Agate Pass Investment Management 13F annual report
Agate Pass Investment Management is an investment fund managing more than $131 million ran by Brad Aken. There are currently 77 companies in Mr. Aken’s portfolio. The largest investments include Abbvie Inc and Abbott Labs, together worth $13.6 million.
$131 million Assets Under Management (AUM)
As of 7th October 2022, Agate Pass Investment Management’s top holding is 52,327 shares of Abbvie Inc currently worth over $7.02 million and making up 5.4% of the portfolio value.
Relative to the number of outstanding shares of Abbvie Inc, Agate Pass Investment Management owns more than approximately 0.1% of the company.
In addition, the fund holds 67,746 shares of Abbott Labs worth $6.56 million.
The third-largest holding is Apple Inc worth $6.16 million and the next is Ishares Tr worth $12.8 million, with 229,105 shares owned.
Currently, Agate Pass Investment Management's portfolio is worth at least $131 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 Agate Pass Investment Management
The Agate Pass Investment Management office and employees reside in Bainbridge Island, Washington. According to the last 13-F report filed with the SEC, Brad Aken serves as the Chief Compliance Officer at Agate Pass Investment Management.
Recent trades
In the most recent 13F filing, Agate Pass Investment Management revealed that it had opened a new position in
Alphabet Inc and bought 7,800 shares worth $750 thousand.
This means they effectively own approximately 0.1% of the company.
Alphabet Inc makes up
5.7%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Abbvie Inc by buying
8 additional shares.
This makes their stake in Abbvie Inc total 52,327 shares worth $7.02 million.
Abbvie Inc soared 31.2% in the past year.
On the other hand, there are companies that Agate Pass Investment Management is getting rid of from its portfolio.
Agate Pass Investment Management closed its position in Cerner on 14th October 2022.
It sold the previously owned 19,295 shares for $1.81 million.
Brad Aken also disclosed a decreased stake in Ishares Tr by approximately 0.1%.
This leaves the value of the investment at $12.8 million and 229,105 shares.
One of the smallest hedge funds
The two most similar investment funds to Agate Pass Investment Management are Dryden Capital and Zenyatta Capital Management L.P.. They manage $131 million and $131 million respectively.
Brad Aken investment strategy
Agate Pass Investment Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Health Care — making up 10.4% of
the total portfolio value.
The fund focuses on investments in the United States as
50.6% 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
52% 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 $226 billion.
The complete list of Agate Pass Investment Management trades based on 13F SEC filings
These positions were updated on October 14th 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 |
|---|---|---|---|
| Abbvie Inc |
0.02%
52,327
|
$7,023,000 | 5.36% |
| Abbott Labs |
0.98%
67,746
|
$6,555,000 | 5.00% |
| Apple Inc |
2.10%
44,542
|
$6,156,000 | 4.70% |
| Ishares Tr |
3.29%
229,105
|
$12,811,000 | 9.78% |
| Vanguard Index Fds |
0.40%
43,353
|
$7,687,000 | 5.87% |
| Microsoft Corporation |
8.86%
22,380
|
$5,212,000 | 3.98% |
| Vanguard Intl Equity Index F |
12.75%
108,580
|
$4,817,000 | 3.68% |
| Alphabet Inc |
1,650.04%
41,511
|
$3,971,000 | 3.03% |
| Vanguard Scottsdale Fds |
23.65%
65,819
|
$4,916,000 | 3.75% |
| Danaher Corp. |
5.15%
12,921
|
$3,337,000 | 2.55% |
| Schwab Strategic Tr |
7.26%
44,455
|
$2,953,000 | 2.25% |
| Johnson Johnson |
2.28%
17,998
|
$2,940,000 | 2.24% |
| Automatic Data Processing In |
0.27%
11,331
|
$2,563,000 | 1.96% |
| Pepsico Inc |
1.00%
14,592
|
$2,382,000 | 1.82% |
| Fiserv, Inc. |
13.51%
25,366
|
$2,373,000 | 1.81% |
| Lowes Cos Inc |
