L2 Asset Management 13F annual report
L2 Asset Management is an investment fund managing more than $204 billion ran by Giselle Casella. There are currently 155 companies in Mrs. Casella’s portfolio. The largest investments include Apple Inc and Microsoft, together worth $19.5 billion.
$204 billion Assets Under Management (AUM)
As of 1st November 2023, L2 Asset Management’s top holding is 59,468 shares of Apple Inc currently worth over $11.5 billion and making up 5.6% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, L2 Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 23,525 shares of Microsoft worth $8.01 billion, whose value grew 16.8% in the past six months.
The third-largest holding is Berkshire Hathaway worth $5.92 billion and the next is Meta Platforms Inc worth $4.82 billion, with 16,409 shares owned.
Currently, L2 Asset Management's portfolio is worth at least $204 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 L2 Asset Management
The L2 Asset Management office and employees reside in Wayland, Massachusetts. According to the last 13-F report filed with the SEC, Giselle Casella serves as the Chief Compliance Officer at L2 Asset Management.
Recent trades
In the most recent 13F filing, L2 Asset Management revealed that it had opened a new position in
Alphabet Inc and bought 35,274 shares worth $4.25 billion.
This means they effectively own approximately 0.1% of the company.
Alphabet Inc makes up
9.8%
of the fund's Technology sector allocation and has grown its share price by 47.3% in the past year.
The investment fund also strengthened its position in Apple Inc by buying
7,363 additional shares.
This makes their stake in Apple Inc total 59,468 shares worth $11.5 billion.
Apple Inc soared 30.3% in the past year.
On the other hand, there are companies that L2 Asset Management is getting rid of from its portfolio.
L2 Asset Management closed its position in Travelers Companies on 8th November 2023.
It sold the previously owned 18,530 shares for $3.18 billion.
Giselle Casella also disclosed a decreased stake in Gilead Sciences by approximately 0.1%.
This leaves the value of the investment at $4.56 billion and 58,519 shares.
One of the smaller hedge funds
The two most similar investment funds to L2 Asset Management are Blue Zone Wealth Advisors and Olio Planning. They manage $213 billion and $213 billion respectively.
Giselle Casella investment strategy
L2 Asset Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 21.2% of
the total portfolio value.
The fund focuses on investments in the United States as
71.6% 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
64% of the total holdings value.
On the other hand, small-cap stocks make up only 3.2% of the portfolio.
