Lpwm 13F annual report
Lpwm is an investment fund managing more than $289 billion ran by David Benning. There are currently 36 companies in Mr. Benning’s portfolio. The largest investments include Vanguard Scottsdale Fds and Ishares Tr, together worth $197 billion.
$289 billion Assets Under Management (AUM)
As of 8th July 2024, Lpwm’s top holding is 711,900 shares of Vanguard Scottsdale Fds currently worth over $72 billion and making up 24.9% of the portfolio value.
In addition, the fund holds 1,018,628 shares of Ishares Tr worth $125 billion.
The third-largest holding is Vanguard Malvern Fds worth $9.9 billion and the next is J P Morgan Exchange Traded F worth $10.9 billion, with 215,326 shares owned.
Currently, Lpwm's portfolio is worth at least $289 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 Lpwm
The Lpwm office and employees reside in Minneapolis, Minnesota. According to the last 13-F report filed with the SEC, David Benning serves as the Chief Compliance Officer at Lpwm.
Recent trades
In the most recent 13F filing, Lpwm revealed that it had opened a new position in
Ishares Tr and bought 10,227 shares worth $1.28 billion.
The investment fund also strengthened its position in Vanguard Scottsdale Fds by buying
6,318 additional shares.
This makes their stake in Vanguard Scottsdale Fds total 711,900 shares worth $72 billion.
On the other hand, there are companies that Lpwm is getting rid of from its portfolio.
Lpwm closed its position in Phillips 66 on 15th July 2024.
It sold the previously owned 1,390 shares for $230 million.
David Benning also disclosed a decreased stake in Vanguard Malvern Fds by approximately 0.1%.
This leaves the value of the investment at $9.9 billion and 205,132 shares.
One of the smaller hedge funds
The two most similar investment funds to Lpwm are Trinity Legacy Partners and Trunorth Capital Management. They manage $289 billion and $289 billion respectively.
David Benning investment strategy
Lpwm’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 2.6% of
the total portfolio value.
The fund focuses on investments in the United States as
41.7% 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
39% of the total holdings value.
On the other hand, small-cap stocks make up only 2.8% of the portfolio.
The average market cap of the portfolio companies is close to $553 billion.
The complete list of Lpwm trades based on 13F SEC filings
These positions were updated on July 15th 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 Scottsdale Fds |
0.90%
711,900
|
$72,039,181,000 | 24.92% |
| Ishares Tr |
1.18%
1,018,628
|
$124,596,407,000 | 43.11% |
| Vanguard Malvern Fds |
0.25%
205,132
|
$9,895,580,000 | 3.42% |
| J P Morgan Exchange Traded F |
2.24%
215,326
|
$10,856,511,000 | 3.76% |
| Spdr Ser Tr |
0.15%
74,376
|
$5,778,272,000 | 2.00% |
| Vanguard Intl Equity Index F |
1.72%
212,963
|
$11,055,282,000 | 3.82% |
| Vanguard Index Fds |
1.22%
125,010
|
$17,867,540,000 | 6.18% |
| NVIDIA Corp |
886.14%
30,807
|
$3,949,407,000 | 1.37% |
| Ishares Inc |
1.54%
83,456
|
$4,962,389,000 | 1.72% |
| Berkshire Hathaway Inc. |
0.11%
9,114
|
$3,728,355,000 | 1.29% |
| Invesco Exch Traded Fd Tr Ii |
1.69%
135,212
|
$3,245,061,000 | 1.12% |
| Vanguard Tax-managed Fds |
2.27%
51,344
|
$2,580,529,000 | 0.89% |
| Vanguard World Fd |
1.50%
12,115
|
$3,706,631,000 | 1.28% |
| Select Sector Spdr Tr |
0.09%
20,971
|
$3,007,678,000 | 1.04% |
| Amazon.com Inc. |
2.80%
6,419
|
$1,279,243,000 | 0.44% |
| Broadcom Inc. |
1.81%
562
|
$981,173,000 | 0.34% |
| Apple Inc |
4.06%
4,114
|
$937,151,000 | 0.32% |
| Ishares Tr |
Opened
10,227
|
$1,276,096,000 | 0.44% |
| Alphabet Inc |
0.01%
7,605
|
$1,442,071,000 | 0.50% |
| Vanguard Mun Bd Fds |
3.99%
16,619
|
$834,939,000 | 0.29% |
| Tesla Inc |
17.58%
2,274
|
$575,098,000 | 0.20% |
| Microsoft Corporation |
0.17%
1,204
|
$561,353,000 | 0.19% |
| Dell Technologies Inc |
No change
3,190
|
$465,644,000 | 0.16% |
| Spdr Sp 500 Etf Tr |
0.24%
831
|
$461,438,000 | 0.16% |
| Ecolab, Inc. |
No change
1,324
|
$321,573,000 | 0.11% |
| Vanguard Bd Index Fds |
9.69%
3,990
|
$288,888,000 | 0.10% |
| Invesco Exchange Traded Fd T |
0.90%
4,487
|
$288,469,000 | 0.10% |
| Freeport-McMoRan Inc |
No change
5,185
|
$265,109,000 | 0.09% |
| 3M Co. |
No change
2,414
|
$244,055,000 | 0.08% |
| Meta Platforms Inc |
Opened
451
|
$238,723,000 | 0.08% |
| Mastercard Incorporated |
No change
532
|
$237,400,000 | 0.08% |
| Unitedhealth Group Inc |
2.04%
479
|
$234,394,000 | 0.08% |
| Phillips 66 |
Closed
1,390
|
$229,572,000 | |
| Jpmorgan Chase Co. |
Opened
1,110
|
$227,739,000 | 0.08% |
| Spdr Ser Tr |
Opened
2,350
|
$215,049,000 | 0.07% |
| Select Sector Spdr Tr |
Opened
2,416
|
$210,120,000 | 0.07% |
| First Tr Exchange-traded Fd |
5.46%
11,353
|
$189,141,000 | 0.07% |
| Prosomnus Inc |
Closed
67,265
|
$38,032,000 | |
| No transactions found | |||
| Showing first 500 out of 38 holdings | |||
Hedge funds similar to Lpwm
- Hurlow Wealth Management
- Ballast
- Hudson Capital Management
- Riverview Capital Advisers
- Investment Management Associates Inc adv
- Maltese Capital Management
- Helen Stephens
- Trinity Legacy Partners
- Trunorth Capital Management
- Courage Miller Partners
- Axs Investments
- Us Financial Advisors
- Mka Charitable Fund
- Daniels&tansey,llp