Empire Life Investments 13F annual report
Empire Life Investments is an investment fund managing more than $1.59 trillion ran by Richard Carty. There are currently 85 companies in Mr. Carty’s portfolio. The largest investments include Microsoft and Vanguard Index Fds, together worth $191 billion.
$1.59 trillion Assets Under Management (AUM)
As of 24th July 2024, Empire Life Investments’s top holding is 271,010 shares of Microsoft currently worth over $121 billion and making up 7.6% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Empire Life Investments owns more than approximately 0.1% of the company.
In addition, the fund holds 139,056 shares of Vanguard Index Fds worth $69.5 billion.
The third-largest holding is Amazon.com worth $57.6 billion and the next is Elevance Health Inc worth $53 billion, with 97,879 shares owned.
Currently, Empire Life Investments's portfolio is worth at least $1.59 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 Empire Life Investments
The Empire Life Investments office and employees reside in Toronto, Ontario, Canada. According to the last 13-F report filed with the SEC, Richard Carty serves as the General Counsel at Empire Life Investments.
Recent trades
In the most recent 13F filing, Empire Life Investments revealed that it had opened a new position in
Autozone and bought 3,385 shares worth $10 billion.
This means they effectively own approximately 0.1% of the company.
Autozone makes up
7.1%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 18.9% in the past year.
The investment fund also strengthened its position in Vanguard Index Fds by buying
25,745 additional shares.
This makes their stake in Vanguard Index Fds total 139,056 shares worth $69.5 billion.
On the other hand, there are companies that Empire Life Investments is getting rid of from its portfolio.
Empire Life Investments closed its position in Albemarle on 31st July 2024.
It sold the previously owned 9,244 shares for $1.22 billion.
Richard Carty also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $121 billion and 271,010 shares.
One of the largest hedge funds
The two most similar investment funds to Empire Life Investments are Sageworth Trust Co and Carlyle. They manage $1.59 trillion and $1.59 trillion respectively.
Richard Carty investment strategy
Empire Life Investments’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 16.0% of
the total portfolio value.
The fund focuses on investments in the United States as
64.7% 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
49% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $167 billion.
The complete list of Empire Life Investments trades based on 13F SEC filings
These positions were updated on July 31st 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 |
|---|---|---|---|
| Microsoft Corporation |
4.17%
271,010
|
$121,127,920,000 | 7.64% |
| Vanguard Index Fds |
22.72%
139,056
|
$69,546,077,000 | 4.39% |
