Synergy Asset Management 13F annual report
Synergy Asset Management is an investment fund managing more than $638 billion ran by Todd Jessup. There are currently 117 companies in Mr. Jessup’s portfolio. The largest investments include Spdr Ser Tr and Microsoft, together worth $112 billion.
$638 billion Assets Under Management (AUM)
As of 29th July 2024, Synergy Asset Management’s top holding is 673,343 shares of Spdr Ser Tr currently worth over $61.4 billion and making up 9.6% of the portfolio value.
In addition, the fund holds 112,620 shares of Microsoft worth $50.3 billion, whose value grew 0.7% in the past six months.
The third-largest holding is Ishares Tr worth $50.7 billion and the next is NVIDIA Corp worth $28.5 billion, with 230,341 shares owned.
Currently, Synergy Asset Management's portfolio is worth at least $638 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 Synergy Asset Management
The Synergy Asset Management office and employees reside in Vancouver, Washington. According to the last 13-F report filed with the SEC, Todd Jessup serves as the CCO at Synergy Asset Management.
Recent trades
In the most recent 13F filing, Synergy Asset Management revealed that it had opened a new position in
Eli Lilly Co and bought 13,192 shares worth $11.9 billion.
The investment fund also strengthened its position in Spdr Ser Tr by buying
214,393 additional shares.
This makes their stake in Spdr Ser Tr total 673,343 shares worth $61.4 billion.
On the other hand, there are companies that Synergy Asset Management is getting rid of from its portfolio.
Synergy Asset Management closed its position in Proshares Tr on 5th August 2024.
It sold the previously owned 117,787 shares for $7.53 billion.
Todd Jessup also disclosed a decreased stake in Alphabet Inc by 0.2%.
This leaves the value of the investment at $19.1 billion and 104,786 shares.
One of the average hedge funds
The two most similar investment funds to Synergy Asset Management are Ascent Wealth Partners and Personal Cfo Solutions. They manage $638 billion and $639 billion respectively.
Todd Jessup investment strategy
Synergy Asset Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 19.8% of
the total portfolio value.
The fund focuses on investments in the United States as
41.0% 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
41% of the total holdings value.
On the other hand, small-cap stocks make up only 1.7% of the portfolio.
The average market cap of the portfolio companies is close to $248 billion.
The complete list of Synergy Asset 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 |
|---|---|---|---|
| Spdr Ser Tr |
46.71%
673,343
|
$61,439,016,000 | 9.63% |
| Microsoft Corporation |
21.52%
112,620
|
$50,335,509,000 | 7.89% |
| Ishares Tr |
5.02%
542,702
|
$50,739,910,000 | 7.95% |
| NVIDIA Corp |
949.01%
230,341
|
$28,456,327,000 | 4.46% |
| Apple Inc |
3.81%
118,904
|
$25,043,560,000 | 3.92% |
| Coca-Cola Co |
9.44%
386,996
