Fortress Wealth 13F annual report
Fortress Wealth is an investment fund managing more than $182 billion ran by John Ledford. There are currently 89 companies in Mr. Ledford’s portfolio. The largest investments include Vanguard Index Fds and Pacer Fds Tr, together worth $57.7 billion.
$182 billion Assets Under Management (AUM)
As of 24th July 2024, Fortress Wealth’s top holding is 197,409 shares of Vanguard Index Fds currently worth over $45.4 billion and making up 24.9% of the portfolio value.
In addition, the fund holds 233,300 shares of Pacer Fds Tr worth $12.3 billion.
The third-largest holding is Ishares Tr worth $17.5 billion and the next is J P Morgan Exchange Traded F worth $11.5 billion, with 214,848 shares owned.
Currently, Fortress Wealth's portfolio is worth at least $182 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 Fortress Wealth
The Fortress Wealth office and employees reside in Winter Park, Florida. According to the last 13-F report filed with the SEC, John Ledford serves as the Chief Compliance Officer at Fortress Wealth.
Recent trades
In the most recent 13F filing, Fortress Wealth revealed that it had opened a new position in
Costar and bought 5,965 shares worth $446 million.
This means they effectively own approximately 0.1% of the company.
Costar makes up
46.2%
of the fund's Real Estate sector allocation and has decreased its share price by 10.1% in the past year.
The investment fund also strengthened its position in Vanguard Index Fds by buying
6,650 additional shares.
This makes their stake in Vanguard Index Fds total 197,409 shares worth $45.4 billion.
On the other hand, there are companies that Fortress Wealth is getting rid of from its portfolio.
Fortress Wealth closed its position in GSK Plc on 31st July 2024.
It sold the previously owned 8,788 shares for $393 million.
John Ledford also disclosed a decreased stake in Pacer Fds Tr by 0.1%.
This leaves the value of the investment at $12.3 billion and 233,300 shares.
One of the smallest hedge funds
The two most similar investment funds to Fortress Wealth are Alpha Dna Investment Management and Alhambra Investment Management. They manage $182 billion and $182 billion respectively.
John Ledford investment strategy
Fortress Wealth’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 10.3% of
the total portfolio value.
The fund focuses on investments in the United States as
50.6% 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
52% of the total holdings value.
On the other hand, small-cap stocks make up only 3.4% of the portfolio.
The average market cap of the portfolio companies is close to $249 billion.
The complete list of Fortress Wealth trades based on 13F SEC filings
These positions were updated on July 31st 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 |
3.49%
197,409
|
$45,447,037,000 | 24.91% |
| Pacer Fds Tr |
10.82%
233,300
|
$12,267,502,000 | 6.73% |
