Family Legacy 13F annual report
Family Legacy is an investment fund managing more than $275 billion ran by Patrice Sebastian. There are currently 109 companies in Mr. Sebastian’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $17.9 billion.
$275 billion Assets Under Management (AUM)
As of 17th July 2024, Family Legacy’s top holding is 20,403 shares of Microsoft currently worth over $9.12 billion and making up 3.3% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Family Legacy owns more than approximately 0.1% of the company.
In addition, the fund holds 41,624 shares of Apple Inc worth $8.77 billion, whose value grew 15.3% in the past six months.
The third-largest holding is Eli Lilly & Co worth $7.04 billion and the next is JPMorgan Chase & Co worth $6.51 billion, with 32,209 shares owned.
Currently, Family Legacy's portfolio is worth at least $275 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 Family Legacy
The Family Legacy office and employees reside in Greenville, South Carolina. According to the last 13-F report filed with the SEC, Patrice Sebastian serves as the Director at Family Legacy.
Recent trades
In the most recent 13F filing, Family Legacy revealed that it had opened a new position in
Ge Vernova Inc and bought 4,378 shares worth $751 million.
The investment fund also strengthened its position in Coca-Cola Co by buying
26 additional shares.
This makes their stake in Coca-Cola Co total 81,078 shares worth $5.16 billion.
Coca-Cola Co soared 3.7% in the past year.
On the other hand, there are companies that Family Legacy is getting rid of from its portfolio.
Family Legacy closed its position in Southwest Airls Co on 24th July 2024.
It sold the previously owned 7,215 shares for $211 million.
Patrice Sebastian also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $9.12 billion and 20,403 shares.
One of the smaller hedge funds
The two most similar investment funds to Family Legacy are Peterson Wealth Services and Bridge City Capital. They manage $275 billion and $275 billion respectively.
Patrice Sebastian investment strategy
Family Legacy’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Industrials — making up 10.4% of
the total portfolio value.
The fund focuses on investments in the United States as
49.5% 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 0.9% of the portfolio.
The average market cap of the portfolio companies is close to $232 billion.
The complete list of Family Legacy trades based on 13F SEC filings
These positions were updated on July 24th 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 |
|---|---|---|---|
| Microsoft Corporation |
2.24%
20,403
|
$9,118,915,000 | 3.32% |
| Apple Inc |
0.43%
41,624
|
$8,766,844,000 | 3.19% |
| Eli Lilly & Co |
8.02%
7,781
|
$7,044,450,000 | 2.57% |
| JPMorgan Chase & Co. |
3.23%
32,209
|
$6,514,647,000 | 2.37% |
| Applied Matls Inc |
7.19%
26,399
|
$6,229,935,000 | 2.27% |
| Gallagher Arthur J & Co |
1.47%
22,674
|
$5,879,593,000 | 2.14% |
| Alphabet Inc |
3.38%
32,094
|
$5,845,991,000 | 2.13% |
| Vulcan Matls Co |
4.07%
22,818
|
$5,674,340,000 | 2.07% |
| Caterpillar Inc. |
5.14%
16,999
|
$5,662,399,000 | 2.06% |
| Costco Whsl Corp New |
