Stearns Services 13F annual report
Stearns Services is an investment fund managing more than $638 million ran by Glenn Joyce. There are currently 101 companies in Mr. Joyce’s portfolio. The largest investments include Vanguard Bd Index Fds and Ishares Gold Trust, together worth $124 million.
$638 million Assets Under Management (AUM)
As of 23rd October 2020, Stearns Services’s top holding is 825,460 shares of Vanguard Bd Index Fds currently worth over $72.8 million and making up 11.4% of the portfolio value.
In addition, the fund holds 2,833,801 shares of Ishares Gold Trust worth $51 million.
The third-largest holding is Vanguard Intl Equity Index F worth $66.4 million and the next is Vanguard Index Fds worth $47.6 million, with 212,198 shares owned.
Currently, Stearns Services's portfolio is worth at least $638 million. 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 Stearns Services
The Stearns Services office and employees reside in Greensboro, North Carolina. According to the last 13-F report filed with the SEC, Glenn Joyce serves as the Vice President at Stearns Services.
Recent trades
In the most recent 13F filing, Stearns Services revealed that it had opened a new position in
Ishares Tr and bought 21,927 shares worth $1.93 million.
The investment fund also strengthened its position in Vanguard Bd Index Fds by buying
59,581 additional shares.
This makes their stake in Vanguard Bd Index Fds total 825,460 shares worth $72.8 million.
On the other hand, there are companies that Stearns Services is getting rid of from its portfolio.
Stearns Services closed its position in Lilly Eli & Co on 30th October 2020.
It sold the previously owned 1,614 shares for $265 thousand.
Glenn Joyce also disclosed a decreased stake in Vanguard Intl Equity Index F by approximately 0.1%.
This leaves the value of the investment at $66.4 million and 1,173,542 shares.
One of the average hedge funds
The two most similar investment funds to Stearns Services are Gratus Capital and Stack Management, Inc. They manage $639 million and $637 million respectively.
Glenn Joyce investment strategy
Stearns Services’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 2.5% of
the total portfolio value.
The fund focuses on investments in the United States as
53.5% 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
56% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $236 billion.
The complete list of Stearns Services trades based on 13F SEC filings
These positions were updated on October 30th 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 |
|---|---|---|---|
| Vanguard Bd Index Fds |
7.78%
825,460
|
$72,753,000 | 11.40% |
| Ishares Gold Trust |
4.75%
2,833,801
|
$50,980,000 | 7.99% |
| Vanguard Intl Equity Index F |
8.61%
1,173,542
|
$66,365,000 | 10.40% |
| Vanguard Index Fds |
5.64%
212,198
|
$47,606,000 | 7.46% |
| Vanguard Specialized Funds |
1.86%
319,810
|