The average market cap of the portfolio companies is close to $149 billion.
The complete list of L2 Asset Management trades based on 13F SEC filings
These positions were updated on November 8th 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 |
14.13%
59,468
|
$11,486,318,000 | 5.62% |
| Microsoft Corporation |
16.05%
23,525
|
$8,011,204,000 | 3.92% |
| Berkshire Hathaway Inc. |
0.17%
18,013
|
$5,919,695,000 | 2.89% |
| Meta Platforms Inc |
14.80%
16,409
|
$4,821,238,000 | 2.36% |
| Gilead Sciences, Inc. |
0.28%
58,519
|
$4,557,404,000 | 2.23% |
| Broadcom Inc. |
6.08%
5,287
|
$4,475,362,000 | 2.19% |
| JPMorgan Chase & Co. |
92.51%
30,216
|
$4,406,729,000 | 2.16% |
| Alphabet Inc |
Opened
35,274
|
$4,251,220,000 | 2.08% |
| Hologic, Inc. |
2.80%
52,396
|
$4,232,629,000 | 2.07% |
| Dow Inc |
6.78%
77,450
|
$4,158,244,000 | 2.03% |
| Synchrony Financial |
45.72%
109,893
|
$3,787,465,000 | 1.85% |
| Omnicom Group, Inc. |
5.25%
38,991
|
$3,750,294,000 | 1.83% |
| Netapp Inc |
34.31%
47,583
|
$3,677,611,000 | 1.80% |
| Cisco Sys Inc |
50.88%
67,595
|
$3,554,988,000 | 1.74% |
| Cardinal Health, Inc. |
234.41%
36,702
|
$3,470,908,000 | 1.70% |
| Ameriprise Finl Inc |
5.36%
10,584
|
$3,433,557,000 | 1.68% |
| Check Point Software Tech Lt |
15.15%
27,053
|
$3,422,666,000 | 1.67% |
| Travelers Companies Inc. |
Closed
18,530
|
$3,176,227,000 | |
| Best Buy Co. Inc. |
53.68%
37,482
|
$3,091,909,000 | 1.51% |
| Bruker Corp |
Closed
38,692
|
$3,050,490,000 | |
| Booking Holdings Inc |
135.33%
1,339
|
$3,048,907,000 | 1.49% |
| Moderna Inc |
Closed
19,679
|
$3,022,302,000 | |
| Medtronic Plc |
Opened
34,064
|
$3,001,038,000 | 1.47% |
| Adobe Systems Incorporated |
568.36%
7,352
|
$2,989,009,000 | 1.46% |
| Owens Corning |
33.60%
21,414
|
$2,958,108,000 | 1.45% |
| Amerisourcebergen Corp |
Opened
15,116
|
$2,908,772,000 | 1.42% |
| DaVita Inc |
253.57%
28,929
|
$2,906,497,000 | 1.42% |
| Vmware Inc. |
38.90%
19,793
|
$2,877,627,000 | 1.41% |
| Discover Finl Svcs |
27.52%
22,666
|
$2,716,775,000 | 1.33% |
| United Therapeutics Corp |
14.95%
12,017
|
$2,652,753,000 | 1.30% |
| IQVIA Holdings Inc |
Opened
11,602
|
$2,607,782,000 | 1.28% |
| NVIDIA Corp |
7.76%
6,137
|
$2,596,074,000 | 1.27% |
| Steel Dynamics Inc. |
0.68%
22,738
|
$2,440,981,000 | 1.19% |
| Biogen Inc |
Opened
8,522
|
$2,427,492,000 | 1.19% |
| Royalty Pharma plc |
Closed
67,057
|
$2,416,064,000 | |
| Airbnb, Inc. |
436.58%
18,249
|
$2,338,792,000 | 1.14% |
| Conocophillips |
5.95%
23,142
|
$2,337,272,000 | 1.14% |
| BorgWarner Inc |
106.23%
47,086
|
$2,315,634,000 | 1.13% |
| Expedia Group Inc |
24.28%
18,183
|
$2,038,667,000 | 1.00% |
| Jabil Inc |
19.61%
19,741
|
$2,020,733,000 | 0.99% |
