Cit Bank, Na Wealth Management 13F annual report
Cit Bank, Na Wealth Management is an investment fund managing more than $298 million ran by Heather Reynolds. There are currently 119 companies in Mrs. Reynolds’s portfolio. The largest investments include Spdr S&p 500 Etf Trust and Ishares Core Us Aggregate Bond Etf, together worth $102 million.
$298 million Assets Under Management (AUM)
As of 7th October 2020, Cit Bank, Na Wealth Management’s top holding is 247,005 shares of Spdr S&p 500 Etf Trust currently worth over $76.2 million and making up 25.6% of the portfolio value.
In addition, the fund holds 217,258 shares of Ishares Core Us Aggregate Bond Etf worth $25.7 million.
The third-largest holding is Procter & Gamble Co worth $18.7 million and the next is AbbVie worth $12.6 million, with 128,191 shares owned.
Currently, Cit Bank, Na Wealth Management's portfolio is worth at least $298 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.
Careers at Cit Bank, Na Wealth Management
The Cit Bank, Na Wealth Management office and employees reside in Scottsdale, Arizona. According to the last 13-F report filed with the SEC, Heather Reynolds serves as the Director Wealth Management Finance & Operations at Cit Bank, Na Wealth Management.
Recent trades
In the most recent 13F filing, Cit Bank, Na Wealth Management revealed that it had opened a new position in
Genuine Parts Co and bought 5,710 shares worth $497 thousand.
This means they effectively own approximately 0.1% of the company.
Genuine Parts Co makes up
5.7%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 3.2% in the past year.
The investment fund also strengthened its position in Ishares Core Us Aggregate Bond Etf by buying
32,113 additional shares.
This makes their stake in Ishares Core Us Aggregate Bond Etf total 217,258 shares worth $25.7 million.
On the other hand, there are companies that Cit Bank, Na Wealth Management is getting rid of from its portfolio.
Cit Bank, Na Wealth Management closed its position in Proshares Tr Short S&p 500 Ne on 6th August 2020.
It sold the previously owned 136,459 shares for $3.77 million.
Heather Reynolds also disclosed a decreased stake in Spdr S&p 500 Etf Trust by approximately 0.1%.
This leaves the value of the investment at $76.2 million and 247,005 shares.
One of the smaller hedge funds
The two most similar investment funds to Cit Bank, Na Wealth Management are Bsw Wealth Partners and Carderock Capital Management Inc. They manage $298 million and $298 million respectively.
Heather Reynolds investment strategy
Cit Bank, Na Wealth Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Health Care — making up 10.4% of
the total portfolio value.
The fund focuses on investments in the United States as
50.4% 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
46% of the total holdings value.
On the other hand, small-cap stocks make up only 3.4% of the portfolio.
The average market cap of the portfolio companies is close to $192 billion.
