Tru Independence Asset Management 2 13F annual report

Tru Independence Asset Management 2 is an investment fund managing more than $98.5 billion ran by Michelle Eldridge. There are currently 57 companies in Mrs. Eldridge’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $15.1 billion.

Limited to 30 biggest holdings

$98.5 billion Assets Under Management (AUM)

As of 19th April 2023, Tru Independence Asset Management 2’s top holding is 27,245 shares of Microsoft currently worth over $7.85 billion and making up 8.0% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Tru Independence Asset Management 2 owns more than approximately 0.1% of the company. In addition, the fund holds 26,243 shares of NVIDIA Corp worth $7.29 billion, whose value grew 103.5% in the past six months. The third-largest holding is Amazon.com worth $5.06 billion and the next is Apple Inc worth $3.86 billion, with 23,409 shares owned.

Currently, Tru Independence Asset Management 2's portfolio is worth at least $98.5 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 Tru Independence Asset Management 2

The Tru Independence Asset Management 2 office and employees reside in Portland, Oregon. According to the last 13-F report filed with the SEC, Michelle Eldridge serves as the SR. COMPLIANCE OFFICER at Tru Independence Asset Management 2.

Recent trades

In the most recent 13F filing, Tru Independence Asset Management 2 revealed that it had opened a new position in NVIDIA Corp and bought 26,243 shares worth $7.29 billion. This means they effectively own approximately 0.1% of the company. NVIDIA Corp makes up 24.7% of the fund's Technology sector allocation and has grown its share price by 39.7% in the past year.

The investment fund also strengthened its position in Microsoft by buying 15,227 additional shares. This makes their stake in Microsoft total 27,245 shares worth $7.85 billion. Microsoft soared 1.9% in the past year.

On the other hand, there are companies that Tru Independence Asset Management 2 is getting rid of from its portfolio. Tru Independence Asset Management 2 closed its position in Ishares Tr on 26th April 2023. It sold the previously owned 373,659 shares for $30.1 million. Michelle Eldridge also disclosed a decreased stake in Apple Inc by approximately 0.1%. This leaves the value of the investment at $3.86 billion and 23,409 shares.

One of the smaller hedge funds

The two most similar investment funds to Tru Independence Asset Management 2 are Robbie L. Kennerson P.a and Heritage Wealth Management, texas. They manage $98.6 billion and $98.6 billion respectively.

Michelle Eldridge investment strategy

Tru Independence Asset Management 2’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 30.0% of the total portfolio value. The fund focuses on investments in the United States as 59.6% 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 56% of the total holdings value. On the other hand, small-cap stocks make up only 3.5% of the portfolio. The average market cap of the portfolio companies is close to $289 billion.

The complete list of Tru Independence Asset Management 2 trades based on 13F SEC filings

