$33 Billion is the total value of Edgewood Management's 82 reported holdings in Q2 2023. The portfolio turnover from Q1 2023 to Q2 2023 was 6.0% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| V | Buy | VISA INC | $2,362,639,124 | +9.3% | 9,948,792 | +3.7% | 7.17% | +3.5% |
| NVDA | Sell | NVIDIA CORPORATION | $2,329,500,496 | +2.7% | 5,506,833 | -32.6% | 7.06% | -2.7% |
| NFLX | Sell | NETFLIX INC | $2,154,228,238 | +23.8% | 4,890,527 | -2.9% | 6.53% | +17.3% |
| MSFT | Sell | MICROSOFT CORP | $1,814,862,979 | +14.7% | 5,329,368 | -2.9% | 5.50% | +8.6% |
| NOW | Sell | SERVICENOW INC | $1,808,545,903 | +15.9% | 3,218,225 | -4.2% | 5.48% | +9.7% |
| INTU | Buy | INTUIT | $1,774,067,694 | +5.6% | 3,871,904 | +2.8% | 5.38% | +0.0% |
| ASML | Buy | ASML HOLDING N V | $1,770,521,490 | +7.0% | 2,442,941 | +0.5% | 5.37% | +1.3% |
| ADBE | Sell | ADOBE SYSTEMS INCORPORATED | $1,734,375,648 | +13.5% | 3,546,853 | -10.6% | 5.26% | +7.5% |
| ISRG | Sell | INTUITIVE SURGICAL INC | $1,674,714,067 | +8.1% | 4,897,684 | -19.3% | 5.08% | +2.4% |
| CMG | Sell | CHIPOTLE MEXICAN GRILL INC | $1,626,707,361 | +6.7% | 760,499 | -14.8% | 4.93% | +1.1% |
| SPGI | Sell | S&P GLOBAL INC | $1,475,702,549 | +13.0% | 3,681,066 | -2.8% | 4.48% | +7.0% |
| EL | Buy | LAUDER ESTEE COS INCcl a | $1,471,135,799 | -1.7% | 7,491,271 | +23.3% | 4.46% | -6.9% |
| DHR | Buy | DANAHER CORPORATION | $1,468,892,880 | +2.8% | 6,120,387 | +7.9% | 4.46% | -2.7% |
| BX | Sell | BLACKSTONE INC | $1,377,471,318 | +2.6% | 14,816,299 | -3.1% | 4.18% | -2.8% |
| ABNB | Buy | AIRBNB INC | $1,197,527,937 | +63.0% | 9,344,007 | +58.3% | 3.63% | +54.4% |
| LULU | Buy | LULULEMON ATHLETICA INC | $1,192,075,909 | +8.8% | 3,149,474 | +4.7% | 3.62% | +3.1% |
| NKE | Sell | NIKE INCcl b | $1,188,552,456 | -12.7% | 10,768,800 | -3.0% | 3.60% | -17.3% |
| ALGN | Sell | ALIGN TECHNOLOGY INC | $1,159,199,031 | +2.5% | 3,277,907 | -3.1% | 3.52% | -2.9% |
| AMT | Sell | AMERICAN TOWER CORP NEW | $1,083,957,230 | -7.9% | 5,589,137 | -2.9% | 3.29% | -12.7% |
| ILMN | Buy | ILLUMINA INC | $1,044,876,708 | -17.5% | 5,572,973 | +2.4% | 3.17% | -21.8% |
| LLY | Sell | LILLY ELI & CO | $968,201,706 | +32.9% | 2,064,484 | -2.7% | 2.94% | +25.9% |
| CL | Sell | COLGATE PALMOLIVE CO | $55,909,546 | -2.1% | 725,721 | -4.5% | 0.17% | -7.1% |
| AAPL | Sell | APPLE INC | $47,897,982 | +17.1% | 246,935 | -0.5% | 0.14% | +10.7% |
| MMM | Sell | 3M CO | $27,138,803 | -4.8% | 271,144 | -0.1% | 0.08% | -9.9% |
| SPY | Sell | SPDR S&P 500 ETF TRtr unit | $24,269,580 | -5.3% | 54,750 | -12.5% | 0.07% | -9.8% |
| EQIX | Buy | EQUINIX INC | $16,925,265 | +11.7% | 21,590 | +2.7% | 0.05% | +4.1% |
