Telos Capital Management 13F annual report
Telos Capital Management is an investment fund managing more than $714 billion ran by Andrew Weld. There are currently 156 companies in Mr. Weld’s portfolio. The largest investments include Apple Inc and Vanguard Index Fds, together worth $71.5 billion.
$714 billion Assets Under Management (AUM)
As of 25th October 2023, Telos Capital Management’s top holding is 230,330 shares of Apple Inc currently worth over $39.4 billion and making up 5.5% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Telos Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 168,263 shares of Vanguard Index Fds worth $32.1 billion.
The third-largest holding is Qualcomm worth $25.6 billion and the next is Cisco Sys Inc worth $17 billion, with 315,847 shares owned.
Currently, Telos Capital Management's portfolio is worth at least $714 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 Telos Capital Management
The Telos Capital Management office and employees reside in San Diego, California. According to the last 13-F report filed with the SEC, Andrew Weld serves as the Portfolio Manager at Telos Capital Management.
Recent trades
In the most recent 13F filing, Telos Capital Management revealed that it had opened a new position in
Zoetis Inc and bought 29,740 shares worth $5.17 billion.
This means they effectively own approximately 0.1% of the company.
Zoetis Inc makes up
6.6%
of the fund's Health Care sector allocation and has grown its share price by 2.8% in the past year.
The investment fund also strengthened its position in Pepsico Inc by buying
4,483 additional shares.
This makes their stake in Pepsico Inc total 99,509 shares worth $16.9 billion.
On the other hand, there are companies that Telos Capital Management is getting rid of from its portfolio.
Telos Capital Management closed its position in Dollar Gen Corp New on 1st November 2023.
It sold the previously owned 16,931 shares for $4.17 billion.
Andrew Weld also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $39.4 billion and 230,330 shares.
One of the average hedge funds
The two most similar investment funds to Telos Capital Management are Coastline Trust Co and Ally. They manage $714 billion and $715 billion respectively.
Andrew Weld investment strategy
Telos Capital Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 13.2% of
the total portfolio value.
The fund focuses on investments in the United States as
57.7% 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
58% 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 $168 billion.
The complete list of Telos Capital Management trades based on 13F SEC filings
