Capital Planning 13F annual report
Capital Planning is an investment fund managing more than $307 billion ran by Michael Miller. There are currently 81 companies in Mr. Miller’s portfolio. The largest investments include Ishares Core Sp 500 Etf and Schwab Us Large-cap Growth Etf, together worth $63.5 billion.
$307 billion Assets Under Management (AUM)
As of 5th April 2024, Capital Planning’s top holding is 69,769 shares of Ishares Core Sp 500 Etf currently worth over $36.7 billion and making up 12.0% of the portfolio value.
In addition, the fund holds 289,005 shares of Schwab Us Large-cap Growth Etf worth $26.8 billion.
The third-largest holding is Microsoft worth $22.9 billion and the next is Ishares Core Dividend Growth Etf worth $19.7 billion, with 339,195 shares owned.
Currently, Capital Planning's portfolio is worth at least $307 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 Capital Planning
The Capital Planning office and employees reside in Bellevue, Washington. According to the last 13-F report filed with the SEC, Michael Miller serves as the Chief Compliance Officer at Capital Planning.
Recent trades
In the most recent 13F filing, Capital Planning revealed that it had opened a new position in
Vanguard Small-cap Growth Etf and bought 3,597 shares worth $938 million.
The investment fund also strengthened its position in Ishares Core Sp 500 Etf by buying
15,096 additional shares.
This makes their stake in Ishares Core Sp 500 Etf total 69,769 shares worth $36.7 billion.
On the other hand, there are companies that Capital Planning is getting rid of from its portfolio.
Capital Planning closed its position in Schwab Short-term Us Treasury Etf on 12th April 2024.
It sold the previously owned 26,425 shares for $1.27 billion.
Michael Miller also disclosed a decreased stake in Microsoft by 0.1%.
This leaves the value of the investment at $22.9 billion and 54,416 shares.
One of the smaller hedge funds
The two most similar investment funds to Capital Planning are Hall Kathryn A and Winthrop Capital Management. They manage $307 billion and $306 billion respectively.
Michael Miller investment strategy
Capital Planning’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Industrials — making up 10.7% of
the total portfolio value.
The fund focuses on investments in the United States as
29.6% 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
27% of the total holdings value.
On the other hand, small-cap stocks make up only 4.9% of the portfolio.
The average market cap of the portfolio companies is close to $226 billion.
The complete list of Capital Planning trades based on 13F SEC filings
These positions were updated on April 12th 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 |
|---|---|---|---|
| Ishares Core Sp 500 Etf |
27.61%
69,769
|
$36,679,710,000 | 11.97% |
| Schwab Us Large-cap Growth Etf |
3.27%
289,005
|
$26,796,569,000 | 8.74% |
| Microsoft Corporation |
14.30%
54,416
|
$22,893,830,000 | 7.47% |
