Partnership Wealth Management 13F annual report
Partnership Wealth Management is an investment fund managing more than $135 billion ran by Ellwood Derricks. There are currently 211 companies in Mr. Derricks’s portfolio. The largest investments include Eli Lilly Co Com and Ishares Russell 1000 Growth Etf, together worth $32.8 billion.
Limited to 30 biggest holdings
$135 billion Assets Under Management (AUM)
As of 26th June 2024, Partnership Wealth Management’s top holding is 23,150 shares of Eli Lilly Co Com currently worth over $21 billion and making up 15.5% of the portfolio value.
In addition, the fund holds 32,414 shares of Ishares Russell 1000 Growth Etf worth $11.8 billion.
The third-largest holding is Spdr Portfolio Sp 500 Value Etf worth $10.7 billion and the next is Invesco Sp 500 Equal Weight Etf worth $5.98 billion, with 36,402 shares owned.
Currently, Partnership Wealth Management's portfolio is worth at least $135 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 Partnership Wealth Management
The Partnership Wealth Management office and employees reside in Towson, Maryland. According to the last 13-F report filed with the SEC, Ellwood Derricks serves as the President at Partnership Wealth Management.
Recent trades
In the most recent 13F filing, Partnership Wealth Management revealed that it had opened a new position in
Novo-nordisk A S Adr and bought 9,893 shares worth $1.41 billion.
The investment fund also strengthened its position in Eli Lilly Co Com by buying
1,450 additional shares.
This makes their stake in Eli Lilly Co Com total 23,150 shares worth $21 billion.
On the other hand, there are companies that Partnership Wealth Management is getting rid of from its portfolio.
Partnership Wealth Management closed its position in Capri Holdings Limited Shs on 3rd July 2024.
It sold the previously owned 5,620 shares for $255 million.
Ellwood Derricks also disclosed a decreased stake in Ishares Core Sp Mid-cap Etf by 0.2%.
This leaves the value of the investment at $3.48 billion and 59,523 shares.
One of the smallest hedge funds
The two most similar investment funds to Partnership Wealth Management are Spectrum Investment Advisors and Shearwater Capital. They manage $135 billion and $135 billion respectively.
Ellwood Derricks investment strategy
Partnership Wealth Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 5.3% of
the total portfolio value.
The fund focuses on investments in the United States as
27.0% 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
18% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $116 billion.
The complete list of Partnership Wealth Management trades based on 13F SEC filings
These positions were updated on July 3rd 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 |
|---|---|---|---|
| Eli Lilly Co Com |
6.68%
23,150
|
$20,959,547,000 | 15.47% |
