True Capital Management 13F annual report
True Capital Management is an investment fund managing more than $139 billion ran by Heather Goodman. There are currently 92 companies in Mrs. Goodman’s portfolio. The largest investments include Apple Inc and Palantir Technologies, together worth $20.6 billion.
$139 billion Assets Under Management (AUM)
As of 25th April 2023, True Capital Management’s top holding is 76,524 shares of Apple Inc currently worth over $12.6 billion and making up 9.1% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, True Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 945,464 shares of Palantir Technologies worth $7.99 billion, whose value fell 5.4% in the past six months.
The third-largest holding is Vanguard Specialized Funds worth $7.1 billion and the next is Meta Platforms Inc worth $5.84 billion, with 27,568 shares owned.
Currently, True Capital Management's portfolio is worth at least $139 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 True Capital Management
The True Capital Management office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Heather Goodman serves as the PRESIDENT AND CHIEF OPERATING OFFICER at True Capital Management.
Recent trades
In the most recent 13F filing, True Capital Management revealed that it had opened a new position in
Oaktree Specialty Lending Co and bought 34,607 shares worth $650 million.
The investment fund also strengthened its position in Apple Inc by buying
1,157 additional shares.
This makes their stake in Apple Inc total 76,524 shares worth $12.6 billion.
Apple Inc soared 7.4% in the past year.
On the other hand, there are companies that True Capital Management is getting rid of from its portfolio.
True Capital Management closed its position in Invesco Qqq Tr Unit Ser 1 on 2nd May 2023.
It sold the previously owned 23,979 shares for $6.39 billion.
Heather Goodman also disclosed a decreased stake in Palantir Technologies by approximately 0.1%.
This leaves the value of the investment at $7.99 billion and 945,464 shares.
One of the smaller hedge funds
The two most similar investment funds to True Capital Management are Bislett Management and Benchmark Wealth Management. They manage $139 billion and $139 billion respectively.
Heather Goodman investment strategy
True Capital Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 23.8% of
the total portfolio value.
The fund focuses on investments in the United States as
44.6% 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 2.2% of the portfolio.
The average market cap of the portfolio companies is close to $277 billion.
The complete list of True Capital Management trades based on 13F SEC filings
These positions were updated on May 2nd 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 |
|---|---|---|---|
| Apple Inc |
1.54%
76,524
|
$12,618,856,000 | 9.08% |
| Palantir Technologies Inc. |
2.85%
945,464
|
$7,989,171,000 | 5.75% |
| Vanguard Specialized Funds |
0.00%
46,129
|
$7,104,330,000 | 5.11% |
| Invesco Qqq Tr Unit Ser 1 |
Closed
23,979
|
