Clifford 13F annual report
Clifford is an investment fund managing more than $124 billion ran by Sarah Ludden. There are currently 60 companies in Mrs. Ludden’s portfolio. The largest investments include Vanguard Index Fds and Schwab Strategic Tr, together worth $53.4 billion.
$124 billion Assets Under Management (AUM)
As of 5th August 2024, Clifford’s top holding is 106,169 shares of Vanguard Index Fds currently worth over $34.6 billion and making up 27.9% of the portfolio value.
In addition, the fund holds 242,540 shares of Schwab Strategic Tr worth $18.9 billion.
The third-largest holding is Vanguard World Fd worth $13.2 billion and the next is Ishares Tr worth $13.1 billion, with 166,310 shares owned.
Currently, Clifford's portfolio is worth at least $124 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 Clifford
The Clifford office and employees reside in Wayland, Massachusetts. According to the last 13-F report filed with the SEC, Sarah Ludden serves as the Chief Compliance Officer at Clifford.
Recent trades
In the most recent 13F filing, Clifford revealed that it had opened a new position in
Spdr Ser Tr and bought 11,927 shares worth $303 million.
The investment fund also strengthened its position in Vanguard World Fd by buying
13,626 additional shares.
This makes their stake in Vanguard World Fd total 35,227 shares worth $13.2 billion.
On the other hand, there are companies that Clifford is getting rid of from its portfolio.
Clifford closed its position in Pnc Finl Svcs Group Inc on 12th August 2024.
It sold the previously owned 4,114 shares for $665 million.
Sarah Ludden also disclosed a decreased stake in Vanguard Index Fds by approximately 0.1%.
This leaves the value of the investment at $34.6 billion and 106,169 shares.
One of the smallest hedge funds
The two most similar investment funds to Clifford are Zeit Capital and Hamilton Lane Advisors. They manage $124 billion and $124 billion respectively.
Sarah Ludden investment strategy
Clifford’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 8.4% of
the total portfolio value.
The fund focuses on investments in the United States as
60.0% 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
55% of the total holdings value.
On the other hand, small-cap stocks make up only 3.3% of the portfolio.
The average market cap of the portfolio companies is close to $282 billion.
The complete list of Clifford trades based on 13F SEC filings
These positions were updated on August 12th 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 |
7.49%
106,169
|
$34,577,495,000 | 27.92% |
| Schwab Strategic Tr |
4.51%
242,540
|
$18,859,887,000 | 15.23% |
| Vanguard World Fd |
63.08%
35,227
|
$13,154,108,000 | 10.62% |
| Ishares Tr |
18.81%
166,310
|
$13,130,060,000 | 10.60% |
| Microsoft Corporation |
0.29%
6,144
|
$2,745,900,000 | 2.22% |
| Amazon.com Inc. |
16.88%
12,709
|
$2,456,049,000 | 1.98% |
| NVIDIA Corp |
879.80%
19,547
|
$2,414,836,000 | 1.95% |
| Apple Inc |
0.26%
10,239
|
$2,156,502,000 | 1.74% |
| Spdr Ser Tr |
7.21%
175,886
|
$6,008,040,000 | 4.85% |
| Vanguard Scottsdale Fds |
5.43%
38,741
|
$1,758,847,000 | 1.42% |
| Alphabet Inc |
2.07%
11,417
|
$2,082,947,000 | 1.68% |
