Dover Advisors 13F annual report

Dover Advisors is an investment fund managing more than $146 billion ran by Jesse Ellington. There are currently 103 companies in Mr. Ellington’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $22.7 billion.

Limited to 30 biggest holdings

$146 billion Assets Under Management (AUM)

As of 22nd April 2024, Dover Advisors’s top holding is 31,542 shares of Microsoft currently worth over $13.3 billion and making up 9.1% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Dover Advisors owns more than approximately 0.1% of the company. In addition, the fund holds 54,849 shares of Apple Inc worth $9.41 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Amazon.com worth $4.06 billion and the next is UDR Inc worth $3.81 billion, with 101,829 shares owned.

Currently, Dover Advisors's portfolio is worth at least $146 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 Dover Advisors

The Dover Advisors office and employees reside in Richmond, Virginia. According to the last 13-F report filed with the SEC, Jesse Ellington serves as the Chief Compliance Officer at Dover Advisors.

Recent trades

In the most recent 13F filing, Dover Advisors revealed that it had opened a new position in Ingredion Inc and bought 14,000 shares worth $1.64 billion. This means they effectively own approximately 0.1% of the company. Ingredion Inc makes up 29.1% of the fund's Consumer Staples sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Microsoft by buying 20,763 additional shares. This makes their stake in Microsoft total 31,542 shares worth $13.3 billion. Microsoft dropped approximately 0.1% in the past year.

On the other hand, there are companies that Dover Advisors is getting rid of from its portfolio. Dover Advisors closed its position in United Parcel Service on 29th April 2024. It sold the previously owned 1,983 shares for $312 million. Jesse Ellington also disclosed a decreased stake in Dominion Inc by 0.2%. This leaves the value of the investment at $774 million and 15,728 shares.

One of the smallest hedge funds

The two most similar investment funds to Dover Advisors are Forte Asset Management and Halter Ferguson. They manage $146 billion and $146 billion respectively.


Jesse Ellington investment strategy

Dover Advisors’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Technology — making up 19.9% of the total portfolio value. The fund focuses on investments in the United States as 59.2% 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 58% of the total holdings value. On the other hand, small-cap stocks make up only 1.9% of the portfolio. The average market cap of the portfolio companies is close to $225 billion.

