Fortis Capital Management 13F annual report

Fortis Capital Management is an investment fund managing more than $466 billion ran by Mike Boroughs. There are currently 84 companies in Mr. Boroughs’s portfolio. The largest investments include Microsoft and Schwab Strategic Tr, together worth $188 billion.

Limited to 30 biggest holdings

$466 billion Assets Under Management (AUM)

As of 16th July 2024, Fortis Capital Management’s top holding is 295,313 shares of Microsoft currently worth over $132 billion and making up 28.3% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Fortis Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 997,133 shares of Schwab Strategic Tr worth $55.7 billion. The third-largest holding is Amazon.com worth $14.8 billion and the next is NVIDIA Corp worth $12.8 billion, with 103,806 shares owned.

Currently, Fortis Capital Management's portfolio is worth at least $466 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 Fortis Capital Management

The Fortis Capital Management office and employees reside in Bellevue, Washington. According to the last 13-F report filed with the SEC, Mike Boroughs serves as the Chief Compliance Officer at Fortis Capital Management.

Recent trades

In the most recent 13F filing, Fortis Capital Management revealed that it had opened a new position in Novo-nordisk A S and bought 32,994 shares worth $4.71 billion.

The investment fund also strengthened its position in Microsoft by buying 6,659 additional shares. This makes their stake in Microsoft total 295,313 shares worth $132 billion. Microsoft dropped approximately 0.1% in the past year.

On the other hand, there are companies that Fortis Capital Management is getting rid of from its portfolio. Fortis Capital Management closed its position in Doximity on 23rd July 2024. It sold the previously owned 212,653 shares for $5.72 billion. Mike Boroughs also disclosed a decreased stake in Amazon.com by approximately 0.1%. This leaves the value of the investment at $14.8 billion and 76,358 shares.

One of the average hedge funds

The two most similar investment funds to Fortis Capital Management are Jackson Wealth Management and Blue Bell Private Wealth Management. They manage $466 billion and $466 billion respectively.


Mike Boroughs investment strategy

Fortis Capital Management’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Technology — making up 42.7% of the total portfolio value. The fund focuses on investments in the United States as 48.8% 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 50% of the total holdings value. On the other hand, small-cap stocks make up only 2.4% of the portfolio. The average market cap of the portfolio companies is close to $253 billion.