| NVR Inc. |
1,503.95%
1,219
|
$1,994,095,000 | 0.98% |
| KLA Corp. |
56.39%
4,138
|
$1,953,952,000 | 0.96% |
| Quest Diagnostics, Inc. |
Closed
13,347
|
$1,888,334,000 | |
| Fleetcor Technologies Inc |
69.03%
8,901
|
$1,869,247,000 | 0.91% |
| Tesla Inc |
12.22%
6,999
|
$1,832,128,000 | 0.90% |
| AMGEN Inc. |
58.86%
8,296
|
$1,817,908,000 | 0.89% |
| Archer Daniels Midland Co. |
505.85%
21,944
|
$1,658,089,000 | 0.81% |
| Alphabet Inc |
4.62%
13,403
|
$1,621,361,000 | 0.79% |
| Abbvie Inc |
16.18%
12,016
|
$1,602,763,000 | 0.78% |
| Expeditors Intl Wash Inc |
223.05%
12,754
|
$1,581,681,000 | 0.77% |
| Marathon Oil Corporation |
9.97%
62,415
|
$1,503,094,000 | 0.74% |
| Nucor Corp. |
11.36%
9,027
|
$1,480,247,000 | 0.72% |
| Neurocrine Biosciences, Inc. |
Opened
15,625
|
$1,473,438,000 | 0.72% |
| Seagate Technology Hldngs Pl |
20.75%
22,698
|
$1,404,325,000 | 0.69% |
| Allstate Corp (The) |
Closed
12,613
|
$1,397,647,000 | |
| Exxon Mobil Corp. |
8.38%
13,254
|
$1,385,941,000 | 0.68% |
| Bristol-Myers Squibb Co. |
63.66%
22,167
|
$1,342,002,000 | 0.66% |
| Reliance Steel & Aluminum Co. |
651.89%
6,173
|
$1,307,366,000 | 0.64% |
| Merck & Co Inc |
13.78%
10,819
|
$1,248,404,000 | 0.61% |
| Nxp Semiconductors N V |
10.24%
5,919
|
$1,208,493,000 | 0.59% |
| American Finl Group Inc Ohio |
Closed
9,524
|
$1,157,121,000 | |
| Regeneron Pharmaceuticals, Inc. |
20.20%
1,553
|
$1,115,893,000 | 0.55% |
| Skyworks Solutions, Inc. |
Opened
11,071
|
$1,113,216,000 | 0.54% |
| Godaddy Inc |
Closed
13,521
|
$1,050,829,000 | |
| Visa Inc |
8.08%
4,202
|
$997,891,000 | 0.49% |
| Lyondellbasell Industries N |
145.41%
10,673
|
$980,102,000 | 0.48% |
| Valero Energy Corp. |
26.18%
8,893
|
$944,411,000 | 0.46% |
| Vertex Pharmaceuticals, Inc. |
5.00%
3,149
|
$940,285,000 | 0.46% |
| Molina Healthcare Inc |
3.65%
3,239
|
$906,561,000 | 0.44% |
| Qorvo Inc |
Opened
8,530
|
$896,491,000 | 0.44% |
| Pfizer Inc. |
9.28%
23,903
|
$877,699,000 | 0.43% |
| Mastercard Incorporated |
7.17%
2,183
|
$858,574,000 | 0.42% |
| Tapestry Inc |
104.13%
19,527
|
$837,993,000 | 0.41% |
| Cf Inds Hldgs Inc |
Closed
11,553
|
$837,477,000 | |
| HF Sinclair Corporation |
19.32%
19,513
|
$827,909,000 | 0.40% |
| EBay Inc. |
Opened
18,352
|
$817,069,000 | 0.40% |
| Interpublic Group Cos Inc |
39.47%
20,280
|
$815,204,000 | 0.40% |
| Home Depot, Inc. |
7.68%
2,622
|
$814,498,000 | 0.40% |
| Chevron Corp. |
5.79%
4,935
|
$776,522,000 | 0.38% |
| Lam Research Corp. |
Opened
2,020
|
$757,735,000 | 0.37% |
| American Express Co. |
11.29%
4,190
|
$729,898,000 | 0.36% |
| Lilly Eli & Co |
Closed
2,014
|
$691,648,000 | |
| Fox Corporation |
127.52%
19,214
|
$673,264,000 | 0.33% |
| Coca-Cola Co |
8.68%
11,131
|
