Phraction Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Phraction Management LLC reported 60 stock positions worth $237.4 million. Its top holding was Microsoft (MSFT) at 8.9% of the portfolio, followed by Amazon.com (AMZN, 8.8%) and Thermo Fisher Scientific (TMO, 6.6%). Compared with Q4 2023, it opened 12 new positions, sold out of 1, added to 10 and reduced 25. The biggest buy was a new position in Dupont DE Nemours (DD) and the biggest sale Honeywell International (HON, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- COLCHESTER, CT
- CIK
- 0001907803
- Portfolio Value
- $237.4M (Q1 2024)
- SEC Filing
- 0001907803-24-000002 ↗ filed May 13, 2024
Holdings Value
Holdings 60 stocks · $237.4M
| MSFT Microsoft Corp. | 8.94% | 50,435 | $21.2M | Reduce -2.8% |
| AMZN Amazon.com Inc. | 8.76% | 115,307 | $20.8M | Reduce -2.4% |
| TMO Thermo Fisher Scientific Inc. | 6.62% | 27,033 | $15.7M | Reduce -1.6% |
| HON Honeywell International Inc. | 5.92% | 68,532 | $14.1M | Reduce -3.1% |
| ADI Analog Devices Inc. | 5.59% | 67,129 | $13.3M | Reduce -2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.51% | 31,121 | $13.1M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 4.37% | 68,685 | $10.4M | Reduce -3.6% |
| RTX RTX Corp. | 4.15% | 100,995 | $9.9M | Reduce -17.0% |
| SPGI S&P Global Inc. | 3.92% | 21,904 | $9.3M | Reduce -3.0% |
| BDX Becton Dickinson and Co. | 3.87% | 37,181 | $9.2M | Add +12.9% |
| DHR Danaher Corp. | 3.84% | 36,503 | $9.1M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 3.41% | 53,207 | $8.1M | Add +0.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 3.26% | 203,836 | $7.7M | Reduce -2.5% |
| PM Philip Morris International | 3.08% | 79,863 | $7.3M | Add +0.5% |
| V Visa Inc. Class A | 2.63% | 22,378 | $6.2M | Reduce -2.3% |
| TXN Texas Instruments Inc. | 2.58% | 35,181 | $6.1M | Reduce -5.7% |
| WMB Williams Cos Inc. | 2.57% | 156,518 | $6.1M | Add +4.9% |
| ICE Intercontinental Exchange Inc. | 2.53% | 43,673 | $6.0M | Reduce -2.5% |
| ADSK Autodesk Inc. | 2.04% | 18,587 | $4.8M | Reduce -2.2% |
| AMAT Applied Materials Inc. | 1.94% | 22,328 | $4.6M | Reduce -4.7% |
| LIN Linde PLC | 1.28% | 6,548 | $3.0M | Reduce -5.3% |
| DEO Diageo PLC-Sponsored ADR | 1.23% | 19,647 | $2.9M | Reduce -4.9% |
| TDY Teledyne Technologies Inc. | 1.13% | 6,226 | $2.7M | Reduce -0.9% |
| PHYS Sprott Physical Gold Trust | 1.04% | 142,373 | $2.5M | No change |
| DD Dupont DE Nemours Inc. | 0.83% | 25,816 | $2.0M | New |
| UNP Union Pacific Corp. | 0.76% | 7,347 | $1.8M | Reduce -1.5% |
| NOC Northrop Grumman Corp. | 0.55% | 2,752 | $1.3M | Add +87.1% |
| META Meta Platforms Inc. Class A | 0.53% | 2,605 | $1.3M | No change |
| LRCX Lam Research Corp. | 0.53% | 1,288 | $1.3M | Reduce -3.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.52% | 21,155 | $1.2M | Add +60.8% |
| MOAT Vaneck Morningstar Wide Moat | 0.39% | 10,345 | $930K | Add +1.2% |