| Amazon.com Inc. |
1.41%
298,136
|
$57,614,782,000 | 3.63% |
| Elevance Health Inc |
5.53%
97,879
|
$53,036,715,000 | 3.35% |
| Visa Inc |
3.88%
189,983
|
$49,864,838,000 | 3.15% |
| Alphabet Inc |
10.64%
271,611
|
$49,818,890,000 | 3.14% |
| Pnc Finl Svcs Group Inc |
5.52%
292,560
|
$45,487,229,000 | 2.87% |
| Merck & Co Inc |
21.78%
366,433
|
$45,364,405,000 | 2.86% |
| Mastercard Incorporated |
10.14%
98,881
|
$43,622,342,000 | 2.75% |
| Ross Stores, Inc. |
5.35%
280,359
|
$40,741,770,000 | 2.57% |
| Tjx Cos Inc New |
6.00%
355,023
|
$39,088,032,000 | 2.47% |
| Newmont Corp |
154.10%
879,748
|
$36,835,049,000 | 2.32% |
| Fiserv, Inc. |
10.91%
237,323
|
$35,370,620,000 | 2.23% |
| Eog Res Inc |
11.68%
254,644
|
$32,052,040,000 | 2.02% |
| Johnson & Johnson |
4.48%
208,531
|
$30,478,891,000 | 1.92% |
| Tyler Technologies, Inc. |
3.20%
60,228
|
$30,281,434,000 | 1.91% |
| Bank Of America Corp. |
14.52%
752,669
|
$29,933,646,000 | 1.89% |
| Northrop Grumman Corp. |
5.65%
68,501
|
$29,863,011,000 | 1.88% |
| Chevron Corp. |
26.70%
180,172
|
$28,182,504,000 | 1.78% |
| Altria Group Inc. |
5.25%
565,389
|
$25,753,469,000 | 1.62% |
| Ameren Corp. |
5.40%
358,362
|
$25,483,122,000 | 1.61% |
| Ishares Tr |
52.35%
601,732
|
$59,068,974,000 | 3.73% |
| Comcast Corp New |
5.41%
621,293
|
$24,329,834,000 | 1.53% |
| Texas Instrs Inc |
5.53%
123,915
|
$24,105,185,000 | 1.52% |
| Pepsico Inc |
5.88%
139,162
|
$22,951,989,000 | 1.45% |
| Ametek Inc |
0.51%
134,509
|
$22,423,995,000 | 1.41% |
| Motorola Solutions Inc |
3.18%
56,942
|
$21,982,459,000 | 1.39% |
| Tidewater Inc. |
8.30%
227,356
|
$21,646,565,000 | 1.37% |
| Costco Whsl Corp New |
5.26%
24,618
|
$20,925,054,000 | 1.32% |
| Zoetis Inc |
45.23%
118,292
|
$20,507,101,000 | 1.29% |
| Bristol-Myers Squibb Co. |
5.37%
489,767
|
$20,340,024,000 | 1.28% |
| Apple Inc |
460.58%
90,399
|
$19,039,837,000 | 1.20% |
| WEC Energy Group Inc |
5.15%
235,379
|
$18,467,836,000 | 1.16% |
| Fidelity Natl Information Sv |
5.39%
239,592
|
$18,055,653,000 | 1.14% |
| AT&T Inc. |
23.13%
908,975
|
$17,370,512,000 | 1.10% |
| Roper Technologies Inc |
5.93%
28,781
|
$16,222,698,000 | 1.02% |
| CME Group Inc |
5.27%
81,076
|
$15,939,542,000 | 1.01% |
| Danaher Corp. |
5.51%
63,546
|
$15,876,968,000 | 1.00% |
| Vontier Corporation |
8.50%
414,681
|
$15,840,814,000 | 1.00% |
| Lam Research Corp. |
2.30%
14,465
|
$15,403,055,000 | 0.97% |
| Constellation Brands Inc |
5.42%
58,063
|
$14,938,449,000 | 0.94% |
| Peabody Energy Corp. |
5.30%
674,903
|
$14,928,854,000 | 0.94% |
| Invesco Exch Traded Fd Tr Ii |
0.14%
70,600
|
$13,915,966,000 | 0.88% |
| Verizon Communications Inc |
5.06%
335,566
|
$13,838,742,000 | 0.87% |
| Willscot Mobil Mini Hldng Co |
53.39%
363,174
|
$13,669,869,000 | 0.86% |
| Regal Rexnord Corporation |
5.62%
95,501
|
$12,913,645,000 | 0.81% |
| Gentex Corp. |
4.86%
382,484
|
$12,893,536,000 | 0.81% |
| Bently Systems Inc |
