Mgb Wealth Management is an investment fund managing more than $254 billion ran by Michael Bailey. There are currently 146 companies in Mr. Bailey’s portfolio. The largest investments include Applovin Corp and Microsoft, together worth $42.4 billion.
As of 5th August 2024, Mgb Wealth Management’s top holding is 349,134 shares of Applovin Corp currently worth over $29.6 billion and making up 11.7% of the portfolio value.
In addition, the fund holds 28,181 shares of Microsoft worth $12.8 billion, whose value fell 2.2% in the past six months.
The third-largest holding is Spdr Ser Tr worth $15.7 billion and the next is NVIDIA Corp worth $7.85 billion, with 61,000 shares owned.
Currently, Mgb Wealth Management's portfolio is worth at least $254 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.
The Mgb Wealth Management office and employees reside in Addison, Texas. According to the last 13-F report filed with the SEC, Michael Bailey serves as the CCO/Managing Director at Mgb Wealth Management.
In the most recent 13F filing, Mgb Wealth Management revealed that it had opened a new position in
Exxon Mobil and bought 10,307 shares worth $1.17 billion.
This means they effectively own approximately 0.1% of the company.
Exxon Mobil makes up
13.6%
of the fund's Energy sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Microsoft by buying
105 additional shares.
This makes their stake in Microsoft total 28,181 shares worth $12.8 billion.
Microsoft dropped approximately 0.1% in the past year.
On the other hand, there are companies that Mgb Wealth Management is getting rid of from its portfolio.
Mgb Wealth Management closed its position in Pioneer Nat Res Co on 12th August 2024.
It sold the previously owned 3,884 shares for $1.02 billion.
Michael Bailey also disclosed a decreased stake in Applovin Corp by approximately 0.1%.
This leaves the value of the investment at $29.6 billion and 349,134 shares.
The two most similar investment funds to Mgb Wealth Management are Windham Capital Management and Highlander Capital Management. They manage $254 billion and $254 billion respectively.
Mgb Wealth Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 13.6% of
the total portfolio value.
The fund focuses on investments in the United States as
41.8% 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
35% of the total holdings value.
On the other hand, small-cap stocks make up only 2.7% of the portfolio.
The average market cap of the portfolio companies is close to $184 billion.
These positions were updated on August 12th 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 |
|---|---|---|---|
| Applovin Corp |
3.46%
349,134
|
$29,627,511,000 | 11.67% |
| Microsoft Corporation |
0.37%
28,181
|
$12,786,286,000 | 5.03% |
| Spdr Ser Tr |
0.59%
148,655
|
$15,694,194,000 | 6.18% |
| NVIDIA Corp |
889.30%
61,000
|
$7,852,765,000 | 3.09% |
| Apple Inc |
0.39%
31,346
|
$7,210,351,000 | 2.84% |
| Spdr S&p 500 Etf Tr |
3.39%
12,009
|
$6,703,190,000 | 2.64% |
| Broadcom Inc |
0.16%
3,724
|
