Milestone Asset Management 13F annual report

Milestone Asset Management is an investment fund managing more than $397 billion ran by Walter West. There are currently 128 companies in Mr. West’s portfolio. The largest investments include First Tr Exchng Traded Fd Vi and Spdr Ser Tr, together worth $97.2 billion.

Limited to 30 biggest holdings

$397 billion Assets Under Management (AUM)

As of 12th July 2024, Milestone Asset Management’s top holding is 2,197,286 shares of First Tr Exchng Traded Fd Vi currently worth over $68.7 billion and making up 17.3% of the portfolio value. In addition, the fund holds 310,757 shares of Spdr Ser Tr worth $28.5 billion. The third-largest holding is Rbb Fd Inc worth $28.1 billion and the next is Invesco Exch Trd Slf Idx Fd worth $26.6 billion, with 1,226,271 shares owned.

Currently, Milestone Asset Management's portfolio is worth at least $397 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 Milestone Asset Management

The Milestone Asset Management office and employees reside in Pittsburgh, Pennsylvania. According to the last 13-F report filed with the SEC, Walter West serves as the Member & Managing Partner at Milestone Asset Management.

Recent trades

In the most recent 13F filing, Milestone Asset Management revealed that it had opened a new position in First Tr Exchng Traded Fd Vi and bought 404,043 shares worth $9.83 billion.

The investment fund also strengthened its position in First Tr Exchng Traded Fd Vi by buying 136,592 additional shares. This makes their stake in First Tr Exchng Traded Fd Vi total 2,197,286 shares worth $68.7 billion.

On the other hand, there are companies that Milestone Asset Management is getting rid of from its portfolio. Milestone Asset Management closed its position in Spdr Ser Tr on 19th July 2024. It sold the previously owned 484,908 shares for $12.5 billion. Walter West also disclosed a decreased stake in Invesco Exch Trd Slf Idx Fd by 0.3%. This leaves the value of the investment at $26.6 billion and 1,226,271 shares.

One of the average hedge funds

The two most similar investment funds to Milestone Asset Management are River Global Investors LL.P. and Lmg Wealth Partners. They manage $397 billion and $397 billion respectively.


Walter West investment strategy

Milestone Asset Management’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 7.2% of the total portfolio value. The fund focuses on investments in the United States as 44.5% 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 42% of the total holdings value. On the other hand, small-cap stocks make up only 2.3% of the portfolio. The average market cap of the portfolio companies is close to $210 billion.

