Future Fund 13F annual report
Future Fund is an investment fund managing more than $39.8 billion ran by David Kalis. There are currently 33 companies in Mr. Kalis’s portfolio. The largest investments include Alphabet Inc and Eli Lilly & Co, together worth $6.27 billion.
$39.8 billion Assets Under Management (AUM)
As of 7th August 2024, Future Fund’s top holding is 20,952 shares of Alphabet Inc currently worth over $3.83 billion and making up 9.6% of the portfolio value.
Relative to the number of outstanding shares of Alphabet Inc, Future Fund owns more than approximately 0.1% of the company.
In addition, the fund holds 2,660 shares of Eli Lilly & Co worth $2.43 billion.
The third-largest holding is NVIDIA Corp worth $2.42 billion and the next is Halozyme Therapeutics worth $1.89 billion, with 36,295 shares owned.
Currently, Future Fund's portfolio is worth at least $39.8 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 Future Fund
The Future Fund office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, David Kalis serves as the Chief Compliance Officer at Future Fund.
Recent trades
In the most recent 13F filing, Future Fund revealed that it had opened a new position in
Quanta Svcs Inc and bought 4,770 shares worth $1.18 billion.
The investment fund also strengthened its position in Alphabet Inc by buying
13,220 additional shares.
This makes their stake in Alphabet Inc total 20,952 shares worth $3.83 billion.
Alphabet Inc soared 25.9% in the past year.
On the other hand, there are companies that Future Fund is getting rid of from its portfolio.
Future Fund closed its position in Baidu Inc on 14th August 2024.
It sold the previously owned 3,632 shares for $382 million.
David Kalis also disclosed a decreased stake in Tesla Inc by 0.2%.
This leaves the value of the investment at $387 million and 1,842 shares.
One of the smallest hedge funds
The two most similar investment funds to Future Fund are Vista Finance and Cibc World Market Inc. They manage $39.9 billion and $40.1 billion respectively.
David Kalis investment strategy
Future Fund’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 39.6% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% 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
55% 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 $123 billion.
The complete list of Future Fund trades based on 13F SEC filings
These positions were updated on August 14th 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 |
|---|---|---|---|
| Alphabet Inc |
170.98%
20,952
|
$3,834,006,000 | 9.62% |
| Eli Lilly & Co |
208.58%
2,660
|
$2,432,224,000 | 6.10% |
| NVIDIA Corp |
2,198.70%
19,470
|
$2,420,121,000 | 6.07% |
| Halozyme Therapeutics Inc. |
195.68%
36,295
|
$1,888,066,000 | 4.74% |
| Chart Inds Inc |
196.59%
10,621
|
$1,487,683,000 | 3.73% |
| Salesforce Inc |
247.47%
5,775
|
$1,479,613,000 | 3.71% |
| Uber Technologies Inc |
189.77%
19,484
|
$1,385,312,000 | 3.48% |
| Airbnb, Inc. |
181.06%
8,873
|
$1,345,413,000 | 3.38% |
| Netflix Inc. |
171.71%
1,940
|
$1,306,803,000 | 3.28% |
| Micron Technology Inc. |
74.66%
9,383
|
$1,234,052,000 | 3.10% |
| Lpl Finl Hldgs Inc |
208.33%
4,292
|
$1,210,773,000 | 3.04% |
| Kratos Defense & Sec Solutio |
225.91%
60,245
|
$1,189,236,000 | 2.98% |
| Quanta Svcs Inc |
Opened
4,770
|
$1,181,100,000 | 2.96% |
| Schwab Charles Corp |
240.22%
16,004
|
$1,175,014,000 | 2.95% |
| Advanced Micro Devices Inc. |
Opened
7,349
|
$1,158,864,000 | 2.91% |
| DoorDash Inc |
297.71%
10,233
|
$1,110,383,000 | 2.79% |
| Edwards Lifesciences Corp |
297.21%
11,535
|
$1,041,034,000 | 2.61% |
| Vertex Pharmaceuticals, Inc. |
238.08%
2,184
|
$1,029,210,000 | 2.58% |
| Palo Alto Networks Inc |
308.82%
3,013
|
$1,027,132,000 | 2.58% |
| Chipotle Mexican Grill |
9,105.75%
16,018
|
$990,073,000 | 2.48% |
| Green Plains Inc |
209.99%
60,297
|
$937,015,000 | 2.35% |
| Wolfspeed Inc |
297.25%
40,547
|
$913,929,000 | 2.29% |
| Lululemon Athletica inc. |
184.44%
2,924
|
$884,101,000 | 2.22% |
| Corning, Inc. |
Opened
22,801
|
$881,487,000 | 2.21% |
| GitLab Inc. |
229.50%
17,045
|
$875,090,000 | 2.20% |
| Microchip Technology, Inc. |
Opened
8,300
|
$760,197,000 | 1.91% |
| Rivian Automotive, Inc. |
187.73%
54,226
|
$754,826,000 | 1.89% |
| Globant S.A. |
Opened
4,200
|
$740,418,000 | 1.86% |
| Exact Sciences Corp. |
Opened
17,220
|
$730,645,000 | 1.83% |
| Celsius Holdings Inc |
136.63%
12,331
|
$713,225,000 | 1.79% |
| Asml Holding N V |
Opened
650
|
$671,769,000 | 1.69% |
| Embraer S.A. |
Opened
25,691
|
$668,994,000 | 1.68% |
| Tesla Inc |
16.35%
1,842
|
$386,562,000 | 0.97% |
| Baidu Inc |
Closed
3,632
|
$382,377,000 | |
| Zoetis Inc |
Closed
1,810
|
$306,270,000 | |
| CIENA Corp. |
Closed
4,212
|
$208,283,000 | |
| No transactions found | |||
| Showing first 500 out of 36 holdings | |||
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