The complete list of Cit Bank, Na Wealth Management trades based on 13F SEC filings
These positions were updated on August 6th 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 |
|---|---|---|---|
| Spdr S&p 500 Etf Trust |
4.08%
247,005
|
$76,163,000 | 25.58% |
| Ishares Core Us Aggregate Bond Etf |
17.34%
217,258
|
$25,682,000 | 8.63% |
| Procter & Gamble Co. |
0.26%
156,225
|
$18,680,000 | 6.27% |
| AbbVie, Inc. |
0.19%
128,191
|
$12,586,000 | 4.23% |
| Ishares Tr Msci Acwi Etf |
20.02%
160,570
|
$11,837,000 | 3.98% |
| Abbott Laboratories |
No change
119,278
|
$10,905,000 | 3.66% |
| Berkshire Hathaway Inc. |
No change
40
|
$10,692,000 | 3.59% |
| Ishares 1-3 Yr Credit Bond Etf |
0.06%
155,505
|
$8,507,000 | 2.86% |
| QUALCOMM, Inc. |
10.55%
85,397
|
$7,789,000 | 2.62% |
| Health Care Select Sector |
57.02%
64,685
|
$6,473,000 | 2.17% |
| Ishares Russell 2000 Index Fund |
474.17%
43,017
|
$6,159,000 | 2.07% |
| Apple, Inc. |
0.56%
15,174
|
$5,535,000 | 1.86% |
| The Coca-Cola Co. |
1.09%
109,265
|
$4,882,000 | 1.64% |
| SPDR S&P Midcap 400 ETF Trust |
0.80%
11,822
|
$3,836,000 | 1.29% |
| Proshares Tr Short S&p 500 Ne |
Closed
136,459
|
$3,773,000 | |
| Ishares Iboxx Invt Grade Corporate Bond |
6.13%
26,878
|
$3,615,000 | 1.21% |
| Ishares Core S&p Small Cap Etf |
0.45%
51,168
|
$3,494,000 | 1.17% |
| Msci Eafe Index Ishares |
5.53%
50,021
|
$3,044,000 | 1.02% |
| Ishares Msci Emerging Marketindex |
5.18%
66,405
|
$2,655,000 | 0.89% |
| Ishares S&p 500 Index Fund |
No change
7,385
|
$2,287,000 | 0.77% |
| Microsoft Corp. |
2.98%
11,070
|
$2,253,000 | 0.76% |
| Spdr S&p Dividend Etf |
1.26%
23,920
|
$2,182,000 | 0.73% |
| Johnson & Johnson |
9.73%
15,502
|
$2,180,000 | 0.73% |
| Pfizer Inc. |
1.03%
54,779
|
$1,791,000 | 0.60% |
| Invesco Qqq Tr Unit Ser 1 |
1.88%
7,041
|
$1,743,000 | 0.59% |
| Merck & Co., Inc. |
No change
21,714
|
$1,679,000 | 0.56% |
| Ishares Floating Rate Bond Etf |
31.96%
30,650
|
$1,551,000 | 0.52% |
| Exxon Mobil Corp. |
4.04%
34,582
|
$1,547,000 | 0.52% |
| Amazon.com, Inc. |
4.27%
560
|
$1,545,000 | 0.52% |
| Target Corp. |
No change
12,775
|
$1,532,000 | 0.51% |
| Chevron Corp. |
6.04%
16,892
|
$1,507,000 | 0.51% |
| Intel Corp. |
3.22%
24,060
|
$1,440,000 | 0.48% |
| iShares Select Dividend ETF |
0.20%
17,416
|
$1,406,000 | 0.47% |
| Cisco Systems, Inc. |
4.92%
29,113
|
$1,357,000 | 0.46% |
| Utilities Select Sector Spdr |
0.46%
22,720
|
$1,283,000 | 0.43% |
| Technology Select Sector Spdr Fund |
0.27%
12,041
|
$1,258,000 | 0.42% |
| Hubbell, Inc. |
No change
9,748
|
$1,222,000 | 0.41% |
| AMETEK, Inc. |
No change
13,483
|
$1,205,000 | 0.40% |
| Intl Business Machines |
15.00%
9,800
|
$1,184,000 | 0.40% |
| Invesco Exch Traded Fd Tr Iipfd Etf |
8.64%
81,075
|
$1,145,000 | 0.38% |
| Facebook, Inc. |
1.97%
4,975
|
$1,130,000 | 0.38% |
