D.b. Root 13F annual report

D.b. Root is an investment fund managing more than $292 billion ran by Dana Zarnich. There are currently 160 companies in Mrs. Zarnich’s portfolio. The largest investments include J P Morgan Exchange Traded F and Schwab Strategic Tr, together worth $93 billion.

$292 billion Assets Under Management (AUM)

As of 8th July 2024, D.b. Root’s top holding is 1,047,764 shares of J P Morgan Exchange Traded F currently worth over $48.5 billion and making up 16.6% of the portfolio value. In addition, the fund holds 718,152 shares of Schwab Strategic Tr worth $44.4 billion. The third-largest holding is Vanguard Specialized Funds worth $13.1 billion and the next is Apple Inc worth $9.84 billion, with 46,704 shares owned.

Currently, D.b. Root's portfolio is worth at least $292 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 D.b. Root

The D.b. Root office and employees reside in Pittsburgh, Pennsylvania. According to the last 13-F report filed with the SEC, Dana Zarnich serves as the CCO at D.b. Root.

Recent trades

In the most recent 13F filing, D.b. Root revealed that it had opened a new position in Schwab Strategic Tr and bought 48,438 shares worth $4.88 billion.

The investment fund also strengthened its position in J P Morgan Exchange Traded F by buying 291,755 additional shares. This makes their stake in J P Morgan Exchange Traded F total 1,047,764 shares worth $48.5 billion.

On the other hand, there are companies that D.b. Root is getting rid of from its portfolio. D.b. Root closed its position in Bristol-Myers Squibb Co on 15th July 2024. It sold the previously owned 18,934 shares for $1.21 billion. Dana Zarnich also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%. This leaves the value of the investment at $44.4 billion and 718,152 shares.

One of the smaller hedge funds

The two most similar investment funds to D.b. Root are Oak Harbor Wealth Partners and Flat Footed. They manage $292 billion and $292 billion respectively.


Dana Zarnich investment strategy

D.b. Root’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 10.4% of the total portfolio value. The fund focuses on investments in the United States as 55.0% 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 49% of the total holdings value. On the other hand, small-cap stocks make up only 4.4% of the portfolio. The average market cap of the portfolio companies is close to $154 billion.

