Channel Wealth 13F annual report

Channel Wealth is an investment fund managing more than $269 billion ran by Michelle Eldridge. There are currently 126 companies in Mrs. Eldridge’s portfolio. The largest investments include Angel Oak Funds Trust and Apple Inc, together worth $31.7 billion.

Limited to 30 biggest holdings

$269 billion Assets Under Management (AUM)

As of 29th July 2024, Channel Wealth’s top holding is 867,688 shares of Angel Oak Funds Trust currently worth over $17.9 billion and making up 6.6% of the portfolio value. In addition, the fund holds 65,536 shares of Apple Inc worth $13.8 billion, whose value grew 17.1% in the past six months. The third-largest holding is Microsoft worth $9 billion and the next is Spdr Ser Tr worth $10.5 billion, with 170,662 shares owned.

Currently, Channel Wealth's portfolio is worth at least $269 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 Channel Wealth

The Channel Wealth office and employees reside in Santa Barbara, California. According to the last 13-F report filed with the SEC, Michelle Eldridge serves as the SR. COMPLIANCE OFFICER at Channel Wealth.

Recent trades

In the most recent 13F filing, Channel Wealth revealed that it had opened a new position in Harbor ETF Trust and bought 159,970 shares worth $3.6 billion. This means they effectively own approximately 0.1% of the company. Harbor ETF Trust makes up 100.0% of the fund's Miscellaneous sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Angel Oak Funds Trust by buying 178,691 additional shares. This makes their stake in Angel Oak Funds Trust total 867,688 shares worth $17.9 billion.

On the other hand, there are companies that Channel Wealth is getting rid of from its portfolio. Channel Wealth closed its position in Zoetis Inc on 5th August 2024. It sold the previously owned 19,129 shares for $3.24 billion. Michelle Eldridge also disclosed a decreased stake in J P Morgan Exchange Traded F by 0.2%. This leaves the value of the investment at $5.87 billion and 103,554 shares.

One of the smaller hedge funds

The two most similar investment funds to Channel Wealth are Kps Global Asset Management Uk Ltd and West Branch Capital. They manage $269 billion and $269 billion respectively.


Michelle Eldridge investment strategy

Channel Wealth’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Technology — making up 14.3% of the total portfolio value. The fund focuses on investments in the United States as 44.4% 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 44% of the total holdings value. On the other hand, small-cap stocks make up only 0.8% of the portfolio. The average market cap of the portfolio companies is close to $233 billion.

