Prosperity Wealth Management 13F annual report
Prosperity Wealth Management is an investment fund managing more than $186 billion ran by Elliot Kallen. There are currently 125 companies in Mr. Kallen’s portfolio. The largest investments include Vanguard Index Fds and Schwab Strategic Tr, together worth $56.4 billion.
$186 billion Assets Under Management (AUM)
As of 8th May 2024, Prosperity Wealth Management’s top holding is 64,686 shares of Vanguard Index Fds currently worth over $30.6 billion and making up 16.5% of the portfolio value.
In addition, the fund holds 364,334 shares of Schwab Strategic Tr worth $25.8 billion.
The third-largest holding is Proshares Tr worth $18.3 billion and the next is Microsoft worth $7.86 billion, with 18,689 shares owned.
Currently, Prosperity Wealth Management's portfolio is worth at least $186 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 Prosperity Wealth Management
The Prosperity Wealth Management office and employees reside in San Ramon, California. According to the last 13-F report filed with the SEC, Elliot Kallen serves as the Chief Compliance Officer at Prosperity Wealth Management.
Recent trades
In the most recent 13F filing, Prosperity Wealth Management revealed that it had opened a new position in
Procter And Gamble Co and bought 14,977 shares worth $2.43 billion.
The investment fund also strengthened its position in Vanguard Index Fds by buying
50,196 additional shares.
This makes their stake in Vanguard Index Fds total 64,686 shares worth $30.6 billion.
On the other hand, there are companies that Prosperity Wealth Management is getting rid of from its portfolio.
Prosperity Wealth Management closed its position in Schwab Strategic Tr on 15th May 2024.
It sold the previously owned 48,719 shares for $1.81 billion.
Elliot Kallen also disclosed a decreased stake in Proshares Tr by 0.7%.
This leaves the value of the investment at $18.3 billion and 306,528 shares.
One of the smallest hedge funds
The two most similar investment funds to Prosperity Wealth Management are Paragon Capital Management and Kpcb Xiii Associates. They manage $186 billion and $186 billion respectively.
Elliot Kallen investment strategy
Prosperity Wealth Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 12.9% of
the total portfolio value.
The fund focuses on investments in the United States as
47.2% 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 4.0% of the portfolio.
The average market cap of the portfolio companies is close to $177 billion.
The complete list of Prosperity Wealth Management trades based on 13F SEC filings
These positions were updated on May 15th 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 |
346.42%
64,686
|
$30,552,534,000 | 16.46% |
| Schwab Strategic Tr |
1.18%
364,334
|
$25,837,114,000 | 13.92% |
| Proshares Tr |
74.64%
306,528
|
$18,303,737,000 | 9.86% |
| Microsoft Corporation |
8.38%
18,689
|
$7,862,883,000 | 4.24% |
| Apple Inc |
1.86%
25,747
|
$4,415,113,000 | 2.38% |
| Invesco Exch Trd Slf Idx Fd |
0.42%
79,882
|
$3,791,177,000 | 2.04% |
| Amazon.com Inc. |
3.93%
19,485
|
$3,514,704,000 | 1.89% |
