Fidelity National 13F annual report
Fidelity National is an investment fund managing more than $5.91 trillion ran by Michael Gravelle. There are currently 20 companies in Mr. Gravelle’s portfolio. The largest investments include F&g Annuities And Life Inc and Alight, together worth $5.42 trillion.
$5.91 trillion Assets Under Management (AUM)
As of 1st August 2024, Fidelity National’s top holding is 106,442,551 shares of F&g Annuities And Life Inc currently worth over $5.26 trillion and making up 89.1% of the portfolio value.
In addition, the fund holds 22,300,000 shares of Alight worth $165 billion, whose value fell 22.9% in the past six months.
The third-largest holding is Crescent Cap Bdc Inc worth $79 billion and the next is Paysafe Limited worth $66.3 billion, with 3,750,002 shares owned.
Currently, Fidelity National's portfolio is worth at least $5.91 trillion. 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 Fidelity National
The Fidelity National office and employees reside in Jacksonville, Florida. According to the last 13-F report filed with the SEC, Michael Gravelle serves as the EVP, General Counsel and Corporate Secretary at Fidelity National.
Recent trades
In the most recent 13F filing, Fidelity National revealed that it had opened a new position in
Lamb Weston Inc and bought 250,000 shares worth $21 billion.
This means they effectively own approximately 0.1% of the company.
Lamb Weston Inc makes up
42.6%
of the fund's Consumer Staples sector allocation and has decreased its share price by 42.1% in the past year.
The investment fund also strengthened its position in United Parcel Service by buying
113,299 additional shares.
This makes their stake in United Parcel Service total 220,000 shares worth $30.1 billion.
United Parcel Service dropped 31.7% in the past year.
On the other hand, there are companies that Fidelity National is getting rid of from its portfolio.
Fidelity National closed its position in Alphabet Inc on 8th August 2024.
It sold the previously owned 170,000 shares for $25.7 billion.
Michael Gravelle also disclosed a decreased stake in Porch Inc by 0.2%.
This leaves the value of the investment at $5.24 billion and 3,470,980 shares.
One of the largest hedge funds
The two most similar investment funds to Fidelity National are Compagnie Lombard Odier Scma and Rothschild & Co Wealth Management Uk Ltd. They manage $5.91 trillion and $5.87 trillion respectively.
Michael Gravelle investment strategy
Fidelity National’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 2.9% of
the total portfolio value.
The fund focuses on investments in the United States as
70.0% 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
45% of the total holdings value.
On the other hand, small-cap stocks make up only 5.0% of the portfolio.
The average market cap of the portfolio companies is close to $71.7 billion.
The complete list of Fidelity National trades based on 13F SEC filings
These positions were updated on August 8th 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 |
|---|---|---|---|
| F&g Annuities And Life Inc |
No change
106,442,551
|
$5,260,390,870,000 | 89.05% |
| Alight Inc. |
No change
22,300,000
|
$164,574,000,000 | 2.79% |
| Crescent Cap Bdc Inc |
No change
4,205,307
|
$78,975,667,000 | 1.34% |
| Paysafe Limited |
No change
3,750,002
|
$66,300,035,000 | 1.12% |
| Dayforce Inc |
No change
800,000
|
$39,680,000,000 | 0.67% |
| United Parcel Service, Inc. |
106.18%
220,000
|
$30,107,000,000 | 0.51% |
| Philip Morris International Inc |
24.67%
280,000
|
$28,372,400,000 | 0.48% |
| Genuine Parts Co. |
3.09%
202,000
|
$27,940,640,000 | 0.47% |
| Chevron Corp. |
63.81%
172,000
|
$26,904,240,000 | 0.46% |
| Alphabet Inc |
Closed
170,000
|
$25,658,100,000 | |
| RTX Corp |
150.00%
250,000
|
$25,097,500,000 | 0.42% |
| Blackstone Inc |
No change
200,000
|
$24,760,000,000 | 0.42% |
| Unitedhealth Group Inc |
Closed
50,000
|
$24,735,000,000 | |
| Lockheed Martin Corp. |
Closed
50,000
|
$22,743,500,000 | |
| Lamb Weston Holdings Inc |
Opened
250,000
|
$21,020,000,000 | 0.36% |
| Whirlpool Corp. |
Opened
200,000
|
$20,440,000,000 | 0.35% |
| Textron Inc. |
Opened
230,000
|
$19,747,800,000 | 0.33% |
| Vici Pptys Inc |
No change
683,000
|
$19,561,120,000 | 0.33% |
| Invitation Homes Inc |
Closed
500,000
|
$17,805,000,000 | |
| Cisco Sys Inc |
0.01%
336,434
|
$15,983,979,000 | 0.27% |
| Citigroup Inc |
No change
250,000
|
$15,865,000,000 | 0.27% |
| AT&T Inc. |
No change
639,831
|
$12,227,170,000 | 0.21% |
| Johnson & Johnson |
Closed
58,480
|
$9,250,951,000 | |
| Pepsico Inc |
Closed
35,916
|
$6,285,659,000 | |
| Porch Group Inc |
17.95%
3,470,980
|
$5,241,180,000 | 0.09% |
| 3M Co. |
Closed
40,325
|
$4,277,273,000 | |
| Diebold Nixdorf Inc |
No change
102,826
|
$3,956,744,000 | 0.07% |
| No transactions found | |||
| Showing first 500 out of 27 holdings | |||
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