44 Wealth Management 13F annual report
44 Wealth Management is an investment fund managing more than $295 billion ran by Michelle Eldridge. There are currently 171 companies in Mrs. Eldridge’s portfolio. The largest investments include Nike and Microsoft, together worth $52.4 billion.
$295 billion Assets Under Management (AUM)
As of 13th April 2023, 44 Wealth Management’s top holding is 339,350 shares of Nike currently worth over $41.6 billion and making up 14.1% of the portfolio value.
Relative to the number of outstanding shares of Nike, 44 Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 37,380 shares of Microsoft worth $10.8 billion, whose value grew 22.1% in the past six months.
The third-largest holding is NextEra Inc worth $9.11 billion and the next is AES worth $6.8 billion, with 282,574 shares owned.
Currently, 44 Wealth Management's portfolio is worth at least $295 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 44 Wealth Management
The 44 Wealth Management office and employees reside in Eugene, Oregon. According to the last 13-F report filed with the SEC, Michelle Eldridge serves as the SR. COMPLIANCE OFFICER at 44 Wealth Management.
Recent trades
In the most recent 13F filing, 44 Wealth Management revealed that it had opened a new position in
NRG and bought 186,052 shares worth $6.38 billion.
This means they effectively own approximately 0.1% of the company.
NRG makes up
9.8%
of the fund's Utilities sector allocation and has decreased its share price by 15.6% in the past year.
The investment fund also strengthened its position in Nike by buying
29 additional shares.
This makes their stake in Nike total 339,350 shares worth $41.6 billion.
Nike dropped 7.5% in the past year.
On the other hand, there are companies that 44 Wealth Management is getting rid of from its portfolio.
44 Wealth Management closed its position in Evergy Inc on 20th April 2023.
It sold the previously owned 96,190 shares for $6.05 billion.
Michelle Eldridge also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $5.05 billion and 30,596 shares.
One of the average hedge funds
The two most similar investment funds to 44 Wealth Management are Mitchell Mcleod Pugh & Williams Inc and Cutter & Co Brokerage. They manage $296 billion and $296 billion respectively.
Michelle Eldridge investment strategy
44 Wealth Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Utilities — making up 22.0% of
the total portfolio value.
The fund focuses on investments in the United States as
56.7% 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
56% of the total holdings value.
On the other hand, small-cap stocks make up only 0.6% of the portfolio.
The average market cap of the portfolio companies is close to $146 billion.
The complete list of 44 Wealth Management trades based on 13F SEC filings
