Wahed Invest 13F annual report

Wahed Invest is an investment fund managing more than $193 billion ran by Musa Abdul-basser. There are currently 236 companies in Mr. Abdul-basser’s portfolio. The largest investments include Apple Inc and Microsoft, together worth $48.4 billion.

Limited to 30 biggest holdings

$193 billion Assets Under Management (AUM)

As of 7th February 2023, Wahed Invest’s top holding is 193,722 shares of Apple Inc currently worth over $25.2 billion and making up 13.1% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Wahed Invest owns more than approximately 0.1% of the company. In addition, the fund holds 96,958 shares of Microsoft worth $23.3 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Johnson & Johnson worth $5.96 billion and the next is Exxon Mobil worth $5.82 billion, with 52,772 shares owned.

Currently, Wahed Invest's portfolio is worth at least $193 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 Wahed Invest

The Wahed Invest office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Musa Abdul-basser serves as the Chief Legal & Compliance Officer at Wahed Invest.

Recent trades

In the most recent 13F filing, Wahed Invest revealed that it had opened a new position in Nike and bought 15,932 shares worth $1.86 billion. This means they effectively own approximately 0.1% of the company. Nike makes up 5.0% of the fund's Consumer Discretionary sector allocation and has decreased its share price by 11.6% in the past year.

The investment fund also strengthened its position in Apple Inc by buying 30,822 additional shares. This makes their stake in Apple Inc total 193,722 shares worth $25.2 billion. Apple Inc dropped 8.9% in the past year.

On the other hand, there are companies that Wahed Invest is getting rid of from its portfolio. Wahed Invest closed its position in International Business Machs on 14th February 2023. It sold the previously owned 9,573 shares for $1.35 million. Musa Abdul-basser also disclosed a decreased stake in Barrick Gold by approximately 0.1%. This leaves the value of the investment at $151 million and 8,793 shares.

One of the average hedge funds

The two most similar investment funds to Wahed Invest are Roman Butler Fullerton & Co and Townsend Asset Management Corp nc adv. They manage $193 billion and $193 billion respectively.


Musa Abdul-basser investment strategy

Wahed Invest’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 22.3% of the total portfolio value. The fund focuses on investments in the United States as 62.3% 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 approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $77 billion.

