Hedges Asset Management 13F annual report

Hedges Asset Management is an investment fund managing more than $137 billion ran by William Hedges. There are currently 106 companies in Mr. Hedges’s portfolio. The largest investments include Glacier and GE Aerospace, together worth $17.6 billion.

Limited to 30 biggest holdings

$137 billion Assets Under Management (AUM)

As of 12th July 2024, Hedges Asset Management’s top holding is 301,823 shares of Glacier currently worth over $11.3 billion and making up 8.2% of the portfolio value. Relative to the number of outstanding shares of Glacier, Hedges Asset Management owns more than approximately 0.1% of the company. In addition, the fund holds 39,725 shares of GE Aerospace worth $6.32 billion, whose value grew 22.3% in the past six months. The third-largest holding is Shell Plc worth $5.04 billion and the next is Gaming & Leisure Pptys Inc worth $4.1 billion, with 90,760 shares owned.

Currently, Hedges Asset Management's portfolio is worth at least $137 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 Hedges Asset Management

The Hedges Asset Management office and employees reside in Reno, Nevada. According to the last 13-F report filed with the SEC, William Hedges serves as the Managing Member / CCO at Hedges Asset Management.

Recent trades

In the most recent 13F filing, Hedges Asset Management revealed that it had opened a new position in Proshares Tr and bought 67,100 shares worth $2.72 billion.

The investment fund also strengthened its position in Boeing Co by buying 4,275 additional shares. This makes their stake in Boeing Co total 19,575 shares worth $3.56 billion. Boeing Co dropped 13.6% in the past year.

On the other hand, there are companies that Hedges Asset Management is getting rid of from its portfolio. Hedges Asset Management closed its position in Proshares Tr on 19th July 2024. It sold the previously owned 288,000 shares for $2.52 billion. William Hedges also disclosed a decreased stake in Glacier by approximately 0.1%. This leaves the value of the investment at $11.3 billion and 301,823 shares.

One of the smallest hedge funds

The two most similar investment funds to Hedges Asset Management are Destiny Capital Corp/co and Pring Turner Capital Group Inc. They manage $137 billion and $137 billion respectively.


William Hedges investment strategy

Hedges Asset Management’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Finance — making up 11.7% of the total portfolio value. The fund focuses on investments in the United States as 49.1% 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 39% of the total holdings value. On the other hand, small-cap stocks make up only 3.8% of the portfolio. The average market cap of the portfolio companies is close to $59.1 billion.

