Red Wave Investments is an investment fund managing more than $252 billion ran by Marc Smith. There are currently 80 companies in Mr. Smith’s portfolio. The largest investments include Vanguard Index Fds and Vanguard Bd Index Fds, together worth $119 billion.
As of 2nd August 2024, Red Wave Investments’s top holding is 418,530 shares of Vanguard Index Fds currently worth over $88.7 billion and making up 35.2% of the portfolio value.
In addition, the fund holds 559,528 shares of Vanguard Bd Index Fds worth $30.2 billion.
The third-largest holding is Vanguard Intl Equity Index F worth $20.9 billion and the next is Ishares Tr worth $24.1 billion, with 245,735 shares owned.
Currently, Red Wave Investments's portfolio is worth at least $252 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.
The Red Wave Investments office and employees reside in Dillsburg, Pennsylvania. According to the last 13-F report filed with the SEC, Marc Smith serves as the Managing Partner; Chief Compliance Officer at Red Wave Investments.
In the most recent 13F filing, Red Wave Investments revealed that it had opened a new position in
Texas Instrs Inc and bought 1,042 shares worth $203 million.
The investment fund also strengthened its position in Vanguard Index Fds by buying
1,793 additional shares.
This makes their stake in Vanguard Index Fds total 418,530 shares worth $88.7 billion.
On the other hand, there are companies that Red Wave Investments is getting rid of from its portfolio.
Red Wave Investments closed its position in Nike on 9th August 2024.
It sold the previously owned 2,457 shares for $231 million.
Marc Smith also disclosed a decreased stake in Vanguard Intl Equity Index F by approximately 0.1%.
This leaves the value of the investment at $20.9 billion and 221,450 shares.
The two most similar investment funds to Red Wave Investments are Strategic Advocates and Monolith Management Ltd. They manage $252 billion and $252 billion respectively.
Red Wave Investments’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 6.1% of
the total portfolio value.
The fund focuses on investments in the United States as
57.5% 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
51% of the total holdings value.
On the other hand, small-cap stocks make up only 2.5% of the portfolio.
The average market cap of the portfolio companies is close to $296 billion.
These positions were updated on August 9th 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 Index Fds |
0.43%
418,530
|
$88,747,342,000 | 35.20% |
| Vanguard Bd Index Fds |
7.68%
559,528
|
$30,195,954,000 | 11.98% |
| Vanguard Intl Equity Index F |
2.19%
221,450
|
$20,905,957,000 | 8.29% |
| Ishares Tr |
2.71%
245,735
|
$24,126,606,000 | 9.57% |
| Dimensional Etf Trust |
1.12%
318,322
|
$9,969,986,000 | 3.95% |
| Spdr Index Shs Fds |
0.16%
307,441
|
$11,162,660,000 | 4.43% |
| Vanguard Star Fds |
2.28%
88,237
|
$5,320,691,000 | 2.11% |
| Apple Inc |
2.41%
24,455
|
$5,150,609,000 | 2.04% |
| NVIDIA Corp |
825.59%
38,088
|
$4,705,396,000 | 1.87% |
| Microsoft Corporation |
0.02%
9,248
|
$4,133,301,000 | 1.64% |
| Vanguard Charlotte Fds |
5.69%
75,290
|
$3,664,364,000 | 1.45% |
| Spdr Ser Tr |
2.30%
29,112
|
$2,744,388,000 | 1.09% |
| Amazon.com Inc. |
6.04%
13,841
|
$2,674,773,000 | 1.06% |
| Ishares U S Etf Tr |
0.96%
27,760
|
$2,579,737,000 | 1.02% |
| Home Depot, Inc. |
No change
6,148
|
$2,116,388,000 | 0.84% |
| Spdr S&p 500 Etf Tr |
No change
3,643
|
$1,982,593,000 | 0.79% |
| Costco Whsl Corp New |
1.24%
1,995
|
$1,695,730,000 | 0.67% |
| Alphabet Inc |
0.32%
12,118
|
$2,212,683,000 | 0.88% |
| Berkshire Hathaway Inc. |
No change
3,413
|
$1,388,408,000 | 0.55% |
| Mastercard Incorporated |
0.32%
2,772
|
$1,222,921,000 | 0.49% |
| Walmart Inc |
No change
17,149
|
$1,161,159,000 | 0.46% |
| Exxon Mobil Corp. |
1.28%
9,973
|
$1,148,092,000 | 0.46% |
| Invesco Exch Traded Fd Tr Ii |
3.53%
55,068
|