| Verizon Communications, Inc. |
3.23%
20,231
|
$1,115,000 | 0.37% |
| Wal-mart Stores Inc |
No change
9,171
|
$1,099,000 | 0.37% |
| AT&T, Inc. |
7.43%
35,361
|
$1,068,000 | 0.36% |
| United Parcel Service, Inc. |
0.54%
9,127
|
$1,015,000 | 0.34% |
| Ishares Us Preferred Stock Etf |
6.27%
29,013
|
$1,005,000 | 0.34% |
| The Home Depot, Inc. |
14.97%
3,840
|
$962,000 | 0.32% |
| Union Pacific Corp. |
2.16%
5,445
|
$921,000 | 0.31% |
| Altria Group, Inc. |
0.21%
23,395
|
$918,000 | 0.31% |
| Duke Energy Corp New Com New |
1.66%
11,355
|
$907,000 | 0.30% |
| Alps Etf Tr Sectr Div Dogs |
0.36%
23,730
|
$862,000 | 0.29% |
| Ishares Russell 1000 Index Fund |
No change
5,000
|
$858,000 | 0.29% |
| Bristol Myers Squibb Co. |
16.75%
14,415
|
$848,000 | 0.28% |
| The Boeing Co. |
14.35%
3,985
|
$731,000 | 0.25% |
| Mc Donalds |
5.97%
3,935
|
$726,000 | 0.24% |
| Gilead Sciences, Inc. |
51.76%
9,133
|
$703,000 | 0.24% |
| Philip Morris Intl |
No change
9,938
|
$696,000 | 0.23% |
| Spdr Gold Trust |
1.78%
4,130
|
$691,000 | 0.23% |
| Ishares Trust 0-5yr High Yldcorp Bd Etf |
80.30%
16,100
|
$690,000 | 0.23% |
| Ishares Barclays 1-3 Yr Treas Bond Fund |
18.34%
7,861
|
$681,000 | 0.23% |
| Pepsico Inc |
11.12%
5,115
|
$677,000 | 0.23% |
| Eaton Corp Plc Shs |
1.39%
7,425
|
$649,000 | 0.22% |
| Archer-Daniels-Midland Co. |
0.95%
16,210
|
$647,000 | 0.22% |
| Mondelez International, Inc. |
No change
12,031
|
$615,000 | 0.21% |
| The Walt Disney Co. |
43.62%
5,245
|
$585,000 | 0.20% |
| Vanguard Reit Etf |
No change
7,445
|
$584,000 | 0.20% |
| 3M Co. |
No change
3,470
|
$541,000 | 0.18% |
| Oracle Corp. |
No change
9,713
|
$537,000 | 0.18% |
| Eastman Chemical Co. |
43.98%
7,710
|
$536,000 | 0.18% |
| Consumer Staples Spdr |
No change
9,000
|
$528,000 | 0.18% |
| Caterpillar Tractor |
No change
4,050
|
$512,000 | 0.17% |
| First Tr Dj Glbl Sel Div Idx Fnd Etf |
14.40%
28,315
|
$509,000 | 0.17% |
| Genuine Parts Co. |
Opened
5,710
|
$497,000 | 0.17% |
| Ishares Us Real Estate Etf |
12.52%
6,289
|
$496,000 | 0.17% |
| Ishares Inc Core Msci Emkt |
Opened
10,203
|
$486,000 | 0.16% |
| Invesco Exchange Traded Fd Ts&p500 Eql Wgt |
No change
4,775
|
$486,000 | 0.16% |
| Norfolk Southern Corp. |
No change
2,650
|
$465,000 | 0.16% |
| Ishares Intl Sel Fiv Etf |
31.15%
18,523
|
$465,000 | 0.16% |
| First Tr Morningstar Divid Lshs |
2.25%
18,050
|
$458,000 | 0.15% |
| The Kroger Co. |
No change
13,500
|
$457,000 | 0.15% |
| JPMorgan Chase & Co. |
No change
4,839
|
$455,000 | 0.15% |
| Northern Trust Corp. |
Opened
5,625
|
$446,000 | 0.15% |
| General Electric Co. |
3.08%
65,295
|
$446,000 | 0.15% |
| Ishares Tr Core S&p Mid Cap Etf |
10.91%
2,450
|
$436,000 | 0.15% |
| Ishares S&p 500 Value Index Fund |
No change
3,945
|
$427,000 | 0.14% |
| The Southern Co. |
Opened
8,222
|
$426,000 | 0.14% |
| Automatic Data Processing, Inc. |
