New Century 13F annual report

New Century is an investment fund managing more than $143 billion ran by Richard Oring. There are currently 160 companies in Mr. Oring’s portfolio. The largest investments include Ishares Tr and Pacer Fds Tr, together worth $29.2 billion.

Limited to 30 biggest holdings

$143 billion Assets Under Management (AUM)

As of 12th April 2024, New Century’s top holding is 194,135 shares of Ishares Tr currently worth over $19.6 billion and making up 13.7% of the portfolio value. In addition, the fund holds 329,524 shares of Pacer Fds Tr worth $9.59 billion. The third-largest holding is Microsoft worth $4.93 billion and the next is Alphabet Inc worth $3.32 billion, with 21,978 shares owned.

Currently, New Century's portfolio is worth at least $143 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 New Century

The New Century office and employees reside in Princeton, New Jersey. According to the last 13-F report filed with the SEC, Richard Oring serves as the President & CCO at New Century.

Recent trades

In the most recent 13F filing, New Century revealed that it had opened a new position in AES and bought 68,871 shares worth $1.23 billion. This means they effectively own approximately 0.1% of the company. AES makes up 84.0% of the fund's Utilities sector allocation and has decreased its share price by 33.6% in the past year.

The investment fund also strengthened its position in Pacer Fds Tr by buying 132,766 additional shares. This makes their stake in Pacer Fds Tr total 329,524 shares worth $9.59 billion.

On the other hand, there are companies that New Century is getting rid of from its portfolio. New Century closed its position in Spdr Ser Tr on 19th April 2024. It sold the previously owned 31,139 shares for $1.62 billion. Richard Oring also disclosed a decreased stake in Ishares Tr by 0.1%. This leaves the value of the investment at $19.6 billion and 194,135 shares.

One of the smallest hedge funds

The two most similar investment funds to New Century are Intrepid Capital Management Inc and Checkpoint Capital L.P.. They manage $143 billion and $143 billion respectively.


Richard Oring investment strategy

New Century’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Technology — making up 17.3% of the total portfolio value. The fund focuses on investments in the United States as 58.8% 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 61% of the total holdings value. On the other hand, small-cap stocks make up only 0.6% of the portfolio. The average market cap of the portfolio companies is close to $160 billion.

