Prairiewood Capital 13F annual report
Prairiewood Capital is an investment fund managing more than $211 billion ran by Steven Nelson. There are currently 63 companies in Mr. Nelson’s portfolio. The largest investments include Schwab Strategic Tr and Spdr Index Shs Fds, together worth $118 billion.
$211 billion Assets Under Management (AUM)
As of 11th July 2024, Prairiewood Capital’s top holding is 2,259,107 shares of Schwab Strategic Tr currently worth over $108 billion and making up 51.2% of the portfolio value.
In addition, the fund holds 174,596 shares of Spdr Index Shs Fds worth $9.75 billion.
The third-largest holding is American Centy Etf Tr worth $8.27 billion and the next is Invesco Exch Traded Fd Tr Ii worth $9.43 billion, with 652,494 shares owned.
Currently, Prairiewood Capital's portfolio is worth at least $211 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 Prairiewood Capital
The Prairiewood Capital office and employees reside in West Fargo, North Dakota. According to the last 13-F report filed with the SEC, Steven Nelson serves as the President at Prairiewood Capital.
Recent trades
In the most recent 13F filing, Prairiewood Capital revealed that it had opened a new position in
Target Corp and bought 6,000 shares worth $888 million.
This means they effectively own approximately 0.1% of the company.
Target Corp makes up
61.7%
of the fund's Consumer Staples sector allocation and has grown its share price by 19.2% in the past year.
The investment fund also strengthened its position in Schwab Strategic Tr by buying
23,707 additional shares.
This makes their stake in Schwab Strategic Tr total 2,259,107 shares worth $108 billion.
On the other hand, there are companies that Prairiewood Capital is getting rid of from its portfolio.
Prairiewood Capital closed its position in Dicks Sporting Goods on 18th July 2024.
It sold the previously owned 4,225 shares for $950 million.
Steven Nelson also disclosed a decreased stake in Spdr Index Shs Fds by approximately 0.1%.
This leaves the value of the investment at $9.75 billion and 174,596 shares.
One of the smallest hedge funds
The two most similar investment funds to Prairiewood Capital are Ledge Wealth Management and Beacon Bridge Wealth Partners. They manage $211 billion and $211 billion respectively.
Steven Nelson investment strategy
Prairiewood Capital’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Real Estate — making up 4.1% of
the total portfolio value.
The fund focuses on investments in the United States as
47.6% 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
29% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $202 billion.
The complete list of Prairiewood Capital trades based on 13F SEC filings
These positions were updated on July 18th 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 |
|---|---|---|---|
| Schwab Strategic Tr |
1.06%
2,259,107
|
$107,988,901,000 | 51.24% |
| Spdr Index Shs Fds |
1.68%
174,596
|
$9,751,193,000 | 4.63% |
| American Centy Etf Tr |
2.51%
200,676
|
$8,271,878,000 | 3.93% |
| Invesco Exch Traded Fd Tr Ii |
2.15%
652,494
|
$9,427,017,000 | 4.47% |
| Global X Fds |
2.17%
286,115
|
$5,630,748,000 | 2.67% |
| Vanguard Index Fds |
3.36%
66,900
|
$5,603,542,000 | 2.66% |
| Broadstone Net Lease, Inc. |
4.71%
327,182
|
$5,192,382,000 | 2.46% |
| Golub Cap Bdc Inc |
4.31%
322,192
|
$5,061,643,000 | 2.40% |
| Wp Carey Inc |
7.77%
63,754
|
$3,509,651,000 | 1.67% |
| Realty Income Corp. |
13.45%
64,254
|
$3,393,912,000 | 1.61% |
| Berkshire Hathaway Inc. |
No change
8,166
|
$3,321,929,000 | 1.58% |
| Ares Capital Corp |
10.23%
152,098
|
$3,169,721,000 | 1.50% |
| Blue Owl Capital Corporation |
10.02%
203,742
|
$3,129,483,000 | 1.49% |
