Embree 13F annual report

Embree is an investment fund managing more than $467 billion ran by James Karabas. There are currently 112 companies in Mr. Karabas’s portfolio. The largest investments include Spdr S&p 500 Etf Tr and Schwab Strategic Tr, together worth $119 billion.

Limited to 30 biggest holdings

$467 billion Assets Under Management (AUM)

As of 25th July 2024, Embree’s top holding is 88,490 shares of Spdr S&p 500 Etf Tr currently worth over $48.2 billion and making up 10.3% of the portfolio value. In addition, the fund holds 1,294,085 shares of Schwab Strategic Tr worth $71.2 billion. The third-largest holding is Apple Inc worth $28.6 billion and the next is Ishares Tr worth $67.5 billion, with 506,878 shares owned.

Currently, Embree's portfolio is worth at least $467 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 Embree

The Embree office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, James Karabas serves as the Chief Compliance Officer at Embree.

Recent trades

In the most recent 13F filing, Embree revealed that it had opened a new position in Spdr Ser Tr and bought 7,344 shares worth $708 million.

The investment fund also strengthened its position in Spdr S&p 500 Etf Tr by buying 1,337 additional shares. This makes their stake in Spdr S&p 500 Etf Tr total 88,490 shares worth $48.2 billion.

On the other hand, there are companies that Embree is getting rid of from its portfolio. Embree closed its position in Ishares Tr on 1st August 2024. It sold the previously owned 6,795 shares for $556 million. James Karabas also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%. This leaves the value of the investment at $71.2 billion and 1,294,085 shares.

One of the average hedge funds

The two most similar investment funds to Embree are Mcnamara Services and Private Wealth Strategies, L.L.C. They manage $467 billion and $468 billion respectively.


James Karabas investment strategy

Embree’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 10.5% of the total portfolio value. The fund focuses on investments in the United States as 45.5% 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 44% of the total holdings value. On the other hand, small-cap stocks make up only 0.9% of the portfolio. The average market cap of the portfolio companies is close to $268 billion.

