Waterfront Wealth 13F annual report
Waterfront Wealth is an investment fund managing more than $368 billion ran by Roger Ratzlaff. There are currently 197 companies in Mr. Ratzlaff’s portfolio. The largest investments include Berkshire Hathaway and Apple Inc, together worth $23 billion.
$368 billion Assets Under Management (AUM)
As of 25th July 2024, Waterfront Wealth’s top holding is 31,710 shares of Berkshire Hathaway currently worth over $12.9 billion and making up 3.5% of the portfolio value.
Relative to the number of outstanding shares of Berkshire Hathaway, Waterfront Wealth owns more than approximately 0.1% of the company.
In addition, the fund holds 48,032 shares of Apple Inc worth $10.1 billion, whose value grew 17.1% in the past six months.
The third-largest holding is Dimensional Etf Trust worth $37.2 billion and the next is Adams Diversified Equity Fd worth $8.31 billion, with 386,572 shares owned.
Currently, Waterfront Wealth's portfolio is worth at least $368 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 Waterfront Wealth
The Waterfront Wealth office and employees reside in Overland Park, Kansas. According to the last 13-F report filed with the SEC, Roger Ratzlaff serves as the Chief Compliance Officer at Waterfront Wealth.
Recent trades
In the most recent 13F filing, Waterfront Wealth revealed that it had opened a new position in
Qiagen NV and bought 22,025 shares worth $905 million.
This means they effectively own approximately 0.1% of the company.
Qiagen NV makes up
7.4%
of the fund's Health Care sector allocation and has decreased its share price by 5.0% in the past year.
The investment fund also strengthened its position in Apple Inc by buying
8,046 additional shares.
This makes their stake in Apple Inc total 48,032 shares worth $10.1 billion.
Apple Inc soared 11.9% in the past year.
On the other hand, there are companies that Waterfront Wealth is getting rid of from its portfolio.
Waterfront Wealth closed its position in Hilton Worldwide Inc on 1st August 2024.
It sold the previously owned 4,472 shares for $910 million.
Roger Ratzlaff also disclosed a decreased stake in Berkshire Hathaway by approximately 0.1%.
This leaves the value of the investment at $12.9 billion and 31,710 shares.
One of the smaller hedge funds
The two most similar investment funds to Waterfront Wealth are Pathway Advisors and Bayberry Capital Partners L.P.. They manage $368 billion and $368 billion respectively.
Roger Ratzlaff investment strategy
Waterfront Wealth’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Finance — making up 11.0% of
the total portfolio value.
The fund focuses on investments in the United States as
44.7% 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
43% of the total holdings value.
On the other hand, small-cap stocks make up only 2.0% of the portfolio.
The average market cap of the portfolio companies is close to $140 billion.