| SPGP Invesco S&P 500 Garp ETF | 0.35% | 7,810 | $832K | Add +1.4% |
| ADBE Adobe Inc. | 0.34% | 1,616 | $815K | Reduce -20.4% |
| CP Canadian Pacific Kansas City | 0.33% | 8,790 | $775K | Reduce -0.5% |
| SYK Stryker Corp. | 0.32% | 2,113 | $756K | Reduce -11.0% |
| AVTR Avantor Inc. | 0.30% | 27,661 | $707K | Add +55.2% |
| GFL GFL Environmental Inc.-Sub VT | 0.29% | 19,870 | $686K | New |
| RSP Invesco S&P 500 Equal Weight | 0.28% | 3,943 | $668K | New |
| HD Home Depot Inc. | 0.26% | 1,619 | $621K | Add +0.1% |
| AAPL Apple Inc. | 0.26% | 3,599 | $617K | Reduce -9.8% |
| IHI iShares U.S. Medical Devices | 0.25% | 10,016 | $587K | No change |
| FMX Fomento Economico Mex-SP ADR | 0.22% | 3,934 | $512K | No change |
| VYMI Vanguard Int High DVD YLD Inc. | 0.19% | 6,705 | $461K | New |
| VIGI Vanguard Int Div App Indx FD | 0.19% | 5,615 | $458K | New |
| TECK Teck Resources Ltd.-CLS B | 0.19% | 9,700 | $444K | No change |
| SGHC Super Group SGHC Ltd. | 0.19% | 128,355 | $443K | No change |
| MKTW Marketwise Inc. | 0.18% | 250,000 | $433K | New |
| CVX Chevron Corp. | 0.18% | 2,650 | $418K | New |
| REGN Regeneron Pharmaceuticals | 0.15% | 367 | $353K | No change |
| GDX Vaneck Gold Miners ETF | 0.14% | 10,855 | $343K | No change |
| PDX PIMCO Dynamic Income Strat | 0.13% | 14,971 | $318K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.13% | 2,447 | $299K | No change |
| ASHR Xtrackers Harvest Csi 300 CH | 0.12% | 12,110 | $291K | No change |
| LNG Cheniere Energy Inc. | 0.12% | 1,800 | $290K | New |
| NVDA Nvidia Corp. | 0.12% | 313 | $283K | New |
| COP Conocophillips | 0.12% | 2,200 | $280K | New |
| FCLD Fidelity Cloud Computing ETF | 0.11% | 9,900 | $250K | No change |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.10% | 3,960 | $228K | New |
| TPL Texas Pacific Land Corp. | 0.10% | 390 | $226K | New |
| CEIN Camber Energy Inc. | 0.03% | 356,299 | $73K | No change |
Options reported separately and not counted above: ABR puts ($4.4M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $18.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 10,411 | $12.4M | Reduce -1.7% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 4,638 | $5.6M | Reduce -3.0% |
Total filed on the 13F, all lines: $255.5M.
Portfolio Sells Q4 2023 → Q1 2024
| HON Honeywell International Inc. | Reduce -3.1% | 5.92% | −0.86 |
| ADI Analog Devices Inc. | Reduce -2.8% | 5.59% | −0.68 |
| SPGI S&P Global Inc. | Reduce -3.0% | 3.92% | −0.63 |
| RTX RTX Corp. | Reduce -17.0% | 4.15% | −0.54 |
| TXN Texas Instruments Inc. | Reduce -5.7% | 2.58% | −0.33 |
| ADBE Adobe Inc. | Reduce -20.4% | 0.34% | −0.21 |
| GOOGL Alphabet Inc. Class A | Reduce -3.6% | 4.37% | −0.19 |
| HHH Howard Hughes Holdings Inc. | Sold out | 0.00% | −0.18 |
| TDY Teledyne Technologies Inc. | Reduce -0.9% | 1.13% | −0.16 |
| DEO Diageo PLC-Sponsored ADR | Reduce -4.9% | 1.23% | −0.15 |
| ICE Intercontinental Exchange Inc. | Reduce -2.5% | 2.53% | −0.10 |
