Inlet Private Wealth 13F annual report
Inlet Private Wealth is an investment fund managing more than $365 billion ran by Ted Furniss. There are currently 123 companies in Mr. Furniss’s portfolio. The largest investments include Apple Inc and Microsoft, together worth $36.8 billion.
$365 billion Assets Under Management (AUM)
As of 16th July 2024, Inlet Private Wealth’s top holding is 89,853 shares of Apple Inc currently worth over $18.9 billion and making up 5.2% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Inlet Private Wealth owns more than approximately 0.1% of the company.
In addition, the fund holds 40,094 shares of Microsoft worth $17.9 billion, whose value grew 9.6% in the past six months.
The third-largest holding is Berkshire Hathaway worth $14.2 billion and the next is Mckesson worth $13.2 billion, with 22,610 shares owned.
Currently, Inlet Private Wealth's portfolio is worth at least $365 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 Inlet Private Wealth
The Inlet Private Wealth office and employees reside in Jupiter, Florida. According to the last 13-F report filed with the SEC, Ted Furniss serves as the Chief Compliance Officer at Inlet Private Wealth.
Recent trades
In the most recent 13F filing, Inlet Private Wealth revealed that it had opened a new position in
Wk Kellogg Co and bought 310,540 shares worth $5.11 billion.
The investment fund also strengthened its position in Microsoft by buying
418 additional shares.
This makes their stake in Microsoft total 40,094 shares worth $17.9 billion.
Microsoft dropped approximately 0.1% in the past year.
On the other hand, there are companies that Inlet Private Wealth is getting rid of from its portfolio.
Inlet Private Wealth closed its position in Laboratory Corp Amer Hldgs on 23rd July 2024.
It sold the previously owned 16,537 shares for $3.32 billion.
Ted Furniss also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $18.9 billion and 89,853 shares.
One of the smaller hedge funds
The two most similar investment funds to Inlet Private Wealth are Logan Stone Capital and Kickstand Ventures,. They manage $365 billion and $365 billion respectively.
Ted Furniss investment strategy
Inlet Private Wealth’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Health Care — making up 17.0% of
the total portfolio value.
The fund focuses on investments in the United States as
60.2% 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
59% of the total holdings value.
On the other hand, small-cap stocks make up only 1.6% of the portfolio.
The average market cap of the portfolio companies is close to $169 billion.
The complete list of Inlet Private Wealth trades based on 13F SEC filings
These positions were updated on July 23rd 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 |
2.10%
89,853
|
$18,924,757,000 | 5.18% |
| Microsoft Corporation |
1.05%
40,094
|
$17,920,072,000 | 4.90% |
| Berkshire Hathaway Inc. |
2.74%
34,992
|
$14,234,831,000 | 3.90% |
| Mckesson Corporation |
1.01%
22,610
|
$13,205,384,000 | 3.61% |
| JPMorgan Chase & Co. |
3.51%
53,789
|
$10,879,435,000 | 2.98% |
| Qualcomm, Inc. |
0.24%
50,408
|
$10,040,265,000 | 2.75% |
| Seagate Technology Hldngs Pl |
6.40%
85,535
|
$8,833,199,000 | 2.42% |
| Waste Mgmt Inc Del |
1.29%
40,181
|
$8,572,215,000 | 2.35% |
| Alphabet Inc |
0.21%
72,251
|
$13,219,797,000 | 3.62% |
| AMGEN Inc. |
6.83%
23,481
|
$7,336,730,000 | 2.01% |
| Cisco Sys Inc |
0.85%
153,404
|
$7,288,215,000 | 1.99% |
| D.R. Horton Inc. |
2.14%
49,610
|
$6,991,537,000 | 1.91% |
| Fidelity Natl Information Sv |
26.15%
92,025
|
$6,935,004,000 | 1.90% |
| Citigroup Inc |
1.95%
101,880
|
