Fingerlakes Wealth Management 13F annual report

Fingerlakes Wealth Management is an investment fund managing more than $96.5 billion ran by Marshall Mccormick. There are currently 53 companies in Mr. Mccormick’s portfolio. The largest investments include Apple Inc and Vanguard World Fd, together worth $21.5 billion.

$96.5 billion Assets Under Management (AUM)

As of 17th April 2024, Fingerlakes Wealth Management’s top holding is 35,721 shares of Apple Inc currently worth over $6.13 billion and making up 6.3% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Fingerlakes Wealth Management owns more than approximately 0.1% of the company. In addition, the fund holds 80,671 shares of Vanguard World Fd worth $15.4 billion. The third-largest holding is Vanguard Index Fds worth $12 billion and the next is Spdr Dow Jones Indl Average worth $2.85 billion, with 7,163 shares owned.

Currently, Fingerlakes Wealth Management's portfolio is worth at least $96.5 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 Fingerlakes Wealth Management

The Fingerlakes Wealth Management office and employees reside in Ithaca, New York. According to the last 13-F report filed with the SEC, Marshall Mccormick serves as the Chief Compliance Officer at Fingerlakes Wealth Management.

Recent trades

In the most recent 13F filing, Fingerlakes Wealth Management revealed that it had opened a new position in Invesco Exch Traded Fd Tr Ii and bought 14,519 shares worth $642 million.

The investment fund also strengthened its position in Vanguard World Fd by buying 2,448 additional shares. This makes their stake in Vanguard World Fd total 80,671 shares worth $15.4 billion.

On the other hand, there are companies that Fingerlakes Wealth Management is getting rid of from its portfolio. Fingerlakes Wealth Management closed its position in Vanguard Scottsdale Fds on 24th April 2024. It sold the previously owned 8,281 shares for $639 million. Marshall Mccormick also disclosed a decreased stake in Apple Inc by approximately 0.1%. This leaves the value of the investment at $6.13 billion and 35,721 shares.

One of the smallest hedge funds

The two most similar investment funds to Fingerlakes Wealth Management are Stevard and Wfa Of San Diego. They manage $96.5 billion and $96.4 billion respectively.


Marshall Mccormick investment strategy

Fingerlakes Wealth Management’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 8.2% of the total portfolio value. The fund focuses on investments in the United States as 30.2% 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 30% of the total holdings value. On the other hand, small-cap stocks make up only 3.8% of the portfolio. The average market cap of the portfolio companies is close to $414 billion.

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

These positions were updated on April 24th 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
1.26%
35,721
$6,125,436,000 6.35%
Vanguard World Fd
3.13%
80,671
$15,351,865,000 15.91%
Vanguard Index Fds
1.26%
53,146
$11,978,661,000 12.42%
Spdr Dow Jones Indl Average
0.25%
7,163
$2,849,085,000 2.95%
Fidelity Covington Trust
69.99%
17,550
$2,734,936,000 2.84%
Ishares Tr
1.01%
145,261
$11,730,074,000 12.16%
Berkshire Hathaway Inc.
0.10%
5,934
$2,495,424,000 2.59%
Spdr Index Shs Fds
6.88%
34,441
$2,851,575,000 2.96%
Microsoft Corporation
21.24%
5,355
$2,252,814,000 2.34%
Spdr Ser Tr
0.80%
116,448
$7,274,707,000 7.54%
Schwab Strategic Tr
22.61%
27,091
$2,461,034,000 2.55%
Lowes Cos Inc
0.29%
8,065
$2,054,452,000 2.13%
Dbx Etf Tr
11.99%
35,175
$1,736,220,000 1.80%
CSX Corp.
6.81%
44,897
$1,664,325,000 1.73%
Vanguard Intl Equity Index F
0.80%
14,531
$1,605,689,000 1.66%
Applied Matls Inc
3.02%
7,128
$1,469,983,000 1.52%
Select Sector Spdr Tr
12.83%
9,269
$1,717,157,000 1.78%
Spdr Sp 500 Etf Tr
1.19%
2,374
$1,241,697,000 1.29%
Home Depot, Inc.
0.20%
3,063
$1,175,079,000 1.22%
NextEra Energy Inc
1.31%
15,623
$998,489,000 1.04%
Eli Lilly Co
0.35%
1,159
$901,738,000 0.93%
Alphabet Inc
2.22%
9,061
$1,373,102,000 1.42%
First Tr Nasdaq 100 Tech Ind
4.94%
3,656
$697,083,000 0.72%
Amazon.com Inc.
5.05%
3,632
$655,104,000 0.68%
J P Morgan Exchange Traded F
55.60%
6,876
$649,263,000 0.67%
Nushares Etf Tr
8.10%
25,595
$945,594,000 0.98%
Vanguard Whitehall Fds
13.34%
5,133
$621,058,000 0.64%
Mcdonalds Corp
0.83%
1,919
$541,105,000 0.56%
Lockheed Martin Corp.
4.71%
1,153
$524,459,000 0.54%
Johnson Johnson
3.30%
3,282
$519,258,000 0.54%
Caterpillar Inc.
1.28%
1,388
$508,472,000 0.53%
Invesco Exchange Traded Fd T
1.84%
5,383
$476,114,000 0.49%
Equinix Inc
6.68%
545
$450,013,000 0.47%
Vanguard Specialized Funds
0.36%
2,222
$405,809,000 0.42%
Mondelez International Inc.
8.16%
5,399
$377,913,000 0.39%
Vanguard Scottsdale Fds
Closed
8,281
$639,013,000
Invesco Exch Traded Fd Tr Ii
Opened
14,519
$642,201,000 0.67%
Vanguard Scottsdale Fds
30.16%
3,841
$309,202,000 0.32%
Ishares Tr
Closed
2,837
$305,314,000
Vanguard Malvern Fds
4.59%
6,179
$295,889,000 0.31%
Wisdomtree Tr
1.93%
2,800
$284,972,000 0.30%
Procter And Gamble Co
0.45%
1,752
$284,282,000 0.29%
NVIDIA Corp
Opened
313
$282,508,000 0.29%
Cisco Sys Inc
1.25%
5,585
$278,767,000 0.29%
Vanguard Tax-managed Fds
5.63%
5,458
$273,839,000 0.28%
Merck Co Inc
7.81%
2,007
$264,848,000 0.27%
Pepsico Inc
1.01%
1,477
$258,438,000 0.27%
C.H. Robinson Worldwide, Inc.
12.47%
3,361
$255,923,000 0.27%
Spdr Ser Tr
Opened
2,753
$240,289,000 0.25%
International Business Machs
Opened
1,254
$239,420,000 0.25%
Ishares Tr
Opened
6,183
$442,382,000 0.46%
Sempra
17.40%
3,293
$236,565,000 0.25%
British Amern Tob Plc
Closed
6,911
$229,461,000
Fidelity Covington Trust
Opened
8,694
$226,830,000 0.24%
Oracle Corp.
Opened
1,696
$213,026,000 0.22%
Western Un Co
Closed
11,303
$132,586,000
Planet Labs Pbc
No change
10,000
$25,500,000 0.03%
No transactions found
Showing first 500 out of 57 holdings