Lipe & Dalton 13F annual report
Lipe & Dalton is an investment fund managing more than $186 million ran by Willard Lipe. There are currently 98 companies in Mr. Lipe’s portfolio. The largest investments include Apple Inc and Alphabet Inc Cap Stock Cl C, together worth $27.6 million.
$186 million Assets Under Management (AUM)
As of 26th July 2024, Lipe & Dalton’s top holding is 77,774 shares of Apple Inc currently worth over $16.4 million and making up 8.8% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Lipe & Dalton owns more than approximately 0.1% of the company.
In addition, the fund holds 61,025 shares of Alphabet Inc Cap Stock Cl C worth $11.2 million.
The third-largest holding is Goldman Sachs worth $7.79 million and the next is Oneok worth $6.13 million, with 75,112 shares owned.
Currently, Lipe & Dalton's portfolio is worth at least $186 million. 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 Lipe & Dalton
The Lipe & Dalton office and employees reside in Syracuse, New York. According to the last 13-F report filed with the SEC, Willard Lipe serves as the CCO at Lipe & Dalton.
Recent trades
In the most recent 13F filing, Lipe & Dalton revealed that it had opened a new position in
Mosaic and bought 123,585 shares worth $3.57 million.
This means they effectively own approximately 0.1% of the company.
Mosaic makes up
40.4%
of the fund's Materials sector allocation and has decreased its share price by 29.1% in the past year.
The investment fund also strengthened its position in BorgWarner Inc by buying
9,990 additional shares.
This makes their stake in BorgWarner Inc total 80,735 shares worth $2.6 million.
BorgWarner Inc dropped 20.8% in the past year.
On the other hand, there are companies that Lipe & Dalton is getting rid of from its portfolio.
Lipe & Dalton closed its position in Leidos Inc on 2nd August 2024.
It sold the previously owned 47,599 shares for $6.24 million.
Willard Lipe also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $16.4 million and 77,774 shares.
One of the smallest hedge funds
The two most similar investment funds to Lipe & Dalton are Iyo Bank and Rudd International. They manage $187 million and $187 million respectively.
Willard Lipe investment strategy
Lipe & Dalton’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Health Care — making up 14.0% of
the total portfolio value.
The fund focuses on investments in the United States as
62.2% 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
59% of the total holdings value.
On the other hand, small-cap stocks make up only 1.0% of the portfolio.
The average market cap of the portfolio companies is close to $196 billion.
The complete list of Lipe & Dalton trades based on 13F SEC filings
These positions were updated on August 2nd 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 |
3.93%
77,774
|
$16,381,000 | 8.81% |
| Alphabet Inc Cap Stock Cl C |
3.57%
61,025
|
$11,193,000 | 6.02% |
| Goldman Sachs Group, Inc. |
3.00%
17,228
|
$7,793,000 | 4.19% |
| Leidos Holdings Inc |
Closed
