Te Ahumairangi Investment Management Ltd 13F annual report
Te Ahumairangi Investment Management Ltd is an investment fund managing more than $520 million ran by Nicholas Bagnall. There are currently 85 companies in Mr. Bagnall’s portfolio. The largest investments include Microsoft and Verizon Communications Inc, together worth $68.4 million.
$520 million Assets Under Management (AUM)
As of 20th August 2024, Te Ahumairangi Investment Management Ltd’s top holding is 84,101 shares of Microsoft currently worth over $37.6 million and making up 7.2% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Te Ahumairangi Investment Management Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 748,173 shares of Verizon Communications Inc worth $30.9 million, whose value grew 3.2% in the past six months.
The third-largest holding is Apple Inc worth $25.1 million and the next is Alphabet Inc worth $23.5 million, with 128,918 shares owned.
Currently, Te Ahumairangi Investment Management Ltd's portfolio is worth at least $520 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 Te Ahumairangi Investment Management Ltd
The Te Ahumairangi Investment Management Ltd office and employees reside in Wellington Central, New Zealand. According to the last 13-F report filed with the SEC, Nicholas Bagnall serves as the Chief Investment Officer at Te Ahumairangi Investment Management Ltd.
Recent trades
In the most recent 13F filing, Te Ahumairangi Investment Management Ltd revealed that it had opened a new position in
Ulta Beauty Inc and bought 5,262 shares worth $2.03 million.
This means they effectively own approximately 0.1% of the company.
Ulta Beauty Inc makes up
5.4%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Everest Re Ltd by buying
1,145 additional shares.
This makes their stake in Everest Re Ltd total 31,840 shares worth $12.1 million.
Everest Re Ltd dropped approximately 0.1% in the past year.
On the other hand, there are companies that Te Ahumairangi Investment Management Ltd is getting rid of from its portfolio.
Te Ahumairangi Investment Management Ltd closed its position in Palo Alto Networks Inc on 14th August 2024.
It sold the previously owned 2,875 shares for $817 thousand.
Nicholas Bagnall also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $37.6 million and 84,101 shares.
One of the smallest hedge funds
The two most similar investment funds to Te Ahumairangi Investment Management Ltd are Benjamin Edwards Inc and Front Street Capital Management. They manage $519 million and $522 million respectively.
Nicholas Bagnall investment strategy
Te Ahumairangi Investment Management Ltd’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 27.4% of
the total portfolio value.
The fund focuses on investments in the United States as
57.6% 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
68% 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 $196 billion.
