Liberty Wealth Management 13F annual report
Liberty Wealth Management is an investment fund managing more than $404 billion ran by Tony Kai. There are currently 121 companies in Mr. Kai’s portfolio. The largest investments include Ishares Tr and Dimensional Etf Trust, together worth $269 billion.
$404 billion Assets Under Management (AUM)
As of 3rd August 2023, Liberty Wealth Management’s top holding is 1,721,933 shares of Ishares Tr currently worth over $153 billion and making up 37.9% of the portfolio value.
In addition, the fund holds 4,252,949 shares of Dimensional Etf Trust worth $115 billion.
The third-largest holding is Apple Inc worth $20 billion and the next is Vanguard Index Fds worth $22.4 billion, with 108,327 shares owned.
Currently, Liberty Wealth Management's portfolio is worth at least $404 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 Liberty Wealth Management
The Liberty Wealth Management office and employees reside in Oakland, California. According to the last 13-F report filed with the SEC, Tony Kai serves as the Operations Manager at Liberty Wealth Management.
Recent trades
In the most recent 13F filing, Liberty Wealth Management revealed that it had opened a new position in
Broadcom and bought 1,587 shares worth $1.38 billion.
This means they effectively own approximately 0.1% of the company.
Broadcom makes up
8.0%
of the fund's Technology sector allocation and has decreased its share price by 16.9% in the past year.
The investment fund also strengthened its position in Ishares Tr by buying
46,528 additional shares.
This makes their stake in Ishares Tr total 1,721,933 shares worth $153 billion.
On the other hand, there are companies that Liberty Wealth Management is getting rid of from its portfolio.
Liberty Wealth Management closed its position in Vanguard Scottsdale Fds on 10th August 2023.
It sold the previously owned 208,974 shares for $10.6 billion.
Tony Kai also disclosed a decreased stake in Dimensional Etf Trust by 0.1%.
This leaves the value of the investment at $115 billion and 4,252,949 shares.
One of the average hedge funds
The two most similar investment funds to Liberty Wealth Management are Bellecapital International and Ninety One S.A. (PTY) Ltd. They manage $404 billion and $404 billion respectively.
Tony Kai investment strategy
Liberty Wealth Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 7.2% of
the total portfolio value.
The fund focuses on investments in the United States as
45.5% 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
44% 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 $253 billion.
The complete list of Liberty Wealth Management trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| Ishares Tr |
2.78%
1,721,933
|
$153,262,950,000 | 37.92% |
| Dimensional Etf Trust |
11.04%
4,252,949
|
$115,481,221,000 | 28.57% |
| Apple Inc |
44.99%
103,002
|
$19,979,396,000 | 4.94% |
| Vanguard Index Fds |
0.74%
108,327
|
$22,381,941,000 | 5.54% |
| Vanguard Scottsdale Fds |
Closed
