Virginia Wealth Management Group, Inc 13F annual report
Virginia Wealth Management Group, Inc is an investment fund managing more than $122 billion ran by Scott Saal. There are currently 50 companies in Mr. Saal’s portfolio. The largest investments include Berkshire Hathaway and Microsoft, together worth $11 billion.
$122 billion Assets Under Management (AUM)
As of 18th April 2024, Virginia Wealth Management Group, Inc’s top holding is 10 shares of Berkshire Hathaway currently worth over $6.34 billion and making up 5.2% of the portfolio value.
Relative to the number of outstanding shares of Berkshire Hathaway, Virginia Wealth Management Group, Inc owns more than approximately 0.1% of the company.
In addition, the fund holds 11,098 shares of Microsoft worth $4.67 billion, whose value grew 17.7% in the past six months.
The third-largest holding is Jpmorgan Chase Co worth $4.43 billion and the next is Qualcomm worth $4.32 billion, with 25,534 shares owned.
Currently, Virginia Wealth Management Group, Inc's portfolio is worth at least $122 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 Virginia Wealth Management Group, Inc
The Virginia Wealth Management Group, Inc office and employees reside in Virginia Beach, Virginia. According to the last 13-F report filed with the SEC, Scott Saal serves as the President, Chief Compliance Officer at Virginia Wealth Management Group, Inc.
Recent trades
In the most recent 13F filing, Virginia Wealth Management Group, Inc revealed that it had opened a new position in
Ishares Tr and bought 127,120 shares worth $3.17 billion.
The investment fund also strengthened its position in Mid-amer Apt Cmntys Inc by buying
10,769 additional shares.
This makes their stake in Mid-amer Apt Cmntys Inc total 23,865 shares worth $3.14 billion.
On the other hand, there are companies that Virginia Wealth Management Group, Inc is getting rid of from its portfolio.
Virginia Wealth Management Group, Inc closed its position in Ishares Tr on 25th April 2024.
It sold the previously owned 134,630 shares for $3.41 billion.
Scott Saal also disclosed a decreased stake in Berkshire Hathaway by 0.2%.
This leaves the value of the investment at $6.34 billion and 10 shares.
One of the smallest hedge funds
The two most similar investment funds to Virginia Wealth Management Group, Inc are Velan Capital Investment Management L.P. and Janus Capital Management. They manage $122 billion and $122 billion respectively.
Scott Saal investment strategy
Virginia Wealth Management Group, Inc’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Finance — making up 16.3% 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
64% 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 $274 billion.
The complete list of Virginia Wealth Management Group, Inc trades based on 13F SEC filings
These positions were updated on April 25th 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 |
|---|---|---|---|
| Berkshire Hathaway Inc. |
16.67%
10
|
$6,344,400,000 | 5.18% |
| Microsoft Corporation |
42.63%
11,098
|
$4,669,005,000 | 3.81% |
| Jpmorgan Chase Co |
22.50%
22,111
|
$4,428,900,000 | 3.62% |
| Qualcomm, Inc. |
35.31%
25,534
|
$4,322,843,000 | 3.53% |
| Chubb Limited |
22.25%
16,141
|
$4,182,548,000 | 3.42% |
| Phillips 66 |
21.66%
24,581
|
$4,015,071,000 | 3.28% |
| Darden Restaurants, Inc. |
10.48%
21,040
|
$3,516,869,000 | 2.87% |
| Ishares Tr |
Closed
134,630
|
$3,414,217,000 | |
| CVS Health Corp |
13.71%
42,317
|
$3,375,181,000 | 2.76% |
| The Southern Co. |
26.20%
45,734
|
$3,280,923,000 | 2.68% |
