Stonecrest Wealth Management 13F annual report

Stonecrest Wealth Management is an investment fund managing more than $130 billion ran by Keith Mahan. There are currently 43 companies in Mr. Mahan’s portfolio. The largest investments include Invesco Exch Traded Fd Tr Ii and NVIDIA Corp, together worth $24.9 billion.

Limited to 30 biggest holdings

$130 billion Assets Under Management (AUM)

As of 8th July 2024, Stonecrest Wealth Management’s top holding is 228,824 shares of Invesco Exch Traded Fd Tr Ii currently worth over $14.4 billion and making up 11.1% of the portfolio value. In addition, the fund holds 85,065 shares of NVIDIA Corp worth $10.5 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Pacer Fds Tr worth $5.86 billion and the next is Amazon.com worth $5.83 billion, with 30,168 shares owned.

Currently, Stonecrest Wealth Management's portfolio is worth at least $130 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 Stonecrest Wealth Management

The Stonecrest Wealth Management office and employees reside in Chandler, Arizona. According to the last 13-F report filed with the SEC, Keith Mahan serves as the Chief Compliance Officer at Stonecrest Wealth Management.

Recent trades

In the most recent 13F filing, Stonecrest Wealth Management revealed that it had opened a new position in Pacer Fds Tr and bought 107,552 shares worth $5.86 billion.

The investment fund also strengthened its position in NVIDIA Corp by buying 76,918 additional shares. This makes their stake in NVIDIA Corp total 85,065 shares worth $10.5 billion. NVIDIA Corp dropped approximately 0.1% in the past year.

On the other hand, there are companies that Stonecrest Wealth Management is getting rid of from its portfolio. Stonecrest Wealth Management closed its position in Wisdomtree Tr on 15th July 2024. It sold the previously owned 90,072 shares for $3.14 billion. Keith Mahan also disclosed a decreased stake in Invesco Exch Traded Fd Tr Ii by approximately 0.1%. This leaves the value of the investment at $14.4 billion and 228,824 shares.

One of the smallest hedge funds

The two most similar investment funds to Stonecrest Wealth Management are Exane Asset Management and Jade Capital Advisors. They manage $130 billion and $130 billion respectively.

Keith Mahan investment strategy

Stonecrest Wealth Management’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 25.6% of the total portfolio value. The fund focuses on investments in the United States as 34.9% 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 35% 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 $412 billion.

The complete list of Stonecrest Wealth Management trades based on 13F SEC filings

These positions were updated on July 15th 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
Invesco Exch Traded Fd Tr Ii	7.32% 228,824	$14,430,059,000	11.14%
NVIDIA Corp	944.13% 85,065	$10,508,930,000	8.11%
Pacer Fds Tr	Opened 107,552	$5,860,508,000	4.52%
Amazon.com Inc.	15.86% 30,168	$5,829,966,000	4.50%
Microsoft Corporation	15.12% 13,019	$5,818,842,000	4.49%
VanEck ETF Trust	24.20% 22,249	$5,800,314,000	4.48%
Spdr Ser Tr	0.27% 88,113	$5,639,232,000	4.35%
First Tr Exchange Traded Fd	12.43% 91,103	$5,140,031,000	3.97%
First Tr Nas100 Eq Weighted	21.90% 41,168	$5,075,603,000	3.92%
J P Morgan Exchange Traded F	13.85% 159,712	$8,879,968,000	6.85%
Eli Lilly Co	211.12% 4,925	$4,458,996,000	3.44%
Meta Platforms Inc	356.38% 8,338	$4,204,186,000	3.24%
Alphabet Inc	8.96% 27,830	$5,077,440,000	3.92%
Invesco Exchange Traded Fd T	10.19% 23,159	$3,804,561,000	2.94%
Invesco Exch Traded Fd Tr Ii	Opened 42,933	$3,754,920,000	2.90%
Global X Fds	5.30% 87,041	$3,519,068,000	2.72%
Pgim Etf Tr	Opened 55,562	$3,392,316,000	2.62%
Wisdomtree Tr	Closed 90,072	$3,136,307,000
Ishares Tr	11.50% 69,037	$8,711,552,000	6.72%
Crowdstrike Holdings Inc	342.87% 6,643	$2,545,531,000	1.96%
Palo Alto Networks Inc	22.83% 7,257	$2,460,196,000	1.90%
Invesco Exchange Traded Fd T	Opened 24,981	$2,014,218,000	1.55%
Apple Inc	49.17% 9,458	$1,992,044,000	1.54%
J P Morgan Exchange Traded F	Closed 28,653	$1,716,028,000
Pacer Fds Tr	Closed 24,250	$1,192,130,000
Arm Holdings Plc	54.27% 4,767	$779,977,000	0.60%
Shopify Inc	24.60% 11,563	$763,736,000	0.59%
Uber Technologies Inc	29.65% 10,456	$759,942,000	0.59%
Direxion Shs Etf Tr	3.43% 15,602	$986,627,000	0.76%
DraftKings Inc.	28.64% 17,511	$668,395,000	0.52%
Datadog Inc	39.91% 4,753	$616,417,000	0.48%
Proshares Tr	2.76% 8,325	$614,552,000	0.47%
Argenx Se	33.19% 1,417	$609,367,000	0.47%
Taiwan Semiconductor Mfg Ltd	Opened 3,118	$541,940,000	0.42%
Visa Inc	0.55% 1,823	$478,483,000	0.37%
Costco Whsl Corp New	No change 550	$467,495,000	0.36%
Reddit Inc	Opened 6,670	$426,146,000	0.33%
Adobe Inc	1.31% 753	$418,322,000	0.32%
Ishares Tr	Closed 4,579	$417,834,000
Spdr Sp 500 Etf Tr	41.67% 742	$403,811,000	0.31%
Select Sector Spdr Tr	25.86% 1,686	$381,424,000	0.29%
Viridian Therapeutics Inc	0.69% 27,484	$357,567,000	0.28%
Snowflake Inc.	Closed 2,082	$336,451,000
Regeneron Pharmaceuticals, Inc.	1.56% 316	$332,125,000	0.26%
Accenture Plc Ireland	0.95% 935	$283,688,000	0.22%
Advanced Micro Devices Inc.	Closed 1,560	$281,564,000
Yum Brands Inc.	0.84% 2,124	$281,345,000	0.22%
Vanguard Index Fds	5.76% 720	$269,287,000	0.21%
Jpmorgan Chase Co.	No change 1,000	$202,260,000	0.16%
No transactions found
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