| Ishares Russell 1000 Growth Etf |
114.72%
32,414
|
$11,815,396,000 | 8.72% |
| Spdr Portfolio Sp 500 Value Etf |
126.22%
219,046
|
$10,676,289,000 | 7.88% |
| Invesco Sp 500 Equal Weight Etf |
22,370.37%
36,402
|
$5,980,121,000 | 4.42% |
| Microsoft Corp Com |
51.87%
9,419
|
$4,209,890,000 | 3.11% |
| Ishares Core Sp Mid-cap Etf |
15.96%
59,523
|
$3,483,312,000 | 2.57% |
| Ishares Core Sp Small Cap Etf |
12.78%
29,396
|
$3,135,410,000 | 2.31% |
| Diamondback Energy Inc |
No change
10,576
|
$2,117,209,000 | 1.56% |
| Hanesbrands Inc |
36.53%
426,663
|
$2,103,446,000 | 1.55% |
| Pepsico Inc Com |
No change
12,083
|
$1,992,849,000 | 1.47% |
| Schwab Charles Family Fd Amt Tax Free Mny |
78.86%
1,836,225
|
$1,836,225,000 | 1.36% |
| Trane Technologies Plc Shs |
No change
5,250
|
$1,726,883,000 | 1.27% |
| Norfolk Southn Corp Com |
No change
8,035
|
$1,725,034,000 | 1.27% |
| V F Corp Com |
19.72%
127,357
|
$1,719,315,000 | 1.27% |
| Nvidia Corporation Com |
45,963.33%
13,819
|
$1,707,199,000 | 1.26% |
| Colgate Palmolive Co Com |
No change
17,254
|
$1,674,328,000 | 1.24% |
| Nordstrom, Inc. |
39.23%
76,526
|
$1,623,889,000 | 1.20% |
| Core Laboratories Inc |
37.86%
78,136
|
$1,585,384,000 | 1.17% |
| Abbott Labs Com |
No change
14,927
|
$1,551,065,000 | 1.15% |
| Bristol-myers Squibb Co Com |
21.22%
36,718
|
$1,524,893,000 | 1.13% |
| Johnson Johnson Com |
0.83%
10,000
|
$1,461,600,000 | 1.08% |
| Illumina Inc |
8.83%
13,919
|
$1,452,865,000 | 1.07% |
| Price T Rowe Group Inc Com |
27.75%
12,546
|
$1,446,713,000 | 1.07% |
| Advance Auto Parts Inc |
35.11%
22,610
|
$1,431,891,000 | 1.06% |
| Novo-nordisk A S Adr |
Opened
9,893
|
$1,412,127,000 | 1.04% |
| Intel Corp Com |
27.10%
44,863
|
$1,389,413,000 | 1.03% |
| Proto Labs Inc |
32.35%
42,213
|
$1,303,960,000 | 0.96% |
| Medtronic Plc Shs |
26.55%
16,491
|
$1,298,007,000 | 0.96% |
| Ppg Inds Inc Com |
No change
10,000
|
$1,258,900,000 | 0.93% |
| Lauder Estee Cos Inc Cl A |
Opened
11,202
|
$1,191,893,000 | 0.88% |
| Fluor Corp New Com |
41.09%
26,152
|
$1,138,928,000 | 0.84% |
| Procter And Gamble Co Com |
3.17%
6,738
|
$1,111,214,000 | 0.82% |
| Strategic Ed Inc Com |
47.91%
9,901
|
$1,095,642,000 | 0.81% |
| Ipg Photonics Corp Com |
28.36%
12,580
|
$1,061,626,000 | 0.78% |
| Apple Inc |
0.02%
4,872
|
$1,026,128,000 | 0.76% |
| NOV Inc |
41.83%
53,872
|
$1,024,102,000 | 0.76% |
| Chevron Corp New Com |
No change
5,900
|
$922,878,000 | 0.68% |
| Fox Factory Hldg Corp Com |
15.70%
19,093
|
$920,092,000 | 0.68% |
| RPC, Inc. |
39.05%
147,002
|
$918,763,000 | 0.68% |
| Emerson Elec Co Com |
No change
8,193
|
$902,541,000 | 0.67% |
| Constellation Energy Corp Com |
No change
4,489
|
$899,012,000 | 0.66% |
| Pfizer Inc. |
No change
29,452
|
$824,067,000 | 0.61% |
| Cencora Inc. |
No change
3,600
|
$811,080,000 | 0.60% |
| Mcdonalds Corp Com |
No change
3,114
|
$793,673,000 | 0.59% |