The complete list of D.b. Root trades based on 13F SEC filings

These positions were updated on July 15th 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
J P Morgan Exchange Traded F
38.59%
1,047,764
$48,542,921,000 16.61%
Schwab Strategic Tr
6.23%
718,152
$44,420,388,000 15.20%
Vanguard Specialized Funds
11.30%
71,975
$13,139,091,000 4.50%
Apple Inc
4.15%
46,704
$9,836,890,000 3.37%
John Hancock Exchange Traded
32.01%
114,535
$6,304,047,000 2.16%
Dimensional Etf Trust
38.28%
204,610
$6,070,779,000 2.08%
Dicks Sporting Goods, Inc.
11.43%
26,339
$5,658,934,000 1.94%
Amazon.com Inc.
2.47%
26,788
$5,176,781,000 1.77%
Microsoft Corporation
6.73%
11,051
$4,939,544,000 1.69%
Schwab Strategic Tr
Opened
48,438
$4,884,515,000 1.67%
Select Sector Spdr Tr
29.58%
49,598
$6,820,352,000 2.33%
Vanguard Index Fds
51.08%
25,692
$9,075,426,000 3.11%
Innovator ETFs Trust
456.95%
152,193
$4,826,746,000 1.65%
Vanguard Scottsdale Fds
20.03%
55,830
$4,314,309,000 1.48%
Automatic Data Processing In
11.23%
17,817
$4,252,871,000 1.46%
NVIDIA Corp
984.56%
26,344
$3,254,538,000 1.11%
Costco Whsl Corp New
5.73%
3,577
$3,040,625,000 1.04%
Alphabet Inc
28.07%
20,324
$3,706,825,000 1.27%
Meta Platforms Inc
22.75%
5,393
$2,719,260,000 0.93%
Innovator ETFs Trust
Opened
123,595
$3,487,564,000 1.19%
Walmart Inc
155.33%
38,928
$2,635,844,000 0.90%
RH
22.41%
8,539
$2,087,273,000 0.71%
Exxon Mobil Corp.
20.34%
17,453
$2,009,293,000 0.69%
Coca-Cola Co
14.72%
28,779
$1,831,819,000 0.63%
Spdr Gold Tr
32.74%
8,477
$1,822,640,000 0.62%
Berkshire Hathaway Inc.
24.54%
4,037
$2,254,086,000 0.77%
Qualcomm, Inc.
34.41%
8,107
$1,614,883,000 0.55%
CSX Corp.
80.52%
45,373
$1,517,747,000 0.52%
Home Depot, Inc.
22.21%
4,309
$1,483,433,000 0.51%
Eaton Corp Plc
38.14%
4,687
$1,469,609,000 0.50%
Mastercard Incorporated
15.66%
3,211
$1,416,565,000 0.48%
Starbucks Corp.
38.01%
17,919
$1,395,001,000 0.48%
Select Sector Spdr Tr
Opened
15,304
$1,310,941,000 0.45%
J & J Snack Foods Corp
10.41%
8,009
$1,300,421,000 0.44%
Stryker Corp.
5.41%
3,798
$1,292,412,000 0.44%
Spdr S&p 500 Etf Tr
Opened
2,367
$1,288,567,000 0.44%
Ppg Inds Inc
30.98%
9,911
$1,247,819,000 0.43%
Bristol-Myers Squibb Co.
Closed
18,934
$1,210,855,000
Tractor Supply Co.
9.47%
4,484
$1,210,854,000 0.41%
Caci International Inc.
5.92%
2,748
$1,181,997,000 0.40%
Emcor Group, Inc.
44.27%
3,236
$1,181,473,000 0.40%
Chevron Corp.
26.75%
7,513
$1,175,188,000 0.40%
Lockheed Martin Corp.
25.33%
2,432
$1,136,037,000 0.39%
Simpson Mfg Inc
23.30%
6,701
$1,129,320,000 0.39%
Southern Copper Corporation
39.72%
10,420
$1,122,651,000 0.38%
Nike, Inc.
21.00%
14,581
$1,099,006,000 0.38%
Aptargroup Inc.
0.89%
7,636
$1,075,225,000 0.37%
Mcdonalds Corp
28.05%
4,171
$1,062,970,000 0.36%
Factset Resh Sys Inc
9.18%
2,534
$1,034,556,000 0.35%
Graco Inc.
12.31%
13,046
$1,034,287,000 0.35%
Valmont Inds Inc
23.39%
3,640
$998,998,000 0.34%
Littelfuse, Inc.
10.80%
3,869
$988,878,000 0.34%
RTX Corp
34.68%
9,716
$975,389,000 0.33%
Williams Cos Inc
40.56%
22,879
$972,358,000 0.33%
Johnson & Johnson
12.96%
6,606
$965,533,000 0.33%
Old Rep Intl Corp
38.36%
31,179
$963,431,000 0.33%
Philip Morris International Inc
