Front Street Capital Management 13F annual report
Front Street Capital Management is an investment fund managing more than $522 million ran by Virginia Belker. There are currently 72 companies in Mrs. Belker’s portfolio. The largest investments include Cognex and General Electric Co, together worth $91.4 million.
$522 million Assets Under Management (AUM)
As of 7th August 2024, Front Street Capital Management’s top holding is 1,061,641 shares of Cognex currently worth over $49.6 million and making up 9.5% of the portfolio value.
Relative to the number of outstanding shares of Cognex, Front Street Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 262,956 shares of General Electric Co worth $41.8 million.
The third-largest holding is Berkshire Hathaway worth $38.2 million and the next is Vanguard Sp 500 Etf worth $35.6 million, with 71,139 shares owned.
Currently, Front Street Capital Management's portfolio is worth at least $522 million. 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 Front Street Capital Management
The Front Street Capital Management office and employees reside in Missoula, Montana. According to the last 13-F report filed with the SEC, Virginia Belker serves as the Compliance Manager at Front Street Capital Management.
Recent trades
In the most recent 13F filing, Front Street Capital Management revealed that it had opened a new position in
Ge Vernova Inc and bought 65,507 shares worth $11.2 million.
The investment fund also strengthened its position in Cognex by buying
50,212 additional shares.
This makes their stake in Cognex total 1,061,641 shares worth $49.6 million.
Cognex dropped 20.1% in the past year.
On the other hand, there are companies that Front Street Capital Management is getting rid of from its portfolio.
Front Street Capital Management closed its position in Twilio Inc on 14th August 2024.
It sold the previously owned 12,703 shares for $964 thousand.
Virginia Belker also disclosed a decreased stake in General Electric Co by approximately 0.1%.
This leaves the value of the investment at $41.8 million and 262,956 shares.
One of the smallest hedge funds
The two most similar investment funds to Front Street Capital Management are Autus Asset Management and S&t Bank/pa. They manage $522 million and $521 million respectively.
Virginia Belker investment strategy
Front Street Capital Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Industrials — making up 24.3% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% 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
25% 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 $123 billion.
The complete list of Front Street Capital Management trades based on 13F SEC filings
These positions were updated on August 14th 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 |
|---|---|---|---|
| Cognex Corp. |
4.96%
1,061,641
|
$49,555,000 | 9.50% |
| General Electric Co |
2.20%
262,956
|
$41,802,000 | 8.01% |
| Berkshire Hathaway Inc. |
4.40%
92,087
|
$38,165,000 | 7.32% |
| Vanguard Sp 500 Etf |
9.88%
71,139
|
$35,564,000 | 6.82% |
| Danaher Corp Del Com |
4.42%
133,827
|
$33,437,000 | 6.41% |
| Costco Wholesale Corp |
11.21%
38,734
|
$32,923,000 | 6.31% |
| Manitowoc Co., Inc. |
8.59%
2,806,642
|
$32,361,000 | 6.20% |
| St Joe Cp Com |
7.11%
505,852
|
$27,670,000 | 5.30% |
| Miller Knoll Inc |
1.34%
676,915
|
$17,931,000 | 3.44% |
| Esab Corportaion Com |
1.30%
180,363
|
$17,032,000 | 3.26% |
| Nucor Corp. |
3.71%
101,343
|
$16,020,000 | 3.07% |
| Terex Corp. |
0.80%
285,575
|
$15,661,000 | 3.00% |
| Lumen Technologies, Inc. |
70.26%
11,661,112
|
$12,827,000 | 2.46% |
| Ge Vernova Inc |
Opened
65,507
|
$11,235,000 | 2.15% |
| Corning, Inc. |
19.89%
248,488
|
$9,654,000 | 1.85% |
| Enovis Corporation Com |
1.43%
210,545
|
$9,517,000 | 1.82% |
| Coherent Corp |
10.90%
128,458
|
$9,308,000 | 1.78% |
| Vontier Corporation |
4.91%
218,943
|
$8,364,000 | 1.60% |
| Modine Manufacturing Co. |
1.26%
77,904
|
$7,805,000 | 1.50% |
| Apple Computer Inc |
1.38%
33,397
|
$7,035,000 | 1.35% |
| Global Payments, Inc. |
4.53%
66,600
|
$6,440,000 | 1.23% |
| Chipotle Mexican Grill |
4,742.93%
101,750
|
$6,375,000 | 1.22% |
| Ge Healthcare Technologies |
5.85%
