Zullo Investment 13F annual report

Zullo Investment is an investment fund managing more than $227 billion ran by Tracy Zullo. There are currently 126 companies in Mrs. Zullo’s portfolio. The largest investments include Apple Inc and NVIDIA Corp, together worth $52.4 billion.

Limited to 30 biggest holdings

$227 billion Assets Under Management (AUM)

As of 6th August 2024, Zullo Investment’s top holding is 171,347 shares of Apple Inc currently worth over $36.1 billion and making up 15.9% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Zullo Investment owns more than approximately 0.1% of the company. In addition, the fund holds 131,961 shares of NVIDIA Corp worth $16.3 billion, whose value fell 84.9% in the past six months. The third-largest holding is Microsoft worth $15.3 billion and the next is Amazon.com worth $8.75 billion, with 45,297 shares owned.

Currently, Zullo Investment's portfolio is worth at least $227 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 Zullo Investment

The Zullo Investment office and employees reside in Scranton, Pennsylvania. According to the last 13-F report filed with the SEC, Tracy Zullo serves as the Principal at Zullo Investment.

Recent trades

In the most recent 13F filing, Zullo Investment revealed that it had opened a new position in Arm Holdings Plc and bought 1,922 shares worth $314 million.

The investment fund also strengthened its position in Apple Inc by buying 675 additional shares. This makes their stake in Apple Inc total 171,347 shares worth $36.1 billion. Apple Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Zullo Investment is getting rid of from its portfolio. Zullo Investment closed its position in Pfizer on 13th August 2024. It sold the previously owned 15,452 shares for $445 million. Tracy Zullo also disclosed a decreased stake in Amazon.com by approximately 0.1%. This leaves the value of the investment at $8.75 billion and 45,297 shares.

One of the smallest hedge funds

The two most similar investment funds to Zullo Investment are Watershed Private Wealth and Corbyn Investment Management Inc/md. They manage $227 billion and $227 billion respectively.


Tracy Zullo investment strategy

Zullo Investment’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 25.3% of the total portfolio value. The fund focuses on investments in the United States as 59.5% 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 62% of the total holdings value. On the other hand, small-cap stocks make up only 1.6% of the portfolio. The average market cap of the portfolio companies is close to $200 billion.

