Riverbridge Partners 13F annual report

Riverbridge Partners is an investment fund managing more than $7.36 trillion ran by Lois Beckmen. There are currently 177 companies in Mrs. Beckmen’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $523 billion.

Limited to 30 biggest holdings

$7.36 trillion Assets Under Management (AUM)

As of 10th July 2024, Riverbridge Partners’s top holding is 590,484 shares of Microsoft currently worth over $264 billion and making up 3.6% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Riverbridge Partners owns more than approximately 0.1% of the company. In addition, the fund holds 2,094,285 shares of NVIDIA Corp worth $259 billion, whose value fell 77.5% in the past six months. The third-largest holding is Globant S.A worth $229 billion and the next is Grand Canyon Education Inc worth $226 billion, with 1,614,475 shares owned.

Currently, Riverbridge Partners's portfolio is worth at least $7.36 trillion. 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 Riverbridge Partners

The Riverbridge Partners office and employees reside in Minneapolis, Minnesota. According to the last 13-F report filed with the SEC, Lois Beckmen serves as the Compliance Associate at Riverbridge Partners.

Recent trades

In the most recent 13F filing, Riverbridge Partners revealed that it had opened a new position in Doximity and bought 1,328,325 shares worth $37.2 billion. This means they effectively own approximately 0.1% of the company. Doximity makes up 2.8% of the fund's Health Care sector allocation and has decreased its share price by 22.8% in the past year.

The investment fund also strengthened its position in NVIDIA Corp by buying 1,820,531 additional shares. This makes their stake in NVIDIA Corp total 2,094,285 shares worth $259 billion. NVIDIA Corp dropped 72.8% in the past year.

On the other hand, there are companies that Riverbridge Partners is getting rid of from its portfolio. Riverbridge Partners closed its position in Model N Inc on 17th July 2024. It sold the previously owned 1,251,249 shares for $33.7 billion. Lois Beckmen also disclosed a decreased stake in Microsoft by approximately 0.1%. This leaves the value of the investment at $264 billion and 590,484 shares.

One of the largest hedge funds

The two most similar investment funds to Riverbridge Partners are Matrix Capital Management , L.P. and Banco Bilbao Vizcaya Argentaria, S.A.. They manage $7.36 trillion and $7.38 trillion respectively.


Lois Beckmen investment strategy

Riverbridge Partners’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 36.8% of the total portfolio value. The fund focuses on investments in the United States as 53.1% 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 29% 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 $92.9 billion.