| Ishares Tr |
5.13%
442,100
|
$17,479,822,000 | 9.58% |
| J P Morgan Exchange Traded F |
2.12%
214,848
|
$11,535,578,000 | 6.32% |
| Spdr Sp 500 Etf Tr |
0.54%
14,253
|
$7,893,287,000 | 4.33% |
| Litman Gregory Fds Tr |
7.25%
256,664
|
$7,594,691,000 | 4.16% |
| NVIDIA Corp |
1,015.68%
59,968
|
$7,351,535,000 | 4.03% |
| VanEck ETF Trust |
9.68%
79,606
|
$7,055,498,000 | 3.87% |
| Apple Inc |
2.13%
19,812
|
$4,457,854,000 | 2.44% |
| First Tr Mid Cap Core Alphad |
1.79%
38,357
|
$4,379,827,000 | 2.40% |
| Microsoft Corporation |
4.57%
8,943
|
$3,978,211,000 | 2.18% |
| Amazon.com Inc. |
7.12%
13,853
|
$2,582,248,000 | 1.42% |
| Berkshire Hathaway Inc. |
7.92%
5,508
|
$2,390,616,000 | 1.31% |
| Jpmorgan Chase Co. |
4.64%
11,150
|
$2,345,103,000 | 1.29% |
| Eli Lilly Co |
4.58%
2,418
|
$2,123,957,000 | 1.16% |
| First Tr Value Line Divid In |
3.91%
47,221
|
$1,997,466,000 | 1.10% |
| Boeing Co. |
0.17%
7,707
|
$1,437,201,000 | 0.79% |
| Meta Platforms Inc |
58.76%
2,783
|
$1,360,048,000 | 0.75% |
| Spdr Dow Jones Indl Average |
0.36%
3,345
|
$1,349,770,000 | 0.74% |
| Alphabet Inc |
8.74%
9,266
|
$1,697,790,000 | 0.93% |
| Johnson Johnson |
16.40%
8,475
|
$1,291,189,000 | 0.71% |
| Home Depot, Inc. |
8.01%
3,317
|
$1,193,011,000 | 0.65% |
| Procter And Gamble Co |
11.57%
6,733
|
$1,121,858,000 | 0.62% |
| Exxon Mobil Corp. |
8.33%
9,243
|
$1,048,243,000 | 0.57% |
| Tesla Inc |
20.58%
4,072
|
$1,003,293,000 | 0.55% |
| Trane Technologies plc |
No change
2,744
|
$946,570,000 | 0.52% |
| Vanguard Scottsdale Fds |
19.77%
12,037
|
$936,025,000 | 0.51% |
| Caterpillar Inc. |
14.43%
2,641
|
$908,797,000 | 0.50% |
| Chevron Corp. |
5.64%
5,877
|
$905,570,000 | 0.50% |
| NextEra Energy Inc |
9.52%
12,045
|
$868,569,000 | 0.48% |
| Visa Inc |
18.98%
3,134
|
$829,874,000 | 0.45% |
| Alps Etf Tr |
0.09%
16,902
|
$826,495,000 | 0.45% |
| Unitedhealth Group Inc |
17.67%
1,485
|
$823,707,000 | 0.45% |
| Broadcom Inc. |
1,016.63%
4,701
|
$769,883,000 | 0.42% |
| Pepsico Inc |
4.04%
4,354
|
$724,013,000 | 0.40% |
| Palo Alto Networks Inc |
13.50%
1,993
|
$668,612,000 | 0.37% |
| Crowdstrike Holdings Inc |
No change
2,473
|
$664,940,000 | 0.36% |
| Coca-Cola Co |
5.25%
9,755
|
$633,717,000 | 0.35% |
| Proshares Tr |
4.01%
8,087
|
$593,257,000 | 0.33% |
| Kkr Co Inc |
8.31%
5,016
|
$591,652,000 | 0.32% |
| Merck Co Inc |
10.22%
4,584
|
$570,119,000 | 0.31% |
| Spdr Sp Midcap 400 Etf Tr |
13.00%
977
|
$545,352,000 | 0.30% |
| ServiceNow Inc |
16.42%
695
|
$531,811,000 | 0.29% |
| Prologis Inc |
19.78%
4,136
|
$519,844,000 | 0.28% |
| Transdigm Group Incorporated |
10.71%
403
|
$519,233,000 | 0.28% |
| Taiwan Semiconductor Mfg Ltd |
11.33%
3,056
|
$518,972,000 | 0.28% |
| Accenture Plc Ireland |
9.26%
1,557
|
$514,324,000 | 0.28% |
| Grayscale Bitcoin Tr Btc |
0.79%
8,807
|
$511,710,000 | 0.28% |
| Linde Plc. |
23.45%
1,132
|
$506,468,000 | 0.28% |
| Cisco Sys Inc |
9.93%
10,625
|