The complete list of Dover Advisors trades based on 13F SEC filings

These positions were updated on April 29th 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
Microsoft Corporation
192.62%
31,542
$13,270,350,000 9.09%
Apple Inc
50.93%
54,849
$9,405,507,000 6.44%
Amazon.com Inc.
91.47%
22,502
$4,058,911,000 2.78%
UDR Inc
31.88%
101,829
$3,809,408,000 2.61%
Eaton Corp Plc
42.74%
11,802
$3,690,249,000 2.53%
Jpmorgan Chase Co
92.73%
16,677
$3,340,403,000 2.29%
Alphabet Inc
59.46%
21,433
$3,234,883,000 2.22%
Unitedhealth Group Inc
64.58%
6,379
$3,155,691,000 2.16%
KLA Corp.
41.61%
4,067
$2,841,084,000 1.95%
RTX Corp
53.82%
28,154
$2,745,860,000 1.88%
Abbott Labs
66.71%
23,595
$2,681,808,000 1.84%
Lowes Cos Inc
41.37%
10,176
$2,592,132,000 1.78%
Palo Alto Networks Inc
28.82%
9,048
$2,570,808,000 1.76%
Berkshire Hathaway Inc.
394.55%
5,984
$2,516,392,000 1.72%
Pepsico Inc
50.54%
14,363
$2,513,669,000 1.72%
Nike, Inc.
33.04%
24,805
$2,331,174,000 1.60%
Johnson Johnson
72.51%
14,536
$2,299,450,000 1.58%
Disney Walt Co
45.70%
18,768
$2,296,452,000 1.57%
Chevron Corp.
75.98%
13,978
$2,204,890,000 1.51%
Thermo Fisher Scientific Inc.
47.74%
3,457
$2,009,243,000 1.38%
Exxon Mobil Corp.
43.62%
16,999
$1,975,964,000 1.35%
Honeywell International Inc
74.05%
9,310
$1,910,878,000 1.31%
Home Depot, Inc.
114.59%
4,676
$1,793,714,000 1.23%
Accenture Plc Ireland
43.13%
4,915
$1,703,588,000 1.17%
NextEra Energy Inc
43.56%
26,499
$1,693,551,000 1.16%
American Express Co.
65.45%
7,437
$1,693,331,000 1.16%
Ingredion Inc
Opened
14,000
$1,635,900,000 1.12%
Taiwan Semiconductor Mfg Ltd
142.22%
11,825
$1,608,791,000 1.10%
Parker-Hannifin Corp.
42.93%
2,880
$1,600,675,000 1.10%
Abbvie Inc
32.97%
8,248
$1,501,961,000 1.03%
Microchip Technology, Inc.
40.46%
16,376
$1,469,091,000 1.01%
Ishares Tr
226.93%
18,393
$1,648,607,000 1.13%
Merck Co Inc
68.21%
10,377
$1,369,245,000 0.94%
Gallagher Arthur J Co
74.93%
5,400
$1,350,216,000 0.92%
Kinsale Cap Group Inc
Opened
2,567
$1,347,008,000 0.92%
Expedia Group Inc
54.23%
9,229
$1,271,295,000 0.87%
Procter And Gamble Co
85.12%
7,688
$1,247,378,000 0.85%
Eli Lilly Co
8.30%
1,565
$1,217,507,000 0.83%
Adobe Inc
75.42%
2,412
$1,217,095,000 0.83%
Duke Energy Corp.
124.32%
12,035
$1,163,905,000 0.80%
Jacobs Solutions Inc
22.40%
7,485
$1,150,669,000 0.79%
Linde Plc.
23.83%
2,458
$1,141,299,000 0.78%
Marsh Mclennan Cos Inc
Opened
5,394
$1,111,056,000 0.76%
Oracle Corp.
36.93%
8,394
$1,054,370,000 0.72%
Mcdonalds Corp
91.20%
3,715
$1,047,444,000 0.72%
J P Morgan Exchange Traded F
98.94%
17,600
$1,018,336,000 0.70%
Becton Dickinson Co
80.63%
4,075
$1,008,359,000 0.69%
Blackrock Inc.
73.93%
1,181
$984,600,000 0.67%
Air Prods Chems Inc
282.92%
4,036
$977,802,000 0.67%
Mondelez International Inc.
6.27%
13,735
$961,450,000 0.66%
Salesforce Inc
53.43%
3,176
$956,548,000 0.66%
Constellation Brands, Inc.
28.59%
3,486
$947,355,000 0.65%
Norfolk Southn Corp
27.52%
3,637
$926,962,000 0.64%
Emerson Elec Co
Opened
8,157
$925,167,000 0.63%
Lauder Estee Cos Inc
20.94%
5,978
$921,509,000 0.63%
Verizon Communications Inc
50.12%
21,936
$920,435,000 0.63%
Albemarle Corp.
79.86%
6,905
$909,665,000 0.62%
Broadcom Inc.
217.16%
647
$857,540,000 0.59%
Costco Whsl Corp New
205.83%
1,101
$806,876,000 0.55%
Invesco Exch Trd Slf Idx Fd
Opened
126,157
$2,502,379,000 1.71%
Brixmor Ppty Group Inc
26.08%
33,232
$779,290,000 0.53%
Dominion Energy Inc
17.18%
15,728
$773,660,000 0.53%
Ishares Tr
Opened
38,996
$3,042,289,000 2.08%
Philip Morris International Inc
21.22%
7,925
$726,088,000 0.50%
Netflix Inc.
51.22%
1,178
$715,435,000 0.49%
Coca-Cola Co
Opened
11,180
$683,992,000 0.47%
Visa Inc
39.24%
2,434
$679,281,000 0.47%
Carrier Global Corporation
0.92%
11,012
$640,128,000 0.44%
Pfizer Inc.
49.35%
22,559
$626,012,000 0.43%
Intel Corp.
21.45%
13,994
$618,115,000 0.42%
Halliburton Co.
66.53%
15,386
$606,516,000 0.42%
Fortinet Inc
119.27%
8,464
$578,176,000 0.40%
Crown Castle Inc
Opened
5,138
$543,755,000 0.37%
Cisco Sys Inc
Opened
10,610
$529,545,000 0.36%
General Dynamics Corp.
107.70%
1,861
$525,714,000 0.36%
Canadian Pacific Kansas City
112.47%
5,539
$488,374,000 0.33%
Elevance Health Inc
6.13%
865
$448,537,000 0.31%
Zoetis Inc
26.11%
2,642
$447,053,000 0.31%
Masco Corp.
1.37%
5,631
$444,173,000 0.30%
Altria Group Inc.
37.16%
9,705
$423,332,000 0.29%
Otis Worldwide Corporation
8.95%
4,261
$422,989,000 0.29%
Markel Group Inc
Opened
272
$413,843,000 0.28%
Alphabet Inc
Opened
2,660
$405,012,000 0.28%
International Business Machs
Opened
1,851
$353,467,000 0.24%
Comcast Corp New
30.61%
7,741
$335,572,000 0.23%
Bank America Corp
Opened
8,695
$329,714,000 0.23%
Cummins Inc.
3.33%
1,085
$319,695,000 0.22%
MetLife, Inc.
6.29%
4,273
$316,672,000 0.22%
Yum Brands Inc.
10.82%
2,283
$316,538,000 0.22%
United Parcel Service, Inc.
Closed
1,983
$311,787,000
Starbucks Corp.
Opened
3,225
$294,733,000 0.20%
Medtronic Plc
Closed
3,403
$282,618,000
Invesco Exchng Trad Slf Inde
Opened
13,909
$281,657,000 0.19%
Blackstone Inc
1.95%
2,090
$274,563,000 0.19%
Bristol-Myers Squibb Co.
Opened
4,828
$261,822,000 0.18%
Spdr Gold Tr
Opened
1,261
$259,413,000 0.18%
Genuine Parts Co.
Opened
1,671
$258,888,000 0.18%
Caterpillar Inc.
Opened
697
$255,402,000 0.17%
Walmart Inc
Opened
4,167
$250,728,000 0.17%
Att Inc
13.27%
13,502
$237,635,000 0.16%
Texas Instrs Inc
Opened
1,310
$228,215,000 0.16%
Aon plc.
Opened
678
$226,262,000 0.16%
Truist Finl Corp
Opened
5,285
$206,009,000 0.14%
Tjx Cos Inc New
Opened
2,000
$202,840,000 0.14%
Grab Holdings Limited
Opened
27,328
$85,810,000 0.06%
No transactions found
Showing first 500 out of 105 holdings