Pitti Wealth Management 13F annual report
Pitti Wealth Management is an investment fund managing more than $91.4 billion ran by Salvatore Pitti. There are currently 46 companies in Mr. Pitti’s portfolio. The largest investments include First Tr Exchng Traded Fd Vi and First Tr Exchng Traded Fd Vi, together worth $33.2 billion.
$91.4 billion Assets Under Management (AUM)
As of 2nd August 2024, Pitti Wealth Management’s top holding is 785,821 shares of First Tr Exchng Traded Fd Vi currently worth over $20.9 billion and making up 22.9% of the portfolio value.
In addition, the fund holds 498,444 shares of First Tr Exchng Traded Fd Vi worth $12.2 billion.
The third-largest holding is Ishares Tr worth $12.5 billion and the next is Vanguard Index Fds worth $5.55 billion, with 23,403 shares owned.
Currently, Pitti Wealth Management's portfolio is worth at least $91.4 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 Pitti Wealth Management
The Pitti Wealth Management office and employees reside in Victor, New York. According to the last 13-F report filed with the SEC, Salvatore Pitti serves as the Chief Compliance Officer at Pitti Wealth Management.
Recent trades
In the most recent 13F filing, Pitti Wealth Management revealed that it had opened a new position in
First Tr Exchng Traded Fd Vi and bought 498,444 shares worth $12.2 billion.
The investment fund also strengthened its position in Vanguard Index Fds by buying
369 additional shares.
This makes their stake in Vanguard Index Fds total 23,403 shares worth $5.55 billion.
On the other hand, there are companies that Pitti Wealth Management is getting rid of from its portfolio.
Pitti Wealth Management closed its position in First Tr Exchng Traded Fd Vi on 9th August 2024.
It sold the previously owned 135,806 shares for $3.86 billion.
Salvatore Pitti also disclosed a decreased stake in First Tr Exchng Traded Fd Vi by approximately 0.1%.
This leaves the value of the investment at $20.9 billion and 785,821 shares.
One of the smallest hedge funds
The two most similar investment funds to Pitti Wealth Management are Totem Point Management and Hudson Portfolio Management. They manage $91.4 billion and $91.4 billion respectively.
Salvatore Pitti investment strategy
Pitti Wealth Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 8.8% of
the total portfolio value.
The fund focuses on investments in the United States as
47.8% 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
52% of the total holdings value.
On the other hand, small-cap stocks make up only 2.2% of the portfolio.
The average market cap of the portfolio companies is close to $357 billion.
The complete list of Pitti Wealth Management trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| First Tr Exchng Traded Fd Vi |
0.06%
785,821
|
$20,939,870,000 | 22.91% |
| First Tr Exchng Traded Fd Vi |
Opened
498,444
|
$12,234,121,000 | 13.39% |
| Ishares Tr |
17.73%
122,873
|
$12,485,340,000 | 13.66% |
| Vanguard Index Fds |
1.60%
23,403
|
$5,551,697,000 | 6.08% |
| First Tr Exchng Traded Fd Vi |
Closed
135,806
|
$3,858,248,000 | |
| Johnson Johnson |
0.03%
21,942
|
$3,439,249,000 | 3.76% |
| Exxon Mobil Corp. |
0.14%
33,244
|
$3,323,701,000 | 3.64% |
| Spdr Sp 500 Etf Tr |
0.64%
6,164
|
$2,930,046,000 | 3.21% |
| Meta Platforms Inc |
5.19%
6,969
|
$2,466,747,000 | 2.70% |
| Boeing Co. |
2.48%
7,750
|
$2,020,115,000 | 2.21% |
| Vanguard Specialized Funds |
1.16%
10,488
|
$1,787,121,000 | 1.96% |
| Amazon.com Inc. |
2.32%
11,269
|
$1,712,212,000 | 1.87% |
| Alphabet Inc |
1.54%
15,191
|
$2,127,119,000 | 2.33% |
| First Tr Exchange-traded Fd |
0.03%
33,811
|
$1,597,584,000 | 1.75% |
| Apple Inc |
5.51%
6,928
|
$1,333,831,000 | 1.46% |
| Microsoft Corporation |
3.95%
3,475
|
$1,306,611,000 | 1.43% |
| Netflix Inc. |
12.35%
2,647
|
$1,288,771,000 | 1.41% |
| NVIDIA Corp |
14.76%
2,193
|
$1,086,124,000 | 1.19% |
| Eli Lilly Co |
0.84%
1,659
|
$967,155,000 | 1.06% |
| BP plc |
No change
25,127
|
$889,496,000 | 0.97% |
| Lowes Cos Inc |
0.30%
3,965
|
$882,439,000 | 0.97% |
| Bank America Corp |
4.16%
25,466
|
$857,444,000 | 0.94% |
| Medtronic Plc |
1.61%
8,575
|
$706,443,000 | 0.77% |
| Qualcomm, Inc. |
9.90%
4,741
|
$685,653,000 | 0.75% |
| PayPal Holdings Inc |
1.27%
10,585
|
$650,025,000 | 0.71% |
| Marriott Intl Inc New |
16.96%
2,827
|
$637,419,000 | 0.70% |
| Diageo plc |
0.91%
4,013
|
$584,605,000 | 0.64% |
| Powershares Actively Managed |
3.69%
11,495
|
$573,384,000 | 0.63% |
| Vanguard Star Fds |
7.95%
8,739
|
$506,499,000 | 0.55% |
| Jpmorgan Chase Co. |
2.16%
2,837
|
$482,587,000 | 0.53% |
| Paychex Inc. |
0.15%
3,928
|
$467,879,000 | 0.51% |
| Royal Caribbean Group |
7.64%
3,396
|
$439,748,000 | 0.48% |
| Home Depot, Inc. |
1.64%
1,237
|
$428,793,000 | 0.47% |
| Proshares Tr |
Closed
9,795
|
$413,153,000 | |
| Verizon Communications Inc |
0.39%
9,941
|
$374,787,000 | 0.41% |
| Block Inc |
6.78%
4,739
|
$366,562,000 | 0.40% |
| Tesla Inc |
3.29%
1,439
|
$357,563,000 | 0.39% |
| Invesco Exch Traded Fd Tr Ii |
No change
1,824
|
$307,419,000 | 0.34% |
| Stryker Corp. |
0.88%
1,026
|
$307,178,000 | 0.34% |
| Ford Mtr Co Del |
0.35%
24,781
|
$302,080,000 | 0.33% |
| Sherwin-Williams Co. |
5.72%
961
|
$299,585,000 | 0.33% |
| Henry Jack Assoc Inc |
No change
1,800
|
$294,138,000 | 0.32% |
| Spdr Dow Jones Indl Average |
2.66%
769
|
$289,770,000 | 0.32% |
| Aim Etf Products Trust |
Opened
10,821
|
$287,227,000 | 0.31% |
| Vanguard Bd Index Fds |
4.56%
3,580
|
$263,314,000 | 0.29% |
| Mastercard Incorporated |
0.81%
497
|
$211,975,000 | 0.23% |
| Constellation Brands Inc |
1.17%
865
|
$209,196,000 | 0.23% |
| Hilton Worldwide Holdings Inc |
Closed
975
|
$205,516,000 | |
| Ultralife Corp |
5.23%
18,120
|
$123,578,000 | 0.14% |
| Soundhound Ai Inc |
Closed
11,144
|
$53,157,000 | |
| No transactions found | |||
| Showing first 500 out of 50 holdings | |||
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