$6,341,872,000 | 2.50% |
| First Tr Nasdaq 100 Tech Ind |
No change
19,426
|
$3,958,064,000 | 1.56% |
| Canadian Nat Res Ltd |
100.07%
110,058
|
$3,923,797,000 | 1.54% |
| Marathon Pete Corp |
0.40%
23,454
|
$3,876,556,000 | 1.53% |
| Vanguard Index Fds |
0.50%
14,420
|
$4,111,312,000 | 1.62% |
| Eaton Corp Plc |
5.06%
9,835
|
$3,242,628,000 | 1.28% |
| First Tr Exchange-traded Fd |
1.49%
157,727
|
$7,932,445,000 | 3.12% |
| Oneok Inc. |
0.96%
36,850
|
$3,108,077,000 | 1.22% |
| Amplify Etf Tr |
2.04%
97,057
|
$4,378,377,000 | 1.72% |
| Berkshire Hathaway Inc. |
4.69%
6,916
|
$2,906,669,000 | 1.14% |
| Alphabet Inc |
2.37%
15,751
|
$2,919,044,000 | 1.15% |
| Pacer Fds Tr |
7.71%
62,555
|
$2,762,464,000 | 1.09% |
| Home Depot, Inc. |
0.07%
7,367
|
$2,642,479,000 | 1.04% |
| JPMorgan Chase & Co. |
7.89%
11,486
|
$2,365,233,000 | 0.93% |
| Alps Etf Tr |
20.06%
51,480
|
$2,415,926,000 | 0.95% |
| Amazon.com Inc. |
6.44%
11,900
|
$2,316,027,000 | 0.91% |
| Abbvie Inc |
0.92%
13,445
|
$2,287,750,000 | 0.90% |
| Walmart Inc |
No change
32,352
|
$2,243,214,000 | 0.88% |
| Ishares Tr |
4.85%
143,267
|
$11,550,807,000 | 4.55% |
| Main Str Cap Corp |
0.36%
41,709
|
$2,149,167,000 | 0.85% |
| Unitedhealth Group Inc |
0.36%
3,951
|
$1,998,425,000 | 0.79% |
| Proshares Tr |
No change
19,375
|
$1,902,811,000 | 0.75% |
| Valero Energy Corp. |
2.48%
12,835
|
$1,897,785,000 | 0.75% |
| Mckesson Corporation |
0.54%
3,159
|
$1,819,584,000 | 0.72% |
| Invesco Exchange Traded Fd T |
2.42%
229,951
|
$10,123,912,000 | 3.99% |
| Fidus Invt Corp |
0.68%
88,054
|
$1,736,337,000 | 0.68% |
| Visa Inc |
5.22%
6,507
|
$1,721,517,000 | 0.68% |
| Texas Roadhouse Inc |
0.59%
10,176
|
$1,714,546,000 | 0.68% |
| Texas Instrs Inc |
0.19%
8,285
|
$1,672,069,000 | 0.66% |
| Global X Fds |
6.81%
94,532
|
$3,291,125,000 | 1.30% |
| Union Pac Corp |
No change
6,740
|
$1,550,558,000 | 0.61% |
| Spdr Gold Tr |
32.17%
6,882
|
$1,535,575,000 | 0.60% |
| Invesco Exch Traded Fd Tr Ii |
0.46%
105,418
|
$5,250,543,000 | 2.07% |
| Dimensional Etf Trust |
No change
43,915
|
$1,446,999,000 | 0.57% |
| Monolithic Pwr Sys Inc |
No change
1,676
|
$1,434,103,000 | 0.56% |
| VanEck ETF Trust |
12.23%
43,480
|
$3,573,161,000 | 1.41% |
| Cintas Corporation |
No change
1,799
|
$1,293,507,000 | 0.51% |
| Canadian Pacific Kansas City |
0.01%
14,453
|
$1,204,151,000 | 0.47% |
| Intercontinental Exchange In |
3.41%
7,894
|
$1,167,726,000 | 0.46% |
| Exxon Mobil Corp. |
Opened
10,307
|
$1,167,463,000 | 0.46% |
| Spdr Index Shs Fds |
2.33%
43,211
|
$1,739,614,000 | 0.68% |
| ON Semiconductor Corp. |
3.08%
15,252
|
$1,156,331,000 | 0.46% |
| Advanced Micro Devices Inc. |
1.78%
6,342
|
$1,153,425,000 | 0.45% |
| Tjx Cos Inc New |
No change
9,644
|
$1,100,322,000 | 0.43% |
| Flex Lng Ltd |
0.52%
41,358
|
$1,090,360,000 | 0.43% |
| Mcdonalds Corp |
10.65%
4,204
|
$1,069,479,000 | 0.42% |
| CME Group Inc |
0.92%
5,505
|
$1,069,285,000 | 0.42% |
| Chubb Limited |
1.70%
4,117
|
$1,063,467,000 | 0.42% |
| Pioneer Nat Res Co |
Closed
3,884
|
