Talbot 13F annual report
Talbot is an investment fund managing more than $775 billion ran by Jim Pirak. There are currently 57 companies in Mr. Pirak’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $171 billion.
$775 billion Assets Under Management (AUM)
As of 4th July 2024, Talbot’s top holding is 203,503 shares of Microsoft currently worth over $91 billion and making up 11.7% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Talbot owns more than approximately 0.1% of the company.
In addition, the fund holds 378,110 shares of Apple Inc worth $79.6 billion, whose value grew 25.5% in the past six months.
The third-largest holding is Amazon.com worth $50.4 billion and the next is Alphabet Inc worth $36.5 billion, with 199,187 shares owned.
Currently, Talbot's portfolio is worth at least $775 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 Talbot
The Talbot office and employees reside in Bellevue, Washington. According to the last 13-F report filed with the SEC, Jim Pirak serves as the Chief Compliance Officer at Talbot.
Recent trades
In the most recent 13F filing, Talbot revealed that it had opened a new position in
Travere Therapeutics Inc and bought 63,546 shares worth $12.9 billion.
The investment fund also strengthened its position in NVIDIA Corp by buying
202,708 additional shares.
This makes their stake in NVIDIA Corp total 224,492 shares worth $27.7 billion.
NVIDIA Corp dropped 68.2% in the past year.
On the other hand, there are companies that Talbot is getting rid of from its portfolio.
Talbot closed its position in Travelers Companies on 11th July 2024.
It sold the previously owned 61,805 shares for $14.2 billion.
Jim Pirak also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $91 billion and 203,503 shares.
One of the average hedge funds
The two most similar investment funds to Talbot are Permian Investment Partners, L.P. and Caledonia Investments PLC. They manage $775 billion and $775 billion respectively.
Jim Pirak investment strategy
Talbot’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 32.0% of
the total portfolio value.
The fund focuses on investments in the United States as
57.9% 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 approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $324 billion.
The complete list of Talbot trades based on 13F SEC filings
These positions were updated on July 11th 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 |
|---|---|---|---|
| Microsoft Corporation |
1.67%
203,503
|
$90,955,882,000 | 11.74% |
| Apple Inc |
0.69%
378,110
|
$79,637,439,000 | 10.28% |
| Amazon.com Inc. |
1.44%
261,047
|
$50,447,333,000 | 6.51% |
| Alphabet Inc |
1.53%
199,187
|
$36,515,392,000 | 4.71% |
| Applied Matls Inc |
2.74%
126,543
|
$29,862,883,000 | 3.85% |
| NVIDIA Corp |
930.54%
224,492
|
$27,733,709,000 | 3.58% |
| Adobe Inc |
0.22%
44,453
|
$24,695,420,000 | 3.19% |
| Intuit Inc |
0.48%
33,353
|
$21,919,636,000 | 2.83% |
| Jpmorgan Chase Co |
0.71%
93,587
|
$18,928,826,000 | 2.44% |
| Goldman Sachs Group, Inc. |
0.39%
39,408
|
$17,824,963,000 | 2.30% |
| Chevron Corp. |
0.16%
104,823
|
$16,396,392,000 | 2.12% |
| Costco Whsl Corp New |
0.49%
