Capstone 13F annual report
Capstone is an investment fund managing more than $129 million ran by Michael Dunham. There are currently 156 companies in Mr. Dunham’s portfolio. The largest investments include Ishares Agency Bond Etf and Apple, together worth $24.7 million.
$129 million Assets Under Management (AUM)
As of 7th October 2020, Capstone’s top holding is 109,906 shares of Ishares Agency Bond Etf currently worth over $13.3 million and making up 10.3% of the portfolio value.
In addition, the fund holds 100,712 shares of Apple worth $11.4 million, whose value grew 68.8% in the past six months.
The third-largest holding is Shopify Inc Cls A worth $7.8 million and the next is Amazon.com worth $6.45 million, with 2,079 shares owned.
Currently, Capstone's portfolio is worth at least $129 million. 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 Capstone
The Capstone office and employees reside in Oklahoma City, Oklahoma. According to the last 13-F report filed with the SEC, Michael Dunham serves as the President and Chief Compliance Officer at Capstone.
Recent trades
In the most recent 13F filing, Capstone revealed that it had opened a new position in
Zillow Group Inc Cl C Cap Stk and bought 21,308 shares worth $2.24 million.
The investment fund also strengthened its position in Ishares Agency Bond Etf by buying
1,055 additional shares.
This makes their stake in Ishares Agency Bond Etf total 109,906 shares worth $13.3 million.
On the other hand, there are companies that Capstone is getting rid of from its portfolio.
Capstone closed its position in Abb Ltd Sponsored Adr on 9th October 2020.
It sold the previously owned 15,309 shares for $367 thousand.
Michael Dunham also disclosed a decreased stake in Shopify Inc Cls A by 0.2%.
This leaves the value of the investment at $7.8 million and 7,495 shares.
One of the smallest hedge funds
The two most similar investment funds to Capstone are Castine Capital Management and Detalus Advisors. They manage $129 million and $129 million respectively.
Michael Dunham investment strategy
Capstone’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 14.4% of
the total portfolio value.
The fund focuses on investments in the United States as
21.8% 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
19% 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 $228 billion.
The complete list of Capstone trades based on 13F SEC filings
These positions were updated on October 9th 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 Agency Bond Etf |
0.97%
109,906
|
$13,283,000 | 10.27% |
| Apple, Inc. |
284.56%
100,712
|
$11,397,000 | 8.81% |
| Shopify Inc Cls A |
16.42%
7,495
|
$7,804,000 | 6.03% |
| Amazon.com, Inc. |