$6,385,258,000 | |
| Meta Platforms Inc |
0.18%
27,568
|
$5,842,762,000 | 4.21% |
| NVIDIA Corp |
2.11%
13,907
|
$3,862,947,000 | 2.78% |
| Tesla Inc |
142.45%
18,150
|
$3,765,399,000 | 2.71% |
| Alphabet Inc |
2.29%
69,908
|
$7,261,305,000 | 5.23% |
| Coinbase Global Inc |
0.75%
50,792
|
$3,432,015,000 | 2.47% |
| Vanguard Index Fds |
0.76%
55,459
|
$8,841,077,000 | 6.36% |
| Amazon.com Inc. |
4.44%
31,200
|
$3,222,648,000 | 2.32% |
| Spdr Sp 500 Etf Tr |
16.85%
7,806
|
$3,195,688,000 | 2.30% |
| Microsoft Corporation |
9.25%
9,115
|
$2,627,919,000 | 1.89% |
| Dimensional Etf Trust |
2.41%
104,953
|
$3,681,811,000 | 2.65% |
| Block Inc |
0.33%
37,956
|
$2,605,679,000 | 1.88% |
| Ishares Tr |
2.49%
129,042
|
$10,697,684,000 | 7.70% |
| Walmart Inc |
0.48%
16,328
|
$2,407,538,000 | 1.73% |
| Procter And Gamble Co |
1.52%
15,711
|
$2,336,073,000 | 1.68% |
| Ishares Gold Tr |
No change
56,633
|
$2,116,375,000 | 1.52% |
| Ark Etf Tr |
4.08%
48,125
|
$1,836,918,000 | 1.32% |
| Select Sector Spdr Tr |
2.48%
68,638
|
$4,218,329,000 | 3.04% |
| First Tr Exchange-traded Fd |
5.51%
65,798
|
$4,189,510,000 | 3.02% |
| Vanguard World Fds |
0.74%
10,015
|
$1,627,041,000 | 1.17% |
| Visa Inc |
4.55%
5,520
|
$1,244,514,000 | 0.90% |
| Clorox Co. |
No change
7,728
|
$1,222,879,000 | 0.88% |
| First Tr Value Line Divid In |
1.43%
30,141
|
$1,210,444,000 | 0.87% |
| Airbnb, Inc. |
1.00%
9,500
|
$1,181,800,000 | 0.85% |
| Invesco Exch Traded Fd Tr Ii |
2.41%
54,069
|
$2,245,082,000 | 1.62% |
| Fb Finl Corp |
No change
33,582
|
$1,043,729,000 | 0.75% |
| Uber Technologies Inc |
24.31%
30,215
|
$957,816,000 | 0.69% |
| Philip Morris International Inc |
9.72%
8,575
|
$833,947,000 | 0.60% |
| First Trust Lrgcp Gwt Alphad |
2.12%
8,708
|
$810,150,000 | 0.58% |
| Netflix Inc. |
9.63%
2,140
|
$739,327,000 | 0.53% |
| Oaktree Strategic Income Corp Com |
Closed
107,105
|
$735,811,000 | |
| Global X Fds |
1.72%
29,483
|
$691,376,000 | 0.50% |
| Oaktree Specialty Lending Co |
Opened
34,607
|
$649,573,000 | 0.47% |
| Vanguard Whitehall Fds |
9.35%
6,097
|
$643,246,000 | 0.46% |
| Jpmorgan Chase Co |
14.55%
4,912
|
$640,119,000 | 0.46% |
| Schwab Strategic Tr |
No change
13,269
|
$634,922,000 | 0.46% |
| Luminar Technologies Inc |
4.71%
95,782
|
$621,625,000 | 0.45% |
| Target Corp |
1.73%
3,414
|
$565,461,000 | 0.41% |
| First Tr Morningstar Divid L |
1.79%
15,681
|
$556,684,000 | 0.40% |
| Salesforce Inc |
1.48%
2,672
|
$533,812,000 | 0.38% |
| Berkshire Hathaway Inc. |
6.17%
1,721
|
$531,393,000 | 0.38% |
| Golub Cap Bdc Inc |
3.58%
38,532
|
$522,494,000 | 0.38% |
| Mcdonalds Corp |
1.26%
1,771
|
$495,189,000 | 0.36% |
| VanEck ETF Trust |
2.44%
10,945
|
$485,520,000 | 0.35% |
| Broadcom Inc. |
7.64%
690
|
$442,955,000 | 0.32% |
| First Tr Exch Traded Fd Iii |
7.62%
32,405
|
$686,203,000 | 0.49% |
| Vanguard Bd Index Fds |
9.84%
5,863
|
$432,865,000 | 0.31% |
| Costco Whsl Corp New |
6.19%
858
|
$426,258,000 | 0.31% |
| Altria Group Inc. |
1.71%
9,116
|
$406,773,000 | 0.29% |
| Vanguard Tax-managed Fds |