| Ishares Tr |
0.10%
36,358
|
$4,425,588,000 | 2.38% |
| Strategy Shs |
11.01%
94,781
|
$3,560,740,000 | 1.92% |
| Procter And Gamble Co |
Opened
14,977
|
$2,430,018,000 | 1.31% |
| NVIDIA Corp |
10.49%
2,646
|
$2,390,820,000 | 1.29% |
| Select Sector Spdr Tr |
1.98%
10,328
|
$2,151,013,000 | 1.16% |
| Wynn Resorts Ltd. |
7.39%
19,740
|
$2,018,020,000 | 1.09% |
| Celsius Holdings Inc |
Opened
24,048
|
$1,994,060,000 | 1.07% |
| J P Morgan Exchange Traded F |
39.36%
53,759
|
$2,958,656,000 | 1.59% |
| Vanguard Scottsdale Fds |
310.38%
20,872
|
$1,808,958,000 | 0.97% |
| Simplify Exchange Traded Fun |
Opened
66,995
|
$1,634,678,000 | 0.88% |
| Ishares Tr |
Opened
35,515
|
$2,768,842,000 | 1.49% |
| Ark Etf Tr |
35.20%
59,269
|
$2,727,404,000 | 1.47% |
| Nuveen S&p 500 Buy-write Inc |
7.28%
116,262
|
$1,538,149,000 | 0.83% |
| Pacer Fds Tr |
12.33%
60,410
|
$2,039,459,000 | 1.10% |
| Proshares Tr |
Opened
94,832
|
$2,617,552,000 | 1.41% |
| Exxon Mobil Corp. |
0.33%
12,638
|
$1,469,044,000 | 0.79% |
| Targa Res Corp |
13.88%
12,751
|
$1,427,984,000 | 0.77% |
| Vanguard World Fd |
47.02%
4,859
|
$1,392,647,000 | 0.75% |
| Crowdstrike Holdings Inc |
13.38%
4,161
|
$1,333,975,000 | 0.72% |
| DraftKings Inc. |
39.10%
26,859
|
$1,219,667,000 | 0.66% |
| Shopify Inc |
11.00%
15,340
|
$1,183,788,000 | 0.64% |
| Schwab Strategic Tr |
Opened
23,958
|
$1,179,671,000 | 0.64% |
| Schwab Strategic Tr |
Closed
48,719
|
$1,811,788,000 | |
| Bank Montreal Medium |
Closed
111,385
|
$1,102,712,000 | |
| Direxion Shs Etf Tr |
105.53%
104,268
|
$2,006,592,000 | 1.08% |
| Rbb Fd Inc |
Closed
20,876
|
$1,046,946,000 | |
| Alphabet Inc |
10.19%
7,839
|
$1,185,433,000 | 0.64% |
| Meta Platforms Inc |
14.27%
1,875
|
$910,463,000 | 0.49% |
| Arista Networks Inc |
51.10%
3,090
|
$896,038,000 | 0.48% |
| Novo-nordisk A S |
Opened
6,454
|
$828,694,000 | 0.45% |
| Spdr Gold Tr |
207.94%
3,957
|
$814,034,000 | 0.44% |
| Oreilly Automotive Inc |
102.27%
712
|
$803,763,000 | 0.43% |
| Simplify Exchange Traded Fun |
31.94%
36,465
|
$781,446,000 | 0.42% |
| e.l.f. Beauty Inc |
Opened
3,950
|
$774,319,000 | 0.42% |
| Super Micro Computer Inc |
Opened
764
|
$771,663,000 | 0.42% |
| Proshares Tr |
Closed
44,529
|
$2,246,673,000 | |
| Asml Holding N V |
2.50%
780
|
$756,967,000 | 0.41% |
| Deckers Outdoor Corp. |
Opened
780
|
$734,183,000 | 0.40% |
| Arch Cap Group Ltd |
Opened
7,890
|
$729,352,000 | 0.39% |
| Spdr Ser Tr |
107.15%
30,598
|
$1,255,196,000 | 0.68% |
| Palo Alto Networks Inc |
23.48%
2,409
|
$684,469,000 | 0.37% |
| JPMorgan Chase & Co. |
9.61%
3,388
|
$678,601,000 | 0.37% |
| Uber Technologies Inc |
5.58%
8,253
|
$635,398,000 | 0.34% |
| Barclays Bank PLC |
Opened
48,945
|
$634,817,000 | 0.34% |
| Pimco Etf Tr |
Opened
24,372
|
$627,818,000 | 0.34% |
| MongoDB Inc |
Opened
1,675
|
$600,722,000 | 0.32% |
| Devon Energy Corp. |
32.42%
11,830
|
$593,608,000 | 0.32% |
| Invesco Exch Traded Fd Tr Ii |
44.03%
8,951
|
$589,615,000 | 0.32% |
| Gallagher Arthur J & Co |
Opened
2,331
|
$582,843,000 | 0.31% |
| Global X Fds |
Closed
56,683
|
$1,063,661,000 | |
| Oscar Health, Inc. |
11.73%
37,415
