25 13F annual report
25 is an investment fund managing more than $211 billion ran by Pavin White. There are currently 31 companies in White’s portfolio. The largest investments include Vanguard Index Fds and Vanguard Star Fds, together worth $111 billion.
$211 billion Assets Under Management (AUM)
As of 28th June 2024, 25’s top holding is 387,150 shares of Vanguard Index Fds currently worth over $79.8 billion and making up 37.9% of the portfolio value.
In addition, the fund holds 523,033 shares of Vanguard Star Fds worth $31.5 billion.
The third-largest holding is Vanguard Scottsdale Fds worth $31.3 billion and the next is Vanguard Intl Equity Index F worth $19.3 billion, with 164,019 shares owned.
Currently, 25's portfolio is worth at least $211 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 25
The 25 office and employees reside in St. Louis, Missouri. According to the last 13-F report filed with the SEC, Pavin White serves as the Head of Operations at 25.
Recent trades
In the most recent 13F filing, 25 revealed that it had opened a new position in
NVIDIA Corp and bought 5,032 shares worth $622 million.
This means they effectively own approximately 0.1% of the company.
NVIDIA Corp makes up
14.3%
of the fund's Technology sector allocation and has decreased its share price by 69.7% in the past year.
The investment fund also strengthened its position in Vanguard Star Fds by buying
21,013 additional shares.
This makes their stake in Vanguard Star Fds total 523,033 shares worth $31.5 billion.
On the other hand, there are companies that 25 is getting rid of from its portfolio.
25 closed its position in Schwab Strategic Tr on 5th July 2024.
It sold the previously owned 7,351 shares for $415 million.
Pavin White also disclosed a decreased stake in Vanguard Index Fds by approximately 0.1%.
This leaves the value of the investment at $79.8 billion and 387,150 shares.
One of the smallest hedge funds
The two most similar investment funds to 25 are Ima Wealth and Beacon Bridge Wealth Partners. They manage $211 billion and $211 billion respectively.
Pavin White investment strategy
25’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 2.3% of
the total portfolio value.
The fund focuses on investments in the United States as
48.4% 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
48% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $589 billion.
The complete list of 25 trades based on 13F SEC filings
These positions were updated on July 5th 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 |
|---|---|---|---|
| Vanguard Index Fds |
1.13%
387,150
|
$79,767,058,000 | 37.87% |
| Vanguard Star Fds |
4.19%
523,033
|
$31,538,861,000 | 14.97% |
| Vanguard Scottsdale Fds |
14.52%
445,950
|
$31,318,930,000 | 14.87% |
| Vanguard Intl Equity Index F |
3.53%
164,019
|
$19,270,567,000 | 9.15% |
| Ishares Tr |
11.15%
110,030
|
$11,038,775,000 | 5.24% |
| Vanguard Mun Bd Fds |
13.77%
171,041
|
$8,570,863,000 | 4.07% |
| Apple Inc |
2.59%
14,934
|
$3,145,308,000 | 1.49% |
| Dimensional Etf Trust |
1.42%
366,747
|
$13,209,134,000 | 6.27% |
| Alphabet Inc |
7.82%
11,114
|
$2,038,530,000 | 0.97% |
| Spdr Ser Tr |
4.63%
72,375
|
$1,970,043,000 | 0.94% |
| Microsoft Corporation |
1.90%
2,250
|
$1,005,563,000 | 0.48% |
| Amazon.com Inc. |
40.09%
4,871
|
$941,321,000 | 0.45% |
| Schwab Strategic Tr |
193.89%
19,920
|
$708,747,000 | 0.34% |
| Proshares Tr |
2.26%
8,919
|
$658,399,000 | 0.31% |
| NVIDIA Corp |
Opened
5,032
|
$621,666,000 | 0.30% |
| Spdr Sp 500 Etf Tr |
No change
1,031
|
$561,313,000 | 0.27% |
| Walmart Inc |
206.87%
7,144
|
$483,705,000 | 0.23% |
| Schwab Strategic Tr |
Closed
7,351
|
$414,614,000 | |
| Home Depot, Inc. |
0.50%
1,200
|
$413,255,000 | 0.20% |
| Fastenal Co. |
1.14%
6,383
|
$401,085,000 | 0.19% |
| Tesla Inc |
0.10%
1,908
|
$377,555,000 | 0.18% |
| Schwab Strategic Tr |
Opened
8,532
|
$327,818,000 | 0.16% |
| Meta Platforms Inc |
Opened
500
|
$252,299,000 | 0.12% |
| Fiserv, Inc. |
No change
1,608
|
$239,656,000 | 0.11% |
| Alphabet Inc |
Opened
1,294
|
$235,615,000 | 0.11% |
| Snap-on, Inc. |
8.31%
883
|
$230,864,000 | 0.11% |
| Eli Lilly Co |
Opened
251
|
$227,250,000 | 0.11% |
| First Tr Exchange-traded Fd |
No change
2,650
|
$222,706,000 | 0.11% |
| Boeing Co. |
Closed
842
|
$219,501,000 | |
| Netflix Inc. |
Opened
316
|
$213,262,000 | 0.10% |
| Unitedhealth Group Inc |
6.67%
416
|
$211,852,000 | 0.10% |
| Jpmorgan Chase Co |
Opened
1,044
|
$211,214,000 | 0.10% |
| Oracle Corp. |
Opened
1,447
|
$204,316,000 | 0.10% |
| No transactions found | |||
| Showing first 500 out of 33 holdings | |||
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