Salvus Wealth Management 13F annual report
Salvus Wealth Management is an investment fund managing more than $146 billion ran by Robert Joel. There are currently 106 companies in Mr. Joel’s portfolio. The largest investments include Berkshire Hathaway and Alphabet Inc, together worth $14.2 billion.
$146 billion Assets Under Management (AUM)
As of 5th April 2024, Salvus Wealth Management’s top holding is 18,107 shares of Berkshire Hathaway currently worth over $7.61 billion and making up 5.2% of the portfolio value.
Relative to the number of outstanding shares of Berkshire Hathaway, Salvus Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 43,295 shares of Alphabet Inc worth $6.59 billion, whose value grew 14.7% in the past six months.
The third-largest holding is Progressive worth $6.35 billion and the next is Schwab Charles Corp worth $5.46 billion, with 75,434 shares owned.
Currently, Salvus Wealth Management's portfolio is worth at least $146 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 Salvus Wealth Management
The Salvus Wealth Management office and employees reside in Red Bank, New Jersey. According to the last 13-F report filed with the SEC, Robert Joel serves as the Member & Chief Compliance Officer at Salvus Wealth Management.
Recent trades
In the most recent 13F filing, Salvus Wealth Management revealed that it had increased its stake in
Microsoft and bought 385 additional shares worth around $162 thousand.
This means they effectively own approximately 0.1% of the company.
Microsoft makes up
16.5%
of the fund's Technology sector allocation and has grown its share price by 51.0% in the past year.
On the other hand, there are companies that Salvus Wealth Management is getting rid of from its portfolio.
Salvus Wealth Management closed its position in PayPal Inc on 12th April 2024.
It sold the previously owned 4,835 shares for $297 million.
Robert Joel also disclosed a decreased stake in Berkshire Hathaway by approximately 0.1%.
This leaves the value of the investment at $7.61 billion and 18,107 shares.
One of the smallest hedge funds
The two most similar investment funds to Salvus Wealth Management are Fwl Investment Management and R.h. Dinel Investment Counsel. They manage $146 billion and $146 billion respectively.
Robert Joel investment strategy
Salvus Wealth Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Finance — making up 18.2% of
the total portfolio value.
The fund focuses on investments in the United States as
50.9% 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
53% of the total holdings value.
On the other hand, small-cap stocks make up only 0.9% of the portfolio.
The average market cap of the portfolio companies is close to $208 billion.
The complete list of Salvus Wealth Management trades based on 13F SEC filings
These positions were updated on April 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 |
|---|---|---|---|
| Berkshire Hathaway Inc. |
0.42%
18,107
|
$7,614,356,000 | 5.20% |
| Alphabet Inc |
20.53%
43,295
|
$6,592,049,000 | 4.50% |
| Progressive Corp. |
0.88%
30,698
|
$6,348,960,000 | 4.34% |
| Schwab Charles Corp |
0.58%
75,434
|
$5,456,896,000 | 3.73% |
| Lauder Estee Cos Inc |
