Kowal Investment 13F annual report
Kowal Investment is an investment fund managing more than $500 billion ran by Aaron Kowal. There are currently 144 companies in Mr. Kowal’s portfolio. The largest investments include Fidelity Merrimack Str Tr and First Tr Exchange-traded Fd, together worth $156 billion.
$500 billion Assets Under Management (AUM)
As of 6th August 2024, Kowal Investment’s top holding is 2,086,273 shares of Fidelity Merrimack Str Tr currently worth over $93.7 billion and making up 18.7% of the portfolio value.
In addition, the fund holds 820,614 shares of First Tr Exchange-traded Fd worth $62.1 billion.
The third-largest holding is First Tr Nasdaq 100 Tech Ind worth $35.1 billion and the next is First Tr Morningstar Divid L worth $32.5 billion, with 857,616 shares owned.
Currently, Kowal Investment's portfolio is worth at least $500 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 Kowal Investment
The Kowal Investment office and employees reside in Brookfield, Wisconsin. According to the last 13-F report filed with the SEC, Aaron Kowal serves as the Chief Compliance Officer at Kowal Investment.
Recent trades
In the most recent 13F filing, Kowal Investment revealed that it had opened a new position in
Ishares Tr and bought 44,767 shares worth $2.55 billion.
The investment fund also strengthened its position in First Tr Exchange-traded Fd by buying
92,571 additional shares.
This makes their stake in First Tr Exchange-traded Fd total 820,614 shares worth $62.1 billion.
On the other hand, there are companies that Kowal Investment is getting rid of from its portfolio.
Kowal Investment closed its position in Invesco Exchange Traded Fd T on 13th August 2024.
It sold the previously owned 8,177 shares for $1.38 billion.
Aaron Kowal also disclosed a decreased stake in Fidelity Merrimack Str Tr by approximately 0.1%.
This leaves the value of the investment at $93.7 billion and 2,086,273 shares.
One of the average hedge funds
The two most similar investment funds to Kowal Investment are Sanders Morris Harris and Realta Investment Advisors. They manage $500 billion and $501 billion respectively.
Aaron Kowal investment strategy
Kowal Investment’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Miscellaneous — making up 6.2% of
the total portfolio value.
The fund focuses on investments in the United States as
45.8% 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
44% of the total holdings value.
On the other hand, small-cap stocks make up only 2.1% of the portfolio.
The average market cap of the portfolio companies is close to $205 billion.
The complete list of Kowal Investment trades based on 13F SEC filings
These positions were updated on August 13th 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 |
|---|---|---|---|
| Fidelity Merrimack Str Tr |
2.62%
2,086,273
|
$93,736,228,000 | 18.73% |
| First Tr Exchange-traded Fd |
12.72%
820,614
|
$62,075,975,000 | 12.41% |
| First Tr Nasdaq 100 Tech Ind |
15.17%
177,586
|
$35,066,151,000 | 7.01% |
| First Tr Morningstar Divid L |
20.26%
857,616
|
$32,529,368,000 | 6.50% |
| Fidelity Covington Trust |