The complete list of Riverbridge Partners trades based on 13F SEC filings

These positions were updated on July 17th 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
Microsoft Corporation
5.64%
590,484
$263,916,787,000 3.59%
NVIDIA Corp
665.02%
2,094,285
$258,727,987,000 3.52%
Globant S.A.
1.25%
1,282,221
$228,568,738,000 3.11%
Grand Canyon Education Inc
6.21%
1,614,475
$225,881,135,000 3.07%
HEICO Corporation
3.64%
1,000,883
$223,807,399,000 3.04%
RB Global Inc
14.07%
2,895,323
$221,086,882,000 3.00%
Medpace Holdings Inc
17.84%
535,996
$220,750,027,000 3.00%
Tyler Technologies, Inc.
3.67%
391,588
$196,882,716,000 2.68%
West Pharmaceutical Services, Inc.
3.77%
486,936
$160,391,877,000 2.18%
Ensign Group Inc
1.52%
1,274,065
$157,589,063,000 2.14%
Five Below Inc
5.70%
1,377,908
$150,150,602,000 2.04%
SPS Commerce Inc.
3.09%
771,603
$145,184,747,000 1.97%
Costar Group, Inc.
14.83%
1,927,442
$142,900,524,000 1.94%
Rollins, Inc.
2.33%
2,926,510
$142,784,409,000 1.94%
Guidewire Software Inc
1.47%
1,023,129
$141,079,290,000 1.92%
Fastenal Co.
16.49%
2,238,182
$140,647,361,000 1.91%
Amazon.com Inc.
5.74%
719,515
$139,046,335,000 1.89%
Workiva Inc
2.09%
1,829,712
$133,550,710,000 1.81%
Floor & Decor Holdings Inc
13.52%
1,299,722
$129,205,318,000 1.76%
Freshpet Inc
3.19%
993,501
$128,549,039,000 1.75%
Ansys Inc.
9.39%
391,925
$126,003,735,000 1.71%
Kinsale Capital Group, Inc.
27.47%
294,884
$113,612,836,000 1.54%
Paylocity Holding Corp
0.03%
812,189
$107,087,113,000 1.46%
Verisk Analytics Inc
0.69%
386,918
$104,293,746,000 1.42%
Analog Devices Inc.
5.45%
441,931
$100,875,241,000 1.37%
Exponent Inc.
0.91%
947,145
$90,092,434,000 1.22%
Privia Health Group, Inc.
18.51%
5,146,217
$89,441,256,000 1.22%
ServiceNow Inc
5.78%
113,286
$89,118,580,000 1.21%
Descartes Systems Group Inc
29.08%
910,909
$88,212,443,000 1.20%
BlackLine Inc
4.20%
1,815,562
$87,963,979,000 1.20%
Paycom Software Inc
40.88%
593,346
$84,872,173,000 1.15%
S&P Global Inc
5.74%
183,829
$81,987,853,000 1.11%
Salesforce Inc
5.93%
317,895
$81,730,683,000 1.11%
Alarm.com Holdings Inc
18.14%
1,266,757
$80,489,708,000 1.09%
Unitedhealth Group Inc
5.50%
154,749
$78,807,633,000 1.07%
Cognex Corp.
2.35%
1,603,028
$74,957,572,000 1.02%
Ccc Intelligent Solutions Hold
1.73%
6,717,726
$74,633,938,000 1.01%
Veeva Systems Inc
5.64%
393,222
$71,963,603,000 0.98%
Danaher Corp.
5.76%
285,182
$71,252,796,000 0.97%
Godaddy Inc
12.71%
483,662
$67,572,358,000 0.92%
Align Technology, Inc.
8.27%
279,566
$67,495,631,000 0.92%
Repligen Corp.
28.96%
527,872
$66,543,561,000 0.90%
Alphabet, Inc. Class A
8.29%
364,587
$66,409,459,000 0.90%
Acv Auctions, Inc.
0.75%
3,479,760
$63,505,624,000 0.86%
Watsco, Inc.
13.26%
135,284
$62,668,897,000 0.85%
DoubleVerify Holdings, Inc.
34.74%
3,125,851
$60,860,317,000 0.83%
Charles River Laboratories Int
11.00%
289,272
$59,757,743,000 0.81%
Bio-Techne Corp
17.02%
827,087
$59,260,816,000 0.81%
Kadant, Inc.
9.43%
201,699
$59,255,118,000 0.81%
Glaukos Corporation
8.87%
493,075
$58,355,427,000 0.79%
Entegris Inc
52.49%
423,497
$57,341,515,000 0.78%
Idexx Laboratories, Inc.
5.88%
109,524
$53,360,216,000 0.73%
Powerschool Holdings, Inc.
