Secure Asset Management 13F annual report

Secure Asset Management is an investment fund managing more than $525 billion ran by Randall Joseph. There are currently 210 companies in Mr. Joseph’s portfolio. The largest investments include Vanguard Index Fds and Apple Inc, together worth $110 billion.

Limited to 30 biggest holdings

$525 billion Assets Under Management (AUM)

As of 17th July 2024, Secure Asset Management’s top holding is 144,128 shares of Vanguard Index Fds currently worth over $66 billion and making up 12.6% of the portfolio value. In addition, the fund holds 209,445 shares of Apple Inc worth $44.1 billion, whose value grew 15.3% in the past six months. The third-largest holding is NVIDIA Corp worth $21.4 billion and the next is Select Sector Spdr Tr worth $21.7 billion, with 108,596 shares owned.

Currently, Secure Asset Management's portfolio is worth at least $525 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 Secure Asset Management

The Secure Asset Management office and employees reside in Troy, Michigan. According to the last 13-F report filed with the SEC, Randall Joseph serves as the Chief Compliance Officer at Secure Asset Management.

Recent trades

In the most recent 13F filing, Secure Asset Management revealed that it had opened a new position in Guggenheim Strategic Opportu and bought 332,704 shares worth $4.96 billion.

The investment fund also strengthened its position in Vanguard Index Fds by buying 2,734 additional shares. This makes their stake in Vanguard Index Fds total 144,128 shares worth $66 billion.

On the other hand, there are companies that Secure Asset Management is getting rid of from its portfolio. Secure Asset Management closed its position in Dollar Gen Corp New on 24th July 2024. It sold the previously owned 16,904 shares for $2.64 billion. Randall Joseph also disclosed a decreased stake in Apple Inc by approximately 0.1%. This leaves the value of the investment at $44.1 billion and 209,445 shares.

One of the average hedge funds

The two most similar investment funds to Secure Asset Management are Eagle Health Investments L.P. and Cohen Capital Management. They manage $525 billion and $525 billion respectively.


Randall Joseph investment strategy

Secure Asset Management’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 11.5% of the total portfolio value. The fund focuses on investments in the United States as 49.0% 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 40% of the total holdings value. On the other hand, small-cap stocks make up only 4.3% of the portfolio. The average market cap of the portfolio companies is close to $146 billion.