These positions were updated on November 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 |
|---|---|---|---|
| Apple Inc |
7.25%
230,330
|
$39,434,878,000 | 5.53% |
| Vanguard Index Fds |
10.84%
168,263
|
$32,114,552,000 | 4.50% |
| Qualcomm, Inc. |
1.68%
230,471
|
$25,596,125,000 | 3.59% |
| Cisco Sys Inc |
2.99%
315,847
|
$16,979,933,000 | 2.38% |
| Pepsico Inc |
4.72%
99,509
|
$16,860,800,000 | 2.36% |
| Home Depot, Inc. |
84.39%
53,026
|
$16,022,460,000 | 2.25% |
| Vanguard Intl Equity Index F |
12.07%
356,072
|
$18,319,246,000 | 2.57% |
| Bristol-Myers Squibb Co. |
8.71%
260,504
|
$15,119,673,000 | 2.12% |
| Alphabet Inc |
5.62%
179,052
|
$23,494,743,000 | 3.29% |
| Procter And Gamble Co |
28.30%
100,295
|
$14,629,099,000 | 2.05% |
| Chevron Corp. |
2.81%
81,118
|
$13,678,191,000 | 1.92% |
| Vanguard Tax-managed Fds |
50.84%
302,619
|
$13,230,482,000 | 1.85% |
| Visa Inc |
3.95%
56,034
|
$12,888,413,000 | 1.81% |
| Amazon.com Inc. |
2.43%
94,070
|
$11,958,171,000 | 1.68% |
| Johnson Johnson |
0.34%
75,425
|
$11,747,413,000 | 1.65% |
| United Parcel Service, Inc. |
0.62%
74,337
|
$11,586,869,000 | 1.62% |
| Northrop Grumman Corp. |
7.75%
25,546
|
$11,244,999,000 | 1.58% |
| Morgan Stanley |
1.25%
136,706
|
$11,164,741,000 | 1.56% |
| Jpmorgan Chase Co |
3.41%
76,360
|
$11,073,769,000 | 1.55% |
| Nxp Semiconductors N V |
0.05%
53,480
|
$10,691,764,000 | 1.50% |
| Microsoft Corporation |
10.42%
32,796
|
$10,355,484,000 | 1.45% |
| Danaher Corp. |
5.67%
39,866
|
$9,890,643,000 | 1.39% |
| Jacobs Solutions Inc |
1.36%
72,406
|
$9,883,386,000 | 1.39% |
| Berkshire Hathaway Inc. |
4.12%
27,015
|
$9,463,369,000 | 1.33% |
| Price T Rowe Group Inc |
134.34%
89,629
|
$9,399,390,000 | 1.32% |
| Medtronic Plc |
13.13%
118,191
|
$9,261,474,000 | 1.30% |
| Mastercard Incorporated |
12.20%
22,460
|
$8,892,139,000 | 1.25% |
| Travelers Companies Inc. |
6.05%
52,442
|
$8,564,353,000 | 1.20% |
| Ishares Tr |
10.21%
395,945
|
$40,144,537,000 | 5.63% |
| Abbvie Inc |
6.52%
50,798
|
$7,571,950,000 | 1.06% |
| IQVIA Holdings Inc |
3.43%
36,698
|
$7,220,332,000 | 1.01% |
| AMGEN Inc. |
3.72%
24,725
|
$6,645,032,000 | 0.93% |
| Rockwell Automation Inc |
10.20%
23,235
|
$6,642,221,000 | 0.93% |
| Costco Whsl Corp New |
42.95%
11,726
|
$6,624,447,000 | 0.93% |
| Aptiv PLC |
7.47%
60,580
|
$5,972,583,000 | 0.84% |
| Disney Walt Co |
7.37%
73,531
|
$5,959,694,000 | 0.84% |
| Sysco Corp. |
5.74%
86,668
|
$5,724,396,000 | 0.80% |
| Phillips 66 |
3.16%
44,915
|
$5,396,577,000 | 0.76% |
| Republic Svcs Inc |
83.33%
37,864
|
$5,395,986,000 | 0.76% |
| Carrier Global Corporation |
13.36%
97,058
|
$5,357,608,000 | 0.75% |
| Zoetis Inc |
Opened
29,740
|
$5,174,166,000 | 0.73% |
| Vertex Pharmaceuticals, Inc. |
