Edge Wealth Management 13F annual report
Edge Wealth Management is an investment fund managing more than $475 billion ran by Matthew Weinberg. There are currently 70 companies in Mr. Weinberg’s portfolio. The largest investments include Ishares Tr and Apple Inc, together worth $149 billion.
$475 billion Assets Under Management (AUM)
As of 5th July 2024, Edge Wealth Management’s top holding is 1,955,776 shares of Ishares Tr currently worth over $108 billion and making up 22.8% of the portfolio value.
In addition, the fund holds 192,692 shares of Apple Inc worth $40.6 billion, whose value grew 22.4% in the past six months.
The third-largest holding is Microsoft worth $37.4 billion and the next is Alphabet Inc worth $34.8 billion, with 191,251 shares owned.
Currently, Edge Wealth Management's portfolio is worth at least $475 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 Edge Wealth Management
The Edge Wealth Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Matthew Weinberg serves as the Principal at Edge Wealth Management.
Recent trades
In the most recent 13F filing, Edge Wealth Management revealed that it had opened a new position in
Schlumberger and bought 182,842 shares worth $8.63 billion.
This means they effectively own approximately 0.1% of the company.
Schlumberger makes up
82.3%
of the fund's Energy sector allocation and has decreased its share price by 18.5% in the past year.
The investment fund also strengthened its position in Walmart Inc by buying
145,502 additional shares.
This makes their stake in Walmart Inc total 220,740 shares worth $14.9 billion.
Walmart Inc dropped 55.0% in the past year.
On the other hand, there are companies that Edge Wealth Management is getting rid of from its portfolio.
Edge Wealth Management closed its position in Avadel Pharmaceuticals plc on 12th July 2024.
It sold the previously owned 150,000 shares for $2.12 billion.
Matthew Weinberg also disclosed a decreased stake in Ishares Tr by approximately 0.1%.
This leaves the value of the investment at $108 billion and 1,955,776 shares.
One of the average hedge funds
The two most similar investment funds to Edge Wealth Management are Onyx Bridge Wealth and Taikang Asset Management (hong Kong) Co Ltd. They manage $475 billion and $475 billion respectively.
Matthew Weinberg investment strategy
Edge Wealth Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 18.1% of
the total portfolio value.
The fund focuses on investments in the United States as
42.9% 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
43% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $294 billion.
The complete list of Edge Wealth Management trades based on 13F SEC filings
These positions were updated on July 12th 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 |
3.25%
1,955,776
|
$108,366,762,000 | 22.82% |
| Apple Inc |
1.91%
192,692
|
$40,584,695,000 | 8.55% |
| Microsoft Corporation |
3.25%
83,590
|
$37,360,462,000 | 7.87% |
| Alphabet Inc |
1.38%
191,251
|
$34,839,072,000 | 7.34% |
| Jpmorgan Chase Co. |
3.89%
90,798
|
$18,364,824,000 | 3.87% |
| Berkshire Hathaway Inc. |
1.58%
41,933
|
$17,058,344,000 | 3.59% |
| Waste Mgmt Inc Del |
2.34%
78,319
|
$16,708,564,000 | 3.52% |
| Merck Co Inc |
3.28%
124,011
|
$15,352,622,000 | 3.23% |
| General Dynamics Corp. |
3.11%
51,955
|
$15,074,248,000 | 3.17% |
| Walmart Inc |
193.39%
220,740
|
$14,946,309,000 | 3.15% |
| Public Storage Oper Co |
2.13%
45,311
|
$13,033,741,000 | 2.74% |
| American Tower Corp. |
1.82%
63,084
|
$12,262,235,000 | 2.58% |
| Salesforce Inc |
0.86%
47,535
|
$12,221,291,000 | 2.57% |
| Blackrock Inc. |
2.14%
15,069
|
$11,863,943,000 | 2.50% |
| Honeywell International Inc |
2.56%
55,532
|
$11,858,310,000 | 2.50% |
| Johnson Johnson |
0.66%
78,184
|
$11,427,380,000 | 2.41% |
| Spdr Ser Tr |
2.22%
109,910
|
$10,189,757,000 | 2.15% |