The complete list of Secure Asset Management trades based on 13F SEC filings

These positions were updated on July 24th 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
Vanguard Index Fds
1.93%
144,128
$65,956,370,000 12.57%
Apple Inc
0.29%
209,445
$44,113,295,000 8.40%
NVIDIA Corp
1,223.45%
173,094
$21,384,024,000 4.07%
Select Sector Spdr Tr
7.32%
108,596
$21,659,204,000 4.13%
Ishares Tr
25.65%
126,683
$25,385,184,000 4.84%
First Tr Exchange-traded Fd
15.45%
708,504
$30,440,356,000 5.80%
Microsoft Corporation
33.63%
22,506
$10,058,994,000 1.92%
Ssga Active Etf Tr
8.17%
230,732
$9,644,599,000 1.84%
Meta Platforms Inc
103.09%
17,874
$9,012,665,000 1.72%
Amazon.com Inc.
16.31%
45,957
$8,881,256,000 1.69%
Invesco Exchange Traded Fd T
10.06%
89,035
$8,400,763,000 1.60%
Vanguard Malvern Fds
171.34%
150,425
$7,301,631,000 1.39%
Etfis Ser Tr I
57.09%
274,309
$5,768,708,000 1.10%
Vanguard Intl Equity Index F
0.12%
47,308
$5,328,261,000 1.02%
Fidelity Merrimack Str Tr
15.26%
100,795
$5,030,662,000 0.96%
Invesco Exch Traded Fd Tr Ii
312.24%
28,403
$5,272,256,000 1.00%
Guggenheim Strategic Opportu
Opened
332,704
$4,960,621,000 0.95%
Exxon Mobil Corp.
42.31%
41,614
$4,790,656,000 0.91%
First Tr Lrg Cp Vl Alphadex
1.79%
53,854
$3,963,665,000 0.76%
First Tr Exchange Traded Fd
84.83%
170,171
$6,715,969,000 1.28%
First Tr Lrge Cp Core Alpha
2.07%
40,547
$3,932,699,000 0.75%
Blackrock Etf Trust Ii
2.11%
73,140
$3,817,916,000 0.73%
Janus Detroit Str Tr
Opened
73,168
$3,722,790,000 0.71%
Tesla Inc
36.89%
17,457
$3,454,403,000 0.66%
Pgim Etf Tr
14.70%
68,904
$3,424,507,000 0.65%
First Tr Value Line Divid In
1.78%
80,531
$3,281,629,000 0.63%
Merck & Co Inc
6.63%
26,507
$3,281,625,000 0.63%
Pacer Fds Tr
Opened
84,206
$4,320,407,000 0.82%
JPMorgan Chase & Co.
8.47%
15,935
$3,222,981,000 0.61%
Ultimus Managers Tr
6.76%
108,126
$2,991,988,000 0.57%
Vanguard Specialized Funds
17.18%
15,986
$2,918,273,000 0.56%
Alphabet Inc
41.95%
26,063
$4,760,095,000 0.91%
Barings Corporate Invs
Opened
150,358
$2,799,670,000 0.53%
Alps Etf Tr
16.52%
117,505
$4,673,697,000 0.89%
Fidelity Covington Trust
1.70%
15,580
$2,672,268,000 0.51%
Dollar Gen Corp New
Closed
16,904
$2,638,106,000
Spdr S&p 500 Etf Tr
74.87%
4,655
$2,533,374,000 0.48%
Berkshire Hathaway Inc.
57.25%
5,856
$2,994,055,000 0.57%
Invesco Exch Trd Slf Idx Fd
3.52%
877,977
$17,041,066,000 3.25%
Ares Dynamic Cr Allocation F
Opened
145,886
$2,172,245,000 0.41%
Microstrategy Inc.
Opened
1,558
$2,146,114,000 0.41%
Vanguard Bd Index Fds
Closed
53,543
$3,959,733,000
Angel Oak Funds Trust
39.68%
41,003
$2,086,637,000 0.40%
Unitedhealth Group Inc
128.31%
4,073
$2,074,255,000 0.40%
Schwab Strategic Tr
2.70%
30,534
$2,475,747,000 0.47%
Walmart Inc
13.33%
29,349
$1,987,223,000 0.38%
Crowdstrike Holdings Inc
14.42%
4,880
$1,869,967,000 0.36%
Graco Inc.
0.37%
23,512
$1,864,008,000 0.36%
Chevron Corp.
0.18%
11,751
$1,838,056,000 0.35%
Visa Inc
5.30%
6,955
$1,825,395,000 0.35%
Mcdonalds Corp
10.60%
7,033
$1,792,176,000 0.34%
Spdr Dow Jones Indl Average
483.62%
4,488
$1,755,480,000 0.33%
First Solar Inc
4.02%