53.16%
2,378,198
$53,247,845,000 0.72%
Progyny Inc
0.57%
1,839,380
$52,624,669,000 0.72%
Option Care Health, Inc.
1.32%
1,815,694
$50,294,719,000 0.68%
Alphabet, Inc. Class C
9.15%
263,131
$48,263,495,000 0.66%
Visa Inc
5.86%
183,870
$48,260,231,000 0.66%
Chemed Corp.
9.57%
87,787
$47,631,651,000 0.65%
Tesla Inc
3,260.22%
220,128
$43,558,976,000 0.59%
WillScot Mobile Mini Holdings Corp
9.25%
1,155,969
$43,510,688,000 0.59%
Trade Desk Inc
0.24%
442,226
$43,192,173,000 0.59%
Starbucks Corp.
6.17%
538,102
$41,891,268,000 0.57%
Netflix Inc.
6.02%
61,016
$41,178,714,000 0.56%
Power Integrations Inc.
9.34%
582,231
$40,866,817,000 0.56%
Toast, Inc.
23.61%
1,552,637
$40,011,447,000 0.54%
Doximity, Inc.
Opened
1,328,325
$37,153,240,000 0.50%
Certara, Inc.
3.82%
2,638,667
$36,545,535,000 0.50%
Squarespace, Inc.
62.07%
795,495
$34,707,439,000 0.47%
Grid Dynamics Holdings, Inc.
1.50%
3,278,688
$34,459,007,000 0.47%
Model N Inc
Closed
1,251,249
$33,696,143,000
Motorola Solutions Inc
5.30%
86,865
$33,534,154,000 0.46%
U.s. Physical Therapy, Inc.
9.11%
347,799
$32,143,550,000 0.44%
Neogen Corp.
3.52%
2,029,446
$31,720,245,000 0.43%
Five9 Inc
2.36%
700,779
$30,904,365,000 0.42%
Jack Henry & Associates, Inc.
14.78%
171,553
$28,481,174,000 0.39%
Paycor Hcm, Inc.
18.73%
2,239,040
$28,435,812,000 0.39%
Fair Isaac Corp.
Opened
18,941
$28,196,362,000 0.38%
Jamf Holdings Corporation
Opened
1,677,152
$27,673,003,000 0.38%
Pennant Group Inc
8.20%
1,140,469
$26,447,466,000 0.36%
Kornit Digital Ltd
1.34%
1,687,439
$24,704,110,000 0.34%
Transcat Inc
Opened
200,531
$23,999,538,000 0.33%
Riverbridge Growth Fund - Inst
4.05%
678,011
$22,198,095,000 0.30%
Stevanato Group Spa
8.03%
1,172,388
$21,501,602,000 0.29%
International Money Express, I
Closed
961,410
$21,237,547,000
Goosehead Insurance Inc
9.34%
340,734
$19,571,752,000 0.27%
AMN Healthcare Services Inc.
42.29%
341,194
$17,479,356,000 0.24%
Definitive Healthcare Corporat
Closed
1,739,202
$17,287,665,000
ZoomInfo Technologies Inc.
4.75%
1,334,479
$17,041,295,000 0.23%
Phreesia Inc
6.57%
778,645
$16,507,264,000 0.22%
OrthoPediatrics corp
8.18%
458,095
$13,174,814,000 0.18%
Vanguard Index Fds Extend Mkt
3.27%
50,179
$8,469,791,000 0.12%
Apple Inc
57.93%
34,138
$7,190,146,000 0.10%
Hillman Solutions Corporation
Opened
787,296
$6,967,569,000 0.09%
Ishares Core S&p 500 Etf
14.48%
11,936
$6,531,848,000 0.09%
Linde Plc.
2.20%
14,263
$6,258,747,000 0.09%
Alkami Technology, Inc.
Opened
185,333
$5,278,284,000 0.07%
Equifax, Inc.
1.85%
18,755
$4,547,337,000 0.06%
TJX Companies, Inc.
2.30%
39,044
$4,298,744,000 0.06%
Ecolab, Inc.
87.58%
16,462
$3,918,070,000 0.05%
Vanguard Index Tr 500 Index Ad
55.25%
6,816
$3,433,399,000 0.05%
Pepsico, Inc.
7.83%
18,087
$2,983,089,000 0.04%
Ishares Core S&p U.s. Growth E
19.48%
22,844
$2,912,203,000 0.04%
Procter & Gamble Co.
14.89%
16,892
$2,785,829,000 0.04%
Walmart Inc
188.54%
38,156
$2,583,543,000 0.04%
Snap-on, Inc.
2.41%
9,657
$2,524,243,000 0.03%
Dollar General Corp.
3.68%
16,749
$2,214,720,000 0.03%
Ishares Tr Russell 2000 Growth
24.71%
8,210
$2,155,297,000 0.03%
Paychex Inc.
2.48%
18,157
$2,152,694,000 0.03%
Rockwell Automation Com
2.37%