$1,019,521,000 | |
| Ishares Silver Tr |
51.50%
36,058
|
$1,018,990,000 | 0.40% |
| Clean Harbors, Inc. |
7.24%
4,386
|
$995,588,000 | 0.39% |
| Eli Lilly & Co |
No change
1,027
|
$971,483,000 | 0.38% |
| Merck & Co Inc |
No change
7,280
|
$934,000,000 | 0.37% |
| Cencora Inc. |
41.30%
3,900
|
$868,140,000 | 0.34% |
| Regions Financial Corp. |
No change
40,998
|
$839,229,000 | 0.33% |
| Automatic Data Processing In |
No change
3,475
|
$825,050,000 | 0.32% |
| Motorola Solutions Inc |
1.17%
2,080
|
$809,445,000 | 0.32% |
| Primerica Inc |
No change
3,270
|
$787,960,000 | 0.31% |
| Tortoise Energy Infra Corp |
3.66%
21,197
|
$758,428,000 | 0.30% |
| Broadridge Finl Solutions In |
5.79%
3,655
|
$749,617,000 | 0.30% |
| Raymond James Finl Inc |
No change
5,803
|
$702,511,000 | 0.28% |
| Procter And Gamble Co |
67.74%
4,185
|
$694,422,000 | 0.27% |
| Halliburton Co. |
0.01%
20,147
|
$680,986,000 | 0.27% |
| Johnson & Johnson |
8.02%
4,508
|
$675,537,000 | 0.27% |
| Abbott Labs |
3.08%
6,300
|
$656,506,000 | 0.26% |
| Heico Corp. |
3.70%
2,800
|
$633,578,000 | 0.25% |
| Republic Svcs Inc |
13.29%
3,163
|
$632,492,000 | 0.25% |
| Chevron Corp. |
11.23%
3,992
|
$621,115,000 | 0.24% |
| NextEra Energy Inc |
25.78%
8,015
|
$607,278,000 | 0.24% |
| Blackstone Inc |
No change
4,625
|
$598,105,000 | 0.24% |
| Murphy USA Inc |
No change
1,250
|
$589,863,000 | 0.23% |
| Select Sector Spdr Tr |
2.70%
28,606
|
$2,086,368,000 | 0.82% |
| Acadia Healthcare Company In |
Closed
7,199
|
$569,342,000 | |
| Qualcomm, Inc. |
No change
2,688
|
$544,132,000 | 0.21% |
| Lockheed Martin Corp. |
9.52%
1,150
|
$532,285,000 | 0.21% |
| Boston Scientific Corp. |
10.36%
6,711
|
$518,178,000 | 0.20% |
| KKR & Co. Inc |
3.33%
4,650
|
$514,941,000 | 0.20% |
| Wesco International, Inc. |
0.07%
3,044
|
$508,257,000 | 0.20% |
| T-Mobile US, Inc. |
No change
2,734
|
$490,862,000 | 0.19% |
| Eaton Vance Tax-managed Glob |
3.60%
56,322
|
$488,875,000 | 0.19% |
| Sprott Fds Tr |
No change
18,750
|
$487,875,000 | 0.19% |
| Darden Restaurants, Inc. |
11.05%
3,470
|
$487,470,000 | 0.19% |
| DTE Energy Co. |
0.05%
4,152
|
$470,774,000 | 0.19% |
| WEC Energy Group Inc |
No change
5,714
|
$461,254,000 | 0.18% |
| Range Res Corp |
No change
13,000
|
$450,835,000 | 0.18% |
| Asml Holding N V |
No change
400
|
$434,104,000 | 0.17% |
| Cohen & Steers Infrastructur |
No change
18,221
|
$433,842,000 | 0.17% |
| Blackrock Enhanced Equity Di |
No change
51,531
|
$429,991,000 | 0.17% |
| First Tr Lrg Cp Vl Alphadex |
0.02%
5,631
|
$423,262,000 | 0.17% |
| Blackrock Energy & Res Tr |
1.76%
32,231
|
$422,865,000 | 0.17% |
| Sempra |
18.46%
5,300
|
$408,305,000 | 0.16% |
| Elevance Health Inc |
1.38%
736
|
$393,839,000 | 0.16% |
| First Tr Value Line Divid In |
No change
9,179
|
$383,407,000 | 0.15% |
| Novo-nordisk A S |
No change
2,674
|
$379,922,000 | 0.15% |
| Sysco Corp. |
No change
5,250
|
$378,893,000 | 0.15% |
| Meta Platforms Inc |
No change
730
|
$367,356,000 | 0.14% |
| Strategy Shs |
No change
8,981
|
$364,414,000 | 0.14% |
