Cordant 13F annual report
Cordant is an investment fund managing more than $172 billion ran by Brenda Mccombs. There are currently 36 companies in Mrs. Mccombs’s portfolio. The largest investments include Vanguard Tax-managed Fds and Vanguard Scottsdale Fds, together worth $72.6 billion.
$172 billion Assets Under Management (AUM)
As of 9th April 2024, Cordant’s top holding is 493,417 shares of Vanguard Tax-managed Fds currently worth over $24.8 billion and making up 14.4% of the portfolio value.
In addition, the fund holds 714,339 shares of Vanguard Scottsdale Fds worth $47.9 billion.
The third-largest holding is Vanguard Index Fds worth $33 billion and the next is Vanguard Intl Equity Index F worth $11.2 billion, with 267,139 shares owned.
Currently, Cordant's portfolio is worth at least $172 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 Cordant
The Cordant office and employees reside in Portland, Oregon. According to the last 13-F report filed with the SEC, Brenda Mccombs serves as the Chief Compliance Officer at Cordant.
Recent trades
In the most recent 13F filing, Cordant revealed that it had opened a new position in
Salesforce Inc and bought 422 shares worth $127 million.
This means they effectively own approximately 0.1% of the company.
Salesforce Inc makes up
8.4%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Vanguard Scottsdale Fds by buying
36,726 additional shares.
This makes their stake in Vanguard Scottsdale Fds total 714,339 shares worth $47.9 billion.
On the other hand, there are companies that Cordant is getting rid of from its portfolio.
Cordant closed its position in Ishares Tr on 16th April 2024.
It sold the previously owned 613 shares for $119 million.
Brenda Mccombs also disclosed a decreased stake in Vanguard Tax-managed Fds by approximately 0.1%.
This leaves the value of the investment at $24.8 billion and 493,417 shares.
One of the smallest hedge funds
The two most similar investment funds to Cordant are Socha and Alphacentric Advisors. They manage $172 billion and $172 billion respectively.
Brenda Mccombs investment strategy
Cordant’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 0.9% of
the total portfolio value.
The fund focuses on investments in the United States as
25.0% 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
25% of the total holdings value.
On the other hand, small-cap stocks make up only 2.8% of the portfolio.
The average market cap of the portfolio companies is close to $371 billion.
The complete list of Cordant trades based on 13F SEC filings
These positions were updated on April 16th 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 |
|---|---|---|---|
| Vanguard Tax-managed Fds |
1.77%
493,417
|
$24,754,707,000 | 14.35% |
| Vanguard Scottsdale Fds |
5.42%
714,339
|
$47,856,955,000 | 27.74% |
| Vanguard Index Fds |
1.31%
195,218
|
$33,047,414,000 | 19.16% |
| Vanguard Intl Equity Index F |
4.88%
267,139
|
$11,161,312,000 | 6.47% |
| Spdr Sp 500 Etf Tr |
7.04%
20,203
|
$10,567,584,000 | 6.13% |
| Invesco Db Commdy Indx Trck |
19.19%
388,725
|
$8,929,014,000 | 5.18% |
| Dimensional Etf Trust |
62.95%
529,677
|
$18,481,603,000 | 10.71% |
| Schwab Strategic Tr |
20.69%
116,938
|
$5,656,003,000 | 3.28% |
| Ishares Inc |
3.24%
43,705
|
$2,255,155,000 | 1.31% |
| Ishares Tr |
10.99%
79,342
|
$6,655,766,000 | 3.86% |
| Microsoft Corporation |
2,928.26%
1,393
|
$586,063,000 | 0.34% |
| Intel Corp. |
11.57%
13,133
|
$580,085,000 | 0.34% |
| Vanguard Bd Index Fds |
68.15%
6,415
|
$465,922,000 | 0.27% |
| Spdr Ser Tr |
470.05%
9,765
|
$250,180,000 | 0.15% |
| Nike, Inc. |
No change
2,518
|
$236,642,000 | 0.14% |
| Advanced Micro Devices Inc. |
3,125.00%
1,032
|
$186,266,000 | 0.11% |
| Salesforce Inc |
Opened
422
|
$127,098,000 | 0.07% |
| Comcast Corp New |
No change
2,681
|
$116,218,000 | 0.07% |
| Nano-X Imaging Ltd. |
No change
10,958
|
$107,060,000 | 0.06% |
| Apple Inc |
No change
505
|
$86,615,000 | 0.05% |
| Amazon.com Inc. |
No change
454
|
$81,893,000 | 0.05% |
| Ishares Sp Gsci Commodity- |
20.04%
3,296
|
$72,710,000 | 0.04% |
| Ishares Tr |
Closed
613
|
$119,059,000 | |
| Fidelity Covington Trust |
Opened
1,907
|
$55,676,000 | 0.03% |
| Spdr Dow Jones Indl Average |
No change
120
|
$47,732,000 | 0.03% |
| F5 Inc |
No change
168
|
$31,852,000 | 0.02% |
| NVIDIA Corp |
Closed
68
|
$28,766,000 | |
| Invesco Exchange Traded Fd T |
400.00%
880
|
$34,090,000 | 0.02% |
| Vanguard Index Fds |
Opened
40
|
$19,228,000 | 0.01% |
| Invesco Exch Traded Fd Tr Ii |
21.80%
226
|
$11,221,000 | 0.01% |
| Fidelity Natl Information Sv |
No change
99
|
$7,344,000 | 0.00% |
| Pimco Etf Tr |
50.41%
61
|
$6,133,000 | 0.00% |
| International Business Machs |
No change
30
|
$5,729,000 | 0.00% |
| Disney Walt Co |
No change
32
|
$3,929,000 | 0.00% |
| Newmont Corp |
No change
100
|
$3,584,000 | 0.00% |
| Ford Mtr Co Del |
No change
64
|
$850,000 | 0.00% |
| Kyndryl Hldgs Inc |
No change
6
|
$131,000 | 0.00% |
| Telefonica S.A |
No change
2
|
$9,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 38 holdings | |||
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