The complete list of Wahed Invest trades based on 13F SEC filings

These positions were updated on February 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
Apple Inc
18.92%
193,722
$25,170,299,000 13.05%
Microsoft Corporation
21.62%
96,958
$23,252,468,000 12.06%
Johnson & Johnson
20.53%
33,753
$5,962,467,000 3.09%
Exxon Mobil Corp.
17.64%
52,772
$5,820,752,000 3.02%
Procter And Gamble Co
18.52%
30,234
$4,582,265,000 2.38%
Chevron Corp.
19.33%
24,987
$4,484,917,000 2.33%
Tesla Inc
278.27%
34,146
$4,206,104,000 2.18%
Lilly Eli & Co
19.73%
10,736
$3,927,658,000 2.04%
Pfizer Inc.
23.32%
74,174
$3,800,676,000 1.97%
Merck & Co Inc
20.24%
32,348
$3,589,011,000 1.86%
Meta Platforms Inc
13.73%
27,782
$3,343,286,000 1.73%
Thermo Fisher Scientific Inc.
23.71%
5,145
$2,833,300,000 1.47%
Cisco Sys Inc
19.59%
52,818
$2,516,250,000 1.30%
Abbott Labs
21.60%
22,184
$2,435,581,000 1.26%
Danaher Corp.
22.85%
8,456
$2,244,392,000 1.16%
Taiwan Semiconductor Mfg Ltd
9.92%
28,989
$2,159,391,000 1.12%
Linde Plc
19.12%
6,355
$2,072,874,000 1.07%
Bristol-Myers Squibb Co.
20.90%
27,417
$1,972,653,000 1.02%
Adobe Systems Incorporated
13.52%
5,694
$1,916,202,000 0.99%
Conocophillips
16.84%
16,184
$1,909,712,000 0.99%
Nike, Inc.
Opened
15,932
$1,864,203,000 0.97%
Salesforce Inc
21.94%
12,495
$1,656,712,000 0.86%
United Parcel Service, Inc.
20.99%
9,464
$1,645,222,000 0.85%
Qualcomm, Inc.
21.81%
14,545
$1,599,077,000 0.83%
CVS Health Corp
22.61%
17,035
$1,587,492,000 0.82%
Intel Corp.
21.66%
53,054
$1,402,217,000 0.73%
Prologis Inc
55.77%
12,315
$1,388,270,000 0.72%
Advanced Micro Devices Inc.
22.20%
20,959
$1,357,514,000 0.70%
JD.com Inc
15.41%
24,015
$1,347,962,000 0.70%
Medtronic Plc
20.99%
17,310
$1,345,333,000 0.70%
Intuitive Surgical Inc
18.78%
4,548
$1,206,812,000 0.63%
Tjx Cos Inc New
18.50%
14,893
$1,185,483,000 0.61%
Mondelez International Inc.
18.17%
17,478
$1,164,909,000 0.60%
Analog Devices Inc.
16.59%
6,514
$1,068,491,000 0.55%
Applied Matls Inc
17.06%
10,901
$1,061,539,000 0.55%
Schlumberger Ltd
22.85%
18,357
$981,365,000 0.51%
Eog Res Inc
21.00%
7,571
$980,596,000 0.51%
Regeneron Pharmaceuticals, Inc.
19.39%
1,324
$955,253,000 0.50%
Becton Dickinson & Co
19.43%
3,626
$922,092,000 0.48%
Air Prods & Chems Inc
19.76%
2,837
$874,534,000 0.45%
3M Co.
16.96%
7,103
$851,792,000 0.44%
Shopify Inc
131.36%
24,547
$851,658,000 0.44%
Boston Scientific Corp.
19.98%
18,326
$847,944,000 0.44%
Moderna Inc
Opened
4,552
$817,630,000 0.42%
Eaton Corp Plc
20.94%
5,164
$810,490,000 0.42%
Fiserv, Inc.
17.78%
7,499
$757,924,000 0.39%
Lam Research Corp.
18.56%
1,757
$738,467,000 0.38%
Emerson Elec Co
19.73%
7,566
$726,790,000 0.38%
Lauder Estee Cos Inc
20.50%
2,927
$726,218,000 0.38%
Pioneer Nat Res Co
22.78%
3,115
$711,435,000 0.37%
Marathon Pete Corp
5.22%
6,082
$707,884,000 0.37%
Micron Technology Inc.
15.70%
13,811
$690,274,000 0.36%
Freeport-McMoRan Inc
16.33%
17,994
$683,772,000 0.35%
Mckesson Corporation
16.13%
1,800
$675,216,000 0.35%
Archer Daniels Midland Co.
18.83%
7,011
$650,971,000 0.34%
Occidental Pete Corp
Opened
10,293
$648,356,000 0.34%
Phillips 66
21.37%
6,117
$636,657,000 0.33%
Sempra
21.55%
4,089
$631,914,000 0.33%
Valero Energy Corp.
14.28%
4,978
$631,509,000 0.33%
Synopsys, Inc.
17.30%
1,912
$610,482,000 0.32%
Uber Technologies Inc
21.80%
24,631