| Ishares Core Dividend Growth Etf |
16.32%
339,195
|
$19,693,601,000 | 6.42% |
| Quanta Services, Inc. |
0.17%
62,475
|
$16,231,005,000 | 5.29% |
| Boeing Co. |
30.81%
60,799
|
$11,733,618,000 | 3.83% |
| Vanguard Mid-cap Etf |
21.85%
46,200
|
$11,543,619,000 | 3.77% |
| Vanguard Information Technology Etf |
3.51%
21,027
|
$11,025,503,000 | 3.60% |
| Vanguard Mega Cap Value Etf |
18.76%
86,739
|
$10,366,178,000 | 3.38% |
| Vanguard Small-cap Etf |
18.01%
43,993
|
$10,056,285,000 | 3.28% |
| Ishares Msci Usa Min Vol Factor Etf |
25.24%
115,202
|
$9,628,565,000 | 3.14% |
| Vanguard Mega Cap Growth Etf |
14.61%
29,519
|
$8,460,441,000 | 2.76% |
| Schwab Us Large-cap Value Etf |
0.17%
109,892
|
$8,349,594,000 | 2.72% |
| Ishares Msci Usa Momentum Factor Etf |
4.35%
34,794
|
$6,518,656,000 | 2.13% |
| Technology Select Sector Spdr Etf |
7.39%
29,865
|
$6,219,993,000 | 2.03% |
| Vanguard Large-cap Etf |
27.88%
25,570
|
$6,130,764,000 | 2.00% |
| First Trust Tcwopportunistic Fxd Inc Etf |
22.04%
138,782
|
$6,050,895,000 | 1.97% |
| Ishares Core Sp Total Us Stock Mkt Etf |
66.42%
47,725
|
$5,502,726,000 | 1.80% |
| Capital Group Municipal Inc Etf |
2.54%
201,242
|
$5,449,915,000 | 1.78% |
| Jpmorgan Core Plus Bond Etf |
26.11%
103,919
|
$4,847,302,000 | 1.58% |
| iShares Core Total USD Bond Market ETF |
4.88%
90,333
|
$4,118,281,000 | 1.34% |
| Apple Inc |
14.60%
23,866
|
$4,092,464,000 | 1.33% |
| Vanguard Growth Etf |
69.59%
10,062
|
$3,463,340,000 | 1.13% |
| Invesco QQQ Trust |
70.94%
5,745
|
$2,554,045,000 | 0.83% |
| FTI Consulting Inc. |
1.48%
12,043
|
$2,532,522,000 | 0.83% |
| Costco Wholesale Corp |
14.55%
2,976
|
$2,180,661,000 | 0.71% |
| Fidelity Msci Information Tech Etf |
73.66%
13,681
|
$2,132,047,000 | 0.70% |
| Vanguard Dividend Appreciation Etf |
55.06%
11,296
|
$2,062,841,000 | 0.67% |
| Ishares Core Sp Small-cap Etf |
37.38%
18,635
|
$2,059,540,000 | 0.67% |
| Fidelity Total Bond Etf |
0.00%
45,113
|
$2,051,736,000 | 0.67% |
| Capital Group Core Plus Incm Etf |
8.28%
89,579
|
$2,020,296,000 | 0.66% |
| Capital Group Growth Etf |
3.41%
62,603
|
$2,002,676,000 | 0.65% |
| Oracle Corp. |
No change
15,602
|
$1,959,767,000 | 0.64% |
| Capital Group Intrtnl Foc Eqy Etf |
5.07%
70,014
|
$1,804,961,000 | 0.59% |
| Schwab Us Mid-cap Etf |
68.26%
20,750
|
$1,689,673,000 | 0.55% |
| Schwab Us Large-cap Etf |
77.13%
26,360
|
$1,635,912,000 | 0.53% |
| Capital Group Dividend Value Etf |
3.39%
41,943
|
$1,367,317,000 | 0.45% |
| Schwab Short-term Us Treasury Etf |
Closed
26,425
|
$1,269,986,000 | |
| Waste Management, Inc. |
No change
5,800
|
$1,236,270,000 | 0.40% |
| Ishares Core Msci Eafe Etf |
49.72%
14,986
|
$1,112,261,000 | 0.36% |
| Abbvie Inc |
18.14%
6,084
|
$1,107,896,000 | 0.36% |
| Core Alternative Etf |
23.14%
38,768
|
$1,026,232,000 | 0.33% |
| Schwab Us Dividend Equity Etf |
76.05%
12,443
|
$1,003,279,000 | 0.33% |
| Abbott Laboratories |
11.84%
8,523
|
$968,724,000 | 0.32% |
| Vanguard Small-cap Growth Etf |
Opened
3,597
|
$937,810,000 | 0.31% |
