Financial Avengers is based out of Oakland. Financial Avengers is a large advisory firm with 225 clients and discretionary assets under management (AUM) of $366,797,865 (Form ADV from 2024-04-10). Their last reported 13F filing for Q4 2024 included $212,042,548 in managed 13F securities
and a top 10 holdings concentration of 75.68%. Financial Avengers's largest holding is Amazon.com Inc with shares held of 126,650. Whalewisdom has at least 17 13F filings
Business Description
Financial Avengers, Inc. (FAI) is a registered investment advisor established in June 2000. The company is led by Thomas W. Swift, Chief Executive Officer, and Arthur L. McCord, Chief Operations Officer. FAI offers investment management services, acknowledging the complexity and multifaceted nature of the field. They emphasize the need for thought, patience, discipline, courage, and even-temperament in investment management.
FAI has no reported legal or disciplinary actions against the firm or its principals. Neither FAI nor its principals have any affiliations with related financial industry entities. However, Mr. Swift is registered as an agent with various non-related insurance companies, a disclosure detailed in "Item 5: Fees and Compensation."
Investment Strategy
The investment strategies employed by the firm are guided by several principles, emphasizing a fluid approach that adapts to changing market conditions and evolving knowledge. They prioritize "Do No Harm," meaning they avoid investments that could negatively impact their clients' financial well-being. They also utilize dollar cost averaging, investing gradually and consistently over time to mitigate risk and benefit from market fluctuations.
The firm also draws inspiration from Warren Buffett's investment philosophy, emphasizing prudence and disciplined profit-taking. They believe in the importance of "The Wal-Mart Rule," which suggests investing in the growing competitive threat rather than against it. This principle highlights the need to be aware of emerging trends and adapt investment strategies accordingly. They also prioritize investing in companies with strong values and a positive culture.
Owners
- SWIFT, THOMAS, WAINWRIGHT - CEO/CHIEF COMPLIANCE OFFICER
- MCCORD, ARTHUR, LAVAL - COO Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| SHOP Shopify Inc | 0.52% |
| USIG iShares Broad USD In | 0.42% |
| DIS Walt Disney Co. (The | 0.34% |
| MMM 3M Co. | 0.27% |
| PFE Pfizer, Inc | 0.26% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| INTC Intel Corp | 1.3% |
| AAPL Apple Inc | 1.08% |
| BRK.B Berkshire Hathaway I | 0.53% |
| F Ford Motor Co | 0.34% |
| BAC Bank Of America Corp | 0.21% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| AMZN Amazon.com Inc | 13.1% |
| NVDA NVIDIA Corp | 12.88% |
| AAPL Apple Inc | 11.9% |
| BRK.B Berkshire Hathaway I | 8.17% |
| GOOG Alphabet Inc. Class | 8% |
2024-12-31
13F Activity
| Market Value | $212m, Prior: $203m |
| Inflows (Outflows) as % of Total MV | (-2.8745)% |
| New Purchases | 0 stocks |
| Added To | 64 stocks |
| Sold out of | 17 stocks |
| Reduced holdings in | 26 stocks |
| Top 10 Holdings % | 75.68% |
| Turnover %[1] | 9.66% |
| Turnover Alt %[2] | 2.17% |
| Time Held Top 20 | 12.45 quarters |
| Time Held Top 10 | 10.7 quarters |
| Time Held All | 12.15 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
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2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31