These positions were updated on April 20th 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 |
|---|---|---|---|
| Nike, Inc. |
0.01%
339,350
|
$41,617,891,000 | 14.09% |
| Microsoft Corporation |
1.31%
37,380
|
$10,776,577,000 | 3.65% |
| NextEra Energy Inc |
1.71%
118,194
|
$9,110,422,000 | 3.08% |
| AES Corp. |
2.13%
282,574
|
$6,804,385,000 | 2.30% |
| WEC Energy Group Inc |
2.48%
67,816
|
$6,428,291,000 | 2.18% |
| NRG Energy Inc. |
Opened
186,052
|
$6,379,737,000 | 2.16% |
| Entergy Corp. |
2.48%
58,948
|
$6,351,107,000 | 2.15% |
| Ameren Corp. |
2.54%
71,297
|
$6,159,320,000 | 2.08% |
| Atmos Energy Corp. |
2.48%
54,055
|
$6,073,592,000 | 2.06% |
| Evergy Inc |
Closed
96,190
|
$6,053,243,000 | |
| Xcel Energy Inc. |
Opened
87,455
|
$5,897,965,000 | 2.00% |
| Alliant Energy Corp. |
Opened
109,907
|
$5,869,034,000 | 1.99% |
| NiSource Inc |
2.83%
202,588
|
$5,664,360,000 | 1.92% |
| Portland Gen Elec Co |
Closed
105,454
|
$5,167,252,000 | |
| Apple Inc |
2.01%
30,596
|
$5,045,227,000 | 1.71% |
| Costco Whsl Corp New |
0.09%
10,113
|
$5,024,865,000 | 1.70% |
| Lockheed Martin Corp. |
3.22%
10,276
|
$4,857,553,000 | 1.64% |
| Kellogg Co |
3.78%
65,472
|
$4,384,030,000 | 1.48% |
| Coca-Cola Co |
3.89%
67,708
|
$4,199,951,000 | 1.42% |
| Cisco Sys Inc |
1.59%
71,893
|
$3,758,213,000 | 1.27% |
| Unilever plc |
5.33%
69,955
|
$3,632,742,000 | 1.23% |
| Pepsico Inc |
5.01%
18,625
|
$3,395,324,000 | 1.15% |
| Merck Co Inc |
4.79%
31,179
|
$3,317,134,000 | 1.12% |
| Pfizer Inc. |
4.75%
79,264
|
$3,233,989,000 | 1.09% |
| General Mls Inc |
5.77%
35,356
|
$3,021,524,000 | 1.02% |
| Asbury Automotive Group Inc |
1.85%
14,215
|
$2,985,150,000 | 1.01% |
| General Dynamics Corp. |
4.33%
12,894
|
$2,942,436,000 | 1.00% |
| Procter And Gamble Co |
6.24%
19,617
|
$2,916,793,000 | 0.99% |
| Texas Instrs Inc |
5.95%
15,641
|
$2,909,445,000 | 0.98% |
| United Parcel Service, Inc. |
6.06%
14,789
|
$2,868,962,000 | 0.97% |
| Air Prods Chems Inc |
5.63%
9,793
|
$2,812,648,000 | 0.95% |
| AMGEN Inc. |
5.86%
11,387
|
$2,752,734,000 | 0.93% |
| Allstate Corp (The) |
5.59%
23,770
|
$2,633,954,000 | 0.89% |
| Verizon Communications Inc |
7.41%
66,256
|
$2,576,713,000 | 0.87% |
| Home Depot, Inc. |
1.27%
8,677
|
$2,560,756,000 | 0.87% |
| General Mtrs Co |
0.67%
65,669
|
$2,408,734,000 | 0.82% |
| Mcdonalds Corp |
5.58%
8,237
|
$2,303,232,000 | 0.78% |
| United Rentals, Inc. |
0.03%
5,767
|
$2,282,348,000 | 0.77% |
| Lowes Cos Inc |
0.06%
11,326
|
$2,264,812,000 | 0.77% |
| Blackrock Res Commodities |
5.57%
227,900
|
$2,174,162,000 | 0.74% |
| CDW Corp |
0.04%
10,732
|
$2,091,559,000 | 0.71% |
| Public Storage |
6.33%
6,768
|
$2,044,929,000 | 0.69% |
| Chevron Corp. |
4.77%
11,903
|
$1,942,081,000 | 0.66% |
| Spdr Gold Tr |
7.30%
10,154
|
$1,860,349,000 | 0.63% |
| Medtronic Plc |
2.32%
22,546
|
$1,817,659,000 | 0.62% |
| Emerson Elec Co |
7.20%
