Emerald Advisors 13F annual report

Emerald Advisors is an investment fund managing more than $658 billion ran by Michael Smith. There are currently 69 companies in Mr. Smith’s portfolio. The largest investments include Costco Whsl Corp New and Vanguard Index Fds, together worth $554 billion.

$658 billion Assets Under Management (AUM)

As of 8th July 2024, Emerald Advisors’s top holding is 632,463 shares of Costco Whsl Corp New currently worth over $538 billion and making up 81.7% of the portfolio value. In addition, the fund holds 80,381 shares of Vanguard Index Fds worth $16.7 billion. The third-largest holding is Ishares Inc worth $6.85 billion and the next is Ishares Tr worth $28.9 billion, with 441,848 shares owned.

Currently, Emerald Advisors's portfolio is worth at least $658 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 Emerald Advisors

The Emerald Advisors office and employees reside in Bellevue, Washington. According to the last 13-F report filed with the SEC, Michael Smith serves as the Member and CCO at Emerald Advisors.

Recent trades

In the most recent 13F filing, Emerald Advisors revealed that it had opened a new position in Spdr Ser Tr and bought 6,414 shares worth $589 million.

The investment fund also strengthened its position in Costco Whsl Corp New by buying 29,113 additional shares. This makes their stake in Costco Whsl Corp New total 632,463 shares worth $538 billion.

On the other hand, there are companies that Emerald Advisors is getting rid of from its portfolio. Emerald Advisors closed its position in Chipotle Mexican Grill on 15th July 2024. It sold the previously owned 300 shares for $872 million. Michael Smith also disclosed a decreased stake in Vanguard Index Fds by approximately 0.1%. This leaves the value of the investment at $16.7 billion and 80,381 shares.

One of the average hedge funds

The two most similar investment funds to Emerald Advisors are Avitas Wealth Management and Auxier Asset Management. They manage $658 billion and $657 billion respectively.


Michael Smith investment strategy

Emerald Advisors’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 1.8% of the total portfolio value. The fund focuses on investments in the United States as 52.2% 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 51% 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 $329 billion.