| Procter And Gamble Co |
1.54%
58,244
|
$9,605,638,000 | 2.02% |
| Public Svc Enterprise Grp In |
1.74%
117,287
|
$8,644,038,000 | 1.82% |
| Schlumberger Ltd. |
Opened
182,842
|
$8,626,486,000 | 1.82% |
| Disney Walt Co |
3.13%
75,713
|
$7,517,506,000 | 1.58% |
| Mcdonalds Corp |
2.16%
25,198
|
$6,421,522,000 | 1.35% |
| Dollar Tree Inc |
2.01%
51,154
|
$5,461,713,000 | 1.15% |
| Spdr Sp 500 Etf Tr |
1.21%
6,682
|
$3,636,629,000 | 0.77% |
| Amazon.com Inc. |
8.79%
17,995
|
$3,477,534,000 | 0.73% |
| Avadel Pharmaceuticals plc |
Closed
150,000
|
$2,118,000,000 | |
| Newmark Group Inc |
0.01%
164,067
|
$1,678,408,000 | 0.35% |
| NVIDIA Corp |
488.41%
8,632
|
$1,066,417,000 | 0.22% |
| Invesco Exch Trd Slf Idx Fd |
49.23%
49,479
|
$1,042,028,000 | 0.22% |
| Lennar Corp. |
No change
6,400
|
$959,168,000 | 0.20% |
| Roivant Sciences Ltd |
9.34%
90,228
|
$953,710,000 | 0.20% |
| Bank America Corp |
2.21%
22,337
|
$888,353,000 | 0.19% |
| Chevron Corp. |
13.00%
5,146
|
$804,937,000 | 0.17% |
| Pimco Dynamic Income Fd |
Closed
37,757
|
$677,738,000 | |
| Rithm Capital Corp |
0.00%
60,026
|
$654,886,000 | 0.14% |
| Select Sector Spdr Tr |
35.72%
7,092
|
$646,436,000 | 0.14% |
| BP plc |
5.97%
17,702
|
$639,057,000 | 0.13% |
| Union Pac Corp |
No change
2,630
|
$595,064,000 | 0.13% |
| Select Sector Spdr Tr |
Opened
3,842
|
$559,972,000 | 0.12% |
| Lloyds Banking Group plc |
No change
200,000
|
$546,000,000 | 0.11% |
| Pepsico Inc |
2.24%
3,108
|
$512,602,000 | 0.11% |
| Boeing Co. |
51.41%
2,599
|
$473,044,000 | 0.10% |
| Invesco Exchange Traded Fd T |
19.03%
2,690
|
$441,900,000 | 0.09% |
| Vanguard Index Fds |
No change
5,000
|
$418,800,000 | 0.09% |
| Cisco Sys Inc |
22.62%
8,756
|
$415,998,000 | 0.09% |
| Fedex Corp |
44.70%
1,387
|
$415,878,000 | 0.09% |
| Unitedhealth Group Inc |
83.93%
767
|
$390,602,000 | 0.08% |
| Uber Technologies Inc |
Closed
6,170
|
$379,887,000 | |
| Spdr Gold Tr |
No change
1,732
|
$372,397,000 | 0.08% |
| Palantir Technologies Inc. |
19.04%
14,150
|
$358,420,000 | 0.08% |
| Invesco Exch Traded Fd Tr Ii |
24.91%
29,817
|
$344,386,000 | 0.07% |
| Adaptive Biotechnologies Cor |
No change
90,000
|
$325,800,000 | 0.07% |
| Grayscale Bitcoin Tr Btc |
Opened
5,988
|
$318,801,000 | 0.07% |
| Invesco Exch Trd Slf Idx Fd |
Opened
16,187
|
$310,386,000 | 0.07% |
| Alps Etf Tr |
No change
6,195
|
$297,236,000 | 0.06% |
| Arbor Realty Trust Inc. |
No change
20,000
|
$287,000,000 | 0.06% |
| CVS Health Corp |
Closed
3,590
|
$283,466,000 | |
| Blackrock Mun Target Term Tr |
No change
13,000
|
$270,010,000 | 0.06% |
| TG Therapeutics Inc |
No change
15,000
|
$266,850,000 | 0.06% |
| Visa Inc |
Closed
980
|
$255,143,000 | |
| Meta Platforms Inc |
38.08%
452
|
$227,907,000 | 0.05% |
| Northrop Grumman Corp. |
No change
515
|
$224,514,000 | 0.05% |
| Pfizer Inc. |
96.86%
8,017
|
$224,316,000 | 0.05% |
| Vanguard Scottsdale Fds |
No change
2,665
|
$218,450,000 | 0.05% |
| Home Depot, Inc. |
Opened
630
|
$216,949,000 | 0.05% |
| VanEck ETF Trust |
32.15%
6,246
|
$211,927,000 | 0.04% |
| Phillips 66 |
Opened
1,500
|
$211,755,000 | 0.04% |
| Sony Group Corp |
Closed
2,200
|
$208,318,000 | |
| Barrick Gold Corp. |
6.29%
12,255
|
$204,413,000 | 0.04% |
| Tesla Inc |
1.87%
1,033
|
$204,410,000 | 0.04% |
| Cenovus Energy Inc |
No change
10,000
|
$196,600,000 | 0.04% |
| Novavax, Inc. |
No change
15,000
|
$189,900,000 | 0.04% |
| Pennantpark Invt Corp |
No change
20,000
|
$151,000,000 | 0.03% |
| Pimco Income Strategy Fd Ii |
Closed
19,800
|
$143,154,000 | |
| Eaton Vance Tax-managed Glob |
No change
11,000
|
$90,970,000 | 0.02% |
| Invesco High Income 2024 Tar |
25.77%
11,160
|
$81,803,000 | 0.02% |
| Centerra Gold Inc |
No change
10,200
|
$68,544,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 77 holdings | |||
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