The complete list of Hedges Asset Management trades based on 13F SEC filings

These positions were updated on July 19th 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
Glacier Bancorp, Inc.
0.82%
301,823
$11,264,034,000 8.21%
GE Aerospace
10.68%
39,725
$6,315,085,000 4.60%
Shell Plc
1.41%
69,850
$5,041,790,000 3.67%
Gaming & Leisure Pptys Inc
5.22%
90,760
$4,103,260,000 2.99%
PENN Entertainment Inc
7.94%
202,950
$3,928,098,000 2.86%
Boeing Co.
27.94%
19,575
$3,562,848,000 2.60%
BP plc
0.79%
87,183
$3,147,303,000 2.29%
Southwest Airls Co
16.15%
107,900
$3,087,019,000 2.25%
Uber Technologies Inc
8.03%
40,100
$2,914,468,000 2.12%
Proshares Tr
Opened
67,100
$2,717,550,000 1.98%
Proshares Tr
Closed
288,000
$2,522,880,000
Arcos Dorados Holdings Inc
No change
279,000
$2,511,000,000 1.83%
Verizon Communications Inc
2.68%
58,050
$2,393,982,000 1.74%
Unilever plc
24.59%
42,300
$2,326,077,000 1.70%
Fedex Corp
No change
7,575
$2,271,288,000 1.66%
Vanguard Intl Equity Index F
2.31%
38,100
$2,506,539,000 1.83%
Wynn Resorts Ltd.
0.62%
24,065
$2,153,818,000 1.57%
Chevron Corp.
No change
13,542
$2,118,240,000 1.54%
Merck & Co Inc
5.82%
17,000
$2,104,600,000 1.53%
Shake Shack Inc
No change
22,600
$2,034,000,000 1.48%
Wells Fargo Co New
14.96%
34,100
$2,025,199,000 1.48%
Nutanix Inc
0.58%
34,500
$1,961,325,000 1.43%
Schlumberger Ltd.
No change
40,500
$1,910,790,000 1.39%
International Business Machs
No change
11,000
$1,902,450,000 1.39%
Lindblad Expeditions Hldgs I
24.92%
195,500
$1,886,575,000 1.37%
VanEck ETF Trust
No change
49,900
$1,693,107,000 1.23%
Lyft Inc
No change
119,000
$1,677,900,000 1.22%
Barclays plc
0.71%
153,300
$1,641,843,000 1.20%
Ge Vernova Inc
Opened
9,530
$1,634,491,000 1.19%
Cinemark Holdings Inc
1.31%
75,500
$1,632,310,000 1.19%
Kraft Heinz Co
11.00%
50,450
$1,625,499,000 1.18%
Bristol-Myers Squibb Co.
61.17%
38,600
$1,603,059,000 1.17%
DuPont de Nemours Inc
3.02%
19,700
$1,585,653,000 1.16%
Intel Corp.
No change
51,000
$1,579,470,000 1.15%
Loews Corp.
No change
21,000
$1,569,540,000 1.14%
Schwab Charles Corp
No change
21,000
$1,547,490,000 1.13%
United Parcel Service, Inc.
No change
11,200
$1,532,720,000 1.12%
Imax Corp
No change
83,100
$1,393,587,000 1.02%
Tyson Foods, Inc.
Opened
23,500
$1,342,790,000 0.98%
Brookdale Sr Living Inc
No change
182,000
$1,243,060,000 0.91%
Ge Healthcare Technologies I
No change
15,191
$1,183,683,000 0.86%
CRISPR Therapeutics AG
12.52%
21,800
$1,177,419,000 0.86%
Howmet Aerospace Inc.
49.40%
14,700
$1,141,161,000 0.83%
MAG Silver Corp.
7.80%
95,800
$1,117,986,000 0.81%
Sociedad Quimica Y Minera De
32.68%
27,200
$1,108,400,000 0.81%
Viatris Inc.
11.41%
102,500
$1,089,575,000 0.79%
Bank America Corp
4.95%
26,900
$1,069,813,000 0.78%
Williams Cos Inc
No change
24,400
$1,037,000,000 0.76%
JPMorgan Chase & Co.
No change
5,100
$1,031,526,000 0.75%
Elanco Animal Health Inc
2.72%
71,400
$1,030,302,000 0.75%
FMC Corp.
35.59%
16,000
$920,800,000 0.67%
Disney Walt Co
7.92%
9,200
$913,469,000 0.67%
Ford Mtr Co Del
6.74%
69,200
$867,768,000 0.63%
Newmont Corp
0.96%
20,550
$860,429,000 0.63%