The complete list of Zullo Investment trades based on 13F SEC filings

These positions were updated on August 13th 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
Apple Inc
0.40%
171,347
$36,089,314,000 15.89%
NVIDIA Corp
835.63%
131,961
$16,302,524,000 7.18%
Microsoft Corporation
0.72%
34,129
$15,254,452,000 6.71%
Amazon.com Inc.
0.72%
45,297
$8,753,645,000 3.85%
Select Sector Spdr Tr
3.04%
348,600
$31,007,098,000 13.65%
Meta Platforms Inc
5.04%
13,544
$6,829,544,000 3.01%
Jpmorgan Chase Co.
1.22%
20,504
$4,147,200,000 1.83%
Alphabet Inc
1.56%
30,295
$5,542,935,000 2.44%
Berkshire Hathaway Inc.
4.59%
5,484
$5,290,343,000 2.33%
Home Depot, Inc.
2.42%
8,350
$2,874,726,000 1.27%
Walmart Inc
205.63%
39,870
$2,699,637,000 1.19%
Johnson Johnson
3.42%
17,875
$2,612,729,000 1.15%
Schwab Strategic Tr
0.75%
39,175
$2,857,278,000 1.26%
Procter And Gamble Co
0.74%
15,233
$2,512,230,000 1.11%
United Parcel Service, Inc.
6.83%
17,626
$2,412,223,000 1.06%
Verizon Communications Inc
3.97%
54,703
$2,255,964,000 0.99%
Tesla Inc
8.62%
10,437
$2,065,274,000 0.91%
Vanguard Index Fds
2.86%
6,628
$2,814,101,000 1.24%
Fedex Corp
12.86%
6,457
$1,936,105,000 0.85%
Costco Whsl Corp New
0.90%
2,238
$1,902,739,000 0.84%
Visa Inc
1.25%
7,151
$1,877,068,000 0.83%
Netflix Inc.
0.48%
2,712
$1,830,275,000 0.81%
Ishares Tr
18.81%
38,597
$5,071,803,000 2.23%
Advanced Micro Devices Inc.
7.40%
11,068
$1,795,340,000 0.79%
International Business Machs
0.55%
9,880
$1,709,009,000 0.75%
Unitedhealth Group Inc
4.00%
3,351
$1,706,802,000 0.75%
Mcdonalds Corp
0.55%
6,370
$1,623,436,000 0.71%
Exxon Mobil Corp.
3.50%
13,950
$1,605,993,000 0.71%
Crowdstrike Holdings Inc
2.30%
4,099
$1,570,696,000 0.69%
Schwab Charles Corp
8.46%
20,585
$1,516,985,000 0.67%
Qualcomm, Inc.
13.88%
7,523
$1,498,613,000 0.66%
Vanguard World Fd
No change
2,477
$1,428,213,000 0.63%
Merck Co Inc
0.11%
11,409
$1,412,556,000 0.62%
Eli Lilly Co
21.71%
1,463
$1,324,675,000 0.58%
Boeing Co.
18.85%
6,968
$1,268,246,000 0.56%
Pepsico Inc
0.45%
7,594
$1,252,487,000 0.55%
Coca-Cola Co
0.80%
18,418
$1,172,337,000 0.52%
Broadcom Inc
2.29%
714
$1,147,829,000 0.51%
Goldman Sachs Group, Inc.
0.40%
2,523
$1,141,243,000 0.50%
Morgan Stanley
3.58%
11,485
$1,116,255,000 0.49%
Prudential Finl Inc
5.12%
9,388
$1,100,187,000 0.48%
Uber Technologies Inc
14.99%
15,001
$1,090,273,000 0.48%
First Tr Nas100 Eq Weighted
No change
8,650
$1,066,459,000 0.47%
Target Corp
16.74%
6,898
$1,021,268,000 0.45%
Lowes Cos Inc
0.78%
4,391
$968,191,000 0.43%
Disney Walt Co
3.12%
9,280
$921,606,000 0.41%
Abbvie Inc
0.52%
5,128
$879,687,000 0.39%
Lockheed Martin Corp.
7.44%
1,675
$782,855,000 0.34%
NextEra Energy Inc
4.13%
10,930
$774,015,000 0.34%
American Express Co.
7.77%
3,247
$752,158,000 0.33%
Chevron Corp.
6.63%
4,775
$747,131,000 0.33%
Analog Devices Inc.
3.29%
3,236
$738,756,000 0.33%
Illinois Tool Wks Inc
2.60%
3,108
$736,616,000 0.32%
Cisco Sys Inc
0.29%
15,399
$731,645,000 0.32%
Freeport-McMoRan Inc
2.65%
14,448
$702,233,000 0.31%
PPL Corp
11.83%
24,979
$690,670,000 0.30%
ServiceNow Inc
1.30%
832
$654,509,000 0.29%
Bank America Corp
3.88%
15,842
$630,085,000 0.28%
Shopify Inc
14.54%
9,200
$607,660,000 0.27%
Salesforce Inc
13.65%
2,290
$588,830,000 0.26%
Caterpillar Inc.
4.73%
1,753
$583,945,000 0.26%
Nike, Inc.
17.74%
7,339
$553,169,000 0.24%
Waste Mgmt Inc Del
2.31%
2,578
$550,194,000 0.24%
General Dynamics Corp.
5.48%
1,880
$545,500,000 0.24%
3M Co.
29.59%
5,330
$544,775,000 0.24%
Honeywell International Inc
4.55%
2,477
$529,086,000 0.23%
RTX Corp