|
$556,361,000 | 0.30% |
| Truist Finl Corp |
No change
14,024
|
$546,656,000 | 0.29% |
| Fortinet Inc |
39.07%
7,795
|
$532,476,000 | 0.29% |
| Spdr Ser Tr |
Closed
2,963
|
$530,973,000 | |
| Netflix Inc. |
7.93%
871
|
$528,984,000 | 0.28% |
| NICE Ltd |
Opened
2,015
|
$525,149,000 | 0.28% |
| Disney Walt Co |
5.24%
4,289
|
$524,851,000 | 0.28% |
| Airbnb, Inc. |
17.11%
3,150
|
$519,624,000 | 0.28% |
| Eli Lilly & Co |
44.22%
649
|
$504,896,000 | 0.27% |
| First Tr Exchng Traded Fd Vi |
Opened
17,809
|
$504,529,000 | 0.27% |
| Vanguard World Fd |
Closed
3,284
|
$498,741,000 | |
| Invesco Exchange Traded Fd T |
0.10%
2,905
|
$492,020,000 | 0.27% |
| ServiceNow Inc |
24.65%
642
|
$489,461,000 | 0.26% |
| J P Morgan Exchange Traded F |
Opened
10,673
|
$745,206,000 | 0.40% |
| Aim Etf Products Trust |
53.57%
17,413
|
$487,120,000 | 0.26% |
| Spdr S&p 500 Etf Tr |
71.85%
929
|
$485,901,000 | 0.26% |
| Kraneshares Tr |
Closed
28,001
|
$482,451,000 | |
| Arm Holdings Plc |
Opened
3,830
|
$478,712,000 | 0.26% |
| Constellation Energy Corp |
0.35%
2,577
|
$476,289,000 | 0.26% |
| VanEck ETF Trust |
Opened
2,060
|
$463,422,000 | 0.25% |
| Global X Fds |
42.01%
38,564
|
$1,070,614,000 | 0.58% |
| Nextracker Inc |
Opened
8,100
|
$455,787,000 | 0.25% |
| Axon Enterprise Inc |
Closed
2,211
|
$439,967,000 | |
| Palantir Technologies Inc. |
19.28%
18,150
|
$417,632,000 | 0.22% |
| Tesla Inc |
1.32%
2,373
|
$417,201,000 | 0.22% |
| Pimco Dynamic Income Fd |
Closed
24,063
|
$415,809,000 | |
| Block Inc |
Opened
4,907
|
$415,034,000 | 0.22% |
| Starbucks Corp. |
Closed
4,417
|
$403,140,000 | |
| Pimco Corporate & Income Opp |
Opened
26,923
|
$400,345,000 | 0.22% |
| Eversource Energy |
0.97%
6,671
|
$398,744,000 | 0.21% |
| CyberArk Software Ltd |
Opened
1,485
|
$394,461,000 | 0.21% |
| Mesoblast Ltd |
Opened
77,350
|
$387,524,000 | 0.21% |
| First Tr Exchange-traded Fd |
Opened
46,896
|
$1,200,147,000 | 0.65% |
| J P Morgan Exchange Traded F |
Closed
7,603
|
$383,595,000 | |
| RTX Corp |
1.77%
3,895
|
$379,879,000 | 0.20% |
| UiPath, Inc. |
16.03%
16,650
|
$377,456,000 | 0.20% |
| Globant S.A. |
Closed
1,900
|
$375,915,000 | |
| Cohen & Steers Quality Incom |
Closed
36,203
|
$366,370,000 | |
| Emerson Elec Co |
0.03%
3,215
|
$364,609,000 | 0.20% |
| Walmart Inc |
77.46%
6,000
|
$361,047,000 | 0.19% |
| Micron Technology Inc. |
Opened
3,050
|
$359,565,000 | 0.19% |
| International Business Machs |
22.91%
1,878
|
$358,623,000 | 0.19% |
| Snowflake Inc. |
Closed
2,305
|
$352,135,000 | |
| Ark Etf Tr |
Closed
18,420
|
$573,416,000 | |
| DocuSign Inc |
Opened
5,770
|
$343,604,000 | 0.19% |
| VanEck ETF Trust |
15.72%
1,019
|
$342,720,000 | 0.18% |
| Berkshire Hathaway Inc. |
39.55%
808
|
$339,780,000 | 0.18% |
| Visa Inc |
22.96%
1,205
|
$336,291,000 | 0.18% |
| Intuitive Surgical Inc |
Closed
1,145
|
$334,672,000 | |
| Chipotle Mexican Grill |
Opened
114
|
$331,372,000 | 0.18% |
| Pnc Finl Svcs Group Inc |
1.95%
1,990
|
$321,505,000 | 0.17% |
| Veeva Sys Inc |
Closed
1,565
|
$318,399,000 | |
| Boeing Co. |
Closed
1,657
|
$317,614,000 | |
| Trade Desk Inc |
Opened
3,590
|