MGM Resorts International
No change
19,000
$844,360,000 0.62%
Warner Bros.Discovery Inc
0.93%
109,000
$810,960,000 0.59%
New Gold Inc Cda
No change
412,500
$804,375,000 0.59%
Ishares Tr
No change
52,900
$1,434,826,000 1.05%
Dow Inc
3.29%
14,700
$779,835,000 0.57%
WestRock Co
5.06%
15,000
$753,900,000 0.55%
Goodyear Tire & Rubr Co
5.36%
62,900
$713,915,000 0.52%
Cnh Indl N V
59.52%
67,000
$678,710,000 0.49%
FIGS, Inc.
75.69%
126,500
$674,245,000 0.49%
Barrick Gold Corp.
3.61%
40,000
$667,200,000 0.49%
International Flavors&fragra
7.35%
6,300
$599,824,000 0.44%
Wisdomtree Tr
No change
10,000
$595,800,000 0.43%
Invesco Exchange Traded Fd T
No change
3,500
$574,980,000 0.42%
Target Corp
No change
3,850
$569,954,000 0.42%
Sprott Physical Silver Tr
11.48%
54,000
$536,220,000 0.39%
Envista Holdings Corp
Opened
32,000
$532,160,000 0.39%
Microstrategy Inc.
Closed
300
$511,368,000
Alaska Air Group Inc.
1.96%
12,500
$505,000,000 0.37%
Corteva Inc
7.75%
9,100
$490,854,000 0.36%
KraneShares Trust
0.55%
18,000
$486,360,000 0.35%
Coca-Cola Co
No change
7,600
$483,740,000 0.35%
EBay Inc.
No change
9,000
$483,480,000 0.35%
Honda Motor
3.31%
14,600
$470,704,000 0.34%
Johnson & Johnson
28.00%
3,200
$467,712,000 0.34%
Organon & Co
No change
22,500
$465,750,000 0.34%
On Hldg Ag
No change
10,300
$399,640,000 0.29%
3M Co.
3.80%
3,800
$388,322,000 0.28%
Dutch Bros Inc.
No change
8,900
$368,460,000 0.27%
Skechers U S A, Inc.
No change
5,300
$366,336,000 0.27%
Baidu Inc
1.18%
4,175
$361,054,000 0.26%
Edwards Lifesciences Corp
No change
3,900
$360,243,000 0.26%
Ishares Silver Tr
No change
12,500
$332,125,000 0.24%
AT&T Inc.
12.82%
17,000
$324,870,000 0.24%
Paramount Global
14.01%
30,700
$318,973,000 0.23%
Medtronic Plc
4.88%
3,900
$306,969,000 0.22%
Amneal Pharmaceuticals Inc
Closed
50,000
$303,000,000
Conocophillips
No change
2,400
$274,512,000 0.20%
Alibaba Group Hldg Ltd
3.92%
3,675
$264,600,000 0.19%
Wabtec
34.00%
1,650
$260,783,000 0.19%
General Mtrs Co
9.68%
5,600
$260,176,000 0.19%
PayPal Holdings Inc
2.22%
4,400
$255,332,000 0.19%
Aramark
21.05%
7,500
$255,150,000 0.19%
Mcdonalds Corp
No change
1,000
$254,840,000 0.19%
Rogers Corp.
No change
2,100
$253,282,000 0.18%
Spdr Index Shs Fds
No change
5,000
$250,150,000 0.18%
Kinder Morgan Inc
No change
12,500
$248,375,000 0.18%
C3.ai Inc
No change
8,400
$243,264,000 0.18%
Franco Nev Corp
Closed
2,000
$238,320,000
Cameco Corp.
2.04%
4,800
$236,160,000 0.17%
Etfs Gold Tr
No change
10,000
$222,200,000 0.16%
Axonics Inc
8.70%
3,150
$211,775,000 0.15%
Wheaton Precious Metals Corp
Opened
4,000
$209,680,000 0.15%
TripAdvisor Inc.
Closed
7,500
$208,425,000
Vanguard Tax-managed Fds
Closed
4,000
$200,680,000
Ishares Tr
Opened
4,700
$200,173,000 0.15%
Advisorshares Tr
18.87%
21,500
$157,595,000 0.11%
El Pollo Loco Holdings Inc
Closed
15,000
$146,100,000
Telefonaktiebolaget Lm Erics
No change
18,000
$111,060,000 0.08%
Lithium Amers Corp New
42.86%
25,000
$67,000,000 0.05%
New York Cmnty Bancorp Inc
Closed
20,000
$64,400,000
No transactions found
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