Karpas Strategies, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 30, 2024), Karpas Strategies, LLC reported 117 stock positions worth $318.8 million. Its top holding was Brookfield (BN) at 9.4% of the portfolio, followed by Johnson & Johnson (JNJ, 6.0%) and Schwab (charles) (SCHW, 5.8%). Compared with Q1 2024, it opened 2 new positions, added to 47 and reduced 35. The biggest buy was a new position in JPMorgan US Quality Factor (JQUA) and the biggest sale Johnson & Johnson (JNJ, shares −1%).

Most Recent 13F
Q2 2024
Location
LITCHFIELD, CT
CIK
0001127544
Portfolio Value
$318.8M (Q2 2024)
SEC Filing
0001127544-24-000006 ↗ filed Jul 30, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $321.7M Q1 2024 Q2 2024: $318.8M $318.8M Q2 2024

Holdings 117 stocks · $318.8M
BN Brookfield Corp. 9.35% 717,839 $29.8M Add +2.0%
JNJ Johnson & Johnson 5.97% 130,223 $19.0M Reduce -0.6%
SCHW Schwab (charles) Corp. 5.80% 251,003 $18.5M Reduce -0.0%
MRK Merck & Co. Inc. 5.16% 133,008 $16.5M Add +0.1%
OKE Oneok Inc. 4.97% 194,324 $15.8M Add +0.2%
BRK.B Berkshire Hathaway Inc. Class B 3.20% 25,051 $10.2M Reduce -0.4%
BAM Brookfield Asset Mgmt-A 3.16% 264,538 $10.1M Add +0.4%
TXN Texas Instruments Inc. 2.91% 47,666 $9.3M No change
BIP Brookfield Infrastructure Pa 2.56% 297,083 $8.2M Reduce -0.3%
MPLX MPLX LP 2.36% 176,557 $7.5M Add +1.1%
CMPR Cimpress PLC 2.25% 82,056 $7.2M Reduce -0.4%
FISV Fiserv Inc. 2.11% 45,035 $6.7M Reduce -0.5%
MSFT Microsoft Corp. 1.91% 13,654 $6.1M Reduce -2.3%
LBTYK Liberty Global Ltd. Class C 1.90% 339,339 $6.1M Reduce -0.4%
JEF Jefferies Financial Group Inc. 1.74% 111,775 $5.6M Reduce -1.3%
ESGR Enstar Group Ltd. 1.71% 17,823 $5.4M Reduce -0.9%
BEP Brookfield Renewable Partner 1.68% 216,760 $5.4M Reduce -1.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.57% 50,512 $5.0M No change
CMCSA Comcast Corp. Class A 1.43% 116,638 $4.6M Reduce -2.8%
BRK.A Berkshire Hathaway Inc. Class A 1.34% 7 $4.3M No change
XOM Exxon Mobil Corp. 1.34% 37,202 $4.3M Add +0.1%
JPM JPMorgan Chase & Co. 1.19% 18,705 $3.8M Add +0.2%
WFC Wells Fargo & Co. 1.17% 62,605 $3.7M Reduce -5.8%
WPC WP Carey Inc. 1.16% 67,271 $3.7M Add +0.4%
NLY Annaly Capital Management Inc. 1.12% 188,133 $3.6M Add +10.5%
PFE Pfizer Inc. 1.11% 127,003 $3.6M Add +0.0%
CB Chubb Ltd. 1.04% 13,015 $3.3M No change
AAPL Apple Inc. 1.04% 15,682 $3.3M Reduce -0.7%
DUHP Dimensional US High Profi Et 0.99% 98,381 $3.1M Add +39.8%
C Citigroup Inc. 0.96% 48,334 $3.1M Reduce -11.7%
BXSL Blackstone Secured Lending F 0.96% 99,713 $3.1M Add +2.3%
APO Apollo Global Management Inc. 0.93% 25,000 $3.0M No change
COP Conocophillips 0.85% 23,680 $2.7M No change