$492,576,000 | 0.27% |
| MercadoLibre Inc |
12.84%
290
|
$490,747,000 | 0.27% |
| Union Pac Corp |
12.80%
2,001
|
$479,240,000 | 0.26% |
| Tyler Technologies, Inc. |
11.63%
883
|
$464,785,000 | 0.25% |
| ON Semiconductor Corp. |
No change
6,281
|
$460,978,000 | 0.25% |
| Ecolab, Inc. |
11.15%
1,844
|
$455,049,000 | 0.25% |
| Costar Group, Inc. |
Opened
5,965
|
$446,421,000 | 0.24% |
| Roper Technologies Inc |
12.48%
766
|
$440,073,000 | 0.24% |
| Walmart Inc |
No change
6,078
|
$429,411,000 | 0.24% |
| Lam Research Corp. |
6.18%
447
|
$428,967,000 | 0.24% |
| Cigna Group (The) |
13.28%
1,271
|
$427,108,000 | 0.23% |
| First Tr Morningstar Divid L |
0.02%
10,594
|
$418,150,000 | 0.23% |
| CSX Corp. |
15.00%
12,107
|
$407,269,000 | 0.22% |
| GSK Plc |
Closed
8,788
|
$392,549,000 | |
| Marathon Pete Corp |
8.25%
2,361
|
$387,206,000 | 0.21% |
| First Tr Exchange-traded Fd |
29.21%
13,901
|
$715,146,000 | 0.39% |
| Zimmer Biomet Holdings Inc |
13.75%
3,490
|
$383,900,000 | 0.21% |
| Kroger Co. |
Closed
6,957
|
$382,648,000 | |
| American Tower Corp. |
Closed
2,015
|
$375,494,000 | |
| Mastercard Incorporated |
No change
830
|
$366,790,000 | 0.20% |
| Truist Finl Corp |
No change
8,212
|
$362,555,000 | 0.20% |
| Vanguard Whitehall Fds |
6.11%
2,964
|
$362,315,000 | 0.20% |
| Applied Matls Inc |
0.06%
1,569
|
$344,637,000 | 0.19% |
| Ishares Tr |
Closed
6,371
|
$638,503,000 | |
| Duke Energy Corp. |
0.26%
3,050
|
$326,683,000 | 0.18% |
| First Tr Exchange Traded Fd |
0.09%
6,552
|
$324,265,000 | 0.18% |
| Costco Whsl Corp New |
34.18%
369
|
$314,255,000 | 0.17% |
| International Business Machs |
No change
1,707
|
$314,241,000 | 0.17% |
| Darden Restaurants, Inc. |
No change
2,241
|
$314,231,000 | 0.17% |
| General Dynamics Corp. |
8.85%
1,033
|
$304,113,000 | 0.17% |
| Capital One Finl Corp |
No change
1,900
|
$276,450,000 | 0.15% |
| Schlumberger Ltd. |
No change
5,517
|
$270,609,000 | 0.15% |
| RTX Corp |
7.19%
2,480
|
$260,339,000 | 0.14% |
| Fedex Corp |
Closed
993
|
$260,249,000 | |
| Illinois Tool Wks Inc |
No change
1,055
|
$256,540,000 | 0.14% |
| Marsh Mclennan Cos Inc |
12.30%
1,105
|
$241,937,000 | 0.13% |
| Ingersoll Rand Inc. |
No change
2,392
|
$239,798,000 | 0.13% |
| GE Aerospace |
Opened
1,367
|
$235,137,000 | 0.13% |
| Micron Technology Inc. |
No change
2,000
|
$228,500,000 | 0.13% |
| Select Sector Spdr Tr |
No change
5,177
|
$223,511,000 | 0.12% |
| Halliburton Co. |
Closed
5,877
|
$220,272,000 | |
| American Express Co. |
No change
871
|
$215,112,000 | 0.12% |
| Advanced Micro Devices Inc. |
Opened
1,323
|
$203,793,000 | 0.11% |
| American Elec Pwr Co Inc |
Opened
2,137
|
$200,116,000 | 0.11% |
| Luminar Technologies, Inc. |
No change
35,193
|
$60,883,000 | 0.03% |
| Tupperware Brands Corporation |
No change
20,237
|
$26,106,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 95 holdings | |||
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