Provident Investment Management 13F annual report
Provident Investment Management is an investment fund managing more than $1.1 trillion ran by Scott Horsburgh. There are currently 72 companies in Mr. Horsburgh’s portfolio. The largest investments include Microsoft and Alphabet Inc, together worth $155 billion.
$1.1 trillion Assets Under Management (AUM)
As of 31st July 2024, Provident Investment Management’s top holding is 173,774 shares of Microsoft currently worth over $77.7 billion and making up 7.1% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Provident Investment Management owns more than approximately 0.1% of the company.
In addition, the fund holds 423,805 shares of Alphabet Inc worth $77.7 billion, whose value grew 9.5% in the past six months.
The third-largest holding is Vertex Pharmaceuticals worth $74.9 billion and the next is Copart worth $72.4 billion, with 1,337,620 shares owned.
Currently, Provident Investment Management's portfolio is worth at least $1.1 trillion. 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 Provident Investment Management
The Provident Investment Management office and employees reside in Novi, Michigan. According to the last 13-F report filed with the SEC, Scott Horsburgh serves as the President at Provident Investment Management.
Recent trades
In the most recent 13F filing, Provident Investment Management revealed that it had opened a new position in
Take-two Interactive Softwar and bought 160,790 shares worth $25 billion.
The investment fund also strengthened its position in Visa Inc by buying
792 additional shares.
This makes their stake in Visa Inc total 271,054 shares worth $71.1 billion.
Visa Inc soared 6.2% in the past year.
On the other hand, there are companies that Provident Investment Management is getting rid of from its portfolio.
Provident Investment Management closed its position in Cnh Indl N V on 7th August 2024.
It sold the previously owned 55,755 shares for $723 million.
Scott Horsburgh also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $77.7 billion and 173,774 shares.
One of the average hedge funds
The two most similar investment funds to Provident Investment Management are Beese Fulmer Investment Management, Inc and Digitalbridge. They manage $1.1 trillion and $1.1 trillion respectively.
Scott Horsburgh investment strategy
Provident Investment Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 22.3% of
the total portfolio value.
The fund focuses on investments in the United States as
63.9% 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
57% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $219 billion.
The complete list of Provident Investment Management trades based on 13F SEC filings
These positions were updated on August 7th 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 |
2.02%
173,774
|
$77,668,223,000 | 7.07% |
| Alphabet Inc |
4.49%
423,805
|
$77,723,654,000 | 7.07% |
| Vertex Pharmaceuticals, Inc. |
0.16%
159,862
|
$74,930,517,000 | 6.82% |
| Copart, Inc. |
0.59%
1,337,620
|
$72,445,499,000 | 6.59% |
| Visa Inc |
0.29%
271,054
|
$71,143,526,000 | 6.48% |
| Corpay Inc |
0.58%
217,823
|
$58,030,225,000 | 5.28% |
| Fastenal Co. |
0.41%
881,752
|
$55,409,299,000 | 5.04% |
| Booking Holdings Inc |
2.85%
13,341
|
$52,850,737,000 | 4.81% |
| Air Lease Corp |
10.90%
1,044,355
|
$49,638,196,000 | 4.52% |
| Schwab Charles Corp |
1.94%
643,223
|
$47,399,103,000 | 4.31% |
| Blackrock Inc. |
0.06%
58,136
|
$45,771,998,000 | 4.17% |
| D.R. Horton Inc. |
1.43%
324,320
|
$45,706,483,000 | 4.16% |
| Unitedhealth Group Inc |
1.12%
89,028
|
$45,338,469,000 | 4.13% |
| MGM Resorts International |
0.07%
1,018,876
|
$45,278,858,000 | 4.12% |
| Intercontinental Exchange In |
4.55%
317,006
|
