Palouse Capital Management 13F annual report
Palouse Capital Management is an investment fund managing more than $151 billion ran by Christopher Hicks. There are currently 104 companies in Mr. Hicks’s portfolio. The largest investments include Microsoft and Spdr Ser Tr, together worth $10.4 billion.
$151 billion Assets Under Management (AUM)
As of 5th August 2024, Palouse Capital Management’s top holding is 11,755 shares of Microsoft currently worth over $5.25 billion and making up 3.5% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Palouse Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 59,461 shares of Spdr Ser Tr worth $5.14 billion.
The third-largest holding is Pfizer worth $4.18 billion and the next is Vanguard Scottsdale Fds worth $4.38 billion, with 54,920 shares owned.
Currently, Palouse Capital Management's portfolio is worth at least $151 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 Palouse Capital Management
The Palouse Capital Management office and employees reside in Spokane, Washington. According to the last 13-F report filed with the SEC, Christopher Hicks serves as the PRESIDENT at Palouse Capital Management.
Recent trades
In the most recent 13F filing, Palouse Capital Management revealed that it had opened a new position in
Ulta Beauty Inc and bought 2,998 shares worth $1.16 billion.
This means they effectively own approximately 0.1% of the company.
Ulta Beauty Inc makes up
11.8%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Spdr Ser Tr by buying
2,669 additional shares.
This makes their stake in Spdr Ser Tr total 59,461 shares worth $5.14 billion.
On the other hand, there are companies that Palouse Capital Management is getting rid of from its portfolio.
Palouse Capital Management closed its position in Goldman Sachs on 12th August 2024.
It sold the previously owned 5,144 shares for $2.15 billion.
Christopher Hicks also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $5.25 billion and 11,755 shares.
One of the smallest hedge funds
The two most similar investment funds to Palouse Capital Management are V2 Group and Investments & Planning. They manage $149 billion and $149 billion respectively.
Christopher Hicks investment strategy
Palouse Capital Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 15.2% of
the total portfolio value.
The fund focuses on investments in the United States as
58.7% 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 $132 billion.
The complete list of Palouse Capital Management trades based on 13F SEC filings
These positions were updated on August 12th 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 |
|---|---|---|---|
| Microsoft Corporation |
2.76%
11,755
|
$5,253,897,000 | 3.53% |
| Spdr Ser Tr |
4.70%
59,461
|
$5,143,889,000 | 3.45% |
| Pfizer Inc. |
1.68%
149,259
|
$4,176,267,000 | 2.80% |
| Vanguard Scottsdale Fds |
2.18%
54,920
|
$4,381,222,000 | 2.94% |
| Tyson Foods, Inc. |
2.26%
72,868
|
$4,163,678,000 | 2.79% |
| Newmont Corp |
2.71%
94,952
|
$3,975,640,000 | 2.67% |
| Lamar Advertising Co |
2.20%
32,668
|
$3,904,848,000 | 2.62% |
| Baker Hughes Company |
1.60%
110,167
|
$3,874,573,000 | 2.60% |
| Citigroup Inc |
3.13%
59,887
|
$3,800,429,000 | 2.55% |
| Keurig Dr Pepper Inc |
1.62%
112,574
|
$3,759,972,000 | 2.52% |
| Blackrock Inc. |
1.91%
4,729
|
$3,723,236,000 | 2.50% |
| Huntington Bancshares, Inc. |
2.81%
281,054
|
$3,704,285,000 | 2.49% |
| Devon Energy Corp. |
1.33%
77,195
|
$3,659,043,000 | 2.46% |
| Netapp Inc |
3.85%
27,643
|
$3,560,418,000 | 2.39% |
| Target Corp |
0.89%
23,999
|
$3,552,812,000 | 2.38% |
| Qualcomm, Inc. |
2.25%
17,395
|