20,809
|
$1,813,328,000 | 0.61% |
| Johnson Johnson |
2.17%
11,469
|
$1,777,689,000 | 0.60% |
| Crown Holdings, Inc. |
0.56%
20,171
|
$1,668,343,000 | 0.56% |
| Comcast Corp New |
2.01%
43,122
|
$1,634,755,000 | 0.55% |
| Walmart Inc |
0.20%
11,021
|
$1,625,071,000 | 0.55% |
| Lamb Weston Holdings Inc |
0.20%
14,729
|
$1,539,475,000 | 0.52% |
| Jpmorgan Chase Co |
8.82%
11,684
|
$1,522,542,000 | 0.52% |
| Mastercard Incorporated |
0.27%
4,153
|
$1,509,242,000 | 0.51% |
| Silgan Holdings Inc. |
0.20%
27,859
|
$1,495,193,000 | 0.51% |
| Northrop Grumman Corp. |
0.19%
3,192
|
$1,473,810,000 | 0.50% |
| Philip Morris International Inc |
39.18%
15,056
|
$1,464,196,000 | 0.50% |
| Tjx Cos Inc New |
0.22%
18,019
|
$1,411,969,000 | 0.48% |
| Hershey Company |
0.65%
5,443
|
$1,384,754,000 | 0.47% |
| Broadcom Inc. |
3.52%
2,060
|
$1,321,572,000 | 0.45% |
| C.H. Robinson Worldwide, Inc. |
0.24%
13,231
|
$1,314,764,000 | 0.44% |
| Owens Corning |
0.30%
13,581
|
$1,301,060,000 | 0.44% |
| Harley-Davidson, Inc. |
0.25%
34,073
|
$1,293,752,000 | 0.44% |
| Huntington Ingalls Inds Inc |
0.39%
6,182
|
$1,279,798,000 | 0.43% |
| Exxon Mobil Corp. |
12.74%
11,653
|
$1,277,864,000 | 0.43% |
| Goldman Sachs Group, Inc. |
0.47%
3,840
|
$1,256,102,000 | 0.43% |
| BP plc |
2.38%
32,515
|
$1,233,637,000 | 0.42% |
| Wells Fargo Co New |
3.47%
32,641
|
$1,220,121,000 | 0.41% |
| Marriott Intl Inc New |
0.39%
7,224
|
$1,199,473,000 | 0.41% |
| Starbucks Corp. |
3.08%
11,373
|
$1,184,270,000 | 0.40% |
| Citigroup Inc |
2.69%
24,910
|
$1,168,052,000 | 0.40% |
| Kraft Heinz Co |
34.73%
29,381
|
$1,136,166,000 | 0.38% |
| Intel Corp. |
2.92%
33,558
|
$1,096,342,000 | 0.37% |
| Cognizant Technology Solutio |
1.23%
16,725
|
$1,019,054,000 | 0.34% |
| Astrazeneca plc |
23.73%
14,257
|
$989,578,000 | 0.33% |
| Chesapeake Energy Corp. |
0.39%
12,799
|
$973,236,000 | 0.33% |
| Laboratory Corp Amer Hldgs |
3.73%
4,090
|
$938,328,000 | 0.32% |
| Berkshire Hathaway Inc. |
0.62%
1,456
|
$1,380,152,000 | 0.47% |
| Sanofi |
8.77%
16,625
|
$904,733,000 | 0.31% |
| Elevance Health Inc |
2.33%
1,928
|
$886,418,000 | 0.30% |
| Baxter International Inc. |
147.26%
21,151
|
$857,885,000 | 0.29% |
| First Ctzns Bancshares Inc N |
3.74%
860
|
$836,866,000 | 0.28% |
| Williams Cos Inc |
13.51%
27,252
|
$813,745,000 | 0.28% |
| Caterpillar Inc. |
1.90%
3,428
|
$784,464,000 | 0.27% |
| Ssc Technologies Hldgs Inc |
20.06%
13,636
|
$770,025,000 | 0.26% |
| Fidelity Natl Information Sv |
34.04%
14,125
|
$767,411,000 | 0.26% |
| Humana Inc. |
0.94%
1,577
|
$765,570,000 | 0.26% |
| American Intl Group Inc |
0.01%
15,196
|
$765,286,000 | 0.26% |
| Unitedhealth Group Inc |
15.44%
1,594
|
$753,308,000 | 0.25% |
| L3Harris Technologies Inc |
22.86%
3,832
|
$751,992,000 | 0.25% |
| Zimmer Biomet Holdings Inc |
12.60%
5,661
|
$731,401,000 | 0.25% |
| Tronox Holdings plc |
