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