$1,101,360,000 | 0.44% |
| JPMorgan Chase & Co. |
No change
4,761
|
$963,002,000 | 0.38% |
| Merck & Co Inc |
No change
7,643
|
$946,203,000 | 0.38% |
| Novo-nordisk A S |
1.48%
5,996
|
$855,869,000 | 0.34% |
| Meta Platforms Inc |
No change
1,640
|
$826,921,000 | 0.33% |
| Broadcom Inc |
No change
498
|
$799,530,000 | 0.32% |
| Visa Inc |
No change
2,778
|
$729,142,000 | 0.29% |
| Church & Dwight Co., Inc. |
0.11%
6,982
|
$723,935,000 | 0.29% |
| Tesla Inc |
No change
3,227
|
$638,568,000 | 0.25% |
| Cisco Sys Inc |
0.09%
12,830
|
$609,537,000 | 0.24% |
| Johnson & Johnson |
No change
3,782
|
$552,777,000 | 0.22% |
| Adobe Inc |
No change
979
|
$543,876,000 | 0.22% |
| Eli Lilly & Co |
No change
597
|
$540,512,000 | 0.21% |
| Abbvie Inc |
1.35%
2,994
|
$513,531,000 | 0.20% |
| Advanced Micro Devices Inc. |
No change
2,961
|
$480,304,000 | 0.19% |
| Unitedhealth Group Inc |
0.42%
942
|
$479,723,000 | 0.19% |
| The Southern Co. |
0.19%
5,821
|
$451,520,000 | 0.18% |
| Procter And Gamble Co |
0.04%
2,723
|
$449,101,000 | 0.18% |
| Accenture Plc Ireland |
2.49%
1,449
|
$439,698,000 | 0.17% |
| Dicks Sporting Goods, Inc. |
No change
2,003
|
$430,345,000 | 0.17% |
| Honeywell International Inc |
No change
1,918
|
$409,570,000 | 0.16% |
| Waste Mgmt Inc Del |
0.53%
1,885
|
$402,222,000 | 0.16% |
| Bank America Corp |
No change
9,991
|
$397,342,000 | 0.16% |
| Proshares Tr |
No change
5,075
|
$387,261,000 | 0.15% |
| Coca-Cola Co |
0.26%
5,688
|
$362,055,000 | 0.14% |
| Micron Technology Inc. |
No change
2,644
|
$347,765,000 | 0.14% |
| Netflix Inc. |
No change
493
|
$332,720,000 | 0.13% |
| Lockheed Martin Corp. |
3.03%
705
|
$329,217,000 | 0.13% |
| Okta Inc |
No change
3,391
|
$317,432,000 | 0.13% |
| Abercrombie & Fitch Co. |
No change
1,761
|
$313,176,000 | 0.12% |
| Applied Matls Inc |
No change
1,291
|
$304,672,000 | 0.12% |
| Leidos Holdings Inc |
No change
2,001
|
$291,906,000 | 0.12% |
| Vanguard Malvern Fds |
No change
5,997
|
$291,094,000 | 0.12% |
| Pnc Finl Svcs Group Inc |
No change
1,849
|
$287,483,000 | 0.11% |
| Salesforce Inc |
0.86%
1,053
|
$270,726,000 | 0.11% |
| Starbucks Corp. |
0.32%
3,445
|
$268,185,000 | 0.11% |
| Comcast Corp New |
0.46%
6,780
|
$265,508,000 | 0.11% |
| Danaher Corp. |
3.85%
1,049
|
$262,093,000 | 0.10% |
| United Parcel Service, Inc. |
3.53%
1,913
|
$261,794,000 | 0.10% |
| Intuit Inc |
0.52%
389
|
$255,650,000 | 0.10% |
| Duke Energy Corp. |
No change
2,464
|
$246,967,000 | 0.10% |
| AT&T Inc. |
0.66%
12,819
|
$244,964,000 | 0.10% |
| Abbott Labs |
0.43%
2,354
|
$244,604,000 | 0.10% |
| Pepsico Inc |
0.34%
1,468
|
$242,117,000 | 0.10% |
| Schwab Strategic Tr |
24.43%
4,473
|
$232,641,000 | 0.09% |
| Nike, Inc. |
Closed
2,457
|
$230,909,000 | |
| Disney Walt Co |
Closed
1,863
|
$227,957,000 | |
| Mcdonalds Corp |
0.36%
847
|
$215,860,000 | 0.09% |
| CSX Corp. |
0.91%
6,434
|
$215,217,000 | 0.09% |
| Lowes Cos Inc |
No change
972
|
$214,287,000 | 0.08% |
| Us Bancorp Del |
2.69%
5,384
|
$213,745,000 | 0.08% |
| Illinois Tool Wks Inc |
Closed
794
|
$213,054,000 | |
| Popular Inc. |
No change
2,402
|
$212,409,000 | 0.08% |
| ServiceNow Inc |
No change
265
|
$208,468,000 | 0.08% |
| Thermo Fisher Scientific Inc. |
Closed
354
|
$206,002,000 | |
| Chevron Corp. |
No change
1,316
|
$205,849,000 | 0.08% |
| Union Pac Corp |
Closed
835
|
$205,352,000 | |
| Caterpillar Inc. |
0.33%
616
|
$205,259,000 | 0.08% |
| Travelers Companies Inc. |
No change
1,000
|
$203,340,000 | 0.08% |
| Texas Instrs Inc |
Opened
1,042
|
$202,700,000 | 0.08% |
| AMGEN Inc. |
Opened
645
|
$201,530,000 | 0.08% |
| Vanguard Mun Bd Fds |
Closed
3,977
|
$201,236,000 | |
| Calidi Biotherapeutics Inc |
3.10%
624,602
|
$124,920,000 | 0.05% |
| Quantum Si Inc |
No change
37,000
|
$38,850,000 | 0.02% |
| Zerofox Hldgs Inc |
Closed
21,053
|
$23,579,000 | |
| No transactions found | |||
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