BIPC Brookfield Infrastructure-A 0.82% 77,525 $2.6M Add +2.0%
ENB Enbridge Inc. 0.80% 72,070 $2.6M Reduce -1.6%
KMI Kinder Morgan Inc. 0.74% 118,054 $2.3M Reduce -0.7%
CVX Chevron Corp. 0.73% 14,896 $2.3M Add +1.1%
RYN Rayonier Inc. 0.72% 78,546 $2.3M Reduce -0.2%
USB US Bancorp 0.70% 55,973 $2.2M Add +0.1%
JQUA JPMorgan US Quality Factor 0.66% 39,569 $2.1M New
HHH Howard Hughes Holdings Inc. 0.65% 32,033 $2.1M Reduce -0.6%
WM Waste Management Inc. 0.59% 8,804 $1.9M Add +0.2%
MLM Martin Marietta Materials 0.57% 3,368 $1.8M Add +0.1%
AXP American Express Co. 0.55% 7,600 $1.8M Add +2.6%
BEPC Brookfield Renewable Cor-A 0.54% 60,447 $1.7M Add +1.0%
KO The Coca-Cola Co. 0.51% 25,650 $1.6M Add +0.0%
GE General Electric filed as GE AEROSPACE 0.50% 9,990 $1.6M Add +0.0%
LUMN Lumen Technologies Inc. 0.47% 1,368,478 $1.5M Reduce -0.3%
NEE Nextera Energy Inc. 0.46% 20,647 $1.5M Add +0.2%
DE Deere & Co. 0.45% 3,871 $1.4M Reduce -2.5%
BXMT Blackstone Mortgage Tru Class A 0.44% 81,280 $1.4M Add +3.1%
BMY Bristol-Myers Squibb Co. 0.43% 33,259 $1.4M Add +0.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.42% 22,278 $1.3M Add +0.1%
PSX Phillips 66 0.39% 8,903 $1.3M No change
HON Honeywell International Inc. 0.38% 5,645 $1.2M Add +0.4%
WTM White Mountains Insurance GP 0.38% 659 $1.2M No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.37% 27,200 $1.2M No change
ABT Abbott Laboratories 0.35% 10,784 $1.1M No change
DFAS Dimensional US Small Cap ETF 0.33% 17,702 $1.1M Add +17.8%
EGP Eastgroup Properties Inc. 0.33% 6,225 $1.1M Reduce -2.0%
ABBV Abbvie Inc. 0.33% 6,144 $1.1M No change
PG The Procter & Gamble Co. 0.32% 6,258 $1.0M Reduce -2.1%
CME Cme Group Inc. 0.31% 5,000 $983K No change
MKL Markel Group Inc. 0.31% 620 $977K Reduce -5.8%
NVDA Nvidia Corp. 0.30% 7,850 $970K No change
T AT&T Inc. 0.30% 49,327 $943K Reduce -1.8%
CVS CVS Health Corp. 0.27% 14,714 $869K Add +0.6%
DFSV Dimensional US Small Cap Val 0.27% 29,415 $847K New
CSW CSW Industrials Inc. 0.25% 3,000 $796K No change
LMT Lockheed Martin Corp. 0.24% 1,652 $772K Add +0.4%
MCD McDonald's Corp. 0.20% 2,519 $642K Add +0.5%
SHEL Shell PLC-ADR 0.20% 8,852 $639K No change
AB Alliancebernstein Holding LP 0.20% 18,670 $631K Add +0.8%
TRV The Travelers Cos Inc. 0.18% 2,840 $577K No change
GM General Motors Co. 0.18% 12,238 $569K Add +0.1%
PEP Pepsico Inc. 0.18% 3,442 $568K Add +0.8%
WMT Walmart Inc. 0.17% 8,166 $553K Add +0.5%
ZBH Zimmer Biomet Holdings Inc. 0.17% 4,960 $538K No change
WH Wyndham Hotels & Resorts Inc. 0.17% 7,251 $537K Reduce -2.7%
BP BP PLC-Spons ADR 0.17% 14,584 $526K No change
LLY Eli Lilly & Co. 0.16% 577 $522K No change
WY Weyerhaeuser Co. 0.16% 17,794 $505K Add +0.1%