$609,125,000 0.32%
Edwards Lifesciences Corp
19.39%
7,889
$588,598,000 0.31%
Roper Technologies Inc
Opened
1,359
$587,210,000 0.30%
Johnson Ctls Intl Plc
19.34%
8,946
$572,544,000 0.30%
Agilent Technologies Inc.
18.66%
3,803
$569,119,000 0.30%
Cadence Design System Inc
20.63%
3,462
$556,136,000 0.29%
Corteva Inc
18.98%
9,221
$542,010,000 0.28%
Fedex Corp
20.21%
3,087
$534,668,000 0.28%
Palo Alto Networks Inc
263.73%
3,761
$524,810,000 0.27%
Devon Energy Corp.
21.18%
8,526
$524,434,000 0.27%
Autodesk Inc.
20.36%
2,802
$523,610,000 0.27%
Hess Corporation
21.60%
3,659
$518,919,000 0.27%
Ross Stores, Inc.
Opened
4,331
$502,699,000 0.26%
Biogen Inc
16.57%
1,815
$502,610,000 0.26%
Trane Technologies plc
17.69%
2,934
$493,176,000 0.26%
Paychex Inc.
19.86%
4,134
$477,725,000 0.25%
TE Connectivity Ltd
20.85%
4,161
$477,683,000 0.25%
Monster Beverage Corp.
Opened
4,648
$471,911,000 0.24%
Newmont Corp
19.76%
9,996
$471,811,000 0.24%
Halliburton Co.
22.68%
11,787
$463,818,000 0.24%
Lululemon Athletica inc.
20.22%
1,433
$459,105,000 0.24%
Dow Inc
15.67%
9,014
$454,215,000 0.24%
Carrier Global Corporation
21.88%
10,772
$444,345,000 0.23%
DuPont de Nemours Inc
17.82%
6,414
$440,193,000 0.23%
Cummins Inc.
20.19%
1,810
$438,545,000 0.23%
Electronic Arts, Inc.
18.59%
3,553
$434,106,000 0.23%
Nucor Corp.
15.14%
3,271
$431,151,000 0.22%
Paccar Inc.
19.24%
4,350
$430,520,000 0.22%
Illumina Inc
23.04%
2,067
$417,947,000 0.22%
Marvell Technology Inc
24.93%
11,141
$412,663,000 0.21%
Keurig Dr Pepper Inc
21.64%
11,158
$397,894,000 0.21%
Resmed Inc.
21.58%
1,876
$390,452,000 0.20%
Dollar Tree Inc
22.66%
2,734
$386,697,000 0.20%
Ppg Inds Inc
21.31%
3,057
$384,387,000 0.20%
Rockwell Automation Inc
20.24%
1,491
$384,037,000 0.20%
Cognizant Technology Solutio
19.27%
6,640
$379,742,000 0.20%
Canadian Natl Ry Co
8.64%
3,118
$370,124,000 0.19%
Constellation Energy Corp
22.23%
4,267
$367,858,000 0.19%
D.R. Horton Inc.
18.68%
4,098
$365,296,000 0.19%
Baker Hughes Company
27.41%
12,281
$362,658,000 0.19%
Old Dominion Freight Line In
16.99%
1,274
$361,536,000 0.19%
Canadian Pac Ry Ltd
Opened
4,850
$361,347,000 0.19%
Fastenal Co.
19.35%
7,347
$347,660,000 0.18%
HP Inc
14.61%
12,916
$347,053,000 0.18%
Walgreens Boots Alliance Inc
20.95%
9,279
$346,663,000 0.18%
Zimmer Biomet Holdings Inc
20.61%
2,704
$344,760,000 0.18%
Global Pmts Inc
Opened
3,469
$344,541,000 0.18%
ON Semiconductor Corp.
17.55%
5,452
$340,041,000 0.18%
International Flavors&fragra
21.27%
3,233
$338,948,000 0.18%
Gartner, Inc.
18.37%
986
$331,434,000 0.17%
Copart, Inc.
138.38%
5,428
$330,511,000 0.17%
Aptiv PLC
25.75%
3,521
$327,911,000 0.17%
Vmware Inc.
45.82%
2,670
$327,769,000 0.17%
Amerisourcebergen Corp
23.48%
1,967
$325,952,000 0.17%
Albemarle Corp.
23.42%
1,502
$325,724,000 0.17%
Vale S.A.
7.33%
18,942
$321,446,000 0.17%
Grainger W W Inc
18.97%
577
$320,956,000 0.17%
Tractor Supply Co.
19.10%
1,422
$319,907,000 0.17%
Horizon Therapeutics Pub L
16.67%
2,800
$318,640,000 0.17%
Canadian Nat Res Ltd
Opened
5,672
$314,755,000 0.16%
Corning, Inc.
21.64%
9,824
$313,779,000 0.16%
Diamondback Energy Inc
20.56%
2,281
$311,995,000 0.16%
Alexandria Real Estate Eq In
23.24%
2,132
$310,568,000 0.16%
Genuine Parts Co.
24.32%
1,784
$309,542,000 0.16%
Ulta Beauty Inc
18.03%
648
$303,957,000 0.16%
Vulcan Matls Co
24.84%
1,704