The complete list of Milestone Asset Management trades based on 13F SEC filings

These positions were updated on July 19th 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
First Tr Exchng Traded Fd Vi
6.63%
2,197,286
$68,662,093,000 17.28%
Spdr Ser Tr
436.65%
310,757
$28,521,295,000 7.18%
Rbb Fd Inc
439.82%
560,340
$28,061,867,000 7.06%
Invesco Exch Trd Slf Idx Fd
26.24%
1,226,271
$26,624,696,000 6.70%
Spdr Sp 500 Etf Tr
4.88%
22,621
$12,311,053,000 3.10%
First Tr Exchng Traded Fd Vi
Opened
404,043
$9,826,326,000 2.47%
Microsoft Corporation
15.72%
20,377
$9,107,641,000 2.29%
Pimco Etf Tr
Opened
156,499
$11,915,246,000 3.00%
Apple Inc
20.34%
36,215
$7,627,707,000 1.92%
Spdr Ser Tr
Closed
484,908
$12,530,579,000
Ishares Tr
Closed
124,386
$6,549,979,000
Vanguard Scottsdale Fds
Closed
79,996
$6,258,087,000
Proshares Tr
9.57%
63,217
$5,221,724,000 1.31%
NVIDIA Corp
873.65%
40,426
$4,994,273,000 1.26%
Unitedhealth Group Inc
28.40%
9,423
$4,798,815,000 1.21%
Etf Ser Solutions
1.74%
146,873
$4,772,462,000 1.20%
Ishares Tr
16.68%
226,783
$17,865,093,000 4.50%
Ishares Tr
Opened
112,818
$5,487,600,000 1.38%
Ssga Active Etf Tr
Opened
112,470
$4,467,309,000 1.12%
Invesco Exch Traded Fd Tr Ii
Opened
166,185
$4,383,960,000 1.10%
J P Morgan Exchange Traded F
12.14%
142,286
$7,982,624,000 2.01%
American Express Co.
22.96%
17,149
$3,970,899,000 1.00%
Travelers Companies Inc.
25.16%
18,490
$3,759,857,000 0.95%
First Tr Exchange-traded Fd
21.76%
192,965
$6,450,121,000 1.62%
Innovator ETFs Trust
46.22%
516,895
$17,655,989,000 4.44%
Pimco Etf Tr
21.20%
36,310
$3,397,595,000 0.86%
Chevron Corp.
3.09%
18,465
$2,888,433,000 0.73%
International Business Machs
30.75%
14,793
$2,558,449,000 0.64%
Lockheed Martin Corp.
59.51%
5,409
$2,526,544,000 0.64%
First Tr Exchange-traded Fd
Opened
76,697
$3,425,144,000 0.86%
Texas Instrs Inc
6.88%
11,416
$2,220,755,000 0.56%
Spdr Gold Tr
248.26%
10,211
$2,195,611,000 0.55%
Ishares Silver Tr
54.85%
82,225
$2,184,718,000 0.55%
Lam Research Corp.
9.11%
1,986
$2,114,940,000 0.53%
Ulta Beauty Inc
Closed
3,340
$1,746,419,000
Cisco Sys Inc
27.88%
35,645
$1,693,510,000 0.43%
Corcept Therapeutics Inc
47.40%
51,599
$1,676,452,000 0.42%
Dow Inc
Closed
28,888
$1,673,499,000
Arista Networks Inc
28.95%
4,676
$1,638,845,000 0.41%
Jpmorgan Chase Co.
93.08%
7,868
$1,591,382,000 0.40%
Gilead Sciences, Inc.
80.87%
22,177
$1,521,564,000 0.38%
Pfizer Inc.
154.67%
54,051
$1,512,382,000 0.38%
Gen Digital Inc
Closed
67,011
$1,501,046,000
Avery Dennison Corp.
Closed
6,683
$1,491,980,000
EA Series Trust
23.28%
52,215
$1,477,966,000 0.37%
Kimberly-Clark Corp.
28.68%
10,683
$1,476,515,000 0.37%
Pimco Strategic Income Fd
170.82%
234,836
$1,458,332,000 0.37%
Analog Devices Inc.
Closed
7,346
$1,452,965,000
Telefonaktiebolaget Lm Erics
Closed
262,354
$1,445,571,000
Procter And Gamble Co
24.25%
8,628
$1,422,984,000 0.36%
VanEck ETF Trust
63.12%
45,753
$1,729,748,000 0.44%
Mckesson Corporation
Opened
2,386
$1,393,519,000 0.35%
Old Dominion Freight Line In
1.48%
7,855
$1,387,193,000 0.35%
Palantir Technologies Inc.
179.38%
54,142
$1,371,417,000 0.35%
Check Point Software Tech Lt
Opened
8,225
$1,357,125,000 0.34%
Monolithic Pwr Sys Inc
37.04%
1,635
$1,343,475,000 0.34%
Cintas Corporation
Opened
1,882
$1,317,890,000 0.33%
Lauder Estee Cos Inc
4.02%
11,856
$1,261,478,000 0.32%
Ishares Inc
11.18%
27,517
$1,183,237,000 0.30%
Dell Technologies Inc
46.74%
8,444
$1,164,512,000 0.29%
T Rowe Price Etf Inc
2.72%
23,324
$1,152,905,000 0.29%
Invesco Exchange Traded Fd T
9.67%
7,011
$1,151,772,000 0.29%
L3Harris Technologies Inc
89.25%
5,034
$1,130,536,000 0.28%
Caterpillar Inc.
Opened
3,361
$1,119,549,000 0.28%
Akamai Technologies Inc
0.72%
12,066
$1,086,905,000 0.27%
General Dynamics Corp.
26.69%
3,717
$1,078,450,000 0.27%
Huntington Ingalls Inds Inc
11.32%
4,378
$1,078,433,000 0.27%
Invesco Db Us Dlr Index Tr
Opened
36,879
$1,074,285,000 0.27%
Eli Lilly Co
19.55%