The complete list of Te Ahumairangi Investment Management Ltd trades based on 13F SEC filings
These positions were updated on August 14th 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 |
8.72%
84,101
|
$37,589,000 | 7.22% |
| Verizon Communications Inc |
6.06%
748,173
|
$30,855,000 | 5.93% |
| Apple Inc |
20.93%
119,000
|
$25,064,000 | 4.82% |
| Alphabet Inc |
21.96%
128,918
|
$23,499,000 | 4.52% |
| Check Point Software Technologies Ltd. |
2.45%
77,922
|
$12,857,000 | 2.47% |
| Everest Re Group Ltd |
3.73%
31,840
|
$12,132,000 | 2.33% |
| Citigroup Inc |
10.67%
189,881
|
$12,050,000 | 2.32% |
| Att Inc |
7.71%
628,998
|
$12,020,000 | 2.31% |
| Merck Co Inc |
8.03%
96,277
|
$11,919,000 | 2.29% |
| Verisign Inc. |
1.44%
65,415
|
$11,631,000 | 2.23% |
| Ww Grainger Inc |
10.98%
11,352
|
$10,242,000 | 1.97% |
| Walmart Inc |
17.78%
142,256
|
$9,632,000 | 1.85% |
| Visa Inc |
1.99%
35,174
|
$9,232,000 | 1.77% |
| Kroger Co/the |
6.61%
177,647
|
$8,870,000 | 1.70% |
| Cisco Systems, Inc. |
0.56%
179,218
|
$8,515,000 | 1.64% |
| Stellantis Nv |
16.91%
419,361
|
$8,302,000 | 1.60% |
| HCA Healthcare Inc |
15.11%
25,345
|
$8,143,000 | 1.56% |
| Meta Platforms Inc |
6.78%
15,568
|
$7,850,000 | 1.51% |
| Procter Gamble Co/the |
16.27%
47,355
|
$7,810,000 | 1.50% |
| CVS Health Corp |
5.52%
123,402
|
$7,288,000 | 1.40% |
| Broadcom Inc |
31.97%
4,479
|
$7,191,000 | 1.38% |
| Consolidated Edison, Inc. |
4.27%
77,346
|
$6,916,000 | 1.33% |
| International Business Machines Corp. |
4.31%
39,720
|
$6,870,000 | 1.32% |
| Travelers Cos Inc/the |
1.43%
33,437
|
$6,799,000 | 1.31% |
| Johnson Johnson |
0.06%
46,125
|
$6,742,000 | 1.30% |
| Quest Diagnostics, Inc. |
15.12%
48,484
|
$6,636,000 | 1.28% |
| DaVita Inc |
17.06%
47,637
|
$6,601,000 | 1.27% |
| Vertex Pharmaceuticals, Inc. |
5.74%
13,889
|
$6,510,000 | 1.25% |
| Cigna Corp |
7.19%
18,840
|
$6,228,000 | 1.20% |
| Gilead Sciences, Inc. |
1.75%
90,353
|
$6,199,000 | 1.19% |
| Bristol-Myers Squibb Co. |
2.60%
146,057
|
$6,066,000 | 1.17% |
| Newmont Corp |
29.41%
142,168
|
$5,953,000 | 1.14% |
| Unitedhealth Group Inc |
15.40%
11,646
|
$5,931,000 | 1.14% |
| Albertsons Cos Inc |
4.41%
296,804
|
$5,862,000 | 1.13% |
| Mckesson Corporation |
11.51%
9,839
|
$5,746,000 | 1.10% |
| Pfizer Inc. |
5.83%
201,623
|
$5,641,000 | 1.08% |
| Kraft Heinz Co/the |
0.47%
173,840
|
$5,601,000 | 1.08% |
| HP Inc |
19.48%
156,058
|
$5,465,000 | 1.05% |
| Oracle Corp. |
17.35%
36,198
|
$5,111,000 | 0.98% |
| Public Storage. |
4.67%
17,552
|
$5,049,000 | 0.97% |
| General Mills, Inc. |
4.56%
78,413
|
$4,960,000 | 0.95% |
| J M Smucker Co/the |
0.72%
44,291
|
$4,829,000 | 0.93% |
| Laboratory Corp Of America Holdings |
2.72%
23,473
|
$4,777,000 | 0.92% |
| Skechers Usa Inc |
14.42%
68,675
|
$4,747,000 | 0.91% |
| Qualcomm, Inc. |
32.40%
23,338
|
$4,648,000 | 0.89% |
| Wp Carey Inc |
0.88%
83,181
|
$4,579,000 | 0.88% |
| General Motors Company |
