Poplar Forest Capital 13F annual report
Poplar Forest Capital is an investment fund managing more than $716 billion ran by J. Harvey. There are currently 53 companies in Harvey’s portfolio. The largest investments include Equitable and United Therapeutics Corp, together worth $72.8 billion.
$716 billion Assets Under Management (AUM)
As of 30th July 2024, Poplar Forest Capital’s top holding is 919,216 shares of Equitable currently worth over $37.6 billion and making up 5.2% of the portfolio value.
Relative to the number of outstanding shares of Equitable, Poplar Forest Capital owns less than approximately 0.1% of the company.
In addition, the fund holds 110,619 shares of United Therapeutics Corp worth $35.2 billion, whose value grew 51.5% in the past six months.
The third-largest holding is Allstate Corp worth $32.3 billion and the next is National Fuel Gas Co worth $31.8 billion, with 586,458 shares owned.
Currently, Poplar Forest Capital's portfolio is worth at least $716 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 Poplar Forest Capital
The Poplar Forest Capital office and employees reside in Pasadena, California. According to the last 13-F report filed with the SEC, J. Harvey serves as the Managing Member at Poplar Forest Capital.
Recent trades
In the most recent 13F filing, Poplar Forest Capital revealed that it had opened a new position in
Tyson Foods and bought 551,389 shares worth $31.5 billion.
This means they effectively own approximately 0.1% of the company.
Tyson Foods makes up
40.9%
of the fund's Consumer Staples sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in National Fuel Gas Co by buying
63,773 additional shares.
This makes their stake in National Fuel Gas Co total 586,458 shares worth $31.8 billion.
National Fuel Gas Co dropped approximately 0.1% in the past year.
On the other hand, there are companies that Poplar Forest Capital is getting rid of from its portfolio.
Poplar Forest Capital closed its position in Philip Morris International Inc on 6th August 2024.
It sold the previously owned 370,770 shares for $37.5 billion.
J. Harvey also disclosed a decreased stake in Equitable by 0.2%.
This leaves the value of the investment at $37.6 billion and 919,216 shares.
One of the average hedge funds
The two most similar investment funds to Poplar Forest Capital are Arden Trust Co and Moss Adams Wealth Advisors. They manage $716 billion and $716 billion respectively.
J. Harvey investment strategy
Poplar Forest Capital’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Finance — making up 13.2% of
the total portfolio value.
The fund focuses on investments in the United States as
50.9% 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
42% of the total holdings value.
On the other hand, small-cap stocks make up only 1.9% of the portfolio.
The average market cap of the portfolio companies is close to $254 billion.
The complete list of Poplar Forest Capital trades based on 13F SEC filings
These positions were updated on August 6th 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 |
|---|---|---|---|
| Equitable Holdings, Inc. |
19.20%
919,216
|
$37,559,166,000 | 5.24% |
| Philip Morris International Inc |
Closed
370,770
|
$37,525,632,000 | |
| United Therapeutics Corp |
25.99%
110,619
|
$35,237,682,000 | 4.92% |
| Wells Fargo Co New |
Closed
787,330
|
$32,508,856,000 | |
| Allstate Corp (The) |
24.68%
202,444
|
$32,322,209,000 | 4.51% |
| National Fuel Gas Co. |
12.20%
586,458
|
$31,780,159,000 | 4.44% |
| Tyson Foods, Inc. |
Opened
551,389
|
$31,506,367,000 | 4.40% |
| Att Inc |
12.34%
1,618,756
|
$30,934,427,000 | 4.32% |
| Dominion Energy Inc |
Opened
602,818
|
$29,538,082,000 | 4.12% |
| Chevron Corp. |
7.09%
186,681
|
$29,200,642,000 | 4.08% |
| Intel Corp. |
29.26%
925,115
|
$28,650,812,000 | 4.00% |