| ABBV | ABBVIE INC | $10,876,753 | -15.5% | 80,730 | 0.0% | 0.03% | -19.5% | |
| CME | Sell | CME GROUP INC | $10,527,437 | -7.6% | 56,816 | -4.5% | 0.03% | -11.1% |
| ABT | ABBOTT LABS | $7,863,613 | +7.7% | 72,130 | 0.0% | 0.02% | +4.3% | |
| VRTX | VERTEX PHARMACEUTICALS INC | $7,196,559 | +11.7% | 20,450 | 0.0% | 0.02% | +4.8% | |
| DVY | ISHARES TRselect divid etf | $6,632,922 | -3.3% | 58,543 | 0.0% | 0.02% | -9.1% | |
| XLU | SELECT SECTOR SPDR TRsbi int-utils | $5,790,524 | -3.3% | 88,486 | 0.0% | 0.02% | -5.3% | |
| PLD | PROLOGIS INC. | $5,674,703 | -1.7% | 46,275 | 0.0% | 0.02% | -5.6% | |
| BMY | BRISTOL-MYERS SQUIBB CO | $4,914,558 | -7.7% | 76,850 | 0.0% | 0.02% | -11.8% | |
| AMZN | Sell | AMAZON COM INC | $4,938,037 | +16.1% | 37,880 | -8.0% | 0.02% | +7.1% |
| PEP | Sell | PEPSICO INC | $4,684,399 | +1.6% | 25,291 | -0.0% | 0.01% | -6.7% |
| FB | META PLATFORMS INCcl a | $3,845,532 | +35.4% | 13,400 | 0.0% | 0.01% | +33.3% | |
| GILD | GILEAD SCIENCES INC | $3,512,928 | -7.1% | 45,581 | 0.0% | 0.01% | -8.3% | |
| JNJ | JOHNSON & JOHNSON | $3,236,247 | +6.8% | 19,552 | 0.0% | 0.01% | 0.0% | |
| DLR | DIGITAL RLTY TR INC | $3,199,861 | +15.8% | 28,101 | 0.0% | 0.01% | +11.1% | |
| SYY | SYSCO CORP | $2,899,291 | -3.9% | 39,074 | 0.0% | 0.01% | -10.0% | |
| JPM | JPMORGAN CHASE & CO | $3,121,724 | +11.6% | 21,464 | 0.0% | 0.01% | 0.0% | |
| PFE | PFIZER INC | $3,114,535 | -10.1% | 84,911 | 0.0% | 0.01% | -18.2% | |
| NEE | NEXTERA ENERGY INC | $1,958,880 | -3.7% | 26,400 | 0.0% | 0.01% | -14.3% | |
| BRKB | BERKSHIRE HATHAWAY INC DELcl b new | $1,545,412 | +10.4% | 4,532 | 0.0% | 0.01% | +25.0% | |
| BRKA | BERKSHIRE HATHAWAY INC DELcl a | $1,553,430 | +11.2% | 3 | 0.0% | 0.01% | +25.0% | |
| PLTR | PALANTIR TECHNOLOGIES INCcl a | $1,533,000 | +81.4% | 100,000 | 0.0% | 0.01% | +66.7% | |
| PRTA | PROTHENA CORP PLC | $1,642,817 | +40.9% | 24,060 | 0.0% | 0.01% | +25.0% | |
| AMD | ADVANCED MICRO DEVICES INC | $1,708,650 | +16.2% | 15,000 | 0.0% | 0.01% | 0.0% | |
| CSCO | CISCO SYS INC | $1,474,228 | -1.0% | 28,493 | 0.0% | 0.00% | -20.0% | |
| KO | COCA COLA CO | $1,365,248 | -2.9% | 22,671 | 0.0% | 0.00% | -20.0% | |
| BMRN | BIOMARIN PHARMACEUTICAL INC | $1,300,200 | -10.9% | 15,000 | 0.0% | 0.00% | -20.0% | |
| BK | BANK NEW YORK MELLON CORP | $1,322,422 | -2.0% | 29,704 | 0.0% | 0.00% | 0.0% | |
| XOM | Sell | EXXON MOBIL CORP | $995,280 | -3.8% | 9,280 | -1.7% | 0.00% | 0.0% |
| IWF | Buy | ISHARES TRrus 1000 grw etf | $957,626 | +42.3% | 3,480 | +26.3% | 0.00% | +50.0% |
| LAC | LITHIUM AMERS CORP NEW | $909,450 | -7.1% | 45,000 | 0.0% | 0.00% | 0.0% | |
| MRK | MERCK & CO INC | $902,119 | +8.5% | 7,818 | 0.0% | 0.00% | 0.0% | |