17.50%
94,508
|
$4,391,000 | 0.84% |
| Colgate-Palmolive Co. |
4.92%
42,897
|
$4,163,000 | 0.80% |
| Agnico Eagle Mines Ltd |
30.04%
62,414
|
$4,081,000 | 0.78% |
| Elevance Health Inc |
4.66%
7,525
|
$4,077,000 | 0.78% |
| Medtronic Plc |
7.03%
50,271
|
$3,957,000 | 0.76% |
| Abbvie Inc |
1.69%
22,152
|
$3,800,000 | 0.73% |
| Cardinal Health, Inc. |
27.82%
38,246
|
$3,760,000 | 0.72% |
| Royal Bank Of Canada |
8.84%
35,040
|
$3,730,000 | 0.72% |
| Arrow Electronics Inc. |
10.63%
30,447
|
$3,677,000 | 0.71% |
| Wheaton Precious Metals Corp |
19.29%
66,724
|
$3,498,000 | 0.67% |
| Chevron Corp. |
2.54%
21,269
|
$3,327,000 | 0.64% |
| Autozone Inc. |
15.91%
1,041
|
$3,086,000 | 0.59% |
| Toronto-dominion Bank/the |
1.42%
55,581
|
$3,055,000 | 0.59% |
| Walt Disney Co/the |
38.01%
28,943
|
$2,874,000 | 0.55% |
| Exelon Corp. |
7.16%
83,000
|
$2,873,000 | 0.55% |
| Amazon.com Inc. |
1.40%
14,807
|
$2,861,000 | 0.55% |
| Pepsico Inc |
9.97%
16,074
|
$2,651,000 | 0.51% |
| Sabra Health Care Reit Inc |
13.08%
165,420
|
$2,547,000 | 0.49% |
| Exxon Mobil Corp. |
10.23%
21,929
|
$2,524,000 | 0.48% |
| Kinross Gold Corp. |
33.48%
280,800
|
$2,337,000 | 0.45% |
| Duke Energy Corp. |
5.35%
22,099
|
$2,215,000 | 0.43% |
| Adobe Inc |
8.47%
3,945
|
$2,192,000 | 0.42% |
| Accenture plc |
20.94%
7,174
|
$2,177,000 | 0.42% |
| Marsh Mclennan Cos Inc |
5.76%
10,139
|
$2,136,000 | 0.41% |
| United Parcel Service, Inc. |
18.71%
15,356
|
$2,101,000 | 0.40% |
| Ulta Beauty Inc |
Opened
5,262
|
$2,030,000 | 0.39% |
| Canadian Imperial Bank Of Commerce |
13.64%
41,137
|
$1,956,000 | 0.38% |
| Roivant Sciences Ltd |
11.80%
168,145
|
$1,777,000 | 0.34% |
| Intel Corp. |
10.86%
50,516
|
$1,564,000 | 0.30% |
| Organon Co |
46.48%
69,439
|
$1,437,000 | 0.28% |
| Rio Tinto plc |
28.89%
17,472
|
$1,152,000 | 0.22% |
| Godaddy Inc |
Opened
8,038
|
$1,123,000 | 0.22% |
| Sumitomo Mitsui Financial Group Inc |
17.88%
79,477
|
$1,066,000 | 0.20% |
| Palo Alto Networks Inc |
Closed
2,875
|
$817,000 | |
| Walgreens Boots Alliance Inc |
43.63%
66,599
|
$806,000 | 0.15% |
| Netflix Inc. |
Opened
850
|
$574,000 | 0.11% |
| Mitsubishi UFJ Financial Group, Inc. |
58.18%
46,017
|
$497,000 | 0.10% |
| Jabil Inc |
Opened
4,460
|
$485,000 | 0.09% |
| Mizuho Financial Group, Inc. |
49.32%
113,379
|
$480,000 | 0.09% |
| Viatris Inc. |
8.47%
24,864
|
$264,000 | 0.05% |
| Southern Co/the |
Closed
2,370
|
$170,000 | |
| No transactions found | |||
| Showing first 500 out of 87 holdings | |||
Hedge funds similar to Te Ahumairangi Investment Management Ltd
- Rinet Co
- Winslow, Evans & Crocker
- North Growth Management
- Hefren-tillotson
- Legg Mason Investment Counsel & Trust Co., N.a
- Autus Asset Management
- Front Street Capital Management
- Benjamin Edwards Inc
- Saltoro Capital, L.P.
- Spt Invest Management Sarl
- 10-15 Associates, Inc
- Grosvenor L.L.C
- Mfp Investors
- Lathrop Investment Management Corp