7,799
$2,146,909,000 0.03%
Ishares Tr Russell 2000
90.76%
8,657
$1,756,419,000 0.02%
Johnson & Johnson
18.57%
11,972
$1,749,828,000 0.02%
Abbott Laboratories
Closed
15,788
$1,737,785,000
Principal Real Estate Income F
5.52%
161,891
$1,652,907,000 0.02%
Cisco Systems, Inc.
Closed
30,207
$1,526,058,000
Sixth Street Specialty Lending Inc
6.02%
70,770
$1,510,940,000 0.02%
Roche Holding Ltd. Adr
1.39%
41,982
$1,455,516,000 0.02%
Nuveen Amt-free Quality Munici
15.63%
125,563
$1,438,952,000 0.02%
Workday, Inc. Class A
No change
6,126
$1,369,529,000 0.02%
Accenture plc
10.45%
4,473
$1,357,153,000 0.02%
Rivernorth Flexible Municipal
38.70%
95,034
$1,343,781,000 0.02%
Rivernorth/doubleline Strategi
Opened
152,757
$1,321,348,000 0.02%
Fs Credit Opportunities Corp
46.90%
194,461
$1,238,717,000 0.02%
Pioneer Municipal High Income
10.86%
231,602
$1,983,832,000 0.03%
JPMorgan Chase & Co.
Closed
6,457
$1,098,336,000
Nuveen Quality Municipal Incom
18.85%
92,575
$1,086,831,000 0.01%
Brookfield Real Assets Income
5.32%
82,539
$1,053,198,000 0.01%
Ares Capital Corp
5.56%
49,292
$1,027,245,000 0.01%
Pgim Short Duration High Yield
Opened
66,740
$1,023,124,000 0.01%
Blackrock Muni Intermediate Du
1.65%
81,030
$999,910,000 0.01%
Nuveen Credit Strategies Incom
Closed
188,161
$982,200,000
Western Asset Mortgage Defined
36.22%
81,655
$974,144,000 0.01%
Berkshire Hathaway Inc. Class
Closed
2,730
$973,682,000
Invesco Municipal Opportunity
271.45%
96,084
$968,527,000 0.01%
Blackstone Strategic Credit Fu
13.48%
77,293
$919,014,000 0.01%
John Hancock Income Securities
254.54%
80,626
$878,823,000 0.01%
DWS Municipal Income Trust
1.31%
85,050
$805,424,000 0.01%
Zscaler Inc
0.31%
4,183
$803,931,000 0.01%
Pioneer Floating Rate Trust
18.62%
80,994
$782,402,000 0.01%
Invesco Quality Municipal Inco
1.31%
77,320
$767,014,000 0.01%
Blackrock 2030 Municipal Targe
Opened
34,188
$710,085,000 0.01%
PGIM High Yield Bond Fund Inc
Closed
57,359
$706,663,000
Runway Growth Finance Corp.
Closed
55,605
$701,735,000
TCW Strategic Income Fund Inc
5.60%
146,008
$692,078,000 0.01%
Invesco Trust For Investment G
Opened
66,171
$679,576,000 0.01%
Oracle Corp.
1.46%
4,800
$677,760,000 0.01%
Mcdonald's Corporation
Closed
2,270
$673,078,000
Pimco Dynamic Income Opportuni
1.15%
50,578
$672,182,000 0.01%
Nuveen Taxable Municipal Incom
113.57%
42,612
$660,912,000 0.01%
Ishares Tr Russell 1000
No change
2,204
$655,778,000 0.01%
Associated Banc Corp Com
Closed
30,467
$651,689,000
Jpmorgan Tr Ii Lrg Cap Growth
Closed
10,474
$629,901,000
Golub Capital BDC Inc
7.68%
38,925
$611,512,000 0.01%
Nuveen Floating Rate Income Fu
Closed
73,938
$607,770,000
Blackrock Muniholdings Fund In
1.31%
49,997
$604,464,000 0.01%
Bny Mellon Strategic Municipal
1.31%
101,730
$604,276,000 0.01%
BlackRock Income Trust Inc
Closed
49,173
$598,927,000
Blackrock Credit Allocation
8.52%
55,362
$592,927,000 0.01%
Vanguard Etf Small Cap Growth
Closed
2,431
$587,750,000
Invesco Municipal Trust
1.32%
57,310
$570,808,000 0.01%
Dws Strategic Municipal Income
Closed
65,337
$565,165,000
Carlyle Credit Income Fund A O
Closed
70,609
$561,342,000
Blackrock Taxable Municipal Bo
86.76%
34,073
$557,094,000 0.01%
