Qp Wealth Management 13F annual report
Qp Wealth Management is an investment fund managing more than $61.8 billion ran by Lisa Heerwagen. There are currently 52 companies in Mrs. Heerwagen’s portfolio. The largest investments include Apple Inc and First Tr Exchange-traded Fd, together worth $11.4 billion.
$61.8 billion Assets Under Management (AUM)
As of 6th July 2023, Qp Wealth Management’s top holding is 25,203 shares of Apple Inc currently worth over $4.89 billion and making up 7.9% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Qp Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 193,434 shares of First Tr Exchange-traded Fd worth $6.56 billion.
The third-largest holding is Amazon.com worth $2.85 billion and the next is Tesla Inc worth $2.77 billion, with 10,597 shares owned.
Currently, Qp Wealth Management's portfolio is worth at least $61.8 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 Qp Wealth Management
The Qp Wealth Management office and employees reside in Eatontown, New Jersey. According to the last 13-F report filed with the SEC, Lisa Heerwagen serves as the Managing Member and Chief Operating Officer at Qp Wealth Management.
Recent trades
In the most recent 13F filing, Qp Wealth Management revealed that it had opened a new position in
Boston Scientific and bought 14,777 shares worth $799 million.
This means they effectively own approximately 0.1% of the company.
Boston Scientific makes up
24.1%
of the fund's Health Care sector allocation and has grown its share price by 42.7% in the past year.
The investment fund also strengthened its position in First Tr Exch Traded Fd Iii by buying
45,489 additional shares.
This makes their stake in First Tr Exch Traded Fd Iii total 233,417 shares worth $3.87 billion.
On the other hand, there are companies that Qp Wealth Management is getting rid of from its portfolio.
Qp Wealth Management closed its position in Unitedhealth Inc on 13th July 2023.
It sold the previously owned 3,616 shares for $1.92 billion.
Lisa Heerwagen also disclosed a decreased stake in Apple Inc by 0.1%.
This leaves the value of the investment at $4.89 billion and 25,203 shares.
One of the smallest hedge funds
The two most similar investment funds to Qp Wealth Management are Alterity and Strategic Income Management. They manage $61.7 billion and $61.6 billion respectively.
Lisa Heerwagen investment strategy
Qp Wealth Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 17.4% of
the total portfolio value.
The fund focuses on investments in the United States as
36.5% 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 7.7% of the portfolio.
The average market cap of the portfolio companies is close to $385 billion.
The complete list of Qp Wealth Management trades based on 13F SEC filings
These positions were updated on July 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 |
13.46%
25,203
|
$4,888,626,000 | 7.91% |
| First Tr Exchange-traded Fd |
19.14%
193,434
|
$6,557,539,000 | 10.61% |
| Amazon.com Inc. |
18.10%
21,888
|
$2,853,320,000 | 4.62% |
| Tesla Inc |
27.35%
10,597
|
$2,773,977,000 | 4.49% |
| First Tr Exch Traded Fd Iii |
24.21%
233,417
|
$3,871,857,000 | 6.27% |
| Microsoft Corporation |
17.32%
7,399
|
$2,519,655,000 | 4.08% |
| Spdr Index Shs Fds |
104.19%
68,539
|
$2,230,259,000 | 3.61% |
| Unitedhealth Group Inc |
Closed
3,616
|
$1,917,131,000 | |
| Ishares Tr |
Closed
68,180
|
$3,088,013,000 | |
| Alphabet Inc |
30.50%
14,938
|
$1,788,079,000 | 2.89% |
| Danaher Corp. |
Closed
6,726
|
$1,785,215,000 | |
| Uber Technologies Inc |
115.83%
39,920
|