1.33%
2,079
|
$6,445,000 | 4.98% |
| Pimco Enhanced Short Maturity Active Exchange-traded Fund |
0.60%
37,294
|
$3,801,000 | 2.94% |
| Microsoft Corp Com |
8.41%
18,397
|
$3,788,000 | 2.93% |
| MongoDB, Inc. |
3.16%
15,229
|
$3,753,000 | 2.90% |
| VanEck Vectors Fallen Angel High Yield Bond ETF |
130.57%
113,986
|
$3,408,000 | 2.63% |
| Abbott Labs Com |
0.50%
27,004
|
$2,869,000 | 2.22% |
| Paypal Hldgs Inc Com |
0.01%
14,612
|
$2,801,000 | 2.16% |
| Walmart, Inc. |
25.66%
18,968
|
$2,667,000 | 2.06% |
| Verizon Communications, Inc. |
3.65%
44,381
|
$2,639,000 | 2.04% |
| Vanguard Mega Cap Growth Etf |
8.51%
13,441
|
$2,474,000 | 1.91% |
| Intel Corp Com |
2.01%
45,194
|
$2,322,000 | 1.79% |
| Zillow Group Inc Cl C Cap Stk |
Opened
21,308
|
$2,237,000 | 1.73% |
| Alphabet Inc Cap Stk Cl C |
5.87%
1,514
|
$2,201,000 | 1.70% |
| Cisco Sys Inc Com |
4.43%
52,615
|
$2,029,000 | 1.57% |
| Bancfirst Corp Com |
5.37%
45,416
|
$1,978,000 | 1.53% |
| Southwest Airls Co Com |
0.33%
50,371
|
$1,893,000 | 1.46% |
| Disney Walt Co Com Disney |
3.53%
13,241
|
$1,601,000 | 1.24% |
| Applied Matls Inc Com |
1.39%
26,329
|
$1,590,000 | 1.23% |
| Rio Tinto Plc Sponsored Adr |
3.57%
26,130
|
$1,558,000 | 1.20% |
| Berkshire Hathaway Inc Del Cl B New |
3.96%
7,298
|
$1,534,000 | 1.19% |
| Coca Cola Co Com |
9.97%
30,691
|
$1,502,000 | 1.16% |
| Check Point Software Tech Ltd Ord |
2.21%
12,389
|
$1,500,000 | 1.16% |
| American Tower Corp New Com |
0.72%
6,209
|
$1,496,000 | 1.16% |
| Vanguard High Dividend Yield Etf |
8.04%
17,927
|
$1,465,000 | 1.13% |
| Expedia Group Inc Com New |
1.57%
15,705
|
$1,443,000 | 1.12% |
| Glaxosmithkline Plc Sponsored Adr |
6.16%
38,995
|
$1,435,000 | 1.11% |
| Merck Co. Inc Com |
4.09%
17,960
|
$1,430,000 | 1.11% |
| Conagra Brands, Inc. |
2.03%
36,470
|
$1,344,000 | 1.04% |
| Diageo Plc Spon Adr New |
6.17%
9,538
|
$1,319,000 | 1.02% |
| Vanguard Short-term Corporate Bond Index Fund |
4.39%
15,883
|
$1,315,000 | 1.02% |
| Wisdomtree U.s. Smallcap Dividend Fund |
8.39%
56,876
|
$1,254,000 | 0.97% |
| International Business Machs Com |
1.14%
9,952
|
$1,214,000 | 0.94% |
| Pfizer Inc. |
1.96%
32,203
|
$1,165,000 | 0.90% |
| Iq 50 Percent Hedged Ftse International Etf |
9.05%
57,829
|
$1,156,000 | 0.89% |
| SPDR Portfolio Short Term Treasury ETF |
27.31%
36,185
|
$1,110,000 | 0.86% |
| Iq Merger Arbitrage Etf |
0.67%
31,848
|
$1,072,000 | 0.83% |
| Aberdeen Standard Physical Gold Shares Etf |
2.69%
50,379
|
$915,000 | 0.71% |
| Canopy Growth Corp Com |
23.48%
59,192
|
$848,000 | 0.66% |
| Vanguard Utilities Index Fund |
0.98%
6,192
|
$833,000 | 0.64% |
| Pimco Enhanced Low Duration Active Exchange-traded Fund |
4.50%
7,333
|
$748,000 | 0.58% |