The complete list of New Century 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
Ishares Tr
11.17%
194,135
$19,580,814,000 13.67%
Pacer Fds Tr
67.48%
329,524
$9,593,165,000 6.70%
Microsoft Corporation
1.58%
11,718
$4,929,787,000 3.44%
Alphabet Inc
14.78%
21,978
$3,317,140,000 2.32%
Chevron Corp.
277.78%
19,335
$3,049,980,000 2.13%
NVIDIA Corp
31.52%
2,933
$2,650,141,000 1.85%
Apple Inc
22.22%
12,097
$2,074,352,000 1.45%
Meta Platforms Inc
34.24%
4,191
$2,035,066,000 1.42%
Amazon.com Inc.
16.65%
10,893
$1,964,879,000 1.37%
Magna International Inc.
13.44%
34,948
$1,903,967,000 1.33%
Berkshire Hathaway Inc.
15.19%
4,064
$1,708,825,000 1.19%
Eli Lilly & Co
64.68%
1,986
$1,545,029,000 1.08%
Goldman Sachs Etf Tr
112.17%
14,871
$1,500,335,000 1.05%
Citigroup Inc
4.14%
23,587
$1,491,642,000 1.04%
VanEck ETF Trust
475.97%
15,511
$1,394,439,000 0.97%
Lincoln Natl Corp Ind
0.13%
43,306
$1,382,761,000 0.97%
Medtronic Plc
407.78%
15,599
$1,359,453,000 0.95%
Corebridge Finl Inc
0.27%
46,484
$1,335,485,000 0.93%
Visa Inc
1.61%
4,573
$1,276,233,000 0.89%
JPMorgan Chase & Co.
7.21%
6,216
$1,245,065,000 0.87%
AES Corp.
Opened
68,871
$1,234,857,000 0.86%
American Eagle Outfitters In
Opened
47,530
$1,225,799,000 0.86%
Carpenter Technology Corp.
30.33%
16,737
$1,195,357,000 0.83%
Humana Inc.
Opened
3,413
$1,183,355,000 0.83%
Johnson & Johnson
0.88%
7,452
$1,178,832,000 0.82%
Pfizer Inc.
Opened
42,435
$1,177,571,000 0.82%
Spdr Ser Tr
Closed
31,139
$1,624,119,000
Prudential Finl Inc
0.75%
9,749
$1,144,533,000 0.80%
Chubb Limited
0.48%
4,384
$1,136,026,000 0.79%
Bristol-Myers Squibb Co.
Opened
20,938
$1,135,468,000 0.79%
Newmont Corp
Opened
31,472
$1,127,956,000 0.79%
Spdr S&p 500 Etf Tr
1.90%
2,148
$1,123,554,000 0.78%
Block Inc
Opened
13,257
$1,121,277,000 0.78%
Salesforce Inc
18.70%
3,695
$1,112,860,000 0.78%
Cheesecake Factory Inc.
Opened
30,645
$1,107,817,000 0.77%
Molson Coors Beverage Company
Opened
16,455
$1,106,599,000 0.77%
Royalty Pharma plc
Opened
35,908
$1,090,526,000 0.76%
Upwork Inc
Opened
88,338
$1,083,024,000 0.76%
Baxter International Inc.
Opened
25,196
$1,076,877,000 0.75%
Maximus Inc.
Opened
12,739
$1,068,802,000 0.75%
AT&T, Inc.
0.13%
60,452
$1,063,955,000 0.74%
Cigna Group (The)
Closed
3,436
$1,028,910,000
Mastercard Incorporated
3.61%
2,136
$1,028,393,000 0.72%
Waste Mgmt Inc Del
Closed
5,619
$1,006,363,000
Uber Technologies Inc
8.92%
12,896
$992,863,000 0.69%
General Mtrs Co
3.14%
21,800
$988,630,000 0.69%
Conagra Brands Inc
Closed
34,343
$984,270,000
Autoliv Inc.
Closed
8,931
$984,107,000
Laureate Education Inc
40.81%
67,527
$983,868,000 0.69%
Ishares Tr
Closed
18,963
$2,059,937,000
Owens & Minor, Inc.
Closed
49,673
$957,199,000
Unum Group
Closed
20,216
$914,168,000
J P Morgan Exchange Traded F
Opened
15,357
$888,556,000 0.62%
ServiceNow Inc
4.15%
1,156
$881,334,000 0.62%
AMGEN Inc.
5.48%
3,063
$870,872,000 0.61%
Spdr Ser Tr
18.67%
26,089
$1,440,270,000 1.01%
Canadian Natl Ry Co
8.56%
6,340
$835,041,000 0.58%
Honeywell International Inc
5.04%
3,980
$816,895,000 0.57%
Walmart Inc