These positions were updated on April 26th 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	126.70% 27,245	$7,854,654,000	7.97%
NVIDIA Corp	Opened 26,243	$7,289,414,000	7.40%
Amazon.com Inc.	168.40% 48,945	$5,055,529,000	5.13%
Apple Inc	3.86% 23,409	$3,860,100,000	3.92%
Thermo Fisher Scientific Inc.	261.68% 5,729	$3,302,016,000	3.35%
Alphabet Inc	227.99% 45,000	$4,676,324,000	4.75%
Lam Research Corp.	Opened 5,813	$3,081,588,000	3.13%
IPG Photonics Corp	Opened 23,037	$2,840,692,000	2.88%
Teleflex Incorporated	Opened 11,020	$2,791,476,000	2.83%
Intuitive Surgical Inc	897.52% 10,843	$2,770,061,000	2.81%
Clorox Co.	Opened 17,449	$2,761,130,000	2.80%
Lennar Corp.	Opened 26,225	$2,756,510,000	2.80%
Verisk Analytics Inc	Opened 14,248	$2,733,621,000	2.77%
Berkshire Hathaway Inc.	1.52% 8,729	$2,695,253,000	2.74%
Waters Corp.	Opened 8,699	$2,693,471,000	2.73%
Tractor Supply Co.	Opened 11,401	$2,679,691,000	2.72%
Ishares Tr	Opened 73,919	$2,994,785,000	3.04%
Blackrock Inc.	Opened 3,927	$2,627,880,000	2.67%
Paychex Inc.	17.01% 22,532	$2,581,901,000	2.62%
Ishares Tr	0.27% 113,361	$10,525,473,000	10.68%
Applied Matls Inc	Opened 20,311	$2,494,786,000	2.53%
Crowdstrike Holdings Inc	Opened 16,679	$2,289,360,000	2.32%
Ishares Gold Tr	1.91% 47,283	$1,766,966,000	1.79%
Copart, Inc.	Opened 16,487	$1,239,987,000	1.26%
Danaher Corp.	Opened 3,240	$816,705,000	0.83%
Meta Platforms Inc	18.70% 3,276	$694,315,000	0.70%
Disney Walt Co	4.92% 6,265	$627,314,000	0.64%
Spdr Sp 500 Etf Tr	15.63% 1,425	$583,381,000	0.59%
Exxon Mobil Corp.	3.59% 5,253	$575,993,000	0.58%
Pimco Etf Tr	No change 5,000	$496,250,000	0.50%
Pepsico Inc	2.97% 2,681	$488,725,000	0.50%
Lockheed Martin Corp.	6.61% 1,018	$481,239,000	0.49%
Abbvie Inc	Opened 2,946	$469,544,000	0.48%
Enterprise Prods Partners L	Opened 17,402	$450,712,000	0.46%
Biogen Inc	Opened 1,555	$432,337,000	0.44%
Oracle Corp.	0.79% 4,438	$412,336,000	0.42%
Chevron Corp.	Opened 2,515	$410,401,000	0.42%
Broadcom Inc.	5.18% 623	$399,773,000	0.41%
Kraneshares Tr	11.71% 15,010	$389,660,000	0.40%
Zoom Video Communications In	7.94% 4,323	$319,210,000	0.32%
Vanguard Index Fds	95.17% 847	$318,466,000	0.32%
Unilever plc	No change 5,517	$286,498,000	0.29%
Verizon Communications Inc	Opened 6,925	$269,318,000	0.27%
Abrdn Gold Etf Trust	No change 14,000	$264,180,000	0.27%
Ishares Inc	Opened 8,973	$480,472,000	0.49%
Select Sector Spdr Tr	Opened 7,790	$250,449,000	0.25%
Tesla Inc	42.93% 1,194	$247,707,000	0.25%
NextEra Energy Inc	10.42% 3,147	$242,544,000	0.25%
Johnson Johnson	27.70% 1,391	$215,605,000	0.22%
Costco Whsl Corp New	Opened 424	$210,767,000	0.21%
Global X Fds	No change 10,050	$209,241,000	0.21%
J P Morgan Exchange Traded F	97.59% 4,151	$208,866,000	0.21%
Vanguard Scottsdale Fds	No change 3,510	$205,475,000	0.21%
Freeport-McMoRan Inc	Opened 5,000	$204,550,000	0.21%
Global X Fds	Opened 11,113	$190,583,000	0.19%
Nuveen Quality Muncp Income	No change 15,967	$184,100,000	0.19%
Brainstorm Cell Therapeutics, Inc.	No change 44,000	$145,200,000	0.15%
Ishares Tr	Closed 373,659	$30,095,000
Direxion Shs Etf Tr	Closed 179,238	$5,295,000
Lilly Eli Co	Closed 5,134	$1,660,000
Spdr Gold Tr	Closed 8,255	$1,277,000
Astrazeneca plc	Closed 13,651	$749,000
Unitedhealth Group Inc	Closed 1,305	$659,000
Progressive Corp.	Closed 4,749	$552,000
M T Bk Corp	Closed 2,911	$513,000
Hess Corporation	Closed 4,560	$497,000
Albemarle Corp.	Closed 1,801	$476,000
Diamondback Energy Inc	Closed 3,545	$427,000
Constellation Brands, Inc.	Closed 1,279	$294,000
Roku Inc	Closed 4,627	$261,000
Keysight Technologies Inc	Closed 1,642	$258,000
T-Mobile US, Inc.	Closed 1,905	$256,000
Howmet Aerospace Inc.	Closed 7,804	$241,000
Qualcomm, Inc.	Closed 2,058	$233,000
Automatic Data Processing In	Closed 915	$207,000
Schwab Strategic Tr	Closed 9,228	$207,000
Prudential Finl Inc	Closed 2,342	$201,000
No transactions found
Showing first 500 out of 77 holdings