| AGIO | AGIOS PHARMACEUTICALS INC | $849,600 | +23.3% | 30,000 | 0.0% | 0.00% | +50.0% | |
| ARWR | Buy | ARROWHEAD PHARMACEUTICALS IN | $713,200 | +47.8% | 20,000 | +5.3% | 0.00% | 0.0% |
| ETG | EATON VANCE TX ADV GLBL DIV | $701,400 | +3.4% | 42,000 | 0.0% | 0.00% | 0.0% | |
| DUK | Buy | DUKE ENERGY CORP NEW | $610,411 | +15.7% | 6,802 | +24.4% | 0.00% | 0.0% |
| T | AT&T INC | $550,275 | -17.1% | 34,500 | 0.0% | 0.00% | 0.0% | |
| FCX | FREEPORT-MCMORAN INCcl b | $572,760 | -2.2% | 14,319 | 0.0% | 0.00% | 0.0% | |
| ZTS | Buy | ZOETIS INCcl a | $819,031 | +7.1% | 4,756 | +3.5% | 0.00% | 0.0% |
| SNAP | SNAP INCcl a | $615,680 | +5.6% | 52,000 | 0.0% | 0.00% | 0.0% | |
| VOD | VODAFONE GROUP PLC NEWsponsored adr | $499,773 | -14.4% | 52,886 | 0.0% | 0.00% | 0.0% | |
| VZ | Sell | VERIZON COMMUNICATIONS INC | $301,090 | -8.7% | 8,096 | -4.5% | 0.00% | 0.0% |
| HD | HOME DEPOT INC | $241,367 | +5.3% | 777 | 0.0% | 0.00% | 0.0% | |
| BNY | BLACKROCK N Y MUN INCOME TRUsh ben int | $465,300 | -0.6% | 45,000 | 0.0% | 0.00% | 0.0% | |
| PG | PROCTER AND GAMBLE CO | $333,828 | +2.1% | 2,200 | 0.0% | 0.00% | 0.0% | |
| SCHW | SCHWAB CHARLES CORP | $303,805 | +8.2% | 5,360 | 0.0% | 0.00% | 0.0% | |
| MCRB | Sell | SERES THERAPEUTICS INC | $239,500 | -57.8% | 50,000 | -50.0% | 0.00% | -50.0% |
| SOMALOGIC INC | $231,000 | -9.4% | 100,000 | 0.0% | 0.00% | 0.0% | ||
| TSLA | TESLA INC | $261,770 | +26.2% | 1,000 | 0.0% | 0.00% | 0.0% | |
| ANNALY CAPITAL MANAGEMENT IN | $280,140 | +4.7% | 14,000 | 0.0% | 0.00% | 0.0% | ||
| UAL | New | UNITED AIRLS HLDGS INC | $246,915 | – | 4,500 | +100.0% | 0.00% | – |
| WARNER BROS DISCOVERY INC | $259,891 | -17.0% | 20,725 | 0.0% | 0.00% | 0.0% | ||
| GINKGO BIOWORKS HOLDINGS INC | $465,000 | +39.8% | 250,000 | 0.0% | 0.00% | 0.0% | ||
| AXLA | AXCELLA HEALTH INC | $21,830 | -54.5% | 100,000 | 0.0% | 0.00% | – | |
| ARMP | ARMATA PHARMACEUTICALS INC | $114,000 | -31.7% | 100,000 | 0.0% | 0.00% | -100.0% | |
| New | INHIBIKASE THERAPEUTICS INC | $60,167 | – | 16,667 | +100.0% | 0.00% | – | |
| HOWL | WEREWOLF THERAPEUTICS INC | $152,500 | +17.3% | 50,000 | 0.0% | 0.00% | – | |
| Exit | GINKGO BIOWORKS HOLDINGS INC*w exp 09/16/202 | $0 | – | -10,000 | -100.0% | 0.00% | – | |
| RPRX | Exit | ROYALTY PHARMA PLC | $0 | – | -23,000 | -100.0% | -0.00% | – |
| MTCH | Exit | MATCH GROUP INC NEW | $0 | – | -16,172,812 | -100.0% | -1.99% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-08-11
About Edgewood Management
Edgewood Management is a privately owned investment management firm that was founded in 1974. The company is headquartered in New York City and manages over $20 billion in assets for its clients. The firm is known for its long-term investment approach and its focus on high-quality growth companies.