4.50%
5,127
$514,841,000 0.23%
First Tr Exchange-traded Fd
1.18%
9,258
$506,895,000 0.22%
Spdr Sp 500 Etf Tr
2.46%
916
$498,506,000 0.22%
Microchip Technology, Inc.
0.70%
5,360
$490,511,000 0.22%
Clorox Co.
3.23%
3,548
$484,196,000 0.21%
Kimberly-Clark Corp.
0.06%
3,388
$468,264,000 0.21%
Automatic Data Processing In
8.36%
1,867
$445,636,000 0.20%
Pfizer Inc.
Closed
15,452
$444,867,000
Adobe Inc
0.38%
795
$441,654,000 0.19%
Kraft Heinz Co
0.01%
13,631
$439,192,000 0.19%
Nucor Corp.
2.25%
2,777
$439,001,000 0.19%
Palo Alto Networks Inc
35.13%
1,254
$425,119,000 0.19%
AMGEN Inc.
0.90%
1,351
$422,335,000 0.19%
Abbott Labs
1.06%
3,919
$407,223,000 0.18%
Philip Morris International Inc
0.67%
3,935
$398,771,000 0.18%
Comcast Corp New
3.94%
10,154
$397,655,000 0.18%
Mastercard Incorporated
11.35%
893
$394,456,000 0.17%
L3Harris Technologies Inc
4.06%
1,723
$387,018,000 0.17%
Capital One Finl Corp
0.72%
2,780
$384,909,000 0.17%
Starbucks Corp.
4.29%
4,819
$375,240,000 0.17%
Vertex Pharmaceuticals, Inc.
0.51%
780
$365,602,000 0.16%
Spotify Technology S.A.
No change
1,155
$362,427,000 0.16%
Seagate Technology Hldngs Pl
0.32%
3,417
$352,874,000 0.16%
Lam Research Corp.
9.24%
324
$345,332,000 0.15%
Wells Fargo Co New
18.97%
5,804
$344,778,000 0.15%
Marathon Pete Corp
1.18%
1,848
$320,591,000 0.14%
Blackrock Inc.
1.50%
405
$318,865,000 0.14%
Air Prods Chems Inc
7.04%
1,232
$318,135,000 0.14%
Chipotle Mexican Grill
5,297.85%
5,020
$314,503,000 0.14%
Arm Holdings Plc
Opened
1,922
$314,478,000 0.14%
Colgate-Palmolive Co.
0.50%
3,182
$308,781,000 0.14%
Oracle Corp.
0.46%
2,173
$307,102,000 0.14%
Citigroup Inc
12.70%
4,791
$304,051,000 0.13%
Altria Group Inc.
1.52%
6,459
$294,236,000 0.13%
Pnc Finl Svcs Group Inc
3.32%
1,837
$285,748,000 0.13%
Intel Corp.
2.66%
9,074
$281,030,000 0.12%
Aflac Inc.
1.50%
3,143
$280,701,000 0.12%
Autodesk Inc.
2.13%
1,104
$273,185,000 0.12%
Palantir Technologies Inc.
Opened
10,538
$266,928,000 0.12%
Allstate Corp (The)
2.35%
1,660
$265,036,000 0.12%
Two Hbrs Invt Corp
Opened
19,965
$263,747,000 0.12%
The Southern Co.
2.33%
3,357
$260,472,000 0.11%
Fidelity D D Bancorp Inc
4.04%
5,943
$260,303,000 0.11%
Chubb Limited
Opened
1,014
$258,651,000 0.11%
Phillips 66
2.21%
1,768
$249,629,000 0.11%
Skyworks Solutions, Inc.
24.86%
2,260
$240,871,000 0.11%
Thermo Fisher Scientific Inc.
0.96%
421
$232,933,000 0.10%
Vanguard Tax-managed Fds
18.81%
4,705
$232,521,000 0.10%
Norfolk Southn Corp
Closed
962
$227,418,000
Medtronic Plc
6.96%
2,848
$224,166,000 0.10%
Vanguard Specialized Funds
No change
1,225
$223,624,000 0.10%
Booking Holdings Inc
Opened
56
$222,136,000 0.10%
Dow Inc
19.74%
4,150
$220,167,000 0.10%
Cummins Inc.
Opened
787
$218,086,000 0.10%
Deere Co
Closed
543
$217,251,000
Union Pac Corp
Closed
880
$216,386,000
Grainger W W Inc
Opened
233
$210,554,000 0.09%
Proshares Tr
Closed
2,650
$201,447,000
SoFi Technologies, Inc.
Closed
18,250
$181,588,000
Pimco Corporate Income Opp
Opened
12,239
$175,144,000 0.08%
Invesco Tr Invt Grade Muns
No change
13,500
$138,645,000 0.06%
Ford Mtr Co Del
19.14%
10,417
$130,653,000 0.06%
Community Health Sys Inc New
Opened
17,000
$57,120,000 0.03%
Prokidney Corp
Opened
20,420
$50,233,000 0.02%
Evgo Inc
45.35%
13,800
$33,810,000 0.01%
Apollomics Inc
Closed
14,853
$14,333,000
Outlook Therapeutics Inc
Closed
24,000
$9,456,000
Aligos Therapeutics, Inc.
No change
13,000
$4,550,000 0.00%
Brainstorm Cell Therapeutics, Inc.
Closed
16,114
$4,399,000
No transactions found
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