290.71%
9,338
$946,290,000 0.32%
Visa Inc
14.08%
3,559
$934,131,000 0.32%
Main Str Cap Corp
42.77%
18,089
$913,314,000 0.31%
Pnc Finl Svcs Group Inc
34.76%
5,827
$906,063,000 0.31%
Smucker J M Co
53.68%
8,222
$896,527,000 0.31%
Verizon Communications Inc
34.63%
21,363
$881,082,000 0.30%
Innovator Etfs Tr
Closed
39,587
$1,251,394,000
ServiceNow Inc
20.01%
1,107
$870,844,000 0.30%
Corning, Inc.
41.46%
22,207
$862,769,000 0.30%
Cummins Inc.
41.25%
3,061
$847,683,000 0.29%
Trimble Inc
3.72%
15,046
$841,372,000 0.29%
L3Harris Technologies Inc
71.15%
3,738
$839,480,000 0.29%
Union Pac Corp
16.52%
3,639
$823,360,000 0.28%
Pepsico Inc
80.98%
4,814
$794,073,000 0.27%
Ishares Tr
Closed
33,721
$1,180,053,000
Unilever plc
Closed
14,889
$776,164,000
Taiwan Semiconductor Mfg Ltd
21.10%
4,428
$769,631,000 0.26%
Bhp Group Ltd
44.97%
12,618
$720,363,000 0.25%
Cisco Sys Inc
45.24%
14,756
$701,104,000 0.24%
Electronic Arts, Inc.
20.07%
4,982
$694,142,000 0.24%
Sysco Corp.
38.32%
9,389
$670,317,000 0.23%
Astrazeneca plc
Opened
8,574
$668,686,000 0.23%
Duke Energy Corp.
46.59%
6,557
$657,283,000 0.22%
Vanguard Index Fds
Closed
3,942
$651,966,000
Broadridge Finl Solutions In
0.12%
3,246
$639,462,000 0.22%
Micron Technology Inc.
68.19%
4,824
$634,501,000 0.22%
Sonoco Prods Co
34.46%
12,478
$632,884,000 0.22%
Medtronic Plc
Closed
7,156
$630,444,000
JPMorgan Chase & Co.
Opened
3,083
$623,729,000 0.21%
Trane Technologies plc
15.62%
1,869
$614,770,000 0.21%
FMC Corp.
Closed
5,818
$607,050,000
Moodys Corp
27.26%
1,441
$606,560,000 0.21%
Tesla Inc
55.57%
3,005
$594,629,000 0.20%
Dow Inc
57.38%
11,047
$586,043,000 0.20%
Intel Corp.
50.91%
18,349
$568,298,000 0.19%
Copart, Inc.
37.71%
10,100
$547,016,000 0.19%
Toro Co.
0.52%
5,830
$545,163,000 0.19%
Fiserv, Inc.
Opened
3,628
$540,717,000 0.19%
Idexx Labs Inc
Closed
1,076
$540,399,000
Asml Holding N V
34.53%
512
$523,638,000 0.18%
Dollar Gen Corp New
Closed
3,080
$522,922,000
Netflix Inc.
32.46%
772
$521,007,000 0.18%
Becton Dickinson & Co.
54.53%
2,213
$517,404,000 0.18%
Ares Capital Corp
Opened
24,826
$517,374,000 0.18%
Howmet Aerospace Inc.
Opened
6,592
$511,737,000 0.18%
HDFC Bank Ltd.
Opened
7,942
$510,909,000 0.17%
Procter And Gamble Co
Opened
3,080
$507,954,000 0.17%
Nutrien Ltd
51.40%
9,826
$500,242,000 0.17%
Unitedhealth Group Inc
Opened
960
$488,890,000 0.17%
Vertex Pharmaceuticals, Inc.
32.88%
1,035
$485,125,000 0.17%
Enbridge Inc
58.50%
13,586
$483,526,000 0.17%
Norfolk Southn Corp
Closed
2,125
$481,845,000
Schwab Strategic Tr
Closed
24,467
$477,837,000
Ishares Tr
16.75%
4,726
$1,090,452,000 0.37%
Intercontinental Exchange In
18.10%
3,419
$468,027,000 0.16%
Novartis AG
Closed
4,537
$457,829,000
Enviri Corp
No change
53,026
$457,614,000 0.16%
Intuitive Surgical Inc
8.57%
1,024
$455,526,000 0.16%
Constellation Brands, Inc.
Opened
1,743
$448,439,000 0.15%
Ollies Bargain Outlet Hldgs
26.07%
4,489
$440,685,000 0.15%
Diageo plc
55.00%
3,395
$428,084,000 0.15%
S&P Global Inc
45.80%
955
$425,930,000 0.15%
Super Micro Computer Inc
Opened
519
$425,243,000 0.15%
Wp Carey Inc
62.48%
7,631
$420,125,000 0.14%
MercadoLibre Inc
Opened
255
$419,067,000 0.14%
Canadian Natl Ry Co