1,157.76%
695,542
|
$30,310,443,000 | 6.06% |
| Spdr Sp Midcap 400 Etf Tr |
1.11%
42,095
|
$22,524,095,000 | 4.50% |
| Spdr Sp 500 Etf Tr |
1.21%
23,527
|
$12,804,095,000 | 2.56% |
| Apple Inc |
1.38%
47,464
|
$9,996,911,000 | 2.00% |
| Zacks Trust |
141.37%
420,818
|
$12,307,777,000 | 2.46% |
| NVIDIA Corp |
961.92%
73,071
|
$9,027,182,000 | 1.80% |
| Ishares Tr |
4.52%
467,615
|
$37,855,511,000 | 7.57% |
| Microsoft Corporation |
4.58%
17,848
|
$7,977,037,000 | 1.59% |
| First Tr Exchange Traded Fd |
2.00%
64,516
|
$7,239,394,000 | 1.45% |
| First Tr Lrg Cp Vl Alphadex |
1.99%
49,554
|
$3,647,189,000 | 0.73% |
| Amazon.com Inc. |
6.58%
18,409
|
$3,557,513,000 | 0.71% |
| First Tr Multi Cap Growth Al |
0.72%
27,172
|
$3,345,292,000 | 0.67% |
| First Tr Value Line Divid In |
2.16%
78,246
|
$3,188,526,000 | 0.64% |
| WEC Energy Group Inc |
0.79%
40,362
|
$3,166,808,000 | 0.63% |
| Alphabet Inc |
9.02%
23,162
|
$4,227,156,000 | 0.84% |
| T Rowe Price Etf Inc |
3.24%
78,212
|
$3,031,199,000 | 0.61% |
| Procter And Gamble Co |
4.93%
15,850
|
$2,613,982,000 | 0.52% |
| Abbvie Inc |
4.68%
15,006
|
$2,573,820,000 | 0.51% |
| Ishares Tr |
Opened
44,767
|
$2,546,333,000 | 0.51% |
| Meta Platforms Inc |
14.64%
4,580
|
$2,309,507,000 | 0.46% |
| Invesco Exch Traded Fd Tr Ii |
8.34%
112,882
|
$3,685,256,000 | 0.74% |
| Schwab Strategic Tr |
22.51%
84,711
|
$2,455,501,000 | 0.49% |
| Vanguard Scottsdale Fds |
34.26%
101,998
|
$5,750,189,000 | 1.15% |
| Jpmorgan Chase Co. |
3.23%
10,319
|
$2,087,126,000 | 0.42% |
| Pimco Etf Tr |
2.71%
55,747
|
$3,717,624,000 | 0.74% |
| Spdr Ser Tr |
19.44%
72,174
|
$3,263,620,000 | 0.65% |
| Us Bancorp Del |
14.49%
44,377
|
$1,761,752,000 | 0.35% |
| Chevron Corp. |
2.82%
11,250
|
$1,759,702,000 | 0.35% |
| Exxon Mobil Corp. |
13.58%
13,825
|
$1,591,502,000 | 0.32% |
| Broadcom Inc |
16.35%
989
|
$1,588,166,000 | 0.32% |
| Eaton Corp Plc |
0.12%
4,974
|
$1,559,518,000 | 0.31% |
| Mcdonalds Corp |
1.56%
5,928
|
$1,510,603,000 | 0.30% |
| Walmart Inc |
4.63%
22,052
|
$1,493,165,000 | 0.30% |
| Johnson Johnson |
1.24%
9,888
|
$1,445,162,000 | 0.29% |
| Home Depot, Inc. |
0.63%
4,164
|
$1,433,469,000 | 0.29% |
| Visa Inc |
2.05%
5,431
|
$1,425,605,000 | 0.28% |
| Caterpillar Inc. |
0.31%
4,225
|
$1,407,373,000 | 0.28% |
| Pepsico Inc |
6.50%
8,486
|
$1,399,588,000 | 0.28% |
| Invesco Exchange Traded Fd T |
Closed
8,177
|
$1,384,912,000 | |
| Berkshire Hathaway Inc. |
0.48%
3,329
|
$1,354,280,000 | 0.27% |
| Att Inc |
3.37%
66,562
|
$1,272,002,000 | 0.25% |
| Merck Co Inc |
6.27%
9,982
|
$1,235,763,000 | 0.25% |
| GE Aerospace |
0.25%
7,636
|
$1,213,896,000 | 0.24% |
| Abbott Labs |
4.62%
11,296
|
$1,173,728,000 | 0.23% |
| Eli Lilly Co |
16.68%
1,287
|
$1,165,103,000 | 0.23% |
| Cisco Sys Inc |
0.55%
23,890
|
$1,135,014,000 | 0.23% |
| Altria Group Inc. |
22.94%
23,387
|
$1,065,274,000 | 0.21% |
| Coca-Cola Co |
1.84%
16,703
|
$1,063,148,000 | 0.21% |
| Qualcomm, Inc. |
31.39%
5,002
|
$996,395,000 | 0.20% |
| First Tr Lrge Cp Core Alpha |
0.04%
10,228
|
$991,977,000 | 0.20% |
| Applied Matls Inc |
31.29%
3,990
|
$941,682,000 | 0.19% |
| MetLife, Inc. |