| Blackrock Inc. |
21.05%
3,852
|
$3,211,718,000 | 2.62% |
| Ishares Tr |
4.84%
508,480
|
$12,395,471,000 | 10.13% |
| Pepsico Inc |
22.35%
18,188
|
$3,183,147,000 | 2.60% |
| Ishares Tr |
Opened
127,120
|
$3,165,924,000 | 2.59% |
| Mid-amer Apt Cmntys Inc |
82.23%
23,865
|
$3,140,136,000 | 2.57% |
| Procter And Gamble Co |
24.47%
19,193
|
$3,113,992,000 | 2.54% |
| Kinder Morgan Inc |
17.12%
166,811
|
$3,059,305,000 | 2.50% |
| Duke Energy Corp. |
10.51%
30,972
|
$2,995,310,000 | 2.45% |
| Mcdonalds Corp |
36.92%
10,613
|
$2,992,346,000 | 2.44% |
| Aflac Inc. |
38.20%
33,636
|
$2,888,027,000 | 2.36% |
| Chevron Corp. |
9.66%
18,047
|
$2,846,747,000 | 2.33% |
| Emerson Elec Co |
25.92%
24,804
|
$2,813,249,000 | 2.30% |
| Cisco Sys Inc |
22.94%
56,144
|
$2,802,142,000 | 2.29% |
| Apple Inc |
0.96%
16,220
|
$2,781,340,000 | 2.27% |
| Price T Rowe Group Inc |
Closed
26,442
|
$2,772,974,000 | |
| Smucker J M Co |
24.37%
20,478
|
$2,577,518,000 | 2.11% |
| AMGEN Inc. |
24.19%
8,436
|
$2,398,453,000 | 1.96% |
| Spdr Gold Tr |
Closed
13,695
|
$2,348,008,000 | |
| Walmart Inc |
117.72%
38,732
|
$2,330,494,000 | 1.90% |
| Stag Indl Inc |
3.66%
60,061
|
$2,308,744,000 | 1.89% |
| United Parcel Service, Inc. |
32.85%
13,890
|
$2,064,439,000 | 1.69% |
| Medtronic Plc |
21.07%
22,192
|
$1,934,039,000 | 1.58% |
| Realty Income Corp. |
15.59%
34,653
|
$1,874,708,000 | 1.53% |
| Waste Mgmt Inc Del |
Closed
11,811
|
$1,800,483,000 | |
| Home Depot, Inc. |
12.78%
4,667
|
$1,790,331,000 | 1.46% |
| Markel Group Inc |
47.42%
1,172
|
$1,783,175,000 | 1.46% |
| Verizon Communications Inc |
26.85%
42,041
|
$1,764,031,000 | 1.44% |
| Dominion Energy Inc |
36.11%
35,629
|
$1,752,600,000 | 1.43% |
| Analog Devices Inc. |
7.08%
6,566
|
$1,298,689,000 | 1.06% |
| Blackstone Inc |
20.72%
9,774
|
$1,284,071,000 | 1.05% |
| Spdr Sp 500 Etf Tr |
No change
2,000
|
$1,046,140,000 | 0.85% |
| Lowes Cos Inc |
38.01%
3,906
|
$995,019,000 | 0.81% |
| Johnson & Johnson |
Closed
6,066
|
$944,839,000 | |
| Unitedhealth Group Inc |
3.52%
1,835
|
$908,003,000 | 0.74% |
| Sysco Corp. |
Closed
12,275
|
$810,748,000 | |
| Abbott Labs |
59.51%
6,483
|
$736,912,000 | 0.60% |
| Costco Whsl Corp New |
29.78%
915
|
$670,713,000 | 0.55% |
| Ishares Silver Tr |
Closed
31,458
|
$639,856,000 | |
| Norfolk Southn Corp |
48.80%
2,369
|
$603,665,000 | 0.49% |
| Bank America Corp |
Closed
20,422
|
$559,165,000 | |
| Pfizer Inc. |
Closed
16,445
|
$545,468,000 | |
| Meta Platforms Inc |
Closed
1,580
|
$474,332,000 | |
| Becton Dickinson Co |
7.48%
1,855
|
$459,020,000 | 0.38% |
| Abbvie Inc |
Closed
3,058
|
$455,877,000 | |
| Automatic Data Processing In |
Closed
1,875
|
$451,088,000 | |
| Equifax, Inc. |
No change
1,500
|
$401,280,000 | 0.33% |
| Consolidated Edison, Inc. |
No change
4,300
|
$390,483,000 | 0.32% |
| Nike, Inc. |
49.22%
3,714
|
$349,050,000 | 0.29% |
| Cintas Corporation |
75.00%
500
|
$343,515,000 | 0.28% |
| American Elec Pwr Co Inc |
No change
3,509
|
$302,125,000 | 0.25% |
| Illinois Tool Wks Inc |
Closed
1,304
|
$300,424,000 | |
| Coca-Cola Co |
29.46%
4,550
|
$278,369,000 | 0.23% |
| Starbucks Corp. |
Closed
2,799
|
$255,426,000 | |
| Travelers Companies Inc. |
Closed
1,418
|
$231,628,000 | |
| Alphabet Inc |
Closed
1,710
|
$225,464,000 | |
| Berkshire Hathaway Inc. |
Opened
534
|
$224,558,000 | 0.18% |
| Sprott Physical Silver Tr |
Closed
28,300
|
$214,514,000 | |
| Intel Corp. |
Closed
6,000
|
$213,300,000 | |
| No transactions found | |||
| Showing first 500 out of 68 holdings | |||
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