Karpas Strategies, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 6, 2024), Karpas Strategies, LLC reported 114 stock positions worth $321.7 million. Its top holding was Brookfield (BN) at 9.2% of the portfolio, followed by Johnson & Johnson (JNJ, 6.4%) and Schwab (charles) (SCHW, 5.6%). Compared with Q4 2023, it sold out of 3, added to 46 and reduced 32. The biggest buy was Merck (MRK, shares −0%) and the biggest sale Brookfield (BN, shares −5%).

Most Recent 13F
Q2 2024
Location
LITCHFIELD, CT
CIK
0001127544
Portfolio Value
$321.7M (Q1 2024)
SEC Filing
0001127544-24-000004 ↗ filed May 6, 2024

Holdings Value

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

Holdings 114 stocks · $321.7M
BN Brookfield Corp. 9.16% 703,699 $29.5M Reduce -5.4%
JNJ Johnson & Johnson 6.44% 130,949 $20.7M Reduce -2.3%
SCHW Schwab (charles) Corp. 5.65% 251,102 $18.2M Add +0.4%
MRK Merck & Co. Inc. 5.45% 132,938 $17.5M Add +0.0%
OKE Oneok Inc. 4.83% 193,856 $15.5M Add +0.5%
BAM Brookfield Asset Mgmt-A 3.44% 263,513 $11.1M Add +0.7%
BRK.B Berkshire Hathaway Inc. Class B 3.29% 25,141 $10.6M Reduce -0.3%
BIP Brookfield Infrastructure Pa 2.89% 297,833 $9.3M No change
TXN Texas Instruments Inc. 2.58% 47,666 $8.3M Reduce -0.1%
CMPR Cimpress PLC 2.27% 82,371 $7.3M Reduce -0.0%
MPLX MPLX LP 2.26% 174,575 $7.3M Add +1.7%
FISV Fiserv Inc. 2.25% 45,275 $7.2M Reduce -0.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.92% 50,512 $6.2M Reduce -0.1%
LBTYK Liberty Global Ltd. Class C 1.87% 340,805 $6.0M Add +19.1%
MSFT Microsoft Corp. 1.83% 13,980 $5.9M Reduce -13.4%
ESGR Enstar Group Ltd. 1.74% 17,983 $5.6M No change
CMCSA Comcast Corp. Class A 1.62% 120,030 $5.2M Add +0.3%
BEP Brookfield Renewable Partner 1.58% 219,060 $5.1M No change
JEF Jefferies Financial Group Inc. 1.55% 113,297 $5.0M Reduce -0.4%
BRK.A Berkshire Hathaway Inc. Class A 1.38% 7 $4.4M No change
XOM Exxon Mobil Corp. 1.34% 37,173 $4.3M Reduce -0.2%
WFC Wells Fargo & Co. 1.20% 66,470 $3.9M Add +0.4%
WPC WP Carey Inc. 1.18% 67,024 $3.8M Add +0.5%
JPM JPMorgan Chase & Co. 1.16% 18,669 $3.7M Add +0.2%
PFE Pfizer Inc. 1.10% 126,999 $3.5M Reduce -8.4%
C Citigroup Inc. 1.08% 54,736 $3.5M Add +0.2%
CB Chubb Ltd. 1.05% 13,015 $3.4M Reduce -0.3%
NLY Annaly Capital Management Inc. 1.04% 170,236 $3.4M Reduce -7.2%
BXSL Blackstone Secured Lending F 0.94% 97,446 $3.0M Reduce -10.6%
COP Conocophillips 0.94% 23,680 $3.0M No change
APO Apollo Global Management Inc. 0.87% 25,000 $2.8M No change
BIPC Brookfield Infrastructure-A 0.85% 75,972 $2.7M Add +0.8%
AAPL Apple Inc. 0.84% 15,787 $2.7M Add +0.2%
ENB Enbridge Inc. 0.82% 73,270 $2.7M No change
RYN Rayonier Inc. 0.81% 78,677 $2.6M Add +0.3%
USB US Bancorp 0.78% 55,937 $2.5M Add +0.1%
HHH Howard Hughes Holdings Inc. 0.73% 32,220 $2.3M Add +60.3%
CVX Chevron Corp. 0.72% 14,729 $2.3M Add +0.3%
DUHP Dimensional US High Profi Et 0.69% 70,380 $2.2M Add +37.2%
KMI Kinder Morgan Inc. 0.68% 118,929 $2.2M Reduce -0.6%
LUMN Lumen Technologies Inc. 0.67% 1,372,247 $2.1M Reduce -0.0%
MLM Martin Marietta Materials 0.64% 3,366 $2.1M Add +0.1%
WM Waste Management Inc. 0.58% 8,784 $1.9M Add +0.2%
BMY Bristol-Myers Squibb Co. 0.56% 33,242 $1.8M Add +0.1%
GE General Electric 0.54% 9,987 $1.8M Add +0.0%
AXP American Express Co. 0.52% 7,409 $1.7M Add +0.1%
DE Deere & Co. 0.51% 3,969 $1.6M Add +0.1%
BXMT Blackstone Mortgage Tru Class A 0.49% 78,857 $1.6M Reduce -18.3%
KO The Coca-Cola Co. 0.49% 25,648 $1.6M No change
BEPC Brookfield Renewable Cor-A 0.46% 59,850 $1.5M Add +1.5%
PSX Phillips 66 0.45% 8,903 $1.5M No change