| Dimensional Us Small Cap Valu Etf |
Opened
30,184
|
$908,538,000 | 0.30% |
| Dimensional Wld Ex Us Cr Eq 2 Etf |
Opened
34,682
|
$882,310,000 | 0.29% |
| Schwab International Equity Etf |
83.71%
19,599
|
$764,753,000 | 0.25% |
| Starbucks Corp. |
19.45%
8,205
|
$749,866,000 | 0.24% |
| Capital Group U S Multi Sec Etf |
7.31%
25,045
|
$680,404,000 | 0.22% |
| Vanguard Extended Market Etf |
Closed
4,285
|
$639,868,000 | |
| Berkshire Hathaway Inc B |
No change
1,500
|
$630,780,000 | 0.21% |
| Vanguard Total Stock Market Etf |
14.22%
1,991
|
$517,461,000 | 0.17% |
| Paccar Inc. |
No change
4,169
|
$516,507,000 | 0.17% |
| Vanguard Russell 1000 Growth Etf |
0.02%
5,480
|
$474,977,000 | 0.15% |
| Vanguard Mega Cap Etf |
No change
2,506
|
$468,296,000 | 0.15% |
| Broadcom Inc. |
Opened
350
|
$465,731,000 | 0.15% |
| Capital Group Global Grwt Eqy Etf |
1.07%
15,541
|
$447,573,000 | 0.15% |
| Ishares Core Sp Mid-cap Etf |
325.25%
7,140
|
$433,684,000 | 0.14% |
| Schwab Emerging Markets Equity Etf |
Opened
16,803
|
$424,276,000 | 0.14% |
| Toews Agility Shs Managed Rsk Etf |
33.85%
13,446
|
$415,460,000 | 0.14% |
| Alphabet Inc A |
Opened
2,730
|
$412,039,000 | 0.13% |
| Leatherback Lng Shrt Altern Yld Etf |
33.66%
14,672
|
$396,897,000 | 0.13% |
| Invesco Fundamental Hi Yld Corp Bd Etf |
70.39%
21,860
|
$396,322,000 | 0.13% |
| General Dynamics Corp. |
Opened
1,400
|
$395,486,000 | 0.13% |
| Kimberly-Clark Corp. |
No change
2,780
|
$362,985,000 | 0.12% |
| Jpmorgan Chase Co |
0.86%
1,730
|
$346,519,000 | 0.11% |
| HP Inc |
No change
11,164
|
$340,453,000 | 0.11% |
| Ishares Jp Morgan Usd Em Mkts Bd Etf |
Closed
3,659
|
$316,650,000 | |
| Pimco Investment Grade Corporate Bd Etf |
Closed
3,285
|
$311,582,000 | |
| Amazon.com Inc. |
Opened
1,694
|
$305,564,000 | 0.10% |
| Agilent Technologies Inc. |
No change
2,029
|
$295,240,000 | 0.10% |
| Stryker Corp. |
Opened
800
|
$286,936,000 | 0.09% |
| JPMorgan Equity Premium Income |
No change
4,680
|
$270,785,000 | 0.09% |
| Keysight Technologies Inc |
Opened
1,714
|
$268,035,000 | 0.09% |
| Vanguard Ftse Emerging Markets Etf |
6.86%
6,366
|
$265,908,000 | 0.09% |
| Schwab Us Small-cap Etf |
Opened
5,347
|
$263,286,000 | 0.09% |
| Vanguard Ftse Developed Markets Etf |
28.60%
5,239
|
$262,841,000 | 0.09% |
| Eli Lilly And Co |
Opened
337
|
$262,173,000 | 0.09% |
| IQVIA Holdings Inc |
Opened
1,000
|
$252,890,000 | 0.08% |
| Home Depot, Inc. |
Closed
774
|
$240,408,000 | |
| Global X Sp 500 Catholic Values Etf |
0.83%
3,689
|
$234,768,000 | 0.08% |
| Invesco Sp Midcap Momentum Etf |
62.27%
2,007
|
$230,524,000 | 0.08% |
| Philip Morris International Inc |
Opened
2,400
|
$223,008,000 | 0.07% |
| Exxon Mobil Corp. |
Closed
1,990
|
$213,428,000 | |
| NVIDIA Corp |
Opened
227
|
$205,108,000 | 0.07% |
| Hewlett Packard Enterprise Co |
Opened
11,164
|
$199,389,000 | 0.07% |
| No transactions found | |||
| Showing first 500 out of 87 holdings | |||
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