Eldred Rock Partners 13F annual report
Eldred Rock Partners is an investment fund managing more than $239 billion ran by John Derrick. There are currently 29 companies in Mr. Derrick’s portfolio. The largest investments include Lam Research and Alphabet Inc, together worth $31.1 billion.
$239 billion Assets Under Management (AUM)
As of 5th July 2024, Eldred Rock Partners’s top holding is 14,740 shares of Lam Research currently worth over $15.7 billion and making up 6.6% of the portfolio value.
Relative to the number of outstanding shares of Lam Research, Eldred Rock Partners owns more than approximately 0.1% of the company.
In addition, the fund holds 84,402 shares of Alphabet Inc worth $15.4 billion, whose value grew 30.1% in the past six months.
The third-largest holding is Vontier worth $14.6 billion and the next is Merck Co Inc worth $12.2 billion, with 98,465 shares owned.
Currently, Eldred Rock Partners's portfolio is worth at least $239 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 Eldred Rock Partners
The Eldred Rock Partners office and employees reside in San Antonio, Texas. According to the last 13-F report filed with the SEC, John Derrick serves as the Chief Compliance Officer at Eldred Rock Partners.
Recent trades
In the most recent 13F filing, Eldred Rock Partners revealed that it had opened a new position in
Vontier and bought 382,548 shares worth $14.6 billion.
This means they effectively own approximately 0.1% of the company.
Vontier makes up
62.5%
of the fund's Industrials sector allocation and has grown its share price by 16.0% in the past year.
The investment fund also strengthened its position in Alphabet Inc by buying
2,920 additional shares.
This makes their stake in Alphabet Inc total 84,402 shares worth $15.4 billion.
Alphabet Inc soared 56.0% in the past year.
On the other hand, John Derrick disclosed a decreased stake in Lam Research by 0.1%.
This leaves the value of the investment at $15.7 billion and 14,740 shares.
One of the smallest hedge funds
The two most similar investment funds to Eldred Rock Partners are Allgen Advisors and Stephens. They manage $239 billion and $239 billion respectively.
John Derrick investment strategy
Eldred Rock Partners’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 13.0% of
the total portfolio value.
The fund focuses on investments in the United States as
31.0% 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
38% 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 $232 billion.
The complete list of Eldred Rock Partners trades based on 13F SEC filings
These positions were updated on July 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 |
|---|---|---|---|
| Lam Research Corp. |
13.15%
14,740
|
$15,695,889,000 | 6.56% |
| Alphabet Inc |
3.58%
84,402
|
$15,375,430,000 | 6.43% |
| Vontier Corporation |
Opened
382,548
|
$14,613,328,000 | 6.11% |
| Merck Co Inc |
4.21%
98,465
|
$12,189,967,000 | 5.09% |
| Phillips 66 |
4.24%
82,256
|
$11,612,117,000 | 4.85% |
| Brookfield Corp |
4.18%
258,773
|
$10,749,448,000 | 4.49% |
| Berkshire Hathaway Inc. |
4.23%
25,671
|
$10,442,963,000 | 4.36% |
| Pepsico Inc |
77.39%
61,710
|
$10,177,776,000 | 4.25% |
| Discover Finl Svcs |
4.23%
76,754
|
$10,040,248,000 | 4.20% |
| Carmax Inc |
4.24%
134,348
|
$9,853,082,000 | 4.12% |
| Unitedhealth Group Inc |
Opened
19,306
|
$9,831,916,000 | 4.11% |
| Emerson Elec Co |
4.25%
87,322
|
$9,619,437,000 | 4.02% |
| Cummins Inc. |
4.16%
31,596
|
$8,749,781,000 | 3.66% |
| Texas Instrs Inc |
4.10%
44,757
|
$8,706,579,000 | 3.64% |
| Accenture Plc Ireland |
4.29%
28,626
|
$8,685,415,000 | 3.63% |
| Wells Fargo Co New |
Opened
145,635
|
$8,649,263,000 | 3.61% |
| Cal-Maine Foods, Inc. |
4.19%
139,122
|
$8,501,745,000 | 3.55% |
| International Bancshares Cor |
0.64%
137,430
|
$7,862,370,000 | 3.29% |
| Price T Rowe Group Inc |
4.17%
66,129
|
$7,625,373,000 | 3.19% |
| Novo-nordisk A S |
34.61%
41,690
|
$5,950,831,000 | 2.49% |
| Asml Holding N V |
37.82%
5,721
|
$5,851,038,000 | 2.45% |
| Taiwan Semiconductor Mfg Ltd |
55.45%
32,880
|
$5,714,873,000 | 2.39% |
| Icon Plc |
56.49%
18,075
|
$5,665,970,000 | 2.37% |
| Bank Nova Scotia Halifax |
55.78%
70,739
|
$3,234,187,000 | 1.35% |
| Diageo plc |
Opened
24,841
|
$3,131,953,000 | 1.31% |
| Novartis AG |
92.83%
27,727
|
$2,951,816,000 | 1.23% |
| Unilever plc |
55.99%
49,714
|
$2,733,775,000 | 1.14% |
| Shell Plc |
55.79%
35,611
|
$2,570,370,000 | 1.07% |
| Ambev Sa |
156.84%
1,227,459
|
$2,516,291,000 | 1.05% |
| No transactions found | |||
| Showing first 500 out of 29 holdings | |||
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