$1,723,346,000 | 2.79% |
| Spdr Index Shs Fds |
Closed
69,842
|
$1,680,399,000 | |
| Walmart Inc |
15.00%
10,567
|
$1,660,921,000 | 2.69% |
| Goldman Sachs BDC Inc |
4.36%
114,895
|
$1,592,445,000 | 2.58% |
| J & J Snack Foods Corp |
No change
10,000
|
$1,583,600,000 | 2.56% |
| Meta Platforms Inc |
106.45%
5,475
|
$1,571,216,000 | 2.54% |
| Visa Inc |
26.78%
5,484
|
$1,302,340,000 | 2.11% |
| VanEck ETF Trust |
17.83%
60,540
|
$1,279,816,000 | 2.07% |
| Procter And Gamble Co |
7.12%
8,056
|
$1,222,417,000 | 1.98% |
| Devon Energy Corp. |
Closed
19,729
|
$1,213,531,000 | |
| Spdr Ser Tr |
118.04%
102,974
|
$3,709,928,000 | 6.00% |
| JPMorgan Chase & Co. |
2.24%
7,586
|
$1,103,308,000 | 1.79% |
| Abbott Labs |
Closed
9,716
|
$1,066,720,000 | |
| VanEck ETF Trust |
Closed
20,575
|
$1,040,066,000 | |
| Spdr Gold Tr |
28.12%
5,215
|
$929,678,000 | 1.50% |
| Pacer Fds Tr |
15.55%
18,679
|
$894,164,000 | 1.45% |
| Chicago Atlantic Real Estate |
Closed
58,738
|
$885,182,000 | |
| Boston Scientific Corp. |
Opened
14,777
|
$799,288,000 | 1.29% |
| Invesco Exch Traded Fd Tr Ii |
2.16%
34,128
|
$1,040,867,000 | 1.68% |
| Astrazeneca plc |
Opened
10,527
|
$753,417,000 | 1.22% |
| Conocophillips |
Opened
7,192
|
$745,163,000 | 1.21% |
| Bruker Corp |
Opened
9,394
|
$694,404,000 | 1.12% |
| Global X Fds |
38.48%
60,344
|
$1,453,335,000 | 2.35% |
| Ishares Tr |
24.55%
16,001
|
$1,236,415,000 | 2.00% |
| Disney Walt Co |
64.76%
6,930
|
$618,710,000 | 1.00% |
| Ford Mtr Co Del |
147.11%
40,390
|
$611,101,000 | 0.99% |
| Verizon Communications Inc |
133.51%
15,211
|
$565,697,000 | 0.92% |
| Mosaic Co New |
25.23%
14,900
|
$521,500,000 | 0.84% |
| Spdr S&p Midcap 400 Etf Tr |
Closed
1,150
|
$509,209,000 | |
| Spdr Ser Tr |
Opened
21,931
|
$723,029,000 | 1.17% |
| Spdr S&p 500 Etf Tr |
Closed
1,111
|
$424,880,000 | |
| Pepsico Inc |
No change
2,101
|
$389,147,000 | 0.63% |
| Vanguard World Fds |
Closed
4,675
|
$384,519,000 | |
| Kraneshares Tr |
Closed
12,905
|
$363,147,000 | |
| Invesco Exchange Traded Fd T |
21.52%
10,628
|
$658,663,000 | 1.07% |
| Merck & Co Inc |
No change
2,802
|
$323,323,000 | 0.52% |
| Johnson & Johnson |
No change
1,931
|
$319,619,000 | 0.52% |
| First Tr Exchange-traded Fd |
Opened
20,196
|
$531,801,000 | 0.86% |
| Chubb Limited |
No change
1,585
|
$305,208,000 | 0.49% |
| NVIDIA Corp |
Opened
693
|
$293,153,000 | 0.47% |
| Mcdonalds Corp |
No change
955
|
$284,982,000 | 0.46% |
| Credit Suisse Ag Nassau Brh |
Closed
1,930
|
$283,845,000 | |
| Eaton Vance Tx Adv Glbl Div |
Closed
18,472
|
$278,927,000 | |
| Coca-cola Femsa Sab De Cv |
8.04%
3,328
|
$277,256,000 | 0.45% |
| Vista Energy S.a.b. De C.v. |
Opened
11,322
|
$273,087,000 | 0.44% |
| VanEck ETF Trust |
Opened
11,382
|
$253,819,000 | 0.41% |
| Ssga Active Etf Tr |
17.65%
6,111
|
$247,801,000 | 0.40% |
| Asml Holding N V |
Opened
329
|
$238,443,000 | 0.39% |
| Li Auto Inc. |
Opened
6,785
|
$238,154,000 | 0.39% |
| Opera Ltd |
Opened
11,895
|
$236,354,000 | 0.38% |
| Wisdomtree Tr |
Opened
4,562
|
$229,560,000 | 0.37% |
| Select Sector Spdr Tr |
Closed
4,755
|
$228,192,000 | |
| Pampa Energia S A |
Opened
5,175
|
$224,181,000 | 0.36% |
| Avadel Pharmaceuticals plc |
Opened
13,380
|
$220,502,000 | 0.36% |
| Alphabet Inc |
Opened
1,750
|
$211,698,000 | 0.34% |
| Sendas Distribuidora S A |
Closed
11,514
|
$210,821,000 | |
| Ambrx Biopharma Inc. |
Opened
12,670
|
$208,548,000 | 0.34% |
| Ambev Sa |
Closed
56,265
|
$153,041,000 | |
| No transactions found | |||
| Showing first 500 out of 69 holdings | |||
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