2.07%
6,185
|
$5,256,869,000 | 1.91% |
| Amazon.com Inc. |
3.51%
27,008
|
$5,219,361,000 | 1.90% |
| Coca-Cola Co |
0.03%
81,078
|
$5,160,633,000 | 1.88% |
| Taiwan Semiconductor Mfg Ltd |
1.80%
29,382
|
$5,106,799,000 | 1.86% |
| Home Depot, Inc. |
0.21%
14,682
|
$5,054,035,000 | 1.84% |
| Lowes Cos Inc |
0.74%
22,825
|
$5,032,039,000 | 1.83% |
| Duke Energy Corp. |
0.49%
49,397
|
$4,951,048,000 | 1.80% |
| First Tr Exch Traded Fd Iii |
0.25%
279,566
|
$4,853,261,000 | 1.77% |
| Johnson & Johnson |
0.14%
31,450
|
$4,596,694,000 | 1.67% |
| Walmart Inc |
1.92%
67,855
|
$4,594,429,000 | 1.67% |
| Vanguard Index Fds |
2.88%
66,605
|
$9,613,634,000 | 3.50% |
| Visa Inc |
0.39%
16,951
|
$4,449,230,000 | 1.62% |
| Oracle Corp. |
3.80%
31,509
|
$4,449,137,000 | 1.62% |
| Procter And Gamble Co |
0.29%
26,715
|
$4,405,905,000 | 1.60% |
| Spdr S&p 500 Etf Tr |
1.80%
8,077
|
$4,395,818,000 | 1.60% |
| Merck & Co Inc |
2.93%
34,231
|
$4,237,840,000 | 1.54% |
| Ishares Tr |
3.81%
166,492
|
$13,418,223,000 | 4.89% |
| Spdr Index Shs Fds |
1.85%
115,339
|
$4,046,098,000 | 1.47% |
| AMGEN Inc. |
0.13%
12,745
|
$3,982,255,000 | 1.45% |
| Unitedhealth Group Inc |
0.04%
7,750
|
$3,946,616,000 | 1.44% |
| VanEck ETF Trust |
0.54%
139,236
|
$3,940,376,000 | 1.43% |
| Vanguard Bd Index Fds |
0.07%
80,223
|
$6,057,975,000 | 2.21% |
| Lockheed Martin Corp. |
0.33%
8,267
|
$3,861,673,000 | 1.41% |
| Elevance Health Inc |
1.61%
6,472
|
$3,506,956,000 | 1.28% |
| Waste Mgmt Inc Del |
1.17%
13,915
|
$2,968,571,000 | 1.08% |
| Deere & Co. |
0.53%
7,880
|
$2,944,330,000 | 1.07% |
| The Southern Co. |
0.49%
36,593
|
$2,838,541,000 | 1.03% |
| Transdigm Group Incorporated |
1.41%
2,089
|
$2,669,111,000 | 0.97% |
| General Dynamics Corp. |
0.39%
9,028
|
$2,619,394,000 | 0.95% |
| Northrop Grumman Corp. |
0.95%
5,828
|
$2,540,747,000 | 0.93% |
| Pepsico Inc |
0.20%
15,080
|
$2,487,143,000 | 0.91% |
| Novo-nordisk A S |
1.04%
16,881
|
$2,409,537,000 | 0.88% |
| Starbucks Corp. |
0.11%
30,261
|
$2,355,817,000 | 0.86% |
| Bank America Corp |
0.35%
57,278
|
$2,277,928,000 | 0.83% |
| CSX Corp. |
1.20%
67,634
|
$2,262,341,000 | 0.82% |
| Boeing Co. |
0.54%
12,168
|
$2,214,647,000 | 0.81% |
| Select Sector Spdr Tr |
2.01%
24,511
|
$2,164,607,000 | 0.79% |
| Cigna Group (The) |
0.66%
6,279
|
$2,075,709,000 | 0.76% |
| GE Aerospace |
3.36%
13,056
|
$2,075,585,000 | 0.76% |
| Dimensional Etf Trust |
1.67%
55,434
|
$1,992,314,000 | 0.73% |
| Union Pac Corp |
0.09%
8,646
|
$1,956,215,000 | 0.71% |
| Berkshire Hathaway Inc. |
0.72%
4,712
|
$3,140,510,000 | 1.14% |
| Prologis Inc |
0.18%
17,007
|
$1,910,083,000 | 0.70% |
| Abbvie Inc |
1.35%
10,675
|
$1,830,949,000 | 0.67% |
| Chubb Limited |
0.26%
6,943
|
$1,771,095,000 | 0.64% |
| Rio Tinto plc |
0.53%
26,010
|
$1,714,869,000 | 0.62% |
| Cisco Sys Inc |
No change
32,837
|
$1,560,080,000 | 0.57% |
| Intuit Inc |
1.97%
2,279
|
$1,497,751,000 | 0.55% |
| Toronto Dominion Bk Ont |
0.78%
26,146
|
$1,436,965,000 | 0.52% |
| Danaher Corp. |
1.01%
5,610
|
$1,401,730,000 | 0.51% |
| Thermo Fisher Scientific Inc. |
1.77%
2,410
|
$1,332,784,000 | 0.49% |
| Disney Walt Co |
1.59%
13,321
|
$1,322,671,000 | 0.48% |
| Norfolk Southn Corp |