$313,838,000 | 0.17% |
| Okta Inc |
Closed
3,820
|
$311,368,000 | |
| BILL Holdings Inc |
Opened
4,480
|
$307,866,000 | 0.17% |
| Walkme Ltd |
Closed
32,110
|
$304,403,000 | |
| Enphase Energy Inc |
Closed
2,520
|
$302,778,000 | |
| Paycom Software Inc |
Closed
1,130
|
$292,975,000 | |
| DoorDash Inc |
Opened
2,108
|
$290,314,000 | 0.16% |
| Taiwan Semiconductor Mfg Ltd |
Opened
2,105
|
$286,385,000 | 0.15% |
| Stmicroelectronics N V |
Closed
6,575
|
$283,798,000 | |
| Cohen & Steers Infrastructur |
55.81%
11,589
|
$273,147,000 | 0.15% |
| GATX Corp. |
No change
2,001
|
$268,194,000 | 0.14% |
| Braze Inc |
Closed
5,620
|
$262,623,000 | |
| Textron Inc. |
Opened
2,670
|
$256,133,000 | 0.14% |
| First Tr Value Line Divid In |
Opened
6,053
|
$255,602,000 | 0.14% |
| Doximity, Inc. |
Opened
9,400
|
$252,954,000 | 0.14% |
| Vertiv Holdings Co |
Opened
3,039
|
$248,195,000 | 0.13% |
| Fidelity Covington Trust |
Opened
8,214
|
$242,308,000 | 0.13% |
| Direxion Shs Etf Tr |
Opened
7,231
|
$240,950,000 | 0.13% |
| Dream Finders Homes, Inc. |
Opened
5,400
|
$236,142,000 | 0.13% |
| Delta Air Lines, Inc. |
Opened
4,903
|
$234,707,000 | 0.13% |
| Spdr Ser Tr |
Opened
3,808
|
$234,306,000 | 0.13% |
| Johnson & Johnson |
Opened
1,457
|
$230,532,000 | 0.12% |
| Cloudflare Inc |
Opened
2,380
|
$230,455,000 | 0.12% |
| Norwegian Cruise Line Hldg L |
Closed
13,964
|
$230,127,000 | |
| Schwab Charles Corp |
Closed
4,125
|
$226,463,000 | |
| Chevron Corp. |
Opened
1,423
|
$224,458,000 | 0.12% |
| Advanced Micro Devices Inc. |
72.15%
1,240
|
$223,808,000 | 0.12% |
| Merck & Co Inc |
13.94%
1,686
|
$222,458,000 | 0.12% |
| Home Depot, Inc. |
Opened
572
|
$219,602,000 | 0.12% |
| Realty Income Corp. |
No change
4,019
|
$217,428,000 | 0.12% |
| DigitalOcean Holdings, Inc. |
Opened
5,660
|
$216,099,000 | 0.12% |
| Vanguard World Fd |
Opened
1,807
|
$216,004,000 | 0.12% |
| StoneCo Ltd |
Closed
20,175
|
$215,267,000 | |
| EQT Corp |
Opened
5,718
|
$211,966,000 | 0.11% |
| Moodys Corp |
Opened
533
|
$209,485,000 | 0.11% |
| Pfizer Inc. |
1.45%
7,487
|
$207,764,000 | 0.11% |
| Datadog Inc |
Closed
2,265
|
$206,319,000 | |
| Pioneer Nat Res Co |
6.25%
780
|
$204,750,000 | 0.11% |
| Verizon Communications Inc |
Opened
4,852
|
$203,586,000 | 0.11% |
| Cleanspark Inc |
Opened
9,500
|
$201,495,000 | 0.11% |
| Opera Ltd |
Closed
15,986
|
$180,162,000 | |
| PubMatic, Inc. |
Closed
14,147
|
$171,179,000 | |
| United Microelectronics Corp |
Closed
23,355
|
$164,886,000 | |
| Ford Mtr Co Del |
Closed
12,974
|
$161,135,000 | |
| AT&T, Inc. |
Closed
10,590
|
$159,055,000 | |
| Microvision Inc. |
7.01%
79,649
|
$146,554,000 | 0.08% |
| Nuveen Amt Free Mun Cr Inc F |
63.96%
10,756
|
$130,690,000 | 0.07% |
| Innoviz Technologies Ltd |
Closed
46,300
|
$90,285,000 | |
| Soundhound Ai Inc |
Closed
42,700
|
$85,827,000 | |
| Monogram Orthopaedics Inc |
Opened
34,400
|
$83,936,000 | 0.05% |
| Mesoblast Ltd |
Closed
64,150
|
$78,905,000 | |
| Adaptimmune Therapeutics Plc |
13.06%
26,620
|
$42,060,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 162 holdings | |||
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