Apricus Wealth 13F annual report
Apricus Wealth is an investment fund managing more than $131 billion ran by Joseph Costigan. There are currently 85 companies in Mr. Costigan’s portfolio. The largest investments include JPMorgan Chase & Co and Bank America Corp, together worth $9.96 billion.
$131 billion Assets Under Management (AUM)
As of 15th January 2024, Apricus Wealth’s top holding is 32,772 shares of JPMorgan Chase & Co currently worth over $5.57 billion and making up 4.3% of the portfolio value.
Relative to the number of outstanding shares of JPMorgan Chase & Co, Apricus Wealth owns less than approximately 0.1% of the company.
In addition, the fund holds 130,230 shares of Bank America Corp worth $4.38 billion.
The third-largest holding is MiMedx Inc worth $3.95 billion and the next is AMGEN worth $3.91 billion, with 13,586 shares owned.
Currently, Apricus Wealth's portfolio is worth at least $131 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 Apricus Wealth
The Apricus Wealth office and employees reside in Beaufort, South Carolina. According to the last 13-F report filed with the SEC, Joseph Costigan serves as the President at Apricus Wealth.
Recent trades
In the most recent 13F filing, Apricus Wealth revealed that it had opened a new position in
Bunge Global SA and bought 16,962 shares worth $1.71 billion.
This means they effectively own approximately 0.1% of the company.
Bunge Global SA makes up
15.6%
of the fund's Consumer Staples sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in JPMorgan Chase & Co by buying
749 additional shares.
This makes their stake in JPMorgan Chase & Co total 32,772 shares worth $5.57 billion.
JPMorgan Chase & Co dropped approximately 0.1% in the past year.
On the other hand, there are companies that Apricus Wealth is getting rid of from its portfolio.
Apricus Wealth closed its position in Bunge Limited on 22nd January 2024.
It sold the previously owned 9,961 shares for $1.02 billion.
Joseph Costigan also disclosed a decreased stake in AMGEN by approximately 0.1%.
This leaves the value of the investment at $3.91 billion and 13,586 shares.
One of the smallest hedge funds
The two most similar investment funds to Apricus Wealth are Maryland Capital Advisors Inc and Infusive Asset Management. They manage $131 billion and $131 billion respectively.
Joseph Costigan investment strategy
Apricus Wealth’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Health Care — making up 19.2% of
the total portfolio value.
The fund focuses on investments in the United States as
62.4% 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
62% of the total holdings value.
On the other hand, small-cap stocks make up only 3.5% of the portfolio.
The average market cap of the portfolio companies is close to $202 billion.
The complete list of Apricus Wealth trades based on 13F SEC filings
These positions were updated on January 22nd 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 |
|---|---|---|---|
| JPMorgan Chase & Co. |
2.34%
32,772
|
$5,574,478,000 | 4.26% |
| Bank America Corp |
0.73%
130,230
|
$4,384,844,000 | 3.35% |
| MiMedx Group, Inc |
No change
449,945
|
$3,946,018,000 | 3.01% |
| AMGEN Inc. |
2.17%
13,586
|
$3,913,040,000 | 2.99% |
| Toyota Motor Corporation |
0.77%
20,145
|
$3,694,190,000 | 2.82% |
| Kinder Morgan Inc |
1.36%
203,781
|
$3,594,692,000 | 2.75% |
| Apple Inc |
4.75%
18,310
|
$3,525,159,000 | 2.69% |
| Airbnb, Inc. |
No change
25,854
|
$3,519,764,000 | 2.69% |
| Unum Group |
2.27%
74,325
|
$3,360,977,000 | 2.57% |
| State Str Corp |
8.35%
42,717
|
$3,308,884,000 | 2.53% |
| Chevron Corp. |
12.30%
21,597
|
$3,221,409,000 | 2.46% |
| Abbvie Inc |
1.12%
20,307
|
$3,146,976,000 | 2.40% |
| Novartis AG |
1.75%
30,790
|
$3,108,866,000 | 2.38% |
| Unilever plc |
0.51%
63,622
|
$3,084,405,000 | 2.36% |
| Microsoft Corporation |
15.20%
8,013
|
$3,013,084,000 | 2.30% |
| Chubb Limited |
0.55%
13,232
|
$2,990,432,000 | 2.28% |
| CVS Health Corp |
9.14%
35,850
|
$2,830,682,000 | 2.16% |
| Lyondellbasell Industries N |
1.18%
29,523
|
$2,807,047,000 | 2.14% |
| Cisco Sys Inc |
2.70%
50,933
|
$2,573,134,000 | 1.97% |
| Tyson Foods, Inc. |
95.56%
47,530
|
$2,554,738,000 | 1.95% |
| Conocophillips |
5.24%