| JPMorgan Chase & Co. |
1.69%
5,774
|
$1,167,889,000 | 0.94% |
| Meta Platforms Inc |
No change
2,179
|
$1,098,695,000 | 0.89% |
| Automatic Data Processing In |
No change
4,043
|
$965,024,000 | 0.78% |
| Taiwan Semiconductor Mfg Ltd |
0.35%
5,484
|
$953,180,000 | 0.77% |
| Union Pac Corp |
1.69%
3,360
|
$760,179,000 | 0.61% |
| Unitedhealth Group Inc |
0.95%
1,481
|
$754,269,000 | 0.61% |
| Procter And Gamble Co |
0.51%
4,510
|
$743,838,000 | 0.60% |
| NextEra Energy Inc |
3.28%
10,086
|
$714,199,000 | 0.58% |
| Accenture Plc Ireland |
9.01%
2,286
|
$693,683,000 | 0.56% |
| Morgan Stanley |
1.55%
6,991
|
$679,439,000 | 0.55% |
| Pnc Finl Svcs Group Inc |
Closed
4,114
|
$664,895,000 | |
| Cisco Sys Inc |
1.46%
13,316
|
$632,625,000 | 0.51% |
| Home Depot, Inc. |
1.33%
1,829
|
$629,512,000 | 0.51% |
| Pepsico Inc |
0.45%
3,744
|
$617,556,000 | 0.50% |
| Gallagher Arthur J & Co |
2.04%
2,349
|
$608,998,000 | 0.49% |
| Houlihan Lokey Inc |
1.64%
4,485
|
$604,864,000 | 0.49% |
| Abbott Labs |
1.82%
5,756
|
$598,097,000 | 0.48% |
| TE Connectivity Ltd |
1.57%
3,898
|
$586,408,000 | 0.47% |
| Cencora Inc. |
1.33%
2,601
|
$585,952,000 | 0.47% |
| Phillips 66 |
0.83%
4,068
|
$574,256,000 | 0.46% |
| Target Corp |
4.65%
3,858
|
$571,200,000 | 0.46% |
| Prologis Inc |
3.08%
4,952
|
$556,188,000 | 0.45% |
| Paychex Inc. |
0.58%
4,620
|
$547,780,000 | 0.44% |
| Insperity Inc |
No change
5,944
|
$542,152,000 | 0.44% |
| United Parcel Service, Inc. |
0.44%
3,888
|
$532,134,000 | 0.43% |
| Visa Inc |
No change
2,022
|
$530,714,000 | 0.43% |
| Costco Whsl Corp New |
No change
546
|
$464,497,000 | 0.38% |
| CVS Health Corp |
5.14%
7,527
|
$444,574,000 | 0.36% |
| Eli Lilly & Co |
No change
485
|
$439,109,000 | 0.35% |
| Archer Daniels Midland Co. |
5.03%
6,771
|
$409,308,000 | 0.33% |
| Analog Devices Inc. |
No change
1,713
|
$391,009,000 | 0.32% |
| Eaton Corp Plc |
0.88%
1,130
|
$354,312,000 | 0.29% |
| Broadcom Inc |
3.64%
212
|
$340,958,000 | 0.28% |
| Danaher Corp. |
2.32%
1,306
|
$326,334,000 | 0.26% |
| Goldman Sachs Group, Inc. |
No change
691
|
$312,553,000 | 0.25% |
| Oracle Corp. |
No change
2,187
|
$308,804,000 | 0.25% |
| Honeywell International Inc |
No change
1,430
|
$305,362,000 | 0.25% |
| Spdr Ser Tr |
Opened
11,927
|
$303,423,000 | 0.24% |
| Thermo Fisher Scientific Inc. |
No change
518
|
$286,477,000 | 0.23% |
| Spdr S&p 500 Etf Tr |
2.15%
523
|
$284,611,000 | 0.23% |
| Monday Com Ltd |
No change
1,141
|
$274,707,000 | 0.22% |
| Berkshire Hathaway Inc. |
No change
666
|
$270,929,000 | 0.22% |
| American Express Co. |
No change
1,136
|
$263,041,000 | 0.21% |
| Salesforce Inc |
No change
957
|
$246,045,000 | 0.20% |
| Hilton Worldwide Holdings Inc |
No change
988
|
$215,582,000 | 0.17% |
| Deere & Co. |
No change
566
|
$211,475,000 | 0.17% |
| Aon plc. |
No change
710
|
$208,542,000 | 0.17% |
| Blackrock Inc. |
No change
262
|
$206,437,000 | 0.17% |
| Vanguard Intl Equity Index F |
Opened
1,793
|
$201,946,000 | 0.16% |
| Microchip Technology, Inc. |
Opened
2,193
|
$200,660,000 | 0.16% |
| No transactions found | |||
| Showing first 500 out of 61 holdings | |||
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