Minneapolis Portfolio Management 13F annual report
Minneapolis Portfolio Management is an investment fund managing more than $739 billion ran by Harrison Grodnick. There are currently 28 companies in Mr. Grodnick’s portfolio. The largest investments include Simon Ppty Group Inc New and Corning, together worth $73.3 billion.
$739 billion Assets Under Management (AUM)
As of 22nd July 2024, Minneapolis Portfolio Management’s top holding is 241,557 shares of Simon Ppty Group Inc New currently worth over $36.7 billion and making up 5.0% of the portfolio value.
In addition, the fund holds 941,775 shares of Corning worth $36.6 billion, whose value grew 42.2% in the past six months.
The third-largest holding is General Mtrs Co worth $36 billion and the next is Orion S.A worth $35.8 billion, with 1,631,129 shares owned.
Currently, Minneapolis Portfolio Management's portfolio is worth at least $739 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 Minneapolis Portfolio Management
The Minneapolis Portfolio Management office and employees reside in Minneapolis, Minnesota. According to the last 13-F report filed with the SEC, Harrison Grodnick serves as the Chief Operating Officer at Minneapolis Portfolio Management.
Recent trades
In the most recent 13F filing, Minneapolis Portfolio Management revealed that it had opened a new position in
Pfizer and bought 810,053 shares worth $22.7 billion.
This means they effectively own approximately 0.1% of the company.
Pfizer makes up
100.0%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Corning by buying
3,179 additional shares.
This makes their stake in Corning total 941,775 shares worth $36.6 billion.
Corning dropped approximately 0.1% in the past year.
On the other hand, there are companies that Minneapolis Portfolio Management is getting rid of from its portfolio.
Minneapolis Portfolio Management closed its position in Fedex Corp on 29th July 2024.
It sold the previously owned 86,569 shares for $25.1 billion.
Harrison Grodnick also disclosed a decreased stake in Simon Ppty Group Inc New by approximately 0.1%.
This leaves the value of the investment at $36.7 billion and 241,557 shares.
One of the average hedge funds
The two most similar investment funds to Minneapolis Portfolio Management are Ashford Capital Management Inc and Falcon Wealth Planning. They manage $739 billion and $739 billion respectively.
Harrison Grodnick investment strategy
Minneapolis Portfolio Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Industrials — making up 27.2% of
the total portfolio value.
The fund focuses on investments in the United States as
60.7% 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
43% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $99.1 billion.
The complete list of Minneapolis Portfolio Management trades based on 13F SEC filings
These positions were updated on July 29th 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 |
|---|---|---|---|
| Simon Ppty Group Inc New |
1.10%
241,557
|
$36,668,353,000 | 4.96% |
| Corning, Inc. |
0.34%
941,775
|
$36,587,956,000 | 4.95% |
| General Mtrs Co |
0.91%
775,066
|
$36,009,566,000 | 4.87% |
| Orion S.A |
1.14%
1,631,129
|
$35,786,970,000 | 4.84% |
| Popular Inc. |
1.27%
402,815
|
$35,620,930,000 | 4.82% |
| Caterpillar Inc. |
1.33%
98,751
|
$32,893,926,000 | 4.45% |
| Qualcomm, Inc. |
0.98%
163,621
|
$32,590,050,000 | 4.41% |
| International Business Machs |
0.78%
187,222
|
$32,380,045,000 | 4.38% |
| Oracle Corp. |
0.82%
220,695
|
$31,162,134,000 | 4.22% |
| Crane Nxt Co |
0.49%
507,059
|
$31,143,564,000 | 4.21% |
| Newmont Corp |
0.96%
690,914
|
$28,928,569,000 | 3.91% |
| Sony Group Corp |
0.28%
328,984
|
$27,947,225,000 | 3.78% |
| Exxon Mobil Corp. |
0.41%
241,035
|
$27,747,949,000 | 3.76% |
| Coherent Corp |
0.89%
365,625
|
$26,493,188,000 | 3.59% |
| Parker-Hannifin Corp. |
0.84%
51,241
|
$25,918,210,000 | 3.51% |
| Boeing Co. |
1.07%
140,932
|
$25,651,033,000 | 3.47% |
| Terex Corp. |
1.04%
466,745
|
$25,596,319,000 | 3.46% |
| Fedex Corp |
Closed
86,569
|
$25,082,375,000 | |
| Deere & Co. |
1.14%
65,589
|
$24,506,018,000 | 3.32% |
| Canadian Pacific Kansas City |
0.09%
306,216
|
$24,108,386,000 | 3.26% |
| Us Bancorp Del |
0.41%
583,264
|
$23,155,581,000 | 3.13% |
| Generac Holdings Inc |
0.11%
174,492
|
$23,071,332,000 | 3.12% |
| Pfizer Inc. |
Opened
810,053
|
$22,665,283,000 | 3.07% |
| Cisco Sys Inc |
0.39%
469,107
|
$22,287,258,000 | 3.02% |
| Baker Hughes Company |
0.40%
587,245
|
$20,653,407,000 | 2.79% |
| Unitedhealth Group Inc |
Closed
38,528
|
$19,059,637,000 | |
| Kimberly-Clark Corp. |
Opened
125,280
|
$17,313,696,000 | 2.34% |
| BWX Technologies Inc |
Opened
177,813
|
$16,892,235,000 | 2.29% |
| Hewlett Packard Enterprise C |
Opened
702,608
|
$14,874,211,000 | 2.01% |
| Walgreens Boots Alliance Inc |
Closed
632,099
|
$13,710,227,000 | |
| Honeywell International Inc |
No change
1,350
|
$288,279,000 | 0.04% |
| No transactions found | |||
| Showing first 500 out of 31 holdings | |||
Hedge funds similar to Minneapolis Portfolio Management
- Jlb & Associates Inc
- Condire Management, L.P.
- Burns J W & Co Inc/ny
- Mark Asset Management L.P.
- Atlas Frm
- Redwood Investments
- Ashford Capital Management Inc
- Falcon Wealth Planning
- Proficio Capital Partners
- Keywise Capital Management (hk) Ltd
- Private Advisory
- Cloudalpha Capital Management hong Kong
- Baldwin Investment Management
- Waddell & Associates