| Microsoft Corporation |
0.35%
4,554
|
$2,035,210,000 | 0.97% |
| Vanguard Intl Equity Index F |
2.16%
46,171
|
$1,873,138,000 | 0.89% |
| Perdoceo Ed Corp |
0.01%
84,951
|
$1,819,641,000 | 0.86% |
| HP Inc |
0.65%
50,254
|
$1,759,910,000 | 0.84% |
| Bank America Corp |
3.14%
43,650
|
$1,735,945,000 | 0.82% |
| Vanguard World Fd |
No change
8,708
|
$1,677,422,000 | 0.80% |
| Select Sector Spdr Tr |
1.60%
40,596
|
$1,668,885,000 | 0.79% |
| Invesco Exchange Traded Fd T |
No change
19,102
|
$1,853,161,000 | 0.88% |
| Ishares Tr |
3.63%
62,594
|
$3,258,272,000 | 1.55% |
| Alpha Metallurgical Resour I |
0.10%
4,035
|
$1,131,905,000 | 0.54% |
| Williams-Sonoma, Inc. |
0.97%
3,563
|
$1,006,084,000 | 0.48% |
| Dicks Sporting Goods, Inc. |
Closed
4,225
|
$950,128,000 | |
| Target Corp |
Opened
6,000
|
$888,240,000 | 0.42% |
| Vanguard Scottsdale Fds |
2.73%
14,713
|
$853,207,000 | 0.40% |
| TriNet Group Inc |
0.51%
8,117
|
$811,726,000 | 0.39% |
| Oracle Corp. |
No change
5,745
|
$811,194,000 | 0.38% |
| Builders Firstsource Inc |
No change
5,626
|
$778,695,000 | 0.37% |
| Boise Cascade Co |
3.02%
6,421
|
$765,538,000 | 0.36% |
| Heidrick Struggles Intl In |
0.46%
23,859
|
$753,455,000 | 0.36% |
| Spdr Ser Tr |
10.21%
15,929
|
$751,690,000 | 0.36% |
| Abbott Labs |
No change
7,052
|
$732,773,000 | 0.35% |
| MasterCraft Boat Holdings Inc |
Closed
28,686
|
$680,432,000 | |
| Unitedhealth Group Inc |
0.40%
1,266
|
$644,745,000 | 0.31% |
| Apple Inc |
No change
3,050
|
$642,391,000 | 0.30% |
| Omnicom Group, Inc. |
7.14%
6,727
|
$603,412,000 | 0.29% |
| Atkore Inc |
No change
4,219
|
$569,270,000 | 0.27% |
| Medtronic Plc |
No change
6,472
|
$509,411,000 | 0.24% |
| Deere Co |
0.07%
1,358
|
$507,205,000 | 0.24% |
| Build A Bear Workshop Inc |
No change
19,421
|
$490,769,000 | 0.23% |
| Vanguard Intl Equity Index F |
Opened
4,139
|
$486,291,000 | 0.23% |
| Gilead Sciences, Inc. |
16.67%
6,642
|
$455,688,000 | 0.22% |
| Cigna Group (The) |
1.52%
1,292
|
$426,948,000 | 0.20% |
| Vanguard Star Fds |
No change
6,412
|
$386,644,000 | 0.18% |
| Harmony Biosciences Hldgs In |
No change
11,442
|
$345,205,000 | 0.16% |
| Southwestern Energy Company |
Closed
43,529
|
$329,950,000 | |
| Korn Ferry |
No change
4,833
|
$324,488,000 | 0.15% |
| Tesla Inc |
3.24%
1,614
|
$319,378,000 | 0.15% |
| PBF Energy Inc |
Closed
5,519
|
$317,729,000 | |
| Altria Group Inc. |
No change
6,771
|
$308,419,000 | 0.15% |
| Best Buy Co. Inc. |
3.89%
3,481
|
$293,413,000 | 0.14% |
| Medifast Inc |
Closed
7,215
|
$276,488,000 | |
| Immersion Corp |
No change
27,906
|
$262,595,000 | 0.12% |
| Wells Fargo Co New |
Opened
4,400
|
$261,316,000 | 0.12% |
| Playtika Hldg Corp |
No change
33,121
|
$260,662,000 | 0.12% |
| Ironwood Pharmaceuticals Inc |
No change
39,306
|
$256,275,000 | 0.12% |
| Merck Co Inc |
Opened
2,000
|
$247,600,000 | 0.12% |
| Jpmorgan Chase Co. |
No change
1,207
|
$244,152,000 | 0.12% |
| Vector Group Ltd |
No change
23,085
|
$244,008,000 | 0.12% |
| Everi Holdings Inc |
No change
28,577
|
$240,047,000 | 0.11% |
| Bain Cap Specialty Fin Inc |
No change
14,010
|
$228,503,000 | 0.11% |
| Elevance Health Inc |
No change
415
|
$224,872,000 | 0.11% |
| Interpublic Group Cos Inc |
Closed
6,874
|
$224,299,000 | |
| Cheniere Energy Inc. |
Closed
1,355
|
$218,534,000 | |
| 3M Co. |
Opened
2,000
|
$204,380,000 | 0.10% |
| Invesco Exchange Traded Fd T |
Closed
5,241
|
$201,621,000 | |
| Target Hospitality Corp. |
No change
20,259
|
$176,456,000 | 0.08% |
| Garrett Motion Inc |
No change
13,618
|
$116,979,000 | 0.06% |
| Sirius XM Holdings Inc |
No change
12,196
|
$34,515,000 | 0.02% |
| No transactions found | |||
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