United Bank is an investment fund managing more than $200 billion ran by Thomas Redding. There are currently 82 companies in Mr. Redding’s portfolio. The largest investments include Flexshares Tr and NVIDIA Corp, together worth $36.5 billion.
As of 16th July 2024, United Bank’s top holding is 608,617 shares of Flexshares Tr currently worth over $27 billion and making up 13.5% of the portfolio value.
In addition, the fund holds 76,816 shares of NVIDIA Corp worth $9.49 billion, whose value fell 79.4% in the past six months.
The third-largest holding is Apple Inc worth $9.28 billion and the next is Alphabet Inc worth $7.89 billion, with 43,309 shares owned.
Currently, United Bank's portfolio is worth at least $200 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.
The United Bank office and employees reside in Zebulon, Georgia. According to the last 13-F report filed with the SEC, Thomas Redding serves as the Chief Financial Officer at United Bank.
In the most recent 13F filing, United Bank revealed that it had opened a new position in
PayPal Inc and bought 8,147 shares worth $473 million.
This means they effectively own approximately 0.1% of the company.
PayPal Inc makes up
3.3%
of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
68,614 additional shares.
This makes their stake in NVIDIA Corp total 76,816 shares worth $9.49 billion.
NVIDIA Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that United Bank is getting rid of from its portfolio.
United Bank closed its position in CVS Health Corp on 23rd July 2024.
It sold the previously owned 15,263 shares for $1.22 billion.
Thomas Redding also disclosed a decreased stake in Flexshares Tr by approximately 0.1%.
This leaves the value of the investment at $27 billion and 608,617 shares.
The two most similar investment funds to United Bank are Everpar Advisors and Mill Road Capital Management. They manage $200 billion and $200 billion respectively.
United Bank’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 18.9% of
the total portfolio value.
The fund focuses on investments in the United States as
59.8% 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
56% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $254 billion.
These positions were updated on July 23rd 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 |
|---|---|---|---|
| Flexshares Tr |
7.66%
608,617
|
$26,991,969,000 | 13.52% |
| NVIDIA Corp |
836.55%
76,816
|
$9,489,849,000 | 4.75% |
| Apple Inc |
0.61%
44,038
|
$9,275,284,000 | 4.64% |
| Alphabet Inc |
2.05%
43,309
|
$7,888,734,000 | 3.95% |
| Microsoft Corporation |
0.30%
17,648
|
$7,887,774,000 | 3.95% |
| Select Sector Spdr Tr |
3.00%
92,305
|
$13,563,606,000 | 6.79% |
| Amazon.com Inc. |
2.05%
28,711
|
$5,548,401,000 | 2.78% |
| JPMorgan Chase & Co. |
0.77%
24,740
|
$5,003,912,000 | 2.51% |
| Schwab Strategic Tr |
3.13%
61,839
|
$4,808,601,000 | 2.41% |
| Costco Whsl Corp New |
0.63%
5,546
|
$4,714,045,000 | 2.36% |
| Ishares Tr |
0.91%
148,094
|
$12,196,794,000 | 6.11% |
| The Southern Co. |
0.62%
56,508
|
$4,383,326,000 | 2.19% |
| Vanguard Index Fds |
0.38%
59,647
|
$6,606,219,000 | 3.31% |
| Eli Lilly & Co |
0.62%
3,665
|
$3,318,218,000 | 1.66% |
| Coca-Cola Co |
1.05%
48,909
|
$3,113,058,000 | 1.56% |
| Truist Finl Corp |
2.64%
73,824
|
$2,868,062,000 | 1.44% |
| Mastercard Incorporated |
0.25%
6,328
|
$2,791,660,000 | 1.40% |
| Abbott Labs |
3.80%
26,796
|
$2,784,372,000 | 1.39% |
| Meta Platforms Inc |
8.81%
4,558
|
$2,298,235,000 | 1.15% |
| Palo Alto Networks Inc |
3.45%
6,745
|
$2,286,622,000 | 1.14% |
| Lowes Cos Inc |
2.36%
9,962
|
$2,196,223,000 | 1.10% |
| Procter And Gamble Co |
1.68%
13,148
|
$2,168,368,000 | 1.09% |
| Chipotle Mexican Grill |
5,100.64%
32,400
|
$2,029,860,000 | 1.02% |
| Exxon Mobil Corp. |
2.96%
17,279