HIG Hartford Insurance Group Inc. 0.16% 5,000 $503K No change
AMZN Amazon.com Inc. 0.16% 2,595 $501K Reduce -3.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 2,879 $498K Add +0.2%
LBRDK Liberty Broadband-C 0.15% 8,699 $477K No change
MAR Marriott International Class A 0.15% 1,965 $475K Add +0.5%
NWLI National Western Life Grou-A 0.14% 927 $461K No change
AMP Ameriprise Financial Inc. 0.14% 1,075 $459K Add +1.4%
ACN Accenture PLC Class A 0.14% 1,457 $442K No change
GEV GE Vernova Inc. 0.13% 2,490 $427K Reduce -0.3%
DUK Duke Energy Corp. 0.13% 4,161 $417K Add +0.2%
GOOGL Alphabet Inc. Class A 0.13% 2,280 $415K No change
H Hyatt Hotels Corp. Class A 0.12% 2,535 $385K Reduce -3.7%
DFUS Dimensional US Eq MKT ETF 0.11% 6,197 $365K Add +25.4%
XYL Xylem Inc. 0.11% 2,609 $354K Add +0.1%
SU Suncor Energy Inc. 0.11% 9,000 $343K No change
LBTYA Liberty Global Ltd. Class A 0.11% 19,339 $337K Reduce -0.1%
MDLZ Mondelez International Inc. Class A 0.10% 5,083 $333K No change
DVN Devon Energy Corp. 0.10% 6,915 $328K Reduce -1.5%

Show all 117 holdings

Portfolio Sells Q1 2024 → Q2 2024
JNJ Johnson & Johnson Reduce -0.6% 5.97% −0.47
BIP Brookfield Infrastructure Pa Reduce -0.3% 2.56% −0.33
LUMN Lumen Technologies Inc. Reduce -0.3% 0.47% −0.19
CMCSA Comcast Corp. Class A Reduce -2.8% 1.43% −0.18
FISV Fiserv Inc. Reduce -0.5% 2.11% −0.14
C Citigroup Inc. Reduce -11.7% 0.96% −0.11
RYN Rayonier Inc. Reduce -0.2% 0.72% −0.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.4% 3.20% −0.09
HHH Howard Hughes Holdings Inc. Reduce -0.6% 0.65% −0.08
DE Deere & Co. Reduce -2.5% 0.45% −0.05
WFC Wells Fargo & Co. Reduce -5.8% 1.17% −0.03
ESGR Enstar Group Ltd. Reduce -0.9% 1.71% −0.03
EGP Eastgroup Properties Inc. Reduce -2.0% 0.33% −0.02
ENB Enbridge Inc. Reduce -1.6% 0.80% −0.02
CMPR Cimpress PLC Reduce -0.4% 2.25% −0.01
TNL Travel + Leisure Co. Reduce -2.2% 0.10% −0.01
H Hyatt Hotels Corp. Class A Reduce -3.7% 0.12% −0.01
WH Wyndham Hotels & Resorts Inc. Reduce -2.7% 0.17% −0.01
DVN Devon Energy Corp. Reduce -1.5% 0.10% −0.01
JOE The St Joe Co. Reduce -2.0% 0.08% −0.01
MKL Markel Group Inc. Reduce -5.8% 0.31% −0.00
VTS Vitesse Energy Inc. Reduce -3.9% 0.08% −0.00
GEV GE Vernova Inc. Reduce -0.3% 0.13% +0.00
PG The Procter & Gamble Co. Reduce -2.1% 0.32% +0.00
LBTYA Liberty Global Ltd. Class A Reduce -0.1% 0.11% +0.00
FWONK Liberty Media Corp. Class C Reduce -0.3% 0.07% +0.01
AMZN Amazon.com Inc. Reduce -3.0% 0.16% +0.01
T AT&T Inc. Reduce -1.8% 0.30% +0.02
LBTYK Liberty Global Ltd. Class C Reduce -0.4% 1.90% +0.03
KMI Kinder Morgan Inc. Reduce -0.7% 0.74% +0.06
MSFT Microsoft Corp. Reduce -2.3% 1.91% +0.09
BEP Brookfield Renewable Partner Reduce -1.1% 1.68% +0.10
