Northeast 13F annual report
Northeast is an investment fund managing more than $233 billion ran by Robert Hackenberg. There are currently 54 companies in Mr. Hackenberg’s portfolio. The largest investments include Schwab Strategic Tr and Spdr Ser Tr, together worth $129 billion.
$233 billion Assets Under Management (AUM)
As of 8th July 2024, Northeast’s top holding is 1,966,815 shares of Schwab Strategic Tr currently worth over $117 billion and making up 50.2% of the portfolio value.
In addition, the fund holds 471,224 shares of Spdr Ser Tr worth $11.9 billion.
The third-largest holding is Ishares Tr worth $32.3 billion and the next is Vanguard Intl Equity Index F worth $7.21 billion, with 164,871 shares owned.
Currently, Northeast's portfolio is worth at least $233 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 Northeast
The Northeast office and employees reside in Tannersville, Pennsylvania. According to the last 13-F report filed with the SEC, Robert Hackenberg serves as the Chief Compliance Officer at Northeast.
Recent trades
In the most recent 13F filing, Northeast revealed that it had opened a new position in
Spdr Ser Tr and bought 471,224 shares worth $11.9 billion.
The investment fund also strengthened its position in Schwab Strategic Tr by buying
272,016 additional shares.
This makes their stake in Schwab Strategic Tr total 1,966,815 shares worth $117 billion.
On the other hand, there are companies that Northeast is getting rid of from its portfolio.
Northeast closed its position in Vanguard Scottsdale Fds on 15th July 2024.
It sold the previously owned 23,751 shares for $1.32 billion.
Robert Hackenberg also disclosed a decreased stake in Invesco Exchange Traded Fd T by 0.6%.
This leaves the value of the investment at $3.14 billion and 19,136 shares.
One of the smallest hedge funds
The two most similar investment funds to Northeast are Shankervalleau Wealth Advisors and Bell & Brown Wealth Advisors. They manage $234 billion and $234 billion respectively.
Robert Hackenberg investment strategy
Northeast’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 2.7% of
the total portfolio value.
The fund focuses on investments in the United States as
38.9% 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
37% 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 $471 billion.
The complete list of Northeast trades based on 13F SEC filings
These positions were updated on July 15th 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 |
|---|---|---|---|
| Schwab Strategic Tr |
16.05%
1,966,815
|
$117,162,134,000 | 50.19% |
| Spdr Ser Tr |
Opened
471,224
|
$11,929,139,000 | 5.11% |
| Ishares Tr |
31.37%
365,186
|
$32,315,600,000 | 13.84% |
| Vanguard Intl Equity Index F |
49.60%
164,871
|
$7,214,812,000 | 3.09% |
| Vanguard Scottsdale Fds |
139.71%
115,510
|
$8,793,785,000 | 3.77% |
| Ishares Tr |
Opened
193,144
|
$7,007,301,000 | 3.00% |
| J P Morgan Exchange Traded F |
Opened
107,592
|
$6,098,315,000 | 2.61% |
| Invesco Exchange Traded Fd T |
63.40%
19,136
|
$3,143,835,000 | 1.35% |
| Spdr Gold Tr |
22.93%
14,386
|
$3,093,134,000 | 1.33% |
| Alphabet Inc |
113.97%
15,190
|
$2,768,580,000 | 1.19% |
| Amazon.com Inc. |
99.98%
12,827
|