The complete list of Embree trades based on 13F SEC filings

These positions were updated on August 1st 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
Spdr S&p 500 Etf Tr
1.53%
88,490
$48,158,194,000 10.31%
Schwab Strategic Tr
0.20%
1,294,085
$71,176,118,000 15.23%
Apple Inc
2.62%
135,571
$28,554,045,000 6.11%
Ishares Tr
7.23%
506,878
$67,470,063,000 14.44%
Microsoft Corporation
0.85%
48,588
$21,716,202,000 4.65%
Alphabet Inc
0.68%
81,156
$14,802,046,000 3.17%
CME Group Inc
No change
53,279
$10,474,632,000 2.24%
Dbx Etf Tr
15.57%
250,437
$10,378,099,000 2.22%
NVIDIA Corp
1,165.70%
75,600
$9,339,567,000 2.00%
JPMorgan Chase & Co.
0.95%
45,914
$9,286,605,000 1.99%
Berkshire Hathaway Inc.
0.03%
20,365
$8,284,482,000 1.77%
Vanguard Index Fds
1.02%
63,885
$18,375,371,000 3.93%
Dimensional Etf Trust
7.77%
208,112
$8,255,860,000 1.77%
Select Sector Spdr Tr
2.89%
89,225
$11,487,134,000 2.46%
Blackstone Inc
1.60%
60,252
$7,459,255,000 1.60%
Cboe Global Mkts Inc
No change
34,657
$5,893,850,000 1.26%
Amazon.com Inc.
2.78%
29,698
$5,739,048,000 1.23%
Blackstone Secd Lending Fd
1.33%
175,487
$5,373,402,000 1.15%
Vanguard Whitehall Fds
1.44%
34,808
$4,128,183,000 0.88%
Blackrock Inc.
1.85%
5,084
$4,003,013,000 0.86%
Bank America Corp
3.75%
92,500
$3,678,738,000 0.79%
Exxon Mobil Corp.
1.53%
29,907
$3,442,931,000 0.74%
Ryan Specialty Holdings Inc
88.27%
57,712
$3,342,102,000 0.72%
Abbvie Inc
4.99%
19,188
$3,291,070,000 0.70%
Vanguard Specialized Funds
No change
17,960
$3,278,609,000 0.70%
Johnson & Johnson
0.64%
20,406
$2,982,535,000 0.64%
Vanguard Scottsdale Fds
7.07%
103,689
$9,220,743,000 1.97%
Cisco Sys Inc
2.18%
56,778
$2,697,536,000 0.58%
Abbott Labs
7.37%
25,037
$2,601,622,000 0.56%
Deere & Co.
1.53%
6,562
$2,451,755,000 0.52%
Comcast Corp New
5.27%
62,246
$2,437,557,000 0.52%
Wisdomtree Tr
11.06%
43,696
$2,198,327,000 0.47%
Procter And Gamble Co
3.04%
11,885
$1,960,152,000 0.42%
General Dynamics Corp.
2.43%
6,580
$1,908,989,000 0.41%
Spdr S&p Midcap 400 Etf Tr
2.74%
3,438
$1,839,830,000 0.39%
Vanguard World Fd
2.53%
13,998
$4,319,447,000 0.92%
Mcdonalds Corp
1.33%
6,606
$1,683,402,000 0.36%
Spdr Dow Jones Indl Average
8.33%
4,281
$1,674,568,000 0.36%
Bitwise Bitcoin Etf Tr
17.15%
47,515
$1,553,266,000 0.33%
Chevron Corp.
3.47%
9,859
$1,542,175,000 0.33%
Fiserv, Inc.
0.19%
10,250
$1,527,660,000 0.33%
Disney Walt Co
14.51%
14,100
$1,399,981,000 0.30%
Invesco Exch Traded Fd Tr Ii
8.30%
74,429
$2,030,511,000 0.43%
Schwab Charles Corp
0.13%
16,738
$1,233,392,000 0.26%
Salesforce Inc
2.57%
4,206
$1,081,365,000 0.23%
RTX Corp
11.85%
10,036
$1,007,542,000 0.22%
Heico Corp.
No change
4,312
$964,183,000 0.21%
Spdr Ser Tr
9.20%
36,276
$2,240,242,000 0.48%
Meta Platforms Inc
10.20%
1,642
$828,101,000 0.18%
Accenture Plc Ireland
1.50%
2,626
$796,755,000 0.17%
Spdr Gold Tr
13.95%
3,652
$785,217,000 0.17%
Republic Svcs Inc
5.54%
3,921
$762,088,000 0.16%
Costco Whsl Corp New
3.70%
859
$729,906,000 0.16%
Vanguard Admiral Fds Inc
No change
9,669
$1,027,293,000 0.22%
Intercontinental Exchange In
8.05%
5,128
$702,025,000 0.15%
American Express Co.
2.64%
3,027
$701,012,000 0.15%
CSX Corp.
No change
20,902
$699,174,000 0.15%
Eli Lilly & Co
17.52%
711
$643,310,000 0.14%
Coca-Cola Co
0.09%
9,806
$624,177,000 0.13%
Walmart Inc
2.64%
9,133