0.60%
12,373
|
$2,324,000 | 1.77% |
| Genuine Parts Co. |
2.97%
15,220
|
$2,273,000 | 1.73% |
| Hubbell Inc. |
0.74%
10,040
|
$2,239,000 | 1.71% |
| Fleetcor Technologies Inc |
3.49%
11,258
|
$1,983,000 | 1.51% |
| Jpmorgan Chase Co |
0.01%
18,555
|
$1,939,000 | 1.48% |
| Mastercard Incorporated |
3.06%
6,509
|
$1,851,000 | 1.41% |
| Cerner Corp. |
Closed
19,295
|
$1,805,000 | |
| Berkley W R Corp |
2.71%
27,251
|
$1,760,000 | 1.34% |
| Leggett Platt Inc |
1.73%
51,854
|
$1,723,000 | 1.31% |
| Us Bancorp Del |
5.36%
40,017
|
$1,613,000 | 1.23% |
| Prologis Inc |
Closed
9,965
|
$1,609,000 | |
| Cisco Sys Inc |
38.17%
39,551
|
$1,582,000 | 1.21% |
| Spdr Sp 500 Etf Tr |
0.81%
4,230
|
$1,511,000 | 1.15% |
| Enbridge Inc |
0.35%
40,006
|
$1,484,000 | 1.13% |
| Exxon Mobil Corp. |
4.94%
16,099
|
$1,406,000 | 1.07% |
| Sysco Corp. |
5.30%
19,701
|
$1,393,000 | 1.06% |
| Aflac Inc. |
1.21%
24,580
|
$1,381,000 | 1.05% |
| Medtronic Plc |
12.80%
14,524
|
$1,173,000 | 0.90% |
| AMGEN Inc. |
0.83%
5,197
|
$1,171,000 | 0.89% |
| Costco Whsl Corp New |
6.50%
2,431
|
$1,148,000 | 0.88% |
| Air Prods Chems Inc |
32.13%
4,922
|
$1,145,000 | 0.87% |
| Raytheon Technologies Corporation |
0.11%
13,804
|
$1,130,000 | 0.86% |
| Disney Walt Co |
3.83%
11,176
|
$1,054,000 | 0.80% |
| Texas Instrs Inc |
37.86%
6,700
|
$1,037,000 | 0.79% |
| Spdr Ser Tr |
8.70%
9,109
|
$1,016,000 | 0.78% |
| Procter And Gamble Co |
11.72%
8,005
|
$1,011,000 | 0.77% |
| Visa Inc |
7.95%
4,727
|
$840,000 | 0.64% |
| Carnival Corp. |
Closed
40,999
|
$829,000 | |
| Vanguard Mun Bd Fds |
74.20%
16,068
|
$774,000 | 0.59% |
| Medifast Inc |
2.60%
7,055
|
$764,000 | 0.58% |
| Novo-nordisk A S |
1.92%
7,668
|
$764,000 | 0.58% |
| Alphabet Inc |
Opened
7,800
|
$750,000 | 0.57% |
| Woodward Inc |
8.39%
9,330
|
$749,000 | 0.57% |
| Duke Energy Corp. |
2.15%
7,946
|
$739,000 | 0.56% |
| Oracle Corp. |
7.88%
11,184
|
$683,000 | 0.52% |
| Copart, Inc. |
No change
6,231
|
$663,000 | 0.51% |
| V F Corp |
Opened
20,942
|
$626,000 | 0.48% |
| Fortive Corp |
30.57%
10,609
|
$619,000 | 0.47% |
| Chevron Corp. |
2.32%
4,205
|
$604,000 | 0.46% |
| Select Sector Spdr Tr |
17.01%
12,786
|
$1,151,000 | 0.88% |
| Linde Plc |
0.25%
1,984
|
$535,000 | 0.41% |
| Amazon.com Inc. |
3,484.62%
4,660
|
$527,000 | 0.40% |
| Berkshire Hathaway Inc. |
No change
1,951
|
$521,000 | 0.40% |
| Vanguard Specialized Funds |
5.07%
3,588
|
$485,000 | 0.37% |
| Hess Corporation |
4.34%
4,405
|
$480,000 | 0.37% |
| Nike, Inc. |
13.48%
5,699
|
$474,000 | 0.36% |
| American Express Co. |
No change
3,515
|
$474,000 | 0.36% |
| Raymond James Finl Inc |
4.18%
4,329
|
$428,000 | 0.33% |
| American Tower Corp. |
No change
1,943
|
$417,000 | 0.32% |
| Conocophillips |
4.70%
4,056
|
$415,000 | 0.32% |
| Parker-Hannifin Corp. |
87.19%
1,651
|
$400,000 | 0.31% |
| Sonoco Prods Co |
15.35%
6,923
|
$393,000 | 0.30% |
| Applied Matls Inc |
119.95%
4,630
|
$379,000 | 0.29% |
| Intel Corp. |
66.00%
14,408
|
$371,000 | 0.28% |
| Starbucks Corp. |
1.84%
4,006
|
$338,000 | 0.26% |
| Bristol-Myers Squibb Co. |
No change
4,724
|
$336,000 | 0.26% |
| Vanguard Whitehall Fds |
12.71%
3,228
|
$306,000 | 0.23% |
| Wells Fargo Co New |
14.63%
7,550
|
$304,000 | 0.23% |
| CVS Health Corp |
2.22%
2,999
|
$286,000 | 0.22% |
| Mcdonalds Corp |
12.61%
1,234
|
$285,000 | 0.22% |
| Resmed Inc. |
No change
1,216
|
$265,000 | 0.20% |
| Att Inc |
Closed
11,065
|
$261,000 | |
| Sherwin-Williams Co. |
12.06%
1,152
|
$236,000 | 0.18% |
| Rbb Fd Inc |
4.79%
10,089
|
$224,000 | 0.17% |
| Select Sector Spdr Tr |
Closed
5,838
|
$224,000 | |
| Ishares Tr |
Closed
2,018
|
$218,000 | |
| Ball Corp. |
1.72%
4,278
|
$207,000 | 0.16% |
| Crown Holdings, Inc. |
0.49%
2,469
|
$200,000 | 0.15% |
| No transactions found | |||
| Showing first 500 out of 83 holdings | |||
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