$41,147,000 | 6.45% |
| Ishares Tr |
2.34%
799,112
|
$68,641,000 | 10.75% |
| Innovator Etfs Tr |
4.09%
2,963,423
|
$76,365,000 | 11.96% |
| Vanguard Malvern Fds |
7.01%
653,325
|
$33,333,000 | 5.22% |
| Wisdomtree Tr |
0.04%
851,574
|
$26,654,000 | 4.18% |
| Schwab Strategic Tr |
16.70%
882,227
|
$35,930,000 | 5.63% |
| Vanguard World Fds |
8.64%
47,177
|
$14,450,000 | 2.26% |
| Microsoft Corp. |
9.79%
39,341
|
$8,275,000 | 1.30% |
| Apple, Inc. |
203.52%
56,290
|
$6,519,000 | 1.02% |
| Berkshire Hathaway Inc. |
8.77%
28,979
|
$6,810,000 | 1.07% |
| Vanguard Whitehall Fds |
1.87%
61,364
|
$4,966,000 | 0.78% |
| Johnson & Johnson |
1.99%
32,531
|
$4,843,000 | 0.76% |
| Intel Corp. |
0.75%
72,368
|
$3,747,000 | 0.59% |
| Lowes Cos Inc |
4.28%
22,138
|
$3,672,000 | 0.58% |
| Select Sector Spdr Tr |
2.27%
136,559
|
$4,091,000 | 0.64% |
| Pepsico Inc |
2.56%
18,848
|
$2,612,000 | 0.41% |
| Walmart, Inc. |
0.03%
12,287
|
$1,719,000 | 0.27% |
| The Home Depot, Inc. |
3.04%
6,159
|
$1,710,000 | 0.27% |
| Cisco Sys Inc |
1.14%
41,641
|
$1,640,000 | 0.26% |
| Verizon Communications Inc |
0.12%
27,230
|
$1,620,000 | 0.25% |
| Amazon.com, Inc. |
2.64%
506
|
$1,593,000 | 0.25% |
| Truist Finl Corp |
2.12%
40,993
|
$1,560,000 | 0.24% |
| 3M Co. |
1.83%
9,423
|
$1,509,000 | 0.24% |
| Oracle Corp. |
3.18%
23,718
|
$1,416,000 | 0.22% |
| Chevron Corp. |
7.93%
18,924
|
$1,363,000 | 0.21% |
| Abbott Labs |
9.49%
12,393
|
$1,349,000 | 0.21% |
| Ishares Tr |
Opened
21,927
|
$1,933,000 | 0.30% |
| Alphabet, Inc. |
7.05%
1,424
|
$2,089,000 | 0.33% |
| Procter And Gamble Co |
14.66%
9,293
|
$1,292,000 | 0.20% |
| Lattice Strategies Tr |
95.33%
46,528
|
$1,204,000 | 0.19% |
| Automatic Data Processing In |
0.68%
8,239
|
$1,149,000 | 0.18% |
| Amgen, Inc. |
0.68%
4,309
|
$1,095,000 | 0.17% |
| Nushares Etf Tr |
11.41%
55,164
|
$2,087,000 | 0.33% |
| Sysco Corp. |
4.12%
17,244
|
$1,073,000 | 0.17% |
| Raytheon Technologies Corp. |
1.84%
18,561
|
$1,068,000 | 0.17% |
| Mcdonalds Corp |
12.59%
4,806
|
$1,055,000 | 0.17% |
| JPMorgan Chase & Co. |
0.95%
10,833
|
$1,043,000 | 0.16% |
| United Parcel Service, Inc. |
31.96%
5,945
|
$991,000 | 0.16% |
| Visa, Inc. |
10.89%
4,796
|
$959,000 | 0.15% |
| International Business Machs |
8.59%
7,794
|
$948,000 | 0.15% |
| Bk Of America Corp |
0.88%
36,370
|
$876,000 | 0.14% |
| Pfizer Inc. |
5.77%
23,638
|
$868,000 | 0.14% |
| AbbVie, Inc. |
4.88%
9,881
|
$866,000 | 0.14% |
| The Coca-Cola Co. |
12.50%
17,492
|
$864,000 | 0.14% |
| Texas Instrs Inc |
6.94%
5,769
|
$824,000 | 0.13% |
| Vanguard World Fd |
0.99%
16,293
|
$869,000 | 0.14% |
| AT&T, Inc. |
12.35%
26,985
|
$769,000 | 0.12% |
| Union Pac Corp |
9.32%
3,736
|
$736,000 | 0.12% |
| Duke Energy Corp. |
2.55%
8,071
|
$715,000 | 0.11% |
| Illinois Tool Wks Inc |
0.09%
3,497
|
$676,000 | 0.11% |
| Paychex, Inc. |
0.77%
8,294
|
$662,000 | 0.10% |
| Exxon Mobil Corp. |
0.48%
18,730
|
