Finer Wealth Management 13F annual report
Finer Wealth Management is an investment fund managing more than $152 billion ran by Gary Coon. There are currently 73 companies in Mr. Coon’s portfolio. The largest investments include Eli Lilly & Co and Microsoft, together worth $24.8 billion.
$152 billion Assets Under Management (AUM)
As of 19th April 2024, Finer Wealth Management’s top holding is 16,845 shares of Eli Lilly & Co currently worth over $13.1 billion and making up 8.6% of the portfolio value.
In addition, the fund holds 27,866 shares of Microsoft worth $11.7 billion, whose value grew 22.3% in the past six months.
The third-largest holding is Apple Inc worth $11.7 billion and the next is Amazon.com worth $8.11 billion, with 44,962 shares owned.
Currently, Finer Wealth Management's portfolio is worth at least $152 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 Finer Wealth Management
The Finer Wealth Management office and employees reside in Salem, Massachusetts. According to the last 13-F report filed with the SEC, Gary Coon serves as the Chief Compliance Officer at Finer Wealth Management.
Recent trades
In the most recent 13F filing, Finer Wealth Management revealed that it had opened a new position in
Grayscale Bitcoin Tr Btc and bought 19,021 shares worth $1.2 billion.
The investment fund also strengthened its position in Microsoft by buying
393 additional shares.
This makes their stake in Microsoft total 27,866 shares worth $11.7 billion.
Microsoft soared 35.7% in the past year.
On the other hand, there are companies that Finer Wealth Management is getting rid of from its portfolio.
Finer Wealth Management closed its position in Boeing Co on 26th April 2024.
It sold the previously owned 1,353 shares for $353 million.
Gary Coon also disclosed a decreased stake in Eli Lilly & Co by approximately 0.1%.
This leaves the value of the investment at $13.1 billion and 16,845 shares.
One of the smallest hedge funds
The two most similar investment funds to Finer Wealth Management are Riverstone Advisors and Gray Private Wealth. They manage $152 billion and $152 billion respectively.
Gary Coon investment strategy
Finer Wealth Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 27.7% of
the total portfolio value.
The fund focuses on investments in the United States as
64.4% 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
58% 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 $261 billion.
The complete list of Finer Wealth Management trades based on 13F SEC filings
These positions were updated on April 26th 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 |
|---|---|---|---|
| Eli Lilly & Co |
4.53%
16,845
|
$13,104,681,000 | 8.63% |
| Microsoft Corporation |
1.43%
27,866
|
$11,723,853,000 | 7.72% |
| Apple Inc |
2.02%
67,999
|
$11,660,478,000 | 7.68% |
| Amazon.com Inc. |
6.30%
44,962
|
$8,110,172,000 | 5.34% |
| NVIDIA Corp |
8.27%
7,479
|
$6,757,357,000 | 4.45% |
| Meta Platforms Inc |
3.33%
13,558
|
$6,583,476,000 | 4.33% |
| Merck & Co Inc |
1.79%
45,042
|
$5,943,341,000 | 3.91% |
| Alphabet Inc |
3.85%
41,917
|
$6,333,914,000 | 4.17% |
| JPMorgan Chase & Co. |
10.29%
21,252
|
$4,256,802,000 | 2.80% |
| Procter And Gamble Co |
4.59%
24,670
|
$4,002,649,000 | 2.64% |
| Caterpillar Inc. |
4.04%
10,170
|
$3,726,439,000 | 2.45% |
| Salesforce Inc |
6.84%
12,193
|
$3,672,288,000 | 2.42% |
| Intel Corp. |
5.61%
74,210
|
$3,277,859,000 | 2.16% |
| Exxon Mobil Corp. |
0.58%
26,564
|
$3,087,808,000 | 2.03% |
| Walmart Inc |
218.85%
49,317
|
$2,967,413,000 | 1.95% |
| Advanced Micro Devices Inc. |
19.32%
15,817
|
$2,854,781,000 | 1.88% |
| Pepsico Inc |
4.32%
15,463
|
$2,706,112,000 | 1.78% |
| Chevron Corp. |
0.86%
15,530
|
$2,449,680,000 | 1.61% |
| Energy Transfer L P |
34.27%
153,726
|
$2,418,105,000 | 1.59% |
