Kennon-green is an investment fund managing more than $98.4 billion ran by Joshua Kennon. There are currently 43 companies in Mr. Kennon’s portfolio. The largest investments include Meta Platforms, Inc. Class A and Berkshire Hathaway, Inc. Class B, together worth $14.1 billion.
As of 29th January 2024, Kennon-green’s top holding is 21,835 shares of Meta Platforms, Inc. Class A currently worth over $7.73 billion and making up 7.9% of the portfolio value.
In addition, the fund holds 17,890 shares of Berkshire Hathaway, Inc. Class B worth $6.38 billion.
The third-largest holding is Alphabet Inc worth $5.55 billion and the next is Ssc Technologies Holdings, Inc. worth $5.49 billion, with 89,786 shares owned.
Currently, Kennon-green's portfolio is worth at least $98.4 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.
The Kennon-green office and employees reside in Newport Beach, California. According to the last 13-F report filed with the SEC, Joshua Kennon serves as the Managing Director at Kennon-green.
In the most recent 13F filing, Kennon-green revealed that it had increased its stake in
Hershey and bought 1,062 additional shares worth around $209 thousand.
This means they effectively own approximately 0.1% of the company.
Hershey makes up
11.6%
of the fund's Consumer Staples sector allocation and has decreased its share price by approximately 0.1% in the past year.
On the other hand, there are companies that Kennon-green is getting rid of from its portfolio.
Kennon-green closed its position in Air Products And Chemicals, Inc. on 5th February 2024.
It sold the previously owned 820 shares for $232 million.
Joshua Kennon also disclosed a decreased stake in Meta Platforms, Inc. Class A by approximately 0.1%.
This leaves the value of the investment at $7.73 billion and 21,835 shares.
The two most similar investment funds to Kennon-green are Oaktree Fund Advisors and Cladis Investment Advisory. They manage $98.4 billion and $98.3 billion respectively.
Kennon-green’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Consumer Staples — making up 24.8% of
the total portfolio value.
The fund focuses on investments in the United States as
48.8% 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
49% 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 $383 billion.
These positions were updated on February 5th 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 |
|---|---|---|---|
| Meta Platforms, Inc. Class A |
3.50%
21,835
|
$7,728,717,000 | 7.86% |
| Berkshire Hathaway, Inc. Class B |
2.93%
17,890
|
$6,380,647,000 | 6.49% |
| Alphabet Inc |
2.90%
39,698
|
$5,545,414,000 | 5.64% |
| Ssc Technologies Holdings, Inc. |
1.53%
89,786
|
$5,486,822,000 | 5.58% |
| Philip Morris International Inc |
9.91%
54,595
|
$5,136,265,000 | 5.22% |
| Altria Group Inc. |
11.46%
122,448
|
$4,939,541,000 | 5.02% |
| Coca-Cola Co |
8.41%
73,460
|
$4,329,022,000 | 4.40% |
| British American Tobacco Plc Adr |
15.82%
145,940
|
$4,274,590,000 | 4.35% |
| Walt Disney Company |
7.22%
36,620
|
$3,306,456,000 | 3.36% |
| Johnson Johnson |
15.87%
18,696
|
$2,930,366,000 | 2.98% |
| Hershey Company |
7.53%
15,173
|
$2,828,841,000 | 2.88% |
| Visa, Inc. Class A |
1.29%
10,762
|
$2,801,902,000 | 2.85% |
| Starbucks Corp. |
1.57%
28,288
|
$2,715,931,000 | 2.76% |
| United Parcel Service, Inc. Class B |
5.20%
17,204
|
$2,704,985,000 | 2.75% |
| Mondelez International, Inc. Class A |
9.21%
36,217
|
$2,623,227,000 | 2.67% |
| Kimberly-Clark Corp. |
14.48%
21,240
|
$2,580,849,000 | 2.62% |
| Alphabet Inc |
2.56%
18,065
|
$2,545,900,000 | 2.59% |
| Unilever Plc Adr |
16.84%
49,370
|
$2,393,481,000 | 2.43% |
| Brown-Forman Corporation |
4.76%
39,785
|
$2,370,788,000 | 2.41% |
| Paramount Global Class B |
18.45%
151,229
|
$2,236,677,000 | 2.27% |
| Berkshire Hathaway, Inc. Class A |
No change
4
|
$2,170,500,000 | 2.21% |
| Microsoft Corporation |
2.96%
5,603
|
$2,106,981,000 | 2.14% |
| Adobe Systems, Inc. |
1.20%
3,373
|
$2,012,332,000 | 2.05% |
| Keurig Dr. Pepper, Inc. |
17.49%
52,323
|
$1,743,402,000 | 1.77% |
| Pepsico, Inc. |
13.75%
10,186
|
$1,729,990,000 | 1.76% |
| Genuine Parts Co. |
3.94%
11,838
|
$1,639,563,000 | 1.67% |
| Procter Gamble Company |
10.45%
9,433
|
$1,382,272,000 | 1.41% |
| Mcdonald's Corporation |
12.39%
3,685
|
$1,092,639,000 | 1.11% |
| Colgate-Palmolive Co. |
11.50%
12,974
|
$1,034,186,000 | 1.05% |
| Novartis Ag Adr |
11.51%
9,646
|
$973,957,000 | 0.99% |
| Amazon.com Inc. |
1.77%
5,898
|
$896,142,000 | 0.91% |
| Autozone Inc. |
7.04%
330
|
$853,251,000 | 0.87% |
| Apple Inc |
1.16%
4,181
|
$804,975,000 | 0.82% |
| Kenvue Inc. |
100.38%
35,438
|
$762,980,000 | 0.78% |
| Nike, Inc. Class B |
1.61%
6,765
|
$734,499,000 | 0.75% |
| Dollar General Corp. |
5.69%
4,626
|
$628,905,000 | 0.64% |
| Intuit Inc |
1.62%
729
|
$455,647,000 | 0.46% |
| Brown-Forman Corporation |
6.33%
4,824
|
$275,451,000 | 0.28% |
| Clorox Co. |
30.16%
1,820
|
$259,514,000 | 0.26% |
| Abbvie Inc |
6.14%
1,606
|
$248,882,000 | 0.25% |
| Kellogg Company |
19.19%
4,380
|
$244,886,000 | 0.25% |
| Air Products And Chemicals, Inc. |
Closed
820
|
$232,388,000 | |
| Pfizer Inc. |
32.51%
7,836
|
$225,598,000 | 0.23% |
| J. M. Smucker Company |
33.94%
1,781
|
$225,083,000 | 0.23% |
| No transactions found | |||
| Showing first 500 out of 44 holdings | |||