Jpl Wealth Management 13F annual report
Jpl Wealth Management is an investment fund managing more than $178 billion ran by Joel Johnson. There are currently 82 companies in Mr. Johnson’s portfolio. The largest investments include Apple Inc and Broadcom Inc, together worth $11.2 billion.
$178 billion Assets Under Management (AUM)
As of 3rd May 2024, Jpl Wealth Management’s top holding is 33,741 shares of Apple Inc currently worth over $5.79 billion and making up 3.3% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Jpl Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 4,052 shares of Broadcom Inc worth $5.37 billion, whose value grew 36.4% in the past six months.
The third-largest holding is Microsoft worth $5.11 billion and the next is Chevron worth $4.18 billion, with 26,500 shares owned.
Currently, Jpl Wealth Management's portfolio is worth at least $178 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 Jpl Wealth Management
The Jpl Wealth Management office and employees reside in Highlands Ranch, Colorado. According to the last 13-F report filed with the SEC, Joel Johnson serves as the Chief Compliance Officer and Partner at Jpl Wealth Management.
Recent trades
In the most recent 13F filing, Jpl Wealth Management revealed that it had opened a new position in
Schwab Strategic Tr and bought 43,610 shares worth $2.1 billion.
The investment fund also strengthened its position in Apple Inc by buying
9,021 additional shares.
This makes their stake in Apple Inc total 33,741 shares worth $5.79 billion.
Apple Inc soared 6.3% in the past year.
On the other hand, there are companies that Jpl Wealth Management is getting rid of from its portfolio.
Jpl Wealth Management closed its position in Schwab Strategic Tr on 10th May 2024.
It sold the previously owned 49,670 shares for $1.73 billion.
Joel Johnson also disclosed a decreased stake in Spdr Ser Tr by 0.1%.
This leaves the value of the investment at $990 million and 45,584 shares.
One of the smallest hedge funds
The two most similar investment funds to Jpl Wealth Management are Ironbridge Private Wealth and Hwg L.P.. They manage $178 billion and $178 billion respectively.
Joel Johnson investment strategy
Jpl Wealth Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 10.1% of
the total portfolio value.
The fund focuses on investments in the United States as
47.6% 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
49% 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 $302 billion.
The complete list of Jpl Wealth Management trades based on 13F SEC filings
These positions were updated on May 10th 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 |
|---|---|---|---|
| Apple Inc |
36.49%
33,741
|
$5,785,946,000 | 3.25% |
| Broadcom Inc |
14.79%
4,052
|
$5,370,803,000 | 3.02% |
| Microsoft Corporation |
20.98%
12,136
|
$5,106,027,000 | 2.87% |
| Chevron Corp. |
35.89%
26,500
|
$4,180,127,000 | 2.35% |
| Alphabet Inc |
27.04%
28,083
|
$4,241,549,000 | 2.38% |
| Ishares Tr |
42.38%
292,341
|
$19,007,710,000 | 10.68% |
| Costco Whsl Corp New |
20.66%
4,807
|
$3,522,105,000 | 1.98% |
| Caterpillar Inc. |
13.69%
9,201
|
$3,371,364,000 | 1.89% |
| Wisdomtree Tr |
19.55%
159,341
|
$6,127,275,000 | 3.44% |
| Abbvie Inc |
13.70%
17,866
|
$3,253,414,000 | 1.83% |
| Ares Management Corp |
15.63%
23,975
|
$3,188,198,000 | 1.79% |
| Amazon.com Inc. |
119.66%
17,619
|
$3,178,073,000 | 1.79% |
| Schwab Strategic Tr |
18.66%
162,234
|
$7,674,501,000 | 4.31% |
| Thomson-Reuters Corp |
12.71%
20,071
|
$3,127,606,000 | 1.76% |
| Cisco Sys Inc |
14.09%
59,761
|
$2,982,676,000 | 1.68% |
| Mastercard Incorporated |
13.27%
6,051
|
$2,913,864,000 | 1.64% |
| Invesco Exchange Traded Fd T |
15.71%
154,061
|
$5,046,480,000 | 2.84% |
| Walmart Inc |
293.52%
42,972
|
$2,585,640,000 | 1.45% |
| Lamar Advertising Co |
14.51%
21,303
|
$2,543,819,000 | 1.43% |
| General Mls Inc |
46.40%
35,908
|
$2,512,506,000 | 1.41% |
| Pioneer Nat Res Co |
12.93%
9,182
|
$2,410,172,000 | 1.35% |
| Pepsico Inc |
59.19%
13,754
|
$2,407,148,000 | 1.35% |
| Unitedhealth Group Inc |
63.48%
4,839
|
$2,393,901,000 | 1.35% |
| D.R. Horton Inc. |
32.70%
14,145
|
$2,327,568,000 | 1.31% |