| V Visa Inc. Class A | Reduce -2.3% | 2.63% | −0.10 |
| AAPL Apple Inc. | Reduce -9.8% | 0.26% | −0.09 |
| ADSK Autodesk Inc. | Reduce -2.2% | 2.04% | −0.08 |
| UNP Union Pacific Corp. | Reduce -1.5% | 0.76% | −0.08 |
| DHR Danaher Corp. | Reduce -1.3% | 3.84% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.6% | 6.62% | −0.05 |
| LIN Linde PLC | Reduce -5.3% | 1.28% | −0.02 |
| SYK Stryker Corp. | Reduce -11.0% | 0.32% | −0.01 |
| MSFT Microsoft Corp. | Reduce -2.8% | 8.94% | +0.01 |
| CP Canadian Pacific Kansas City | Reduce -0.5% | 0.33% | +0.01 |
| BAC Bank of America Corp. | Reduce -2.5% | 3.26% | +0.03 |
| LRCX Lam Research Corp. | Reduce -3.3% | 0.53% | +0.05 |
| AMAT Applied Materials Inc. | Reduce -4.7% | 1.94% | +0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.9% | 5.51% | +0.33 |
| AMZN Amazon.com Inc. | Reduce -2.4% | 8.76% | +0.54 |
Portfolio Buys Q4 2023 → Q1 2024
| DD Dupont DE Nemours Inc. | New | 0.83% | +0.83 |
| GFL GFL Environmental Inc.-Sub VT | New | 0.29% | +0.29 |
| RSP Invesco S&P 500 Equal Weight | New | 0.28% | +0.28 |
| NOC Northrop Grumman Corp. | Add +87.1% | 0.55% | +0.24 |
| BDX Becton Dickinson and Co. | Add +12.9% | 3.87% | +0.20 |
| VYMI Vanguard Int High DVD YLD Inc. | New | 0.19% | +0.19 |
| VIGI Vanguard Int Div App Indx FD | New | 0.19% | +0.19 |
| WMB Williams Cos Inc. | Add +4.9% | 2.57% | +0.19 |
| VEU Vanguard Ftse All-World Ex-U | Add +60.8% | 0.52% | +0.18 |
| MKTW Marketwise Inc. | New | 0.18% | +0.18 |
| CVX Chevron Corp. | New | 0.18% | +0.18 |
| LNG Cheniere Energy Inc. | New | 0.12% | +0.12 |
| NVDA Nvidia Corp. | New | 0.12% | +0.12 |
| COP Conocophillips | New | 0.12% | +0.12 |
| AVTR Avantor Inc. | Add +55.2% | 0.30% | +0.11 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.10% | +0.10 |
| TPL Texas Pacific Land Corp. | New | 0.10% | +0.10 |
| HD Home Depot Inc. | Add +0.1% | 0.26% | +0.01 |
| SPGP Invesco S&P 500 Garp ETF | Add +1.4% | 0.35% | +0.00 |
| MOAT Vaneck Morningstar Wide Moat | Add +1.2% | 0.39% | −0.01 |
| GOOG Alphabet Inc. Class C | Add +0.0% | 3.41% | −0.02 |
| PM Philip Morris International | Add +0.5% | 3.08% | −0.34 |
Notes & Other Activity Q4 2023 → Q1 2024
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -1.7% | 10,411 | $12.4M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -3.0% | 4,638 | $5.6M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $390.5M | AMZN, GOOGL, ASML, MSFT, ADI |
| Q1 2026 | 61 | $362.5M | AMZN, GOOGL, ADI, MSFT, ASML |
| Q4 2025 | 64 | $352.9M | AMZN, MSFT, GOOGL, ADI, GOOG |
| Q3 2025 | 64 | $327.5M | MSFT, AMZN, GOOGL, ADI, TMO |
| Q2 2025 | 71 | $294.7M | MSFT, AMZN, ADI, GOOGL, HON |
| Q1 2025 | 72 | $279.1M | AMZN, MSFT, TMO, HON, ADI |
| Q4 2024 | 69 | $266.0M | AMZN, MSFT, HON, TMO, ADI |
| Q3 2024 | 67 | $262.6M | MSFT, AMZN, TMO, ADI, BRK.B |
| Q2 2024 | 64 | $249.9M | MSFT, AMZN, ADI, TMO, HON |
| Q1 2024 | 60 | $237.4M | MSFT, AMZN, TMO, HON, ADI |