35.76%
3,546
$418,889,000 0.14%
Evergy Inc
34.85%
7,774
$411,789,000 0.14%
Broadcom Inc.
Opened
248
$398,171,000 0.14%
Ishares Tr
Opened
11,517
$765,548,000 0.26%
Public Svc Enterprise Grp In
Opened
5,323
$392,356,000 0.13%
Mondelez International Inc.
40.02%
5,995
$392,313,000 0.13%
Dominion Energy Inc
51.07%
7,946
$389,384,000 0.13%
Northrop Grumman Corp.
11.68%
892
$388,867,000 0.13%
MSCI Inc
Opened
804
$387,327,000 0.13%
Barrick Gold Corp.
68.89%
23,175
$386,559,000 0.13%
United Parcel Service, Inc.
62.40%
2,802
$383,454,000 0.13%
MongoDB Inc
Closed
925
$380,166,000
Biomarin Pharmaceutical Inc.
Closed
4,373
$379,052,000
Humana Inc.
Opened
1,013
$378,507,000 0.13%
Thermo Fisher Scientific Inc.
7.81%
676
$373,828,000 0.13%
Blackrock Inc.
Opened
472
$371,615,000 0.13%
Merck & Co Inc
45.97%
2,991
$370,286,000 0.13%
Applied Matls Inc
42.85%
1,538
$362,953,000 0.12%
Select Sector Spdr Tr
Closed
8,121
$705,701,000
Douglas Dynamics Inc
3.94%
15,071
$352,661,000 0.12%
Sempra
187.63%
4,628
$352,006,000 0.12%
CVS Health Corp
63.97%
5,910
$349,045,000 0.12%
Fidelity Covington Trust
No change
5,983
$346,655,000 0.12%
Brookfield Infrastructure Corporation
58.72%
10,205
$343,500,000 0.12%
Oshkosh Corp
47.71%
3,165
$342,453,000 0.12%
Intuit Inc
Closed
745
$341,352,000
Eli Lilly & Co
Opened
367
$332,339,000 0.11%
Paychex Inc.
0.99%
2,757
$326,870,000 0.11%
Epam Sys Inc
Opened
1,711
$321,856,000 0.11%
Monro Inc
14.10%
13,307
$317,505,000 0.11%
Alcon Ag
15.41%
3,562
$317,363,000 0.11%
Cboe Global Mkts Inc
Closed
2,264
$312,455,000
Vanguard Scottsdale Fds
Opened
5,339
$309,609,000 0.11%
Rentokil Initial Plc
Closed
7,874
$307,165,000
Masco Corp.
64.99%
4,567
$304,482,000 0.10%
Globant S.A.
Opened
1,694
$301,972,000 0.10%
Atlassian Corporation
Opened
1,658
$293,267,000 0.10%
Caterpillar Inc.
Opened
868
$289,131,000 0.10%
Waste Mgmt Inc Del
Opened
1,342
$286,379,000 0.10%
Illumina Inc
Closed
1,511
$283,297,000
Marriott Intl Inc New
Opened
1,161
$280,695,000 0.10%
Invesco Exchange Traded Fd T
Opened
1,630
$267,776,000 0.09%
Paccar Inc.
4.58%
2,542
$261,775,000 0.09%
Fidelity Merrimack Str Tr
62.91%
5,767
$259,111,000 0.09%
Progressive Corp.
Opened
1,237
$256,937,000 0.09%
Vanguard World Fd
0.87%
932
$247,912,000 0.08%
Hershey Company
Opened
1,348
$247,811,000 0.08%
Salesforce Inc
53.31%
918
$236,025,000 0.08%
Fox Factory Hldg Corp
Opened
4,861
$234,252,000 0.08%
Vanguard Bd Index Fds
Closed
3,220
$234,052,000
Accenture Plc Ireland
Opened
751
$227,861,000 0.08%
Chipotle Mexican Grill
Opened
3,628
$227,294,000 0.08%
Fedex Corp
Opened
757
$227,237,000 0.08%
Vanguard World Fd
Opened
382
$220,257,000 0.08%
Kite Rlty Group Tr
1.78%
9,712
$217,355,000 0.07%
Koppers Holdings Inc
85.57%
5,705
$211,028,000 0.07%
Capital One Finl Corp
Opened
1,507
$208,644,000 0.07%
Invesco Exch Traded Fd Tr Ii
19.51%
3,148
$204,472,000 0.07%
Fs Credit Opportunities Corp
Closed
31,959
$151,805,000
Aquestive Therapeutics Inc
Closed
12,950
$21,368,000
AIM ImmunoTech Inc
No change
12,050
$4,491,000 0.00%
AquaBounty Technologies Inc
Closed
11,350
$4,029,000
No transactions found
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