1.78%
48,325
|
$694,914,000 | 0.24% |
| Visa Inc |
13.40%
3,044
|
$686,270,000 | 0.23% |
| Dollar Gen Corp New |
73.35%
3,226
|
$678,944,000 | 0.23% |
| General Electric Co. |
0.59%
7,002
|
$669,374,000 | 0.23% |
| Cigna Group (The) |
1.63%
2,475
|
$632,464,000 | 0.21% |
| Leidos Holdings Inc |
18.09%
6,866
|
$632,084,000 | 0.21% |
| Amazon.com Inc. |
21.60%
6,024
|
$622,219,000 | 0.21% |
| Raytheon Technologies Corporation |
25.02%
6,083
|
$595,708,000 | 0.20% |
| Resmed Inc. |
No change
2,700
|
$591,273,000 | 0.20% |
| Altria Group Inc. |
25.68%
12,840
|
$572,936,000 | 0.19% |
| Alphabet Inc |
7.38%
8,573
|
$890,133,000 | 0.30% |
| Micron Technology Inc. |
10.63%
9,013
|
$543,844,000 | 0.18% |
| Novo-nordisk A S |
0.15%
3,384
|
$538,530,000 | 0.18% |
| Conocophillips |
33.64%
5,425
|
$538,214,000 | 0.18% |
| Marsh Mclennan Cos Inc |
0.62%
3,231
|
$538,123,000 | 0.18% |
| CVS Health Corp |
10.36%
7,149
|
$531,242,000 | 0.18% |
| Lilly Eli Co |
No change
1,538
|
$528,180,000 | 0.18% |
| Koninklijke Philips N.V. |
31.68%
28,485
|
$522,700,000 | 0.18% |
| Mondelez International Inc. |
30.08%
7,454
|
$519,693,000 | 0.18% |
| Asml Holding N V |
2.75%
746
|
$507,810,000 | 0.17% |
| Cardinal Health, Inc. |
0.27%
6,658
|
$502,679,000 | 0.17% |
| Sealed Air Corp. |
26.95%
10,887
|
$499,822,000 | 0.17% |
| British Amern Tob Plc |
66.48%
14,031
|
$492,782,000 | 0.17% |
| Fox Corporation |
3.06%
13,785
|
$469,379,000 | 0.16% |
| Shell Plc |
2.49%
8,141
|
$468,444,000 | 0.16% |
| Union Pac Corp |
38.41%
2,310
|
$464,911,000 | 0.16% |
| Schwab Charles Corp |
Closed
5,471
|
$455,515,000 | |
| Ppg Inds Inc |
2.46%
3,290
|
$439,478,000 | 0.15% |
| Hess Corporation |
0.40%
3,293
|
$435,796,000 | 0.15% |
| Willis Towers Watson Plc Ltd |
1.03%
1,830
|
$425,255,000 | 0.14% |
| Constellation Brands, Inc. |
No change
1,841
|
$415,863,000 | 0.14% |
| Sempra |
20.28%
2,701
|
$408,283,000 | 0.14% |
| Vanguard Index Fds |
Closed
2,862
|
$401,739,000 | |
| Schwab Strategic Tr |
5.49%
8,246
|
$398,859,000 | 0.13% |
| Fidelity National Financial Inc |
27.13%
11,378
|
$397,434,000 | 0.13% |
| Public Svc Enterprise Grp In |
1.31%
6,328
|
$395,184,000 | 0.13% |
| International Business Machs |
20.48%
2,967
|
$388,909,000 | 0.13% |
| Us Bancorp Del |
0.44%
10,719
|
$386,422,000 | 0.13% |
| RPM International, Inc. |
No change
4,409
|
$384,641,000 | 0.13% |
| Apollo Global Mgmt Inc |
33.31%
6,083
|
$384,202,000 | 0.13% |
| Boeing Co. |
1.67%
1,769
|
$375,789,000 | 0.13% |
| Att Inc |
39.45%
19,072
|
$367,136,000 | 0.12% |
| Automatic Data Processing In |
0.51%
1,586
|
$353,179,000 | 0.12% |
| CME Group Inc |
12.93%
1,773
|
$339,565,000 | 0.11% |
| Gallagher Arthur J Co |
0.11%
1,761
|
$336,897,000 | 0.11% |
| Yum Brands Inc. |
3.26%
2,550
|
$336,838,000 | 0.11% |
| Ishares U S Etf Tr |
No change
12,458
|
$336,740,000 | 0.11% |
