High Note Wealth 13F annual report
High Note Wealth is an investment fund managing more than $321 billion ran by Michael Forrester. There are currently 75 companies in Mr. Forrester’s portfolio. The largest investments include Ishares Tr and Select Sector Spdr Tr, together worth $107 billion.
$321 billion Assets Under Management (AUM)
As of 26th July 2024, High Note Wealth’s top holding is 357,440 shares of Ishares Tr currently worth over $50.2 billion and making up 15.7% of the portfolio value.
In addition, the fund holds 450,516 shares of Select Sector Spdr Tr worth $56.8 billion.
The third-largest holding is Schwab Strategic Tr worth $24.7 billion and the next is Apple Inc worth $16.4 billion, with 77,950 shares owned.
Currently, High Note Wealth's portfolio is worth at least $321 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 High Note Wealth
The High Note Wealth office and employees reside in Deephaven, Minnesota. According to the last 13-F report filed with the SEC, Michael Forrester serves as the Chief Compliance Officer at High Note Wealth.
Recent trades
In the most recent 13F filing, High Note Wealth revealed that it had opened a new position in
Exxon Mobil and bought 15,143 shares worth $1.74 billion.
This means they effectively own approximately 0.1% of the company.
Exxon Mobil makes up
100.0%
of the fund's Energy sector allocation and has grown its share price by 11.1% in the past year.
The investment fund also strengthened its position in Ishares Tr by buying
18,037 additional shares.
This makes their stake in Ishares Tr total 357,440 shares worth $50.2 billion.
On the other hand, there are companies that High Note Wealth is getting rid of from its portfolio.
High Note Wealth closed its position in Pioneer Nat Res Co on 2nd August 2024.
It sold the previously owned 6,731 shares for $1.77 billion.
Michael Forrester also disclosed a decreased stake in Select Sector Spdr Tr by approximately 0.1%.
This leaves the value of the investment at $56.8 billion and 450,516 shares.
One of the smaller hedge funds
The two most similar investment funds to High Note Wealth are Whitcomb & Hess and First American Corp. They manage $321 billion and $321 billion respectively.
Michael Forrester investment strategy
High Note Wealth’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 11.4% of
the total portfolio value.
The fund focuses on investments in the United States as
50.7% 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
47% of the total holdings value.
On the other hand, small-cap stocks make up only 1.3% of the portfolio.
The average market cap of the portfolio companies is close to $271 billion.
The complete list of High Note Wealth trades based on 13F SEC filings
These positions were updated on August 2nd 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 |
5.31%
357,440
|
$50,211,568,000 | 15.66% |
| Select Sector Spdr Tr |
0.19%
450,516
|
$56,815,029,000 | 17.72% |
| Schwab Strategic Tr |
5.39%
346,641
|
$24,714,273,000 | 7.71% |
| Apple Inc |
1.40%
77,950
|
$16,417,801,000 | 5.12% |
| Dbx Etf Tr |
2.43%
341,039
|
$14,132,658,000 | 4.41% |
| Unitedhealth Group Inc |
4.59%
23,084
|
$11,755,895,000 | 3.67% |
| Vanguard Index Fds |
1.54%
51,586
|
$11,598,499,000 | 3.62% |
| Microsoft Corporation |
6.20%
21,691
|
$9,694,980,000 | 3.02% |
| VanEck ETF Trust |
0.66%
358,706
|
$9,150,588,000 | 2.85% |
| Ishares Inc |
4.66%
318,942
|
$11,962,276,000 | 3.73% |
| Alphabet Inc |
1.91%
53,455
|
$9,741,884,000 | 3.04% |
| Amazon.com Inc. |
2.87%
43,513
|
$8,408,827,000 | 2.62% |
| Berkshire Hathaway Inc. |
5.34%
17,153
|
$6,977,890,000 | 2.18% |
| Autozone Inc. |
4.47%
2,012
|
$5,964,604,000 | 1.86% |
| Jpmorgan Chase Co |
5.86%
27,548
|
$5,571,940,000 | 1.74% |
| Walmart Inc |
4.00%
61,686
|
$4,176,749,000 | 1.30% |
| Merck Co Inc |
11.58%
30,325
|
$3,754,183,000 | 1.17% |
