Phraction Management 13F annual report
Phraction Management is an investment fund managing more than $265 billion ran by Thomas Gagnier. There are currently 60 companies in Mr. Gagnier’s portfolio. The largest investments include Microsoft and Amazon.com, together worth $44.8 billion.
$265 billion Assets Under Management (AUM)
As of 25th July 2024, Phraction Management’s top holding is 50,376 shares of Microsoft currently worth over $22.5 billion and making up 8.5% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Phraction Management owns more than approximately 0.1% of the company.
In addition, the fund holds 115,248 shares of Amazon.com worth $22.3 billion, whose value grew 17.4% in the past six months.
The third-largest holding is Analog Devices worth $15.3 billion and the next is Thermo Fisher Scientific worth $15 billion, with 27,205 shares owned.
Currently, Phraction Management's portfolio is worth at least $265 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 Phraction Management
The Phraction Management office and employees reside in Stamford, Connecticut. According to the last 13-F report filed with the SEC, Thomas Gagnier serves as the CCO at Phraction Management.
Recent trades
In the most recent 13F filing, Phraction Management revealed that it had opened a new position in
Unilever plc and bought 12,280 shares worth $675 million.
This means they effectively own approximately 0.1% of the company.
Unilever plc makes up
6.1%
of the fund's Consumer Staples sector allocation and has grown its share price by 14.7% in the past year.
The investment fund also strengthened its position in Thermo Fisher Scientific by buying
172 additional shares.
This makes their stake in Thermo Fisher Scientific total 27,205 shares worth $15 billion.
Thermo Fisher Scientific soared 12.4% in the past year.
On the other hand, there are companies that Phraction Management is getting rid of from its portfolio.
Phraction Management closed its position in Avantor on 1st August 2024.
It sold the previously owned 27,661 shares for $707 million.
Thomas Gagnier also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $22.5 billion and 50,376 shares.
One of the smaller hedge funds
The two most similar investment funds to Phraction Management are Drake & Associates and Gemsstock. They manage $265 billion and $265 billion respectively.
Thomas Gagnier investment strategy
Phraction Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 25.8% of
the total portfolio value.
The fund focuses on investments in the United States as
48.3% 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
55% of the total holdings value.
On the other hand, small-cap stocks make up only 5.0% of the portfolio.
The average market cap of the portfolio companies is close to $291 billion.
The complete list of Phraction Management trades based on 13F SEC filings
These positions were updated on August 1st 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 |
|---|---|---|---|
| Microsoft Corporation |
0.12%
50,376
|
$22,515,553,000 | 8.49% |
| Amazon.com Inc. |
0.05%
115,248
|
$22,271,676,000 | 8.40% |
| Analog Devices Inc. |
0.07%
67,080
|
$15,311,553,000 | 5.77% |
| Thermo Fisher Scientific Inc. |
0.64%
27,205
|
$15,044,365,000 | 5.67% |
| Honeywell International Inc |
3.30%
66,269
|
$14,151,082,000 | 5.33% |
| Bank America Corp |
0.20%
213,824
|
$21,505,022,000 | 8.11% |
| Berkshire Hathaway Inc. |
No change
31,121
|
$12,660,023,000 | 4.77% |
| Alphabet Inc |
0.16%