| Spdr Portfolio Developed World Ex-us Etf |
11.30%
21,978
|
$770,980,000 | 0.57% |
| Fedex Corp Com |
No change
2,100
|
$629,664,000 | 0.46% |
| Spdr Sp 500 Etf Trust |
22.39%
1,104
|
$600,689,000 | 0.44% |
| Mohawk Inds Inc Com |
31.21%
5,227
|
$593,735,000 | 0.44% |
| American Express Co Com |
9.08%
2,503
|
$579,460,000 | 0.43% |
| Mccormick Co Inc Com Non Vtg |
No change
8,000
|
$567,520,000 | 0.42% |
| NextEra Energy Inc |
No change
8,000
|
$566,480,000 | 0.42% |
| Meta Platforms Inc |
35.27%
1,092
|
$550,629,000 | 0.41% |
| Vertex Pharmaceuticals, Inc. |
33.68%
1,158
|
$542,543,000 | 0.40% |
| Air Prods Chems Inc Com |
No change
2,000
|
$516,100,000 | 0.38% |
| Automatic Data Processing Inc. |
2.39%
2,043
|
$487,644,000 | 0.36% |
| Att Inc Com |
No change
24,858
|
$475,036,000 | 0.35% |
| Exelon Corp Com |
No change
13,467
|
$466,093,000 | 0.34% |
| Cisco Sys Inc Com |
No change
9,700
|
$460,847,000 | 0.34% |
| Semtech Corp Com |
49.75%
15,413
|
$460,540,000 | 0.34% |
| Ingersoll-Rand Inc |
No change
4,790
|
$435,124,000 | 0.32% |
| Abbvie Inc |
No change
2,349
|
$402,900,000 | 0.30% |
| Dril-Quip, Inc. |
6.79%
21,381
|
$397,687,000 | 0.29% |
| iShares MSCI EAFE Small-Cap ETF |
9.32%
6,413
|
$395,321,000 | 0.29% |
| WEC Energy Group Inc |
No change
4,900
|
$384,454,000 | 0.28% |
| Albemarle Corp Com |
No change
4,000
|
$382,080,000 | 0.28% |
| General Mls Inc Com |
0.53%
6,000
|
$379,560,000 | 0.28% |
| Upbound Group Inc |
35.76%
12,103
|
$371,566,000 | 0.27% |
| Kellanova Com |
No change
6,300
|
$363,384,000 | 0.27% |
| Sysco Corp Com |
No change
5,000
|
$356,950,000 | 0.26% |
| Boston Beer Co., Inc. |
17.48%
1,138
|
$347,147,000 | 0.26% |
| Kimberly-clark Corp Com |
No change
2,500
|
$345,500,000 | 0.26% |
| Masco Corp Com |
No change
5,000
|
$333,350,000 | 0.25% |
| Bath Body Works Inc Com |
47.49%
8,248
|
$322,097,000 | 0.24% |
| Vanguard Small-cap Etf |
11.14%
1,475
|
$321,544,000 | 0.24% |
| Verizon Communications Inc |
No change
7,442
|
$306,908,000 | 0.23% |
| Spdr Portfolio Sp 1500 Composite Stock Market Etf |
35.46%
4,556
|
$302,267,000 | 0.22% |
| Rtx Corporation Com |
No change
2,725
|
$273,586,000 | 0.20% |
| Coca Cola Co Com |
No change
4,200
|
$267,330,000 | 0.20% |
| Spdr Portfolio Emerging Markets Etf |
0.81%
7,096
|
$267,322,000 | 0.20% |
| Hasbro, Inc. |
24.46%
4,510
|
$263,835,000 | 0.19% |
| Duke Energy Corp New Com New |
No change
2,612
|
$261,801,000 | 0.19% |
| Capri Holdings Limited Shs |
Closed
5,620
|
$254,586,000 | |
| Corning, Inc. |
No change
6,500
|
$252,525,000 | 0.19% |
| Merck Co Inc Com |
5.88%
2,000
|
$247,600,000 | 0.18% |
| Tenaris S A Sponsored Ads |
29.87%
7,925
|
$241,865,000 | 0.18% |
| Fidelity Msci Health Care Index Etf |
186.91%
3,506
|
$240,484,000 | 0.18% |
| Incyte Corp Com |
17.53%
3,947
|
$239,267,000 | 0.18% |
| Campbell Soup Co Com |
No change
5,200
|
$234,988,000 | 0.17% |