No change
2,850
|
$425,000 | 0.14% |
| Kimberly-Clark Corp. |
32.95%
2,950
|
$417,000 | 0.14% |
| Ameren Corp. |
3.59%
5,916
|
$416,000 | 0.14% |
| Ishares S&p 500 Growth Index Fund |
No change
1,995
|
$414,000 | 0.14% |
| Ishares Tips Bond Etf |
No change
3,360
|
$413,000 | 0.14% |
| PPL Corp. |
Opened
15,419
|
$398,000 | 0.13% |
| S&P Global, Inc. |
No change
1,200
|
$395,000 | 0.13% |
| Consolidated Edison, Inc. |
0.28%
5,395
|
$388,000 | 0.13% |
| Ishares Russell 2000 Growth |
No change
1,875
|
$388,000 | 0.13% |
| Ft Technology Div Index Fnd Etf |
Opened
9,276
|
$387,000 | 0.13% |
| Weyerhaeuser Co. |
Closed
21,802
|
$370,000 | |
| Sysco Corp. |
Opened
6,606
|
$361,000 | 0.12% |
| American Electric Power Co., Inc. |
0.99%
4,480
|
$357,000 | 0.12% |
| Baxter Intl |
No change
4,142
|
$356,000 | 0.12% |
| Lilly (eli) & Co |
6.47%
2,170
|
$356,000 | 0.12% |
| The Clorox Co. |
No change
1,600
|
$351,000 | 0.12% |
| Invesco Exch Traded Fd Tr Iis&p500 Hdl Vol |
No change
10,320
|
$340,000 | 0.11% |
| Spdr Dow Jones Indl Average Etf Trust |
No change
1,310
|
$338,000 | 0.11% |
| Raytheon Technologies Corp Com |
Opened
5,405
|
$333,000 | 0.11% |
| Heartland Express, Inc. |
No change
15,550
|
$324,000 | 0.11% |
| General Motors Co. |
Closed
15,555
|
$323,000 | |
| Principal Financial Group Inc |
Closed
10,196
|
$320,000 | |
| Raytheon Co |
Closed
2,295
|
$301,000 | |
| Microchip Technology, Inc. |
Opened
2,776
|
$293,000 | 0.10% |
| Invesco Exchange-traded Fd Tvar Rate Pfd |
42.71%
12,160
|
$285,000 | 0.10% |
| Ishares Gold Trust |
51.53%
16,615
|
$282,000 | 0.09% |
| NetApp, Inc. |
Opened
6,367
|
$282,000 | 0.09% |
| Honeywell International, Inc. |
3.80%
1,900
|
$274,000 | 0.09% |
| Western Digital Corp. |
No change
6,000
|
$265,000 | 0.09% |
| Netflix, Inc. |
Closed
700
|
$263,000 | |
| Ishares Barclays 3-7 Year Treasury Bond Fd |
12.72%
1,955
|
$261,000 | 0.09% |
| American Express Co. |
6.91%
2,694
|
$257,000 | 0.09% |
| Us Bancorp |
No change
6,750
|
$248,000 | 0.08% |
| CenterPoint Energy, Inc. |
Closed
15,628
|
$242,000 | |
| Berkshire Hathaway Inc. |
Closed
1,326
|
$242,000 | |
| Spdr Dow Jones Intl Real Estate Etf |
Closed
9,020
|
$241,000 | |
| Danaher Corp. |
Opened
1,350
|
$239,000 | 0.08% |
| Alps Etf Tr Alerian Mlp |
Opened
9,131
|
$225,000 | 0.08% |
| Invesco Exchange-traded Fd Tsr Ln Etf |
Closed
11,024
|
$225,000 | |
| Intl Paper |
Closed
7,204
|
$224,000 | |
| Lowes Cos Inc |
Opened
1,650
|
$223,000 | 0.07% |
| Tesla, Inc. |
Opened
200
|
$216,000 | 0.07% |
| Public Service Enterprise Group, Inc. |
Opened
4,155
|
$204,000 | 0.07% |
| Alps Etf Tr Alerian Mlp |
Closed
52,495
|
$181,000 | |
| Unity Biotechnology, Inc. |
No change
20,000
|
$174,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 131 holdings | |||
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