$298,387,000 0.15%
Weyerhaeuser Co Mtn Be
19.96%
9,550
$296,050,000 0.15%
Lennar Corp.
19.92%
3,449
$309,163,000 0.16%
EBay Inc.
18.48%
7,097
$294,313,000 0.15%
Fortive Corp
22.85%
4,532
$291,181,000 0.15%
Ingersoll Rand Inc.
21.02%
5,257
$274,678,000 0.14%
Lyondellbasell Industries N
20.28%
3,304
$274,331,000 0.14%
Ansys Inc.
21.74%
1,131
$273,238,000 0.14%
Martin Marietta Matls Inc
20.51%
799
$270,038,000 0.14%
Laboratory Corp Amer Hldgs
14.66%
1,134
$267,034,000 0.14%
Quanta Svcs Inc
Opened
1,825
$260,063,000 0.13%
Cardinal Health, Inc.
13.87%
3,317
$254,978,000 0.13%
Coterra Energy Inc
21.67%
10,342
$254,103,000 0.13%
Xylem Inc
19.76%
2,291
$253,316,000 0.13%
Church & Dwight Co., Inc.
20.27%
3,121
$251,584,000 0.13%
Dover Corp.
17.31%
1,803
$244,144,000 0.13%
Biomarin Pharmaceutical Inc.
19.26%
2,353
$243,512,000 0.13%
Steris Plc
48.90%
1,288
$237,881,000 0.12%
Hologic, Inc.
19.60%
3,143
$235,128,000 0.12%
Wabtec
20.33%
2,326
$232,158,000 0.12%
Perkinelmer, Inc.
21.68%
1,639
$229,821,000 0.12%
West Pharmaceutical Svsc Inc
22.78%
970
$228,290,000 0.12%
Quest Diagnostics, Inc.
15.30%
1,439
$225,117,000 0.12%
Marathon Oil Corporation
Opened
8,289
$224,383,000 0.12%
Idex Corporation
19.88%
971
$221,708,000 0.11%
Pinduoduo Inc
34.87%
2,684
$218,880,000 0.11%
Align Technology, Inc.
22.82%
1,028
$216,805,000 0.11%
Take-two Interactive Softwar
Opened
2,075
$216,070,000 0.11%
Omnicom Group, Inc.
20.41%
2,619
$213,632,000 0.11%
Cf Inds Hldgs Inc
11.73%
2,486
$211,807,000 0.11%
Expeditors Intl Wash Inc
13.36%
2,020
$209,918,000 0.11%
Steel Dynamics Inc.
11.46%
2,130
$208,101,000 0.11%
Cooper Cos Inc
21.12%
625
$206,669,000 0.11%
Smucker J M Co
15.70%
1,297
$205,523,000 0.11%
Paycom Software Inc
28.40%
660
$204,805,000 0.11%
FMC Corp.
19.70%
1,610
$200,928,000 0.10%
Icon Plc
19.84%
1,027
$199,495,000 0.10%
Mosaic Co New
Opened
4,371
$191,756,000 0.10%
Hunt J B Trans Svcs Inc
19.24%
1,060
$184,822,000 0.10%
Garmin Ltd
20.27%
1,982
$182,919,000 0.09%
Alcon Ag
6.86%
2,634
$179,870,000 0.09%
Bunge Limited
19.24%
1,785
$178,089,000 0.09%
Waste Connections Inc
6.76%
1,342
$177,765,000 0.09%
Burlington Stores Inc
22.40%
858
$173,968,000 0.09%
Teradyne, Inc.
Opened
1,984
$173,302,000 0.09%
NVR Inc.
Opened
37
$170,665,000 0.09%
LKQ Corp
12.66%
3,185
$170,111,000 0.09%
Zebra Technologies Corporati
18.43%
662
$169,743,000 0.09%
Tyler Technologies, Inc.
18.72%
520
$167,653,000 0.09%
Bio-Techne Corp
386.27%
2,018
$167,252,000 0.09%
Akamai Technologies Inc
16.66%
1,975
$166,493,000 0.09%
Interpublic Group Cos Inc
26.34%
4,969
$165,517,000 0.09%
Trimble Inc
22.42%
3,265
$165,078,000 0.09%
PTC Inc
19.64%
1,346
$161,574,000 0.08%
International Paper Co.
17.66%
4,656
$161,237,000 0.08%
Snap-on, Inc.
21.21%
680
$155,373,000 0.08%
Gen Digital Inc
19.44%
7,208
$154,467,000 0.08%
Packaging Corp Amer
19.88%
1,182
$151,190,000 0.08%
Teleflex Incorporated
21.04%
604
$150,777,000 0.08%
Barrick Gold Corp.
0.51%
8,793
$150,622,000 0.08%
Stanley Black & Decker Inc
Opened
1,915
$143,855,000 0.07%
Ferrari N.V.
8.39%
672
$143,581,000 0.07%
Celanese Corp
Opened
1,379
$140,989,000 0.07%
Amdocs Ltd
18.11%
1,546
$140,531,000 0.07%
Henry Schein Inc.
19.73%
1,754
$140,092,000 0.07%
Franco Nev Corp
Opened
1,015
$138,262,000 0.07%
Regency Ctrs Corp
20.43%
2,205
$137,813,000 0.07%
Pulte Group Inc