SCHW Schwab (charles) Corp. Reduce -0.0% 5.80% +0.16
JEF Jefferies Financial Group Inc. Reduce -1.3% 1.74% +0.19
AAPL Apple Inc. Reduce -0.7% 1.04% +0.19

Portfolio Buys Q1 2024 → Q2 2024
JQUA JPMorgan US Quality Factor New 0.66% +0.66
DUHP Dimensional US High Profi Et Add +39.8% 0.99% +0.30
DFSV Dimensional US Small Cap Val New 0.27% +0.27
BN Brookfield Corp. Add +2.0% 9.35% +0.19
OKE Oneok Inc. Add +0.2% 4.97% +0.14
MPLX MPLX LP Add +1.1% 2.36% +0.10
NLY Annaly Capital Management Inc. Add +10.5% 1.12% +0.08
BEPC Brookfield Renewable Cor-A Add +1.0% 0.54% +0.08
NEE Nextera Energy Inc. Add +0.2% 0.46% +0.05
DFAS Dimensional US Small Cap ETF Add +17.8% 0.33% +0.04
DFUV Dimensional US Marketwide Va Add +54.9% 0.10% +0.03
AXP American Express Co. Add +2.6% 0.55% +0.03
DFUS Dimensional US Eq MKT ETF Add +25.4% 0.11% +0.03
KO The Coca-Cola Co. Add +0.0% 0.51% +0.02
JPM JPMorgan Chase & Co. Add +0.2% 1.19% +0.02
WMT Walmart Inc. Add +0.5% 0.17% +0.02
BNY Bank of New York Mellon Corp. Add +0.1% 0.42% +0.02
HON Honeywell International Inc. Add +0.4% 0.38% +0.02
PFE Pfizer Inc. Add +0.0% 1.11% +0.02
BXSL Blackstone Secured Lending F Add +2.3% 0.96% +0.01
OGN Organon & Co. Add +0.2% 0.09% +0.01
LMT Lockheed Martin Corp. Add +0.4% 0.24% +0.01
CVX Chevron Corp. Add +1.1% 0.73% +0.01
WM Waste Management Inc. Add +0.2% 0.59% +0.01
XYL Xylem Inc. Add +0.1% 0.11% +0.01
GM General Motors Co. Add +0.1% 0.18% +0.01
DUK Duke Energy Corp. Add +0.2% 0.13% +0.01
GD General Dynamics Corp. Add +0.4% 0.07% +0.00
XBGYX BlackRock Enh Intl DVD TR Add +1.9% 0.03% +0.00
XOM Exxon Mobil Corp. Add +0.1% 1.34% +0.00
DFAI Dimensional International Co. Add +1.1% 0.10% +0.00
AMP Ameriprise Financial Inc. Add +1.4% 0.14% −0.00
PFF iShares Preferred & Income S Add +0.1% 0.09% −0.00
AB Alliancebernstein Holding LP Add +0.8% 0.20% −0.00
MAR Marriott International Class A Add +0.5% 0.15% −0.00
PEP Pepsico Inc. Add +0.8% 0.18% −0.01
WPC WP Carey Inc. Add +0.4% 1.16% −0.01
IBM Intl Business Machines Corp. Add +0.2% 0.16% −0.01
MCD McDonald's Corp. Add +0.5% 0.20% −0.02
BIPC Brookfield Infrastructure-A Add +2.0% 0.82% −0.03
WY Weyerhaeuser Co. Add +0.1% 0.16% −0.04
BXMT Blackstone Mortgage Tru Class A Add +3.1% 0.44% −0.04
GE General Electric Add +0.0% 0.50% −0.05
MLM Martin Marietta Materials Add +0.1% 0.57% −0.07
USB US Bancorp Add +0.1% 0.70% −0.08
CVS CVS Health Corp. Add +0.6% 0.27% −0.09
BMY Bristol-Myers Squibb Co. Add +0.1% 0.43% −0.13
BAM Brookfield Asset Mgmt-A Add +0.4% 3.16% −0.28
MRK Merck & Co. Inc. Add +0.1% 5.16% −0.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2024 117$318.8MBN, JNJ, SCHW, MRK, OKE
Q1 2024 114$321.7MBN, JNJ, SCHW, MRK, OKE