The complete list of Waterfront Wealth trades based on 13F SEC filings
These positions were updated on August 1st 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 |
|---|---|---|---|
| Berkshire Hathaway Inc. |
0.80%
31,710
|
$12,899,628,000 | 3.50% |
| Apple Inc |
20.12%
48,032
|
$10,116,444,000 | 2.75% |
| Dimensional Etf Trust |
1.62%
1,175,910
|
$37,158,783,000 | 10.09% |
| Adams Diversified Equity Fd |
1.69%
386,572
|
$8,307,429,000 | 2.26% |
| Commerce Bancshares, Inc. |
1.22%
140,026
|
$7,810,629,000 | 2.12% |
| Jefferies Finl Group Inc |
0.68%
149,772
|
$7,452,646,000 | 2.02% |
| Blackrock Enhanced Intl Div |
2.84%
1,290,266
|
$7,199,682,000 | 1.96% |
| Abrdn Total Dynamic Dividend |
2.77%
825,484
|
$6,942,322,000 | 1.89% |
| Microsoft Corporation |
1.98%
14,616
|
$6,532,544,000 | 1.77% |
| Proshares Tr |
6.93%
98,894
|
$6,134,401,000 | 1.67% |
| United Parcel Service, Inc. |
0.04%
41,685
|
$5,704,525,000 | 1.55% |
| Vanguard Index Fds |
13.11%
21,240
|
$7,847,025,000 | 2.13% |
| Ishares Tr |
9.25%
286,968
|
$12,001,920,000 | 3.26% |
| Alphabet Inc |
1.07%
32,060
|
$5,843,950,000 | 1.59% |
| Kkr Co Inc |
9.23%
47,190
|
$4,966,229,000 | 1.35% |
| Blackrock Enhanced Equity Di |
2.92%
553,566
|
$4,522,637,000 | 1.23% |
| Royce Small Cap Trust Inc. |
2.84%
275,349
|
$3,984,303,000 | 1.08% |
| American Centy Etf Tr |
6.69%
214,156
|
$14,978,876,000 | 4.07% |
| Blackrock Ltd Duration Incom |
0.33%
266,325
|
$3,717,896,000 | 1.01% |
| Spdr Sp 500 Etf Tr |
No change
6,664
|
$3,626,726,000 | 0.99% |
| Macys Inc |
1.58%
174,673
|
$3,353,727,000 | 0.91% |
| First Tr Exchange-traded Fd |
1.96%
90,724
|
$6,151,494,000 | 1.67% |
| Brookfield Corp |
0.86%
75,754
|
$3,146,812,000 | 0.85% |
| Templeton Emerging Mkts Inco |
2.61%
580,617
|
$3,094,691,000 | 0.84% |
| Nokia Corp |
10.28%
761,780
|
$2,879,529,000 | 0.78% |
| Suzano S.A. |
23.16%
278,290
|
$2,858,038,000 | 0.78% |
| Embraer S.A. |
1.34%
110,127
|
$2,841,277,000 | 0.77% |
| Wisdomtree Tr |
1.73%
104,741
|
$5,330,249,000 | 1.45% |
| Xperi Inc |
46.61%
325,065
|
$2,668,784,000 | 0.72% |
| Amazon.com Inc. |
2.04%
13,634
|
$2,634,771,000 | 0.72% |
| Union Pac Corp |
0.83%
11,499
|
$2,601,785,000 | 0.71% |
| Schwab Strategic Tr |
5.26%
199,320
|
$8,861,002,000 | 2.41% |
| Canadian Solar Inc |
0.02%
167,821
|
$2,475,360,000 | 0.67% |
| Blackrock Mun Target Term Tr |
2.42%
113,360
|
$2,354,477,000 | 0.64% |
| Criteo S.A |
1.19%
58,280
|
$2,198,322,000 | 0.60% |
| Hewlett Packard Enterprise C |
11.29%
102,941
|
$2,179,254,000 | 0.59% |
| Vanguard Intl Equity Index F |
3.58%
49,473
|
$2,164,924,000 | 0.59% |
