Wealth 13F annual report

Wealth is an investment fund managing more than $132 million ran by Cornelius Iii. There are currently 131 companies in Mr. Iii’s portfolio. The largest investments include Apple Inc and Microsoft, together worth $20.3 million.

Limited to 30 biggest holdings

$132 million Assets Under Management (AUM)

As of 3rd May 2024, Wealth’s top holding is 69,764 shares of Apple Inc currently worth over $12 million and making up 9.0% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Wealth owns more than approximately 0.1% of the company. In addition, the fund holds 19,711 shares of Microsoft worth $8.29 million, whose value grew 11.5% in the past six months. The third-largest holding is Tjx Cos Inc New worth $4.08 million and the next is Alphabet Inc worth $4.35 million, with 28,754 shares owned.

Currently, Wealth's portfolio is worth at least $132 million. 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

The Wealth office and employees reside in Raleigh, North Carolina. According to the last 13-F report filed with the SEC, Cornelius Iii serves as the President at Wealth.

Recent trades

In the most recent 13F filing, Wealth revealed that it had opened a new position in Apple Inc and bought 69,764 shares worth $12 million.

One of the smallest hedge funds

The two most similar investment funds to Wealth are Ncm Capital Management and Brevan Howard Capital Management L.P.. They manage $133 million and $133 million respectively.


Cornelius Iii investment strategy

Wealth’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 17.8% of the total portfolio value. The fund focuses on investments in the United States as 53.4% 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 53% 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 $218 billion.

