Wallace Capital Management 13F annual report
Wallace Capital Management is an investment fund managing more than $690 billion ran by Blake Estess. There are currently 73 companies in Mr. Estess’s portfolio. The largest investments include White Mtns Ins Group Ltd and Berkshire Hathaway, together worth $286 billion.
$690 billion Assets Under Management (AUM)
As of 9th August 2024, Wallace Capital Management’s top holding is 81,304 shares of White Mtns Ins Group Ltd currently worth over $148 billion and making up 21.4% of the portfolio value.
In addition, the fund holds 318,207 shares of Berkshire Hathaway worth $139 billion, whose value grew 8.5% in the past six months.
The third-largest holding is Graham Hldgs Co worth $118 billion and the next is Liberty Global Ltd worth $41.5 billion, with 2,359,097 shares owned.
Currently, Wallace Capital Management's portfolio is worth at least $690 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 Wallace Capital Management
The Wallace Capital Management office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Blake Estess serves as the Chief Compliance Officer at Wallace Capital Management.
Recent trades
In the most recent 13F filing, Wallace Capital Management revealed that it had opened a new position in
Abbvie Inc and bought 1,213 shares worth $208 million.
This means they effectively own approximately 0.1% of the company.
Abbvie Inc makes up
0.8%
of the fund's Health Care sector allocation and has grown its share price by 27.6% in the past year.
The investment fund also strengthened its position in Liberty Global Ltd by buying
93,679 additional shares.
This makes their stake in Liberty Global Ltd total 2,359,097 shares worth $41.5 billion.
Liberty Global Ltd soared 0.8% in the past year.
On the other hand, there are companies that Wallace Capital Management is getting rid of from its portfolio.
Wallace Capital Management closed its position in Sanofi on 16th August 2024.
It sold the previously owned 106,734 shares for $5.19 billion.
Blake Estess also disclosed a decreased stake in White Mtns Ins Group Ltd by approximately 0.1%.
This leaves the value of the investment at $148 billion and 81,304 shares.
One of the average hedge funds
The two most similar investment funds to Wallace Capital Management are New England Asset Management Inc and Fidelis Capital Partners. They manage $690 billion and $689 billion respectively.
Blake Estess investment strategy
Wallace Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Finance — making up 23.7% of
the total portfolio value.
The fund focuses on investments in the United States as
57.5% 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
49% of the total holdings value.
On the other hand, small-cap stocks make up only 2.7% of the portfolio.
The average market cap of the portfolio companies is close to $252 billion.
The complete list of Wallace Capital Management trades based on 13F SEC filings
These positions were updated on August 16th 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 |
|---|---|---|---|
| White Mtns Ins Group Ltd |
0.94%
81,304
|
$147,765,066,000 | 21.41% |
| Berkshire Hathaway Inc. |
0.51%
318,207
|
$138,624,121,000 | 20.09% |
| Graham Hldgs Co |
0.89%
168,793
|
$118,079,112,000 | 17.11% |
| Liberty Global Ltd |
4.14%
2,359,097
|
$41,544,575,000 | 6.02% |
| Loews Corp. |
1.78%
288,351
|
$21,551,327,000 | 3.12% |
| Johnson & Johnson |
0.55%
141,771
|
$20,721,264,000 | 3.00% |
| Republic Svcs Inc |
0.36%
98,151
|
$19,074,593,000 | 2.76% |
| Unilever plc |
6.13%
303,982
|
$16,715,986,000 | 2.42% |
| Cable One Inc |
1.01%
43,683
|
$15,463,826,000 | 2.24% |
| Post Holdings Inc |
1.39%
133,596
|
$13,915,359,000 | 2.02% |
| General Mls Inc |
9.44%
195,478
|
$12,365,913,000 | 1.79% |
| Johnson Outdoors Inc |
3.17%
332,896
|
$11,644,705,000 | 1.69% |
| Affiliated Managers Group In |
0.63%
69,860
|
$10,914,295,000 | 1.58% |
| Cnx Res Corp |
