Monroe Bank & Trust/mi 13F annual report
Monroe Bank & Trust/mi is an investment fund managing more than $299 million ran by Brad Reynolds. There are currently 79 companies in Mr. Reynolds’s portfolio. The largest investments include Ishares Tr and Vanguard Bd Index Fd Inc, together worth $178 million.
$299 million Assets Under Management (AUM)
As of 7th October 2020, Monroe Bank & Trust/mi’s top holding is 1,566,761 shares of Ishares Tr currently worth over $164 million and making up 55.0% of the portfolio value.
In addition, the fund holds 163,437 shares of Vanguard Bd Index Fd Inc worth $14.1 million.
The third-largest holding is Invesco Actively Managd Etf worth $12.3 million and the next is Spdr Series Trust worth $7.48 million, with 258,800 shares owned.
Currently, Monroe Bank & Trust/mi's portfolio is worth at least $299 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 Monroe Bank & Trust/mi
The Monroe Bank & Trust/mi office and employees reside in Monroe, Michigan. According to the last 13-F report filed with the SEC, Brad Reynolds serves as the Senior Vice President at Monroe Bank & Trust/mi.
Recent trades
In the most recent 13F filing, Monroe Bank & Trust/mi revealed that it had opened a new position in
Spdr Series Trust and bought 55,638 shares worth $6.06 million.
The investment fund also strengthened its position in Ishares Tr by buying
40,301 additional shares.
This makes their stake in Ishares Tr total 1,566,761 shares worth $164 million.
On the other hand, there are companies that Monroe Bank & Trust/mi is getting rid of from its portfolio.
Monroe Bank & Trust/mi closed its position in Spdr Series Trust on 29th July 2019.
It sold the previously owned 176,412 shares for $6.35 million.
Brad Reynolds also disclosed a decreased stake in Vanguard Bd Index Fd Inc by approximately 0.1%.
This leaves the value of the investment at $14.1 million and 163,437 shares.
One of the smaller hedge funds
The two most similar investment funds to Monroe Bank & Trust/mi are Fulcrum Asset Management LL.P. and Carderock Capital Management Inc. They manage $298 million and $298 million respectively.
Brad Reynolds investment strategy
Monroe Bank & Trust/mi’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 3.6% of
the total portfolio value.
The fund focuses on investments in the United States as
57.0% 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
42% of the total holdings value.
On the other hand, small-cap stocks make up only 2.5% of the portfolio.
The average market cap of the portfolio companies is close to $238 billion.
The complete list of Monroe Bank & Trust/mi trades based on 13F SEC filings
These positions were updated on July 29th 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 |
|---|---|---|---|
| Ishares Tr |
2.64%
1,566,761
|
$164,296,000 | 55.03% |
| Vanguard Bd Index Fd Inc |
5.30%
163,437
|
$14,137,000 | 4.73% |
| Invesco Actively Managd Etf |
3.31%
244,128
|
$12,297,000 | 4.12% |
| Spdr Series Trust |
7.09%
258,800
|
$7,484,000 | 2.51% |
| Vanguard Whitehall Fds Inc |
16.03%
83,706
|
$7,314,000 | 2.45% |
| Spdr Series Trust |
Closed
176,412
|
$6,346,000 | |
| Spdr Series Trust |
Opened
55,638
|
$6,061,000 | 2.03% |
| Select Sector Spdr Tr |
8.50%
344,261
|
$20,971,000 | 7.02% |
| Vanguard Index Fds |
14.96%
33,896
|
$2,963,000 | 0.99% |
| Microsoft Corp. |
7.12%
18,955
|
$2,539,000 | 0.85% |
| Apple, Inc. |
7.16%
10,211
|
$2,021,000 | 0.68% |
| La-Z-Boy, Inc. |
4.04%
63,048
|
$1,933,000 | 0.65% |
| Omnicell, Inc. |
13.48%
22,447
|
$1,931,000 | 0.65% |
| First Tr Energy Income & Grw |
10.60%
83,380
|
$1,861,000 | 0.62% |
| Pepsico Inc |
10.11%
13,584
|
$1,781,000 | 0.60% |
| MarketAxess Holdings, Inc. |
12.77%
5,499
|
$1,767,000 | 0.59% |
| Masimo Corp. |
14.05%
10,827
|
$1,611,000 | 0.54% |
| Hexcel Corp. |
9.71%
19,667
|
$1,591,000 | 0.53% |