3.83%
254,609
|
$12,567,500,000 | 0.79% |
| Philip Morris International Inc |
10.85%
120,576
|
$12,217,966,000 | 0.77% |
| Valero Energy Corp. |
24.25%
76,556
|
$12,000,919,000 | 0.76% |
| Exact Sciences Corp. |
3.84%
251,087
|
$10,608,426,000 | 0.67% |
| Autozone Inc. |
Opened
3,385
|
$10,033,479,000 | 0.63% |
| Cintas Corporation |
2.88%
13,756
|
$9,632,777,000 | 0.61% |
| Progressive Corp. |
33.65%
39,724
|
$8,251,072,000 | 0.52% |
| Unitedhealth Group Inc |
2.88%
14,778
|
$7,525,844,000 | 0.47% |
| MongoDB Inc |
11.09%
26,524
|
$6,629,939,000 | 0.42% |
| Automatic Data Processing Inc. |
10.88%
26,641
|
$6,358,940,000 | 0.40% |
| SiteOne Landscape Supply Inc |
2.73%
44,950
|
$5,457,380,000 | 0.34% |
| Evi Inds Inc |
3.50%
235,672
|
$4,458,914,000 | 0.28% |
| MSCI Inc |
1.54%
8,848
|
$4,262,524,000 | 0.27% |
| HubSpot Inc |
4.30%
5,937
|
$3,501,583,000 | 0.22% |
| Vanguard Scottsdale Fds |
14.82%
62,766
|
$5,410,686,000 | 0.34% |
| Huntington Bancshares, Inc. |
5.39%
248,613
|
$3,276,719,000 | 0.21% |
| T Rowe Price Etf Inc |
20.94%
103,368
|
$3,988,354,000 | 0.25% |
| Veralto Corp |
5.43%
28,759
|
$2,745,622,000 | 0.17% |
| Acadia Pharmaceuticals Inc |
5.40%
160,662
|
$2,610,758,000 | 0.16% |
| Legend Biotech Corp |
Opened
56,320
|
$2,494,413,000 | 0.16% |
| Spdr Ser Tr |
28.85%
27,688
|
$2,218,639,000 | 0.14% |
| Morningstar Inc |
1.37%
6,750
|
$1,996,988,000 | 0.13% |
| Raymond James Finl Inc |
1.36%
15,027
|
$1,857,487,000 | 0.12% |
| Ishares Tr |
Opened
13,400
|
$1,924,066,000 | 0.12% |
| Intercontinental Exchange In |
16.68%
12,797
|
$1,751,781,000 | 0.11% |
| Chord Energy Corporation |
Opened
10,399
|
$1,743,704,000 | 0.11% |
| Henry Jack & Assoc Inc |
1.35%
10,391
|
$1,725,114,000 | 0.11% |
| Fidelity Covington Trust |
34.45%
72,200
|
$1,707,530,000 | 0.11% |
| Ansys Inc. |
1.38%
5,081
|
$1,633,542,000 | 0.10% |
| CDW Corp |
1.36%
6,535
|
$1,462,794,000 | 0.09% |
| Burlington Stores Inc |
1.37%
6,061
|
$1,454,640,000 | 0.09% |
| Albemarle Corp. |
Closed
9,244
|
$1,217,805,000 | |
| CubeSmart |
1.36%
26,819
|
$1,211,414,000 | 0.08% |
| Church & Dwight Co., Inc. |
1.35%
10,598
|
$1,098,801,000 | 0.07% |
| Twilio Inc |
0.28%
18,887
|
$1,072,970,000 | 0.07% |
| Crocs Inc |
93.81%
7,323
|
$1,068,719,000 | 0.07% |
| Planet Fitness Inc |
Closed
15,478
|
$969,387,000 | |
| Iridium Communications Inc |
Closed
33,177
|
$867,910,000 | |
| Lazard Inc. |
Closed
19,252
|
$806,081,000 | |
| Invesco Exch Traded Fd Tr Ii |
Closed
14,400
|
$665,136,000 | |
| Vanguard Whitehall Fds |
Closed
6,400
|
$521,792,000 | |
| Franklin Templeton Etf Tr |
Opened
4,600
|
$169,225,000 | 0.01% |
| United Rentals, Inc. |
Closed
233
|
$168,019,000 | |
| Vanguard Intl Equity Index F |
Opened
387
|
$43,588,000 | 0.00% |
| Omeros Corporation |
0.91%
8,959
|
$36,374,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 92 holdings | |||
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