| Viatris Inc. |
10.86%
190,632
|
$2,026,420,000 | 0.55% |
| Intel Corp. |
16.64%
63,356
|
$1,962,132,000 | 0.53% |
| Jpmorgan Chase Co. |
1.83%
9,071
|
$1,834,770,000 | 0.50% |
| Vodafone Group plc |
2.67%
206,364
|
$1,830,446,000 | 0.50% |
| Canadian Pacific Kansas City |
4.05%
22,499
|
$1,771,323,000 | 0.48% |
| Citigroup Inc |
2.58%
27,521
|
$1,746,497,000 | 0.47% |
| PayPal Holdings Inc |
1.23%
29,953
|
$1,738,173,000 | 0.47% |
| Unum Group |
12.06%
33,984
|
$1,736,924,000 | 0.47% |
| Blackrock Cr Allocation Inco |
4.82%
160,433
|
$1,718,235,000 | 0.47% |
| Telefonica Brasil Sa |
134.62%
203,837
|
$1,673,500,000 | 0.45% |
| Hanesbrands Inc |
16.64%
339,222
|
$1,672,364,000 | 0.45% |
| Ally Finl Inc |
2.39%
41,499
|
$1,646,268,000 | 0.45% |
| Sanofi |
1.78%
33,491
|
$1,624,966,000 | 0.44% |
| Kyndryl Hldgs Inc |
17.78%
61,469
|
$1,617,248,000 | 0.44% |
| Fidelity Merrimack Str Tr |
40.73%
35,994
|
$1,617,193,000 | 0.44% |
| Orange. |
1.68%
158,385
|
$1,582,264,000 | 0.43% |
| General Mtrs Co |
35.35%
33,169
|
$1,541,054,000 | 0.42% |
| Pimco Etf Tr |
15.87%
16,748
|
$1,525,390,000 | 0.41% |
| Daqo New Energy Corp |
11.24%
103,893
|
$1,516,838,000 | 0.41% |
| Terex Corp. |
19.52%
26,799
|
$1,469,656,000 | 0.40% |
| Morgan Stanley |
1.25%
15,090
|
$1,466,565,000 | 0.40% |
| Baidu Inc |
3.39%
16,845
|
$1,456,756,000 | 0.40% |
| Alibaba Group Hldg Ltd |
3.23%
19,348
|
$1,393,076,000 | 0.38% |
| Harmonic, Inc. |
2.56%
117,918
|
$1,387,895,000 | 0.38% |
| Blackstone Inc |
No change
11,100
|
$1,374,180,000 | 0.37% |
| Mcdonalds Corp |
161.17%
5,333
|
$1,359,097,000 | 0.37% |
| Bunge Global SA |
23.67%
12,503
|
$1,334,898,000 | 0.36% |
| Intercontinental Exchange In |
2.67%
9,646
|
$1,320,470,000 | 0.36% |
| Abbvie Inc |
2.09%
7,671
|
$1,315,649,000 | 0.36% |
| Constellation Brands Inc |
2.43%
5,095
|
$1,310,934,000 | 0.36% |
| Blackrock Floating Rate Inc |
1.14%
102,705
|
$1,310,520,000 | 0.36% |
| Zimmer Biomet Holdings Inc |
8.62%
12,053
|
$1,308,100,000 | 0.36% |
| Netflix Inc. |
0.73%
1,934
|
$1,305,218,000 | 0.35% |
| First Tr Exchange Trad Fd Vi |
25.77%
54,540
|
$1,304,051,000 | 0.35% |
| Philip Morris International Inc |
2.34%
12,526
|
$1,269,244,000 | 0.34% |
| Exxon Mobil Corp. |
22.66%
10,868
|
$1,251,174,000 | 0.34% |
| Merck Co Inc |
8.70%
10,063
|
$1,245,799,000 | 0.34% |
| Emerson Elec Co |
2.37%
11,244
|
$1,238,613,000 | 0.34% |
| Blackrock Inc. |
No change
1,553
|
$1,222,708,000 | 0.33% |
| Microchip Technology, Inc. |
2.79%
12,838
|
$1,174,634,000 | 0.32% |
| Coca-Cola Co |
1.97%
18,292
|
$1,164,255,000 | 0.32% |
| Cisco Sys Inc |
28.41%
24,397