5.14%
13,349
|
$936,991,000 | 0.19% |
| Philip Morris International Inc |
28.84%
9,148
|
$927,000,000 | 0.19% |
| Fidelity Natl Information Sv |
17.49%
12,112
|
$912,727,000 | 0.18% |
| Costco Whsl Corp New |
9.54%
1,045
|
$888,303,000 | 0.18% |
| General Dynamics Corp. |
12.01%
3,049
|
$884,527,000 | 0.18% |
| Fiserv, Inc. |
0.51%
5,820
|
$867,474,000 | 0.17% |
| Parker-Hannifin Corp. |
Opened
1,654
|
$836,596,000 | 0.17% |
| Prudential Finl Inc |
2.77%
7,097
|
$831,648,000 | 0.17% |
| First Tr Exchng Traded Fd Vi |
4.32%
19,258
|
$829,053,000 | 0.17% |
| Tesla Inc |
2.65%
4,072
|
$805,812,000 | 0.16% |
| Conocophillips |
0.87%
6,735
|
$770,330,000 | 0.15% |
| First Tr Mid Cap Core Alphad |
2.30%
6,902
|
$749,072,000 | 0.15% |
| Verizon Communications Inc |
11.29%
17,971
|
$741,112,000 | 0.15% |
| The Southern Co. |
8.02%
9,156
|
$710,265,000 | 0.14% |
| Ishares Tr |
Closed
16,217
|
$1,063,127,000 | |
| Oracle Corp. |
2.34%
4,367
|
$616,637,000 | 0.12% |
| Goldman Sachs Etf Tr |
Opened
5,730
|
$612,832,000 | 0.12% |
| Bank America Corp |
5.25%
15,344
|
$610,233,000 | 0.12% |
| Netflix Inc. |
6.35%
888
|
$599,147,000 | 0.12% |
| Unitedhealth Group Inc |
0.60%
1,169
|
$595,573,000 | 0.12% |
| Cadence Design System Inc |
27.01%
1,900
|
$584,725,000 | 0.12% |
| Blackrock Inc. |
1.38%
733
|
$577,042,000 | 0.12% |
| Lockheed Martin Corp. |
7.26%
1,226
|
$572,701,000 | 0.11% |
| Kimberly-Clark Corp. |
11.00%
4,077
|
$563,486,000 | 0.11% |
| Bank New York Mellon Corp |
3.34%
9,010
|
$539,614,000 | 0.11% |
| Colgate-Palmolive Co. |
0.02%
5,549
|
$538,488,000 | 0.11% |
| Vanguard Specialized Funds |
5.55%
2,927
|
$534,294,000 | 0.11% |
| Pfizer Inc. |
10.29%
18,834
|
$526,981,000 | 0.11% |
| E2open Parent Holdings Inc |
No change
116,021
|
$520,934,000 | 0.10% |
| Dow Inc |
0.39%
9,779
|
$518,785,000 | 0.10% |
| Vanguard Index Fds |
18.02%
2,735
|
$918,036,000 | 0.18% |
| Select Sector Spdr Tr |
1.94%
9,400
|
$1,299,008,000 | 0.26% |
| Invesco Actvely Mngd Etc Fd |
21.38%
34,266
|
$481,437,000 | 0.10% |
| Arista Networks Inc |
68.47%
1,373
|
$481,209,000 | 0.10% |
| Public Svc Enterprise Grp In |
2.75%
5,981
|
$440,830,000 | 0.09% |
| Crowdstrike Holdings Inc |
Opened
1,139
|
$436,453,000 | 0.09% |
| First Trust Lrgcp Gwt Alphad |
0.03%
3,470
|
$425,178,000 | 0.08% |
| Marriott Intl Inc New |
Closed
1,665
|
$420,068,000 | |
| Spotify Technology S.A. |
Opened
1,321
|
$414,517,000 | 0.08% |
| Pnc Finl Svcs Group Inc |
2.64%
2,644
|
$411,073,000 | 0.08% |
| Republic Svcs Inc |
10.02%
2,065
|
$401,277,000 | 0.08% |
| Synopsys, Inc. |
15.83%
673
|
$400,475,000 | 0.08% |
| Comcast Corp New |
1.27%
9,841
|
$385,385,000 | 0.08% |
| 3M Co. |
0.72%
3,631
|
$371,041,000 | 0.07% |
| International Business Machs |
1.18%
2,139
|
$370,006,000 | 0.07% |
| Crown Castle Inc |
0.05%
3,774
|
$368,739,000 | 0.07% |
| Skyworks Solutions, Inc. |
7.09%
3,458
|
$368,546,000 | 0.07% |
| Illinois Tool Wks Inc |
0.41%
1,452
|
$344,110,000 | 0.07% |
| Mondelez International Inc. |
Closed
4,836
|
$338,519,000 | |
| Kinder Morgan Inc |
0.94%
17,017
|
$338,129,000 | 0.07% |
| Wp Carey Inc |
3.39%
6,070
