Kelman-lazarov is an investment fund managing more than $536 billion ran by Michael Munekata. There are currently 54 companies in Mr. Munekata’s portfolio. The largest investments include Schwab Strategic Tr and VanEck ETF Trust, together worth $196 billion.
As of 5th August 2024, Kelman-lazarov’s top holding is 2,622,704 shares of Schwab Strategic Tr currently worth over $148 billion and making up 27.7% of the portfolio value.
In addition, the fund holds 559,831 shares of VanEck ETF Trust worth $47.4 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Goldman Sachs Etf Tr worth $74 billion and the next is Ishares Tr worth $88.7 billion, with 1,105,402 shares owned.
Currently, Kelman-lazarov's portfolio is worth at least $536 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 Kelman-lazarov office and employees reside in Memphis, Tennessee. According to the last 13-F report filed with the SEC, Michael Munekata serves as the Chief Compliance Officer at Kelman-lazarov.
In the most recent 13F filing, Kelman-lazarov revealed that it had opened a new position in
Ishares Tr and bought 8,728 shares worth $1 billion.
The investment fund also strengthened its position in Schwab Strategic Tr by buying
341,368 additional shares.
This makes their stake in Schwab Strategic Tr total 2,622,704 shares worth $148 billion.
On the other hand, there are companies that Kelman-lazarov is getting rid of from its portfolio.
Kelman-lazarov closed its position in Visa Inc on 12th August 2024.
It sold the previously owned 750 shares for $209 million.
Michael Munekata also disclosed a decreased stake in VanEck ETF Trust by approximately 0.1%.
This leaves the value of the investment at $47.4 billion and 559,831 shares.
The two most similar investment funds to Kelman-lazarov are Montanaro Asset Management Ltd and Cfm Wealth Partners. They manage $536 billion and $536 billion respectively.
Kelman-lazarov’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Miscellaneous — making up 8.8% 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
43% of the total holdings value.
On the other hand, small-cap stocks make up only 3.7% of the portfolio.
The average market cap of the portfolio companies is close to $417 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 |
|---|---|---|---|
| Schwab Strategic Tr |
14.96%
2,622,704
|
$148,377,821,000 | 27.67% |
| VanEck ETF Trust |
0.57%
559,831
|
$47,375,983,000 | 8.83% |
| Goldman Sachs Etf Tr |
1.16%
1,378,052
|
$74,043,798,000 | 13.81% |
| Ishares Tr |
4.27%
1,105,402
|
$88,722,988,000 | 16.55% |
| Pimco Etf Tr |
12.86%
1,318,043
|
$56,478,928,000 | 10.53% |
| Vanguard Bd Index Fds |
2.72%
266,523
|
$20,371,905,000 | 3.80% |
| Berkshire Hathaway Inc. |
1.20%
33,183
|
$14,722,513,000 | 2.75% |
| 2023 Etf Series Trust Ii |
428.32%
335,592
|
$10,410,064,000 | 1.94% |
| Matthews Asia Fds |
30.00%
474,840
|
$9,124,757,000 | 1.70% |
