Paul Damon & Associates 13F annual report

Paul Damon & Associates is an investment fund managing more than $140 billion ran by Paul Damon. There are currently 56 companies in Mr. Damon’s portfolio. The largest investments include Schwab Strategic Tr and Wisdomtree Tr, together worth $30.2 billion.

Limited to 30 biggest holdings

$140 billion Assets Under Management (AUM)

As of 19th October 2023, Paul Damon & Associates’s top holding is 224,361 shares of Schwab Strategic Tr currently worth over $15.9 billion and making up 11.3% of the portfolio value. In addition, the fund holds 227,916 shares of Wisdomtree Tr worth $14.3 billion. The third-largest holding is Ishares Tr worth $22.1 billion and the next is Amazon.com worth $8.17 billion, with 64,231 shares owned.

Currently, Paul Damon & Associates's portfolio is worth at least $140 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 Paul Damon & Associates

The Paul Damon & Associates office and employees reside in Grand Rapids, Michigan. According to the last 13-F report filed with the SEC, Paul Damon serves as the President at Paul Damon & Associates.

Recent trades

In the most recent 13F filing, Paul Damon & Associates revealed that it had opened a new position in Invesco Exchange Traded Fd T and bought 5,712 shares worth $460 million.

The investment fund also strengthened its position in Wisdomtree Tr by buying 6,480 additional shares. This makes their stake in Wisdomtree Tr total 227,916 shares worth $14.3 billion.

On the other hand, there are companies that Paul Damon & Associates is getting rid of from its portfolio. Paul Damon & Associates closed its position in Delta Air Lines on 25th October 2023. It sold the previously owned 4,849 shares for $231 million. Paul Damon also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%. This leaves the value of the investment at $15.9 billion and 224,361 shares.

One of the smallest hedge funds

The two most similar investment funds to Paul Damon & Associates are Lagoda Investment Management, L.P. and Concorde Corp. They manage $140 billion and $140 billion respectively.


Paul Damon investment strategy

Paul Damon & Associates’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 8.5% of the total portfolio value. The fund focuses on investments in the United States as 30.4% 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 27% of the total holdings value. On the other hand, small-cap stocks make up only 5.4% of the portfolio. The average market cap of the portfolio companies is close to $424 billion.

The complete list of Paul Damon & Associates trades based on 13F SEC filings

These positions were updated on October 25th 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
Schwab Strategic Tr
3.56%
224,361
$15,875,819,000 11.34%
Wisdomtree Tr
2.93%
227,916
$14,293,004,000 10.21%
Ishares Tr
2.20%
168,956
$22,076,942,000 15.76%
Amazon.com Inc.
0.78%
64,231
$8,165,045,000 5.83%
First Tr Exchng Traded Fd Vi
2.98%
195,133
$7,842,772,000 5.60%
First Tr Value Line Divid In
4.83%
198,829
$7,434,226,000 5.31%
First Tr Exchange-traded Fd
20.65%
208,790
$10,720,294,000 7.65%
Spdr Sp 500 Etf Tr
6.49%
14,869
$6,356,200,000 4.54%
Fidelity Merrimack Str Tr
9.01%
132,146
$5,756,297,000 4.11%
First Tr Exch Traded Fd Iii
2.80%
129,796
$5,019,600,000 3.58%
Invesco Actively Managed Etf
2.76%
109,418
$3,409,104,000 2.43%
Franklin Templeton Etf Tr
7.99%
79,250
$3,404,573,000 2.43%
Apple Inc
0.17%
19,230
$3,292,419,000 2.35%
Microsoft Corporation
0.78%
6,702
$2,116,000,000 1.51%
VanEck ETF Trust
6.28%
43,531
$1,919,701,000 1.37%
Victory Portfolios II
1.22%
24,210
$1,426,453,000 1.02%
Berkshire Hathaway Inc.
4.34%
4,051
$1,419,065,000 1.01%
Vanguard Index Fds
8.80%
8,124
$1,785,075,000 1.27%
Spdr Ser Tr
9.15%
11,695
$1,503,835,000 1.07%
J P Morgan Exchange Traded F
6.95%
29,714
$1,167,462,000 0.83%
Proshares Tr
17.87%
39,959
$2,069,407,000 1.48%
Select Sector Spdr Tr
0.06%
4,778
$783,258,000 0.56%
Intuitive Surgical Inc
No change
2,121
$619,947,000 0.44%
Alphabet Inc
1.05%
8,271
$1,086,742,000 0.78%
Visa Inc
2.54%
2,539
$583,995,000 0.42%
NVIDIA Corp
3.66%
1,290
$561,137,000 0.40%
Applied Matls Inc
47.27%
3,636
$503,404,000 0.36%
Dynex Cap Inc
1.15%
41,819
$499,321,000 0.36%
Goldman Sachs BDC Inc
0.25%
32,637
$475,191,000 0.34%
Invesco Exch Traded Fd Tr Ii
No change
7,874
$462,912,000 0.33%
Vanguard World Fds
3.62%
5,731
$460,314,000 0.33%
Invesco Exchange Traded Fd T
Opened
5,712
$460,044,000 0.33%
Mastercard Incorporated
5.17%
1,063
$420,852,000 0.30%
Ishares Tr
Opened
9,118
$626,402,000 0.45%
Asml Holding N V
65.96%
629
$370,267,000 0.26%
VanEck ETF Trust
Opened
4,451
$337,564,000 0.24%
First Tr Lrg Cp Vl Alphadex
No change
5,105
$330,702,000 0.24%
Splunk Inc
8.72%
2,093
$306,101,000 0.22%
Vanguard Scottsdale Fds
No change
3,985
$299,473,000 0.21%
Nuveen Amt Free Qlty Mun Inc
No change
29,407
$284,660,000 0.20%
Exxon Mobil Corp.
No change
2,407
$282,961,000 0.20%
American Express Co.
0.22%
1,836
$273,860,000 0.20%
Rivian Automotive, Inc.
5.35%
10,783
$261,811,000 0.19%
Tesla Inc
15.18%
1,011
$252,972,000 0.18%
Penumbra Inc
No change
1,000
$241,910,000 0.17%
First Tr Exchange Traded Fd
13.44%
2,801
$235,222,000 0.17%
First Tr Exchng Traded Fd Vi
Opened
9,548
$233,831,000 0.17%
Select Sector Spdr Tr
Opened
2,557
$231,127,000 0.17%
Delta Air Lines, Inc.
Closed
4,849
$230,521,000
Invesco Exch Trd Slf Idx Fd
Opened
5,018
$230,025,000 0.16%
Jpmorgan Chase Co
Closed
1,576
$229,213,000
First Tr Exchange-traded Fd
Closed
11,163
$441,362,000
Vanguard Index Fds
Opened
1,613
$222,481,000 0.16%
American Centy Etf Tr
No change
4,478
$217,820,000 0.16%
Exchange Traded Concepts Tr
No change
4,206
$211,814,000 0.15%
Coca-Cola Co
2.20%
3,767
$210,876,000 0.15%
Blackrock Muniyield Mich Qu
No change
17,924
$177,989,000 0.13%
Ellington Financial Inc.
Closed
10,007
$138,094,000
New Mtn Fin Corp
1.05%
10,615
$137,469,000 0.10%
Apollo Coml Real Est Fin Inc
0.17%
10,272
$104,058,000 0.07%
No transactions found
Showing first 500 out of 60 holdings