Echo Wealth Management 13F annual report
Echo Wealth Management is an investment fund managing more than $133 billion ran by Fang Huang. There are currently 28 companies in Huang’s portfolio. The largest investments include J P Morgan Exchange Traded F and American Centy Etf Tr, together worth $63 billion.
$133 billion Assets Under Management (AUM)
As of 10th July 2024, Echo Wealth Management’s top holding is 438,426 shares of J P Morgan Exchange Traded F currently worth over $21.6 billion and making up 16.3% of the portfolio value.
In addition, the fund holds 579,595 shares of American Centy Etf Tr worth $41.4 billion.
The third-largest holding is First Tr Exchange-traded Fd worth $8.83 billion and the next is Pacer Fds Tr worth $8.24 billion, with 151,197 shares owned.
Currently, Echo Wealth Management's portfolio is worth at least $133 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 Echo Wealth Management
The Echo Wealth Management office and employees reside in Plymouth, Minnesota. According to the last 13-F report filed with the SEC, Fang Huang serves as the President at Echo Wealth Management.
Recent trades
In the most recent 13F filing, Echo Wealth Management revealed that it had opened a new position in
JPMorgan Chase & Co and bought 2,222 shares worth $449 million.
This means they effectively own approximately 0.1% of the company.
JPMorgan Chase & Co makes up
100.0%
of the fund's Finance sector allocation and has grown its share price by 1.8% in the past year.
The investment fund also strengthened its position in J P Morgan Exchange Traded F by buying
53,720 additional shares.
This makes their stake in J P Morgan Exchange Traded F total 438,426 shares worth $21.6 billion.
On the other hand, there are companies that Echo Wealth Management is getting rid of from its portfolio.
Echo Wealth Management closed its position in Capital Group Dividend Value on 17th July 2024.
It sold the previously owned 11,139 shares for $362 million.
Fang Huang also disclosed a decreased stake in General Mls Inc by approximately 0.1%.
This leaves the value of the investment at $3.96 billion and 62,610 shares.
One of the smallest hedge funds
The two most similar investment funds to Echo Wealth Management are Ff Advisors and Mork Capital Management. They manage $133 billion and $133 billion respectively.
Fang Huang investment strategy
Echo Wealth Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 6.8% of
the total portfolio value.
The fund focuses on investments in the United States as
35.7% 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
32% of the total holdings value.
On the other hand, small-cap stocks make up only 3.6% of the portfolio.
The average market cap of the portfolio companies is close to $665 billion.
The complete list of Echo Wealth Management 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 |
|---|---|---|---|
| J P Morgan Exchange Traded F |
13.96%
438,426
|
$21,582,175,000 | 16.27% |
| American Centy Etf Tr |
10.06%
579,595
|
$41,444,357,000 | 31.24% |
| First Tr Exchange-traded Fd |
7.47%
377,588
|
$8,828,012,000 | 6.65% |
| Pacer Fds Tr |
8.05%
151,197
|
$8,238,723,000 | 6.21% |
| Vanguard Bd Index Fds |
8.58%
104,992
|
$7,862,867,000 | 5.93% |
| Apple Inc |
65.49%
29,185
|
$6,146,948,000 | 4.63% |
| Spdr Ser Tr |
6.62%
137,222
|
$8,088,716,000 | 6.10% |
| General Mls Inc |
4.62%
62,610
|
$3,960,709,000 | 2.99% |
| Vanguard Tax-managed Fds |
5.80%
64,956
|
$3,210,126,000 | 2.42% |
| Vanguard Scottsdale Fds |
9.29%
34,320
|
$2,603,524,000 | 1.96% |
| Ishares Tr |
5.21%
49,626
|
$3,214,392,000 | 2.42% |
| Spdr Index Shs Fds |
1.02%
61,226
|
$2,306,395,000 | 1.74% |
| Vanguard World Fd |
No change
5,696
|
$1,789,740,000 | 1.35% |
| First Tr Exchng Traded Fd Vi |
0.19%
92,269
|
$3,508,770,000 | 2.64% |
| Vanguard Index Fds |
0.03%
7,865
|
$2,060,744,000 | 1.55% |
| Amazon.com Inc. |
4.39%
8,492
|
$1,641,079,000 | 1.24% |
| Microsoft Corporation |
50.74%
3,449
|
$1,541,531,000 | 1.16% |
| Tesla Inc |
0.68%
6,474
|
$1,280,976,000 | 0.97% |
| Invesco Exchange Traded Fd T |
2.86%
16,701
|
$633,803,000 | 0.48% |
| Meta Platforms Inc |
21.32%
978
|
$493,127,000 | 0.37% |
| JPMorgan Chase & Co. |
Opened
2,222
|
$449,422,000 | 0.34% |
| Capital Group Dividend Value |
Closed
11,139
|
$362,018,000 | |
| Proshares Tr |
No change
3,640
|
$349,913,000 | 0.26% |
| Ecolab, Inc. |
No change
1,226
|
$291,788,000 | 0.22% |
| Capital Group Intl Focus Eqt |
Closed
10,185
|
$262,569,000 | |
| NVIDIA Corp |
Opened
2,081
|
$257,087,000 | 0.19% |
| Ark Etf Tr |
6.72%
3,174
|
$247,667,000 | 0.19% |
| Honest Co Inc |
206.64%
76,659
|
$223,844,000 | 0.17% |
| Welltower Inc. |
Opened
2,000
|
$208,500,000 | 0.16% |
| Alphabet Inc |
Opened
1,124
|
$204,737,000 | 0.15% |
| No transactions found | |||
| Showing first 500 out of 30 holdings | |||
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