$3,464,736,000 | 2.33% |
| General Mls Inc |
1.88%
53,444
|
$3,380,867,000 | 2.27% |
| Eog Res Inc |
1.94%
26,481
|
$3,333,101,000 | 2.24% |
| Air Prods Chems Inc |
1.18%
12,785
|
$3,299,169,000 | 2.21% |
| Ishares Tr |
2.31%
98,566
|
$3,655,670,000 | 2.45% |
| Kenvue Inc |
75.32%
149,144
|
$2,711,438,000 | 1.82% |
| KeyCorp |
2.95%
180,709
|
$2,567,875,000 | 1.72% |
| United Parcel Service, Inc. |
37.08%
18,319
|
$2,506,955,000 | 1.68% |
| Apple Inc |
9.54%
11,895
|
$2,505,325,000 | 1.68% |
| Nxp Semiconductors N V |
4.29%
9,197
|
$2,474,690,000 | 1.66% |
| Unitedhealth Group Inc |
3.06%
4,752
|
$2,419,749,000 | 1.62% |
| Cisco Sys Inc |
274.81%
50,892
|
$2,417,879,000 | 1.62% |
| Lam Research Corp. |
5.39%
2,231
|
$2,375,570,000 | 1.59% |
| International Paper Co. |
2.63%
52,474
|
$2,264,253,000 | 1.52% |
| Alphabet Inc |
5.62%
11,858
|
$2,159,935,000 | 1.45% |
| Goldman Sachs Group, Inc. |
Closed
5,144
|
$2,148,597,000 | |
| Corning, Inc. |
2.47%
54,003
|
$2,098,017,000 | 1.41% |
| Medtronic Plc |
1.60%
26,199
|
$2,062,123,000 | 1.38% |
| Att Inc |
0.95%
105,009
|
$2,006,722,000 | 1.35% |
| Fedex Corp |
2.38%
6,390
|
$1,915,828,000 | 1.29% |
| Alps Etf Tr |
1.04%
39,866
|
$1,912,771,000 | 1.28% |
| Kraft Heinz Co |
1.48%
57,707
|
$1,859,320,000 | 1.25% |
| East West Bancorp, Inc. |
3.13%
24,383
|
$1,785,502,000 | 1.20% |
| Starbucks Corp. |
2,113.50%
22,135
|
$1,723,230,000 | 1.16% |
| Meta Platforms Inc |
4.89%
3,231
|
$1,629,135,000 | 1.09% |
| Comcast Corp New |
1.38%
41,770
|
$1,612,254,000 | 1.08% |
| Interpublic Group Cos Inc |
1.26%
54,700
|
$1,591,223,000 | 1.07% |
| EBay Inc. |
2.70%
29,288
|
$1,573,351,000 | 1.06% |
| Fiserv, Inc. |
1.93%
10,043
|
$1,496,734,000 | 1.00% |
| CVS Health Corp |
2.02%
24,883
|
$1,469,590,000 | 0.99% |
| RTX Corp |
Closed
14,323
|
$1,396,922,000 | |
| Spdr Sp 500 Etf Tr |
7.59%
2,557
|
$1,391,571,000 | 0.93% |
| Thermo Fisher Scientific Inc. |
2.94%
2,445
|
$1,352,085,000 | 0.91% |
| Electronic Arts, Inc. |
22.79%
9,477
|
$1,320,361,000 | 0.89% |
| Amazon.com Inc. |
2.91%
6,577
|
$1,271,005,000 | 0.85% |
| Aptiv PLC |
2.74%
18,011
|
$1,268,335,000 | 0.85% |
| Incyte Corp. |
1.57%
19,610
|
$1,188,758,000 | 0.80% |
| PayPal Holdings Inc |
3.18%
19,959
|
$1,158,221,000 | 0.78% |
| Ulta Beauty Inc |
Opened
2,998
|
$1,156,838,000 | 0.78% |
| Akamai Technologies Inc |
16.83%
12,729
|
$1,146,628,000 | 0.77% |
| Disney Walt Co |
1.70%
10,807
|
$1,073,027,000 | 0.72% |
| Johnson Johnson |
Closed
5,047
|
$798,385,000 | |
| Yum China Holdings Inc |
Opened
25,597
|
$789,411,000 | 0.53% |
| Becton Dickinson Co |
23.23%
3,061
|
$715,386,000 | 0.48% |
| Whirlpool Corp. |
3.21%
6,664
|
$681,061,000 | 0.46% |
| Ppg Inds Inc |
Opened
5,341
|
$672,378,000 | 0.45% |
| Invesco Exch Traded Fd Tr Ii |
0.20%
28,969
|
$608,505,000 | 0.41% |
| Schwab Strategic Tr |
1.43%
11,998
|
$805,857,000 | 0.54% |
| Novo-nordisk A S |
Closed
2,000
|
$256,800,000 | |
| Brady Corp. |
6.60%
3,441
|
$227,175,000 | 0.15% |
| Globus Med Inc |
Opened
3,092
|
$211,771,000 | 0.14% |
| Ishares Tr |
Closed
4,145
|
$430,602,000 | |
| DMC Global Inc |
23.92%
14,381
|
$207,374,000 | 0.14% |
| Metropolitan Bk Hldg Corp |
3.23%
4,788
|
$201,527,000 | 0.14% |
| Abm Inds Inc |
8.26%
3,978
|
$201,167,000 | 0.14% |
| Merit Med Sys Inc |
5.37%
2,186
|
$187,887,000 | 0.13% |
| Enersys |
4.23%
1,789
|
$185,146,000 | 0.12% |
| Meritage Homes Corp. |
12.53%
1,089
|
$176,255,000 | 0.12% |
| Envista Holdings Corp |
33.68%
10,411
|
$173,135,000 | 0.12% |
| Ultra Clean Hldgs Inc |
6.51%
3,333
|
$163,317,000 | 0.11% |
| Chevron Corp. |
Closed
1,024
|
$161,526,000 | |