| Vanguard Small-cap Growth Index Fund |
2.94%
3,225
|
$716,000 | 0.55% |
| Vanguard Intermediate-term Bond Index Fund |
3.70%
7,683
|
$715,000 | 0.55% |
| Nvidia Corporation Com |
11.66%
1,053
|
$579,000 | 0.45% |
| Ishares Core Sp 500 Etf |
1.08%
1,495
|
$502,000 | 0.39% |
| Visa, Inc. |
No change
2,487
|
$499,000 | 0.39% |
| Iq Mackay Municipal Insured Etf |
Opened
18,242
|
$495,000 | 0.38% |
| Wisdomtree Emerging Markets Ex-state-owned Enterprises Fund |
1.81%
13,926
|
$476,000 | 0.37% |
| Mccormick Co Inc Com Non Vtg |
2.00%
2,005
|
$384,000 | 0.30% |
| Albemarle Corp Com |
1.15%
4,039
|
$379,000 | 0.29% |
| Att Inc Com |
6.61%
13,037
|
$374,000 | 0.29% |
| Abb Ltd Sponsored Adr |
Closed
15,309
|
$367,000 | |
| Church Dwight Inc Com |
2.09%
4,075
|
$366,000 | 0.28% |
| Mcdonalds Corp Com |
29.47%
1,630
|
$365,000 | 0.28% |
| Clorox Co Del Com |
1.02%
1,690
|
$357,000 | 0.28% |
| Sherwin Williams Co Com |
0.39%
514
|
$351,000 | 0.27% |
| Sysco Corp Com |
8.20%
5,278
|
$341,000 | 0.26% |
| Cincinnati Finl Corp Com |
7.87%
4,237
|
$339,000 | 0.26% |
| Dover Corp Com |
1.68%
3,028
|
$333,000 | 0.26% |
| Hasbro, Inc. |
9.46%
3,969
|
$330,000 | 0.26% |
| Ecolab, Inc. |
3.52%
1,645
|
$323,000 | 0.25% |
| Agnc Invt Corp Com |
Opened
22,872
|
$319,000 | 0.25% |
| Berkshire Hathaway Inc. |
No change
1
|
$315,000 | 0.24% |
| Medtronic Plc Shs |
76.35%
3,040
|
$314,000 | 0.24% |
| Republic Svcs Inc Com |
4.78%
3,400
|
$314,000 | 0.24% |
| Conocophillips Com |
No change
9,276
|
$309,000 | 0.24% |
| L3Harris Technologies, Inc. |
4.26%
1,736
|
$302,000 | 0.23% |
| Pepsico Inc Com |
Opened
2,052
|
$278,000 | 0.21% |
| AbbVie, Inc. |
1,170.52%
3,189
|
$274,000 | 0.21% |
| Emerson Elec Co Com |
2.71%
4,022
|
$271,000 | 0.21% |
| Paycom Software, Inc. |
No change
780
|
$265,000 | 0.20% |
| Chubb Limited Com |
Closed
2,014
|
$256,000 | |
| Schwab U.s. Broad Market Etf |
5.54%
3,188
|
$255,000 | 0.20% |
| Aflac, Inc. |
11.63%
6,651
|
$249,000 | 0.19% |
| Phillips 66 Com |
No change
4,794
|
$245,000 | 0.19% |
| Vanguard Small-cap Value Index Fund |
14.91%
2,089
|
$242,000 | 0.19% |
| Schwab Short-term U.s. Treasury Etf |
No change
4,416
|
$227,000 | 0.18% |
| Viacomcbs Inc Cl B |
No change
7,328
|
$208,000 | 0.16% |
| Vaneck Vectors Gold Miners Etf |
70.39%
5,444
|
$207,000 | 0.16% |
| The Home Depot, Inc. |
No change
700
|
$194,000 | 0.15% |
| Pimco Investment Grade Corporate Bond Index Exchange-traded Fund |
No change
1,623
|
$186,000 | 0.14% |
| Healthpeak Properties Inc Com |
Closed
6,852
|
$185,000 | |
| Moderna, Inc. |
12.14%
2,568
|
$182,000 | 0.14% |
| Travelers Companies Inc Com |
No change
1,634
|
$182,000 | 0.14% |
| Digital Rlty Tr Inc Com |
2.18%
1,172
|
