Legal Advantage Investments 13F annual report

Legal Advantage Investments is an investment fund managing more than $174 billion ran by David Spector. There are currently 92 companies in Mr. Spector’s portfolio. The largest investments include VSE and Fiserv, together worth $20.3 billion.

Limited to 30 biggest holdings

$174 billion Assets Under Management (AUM)

As of 4th July 2024, Legal Advantage Investments’s top holding is 134,538 shares of VSE currently worth over $11.9 billion and making up 6.8% of the portfolio value. Relative to the number of outstanding shares of VSE, Legal Advantage Investments owns more than approximately 0.1% of the company. In addition, the fund holds 56,287 shares of Fiserv worth $8.39 billion, whose value grew 9.2% in the past six months. The third-largest holding is Transdigm worth $8.05 billion and the next is Microsoft worth $6.87 billion, with 15,366 shares owned.

Currently, Legal Advantage Investments's portfolio is worth at least $174 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 Legal Advantage Investments

The Legal Advantage Investments office and employees reside in Los Altos Hills, California. According to the last 13-F report filed with the SEC, David Spector serves as the Chief Compliance Officer at Legal Advantage Investments.

Recent trades

In the most recent 13F filing, Legal Advantage Investments revealed that it had opened a new position in Palantir Technologies and bought 41,000 shares worth $1.04 billion. This means they effectively own approximately 0.1% of the company. Palantir Technologies makes up 1.9% of the fund's Technology sector allocation and has grown its share price by 66.1% in the past year.

The investment fund also strengthened its position in Palo Alto Networks Inc by buying 500 additional shares. This makes their stake in Palo Alto Networks Inc total 13,425 shares worth $4.55 billion. Palo Alto Networks Inc soared 34.7% in the past year.

On the other hand, there are companies that Legal Advantage Investments is getting rid of from its portfolio. Legal Advantage Investments closed its position in Shockwave Med Inc on 11th July 2024. It sold the previously owned 4,995 shares for $1.63 billion. David Spector also disclosed a decreased stake in VSE by 0.2%. This leaves the value of the investment at $11.9 billion and 134,538 shares.

One of the smallest hedge funds

The two most similar investment funds to Legal Advantage Investments are Alpine Peaks Capital, L.P. and Cerro Pacific Wealth Advisors. They manage $174 billion and $174 billion respectively.


David Spector investment strategy

Legal Advantage Investments’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Technology — making up 31.5% of the total portfolio value. The fund focuses on investments in the United States as 64.1% 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 65% of the total holdings value. On the other hand, small-cap stocks make up only 1.1% of the portfolio. The average market cap of the portfolio companies is close to $173 billion.