$670,309,000 | 0.33% |
| Noble Corp Plc |
13.76%
16,042
|
$662,695,000 | 0.32% |
| Fifth Third Bancorp |
Closed
24,726
|
$658,707,000 | |
| Pepsico Inc |
8.55%
3,554
|
$658,272,000 | 0.32% |
| Churchill Downs, Inc. |
Closed
2,547
|
$654,706,000 | |
| Sealed Air Corp. |
54.68%
15,949
|
$637,960,000 | 0.31% |
| Packaging Corp Amer |
Opened
4,720
|
$623,795,000 | 0.31% |
| Caterpillar Inc. |
37.90%
2,667
|
$595,479,000 | 0.29% |
| Bank America Corp |
8.27%
20,688
|
$593,539,000 | 0.29% |
| Mcdonalds Corp |
Opened
1,892
|
$564,592,000 | 0.28% |
| Huntington Bancshares, Inc. |
Closed
49,332
|
$552,521,000 | |
| Accenture Plc Ireland |
8.15%
1,711
|
$527,980,000 | 0.26% |
| Salesforce Inc |
8.60%
2,499
|
$527,939,000 | 0.26% |
| Netflix Inc. |
8.81%
1,136
|
$500,397,000 | 0.24% |
| Linde Plc. |
20.67%
1,261
|
$480,542,000 | 0.24% |
| Oracle Corp. |
8.86%
4,005
|
$476,955,000 | 0.23% |
| Advanced Micro Devices Inc. |
8.35%
4,138
|
$471,360,000 | 0.23% |
| Comcast Corp New |
3.68%
10,804
|
$448,906,000 | 0.22% |
| Lennar Corp. |
Opened
3,578
|
$448,359,000 | 0.22% |
| Freeport-McMoRan Inc |
49.85%
11,056
|
$442,240,000 | 0.22% |
| Whirlpool Corp. |
30.22%
2,891
|
$430,152,000 | 0.21% |
| Texas Instrs Inc |
7.81%
2,346
|
$422,327,000 | 0.21% |
| Disney Walt Co |
8.91%
4,728
|
$422,116,000 | 0.21% |
| Wells Fargo Co New |
8.74%
9,887
|
$421,977,000 | 0.21% |
| Pulte Group Inc |
Opened
5,316
|
$412,947,000 | 0.20% |
| Textron Inc. |
Opened
5,587
|
$405,095,000 | 0.20% |
| Verizon Communications Inc |
8.58%
10,872
|
$404,330,000 | 0.20% |
| Philip Morris International Inc |
67.73%
3,801
|
$395,760,000 | 0.19% |
| NextEra Energy Inc |
10.46%
5,207
|
$386,359,000 | 0.19% |
| United Parcel Service, Inc. |
25.44%
2,189
|
$381,568,000 | 0.19% |
| Qiagen NV |
10.06%
8,380
|
$377,351,000 | 0.18% |
| Darden Restaurants, Inc. |
31.43%
2,764
|
$364,335,000 | 0.18% |
| Applied Matls Inc |
61.84%
3,308
|
$361,118,000 | 0.18% |
| Intel Corp. |
9.40%
10,749
|
$359,447,000 | 0.18% |
| Honeywell International Inc |
7.66%
1,728
|
$358,560,000 | 0.18% |
| Lowes Cos Inc |
4.40%
1,543
|
$348,255,000 | 0.17% |
| Qualcomm, Inc. |
7.86%
2,883
|
$343,192,000 | 0.17% |
| Westlake Corporation |
Closed
2,932
|
$340,053,000 | |
| Nike, Inc. |
4.05%
3,081
|
$340,050,000 | 0.17% |
| S&P Global Inc |
4.91%
833
|
$333,941,000 | 0.16% |
| Micron Technology Inc. |
16.78%
4,465
|
$324,892,000 | 0.16% |
| Union Pac Corp |
6.33%
1,580
|
$323,300,000 | 0.16% |
| Intuit Inc |
7.80%
705
|
$323,024,000 | 0.16% |
| International Business Machs |
3.90%
2,347
|
$314,052,000 | 0.15% |
| Deere & Co. |
15.02%
766
|
$310,376,000 | 0.15% |
| Intuitive Surgical Inc |
7.77%
902
|
$308,430,000 | 0.15% |
| AT&T Inc. |
8.64%
18,438
|