227.40%
13,345
$802,969,000 0.56%
Pepsico Inc
4.40%
4,579
$801,371,000 0.56%
Nextracker Inc
Opened
13,891
$781,647,000 0.55%
Vanguard Index Fds
31.80%
6,064
$1,507,363,000 1.05%
Micron Technology Inc.
2.54%
6,474
$763,220,000 0.53%
Lennar Corp.
30.43%
4,341
$746,565,000 0.52%
CarGurus Inc
Closed
30,440
$735,430,000
Spdr Gold Tr
11.84%
3,513
$722,694,000 0.50%
Liberty Global Ltd
12.36%
40,536
$715,055,000 0.50%
Arista Networks Inc
7.74%
2,436
$706,391,000 0.49%
Select Sector Spdr Tr
0.88%
3,340
$695,622,000 0.49%
Dycom Inds Inc
Closed
5,992
$689,619,000
Oracle Corp.
9.47%
5,466
$686,584,000 0.48%
Thermo Fisher Scientific Inc.
2.63%
1,147
$666,648,000 0.47%
Vodafone Group plc
15.11%
74,501
$663,059,000 0.46%
Invesco Exch Traded Fd Tr Ii
Closed
3,932
$662,699,000
Thor Inds Inc
0.94%
5,604
$657,573,000 0.46%
Tjx Cos Inc New
5.14%
6,383
$647,364,000 0.45%
Vertex Pharmaceuticals, Inc.
13.02%
1,536
$642,063,000 0.45%
Caterpillar Inc.
0.63%
1,746
$639,747,000 0.45%
Cisco Sys Inc
9.55%
12,792
$638,449,000 0.45%
Intel Corp.
9.88%
14,158
$625,359,000 0.44%
Adobe Inc
11.95%
1,230
$620,658,000 0.43%
Macys Inc
0.78%
30,984
$619,370,000 0.43%
Fedex Corp
2.26%
2,128
$616,567,000 0.43%
KLA Corp.
35.51%
851
$594,483,000 0.41%
Cognizant Technology Solutio
4.39%
8,100
$593,649,000 0.41%
Philip Morris International Inc
Opened
5,993
$549,079,000 0.38%
Laboratory Corp Amer Hldgs
7.54%
2,495
$545,058,000 0.38%
Hunt J B Trans Svcs Inc
5.13%
2,706
$539,171,000 0.38%
Coca-Cola Co
14.31%
8,677
$530,859,000 0.37%
Unitedhealth Group Inc
18.09%
1,055
$521,909,000 0.36%
Cadence Design System Inc
0.77%
1,667
$518,904,000 0.36%
Hormel Foods Corp.
42.77%
14,711
$513,267,000 0.36%
Taiwan Semiconductor Mfg Ltd
12.94%
3,762
$511,820,000 0.36%
Verisk Analytics Inc
4.87%
2,151
$507,055,000 0.35%
Spdr Ser Tr
Opened
5,766
$503,314,000 0.35%
Invesco Exch Traded Fd Tr Ii
Opened
6,209
$498,086,000 0.35%
Intuit Inc
5.27%
755
$490,750,000 0.34%
Starbucks Corp.
7.01%
5,310
$485,281,000 0.34%
Snap-on, Inc.
4.17%
1,625
$481,358,000 0.34%
Vanguard Specialized Funds
No change
2,590
$472,960,000 0.33%
L3Harris Technologies Inc
18.12%
2,110
$449,641,000 0.31%
Deckers Outdoor Corp.
9.11%
467
$439,568,000 0.31%
Hershey Company
18.26%
2,247
$437,042,000 0.31%
Booking Holdings Inc
12.15%
120
$435,346,000 0.30%
Vanguard Index Fds
Opened
903
$434,246,000 0.30%
Unilever plc
Closed
8,788
$426,042,000
Gallagher Arthur J & Co
40.30%
1,685
$421,317,000 0.29%
Electronic Arts, Inc.
14.06%
2,994
$397,214,000 0.28%
Merck & Co Inc
0.78%
2,987
$394,135,000 0.28%
Phillips 66
12.29%
2,198
$359,021,000 0.25%
Union Pac Corp
8.11%
1,451
$356,844,000 0.25%
Freeport-McMoRan Inc
14.93%
7,506
$352,932,000 0.25%
Amdocs Ltd
10.81%
3,905
$352,895,000 0.25%
Motorola Solutions Inc
9.62%
991
$351,785,000 0.25%
Astrazeneca plc
15.78%
5,152
$349,048,000 0.24%
Vanguard Charlotte Fds
5.26%
7,058
$347,183,000 0.24%
Royal Caribbean Group
10.27%
2,490
$346,135,000 0.24%
Henry Schein Inc.
15.68%
4,575
$345,504,000 0.24%
American Centy Etf Tr
Opened
5,261
$338,072,000 0.24%
Danaher Corp.