$6,465,305,000 | 1.77% |
| Merck & Co Inc |
2.34%
51,788
|
$6,411,354,000 | 1.75% |
| Altria Group Inc. |
7.37%
134,033
|
$6,105,212,000 | 1.67% |
| DaVita Inc |
5.31%
42,940
|
$5,950,196,000 | 1.63% |
| LKQ Corp |
3.46%
139,386
|
$5,797,064,000 | 1.59% |
| Bank America Corp |
7.16%
144,990
|
$5,766,271,000 | 1.58% |
| United Parcel Service, Inc. |
10.57%
42,048
|
$5,754,269,000 | 1.57% |
| Koninklijke Philips N.V. |
8.81%
225,861
|
$5,691,697,000 | 1.56% |
| CME Group Inc |
2.37%
28,816
|
$5,665,169,000 | 1.55% |
| GE Aerospace |
26.11%
34,671
|
$5,511,649,000 | 1.51% |
| Sony Group Corp |
5.79%
60,850
|
$5,169,208,000 | 1.41% |
| Federated Hermes Inc |
9.50%
157,100
|
$5,165,448,000 | 1.41% |
| Wk Kellogg Co |
Opened
310,540
|
$5,111,488,000 | 1.40% |
| Medtronic Plc |
3.23%
64,294
|
$5,060,581,000 | 1.38% |
| Costco Whsl Corp New |
2.98%
5,370
|
$4,564,516,000 | 1.25% |
| British Amern Tob Plc |
28.82%
145,578
|
$4,502,728,000 | 1.23% |
| Carmax Inc |
2.22%
58,630
|
$4,299,924,000 | 1.18% |
| CVS Health Corp |
120.49%
70,171
|
$4,144,274,000 | 1.13% |
| Suncor Energy, Inc. |
0.64%
107,455
|
$4,094,036,000 | 1.12% |
| Flutter Entmt Plc |
Opened
21,967
|
$4,005,902,000 | 1.10% |
| Union Pac Corp |
4.80%
16,981
|
$3,842,121,000 | 1.05% |
| Oracle Corp. |
1.22%
26,271
|
$3,709,457,000 | 1.02% |
| Ituran Location And Control Ltd. |
284.03%
141,900
|
$3,496,416,000 | 0.96% |
| Laboratory Corp Amer Hldgs |
Closed
16,537
|
$3,324,764,000 | |
| Labcorp Holdings Inc. |
Opened
15,817
|
$3,218,918,000 | 0.88% |
| Blackrock Inc. |
6.05%
3,926
|
$3,091,018,000 | 0.85% |
| Delta Air Lines, Inc. |
6.44%
62,850
|
$2,981,604,000 | 0.82% |
| Apple Hospitality REIT Inc |
4.52%
196,575
|
$2,858,201,000 | 0.78% |
| Abbvie Inc |
0.55%
16,467
|
$2,824,420,000 | 0.77% |
| Crown Castle Inc |
Opened
28,763
|
$2,810,190,000 | 0.77% |
| Price T Rowe Group Inc |
7.80%
22,467
|
$2,590,670,000 | 0.71% |
| Intuit Inc |
No change
3,828
|
$2,515,872,000 | 0.69% |
| Exxon Mobil Corp. |
4.73%
21,403
|
$2,463,963,000 | 0.67% |
| Sensata Technologies Hldg Pl |
Closed
64,450
|
$2,437,499,000 | |
| Emerson Elec Co |
7.72%
22,099
|
$2,434,426,000 | 0.67% |
| Mastercard Incorporated |
0.41%
5,394
|
$2,379,762,000 | 0.65% |
| Pepsico Inc |
8.54%
14,136
|
$2,331,450,000 | 0.64% |
| Molson Coors Beverage Company |
4.20%
45,620
|
$2,318,865,000 | 0.63% |
| Johnson & Johnson |
3.26%
15,687
|
$2,292,866,000 | 0.63% |
| Bristol-Myers Squibb Co. |
13.86%
54,891
|
$2,279,623,000 | 0.62% |
| American Express Co. |
0.99%
9,751
|
$2,257,844,000 | 0.62% |
| EBay Inc. |
21.49%
42,025
|
$2,257,583,000 | 0.62% |
| Bank New York Mellon Corp |
15.49%
36,550
|
$2,188,980,000 | 0.60% |
| Chevron Corp. |
66.64%
13,748
|
$2,150,462,000 | 0.59% |
| Wheaton Precious Metals Corp |
1.01%
39,070
|
$2,048,049,000 | 0.56% |
| Target Corp |
11.56%
13,766
|
$2,037,919,000 | 0.56% |
| Procter And Gamble Co |
6.02%
12,043
|
$1,986,161,000 | 0.54% |
| HP Inc |
No change
54,400
|
$1,905,088,000 | 0.52% |
| Tanger Inc. |
49.93%
69,300
|
$1,878,723,000 | 0.51% |
| Unilever plc |
35.30%
33,426
|
$1,838,096,000 | 0.50% |
| Newmont Corp |
27.81%
43,120
|
$1,805,434,000 | 0.49% |
| Pfizer Inc. |
18.80%
60,243
|
$1,685,599,000 | 0.46% |
| Blackstone Secd Lending Fd |
152.89%
54,574
|
$1,671,056,000 | 0.46% |
| Norfolk Southn Corp |
No change
7,700
|
$1,653,113,000 | 0.45% |
| Kinder Morgan Inc |
8.11%
82,700
|
$1,643,249,000 | 0.45% |
| International Business Machs |
2.64%
9,317
|
$1,611,375,000 | 0.44% |
| Ishares Gold Tr |
Opened
35,934
|
$1,578,581,000 | 0.43% |
| Walmart Inc |
204.17%
21,900
|
$1,482,849,000 | 0.41% |
| Lockheed Martin Corp. |
4.93%
2,894
|