1,177
$1,065,633,000 0.27%
Spdr Ser Tr
Opened
11,118
$1,048,094,000 0.26%
Northrop Grumman Corp.
Opened
2,332
$1,016,635,000 0.26%
Crowdstrike Holdings Inc
133.10%
2,613
$1,001,275,000 0.25%
Waters Corp.
Opened
3,386
$982,347,000 0.25%
Meta Platforms Inc
13.91%
1,918
$967,240,000 0.24%
Advanced Micro Devices Inc.
242.77%
5,882
$954,119,000 0.24%
Consolidated Edison, Inc.
131.50%
10,665
$953,664,000 0.24%
Abbvie Inc
109.65%
5,434
$932,170,000 0.23%
Tesla Inc
39.37%
4,528
$896,000,000 0.23%
Hubbell Inc.
Opened
2,446
$893,964,000 0.23%
Select Sector Spdr Tr
24.97%
13,447
$1,542,593,000 0.39%
Berkshire Hathaway Inc.
41.67%
2,050
$1,445,774,000 0.36%
Exxon Mobil Corp.
0.14%
7,109
$818,402,000 0.21%
Equinor ASA
Opened
27,805
$794,110,000 0.20%
Novo-nordisk A S
Opened
5,523
$788,353,000 0.20%
Salesforce Inc
9.08%
3,063
$787,511,000 0.20%
Petroleo Brasileiro Sa Petro
340.28%
52,882
$766,260,000 0.19%
Vale S.A.
359.49%
68,413
$764,173,000 0.19%
Disney Walt Co
3.87%
7,601
$754,748,000 0.19%
Visa Inc
4.60%
2,864
$751,867,000 0.19%
Cencora Inc.
278.50%
3,327
$749,625,000 0.19%
Amazon.com Inc.
13.99%
3,846
$743,240,000 0.19%
Walmart Inc
14.61%
10,848
$734,518,000 0.18%
Costco Whsl Corp New
37.52%
854
$725,891,000 0.18%
Waste Mgmt Inc Del
75.77%
3,315
$707,222,000 0.18%
CareTrust REIT Inc
155.21%
27,813
$698,106,000 0.18%
Bjs Whsl Club Hldgs Inc
Closed
8,104
$613,067,000
Alphabet Inc
6.89%
3,295
$600,205,000 0.15%
Lantheus Holdings Inc
Closed
9,557
$594,827,000
Exelixis Inc
4.00%
25,946
$583,007,000 0.15%
Fidelity Merrimack Str Tr
41.45%
12,704
$570,791,000 0.14%
Enterprise Prods Partners L
6.94%
19,394
$562,039,000 0.14%
Cardinal Health, Inc.
7.73%
5,689
$559,342,000 0.14%
Lancaster Colony Corp.
Opened
2,892
$546,501,000 0.14%
Air Prods Chems Inc
2.23%
2,108
$544,059,000 0.14%
Pacer Fds Tr
85.57%
7,178
$517,462,000 0.13%
Amn Healthcare Svcs Inc
Opened
9,595
$491,552,000 0.12%
RTX Corp
Opened
4,755
$477,454,000 0.12%
Taiwan Semiconductor Mfg Ltd
2.98%
2,629
$457,106,000 0.12%
Global X Fds
0.35%
34,621
$817,085,000 0.21%
First Tr Exch Trd Alphdx Fd
Opened
7,467
$450,169,000 0.11%
Spdr Sp Midcap 400 Etf Tr
118.77%
816
$436,625,000 0.11%
Elevance Health Inc
8.91%
782
$423,852,000 0.11%
Leidos Holdings Inc
2.41%
2,764
$403,212,000 0.10%
Vanguard Index Fds
17.88%
3,355
$737,010,000 0.19%
Booking Holdings Inc
16.67%
98
$388,310,000 0.10%
Schwab Charles Corp
14.08%
5,258
$387,492,000 0.10%
Etfis Ser Tr I
9.03%
16,909
$383,327,000 0.10%
IQVIA Holdings Inc
15.01%
1,716
$362,831,000 0.09%
Marriott Intl Inc New
11.57%
1,485
$359,028,000 0.09%
Ishares Inc
Closed
6,170
$355,207,000
Main Str Cap Corp
5.78%
6,515
$328,975,000 0.08%
Realty Income Corp.
5.74%
6,209
$327,965,000 0.08%
Tjx Cos Inc New
No change
2,976
$327,658,000 0.08%
Mastercard Incorporated
11.94%
731
$322,526,000 0.08%
Vanguard Index Fds
Opened
1,318
$319,088,000 0.08%
GE Aerospace
No change
1,978
$314,597,000 0.08%
Wisdomtree Tr
Opened
6,547
$298,478,000 0.08%
Starbucks Corp.
31.48%
3,613
$281,321,000 0.07%
AMGEN Inc.
42.94%
893
$279,018,000 0.07%
Select Sector Spdr Tr
Opened
13,415
$951,249,000 0.24%
Diageo plc
Opened
1,990
$250,899,000 0.06%
Ionq Inc
Opened
35,252
$247,822,000 0.06%
Intel Corp.
78.61%
7,951
$246,243,000 0.06%
Mcdonalds Corp
Closed
856
$241,349,000
Carmax Inc
Opened
3,258
$238,942,000 0.06%
Home Depot, Inc.
Opened
683
$235,242,000 0.06%
Caribou Biosciences Inc
Opened
142,310
$233,388,000 0.06%
Goldman Sachs Etf Tr
Closed
2,308
$232,854,000
abrdn Healthcare Investors
0.43%
13,228
$230,961,000 0.06%
Steel Dynamics Inc.
Closed
1,500
$222,345,000
Ark Etf Tr
31.50%
5,031
$221,112,000 0.06%
Accenture Plc Ireland
Closed
632
$219,058,000
Adobe Inc
35.49%
378
$209,994,000 0.05%
Etf Ser Solutions
Closed
8,728
$209,452,000
Pepsico Inc
5.96%
1,246
$205,649,000 0.05%
Rocket Lab Usa Inc
Closed
29,852
$122,692,000
No transactions found
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