7,759
$1,749,247,000 0.33%
Newmont Corp
2.34%
41,631
$1,743,087,000 0.33%
Fiserv, Inc.
30.16%
11,593
$1,727,821,000 0.33%
Williams Cos Inc
7.60%
40,341
$1,714,497,000 0.33%
Coca-Cola Co
2.75%
26,597
$1,692,874,000 0.32%
Philip Morris International Inc
3.65%
16,573
$1,679,340,000 0.32%
General Dynamics Corp.
4.71%
5,731
$1,662,829,000 0.32%
Abbvie Inc
19.38%
9,691
$1,662,257,000 0.32%
Invesco Exchange Traded Fd T
Opened
50,058
$1,975,921,000 0.38%
Pfizer Inc.
0.61%
58,328
$1,632,010,000 0.31%
Public Svc Enterprise Grp In
3.09%
21,910
$1,614,766,000 0.31%
Boeing Co.
9.06%
8,639
$1,572,384,000 0.30%
Mirum Pharmaceuticals Inc
8.59%
45,904
$1,569,458,000 0.30%
Innovative Indl Pptys Inc
2.96%
14,298
$1,561,602,000 0.30%
First Tr Nas100 Eq Weighted
0.91%
12,533
$1,545,194,000 0.29%
Oracle Corp.
Opened
10,868
$1,534,605,000 0.29%
American Elec Pwr Co Inc
4.29%
17,368
$1,523,857,000 0.29%
Eli Lilly & Co
200.91%
1,655
$1,498,722,000 0.29%
Pioneer Nat Res Co
Closed
5,630
$1,477,771,000
Diamondback Energy Inc
6.61%
7,341
$1,469,628,000 0.28%
Blackrock Muniyield Mich Qu
4.24%
127,633
$1,460,105,000 0.28%
Vici Pptys Inc
3.52%
50,757
$1,453,669,000 0.28%
Essential Utils Inc
3.37%
38,255
$1,428,068,000 0.27%
First Tr Exchange-traded Fd
Opened
59,975
$3,667,809,000 0.70%
Schwab Charles Corp
6.12%
18,950
$1,396,448,000 0.27%
Generac Holdings Inc
4.27%
10,559
$1,396,111,000 0.27%
Ishares Bitcoin Tr
Opened
40,420
$1,379,939,000 0.26%
Marathon Oil Corporation
5.77%
47,905
$1,373,440,000 0.26%
Constellation Brands Inc
13.60%
5,322
$1,369,306,000 0.26%
Conagra Brands Inc
2.65%
47,869
$1,360,449,000 0.26%
Permian Resources Corp
3.67%
84,227
$1,360,272,000 0.26%
Salesforce Inc
26.44%
5,260
$1,352,275,000 0.26%
Kraft Heinz Co
2.78%
41,591
$1,340,047,000 0.26%
Targa Res Corp
Opened
10,194
$1,312,763,000 0.25%
Tapestry Inc
5.50%
30,610
$1,309,790,000 0.25%
Noble Corp Plc
4.05%
29,040
$1,296,639,000 0.25%
Liberty Media Corp.
Closed
30,454
$1,289,727,000
Upbound Group Inc
4.63%
41,112
$1,262,143,000 0.24%
Chemours Company
3.29%
55,485
$1,252,285,000 0.24%
A-Mark Precious Metals Inc
Closed
40,677
$1,248,372,000
CVS Health Corp
5.88%
21,126
$1,247,728,000 0.24%
Fidelity Wise Origin Bitcoin
Opened
23,647
$1,240,540,000 0.24%
MP Materials Corp.
4.00%
93,229
$1,186,805,000 0.23%
First Tr Nasdaq 100 Tech Ind
444.87%
5,890
$1,162,950,000 0.22%
Spdr Gold Tr
104.04%
5,197
$1,117,407,000 0.21%
Palo Alto Networks Inc
52.52%
3,273
$1,109,649,000 0.21%
Albemarle Corp.
5.08%
11,408
$1,089,660,000 0.21%
Ishares Tr
Opened
29,165
$2,230,680,000 0.42%
Home Depot, Inc.
0.55%
3,053
$1,050,882,000 0.20%
Willscot Mobil Mini Hldng Co
8.64%
27,377
$1,030,470,000 0.20%
Kayne Anderson Energy Infrst
Opened
92,448
$954,988,000 0.18%
Costco Whsl Corp New
150.56%
1,120
$952,062,000 0.18%
Vanguard World Fd
172.42%
1,610
$928,030,000 0.18%
Ares Management Corp
Opened
6,582
$877,202,000 0.17%
Aflac Inc.
71.76%
9,687
$865,177,000 0.16%
First Tr Exchange Traded Fd
Opened
26,413
$1,685,639,000 0.32%
Ford Mtr Co Del
5.31%
67,283
$843,733,000 0.16%
Verizon Communications Inc
2.47%
20,062