| JPMorgan Chase & Co. |
9.42%
13,682
|
$1,530,000 | 0.51% |
| Mcdonalds Corp |
6.05%
7,157
|
$1,486,000 | 0.50% |
| Snap-On, Inc. |
7.88%
8,797
|
$1,457,000 | 0.49% |
| AT&T Inc. |
7.44%
42,954
|
$1,439,000 | 0.48% |
| Danaher Corp. |
10.12%
9,905
|
$1,416,000 | 0.47% |
| Pfizer Inc. |
12.30%
32,244
|
$1,397,000 | 0.47% |
| Pool Corp. |
14.73%
7,110
|
$1,358,000 | 0.45% |
| Exxon Mobil Corp. |
8.35%
17,687
|
$1,355,000 | 0.45% |
| Procter And Gamble Co |
4.07%
12,310
|
$1,350,000 | 0.45% |
| Verizon Communications, Inc. |
9.60%
23,561
|
$1,346,000 | 0.45% |
| Bancfirst Corp |
10.43%
23,947
|
$1,333,000 | 0.45% |
| Amazon.com, Inc. |
3.76%
692
|
$1,310,000 | 0.44% |
| The Toro Co. |
11.98%
18,972
|
$1,269,000 | 0.43% |
| Johnson & Johnson |
8.19%
8,944
|
$1,246,000 | 0.42% |
| Chefs Whse Inc |
11.03%
34,040
|
$1,194,000 | 0.40% |
| Schwab Strategic Tr |
89.77%
21,409
|
$1,177,000 | 0.39% |
| Chevron Corp. |
7.14%
9,220
|
$1,147,000 | 0.38% |
| SiteOne Landscape Supply, Inc. |
10.71%
16,416
|
$1,138,000 | 0.38% |
| Waste Mgmt Inc Del |
7.47%
9,407
|
$1,085,000 | 0.36% |
| Leggett & Platt, Inc. |
14.64%
27,983
|
$1,074,000 | 0.36% |
| Helmerich & Payne, Inc. |
8.97%
20,906
|
$1,058,000 | 0.35% |
| Sleep Number Corp. |
10.66%
24,501
|
$990,000 | 0.33% |
| Charles Riv Labs Intl Inc |
Opened
6,881
|
$976,000 | 0.33% |
| Altria Group, Inc. |
3.35%
20,042
|
$949,000 | 0.32% |
| Berkshire Hathaway Inc. |
11.20%
3,916
|
$835,000 | 0.28% |
| Intel Corp. |
2.38%
17,287
|
$828,000 | 0.28% |
| Genuine Parts Co. |
7.30%
7,973
|
$826,000 | 0.28% |
| American Elec Pwr Co Inc |
10.95%
8,868
|
$780,000 | 0.26% |
| Wells Fargo Co New |
9.91%
14,859
|
$703,000 | 0.24% |
| Lockheed Martin Corp. |
6.65%
1,868
|
$679,000 | 0.23% |
| National Vision Holdings, Inc. |
9.08%
21,729
|
$668,000 | 0.22% |
| Alphabet, Inc. |
14.88%
589
|
$638,000 | 0.21% |
| Illinois Tool Wks Inc |
0.62%
4,176
|
$630,000 | 0.21% |
| CenterPoint Energy, Inc. |
3.60%
21,296
|
$610,000 | 0.20% |
| Automatic Data Processing In |
10.41%
3,555
|
$588,000 | 0.20% |
| Philip Morris International, Inc. |
5.31%
6,809
|
$535,000 | 0.18% |
| Kimberly-Clark Corp. |
14.94%
3,815
|
$508,000 | 0.17% |
| The Coca-Cola Co. |
No change
9,882
|
$503,000 | 0.17% |
| Texas Instrs Inc |
15.96%
4,098
|
$470,000 | 0.16% |
| Core Laboratories N V |
8.52%
8,845
|
$462,000 | 0.15% |
| Lyondellbasell Industries N |
0.37%
4,673
|
$402,000 | 0.13% |
| Dowdupont Inc |
Closed
7,188
|
$383,000 | |
| United Technologies Corp |
11.58%
2,910
|
$379,000 | 0.13% |
| United Parcel Service, Inc. |
6.18%
3,537
|
$365,000 | 0.12% |
| Royal Dutch Shell PLC |
1.70%
5,608
|
$365,000 | 0.12% |
| Fortive Corp. |
8.99%
4,424
|
$361,000 | 0.12% |
| DTE Energy Co. |
No change
2,526
|
$323,000 | 0.11% |
| Cisco Sys Inc |
No change
5,810
|
$318,000 | 0.11% |
| Bank Amer Corp |
14.55%
9,619
|
$279,000 | 0.09% |
| NIKE, Inc. |
No change
3,271
|
$275,000 | 0.09% |
| The Home Depot, Inc. |
6.29%
1,266
|
$263,000 | 0.09% |
| Hancock John Pfd Income Fd |
No change
11,165
|
$259,000 | 0.09% |
| Lilly Eli & Co |
No change
2,332
|
$258,000 | 0.09% |
| Facebook, Inc. |
18.95%
1,300
|
$251,000 | 0.08% |
| General Mls Inc |
8.43%
4,777
|
$251,000 | 0.08% |
| Evergy, Inc. |
No change
4,120
|
$248,000 | 0.08% |
| UnitedHealth Group, Inc. |
No change
995
|
$243,000 | 0.08% |
| Welltower, Inc. |
No change
2,808
|
$229,000 | 0.08% |
| Visa, Inc. |
Opened
1,260
|
$219,000 | 0.07% |
| Norfolk Southern Corp. |
19.71%
1,067
|
$213,000 | 0.07% |
| Ishares Tr |
Closed
6,451
|
$408,000 | |
| Gabelli Equity Tr Inc |
No change
11,840
|
$73,000 | 0.02% |
| Gamco Global Gold Nat Res & |
No change
11,990
|
$55,000 | 0.02% |
| Credit Suisse High Yld Bnd F |
No change
17,759
|
$44,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 82 holdings | |||
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