Account Management 13F annual report
Account Management is an investment fund managing more than $87.7 billion ran by Kimberly Bitto. There are currently 23 companies in Mrs. Bitto’s portfolio. The largest investments include Berkshire Hathaway and Blackstone Inc, together worth $31.8 billion.
$87.7 billion Assets Under Management (AUM)
As of 29th July 2024, Account Management’s top holding is 52,023 shares of Berkshire Hathaway currently worth over $21.2 billion and making up 24.1% of the portfolio value.
Relative to the number of outstanding shares of Berkshire Hathaway, Account Management owns less than approximately 0.1% of the company.
In addition, the fund holds 86,031 shares of Blackstone Inc worth $10.7 billion, whose value grew 9.7% in the past six months.
The third-largest holding is Enterprise Prods Partners L worth $8.02 billion and the next is Asml Holding N V worth $7.17 billion, with 7,012 shares owned.
Currently, Account Management's portfolio is worth at least $87.7 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 Account Management
The Account Management office and employees reside in Boxford, Massachusetts. According to the last 13-F report filed with the SEC, Kimberly Bitto serves as the Office Manager at Account Management.
Recent trades
In the most recent 13F filing, Account Management revealed that it had opened a new position in
Intuitive Surgical Inc and bought 5,275 shares worth $2.35 billion.
This means they effectively own approximately 0.1% of the company.
Intuitive Surgical Inc makes up
73.5%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in NextEra Inc by buying
50 additional shares.
This makes their stake in NextEra Inc total 69,705 shares worth $4.94 billion.
NextEra Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Account Management is getting rid of from its portfolio.
Account Management closed its position in Disney Walt Co on 5th August 2024.
It sold the previously owned 25,813 shares for $2.33 billion.
Kimberly Bitto also disclosed a decreased stake in Berkshire Hathaway by approximately 0.1%.
This leaves the value of the investment at $21.2 billion and 52,023 shares.
One of the smallest hedge funds
The two most similar investment funds to Account Management are Xy Capital Ltd and Bluedrive Global Investors LL.P.. They manage $87.8 billion and $87.6 billion respectively.
Kimberly Bitto investment strategy
Account Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Finance — making up 36.5% of
the total portfolio value.
The fund focuses on investments in the United States as
78.3% 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
74% 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 $288 billion.
The complete list of Account Management trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| Berkshire Hathaway Inc. |
2.25%
52,023
|
$21,162,956,000 | 24.12% |
| Blackstone Inc |
7.66%
86,031
|
$10,650,638,000 | 12.14% |
| Enterprise Prods Partners L |
0.54%
276,880
|
$8,023,982,000 | 9.14% |
| Asml Holding N V |
4.43%
7,012
|
$7,171,383,000 | 8.17% |
| Intuit Inc |
4.59%
7,899
|
$5,191,302,000 | 5.92% |
| Oreilly Automotive Inc |
4.55%
4,725
|
$4,989,884,000 | 5.69% |
| NextEra Energy Inc |
0.07%
69,705
|
$4,935,811,000 | 5.63% |
| Jpmorgan Chase Co. |
2.25%
21,715
|
$4,392,076,000 | 5.01% |
| American Tower Corp. |
67.75%
20,675
|
$4,018,807,000 | 4.58% |
| T-Mobile US Inc |
14.31%
19,972
|
$3,518,667,000 | 4.01% |
| Fortinet Inc |
24.35%
39,768
|
$2,396,817,000 | 2.73% |
| Intuitive Surgical Inc |
Opened
5,275
|
$2,346,584,000 | 2.67% |
| Disney Walt Co |
Closed
25,813
|
$2,330,656,000 | |
| Microsoft Corporation |
3.48%
4,995
|
$2,232,515,000 | 2.54% |
| Adobe Inc |
3.76%
3,070
|
$1,705,508,000 | 1.94% |
| Analog Devices Inc. |
7.80%
4,729
|
$1,079,442,000 | 1.23% |
| Cae Inc. |
Closed
45,775
|
$988,282,000 | |
| Spdr Gold Tr |
No change
4,190
|
$900,892,000 | 1.03% |
| Zoetis Inc |
8.11%
4,875
|
$845,130,000 | 0.96% |
| Roper Technologies Inc |
3.10%
1,187
|
$669,064,000 | 0.76% |
| Amazon.com Inc. |
4.61%
1,965
|
$379,736,000 | 0.43% |
| Boeing Co. |
Opened
1,800
|
$327,618,000 | 0.37% |
| Alphabet Inc |
No change
1,700
|
$311,814,000 | 0.36% |
| PJT Partners Inc |
7.48%
2,312
|
$249,488,000 | 0.28% |
| Salesforce Inc |
3.09%
940
|
$241,674,000 | 0.28% |
| No transactions found | |||
| Showing first 500 out of 25 holdings | |||
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