| American Centy Etf Tr |
2.50%
194,838
|
$11,965,203,000 | 2.23% |
| Vanguard Mun Bd Fds |
0.63%
94,093
|
$4,715,000,000 | 0.88% |
| Vanguard Index Fds |
20.37%
25,789
|
$8,157,945,000 | 1.52% |
| Spdr S&p 500 Etf Tr |
0.05%
6,251
|
$3,401,919,000 | 0.63% |
| Invesco Exch Traded Fd Tr Ii |
2.79%
33,539
|
$3,106,382,000 | 0.58% |
| Alphabet Inc |
9.51%
18,172
|
$3,314,435,000 | 0.62% |
| Apple Inc |
26.49%
11,300
|
$2,380,006,000 | 0.44% |
| Spdr Ser Tr |
72.07%
50,497
|
$2,936,762,000 | 0.55% |
| Spdr S&p Midcap 400 Etf Tr |
0.18%
3,378
|
$1,807,500,000 | 0.34% |
| Mastercard Incorporated |
4.10%
4,092
|
$1,805,227,000 | 0.34% |
| Fedex Corp |
2.01%
5,766
|
$1,728,850,000 | 0.32% |
| Tesla Inc |
1.61%
6,770
|
$1,339,648,000 | 0.25% |
| Vanguard Scottsdale Fds |
6.36%
17,266
|
$1,334,230,000 | 0.25% |
| Vanguard Specialized Funds |
0.46%
6,941
|
$1,267,080,000 | 0.24% |
| Microsoft Corporation |
14.51%
2,810
|
$1,255,930,000 | 0.23% |
| Yum Brands Inc. |
7.57%
9,243
|
$1,224,328,000 | 0.23% |
| Spdr Dow Jones Indl Average |
0.04%
2,425
|
$948,490,000 | 0.18% |
| Netflix Inc. |
0.32%
1,250
|
$843,600,000 | 0.16% |
| Ishares Tr |
Opened
8,728
|
$1,004,974,000 | 0.19% |
| Norfolk Southn Corp |
12.13%
3,622
|
$777,607,000 | 0.15% |
| Procter And Gamble Co |
2.01%
4,639
|
$765,064,000 | 0.14% |
| Walmart Inc |
4.73%
11,287
|
$764,272,000 | 0.14% |
| Nushares Etf Tr |
13.03%
41,630
|
$1,285,985,000 | 0.24% |
| Wisdomtree Tr |
5.14%
10,536
|
$942,534,000 | 0.18% |
| Exxon Mobil Corp. |
5.47%
5,596
|
$644,212,000 | 0.12% |
| Johnson & Johnson |
1.95%
4,175
|
$610,254,000 | 0.11% |
| Amazon.com Inc. |
0.69%
2,903
|
$561,005,000 | 0.10% |
| Pgim Etf Tr |
100.16%
11,451
|
$472,231,000 | 0.09% |
| Tractor Supply Co. |
No change
1,504
|
$406,080,000 | 0.08% |
| Disney Walt Co |
14.79%
4,004
|
$397,557,000 | 0.07% |
| Canadian Natl Ry Co |
No change
3,351
|
$395,854,000 | 0.07% |
| McCormick & Co., Inc. |
No change
5,469
|
$387,971,000 | 0.07% |
| American Express Co. |
No change
1,579
|
$365,617,000 | 0.07% |
| Home Depot, Inc. |
22.03%
1,062
|
$365,583,000 | 0.07% |
| Unitedhealth Group Inc |
15.97%
642
|
$326,945,000 | 0.06% |
| Qualcomm, Inc. |
No change
1,631
|
$324,863,000 | 0.06% |
| Pepsico Inc |
2.43%
1,559
|
$257,126,000 | 0.05% |
| Pfizer Inc. |
1.04%
9,176
|
$256,744,000 | 0.05% |
| Merck & Co Inc |
17.71%
2,054
|
$254,285,000 | 0.05% |
| Lowes Cos Inc |
0.18%
1,108
|
$244,270,000 | 0.05% |
| AMGEN Inc. |
1.36%
724
|
$226,214,000 | 0.04% |
| Invesco Exchange Traded Fd T |
9.14%
6,796
|
$426,054,000 | 0.08% |
| NVIDIA Corp |
Opened
1,730
|
$213,724,000 | 0.04% |
| Visa Inc |
Closed
750
|
$209,310,000 | |
| JPMorgan Chase & Co. |
9.14%
1,024
|
$207,114,000 | 0.04% |
| Ishares Inc |
Opened
6,037
|
$202,421,000 | 0.04% |
| Autozone Inc. |
Closed
64
|
$201,706,000 | |
| No transactions found | |||
| Showing first 500 out of 56 holdings | |||