$2,478,818,000 | 1.06% |
| Unitedhealth Group Inc |
19.58%
4,446
|
$2,264,203,000 | 0.97% |
| Vanguard Index Fds |
19.23%
11,967
|
$4,052,259,000 | 1.74% |
| Microsoft Corporation |
6.81%
4,799
|
$2,145,504,000 | 0.92% |
| Visa Inc |
4.70%
7,466
|
$1,960,032,000 | 0.84% |
| Apple Inc |
62.40%
8,125
|
$1,711,458,000 | 0.73% |
| Spdr Ser Tr |
112.29%
35,142
|
$1,607,768,000 | 0.69% |
| Dimensional Etf Trust |
Opened
51,747
|
$1,600,396,000 | 0.69% |
| Vanguard Scottsdale Fds |
Closed
23,751
|
$1,318,414,000 | |
| Invesco Db Us Dlr Index Tr |
Closed
65,729
|
$1,207,442,000 | |
| Spdr S&p 500 Etf Tr |
8.31%
2,162
|
$1,176,632,000 | 0.50% |
| NVIDIA Corp |
Opened
9,299
|
$1,148,874,000 | 0.49% |
| Invesco Currencyshares Japan |
Closed
18,072
|
$1,123,898,000 | |
| Spdr Index Shs Fds |
Opened
26,154
|
$985,261,000 | 0.42% |
| Exxon Mobil Corp. |
25.67%
7,837
|
$902,241,000 | 0.39% |
| Vanguard Scottsdale Fds |
Opened
15,467
|
$896,989,000 | 0.38% |
| Invesco Exch Traded Fd Tr Ii |
79.29%
37,633
|
$891,171,000 | 0.38% |
| Vanguard Admiral Fds Inc |
58.07%
2,533
|
$844,782,000 | 0.36% |
| Waste Mgmt Inc Del |
62.58%
3,425
|
$731,038,000 | 0.31% |
| Vanguard Bd Index Fds |
58.49%
9,030
|
$650,674,000 | 0.28% |
| Target Corp |
Opened
4,146
|
$613,879,000 | 0.26% |
| Graniteshares Gold Tr |
Closed
32,129
|
$587,318,000 | |
| Eli Lilly & Co |
2.07%
614
|
$556,166,000 | 0.24% |
| Select Sector Spdr Tr |
25.64%
2,285
|
$516,936,000 | 0.22% |
| Vanguard Index Fds |
Opened
1,856
|
$449,559,000 | 0.19% |
| Johnson & Johnson |
77.26%
2,578
|
$377,028,000 | 0.16% |
| Hershey Company |
0.44%
2,043
|
$375,823,000 | 0.16% |
| Etfs Gold Tr |
36.33%
16,187
|
$359,675,000 | 0.15% |
| Advanced Micro Devices Inc. |
Closed
3,361
|
$345,578,000 | |
| Philip Morris International Inc |
8.89%
3,196
|
$323,873,000 | 0.14% |
| Mondelez International Inc. |
2.75%
4,753
|
$311,094,000 | 0.13% |
| Pnc Finl Svcs Group Inc |
34.34%
1,994
|
$310,163,000 | 0.13% |
| Costco Whsl Corp New |
83.25%
357
|
$303,797,000 | 0.13% |
| J P Morgan Exchange Traded F |
Closed
6,002
|
$301,180,000 | |
| Home Depot, Inc. |
10.44%
846
|
$291,393,000 | 0.12% |
| Berkshire Hathaway Inc. |
11.91%
714
|
$290,455,000 | 0.12% |
| Altria Group Inc. |
5.61%
6,133
|
$279,359,000 | 0.12% |
| ESSA Bancorp Inc |
32.40%
15,646
|
$275,213,000 | 0.12% |
| United Parcel Service, Inc. |
No change
1,929
|
$263,984,000 | 0.11% |
| Vanguard Mun Bd Fds |
Closed
4,986
|
$239,827,000 | |
| Procter And Gamble Co |
Opened
1,414
|
$233,267,000 | 0.10% |
| Digital Rlty Tr Inc |
Opened
1,500
|
$228,075,000 | 0.10% |
| Vanguard Star Fds |
Opened
3,537
|
$213,281,000 | 0.09% |
| Fidelity D & D Bancorp Inc |
No change
4,810
|
$210,678,000 | 0.09% |
| Coca-Cola Co |
Opened
3,289
|
$209,376,000 | 0.09% |
| Mcdonalds Corp |
6.00%
814
|
$207,440,000 | 0.09% |
| Oracle Corp. |
Opened
1,454
|
$205,324,000 | 0.09% |
| Pepsico Inc |
7.72%
1,243
|
$205,040,000 | 0.09% |
| Walmart Inc |
Opened
2,994
|
$202,724,000 | 0.09% |
| Nexgel Inc |
Opened
11,848
|
$25,592,000 | 0.01% |
| Graftech Intl Ltd |
Opened
10,000
|
$9,700,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 61 holdings | |||
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