8.42%
33,351
|
$5,141,018,000 | 3.51% |
| Booking Holdings Inc |
0.87%
1,360
|
$4,933,917,000 | 3.37% |
| American Express Co. |
1.09%
20,916
|
$4,762,364,000 | 3.25% |
| Tempur Sealy International Inc |
1.13%
78,434
|
$4,456,620,000 | 3.04% |
| Floor Decor Hldgs Inc |
16.12%
34,313
|
$4,447,651,000 | 3.04% |
| Thor Inds Inc |
0.97%
35,152
|
$4,124,736,000 | 2.82% |
| Analog Devices Inc. |
0.60%
19,717
|
$3,899,825,000 | 2.66% |
| Microsoft Corporation |
4.54%
8,868
|
$3,731,082,000 | 2.55% |
| Carmax Inc |
0.64%
42,514
|
$3,703,395,000 | 2.53% |
| Apple Inc |
0.04%
20,801
|
$3,566,884,000 | 2.44% |
| Moelis Co |
0.80%
61,653
|
$3,500,041,000 | 2.39% |
| NVR Inc. |
0.72%
411
|
$3,329,084,000 | 2.27% |
| Armstrong World Inds Inc New |
1.40%
24,864
|
$3,088,606,000 | 2.11% |
| Arista Networks Inc |
23.40%
8,829
|
$2,560,233,000 | 1.75% |
| Amazon.com Inc. |
1.17%
12,675
|
$2,286,317,000 | 1.56% |
| Merck Co Inc |
0.40%
15,268
|
$2,014,613,000 | 1.38% |
| Aon plc. |
0.69%
5,914
|
$1,973,620,000 | 1.35% |
| Applied Matls Inc |
0.40%
9,296
|
$1,917,114,000 | 1.31% |
| Brookfield Corp |
55.33%
43,499
|
$1,821,303,000 | 1.24% |
| Markel Group Inc |
0.68%
1,171
|
$1,781,653,000 | 1.22% |
| American Tower Corp. |
0.99%
8,480
|
$1,675,563,000 | 1.14% |
| Oreilly Automotive Inc |
0.41%
1,463
|
$1,651,551,000 | 1.13% |
| NVIDIA Corp |
1.90%
1,609
|
$1,453,849,000 | 0.99% |
| Blackrock Inc. |
0.06%
1,571
|
$1,309,743,000 | 0.89% |
| Cogent Communications Hldgs |
0.63%
19,507
|
$1,274,392,000 | 0.87% |
| Disney Walt Co |
0.59%
10,000
|
$1,223,621,000 | 0.84% |
| Goldman Sachs Etf Tr |
No change
12,117
|
$1,222,484,000 | 0.83% |
| Norfolk Southn Corp |
0.02%
4,576
|
$1,166,285,000 | 0.80% |
| Agnico Eagle Mines Ltd |
No change
18,562
|
$1,107,223,000 | 0.76% |
| Verizon Communications Inc |
0.44%
26,150
|
$1,097,258,000 | 0.75% |
| Cisco Sys Inc |
0.02%
21,752
|
$1,085,624,000 | 0.74% |
| CDW Corp |
0.73%
4,106
|
$1,050,233,000 | 0.72% |
| Johnson Johnson |
0.15%
6,625
|
$1,048,009,000 | 0.72% |
| Eli Lilly Co |
7.74%
1,337
|
$1,040,386,000 | 0.71% |
| Comcast Corp New |
0.09%
23,593
|
$1,022,757,000 | 0.70% |
| Lowes Cos Inc |
0.05%
3,872
|
$986,315,000 | 0.67% |
| Chevron Corp. |
0.05%
6,093
|
$961,110,000 | 0.66% |
| Texas Instrs Inc |
0.09%
5,348
|
$931,675,000 | 0.64% |
| Loews Corp. |
No change
11,808
|
$924,475,000 | 0.63% |
| Encore Cap Group Inc |
0.73%
19,213
|
$876,305,000 | 0.60% |
| Paychex Inc. |
0.09%
6,926
|
$850,513,000 | 0.58% |
| Unilever plc |
19.98%
16,275
|
$816,842,000 | 0.56% |
| Crown Castle Inc |
0.10%
7,649
|
$809,494,000 | 0.55% |
| Nu Hldgs Ltd |
7.20%
67,000
|
$799,310,000 | 0.55% |
| Fastenal Co. |
0.13%
10,260
|
$791,456,000 | 0.54% |
| Philip Morris International Inc |
0.12%
8,472
|
$776,205,000 | 0.53% |
| Visa Inc |
12.17%
2,737
|
$763,842,000 | 0.52% |
| RH |
0.73%
2,183
|
$760,252,000 | 0.52% |
| Fidelity Natl Information Sv |
0.07%
10,226
|
$758,565,000 | 0.52% |
| Netflix Inc. |
17.20%
1,223
|
$742,765,000 | 0.51% |
| DuPont de Nemours Inc |
0.26%
9,556
|
$732,659,000 | 0.50% |
| Cincinnati Finl Corp |
0.09%
5,844
|
$725,649,000 | 0.50% |
| Salesforce Inc |
0.71%
2,374
|
$715,001,000 | 0.49% |
| Medtronic Plc |