$179,000 | 0.14% |
| Alphabet Inc Cap Stk Cl A |
1.68%
121
|
$176,000 | 0.14% |
| Southern Co Com |
No change
3,000
|
$173,000 | 0.13% |
| Ishares Sp 500 Value Etf |
2.77%
1,520
|
$172,000 | 0.13% |
| SmileDirectClub, Inc. |
Opened
14,563
|
$170,000 | 0.13% |
| Jpmorgan Chase Co Com |
42.74%
1,463
|
$143,000 | 0.11% |
| Continental Res Inc Com |
289.67%
11,203
|
$142,000 | 0.11% |
| Thermo Fisher Scientific, Inc. |
No change
300
|
$134,000 | 0.10% |
| NIKE, Inc. |
No change
1,000
|
$128,000 | 0.10% |
| Spdr Bloomberg Barclays Investment Grade Floating Rate Etf |
No change
4,008
|
$123,000 | 0.10% |
| United Parcel Service, Inc. |
84.87%
721
|
$122,000 | 0.09% |
| Bunge Limited Com |
23.84%
2,552
|
$121,000 | 0.09% |
| Ishares 1-5 Year Investment Grade Corporate Bond Etf |
No change
2,160
|
$118,000 | 0.09% |
| Eaton Corp Plc Shs |
No change
1,128
|
$118,000 | 0.09% |
| Ishares Treasury Floating Rate Bond Etf |
No change
2,307
|
$116,000 | 0.09% |
| Boyd Gaming Corp Com |
Closed
6,103
|
$112,000 | |
| Netflix, Inc. |
Opened
195
|
$99,000 | 0.08% |
| Live Oak Bancshares, Inc. |
Opened
3,406
|
$97,000 | 0.07% |
| Energy Transfer Lp Com Ut Ltd Ptn |
Closed
15,150
|
$96,000 | |
| Procter And Gamble Co Com |
140.85%
684
|
$95,000 | 0.07% |
| Costco Whsl Corp New Com |
31.66%
262
|
$94,000 | 0.07% |
| Johnson Johnson Com |
5.17%
631
|
$92,000 | 0.07% |
| Guess Inc Com |
Opened
6,565
|
$87,000 | 0.07% |
| Spdr Gold Shares |
147.47%
490
|
$87,000 | 0.07% |
| Firstenergy Corp Com |
No change
2,836
|
$86,000 | 0.07% |
| Madden Steven Ltd Com |
184.64%
4,207
|
$84,000 | 0.06% |
| Raytheon Technologies Corp Com |
8.05%
1,437
|
$84,000 | 0.06% |
| Roper Technologies, Inc. |
No change
204
|
$82,000 | 0.06% |
| Facebook, Inc. |
No change
315
|
$81,000 | 0.06% |
| UnitedHealth Group, Inc. |
No change
256
|
$80,000 | 0.06% |
| American Wtr Wks Co Inc New Com |
No change
517
|
$79,000 | 0.06% |
| Wheaton Precious Metals Corp Com |
Opened
1,672
|
$79,000 | 0.06% |
| Kinder Morgan Inc Del Com |
No change
6,158
|
$76,000 | 0.06% |
| Ishares Sp 500 Growth Etf |
No change
297
|
$68,000 | 0.05% |
| Otis Worldwide Corp Com |
No change
1,053
|
$67,000 | 0.05% |
| Lockheed Martin Corp Com |
No change
175
|
$66,000 | 0.05% |
| Carrier Global Corporation Com |
No change
2,106
|
$66,000 | 0.05% |
| The Williams Cos., Inc. |
No change
3,318
|
$64,000 | 0.05% |
| Mercury Genl Corp New Com |
53.83%
1,523
|
$63,000 | 0.05% |
| Liberty Media Corp Del Com Ser A Frmla |
53.96%
1,784
|
$62,000 | 0.05% |
| Tesla, Inc. |
733.33%
150
|
$62,000 | 0.05% |
| Cheniere Energy Inc Com New |
Closed
1,220
|
$62,000 | |
| RingCentral, Inc. |
Closed
200
|
$57,000 | |
| Oracle Corp Com |
Closed
1,000
|
$56,000 | |
