Lau Associates 13F annual report
Lau Associates is an investment fund managing more than $201 million ran by Stephen Wellman. There are currently 87 companies in Mr. Wellman’s portfolio. The largest investments include Jp Morgan Ultra Short Income Etf and Apple, together worth $55 million.
$201 million Assets Under Management (AUM)
As of 7th October 2020, Lau Associates’s top holding is 679,594 shares of Jp Morgan Ultra Short Income Etf currently worth over $34.3 million and making up 17.1% of the portfolio value.
In addition, the fund holds 70,569 shares of Apple worth $20.7 million, whose value grew 68.8% in the past six months.
The third-largest holding is Intel worth $9.43 million and the next is Johnson Johnson worth $8.26 million, with 56,622 shares owned.
Currently, Lau Associates's portfolio is worth at least $201 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 Lau Associates
The Lau Associates office and employees reside in Greenville, Delaware. According to the last 13-F report filed with the SEC, Stephen Wellman serves as the President at Lau Associates.
Recent trades
In the most recent 13F filing, Lau Associates revealed that it had opened a new position in
Vanguard Ftse Developed Mkts Etf and bought 5,140 shares worth $226 thousand.
The investment fund also strengthened its position in Jp Morgan Ultra Short Income Etf by buying
57,122 additional shares.
This makes their stake in Jp Morgan Ultra Short Income Etf total 679,594 shares worth $34.3 million.
On the other hand, there are companies that Lau Associates is getting rid of from its portfolio.
Lau Associates closed its position in AbbVie on 5th February 2020.
It sold the previously owned 6,251 shares for $473 thousand.
Stephen Wellman also disclosed a decreased stake in Apple by approximately 0.1%.
This leaves the value of the investment at $20.7 million and 70,569 shares.
One of the smaller hedge funds
The two most similar investment funds to Lau Associates are Eldridge Investment Advisors and Sonic Fund Ii, L.P.. They manage $201 million and $201 million respectively.
Stephen Wellman investment strategy
Lau Associates’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 13.6% of
the total portfolio value.
The fund focuses on investments in the United States as
59.8% 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
52% of the total holdings value.
On the other hand, small-cap stocks make up only 1.1% of the portfolio.
The average market cap of the portfolio companies is close to $222 billion.
The complete list of Lau Associates trades based on 13F SEC filings
These positions were updated on February 5th 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 |
|---|---|---|---|
| Jp Morgan Ultra Short Income Etf |
9.18%
679,594
|
$34,272,000 | 17.06% |
| Apple, Inc. |
0.74%
70,569
|
$20,723,000 | 10.32% |
| Intel Corp. |
0.08%
157,601
|
$9,432,000 | 4.70% |
| Johnson Johnson |
0.85%
56,622
|
$8,259,000 | 4.11% |
| ConocoPhillips |
0.54%
111,181
|
$7,230,000 | 3.60% |
| Pepsico Inc |
No change
51,860
|
$7,088,000 | 3.53% |
| Phillips 66 |
No change
61,478
|
$6,849,000 | 3.41% |
| Accenture Plc |
0.04%
23,632
|
$4,976,000 | 2.48% |
| Microsoft Corp. |
0.86%
29,989
|
$4,729,000 | 2.35% |
| Du Pont E I De Nemour Co |
No change
62,750
|
$4,029,000 | 2.01% |
| Procter Gamble Co |
1.27%
31,182
|
$3,895,000 | 1.94% |
| Dow, Inc. |
No change
62,750
|
$3,434,000 | 1.71% |
| Idexx Labs Inc |
0.44%
12,367
|
$3,229,000 | 1.61% |
| Merck Co Inc |
1.20%
35,357
|
$3,216,000 | 1.60% |
| I Shares Tr |
1.54%
99,764
|
$11,630,000 | 5.79% |
| Jp Morgan Chase Co |
1.49%
21,525
|
$3,001,000 | 1.49% |
| 3M Co. |
0.32%
15,514
|
$2,737,000 | 1.36% |
| Vanguard Dividend Apprec Etf |
16.60%
19,575
|
$2,440,000 | 1.21% |
| Kla -tencor Corp |
1.45%
13,600
|
$2,423,000 | 1.21% |
| Hasbro, Inc. |
0.90%
21,900
|
$2,313,000 | 1.15% |
| NIKE, Inc. |
No change
22,380
|
$2,267,000 | 1.13% |
| Alphabet, Inc. |
No change
1,620
|
$2,170,000 | 1.08% |
| United Healthcare Corp |
0.48%
7,096
|
$2,086,000 | 1.04% |
| The Coca-Cola Co. |
0.37%
36,239
|
$2,006,000 | 1.00% |
| United Technologies Corp |
No change
11,162
|
