Dupree 13F annual report
Dupree is an investment fund managing more than $225 billion ran by William Ambrose. There are currently 57 companies in Mr. Ambrose’s portfolio. The largest investments include Berkshire Hathaway and Agnc Invt Corp, together worth $39.8 billion.
$225 billion Assets Under Management (AUM)
As of 12th April 2024, Dupree’s top holding is 50,808 shares of Berkshire Hathaway currently worth over $21.4 billion and making up 9.5% of the portfolio value.
Relative to the number of outstanding shares of Berkshire Hathaway, Dupree owns less than approximately 0.1% of the company.
In addition, the fund holds 1,859,633 shares of Agnc Invt Corp worth $18.4 billion.
The third-largest holding is Enbridge Inc worth $18.1 billion and the next is El Paso Energy Cap Tr I worth $13 billion, with 708,174 shares owned.
Currently, Dupree's portfolio is worth at least $225 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 Dupree
The Dupree office and employees reside in Lexington, Kentucky. According to the last 13-F report filed with the SEC, William Ambrose serves as the Chief Compliance Officer at Dupree.
Recent trades
In the most recent 13F filing, Dupree revealed that it had opened a new position in
El Paso Energy Cap Tr I and bought 708,174 shares worth $13 billion.
The investment fund also strengthened its position in Berkshire Hathaway by buying
12,532 additional shares.
This makes their stake in Berkshire Hathaway total 50,808 shares worth $21.4 billion.
Berkshire Hathaway soared 21.4% in the past year.
On the other hand, there are companies that Dupree is getting rid of from its portfolio.
Dupree closed its position in Kinder Morgan Inc on 19th April 2024.
It sold the previously owned 707,347 shares for $12.5 billion.
William Ambrose also disclosed a decreased stake in Agnc Invt Corp by 0.1%.
This leaves the value of the investment at $18.4 billion and 1,859,633 shares.
One of the smaller hedge funds
The two most similar investment funds to Dupree are Jvl Associates LLC and Webs Creek Capital Management L.P.. They manage $225 billion and $224 billion respectively.
William Ambrose investment strategy
Dupree’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Energy — making up 16.2% of
the total portfolio value.
The fund focuses on investments in the United States as
35.1% 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
33% 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 $291 billion.
The complete list of Dupree trades based on 13F SEC filings
These positions were updated on April 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 |
|---|---|---|---|
| Berkshire Hathaway Inc. |
32.74%
50,808
|
$21,365,637,000 | 9.51% |
| Agnc Invt Corp |
14.63%
1,859,633
|
$18,410,366,000 | 8.20% |
| Enbridge Inc |
0.38%
499,079
|
$18,056,679,000 | 8.04% |
| El Paso Energy Cap Tr I |
Opened
708,174
|
$12,987,917,000 | 5.78% |
| Kinder Morgan Inc |
Closed
707,347
|
$12,477,605,000 | |
| Cincinnati Finl Corp |
0.13%
88,988
|
$11,049,687,000 | 4.92% |
| Chevron Corp. |
1.90%
61,805
|
$9,749,182,000 | 4.34% |
| British Amern Tob Plc |
0.06%
264,827
|
$8,077,237,000 | 3.60% |
| Old Rep Intl Corp |
0.11%
258,642
|
$7,945,476,000 | 3.54% |
| Annaly Capital Management In |
17.17%
394,332
|