47,599
|
$6,240,000 | |
| Oneok Inc. |
3.81%
75,112
|
$6,125,000 | 3.29% |
| Boeing Co. |
6.36%
31,781
|
$5,784,000 | 3.11% |
| Te Connectivity Ltd Reg |
1.24%
37,948
|
$5,709,000 | 3.07% |
| Danaher Corp. |
3.24%
21,649
|
$5,409,000 | 2.91% |
| Brookfield Corp Cl A |
3.12%
127,664
|
$5,303,000 | 2.85% |
| Kraft Heinz Co |
0.64%
155,909
|
$5,023,000 | 2.70% |
| Rockwell Automation Inc |
3.01%
17,563
|
$4,835,000 | 2.60% |
| Emerson Electric Co. |
2.07%
43,130
|
$4,751,000 | 2.56% |
| Abbvie Inc |
3.15%
25,585
|
$4,388,000 | 2.36% |
| Canadian Imperial Bank Comm To |
3.66%
87,320
|
$4,151,000 | 2.23% |
| Yum Brands Inc. |
4.55%
29,587
|
$3,919,000 | 2.11% |
| Eaton Corp Plc |
1.00%
11,912
|
$3,735,000 | 2.01% |
| Lyondellbasell Industries Nv A |
2.91%
38,470
|
$3,680,000 | 1.98% |
| Mosaic Company |
Opened
123,585
|
$3,572,000 | 1.92% |
| Henry Jack Assoc Inc |
3.26%
19,740
|
$3,277,000 | 1.76% |
| Microsoft Corporation |
0.72%
6,933
|
$3,099,000 | 1.67% |
| Intel Corp. |
3.27%
95,954
|
$2,972,000 | 1.60% |
| Deere Co |
5.62%
7,874
|
$2,942,000 | 1.58% |
| Ball Corp. |
5.17%
47,898
|
$2,875,000 | 1.55% |
| Rtx Corporation Com |
5.47%
28,334
|
$2,844,000 | 1.53% |
| AMGEN Inc. |
3.63%
9,016
|
$2,817,000 | 1.52% |
| Morgan Stanley |
0.73%
27,020
|
$2,626,000 | 1.41% |
| BorgWarner Inc |
14.12%
80,735
|
$2,603,000 | 1.40% |
| Martin Marietta Materials, Inc. |
6.95%
4,415
|
$2,392,000 | 1.29% |
| Bristol-Myers Squibb Co. |
2.61%
57,151
|
$2,373,000 | 1.28% |
| Vertex Pharmaceuticals, Inc. |
1.83%
5,041
|
$2,363,000 | 1.27% |
| Visa Inc |
1.57%
8,862
|
$2,326,000 | 1.25% |
| Qualcomm, Inc. |
No change
11,257
|
$2,242,000 | 1.21% |
| Vector Group Ltd |
4.49%
211,880
|
$2,240,000 | 1.20% |
| Lockheed Martin Corp. |
4.63%
4,630
|
$2,163,000 | 1.16% |
| Amazon.com Inc. |
0.73%
10,723
|
$2,072,000 | 1.11% |
| TC Energy Corporation |
22.58%
54,077
|
$2,050,000 | 1.10% |
| Cigna Group (The) |
0.51%
6,030
|
$1,993,000 | 1.07% |
| Brookfield Asset Managmt Ltd C |
1.54%
49,844
|
$1,897,000 | 1.02% |
| CVS Health Corp |
4.65%
26,950
|
$1,592,000 | 0.86% |
| Jacobs Solutions Inc |
7.97%
11,374
|
$1,589,000 | 0.85% |
| Merck Co Inc |
0.02%
11,929
|
$1,477,000 | 0.79% |
| Zoetis Inc |
52.51%
8,452
|
$1,465,000 | 0.79% |
| Meta Platforms Inc |
8.67%
2,820
|
$1,422,000 | 0.76% |
| Constellation Brands Inc |
2.31%
5,283
|
$1,359,000 | 0.73% |
| Carrier Global Corporation |
0.39%
19,106
|
$1,205,000 | 0.65% |
| Oracle Corp. |
7.05%
8,441
|
$1,192,000 | 0.64% |
| Johnson Johnson |
3.84%
8,143
|
$1,190,000 | 0.64% |
| Cooper Cos Inc |
0.36%
13,489
|
$1,178,000 | 0.63% |
| Moderna Inc |
6.24%
9,842
|
$1,169,000 | 0.63% |
| NVIDIA Corp |
918.89%
9,170
|
$1,133,000 | 0.61% |
| Kenvue Inc |
56.82%
61,053
|
$1,110,000 | 0.60% |
| Medtronic Plc |
5.44%
13,770
|
$1,084,000 | 0.58% |
| Hershey Company |
0.04%
5,592
|
$1,028,000 | 0.55% |
| Intercontinental Exchange Inc |
20.05%
7,366
|
$1,008,000 | 0.54% |
| Wells Fargo Co |
1.03%
16,468
|
$978,000 | 0.53% |
| Liberty Media Corp Com Lbty Sr |
0.23%
43,350
