Liberty Wealth Management 13F annual report

Liberty Wealth Management is an investment fund managing more than $404 billion ran by Tony Kai. There are currently 121 companies in Mr. Kai’s portfolio. The largest investments include Ishares Tr and Dimensional Etf Trust, together worth $269 billion.

$404 billion Assets Under Management (AUM)

As of 3rd August 2023, Liberty Wealth Management’s top holding is 1,721,933 shares of Ishares Tr currently worth over $153 billion and making up 37.9% of the portfolio value. In addition, the fund holds 4,252,949 shares of Dimensional Etf Trust worth $115 billion. The third-largest holding is Apple Inc worth $20 billion and the next is Vanguard Index Fds worth $22.4 billion, with 108,327 shares owned.

Currently, Liberty Wealth Management's portfolio is worth at least $404 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 Liberty Wealth Management

The Liberty Wealth Management office and employees reside in Oakland, California. According to the last 13-F report filed with the SEC, Tony Kai serves as the Operations Manager at Liberty Wealth Management.

Recent trades

In the most recent 13F filing, Liberty Wealth Management revealed that it had opened a new position in Broadcom and bought 1,587 shares worth $1.38 billion. This means they effectively own approximately 0.1% of the company. Broadcom makes up 8.0% of the fund's Technology sector allocation and has decreased its share price by 16.9% in the past year.

The investment fund also strengthened its position in Ishares Tr by buying 46,528 additional shares. This makes their stake in Ishares Tr total 1,721,933 shares worth $153 billion.

On the other hand, there are companies that Liberty Wealth Management is getting rid of from its portfolio. Liberty Wealth Management closed its position in Vanguard Scottsdale Fds on 10th August 2023. It sold the previously owned 208,974 shares for $10.6 billion. Tony Kai also disclosed a decreased stake in Dimensional Etf Trust by 0.1%. This leaves the value of the investment at $115 billion and 4,252,949 shares.

One of the average hedge funds

The two most similar investment funds to Liberty Wealth Management are Bellecapital International and Ninety One S.A. (PTY) Ltd. They manage $404 billion and $404 billion respectively.


Tony Kai investment strategy

Liberty Wealth Management’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 7.2% of the total portfolio value. The fund focuses on investments in the United States as 45.5% 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 44% of the total holdings value. On the other hand, small-cap stocks make up only 5.0% of the portfolio. The average market cap of the portfolio companies is close to $253 billion.

