Koa Wealth Management 13F annual report

Koa Wealth Management is an investment fund managing more than $118 billion ran by Michael Souza. There are currently 43 companies in Mr. Souza’s portfolio. The largest investments include Berkshire Hathaway and Apple Inc, together worth $32.1 billion.

Limited to 30 biggest holdings

$118 billion Assets Under Management (AUM)

As of 16th July 2024, Koa Wealth Management’s top holding is 40,318 shares of Berkshire Hathaway currently worth over $16.4 billion and making up 13.9% of the portfolio value. Relative to the number of outstanding shares of Berkshire Hathaway, Koa Wealth Management owns more than approximately 0.1% of the company. In addition, the fund holds 74,343 shares of Apple Inc worth $15.7 billion, whose value grew 14.9% in the past six months. The third-largest holding is Alphabet Inc worth $6.99 billion and the next is Ishares Tr worth $15.9 billion, with 200,803 shares owned.

Currently, Koa Wealth Management's portfolio is worth at least $118 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 Koa Wealth Management

The Koa Wealth Management office and employees reside in Encinitas, California. According to the last 13-F report filed with the SEC, Michael Souza serves as the Chief Executive Officer at Koa Wealth Management.

Recent trades

In the most recent 13F filing, Koa Wealth Management revealed that it had opened a new position in Rexford Indl Rlty Inc and bought 7,131 shares worth $318 million.

The investment fund also strengthened its position in Ishares Tr by buying 26,744 additional shares. This makes their stake in Ishares Tr total 200,803 shares worth $15.9 billion.

On the other hand, there are companies that Koa Wealth Management is getting rid of from its portfolio. Koa Wealth Management closed its position in Ishares Tr on 23rd July 2024. It sold the previously owned 9,652 shares for $1.17 billion. Michael Souza also disclosed a decreased stake in Berkshire Hathaway by approximately 0.1%. This leaves the value of the investment at $16.4 billion and 40,318 shares.

One of the smallest hedge funds

The two most similar investment funds to Koa Wealth Management are Clearfield Capital Management L.P. and Aegis Financial Corp. They manage $118 billion and $118 billion respectively.

Michael Souza investment strategy

Koa Wealth Management’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Finance — making up 20.8% of the total portfolio value. The fund focuses on investments in the United States as 51.2% 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 47% of the total holdings value. On the other hand, small-cap stocks make up only 2.3% of the portfolio. The average market cap of the portfolio companies is close to $354 billion.

The complete list of Koa Wealth Management trades based on 13F SEC filings

These positions were updated on July 23rd 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.	0.40% 40,318	$16,401,362,000	13.92%
Apple Inc	5.73% 74,343	$15,658,113,000	13.29%
Alphabet Inc	1.78% 38,394	$6,993,467,000	5.93%
Ishares Tr	15.36% 200,803	$15,922,047,000	13.51%
Innovative Indl Pptys Inc	5.06% 43,132	$4,710,867,000	4.00%
Danaher Corp.	1.32% 16,665	$4,163,727,000	3.53%
Halozyme Therapeutics Inc.	1.14% 73,568	$3,852,020,000	3.27%
Amazon.com Inc.	1.16% 17,052	$3,295,299,000	2.80%
American Tower Corp.	24.69% 16,801	$3,265,687,000	2.77%
Visa Inc	1.39% 11,390	$2,989,533,000	2.54%
Select Sector Spdr Tr	2.84% 39,101	$2,664,364,000	2.26%
Constellation Brands, Inc.	0.84% 10,261	$2,639,943,000	2.24%
Philip Morris International Inc	0.44% 24,986	$2,531,864,000	2.15%
Thermo Fisher Scientific Inc.	1.08% 4,386	$2,425,600,000	2.06%
RH	5.95% 9,512	$2,325,113,000	1.97%
Blackstone Inc	0.82% 18,219	$2,255,538,000	1.91%
Lowes Cos Inc	3.70% 10,043	$2,214,068,000	1.88%
StoneCo Ltd	205.81% 157,420	$1,887,466,000	1.60%
NVIDIA Corp	916.79% 14,713	$1,817,612,000	1.54%
Global Pmts Inc	165.51% 18,185	$1,758,495,000	1.49%
Home Depot, Inc.	1.06% 4,926	$1,695,603,000	1.44%
Brookfield Corp	1.10% 36,386	$1,511,474,000	1.28%
Astrazeneca plc	1.38% 18,980	$1,480,269,000	1.26%
Mastercard Incorporated	1.27% 3,273	$1,443,917,000	1.23%
Microsoft Corporation	2.86% 3,154	$1,409,873,000	1.20%
CME Group Inc	75.11% 7,043	$1,384,654,000	1.17%
Global X Fds	2.14% 48,425	$1,700,655,000	1.44%
VanEck ETF Trust	21.91% 37,186	$1,261,721,000	1.07%
Ishares Tr	Closed 9,652	$1,169,726,000
Spdr Ser Tr	2.35% 10,084	$934,888,000	0.79%
Walmart Inc	40.40% 13,268	$898,376,000	0.76%
Vanguard Specialized Funds	5.10% 4,015	$732,983,000	0.62%
J P Morgan Exchange Traded F	4.45% 9,342	$529,509,000	0.45%
Consolidated Edison, Inc.	No change 5,400	$482,868,000	0.41%
Dexcom Inc	No change 3,500	$396,830,000	0.34%
Avidity Biosciences, Inc.	No change 8,000	$326,800,000	0.28%
Rexford Indl Rlty Inc	Opened 7,131	$317,975,000	0.27%
Costco Whsl Corp New	No change 361	$306,601,000	0.26%
Ishares Gold Tr	3.51% 6,863	$301,492,000	0.26%
Spdr S&p 500 Etf Tr	10.80% 513	$279,185,000	0.24%
Eli Lilly & Co	Opened 239	$216,386,000	0.18%
Waste Mgmt Inc Del	No change 975	$208,007,000	0.18%
Pacific Biosciences Calif In	No change 120,000	$164,400,000	0.14%
Purecycle Technologies Inc	3.87% 16,100	$95,312,000	0.08%
No transactions found
Showing first 500 out of 44 holdings