Equal-WT
WhaleScore 2.0
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Private Management Group is based out of Irvine. Private Management Group is a large advisory firm with 3310 clients and discretionary assets under management (AUM) of $4,167,304,710 (Form ADV from 2024-07-26). Their last reported 13F filing for Q2 2024 included $2,601,083,035 in managed 13F securities
and a top 10 holdings concentration of 19.47%. Private Management Group's largest holding is Berkshire Hathaway Inc Class B with shares held of 172,223. Whalewisdom has at least 105 13F filings, and 184 13G filings
Business Description
PMG has been providing investment advisory services since 1986. The company is co-owned by Dennis Reiland, Robert Summers, John Luciano, and Diane de la Cruz, who also serve as Co-Presidents, Chief Financial Officer, and Chief Compliance Officer, respectively. PMG's staff includes portfolio managers, traders, customer service representatives, and other back-office support staff.
PMG offers investment supervisory services, constructing and managing portfolios based on client input regarding risk and return objectives. These long-term strategic frameworks are adjusted using short-term tactical decisions to capitalize on current opportunities. As of December 2023, PMG has $4,167,304,710 of assets under supervision on a discretionary basis. Their mission is to serve clients by allocating capital in a manner that aligns with the client's objectives and incorporates information provided by the client. PMG emphasizes the importance of client input in targeting desired risk profiles and adjusting for potential special circumstances.
Investment Strategy
PMG constructs and manages portfolios based on client input regarding risk and return objectives. These long-term strategic frameworks are adjusted using shorter-term tactical decisions to account for current market opportunities. This may lead to deviations from the long-term strategy for extended periods.
PMG focuses on achieving absolute returns, comparing performance to a risk-free benchmark plus a required return. This required return, or risk premium, varies based on market conditions and client objectives, but is generally considered to be in the low single digits. For simplicity, PMG uses three main benchmarks, which can vary based on market conditions, to provide relative comparisons.
Owners
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Known Email Addresses
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Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| PDCO Patterson Companies, | 0.92% |
| VYX NCR Voyix Corp | 0.77% |
| ABEV Ambev S.A. ADR | 0.74% |
| CABO Cable One Inc | 0.48% |
| TAP Molson Coors Brewing | 0.4% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| BRK.B Berkshire Hathaway I | 0.48% |
| VCSH VANGUARD SHORT-TERM | 0.44% |
| VLO Valero Energy Corp. | 0.34% |
| NXST Nexstar Media Group | 0.32% |
| PBF PBF Energy Inc | 0.29% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| BRK.B Berkshire Hathaway I | 2.69% |
| SPNT Siriuspoint Ltd | 2.45% |
| JEF Jefferies Financial | 2.2% |
| VLO Valero Energy Corp. | 2.04% |
| BK Bank Of New York Mel | 1.8% |
2024-06-30
13F Activity
| Market Value | $2.60b, Prior: $2.64b |
| Inflows (Outflows) as % of Total MV | +2.561% |
| New Purchases | 9 stocks |
| Added To | 75 stocks |
| Sold out of | 6 stocks |
| Reduced holdings in | 101 stocks |
| Top 10 Holdings % | 19.47% |
| Turnover %[1] | 7.04% |
| Turnover Alt %[2] | 5.94% |
| Time Held Top 20 | 15.85 quarters |
| Time Held Top 10 | 10 quarters |
| Time Held All | 18.54 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.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30