NEE Nextera Energy Inc. 0.41% 20,597 $1.3M Add +0.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.40% 22,248 $1.3M Reduce -4.2%
ABT Abbott Laboratories 0.38% 10,784 $1.2M No change
WTM White Mountains Insurance GP 0.37% 659 $1.2M No change
CVS CVS Health Corp. 0.36% 14,631 $1.2M Add +0.4%
HON Honeywell International Inc. 0.36% 5,625 $1.2M Add +0.4%
EGP Eastgroup Properties Inc. 0.35% 6,350 $1.1M No change
ABBV Abbvie Inc. 0.35% 6,144 $1.1M No change
CME Cme Group Inc. 0.33% 5,000 $1.1M No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.33% 27,200 $1.1M No change
PG The Procter & Gamble Co. 0.32% 6,391 $1.0M Reduce -1.2%
MKL Markel Group Inc. 0.31% 658 $1.0M Reduce -5.7%
DFAS Dimensional US Small Cap ETF 0.29% 15,030 $937K Add +21.3%
T AT&T Inc. 0.27% 50,213 $884K Reduce -1.1%
LMT Lockheed Martin Corp. 0.23% 1,646 $749K Add +0.2%
NVDA Nvidia Corp. 0.22% 785 $709K Reduce -10.3%
MCD McDonald's Corp. 0.22% 2,506 $707K Add +0.5%
CSW CSW Industrials Inc. 0.22% 3,000 $704K No change
ZBH Zimmer Biomet Holdings Inc. 0.20% 4,960 $655K No change
TRV The Travelers Cos Inc. 0.20% 2,840 $654K No change
AB Alliancebernstein Holding LP 0.20% 18,517 $643K Add +2.3%
WY Weyerhaeuser Co. 0.20% 17,772 $638K Add +0.2%
PEP Pepsico Inc. 0.19% 3,413 $597K Add +0.4%
SHEL Shell PLC-ADR 0.18% 8,852 $593K No change
WH Wyndham Hotels & Resorts Inc. 0.18% 7,454 $572K Reduce -8.9%
GM General Motors Co. 0.17% 12,220 $554K Add +0.2%
BP BP PLC-Spons ADR 0.17% 14,584 $550K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 2,874 $549K Add +0.1%
HIG Hartford Insurance Group Inc. 0.16% 5,000 $515K No change
ACN Accenture PLC Class A 0.16% 1,457 $505K No change
LBRDK Liberty Broadband-C 0.15% 8,699 $498K Reduce -1.6%
MAR Marriott International Class A 0.15% 1,956 $494K Add +0.2%
WMT Walmart Inc. 0.15% 8,124 $489K Add +0.3%
AMZN Amazon.com Inc. 0.15% 2,675 $483K Add +3.1%
AMP Ameriprise Financial Inc. 0.14% 1,060 $465K No change
NWLI National Western Life Grou-A 0.14% 927 $456K No change
LLY Eli Lilly & Co. 0.14% 577 $448K No change
H Hyatt Hotels Corp. Class A 0.13% 2,633 $420K Add +0.1%
DUK Duke Energy Corp. 0.12% 4,152 $401K Add +0.3%
MDLZ Mondelez International Inc. Class A 0.11% 5,083 $356K Reduce -2.4%
TNL Travel + Leisure Co. 0.11% 7,219 $353K Reduce -8.8%
DVN Devon Energy Corp. 0.11% 7,018 $352K No change
LSXMK Liberty Media Corp.-Liber-New 0.11% 11,751 $349K Reduce -30.0%
GOOGL Alphabet Inc. Class A 0.11% 2,280 $344K No change
XYL Xylem Inc. 0.10% 2,606 $337K Add +0.1%
SU Suncor Energy Inc. 0.10% 9,000 $332K No change
LBTYA Liberty Global Ltd. Class A 0.10% 19,369 $328K No change
DFAI Dimensional International Co. 0.10% 10,142 $306K Add +0.1%
GEHC GE Healthcare Technology 0.09% 3,324 $302K No change
MFC Manulife Financial Corp. 0.09% 12,000 $300K No change
JOE The St Joe Co. 0.09% 4,950 $287K No change
DFUS Dimensional US Eq MKT ETF 0.09% 4,941 $282K Add +15.0%
VTS Vitesse Energy Inc. 0.09% 11,678 $277K Reduce -1.2%
PFF iShares Preferred & Income S 0.09% 8,594 $277K Add +0.1%
CAH Cardinal Health Inc. 0.09% 2,453 $274K No change
OGN Organon & Co. 0.08% 14,382 $270K Reduce -0.8%
TD Toronto-Dominion Bank 0.07% 3,770 $228K No change
DFUV Dimensional US Marketwide Va 0.07% 5,375 $220K No change
GD General Dynamics Corp. 0.07% 777 $219K Reduce -4.1%
FWONK Liberty Media Corp. Class C 0.06% 3,172 $208K Reduce -3.3%
UDR Udr Inc. 0.06% 5,356 $200K No change
LILAK Liberty Latin Americ Class C 0.06% 26,826 $188K Reduce -0.5%
XBGYX BlackRock Enh Intl DVD TR 0.03% 15,358 $85K Add +1.9%