| Merck Co Inc |
29.00%
231,350
|
$28,641,130,000 | 4.00% |
| International Business Machs |
35.60%
157,020
|
$27,156,609,000 | 3.79% |
| Cencora Inc. |
49.47%
120,092
|
$27,056,728,000 | 3.78% |
| Dow Inc |
26.89%
502,457
|
$26,655,344,000 | 3.72% |
| Kraft Heinz Co |
Opened
817,909
|
$26,353,028,000 | 3.68% |
| Fedex Corp |
107.53%
85,401
|
$25,606,636,000 | 3.58% |
| Advance Auto Parts Inc |
Closed
170,927
|
$25,131,397,000 | |
| Citigroup Inc |
24.06%
392,618
|
$24,915,538,000 | 3.48% |
| Fidelity Natl Information Sv |
129.90%
304,130
|
$22,919,237,000 | 3.20% |
| CVS Health Corp |
16.09%
382,472
|
$22,588,796,000 | 3.15% |
| Perrigo Co Plc |
Closed
661,720
|
$22,558,035,000 | |
| Curtiss-Wright Corp. |
Closed
130,640
|
$21,815,574,000 | |
| Vishay Intertechnology, Inc. |
Opened
948,870
|
$21,159,801,000 | 2.95% |
| Sensata Technologies Hldg Pl |
9,581.02%
549,882
|
$20,560,088,000 | 2.87% |
| Dollar Tree Inc |
16.68%
179,895
|
$19,207,389,000 | 2.68% |
| Las Vegas Sands Corp |
33.71%
419,713
|
$18,572,300,000 | 2.59% |
| Ally Finl Inc |
34.84%
465,797
|
$18,478,167,000 | 2.58% |
| Cnh Indl N V |
Closed
1,122,230
|
$18,023,014,000 | |
| DXC Technology Co |
Closed
646,631
|
$17,135,722,000 | |
| Stifel Finl Corp |
Opened
190,155
|
$16,001,543,000 | 2.23% |
| Sun Cmntys Inc |
Opened
122,066
|
$14,689,422,000 | 2.05% |
| Murphy Oil Corp. |
17.34%
334,433
|
$13,792,017,000 | 1.93% |
| Tapestry Inc |
46.16%
318,842
|
$13,643,249,000 | 1.90% |
| Millerknoll Inc |
Closed
535,083
|
$11,242,094,000 | |
| American Intl Group Inc |
77.52%
134,159
|
$9,959,964,000 | 1.39% |
| Warner Bros.Discovery Inc |
31.34%
938,971
|
$6,985,944,000 | 0.98% |
| Procter And Gamble Co |
No change
25,508
|
$4,206,779,000 | 0.59% |
| Abbvie Inc |
1.19%
14,575
|
$2,499,904,000 | 0.35% |
| Johnson Johnson |
6.52%
14,234
|
$2,080,441,000 | 0.29% |
| Emerson Elec Co |
No change
18,005
|
$1,983,431,000 | 0.28% |
| Abbott Labs |
0.87%
13,642
|
$1,417,540,000 | 0.20% |
| 3M Co. |
No change
13,110
|
$1,339,711,000 | 0.19% |
| Apple Inc |
59.94%
5,067
|
$1,067,212,000 | 0.15% |
| Vanguard Bd Index Fds |
32.59%
14,077
|
$1,054,227,000 | 0.15% |
| Spdr Sp 500 Etf Tr |
12.71%
1,855
|
$1,009,528,000 | 0.14% |
| Pepsico Inc |
No change
6,115
|
$1,008,547,000 | 0.14% |
| Bristol-Myers Squibb Co. |
No change
23,989
|
$996,263,000 | 0.14% |
| Ishares Tr |
5.16%
4,197
|
$851,529,000 | 0.12% |
| Microsoft Corporation |
3.36%
1,869
|
$835,350,000 | 0.12% |
| Oracle Corp. |
16.97%
5,138
|
$725,486,000 | 0.10% |
| Vmware Inc. |
Closed
5,440
|
$667,814,000 | |
| Vanguard Scottsdale Fds |
119.12%
6,177
|
$477,328,000 | 0.07% |
| Apollo Global Mgmt Inc |
54.25%
4,020
|
$474,641,000 | 0.07% |
| Energy Transfer L P |
103.46%
26,450
|
$429,019,000 | 0.06% |
| Costco Whsl Corp New |
No change
500
|
$424,995,000 | 0.06% |
| Morgan Stanley |
Closed
4,161
|
$353,768,000 | |
| Brixmor Ppty Group Inc |
Closed
15,597
|
$353,584,000 | |
| IQVIA Holdings Inc |
Closed
1,651
|
$338,273,000 | |
| Oshkosh Corp |
Closed
3,456
|
$304,785,000 | |
| Vanguard Intl Equity Index F |
0.66%
6,864
|
$300,369,000 | 0.04% |
| Invesco Exchange Traded Fd T |
62.24%
3,550
|
$296,141,000 | 0.04% |
| L3Harris Technologies Inc |
Closed
1,324
|
$275,670,000 | |
| First Horizon Corporation |
Closed
10,910
|
$267,295,000 | |
| Regeneron Pharmaceuticals, Inc. |
Closed
368
|
$265,508,000 | |
| T Rowe Price Etf Inc |
Opened
4,825
|
$248,777,000 | 0.03% |
| Qualcomm, Inc. |
Closed
2,197
|
$241,538,000 | |
| Alphabet Inc |
Opened
2,560
|
$467,930,000 | 0.07% |
| Bank America Corp |
Opened
5,380
|
$213,963,000 | 0.03% |
| Cisco Sys Inc |
Closed
4,259
|
$202,899,000 | |
| Flaherty Crumrine Pfd Inco |
Opened
15,425
|
$161,037,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 71 holdings | |||
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