| Verizon Communications Inc |
1.22%
55,407
|
$2,324,858,000 | 1.53% |
| Bristol-Myers Squibb Co. |
11.93%
41,795
|
$2,266,549,000 | 1.49% |
| Mcdonalds Corp |
9.81%
8,003
|
$2,256,539,000 | 1.49% |
| AT&T, Inc. |
1.31%
126,908
|
$2,233,576,000 | 1.47% |
| Bank America Corp |
24.49%
47,876
|
$1,815,445,000 | 1.20% |
| Pfizer Inc. |
19.33%
60,486
|
$1,678,475,000 | 1.11% |
| Kraft Heinz Co |
5.81%
43,688
|
$1,612,078,000 | 1.06% |
| Schwab Charles Corp |
54.92%
22,084
|
$1,597,522,000 | 1.05% |
| Thermo Fisher Scientific Inc. |
8.29%
2,721
|
$1,581,738,000 | 1.04% |
| Taiwan Semiconductor Mfg Ltd |
20.94%
11,401
|
$1,551,106,000 | 1.02% |
| Sunoco Lp/sunoco Fin Corp |
14.93%
25,601
|
$1,543,490,000 | 1.02% |
| Johnson & Johnson |
21.24%
8,805
|
$1,392,912,000 | 0.92% |
| Deere & Co. |
26.30%
3,021
|
$1,241,038,000 | 0.82% |
| Ishares Tr |
17.11%
39,299
|
$1,687,563,000 | 1.11% |
| Grayscale Bitcoin Tr Btc |
Opened
19,021
|
$1,201,557,000 | 0.79% |
| Lockheed Martin Corp. |
45.47%
2,310
|
$1,050,693,000 | 0.69% |
| Spdr Gold Tr |
10.38%
4,724
|
$971,821,000 | 0.64% |
| Cisco Sys Inc |
0.69%
18,041
|
$900,426,000 | 0.59% |
| Air Prods & Chems Inc |
21.39%
3,518
|
$852,243,000 | 0.56% |
| Spdr S&p 500 Etf Tr |
0.74%
1,491
|
$779,897,000 | 0.51% |
| Texas Instrs Inc |
75.84%
4,264
|
$742,883,000 | 0.49% |
| Goldman Sachs Group, Inc. |
17.45%
1,708
|
$713,470,000 | 0.47% |
| Xcel Energy Inc. |
No change
12,750
|
$685,313,000 | 0.45% |
| Altria Group Inc. |
0.43%
15,545
|
$678,073,000 | 0.45% |
| Kimberly-Clark Corp. |
17.36%
5,116
|
$661,811,000 | 0.44% |
| Visa Inc |
29.53%
2,363
|
$659,584,000 | 0.43% |
| Disney Walt Co |
16.45%
5,317
|
$650,622,000 | 0.43% |
| Tesla Inc |
0.66%
3,677
|
$646,291,000 | 0.43% |
| Home Depot, Inc. |
2.08%
1,620
|
$621,391,000 | 0.41% |
| Coca-Cola Co |
No change
10,101
|
$617,962,000 | 0.41% |
| Eversource Energy |
No change
10,330
|
$617,424,000 | 0.41% |
| RTX Corp |
7.70%
6,315
|
$615,939,000 | 0.41% |
| CMS Energy Corporation |
No change
10,139
|
$611,787,000 | 0.40% |
| Broadcom Inc. |
No change
368
|
$487,751,000 | 0.32% |
| International Business Machs |
0.20%
2,529
|
$482,979,000 | 0.32% |
| Enterprise Prods Partners L |
29.06%
15,461
|
$451,155,000 | 0.30% |
| Centerpoint Energy Inc. |
No change
15,049
|
$428,746,000 | 0.28% |
| Ford Mtr Co Del |
0.61%
29,290
|
$388,971,000 | 0.26% |
| Eastern Bankshares, Inc. |
11.92%
27,971
|
$385,434,000 | 0.25% |
| Vanguard Specialized Funds |
No change
2,083
|
$380,377,000 | 0.25% |
| Schwab Strategic Tr |
8.48%
8,303
|
$717,311,000 | 0.47% |
| Boeing Co. |
Closed
1,353
|
$352,673,000 | |
| Intuitive Surgical Inc |
No change
837
|
$334,038,000 | 0.22% |
| Micron Technology Inc. |
17.77%
2,762
|
$325,655,000 | 0.21% |
| UDR Inc |
No change
8,064
|
$301,674,000 | 0.20% |
| Ishares Tr |
Opened
2,148
|
$294,749,000 | 0.19% |
| Netflix Inc. |
5.66%
483
|
$293,601,000 | 0.19% |
| Schwab Strategic Tr |
Opened
5,897
|
$290,368,000 | 0.19% |
| Franklin Resources, Inc. |
No change
10,106
|
$284,080,000 | 0.19% |
| British Amern Tob Plc |
No change
9,072
|
$276,696,000 | 0.18% |
| Ishares Tr |
Closed
5,249
|
$490,301,000 | |
| SunCoke Energy Inc |
No change
22,298
|
$251,298,000 | 0.17% |
| American Elec Pwr Co Inc |
Closed
2,762
|
$224,330,000 | |
| Walgreens Boots Alliance Inc |
Closed
8,488
|
$221,622,000 | |
| Wells Fargo Co New |
22.32%
3,581
|
$207,555,000 | 0.14% |
| Philip Morris International Inc |
No change
2,243
|
$205,504,000 | 0.14% |
| Dow Inc |
10.68%
3,496
|
$202,528,000 | 0.13% |
| Brookfield Infrast Partners |
Closed
6,427
|
$202,386,000 | |
| The Southern Co. |
Opened
2,808
|
$201,446,000 | 0.13% |
| No transactions found | |||
| Showing first 500 out of 78 holdings | |||
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