19,090
|
$16,226,309,000 | 2.09% |
| Salesforce Inc |
3.56%
61,607
|
$15,839,078,000 | 2.04% |
| Abbvie Inc |
1.31%
90,662
|
$15,550,333,000 | 2.01% |
| Eli Lilly Co |
2.27%
16,288
|
$14,746,829,000 | 1.90% |
| Stryker Corp. |
0.16%
43,157
|
$14,684,091,000 | 1.90% |
| Travelers Companies Inc. |
Closed
61,805
|
$14,223,803,000 | |
| Visa Inc |
0.86%
53,509
|
$14,044,615,000 | 1.81% |
| Johnson Johnson |
3.44%
94,601
|
$13,826,843,000 | 1.78% |
| Home Depot, Inc. |
0.55%
38,250
|
$13,167,230,000 | 1.70% |
| Synopsys, Inc. |
1.50%
21,985
|
$13,082,394,000 | 1.69% |
| Chubb Limited |
1.39%
51,153
|
$13,048,107,000 | 1.68% |
| Travere Therapeutics Inc |
Opened
63,546
|
$12,921,444,000 | 1.67% |
| Honeywell International Inc |
1.18%
58,390
|
$12,468,543,000 | 1.61% |
| AMGEN Inc. |
0.18%
38,872
|
$12,145,454,000 | 1.57% |
| Schwab Charles Corp |
0.55%
153,734
|
$11,328,670,000 | 1.46% |
| Procter And Gamble Co |
0.48%
65,286
|
$10,766,963,000 | 1.39% |
| Northrop Grumman Corp. |
1.02%
24,646
|
$10,744,593,000 | 1.39% |
| Merck Co Inc |
1.87%
86,578
|
$10,718,329,000 | 1.38% |
| Netflix Inc. |
0.04%
15,456
|
$10,430,945,000 | 1.35% |
| Medtronic Plc |
7.10%
121,051
|
$9,527,924,000 | 1.23% |
| Blackrock Inc. |
0.94%
11,968
|
$9,422,591,000 | 1.22% |
| ServiceNow Inc |
2.37%
11,686
|
$9,193,026,000 | 1.19% |
| Cisco Sys Inc |
2.21%
186,371
|
$8,854,479,000 | 1.14% |
| Thermo Fisher Scientific Inc. |
2.68%
15,896
|
$8,790,715,000 | 1.13% |
| Gallagher Arthur J Co |
2.01%
33,639
|
$8,723,018,000 | 1.13% |
| Pepsico Inc |
0.90%
51,701
|
$8,527,025,000 | 1.10% |
| Pfizer Inc. |
0.42%
294,467
|
$8,239,183,000 | 1.06% |
| Emerson Elec Co |
0.12%
74,118
|
$8,164,866,000 | 1.05% |
| Disney Walt Co |
5.48%
76,632
|
$7,608,833,000 | 0.98% |
| Uber Technologies Inc |
1.24%
101,011
|
$7,341,479,000 | 0.95% |
| Mastercard Incorporated |
0.77%
15,495
|
$6,835,809,000 | 0.88% |
| Global Pmts Inc |
Closed
50,183
|
$6,707,400,000 | |
| Mcdonalds Corp |
0.76%
25,604
|
$6,524,826,000 | 0.84% |
| Conocophillips |
1.82%
48,278
|
$5,522,038,000 | 0.71% |
| Bristol-Myers Squibb Co. |
12.73%
88,233
|
$3,664,316,000 | 0.47% |
| WaFd Inc |
No change
74,298
|
$2,123,449,000 | 0.27% |
| Workiva Inc |
No change
10,500
|
$766,395,000 | 0.10% |
| Columbia Bkg Sys Inc |
11.45%
34,015
|
$676,558,000 | 0.09% |
| Provident Finl Hldgs Inc |
6.16%
51,485
|
$643,563,000 | 0.08% |
| Berkshire Hathaway Inc. |
39.89%
1,301
|
$529,247,000 | 0.07% |
| Exxon Mobil Corp. |
No change
3,896
|
$448,508,000 | 0.06% |
| International Business Machs |
54.64%
2,343
|
$405,222,000 | 0.05% |
| Tesla Inc |
43.83%
1,749
|
$346,092,000 | 0.04% |
| Cadence Design System Inc |
No change
1,000
|
$307,750,000 | 0.04% |
| Union Pac Corp |
No change
1,300
|
$294,138,000 | 0.04% |
| Intel Corp. |
Closed
5,271
|
$232,810,000 | |
| Walmart Inc |
Closed
3,647
|
$219,432,000 | |
| Automatic Data Processing In |
No change
900
|
$214,821,000 | 0.03% |
| American Express Co. |
No change
900
|
$208,395,000 | 0.03% |
| Mckesson Corporation |
Opened
351
|
$204,998,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 61 holdings | |||
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