Marble Wealth Expands Holdings

Marble Wealth Boosts Portfolio with $85 Million in New Stakes, Including S&P 500 ETF

Marble Wealth LLC disclosed new positions from its latest 13F filings, including a stake in Wells Fargo & Company and additional purchases across several diversified funds and large-cap stocks. For Wells Fargo, the firm bought 12,893 shares worth about $1.2 million, while a range of other institutional investors also adjusted their holdings, and institutional investors collectively own about three-quarters of the company’s shares. Marble Wealth also added to its ETF exposure by buying shares of the Vanguard Dividend Appreciation ETF and acquiring iShares Core S&P 500 ETF, with the latter becoming its largest holding and representing about 8.5% of the firm’s portfolio. In single-stock moves, Marble Wealth established a new position in Duke Energy valued around $1.1 million, where multiple institutions made smaller concurrent trades and institutional investors own a majority of the stock. The firm additionally bought GE Aerospace shares worth about $6.3 million, as other major institutions increased or added to their own positions. Taken together, the filings show Marble Wealth continuing to build both core index and dividend/utility/industrial exposure through incremental reallocations.

Key Points

Topics