Towerpoint Wealth 13F annual report

Towerpoint Wealth is an investment fund managing more than $200 billion ran by Alex Butters. There are currently 52 companies in Mr. Butters’s portfolio. The largest investments include Vanguard Index Fds and Vanguard Scottsdale Fds, together worth $90 billion.

Limited to 30 biggest holdings

$200 billion Assets Under Management (AUM)

As of 5th July 2024, Towerpoint Wealth’s top holding is 315,596 shares of Vanguard Index Fds currently worth over $70.7 billion and making up 35.4% of the portfolio value. In addition, the fund holds 242,092 shares of Vanguard Scottsdale Fds worth $19.4 billion. The third-largest holding is Vanguard Tax-managed Fds worth $12.2 billion and the next is Ishares Tr worth $25.7 billion, with 272,752 shares owned.

Currently, Towerpoint Wealth's portfolio is worth at least $200 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 Towerpoint Wealth

The Towerpoint Wealth office and employees reside in Sacramento, California. According to the last 13-F report filed with the SEC, Alex Butters serves as the Regulatory Consultant at Towerpoint Wealth.

Recent trades

In the most recent 13F filing, Towerpoint Wealth revealed that it had opened a new position in Exchange Listed Fds Tr and bought 13,690 shares worth $291 million.

The investment fund also strengthened its position in Vanguard Index Fds by buying 711 additional shares. This makes their stake in Vanguard Index Fds total 315,596 shares worth $70.7 billion.

On the other hand, there are companies that Towerpoint Wealth is getting rid of from its portfolio. Towerpoint Wealth closed its position in Att Inc on 12th July 2024. It sold the previously owned 34,762 shares for $583 million. Alex Butters also disclosed a decreased stake in First Tr Exchange-traded Fd by 0.2%. This leaves the value of the investment at $5.29 billion and 91,976 shares.

One of the smallest hedge funds

The two most similar investment funds to Towerpoint Wealth are Cna Financial Corp and Zrc Wealth Management. They manage $200 billion and $200 billion respectively.

Alex Butters investment strategy

Towerpoint Wealth’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Technology — making up 4.7% of the total portfolio value. The fund focuses on investments in the United States as 42.3% 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 38% 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 $424 billion.

The complete list of Towerpoint Wealth trades based on 13F SEC filings

These positions were updated on July 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
Vanguard Index Fds	0.23% 315,596	$70,675,666,000	35.35%
Vanguard Scottsdale Fds	7.72% 242,092	$19,350,382,000	9.68%
Vanguard Tax-managed Fds	3.42% 247,435	$12,228,245,000	6.12%
Ishares Tr	4.71% 272,752	$25,733,006,000	12.87%
Vanguard Charlotte Fds	9.29% 111,098	$5,407,150,000	2.70%
First Tr Value Line Divid In	2.05% 127,682	$5,203,049,000	2.60%
First Tr Exchange-traded Fd	15.41% 91,976	$5,287,566,000	2.65%
Apple Inc	4.01% 19,926	$4,196,914,000	2.10%
Spdr Ser Tr	1.02% 174,441	$10,190,281,000	5.10%
Microsoft Corporation	8.78% 9,081	$4,058,949,000	2.03%
Eli Lilly Co	1.23% 4,278	$3,873,216,000	1.94%
Spdr Index Shs Fds	3.80% 108,921	$3,854,293,000	1.93%
Spdr Sp 500 Etf Tr	6.53% 5,952	$3,239,401,000	1.62%
Ishares Gold Tr	2.54% 60,143	$2,642,082,000	1.32%
NVIDIA Corp	979.86% 19,459	$2,404,010,000	1.20%
First Tr Exch Trd Alphdx Fd	1.56% 26,681	$1,469,040,000	0.73%
Procter And Gamble Co	0.05% 8,749	$1,442,954,000	0.72%
Walmart Inc	190.40% 19,120	$1,294,600,000	0.65%
Vanguard World Fd	10.13% 4,482	$1,348,999,000	0.67%
Alphabet Inc	19.17% 10,295	$1,882,648,000	0.94%
Spdr Gold Tr	8.01% 4,922	$1,058,279,000	0.53%
Dorchester Minerals LP	5.81% 31,144	$960,806,000	0.48%
Abbvie Inc	13.53% 5,335	$915,071,000	0.46%
Home Depot, Inc.	1.77% 2,336	$804,102,000	0.40%
Vanguard Mun Bd Fds	No change 15,832	$793,342,000	0.40%
Vanguard Specialized Funds	43.81% 4,320	$788,676,000	0.39%
Abbott Labs	33.80% 7,399	$768,871,000	0.38%
Costco Whsl Corp New	25.59% 692	$588,209,000	0.29%
Att Inc	Closed 34,762	$583,310,000
Select Sector Spdr Tr	19.38% 6,222	$567,113,000	0.28%
Amazon.com Inc.	34.18% 2,481	$479,453,000	0.24%
Exxon Mobil Corp.	9.82% 4,161	$479,014,000	0.24%
Unitedhealth Group Inc	2.49% 905	$460,880,000	0.23%
First Tr Exch Traded Fd Iii	37.30% 8,661	$428,893,000	0.21%
Merck Co Inc	34.35% 3,164	$391,703,000	0.20%
Qualcomm, Inc.	24.57% 1,937	$385,716,000	0.19%
Pepsico Inc	7.18% 2,059	$339,591,000	0.17%
Tesla Inc	Closed 1,271	$315,851,000
Exchange Listed Fds Tr	Opened 13,690	$291,460,000	0.15%
Ishares Inc	Closed 16,313	$283,359,000
Jpmorgan Chase Co.	Opened 1,379	$278,917,000	0.14%
Altria Group Inc.	1.30% 6,076	$276,774,000	0.14%
Visa Inc	22.62% 1,019	$267,457,000	0.13%
Ssga Active Etf Tr	17.67% 6,652	$264,236,000	0.13%
Meta Platforms Inc	63.90% 522	$263,206,000	0.13%
Mondelez International Inc.	35.87% 3,909	$255,826,000	0.13%
Stryker Corp.	Opened 720	$244,980,000	0.12%
Broadcom Inc.	Opened 152	$244,041,000	0.12%
Wells Fargo Co New	Opened 3,946	$234,353,000	0.12%
Aflac Inc.	0.20% 2,502	$223,454,000	0.11%
Pimco Etf Tr	Opened 2,228	$219,876,000	0.11%
Caterpillar Inc.	Opened 658	$219,180,000	0.11%
Verizon Communications Inc	3.58% 5,280	$217,740,000	0.11%
Berkshire Hathaway Inc.	Closed 606	$216,136,000
Schwab Charles Corp	Closed 3,092	$212,730,000
Disney Walt Co	6.56% 2,079	$206,422,000	0.10%
Intel Corp.	6.39% 6,574	$203,597,000	0.10%
No transactions found
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