7.85%
14,836
|
$5,159,071,000 | 0.72% |
| Vanguard Scottsdale Fds |
51.93%
132,640
|
$10,021,607,000 | 1.40% |
| Kraft Heinz Co |
3.16%
150,031
|
$5,047,040,000 | 0.71% |
| Genuine Parts Co. |
12.16%
34,621
|
$4,998,555,000 | 0.70% |
| Starbucks Corp. |
0.74%
54,157
|
$4,942,929,000 | 0.69% |
| Enbridge Inc |
2.42%
144,275
|
$4,838,991,000 | 0.68% |
| Fedex Corp |
1.82%
18,123
|
$4,801,262,000 | 0.67% |
| Oracle Corp. |
29.62%
45,131
|
$4,780,300,000 | 0.67% |
| Realty Income Corp. |
3.59%
95,247
|
$4,756,630,000 | 0.67% |
| Vanguard Whitehall Fds |
22.17%
45,913
|
$4,743,765,000 | 0.66% |
| Wisdomtree Tr |
10.53%
81,556
|
$4,687,051,000 | 0.66% |
| The Southern Co. |
6.80%
71,544
|
$4,630,358,000 | 0.65% |
| Williams-Sonoma, Inc. |
6.17%
29,585
|
$4,597,509,000 | 0.64% |
| WestRock Co |
19.23%
125,695
|
$4,499,878,000 | 0.63% |
| American Elec Pwr Co Inc |
10.44%
59,331
|
$4,462,893,000 | 0.63% |
| Dollar Gen Corp New |
Closed
16,931
|
$4,169,168,000 | |
| Nike, Inc. |
1.01%
43,543
|
$4,163,540,000 | 0.58% |
| Pnc Finl Svcs Group Inc |
9.57%
33,891
|
$4,160,744,000 | 0.58% |
| RTX Corp |
0.71%
57,320
|
$4,125,342,000 | 0.58% |
| Cbre Group Inc |
4.66%
53,439
|
$3,947,005,000 | 0.55% |
| Newmont Corp |
4.89%
105,833
|
$3,910,516,000 | 0.55% |
| Meta Platforms Inc |
4.38%
12,191
|
$3,659,919,000 | 0.51% |
| Resmed Inc. |
14.06%
24,312
|
$3,594,977,000 | 0.50% |
| Waste Mgmt Inc Del |
18.70%
22,357
|
$3,408,174,000 | 0.48% |
| Abbott Labs |
0.51%
35,029
|
$3,392,559,000 | 0.48% |
| Eli Lilly Co |
2.80%
5,701
|
$3,062,179,000 | 0.43% |
| Walmart Inc |
25.77%
16,892
|
$2,701,552,000 | 0.38% |
| Novartis AG |
3.79%
26,119
|
$2,660,438,000 | 0.37% |
| Select Sector Spdr Tr |
Closed
19,168
|
$2,604,011,000 | |
| ServiceNow Inc |
Opened
4,585
|
$2,562,832,000 | 0.36% |
| Edwards Lifesciences Corp |
Opened
35,405
|
$2,452,859,000 | 0.34% |
| Invesco Exchange Traded Fd T |
670.26%
16,861
|
$2,389,011,000 | 0.33% |
| Ishares Tr |
Opened
29,366
|
$2,844,135,000 | 0.40% |
| American Tower Corp. |
4.81%
13,378
|
$2,200,036,000 | 0.31% |
| Select Sector Spdr Tr |
3.88%
53,527
|
$3,806,686,000 | 0.53% |
| NVIDIA Corp |
44.64%
4,452
|
$1,936,763,000 | 0.27% |
| Spdr Ser Tr |
2.58%
60,072
|
$3,880,722,000 | 0.54% |
| Union Pac Corp |
22.33%
8,233
|
$1,676,442,000 | 0.23% |
| Pfizer Inc. |
2.59%
45,863
|
$1,521,276,000 | 0.21% |
| Merck Co Inc |
35.62%
13,774
|
$1,418,037,000 | 0.20% |
| Tesla Inc |
Opened
5,632
|
$1,409,240,000 | 0.20% |
| Aflac Inc. |
No change
18,082
|
$1,387,794,000 | 0.19% |
| Mid-amer Apt Cmntys Inc |
19.69%
9,628
|
$1,238,637,000 | 0.17% |
| UDR Inc |
42.99%
34,019
|
$1,213,445,000 | 0.17% |
| Camden Ppty Tr |
68.26%
12,389
|
