsoft Corporation	8.94% 585	$261,466,000	0.09%
No transactions found
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