Blue Chip Wealth Management is an investment fund managing more than $105 million ran by Andy Kane. There are currently 81 companies in Mr. Kane’s portfolio. The largest investments include Apple and Amazon.com, together worth $23.1 million.
As of 7th October 2020, Blue Chip Wealth Management’s top holding is 37,079 shares of Apple currently worth over $13.5 million and making up 12.9% of the portfolio value.
Relative to the number of outstanding shares of Apple, Blue Chip Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 3,456 shares of Amazon.com worth $9.53 million, whose value grew 50.8% in the past six months.
The third-largest holding is Microsoft worth $5.25 million and the next is Visa worth $2.84 million, with 14,693 shares owned.
Currently, Blue Chip Wealth Management's portfolio is worth at least $105 million. 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 Blue Chip Wealth Management office and employees reside in Miami Beach, Florida. According to the last 13-F report filed with the SEC, Andy Kane serves as the Chief Compliance Officer at Blue Chip Wealth Management.
In the most recent 13F filing, Blue Chip Wealth Management revealed that it had opened a new position in
The Blackstone and bought 7,047 shares worth $399 thousand.
This means they effectively own approximately 0.1% of the company.
The Blackstone makes up
2.6%
of the fund's Finance sector allocation and has grown its share price by 19.1% in the past year.
The investment fund also strengthened its position in Amazon.com by buying
138 additional shares.
This makes their stake in Amazon.com total 3,456 shares worth $9.53 million.
Amazon.com soared 98.3% in the past year.
On the other hand, there are companies that Blue Chip Wealth Management is getting rid of from its portfolio.
Blue Chip Wealth Management closed its position in Barclays Bank Plc on 13th August 2020.
It sold the previously owned 110,000 shares for $454 thousand.
Andy Kane also disclosed a decreased stake in Apple by approximately 0.1%.
This leaves the value of the investment at $13.5 million and 37,079 shares.
The two most similar investment funds to Blue Chip Wealth Management are Davidson Capital Management and Spectrum Asset Management, (nb/ca). They manage $105 million and $105 million respectively.
Blue Chip Wealth Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 27.5% of
the total portfolio value.
The fund focuses on investments in the United States as
63.0% 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
57% of the total holdings value.
On the other hand, small-cap stocks make up only 4.9% of the portfolio.
The average market cap of the portfolio companies is close to $267 billion.
These positions were updated on August 13th 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 |
|---|---|---|---|
| Apple, Inc. |
0.72%
37,079
|
$13,526,000 | 12.92% |
| Amazon.com, Inc. |
4.16%
3,456
|
$9,534,000 | 9.10% |
| Microsoft Corp. |
1.65%
25,798
|
$5,250,000 | 5.01% |
| Visa, Inc. |
0.57%
14,693
|
$2,838,000 | 2.71% |
| The Home Depot, Inc. |
3.35%
11,173
|
$2,799,000 | 2.67% |
| BlackRock, Inc. |
6.91%
5,088
|
$2,768,000 | 2.64% |
| Schwab Strategic Tr |
4.81%
68,287
|
$4,952,000 | 4.73% |
| JPMorgan Chase & Co. |
6.48%
26,212
|
$2,465,000 | 2.35% |
| Facebook, Inc. |
1.36%
10,834
|
$2,460,000 | 2.35% |
| Ishares Tr |
3.19%
84,448
|
$10,525,000 | 10.05% |
| UnitedHealth Group, Inc. |
3.03%
8,012
|
$2,363,000 | 2.26% |
| Berkshire Hathaway Inc. |
8.95%
11,486
|
$2,050,000 | 1.96% |
| Tesla, Inc. |
13.96%
1,723
|
$1,861,000 | 1.78% |
| Spdr S&p 500 Etf Tr |
8.34%
5,218
|
$1,609,000 | 1.54% |
| Marsh & McLennan Cos., Inc. |
0.15%
14,427
|
$1,549,000 | 1.48% |
| Disney Walt Co |
1.44%
13,343
|
$1,488,000 | 1.42% |
| Mastercard, Inc. |
3.10%
4,921
|
$1,455,000 | 1.39% |
| Netflix, Inc. |
22.30%
3,153
|
$1,435,000 | 1.37% |
| Mcdonalds Corp |
6.73%
7,466
|
$1,377,000 | 1.32% |
| PayPal Holdings, Inc. |
44.24%
7,799