$1,672,000 | 0.83% |
| Facebook, Inc. |
0.86%
7,872
|
$1,616,000 | 0.80% |
| Altria Group, Inc. |
No change
31,000
|
$1,547,000 | 0.77% |
| Alaska Air Group, Inc. |
0.87%
22,800
|
$1,545,000 | 0.77% |
| Discover Financial Services |
No change
17,464
|
$1,481,000 | 0.74% |
| Exxon Mobil Corp. |
No change
20,553
|
$1,434,000 | 0.71% |
| Comcast Corp |
1.57%
31,266
|
$1,406,000 | 0.70% |
| Lowes Companies Inc |
1.04%
11,663
|
$1,397,000 | 0.70% |
| Amazon.com, Inc. |
4.32%
753
|
$1,391,000 | 0.69% |
| Cisco Systems, Inc. |
2.10%
27,941
|
$1,340,000 | 0.67% |
| The Goldman Sachs Group, Inc. |
No change
5,798
|
$1,333,000 | 0.66% |
| Philip Morris Int'l Inc |
0.66%
15,136
|
$1,288,000 | 0.64% |
| Zimmer Biomet Holdings, Inc. |
No change
8,300
|
$1,242,000 | 0.62% |
| Lincoln National Corp. |
1.92%
20,400
|
$1,204,000 | 0.60% |
| Chevron Corp. |
0.71%
9,567
|
$1,153,000 | 0.57% |
| Corteva, Inc. |
38.72%
38,454
|
$1,137,000 | 0.57% |
| Constellation Brands, Inc. |
No change
5,905
|
$1,120,000 | 0.56% |
| Johnson Controls Inc |
No change
27,300
|
$1,111,000 | 0.55% |
| Incyte Corp. |
No change
12,532
|
$1,094,000 | 0.54% |
| Biogen Idec Inc |
No change
3,608
|
$1,071,000 | 0.53% |
| Alphabet, Inc. |
No change
753
|
$1,007,000 | 0.50% |
| Nucor Corp. |
1.13%
17,575
|
$989,000 | 0.49% |
| The Boeing Co. |
No change
2,800
|
$912,000 | 0.45% |
| AbbVie, Inc. |
188.97%
9,559
|
$866,000 | 0.43% |
| Visa, Inc. |
1.46%
4,578
|
$860,000 | 0.43% |
| Oracle Corp. |
No change
15,017
|
$796,000 | 0.40% |
| DaVita, Inc. |
No change
10,600
|
$795,000 | 0.40% |
| Citigroup, Inc. |
No change
9,900
|
$791,000 | 0.39% |
| Abbott Laboratories |
No change
8,695
|
$755,000 | 0.38% |
| Amgen, Inc. |
1.11%
3,016
|
$727,000 | 0.36% |
| Tjx Companies Inc |
40.94%
11,900
|
$727,000 | 0.36% |
| Booking Holdings, Inc. |
No change
350
|
$719,000 | 0.36% |
| Met Life Inc |
No change
10,803
|
$551,000 | 0.27% |
| Int'l Business Machines Corp |
0.20%
3,925
|
$526,000 | 0.26% |
| Mastercard, Inc. |
No change
1,700
|
$508,000 | 0.25% |
| Canadian Solar, Inc. |
No change
22,900
|
$506,000 | 0.25% |
| Stryker Corp. |
No change
2,400
|
$504,000 | 0.25% |
| AbbVie, Inc. |
Closed
6,251
|
$473,000 | |
| Prudential Financial, Inc. |
1.96%
5,000
|
$469,000 | 0.23% |
| The Chemours Co. |
No change
24,686
|
$447,000 | 0.22% |
| NextEra Energy, Inc. |
No change
1,750
|
$424,000 | 0.21% |
| Aberdeen Standard Swiss Gold Etf |
900.00%
28,630
|
$419,000 | 0.21% |
| Us Bancorp |
No change
7,000
|
$415,000 | 0.21% |
| Wells Fargo Company |
2.48%
6,612
|
$356,000 | 0.18% |
| Honeywell International, Inc. |
No change
2,008
|
$355,000 | 0.18% |
| Sysco Corp. |
4.81%
4,055
|
$347,000 | 0.17% |
| Canopy Growth Corp. |
Closed
13,860
|
$318,000 | |
| Royal Dutch Shell A Adr |
2.48%
5,266
|
$311,000 | 0.15% |
| F5 Networks, Inc. |
No change
2,200
|
$307,000 | 0.15% |
| The PNC Financial Services Group, Inc. |
No change
1,915
|
$306,000 | 0.15% |
| Verizon Communications, Inc. |
2.08%
4,712
|
$289,000 | 0.14% |
| Sp Global Inc |
No change
1,000
|
$273,000 | 0.14% |
| First Solar, Inc. |
No change
4,850
|
$271,000 | 0.13% |
| Union Pacific Corp. |
No change
1,498
|
$271,000 | 0.13% |
| Marsh Mclennan Co Inc |
No change
2,359
|
$263,000 | 0.13% |
| Air Products Chemicals Inc |
No change
1,090
|
$256,000 | 0.13% |
| Schlumberger Ltd |
15.39%
6,235
|
$251,000 | 0.12% |
| Vanguard Ftse Developed Mkts Etf |
Opened
5,140
|
$226,000 | 0.11% |
| Delta Air Lines, Inc. |
No change
3,760
|
$220,000 | 0.11% |
| Disney Walt Hldg Co |
Opened
1,432
|
$207,000 | 0.10% |
| The Home Depot, Inc. |
Closed
880
|
$204,000 | |
| General Electric Co. |
No change
14,945
|
$167,000 | 0.08% |
| Tpg Telecom Limited Ord |
Opened
32,000
|
$151,000 | 0.08% |
| DURECT Corp. |
No change
36,000
|
$137,000 | 0.07% |
| Sprint Corp |
No change
25,000
|
$130,000 | 0.06% |
| T2 Biosystems, Inc. |
Closed
12,700
|
$32,000 | |
| Idera Pharmaceuticals, Inc. |
49.76%
15,349
|
$28,000 | 0.01% |
| Celadon Group Inc |
Closed
20,000
|
$25,000 | |
| No transactions found | |||
| Showing first 500 out of 92 holdings | |||
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