|
$1,989,158,000 | 1.00% |
| Berkshire Hathaway Inc. |
2.42%
4,619
|
$1,879,009,000 | 0.94% |
| Norfolk Southn Corp |
5.47%
8,671
|
$1,861,577,000 | 0.93% |
| Salesforce Inc |
12.02%
7,227
|
$1,858,062,000 | 0.93% |
| Honeywell International Inc |
0.06%
7,963
|
$1,700,419,000 | 0.85% |
| Intercontinental Exchange In |
6.03%
12,271
|
$1,679,777,000 | 0.84% |
| General Dynamics Corp. |
3.33%
5,552
|
$1,610,857,000 | 0.81% |
| Mcdonalds Corp |
8.01%
6,228
|
$1,587,144,000 | 0.79% |
| Oracle Corp. |
5.66%
10,911
|
$1,540,633,000 | 0.77% |
| Deere & Co. |
2.58%
4,016
|
$1,500,498,000 | 0.75% |
| Comcast Corp New |
9.85%
38,249
|
$1,497,831,000 | 0.75% |
| Home Depot, Inc. |
0.83%
4,277
|
$1,472,314,000 | 0.74% |
| Tjx Cos Inc New |
2.49%
12,990
|
$1,430,199,000 | 0.72% |
| Cisco Sys Inc |
9.35%
29,400
|
$1,396,794,000 | 0.70% |
| Marsh & McLennan Cos., Inc. |
2.07%
6,266
|
$1,320,372,000 | 0.66% |
| Analog Devices Inc. |
2.14%
5,783
|
$1,320,028,000 | 0.66% |
| Mondelez International Inc. |
1.99%
20,100
|
$1,315,344,000 | 0.66% |
| Blackstone Inc |
2.46%
10,127
|
$1,253,723,000 | 0.63% |
| CVS Health Corp |
Closed
15,263
|
$1,217,377,000 | |
| Cencora Inc. |
4.92%
5,376
|
$1,211,213,000 | 0.61% |
| Adobe Inc |
5.96%
2,168
|
$1,204,411,000 | 0.60% |
| Nike, Inc. |
2.24%
15,733
|
$1,185,796,000 | 0.59% |
| Chevron Corp. |
0.09%
7,466
|
$1,167,832,000 | 0.58% |
| Disney Walt Co |
22.49%
11,433
|
$1,135,183,000 | 0.57% |
| CDW Corp |
7.93%
5,021
|
$1,123,901,000 | 0.56% |
| AT&T Inc. |
6.73%
51,096
|
$976,445,000 | 0.49% |
| Zimmer Biomet Holdings Inc |
8.24%
8,851
|
$960,599,000 | 0.48% |
| Pfizer Inc. |
4.07%
34,322
|
$960,330,000 | 0.48% |
| American Tower Corp. |
6.02%
4,929
|
$958,099,000 | 0.48% |
| GSK Plc |
15.16%
24,025
|
$924,963,000 | 0.46% |
| Blackrock Inc. |
2.21%
1,109
|
$873,138,000 | 0.44% |
| Biogen Inc |
8.32%
3,762
|
$872,107,000 | 0.44% |
| DuPont de Nemours Inc |
1.83%
10,725
|
$863,255,000 | 0.43% |
| Becton Dickinson & Co. |
14.61%
3,459
|
$808,403,000 | 0.40% |
| Freeport-McMoRan Inc |
0.02%
16,633
|
$808,364,000 | 0.40% |
| Spdr Ser Tr |
34.44%
6,216
|
$790,551,000 | 0.40% |
| NextEra Energy Inc |
6.34%
10,679
|
$756,180,000 | 0.38% |
| Microchip Technology, Inc. |
16.69%
8,159
|
$746,549,000 | 0.37% |
| Schwab Charles Corp |
3.31%
10,043
|
$740,069,000 | 0.37% |
| Bristol-Myers Squibb Co. |
9.14%
16,866
|
$700,445,000 | 0.35% |
| Spdr Index Shs Fds |
5.67%
11,885
|
$663,777,000 | 0.33% |
| International Business Machs |
170.80%
3,672
|
$635,072,000 | 0.32% |
| Boeing Co. |
Closed
2,850
|
$550,022,000 | |
| Spdr Gold Tr |
No change
2,441
|
$524,839,000 | 0.26% |
| Johnson & Johnson |
3.25%
3,586
|
$524,130,000 | 0.26% |
| Global Pmts Inc |
No change
5,130
|
$496,071,000 | 0.25% |
| Walmart Inc |
3.81%
7,185
|
$486,496,000 | 0.24% |
| PayPal Holdings Inc |
Opened
8,147
|
$472,770,000 | 0.24% |
| Duke Energy Corp. |
2.73%
4,637
|
$464,767,000 | 0.23% |
| Lauder Estee Cos Inc |
8.63%
4,027
|
$428,473,000 | 0.21% |
| Visa Inc |
1.54%
1,473
|
$386,618,000 | 0.19% |
| Pnc Finl Svcs Group Inc |
No change
2,460
|
$382,481,000 | 0.19% |
| First Tr Morningstar Divid L |
9.06%
9,712
|
$368,376,000 | 0.18% |
| Idexx Labs Inc |
No change
700
|
$341,040,000 | 0.17% |
| Spdr S&p 500 Etf Tr |
No change
537
|
$292,246,000 | 0.15% |
| Pepsico Inc |
0.82%
1,694
|
$279,391,000 | 0.14% |
| Delta Air Lines, Inc. |
8.89%
4,852
|
$230,179,000 | 0.12% |
| Aflac Inc. |
No change
2,497
|
$223,007,000 | 0.11% |
| Ishares Tr |
Opened
1,846
|
$213,158,000 | 0.11% |
| Abbvie Inc |
Closed
1,099
|
$200,128,000 | |
| Putnam Managed Mun Income Tr |
No change
14,400
|
$89,280,000 | 0.04% |
| Senseonics Holdings Inc |
No change
24,000
|
$9,576,000 | 0.00% |
| No transactions found | |||
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