208,974
|
$10,575,746,000 | |
| Schwab Strategic Tr |
Closed
1,108,458
|
$44,717,932,000 | |
| Microsoft Corporation |
12.76%
17,030
|
$5,799,061,000 | 1.43% |
| Vanguard Intl Equity Index F |
2.36%
111,810
|
$5,959,433,000 | 1.47% |
| Tesla Inc |
1.14%
18,327
|
$4,797,438,000 | 1.19% |
| Ishares Inc |
1.73%
96,084
|
$4,619,099,000 | 1.14% |
| Chevron Corp. |
9.45%
20,182
|
$3,168,906,000 | 0.78% |
| Applied Matls Inc |
0.23%
21,226
|
$3,067,954,000 | 0.76% |
| Spdr Ser Tr |
Closed
146,820
|
$3,595,825,000 | |
| Oracle Corp. |
34.25%
23,753
|
$2,828,678,000 | 0.70% |
| Amazon.com Inc. |
19.79%
18,146
|
$2,365,485,000 | 0.59% |
| Berkshire Hathaway Inc. |
1.92%
5,509
|
$1,878,569,000 | 0.46% |
| Vanguard World Fds |
2.14%
21,629
|
$4,410,462,000 | 1.09% |
| Ishares Gold Tr |
21.83%
41,545
|
$1,511,531,000 | 0.37% |
| Meta Platforms Inc |
3.29%
5,017
|
$1,439,779,000 | 0.36% |
| Broadcom Inc. |
Opened
1,587
|
$1,376,449,000 | 0.34% |
| Alphabet Inc |
18.00%
18,517
|
$2,230,766,000 | 0.55% |
| NVIDIA Corp |
44.83%
3,117
|
$1,312,829,000 | 0.32% |
| Vanguard Tax-managed Fds |
4.99%
26,899
|
$1,206,978,000 | 0.30% |
| Vanguard Bd Index Fds |
20.41%
28,854
|
$2,032,223,000 | 0.50% |
| Procter And Gamble Co |
0.15%
6,685
|
$1,014,399,000 | 0.25% |
| Vanguard Scottsdale Fds |
1.41%
15,052
|
$976,535,000 | 0.24% |
| Abbvie Inc |
0.56%
7,047
|
$949,435,000 | 0.23% |
| Home Depot, Inc. |
0.62%
2,110
|
$948,954,000 | 0.23% |
| Analog Devices Inc. |
Closed
4,686
|
$925,639,000 | |
| Intuit Inc |
12.81%
1,964
|
$897,157,000 | 0.22% |
| MSCI Inc |
0.79%
1,883
|
$883,673,000 | 0.22% |
| Honeywell International Inc |
Closed
4,520
|
$853,929,000 | |
| Advanced Micro Devices Inc. |
1.56%
7,399
|
$842,827,000 | 0.21% |
| Visa Inc |
4.70%
3,446
|
$818,354,000 | 0.20% |
| AMGEN Inc. |
12.73%
2,480
|
$792,149,000 | 0.20% |
| Fidelity Covington Trust |
6.98%
5,530
|
$722,415,000 | 0.18% |
| Vanguard World Fd |
2.87%
3,014
|
$709,265,000 | 0.18% |
| United Parcel Service, Inc. |
4.76%
3,900
|
$699,138,000 | 0.17% |
| Disney Walt Co |
1.42%
7,768
|
$693,571,000 | 0.17% |
| First Tr Morningstar Divid L |
23.54%
20,331
|
$691,468,000 | 0.17% |
| Lockheed Martin Corp. |
0.68%
1,464
|
$673,902,000 | 0.17% |
| JPMorgan Chase & Co. |
36.92%
4,536
|
$659,772,000 | 0.16% |
| Wells Fargo Co New |
0.15%
14,795
|
$631,452,000 | 0.16% |
| Pepsico Inc |
17.05%
3,405
|
$630,592,000 | 0.16% |
| Automatic Data Processing In |
0.07%
2,795
|
$614,372,000 | 0.15% |
| International Business Machs |
2.14%
4,580
|
$612,881,000 | 0.15% |
| Pacer Fds Tr |
17.89%
12,502
|
$598,464,000 | 0.15% |
| Lilly Eli & Co |
2.17%
1,217
|
$570,796,000 | 0.14% |
| Bank America Corp |
12.49%
19,665
|
$564,171,000 | 0.14% |
| Merck & Co Inc |
3.64%
4,760
|
$549,213,000 | 0.14% |
| Select Sector Spdr Tr |
6.05%
10,960
|
$809,294,000 | 0.20% |
| Dbx Etf Tr |
3.46%
15,201
|
$537,672,000 | 0.13% |
| Sentinelone Inc |
No change
33,780
|
$510,078,000 | 0.13% |
| Wisdomtree Tr |
38.56%
9,932
|
$499,778,000 | 0.12% |
