Kennon-green 13F annual report

Kennon-green is an investment fund managing more than $98.4 billion ran by Joshua Kennon. There are currently 43 companies in Mr. Kennon’s portfolio. The largest investments include Meta Platforms, Inc. Class A and Berkshire Hathaway, Inc. Class B, together worth $14.1 billion.

Limited to 30 biggest holdings

$98.4 billion Assets Under Management (AUM)

As of 29th January 2024, Kennon-green’s top holding is 21,835 shares of Meta Platforms, Inc. Class A currently worth over $7.73 billion and making up 7.9% of the portfolio value. In addition, the fund holds 17,890 shares of Berkshire Hathaway, Inc. Class B worth $6.38 billion. The third-largest holding is Alphabet Inc worth $5.55 billion and the next is Ssc Technologies Holdings, Inc. worth $5.49 billion, with 89,786 shares owned.

Currently, Kennon-green's portfolio is worth at least $98.4 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 Kennon-green

The Kennon-green office and employees reside in Newport Beach, California. According to the last 13-F report filed with the SEC, Joshua Kennon serves as the Managing Director at Kennon-green.

Recent trades

In the most recent 13F filing, Kennon-green revealed that it had increased its stake in Hershey and bought 1,062 additional shares worth around $209 thousand. This means they effectively own approximately 0.1% of the company. Hershey makes up 11.6% of the fund's Consumer Staples sector allocation and has decreased its share price by approximately 0.1% in the past year.

On the other hand, there are companies that Kennon-green is getting rid of from its portfolio. Kennon-green closed its position in Air Products And Chemicals, Inc. on 5th February 2024. It sold the previously owned 820 shares for $232 million. Joshua Kennon also disclosed a decreased stake in Meta Platforms, Inc. Class A by approximately 0.1%. This leaves the value of the investment at $7.73 billion and 21,835 shares.

One of the smallest hedge funds

The two most similar investment funds to Kennon-green are Oaktree Fund Advisors and Cladis Investment Advisory. They manage $98.4 billion and $98.3 billion respectively.

Joshua Kennon investment strategy

Kennon-green’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Consumer Staples — making up 24.8% 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 49% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $383 billion.

The complete list of Kennon-green trades based on 13F SEC filings

These positions were updated on February 5th 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
Meta Platforms, Inc. Class A	3.50% 21,835	$7,728,717,000	7.86%
Berkshire Hathaway, Inc. Class B	2.93% 17,890	$6,380,647,000	6.49%
Alphabet Inc	2.90% 39,698	$5,545,414,000	5.64%
Ssc Technologies Holdings, Inc.	1.53% 89,786	$5,486,822,000	5.58%
Philip Morris International Inc	9.91% 54,595	$5,136,265,000	5.22%
Altria Group Inc.	11.46% 122,448	$4,939,541,000	5.02%
Coca-Cola Co	8.41% 73,460	$4,329,022,000	4.40%
British American Tobacco Plc Adr	15.82% 145,940	$4,274,590,000	4.35%
Walt Disney Company	7.22% 36,620	$3,306,456,000	3.36%
Johnson Johnson	15.87% 18,696	$2,930,366,000	2.98%
Hershey Company	7.53% 15,173	$2,828,841,000	2.88%
Visa, Inc. Class A	1.29% 10,762	$2,801,902,000	2.85%
Starbucks Corp.	1.57% 28,288	$2,715,931,000	2.76%
United Parcel Service, Inc. Class B	5.20% 17,204	$2,704,985,000	2.75%
Mondelez International, Inc. Class A	9.21% 36,217	$2,623,227,000	2.67%
Kimberly-Clark Corp.	14.48% 21,240	$2,580,849,000	2.62%
Alphabet Inc	2.56% 18,065	$2,545,900,000	2.59%
Unilever Plc Adr	16.84% 49,370	$2,393,481,000	2.43%
Brown-Forman Corporation	4.76% 39,785	$2,370,788,000	2.41%
Paramount Global Class B	18.45% 151,229	$2,236,677,000	2.27%
Berkshire Hathaway, Inc. Class A	No change 4	$2,170,500,000	2.21%
Microsoft Corporation	2.96% 5,603	$2,106,981,000	2.14%
Adobe Systems, Inc.	1.20% 3,373	$2,012,332,000	2.05%
Keurig Dr. Pepper, Inc.	17.49% 52,323	$1,743,402,000	1.77%
Pepsico, Inc.	13.75% 10,186	$1,729,990,000	1.76%
Genuine Parts Co.	3.94% 11,838	$1,639,563,000	1.67%
Procter Gamble Company	10.45% 9,433	$1,382,272,000	1.41%
Mcdonald's Corporation	12.39% 3,685	$1,092,639,000	1.11%
Colgate-Palmolive Co.	11.50% 12,974	$1,034,186,000	1.05%
Novartis Ag Adr	11.51% 9,646	$973,957,000	0.99%
Amazon.com Inc.	1.77% 5,898	$896,142,000	0.91%
Autozone Inc.	7.04% 330	$853,251,000	0.87%
Apple Inc	1.16% 4,181	$804,975,000	0.82%
Kenvue Inc.	100.38% 35,438	$762,980,000	0.78%
Nike, Inc. Class B	1.61% 6,765	$734,499,000	0.75%
Dollar General Corp.	5.69% 4,626	$628,905,000	0.64%
Intuit Inc	1.62% 729	$455,647,000	0.46%
Brown-Forman Corporation	6.33% 4,824	$275,451,000	0.28%
Clorox Co.	30.16% 1,820	$259,514,000	0.26%
Abbvie Inc	6.14% 1,606	$248,882,000	0.25%
Kellogg Company	19.19% 4,380	$244,886,000	0.25%
Air Products And Chemicals, Inc.	Closed 820	$232,388,000
Pfizer Inc.	32.51% 7,836	$225,598,000	0.23%
J. M. Smucker Company	33.94% 1,781	$225,083,000	0.23%
No transactions found
Showing first 500 out of 44 holdings