$1,351,787,000 | 0.37% |
| Vitesse Energy Inc |
21.88%
56,251
|
$1,333,149,000 | 0.36% |
| Amazon.com Inc. |
18.37%
6,554
|
$1,266,600,000 | 0.35% |
| Pulte Group Inc |
7.00%
11,300
|
$1,244,130,000 | 0.34% |
| AT&T Inc. |
4.70%
54,350
|
$1,038,629,000 | 0.28% |
| Advance Auto Parts Inc |
45.04%
16,110
|
$1,020,246,000 | 0.28% |
| Paychex Inc. |
Opened
8,300
|
$984,048,000 | 0.27% |
| Grainger W W Inc |
No change
1,000
|
$902,240,000 | 0.25% |
| Progressive Corp. |
No change
4,343
|
$902,085,000 | 0.25% |
| Lowes Cos Inc |
8.92%
4,043
|
$891,393,000 | 0.24% |
| SS&C Technologies Holdings Inc |
Opened
14,125
|
$885,214,000 | 0.24% |
| Broadcom Inc |
17.10%
538
|
$864,016,000 | 0.24% |
| Us Bancorp Del |
Closed
25,970
|
$858,568,000 | |
| Cummins Inc. |
28.55%
3,003
|
$831,621,000 | 0.23% |
| Verizon Communications Inc |
42.27%
19,594
|
$808,057,000 | 0.22% |
| Aflac Inc. |
No change
8,900
|
$794,859,000 | 0.22% |
| Danaher Corp. |
16.05%
3,076
|
$768,564,000 | 0.21% |
| PayPal Holdings Inc |
No change
13,035
|
$756,421,000 | 0.21% |
| Automatic Data Processing In |
2.32%
3,036
|
$724,765,000 | 0.20% |
| Meta Platforms Inc |
3.89%
1,415
|
$713,245,000 | 0.20% |
| Travelers Companies Inc. |
8.86%
3,190
|
$648,701,000 | 0.18% |
| Booking Holdings Inc |
68.75%
162
|
$640,987,000 | 0.18% |
| Coca-Cola Co |
1.92%
9,413
|
$599,169,000 | 0.16% |
| Walgreens Boots Alliance Inc |
16.94%
47,820
|
$578,383,000 | 0.16% |
| Starbucks Corp. |
Opened
7,300
|
$568,305,000 | 0.16% |
| Illinois Tool Wks Inc |
No change
2,300
|
$545,008,000 | 0.15% |
| WPP Plc. |
Opened
11,550
|
$528,759,000 | 0.14% |
| Ishares Tr |
4.42%
13,615
|
$1,520,222,000 | 0.42% |
| Invesco Exchange Traded Fd T |
Opened
2,804
|
$460,641,000 | 0.13% |
| Hewlett Packard Enterprise C |
17.76%
20,590
|
$435,890,000 | 0.12% |
| Ishares Tr |
Closed
4,476
|
$433,814,000 | |
| Whirlpool Corp. |
77.98%
4,030
|
$411,866,000 | 0.11% |
| Ge Vernova Inc |
Opened
2,382
|
$408,537,000 | 0.11% |
| Discover Finl Svcs |
Opened
3,110
|
$406,819,000 | 0.11% |
| Philip Morris International Inc |
50.23%
3,958
|
$401,064,000 | 0.11% |
| Trane Technologies plc |
No change
1,204
|
$396,032,000 | 0.11% |
| Cannae Holdings Inc |
55.46%
20,000
|
$362,800,000 | 0.10% |
| Vanguard Index Fds |
18.20%
674
|
$337,088,000 | 0.09% |
| Becton Dickinson & Co. |
No change
1,400
|
$327,194,000 | 0.09% |
| Cardinal Health, Inc. |
Closed
3,765
|
$326,877,000 | |
| Abbott Labs |
16.83%
2,966
|
$308,197,000 | 0.08% |
| Markel Group Inc |
Opened
191
|
$300,951,000 | 0.08% |
| Diageo plc |
5.62%
2,367
|
$298,378,000 | 0.08% |
| Zoetis Inc |
0.85%
1,669
|
$289,423,000 | 0.08% |
| Air Prods & Chems Inc |
12.67%
1,067
|
$275,339,000 | 0.08% |
| Canadian Pacific Kansas City |
Closed
3,595
|
$267,504,000 | |
| RTX Corp |
Opened
2,630
|
$264,026,000 | 0.07% |
| Fortrea Hldgs Inc |
Closed
9,170
|
$262,170,000 | |
| Conocophillips |
0.85%
2,124
|
$242,968,000 | 0.07% |
| Intel Corp. |
61.47%
7,744
|
$239,832,000 | 0.07% |
| Arcos Dorados Holdings Inc |
No change
26,388
|
$237,492,000 | 0.06% |
| Novartis AG |
31.60%
2,229
|
$237,299,000 | 0.06% |
| Omnicom Group, Inc. |
44.68%
2,600
|
$233,220,000 | 0.06% |
| Ge Healthcare Technologies I |
17.37%
2,968
|
$231,267,000 | 0.06% |
| Analog Devices Inc. |
Opened
997
|
$227,575,000 | 0.06% |
| Vanguard Star Fds |
28.32%
3,772
|
$227,452,000 | 0.06% |
| Thermo Fisher Scientific Inc. |
Opened
410
|
$226,847,000 | 0.06% |
| Eaton Corp Plc |
54.44%
692
|
$216,848,000 | 0.06% |
| Tellurian Inc |
Opened
10,000
|
$6,926,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 130 holdings | |||
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