|
$24,632,295,000 | 3.86% |
| Amazon.com Inc. |
6.04%
124,953
|
$24,147,167,000 | 3.78% |
| Alphabet Inc |
17.06%
104,786
|
$19,086,770,000 | 2.99% |
| Meta Platforms Inc |
8.71%
35,927
|
$18,115,112,000 | 2.84% |
| Schlumberger Ltd. |
29.30%
368,801
|
$17,400,031,000 | 2.73% |
| Intercontinental Exchange In |
3.37%
91,245
|
$12,490,528,000 | 1.96% |
| Unitedhealth Group Inc |
23.11%
24,320
|
$12,385,203,000 | 1.94% |
| Arch Cap Group Ltd |
18.63%
119,601
|
$12,066,545,000 | 1.89% |
| Eli Lilly Co |
Opened
13,192
|
$11,943,773,000 | 1.87% |
| Johnson Johnson |
23.81%
78,227
|
$11,433,658,000 | 1.79% |
| Brookfield Infrast Partners |
159.97%
409,715
|
$11,242,580,000 | 1.76% |
| MercadoLibre Inc |
15.06%
6,644
|
$10,918,750,000 | 1.71% |
| Arcosa Inc |
88.52%
115,097
|
$9,600,240,000 | 1.50% |
| First Tr Exchange-traded Fd |
7.22%
151,327
|
$9,019,089,000 | 1.41% |
| First Tr Exchng Traded Fd Vi |
4.56%
258,897
|
$8,717,062,000 | 1.37% |
| Proshares Tr |
Closed
117,787
|
$7,528,946,000 | |
| Abbott Labs |
66.09%
69,846
|
$7,257,698,000 | 1.14% |
| American Centy Etf Tr |
Closed
189,242
|
$7,071,023,000 | |
| First Tr Exch Traded Fd Iii |
16.69%
367,161
|
$6,464,961,000 | 1.01% |
| Ishares Tr |
Opened
217,311
|
$18,080,397,000 | 2.83% |
| Chevron Corp. |
104.42%
37,511
|
$5,867,471,000 | 0.92% |
| Vanguard Index Fds |
22.44%
29,089
|
$7,701,532,000 | 1.21% |
| Invesco Exch Traded Fd Tr Ii |
32.57%
252,733
|
$7,907,015,000 | 1.24% |
| Exxon Mobil Corp. |
24.35%
45,082
|
$5,189,840,000 | 0.81% |
| Philip Morris International Inc |
1.33%
49,701
|
$5,036,202,000 | 0.79% |
| Public Storage Oper Co |
86.96%
17,449
|
$5,019,205,000 | 0.79% |
| Enterprise Prods Partners L |
Opened
171,876
|
$4,980,966,000 | 0.78% |
| Lockheed Martin Corp. |
26.59%
10,619
|
$4,960,135,000 | 0.78% |
| Realty Income Corp. |
Opened
91,513
|
$4,833,717,000 | 0.76% |
| Linde Plc. |
23.38%
10,998
|
$4,826,032,000 | 0.76% |
| Jpmorgan Chase Co. |
35.84%
23,224
|
$4,697,286,000 | 0.74% |
| Invesco Exchange Traded Fd T |
Closed
40,821
|
$4,688,716,000 | |
| Tesla Inc |
28.80%
23,550
|
$4,660,074,000 | 0.73% |
| Pfizer Inc. |
26.43%
164,417
|
$4,600,387,000 | 0.72% |
| Invesco Exch Traded Fd Tr Ii |
Closed
113,468
|
$4,965,902,000 | |
| EA Series Trust |
Closed
73,768
|
$4,360,427,000 | |
| Advanced Micro Devices Inc. |
1.09%
26,405
|
$4,283,155,000 | 0.67% |
| Merck Co Inc |
15.88%
33,341
|
$4,127,616,000 | 0.65% |
| Bank America Corp |
17.47%
103,447
|
$4,114,087,000 | 0.64% |
| Medtronic Plc |
Opened
49,128
|
$3,866,865,000 | 0.61% |
| Mastercard Incorporated |
21.50%
8,623
|
$3,804,123,000 | 0.60% |
| National Fuel Gas Co. |
Opened
69,527
|
$3,767,668,000 | 0.59% |
| Mcdonalds Corp |
1.04%
14,758
|
$3,760,929,000 | 0.59% |
| Ishares Bitcoin Tr |
105.61%
107,139
|
$3,657,725,000 | 0.57% |
| Global X Fds |
Closed
91,856
|
$3,656,788,000 | |
| Salesforce Inc |
26.11%
14,017
|
$3,603,771,000 | 0.56% |
| Visa Inc |
21.77%
13,599