| HP Inc |
No change
6,400
|
$224,128,000 | 0.17% |
| Lowes Cos Inc Com |
No change
1,000
|
$220,460,000 | 0.16% |
| Allegion Plc Ord Shs |
No change
1,801
|
$212,788,000 | 0.16% |
| Vontier Corporation Com |
28.44%
5,393
|
$205,999,000 | 0.15% |
| 3m Co Com |
No change
2,000
|
$204,380,000 | 0.15% |
| Buckle, Inc. |
51.36%
5,262
|
$194,383,000 | 0.14% |
| Entergy Corp New Com |
Opened
1,800
|
$192,600,000 | 0.14% |
| Home Depot, Inc. |
No change
545
|
$187,611,000 | 0.14% |
| Imax Corp Com |
16.08%
10,852
|
$181,988,000 | 0.13% |
| Affiliated Managers Group Inc. |
36.04%
1,070
|
$167,159,000 | 0.12% |
| Ecolab, Inc. |
No change
700
|
$166,600,000 | 0.12% |
| Polaris Inc |
No change
2,044
|
$160,066,000 | 0.12% |
| Spdr Portfolio Sp 500 Etf |
Opened
2,500
|
$160,000,000 | 0.12% |
| Carrier Global Corporation Com |
No change
2,528
|
$159,456,000 | 0.12% |
| Delta Air Lines Inc Del Com New |
46.45%
3,315
|
$157,249,000 | 0.12% |
| First Trust Water Etf |
7.89%
1,553
|
$155,221,000 | 0.11% |
| Ugi Corp New Com |
No change
6,750
|
$154,575,000 | 0.11% |
| Enphase Energy Inc |
No change
1,545
|
$154,052,000 | 0.11% |
| Spdr Portfolio Sp 500 Growth Etf |
0.11%
1,867
|
$149,634,000 | 0.11% |
| Amazon.com Inc. |
No change
760
|
$146,870,000 | 0.11% |
| Philip Morris Intl Inc Com |
0.29%
1,401
|
$141,998,000 | 0.10% |
| Apogee Enterprises Inc. |
60.78%
2,161
|
$135,813,000 | 0.10% |
| Biogen Inc |
90.83%
580
|
$134,456,000 | 0.10% |
| Invesco Qqq Trust Series I |
No change
280
|
$134,151,000 | 0.10% |
| Texas Instrs Inc Com |
No change
638
|
$124,110,000 | 0.09% |
| Clorox Co Del Com |
No change
900
|
$122,823,000 | 0.09% |
| Alphabet Inc Cap Stk Cl A |
No change
570
|
$103,844,000 | 0.08% |
| Invesco Sp 500 Quality Etf |
No change
1,590
|
$101,004,000 | 0.07% |
| Vanguard Mid-cap Etf |
No change
409
|
$99,133,000 | 0.07% |
| Ishares Msci Eafe Etf |
5.28%
1,257
|
$98,423,000 | 0.07% |
| Mondelez International Inc. |
0.35%
1,443
|
$94,408,000 | 0.07% |
| Tesla Inc |
9.65%
468
|
$92,608,000 | 0.07% |
| Southwest Airls Co Com |
63.47%
3,218
|
$92,079,000 | 0.07% |
| Allstate Corp Com |
No change
556
|
$88,771,000 | 0.07% |
| Proshares Sp 500 Dividend Aristocrats Etf |
No change
884
|
$84,979,000 | 0.06% |
| First Trust Health Care Alphadex Fund |
80.14%
779
|
$81,372,000 | 0.06% |
| American Woodmark Corporation Com |
35.61%
1,027
|
$80,722,000 | 0.06% |
| Becton Dickinson Co Com |
0.88%
344
|
$80,361,000 | 0.06% |
| iShares Global Infrastructure ETF |
No change
1,671
|
$80,074,000 | 0.06% |
| Fresenius Medical Care Ag Sponsored Adr |
96.47%
4,150
|
$79,230,000 | 0.06% |
| Phillips 66 Com |
No change
550
|
$77,644,000 | 0.06% |
| Carnival Corp Paired Ctf |
No change
4,065
|
$76,097,000 | 0.06% |
| Thermo Fisher Scientific Inc. |
No change
119
|
$65,893,000 | 0.05% |
| Qualcomm, Inc. |
No change
330
|
$65,729,000 | 0.05% |