The company's investment philosophy is centered around investing in companies that have strong competitive advantages, high-quality management teams, and sustainable growth prospects. Edgewood Management's investment team is led by CEO and Chief Investment Officer, William C. Ruane, who has been with the firm since its inception. The team also includes several other experienced investment professionals who have a deep understanding of the markets and the companies in which they invest.
Edgewood Management's investment strategy has been successful over the years, with the firm consistently outperforming its benchmarks. The company's flagship fund, the Edgewood Growth Fund, has delivered an average annual return of over 15% since its inception in 1974. The fund has also been recognized by Morningstar as a top-performing fund in its category.
Overall, Edgewood Management is a well-respected investment management firm that has a long track record of success. The company's focus on high-quality growth companies and its experienced investment team make it a strong choice for investors who are looking for a long-term investment strategy.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| VISA INC | 42 | Q3 2023 | 7.8% |
| ILLUMINA INC | 42 | Q3 2023 | 6.6% |
| AMAZON COM INC | 42 | Q3 2023 | 7.4% |
| AMERICAN TOWER CORP NEW | 42 | Q3 2023 | 6.4% |
| INTUITIVE SURGICAL INC | 42 | Q3 2023 | 6.3% |
| CME GROUP INC | 42 | Q3 2023 | 5.8% |
| GILEAD SCIENCES INC | 42 | Q3 2023 | 7.5% |
| APPLE INC | 42 | Q3 2023 | 4.7% |
| 3M CO | 42 | Q3 2023 | 1.2% |
| COLGATE PALMOLIVE CO | 42 | Q3 2023 | 0.7% |
View Edgewood Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| ALIGN TECHNOLOGY INC | February 14, 2023 | 3,409,145 | 4.4% |
| ILLUMINA, INC. | February 14, 2023 | 6,478,370 | 4.1% |
| Snap Inc | February 14, 2023 | 49,000 | 0.0% |
| ALLIANCE DATA SYSTEMS CORPSold out | February 14, 2019 | 0 | 0.0% |
| IHS Inc. | February 11, 2016 | 4,335,863 | 6.5% |
| STRATASYS LTD.Sold out | February 11, 2016 | 0 | 0.0% |
| QUANTA SERVICES INC | February 09, 2011 | 9,790,289 | 4.6% |
| COVANCE INCSold out | September 08, 2010 | 0 | 0.0% |
View Edgewood Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-13 |
| SC 13G/A | 2024-02-13 |
| 13F-HR | 2023-11-13 |
| 13F-HR | 2023-08-11 |
| 13F-HR | 2023-05-12 |
| SC 13G/A | 2023-02-14 |
| SC 13G/A | 2023-02-14 |
| SC 13G/A | 2023-02-14 |
| SC 13G/A | 2023-02-14 |
| 13F-HR | 2023-02-13 |
View Edgewood Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.