121,693
|
$22,233,700,000 | 8.38% |
| RTX Corp |
0.15%
101,145
|
$10,153,947,000 | 3.83% |
| Becton Dickinson & Co |
14.59%
42,607
|
$9,957,682,000 | 3.75% |
| S&P Global Inc |
0.04%
21,912
|
$9,772,752,000 | 3.68% |
| Danaher Corp. |
0.13%
36,455
|
$9,108,282,000 | 3.43% |
| Philip Morris International Inc |
1.25%
80,858
|
$8,193,341,000 | 3.09% |
| Texas Instrs Inc |
0.44%
35,026
|
$6,813,608,000 | 2.57% |
| Intercontinental Exchange In |
0.23%
43,573
|
$5,964,708,000 | 2.25% |
| Visa Inc |
0.40%
22,289
|
$5,850,194,000 | 2.21% |
| Wells Fargo Co New |
No change
4,638
|
$5,514,443,000 | 2.08% |
| Applied Matls Inc |
No change
22,328
|
$5,269,185,000 | 1.99% |
| Williams Cos Inc |
24.44%
118,268
|
$5,026,390,000 | 1.89% |
| Teledyne Technologies Inc |
79.99%
11,206
|
$4,347,687,000 | 1.64% |
| Autodesk Inc. |
8.13%
17,076
|
$4,225,456,000 | 1.59% |
| Linde Plc. |
0.69%
6,503
|
$2,853,581,000 | 1.08% |
| Diageo plc |
11.30%
17,427
|
$2,197,196,000 | 0.83% |
| DuPont de Nemours Inc |
5.81%
24,316
|
$1,957,195,000 | 0.74% |
| Union Pac Corp |
No change
7,347
|
$1,662,332,000 | 0.63% |
| Lam Research Corp. |
No change
1,288
|
$1,371,527,000 | 0.52% |
| Meta Platforms Inc |
0.04%
2,606
|
$1,313,997,000 | 0.50% |
| Vanguard Intl Equity Index F |
No change
21,155
|
$1,240,529,000 | 0.47% |
| Northrop Grumman Corp. |
0.04%
2,753
|
$1,200,170,000 | 0.45% |
| GFL Environmental Inc. |
47.36%
29,280
|
$1,139,870,000 | 0.43% |
| VanEck ETF Trust |
No change
21,200
|
$1,264,290,000 | 0.48% |
| Adobe Inc |
4.33%
1,546
|
$858,865,000 | 0.32% |
| Invesco Exchange Traded Fd T |
No change
11,753
|
$1,450,468,000 | 0.55% |
| Apple Inc |
0.03%
3,600
|
$758,232,000 | 0.29% |
| Stryker Corp. |
No change
2,113
|
$718,948,000 | 0.27% |
| Avantor, Inc. |
Closed
27,661
|
$707,292,000 | |
| Canadian Pacific Kansas City |
1.42%
8,665
|
$682,195,000 | 0.26% |
| Unilever plc |
Opened
12,280
|
$675,277,000 | 0.25% |
| Ishares Tr |
No change
10,016
|
$561,297,000 | 0.21% |
| Home Depot, Inc. |
No change
1,619
|
$557,325,000 | 0.21% |
| Super Group Sghc Limited |
23.40%
158,386
|
$511,587,000 | 0.19% |
| Teck Resources Ltd |
No change
9,700
|
$464,630,000 | 0.18% |
| Vanguard Whitehall Fds |
No change
12,320
|
$915,881,000 | 0.35% |
| Fomento Economico Mexicano S |
No change
3,934
|
$423,495,000 | 0.16% |
| Chevron Corp. |
No change
2,650
|
$414,513,000 | 0.16% |
| NVIDIA Corp |
900.00%
3,130
|
$386,680,000 | 0.15% |
| Regeneron Pharmaceuticals, Inc. |
No change
367
|
$385,728,000 | 0.15% |
| Pimco Dynamic Income Strateg |
No change
14,971
|
$333,554,000 | 0.13% |
| Cheniere Energy Inc. |
No change
1,800
|
$314,694,000 | 0.12% |
| Marketwise Inc |
No change
250,000
|
$290,000,000 | 0.11% |
| Texas Pacific Land Corporati |
No change
390
|
$286,365,000 | 0.11% |
| Dbx Etf Tr |
No change
12,110
|
$285,433,000 | 0.11% |
| Spdr S&p 500 Etf Tr |
Opened
499
|
$271,566,000 | 0.10% |
| Conocophillips |
No change
2,200
|
$251,636,000 | 0.09% |
| Disney Walt Co |
No change
2,447
|
$242,963,000 | 0.09% |
| Fidelity Covington Trust |
No change
9,900
|
$239,283,000 | 0.09% |
| Ishares Inc |
No change
3,960
|
$234,432,000 | 0.09% |
| Verisign Inc. |
Opened
1,189
|
$211,404,000 | 0.08% |
| Unitedhealth Group Inc |
Opened
414
|
$210,834,000 | 0.08% |
| Ishares Tr |
Opened
3,606
|
$201,143,000 | 0.08% |
| Camber Energy Inc |
No change
356,299
|
$41,865,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 61 holdings | |||
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