| Spdr S&p 500 Etf Tr |
24.63%
1,111
|
$492,454,000 | 0.12% |
| Boeing Co. |
68.31%
2,312
|
$489,678,000 | 0.12% |
| Ishares Tr |
Opened
14,399
|
$1,582,153,000 | 0.39% |
| Starbucks Corp. |
2.82%
4,854
|
$480,797,000 | 0.12% |
| Johnson & Johnson |
33.81%
2,898
|
$479,788,000 | 0.12% |
| Cisco Sys Inc |
21.29%
9,239
|
$478,029,000 | 0.12% |
| Nike, Inc. |
0.42%
4,321
|
$476,904,000 | 0.12% |
| CVS Health Corp |
Closed
6,394
|
$474,567,000 | |
| Spdr Ser Tr |
28.37%
22,779
|
$861,636,000 | 0.21% |
| Ishares Tr |
Closed
15,765
|
$839,056,000 | |
| Unitedhealth Group Inc |
7.05%
923
|
$443,441,000 | 0.11% |
| AT&T Inc. |
10.59%
27,563
|
$439,632,000 | 0.11% |
| Vanguard Specialized Funds |
No change
2,658
|
$431,817,000 | 0.11% |
| Costco Whsl Corp New |
58.21%
797
|
$429,415,000 | 0.11% |
| Coca-Cola Co |
1.10%
7,102
|
$427,658,000 | 0.11% |
| Pulte Group Inc |
0.44%
5,466
|
$424,569,000 | 0.11% |
| Abm Inds Inc |
0.05%
9,803
|
$418,083,000 | 0.10% |
| Raytheon Technologies Corp |
10.56%
3,246
|
$415,722,000 | 0.10% |
| Dbx Etf Tr |
Closed
11,900
|
$413,316,000 | |
| Verizon Communications Inc |
37.15%
10,667
|
$396,689,000 | 0.10% |
| Spdr Ser Tr |
Opened
10,035
|
$389,752,000 | 0.10% |
| Centene Corp. |
Closed
5,993
|
$381,658,000 | |
| Abbott Labs |
1.86%
3,428
|
$373,729,000 | 0.09% |
| Public Svc Enterprise Grp In |
No change
5,932
|
$371,403,000 | 0.09% |
| Intel Corp. |
31.18%
10,965
|
$366,672,000 | 0.09% |
| Lowes Cos Inc |
41.72%
1,517
|
$342,307,000 | 0.08% |
| Mastercard Incorporated |
7.62%
861
|
$338,527,000 | 0.08% |
| SJW Group |
Closed
4,360
|
$331,927,000 | |
| Vanguard Charlotte Fds |
11.01%
6,760
|
$330,423,000 | 0.08% |
| Cars.com |
Closed
18,000
|
$325,770,000 | |
| American Express Co. |
0.27%
1,867
|
$325,198,000 | 0.08% |
| Exxon Mobil Corp. |
12.31%
3,013
|
$323,156,000 | 0.08% |
| Spdr Gold Tr |
3.77%
1,789
|
$318,925,000 | 0.08% |
| Tjx Cos Inc New |
Closed
4,147
|
$314,976,000 | |
| Brainstorm Cell Therapeutics, Inc. |
0.10%
150,550
|
$310,133,000 | 0.08% |
| Hershey Company |
3.88%
1,240
|
$309,649,000 | 0.08% |
| MercadoLibre Inc |
Closed
252
|
$307,473,000 | |
| Bhp Group Ltd |
Closed
5,111
|
$307,284,000 | |
| BP plc |
0.29%
8,638
|
$304,833,000 | 0.08% |
| Select Sector Spdr Tr |
Closed
4,147
|
$303,426,000 | |
| Morgan Stanley |
Closed
3,467
|
$299,898,000 | |
| First Tr Exchange Traded Fd |
Closed
4,639
|
$296,481,000 | |
| First Tr Exchange-traded Fd |
3.97%
5,709
|
$291,916,000 | 0.07% |
| Invesco Exchange Traded Fd T |
0.62%
3,733
|
$289,527,000 | 0.07% |
| Caterpillar Inc. |
14.95%
1,172
|
$288,381,000 | 0.07% |
| NextEra Energy Inc |
0.96%
3,886
|
$288,329,000 | 0.07% |
| American Centy Etf Tr |
1.24%
7,179
|
$486,790,000 | 0.12% |
| VanEck ETF Trust |
Closed
11,301
|
$283,032,000 | |
| Fleetcor Technologies Inc |
No change
1,110
|
$278,699,000 | 0.07% |
| Mcdonalds Corp |
57.01%
914
|
$272,579,000 | 0.07% |
| Vanguard Intl Equity Index F |
Closed
6,192
|
$271,252,000 | |
| Schwab Strategic Tr |
61.34%