| Union Pac Corp Com |
64.53%
277
|
$55,000 | 0.04% |
| Astrazeneca Plc Sponsored Adr |
No change
1,000
|
$54,000 | 0.04% |
| Main Str Cap Corp Com |
Closed
1,723
|
$52,000 | |
| Fedex Corp Com |
Opened
200
|
$52,000 | 0.04% |
| Prosperity Bancshares, Inc. |
53.93%
925
|
$51,000 | 0.04% |
| salesforce.com, inc. |
Opened
200
|
$50,000 | 0.04% |
| Cvs Health Corp Com |
No change
848
|
$49,000 | 0.04% |
| Boeing Co Com |
7.49%
309
|
$49,000 | 0.04% |
| Spdr Portfolio High Yield Bond Etf |
Closed
1,941
|
$48,000 | |
| Bce Inc Com New |
32.25%
1,128
|
$47,000 | 0.04% |
| Square, Inc. |
35.00%
260
|
$46,000 | 0.04% |
| Canadian Natl Ry Co Com |
No change
428
|
$46,000 | 0.04% |
| Red Rock Resorts, Inc. |
Opened
2,528
|
$44,000 | 0.03% |
| Exxon Mobil Corp Com |
6.99%
1,194
|
$40,000 | 0.03% |
| Ishares Sp Midcap Fund |
No change
204
|
$39,000 | 0.03% |
| Bank New York Mellon Corp Com |
No change
1,053
|
$37,000 | 0.03% |
| Activision Blizzard, Inc. |
No change
464
|
$36,000 | 0.03% |
| Materials Select Sector Spdr Fund |
Opened
500
|
$32,000 | 0.02% |
| Spdr Sp 600 Small Cap Value Etf |
Closed
661
|
$32,000 | |
| Infosys Ltd Sponsored Adr |
Closed
3,000
|
$31,000 | |
| Wells Fargo Co New Com |
15.46%
1,181
|
$29,000 | 0.02% |
| Ark Genomic Revolution Etf |
Closed
500
|
$28,000 | |
| Devon Energy Corp New Com |
1.86%
2,906
|
$28,000 | 0.02% |
| Chevron Corp New Com |
17.96%
394
|
$28,000 | 0.02% |
| Oge Energy Corp Com |
5.75%
846
|
$27,000 | 0.02% |
| Barrick Gold Corp Com |
No change
1,000
|
$27,000 | 0.02% |
| Johnson Ctls Intl Plc Shs |
Opened
622
|
$26,000 | 0.02% |
| Ishares Sp Small-cap Fund |
No change
342
|
$25,000 | 0.02% |
| Pretium Res Inc Com |
Opened
2,000
|
$25,000 | 0.02% |
| 3m Co Com |
No change
154
|
$25,000 | 0.02% |
| Hecla Mng Co Com |
Opened
5,000
|
$25,000 | 0.02% |
| Eog Res Inc Com |
Closed
491
|
$24,000 | |
| iShares Core 1-5 Year USD Bond ETF |
No change
452
|
$23,000 | 0.02% |
| Ishares Floating Rate Bond Etf |
No change
445
|
$23,000 | 0.02% |
| Ark Innovation Etf |
Opened
226
|
$22,000 | 0.02% |
| Sixth Street Specialty Lendnin 4.5 08/01/2022 |
No change
20,000
|
$21,000 | 0.02% |
| Ark Next Generation Internet Etf |
Opened
192
|
$21,000 | 0.02% |
| Commercial Metals Co Com |
Opened
1,000
|
$21,000 | 0.02% |
| Freeport-McMoRan, Inc. |
Opened
1,335
|
$21,000 | 0.02% |
| Bristol-myers Squibb Co Com |
Closed
332
|
$20,000 | |
| Biogen, Inc. |
Closed
75
|
$20,000 | |
| Prospect Cap Corp 6.375 03/01/2025 |
No change
15,000
|
$15,000 | 0.01% |
| Whiting Pete Corp New 125 04012020 |
Closed
15,000
|
$2,000 | |
| No transactions found | |||
| Showing first 500 out of 173 holdings | |||
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