The complete list of Legal Advantage Investments trades based on 13F SEC filings

These positions were updated on July 11th 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
VSE Corp.
17.85%
134,538
$11,877,015,000 6.84%
Fiserv, Inc.
0.79%
56,287
$8,389,014,000 4.83%
Transdigm Group Incorporated
2.70%
6,301
$8,050,655,000 4.64%
Microsoft Corporation
No change
15,366
$6,867,842,000 3.96%
Adobe Inc
No change
11,078
$6,154,284,000 3.55%
Amazon.com Inc.
No change
29,275
$5,657,421,000 3.26%
Disney Walt Co
No change
54,803
$5,441,351,000 3.13%
Tyler Technologies, Inc.
No change
10,173
$5,114,618,000 2.95%
Intuit Inc
No change
7,553
$4,963,782,000 2.86%
Schwab Charles Corp
4.33%
61,800
$4,554,042,000 2.62%
Palo Alto Networks Inc
3.87%
13,425
$4,551,209,000 2.62%
Thermo Fisher Scientific Inc.
No change
8,199
$4,533,846,000 2.61%
Vanguard Index Fds
No change
14,322
$3,831,278,000 2.21%
Veeva Sys Inc
No change
20,840
$3,813,928,000 2.20%
Applied Matls Inc
No change
14,781
$3,488,260,000 2.01%
Boeing Co.
0.21%
18,571
$3,380,059,000 1.95%
Northrop Grumman Corp.
1.19%
6,641
$2,895,144,000 1.67%
Oracle Corp.
No change
20,262
$2,861,056,000 1.65%
NVIDIA Corp
1,122.69%
23,060
$2,848,832,000 1.64%
Meta Platforms Inc
1.16%
5,600
$2,823,632,000 1.63%
Elbit Sys Ltd
No change
15,722
$2,777,039,000 1.60%
Henry Schein Inc.
2.06%
42,840
$2,746,044,000 1.58%
Idexx Labs Inc
No change
4,990
$2,431,128,000 1.40%
Apple Inc
No change
11,537
$2,429,923,000 1.40%
Netflix Inc.
No change
3,427
$2,312,557,000 1.33%
MercadoLibre Inc
1.48%
1,371
$2,253,101,000 1.30%
Asml Holding N V
20.53%
2,202
$2,252,051,000 1.30%
SS&C Technologies Holdings Inc
0.70%
35,312
$2,213,004,000 1.27%
RTX Corp
1.08%
21,356
$2,143,911,000 1.24%
Moog Inc.
1.58%
12,490
$2,089,577,000 1.20%
Spdr Ser Tr
1.86%
21,115
$1,957,594,000 1.13%
Analog Devices Inc.
No change
7,328
$1,672,689,000 0.96%
Shockwave Med Inc
Closed
4,995
$1,626,522,000
Lockheed Martin Corp.
No change
3,470
$1,620,837,000 0.93%
Shopify Inc
No change
24,510
$1,618,886,000 0.93%
Fidelity National Financial Inc
0.64%
31,180
$1,540,916,000 0.89%
Ulta Beauty Inc
3.26%
3,855
$1,487,529,000 0.86%
Alphabet Inc
No change
12,100
$2,214,175,000 1.28%
Salesforce Inc
0.45%
5,546
$1,425,877,000 0.82%
Block Inc
0.24%
20,560
$1,325,914,000 0.76%
Taiwan Semiconductor Mfg Ltd
No change
7,610
$1,322,694,000 0.76%
L3Harris Technologies Inc
No change
5,517
$1,239,093,000 0.71%
Trane Technologies plc
10.01%
3,598
$1,183,490,000 0.68%
Zoetis Inc
No change
6,825
$1,183,182,000 0.68%
Comcast Corp New
3.26%
29,698
$1,162,974,000 0.67%
JPMorgan Chase & Co.
No change
5,703
$1,153,489,000 0.66%
Mastercard Incorporated
No change
2,400
$1,058,784,000 0.61%
Zimmer Biomet Holdings Inc
No change
9,739
$1,056,970,000 0.61%
Palantir Technologies Inc.
Opened
41,000
$1,038,530,000 0.60%
Sprout Social, Inc.
52.70%
28,975
$1,033,828,000 0.60%
Bio-Techne Corp
No change
13,235
$948,288,000 0.55%
Vertex Pharmaceuticals, Inc.
No change
1,830
$857,758,000 0.49%
Visa Inc
No change
3,250
$853,028,000 0.49%
KLA Corp.
No change
1,000
$824,510,000 0.47%
Fortune Brands Innovations I
Opened
12,000
$779,280,000 0.45%
General Dynamics Corp.
No change
2,600
$754,364,000 0.43%
Fedex Corp
Closed
2,530
$733,042,000
Mckesson Corporation
No change
1,231
$719,006,000 0.41%
Airbnb, Inc.
Closed
4,283
$706,453,000
Zscaler Inc
75.00%
3,500
$672,665,000 0.39%
American Express Co.
No change
2,900
$671,495,000 0.39%
AMGEN Inc.
0.24%
2,130
$665,518,000 0.38%
Semler Scientific Inc
Closed
22,219
$649,017,000
PTC Inc
No change
3,500
$635,845,000 0.37%
Fidelity Natl Information Sv
No change
8,400
$633,024,000 0.36%
Berkshire Hathaway Inc.
No change
501
$815,641,000 0.47%
International Business Machs
3.51%
3,484
$602,558,000 0.35%
Illumina Inc
Closed
4,305
$591,163,000
Willis Towers Watson Plc Ltd
No change
2,215
$580,640,000 0.33%
Bhp Group Ltd
No change
10,118
$577,658,000 0.33%
Inmode Ltd
0.64%
30,820
$562,157,000 0.32%
Chegg Inc
Closed
73,000
$552,610,000
CyberArk Software Ltd
No change
2,000
$546,840,000 0.32%
Lam Research Corp.
No change
500
$532,425,000 0.31%
Genedx Holdings Corp
Opened
19,800
$517,572,000 0.30%
Walmart Inc
No change
7,500
$507,825,000 0.29%
NICE Ltd
195.00%
2,950
$507,312,000 0.29%
Merck & Co Inc
No change
4,000
$495,200,000 0.29%
Crowdstrike Holdings Inc
Closed
1,470
$471,267,000
ON Semiconductor Corp.
9.03%
6,550
$449,002,000 0.26%
Chubb Limited
No change
1,750
$446,390,000 0.26%
D.R. Horton Inc.
No change
3,075
$433,360,000 0.25%
Alibaba Group Hldg Ltd
No change
5,450
$392,400,000 0.23%
Rio Tinto plc
No change
5,700
$375,801,000 0.22%
EBay Inc.
No change
6,650
$357,238,000 0.21%
Aflac Inc.
No change
3,800
$339,378,000 0.20%
Astrazeneca plc
No change
4,350
$339,256,000 0.20%
Pulte Group Inc
No change
3,020
$332,502,000 0.19%
Fiverr Intl Ltd
No change
14,000
$328,020,000 0.19%
Schrodinger, Inc.
0.88%
16,955
$327,910,000 0.19%
Insperity Inc
No change
3,250
$296,432,000 0.17%
DocuSign Inc
Closed
4,965
$295,666,000
Model N Inc
Closed
10,100
$287,547,000
JFrog Ltd
50.00%
7,500
$281,625,000 0.16%
Snowflake Inc.
33.33%
2,000
$270,180,000 0.16%
Mcdonalds Corp
Closed
900
$253,755,000
Johnson & Johnson
No change
1,673
$244,526,000 0.14%
Ge Healthcare Technologies I
No change
3,030
$236,098,000 0.14%
Lowes Cos Inc
Closed
898
$228,748,000
Century Cmntys Inc
No change
2,650
$216,399,000 0.12%
Okta Inc
Closed
2,000
$209,240,000
Lennar Corp.
No change
1,500
$209,145,000 0.12%
Travelers Companies Inc.
No change
1,000
$203,340,000 0.12%
Medtronic Plc
No change
2,546
$200,396,000 0.12%
Baidu Inc
Closed
1,900
$200,032,000
No transactions found
Showing first 500 out of 105 holdings