$1,171,726,000 | 0.16% |
| Microchip Technology, Inc. |
No change
14,735
|
$1,150,067,000 | 0.16% |
| Exxon Mobil Corp. |
7.79%
9,770
|
$1,148,754,000 | 0.16% |
| Illumina Inc |
74.41%
7,772
|
$1,066,942,000 | 0.15% |
| Digital Rlty Tr Inc |
82.46%
8,724
|
$1,055,760,000 | 0.15% |
| Deere Co |
1.27%
2,703
|
$1,020,111,000 | 0.14% |
| Caterpillar Inc. |
11.36%
3,536
|
$965,265,000 | 0.14% |
| Netflix Inc. |
54.80%
2,548
|
$962,047,000 | 0.13% |
| Coca-Cola Co |
21.88%
16,061
|
$899,122,000 | 0.13% |
| Emerson Elec Co |
0.32%
9,139
|
$882,554,000 | 0.12% |
| Spdr Ser Tr |
Opened
9,458
|
$868,434,000 | 0.12% |
| Alexandria Real Estate Eq In |
54.56%
8,479
|
$848,722,000 | 0.12% |
| Wells Fargo Co New |
12.83%
20,391
|
$833,177,000 | 0.12% |
| Prologis Inc |
7.51%
7,227
|
$810,903,000 | 0.11% |
| Lockheed Martin Corp. |
191.19%
1,785
|
$730,101,000 | 0.10% |
| Ishares Inc |
2.42%
23,866
|
$1,275,361,000 | 0.18% |
| Unitedhealth Group Inc |
24.39%
1,336
|
$673,598,000 | 0.09% |
| NextEra Energy Inc |
35.97%
11,588
|
$663,864,000 | 0.09% |
| Goldman Sachs Group, Inc. |
0.64%
1,884
|
$609,599,000 | 0.09% |
| Sl Green Rlty Corp |
9.84%
15,880
|
$592,312,000 | 0.08% |
| Kimco Rlty Corp |
27.45%
33,050
|
$581,357,000 | 0.08% |
| Sei Invts Co |
Closed
9,600
|
$559,680,000 | |
| Kimberly-Clark Corp. |
8.51%
4,300
|
$519,655,000 | 0.07% |
| International Business Machs |
15.89%
3,683
|
$516,730,000 | 0.07% |
| Us Bancorp Del |
Closed
11,357
|
$495,279,000 | |
| Asml Holding N V |
25.71%
797
|
$469,163,000 | 0.07% |
| Rbb Fd Inc |
Closed
45,500
|
$663,967,000 | |
| Intuit Inc |
No change
900
|
$459,846,000 | 0.06% |
| Arista Networks Inc |
14.07%
2,326
|
$427,822,000 | 0.06% |
| Hawaiian Elec Industries |
Closed
9,797
|
$410,020,000 | |
| VanEck ETF Trust |
1.53%
29,792
|
$403,389,000 | 0.06% |
| Xylem Inc |
2.15%
4,424
|
$402,682,000 | 0.06% |
| General Electric Co. |
6.17%
3,603
|
$398,312,000 | 0.06% |
| Smucker J M Co |
Closed
2,465
|
$390,604,000 | |
| Columbia Etf Tr Ii |
67.12%
13,916
|
$381,577,000 | 0.05% |
| Crown Castle Inc |
Opened
4,070
|
$374,563,000 | 0.05% |
| Comcast Corp New |
12.62%
8,394
|
$372,190,000 | 0.05% |
| Otis Worldwide Corporation |
77.00%
4,568
|
$366,823,000 | 0.05% |
| D.R. Horton Inc. |
1.51%
3,403
|
$365,681,000 | 0.05% |
| Broadcom Inc. |
6.64%
436
|
$362,133,000 | 0.05% |
| Spdr Sp 500 Etf Tr |
52.05%
843
|
$360,309,000 | 0.05% |
| Honeywell International Inc |
48.73%
1,903
|
$351,491,000 | 0.05% |
| Regency Ctrs Corp |
13.29%
5,908
|
$351,146,000 | 0.05% |
| Organon Co |
Closed
12,347
|
$344,852,000 | |
| Applied Matls Inc |
8.19%
2,379
|
$329,373,000 | 0.05% |
| Simulations Plus Inc. |
No change
7,724
|
$322,091,000 | 0.05% |