$294,086,000 | 0.14% |
| ServiceNow Inc |
8.98%
522
|
$293,348,000 | 0.14% |
| Eog Res Inc |
5.97%
2,802
|
$293,200,000 | 0.14% |
| Prologis Inc |
8.73%
2,380
|
$291,859,000 | 0.14% |
| Occidental Pete Corp |
Closed
4,669
|
$291,509,000 | |
| Hess Corporation |
42.99%
2,345
|
$289,269,000 | 0.14% |
| Morgan Stanley |
91.46%
3,366
|
$287,456,000 | 0.14% |
| Starbucks Corp. |
8.82%
2,898
|
$287,076,000 | 0.14% |
| Goldman Sachs Group, Inc. |
67.44%
865
|
$278,997,000 | 0.14% |
| Stryker Corp. |
Opened
914
|
$278,852,000 | 0.14% |
| Fortinet Inc |
Opened
3,624
|
$271,871,000 | 0.13% |
| American Intl Group Inc |
Closed
5,395
|
$271,697,000 | |
| Blackrock Inc. |
7.58%
383
|
$264,707,000 | 0.13% |
| Marathon Pete Corp |
4.50%
2,300
|
$259,061,000 | 0.13% |
| Mondelez International Inc. |
8.00%
3,524
|
$257,041,000 | 0.13% |
| CSX Corp. |
4.90%
7,475
|
$254,898,000 | 0.12% |
| Analog Devices Inc. |
6.71%
1,304
|
$254,032,000 | 0.12% |
| Tjx Cos Inc New |
7.78%
2,978
|
$252,505,000 | 0.12% |
| Chesapeake Energy Corp. |
8.90%
3,070
|
$248,897,000 | 0.12% |
| Altria Group Inc. |
Closed
5,570
|
$248,543,000 | |
| Schwab Charles Corp |
7.47%
4,347
|
$246,388,000 | 0.12% |
| Marsh & McLennan Cos., Inc. |
Opened
1,278
|
$240,366,000 | 0.12% |
| Automatic Data Processing In |
8.32%
1,067
|
$234,516,000 | 0.11% |
| American Tower Corp. |
8.61%
1,198
|
$232,340,000 | 0.11% |
| Citigroup Inc |
8.63%
5,020
|
$231,121,000 | 0.11% |
| Price T Rowe Group Inc |
2.63%
2,032
|
$227,625,000 | 0.11% |
| Autonation Inc. |
Opened
1,054
|
$225,299,000 | 0.11% |
| Kinsale Cap Group Inc |
Opened
1,856
|
$219,949,000 | 0.11% |
| Capital One Finl Corp |
Opened
3,976
|
$217,794,000 | 0.11% |
| Uber Technologies Inc |
Opened
4,944
|
$213,432,000 | 0.10% |
| Motorola Solutions Inc |
Opened
722
|
$211,748,000 | 0.10% |
| Carrier Global Corporation |
Opened
3,811
|
$210,106,000 | 0.10% |
| PayPal Holdings Inc |
Closed
2,737
|
$207,848,000 | |
| Eaton Corp Plc |
Opened
1,028
|
$206,731,000 | 0.10% |
| Carlisle Cos Inc |
Opened
838
|
$205,162,000 | 0.10% |
| Chubb Limited |
Opened
1,064
|
$204,884,000 | 0.10% |
| Fiserv, Inc. |
Opened
1,612
|
$203,354,000 | 0.10% |
| Manhattan Associates, Inc. |
21.04%
1,599
|
$202,554,000 | 0.10% |
| Paccar Inc. |
Opened
2,345
|
$200,886,000 | 0.10% |
| Progressive Corp. |
Opened
1,511
|
$200,011,000 | 0.10% |
| Southwestern Energy Company |
Opened
18,219
|
$156,357,000 | 0.08% |
| Ford Mtr Co Del |
Opened
10,115
|
$153,040,000 | 0.07% |
| Baker Hughes Company |
Opened
12,038
|
$113,247,000 | 0.06% |
| Under Armour Inc |
Opened
10,749
|
$108,731,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 173 holdings | |||
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