Midwest 13F annual report
Midwest is an investment fund managing more than $144 billion ran by Leigha Shepard. There are currently 79 companies in Shepard’s portfolio. The largest investments include Schwab Strategic Tr and Advanced Micro Devices, together worth $21.3 billion.
$144 billion Assets Under Management (AUM)
As of 4th April 2024, Midwest’s top holding is 194,088 shares of Schwab Strategic Tr currently worth over $13.7 billion and making up 9.6% of the portfolio value.
In addition, the fund holds 41,788 shares of Advanced Micro Devices worth $7.54 billion, whose value grew 54.3% in the past six months.
The third-largest holding is Ishares Tr worth $20.3 billion and the next is Apple Inc worth $6.55 billion, with 38,192 shares owned.
Currently, Midwest's portfolio is worth at least $144 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 Midwest
The Midwest office and employees reside in Overland Park, Kansas. According to the last 13-F report filed with the SEC, Leigha Shepard serves as the CCO at Midwest.
Recent trades
In the most recent 13F filing, Midwest revealed that it had opened a new position in
First Tr Exchng Traded Fd Vi and bought 59,489 shares worth $1.69 billion.
The investment fund also strengthened its position in Ishares Tr by buying
48,604 additional shares.
This makes their stake in Ishares Tr total 219,018 shares worth $20.3 billion.
On the other hand, there are companies that Midwest is getting rid of from its portfolio.
Midwest closed its position in Abbvie Inc on 11th April 2024.
It sold the previously owned 6,258 shares for $970 million.
Leigha Shepard also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%.
This leaves the value of the investment at $13.7 billion and 194,088 shares.
One of the smallest hedge funds
The two most similar investment funds to Midwest are Gem Asset Management and Findell Capital Management. They manage $144 billion and $144 billion respectively.
Leigha Shepard investment strategy
Midwest’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 10.6% of
the total portfolio value.
The fund focuses on investments in the United States as
46.8% 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
37% of the total holdings value.
On the other hand, small-cap stocks make up only 5.1% of the portfolio.
The average market cap of the portfolio companies is close to $254 billion.
The complete list of Midwest trades based on 13F SEC filings
These positions were updated on April 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 |
|---|---|---|---|
| Schwab Strategic Tr |
6.93%
194,088
|
$13,725,000,000 | 9.56% |
| Advanced Micro Devices Inc. |
1.26%
41,788
|
$7,542,000,000 | 5.25% |
| Ishares Tr |
28.52%
219,018
|
$20,264,000,000 | 14.11% |
| Apple Inc |
4.26%
38,192
|
$6,549,000,000 | 4.56% |
| First Tr Exchange-traded Fd |
3.83%
500,142
|
$14,589,000,000 | 10.16% |
| American Centy Etf Tr |
36.62%
44,103
|
$4,133,000,000 | 2.88% |
| Vanguard Index Fds |
2.75%
41,667
|
$7,372,000,000 | 5.13% |
| Spdr Sp Midcap 400 Etf Tr |
4.00%
6,992
|
$3,891,000,000 | 2.71% |
| Microsoft Corporation |
0.02%
9,214
|
$3,876,000,000 | 2.70% |
| VanEck ETF Trust |
39.77%
43,664
|
$4,313,000,000 | 3.00% |
| Oneok Inc. |
0.92%
36,437
|
$2,921,000,000 | 2.03% |
| Select Sector Spdr Tr |
8.02%
72,505
|
$6,544,000,000 | 4.56% |
| Micron Technology Inc. |
11.95%
19,810
|
$2,335,000,000 | 1.63% |
| First Tr Exch Trd Alphdx Fd |
1.18%
90,684
|
$2,074,000,000 | 1.44% |
| Litman Gregory Fds Tr |
2.95%
62,826
|
$1,802,000,000 | 1.25% |
| First Tr Exchng Traded Fd Vi |
Opened
59,489
|
$1,685,000,000 | 1.17% |
| Boeing Co. |
3.69%
8,420
|
$1,625,000,000 | 1.13% |
| Exxon Mobil Corp. |
3.23%
13,830
|
$1,608,000,000 | 1.12% |
| Berkshire Hathaway Inc. |
16.76%
3,407
|
$1,433,000,000 | 1.00% |
| Us Bancorp Del |
1.96%
31,556
|
$1,411,000,000 | 0.98% |
| First Tr Exch Traded Fd Iii |
1.13%
62,881
|
$1,245,000,000 | 0.87% |
| Ishares Silver Tr |
1.15%
53,990
|