|
$334,177,000 | 0.07% |
| Tjx Cos Inc New |
9.56%
3,004
|
$330,732,000 | 0.07% |
| American Express Co. |
13.09%
1,417
|
$328,114,000 | 0.07% |
| Vanguard Tax-managed Fds |
0.18%
6,561
|
$324,228,000 | 0.06% |
| Ge Vernova Inc |
Opened
1,874
|
$321,410,000 | 0.06% |
| Royal Caribbean Group |
Closed
2,286
|
$317,823,000 | |
| Old Rep Intl Corp |
No change
10,000
|
$309,000,000 | 0.06% |
| Boeing Co. |
Opened
1,686
|
$306,793,000 | 0.06% |
| Gilead Sciences, Inc. |
4.18%
4,384
|
$300,811,000 | 0.06% |
| Intuitive Surgical Inc |
Opened
673
|
$299,384,000 | 0.06% |
| Mastercard Incorporated |
4.39%
666
|
$294,017,000 | 0.06% |
| HCA Healthcare Inc |
Opened
908
|
$291,867,000 | 0.06% |
| Gallagher Arthur J Co |
4.75%
1,123
|
$291,299,000 | 0.06% |
| Hartford Finl Svcs Group Inc |
17.37%
2,845
|
$285,992,000 | 0.06% |
| Ecolab, Inc. |
Opened
1,177
|
$280,088,000 | 0.06% |
| Badger Meter Inc. |
0.07%
1,492
|
$277,974,000 | 0.06% |
| Mckesson Corporation |
6.52%
474
|
$276,816,000 | 0.06% |
| Copart, Inc. |
3.40%
5,057
|
$273,866,000 | 0.05% |
| Spdr Gold Tr |
7.14%
1,261
|
$271,021,000 | 0.05% |
| Trane Technologies plc |
6.00%
813
|
$267,321,000 | 0.05% |
| Rockwell Automation Inc |
2.51%
971
|
$267,180,000 | 0.05% |
| First Tr Multi Cp Val Alpha |
3.64%
3,390
|
$267,016,000 | 0.05% |
| Disney Walt Co |
Closed
2,099
|
$256,878,000 | |
| T-Mobile US Inc |
16.97%
1,434
|
$252,610,000 | 0.05% |
| Deere Co |
25.20%
665
|
$248,359,000 | 0.05% |
| Intuit Inc |
Opened
377
|
$247,562,000 | 0.05% |
| First Tr Exchange-traded Alp |
1.43%
3,323
|
$244,532,000 | 0.05% |
| Moodys Corp |
14.33%
574
|
$241,666,000 | 0.05% |
| American Axle Mfg Hldgs In |
3.21%
33,756
|
$235,957,000 | 0.05% |
| Stryker Corp. |
Opened
693
|
$235,782,000 | 0.05% |
| Manhattan Associates, Inc. |
Closed
930
|
$232,714,000 | |
| American Elec Pwr Co Inc |
9.05%
2,627
|
$230,537,000 | 0.05% |
| Ge Healthcare Technologies I |
Closed
2,528
|
$229,824,000 | |
| CSX Corp. |
2.77%
6,763
|
$226,238,000 | 0.05% |
| Johnson Ctls Intl Plc |
1.78%
3,364
|
$223,612,000 | 0.04% |
| Constellation Energy Corp |
Opened
1,112
|
$222,653,000 | 0.04% |
| Vanguard World Fd |
3.04%
2,204
|
$429,256,000 | 0.09% |
| Salesforce Inc |
Opened
836
|
$215,042,000 | 0.04% |
| Emcor Group, Inc. |
Opened
587
|
$214,199,000 | 0.04% |
| Prologis Inc |
Closed
1,609
|
$209,540,000 | |
| Associated Banc-Corp. |
4.51%
9,817
|
$207,630,000 | 0.04% |
| ServiceNow Inc |
31.32%
261
|
$205,321,000 | 0.04% |
| Linde Plc. |
Closed
439
|
$204,010,000 | |
| MSA Safety Inc |
Opened
1,087
|
$203,977,000 | 0.04% |
| Travelers Companies Inc. |
0.41%
989
|
$201,004,000 | 0.04% |
| Advanced Micro Devices Inc. |
Closed
1,110
|
$200,344,000 | |
| Ford Mtr Co Del |
Closed
14,376
|
$190,915,000 | |
| Cion Invt Corp |
48.92%
13,939
|
$168,941,000 | 0.03% |
| Huntington Bancshares, Inc. |
2.15%
10,521
|
$138,665,000 | 0.03% |
| Banco Santander S.A. |
Opened
19,967
|
$92,445,000 | 0.02% |
| Mesa Air Group Inc. |
No change
17,795
|
$30,430,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 156 holdings | |||
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