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

These positions were updated on August 5th 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
Angel Oak Funds Trust
25.93%
867,688
$17,874,375,000 6.64%
Apple Inc
11.19%
65,536
$13,803,297,000 5.13%
Microsoft Corporation
5.44%
20,143
$9,002,784,000 3.34%
Spdr Ser Tr
20.15%
170,662
$10,452,587,000 3.88%
NVIDIA Corp
963.09%
62,648
$7,739,532,000 2.87%
Alphabet Inc
4.70%
48,363
$8,858,546,000 3.29%
Novo-nordisk A S
42.35%
49,597
$7,079,476,000 2.63%
Goldman Sachs Etf Tr
25.66%
212,357
$8,916,031,000 3.31%
Powershares Actively Managed
10.81%
146,533
$6,793,270,000 2.52%
Invesco Exch Trd Slf Idx Fd
17.30%
121,735
$6,389,870,000 2.37%
Berkshire Hathaway Inc.
4.81%
14,756
$6,002,741,000 2.23%
J P Morgan Exchange Traded F
20.43%
103,554
$5,869,432,000 2.18%
Pacer Fds Tr
36.79%
224,945
$7,446,820,000 2.77%
Eli Lilly Co
0.31%
5,509
$4,987,461,000 1.85%
Asml Holding N V
29.75%
4,789
$4,897,854,000 1.82%
Unitedhealth Group Inc
11.32%
8,625
$4,392,368,000 1.63%
Mckesson Corporation
26.49%
7,511
$4,386,724,000 1.63%
Appfolio Inc
No change
17,860
$4,368,020,000 1.62%
HDFC Bank Ltd.
28.40%
67,524
$4,343,819,000 1.61%
Vanguard Specialized Funds
0.86%
19,963
$3,644,246,000 1.35%
Schwab Strategic Tr
10.31%
66,890
$4,969,971,000 1.85%
Harbor ETF Trust
Opened
159,970
$3,598,526,000 1.34%
Abbvie Inc
32.34%
19,764
$3,389,921,000 1.26%
MercadoLibre Inc
14.47%
2,049
$3,367,327,000 1.25%
Zoetis Inc
Closed
19,129
$3,236,818,000
Coca-Cola Co
12.63%
49,753
$3,166,778,000 1.18%
Costco Whsl Corp New
5.56%
3,511
$2,983,900,000 1.11%
Ishares Inc
56.55%
139,796
$4,678,255,000 1.74%
Ishares Tr
Closed
31,856
$3,330,275,000
Meta Platforms Inc
490.49%
5,586
$2,816,649,000 1.05%
Select Sector Spdr Tr
4.69%
68,528
$7,778,649,000 2.89%
Everest Group Ltd
10.53%
7,109
$2,708,671,000 1.01%
Amazon.com Inc.
4.39%
13,444
$2,598,053,000 0.96%
Procter And Gamble Co
7.54%
15,551
$2,564,671,000 0.95%
Super Micro Computer Inc
Opened
3,101
$2,540,804,000 0.94%
Jpmorgan Chase Co.
31.03%
12,481
$2,524,469,000 0.94%
Spdr Sp 500 Etf Tr
272.47%
4,492
$2,444,652,000 0.91%
Crown Castle Inc
9.03%
23,864
$2,331,513,000 0.87%
Linde Plc.
10.72%
5,249
$2,303,314,000 0.86%
AMGEN Inc.
10.28%
7,110
$2,221,520,000 0.82%
Vanguard Index Fds
3.39%
12,295
$4,173,476,000 1.55%
Cameco Corp.
36.47%
39,520
$1,944,384,000 0.72%
Broadcom Inc
13.80%
1,163
$1,867,231,000 0.69%
Visa Inc
4.58%
6,966
$1,828,366,000 0.68%
Exact Sciences Corp.
Opened
42,455
$1,793,724,000 0.67%
Enovix Corporation
36.37%
111,085
$1,717,374,000 0.64%
Equinor ASA
11.34%
59,112
$1,688,239,000 0.63%
Arm Holdings Plc
Opened
9,525
$1,558,481,000 0.58%
Astrazeneca plc
69.90%
19,143
$1,492,963,000 0.55%
Proshares Tr
7.32%
14,877
$1,430,165,000 0.53%
Ishares Tr
37.07%
110,400
$6,499,582,000 2.41%
Exxon Mobil Corp.
0.70%
11,344
$1,305,879,000 0.48%
Nu Hldgs Ltd
32.98%
100,918
$1,300,833,000 0.48%
Albemarle Corp.
12.05%
12,787
$1,221,414,000 0.45%
Burford Cap Ltd
10.55%
91,322
$1,191,752,000 0.44%
Nike, Inc.
1.71%
15,303
$1,153,387,000 0.43%
Pimco Etf Tr
6.96%
11,162
$1,123,455,000 0.42%
Tesla Inc
28.39%
4,848
$959,322,000 0.36%
Chevron Corp.
4.15%
6,093
$953,009,000 0.35%
Brookfield Infrast Partners
16.00%
33,035
$906,480,000 0.34%
Ishares Tr
Opened
4,452
$903,266,000 0.34%
Merck Co Inc
0.09%
6,880
$851,686,000 0.32%
First Tr Exch Traded Fd Iii
70.91%
15,802
$782,515,000 0.29%
Global X Fds
3.11%
76,641
$1,571,644,000 0.58%
Stryker Corp.
0.82%
2,167
$737,173,000 0.27%
Blue Owl Capital Corporation
No change
45,558
$699,771,000 0.26%
Johnson Johnson
6.45%
4,614
$674,382,000 0.25%
Blackrock Munihldngs Cali Ql
12.89%
60,597
$672,629,000 0.25%
Oracle Corp.
No change
4,654
$657,145,000 0.24%
American Express Co.
89.54%
2,572
$595,547,000 0.22%
Intuitive Surgical Inc
No change
1,218
$541,827,000 0.20%