1.24%
446,642
|
$10,853,401,000 | 1.57% |
| Equity Comwlth |
2.94%
530,250
|
$10,286,844,000 | 1.49% |
| TripAdvisor Inc. |
3.12%
562,783
|
$10,023,165,000 | 1.45% |
| Mohawk Inds Inc |
1.60%
55,015
|
$6,249,154,000 | 0.91% |
| Liberty Broadband Corp |
0.68%
116,399
|
$6,379,832,000 | 0.92% |
| Coca-Cola Co |
2.63%
83,322
|
$5,303,427,000 | 0.77% |
| Sanofi |
Closed
106,734
|
$5,187,267,000 | |
| Procter And Gamble Co |
2.74%
25,391
|
$4,187,417,000 | 0.61% |
| GSK Plc |
Closed
74,944
|
$3,212,836,000 | |
| Mercury Genl Corp New |
0.80%
59,594
|
$3,166,800,000 | 0.46% |
| National Presto Inds Inc |
2.39%
35,711
|
$2,682,953,000 | 0.39% |
| Apple Inc |
3.61%
12,021
|
$2,531,863,000 | 0.37% |
| Mondelez International Inc. |
2.10%
37,004
|
$2,421,558,000 | 0.35% |
| Merck & Co Inc |
1.85%
19,163
|
$2,372,322,000 | 0.34% |
| Dril-Quip, Inc. |
2.51%
124,923
|
$2,323,568,000 | 0.34% |
| Hershey Company |
0.47%
10,525
|
$1,934,811,000 | 0.28% |
| Clorox Co. |
1.37%
13,354
|
$1,822,420,000 | 0.26% |
| Alphabet Inc |
9.56%
11,460
|
$2,098,132,000 | 0.30% |
| Liberty Media Corp. |
0.90%
100,368
|
$2,493,023,000 | 0.36% |
| Spdr S&p 500 Etf Tr |
No change
2,664
|
$1,449,829,000 | 0.21% |
| Microsoft Corporation |
22.71%
3,242
|
$1,449,012,000 | 0.21% |
| Colgate-Palmolive Co. |
1.14%
13,290
|
$1,289,662,000 | 0.19% |
| Chevron Corp. |
No change
8,164
|
$1,276,935,000 | 0.19% |
| Investors Title Co Nc |
2.88%
6,922
|
$1,246,860,000 | 0.18% |
| Mastercard Incorporated |
8.51%
2,550
|
$1,124,958,000 | 0.16% |
| Exxon Mobil Corp. |
33.95%
9,587
|
$1,103,695,000 | 0.16% |
| Unitedhealth Group Inc |
No change
2,100
|
$1,069,446,000 | 0.15% |
| Visa Inc |
No change
3,669
|
$963,002,000 | 0.14% |
| Amazon.com Inc. |
18.29%
4,850
|
$937,263,000 | 0.14% |
| Eli Lilly & Co |
16.26%
1,030
|
$932,541,000 | 0.14% |
| Vanguard Index Fds |
9.77%
1,700
|
$850,221,000 | 0.12% |
| Kraft Heinz Co |
0.04%
23,918
|
$770,653,000 | 0.11% |
| Piper Sandler Companies |
No change
3,188
|
$733,782,000 | 0.11% |
| Zoetis Inc |
8.17%
3,972
|
$688,586,000 | 0.10% |
| Haleon Plc |
1.57%
80,136
|
$661,924,000 | 0.10% |
| Abbott Labs |
No change
6,000
|
$623,460,000 | 0.09% |
| Accenture Plc Ireland |
No change
1,500
|
$455,115,000 | 0.07% |
| Gartner, Inc. |
No change
1,000
|
$449,060,000 | 0.07% |
| JPMorgan Chase & Co. |
13.29%
2,131
|
$431,016,000 | 0.06% |
| Enbridge Inc |
No change
12,096
|
$430,497,000 | 0.06% |
| Automatic Data Processing In |
No change
1,790
|
$427,255,000 | 0.06% |
| Marsh & McLennan Cos., Inc. |
No change
1,960
|
$413,011,000 | 0.06% |
| Mcdonalds Corp |
0.06%
1,614
|
$411,413,000 | 0.06% |
| Philip Morris International Inc |
1.26%
3,904
|
$395,592,000 | 0.06% |
| Pepsico Inc |
4.69%
2,231
|
$367,959,000 | 0.05% |
| Wells Fargo Co New |
No change
5,268
|
$312,867,000 | 0.05% |
| Thermo Fisher Scientific Inc. |
39.47%
530
|
$293,090,000 | 0.04% |
| Seritage Growth Pptys |
1.10%
61,107
|
$285,371,000 | 0.04% |
| Pfizer Inc. |
7.38%
10,190
|
$285,116,000 | 0.04% |
| Meta Platforms Inc |
No change
500
|
$252,110,000 | 0.04% |
| Progressive Corp. |
No change
1,201
|
$249,460,000 | 0.04% |
| Nike, Inc. |
No change
3,000
|
$226,110,000 | 0.03% |
| Vanguard Tax-managed Fds |
15.92%
4,500
|
$222,390,000 | 0.03% |
| Crawford & Company |
No change
25,500
|
$220,320,000 | 0.03% |
| Abbvie Inc |
Opened
1,213
|
$208,003,000 | 0.03% |
| Kimberly-Clark Corp. |
Opened
1,490
|
$205,918,000 | 0.03% |
| AMGEN Inc. |
Opened
644
|
$201,218,000 | 0.03% |
| Clarus Corp |
17.25%
24,456
|
$164,592,000 | 0.02% |
| Cnh Indl N V |
Opened
14,000
|
$141,820,000 | 0.02% |
| Westwood Hldgs Group Inc |
No change
10,159
|
$123,737,000 | 0.02% |
| Vodafone Group plc |
No change
12,500
|
$110,875,000 | 0.02% |
| Crown Crafts, Inc. |
No change
12,500
|
$65,375,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 75 holdings | |||
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