| Kelly Svcs Inc |
5.75%
7,355
|
$157,460,000 | 0.11% |
| MGP Ingredients, Inc. |
2.27%
2,111
|
$157,058,000 | 0.11% |
| Bank Ozk Little Rock Ark |
8.42%
3,720
|
$152,520,000 | 0.10% |
| Performance Food Group Company |
2.32%
2,273
|
$150,268,000 | 0.10% |
| Shutterstock Inc |
20.70%
3,877
|
$150,040,000 | 0.10% |
| Upbound Group Inc |
5.33%
4,846
|
$148,772,000 | 0.10% |
| Costco Whsl Corp New |
Closed
200
|
$146,526,000 | |
| Axos Financial Inc. |
6.62%
2,525
|
$144,304,000 | 0.10% |
| Mohawk Inds Inc |
28.72%
1,196
|
$135,854,000 | 0.09% |
| AGCO Corp. |
Opened
1,298
|
$127,048,000 | 0.09% |
| Semler Scientific Inc |
Closed
4,320
|
$126,187,000 | |
| Western Alliance Bancorp |
66.64%
1,973
|
$123,944,000 | 0.08% |
| Digi International, Inc. |
6.92%
5,287
|
$121,231,000 | 0.08% |
| ConnectOne Bancorp Inc. |
7.11%
6,415
|
$121,170,000 | 0.08% |
| Preferred Bk Los Angeles Ca |
3.46%
1,523
|
$114,971,000 | 0.08% |
| Broadcom Inc |
96.13%
71
|
$113,993,000 | 0.08% |
| Belden Inc |
Closed
1,175
|
$108,817,000 | |
| Carriage Svcs Inc |
No change
3,932
|
$105,535,000 | 0.07% |
| Acm Resh Inc |
Opened
4,571
|
$105,407,000 | 0.07% |
| Cohu, Inc. |
No change
3,182
|
$105,324,000 | 0.07% |
| Us Foods Hldg Corp |
No change
1,911
|
$101,245,000 | 0.07% |
| Ingredion Inc |
1.68%
879
|
$100,821,000 | 0.07% |
| Apple Hospitality REIT Inc |
Opened
6,778
|
$98,552,000 | 0.07% |
| Cathay Gen Bancorp |
No change
2,500
|
$94,325,000 | 0.06% |
| Gentherm Inc |
Opened
1,871
|
$92,278,000 | 0.06% |
| Owens Corning |
No change
524
|
$91,029,000 | 0.06% |
| Northwest Nat Hldg Co |
No change
2,352
|
$84,931,000 | 0.06% |
| Dream Finders Homes, Inc. |
Opened
3,076
|
$79,422,000 | 0.05% |
| Brunswick Corp. |
No change
1,066
|
$77,573,000 | 0.05% |
| Sturm Ruger Co Inc |
Opened
1,851
|
$77,094,000 | 0.05% |
| NVIDIA Corp |
Closed
85
|
$76,803,000 | |
| Photronics, Inc. |
Opened
3,057
|
$75,416,000 | 0.05% |
| Thor Inds Inc |
25.08%
793
|
$74,106,000 | 0.05% |
| Cigna Group (The) |
Closed
194
|
$70,459,000 | |
| Pepsico Inc |
Closed
400
|
$70,004,000 | |
| Verint Sys Inc |
35.94%
2,142
|
$68,972,000 | 0.05% |
| HP Inc |
No change
1,942
|
$68,009,000 | 0.05% |
| Jpmorgan Chase Co |
Closed
250
|
$50,075,000 | |
| Procter And Gamble Co |
No change
286
|
$47,167,000 | 0.03% |
| Select Sector Spdr Tr |
No change
548
|
$41,966,000 | 0.03% |
| Invesco Exchange Traded Fd T |
No change
2,588
|
$38,121,000 | 0.03% |
| Spdr Ser Tr |
Closed
256
|
$33,597,000 | |
| Bristol-Myers Squibb Co. |
Closed
400
|
$21,692,000 | |
| Dynavax Technologies Corp. |
Closed
1,260
|
$15,637,000 | |
| Boeing Co. |
Closed
75
|
$14,474,000 | |
| WestRock Co |
Closed
223
|
$11,027,000 | |
| Wynn Resorts Ltd. |
Closed
100
|
$10,223,000 | |
| Mks Instrs Inc |
Closed
74
|
$9,842,000 | |
| Tesla Inc |
Closed
50
|
$8,790,000 | |
| Prestige Consmr Healthcare I |
Closed
116
|
$8,417,000 | |
| Cardinal Health, Inc. |
Closed
75
|
$8,393,000 | |
| Integer Hldgs Corp |
Closed
64
|
$7,468,000 | |
| Webster Finl Corp |
Closed
126
|
$6,397,000 | |
| Schlumberger Ltd. |
Closed
100
|
$5,481,000 | |
| Zimmer Biomet Holdings Inc |
Closed
40
|
$5,279,000 | |
| Banc of California Inc |
Closed
340
|
$5,171,000 | |
| Granite Constr Inc |
Closed
67
|
$3,828,000 | |
| Dutch Bros Inc. |
Closed
100
|
$3,300,000 | |
| Travelers Companies Inc. |
Closed
14
|
$3,222,000 | |
| Eastman Chem Co |
Closed
25
|
$2,506,000 | |
| Apogee Enterprises Inc. |
Closed
1
|
$30,000 | |
| Methode Electrs Inc |
Closed
1
|
$6,000 | |
| No transactions found | |||
| Showing first 500 out of 138 holdings | |||
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