Flagstone Management 13F annual report
Flagstone Management is an investment fund managing more than $269 billion ran by Michael Johnson. There are currently 24 companies in Mr. Johnson’s portfolio. The largest investments include Dimensional Etf Trust and Ishares Tr, together worth $122 billion.
$269 billion Assets Under Management (AUM)
As of 17th July 2024, Flagstone Management’s top holding is 1,816,426 shares of Dimensional Etf Trust currently worth over $90.2 billion and making up 33.6% of the portfolio value.
In addition, the fund holds 635,938 shares of Ishares Tr worth $31.3 billion.
The third-largest holding is Spdr Index Shs Fds worth $21.9 billion and the next is Spdr Ser Tr worth $37.7 billion, with 1,294,878 shares owned.
Currently, Flagstone Management's portfolio is worth at least $269 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 Flagstone Management
The Flagstone Management office and employees reside in Lincoln, Nebraska. According to the last 13-F report filed with the SEC, Michael Johnson serves as the Chief Compliance Officer at Flagstone Management.
Recent trades
In the most recent 13F filing, Flagstone Management revealed that it had opened a new position in
NVIDIA Corp and bought 2,449 shares worth $303 million.
This means they effectively own approximately 0.1% of the company.
NVIDIA Corp makes up
10.4%
of the fund's Technology sector allocation and has decreased its share price by 72.3% in the past year.
The investment fund also strengthened its position in Dimensional Etf Trust by buying
84,912 additional shares.
This makes their stake in Dimensional Etf Trust total 1,816,426 shares worth $90.2 billion.
On the other hand, Michael Johnson disclosed a decreased stake in Spdr Ser Tr by 0.1%.
This leaves the value of the investment at $37.7 billion and 1,294,878 shares.
One of the smaller hedge funds
The two most similar investment funds to Flagstone Management are Drive Wealth Management and Pya Waltman Capital. They manage $269 billion and $269 billion respectively.
Michael Johnson investment strategy
Flagstone Management’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Finance — making up 2.4% of
the total portfolio value.
The fund focuses on investments in the United States as
37.5% 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
38% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $787 billion.
The complete list of Flagstone Management trades based on 13F SEC filings
These positions were updated on July 24th 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 |
|---|---|---|---|
| Dimensional Etf Trust |
4.90%
1,816,426
|
$90,249,862,000 | 33.57% |
| Ishares Tr |
40.43%
635,938
|
$31,334,805,000 | 11.66% |
| Spdr Index Shs Fds |
1.62%
624,457
|
$21,905,937,000 | 8.15% |
| Spdr Ser Tr |
13.03%
1,294,878
|
$37,667,608,000 | 14.01% |
| Vanguard Charlotte Fds |
4.69%
312,537
|
$15,211,201,000 | 5.66% |
| American Centy Etf Tr |
1.52%
621,058
|
$46,133,087,000 | 17.16% |
| Vanguard Index Fds |
4.46%
85,605
|
$7,442,368,000 | 2.77% |
| Berkshire Hathaway Inc. |
0.77%
10,372
|
$5,442,997,000 | 2.02% |
| Pimco Etf Tr |
27.86%
65,742
|
$3,422,536,000 | 1.27% |
| Microsoft Corporation |
0.51%
4,702
|
$2,101,605,000 | 0.78% |
| Apple Inc |
0.56%
6,170
|
$1,299,541,000 | 0.48% |
| Vanguard Specialized Funds |
2.74%
5,034
|
$918,913,000 | 0.34% |
| Us Bancorp Del |
0.01%
21,618
|
$858,253,000 | 0.32% |
| Exxon Mobil Corp. |
No change
5,967
|
$686,949,000 | 0.26% |
| Wells Fargo Co New |
2.08%
11,409
|
$677,596,000 | 0.25% |
| JPMorgan Chase & Co. |
No change
3,105
|
$628,086,000 | 0.23% |
| Vanguard Scottsdale Fds |
7.77%
9,030
|
$525,817,000 | 0.20% |
| Alphabet Inc |
0.18%
2,776
|
$509,194,000 | 0.19% |
| Central Plains Bancshares In |
No change
41,462
|
$419,181,000 | 0.16% |
| Markel Group Inc |
No change
254
|
$400,218,000 | 0.15% |
| NVIDIA Corp |
Opened
2,449
|
$302,549,000 | 0.11% |
| Union Pac Corp |
No change
1,334
|
$301,838,000 | 0.11% |
| Pepsico Inc |
5.70%
1,224
|
$201,895,000 | 0.08% |
| Amazon.com Inc. |
Opened
1,036
|
$200,207,000 | 0.07% |
| No transactions found | |||
| Showing first 500 out of 24 holdings | |||
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