|
$3,569,329,000 | 0.56% |
| Ishares Tr |
Closed
39,475
|
$3,938,409,000 | |
| Thermo Fisher Scientific Inc. |
21.18%
6,299
|
$3,483,347,000 | 0.55% |
| Wisdomtree Tr |
Closed
31,936
|
$3,465,056,000 | |
| Union Pac Corp |
26.44%
15,196
|
$3,438,247,000 | 0.54% |
| Johnson Ctls Intl Plc |
Closed
44,749
|
$2,923,005,000 | |
| Abbvie Inc |
Opened
17,035
|
$2,921,843,000 | 0.46% |
| Costco Whsl Corp New |
1.72%
3,426
|
$2,912,066,000 | 0.46% |
| M T Bk Corp |
1.68%
19,195
|
$2,905,355,000 | 0.46% |
| Invesco Exchange Traded Fd T |
301.14%
62,999
|
$2,882,205,000 | 0.45% |
| Bristol-Myers Squibb Co. |
Closed
52,578
|
$2,851,324,000 | |
| Kraft Heinz Co |
Closed
75,653
|
$2,791,578,000 | |
| WEC Energy Group Inc |
Closed
33,605
|
$2,759,643,000 | |
| Sanofi |
Closed
56,528
|
$2,747,240,000 | |
| Verizon Communications Inc |
5.50%
66,500
|
$2,742,460,000 | 0.43% |
| VanEck ETF Trust |
Opened
10,139
|
$2,643,238,000 | 0.41% |
| American Centy Etf Tr |
47.37%
28,847
|
$2,593,634,000 | 0.41% |
| Vanguard World Fd |
Opened
11,833
|
$2,736,280,000 | 0.43% |
| Select Sector Spdr Tr |
Opened
29,160
|
$2,497,845,000 | 0.39% |
| Comcast Corp New |
45.14%
58,123
|
$2,276,096,000 | 0.36% |
| Spdr Sp 500 Etf Tr |
6.91%
3,992
|
$2,172,526,000 | 0.34% |
| Novartis AG |
25.04%
19,905
|
$2,119,086,000 | 0.33% |
| Fox Corporation |
Opened
52,604
|
$1,684,380,000 | 0.26% |
| Mondelez International Inc. |
40.41%
19,906
|
$1,302,649,000 | 0.20% |
| GE Aerospace |
293.29%
8,149
|
$1,295,447,000 | 0.20% |
| Gilead Sciences, Inc. |
63.56%
18,526
|
$1,271,069,000 | 0.20% |
| Microstrategy Inc. |
14.85%
874
|
$1,203,918,000 | 0.19% |
| Bank America Corp |
Opened
1,004
|
$1,200,945,000 | 0.19% |
| Fiserv, Inc. |
24.26%
7,980
|
$1,189,339,000 | 0.19% |
| Vanguard Bd Index Fds |
Opened
15,411
|
$1,154,130,000 | 0.18% |
| Berkshire Hathaway Inc. |
0.84%
2,649
|
$1,077,613,000 | 0.17% |
| Vanguard Intl Equity Index F |
30.94%
18,075
|
$1,059,918,000 | 0.17% |
| Becton Dickinson Co |
Closed
4,097
|
$1,013,803,000 | |
| General Dynamics Corp. |
Closed
3,424
|
$967,246,000 | |
| Vanguard Scottsdale Fds |
Closed
16,414
|
$953,161,000 | |
| Nike, Inc. |
Closed
9,524
|
$895,066,000 | |
| Honeywell International Inc |
Opened
4,083
|
$871,884,000 | 0.14% |
| Ssga Active Tr |
9.05%
18,526
|
$867,943,000 | 0.14% |
| Constellation Brands, Inc. |
9.79%
3,327
|
$855,971,000 | 0.13% |
| Graphic Packaging Hldg Co |
16.48%
30,346
|
$795,369,000 | 0.12% |
| Toyota Motor Corporation |
Opened
3,785
|
$775,811,000 | 0.12% |
| Vanguard Specialized Funds |
2.46%
3,707
|
$676,713,000 | 0.11% |
| Automatic Data Processing In |
No change
2,688
|
$641,599,000 | 0.10% |
| Altria Group Inc. |
82.63%
13,317
|
$606,589,000 | 0.10% |
| Cigna Group (The) |
Opened
1,803
|
$596,018,000 | 0.09% |
| CIENA Corp. |
Opened
12,204
|
$587,989,000 | 0.09% |
| Schwab Strategic Tr |
20.02%
19,830
|
$586,373,000 | 0.09% |
| Chesapeake Utils Corp |
Closed
4,763
|
$511,070,000 | |