The complete list of Fortis Capital Management trades based on 13F SEC filings

These positions were updated on July 23rd 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
Microsoft Corporation
2.31%
295,313
$131,990,126,000 28.31%
Schwab Strategic Tr
4.77%
997,133
$55,658,878,000 11.94%
Amazon.com Inc.
1.29%
76,358
$14,756,202,000 3.16%
NVIDIA Corp
1,796.35%
103,806
$12,824,140,000 2.75%
Ishares Tr
14.78%
1,055,056
$43,216,014,000 9.27%
Alphabet Inc
4.17%
60,612
$11,112,514,000 2.38%
Vanguard Scottsdale Fds
1.06%
133,256
$10,605,084,000 2.27%
Pimco Etf Tr
47.08%
79,143
$7,524,170,000 1.61%
Apple Inc
86.82%
34,736
$7,316,048,000 1.57%
Vanguard Index Fds
0.14%
58,942
$12,838,868,000 2.75%
Spdr Gold Tr
4.20%
33,216
$7,141,773,000 1.53%
Netflix Inc.
1.54%
10,300
$6,951,185,000 1.49%
Broadcom Inc
109.85%
4,197
$6,738,803,000 1.45%
Meta Platforms Inc
51.43%
12,626
$6,366,227,000 1.37%
Doximity, Inc.
Closed
212,653
$5,722,493,000
Adobe Inc
204.87%
9,832
$5,462,070,000 1.17%
ServiceNow Inc
136.71%
6,365
$5,007,155,000 1.07%
Costco Whsl Corp New
105.17%
5,759
$4,894,849,000 1.05%
Charter Communications Inc N
150.39%
15,895
$4,752,088,000 1.02%
Novo-nordisk A S
Opened
32,994
$4,709,634,000 1.01%
NVR Inc.
135.27%
607
$4,607,797,000 0.99%
Autodesk Inc.
161.52%
18,560
$4,592,672,000 0.98%
Mastercard Incorporated
165.46%
10,297
$4,542,515,000 0.97%
Visa Inc
160.33%
17,109
$4,490,496,000 0.96%
Arista Networks Inc
Opened
12,674
$4,441,984,000 0.95%
Aon plc.
163.99%
15,050
$4,418,258,000 0.95%
Unitedhealth Group Inc
132.50%
8,563
$4,360,662,000 0.94%
MSCI Inc
164.23%
8,664
$4,173,800,000 0.90%
Fair Isaac Corp.
Opened
2,611
$3,886,892,000 0.83%
MercadoLibre Inc
Opened
2,333
$3,834,053,000 0.82%
KLA Corp.
Opened
4,437
$3,658,396,000 0.78%
Chipotle Mexican Grill
Opened
55,273
$3,462,854,000 0.74%
Old Dominion Freight Line In
118.98%
19,119
$3,376,398,000 0.72%
VanEck ETF Trust
8.54%
205,236
$3,737,195,000 0.80%
Spdr Ser Tr
23.56%
99,469
$5,703,949,000 1.22%
Deere & Co.
Opened
8,639
$3,227,790,000 0.69%
Oreilly Automotive Inc
41.82%
2,418
$2,553,554,000 0.55%
Berkshire Hathaway Inc.
19.71%
5,873
$2,389,123,000 0.51%
T-Mobile US Inc
Opened
13,335
$2,349,434,000 0.50%
Moodys Corp
45.74%
5,299
$2,230,458,000 0.48%
Ssga Active Etf Tr
258.94%
50,894
$2,127,371,000 0.46%
Pacer Fds Tr
35.98%
29,960
$1,632,503,000 0.35%
American Centy Etf Tr
0.44%
17,651
$1,583,629,000 0.34%
Wisdomtree Tr
29.73%
33,562
$1,530,096,000 0.33%
Tesla Inc
7.79%
7,444
$1,472,956,000 0.32%
Boeing Co.
9.59%
7,197
$1,309,926,000 0.28%
Airbnb, Inc.
5.92%
8,121
$1,231,388,000 0.26%
Abbvie Inc
42.57%
5,880
$1,008,616,000 0.22%
Motorola Solutions Inc
55.74%
2,524
$974,407,000 0.21%
Home Depot, Inc.
72.21%
2,818
$970,099,000 0.21%
Advanced Micro Devices Inc.
52.22%
5,814
$943,089,000 0.20%
Dimensional Etf Trust
0.52%
55,982
$1,606,083,000 0.34%
Global X Fds
9.86%
45,054
$886,654,000 0.19%
S&P Global Inc
79.28%
1,950
$869,771,000 0.19%
Ishares Tr
Closed
35,090
$1,430,192,000
Dominos Pizza Inc
60.32%
1,674
$864,464,000 0.19%
Danaher Corp.
78.47%
3,432
$857,416,000 0.18%
Thermo Fisher Scientific Inc.
79.70%
1,519
$840,200,000 0.18%
Invesco Exch Traded Fd Tr Ii
33.43%
19,970
$800,191,000 0.17%
Spdr S&p 500 Etf Tr
Opened
1,366
$743,478,000 0.16%
Grayscale Bitcoin Tr Btc
0.40%
12,082
$643,246,000 0.14%
Select Sector Spdr Tr
Opened
16,497
$1,249,502,000 0.27%
Ishares Tr
Opened
5,922
$615,037,000 0.13%
AMGEN Inc.
4.57%
1,648
$514,955,000 0.11%
Energy Transfer L P
26.24%
31,322
$508,040,000 0.11%
Vanguard Malvern Fds
7.22%
9,331
$452,940,000 0.10%
Ishares Inc
5.07%
17,694
$690,331,000 0.15%
Ishares Bitcoin Tr
32.40%
10,519
$359,119,000 0.08%
Select Sector Spdr Tr
1.11%
3,738
$330,133,000 0.07%
Vanguard Tax-managed Fds
6.69%
5,599
$276,684,000 0.06%
Palantir Technologies Inc.
17.37%
10,900
$276,095,000 0.06%
Proshares Tr
Closed
22,131
$262,480,000
Shopify Inc
1.15%
3,877
$256,045,000 0.05%
Nu Hldgs Ltd
6.59%
17,330
$223,384,000 0.05%
Crowdstrike Holdings Inc
Opened
565
$216,503,000 0.05%
PDD Holdings Inc
Opened
1,578
$209,796,000 0.04%
Trade Desk Inc
Opened
2,090
$204,131,000 0.04%
Lululemon Athletica inc.
Closed
514
$200,795,000
Vanguard Specialized Funds
15.40%
1,099
$200,600,000 0.04%
Monday Com Ltd
Opened
831
$200,072,000 0.04%
Legalzoom Com Inc
No change
15,989
$134,148,000 0.03%
MiMedx Group, Inc
No change
18,000
$124,740,000 0.03%
Kayne Anderson Energy Infrst
2.28%
11,792
$121,812,000 0.03%
CPI Aerostructures Inc
No change
41,500
$102,505,000 0.02%
American Battery Technology
5.70%
71,403
$89,254,000 0.02%
Nextdoor Holdings, Inc.
No change
31,161
$86,628,000 0.02%
New Gold Inc Cda
No change
20,000
$39,000,000 0.01%
Lyell Immunopharma Inc
No change
12,092
$17,534,000 0.00%
No transactions found
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