| Fossil Group Inc |
No change
44,722
|
$64,400,000 | 0.05% |
| Ishares Russell 2000 Etf |
No change
315
|
$63,910,000 | 0.05% |
| Ollies Bargain Outlet Hldgs In Com |
31.02%
645
|
$63,320,000 | 0.05% |
| Altria Group Inc. |
0.44%
1,370
|
$62,411,000 | 0.05% |
| Canadian Natl Ry Co Com |
No change
525
|
$62,027,000 | 0.05% |
| Childrens Pl Inc New Com |
94.52%
7,100
|
$57,794,000 | 0.04% |
| First Trust Large Cap Core AlphaDEX Fund |
No change
584
|
$56,642,000 | 0.04% |
| Westrock Co Com |
No change
1,106
|
$55,588,000 | 0.04% |
| First Trust Dorsey Wright Focus 5 ETF |
No change
950
|
$54,403,000 | 0.04% |
| Exxon Mobil Corp Com |
No change
450
|
$51,804,000 | 0.04% |
| Cvs Health Corp Com |
75.47%
876
|
$51,710,000 | 0.04% |
| Canadian Pacific Kansas City Com |
No change
642
|
$50,546,000 | 0.04% |
| Spdr Portfolio Sp 600 Small Cap Etf |
0.26%
1,164
|
$48,329,000 | 0.04% |
| Schwab Charles Corp Com |
No change
650
|
$47,899,000 | 0.04% |
| Mckesson Corp Com |
55.80%
80
|
$46,723,000 | 0.03% |
| Lockheed Martin Corp Com |
No change
100
|
$46,710,000 | 0.03% |
| First Trust NASDAQ Cybersecurity ETF |
No change
823
|
$46,434,000 | 0.03% |
| Morgan Stanley Com New |
No change
468
|
$45,485,000 | 0.03% |
| Target Corp Com |
0.34%
291
|
$43,012,000 | 0.03% |
| Reliance Inc. |
No change
150
|
$42,840,000 | 0.03% |
| Lam Research Corp Com |
No change
40
|
$42,594,000 | 0.03% |
| Jpmorgan Chase Co. Com |
No change
207
|
$41,868,000 | 0.03% |
| Spdr Dow Jones Industrial Average Etf Trust |
No change
104
|
$40,678,000 | 0.03% |
| Walmart Inc |
No change
546
|
$36,970,000 | 0.03% |
| Ishares Sp Mid-cap 400 Growth Etf |
No change
392
|
$34,539,000 | 0.03% |
| Five Below Inc |
2,000.00%
315
|
$34,326,000 | 0.03% |
| Disney Walt Co Com |
No change
340
|
$33,759,000 | 0.02% |
| Big Lots Inc |
95.99%
19,209
|
$33,232,000 | 0.02% |
| Alphabet Inc Cap Stk Cl C |
No change
180
|
$33,034,000 | 0.02% |
| Adient Plc Ord Shs |
47.50%
1,260
|
$31,135,000 | 0.02% |
| Discover Finl Svcs Com |
No change
234
|
$30,610,000 | 0.02% |
| Ishares Russell 1000 Value Etf |
0.59%
171
|
$29,832,000 | 0.02% |
| Caterpillar Inc. |
No change
88
|
$29,313,000 | 0.02% |
| Ishares Sp Mid-cap 400 Value Etf |
No change
252
|
$28,592,000 | 0.02% |
| Mattel, Inc. |
49.42%
1,730
|
$28,130,000 | 0.02% |
| Sabre Corp Com |
98.73%
10,335
|
$27,594,000 | 0.02% |
| Solventum Corp Com Shs |
Opened
500
|
$26,440,000 | 0.02% |
| Wk Kellogg Co Com Shs |
No change
1,575
|
$25,925,000 | 0.02% |
| Regeneron Pharmaceuticals Com |
58.18%
23
|
$24,174,000 | 0.02% |
| Baxter Intl Inc Com |
No change
589
|
$19,702,000 | 0.01% |
| Copart, Inc. |
No change
362
|
$19,606,000 | 0.01% |
| Costco Whsl Corp New Com |
No change
23
|
$19,550,000 | 0.01% |
| Waste Mgmt Inc Del Com |
No change
88
|
$18,774,000 | 0.01% |
| Ishares Biotechnology Etf |
No change
130
|
$17,844,000 | 0.01% |