| Amerisourcebergen Corp |
0.24%
2,078
|
$332,709,000 | 0.11% |
| Intercontinental Exchange In |
Opened
3,180
|
$331,642,000 | 0.11% |
| Lear Corp. |
Opened
2,333
|
$325,430,000 | 0.11% |
| Meta Platforms Inc |
Opened
1,534
|
$325,116,000 | 0.11% |
| Chubb Limited |
0.62%
1,624
|
$315,348,000 | 0.11% |
| Duke Energy Corp. |
No change
3,167
|
$305,520,000 | 0.10% |
| EQT Corp |
Opened
9,574
|
$305,506,000 | 0.10% |
| Capital One Finl Corp |
Closed
3,254
|
$302,492,000 | |
| Archer Daniels Midland Co. |
2.38%
3,772
|
$300,478,000 | 0.10% |
| Blackrock Inc. |
1.15%
441
|
$295,082,000 | 0.10% |
| Bank America Corp |
6.68%
10,225
|
$292,445,000 | 0.10% |
| Abbvie Inc |
4.34%
1,829
|
$291,488,000 | 0.10% |
| Gilead Sciences, Inc. |
2.25%
3,439
|
$285,334,000 | 0.10% |
| Ross Stores, Inc. |
49.78%
2,685
|
$284,959,000 | 0.10% |
| Darden Restaurants, Inc. |
0.98%
1,825
|
$283,167,000 | 0.10% |
| Activision Blizzard Inc |
1.91%
3,302
|
$282,618,000 | 0.10% |
| Mdu Res Group Inc |
0.67%
9,018
|
$274,855,000 | 0.09% |
| Equitable Holdings Inc |
Closed
9,518
|
$273,167,000 | |
| Capital Group Dividend Value |
Closed
11,526
|
$271,898,000 | |
| Rogers Communications Inc. |
4.32%
5,549
|
$257,252,000 | 0.09% |
| Linde Plc. |
Opened
711
|
$252,718,000 | 0.09% |
| Prudential plc |
0.77%
9,074
|
$248,083,000 | 0.08% |
| Honeywell International Inc |
1.01%
1,279
|
$244,442,000 | 0.08% |
| Sony Group Corporation |
Opened
2,661
|
$241,220,000 | 0.08% |
| Intuitive Surgical Inc |
1.08%
939
|
$239,886,000 | 0.08% |
| Raymond James Finl Inc |
0.24%
2,537
|
$236,626,000 | 0.08% |
| Exelon Corp. |
0.29%
5,593
|
$234,291,000 | 0.08% |
| Linde Plc. |
Closed
708
|
$230,935,000 | |
| Citizens Finl Group Inc |
Opened
7,566
|
$229,779,000 | 0.08% |
| CSX Corp. |
1.03%
7,583
|
$227,035,000 | 0.08% |
| Newell Brands Inc. |
4.78%
18,231
|
$226,799,000 | 0.08% |
| Vanguard Bd Index Fds |
No change
2,910
|
$222,586,000 | 0.08% |
| Pioneer Nat Res Co |
5.48%
1,086
|
$221,805,000 | 0.08% |
| Bristol-Myers Squibb Co. |
No change
3,186
|
$220,822,000 | 0.07% |
| American Elec Pwr Co Inc |
0.25%
2,422
|
$220,378,000 | 0.07% |
| Abbott Labs |
2.34%
2,174
|
$220,139,000 | 0.07% |
| Spdr Sp 500 Etf Tr |
No change
534
|
$218,614,000 | 0.07% |
| Dominion Energy Inc |
96.52%
3,808
|
$212,905,000 | 0.07% |
| Ralph Lauren Corp |
Opened
1,823
|
$212,689,000 | 0.07% |
| Pnc Finl Svcs Group Inc |
Closed
1,341
|
$211,798,000 | |
| Pge Corp |
Opened
13,040
|
$210,857,000 | 0.07% |
| Eog Res Inc |
Closed
1,594
|
$206,455,000 | |
| Sp Global Inc |
Opened
585
|
$201,861,000 | 0.07% |
| Corteva Inc |
Closed
3,425
|
$201,322,000 | |
| Umpqua Hldgs Corp |
Closed
11,046
|
$197,171,000 | |
| Ford Mtr Co Del |
3.22%
10,947
|
$137,926,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 183 holdings | |||
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