$618,381,000 0.13%
Grayscale Bitcoin Tr Btc
7.99%
11,510
$612,793,000 0.13%
Goldman Sachs Group, Inc.
1.68%
1,350
$610,756,000 0.13%
Honeywell International Inc
8.14%
2,753
$587,817,000 0.13%
NextEra Energy Inc
1.31%
7,889
$558,653,000 0.12%
Ishares Tr
Closed
6,795
$555,696,000
Valero Energy Corp.
0.64%
3,463
$542,861,000 0.12%
Bristol-Myers Squibb Co.
Closed
9,969
$540,608,000
Merck & Co Inc
0.26%
4,239
$524,731,000 0.11%
Pfizer Inc.
27.36%
18,079
$505,846,000 0.11%
Pepsico Inc
2.48%
2,994
$493,827,000 0.11%
J P Morgan Exchange Traded F
40.29%
8,621
$488,660,000 0.10%
Netflix Inc.
3.26%
712
$480,515,000 0.10%
Union Pac Corp
2.79%
2,023
$457,677,000 0.10%
Mastercard Incorporated
2.31%
1,016
$448,087,000 0.10%
Vanguard Malvern Fds
16.42%
9,198
$446,492,000 0.10%
S&P Global Inc
2.17%
994
$443,404,000 0.09%
Spdr Ser Tr
Opened
7,344
$708,489,000 0.15%
Select Water Solutions Inc
Closed
44,566
$411,345,000
Dow Inc
1.90%
7,631
$404,809,000 0.09%
Littelfuse, Inc.
No change
1,570
$401,346,000 0.09%
Simon Ppty Group Inc New
20.20%
2,485
$377,172,000 0.08%
Boeing Co.
15.17%
2,046
$372,354,000 0.08%
Danaher Corp.
0.13%
1,484
$370,710,000 0.08%
Direxion Shs Etf Tr
Opened
2,500
$365,175,000 0.08%
Invesco Exchange Traded Fd T
11.17%
10,064
$723,342,000 0.15%
Oracle Corp.
7.20%
2,563
$361,931,000 0.08%
Idexx Labs Inc
No change
735
$358,092,000 0.08%
Visa Inc
7.44%
1,299
$340,901,000 0.07%
Qualcomm, Inc.
33.31%
1,685
$335,623,000 0.07%
Constellation Energy Corp
1.22%
1,660
$332,523,000 0.07%
Fidelity National Financial Inc
2.15%
6,093
$301,112,000 0.06%
Chipotle Mexican Grill
4,900.00%
4,400
$275,660,000 0.06%
XPO Inc
No change
2,595
$275,460,000 0.06%
Ishares Bitcoin Tr
Closed
6,745
$272,971,000
Proshares Tr
20.29%
32,607
$269,986,000 0.06%
Blackrock Etf Trust Ii
Opened
5,171
$269,927,000 0.06%
International Business Machs
2.11%
1,533
$265,133,000 0.06%
Prologis Inc
Closed
2,009
$261,569,000
Ishares Inc
No change
3,810
$259,995,000 0.06%
Broadcom Inc
10.06%
161
$258,810,000 0.06%
Invesco Exch Trd Slf Idx Fd
5.23%
4,870
$255,651,000 0.05%
Unilever plc
7.83%
4,509
$247,961,000 0.05%
Vanguard Intl Equity Index F
33.42%
7,161
$464,492,000 0.10%
Darden Restaurants, Inc.
1.12%
1,625
$245,941,000 0.05%
Micron Technology Inc.
Closed
2,049
$241,514,000
Oneok Inc.
Closed
2,983
$239,148,000
Unitedhealth Group Inc
23.98%
466
$237,565,000 0.05%
Pacer Fds Tr
Closed
3,895
$226,339,000
Maplebear Inc
19.17%
7,001
$225,013,000 0.05%
Select Sector Spdr Tr
Opened
5,454
$224,230,000 0.05%
Roundhill Etf Trust
Opened
8,000
$213,200,000 0.05%
Vanguard Star Fds
0.40%
3,519
$212,207,000 0.05%
United Parcel Service, Inc.
Closed
1,406
$208,910,000
Global X Fds
Closed
5,240
$208,605,000
Home Depot, Inc.
0.17%
605
$208,214,000 0.04%
Citigroup Inc
0.03%
3,278
$207,992,000 0.04%
Starbucks Corp.
15.57%
2,635
$205,113,000 0.04%
Phillips 66
0.77%
1,444
$203,849,000 0.04%
Carrier Global Corporation
Closed
3,495
$203,138,000
Vanguard Tax-managed Fds
16.66%
4,087
$201,959,000 0.04%
Hyatt Hotels Corporation
Closed
1,256
$200,494,000
Chimera Invt Corp
Closed
36,646
$168,939,000
Chimera Invt Corp
Opened
12,215
$156,352,000 0.03%
Progressive Corp.
Opened
74
$15,371,000 0.00%
1847 Hldgs Llc
Opened
10,000
$2,774,000 0.00%
No transactions found
Showing first 500 out of 125 holdings