| Home Depot, Inc. |
12.17%
6,030
|
$2,313,270,000 | 1.30% |
| Merck & Co Inc |
19.58%
16,820
|
$2,219,384,000 | 1.25% |
| Texas Instrs Inc |
17.40%
12,510
|
$2,179,453,000 | 1.22% |
| Accenture Plc Ireland |
34.56%
6,284
|
$2,178,237,000 | 1.22% |
| JPMorgan Chase & Co. |
23.15%
10,805
|
$2,164,198,000 | 1.22% |
| Roper Technologies Inc |
36.12%
3,814
|
$2,139,080,000 | 1.20% |
| Deere & Co. |
28.70%
5,202
|
$2,136,610,000 | 1.20% |
| Schwab Strategic Tr |
Opened
43,610
|
$2,102,425,000 | 1.18% |
| Digital Rlty Tr Inc |
15.06%
14,318
|
$2,062,350,000 | 1.16% |
| Vanguard Index Fds |
Opened
11,799
|
$2,591,878,000 | 1.46% |
| Unilever plc |
36.06%
40,154
|
$2,015,351,000 | 1.13% |
| Vanguard Intl Equity Index F |
26.11%
26,358
|
$2,004,037,000 | 1.13% |
| The Southern Co. |
18.42%
27,562
|
$1,977,271,000 | 1.11% |
| Paychex Inc. |
40.87%
15,639
|
$1,920,426,000 | 1.08% |
| Eog Res Inc |
78.96%
14,739
|
$1,884,248,000 | 1.06% |
| Vanguard Index Fds |
27.04%
12,219
|
$3,668,811,000 | 2.06% |
| Emerson Elec Co |
22.34%
15,953
|
$1,809,379,000 | 1.02% |
| Northrop Grumman Corp. |
29.30%
3,738
|
$1,789,217,000 | 1.01% |
| Fidelity National Financial Inc |
14.81%
33,504
|
$1,779,076,000 | 1.00% |
| AMGEN Inc. |
24.13%
6,220
|
$1,768,507,000 | 0.99% |
| Schwab Strategic Tr |
Closed
49,670
|
$1,731,498,000 | |
| Gilead Sciences, Inc. |
22.38%
23,526
|
$1,723,308,000 | 0.97% |
| Alps Etf Tr |
12.20%
31,835
|
$1,717,483,000 | 0.97% |
| Union Pac Corp |
16.69%
6,823
|
$1,677,951,000 | 0.94% |
| NVIDIA Corp |
4.20%
1,838
|
$1,660,580,000 | 0.93% |
| Oreilly Automotive Inc |
43.32%
1,469
|
$1,658,656,000 | 0.93% |
| Dimensional Etf Trust |
Opened
54,810
|
$1,656,350,000 | 0.93% |
| Waters Corp. |
26.15%
4,785
|
$1,647,141,000 | 0.93% |
| Sanofi |
59.90%
30,715
|
$1,492,749,000 | 0.84% |
| S&P Global Inc |
22.64%
3,169
|
$1,348,320,000 | 0.76% |
| Crown Castle Inc |
Closed
11,358
|
$1,308,315,000 | |
| Spdr Index Shs Fds |
Closed
36,645
|
$1,297,599,000 | |
| Abbott Labs |
Closed
11,143
|
$1,226,464,000 | |
| Pfizer Inc. |
Closed
39,493
|
$1,137,004,000 | |
| GSK Plc |
Closed
30,461
|
$1,128,891,000 | |
| Spdr S&p 500 Etf Tr |
2.69%
2,101
|
$1,099,064,000 | 0.62% |
| Vanguard Scottsdale Fds |
4.16%
18,797
|
$1,091,535,000 | 0.61% |
| Ishares Inc |
Closed
38,927
|
$1,031,167,000 | |
| Spdr Ser Tr |
10.72%
45,584
|
$990,091,000 | 0.56% |
| First Tr Exchange-traded Fd |
0.55%
29,968
|
$1,574,041,000 | 0.88% |
| Netflix Inc. |
4.63%
1,425
|
$865,464,000 | 0.49% |
| Berkshire Hathaway Inc. |
12.06%
2,042
|
$858,809,000 | 0.48% |
| Novo-nordisk A S |
39.08%
5,000
|
$642,000,000 | 0.36% |
| Oracle Corp. |
4.95%
4,455
|
$559,583,000 | 0.31% |
| Broadstone Net Lease, Inc. |
0.03%
32,373
|
$507,285,000 | 0.29% |
| Fortinet Inc |
No change
6,460
|
$441,283,000 | 0.25% |
| Eli Lilly & Co |
2.16%
567
|
$441,280,000 | 0.25% |
| Visa Inc |
17.61%
1,503
|
$419,444,000 | 0.24% |
| Select Sector Spdr Tr |
30.92%
4,636
|
$806,623,000 | 0.45% |
| Spdr Ser Tr |
Opened
12,797
|
$418,341,000 | 0.24% |
| Nike, Inc. |
4.26%
4,362
|
$409,921,000 | 0.23% |
| Eaton Corp Plc |
7.96%
1,261
|
$394,290,000 | 0.22% |
| Vanguard Tax-managed Fds |
Opened
7,574
|
$380,006,000 | 0.21% |
| Select Sector Spdr Tr |
Opened
13,367
|
$1,042,889,000 | 0.59% |
| Meta Platforms Inc |
Opened
596
|
$289,505,000 | 0.16% |
| Vanguard Bd Index Fds |
Opened
3,337
|
$255,848,000 | 0.14% |
| Invesco Exchange Traded Fd T |
Opened
1,482
|
$250,988,000 | 0.14% |
| Ishares Tr |
Opened
2,961
|
$467,519,000 | 0.26% |
| Exxon Mobil Corp. |
6.00%
2,085
|
$242,376,000 | 0.14% |
| First Tr Exchange-traded Fd |
Opened
4,199
|
$240,309,000 | 0.14% |
| Adobe Inc |
Opened
433
|
$218,434,000 | 0.12% |
| Disney Walt Co |
85.77%
1,777
|
$217,479,000 | 0.12% |
| Procter And Gamble Co |
Opened
1,324
|
$214,836,000 | 0.12% |
| Ishares Tr |
Closed
2,263
|
$212,904,000 | |
| Xcel Energy Inc. |
Closed
3,309
|
$204,884,000 | |
| Blend Labs, Inc. |
No change
10,000
|
$32,500,000 | 0.02% |
| Ginkgo Bioworks Holdings Inc |
Opened
10,000
|
$11,600,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 91 holdings | |||
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