Westbourne Investment Advisors 13F annual report
Westbourne Investment Advisors is an investment fund managing more than $276 million ran by Bruce Kromminga. There are currently 83 companies in Mr. Kromminga’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $39.8 million.
$276 million Assets Under Management (AUM)
As of 31st July 2024, Westbourne Investment Advisors’s top holding is 46,051 shares of Microsoft currently worth over $20.6 million and making up 7.5% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Westbourne Investment Advisors owns more than approximately 0.1% of the company.
In addition, the fund holds 91,428 shares of Apple Inc worth $19.3 million, whose value grew 10.5% in the past six months.
The third-largest holding is Alphabet Inc worth $19.4 million and the next is Meta Platforms Inc worth $14 million, with 27,785 shares owned.
Currently, Westbourne Investment Advisors's portfolio is worth at least $276 million. 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 Westbourne Investment Advisors
The Westbourne Investment Advisors office and employees reside in Annapolis, Maryland. According to the last 13-F report filed with the SEC, Bruce Kromminga serves as the Chief Compliance Officer at Westbourne Investment Advisors.
Recent trades
In the most recent 13F filing, Westbourne Investment Advisors revealed that it had increased its stake in
Valero and bought 348 additional shares worth around $52 thousand.
This means they effectively own approximately 0.1% of the company.
Valero makes up
67.3%
of the fund's Energy sector allocation and has grown its share price by 14.2% in the past year.
On the other hand, there are companies that Westbourne Investment Advisors is getting rid of from its portfolio.
Westbourne Investment Advisors closed its position in Brown-Forman on 7th August 2024.
It sold the previously owned 4,217 shares for $218 thousand.
Bruce Kromminga also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $20.6 million and 46,051 shares.
One of the smallest hedge funds
The two most similar investment funds to Westbourne Investment Advisors are Knott David M and Allstate Life Insurance Company. They manage $276 million and $276 million respectively.
Bruce Kromminga investment strategy
Westbourne Investment Advisors’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 31.7% of
the total portfolio value.
The fund focuses on investments in the United States as
55.4% 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
57% 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 $231 billion.
The complete list of Westbourne Investment Advisors trades based on 13F SEC filings
These positions were updated on August 7th 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 |
|---|---|---|---|
| Microsoft Corporation |
0.90%
46,051
|
$20,582,000 | 7.46% |
| Apple Inc |
2.37%
91,428
|
$19,256,000 | 6.98% |
| Alphabet Inc |
1.50%
106,186
|
$19,355,000 | 7.01% |
| Meta Platforms Inc |
0.87%
27,785
|
$14,010,000 | 5.08% |
| Uber Technologies Inc |
0.76%
187,352
|
$13,617,000 | 4.93% |
| Bank America Corp |
0.61%
257,357
|
$10,235,000 | 3.71% |
| Schwab Charles Corp |
0.61%
119,736
|
$8,823,000 | 3.20% |
| Goldman Sachs Group, Inc. |
1.04%
19,246
|
$8,705,000 | 3.15% |
| Morgan Stanley |
0.17%
76,312
|
$7,417,000 | 2.69% |
| Valero Energy Corp. |
0.74%
47,215
|
$7,401,000 | 2.68% |
| Booz Allen Hamilton Hldg Cor |
1.80%
46,440
|
$7,147,000 | 2.59% |
| Elevance Health Inc |
0.65%
11,971
|
$6,487,000 | 2.35% |
| Toast, Inc. |
0.45%
231,079
|
$5,955,000 | 2.16% |
| Netflix Inc. |
1.09%
8,778
|
$5,924,000 | 2.15% |
| Home Depot, Inc. |
0.12%
16,918
|
$5,824,000 | 2.11% |
| Expedia Group Inc |
0.43%
43,651
|
$5,500,000 | 1.99% |
| Accenture Plc Ireland |
0.55%
17,852
|
$5,416,000 | 1.96% |
| Snap Inc |
2.58%
324,879
|
$5,396,000 | 1.96% |
| Paychex Inc. |
0.15%
45,137
|
$5,351,000 | 1.94% |