The complete list of Emerald Advisors trades based on 13F SEC filings

These positions were updated on July 15th 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
Costco Whsl Corp New
4.83%
632,463
$537,587,243,000 81.71%
Vanguard Index Fds
0.69%
80,381
$16,680,959,000 2.54%
Ishares Inc
5.66%
127,921
$6,847,628,000 1.04%
Ishares Tr
2.89%
441,848
$28,891,609,000 4.39%
Microsoft Corporation
0.88%
11,644
$5,204,158,000 0.79%
Goldman Sachs Etf Tr
2.22%
69,039
$5,627,857,000 0.86%
Apple Inc
2.14%
20,478
$4,313,118,000 0.66%
Amazon.com Inc.
1.00%
17,944
$3,467,678,000 0.53%
Schwab Strategic Tr
4.24%
57,563
$4,395,081,000 0.67%
Alphabet Inc
1.83%
17,754
$3,250,960,000 0.49%
Vanguard Charlotte Fds
2.18%
46,832
$2,279,295,000 0.35%
Vanguard Specialized Funds
4.71%
9,144
$1,669,302,000 0.25%
NVIDIA Corp
860.64%
12,277
$1,516,720,000 0.23%
Invesco Exch Traded Fd Tr Ii
0.39%
5,942
$1,171,283,000 0.18%
J P Morgan Exchange Traded F
6.51%
19,586
$1,157,144,000 0.18%
Home Depot, Inc.
2.46%
3,334
$1,147,663,000 0.17%
Chevron Corp.
19.07%
7,243
$1,133,016,000 0.17%
Global X Fds
4.76%
55,609
$2,118,755,000 0.32%
Coca-Cola Co
2.80%
16,676
$1,061,413,000 0.16%
Pepsico Inc
5.17%
6,241
$1,029,357,000 0.16%
AMGEN Inc.
5.52%
3,147
$983,166,000 0.15%
Broadcom Inc.
28.77%
609
$976,970,000 0.15%
Cisco Sys Inc
8.47%
20,258
$962,476,000 0.15%
Blackrock Inc.
11.68%
1,186
$933,477,000 0.14%
Texas Instrs Inc
9.60%
4,682
$910,797,000 0.14%
First Tr Exchange Traded Fd
0.92%
24,044
$1,668,955,000 0.25%
Lockheed Martin Corp.
5.80%
1,934
$903,175,000 0.14%
Berkshire Hathaway Inc.
12.91%
2,186
$889,265,000 0.14%
Chipotle Mexican Grill
Closed
300
$872,031,000
Newmont Corp
17.02%
20,815
$871,505,000 0.13%
Vulcan Matls Co
No change
3,201
$796,025,000 0.12%
Verizon Communications Inc
4.12%
17,847
$736,002,000 0.11%
United Parcel Service, Inc.
39.78%
5,278
$722,311,000 0.11%
Spdr Ser Tr
9.94%
11,227
$718,534,000 0.11%
Pfizer Inc.
28.28%
25,149
$703,675,000 0.11%
Jpmorgan Chase Co.
13.26%
3,133
$633,729,000 0.10%
Vanguard Intl Equity Index F
6.91%
14,185
$620,741,000 0.09%
Procter And Gamble Co
1.56%
3,733
$615,632,000 0.09%
Xcel Energy Inc.
No change
11,366
$607,058,000 0.09%
Merck Co Inc
42.22%
4,822
$597,025,000 0.09%
Spdr Ser Tr
Opened
6,414
$588,645,000 0.09%
Eli Lilly Co
No change
635
$574,935,000 0.09%
Eog Res Inc
22.02%
4,294
$540,466,000 0.08%
Vanguard Scottsdale Fds
3.20%
10,108
$871,618,000 0.13%
Netflix Inc.
No change
765
$516,283,000 0.08%
Valero Energy Corp.
21.12%
3,126
$490,063,000 0.07%
NextEra Energy Inc
Closed
7,601
$485,808,000
Bristol-Myers Squibb Co.
Opened
11,239
$466,763,000 0.07%
Illinois Tool Wks Inc
Closed
1,738
$466,332,000
Visa Inc
0.79%
1,776
$466,205,000 0.07%
Abbvie Inc
Opened
2,648
$454,185,000 0.07%
Johnson Johnson
3.63%
3,027
$442,448,000 0.07%
Exxon Mobil Corp.
7.86%
3,690
$424,847,000 0.06%
Us Bancorp Del
76.30%
10,578
$419,960,000 0.06%
Meta Platforms Inc
8.35%
790
$398,116,000 0.06%
Unitedhealth Group Inc
0.13%
743
$378,321,000 0.06%
Vanguard Tax-managed Fds
3.19%
7,415
$366,470,000 0.06%
Vanguard World Fd
No change
2,237
$669,839,000 0.10%
Kimberly-Clark Corp.
12.73%
2,418
$334,227,000 0.05%
Paychex Inc.
21.74%
2,677
$317,382,000 0.05%
3M Co.
Closed
2,975
$315,528,000
Comcast Corp New
Closed
7,148
$309,875,000
Fastenal Co.
59.94%
4,891
$307,352,000 0.05%
Oneok Inc.
Opened
3,697
$301,469,000 0.05%
Schwab Strategic Tr
Closed
11,762
$297,002,000
Qualcomm, Inc.
16.25%
1,417
$282,150,000 0.04%
Allstate Corp (The)
Closed
1,586
$274,388,000
Mastercard Incorporated
6.54%
619
$272,969,000 0.04%
HCA Healthcare Inc
Closed
750
$250,148,000
Ishares Tr
Closed
4,927
$246,117,000
Honeywell International Inc
33.13%
1,118
$238,736,000 0.04%
Automatic Data Processing In
64.12%
980
$233,851,000 0.04%
Ford Mtr Co Del
Opened
18,338
$229,959,000 0.03%
Spdr Index Shs Fds
Closed
5,364
$229,686,000
Intuit Inc
6.29%
338
$222,453,000 0.03%
Amplify Etf Tr
6.47%
6,231
$221,014,000 0.03%
Starbucks Corp.
26.12%
2,806
$218,440,000 0.03%
CSX Corp.
No change
6,082
$203,432,000 0.03%
Soundhound Ai Inc
No change
10,000
$39,500,000 0.01%
No transactions found
Showing first 500 out of 79 holdings