21,987
|
$2,552,031,000 | 1.95% |
| TC Energy Corporation |
1.76%
64,405
|
$2,517,591,000 | 1.92% |
| Merck & Co Inc |
7.91%
22,633
|
$2,467,401,000 | 1.89% |
| Coterra Energy Inc |
5.74%
96,340
|
$2,458,597,000 | 1.88% |
| Pnc Finl Svcs Group Inc |
4.85%
15,780
|
$2,443,533,000 | 1.87% |
| Phillips 66 |
1.60%
18,150
|
$2,416,491,000 | 1.85% |
| Schlumberger Ltd. |
4.95%
45,495
|
$2,367,560,000 | 1.81% |
| Us Bancorp Del |
8.77%
54,647
|
$2,365,126,000 | 1.81% |
| Johnson & Johnson |
5.93%
13,476
|
$2,112,210,000 | 1.61% |
| Barrick Gold Corp. |
5.45%
116,437
|
$2,106,345,000 | 1.61% |
| Archer Daniels Midland Co. |
1.62%
29,136
|
$2,104,219,000 | 1.61% |
| Pfizer Inc. |
20.09%
69,876
|
$2,011,737,000 | 1.54% |
| KT Corporation |
34.24%
144,310
|
$1,939,526,000 | 1.48% |
| Bunge Global SA |
Opened
16,962
|
$1,712,314,000 | 1.31% |
| The Southern Co. |
237.37%
23,970
|
$1,680,776,000 | 1.28% |
| Verizon Communications Inc |
4.91%
43,456
|
$1,638,300,000 | 1.25% |
| Newmont Corp |
6.64%
38,715
|
$1,602,414,000 | 1.22% |
| Duke Energy Corp. |
Opened
15,428
|
$1,497,105,000 | 1.14% |
| AT&T, Inc. |
23.06%
84,027
|
$1,409,970,000 | 1.08% |
| Shell Plc |
11.18%
17,655
|
$1,161,699,000 | 0.89% |
| Dell Technologies Inc |
45.49%
13,957
|
$1,067,711,000 | 0.82% |
| Alphabet Inc |
3.52%
12,340
|
$1,732,783,000 | 1.32% |
| Smucker J M Co |
14.09%
8,082
|
$1,021,403,000 | 0.78% |
| Bunge Limited |
Closed
9,961
|
$1,017,715,000 | |
| Essential Utils Inc |
No change
26,262
|
$980,886,000 | 0.75% |
| Fedex Corp |
6.74%
3,460
|
$875,276,000 | 0.67% |
| Kimberly-Clark Corp. |
1.60%
7,078
|
$860,048,000 | 0.66% |
| Berkshire Hathaway Inc. |
129.10%
2,181
|
$777,875,000 | 0.59% |
| United Parcel Service, Inc. |
0.10%
4,930
|
$775,174,000 | 0.59% |
| Vanguard Index Fds |
0.66%
5,043
|
$753,882,000 | 0.58% |
| International Business Machs |
Opened
3,980
|
$650,866,000 | 0.50% |
| Exxon Mobil Corp. |
23.22%
6,383
|
$638,132,000 | 0.49% |
| Pepsico Inc |
49.03%
3,471
|
$589,554,000 | 0.45% |
| Enbridge Inc |
17.25%
16,175
|
$582,624,000 | 0.45% |
| Honeywell International Inc |
22.95%
2,775
|
$581,878,000 | 0.44% |
| Hess Midstream LP |
No change
18,250
|
$577,248,000 | 0.44% |
| Prudential Finl Inc |
1.65%
5,533
|
$573,827,000 | 0.44% |
| Vanguard World Fds |
No change
1,057
|
$511,590,000 | 0.39% |
| Stryker Corp. |
6.12%
1,647
|
$493,211,000 | 0.38% |
| Goldman Sachs Group, Inc. |
11.67%
1,135
|
$437,849,000 | 0.33% |
| Coca-Cola Co |
Opened
6,937
|
$408,819,000 | 0.31% |
| Caterpillar Inc. |
No change
1,375
|
$406,546,000 | 0.31% |
| Cigna Group (The) |
Opened
1,319
|
$394,975,000 | 0.30% |
| Procter And Gamble Co |
2.79%
2,693
|
$394,697,000 | 0.30% |
| Mitsubishi Ufj Finl Group In |
No change
44,475
|
$382,930,000 | 0.29% |
| Amazon.com Inc. |
0.93%
2,338
|
$355,236,000 | 0.27% |
| Abbott Labs |
Opened
3,174
|
$349,415,000 | 0.27% |
| Ametek Inc |
Opened
2,115
|
$348,742,000 | 0.27% |
| Comcast Corp New |
15.32%
7,598
|
$333,194,000 | 0.25% |
| Relmada Therapeutics Inc |
1.94%
78,862
|
$326,489,000 | 0.25% |
| VanEck ETF Trust |
11.33%
16,700
|
$575,827,000 | 0.44% |
| American Elec Pwr Co Inc |
14.69%
3,862
|
$313,672,000 | 0.24% |
| Hubbell Inc. |
No change
900
|
$296,037,000 | 0.23% |
| Vanguard Specialized Funds |
17.69%
1,628
|
$277,352,000 | 0.21% |
| Norfolk Southn Corp |
Opened
1,165
|
$275,383,000 | 0.21% |
| Sysco Corp. |
7.75%
3,628
|
$265,348,000 | 0.20% |
| Visa Inc |
3.00%
995
|
$259,062,000 | 0.20% |
| Aflac Inc. |
9.77%
3,047
|
$251,378,000 | 0.19% |
| Home Depot, Inc. |
Opened
706
|
$244,572,000 | 0.19% |
| Unitedhealth Group Inc |
4.00%
432
|
$227,450,000 | 0.17% |
| Constellation Energy Corp |
No change
1,908
|
$223,026,000 | 0.17% |
| Corteva Inc |
3.74%
4,409
|
$211,288,000 | 0.16% |
| Thermo Fisher Scientific Inc. |
Opened
391
|
$207,539,000 | 0.16% |
| Palantir Technologies Inc. |
89.79%
10,000
|
$171,700,000 | 0.13% |
| Chargepoint Holdings Inc. |
33.33%
50,000
|
$117,000,000 | 0.09% |
| Southwestern Energy Company |
Opened
10,500
|
$68,775,000 | 0.05% |
| New Gold Inc Cda |
Closed
15,000
|
$15,450,000 | |
| No transactions found | |||
| Showing first 500 out of 87 holdings | |||
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