5,193
|
$268,494,000 | 0.07% |
| Union Pac Corp |
3.32%
1,282
|
$262,329,000 | 0.06% |
| Us Bancorp Del |
0.84%
7,862
|
$259,753,000 | 0.06% |
| Vanguard Scottsdale Fds |
Opened
3,776
|
$251,611,000 | 0.06% |
| Novartis AG |
41.42%
2,800
|
$250,386,000 | 0.06% |
| Vanguard Star Fds |
Closed
4,513
|
$249,182,000 | |
| Pfizer Inc. |
5.04%
6,754
|
$247,720,000 | 0.06% |
| Taiwan Semiconductor Mfg Ltd |
Closed
2,675
|
$246,566,000 | |
| Philip Morris International Inc |
2.96%
2,521
|
$246,117,000 | 0.06% |
| Kroger Co. |
0.14%
5,166
|
$242,825,000 | 0.06% |
| Allstate Corp (The) |
2.60%
2,175
|
$237,162,000 | 0.06% |
| Ross Stores, Inc. |
0.33%
2,107
|
$236,223,000 | 0.06% |
| One Liberty Pptys Inc |
Closed
10,322
|
$231,403,000 | |
| Netflix Inc. |
68.33%
521
|
$229,468,000 | 0.06% |
| Hawaiian Elec Industries |
0.96%
6,323
|
$228,875,000 | 0.06% |
| Genmab A/s |
Closed
6,105
|
$225,395,000 | |
| Axon Enterprise Inc |
Closed
1,000
|
$224,850,000 | |
| Stryker Corp. |
9.22%
729
|
$222,536,000 | 0.06% |
| Spdr Index Shs Fds |
1.05%
4,153
|
$221,625,000 | 0.05% |
| Vanguard Index Fds |
Opened
20
|
$220,861,000 | 0.05% |
| Grainger W W Inc |
67.44%
280
|
$220,680,000 | 0.05% |
| Adobe Systems Incorporated |
93.05%
449
|
$219,689,000 | 0.05% |
| Spdr Dow Jones Indl Average |
4.20%
639
|
$219,554,000 | 0.05% |
| Bristol-Myers Squibb Co. |
0.33%
3,394
|
$217,031,000 | 0.05% |
| Ishares Silver Tr |
5.38%
10,275
|
$214,645,000 | 0.05% |
| Walmart Inc |
84.65%
1,361
|
$213,932,000 | 0.05% |
| Goldman Sachs Group, Inc. |
68.21%
658
|
$212,247,000 | 0.05% |
| Salesforce Inc |
34.47%
998
|
$210,760,000 | 0.05% |
| Vanguard Whitehall Fds |
77.35%
1,983
|
$210,327,000 | 0.05% |
| Southwest Airls Co |
Closed
6,808
|
$209,997,000 | |
| Diageo plc |
1.88%
1,198
|
$207,904,000 | 0.05% |
| WEC Energy Group Inc |
0.73%
2,354
|
$207,736,000 | 0.05% |
| Clorox Co. |
Closed
1,307
|
$206,748,000 | |
| Phillips 66 |
Closed
1,993
|
$202,006,000 | |
| Comcast Corp New |
Closed
5,330
|
$201,627,000 | |
| Trane Technologies plc |
Opened
1,052
|
$201,242,000 | 0.05% |
| Target Corp |
61.02%
1,524
|
$201,027,000 | 0.05% |
| Duke Energy Corp. |
Closed
2,082
|
$200,865,000 | |
| Carrier Global Corporation |
Opened
3,118
|
$200,663,000 | 0.05% |
| NIO Inc |
Closed
18,405
|
$170,967,000 | |
| Ford Mtr Co Del |
0.54%
10,813
|
$163,597,000 | 0.04% |
| First Tr Stoxx European Sele |
3.09%
13,465
|
$152,825,000 | 0.04% |
| Natural Alternatives Intl In |
33.42%
19,661
|
$141,559,000 | 0.04% |
| Medical Pptys Trust Inc |
Closed
14,400
|
$111,048,000 | |
| Heritage Comm Corp |
0.01%
11,399
|
$94,384,000 | 0.02% |
| Virtus Convertible & Income |
Closed
25,792
|
$86,662,000 | |
| Cidara Therapeutics Inc |
No change
12,000
|
$13,560,000 | 0.00% |
| Nektar Therapeutics |
No change
19,000
|
$10,929,000 | 0.00% |
| Credit Suisse Group |
Closed
11,500
|
$10,233,000 | |
| No transactions found | |||
| Showing first 500 out of 154 holdings | |||
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