| Salesforce Inc |
1.14%
20,674
|
$5,315,000 | 1.93% |
| Amazon.com Inc. |
0.74%
27,391
|
$5,293,000 | 1.92% |
| Methanex Corp. |
0.68%
108,817
|
$5,252,000 | 1.90% |
| Ferguson Plc New |
0.29%
25,701
|
$4,977,000 | 1.80% |
| Citigroup Inc |
0.79%
77,928
|
$4,945,000 | 1.79% |
| Schwab Strategic Tr |
9.82%
84,664
|
$7,530,000 | 2.73% |
| Lyondellbasell Industries N |
2.02%
49,169
|
$4,704,000 | 1.70% |
| Centene Corp. |
0.61%
69,183
|
$4,587,000 | 1.66% |
| Chubb Limited |
0.25%
17,291
|
$4,411,000 | 1.60% |
| Bumble Inc |
2.71%
350,841
|
$3,687,000 | 1.34% |
| DocuSign Inc |
0.10%
47,814
|
$2,558,000 | 0.93% |
| Exxon Mobil Corp. |
9.49%
15,605
|
$1,796,000 | 0.65% |
| JPMorgan Chase & Co. |
0.80%
8,485
|
$1,716,000 | 0.62% |
| Lowes Cos Inc |
1.36%
7,770
|
$1,713,000 | 0.62% |
| Pepsico Inc |
0.39%
10,350
|
$1,707,000 | 0.62% |
| Philip Morris International Inc |
No change
16,204
|
$1,642,000 | 0.59% |
| Unitedhealth Group Inc |
1.94%
3,126
|
$1,592,000 | 0.58% |
| Spdr S&p 500 Etf Tr |
4.07%
2,814
|
$1,531,000 | 0.55% |
| Eli Lilly & Co |
No change
1,618
|
$1,465,000 | 0.53% |
| Procter And Gamble Co |
No change
8,150
|
$1,344,000 | 0.49% |
| Moodys Corp |
9.06%
3,111
|
$1,310,000 | 0.47% |
| Abbvie Inc |
1.32%
7,500
|
$1,286,000 | 0.47% |
| Conocophillips |
7.69%
10,200
|
$1,167,000 | 0.42% |
| Visa Inc |
No change
4,429
|
$1,162,000 | 0.42% |
| Johnson & Johnson |
No change
7,579
|
$1,108,000 | 0.40% |
| Merck & Co Inc |
No change
8,425
|
$1,043,000 | 0.38% |
| Select Sector Spdr Tr |
10.69%
28,359
|
$1,633,000 | 0.59% |
| Capital One Finl Corp |
1.20%
6,585
|
$912,000 | 0.33% |
| Phillips 66 |
No change
5,880
|
$830,000 | 0.30% |
| Ishares Tr |
0.13%
1,485
|
$812,000 | 0.29% |
| Abbott Labs |
No change
7,766
|
$807,000 | 0.29% |
| Mcdonalds Corp |
No change
2,881
|
$734,000 | 0.27% |
| Altria Group Inc. |
No change
16,099
|
$733,000 | 0.27% |
| Norfolk Southn Corp |
No change
3,372
|
$724,000 | 0.26% |
| Fiserv, Inc. |
No change
4,815
|
$718,000 | 0.26% |
| Mondelez International Inc. |
No change
10,725
|
$702,000 | 0.25% |
| Applied Matls Inc |
1.66%
2,965
|
$700,000 | 0.25% |
| Union Pac Corp |
No change
2,851
|
$645,000 | 0.23% |
| American Express Co. |
No change
2,398
|
$555,000 | 0.20% |
| Pfizer Inc. |
No change
19,810
|
$554,000 | 0.20% |
| Coca-Cola Co |
No change
8,615
|
$548,000 | 0.20% |
| Honeywell International Inc |
No change
2,540
|
$542,000 | 0.20% |
| Eaton Corp Plc |
No change
1,708
|
$536,000 | 0.19% |
| Air Prods & Chems Inc |
No change
1,800
|
$464,000 | 0.17% |
| Disney Walt Co |
No change
4,591
|
$456,000 | 0.17% |
| Intel Corp. |
2.26%
12,989
|
$402,000 | 0.15% |
| CSX Corp. |
1.22%
11,375
|
$380,000 | 0.14% |
| L3Harris Technologies Inc |
No change
1,600
|
$359,000 | 0.13% |
| CVS Health Corp |
3.57%
5,809
|
$343,000 | 0.12% |
| Boeing Co. |
7.63%
1,817
|
$331,000 | 0.12% |
| Thomson-Reuters Corp |
No change
1,939
|
$327,000 | 0.12% |
| Invesco Exchange Traded Fd T |
0.36%
1,936
|
$318,000 | 0.12% |
| Thermo Fisher Scientific Inc. |
No change
568
|
$314,000 | 0.11% |
| GE Aerospace |
No change
1,970
|
$313,000 | 0.11% |
| Aon plc. |
No change
900
|
$264,000 | 0.10% |
| Walmart Inc |
1.41%
3,849
|
$261,000 | 0.09% |
| General Mls Inc |
No change
4,000
|
$253,000 | 0.09% |
| Oneok Inc. |
No change
3,000
|
$245,000 | 0.09% |
| Carlyle Group Inc (The) |
No change
5,500
|
$221,000 | 0.08% |
| Brown-Forman Corporation |
Closed
4,217
|
$218,000 | |
| Yum Brands Inc. |
50.00%
1,585
|
$210,000 | 0.08% |
| Bristol-Myers Squibb Co. |
25.46%
4,977
|
$207,000 | 0.07% |
| J P Morgan Exchange Traded F |
15.10%
4,075
|
$206,000 | 0.07% |
| 3M Co. |
No change
2,020
|
$206,000 | 0.07% |
| Schlumberger Ltd. |
Closed
3,725
|
$204,000 | |
| Trust For Professional Manag |
No change
29,839
|
$0 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 85 holdings | |||
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