The complete list of Liberty Wealth Management trades based on 13F SEC filings

These positions were updated on August 10th 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
Ishares Tr
2.78%
1,721,933
$153,262,950,000 37.92%
Dimensional Etf Trust
11.04%
4,252,949
$115,481,221,000 28.57%
Apple Inc
44.99%
103,002
$19,979,396,000 4.94%
Vanguard Index Fds
0.74%
108,327
$22,381,941,000 5.54%
Vanguard Scottsdale Fds
Closed
208,974
$10,575,746,000
Schwab Strategic Tr
Closed
1,108,458
$44,717,932,000
Microsoft Corporation
12.76%
17,030
$5,799,061,000 1.43%
Vanguard Intl Equity Index F
2.36%
111,810
$5,959,433,000 1.47%
Tesla Inc
1.14%
18,327
$4,797,438,000 1.19%
Ishares Inc
1.73%
96,084
$4,619,099,000 1.14%
Chevron Corp.
9.45%
20,182
$3,168,906,000 0.78%
Applied Matls Inc
0.23%
21,226
$3,067,954,000 0.76%
Spdr Ser Tr
Closed
146,820
$3,595,825,000
Oracle Corp.
34.25%
23,753
$2,828,678,000 0.70%
Amazon.com Inc.
19.79%
18,146
$2,365,485,000 0.59%
Berkshire Hathaway Inc.
1.92%
5,509
$1,878,569,000 0.46%
Vanguard World Fds
2.14%
21,629
$4,410,462,000 1.09%
Ishares Gold Tr
21.83%
41,545
$1,511,531,000 0.37%
Meta Platforms Inc
3.29%
5,017
$1,439,779,000 0.36%
Broadcom Inc.
Opened
1,587
$1,376,449,000 0.34%
Alphabet Inc
18.00%
18,517
$2,230,766,000 0.55%
NVIDIA Corp
44.83%
3,117
$1,312,829,000 0.32%
Vanguard Tax-managed Fds
4.99%
26,899
$1,206,978,000 0.30%
Vanguard Bd Index Fds
20.41%
28,854
$2,032,223,000 0.50%
Procter And Gamble Co
0.15%
6,685
$1,014,399,000 0.25%
Vanguard Scottsdale Fds
1.41%
15,052
$976,535,000 0.24%
Abbvie Inc
0.56%
7,047
$949,435,000 0.23%
Home Depot, Inc.
0.62%
2,110
$948,954,000 0.23%
Analog Devices Inc.
Closed
4,686
$925,639,000
Intuit Inc
12.81%
1,964
$897,157,000 0.22%
MSCI Inc
0.79%
1,883
$883,673,000 0.22%
Honeywell International Inc
Closed
4,520
$853,929,000
Advanced Micro Devices Inc.
1.56%
7,399
$842,827,000 0.21%
Visa Inc
4.70%
3,446
$818,354,000 0.20%
AMGEN Inc.
12.73%
2,480
$792,149,000 0.20%
Fidelity Covington Trust
6.98%
5,530
$722,415,000 0.18%
Vanguard World Fd
2.87%
3,014
$709,265,000 0.18%
United Parcel Service, Inc.
4.76%
3,900
$699,138,000 0.17%
Disney Walt Co
1.42%
7,768
$693,571,000 0.17%
First Tr Morningstar Divid L
23.54%
20,331
$691,468,000 0.17%
Lockheed Martin Corp.
0.68%
1,464
$673,902,000 0.17%
JPMorgan Chase & Co.
36.92%
4,536
$659,772,000 0.16%
Wells Fargo Co New
0.15%
14,795
$631,452,000 0.16%
Pepsico Inc
17.05%
3,405
$630,592,000 0.16%
Automatic Data Processing In
0.07%
2,795
$614,372,000 0.15%
International Business Machs
2.14%
4,580
$612,881,000 0.15%
Pacer Fds Tr
17.89%
12,502
$598,464,000 0.15%
Lilly Eli & Co
2.17%
1,217
$570,796,000 0.14%
Bank America Corp
12.49%
19,665
$564,171,000 0.14%
Merck & Co Inc
3.64%
4,760
$549,213,000 0.14%
Select Sector Spdr Tr
6.05%
10,960
$809,294,000 0.20%
Dbx Etf Tr
3.46%
15,201
$537,672,000 0.13%
Sentinelone Inc
No change
33,780
$510,078,000 0.13%
Wisdomtree Tr
38.56%
9,932
$499,778,000 0.12%
Spdr S&p 500 Etf Tr
24.63%
1,111
$492,454,000 0.12%
Boeing Co.
68.31%
2,312
$489,678,000 0.12%
Ishares Tr
Opened
14,399
$1,582,153,000 0.39%
Starbucks Corp.
2.82%
4,854
$480,797,000 0.12%
Johnson & Johnson
33.81%
2,898
$479,788,000 0.12%
Cisco Sys Inc
21.29%
9,239
$478,029,000 0.12%
Nike, Inc.
0.42%
4,321
$476,904,000 0.12%
CVS Health Corp
Closed
6,394
$474,567,000
Spdr Ser Tr
28.37%
22,779
$861,636,000 0.21%
Ishares Tr
Closed
15,765
$839,056,000
Unitedhealth Group Inc
7.05%
923
$443,441,000 0.11%
AT&T Inc.
10.59%
27,563
$439,632,000 0.11%
Vanguard Specialized Funds
No change
2,658
$431,817,000 0.11%
Costco Whsl Corp New
58.21%
797
$429,415,000 0.11%
Coca-Cola Co
1.10%
7,102
$427,658,000 0.11%
Pulte Group Inc
0.44%
5,466
$424,569,000 0.11%
Abm Inds Inc
0.05%
9,803
$418,083,000 0.10%
Raytheon Technologies Corp
10.56%
3,246
$415,722,000 0.10%
Dbx Etf Tr
Closed
11,900
$413,316,000
Verizon Communications Inc
37.15%
10,667
$396,689,000 0.10%
Spdr Ser Tr
Opened
10,035
$389,752,000 0.10%
Centene Corp.
