Latest Palumbo Wealth Management LLC Stock Portfolio

Palumbo Wealth Management LLC Performance:

2024 Q3: 5.17%YTD: 11.41%2023: 12.56%

Performance for 2024 Q3 is 5.17%, and YTD is 11.41%, and 2023 is 12.56%.

About Palumbo Wealth Management LLC and 13F Hedge Fund Stock Holdings

Palumbo Wealth Management LLC is a hedge fund based in GREAT NECK, NY. On 26-Jul-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $230.1 Millions. In it's latest 13F Holdings report, Palumbo Wealth Management LLC reported an equity portfolio of $257.2 Millions as of 30 Sep, 2024.

The top stock holdings of Palumbo Wealth Management LLC are SPY, GLD, IJR. The fund has invested 8.9% of it's portfolio in SPDR S&P 500 ETF TR and 5.1% of portfolio in SPDR GOLD TR.

The fund managers got completely rid off EATON VANCE NATL MUN OPPORT, INTEL CORP (INTC) and OCULAR THERAPEUTIX INC (OCUL) stocks. They significantly reduced their stock positions in OPTINOSE INC (OPTN), NUVATION BIO INC (NUVB) and ERASCA INC (ERAS). Palumbo Wealth Management LLC opened new stock positions in PIMCO NEW YORK MUN FD II, KLA CORP (KLAC) and CITIGROUP INC (C). The fund showed a lot of confidence in some stocks as they added substantially to HONEYWELL INTL INC (HON), ISHARES TR (IJR) and CONSOLIDATED EDISON INC (ED).

Palumbo Wealth Management LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Palumbo Wealth Management LLC made a return of 5.17% in the last quarter. In trailing 12 months, it's portfolio return was 19.95%.

New Buys

Ticker	$ Bought
pimco new york mun fd ii	487,445
pimco mun income fd iii	484,326
kla corp	396,970
citigroup inc	297,300
genedx holdings corp	286,937
3m co	266,185
protagonist therapeutics inc	234,495
gitlab inc	233,941

New stocks bought by Palumbo Wealth Management LLC

Additions

Ticker	% Inc.
honeywell intl inc	216
ishares tr	118
consolidated edison inc	66.46
elevation oncology inc	55.47
lyondellbasell industries n	31.63
pimco etf tr	27.02
occidental pete corp	22.89
crowdstrike hldgs inc	17.13

Additions to existing portfolio by Palumbo Wealth Management LLC

Reductions

Ticker	% Reduced
optinose inc	-42.17
nuvation bio inc	-41.99
erasca inc	-41.88
ishares tr	-17.5
chevron corp new	-14.48
ardelyx inc	-12.84
disney walt co	-6.9
vanguard scottsdale fds	-6.53

Palumbo Wealth Management LLC reduced stake in above stock

Sold off

Ticker	$ Sold
nuveen amt-free mun value fd	-438,081
eaton vance natl mun opport	-446,597
adc therapeutics sa	-41,934
zevra therapeutics inc	-63,220
ocular therapeutix inc	-86,643
intel corp	-218,582
novo-nordisk a s	-223,674
sirius xm holdings inc	-31,661

Palumbo Wealth Management LLC got rid off the above stocks

Sector Distribution

Palumbo Wealth Management LLC has about 50% of it's holdings in Others sector.

Sector	%
Others	50
Technology	12.4
Consumer Cyclical	6.5
Healthcare	6.2
Industrials	6
Consumer Defensive	5.9
Financial Services	5.4
Communication Services	2.8
Utilities	2
Basic Materials	1.2
Energy	1.1

Market Cap. Distribution

Palumbo Wealth Management LLC has about 48.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	50
MEGA-CAP	24.8
LARGE-CAP	23.7

Stocks belong to which Index?

About 49.1% of the stocks held by Palumbo Wealth Management LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	50.9
S&P 500	47.9
RUSSELL 2000	1.2

Top 5 Winners (%)		%
LPSN	liveperson inc	99.6 %
CRMD	cormedix inc	68.0 %
BFLY	butterfly network inc	60.9 %
XGN	exagen inc	57.1 %
DSGN	design therapeutics inc	54.0 %

Top 5 Winners ($)		$
GLD	spdr gold tr	1.5 M
SPY	spdr s&p 500 etf tr	1.2 M
AAPL	apple inc	1.0 M
IJR	ishares tr	0.8 M
ETR	entergy corp new	0.6 M

Top 5 Losers (%)		%
ELEV	elevation oncology inc	-70.2 %
OPTN	optinose inc	-25.3 %
CRWD	crowdstrike hldgs inc	-23.6 %
OXY	occidental pete corp	-16.9 %
IDYA	ideaya biosciences inc	-16.5 %

Top 5 Losers ($)		$
OXY	occidental pete corp	-0.3 M
MSFT	microsoft corp	-0.2 M
CRWD	crowdstrike hldgs inc	-0.2 M
AMZN	amazon com inc	-0.2 M
GOOG	alphabet inc	-0.2 M

Palumbo Wealth Management LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Palumbo Wealth Management LLC

Palumbo Wealth Management LLC has 160 stocks in it's portfolio. About 40.1% of the portfolio is in top 10 stocks. OXY proved to be the most loss making stock for the portfolio. GLD was the most profitable stock for Palumbo Wealth Management LLC last quarter.

Last Reported on: 28 Oct, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	4.00	44,159	10,289,000	reduced	-0.3

AAXJ	ishares tr	0.18	4,245	461,119	added	8.13

ABR	arbor realty trust inc	0.09	14,040	218,455	added	3.14

ABT	abbott labs	0.32	7,205	821,424	added	0.97

ACHR	archer aviation inc	0.02	20,680	62,661	added	12.91

ACN	accenture plc ireland	0.98	7,112	2,514,070	reduced	-3.74

ADCT	adc therapeutics sa	0.00	0.00	0.00	sold off	-100

AFTY	pacer fds tr	0.35	18,239	903,561	added	5.54

AGNG	global x fds	0.19	9,082	494,334	unchanged	0.00

AMAT	applied matls inc	0.38	4,872	984,454	added	0.77

AMGN	amgen inc	0.17	1,336	430,430	added	0.91

AMT	american tower corp new	0.34	3,714	863,622	added	1.56

AMZN	amazon com inc	2.13	29,427	5,483,130	added	0.36

APH	amphenol corp new	0.23	9,003	586,614	added	0.17

ARDX	ardelyx inc	0.06	20,526	141,425	reduced	-12.84

ASRT	assertio holdings inc	0.09	185,961	219,434	added	9.33

BAC	bank america corp	0.63	40,910	1,623,330	added	10.81

BAPR	innovator etfs trust	1.36	166,152	3,499,160	reduced	-5.52

BAPR	innovator etfs trust	0.25	18,354	646,863	unchanged	0.00

BBAX	j p morgan exchange traded f	0.25	11,291	645,055	added	2.75