$643,000 | 0.10% |
| Stryker Corp. |
6.25%
3,014
|
$628,000 | 0.10% |
| Spdr S&p 500 Etf Tr |
6.34%
1,846
|
$618,000 | 0.10% |
| Kimberly-Clark Corp. |
6.56%
3,874
|
$572,000 | 0.09% |
| The Boeing Co. |
1.00%
3,353
|
$554,000 | 0.09% |
| Merck & Co., Inc. |
3.14%
6,184
|
$513,000 | 0.08% |
| QUALCOMM, Inc. |
16.65%
4,289
|
$505,000 | 0.08% |
| Innovator Etfs Tr |
Opened
37,689
|
$1,027,000 | 0.16% |
| Philip Morris International, Inc. |
25.38%
6,584
|
$494,000 | 0.08% |
| Danaher Corp. |
18.68%
2,247
|
$484,000 | 0.08% |
| ConocoPhillips |
2.04%
14,566
|
$478,000 | 0.07% |
| CSX Corp. |
0.18%
6,113
|
$475,000 | 0.07% |
| CVS Health Corp. |
12.35%
7,358
|
$430,000 | 0.07% |
| Novartis AG |
0.88%
4,860
|
$423,000 | 0.07% |
| Bristol Myers Squibb Co. |
3.11%
6,971
|
$420,000 | 0.07% |
| Altria Group, Inc. |
27.65%
10,525
|
$407,000 | 0.06% |
| Brown-Forman Corporation |
0.02%
5,037
|
$379,000 | 0.06% |
| Target Corp. |
11.68%
2,291
|
$361,000 | 0.06% |
| Vaneck Merk Gold Tr |
No change
19,562
|
$360,000 | 0.06% |
| Spdr Gold Tr |
17.67%
1,958
|
$347,000 | 0.05% |
| Northern Tr Corp |
0.78%
4,159
|
$324,000 | 0.05% |
| Spdr Ser Tr |
0.04%
7,298
|
$431,000 | 0.07% |
| Vanguard Mun Bd Fds |
0.49%
5,699
|
$310,000 | 0.05% |
| Fastenal Co. |
6.58%
6,811
|
$307,000 | 0.05% |
| Otis Worldwide Corporation |
29.54%
4,825
|
$301,000 | 0.05% |
| Carrier Global Corporation |
28.14%
9,821
|
$300,000 | 0.05% |
| Deere & Co. |
20.27%
1,314
|
$291,000 | 0.05% |
| Walgreens Boots Alliance, Inc. |
0.70%
8,039
|
$289,000 | 0.05% |
| Norfolk Southn Corp |
0.08%
1,268
|
$271,000 | 0.04% |
| UnitedHealth Group, Inc. |
1.36%
869
|
$271,000 | 0.04% |
| Lilly Eli & Co |
Closed
1,614
|
$265,000 | |
| Caterpillar, Inc. |
2.32%
1,766
|
$263,000 | 0.04% |
| Mondelez International, Inc. |
3.78%
4,577
|
$263,000 | 0.04% |
| Aflac, Inc. |
No change
6,838
|
$249,000 | 0.04% |
| Emerson Elec Co |
1.37%
3,763
|
$247,000 | 0.04% |
| Pimco Etf Tr |
Opened
2,601
|
$268,000 | 0.04% |
| Enbridge, Inc. |
Opened
7,961
|
$232,000 | 0.04% |
| Booking Holdings, Inc. |
Closed
143
|
$228,000 | |
| salesforce.com, inc. |
38.78%
873
|
$219,000 | 0.03% |
| NextEra Energy, Inc. |
Opened
781
|
$217,000 | 0.03% |
| Wells Fargo Co New |
9.64%
9,067
|
$213,000 | 0.03% |
| Kinder Morgan, Inc. |
Opened
17,260
|
$213,000 | 0.03% |
| Schwab Strategic Tr |
Closed
6,880
|
$203,000 | |
| Honeywell International, Inc. |
Opened
1,223
|
$201,000 | 0.03% |
| Disney Walt Co |
Closed
1,791
|
$200,000 | |
| Amcor Plc |
0.56%
17,675
|
$195,000 | 0.03% |
| Liberty All Star Equity Fd |
Closed
33,268
|
$190,000 | |
| Spdr Ser Tr |
Opened
4,098
|
$257,000 | 0.04% |
| General Electric Co. |
0.76%
17,002
|
$106,000 | 0.02% |
| Vanguard World Fds |
Opened
146
|
$9,000 | 0.00% |
| Tesla, Inc. |
650.00%
15
|
$6,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 106 holdings | |||
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