Portfolio Sells Q4 2023 → Q1 2024
BN Brookfield Corp. Reduce -5.4% 9.16% −0.71
JNJ Johnson & Johnson Reduce -2.3% 6.44% −0.51
PFE Pfizer Inc. Reduce -8.4% 1.10% −0.22
BXMT Blackstone Mortgage Tru Class A Reduce -18.3% 0.49% −0.19
MSFT Microsoft Corp. Reduce -13.4% 1.83% −0.18
LUMN Lumen Technologies Inc. Reduce -0.0% 0.67% −0.17
NLY Annaly Capital Management Inc. Reduce -7.2% 1.04% −0.13
TXN Texas Instruments Inc. Reduce -0.1% 2.58% −0.11
FLG New York Community Bancorp Sold out 0.00% −0.11
NWSA News Corp. Class A Sold out 0.00% −0.09
LBRDK Liberty Broadband-C Reduce -1.6% 0.15% −0.08
LSXMA Liberty Media Corp. Class A New Sold out 0.00% −0.07
BXSL Blackstone Secured Lending F Reduce -10.6% 0.94% −0.05
LSXMK Liberty Media Corp.-Liber-New Reduce -30.0% 0.11% −0.05
WH Wyndham Hotels & Resorts Inc. Reduce -8.9% 0.18% −0.04
KMI Kinder Morgan Inc. Reduce -0.6% 0.68% −0.02
MKL Markel Group Inc. Reduce -5.7% 0.31% −0.02
MDLZ Mondelez International Inc. Class A Reduce -2.4% 0.11% −0.01
LILAK Liberty Latin Americ Class C Reduce -0.5% 0.06% −0.01
T AT&T Inc. Reduce -1.1% 0.27% −0.01
FWONK Liberty Media Corp. Class C Reduce -3.3% 0.06% −0.00
GD General Dynamics Corp. Reduce -4.1% 0.07% −0.00
BNY Bank of New York Mellon Corp. Reduce -4.2% 0.40% −0.00
VTS Vitesse Energy Inc. Reduce -1.2% 0.09% +0.00
TNL Travel + Leisure Co. Reduce -8.8% 0.11% +0.01
PG The Procter & Gamble Co. Reduce -1.2% 0.32% +0.01
OGN Organon & Co. Reduce -0.8% 0.08% +0.01
JEF Jefferies Financial Group Inc. Reduce -0.4% 1.55% +0.03
CB Chubb Ltd. Reduce -0.3% 1.05% +0.07
NVDA Nvidia Corp. Reduce -10.3% 0.22% +0.08
CMPR Cimpress PLC Reduce -0.0% 2.27% +0.09
XOM Exxon Mobil Corp. Reduce -0.2% 1.34% +0.11
FISV Fiserv Inc. Reduce -0.0% 2.25% +0.26
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.3% 3.29% +0.31
DIS The Walt Disney Co. Reduce -0.1% 1.92% +0.41