| Procter And Gamble Co |
1.66%
3,024
|
$498,718,000 | 0.08% |
| NextEra Energy Inc |
13.86%
5,772
|
$408,715,000 | 0.06% |
| Resmed Inc. |
97.16%
2,068
|
$395,857,000 | 0.06% |
| Progressive Corp. |
12.15%
1,781
|
$369,932,000 | 0.06% |
| Walmart Inc |
Closed
6,145
|
$369,767,000 | |
| Wisdomtree Tr |
Opened
7,142
|
$359,314,000 | 0.06% |
| Cisco Sys Inc |
86.82%
7,323
|
$347,916,000 | 0.05% |
| John Hancock Exchange Traded |
No change
6,256
|
$344,330,000 | 0.05% |
| Teck Resources Ltd |
Opened
6,992
|
$334,917,000 | 0.05% |
| J P Morgan Exchange Traded F |
Closed
5,603
|
$334,892,000 | |
| Northern Lts Fd Tr Iv |
21.23%
11,036
|
$332,263,000 | 0.05% |
| Boeing Co. |
21.14%
1,805
|
$328,528,000 | 0.05% |
| Fidelity Covington Trust |
Opened
6,880
|
$291,987,000 | 0.05% |
| Paccar Inc. |
Opened
2,768
|
$284,938,000 | 0.04% |
| First Tr Exchange-traded Fd |
Closed
5,010
|
$281,412,000 | |
| Dimensional Etf Trust |
Closed
7,638
|
$279,093,000 | |
| Goldman Sachs Etf Tr |
No change
2,609
|
$279,033,000 | 0.04% |
| F5 Inc |
50.00%
1,602
|
$275,912,000 | 0.04% |
| Dimensional Etf Trust |
No change
8,210
|
$264,690,000 | 0.04% |
| Vanguard Wellington Fd |
8.15%
1,882
|
$252,367,000 | 0.04% |
| Broadcom Inc. |
Closed
184
|
$243,876,000 | |
| Spdr Ser Tr |
Closed
4,038
|
$243,411,000 | |
| Starbucks Corp. |
Closed
2,620
|
$239,432,000 | |
| Flexshares Tr |
Opened
3,182
|
$458,504,000 | 0.07% |
| Ishares Silver Tr |
Opened
8,625
|
$229,166,000 | 0.04% |
| First Tr Exchange-traded Fd |
Opened
4,987
|
$227,956,000 | 0.04% |
| Vanguard Charlotte Fds |
Opened
4,679
|
$227,727,000 | 0.04% |
| Grayscale Bitcoin Tr Btc |
28.86%
4,240
|
$225,738,000 | 0.04% |
| First Tr Exchange Traded Fd |
Opened
1,919
|
$221,798,000 | 0.03% |
| Corcept Therapeutics Inc |
Opened
6,752
|
$219,373,000 | 0.03% |
| VanEck ETF Trust |
Closed
7,437
|
$215,822,000 | |
| Ishares Inc |
Opened
22,188
|
$407,068,000 | 0.06% |
| Adobe Inc |
Opened
375
|
$208,328,000 | 0.03% |
| 3M Co. |
6.98%
2,026
|
$207,037,000 | 0.03% |
| Mckesson Corporation |
Opened
349
|
$203,830,000 | 0.03% |
| Petroleo Brasileiro Sa Petro |
Opened
14,058
|
$203,700,000 | 0.03% |
| Vaneck Bitcoin Tr |
Opened
3,001
|
$203,678,000 | 0.03% |
| Eldorado Gold Corp. |
Closed
14,410
|
$202,749,000 | |
| Alphabet Inc |
Opened
1,104
|
$202,496,000 | 0.03% |
| Pepsico Inc |
31.92%
1,222
|
$201,544,000 | 0.03% |
| Vale S.A. |
Opened
17,848
|
$199,363,000 | 0.03% |
| Uranium Energy Corp |
Closed
26,695
|
$180,192,000 | |
| Equinox Gold Corp |
29.72%
25,964
|
$135,792,000 | 0.02% |
| Sprott Physical Silver Tr |
18.60%
12,977
|
$128,862,000 | 0.02% |
| Matterport Inc |
Closed
50,000
|
$113,000,000 | |
| Hecla Mng Co |
Opened
19,226
|
$93,246,000 | 0.01% |
| Compass, Inc. |
Closed
24,037
|
$86,534,000 | |
| Microvision Inc. |
Opened
12,583
|
$13,338,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 147 holdings | |||
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