Closed
5,993
$381,658,000
Abbott Labs
1.86%
3,428
$373,729,000 0.09%
Public Svc Enterprise Grp In
No change
5,932
$371,403,000 0.09%
Intel Corp.
31.18%
10,965
$366,672,000 0.09%
Lowes Cos Inc
41.72%
1,517
$342,307,000 0.08%
Mastercard Incorporated
7.62%
861
$338,527,000 0.08%
SJW Group
Closed
4,360
$331,927,000
Vanguard Charlotte Fds
11.01%
6,760
$330,423,000 0.08%
Cars.com
Closed
18,000
$325,770,000
American Express Co.
0.27%
1,867
$325,198,000 0.08%
Exxon Mobil Corp.
12.31%
3,013
$323,156,000 0.08%
Spdr Gold Tr
3.77%
1,789
$318,925,000 0.08%
Tjx Cos Inc New
Closed
4,147
$314,976,000
Brainstorm Cell Therapeutics, Inc.
0.10%
150,550
$310,133,000 0.08%
Hershey Company
3.88%
1,240
$309,649,000 0.08%
MercadoLibre Inc
Closed
252
$307,473,000
Bhp Group Ltd
Closed
5,111
$307,284,000
BP plc
0.29%
8,638
$304,833,000 0.08%
Select Sector Spdr Tr
Closed
4,147
$303,426,000
Morgan Stanley
Closed
3,467
$299,898,000
First Tr Exchange Traded Fd
Closed
4,639
$296,481,000
First Tr Exchange-traded Fd
3.97%
5,709
$291,916,000 0.07%
Invesco Exchange Traded Fd T
0.62%
3,733
$289,527,000 0.07%
Caterpillar Inc.
14.95%
1,172
$288,381,000 0.07%
NextEra Energy Inc
0.96%
3,886
$288,329,000 0.07%
American Centy Etf Tr
1.24%
7,179
$486,790,000 0.12%
VanEck ETF Trust
Closed
11,301
$283,032,000
Fleetcor Technologies Inc
No change
1,110
$278,699,000 0.07%
Mcdonalds Corp
57.01%
914
$272,579,000 0.07%
Vanguard Intl Equity Index F
Closed
6,192
$271,252,000
Schwab Strategic Tr
61.34%
5,193
$268,494,000 0.07%
Union Pac Corp
3.32%
1,282
$262,329,000 0.06%
Us Bancorp Del
0.84%
7,862
$259,753,000 0.06%
Vanguard Scottsdale Fds
Opened
3,776
$251,611,000 0.06%
Novartis AG
41.42%
2,800
$250,386,000 0.06%
Vanguard Star Fds
Closed
4,513
$249,182,000
Pfizer Inc.
5.04%
6,754
$247,720,000 0.06%
Taiwan Semiconductor Mfg Ltd
Closed
2,675
$246,566,000
Philip Morris International Inc
2.96%
2,521
$246,117,000 0.06%
Kroger Co.
0.14%
5,166
$242,825,000 0.06%
Allstate Corp (The)
2.60%
2,175
$237,162,000 0.06%
Ross Stores, Inc.
0.33%
2,107
$236,223,000 0.06%
One Liberty Pptys Inc
Closed
10,322
$231,403,000
Netflix Inc.
68.33%
521
$229,468,000 0.06%
Hawaiian Elec Industries
0.96%
6,323
$228,875,000 0.06%
Genmab A/s
Closed
6,105
$225,395,000
Axon Enterprise Inc
Closed
1,000
$224,850,000
Stryker Corp.
9.22%
729
$222,536,000 0.06%
Spdr Index Shs Fds
1.05%
4,153
$221,625,000 0.05%
Vanguard Index Fds
Opened
20
$220,861,000 0.05%
Grainger W W Inc
67.44%
280
$220,680,000 0.05%
Adobe Systems Incorporated
93.05%
449
$219,689,000 0.05%
Spdr Dow Jones Indl Average
4.20%
639
$219,554,000 0.05%
Bristol-Myers Squibb Co.
0.33%
3,394
$217,031,000 0.05%
Ishares Silver Tr
5.38%
10,275
$214,645,000 0.05%
Walmart Inc
84.65%
1,361
$213,932,000 0.05%
Goldman Sachs Group, Inc.
68.21%
658
$212,247,000 0.05%
Salesforce Inc
34.47%
998
$210,760,000 0.05%
Vanguard Whitehall Fds
77.35%
1,983
$210,327,000 0.05%
Southwest Airls Co
Closed
6,808
$209,997,000
Diageo plc
1.88%
1,198
$207,904,000 0.05%
WEC Energy Group Inc
0.73%
2,354
$207,736,000 0.05%
Clorox Co.
Closed
1,307
$206,748,000
Phillips 66
Closed
1,993
$202,006,000
Comcast Corp New
Closed
5,330
$201,627,000
Trane Technologies plc
Opened
1,052
$201,242,000 0.05%
Target Corp
61.02%
1,524
$201,027,000 0.05%
Duke Energy Corp.
Closed
2,082
$200,865,000
Carrier Global Corporation
Opened
3,118
$200,663,000 0.05%
NIO Inc
Closed
18,405
$170,967,000
Ford Mtr Co Del
0.54%
10,813
$163,597,000 0.04%
First Tr Stoxx European Sele
3.09%
13,465
$152,825,000 0.04%
Natural Alternatives Intl In
33.42%
19,661
$141,559,000 0.04%
Medical Pptys Trust Inc
Closed
14,400
$111,048,000
Heritage Comm Corp
0.01%
11,399
$94,384,000 0.02%
Virtus Convertible & Income
Closed
25,792
$86,662,000
Cidara Therapeutics Inc
No change
12,000
$13,560,000 0.00%
Nektar Therapeutics
No change
19,000
$10,929,000 0.00%
Credit Suisse Group
Closed
11,500
$10,233,000
No transactions found
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