$43,394,951,000 | 3.95% |
| Edwards Lifesciences Corp |
1.28%
447,549
|
$41,340,101,000 | 3.76% |
| Align Technology, Inc. |
2.31%
155,524
|
$37,548,159,000 | 3.42% |
| Timken Co. |
2.02%
355,072
|
$28,451,919,000 | 2.59% |
| Oreilly Automotive Inc |
0.01%
26,316
|
$27,791,275,000 | 2.53% |
| Amazon.com Inc. |
5,730.17%
134,094
|
$25,913,666,000 | 2.36% |
| Take-two Interactive Softwar |
Opened
160,790
|
$25,001,237,000 | 2.28% |
| S&P Global Inc |
No change
10,682
|
$4,764,172,000 | 0.43% |
| Roper Technologies Inc |
No change
5,500
|
$3,100,130,000 | 0.28% |
| Essex Ppty Tr Inc |
2.63%
11,169
|
$3,040,202,000 | 0.28% |
| Mcdonalds Corp |
1.58%
10,900
|
$2,777,756,000 | 0.25% |
| Apple Inc |
25.99%
9,099
|
$1,916,458,000 | 0.17% |
| Ishares Tr |
0.80%
20,660
|
$2,519,749,000 | 0.23% |
| Exxon Mobil Corp. |
3.93%
15,294
|
$1,760,645,000 | 0.16% |
| Abbott Labs |
6.71%
15,407
|
$1,600,941,000 | 0.15% |
| NICE Ltd |
94.99%
9,134
|
$1,570,774,000 | 0.14% |
| Dollar Gen Corp New |
No change
11,075
|
$1,464,447,000 | 0.13% |
| PayPal Holdings Inc |
0.46%
21,718
|
$1,260,296,000 | 0.11% |
| Coca-Cola Co |
1.65%
17,900
|
$1,139,335,000 | 0.10% |
| Chevron Corp. |
2.99%
6,710
|
$1,049,578,000 | 0.10% |
| Northern Tr Corp |
2.08%
11,750
|
$986,765,000 | 0.09% |
| Colgate-Palmolive Co. |
No change
9,958
|
$966,324,000 | 0.09% |
| Gilead Sciences, Inc. |
No change
14,000
|
$960,540,000 | 0.09% |
| Nexstar Media Group Inc |
30.18%
5,564
|
$923,680,000 | 0.08% |
| NVIDIA Corp |
1,023.08%
7,300
|
$901,842,000 | 0.08% |
| Artisan Partners Asset Mgmt |
4.81%
20,910
|
$862,956,000 | 0.08% |
| Vail Resorts Inc. |
9.73%
4,511
|
$812,566,000 | 0.07% |
| Essent Group Ltd |
2.52%
14,060
|
$790,031,000 | 0.07% |
| Abbvie Inc |
6.16%
4,568
|
$783,503,000 | 0.07% |
| Costco Whsl Corp New |
84.00%
920
|
$781,991,000 | 0.07% |
| Skyworks Solutions, Inc. |
No change
6,937
|
$739,345,000 | 0.07% |
| Broadcom Inc. |
3.20%
454
|
$728,911,000 | 0.07% |
| Stryker Corp. |
No change
2,140
|
$728,135,000 | 0.07% |
| Cnh Indl N V |
Closed
55,755
|
$722,585,000 | |
| Truist Finl Corp |
25.88%
18,530
|
$719,891,000 | 0.07% |
| Price T Rowe Group Inc |
1.30%
6,232
|
$718,612,000 | 0.07% |
| Comcast Corp New |
0.41%
18,240
|
$714,278,000 | 0.07% |
| Coterra Energy Inc |
1.31%
26,315
|
$701,821,000 | 0.06% |
| GSK Plc |
171.01%
17,670
|
$680,295,000 | 0.06% |
| Lamar Advertising Co |
177.85%
5,632
|
$673,193,000 | 0.06% |
| Northrop Grumman Corp. |
Opened
1,520
|
$662,644,000 | 0.06% |
| Conocophillips |
No change
5,500
|
$629,090,000 | 0.06% |
| Ball Corp. |
2.61%
10,410
|
$624,808,000 | 0.06% |
| Douglas Dynamics Inc |
Closed
24,065
|
$580,448,000 | |
| Crown Castle Inc |
14.17%
5,880
|
$574,476,000 | 0.05% |
| Concentrix Corporation |
1.04%
8,715
|
$551,485,000 | 0.05% |
| Berkshire Hathaway Inc. |
38.39%
1,287
|
$523,552,000 | 0.05% |
| Factset Resh Sys Inc |
No change
1,095
|
$447,056,000 | 0.04% |
| Johnson & Johnson |
0.11%
2,650
|
$387,324,000 | 0.04% |
| Procter And Gamble Co |
1.05%
2,223
|
$366,617,000 | 0.03% |
| Americas Car Mart, Inc. |
No change
5,095
|
$306,770,000 | 0.03% |
| Spdr Gold Tr |
No change
1,260
|
$270,913,000 | 0.02% |
| Home Depot, Inc. |
No change
775
|
$266,786,000 | 0.02% |
| Vanguard Index Fds |
No change
946
|
$253,064,000 | 0.02% |
| Cummins Inc. |
9.97%
903
|
$250,068,000 | 0.02% |
| Paychex Inc. |
No change
1,800
|
$213,408,000 | 0.02% |
| Qualcomm, Inc. |
Opened
1,020
|
$203,164,000 | 0.02% |
| Ford Mtr Co Del |
No change
14,065
|
$176,375,000 | 0.02% |
| Clear Channel Outdoor Hldgs |
5.86%
36,070
|
$50,859,000 | 0.00% |
| Qurate Retail Inc |
No change
12,000
|
$7,560,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 74 holdings | |||
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