| Cameco Corp. |
29.14%
6,870
|
$363,217,000 | 0.14% |
| Ingersoll Rand Inc. |
No change
3,619
|
$352,056,000 | 0.14% |
| Molina Healthcare Inc |
Closed
845
|
$347,151,000 | |
| L3Harris Technologies Inc |
No change
1,429
|
$330,156,000 | 0.13% |
| Royal Bk Cda |
No change
2,895
|
$321,953,000 | 0.13% |
| Packaging Corp Amer |
No change
1,690
|
$311,591,000 | 0.12% |
| Costco Whsl Corp New |
18.03%
360
|
$304,569,000 | 0.12% |
| Atmos Energy Corp. |
0.08%
2,503
|
$300,575,000 | 0.12% |
| Nuveen Nasdaq 100 Dynamic Ov |
No change
11,000
|
$282,370,000 | 0.11% |
| Pepsico Inc |
44.75%
1,708
|
$281,971,000 | 0.11% |
| Church & Dwight Co., Inc. |
No change
2,696
|
$280,401,000 | 0.11% |
| Steel Dynamics Inc. |
No change
2,158
|
$278,857,000 | 0.11% |
| Blackrock Mun Target Term Tr |
No change
13,226
|
$278,275,000 | 0.11% |
| Comcast Corp New |
Closed
6,415
|
$276,958,000 | |
| Amer States Wtr Co |
No change
3,561
|
$275,714,000 | 0.11% |
| Roper Technologies Inc |
3.79%
493
|
$274,314,000 | 0.11% |
| Trane Technologies plc |
Opened
789
|
$271,581,000 | 0.11% |
| Eaton Vance Tax Advt Div Inc |
3.65%
11,367
|
$270,307,000 | 0.11% |
| J P Morgan Exchange Traded F |
No change
4,730
|
$269,184,000 | 0.11% |
| Old Rep Intl Corp |
No change
8,600
|
$269,008,000 | 0.11% |
| Ishares Inc |
14.39%
8,588
|
$563,362,000 | 0.22% |
| Booking Holdings Inc |
No change
64
|
$257,692,000 | 0.10% |
| Lakeland Finl Corp |
No change
4,027
|
$254,426,000 | 0.10% |
| e.l.f. Beauty Inc |
38.62%
1,195
|
$252,026,000 | 0.10% |
| Accenture Plc Ireland |
No change
825
|
$246,790,000 | 0.10% |
| Applied Matls Inc |
No change
1,000
|
$241,260,000 | 0.09% |
| Disney Walt Co |
20.00%
2,400
|
$232,900,000 | 0.09% |
| Northern Oil & Gas Inc |
No change
5,876
|
$231,809,000 | 0.09% |
| IQVIA Holdings Inc |
No change
1,033
|
$227,155,000 | 0.09% |
| S&P Global Inc |
Opened
463
|
$220,875,000 | 0.09% |
| Analog Devices Inc. |
Opened
907
|
$214,446,000 | 0.08% |
| Kimberly-Clark Corp. |
Opened
1,500
|
$211,530,000 | 0.08% |
| Apollo Global Mgmt Inc |
Opened
1,729
|
$208,405,000 | 0.08% |
| F.N.B. Corp. |
No change
13,181
|
$190,202,000 | 0.07% |
| Lmp Cap & Income Fd Inc |
No change
11,999
|
$186,464,000 | 0.07% |
| Guggenheim Active Alloc Fd |
Opened
11,264
|
$173,884,000 | 0.07% |
| Nuveen Core Equity Alpha Fd |
No change
11,442
|
$172,895,000 | 0.07% |
| Nuveen Floating Rate Income |
No change
14,599
|
$129,055,000 | 0.05% |
| NEOS ETF Trust |
Opened
4,000
|
$202,455,000 | 0.08% |
| Invesco Exchange Traded Fd T |
Opened
1,525
|
$157,879,000 | 0.06% |
| BRC Inc. |
No change
17,030
|
$99,966,000 | 0.04% |
| Invesco Exch Traded Fd Tr Ii |
Opened
3,200
|
$67,680,000 | 0.03% |
| Invesco Sr Income Tr |
No change
12,000
|
$52,440,000 | 0.02% |
| Ishares Tr |
Opened
1,400
|
$49,850,000 | 0.02% |
| Moolec Science Sa |
Opened
25,000
|
$25,500,000 | 0.01% |
| Spdr Index Shs Fds |
Opened
350
|
$13,717,000 | 0.01% |
| Ishares Inc |
Opened
100
|
$5,106,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 150 holdings | |||