$1,228,000,000 | 0.85% |
| Invesco Exch Traded Fd Tr Ii |
0.99%
18,539
|
$1,221,000,000 | 0.85% |
| Spdr Sp 500 Etf Tr |
7.00%
2,233
|
$1,168,000,000 | 0.81% |
| Ishares Gold Tr |
0.86%
23,595
|
$991,000,000 | 0.69% |
| Devon Energy Corp. |
0.45%
19,528
|
$980,000,000 | 0.68% |
| Dollar Gen Corp New |
13.65%
6,253
|
$976,000,000 | 0.68% |
| Procter And Gamble Co |
0.60%
6,006
|
$974,000,000 | 0.68% |
| Coca-Cola Co |
1.36%
15,892
|
$972,000,000 | 0.68% |
| Abbvie Inc |
Closed
6,258
|
$970,000,000 | |
| Pepsico Inc |
5.26%
5,425
|
$949,000,000 | 0.66% |
| Amazon.com Inc. |
7.79%
5,242
|
$946,000,000 | 0.66% |
| Vanguard Scottsdale Fds |
0.80%
11,791
|
$912,000,000 | 0.63% |
| Pimco Etf Tr |
1.44%
17,126
|
$899,000,000 | 0.63% |
| CSX Corp. |
27.60%
23,700
|
$879,000,000 | 0.61% |
| Verizon Communications Inc |
0.57%
19,557
|
$821,000,000 | 0.57% |
| RTX Corp |
2.86%
8,295
|
$809,000,000 | 0.56% |
| DraftKings Inc. |
21.59%
17,165
|
$779,000,000 | 0.54% |
| ONE Gas Inc |
0.87%
11,616
|
$750,000,000 | 0.52% |
| Tyson Foods, Inc. |
0.79%
12,500
|
$734,000,000 | 0.51% |
| Ishares Tr |
Opened
3,176
|
$717,000,000 | 0.50% |
| Mastercard Incorporated |
0.07%
1,355
|
$653,000,000 | 0.45% |
| Price T Rowe Group Inc |
0.02%
5,217
|
$636,000,000 | 0.44% |
| American Express Co. |
No change
2,723
|
$620,000,000 | 0.43% |
| Unitedhealth Group Inc |
0.88%
1,243
|
$615,000,000 | 0.43% |
| Alphabet Inc |
Opened
3,940
|
$595,000,000 | 0.41% |
| Evergy Inc |
6.88%
10,793
|
$576,000,000 | 0.40% |
| Canadian Pacific Kansas City |
No change
6,175
|
$544,000,000 | 0.38% |
| Chevron Corp. |
5.44%
3,196
|
$504,000,000 | 0.35% |
| Conocophillips |
5.66%
3,808
|
$485,000,000 | 0.34% |
| CVS Health Corp |
5.41%
6,035
|
$481,000,000 | 0.33% |
| Fifth Third Bancorp |
13.18%
12,902
|
$480,000,000 | 0.33% |
| Visa Inc |
56.19%
1,713
|
$478,000,000 | 0.33% |
| Applied Matls Inc |
0.44%
2,273
|
$469,000,000 | 0.33% |
| Abbott Labs |
Closed
4,221
|
$465,000,000 | |
| Union Pac Corp |
No change
1,794
|
$441,000,000 | 0.31% |
| NRG Energy Inc. |
52.94%
6,400
|
$433,000,000 | 0.30% |
| Lattice Semiconductor Corp. |
Opened
5,500
|
$430,000,000 | 0.30% |
| Johnson Johnson |
3.50%
2,699
|
$427,000,000 | 0.30% |
| Delta Air Lines, Inc. |
0.06%
8,805
|
$421,000,000 | 0.29% |
| Vanguard World Fd |
1.12%
1,858
|
$379,000,000 | 0.26% |
| Pfizer Inc. |
6.86%
13,604
|
$378,000,000 | 0.26% |
| Sherwin-Williams Co. |
Closed
1,200
|
$374,000,000 | |
| Mcdonalds Corp |
4.00%
1,200
|
$338,000,000 | 0.24% |
| Capitol Fed Finl Inc |
3.80%
56,380
|
$336,000,000 | 0.23% |
| Zoom Video Communications In |
No change
5,035
|
$329,000,000 | 0.23% |
| Tractor Supply Co. |
No change
1,210
|
$317,000,000 | 0.22% |
| Phillips Edison Co Inc |
10.27%
8,733
|
$313,000,000 | 0.22% |
| Herc Holdings Inc |
21.05%
1,840
|
$310,000,000 | 0.22% |
| Spotify Technology S.A. |
Closed
1,633
|
$307,000,000 | |
| Sprott Physical Gold Silve |
0.72%
13,800
|
$281,000,000 | 0.20% |
| Jpmorgan Chase Co |
Closed
1,570
|
$267,000,000 | |
| Costco Whsl Corp New |
Opened
351
|
$257,000,000 | 0.18% |
| T Rowe Price Etf Inc |
Opened
8,154
|
$247,000,000 | 0.17% |
| Royal Caribbean Group |
5.33%
1,775
|
$247,000,000 | 0.17% |
| Merck Co Inc |
2.56%
1,863
|
$246,000,000 | 0.17% |
| Broadcom Inc. |
Opened
182
|
$242,000,000 | 0.17% |
| Altria Group Inc. |
3.49%
5,525
|
$241,000,000 | 0.17% |
| New Fortress Energy LLC |
Closed
6,304
|
$238,000,000 | |
| Calamos Strategic Total Retu |
Closed
15,914
|
$237,000,000 | |
| Target Corp |
Opened
1,310
|
$232,000,000 | 0.16% |
| Fastly Inc |
0.30%
16,425
|
$213,000,000 | 0.15% |
| Vanguard Whitehall Fds |
Opened
1,729
|
$209,000,000 | 0.15% |
| Vanguard Index Fds |
Opened
812
|
$203,000,000 | 0.14% |
| Invesco Exchange Traded Fd T |
Opened
5,256
|
$202,000,000 | 0.14% |
| Ford Mtr Co Del |
2.62%
13,553
|
$180,000,000 | 0.13% |
| No transactions found | |||
| Showing first 500 out of 86 holdings | |||
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