Latest DRIVE WEALTH MANAGEMENT, LLC Stock Portfolio

DRIVE WEALTH MANAGEMENT, LLC Performance:

2024 Q3: 1.79%YTD: 7.71%2023: 10.55%

Performance for 2024 Q3 is 1.79%, and YTD is 7.71%, and 2023 is 10.55%.

About DRIVE WEALTH MANAGEMENT, LLC and 13F Hedge Fund Stock Holdings

DRIVE WEALTH MANAGEMENT, LLC is a hedge fund based in LEHI, UT. On 24-Apr-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $1.8 Billions. In it's latest 13F Holdings report, DRIVE WEALTH MANAGEMENT, LLC reported an equity portfolio of $768.1 Millions as of 30 Sep, 2024.

The top stock holdings of DRIVE WEALTH MANAGEMENT, LLC are IJR, , VEA. The fund has invested 8.8% of it's portfolio in ISHARES TR and 5.9% of portfolio in BERKSHIRE HATHAWAY INC DEL.

The fund managers got completely rid off ISHARES TR (ACWF), DIMENSIONAL ETF TRUST (DFAC) and ISHARES TR (DMXF) stocks. They significantly reduced their stock positions in FS KKR CAP CORP (FSK), DEERE & CO (DE) and SPDR SER TR (BIL). DRIVE WEALTH MANAGEMENT, LLC opened new stock positions in PIMCO DYNAMIC INCOME FD, J P MORGAN EXCHANGE TRADED F (BBAX) and SIMPLIFY EXCHANGE TRADED FUN (AGGH). The fund showed a lot of confidence in some stocks as they added substantially to CINTAS CORP (CTAS), WISDOMTREE TR (DWMF) and PURECYCLE TECHNOLOGIES INC (PCT).

DRIVE WEALTH MANAGEMENT, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that DRIVE WEALTH MANAGEMENT, LLC made a return of 1.79% in the last quarter. In trailing 12 months, it's portfolio return was 13.23%.

New Buys

Ticker	$ Bought
pimco dynamic income fd	3,460,150
abrdn income credit strategi	3,283,260
blackstone long short cr inc	2,703,330
j p morgan exchange traded f	2,388,030
j p morgan exchange traded f	2,371,990
brookfield real assets incom	2,290,780
simplify exchange traded fun	2,131,970
j p morgan exchange traded f	2,117,280

New stocks bought by DRIVE WEALTH MANAGEMENT, LLC

Additions

Ticker	% Inc.
cintas corp	717
wisdomtree tr	579
purecycle technologies inc	468
southern copper corp	410
phillips 66	253
ishares tr	228
vaneck etf trust	227
spdr s&p 500 etf tr	220

Additions to existing portfolio by DRIVE WEALTH MANAGEMENT, LLC

Reductions

Ticker	% Reduced
fs kkr cap corp	-25.91
deere & co	-24.8
spdr ser tr	-20.11
spdr ser tr	-18.47

DRIVE WEALTH MANAGEMENT, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
dimensional etf trust	-4,725,670
ishares tr	-6,645,330
peakstone realty trust	-459,801
j p morgan exchange traded f	-1,615,930
spdr index shs fds	-1,114,500
harrow inc	-617,320
vanguard whitehall fds	-1,717,960
blackrock munivest fd inc	-172,560

DRIVE WEALTH MANAGEMENT, LLC got rid off the above stocks

Sector Distribution

DRIVE WEALTH MANAGEMENT, LLC has about 56.1% of it's holdings in Others sector.

Sector	%
Others	56.1
Technology	16.5
Financial Services	4.9
Consumer Cyclical	4.1
Healthcare	3.9
Communication Services	3.5
Industrials	2.9
Energy	2.8
Utilities	2.3
Consumer Defensive	2

Market Cap. Distribution

DRIVE WEALTH MANAGEMENT, LLC has about 38.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	56.1
MEGA-CAP	22.8
LARGE-CAP	15.5
MID-CAP	2.9
SMALL-CAP	2.5

Stocks belong to which Index?

About 41% of the stocks held by DRIVE WEALTH MANAGEMENT, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	59
S&P 500	37.4
RUSSELL 2000	3.6

Top 5 Winners (%)		%
PCT	purecycle technologies inc	56.8 %
AUR	aurora innovation inc	40.6 %
PYPL	paypal hldgs inc	23.6 %
ALGT	allegiant travel co	21.5 %
TSLA	tesla inc	21.1 %

Top 5 Winners ($)		$
IJR	ishares tr	2.5 M
AAPL	apple inc	1.8 M
META	meta platforms inc	0.8 M
TSLA	tesla inc	0.8 M
ACN	accenture plc ireland	0.6 M

Top 5 Losers (%)		%
LRCX	lam research corp	-82.9 %
CTAS	cintas corp	-72.5 %
MASS	908 devices inc	-17.0 %
MU	micron technology inc	-16.6 %
BA	boeing co	-15.2 %

Top 5 Losers ($)		$
LRCX	lam research corp	-2.1 M
CTAS	cintas corp	-2.0 M
GOOG	alphabet inc	-0.4 M
AMPS	ishares tr	-0.3 M
GOOG	alphabet inc	-0.3 M

DRIVE WEALTH MANAGEMENT, LLC Holdings Map

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

Current Stock Holdings of DRIVE WEALTH MANAGEMENT, LLC

DRIVE WEALTH MANAGEMENT, LLC has 320 stocks in it's portfolio. About 39.4% of the portfolio is in top 10 stocks. LRCX proved to be the most loss making stock for the portfolio. IJR was the most profitable stock for DRIVE WEALTH MANAGEMENT, LLC last quarter.

Last Reported on: 07 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	3.85	126,996	29,590,200	added	102

AAXJ	ishares tr	2.18	151,610	16,772,600	added	153

AAXJ	ishares tr	0.61	58,254	4,677,730	added	228

AAXJ	ishares tr	0.16	22,052	1,259,380	added	100

AAXJ	ishares tr	0.00	0.00	0.00	sold off	-100

ABBV	abbvie inc	0.29	11,240	2,219,740	added	103

ABT	abbott labs	0.19	13,044	1,487,340	added	102

ACN	accenture plc ireland	0.77	16,692	5,900,330	added	100

ACWF	ishares tr	0.45	54,678	3,427,800	added	110

ACWF	ishares tr	0.00	0.00	0.00	sold off	-100

ACWV	ishares inc	0.00	0.00	0.00	sold off	-100

ADBE	adobe inc	0.21	3,130	1,620,730	added	116

ADI	analog devices inc	0.08	2,674	615,394	added	102

ADP	automatic data processing in	0.12	3,386	941,822	added	103

AEE	ameren corp	0.06	5,700	498,454	new

AFK	vaneck etf trust	0.86	546,042	6,590,740	added	227

AFK	vaneck etf trust	0.06	11,830	471,070	added	100

AFL	aflac inc	0.06	4,418	493,922	new

AGGH	simplify exchange traded fun	0.28	97,084	2,131,970	new

AGNG	global x fds	0.00	0.00	0.00	sold off	-100