Avantor, Inc.
No change
25,510
$540,812,000 0.20%
Spdr Gold Tr
0.73%
2,479
$533,010,000 0.20%
Realty Income Corp.
49.69%
9,390
$495,959,000 0.18%
Caterpillar Inc.
1.03%
1,441
$479,997,000 0.18%
Vanguard World Fd
3.58%
5,149
$1,029,416,000 0.38%
Fs Credit Opportunities Corp
No change
68,569
$436,786,000 0.16%
Pfizer Inc.
4.36%
14,876
$416,225,000 0.15%
Home Depot, Inc.
0.26%
1,149
$395,483,000 0.15%
Taiwan Semiconductor Mfg Ltd
2.08%
2,260
$392,811,000 0.15%
Cencora Inc.
No change
1,742
$392,473,000 0.15%
Bank America Corp
4.90%
9,713
$386,267,000 0.14%
Digital Rlty Tr Inc
No change
2,535
$385,447,000 0.14%
First Tr Exchange-traded Fd
8.66%
30,237
$640,871,000 0.24%
Verizon Communications Inc
3.92%
9,192
$379,088,000 0.14%
Walmart Inc
14.12%
5,472
$370,509,000 0.14%
Union Pac Corp
4.13%
1,625
$367,673,000 0.14%
Target Corp
0.16%
2,438
$360,922,000 0.13%
Emerson Elec Co
0.46%
3,267
$359,893,000 0.13%
Blackstone Inc
10.38%
2,762
$341,936,000 0.13%
First Solar Inc
39.64%
1,509
$340,219,000 0.13%
Semtech Corp.
No change
11,365
$339,586,000 0.13%
Vanguard Whitehall Fds
12.57%
2,783
$330,082,000 0.12%
GE Aerospace
3.58%
2,075
$329,875,000 0.12%
RTX Corp
25.64%
3,278
$329,078,000 0.12%
Grayscale Bitcoin Tr Btc
No change
6,150
$327,426,000 0.12%
Honeywell International Inc
No change
1,528
$326,289,000 0.12%
Vanguard Index Fds
Closed
3,692
$319,284,000
Cohen Steers Infrastructur
No change
13,757
$309,257,000 0.11%
Cisco Sys Inc
31.37%
6,432
$305,584,000 0.11%
Duke Energy Corp.
4.15%
3,025
$303,212,000 0.11%
Marathon Pete Corp
2.92%
1,728
$299,753,000 0.11%
Enterprise Prods Partners L
No change
10,284
$298,030,000 0.11%
Mcdonalds Corp
Closed
1,057
$298,021,000
Vanguard Scottsdale Fds
Closed
3,832
$296,252,000
Roblox Corporation
2.19%
7,944
$295,596,000 0.11%
American Elec Pwr Co Inc
0.12%
3,365
$295,247,000 0.11%
Att Inc
3.11%
15,351
$293,366,000 0.11%
Starbucks Corp.
38.09%
3,737
$290,939,000 0.11%
Parker-Hannifin Corp.
0.18%
572
$289,323,000 0.11%
Invesco Exchange Traded Fd T
0.82%
1,685
$276,876,000 0.10%
Textron Inc.
No change
3,201
$274,838,000 0.10%
Iron Mtn Inc Del
3.33%
2,900
$259,898,000 0.10%
Spdr Ser Tr
Opened
3,216
$257,698,000 0.10%
UiPath, Inc.
Closed
11,115
$251,977,000
Global X Fds
Closed
5,110
$250,339,000
Mondelez International Inc.
0.39%
3,820
$249,981,000 0.09%
J P Morgan Exchange Traded F
Closed
4,097
$246,373,000
Community West Bancshares.
Closed
15,600
$241,488,000
Dow Inc
Closed
4,164
$241,229,000
Thermo Fisher Scientific Inc.
3.96%
436
$241,108,000 0.09%
Goldman Sachs Group, Inc.
7.81%
531
$240,182,000 0.09%
Netflix Inc.
2.79%
348
$234,858,000 0.09%
Disney Walt Co
Closed
1,892
$231,450,000
Hershey Company
Closed
1,189
$231,261,000
Intel Corp.
2.59%
7,421
$229,815,000 0.09%
Fastenal Co.
Closed
2,960
$228,334,000
Community West Bancshares Ne
Opened
12,324
$227,994,000 0.08%
International Business Machs
8.03%
1,318
$227,948,000 0.08%
Mastercard Incorporated
No change
500
$220,580,000 0.08%
DuPont de Nemours Inc
Closed
2,670
$204,691,000
Snap-on, Inc.
No change
778
$203,361,000 0.08%
Kimberly-Clark Corp.
7.97%
1,466
$202,601,000 0.08%
Fedex Corp
Closed
693
$200,790,000
Pepsico Inc
28.59%
1,214
$200,225,000 0.07%
Signet Jewelers Limited
Closed
2,000
$200,140,000
Pgim Short Dur Hig Yld Opp F
Closed
11,396
$175,270,000
Rivernorth Opportunities Fd
15.39%
12,371
$151,545,000 0.06%
Atomera Inc
50.25%
34,400
$131,064,000 0.05%
Cohen Steers Quality Incom
No change
10,963
$128,048,000 0.05%
Advisorshares Tr
43.09%
17,300
$126,809,000 0.05%
Highland Opportunities
No change
17,062
$106,638,000 0.04%
Abrdn Global Premier Pptys F
No change
15,000
$57,300,000 0.02%
Cybin Inc
Closed
90,000
$37,215,000
ClearSign Technologies Corp
Closed
20,000
$19,300,000
No transactions found
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