|
$1,159,088,000 | 0.31% |
| Banco Santander S.A. |
0.02%
243,816
|
$1,128,867,000 | 0.31% |
| EA Series Trust |
No change
55,203
|
$1,124,612,000 | 0.31% |
| Schlumberger Ltd. |
75.14%
23,653
|
$1,115,928,000 | 0.30% |
| Lowes Cos Inc |
37.82%
4,971
|
$1,095,944,000 | 0.30% |
| Nasdaq Inc |
25.87%
17,836
|
$1,074,821,000 | 0.29% |
| Enterprise Prods Partners L |
1.37%
36,699
|
$1,063,549,000 | 0.29% |
| Impinj Inc |
30.10%
6,781
|
$1,063,057,000 | 0.29% |
| Las Vegas Sands Corp |
5.65%
23,987
|
$1,061,411,000 | 0.29% |
| Carlyle Group Inc (The) |
5.06%
26,265
|
$1,054,540,000 | 0.29% |
| Unitedhealth Group Inc |
0.64%
2,046
|
$1,042,001,000 | 0.28% |
| Canadian Nat Res Ltd |
114.17%
29,166
|
$1,038,322,000 | 0.28% |
| Hershey Company |
22.43%
5,545
|
$1,019,263,000 | 0.28% |
| Tractor Supply Co. |
2.12%
3,765
|
$1,016,609,000 | 0.28% |
| Autodesk Inc. |
2.01%
4,070
|
$1,007,122,000 | 0.27% |
| Jazz Pharmaceuticals plc |
2.51%
9,411
|
$1,004,436,000 | 0.27% |
| IPG Photonics Corp |
30.83%
11,844
|
$999,515,000 | 0.27% |
| Ingersoll Rand Inc. |
2.42%
10,989
|
$998,222,000 | 0.27% |
| Bristol-Myers Squibb Co. |
18.46%
24,021
|
$997,592,000 | 0.27% |
| Electronic Arts, Inc. |
2.35%
7,139
|
$994,656,000 | 0.27% |
| RTX Corp |
9.68%
9,855
|
$989,307,000 | 0.27% |
| Thermo Fisher Scientific Inc. |
2.21%
1,757
|
$971,639,000 | 0.26% |
| Restaurant Brands International Inc |
11.75%
13,624
|
$958,688,000 | 0.26% |
| The Southern Co. |
0.62%
12,191
|
$945,661,000 | 0.26% |
| Agnc Invt Corp |
25.83%
98,520
|
$939,881,000 | 0.26% |
| Verisign Inc. |
59.93%
5,276
|
$938,073,000 | 0.25% |
| Visa Inc |
1.38%
3,512
|
$921,795,000 | 0.25% |
| Hilton Worldwide Holdings Inc |
Closed
4,472
|
$909,847,000 | |
| Qiagen NV |
Opened
22,025
|
$905,007,000 | 0.25% |
| Dominion Energy Inc |
2.37%
18,419
|
$902,552,000 | 0.25% |
| Kraft Heinz Co |
Closed
23,410
|
$895,203,000 | |
| Deutsche Bank A G |
6.48%
56,030
|
$893,122,000 | 0.24% |
| Garmin Ltd |
6.30%
5,459
|
$889,380,000 | 0.24% |
| Walmart Inc |
0.11%
13,064
|
$884,549,000 | 0.24% |
| First Merchants Corp. |
1.10%
26,433
|
$879,971,000 | 0.24% |
| Sherwin-Williams Co. |
17.14%
2,945
|
$878,964,000 | 0.24% |
| PagSeguro Digital Ltd |
330.88%
75,133
|
$878,305,000 | 0.24% |
| Chevron Corp. |
5.36%
5,613
|
$877,930,000 | 0.24% |
| Apollo Global Mgmt Inc |
No change
7,428
|
$877,024,000 | 0.24% |
| Mastercard Incorporated |
2.56%
1,939
|
$855,409,000 | 0.23% |
| Tesla Inc |
1.55%
4,268
|
$844,552,000 | 0.23% |
| 3M Co. |
Opened
8,193
|
$837,243,000 | 0.23% |
| Bank New York Mellon Corp |
0.27%
13,662
|
$818,212,000 | 0.22% |