|
$1,359,000 | 1.30% |
| Alphabet, Inc. |
0.31%
1,607
|
$2,275,000 | 2.17% |
| NVIDIA Corp. |
17.64%
3,141
|
$1,193,000 | 1.14% |
| Costco Whsl Corp New |
9.58%
3,842
|
$1,165,000 | 1.11% |
| Waste Mgmt Inc Del |
19.12%
9,763
|
$1,034,000 | 0.99% |
| Johnson & Johnson |
5.20%
7,160
|
$1,007,000 | 0.96% |
| Spdr S&p Midcap 400 Etf Tr |
0.23%
3,002
|
$974,000 | 0.93% |
| Energy Transfer Lp |
113.89%
124,273
|
$885,000 | 0.85% |
| Verizon Communications, Inc. |
5.71%
15,090
|
$832,000 | 0.79% |
| Honeywell International, Inc. |
6.50%
5,341
|
$772,000 | 0.74% |
| Spdr Dow Jones Indl Average |
38.87%
2,994
|
$772,000 | 0.74% |
| salesforce.com, inc. |
0.17%
4,059
|
$760,000 | 0.73% |
| Pfizer Inc. |
1.09%
23,027
|
$753,000 | 0.72% |
| Independence Rlty Tr Inc |
3.26%
63,320
|
$728,000 | 0.70% |
| AbbVie, Inc. |
17.91%
7,243
|
$711,000 | 0.68% |
| Thermo Fisher Scientific, Inc. |
1.56%
1,958
|
$710,000 | 0.68% |
| Direxion Shs Etf Tr |
110.63%
21,739
|
$680,000 | 0.65% |
| Alps Etf Tr |
9.41%
18,646
|
$678,000 | 0.65% |
| Danaher Corp. |
2.32%
3,619
|
$640,000 | 0.61% |
| Pepsico Inc |
2.24%
4,757
|
$629,000 | 0.60% |
| Merck & Co., Inc. |
0.85%
7,517
|
$581,000 | 0.55% |
| The Goldman Sachs Group, Inc. |
10.47%
2,752
|
$544,000 | 0.52% |
| General Dynamics Corp. |
9.08%
3,594
|
$537,000 | 0.51% |
| Broadcom Inc. |
27.40%
1,660
|
$524,000 | 0.50% |
| Zoetis, Inc. |
7.38%
3,725
|
$510,000 | 0.49% |
| Humana, Inc. |
95.35%
1,303
|
$505,000 | 0.48% |
| Intel Corp. |
0.11%
7,973
|
$477,000 | 0.46% |
| Sempra Energy |
0.47%
4,021
|
$471,000 | 0.45% |
| Starbucks Corp. |
1.58%
6,317
|
$465,000 | 0.44% |
| Cisco Sys Inc |
1.58%
9,906
|
$462,000 | 0.44% |
| Vanguard Index Fds |
No change
5,880
|
$462,000 | 0.44% |
| Barclays Bank Plc |
Closed
110,000
|
$454,000 | |
| Spdr Ser Tr |
0.11%
3,794
|
$425,000 | 0.41% |
| NIKE, Inc. |
0.02%
4,093
|
$401,000 | 0.38% |
| Amgen, Inc. |
0.71%
1,692
|
$399,000 | 0.38% |
| The Blackstone Group, Inc. |
Opened
7,047
|
$399,000 | 0.38% |
| Lockheed Martin Corp. |
0.10%
987
|
$360,000 | 0.34% |
| Yum Brands Inc |
1.25%
3,963
|
$344,000 | 0.33% |
| The Boeing Co. |
28.38%
1,850
|
$339,000 | 0.32% |
| Wp Carey Inc |
0.02%
4,873
|
$330,000 | 0.32% |
| Bristol Myers Squibb Co. |
12.47%
5,410
|
$318,000 | 0.30% |
| Procter And Gamble Co |
0.08%
2,501
|
$299,000 | 0.29% |
| Caterpillar, Inc. |
Closed
2,564
|
$297,000 | |
| CVS Health Corp. |
3.40%
4,411
|
$287,000 | 0.27% |
| GoDaddy, Inc. |
Opened
3,700
|
$271,000 | 0.26% |
| Dollar Gen Corp New |
Opened
1,410
|
$269,000 | 0.26% |
| Prudential Finl Inc |
7.56%
4,382
|
$267,000 | 0.25% |
| Novavax, Inc. |
Opened
3,183
|
$265,000 | 0.25% |
| Bancolombia S A |
25.00%
10,000
|
$263,000 | 0.25% |
| Allergan Plc |
Closed
1,444
|
$256,000 | |
| AT&T Inc. |
2.62%
8,262
|
$250,000 | 0.24% |
| QUALCOMM, Inc. |
Opened
2,742
|
$250,000 | 0.24% |
| Comcast Corp New |
0.30%
6,323
|
$246,000 | 0.23% |
| Walmart, Inc. |
8.88%
2,048
|
$245,000 | 0.23% |
| Philip Morris International, Inc. |
4.07%
3,451
|
$242,000 | 0.23% |
| Schwab Strategic Tr |
Opened
3,702
|
$242,000 | 0.23% |
| Select Sector Spdr Tr |
Opened
1,811
|
$231,000 | 0.22% |
| Grupo Aval Acciones Y Valore |
30.00%
52,000
|
$227,000 | 0.22% |
| Gilead Sciences, Inc. |
Opened
2,700
|
$208,000 | 0.20% |
| Colgate-Palmolive Co. |
Opened
2,828
|
$207,000 | 0.20% |
| Las Vegas Sands Corp. |
Opened
4,504
|
$205,000 | 0.20% |
| Vanguard Index Fds |
Opened
1,303
|
$204,000 | 0.19% |
| Premier Finl Bancorp Inc |
Closed
16,360
|
$203,000 | |
| Air Prods & Chems Inc |
Opened
833
|
$201,000 | 0.19% |
| Blackrock Floating Rate Inco |
Closed
13,936
|
$139,000 | |
| General Electric Co. |
Closed
14,378
|
$114,000 | |
| Tecnoglass, Inc. |
No change
12,681
|
$69,000 | 0.07% |
| ClearSign Technologies Corp. |
Opened
25,000
|
$52,000 | 0.05% |
| OPKO Health, Inc. |
Closed
12,000
|
$16,000 | |
| No transactions found | |||
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