16.14%
2,936
$133,676,000 0.07%
Okta Inc
46.46%
1,942
$132,697,000 0.07%
Juniper Networks Inc
21.04%
4,136
$132,187,000 0.07%
Dell Technologies Inc
13.48%
3,242
$130,393,000 0.07%
Western Digital Corp.
21.16%
4,059
$128,061,000 0.07%
Flex Ltd
19.05%
5,893
$126,464,000 0.07%
BorgWarner Inc
17.20%
2,991
$120,388,000 0.06%
Liberty Broadband Corp
11.76%
1,786
$136,122,000 0.07%
Vistra Corp
11.41%
5,077
$117,786,000 0.06%
Bio Rad Labs Inc
22.03%
277
$116,476,000 0.06%
WestRock Co
21.41%
3,289
$115,641,000 0.06%
Advance Auto Parts Inc
19.82%
780
$114,683,000 0.06%
Ceridian Hcm Hldg Inc
21.27%
1,773
$113,738,000 0.06%
Universal Hlth Svcs Inc
12.30%
776
$109,331,000 0.06%
F5 Inc
18.01%
760
$109,068,000 0.06%
Rollins, Inc.
20.16%
2,974
$108,670,000 0.06%
ZoomInfo Technologies Inc.
20.01%
3,526
$106,168,000 0.06%
Catalent Inc.
26.81%
2,313
$104,108,000 0.05%
Robert Half International Inc.
16.10%
1,334
$98,489,000 0.05%
Whirlpool Corp.
17.89%
692
$97,890,000 0.05%
NRG Energy Inc.
18.39%
2,987
$95,046,000 0.05%
Lear Corp.
20.19%
762
$94,503,000 0.05%
Exact Sciences Corp.
1.93%
1,832
$90,702,000 0.05%
Masimo Corp
Opened
604
$89,362,000 0.05%
DENTSPLY Sirona Inc
22.06%
2,794
$88,961,000 0.05%
News Corp
17.06%
6,341
$115,768,000 0.06%
Autoliv Inc.
21.76%
1,136
$86,995,000 0.05%
Gentex Corp.
31.57%
2,992
$81,592,000 0.04%
Sensata Technologies Hldg Pl
34.35%
1,979
$79,912,000 0.04%
Generac Holdings Inc
16.72%
775
$78,012,000 0.04%
NIO Inc
6.32%
7,431
$72,452,000 0.04%
Mohawk Inds Inc
36.04%
687
$70,225,000 0.04%
Delta Air Lines, Inc.
36.83%
2,062
$67,757,000 0.04%
Southern Copper Corporation
18.62%
1,083
$65,402,000 0.03%
Newell Brands Inc.
19.45%
4,820
$63,046,000 0.03%
Clarivate Plc
36.09%
6,245
$52,083,000 0.03%
Westlake Corporation
23.50%
431
$44,195,000 0.02%
Globalfoundries Inc
23.01%
818
$44,082,000 0.02%
XPO Inc
Opened
1,319
$43,910,000 0.02%
IAC Inc
18.09%
979
$43,468,000 0.02%
United Airls Hldgs Inc
20.07%
1,047
$39,472,000 0.02%
Avangrid Inc
20.34%
911
$39,155,000 0.02%
Rxo Inc
Opened
1,328
$22,842,000 0.01%
Olaplex Hldgs Inc
Opened
1,594
$8,305,000 0.00%
International Business Machs
Closed
9,573
$1,352,000
Gilead Sciences, Inc.
Closed
13,252
$819,000
Stryker Corp.
Closed
3,761
$748,000
Norfolk Southn Corp
Closed
2,544
$578,000
KLA Corp.
Closed
1,594
$509,000
Exelon Corp.
Closed
10,482
$475,000
Oreilly Automotive Inc
Closed
696
$440,000
Motorola Solutions Inc
Closed
1,723
$361,000
Cintas Corporation
Closed
935
$349,000
Idexx Labs Inc
Closed
888
$311,000
PPL Corp
Closed
7,951
$216,000
Fleetcor Technologies Inc
Closed
803
$169,000
V F Corp
Closed
3,736
$165,000
Splunk Inc
Closed
1,719
$152,000
Henry Jack & Assoc Inc
Closed
775
$140,000
Atlassian Corp Plc
Closed
713
$134,000
Ferguson Plc
Closed
1,109
$124,000
DocuSign Inc
Closed
2,009
$115,000
Bill.com Holdings Inc
Closed
971
$107,000
Pinnacle West Cap Corp
Closed
1,205
$88,000
Fortune Brands Home & Sec Inc
Closed
1,394
$83,000
Applovin Corp
Closed
2,404
$83,000
Pentair plc
Closed
1,757
$80,000
Gxo Logistics Incorporated
Closed
1,128
$49,000
Teladoc Health Inc
Closed
1,487
$49,000
Peloton Interactive Inc
Closed
3,182
$29,000
Ubiquiti Inc
Closed
62
$15,000
Embecta Corp
Closed
608
$15,000
Zimvie Inc
Closed
220
$4,000
Yandex N V
Closed
3,809
$0
No transactions found
Showing first 500 out of 266 holdings