| Baker Hughes Company Cl A |
No change
500
|
$17,585,000 | 0.01% |
| Paychex Inc. |
No change
147
|
$17,428,000 | 0.01% |
| Union Pac Corp Com |
No change
75
|
$16,970,000 | 0.01% |
| Boeing Co Com |
No change
88
|
$16,017,000 | 0.01% |
| AMGEN Inc. |
No change
50
|
$15,623,000 | 0.01% |
| Ishares Core Dividend Growth Etf |
No change
264
|
$15,209,000 | 0.01% |
| Sap Se Spon Adr |
65.00%
70
|
$14,120,000 | 0.01% |
| Monster Beverage Corp New Com |
No change
280
|
$13,986,000 | 0.01% |
| Clene Inc Common Stock |
No change
37,500
|
$13,358,000 | 0.01% |
| Gatx Corp Com |
No change
100
|
$13,236,000 | 0.01% |
| Dow Inc |
No change
249
|
$13,209,000 | 0.01% |
| United Parcel Service, Inc. |
No change
92
|
$12,590,000 | 0.01% |
| BorgWarner Inc |
40.91%
390
|
$12,574,000 | 0.01% |
| Visa Inc |
No change
44
|
$11,549,000 | 0.01% |
| Unitedhealth Group Inc |
Opened
22
|
$11,204,000 | 0.01% |
| Stanley Black Decker Inc Com |
No change
135
|
$10,785,000 | 0.01% |
| Vanguard Ftse Developed Markets Etf |
56.22%
218
|
$10,783,000 | 0.01% |
| Hilltop Holdings Inc |
0.61%
332
|
$10,388,000 | 0.01% |
| Csx Corp Com |
No change
300
|
$10,035,000 | 0.01% |
| Nike, Inc. |
Closed
106
|
$9,962,000 | |
| Bank America Corp Com |
1.30%
233
|
$9,269,000 | 0.01% |
| Starbucks Corp Com |
No change
119
|
$9,264,000 | 0.01% |
| Bjs Whsl Club Hldgs Inc Com |
No change
100
|
$8,784,000 | 0.01% |
| Paramount Global Class B Com |
99.65%
827
|
$8,593,000 | 0.01% |
| Sleep Number Corp Com |
99.62%
880
|
$8,422,000 | 0.01% |
| DocuSign Inc |
No change
150
|
$8,025,000 | 0.01% |
| Smucker J M Co Com New |
Closed
45
|
$5,664,000 | |
| Hershey Co Com |
Closed
29
|
$5,641,000 | |
| Lyft Inc |
No change
400
|
$5,640,000 | 0.00% |
| Vanguard Ftse Emerging Markets Etf |
1.01%
100
|
$4,361,000 | 0.00% |
| Honeywell Intl Inc Com |
No change
20
|
$4,271,000 | 0.00% |
| Solaredge Technologies Inc |
No change
155
|
$3,915,000 | 0.00% |
| Quantumscape Corp Com Cl A |
No change
790
|
$3,887,000 | 0.00% |
| Mastercard Incorporated |
No change
7
|
$3,088,000 | 0.00% |
| Otis Worldwide Corp Com |
No change
12
|
$1,120,000 | 0.00% |
| Proshares Ultrashort Real Estate |
No change
36
|
$545,000 | 0.00% |
| United States Natural Gas Fund Lp |
No change
4
|
$70,000 | 0.00% |
| PENN Entertainment Inc |
No change
3
|
$58,000 | 0.00% |
| Heliogen Inc Com New |
Closed
28
|
$41,000 | |
| Bowflex Inc Com |
No change
9,000
|
$19,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 216 holdings | |||
Hedge funds similar to Partnership Wealth Management
- Pacific Financial Group Inc
- First Affirmative Network
- Defined Wealth Management
- Axiom Advisory
- Advantage Trust Co
- Wealthcollab
- Shearwater Capital
- Spectrum Investment Advisors
- Creegan & Nassoura
- Blue Creek Capital Management Ltd
- Wrenne Planning
- Lfa - Lugano Advisors S.A.
- Twin Lakes Capital Management
- Lhm, Inc