Portfolio Buys Q4 2023 → Q1 2024
MRK Merck & Co. Inc. Add +0.0% 5.45% +0.66
OKE Oneok Inc. Add +0.5% 4.83% +0.35
DUHP Dimensional US High Profi Et Add +37.2% 0.69% +0.21
MPLX MPLX LP Add +1.7% 2.26% +0.17
HHH Howard Hughes Holdings Inc. Add +60.3% 0.73% +0.16
C Citigroup Inc. Add +0.2% 1.08% +0.15
GE General Electric Add +0.0% 0.54% +0.12
WFC Wells Fargo & Co. Add +0.4% 1.20% +0.12
JPM JPMorgan Chase & Co. Add +0.2% 1.16% +0.11
LBTYK Liberty Global Ltd. Class C Add +19.1% 1.87% +0.11
MLM Martin Marietta Materials Add +0.1% 0.64% +0.09
AXP American Express Co. Add +0.1% 0.52% +0.07
WM Waste Management Inc. Add +0.2% 0.58% +0.06
DFAS Dimensional US Small Cap ETF Add +21.3% 0.29% +0.05
GM General Motors Co. Add +0.2% 0.17% +0.03
AMZN Amazon.com Inc. Add +3.1% 0.15% +0.02
H Hyatt Hotels Corp. Class A Add +0.1% 0.13% +0.02
IBM Intl Business Machines Corp. Add +0.1% 0.17% +0.02
AB Alliancebernstein Holding LP Add +2.3% 0.20% +0.01
DFUS Dimensional US Eq MKT ETF Add +15.0% 0.09% +0.01
WMT Walmart Inc. Add +0.3% 0.15% +0.01
MAR Marriott International Class A Add +0.2% 0.15% +0.01
XYL Xylem Inc. Add +0.1% 0.10% +0.01
XBGYX BlackRock Enh Intl DVD TR Add +1.9% 0.03% +0.00
DFAI Dimensional International Co. Add +0.1% 0.10% −0.00
CVX Chevron Corp. Add +0.3% 0.72% −0.00
PFF iShares Preferred & Income S Add +0.1% 0.09% −0.00
BMY Bristol-Myers Squibb Co. Add +0.1% 0.56% −0.00
NEE Nextera Energy Inc. Add +0.3% 0.41% −0.00
PEP Pepsico Inc. Add +0.4% 0.19% −0.01
WY Weyerhaeuser Co. Add +0.2% 0.20% −0.01
DUK Duke Energy Corp. Add +0.3% 0.12% −0.01
LMT Lockheed Martin Corp. Add +0.2% 0.23% −0.01
DE Deere & Co. Add +0.1% 0.51% −0.02
CVS CVS Health Corp. Add +0.4% 0.36% −0.02
USB US Bancorp Add +0.1% 0.78% −0.02
MCD McDonald's Corp. Add +0.5% 0.22% −0.02
BIPC Brookfield Infrastructure-A Add +0.8% 0.85% −0.03
HON Honeywell International Inc. Add +0.4% 0.36% −0.03
BAM Brookfield Asset Mgmt-A Add +0.7% 3.44% −0.03
SCHW Schwab (charles) Corp. Add +0.4% 5.65% −0.04
RYN Rayonier Inc. Add +0.3% 0.81% −0.05
BEPC Brookfield Renewable Cor-A Add +1.5% 0.46% −0.10
CMCSA Comcast Corp. Class A Add +0.3% 1.62% −0.12
AAPL Apple Inc. Add +0.2% 0.84% −0.16
WPC WP Carey Inc. Add +0.5% 1.18% −0.25

All Filings

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