0.85%
8,823
|
$398,536,000 | 0.29% |
| Vanguard World Fd |
6.38%
3,729
|
$376,662,000 | 0.27% |
| Starbucks Corp. |
22.26%
3,515
|
$366,051,000 | 0.26% |
| J P Morgan Exchange Traded F |
Opened
7,035
|
$354,001,000 | 0.25% |
| Mondelez International Inc. |
1.12%
5,052
|
$352,259,000 | 0.25% |
| CSX Corp. |
6.97%
11,646
|
$348,681,000 | 0.25% |
| Vanguard Intl Equity Index F |
17.96%
8,592
|
$347,106,000 | 0.25% |
| Disney Walt Co |
9.76%
3,431
|
$343,509,000 | 0.25% |
| First Tr Lrge Cp Core Alpha |
5.55%
4,257
|
$342,691,000 | 0.25% |
| Johnson Johnson |
5.55%
2,186
|
$338,826,000 | 0.24% |
| Spdr Gold Tr |
3.27%
1,798
|
$329,430,000 | 0.24% |
| Home Depot, Inc. |
46.77%
1,114
|
$328,668,000 | 0.24% |
| First Tr Exchng Traded Fd Vi |
14.14%
24,297
|
$548,844,000 | 0.40% |
| Chevron Corp. |
24.51%
1,900
|
$309,950,000 | 0.22% |
| Danaher Corp. |
5.90%
1,203
|
$303,204,000 | 0.22% |
| Consolidated Edison, Inc. |
2.99%
3,136
|
$300,021,000 | 0.22% |
| Advanced Micro Devices Inc. |
Opened
2,993
|
$293,344,000 | 0.21% |
| Pepsico Inc |
28.54%
1,572
|
$286,642,000 | 0.21% |
| First Tr Exchange Traded Fd |
16.88%
3,377
|
$283,861,000 | 0.20% |
| Texas Instrs Inc |
7.31%
1,512
|
$281,295,000 | 0.20% |
| Unitedhealth Group Inc |
34.25%
584
|
$275,857,000 | 0.20% |
| Abbvie Inc |
Opened
1,699
|
$270,843,000 | 0.19% |
| Caterpillar Inc. |
5.79%
1,170
|
$267,831,000 | 0.19% |
| First Tr Exchng Traded Fd Vi |
Opened
11,385
|
$267,206,000 | 0.19% |
| First Tr Lrg Cp Vl Alphadex |
12.12%
3,923
|
$260,448,000 | 0.19% |
| Lowes Cos Inc |
13.29%
1,270
|
$254,014,000 | 0.18% |
| Boeing Co. |
5.90%
1,185
|
$251,730,000 | 0.18% |
| Energy Vault Holdings Inc |
No change
116,726
|
$249,794,000 | 0.18% |
| Fedex Corp |
Opened
1,083
|
$247,569,000 | 0.18% |
| Marathon Pete Corp |
0.05%
1,834
|
$247,311,000 | 0.18% |
| Merck Co Inc |
Opened
2,310
|
$245,768,000 | 0.18% |
| Strategy Shs |
1.31%
12,041
|
$243,590,000 | 0.18% |
| Novo-nordisk A S |
Opened
1,502
|
$239,028,000 | 0.17% |
| Tjx Cos Inc New |
13.28%
2,935
|
$229,964,000 | 0.17% |
| 10x Genomics, Inc. |
Opened
3,834
|
$213,899,000 | 0.15% |
| Duke Energy Corp. |
12.85%
2,205
|
$212,718,000 | 0.15% |
| Accenture Plc Ireland |
Opened
731
|
$208,927,000 | 0.15% |
| Nike, Inc. |
Opened
1,696
|
$207,958,000 | 0.15% |
| United Parcel Service, Inc. |
Opened
1,057
|
$205,047,000 | 0.15% |
| First Tr Exchange Traded Fd Vi Dorsey Wright Focus 5 Etf |
Closed
4,351
|
$202,525,000 | |
| Phillips 66 |
Opened
1,993
|
$202,050,000 | 0.15% |
| PayPal Holdings Inc |
Opened
2,652
|
$201,393,000 | 0.14% |
| First Tr High Yield Opportunities 2027 Term Fd Com |
Closed
12,876
|
$173,565,000 | |
| Spire Global Inc |
No change
197,316
|
$131,807,000 | 0.09% |
| Stitch Fix Inc |
Closed
12,034
|
$37,426,000 | |
| Cel-sci Corp Com Par $0 001 New |
Closed
12,376
|
$29,084,000 | |
| Cumberland Pharmaceuticals Inc. |
Closed
12,025
|
$27,056,000 | |
| No transactions found | |||
| Showing first 500 out of 99 holdings | |||
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