Strategic Wealth Management 13F annual report

Strategic Wealth Management is an investment fund managing more than $273 million ran by Michael Priore. There are currently 92 companies in Mr. Priore’s portfolio. The largest investments include Schwab Strategic Tr and Ishares Tr, together worth $163 million.

Limited to 30 biggest holdings

$273 million Assets Under Management (AUM)

As of 6th August 2021, Strategic Wealth Management’s top holding is 847,154 shares of Schwab Strategic Tr currently worth over $63.1 million and making up 23.1% of the portfolio value. In addition, the fund holds 741,904 shares of Ishares Tr worth $99.6 million. The third-largest holding is Vanguard World Fds worth $11.3 million and the next is Apple Inc worth $10.2 million, with 74,202 shares owned.

Currently, Strategic Wealth Management's portfolio is worth at least $273 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 Strategic Wealth Management

The Strategic Wealth Management office and employees reside in Fulton, Maryland. According to the last 13-F report filed with the SEC, Michael Priore serves as the Chief Compliance Officer at Strategic Wealth Management.

Recent trades

In the most recent 13F filing, Strategic Wealth Management revealed that it had opened a new position in Vanguard Index Fds and bought 7,172 shares worth $1.35 million.

The investment fund also strengthened its position in Ishares Tr by buying 29,594 additional shares. This makes their stake in Ishares Tr total 741,904 shares worth $99.6 million.

On the other hand, there are companies that Strategic Wealth Management is getting rid of from its portfolio. Strategic Wealth Management closed its position in Novavax on 13th August 2021. It sold the previously owned 13,221 shares for $2.4 million. Michael Priore also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%. This leaves the value of the investment at $63.1 million and 847,154 shares.

One of the smallest hedge funds

The two most similar investment funds to Strategic Wealth Management are Blume Capital Management and Riversedge Advisors. They manage $273 million and $274 million respectively.


Michael Priore investment strategy

Strategic Wealth Management’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 7.7% of the total portfolio value. The fund focuses on investments in the United States as 41.3% 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 39% of the total holdings value. On the other hand, small-cap stocks make up only 2.2% of the portfolio. The average market cap of the portfolio companies is close to $392 billion.