| Crown Castle Inc |
13.71%
8,292
|
$810,168,000 | 0.22% |
| Cigna Group (The) |
3.05%
2,433
|
$804,121,000 | 0.22% |
| Hooker Furnishings Corporati |
23.33%
55,125
|
$798,209,000 | 0.22% |
| Nike, Inc. |
3.37%
10,447
|
$787,390,000 | 0.21% |
| Kroger Co. |
0.56%
15,502
|
$773,993,000 | 0.21% |
| Charles Riv Labs Intl Inc |
2.49%
3,711
|
$766,618,000 | 0.21% |
| Micron Technology Inc. |
51.37%
5,767
|
$758,504,000 | 0.21% |
| Aon plc. |
2.15%
2,571
|
$754,784,000 | 0.21% |
| Oracle Corp. |
0.17%
5,191
|
$733,021,000 | 0.20% |
| Brookfield Asset Managmt Ltd |
1.26%
19,070
|
$725,609,000 | 0.20% |
| Bank America Corp |
9.59%
18,182
|
$723,117,000 | 0.20% |
| Marvell Technology Inc |
31.61%
10,267
|
$717,654,000 | 0.19% |
| Energy Transfer L P |
1.24%
43,796
|
$710,364,000 | 0.19% |
| Mondelez International Inc. |
1.96%
10,167
|
$665,326,000 | 0.18% |
| Vanguard Tax-managed Fds |
32.29%
13,182
|
$651,460,000 | 0.18% |
| NVIDIA Corp |
530.81%
5,160
|
$637,466,000 | 0.17% |
| First Tr Exch Trd Alphdx Fd |
5.94%
11,090
|
$610,615,000 | 0.17% |
| Amarin Corp Plc |
63.73%
860,613
|
$592,101,000 | 0.16% |
| Sabra Health Care Reit Inc |
11.59%
38,090
|
$586,585,000 | 0.16% |
| Coursera, Inc. |
Opened
80,629
|
$577,304,000 | 0.16% |
| Oreilly Automotive Inc |
3.00%
518
|
$547,270,000 | 0.15% |
| Ameren Corp. |
No change
7,504
|
$533,609,000 | 0.14% |
| Pepsico Inc |
1.92%
3,119
|
$514,479,000 | 0.14% |
| Adeia Inc |
0.22%
44,898
|
$502,178,000 | 0.14% |
| Alliancebernstein Global Hig |
12.24%
47,467
|
$497,456,000 | 0.14% |
| Fresh Del Monte Produce Inc |
Opened
21,362
|
$466,760,000 | 0.13% |
| Blackrock Floating Rate Inco |
18.24%
33,186
|
$429,421,000 | 0.12% |
| Vitesse Energy Inc |
1.00%
16,908
|
$400,721,000 | 0.11% |
| International Business Machs |
14.81%
2,306
|
$398,828,000 | 0.11% |
| Dropbox Inc |
9.21%
17,272
|
$388,102,000 | 0.11% |
| Johnson Johnson |
0.72%
2,632
|
$384,675,000 | 0.10% |
| Blackrock Core Bd Tr |
2.91%
34,704
|
$369,602,000 | 0.10% |
| Qualcomm, Inc. |
0.05%
1,851
|
$368,678,000 | 0.10% |
| First Tr Value Line Divid In |
No change
8,986
|
$366,180,000 | 0.10% |
| Qcr Holdings Inc |
No change
6,074
|
$364,440,000 | 0.10% |
| Disney Walt Co |
22.94%
3,634
|
$360,829,000 | 0.10% |
| Goldman Sachs Group, Inc. |
No change
769
|
$347,834,000 | 0.09% |
| Tri Pointe Homes Inc. |
No change
8,968
|
$334,058,000 | 0.09% |
| Evergy Inc |
6.21%
6,041
|
$319,992,000 | 0.09% |
| Colgate-Palmolive Co. |
3.93%
3,296
|
$319,807,000 | 0.09% |
| Kellanova Co |
0.95%
5,515
|
$318,087,000 | 0.09% |
| CBRE Group Inc |
No change
3,475
|
$309,657,000 | 0.08% |