$827,361,000 0.16%
The Southern Co.
143.93%
10,533
$817,073,000 0.16%
Block Inc
254.85%
12,448
$802,772,000 0.15%
Eaton Corp Plc
Opened
2,522
$790,724,000 0.15%
Innovator ETFs Trust
6.59%
85,413
$3,367,895,000 0.64%
Irsa Inversiones Y Rep S A
Opened
86,103
$771,487,000 0.15%
Barings Global Short Duratio
Opened
51,203
$739,878,000 0.14%
Bank America Corp
83.77%
18,401
$731,802,000 0.14%
Ishares Inc
Opened
26,572
$729,664,000 0.14%
Broadcom Inc
4.81%
436
$699,976,000 0.13%
AT&T Inc.
36.92%
36,402
$695,651,000 0.13%
Procter And Gamble Co
28.17%
3,914
$645,505,000 0.12%
Intuitive Surgical Inc
Opened
1,447
$643,698,000 0.12%
Kroger Co.
21.73%
12,870
$642,606,000 0.12%
Pgim Short Dur Hig Yld Opp F
Opened
41,175
$631,213,000 0.12%
Vanguard Index Fds
Closed
5,860
$1,273,121,000
Lincoln Edl Svcs Corp
Opened
51,643
$612,486,000 0.12%
Netflix Inc.
11.08%
892
$601,993,000 0.11%
GE Aerospace
170.50%
3,760
$597,704,000 0.11%
Super Micro Computer Inc
226.13%
724
$593,209,000 0.11%
Marriott Intl Inc New
130.06%
2,365
$571,873,000 0.11%
Advanced Micro Devices Inc.
24.89%
3,507
$568,870,000 0.11%
Vanguard Intl Equity Index F
Closed
13,328
$556,714,000
CSX Corp.
5.64%
16,268
$544,149,000 0.10%
Johnson & Johnson
9.27%
3,317
$484,883,000 0.09%
Caterpillar Inc.
8.36%
1,439
$479,348,000 0.09%
Dimensional Etf Trust
No change
9,100
$472,017,000 0.09%
NRG Energy Inc.
Opened
5,818
$453,026,000 0.09%
VanEck ETF Trust
7.76%
1,735
$452,286,000 0.09%
Fidelity Covington Trust
Opened
14,551
$731,213,000 0.14%
Iron Mtn Inc Del
Opened
5,035
$451,258,000 0.09%
Chipotle Mexican Grill
Opened
7,150
$447,948,000 0.09%
Adobe Inc
12.02%
792
$439,759,000 0.08%
Stryker Corp.
No change
1,276
$434,111,000 0.08%
Pgim Etf Tr
Opened
8,467
$428,001,000 0.08%
Lam Research Corp.
Opened
391
$416,885,000 0.08%
DTE Energy Co.
26.82%
3,722
$413,185,000 0.08%
First Tr Exch Traded Fd Iii
Opened
23,278
$404,099,000 0.08%
Ishares Tr
Closed
16,378
$1,162,059,000
Spdr Ser Tr
3.03%
5,713
$634,805,000 0.12%
Dow Inc
2.75%
7,373
$391,125,000 0.07%
Innovator ETFs Trust
Opened
9,264
$384,363,000 0.07%
Global X Fds
4.11%
10,355
$383,342,000 0.07%
T-Mobile US, Inc.
Opened
2,162
$380,827,000 0.07%
Progressive Corp.
Opened
1,817
$377,357,000 0.07%
Altria Group Inc.
Opened
8,259
$376,184,000 0.07%
Otter Tail Corporation
No change
4,246
$371,907,000 0.07%
Transdigm Group Incorporated
Opened
291
$371,785,000 0.07%
Qualcomm, Inc.
26.06%
1,858
$370,133,000 0.07%
Fair Isaac Corp.
Opened
248
$369,642,000 0.07%
Vanguard Whitehall Fds
Closed
3,024
$365,934,000
International Business Machs
20.02%
2,110
$364,924,000 0.07%
Us Bancorp Del
Opened
9,188
$364,761,000 0.07%
Masco Corp.
Opened
5,397
$359,837,000 0.07%
Celsius Holdings Inc
Opened
6,287
$358,925,000 0.07%
Disney Walt Co
57.41%
3,572
$354,672,000 0.07%
Cohen & Steers Reit & Pfd &
Opened
17,250
$351,383,000 0.07%
Truist Finl Corp
7.29%
8,904
$345,905,000 0.07%
Polaris Inc
Closed
3,442
$344,647,000
Grayscale Bitcoin Tr Btc
Opened
6,353
$338,234,000 0.06%
Parker-Hannifin Corp.
Opened
659
$333,443,000 0.06%
Spdr Ser Tr
Closed
2,956
$329,865,000