| Spdr Gold Tr |
17.69%
1,861
|
$319,069,000 | 0.04% |
| Weyerhaeuser Co Mtn Be |
0.31%
9,978
|
$305,941,000 | 0.04% |
| Lam Research Corp. |
0.62%
484
|
$303,357,000 | 0.04% |
| Mondelez International Inc. |
1.31%
4,315
|
$299,461,000 | 0.04% |
| Schwab Charles Corp |
Closed
3,553
|
$295,823,000 | |
| Micron Technology Inc. |
No change
4,296
|
$292,257,000 | 0.04% |
| Regeneron Pharmaceuticals, Inc. |
15.48%
355
|
$292,151,000 | 0.04% |
| Target Corp |
93.03%
2,632
|
$291,015,000 | 0.04% |
| Intel Corp. |
48.06%
8,112
|
$288,396,000 | 0.04% |
| Lamb Weston Holdings Inc |
0.52%
3,105
|
$287,107,000 | 0.04% |
| Moderna Inc |
Closed
1,589
|
$285,416,000 | |
| Ichor Holdings Ltd |
45.89%
9,107
|
$281,953,000 | 0.04% |
| Lennar Corp. |
5.55%
2,485
|
$278,840,000 | 0.04% |
| Grainger W W Inc |
No change
400
|
$276,736,000 | 0.04% |
| Brandywine Rlty Tr |
14.72%
60,762
|
$275,858,000 | 0.04% |
| L3Harris Technologies Inc |
1.80%
1,581
|
$275,284,000 | 0.04% |
| Blackrock Inc. |
Closed
388
|
$274,948,000 | |
| 3M Co. |
14.99%
2,932
|
$274,518,000 | 0.04% |
| Spirit Rlty Cap Inc New |
13.86%
7,798
|
$261,453,000 | 0.04% |
| Alexander Baldwin Inc New |
11.33%
15,564
|
$260,387,000 | 0.04% |
| KLA Corp. |
Opened
552
|
$253,181,000 | 0.04% |
| Agilent Technologies Inc. |
0.67%
2,240
|
$250,459,000 | 0.04% |
| Spdr Ser Tr |
Closed
1,915
|
$239,586,000 | |
| American Homes 4 Rent |
1.73%
6,924
|
$233,278,000 | 0.03% |
| Ishares Gold Tr |
Closed
6,659
|
$230,335,000 | |
| Spdr Index Shs Fds |
3.64%
7,355
|
$228,094,000 | 0.03% |
| Toronto Dominion Bk Ont |
28.35%
3,745
|
$225,679,000 | 0.03% |
| Boeing Co. |
Closed
1,165
|
$221,995,000 | |
| Verizon Communications Inc |
93.71%
6,763
|
$219,179,000 | 0.03% |
| Hubbell Inc. |
48.18%
699
|
$219,074,000 | 0.03% |
| Texas Instrs Inc |
15.31%
1,355
|
$215,459,000 | 0.03% |
| Automatic Data Processing In |
Closed
901
|
$215,213,000 | |
| Mcdonalds Corp |
0.73%
815
|
$214,788,000 | 0.03% |
| Sempra |
124.64%
3,100
|
$210,893,000 | 0.03% |
| American Wtr Wks Co Inc New |
No change
1,700
|
$210,511,000 | 0.03% |
| Norfolk Southn Corp |
Closed
815
|
$200,832,000 | |
| Conagra Brands Inc |
1.99%
7,324
|
$200,814,000 | 0.03% |
| Exelon Corp. |
Opened
5,297
|
$200,174,000 | 0.03% |
| B G Foods Inc New |
1.60%
20,191
|
$199,685,000 | 0.03% |
| Huntington Bancshares, Inc. |
Closed
13,000
|
$183,300,000 | |
| NIO Inc |
Opened
13,548
|
$122,474,000 | 0.02% |
| Warner Bros.Discovery Inc |
1.32%
10,808
|
$117,375,000 | 0.02% |
| Liberty All Star Equity Fd |
Closed
12,748
|
$72,664,000 | |
| No transactions found | |||
| Showing first 500 out of 174 holdings | |||
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