4.00%
1,344
$335,624,000 0.23%
Moodys Corp
1.08%
843
$331,324,000 0.23%
Costar Group, Inc.
6.57%
3,404
$328,826,000 0.23%
Nike, Inc.
Closed
3,018
$327,664,000
Abbvie Inc
1.28%
1,741
$317,006,000 0.22%
Datadog Inc
9.73%
2,527
$312,337,000 0.22%
Dexcom Inc
Opened
2,239
$310,549,000 0.22%
Texas Instrs Inc
Closed
1,780
$303,419,000
Mcdonalds Corp
Opened
1,076
$303,378,000 0.21%
Godaddy Inc
10.13%
2,544
$301,922,000 0.21%
Costco Whsl Corp New
10.16%
412
$301,844,000 0.21%
Home Depot, Inc.
6.03%
779
$298,824,000 0.21%
Cheniere Energy Inc.
8.53%
1,832
$295,465,000 0.21%
FMC Corp.
Closed
4,686
$295,452,000
HDFC Bank Ltd.
Opened
5,261
$294,458,000 0.21%
Henry Jack & Assoc Inc
12.73%
1,665
$289,260,000 0.20%
Monolithic Pwr Sys Inc
9.53%
427
$289,258,000 0.20%
West Pharmaceutical Svsc Inc
1.14%
712
$281,746,000 0.20%
Ameriprise Finl Inc
0.80%
631
$276,656,000 0.19%
Constellation Brands, Inc.
Opened
1,017
$276,380,000 0.19%
S&P Global Inc
11.25%
623
$265,055,000 0.19%
Ark Etf Tr
2.92%
5,291
$264,973,000 0.18%
Northrop Grumman Corp.
11.70%
551
$263,742,000 0.18%
Sherwin-Williams Co.
9.88%
756
$262,581,000 0.18%
Tesla Inc
Closed
1,047
$260,159,000
Marvell Technology Inc
2.07%
3,602
$255,310,000 0.18%
Edwards Lifesciences Corp
Opened
2,667
$254,859,000 0.18%
Copart, Inc.
22.59%
4,369
$253,052,000 0.18%
Janus Detroit Str Tr
Opened
5,200
$252,200,000 0.18%
Biomarin Pharmaceutical Inc.
39.20%
2,871
$250,753,000 0.18%
Ishares Tr
Opened
6,728
$457,518,000 0.32%
Progressive Corp.
Opened
1,202
$248,598,000 0.17%
Sanofi
20.08%
5,108
$248,249,000 0.17%
Procter And Gamble Co
6.27%
1,526
$247,594,000 0.17%
Vanguard Intl Equity Index F
Closed
4,379
$245,837,000
Paychex Inc.
2.51%
1,979
$243,021,000 0.17%
Chipotle Mexican Grill
Opened
83
$241,262,000 0.17%
Argenx Se
9.52%
610
$240,169,000 0.17%
Evergy Inc
13.91%
4,395
$234,605,000 0.16%
Fortive Corp
Opened
2,712
$233,286,000 0.16%
Idexx Labs Inc
55.20%
422
$227,850,000 0.16%
American Tower Corp.
15.20%
1,149
$227,067,000 0.16%
CSX Corp.
Opened
6,108
$226,424,000 0.16%
Dbx Etf Tr
1.19%
5,467
$224,420,000 0.16%
Accenture Plc Ireland
12.69%
647
$224,104,000 0.16%
Vanguard Scottsdale Fds
Opened
3,853
$223,715,000 0.16%
Intercontinental Exchange In
Opened
1,621
$222,774,000 0.16%
Novartis AG
Closed
2,185
$220,619,000
Stryker Corp.
Opened
616
$220,448,000 0.15%
MongoDB Inc
9.52%
610
$218,770,000 0.15%
Abbott Labs
2.24%
1,919
$218,163,000 0.15%
Intuitive Surgical Inc
Closed
646
$217,935,000
Blackrock Inc.
0.77%
261
$217,596,000 0.15%
Select Sector Spdr Tr
Opened
2,619
$213,868,000 0.15%
EBay Inc.
Opened
3,970
$209,537,000 0.15%
Pacer Fds Tr
Opened
6,032
$209,310,000 0.15%
Invesco Exchange Traded Fd T
Opened
1,900
$209,095,000 0.15%
MSCI Inc
Closed
369
$208,725,000
Analog Devices Inc.
Closed
1,036
$205,737,000
Lockheed Martin Corp.
Opened
450
$204,692,000 0.14%
Blackstone Inc
5.65%
1,536
$201,784,000 0.14%
Discover Finl Svcs
Opened
1,538
$201,616,000 0.14%
Wisdomtree Tr
Closed
10,976
$185,824,000
No transactions found
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