$7,764,397,000 | 3.46% |
| Schwab Strategic Tr |
0.72%
201,521
|
$7,176,174,000 | 3.19% |
| Taiwan Semiconductor Mfg Ltd |
0.27%
50,790
|
$6,909,993,000 | 3.08% |
| EQT Corp |
Opened
177,309
|
$6,572,852,000 | 2.93% |
| Canadian Nat Res Ltd |
1.19%
81,410
|
$6,213,240,000 | 2.77% |
| Blackstone Mtg Tr Inc |
Closed
268,530
|
$5,711,626,000 | |
| MercadoLibre Inc |
Opened
3,694
|
$5,585,180,000 | 2.49% |
| Att Inc |
0.05%
314,264
|
$5,531,045,000 | 2.46% |
| Everest Group Ltd |
0.05%
13,706
|
$5,448,255,000 | 2.43% |
| Wp Carey Inc |
0.55%
96,169
|
$5,427,777,000 | 2.42% |
| Ishares Tr |
12.09%
63,935
|
$7,094,973,000 | 3.16% |
| Eog Res Inc |
3.20%
41,325
|
$5,283,052,000 | 2.35% |
| Invesco Exchange Traded Fd T |
1.71%
30,105
|
$5,098,811,000 | 2.27% |
| Costco Whsl Corp New |
28.97%
6,748
|
$4,944,071,000 | 2.20% |
| Realty Income Corp. |
1.05%
88,624
|
$4,794,582,000 | 2.13% |
| Amazon.com Inc. |
1.34%
25,978
|
$4,685,939,000 | 2.09% |
| NextEra Energy Inc |
0.41%
67,938
|
$4,341,908,000 | 1.93% |
| Spdr Ser Tr |
Closed
73,069
|
$3,831,027,000 | |
| Apple Inc |
0.77%
20,567
|
$3,526,750,000 | 1.57% |
| 3M Co. |
1,146.18%
26,444
|
$2,804,892,000 | 1.25% |
| Beyond Inc |
Opened
74,936
|
$2,690,952,000 | 1.20% |
| Vanguard Specialized Funds |
3.18%
13,956
|
$2,548,557,000 | 1.13% |
| Exxon Mobil Corp. |
178.54%
10,529
|
$1,223,923,000 | 0.54% |
| City Hldg Co |
No change
10,566
|
$1,101,189,000 | 0.49% |
| Microsoft Corporation |
4.48%
1,959
|
$824,190,000 | 0.37% |
| CSX Corp. |
No change
18,639
|
$690,948,000 | 0.31% |
| Merck Co Inc |
No change
4,511
|
$595,277,000 | 0.27% |
| Spdr Index Shs Fds |
2.55%
9,242
|
$535,379,000 | 0.24% |
| Pepsico Inc |
No change
2,936
|
$513,829,000 | 0.23% |
| Vanguard Index Fds |
3.81%
2,016
|
$740,548,000 | 0.33% |
| Jpmorgan Chase Co |
No change
2,173
|
$435,252,000 | 0.19% |
| Procter And Gamble Co |
0.23%
2,649
|
$429,849,000 | 0.19% |
| Eli Lilly Co |
No change
551
|
$428,656,000 | 0.19% |
| Valvoline Inc |
No change
8,984
|
$400,417,000 | 0.18% |
| Home Depot, Inc. |
No change
1,043
|
$400,095,000 | 0.18% |
| Select Sector Spdr Tr |
5.49%
8,976
|
$378,082,000 | 0.17% |
| General Electric Co |
No change
1,916
|
$336,329,000 | 0.15% |
| Ashland Inc |
No change
3,273
|
$318,692,000 | 0.14% |
| Marathon Pete Corp |
No change
1,570
|
$316,355,000 | 0.14% |
| BP plc |
Opened
8,182
|
$308,366,000 | 0.14% |
| Papa Johns Intl Inc |
No change
4,232
|
$281,851,000 | 0.13% |
| Blackstone Inc |
Opened
2,086
|
$274,070,000 | 0.12% |
| Pnc Finl Svcs Group Inc |
No change
1,664
|
$268,902,000 | 0.12% |
| Vanguard World Fd |
4.42%
1,082
|
$264,173,000 | 0.12% |
| International Business Machs |
Opened
1,193
|
$227,815,000 | 0.10% |
| Brown-Forman Corporation |
61.13%
4,398
|
$226,999,000 | 0.10% |
| Netflix Inc. |
21.32%
347
|
$210,744,000 | 0.09% |
| Spire Inc. |
No change
3,391
|
$208,106,000 | 0.09% |
| Vanguard Scottsdale Fds |
1.14%
2,692
|
$206,261,000 | 0.09% |
| Thermo Fisher Scientific Inc. |
Opened
345
|
$200,517,000 | 0.09% |
| Kirklands Inc |
Opened
72,500
|
$174,725,000 | 0.08% |
| Chimera Invt Corp |
Closed
11,523
|
$57,500,000 | |
| No transactions found | |||
| Showing first 500 out of 61 holdings | |||
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