| Att Inc |
0.08%
16,120
|
$308,057,000 | 0.08% |
| Aflac Inc. |
No change
3,380
|
$301,868,000 | 0.08% |
| Starbucks Corp. |
0.68%
3,810
|
$296,609,000 | 0.08% |
| Verizon Communications Inc |
0.50%
7,180
|
$296,092,000 | 0.08% |
| GE Aerospace |
No change
1,854
|
$294,730,000 | 0.08% |
| Cummins Inc. |
No change
1,044
|
$289,121,000 | 0.08% |
| Procter And Gamble Co |
12.29%
1,727
|
$284,821,000 | 0.08% |
| Northrop Grumman Corp. |
No change
641
|
$279,444,000 | 0.08% |
| Progressive Corp. |
78.21%
1,337
|
$277,708,000 | 0.08% |
| First Tr Morningstar Divid L |
6.52%
7,165
|
$271,768,000 | 0.07% |
| First Tr Exchange Traded Fd |
Opened
30,440
|
$472,760,000 | 0.13% |
| Vanguard Whitehall Fds |
4.82%
2,272
|
$269,459,000 | 0.07% |
| Pfizer Inc. |
0.31%
9,408
|
$263,229,000 | 0.07% |
| Cheniere Energy Inc. |
No change
1,500
|
$262,245,000 | 0.07% |
| Honeywell International Inc |
No change
1,225
|
$261,587,000 | 0.07% |
| Conocophillips |
No change
2,276
|
$260,313,000 | 0.07% |
| Brookfield Renewable Partner |
6.69%
10,462
|
$259,144,000 | 0.07% |
| Chord Energy Corporation |
0.32%
1,543
|
$258,663,000 | 0.07% |
| Conduent Inc |
Closed
85,811
|
$255,717,000 | |
| Vanguard Index Fds |
Closed
1,175
|
$252,760,000 | |
| Home Depot, Inc. |
6.52%
731
|
$251,687,000 | 0.07% |
| Boeing Co. |
18.06%
1,366
|
$248,626,000 | 0.07% |
| Fastenal Co. |
Closed
3,561
|
$242,219,000 | |
| Spdr Ser Tr |
22.70%
2,554
|
$236,803,000 | 0.06% |
| Blackrock Health Sciences Tr |
23.76%
5,775
|
$235,909,000 | 0.06% |
| Vanguard Specialized Funds |
4.59%
1,290
|
$235,490,000 | 0.06% |
| Brunswick Corp. |
0.45%
3,138
|
$228,331,000 | 0.06% |
| Gabelli Divid Income Tr |
18.94%
9,415
|
$213,815,000 | 0.06% |
| CrossFirst Bankshares, Inc. |
No change
15,150
|
$212,403,000 | 0.06% |
| Meta Platforms Inc |
Opened
409
|
$206,226,000 | 0.06% |
| Agilent Technologies Inc. |
Closed
1,515
|
$204,767,000 | |
| Titan Machy Inc |
Opened
11,139
|
$177,110,000 | 0.05% |
| Ford Mtr Co Del |
17.34%
12,525
|
$157,063,000 | 0.04% |
| Nuveen Pfd Income Opportun |
9.09%
19,772
|
$147,697,000 | 0.04% |
| CuriosityStream Inc. |
No change
97,472
|
$111,118,000 | 0.03% |
| Eaton Vance Tax-managed Glob |
No change
12,758
|
$107,805,000 | 0.03% |
| Hudbay Minerals Inc. |
7.94%
11,591
|
$104,903,000 | 0.03% |
| Japan Smaller Capitalization |
13.33%
13,000
|
$98,540,000 | 0.03% |
| Seritage Growth Pptys |
60.22%
12,550
|
$58,609,000 | 0.02% |
| ASLAN Pharmaceuticals Ltd |
9.65%
22,722
|
$6,817,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 203 holdings | |||
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