| Cigna Group (The) |
1.85%
10,630
|
$3,513,906,000 | 1.10% |
| Mcdonalds Corp |
5.98%
13,731
|
$3,499,265,000 | 1.09% |
| Wisdomtree Tr |
5.07%
101,622
|
$3,491,744,000 | 1.09% |
| Abbvie Inc |
1.17%
19,649
|
$3,370,157,000 | 1.05% |
| Eli Lilly Co |
0.06%
3,212
|
$2,908,421,000 | 0.91% |
| Home Depot, Inc. |
1.67%
8,120
|
$2,795,399,000 | 0.87% |
| RTX Corp |
39.72%
23,807
|
$2,390,032,000 | 0.75% |
| General Dynamics Corp. |
41.03%
7,710
|
$2,236,846,000 | 0.70% |
| NVIDIA Corp |
934.97%
17,760
|
$2,194,070,000 | 0.68% |
| Lockheed Martin Corp. |
20.57%
4,643
|
$2,168,929,000 | 0.68% |
| Palantir Technologies Inc. |
31.59%
74,680
|
$1,891,644,000 | 0.59% |
| Pioneer Nat Res Co |
Closed
6,731
|
$1,766,902,000 | |
| Exxon Mobil Corp. |
Opened
15,143
|
$1,743,313,000 | 0.54% |
| Huntington Ingalls Inds Inc |
Closed
5,457
|
$1,590,675,000 | |
| Cisco Sys Inc |
6.94%
32,621
|
$1,549,828,000 | 0.48% |
| Marathon Pete Corp |
5.41%
8,483
|
$1,471,631,000 | 0.46% |
| Vici Pptys Inc |
0.85%
49,548
|
$1,419,069,000 | 0.44% |
| Vanguard Admiral Fds Inc |
No change
3,785
|
$1,262,108,000 | 0.39% |
| EBay Inc. |
5.01%
22,958
|
$1,233,325,000 | 0.38% |
| Digital Rlty Tr Inc |
1.22%
6,775
|
$1,030,080,000 | 0.32% |
| Spdr Sp 500 Etf Tr |
0.27%
1,825
|
$993,202,000 | 0.31% |
| Booking Holdings Inc |
1.31%
226
|
$875,496,000 | 0.27% |
| Boston Scientific Corp. |
19.86%
11,242
|
$865,746,000 | 0.27% |
| Nushares Etf Tr |
7.07%
19,678
|
$822,744,000 | 0.26% |
| Travelers Companies Inc. |
0.21%
3,762
|
$764,965,000 | 0.24% |
| Johnson Johnson |
No change
4,881
|
$713,392,000 | 0.22% |
| Salesforce Inc |
1.80%
2,712
|
$697,255,000 | 0.22% |
| Starbucks Corp. |
15.39%
8,814
|
$686,170,000 | 0.21% |
| Meta Platforms Inc |
1.19%
1,324
|
$667,522,000 | 0.21% |
| Union Pac Corp |
0.83%
2,866
|
$648,501,000 | 0.20% |
| Lear Corp. |
18.74%
5,542
|
$632,935,000 | 0.20% |
| Vanguard World Fd |
No change
1,039
|
$599,077,000 | 0.19% |
| Oracle Corp. |
0.93%
4,137
|
$584,144,000 | 0.18% |
| Invesco Exchange Traded Fd T |
No change
5,472
|
$562,412,000 | 0.18% |
| Crown Castle Inc |
2.74%
5,460
|
$533,415,000 | 0.17% |
| Alphatec Holdings Inc |
Opened
50,000
|
$522,500,000 | 0.16% |
| Spdr Ser Tr |
2.49%
13,062
|
$994,677,000 | 0.31% |
| Clearfield Inc |
No change
12,375
|
$477,180,000 | 0.15% |
| Kellanova Co |
No change
8,250
|
$475,860,000 | 0.15% |
| Medtronic Plc |
7.76%
5,859
|
$461,162,000 | 0.14% |
| Glaukos Corporation |
Opened
3,864
|
$457,304,000 | 0.14% |
| Costco Whsl Corp New |
1.65%
478
|
$406,295,000 | 0.13% |
| Sps Comm Inc |
0.23%
2,151
|
$404,699,000 | 0.13% |
| Pentair plc |
No change
4,899
|
$375,606,000 | 0.12% |
| ANI Pharmaceuticals Inc |
No change
5,802
|
$369,471,000 | 0.12% |
| Sap SE |
2.63%
1,706
|
$344,092,000 | 0.11% |
| Broadcom Inc |
1.86%
211
|
$338,767,000 | 0.11% |
| General Mls Inc |
0.15%
4,795
|
$303,332,000 | 0.09% |
| Spdr Dow Jones Indl Average |
No change
715
|
$279,658,000 | 0.09% |
| Vanguard Tax-managed Fds |
No change
5,503
|
$271,958,000 | 0.08% |
| Disney Walt Co |
0.15%
2,725
|
$270,565,000 | 0.08% |
| Williams-Sonoma, Inc. |
No change
935
|
$264,016,000 | 0.08% |
| Pfizer Inc. |
2.37%
8,600
|
$240,628,000 | 0.08% |
| Nike, Inc. |
Closed
2,392
|
$224,800,000 | |
| Best Buy Co. Inc. |
Opened
2,647
|
$223,116,000 | 0.07% |
| Invesco Tr Invt Grade Muns |
0.18%
21,650
|
$222,346,000 | 0.07% |
| Integer Hldgs Corp |
0.89%
1,918
|
$222,085,000 | 0.07% |
| Procter And Gamble Co |
3.12%
1,336
|
$220,333,000 | 0.07% |
| Blackrock Muniyield Quality |
0.18%
21,381
|
$220,010,000 | 0.07% |
| Tesla Inc |
Opened
1,037
|
$205,202,000 | 0.06% |
| Target Corp |
7.59%
1,352
|
$200,150,000 | 0.06% |
| Spirit Airls Inc |
Closed
15,028
|
$72,736,000 | |
| No transactions found | |||
| Showing first 500 out of 79 holdings | |||
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