Paccar Inc.
Opened
3,154
$324,669,000 0.06%
DuPont de Nemours Inc
1.92%
4,033
$324,581,000 0.06%
United Rentals, Inc.
Opened
501
$324,076,000 0.06%
Cintas Corporation
Opened
461
$322,730,000 0.06%
Global X Fds
Opened
10,232
$319,129,000 0.06%
Fidelity Covington Trust
Closed
5,304
$315,082,000
NEOS ETF Trust
4.46%
6,273
$312,139,000 0.06%
Nike, Inc.
32.14%
4,130
$311,285,000 0.06%
Janus Detroit Str Tr
0.04%
4,679
$311,231,000 0.06%
Yiren Digital Ltd
Opened
68,444
$310,051,000 0.06%
Blackstone Inc
42.97%
2,475
$306,446,000 0.06%
Vanguard Charlotte Fds
Opened
6,143
$298,986,000 0.06%
Lockheed Martin Corp.
29.82%
640
$298,760,000 0.06%
Starbucks Corp.
6.34%
3,805
$296,232,000 0.06%
Healthpeak Properties Inc.
No change
15,088
$295,725,000 0.06%
Oklo Inc
Opened
34,224
$289,877,000 0.06%
Colgate-Palmolive Co.
10.14%
2,966
$287,816,000 0.05%
Phillips 66
33.05%
2,017
$284,737,000 0.05%
Vanguard Admiral Fds Inc
Closed
1,576
$284,473,000
Vanguard World Fd
Closed
1,156
$282,240,000
Target Corp
8.02%
1,892
$280,092,000 0.05%
Pepsico Inc
8.73%
1,694
$279,401,000 0.05%
AMGEN Inc.
1.77%
890
$278,121,000 0.05%
Spdr Index Shs Fds
0.64%
7,318
$275,669,000 0.05%
Shopify Inc
5.29%
4,120
$272,097,000 0.05%
First Tr Exchange Traded Fd
Closed
14,114
$264,357,000
Proshares Tr
13.06%
3,547
$261,819,000 0.05%
Select Sector Spdr Tr
Opened
1,726
$251,578,000 0.05%
Goldman Sachs Group, Inc.
5.98%
550
$248,715,000 0.05%
Invesco Exch Traded Fd Tr Ii
Opened
2,662
$246,547,000 0.05%
Cigna Group (The)
2.40%
733
$242,308,000 0.05%
D.R. Horton Inc.
Opened
1,713
$241,460,000 0.05%
Honeywell International Inc
Closed
1,176
$241,273,000
Espey Mfg & Electrs Corp
Closed
9,264
$233,907,000
Pacer Fds Tr
0.71%
4,913
$233,606,000 0.04%
Fedex Corp
10.83%
778
$233,395,000 0.04%
First Tr Exchange-traded Fd
Closed
6,573
$227,949,000
Ares Capital Corp
Opened
10,864
$226,410,000 0.04%
Proshares Tr
Closed
2,165
$219,512,000
Northrop Grumman Corp.
8.65%
490
$213,606,000 0.04%
Spdr Ser Tr
Opened
6,888
$212,504,000 0.04%
Vanguard Index Fds
Opened
1,321
$211,902,000 0.04%
J P Morgan Exchange Traded F
Opened
3,818
$211,899,000 0.04%
Automatic Data Processing In
Closed
841
$210,074,000
Ge Vernova Inc
Opened
1,222
$209,585,000 0.04%
General Mls Inc
4.99%
3,305
$209,103,000 0.04%
Vanguard Scottsdale Fds
Opened
2,677
$206,892,000 0.04%
Blackrock Inc.
Closed
247
$205,838,000
Doubleline Income Solutions
Opened
16,355
$204,767,000 0.04%
Phillips Edison & Co Inc
No change
6,238
$204,045,000 0.04%
Steel Dynamics Inc.
0.32%
1,573
$203,726,000 0.04%
Hershey Company
Opened
1,108
$203,684,000 0.04%
Calamos Etf Tr
Opened
8,469
$203,294,000 0.04%
Occidental Pete Corp
Closed
3,124
$203,029,000
Intel Corp.
3.97%
6,503
$201,401,000 0.04%
World Gold Tr
Opened
4,341
$200,059,000 0.04%
New York Cmnty Bancorp Inc
0.33%
32,670
$105,199,000 0.02%
Compugen Ltd
Opened
41,345
$69,460,000 0.01%
Cerus Corp.
Opened
15,600
$27,456,000 0.01%
Lumen Technologies, Inc.
Opened
17,135
$18,849,000 0.00%
Dragonfly Energy Holdings Co
Opened
12,992
$10,990,000 0.00%
No transactions found
Showing first 500 out of 232 holdings