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

These positions were updated on May 10th 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
Opened
69,764
$11,963,000 9.03%
Microsoft Corporation
Opened
19,711
$8,293,000 6.26%
Tjx Cos Inc New
Opened
40,192
$4,076,000 3.08%
Alphabet Inc
Opened
28,754
$4,346,000 3.28%
Amazon.com Inc.
Opened
20,664
$3,727,000 2.81%
Truist Finl Corp
Opened
88,945
$3,467,000 2.62%
Walmart Inc
Opened
53,238
$3,203,000 2.42%
NVIDIA Corp
Opened
3,502
$3,165,000 2.39%
Chevron Corp.
Opened
19,227
$3,033,000 2.29%
Mcdonalds Corp
Opened
10,195
$2,874,000 2.17%
Mastercard Incorporated
Opened
5,700
$2,745,000 2.07%
Home Depot, Inc.
Opened
5,767
$2,212,000 1.67%
Duke Energy Corp.
Opened
22,762
$2,201,000 1.66%
Procter And Gamble Co
Opened
13,060
$2,119,000 1.60%
Meta Platforms Inc
Opened
4,318
$2,097,000 1.58%
Caterpillar Inc.
Opened
5,292
$1,939,000 1.46%
Costco Whsl Corp New
Opened
2,423
$1,775,000 1.34%
Coca-Cola Co
Opened
25,921
$1,586,000 1.20%
Automatic Data Processing In
Opened
6,269
$1,566,000 1.18%
Jpmorgan Chase Co
Opened
7,540
$1,510,000 1.14%
Pepsico Inc
Opened
8,156
$1,427,000 1.08%
AMGEN Inc.
Opened
4,888
$1,390,000 1.05%
Vanguard Bd Index Fdx
Opened
18,990
$1,379,000 1.04%
Lowes Cos Inc
Opened
5,240
$1,335,000 1.01%
Merck Co Inc
Opened
9,681
$1,277,000 0.96%
United Parcel Service, Inc.
Opened
8,241
$1,225,000 0.92%
Lockheed Martin Corp.
Opened
2,690
$1,224,000 0.92%
Visa Inc
Opened
4,352
$1,215,000 0.92%
Qualcomm, Inc.
Opened
7,063
$1,196,000 0.90%
Johnson Johnson
Opened
7,503
$1,187,000 0.90%
Parker-Hannifin Corp.
Opened
2,062
$1,146,000 0.87%
Berkshire Hathaway Inc.
Opened
2,664
$1,120,000 0.85%
Builders Firstsource Inc
Opened
5,209
$1,086,000 0.82%
Adobe Inc
Opened
2,082
$1,051,000 0.79%
Cummins Inc.
Opened
3,492
$1,029,000 0.78%
Boeing Co.
Opened
5,327
$1,028,000 0.78%
Eli Lilly Co
Opened
1,305
$1,015,000 0.77%
Philip Morris International Inc
Opened
10,564
$968,000 0.73%
Abbvie Inc
Opened
5,231
$952,000 0.72%
Verizon Communications Inc
Opened
21,923
$920,000 0.69%
Exxon Mobil Corp.
Opened
7,407
$861,000 0.65%
Aim Etf Products Trust
Opened
87,282
$2,623,000 1.98%
Broadcom Inc
Opened
623
$826,000 0.62%
Hershey Company
Opened
3,956
$769,000 0.58%
Becton Dickinson Co
Opened
2,903
$718,000 0.54%
Target Corp
Opened
4,053
$718,000 0.54%
Vanguard Tax-managed Fdx
Opened
13,992
$702,000 0.53%
Lam Research Corp.
Opened
701
$681,000 0.51%
Goldman Sachs Group, Inc.
Opened
1,608
$672,000 0.51%
Internation Business Machs
Opened
3,308
$632,000 0.48%
Unitedhealth Group Inc
Opened
1,232
$609,000 0.46%
Comcast Corp New
Opened
13,267
$575,000 0.43%
Advanced Micro Devices Inc.
Opened
3,128
$565,000 0.43%
Union Pac Corp
Opened
2,255
$555,000 0.42%
Pfizer Inc.
Opened
19,415
$539,000 0.41%
Oracle Corp.
Opened
4,229
$531,000 0.40%
Cisco Sys Inc
Opened
10,627
$530,000 0.40%
Illinois Toll Wks Inc
Opened
1,971
$529,000 0.40%
3M Co.
Opened
4,878
$517,000 0.39%
Deere Co
Opened
1,239
$509,000 0.38%
Vanguard Malvern Fds
Opened
10,232
$490,000 0.37%
Altria Group Inc.
Opened
11,204
$489,000 0.37%
Fedex Corp
Opened
1,680
$487,000 0.37%
Nike, Inc.
Opened
5,063
$476,000 0.36%
Vanguard Charlotte Fds
Opened
9,607
$473,000 0.36%
Price T Row Group Inc
Opened
3,879
$473,000 0.36%
Honeywell International Inc
Opened
2,266
$465,000 0.35%
Schwab Strategic Tr
Opened
37,952
$2,393,000 1.81%
Vanguard Mun Bd Fds
Opened
9,093
$460,000 0.35%
Prologix Inc
Opened
3,491
$455,000 0.34%
Novartis AG
Opened
4,676
$452,000 0.34%
Novo-nordisk A S
Opened
3,516
$451,000 0.34%
General Mls Inc
Opened
6,165
$431,000 0.33%
Clorox Co.
Opened
2,700
$413,000 0.31%
The Southern Co.
Opened
5,692
$408,000 0.31%
Ishares Tr
Opened
27,670
$1,275,000 0.96%
Mondelez International Inc.
Opened
5,769
$404,000 0.31%
Nucor Corp.
Opened
2,009
$398,000 0.30%
Northrop Grumman Corp.
Opened
820
$393,000 0.30%
Marathon Pete Corp
Opened
1,941
$391,000 0.30%
Applied Matls Inc
Opened
1,857
$383,000 0.29%
Ishares Inc
Opened
3,568
$376,000 0.28%
Asml Holding N V
Opened
385
$374,000 0.28%
Salesforce Inc
Opened
1,227
$370,000 0.28%
Cintas Corporation
Opened
533
$366,000 0.28%
American Express Co.
Opened
1,597
$364,000 0.27%
Thermo Fisher Scientific Inc.
Opened
613
$356,000 0.27%
Investors Title Co Nc
Opened
2,108
$344,000 0.26%
CSX Corp.
Opened
9,135
$339,000 0.26%
Vanguard Index Fds
Opened
4,105
$871,000 0.66%
Sherwin-Williams Co.
Opened
970
$337,000 0.25%
Att Inc
Opened
19,128
$337,000 0.25%
Bristol-Myers Squibb Co.
Opened
6,193
$336,000 0.25%
Royal Bk Cda
Opened
3,275
$330,000 0.25%
T-Mobile US Inc
Opened
1,996
$326,000 0.25%
Air Prods Chems Inc
Opened
1,342
$325,000 0.25%
Starbucks Corp.
Opened
3,544
$324,000 0.24%
Toyota Motor Corporation
Opened
1,264
$318,000 0.24%
Kimberly-Clark Corp.
Opened
2,448
$317,000 0.24%
Stryker Corp.
Opened
879
$315,000 0.24%
Spdr Ser Tr
Opened
13,447
$315,000 0.24%
Emerson Elec Co
Opened
2,765
$314,000 0.24%
Norfolk Southn Corp
Opened
1,157
$295,000 0.22%
Vanguard Intl Equity Index F
Opened
6,930
$289,000 0.22%
American Elec Pwr Co Inc
Opened
3,294
$284,000 0.21%
Netxtera Energy Inc
Opened
4,319
$276,000 0.21%
Bank America Corp
Opened
7,265
$275,000 0.21%
Conocophillips
Opened
2,111
$269,000 0.20%
Netflix Inc.
Opened
439
$267,000 0.20%
Marriott Intl Inc New
Opened
1,033
$261,000 0.20%
Mccormick Co Inc
Opened
3,360
$258,000 0.19%
Genuine Parts Co.
Opened
1,656
$257,000 0.19%
Abbott Labs
Opened
2,224
$253,000 0.19%
HCA Healthcare Inc
Opened
749
$250,000 0.19%
Ewells Fargo Co New
Opened
4,306
$250,000 0.19%
Disney Walt Co
Opened
1,904
$233,000 0.18%
Smucker J M Co
Opened
1,832
$231,000 0.17%
Trane Technologies plc
Opened
764
$229,000 0.17%
Wisdomtree Tr
Opened
6,827
$223,000 0.17%
Archer Daniels Midland Co.
Opened
3,523
$221,000 0.17%
Intel Corp.
Opened
4,968
$219,000 0.17%
Intuit Inc
Opened
336
$218,000 0.16%
Regeneron Pharmaceuticals, Inc.
Opened
224
$216,000 0.16%
CVS Health Corp
Opened
2,699
$215,000 0.16%
Gilead Sciences, Inc.
Opened
2,939
$215,000 0.16%
Paychex Inc.
Opened
1,740
$214,000 0.16%
Ares Capital Corp
Opened
10,146
$211,000 0.16%
Sei Exchange Traded Funds
Opened
13,172
$416,000 0.31%
Texas Instrs Inc
Opened
1,186
$207,000 0.16%
Abdrn Etfs
Opened
10,096
$200,000 0.15%
PDS Biotechnology Corporation
Opened
15,399
$61,000 0.05%
No transactions found
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