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CRESSET ASSET MANAGEMENT, LLC

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CHICAGO IL Investment Advisor Hedge Fund
13F Summary
Cresset Asset Management is based out of Chicago. Cresset Asset Management is a hedge fund with 3961 clients and discretionary assets under management (AUM) of $51,578,974,404 (Form ADV from 2024-11-27). Their last reported 13F filing for Q4 2024 included $20,932,831,778 in managed 13F securities and a top 10 holdings concentration of 44.28%. Cresset Asset Management's largest holding is Arista Networks Inc with shares held of 27,288,583. Whalewisdom has at least 27 13F filings
Business Description
Cresset provides investment advisory and family office services to a wide range of clients, including individuals, high-net-worth individuals, trusts, estates, retirement plans, charitable organizations, corporations, and pooled investment vehicles. Their services encompass wealth management, which includes comprehensive financial planning, family office services, and consulting strategies, as well as discretionary and non-discretionary investment advisory services. Cresset also offers retirement plan advisory services designed to assist plan sponsors in meeting their fiduciary obligations to the plan and its participants. These services include vendor analysis, plan participant enrollment and education tracking, performance reporting, ongoing investment recommendation and assistance, ERISA 404(c) assistance, benchmarking services, investment policy statement design and monitoring, and investment monitoring services (ERISA 3(21)).
Investment Strategy
Cresset utilizes various investment strategies to manage client accounts, with the specific approach tailored to each client's unique financial situation, objectives, risk tolerance, time horizon, and other suitability factors. These strategies include asset allocation, where the focus is on determining the appropriate ratio of securities, fixed income, and cash aligned with the client's investment goals and risk tolerance. This strategy aims to mitigate the risk of missing out on sharp increases in specific securities or market sectors, but it also carries the risk of the ratio shifting over time due to market movements, potentially misaligning with the client's goals. Another strategy employed by Cresset is long-term purchases, where securities are acquired with the intention of holding them for a year or longer. This approach is typically used when the securities are deemed undervalued or when exposure to a specific asset class is desired over time, regardless of short-term market fluctuations.
Known Email Addresses
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2024-12-31

Top Buys (13F)

2024-12-31

Top Sells (13F)

2024-12-31

13F Holdings Summary

Name $ Change
ANET Arista Networks Inc 14.41%
SPY SPDR S&P 500 ETF TRU 9.38%
IVV iShares Core S&P 500 5.8%
AAPL Apple Inc 3.16%
RSP Invesco S&P 500 Equa 3.12%
All or part of CRESSET ASSET MANAGEMENT, LLC 13F disclosures were filed under a combined 13F through DORSEY & WHITNEY TRUST COMPANY LLC
for 2024-12-31

2024-12-31

13F Activity

Market Value $20.9b, Prior: $26.0b
Inflows (Outflows) as % of Total MV (-27.0616)%
New Purchases 104 stocks
Added To 257 stocks
Sold out of 536 stocks
Reduced holdings in 1256 stocks
Top 10 Holdings % 44.28%
Turnover %[1] 28.03%
Turnover Alt %[2] 5.23%
Time Held Top 20 7.7 quarters
Time Held Top 10 5.2 quarters
Time Held All 9.49 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31

13F Sector Allocation Over Time

limited to past 4 quarters. Subscribe to see all available data

2024-12-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31

Portfolio Performance