81,732
|
$6,369,000 | 1.22% |
| Lumentum Holdings Inc |
0.55%
116,821
|
$5,949,000 | 1.14% |
| CIENA Corp. |
1.43%
112,717
|
$5,431,000 | 1.04% |
| Microsoft Corporation |
1.96%
10,878
|
$4,824,000 | 0.92% |
| Parker-Hannifin Corp. |
2.73%
9,299
|
$4,704,000 | 0.90% |
| Ats Corp |
869.86%
136,750
|
$4,418,000 | 0.85% |
| Expeditors International Of Wa |
10.29%
34,527
|
$4,309,000 | 0.83% |
| Bank Of America Corp. |
19.06%
109,498
|
$4,230,000 | 0.81% |
| Veralto Corp |
5.52%
43,787
|
$4,180,000 | 0.80% |
| Envista |
3.33%
187,591
|
$3,120,000 | 0.60% |
| Mcdonalds Corp |
No change
9,713
|
$2,475,000 | 0.47% |
| Kimball Electronics Inc |
19.48%
101,072
|
$2,222,000 | 0.43% |
| Procter Gamble Co |
1.66%
10,923
|
$1,859,000 | 0.36% |
| Standard Poors Depositary Re |
215.31%
2,904
|
$1,580,000 | 0.30% |
| Interface Inc. |
26.98%
104,077
|
$1,528,000 | 0.29% |
| Chevron Corp. |
7.96%
9,453
|
$1,479,000 | 0.28% |
| Rogers Corp. |
63.61%
11,808
|
$1,424,000 | 0.27% |
| Fairfax Financial |
13.29%
1,050
|
$1,165,000 | 0.22% |
| Glacier Bancorp, Inc. |
1.58%
28,878
|
$1,078,000 | 0.21% |
| Twilio Inc |
Closed
12,703
|
$964,000 | |
| Nvidia Corp Com |
909.93%
7,625
|
$942,000 | 0.18% |
| Vanguard Total Stock Market Et |
No change
3,423
|
$916,000 | 0.18% |
| Tesla Motors Inc Com |
No change
4,092
|
$810,000 | 0.16% |
| Starbucks Corp. |
2.65%
9,920
|
$772,000 | 0.15% |
| Belden Inc |
0.82%
7,221
|
$677,000 | 0.13% |
| Amazon.com Inc. |
0.61%
3,271
|
$603,000 | 0.12% |
| Container Store Group Inc |
48.28%
1,061,190
|
$573,000 | 0.11% |
| Rollins, Inc. |
1.92%
11,625
|
$567,000 | 0.11% |
| Markel Cp Com |
11.22%
348
|
$532,000 | 0.10% |
| Wells Fargo And Co New |
5.55%
8,771
|
$521,000 | 0.10% |
| Colgate-Palmolive Co. |
No change
5,106
|
$495,000 | 0.09% |
| SEI Investments Co. |
0.04%
7,331
|
$474,000 | 0.09% |
| Coca-Cola Co |
0.80%
7,398
|
$472,000 | 0.09% |
| Google Inc Cl A |
0.70%
2,133
|
$376,000 | 0.07% |
| Jpmorgan Chase And Co |
7.50%
1,752
|
$354,000 | 0.07% |
| Verizon Communications Inc |
33.17%
8,424
|
$347,000 | 0.07% |
| Martinrea International Inc Co |
1.96%
39,957
|
$336,000 | 0.06% |
| Adobe Systems Inc Com |
No change
550
|
$306,000 | 0.06% |
| PayPal Holdings Inc |
15.34%
4,663
|
$300,000 | 0.06% |
| Eaton Corp |
7.11%
914
|
$287,000 | 0.06% |
| Northrop Grumman Corp Com |
0.80%
628
|
$274,000 | 0.05% |
| Target Corp |
No change
1,775
|
$262,000 | 0.05% |
| Ishares Russell 2000 Idx Fund |
7.80%
1,288
|
$261,000 | 0.05% |
| Novo Nordisk A/s-adr Repstg 1/ |
No change
1,648
|
$235,000 | 0.05% |
| Boeing Co. |
Closed
883
|
$230,000 | |
| Dimensional Etf Tr Us Equity E |
Closed
4,223
|
$219,000 | |
| Merck Co Inc |
No change
1,749
|
$217,000 | 0.04% |
| Google Inc Cl C |
No change
1,160
|
$213,000 | 0.04% |
| Johnson And Johnson |
No change
1,421
|
$208,000 | 0.04% |
| Tennant Co Com |
Closed
2,201
|
$204,000 | |
| Us Bancorp Del |
Closed
3,775
|
$163,000 | |
| RTX Corp |
Closed
1,918
|
$161,000 | |
| Deere And Co Com |
Closed
366
|
$146,000 | |
| Schwab 1000 Index |
Opened
1,182
|
$135,000 | 0.03% |
| Pfizer Inc. |
Closed
4,697
|
$135,000 | |
| Illinois Tool Works, Inc. |
Closed
500
|
$131,000 | |
| Ibm |
Closed
800
|
$131,000 | |
| Medtronic Inc |
Closed
1,541
|
$127,000 | |
| Exxon Mobil Corp. |
Closed
1,268
|
$127,000 | |
| American Express Co. |
Closed
675
|
$126,000 | |
| Csx Corp Com |
Closed
3,593
|
$125,000 | |
| Source Capital, Inc. |
Closed
3,038
|
$123,000 | |
| Advanced Micro Devices Inc. |
Closed
825
|
$122,000 | |
| AMGEN Inc. |
Closed
423
|
$122,000 | |
| Meta Platforms Inc |
Closed
343
|
$121,000 | |
| Att |
Closed
7,234
|
$121,000 | |
| Vestas Wind Systems Com |
Opened
15,000
|
$115,000 | 0.02% |
| Comcast Corp New Cl A |
Closed
2,632
|
$115,000 | |
| Qualcomm, Inc. |
Closed
766
|
$111,000 | |
| Abbvie Inc |
Closed
709
|
$110,000 | |
| Biogen Idec Inc |
Closed
400
|
$104,000 | |
| Motorola Solutions Inc |
Closed
329
|
$103,000 | |
| Cisco Systems, Inc. |
Closed
2,002
|
$101,000 | |
| FIGS, Inc. |
No change
10,600
|
$56,000 | 0.01% |
| Purple Innovation Inc |
No change
39,427
|
$41,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 97 holdings | |||
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