The complete list of Strategic Wealth Management trades based on 13F SEC filings

These positions were updated on August 13th 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
Schwab Strategic Tr
3.51%
847,154
$63,107,000 23.08%
Ishares Tr
4.15%
741,904
$99,622,000 36.44%
Vanguard World Fds
0.90%
62,865
$11,348,000 4.15%
Apple Inc
12.55%
74,202
$10,163,000 3.72%
Vanguard Index Fds
9.89%
31,765
$7,377,000 2.70%
Amazon.com Inc.
7.08%
1,654
$5,690,000 2.08%
Vanguard Star Fds
145.62%
65,002
$4,269,000 1.56%
Chesapeake Utils Corp
22.48%
29,061
$3,497,000 1.28%
Invesco Exch Trd Slf Idx Fd
18.70%
361,792
$8,348,000 3.05%
Facebook Inc
3.35%
8,482
$2,949,000 1.08%
Price T Rowe Group Inc
0.01%
14,152
$2,802,000 1.02%
PayPal Holdings Inc
3.45%
8,640
$2,518,000 0.92%
Novavax, Inc.
Closed
13,221
$2,397,000
Spdr Ser Tr
173.15%
75,189
$2,353,000 0.86%
Home Depot, Inc.
13.02%
6,395
$2,039,000 0.75%
Spdr Sp 500 Etf Tr
6.62%
4,737
$2,028,000 0.74%
Microsoft Corporation
16.61%
7,199
$1,950,000 0.71%
Global X Fds
22.25%
39,594
$1,384,000 0.51%
Johnson Johnson
6.20%
8,363
$1,378,000 0.50%
Invesco Exch Traded Fd Tr Ii
286.19%
40,986
$1,360,000 0.50%
Mcdonalds Corp
11.75%
5,865
$1,355,000 0.50%
Vanguard Index Fds
Opened
7,172
$1,353,000 0.49%
Salesforce.Com Inc
1.81%
5,194
$1,269,000 0.46%
Nike, Inc.
7.93%
7,598
$1,174,000 0.43%
Procter And Gamble Co
29.45%
8,221
$1,109,000 0.41%
Bk Of America Corp
0.10%
26,587
$1,096,000 0.40%
Exxon Mobil Corp.
14.16%
16,694
$1,053,000 0.39%
Starbucks Corp.
38.21%
9,123
$1,020,000 0.37%
Sandy Spring Bancorp
1.99%
22,714
$1,002,000 0.37%
Blackstone Group Inc
0.01%
9,468
$920,000 0.34%
Dover Corp.
19.08%
5,599
$843,000 0.31%
Berkshire Hathaway Inc.
9.19%
2,993
$832,000 0.30%
Tesla Inc
0.17%
1,182
$803,000 0.29%
Merck Co Inc
2.12%
9,745
$758,000 0.28%
Northrop Grumman Corp.
0.29%
2,040
$742,000 0.27%
Spdr Gold Tr
0.29%
4,435
$735,000 0.27%
Vanguard Tax-managed Intl Fd
2.68%
13,808
$711,000 0.26%
Spdr Sp Midcap 400 Etf Tr
No change
1,423
$699,000 0.26%
International Business Machs
18.95%
4,285
$628,000 0.23%
Chevron Corp.
2.20%
5,997
$628,000 0.23%
3M Co.
0.38%
3,137
$623,000 0.23%
Vanguard World Fd
No change
7,488
$599,000 0.22%
Activision Blizzard Inc
1.60%
6,255
$597,000 0.22%
CSX Corp.
199.59%
17,649
$566,000 0.21%
Verizon Communications Inc
18.11%
9,971
$559,000 0.20%
Att Inc
15.56%
19,242
$554,000 0.20%
Walmart Inc
4.08%
3,837
$541,000 0.20%
Vanguard Malvern Fds
No change
9,844
$516,000 0.19%
Icu Med Inc
No change
2,500
$515,000 0.19%
Cisco Sys Inc
9.76%
9,620
$510,000 0.19%
Waste Mgmt Inc Del
No change
3,566
$500,000 0.18%
Louisiana Pac Corp
0.22%
7,586
$457,000 0.17%
Intel Corp.
30.34%
7,941
$446,000 0.16%
Coca-Cola Co
25.73%
8,167
$442,000 0.16%
Ishares Inc
11.73%
6,578
$441,000 0.16%
Stryker Corp.
0.24%
1,693
$440,000 0.16%
Select Sector Spdr Tr
30.26%
9,863
$670,000 0.25%
Ishares Tr
Opened
14,642
$637,000 0.23%
Costco Whsl Corp New
12.36%
1,042
$412,000 0.15%
Wisdomtree Tr
4.57%
7,735
$405,000 0.15%
Disney Walt Co
17.48%
2,276
$400,000 0.15%
Philip Morris International Inc
Closed
4,415
$392,000
Ishares Tr
Closed
7,465
$387,000
NantKwest Inc
Closed
15,926
$378,000
Pepsico Inc
44.72%
2,520
$373,000 0.14%
Morgan Stanley
14.87%
3,985
$365,000 0.13%
Pnc Finl Svcs Group Inc
No change
1,906
$364,000 0.13%
Partners Bancorp
1.06%
44,827
$360,000 0.13%
Ford Mtr Co Del
3.66%
24,049
$357,000 0.13%
Sirius XM Holdings Inc
0.00%
51,854
$339,000 0.12%
Alphabet Inc
42.58%
236
$583,000 0.21%
Truist Finl Corp
5.90%
5,913
$328,000 0.12%
Vanguard Scottsdale Fds
63.95%
9,029
$594,000 0.22%
Capital One Finl Corp
12.16%
2,045
$316,000 0.12%
Lowes Cos Inc
12.12%
1,603
$311,000 0.11%
Boeing Co.
3.38%
1,286
$308,000 0.11%
Wesbanco, Inc.
Closed
8,253
$298,000
General Electric Co.
8.67%
22,099
$297,000 0.11%
Vulcan Matls Co
1.22%
1,701
$296,000 0.11%
Abbott Labs
24.33%
2,544
$295,000 0.11%
Emerson Elec Co
0.07%
3,069
$295,000 0.11%
Abbvie Inc
1.62%
2,544
$287,000 0.10%
Vanguard Bd Index Fds
No change
3,347
$287,000 0.10%
MetLife, Inc.
0.25%
4,773
$286,000 0.10%
Bristol-Myers Squibb Co.
26.01%
4,173
$279,000 0.10%
Jpmorgan Chase Co
Closed
1,722
$262,000
Duke Energy Corp.
0.08%
2,580
$255,000 0.09%
Pfizer Inc.
33.76%
6,314
$247,000 0.09%
Mondelez International Inc.
Closed
4,180
$245,000
United Parcel Service, Inc.
2.18%
1,168
$243,000 0.09%
American Elec Pwr Co Inc
0.57%
2,837
$240,000 0.09%
Comcast Corp New
Closed
4,361
$236,000
Dominion Energy Inc
Closed
3,062
$233,000
Ishares Gold Tr
Opened
6,897
$232,000 0.08%
Under Armour Inc
1.58%
10,946
$232,000 0.08%
Proshares Tr
Opened
3,204
$230,000 0.08%
Ishares Gold Trust
Closed
13,799
$224,000
Honeywell International Inc
25.96%
1,021
$224,000 0.08%
Discover Finl Svcs
Opened
1,884
$223,000 0.08%
Visa Inc
Closed
1,048
$222,000
Select Sector Spdr Tr
Closed
3,218
$220,000
Taiwan Semiconductor Mfg Ltd
Closed
1,838
$217,000
Exelon Corp.
4.01%
4,880
$216,000 0.08%
Becton Dickinson Co
20.25%
886
$215,000 0.08%
Alibaba Group Hldg Ltd
Closed
912
$207,000
Altria Group Inc.
49.59%
4,209
$201,000 0.07%
Bionano Genomics Inc
Closed
18,630
$151,000
Lordstown Motors Corp.
Closed
11,551
$136,000
Check-Cap Ltd
Closed
10,958
$19,000
No transactions found
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