0.73%
6,075
|
$1,304,265,000 | 0.47% |
| Mcdonalds Corp |
3.22%
4,968
|
$1,266,096,000 | 0.46% |
| Chevron Corp. |
1.27%
7,428
|
$1,161,951,000 | 0.42% |
| First Solar Inc |
1.62%
5,030
|
$1,134,064,000 | 0.41% |
| Capital One Finl Corp |
No change
7,920
|
$1,096,519,000 | 0.40% |
| Ge Healthcare Technologies I |
4.46%
13,453
|
$1,048,264,000 | 0.38% |
| Mastercard Incorporated |
0.66%
2,287
|
$1,009,003,000 | 0.37% |
| Lamb Weston Holdings Inc |
2.80%
11,701
|
$983,846,000 | 0.36% |
| Invesco Exch Traded Fd Tr Ii |
2.81%
37,213
|
$981,675,000 | 0.36% |
| United Cmnty Bks Blairsvle G |
3.52%
36,945
|
$940,622,000 | 0.34% |
| Abbott Labs |
0.12%
8,630
|
$896,778,000 | 0.33% |
| Public Storage Oper Co |
2.67%
2,963
|
$852,307,000 | 0.31% |
| NVIDIA Corp |
784.65%
6,741
|
$832,783,000 | 0.30% |
| Wells Fargo Co New |
No change
12,800
|
$760,192,000 | 0.28% |
| Mondelez International Inc. |
No change
11,588
|
$758,303,000 | 0.28% |
| Ge Vernova Inc |
Opened
4,378
|
$750,871,000 | 0.27% |
| CVS Health Corp |
36.08%
12,583
|
$743,123,000 | 0.27% |
| Darden Restaurants, Inc. |
16.01%
4,898
|
$741,125,000 | 0.27% |
| Conagra Brands Inc |
1.05%
25,872
|
$735,290,000 | 0.27% |
| Medical Pptys Trust Inc |
1.04%
162,281
|
$699,430,000 | 0.25% |
| National Health Invs Inc |
1.10%
9,467
|
$641,200,000 | 0.23% |
| Dollar Gen Corp New |
5.88%
4,774
|
$631,298,000 | 0.23% |
| General Mtrs Co |
3.06%
12,660
|
$588,184,000 | 0.21% |
| Realty Income Corp. |
0.87%
9,606
|
$507,364,000 | 0.18% |
| American Elec Pwr Co Inc |
0.87%
5,683
|
$498,631,000 | 0.18% |
| American Wtr Wks Co Inc New |
1.47%
3,761
|
$485,771,000 | 0.18% |
| United Parcel Service, Inc. |
0.70%
3,529
|
$482,937,000 | 0.18% |
| Tractor Supply Co. |
49.28%
1,769
|
$477,718,000 | 0.17% |
| Electronic Arts, Inc. |
0.32%
3,392
|
$472,607,000 | 0.17% |
| Fedex Corp |
4.24%
1,573
|
$471,700,000 | 0.17% |
| Schwab Charles Corp |
No change
6,310
|
$464,984,000 | 0.17% |
| Robert Half Inc |
1.00%
7,249
|
$463,767,000 | 0.17% |
| Rentokil Initial Plc |
No change
14,748
|
$437,278,000 | 0.16% |
| First Tr Exchange-traded Fd |
0.16%
13,464
|
$635,432,000 | 0.23% |
| Citigroup Inc |
No change
6,330
|
$401,676,000 | 0.15% |
| Fifth Third Bancorp |
30.85%
10,764
|
$392,788,000 | 0.14% |
| Wp Carey Inc |
2.65%
6,949
|
$382,563,000 | 0.14% |
| Novartis AG |
No change
3,250
|
$345,995,000 | 0.13% |
| Spdr Ser Tr |
6.12%
2,393
|
$304,342,000 | 0.11% |
| Medtronic Plc |
No change
3,568
|
$280,804,000 | 0.10% |
| American Tower Corp. |
No change
1,357
|
$263,774,000 | 0.10% |
| Truist Finl Corp |
3.90%
6,433
|
$249,933,000 | 0.09% |
| Paychex Inc. |
2.44%
2,100
|
$248,976,000 | 0.09% |
| Lemaitre Vascular Inc |
Opened
3,000
|
$246,840,000 | 0.09% |
| GSK Plc |
No change
6,400
|
$246,400,000 | 0.09% |
| Aflac Inc. |
No change
2,500
|
$223,275,000 | 0.08% |
| Comcast Corp New |
1.83%
5,553
|
$217,455,000 | 0.08% |
| Ishares Tr |
Opened
2,606
|
$212,154,000 | 0.08% |
| Southwest Airls Co |
Closed
7,215
|
$210,606,000 | |
| Kroger Co. |
Closed
3,595
|
$205,385,000 | |
| No transactions found | |||
| Showing first 500 out of 111 holdings | |||
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