Wealth Forward 13F annual report
Wealth Forward is an investment fund managing more than $128 billion ran by Stephanie Ternes. There are currently 20 companies in Mrs. Ternes’s portfolio. The largest investments include Invesco Exchange Traded Fd T and Schwab Strategic Tr, together worth $53.6 billion.
$128 billion Assets Under Management (AUM)
As of 12th July 2024, Wealth Forward’s top holding is 125,780 shares of Invesco Exchange Traded Fd T currently worth over $20.7 billion and making up 16.1% of the portfolio value.
In addition, the fund holds 634,665 shares of Schwab Strategic Tr worth $33 billion.
The third-largest holding is Vanguard Tax-managed Fds worth $15.1 billion and the next is Ishares Tr worth $37.5 billion, with 381,677 shares owned.
Currently, Wealth Forward's portfolio is worth at least $128 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 Wealth Forward
The Wealth Forward office and employees reside in Fargo, North Dakota. According to the last 13-F report filed with the SEC, Stephanie Ternes serves as the Chief Compliance Officer at Wealth Forward.
Recent trades
In the most recent 13F filing, Wealth Forward revealed that it had opened a new position in
Ishares Tr and bought 5,991 shares worth $412 million.
The investment fund also strengthened its position in Invesco Exchange Traded Fd T by buying
407 additional shares.
This makes their stake in Invesco Exchange Traded Fd T total 125,780 shares worth $20.7 billion.
On the other hand, there are companies that Wealth Forward is getting rid of from its portfolio.
Wealth Forward closed its position in Schwab Strategic Tr on 19th July 2024.
It sold the previously owned 8,339 shares for $281 million.
Stephanie Ternes also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $2.46 billion and 11,682 shares.
One of the smallest hedge funds
The two most similar investment funds to Wealth Forward are Crawford Fund Management and Clio Asset Management. They manage $128 billion and $128 billion respectively.
Stephanie Ternes investment strategy
Wealth Forward’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 1.9% of
the total portfolio value.
The fund focuses on investments in the United States as
45.0% 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
35% of the total holdings value.
On the other hand, small-cap stocks make up only 5.0% of the portfolio.
The average market cap of the portfolio companies is close to $572 billion.
The complete list of Wealth Forward trades based on 13F SEC filings
These positions were updated on July 19th 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 |
|---|---|---|---|
| Invesco Exchange Traded Fd T |
0.32%
125,780
|
$20,663,197,000 | 16.14% |
| Schwab Strategic Tr |
4.59%
634,665
|
$32,981,526,000 | 25.77% |
| Vanguard Tax-managed Fds |
6.38%
305,821
|
$15,113,684,000 | 11.81% |
| Ishares Tr |
2.68%
381,677
|
$37,547,855,000 | 29.33% |
| Vanguard Bd Index Fds |
3.82%
119,450
|
$9,161,795,000 | 7.16% |
| Apple Inc |
1.41%
11,682
|
$2,460,463,000 | 1.92% |
| Us Bancorp Del |
0.01%
36,015
|
$1,429,796,000 | 1.12% |
| Bny Mellon Etf Trust |
1.46%
11,593
|
$1,203,122,000 | 0.94% |
| Alerus Finl Corp |
No change
55,479
|
$1,087,943,000 | 0.85% |
| Berkshire Hathaway Inc. |
21.26%
2,647
|
$1,076,800,000 | 0.84% |
| Microsoft Corporation |
9.62%
2,222
|
$993,123,000 | 0.78% |
| Vanguard Index Fds |
0.85%
3,317
|
$1,221,606,000 | 0.95% |
| Unitedhealth Group Inc |
No change
1,267
|
$645,232,000 | 0.50% |
| Target Corp |
No change
3,084
|
$456,555,000 | 0.36% |
| Spdr Ser Tr |
No change
7,972
|
$391,425,000 | 0.31% |
| Otter Tail Corporation |
No change
4,238
|
$371,206,000 | 0.29% |
| Devon Energy Corp. |
4.06%
6,260
|
$296,724,000 | 0.23% |
| DraftKings Inc. |
No change
7,370
|
$281,313,000 | 0.22% |
| Schwab Strategic Tr |
Closed
8,339
|
$281,274,000 | |
| Ishares Tr |
Opened
5,991
|
$411,671,000 | 0.32% |
| Markel Group Inc |
Opened
129
|
$202,472,000 | 0.16% |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
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