Bny Mellon Municipal Bond Infr
Opened
49,956
$528,534,000 0.01%
Rivernorth Flexible Municipal
Closed
34,119
$527,821,000
Federated Premier Municipal In
1.31%
45,978
$525,529,000 0.01%
American Express Co.
Closed
2,690
$503,945,000
Insight Select Income Fund
Opened
28,701
$468,372,000 0.01%
Fiserv, Inc.
No change
3,080
$459,043,000 0.01%
Fidelity 500 Index Fund Inst
67.09%
2,410
$458,425,000 0.01%
Costco Wholesale Corp
Closed
690
$455,455,000
Waste Mgmt
Closed
2,500
$447,750,000
Coca-Cola Co
Closed
7,482
$440,914,000
Putnam Premier Income Trust
Opened
123,005
$440,358,000 0.01%
Honeywell International Inc
Closed
2,000
$419,420,000
Stryker Corp Com
35.93%
1,200
$408,300,000 0.01%
John Hancock Investors Trust
Opened
28,049
$373,052,000 0.01%
Vanguard Explorer Fund Admiral
Closed
3,565
$367,972,000
Western Asset Managed Municipa
5.59%
34,421
$356,257,000 0.00%
BlackRock MuniVest Fund, Inc.
1.31%
47,917
$343,565,000 0.00%
Medtronic Plc
Closed
4,129
$340,147,000
U.s. Bancorp
Closed
7,554
$326,937,000
Symbotic, Inc.
Opened
9,296
$326,847,000 0.00%
Gentex Corp.
3.35%
9,502
$320,312,000 0.00%
Abbvie Inc
Closed
2,061
$319,393,000
Walt Disney Company
Closed
3,525
$318,274,000
Wells Fargo & Company
Closed
6,100
$300,242,000
Nuveen Municipal Credit Income
6.53%
24,080
$297,388,000 0.00%
Taiwan Semiconductor Manufactu
38.74%
1,676
$291,306,000 0.00%
Veralto Corporation
96.79%
2,977
$284,215,000 0.00%
Dbs Group Holdings Ltd Sponsor
0.19%
2,676
$281,408,000 0.00%
Sap Se Sponsored Adr
No change
1,347
$271,703,000 0.00%
Allianz Se Unsponsored Adr
18.30%
9,385
$260,152,000 0.00%
Fidelity Contra Fund
Closed
15,922
$256,181,000
Lululemon Athletica inc.
Closed
500
$255,645,000
3M Co.
Closed
2,337
$255,481,000
Meta Platforms Inc
Closed
714
$252,727,000
Third Ave Tr Real Estate Fd
Closed
11,504
$249,531,000
Chugai Pharmaceutical Co., Ltd
Closed
13,200
$248,820,000
Vanguard Index Fds Stk Mrk Etf
52.39%
925
$247,505,000 0.00%
Infineon Technologies Ag Spons
9.78%
6,620
$243,881,000 0.00%
Shell Plc Sponsored Adr
Opened
3,365
$242,886,000 0.00%
Target Corp
No change
1,633
$241,749,000 0.00%
Automatic Data Process Com
Closed
974
$226,913,000
Manulife Finl Corp Com
Opened
8,350
$222,277,000 0.00%
L'oreal Sa Unsponsored Adr
No change
2,447
$214,920,000 0.00%
Ameriprise Financial Inc
Closed
559
$212,144,000
Charles Schwab Balanced Pool
Closed
2,800
$211,169,000
Marathon Petroleum Corp
Closed
1,420
$210,671,000
Haier Smart Home Co., Ltd. Uns
17.01%
15,722
$210,518,000 0.00%
Dassault Systemes Sa Sponsored
23.42%
5,534
$209,130,000 0.00%
Fomento Economico Mexicano Sab
No change
1,892
$203,674,000 0.00%
Eaton Vance Limited Duration I
15.50%
20,165
$196,407,000 0.00%
Haleon Plc Sponsored Adr
21.32%
21,991
$181,646,000 0.00%
Banco Bilbao Vizcaya Argentari
No change
16,562
$166,117,000 0.00%
Amcor Plc Ord
Closed
15,300
$147,492,000
First Trust High Yield Opportu
Opened
10,075
$144,274,000 0.00%
Unicharm Corporation Sponsored
No change
12,325
$80,113,000 0.00%
Ambev Sa Sponsored Adr
No change
24,818
$50,877,000 0.00%
Petvivo Hldgs Inc Com New
Closed
14,369
$15,231,000
No transactions found
Showing first 500 out of 219 holdings