Elite Wealth Management 13F annual report
Elite Wealth Management is an investment fund managing more than $404 billion ran by Allan Memaran-dadgar. There are currently 46 companies in Mr. Memaran-dadgar’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $175 billion.
$404 billion Assets Under Management (AUM)
As of 17th April 2024, Elite Wealth Management’s top holding is 317,518 shares of Microsoft currently worth over $134 billion and making up 33.1% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Elite Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 45,870 shares of NVIDIA Corp worth $41.4 billion, whose value grew 88.8% in the past six months.
The third-largest holding is Amazon.com worth $40.2 billion and the next is Apple Inc worth $39.2 billion, with 228,564 shares owned.
Currently, Elite Wealth Management's portfolio is worth at least $404 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 Elite Wealth Management
The Elite Wealth Management office and employees reside in Kirkland, Washington. According to the last 13-F report filed with the SEC, Allan Memaran-dadgar serves as the Chief Compliance Officer at Elite Wealth Management.
Recent trades
In the most recent 13F filing, Elite Wealth Management revealed that it had opened a new position in
Super Micro Computer Inc and bought 4,904 shares worth $4.95 billion.
This means they effectively own approximately 0.1% of the company.
Super Micro Computer Inc makes up
1.9%
of the fund's Technology sector allocation and has grown its share price by 627.3% in the past year.
The investment fund also strengthened its position in Microsoft by buying
22,040 additional shares.
This makes their stake in Microsoft total 317,518 shares worth $134 billion.
Microsoft soared 42.3% in the past year.
On the other hand, there are companies that Elite Wealth Management is getting rid of from its portfolio.
Elite Wealth Management closed its position in First Tr Exchange-traded Fd on 24th April 2024.
It sold the previously owned 92,385 shares for $4.73 billion.
Allan Memaran-dadgar also disclosed a decreased stake in Hashicorp Inc by 0.4%.
This leaves the value of the investment at $13.5 billion and 500,733 shares.
One of the average hedge funds
The two most similar investment funds to Elite Wealth Management are Harbour Capital Advisors and Liberty Wealth Management. They manage $404 billion and $404 billion respectively.
Allan Memaran-dadgar investment strategy
Elite Wealth Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 64.7% of
the total portfolio value.
The fund focuses on investments in the United States as
67.4% 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
65% 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 $309 billion.
The complete list of Elite Wealth Management trades based on 13F SEC filings
These positions were updated on April 24th 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 |
|---|---|---|---|
| Microsoft Corporation |
7.46%
317,518
|
$133,586,334,000 | 33.08% |
| NVIDIA Corp |
24.89%
45,870
|
$41,445,944,000 | 10.26% |
| Amazon.com Inc. |
45.79%
222,918
|
$40,209,949,000 | 9.96% |
| Apple Inc |
13.76%
228,564
|
$39,194,122,000 | 9.71% |
| Alphabet Inc |