|
$960,000 | 0.52% |
| Ge Healthcare Technologies Inc |
0.36%
11,405
|
$889,000 | 0.48% |
| Verizon Communications Inc |
No change
17,083
|
$704,000 | 0.38% |
| Veralto Corp |
3.20%
7,188
|
$686,000 | 0.37% |
| Apa Corporation Com |
10.87%
22,310
|
$657,000 | 0.35% |
| Dennys Corp |
7.63%
85,756
|
$609,000 | 0.33% |
| Fortive Corp |
4.31%
6,790
|
$503,000 | 0.27% |
| Kroger Co. |
No change
10,000
|
$499,000 | 0.27% |
| Mcdonalds Corp |
No change
1,843
|
$470,000 | 0.25% |
| Baxter International Inc. |
3.03%
12,780
|
$427,000 | 0.23% |
| Pepsico Inc |
5.70%
2,515
|
$415,000 | 0.22% |
| Mastercard Incorporated |
1.89%
917
|
$405,000 | 0.22% |
| Exact Sciences Corp. |
24.07%
9,020
|
$381,000 | 0.20% |
| Procter And Gamble Co |
No change
2,214
|
$365,000 | 0.20% |
| Jpmorgan Chase Co |
No change
1,800
|
$364,000 | 0.20% |
| BCE Inc |
Closed
10,550
|
$358,000 | |
| Palo Alto Networks Inc |
No change
1,000
|
$339,000 | 0.18% |
| Home Depot, Inc. |
No change
970
|
$334,000 | 0.18% |
| Exxon Mobil Corp. |
52.33%
2,483
|
$286,000 | 0.15% |
| Regeneron Pharmaceuticals, Inc. |
No change
269
|
$283,000 | 0.15% |
| Stanley Black Decker Inc |
8.10%
3,382
|
$270,000 | 0.15% |
| Kla-tencor Corp |
No change
300
|
$247,000 | 0.13% |
| Berkshire Hathaway Inc. |
No change
605
|
$246,000 | 0.13% |
| Cisco Systems, Inc. |
No change
4,759
|
$226,000 | 0.12% |
| Adobe Inc |
No change
400
|
$222,000 | 0.12% |
| Abbott Laboratories |
1.69%
1,980
|
$206,000 | 0.11% |
| Community Bk Sys Inc Com |
No change
4,309
|
$203,000 | 0.11% |
| Disney Walt Co Disney |
27.55%
1,841
|
$183,000 | 0.10% |
| Alphabet Inc Cap Stock Cl A |
5.96%
978
|
$178,000 | 0.10% |
| Broadcom Inc |
No change
105
|
$169,000 | 0.09% |
| Lowes Cos Inc |
No change
600
|
$132,000 | 0.07% |
| Mobileye Global Inc Common Cla |
6.98%
4,600
|
$129,000 | 0.07% |
| Netflix Inc. |
No change
190
|
$128,000 | 0.07% |
| Mondelez International Inc. |
4.30%
1,871
|
$122,000 | 0.07% |
| Coca-Cola Co |
No change
1,800
|
$115,000 | 0.06% |
| Conocophillips |
Closed
864
|
$110,000 | |
| Winnebago Industries, Inc. |
No change
2,000
|
$108,000 | 0.06% |
| Phillips 66 |
Closed
532
|
$87,000 | |
| Advanced Micro Devices Inc. |
No change
470
|
$76,000 | 0.04% |
| Accenture Plc Ireland Class A |
No change
230
|
$70,000 | 0.04% |
| Pfizer Inc. |
18.12%
2,259
|
$63,000 | 0.03% |
| General Mills, Inc. |
Closed
806
|
$56,000 | |
| Lilly Eli Co |
No change
56
|
$51,000 | 0.03% |
| Wal-mart Stores Inc |
No change
660
|
$45,000 | 0.02% |
| Duke Energy Corp. |
No change
343
|
$34,000 | 0.02% |
| Chevron Corp. |
23.86%
150
|
$23,000 | 0.01% |
| Nucor Corp. |
Closed
100
|
$20,000 | |
| Intl Business Machines |
Closed
100
|
$19,000 | |
| Union Pacific Corp. |
No change
75
|
$17,000 | 0.01% |
| Roper Technologies Inc |
Closed
25
|
$14,000 | |
| Bank N S Halifax |
Closed
125
|
$6,000 | |
| Vertical Computer Systems Inc |
No change
20,000
|
$0 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 107 holdings | |||
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