Richmond Brothers 13F annual report
Richmond Brothers is an investment fund managing more than $32 billion ran by G. Pirner. There are currently 20 companies in Pirner’s portfolio. The largest investments include MiMedx Inc and Apple Inc, together worth $12.2 billion.
$32 billion Assets Under Management (AUM)
As of 5th August 2024, Richmond Brothers’s top holding is 917,343 shares of MiMedx Inc currently worth over $6.36 billion and making up 19.9% of the portfolio value.
Relative to the number of outstanding shares of MiMedx Inc, Richmond Brothers owns more than approximately 0.1% of the company.
In addition, the fund holds 27,758 shares of Apple Inc worth $5.85 billion, whose value grew 15.5% in the past six months.
The third-largest holding is Berkshire Hathaway worth $5.18 billion and the next is Guggenheim Strategic Opportu worth $4.43 billion, with 296,824 shares owned.
Currently, Richmond Brothers's portfolio is worth at least $32 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 Richmond Brothers
The Richmond Brothers office and employees reside in Jackson, Michigan. According to the last 13-F report filed with the SEC, G. Pirner serves as the Chief Compliance Officer at Richmond Brothers.
Recent trades
In the most recent 13F filing, Richmond Brothers revealed that it had opened a new position in
Alvotech and bought 13,966 shares worth $170 million.
The investment fund also strengthened its position in Durect Corp by buying
303,670 additional shares.
This makes their stake in Durect Corp total 1,072,014 shares worth $1.38 billion.
Durect Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Richmond Brothers is getting rid of from its portfolio.
Richmond Brothers closed its position in Ark Etf Tr on 12th August 2024.
It sold the previously owned 31,639 shares for $1.58 billion.
G. Pirner also disclosed a decreased stake in MiMedx Inc by 0.2%.
This leaves the value of the investment at $6.36 billion and 917,343 shares.
One of the smallest hedge funds
The two most similar investment funds to Richmond Brothers are Pariax and Amia Capital LL.P.. They manage $32 billion and $32.1 billion respectively.
G. Pirner investment strategy
Richmond Brothers’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Health Care — making up 31.5% of
the total portfolio value.
The fund focuses on investments in the United States as
65.0% 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
25% of the total holdings value.
On the other hand, small-cap stocks make up 20.0% of the portfolio.
The average market cap of the portfolio companies is close to $447 billion.
The complete list of Richmond Brothers trades based on 13F SEC filings
These positions were updated on August 12th 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 |
|---|---|---|---|
| MiMedx Group, Inc |
16.38%
917,343
|
$6,357,187,000 | 19.85% |
| Apple Inc |
7.90%
27,758
|
$5,846,291,000 | 18.26% |
| Berkshire Hathaway Inc. |
6.95%
12,742
|
$5,183,515,000 | 16.19% |
| Guggenheim Strategic Opportu |
1.75%
296,824
|
$4,425,579,000 | 13.82% |
| Microsoft Corporation |
11.27%
4,544
|
$2,030,550,000 | 6.34% |
| Ark Etf Tr |
Closed
31,639
|
$1,584,429,000 | |
| Durect Corp |
39.52%
1,072,014
|
$1,382,899,000 | 4.32% |
| Heron Therapeutics Inc |
20.17%
356,558
|
$1,247,954,000 | 3.90% |
| Ishares Tr |
10.54%
8,192
|
$1,494,169,000 | 4.67% |
| Nuveen Amt Free Mun Cr Inc F |
3.98%
44,024
|
$548,552,000 | 1.71% |
| Proshares Tr |
31.36%
7,373
|
$544,274,000 | 1.70% |
| Amazon.com Inc. |
No change
2,797
|
$540,521,000 | 1.69% |
| Rockwell Med Inc |
14.10%
276,828
|
$487,209,000 | 1.52% |
| Alphabet Inc |
No change
1,984
|
$363,905,000 | 1.14% |
| Axonics Inc |
No change
4,749
|
$319,275,000 | 1.00% |
| Ocuphire Pharma, Inc. |
15.90%
191,304
|
$292,695,000 | 0.91% |
| Applied Therapeutics, Inc. |
No change
61,827
|
$288,732,000 | 0.90% |
| Mcdonalds Corp |
No change
948
|
$241,507,000 | 0.75% |
| Procter And Gamble Co |
Closed
1,293
|
$209,789,000 | |
| Verizon Communications Inc |
Closed
4,947
|
$207,563,000 | |
| Oncternal Therapeutics, Inc. |
No change
24,696
|
$187,689,000 | 0.59% |
| Alvotech |
Opened
13,966
|
$169,827,000 | 0.53% |
| Air Inds Group |
Closed
34,805
|
$163,584,000 | |
| SoFi Technologies, Inc. |
Opened
10,083
|
$66,649,000 | 0.21% |
| No transactions found | |||
| Showing first 500 out of 24 holdings | |||
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