33.75%
208,630
|
$31,535,085,000 | 7.81% |
| Hashicorp Inc |
41.14%
500,733
|
$13,494,754,000 | 3.34% |
| Meta Platforms Inc |
69.21%
23,755
|
$11,534,732,000 | 2.86% |
| Advanced Micro Devices Inc. |
3.64%
63,414
|
$11,445,593,000 | 2.83% |
| Intuitive Surgical Inc |
75.22%
24,294
|
$9,695,492,000 | 2.40% |
| Mastercard Incorporated |
2.62%
13,828
|
$6,659,236,000 | 1.65% |
| Salesforce Inc |
9.69%
19,702
|
$5,933,848,000 | 1.47% |
| Costco Whsl Corp New |
8.60%
6,973
|
$5,108,832,000 | 1.27% |
| Palo Alto Networks Inc |
15.31%
17,495
|
$4,970,854,000 | 1.23% |
| Super Micro Computer Inc |
Opened
4,904
|
$4,953,187,000 | 1.23% |
| First Tr Exchange-traded Fd |
Closed
92,385
|
$4,726,429,000 | |
| Asml Holding N V |
12.73%
4,321
|
$4,193,401,000 | 1.04% |
| Spdr Sp 500 Etf Tr |
7.42%
6,875
|
$3,595,954,000 | 0.89% |
| Palantir Technologies Inc. |
60.44%
152,442
|
$3,507,690,000 | 0.87% |
| Autodesk Inc. |
22.81%
13,338
|
$3,473,482,000 | 0.86% |
| Cadence Design System Inc |
1.83%
10,900
|
$3,392,952,000 | 0.84% |
| Lamb Weston Holdings Inc |
No change
30,792
|
$3,280,272,000 | 0.81% |
| Adobe Inc |
6.09%
6,489
|
$3,274,349,000 | 0.81% |
| Seagen Inc |
Closed
14,484
|
$2,787,591,000 | |
| Arm Holdings Plc |
Opened
21,863
|
$2,732,656,000 | 0.68% |
| Manhattan Associates, Inc. |
11.20%
10,138
|
$2,536,832,000 | 0.63% |
| Celestica, Inc. |
Opened
55,662
|
$2,501,450,000 | 0.62% |
| Conagra Brands Inc |
No change
62,379
|
$1,848,914,000 | 0.46% |
| Global X Fds |
Closed
54,161
|
$1,556,579,000 | |
| Ferrari N.V. |
6.97%
2,409
|
$1,050,179,000 | 0.26% |
| Berkshire Hathaway Inc. |
Opened
2,365
|
$994,530,000 | 0.25% |
| Ark Etf Tr |
Closed
27,938
|
$952,394,000 | |
| Chevron Corp. |
23.30%
4,737
|
$747,214,000 | 0.19% |
| Boeing Co. |
4.04%
3,607
|
$696,115,000 | 0.17% |
| Tesla Inc |
36.57%
3,609
|
$634,426,000 | 0.16% |
| Netflix Inc. |
0.33%
914
|
$555,100,000 | 0.14% |
| Intel Corp. |
55.27%
11,723
|
$517,805,000 | 0.13% |
| Dell Technologies Inc |
1.76%
4,157
|
$474,355,000 | 0.12% |
| Unitedhealth Group Inc |
No change
841
|
$416,043,000 | 0.10% |
| Exxon Mobil Corp. |
No change
3,532
|
$410,560,000 | 0.10% |
| Eli Lilly Co |
Opened
449
|
$349,304,000 | 0.09% |
| AMGEN Inc. |
49.94%
1,203
|
$342,037,000 | 0.08% |
| RTX Corp |
No change
3,377
|
$329,359,000 | 0.08% |
| Lockheed Martin Corp. |
21.18%
721
|
$327,961,000 | 0.08% |
| Texas Instrs Inc |
67.37%
1,800
|
$313,578,000 | 0.08% |
| West Pharmaceutical Svsc Inc |
Opened
730
|
$288,868,000 | 0.07% |
| Fedex Corp |
Closed
1,152
|
$285,581,000 | |
| Philip Morris International Inc |
4.83%
3,062
|
$280,540,000 | 0.07% |
| VanEck ETF Trust |
Opened
1,200
|
$269,988,000 | 0.07% |
| Symbotic Inc |
Opened
5,990
|
$269,550,000 | 0.07% |
| Vmware Inc. |
Closed
1,785
|
$256,487,000 | |
| Crowdstrike Holdings Inc |
Opened
688
|
$220,566,000 | 0.05% |
| Accenture Plc Ireland |
84.96%
626
|
$216,978,000 | 0.05% |
| Blackrock Inc. |
Closed
300
|
$207,342,000 | |
| Pfizer Inc. |
Closed
5,573
|
$204,418,000 | |
| New Amer High Income Fd Inc |
Closed
12,693
|
$84,408,000 | |
| No transactions found | |||
| Showing first 500 out of 55 holdings | |||
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