No change
7,949
|
$692,755,000 | 0.47% |
| Mastercard Incorporated |
1.50%
1,421
|
$684,311,000 | 0.47% |
| Enbridge Inc |
0.24%
18,856
|
$682,198,000 | 0.47% |
| ServiceNow Inc |
17.11%
867
|
$661,001,000 | 0.45% |
| Starbucks Corp. |
0.09%
7,045
|
$643,843,000 | 0.44% |
| Air Prods Chems Inc |
No change
2,650
|
$642,016,000 | 0.44% |
| United Parcel Service, Inc. |
0.12%
4,293
|
$638,069,000 | 0.44% |
| Vanguard Index Fds |
21.74%
2,452
|
$637,266,000 | 0.44% |
| Altria Group Inc. |
0.08%
14,338
|
$625,422,000 | 0.43% |
| Northrop Grumman Corp. |
0.23%
1,291
|
$617,950,000 | 0.42% |
| Meta Platforms Inc |
0.57%
1,238
|
$601,148,000 | 0.41% |
| Thermo Fisher Scientific Inc. |
65.19%
1,006
|
$584,697,000 | 0.40% |
| Diageo plc |
0.03%
3,808
|
$566,402,000 | 0.39% |
| Travelers Companies Inc. |
0.62%
2,399
|
$552,106,000 | 0.38% |
| Eog Res Inc |
21.19%
3,946
|
$504,457,000 | 0.34% |
| Airbnb, Inc. |
1.34%
3,029
|
$499,664,000 | 0.34% |
| Enterprise Prods Partners L |
0.02%
17,047
|
$497,425,000 | 0.34% |
| Abbott Labs |
17.01%
4,134
|
$469,870,000 | 0.32% |
| Brookfield Asset Managmt Ltd |
0.79%
10,906
|
$458,270,000 | 0.31% |
| Dominion Energy Inc |
0.10%
9,311
|
$458,008,000 | 0.31% |
| Corteva Inc |
0.35%
7,928
|
$457,208,000 | 0.31% |
| Unitedhealth Group Inc |
2.06%
903
|
$446,732,000 | 0.31% |
| Equity Comwlth |
No change
23,386
|
$441,528,000 | 0.30% |
| Accenture Plc Ireland |
1.20%
1,268
|
$439,501,000 | 0.30% |
| Spdr Ser Tr |
No change
4,551
|
$417,782,000 | 0.29% |
| Adobe Inc |
30.50%
818
|
$412,731,000 | 0.28% |
| Autodesk Inc. |
5.55%
1,515
|
$394,536,000 | 0.27% |
| Shenandoah Telecommunication |
0.70%
20,565
|
$357,214,000 | 0.24% |
| Franco Nev Corp |
No change
2,895
|
$344,968,000 | 0.24% |
| Novo-nordisk A S |
18.65%
2,646
|
$339,746,000 | 0.23% |
| Zoetis Inc |
40.10%
1,967
|
$332,836,000 | 0.23% |
| International Flavorsfragra |
No change
3,833
|
$329,600,000 | 0.23% |
| Spdr Sp 500 Etf Tr |
9.39%
629
|
$329,054,000 | 0.22% |
| Ast Spacemobile Inc |
0.59%
112,519
|
$326,305,000 | 0.22% |
| General Dynamics Corp. |
No change
1,068
|
$301,699,000 | 0.21% |
| Gartner, Inc. |
5.57%
627
|
$298,872,000 | 0.20% |
| Intel Corp. |
No change
6,765
|
$298,810,000 | 0.20% |
| PayPal Holdings Inc |
Closed
4,835
|
$296,917,000 | |
| Energy Transfer L P |
2.45%
18,601
|
$292,594,000 | 0.20% |
| Vanguard Star Fds |
50.00%
4,791
|
$288,897,000 | 0.20% |
| Tesla Inc |
1.24%
1,637
|
$287,768,000 | 0.20% |
| Vanguard Charlotte Fds |
Closed
5,320
|
$262,622,000 | |
| Nike, Inc. |
43.29%
2,754
|
$258,821,000 | 0.18% |
| Seagate Technology Hldngs Pl |
No change
2,735
|
$254,492,000 | 0.17% |
| Coca-Cola Co |
No change
4,005
|
$245,035,000 | 0.17% |
| Workday Inc |
1.52%
867
|
$236,474,000 | 0.16% |
| Vir Biotechnology Inc |
No change
11,691
|
$118,430,000 | 0.08% |
| Himalaya Shipping Ltd |
No change
10,220
|
$78,796,000 | 0.05% |
| Safe Bulkers, Inc |
No change
13,193
|
$65,437,000 | 0.04% |
| Rocky Mtn Chocolate Factory |
33.52%
15,395
|
$55,730,000 | 0.04% |
| Fluent Inc |
4.31%
110,875
|
$54,639,000 | 0.04% |
| No transactions found | |||
| Showing first 500 out of 108 holdings | |||
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