Portfolio Expansion
Secure Asset Management Expands Holdings Across McKesson and Global ETFs
Anonymous
Key Points
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Insider activity at McKesson: CAO Napoleon B. Rutledge, Jr sold 133 McKesson shares on June 5 at an average price of $764, and Director Bradley E. Lerman sold 301 shares on August 10 at about $892.33, with overall insider dispositions totaling roughly 22,289 shares valued at around $17.4 million (per the SEC filings and related coverage).
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McKesson remains predominantly held by institutional investors, who own about 85.07% of the company’s stock as reported in the same filing period.
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Putnam Focused Large Cap Value ETF (PVAL) rose to 124,588 shares after Secure Asset Management added 104,635 in the second quarter, making PVAL about 0.9% of Secure’s portfolio and ranking as the fund’s 28th-largest holding with an approximate value of $6.35 million.
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Vanguard FTSE All-World ex-US ETF (VEU): Secure purchased 50,093 shares for roughly $4.195 million, adding to a position that reflects its global equity tilt; VEU tracks the FTSE All-World ex-US Index and comprises about 2,200 stocks across 46 countries.
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Cboe Global Markets (CBOE): Secure added 3,914 shares for about $950,000, with institutional ownership in CBOE reported at 81.73% in the covered period.
Secure Asset Management LLC went on a buying spree in the second quarter, dramatically expanding stakes across major U.S. stocks and diversified ETFs. The firm nearly quintupled its McKesson holding to 2,123 shares worth $1.6 million, while increasing its Putnam Focused Large Cap Value ETF position by over 500% to 124,588 shares valued at $6.35 million, according to TickerReport.
Beyond these core positions, Secure Asset Management invested roughly $4.2 million in Vanguard's all-world ex-US ETF, added nearly $1 million to a new Cboe Global Markets stake, and purchased $978,000 worth of the Invesco Dorsey Wright Basic Materials Momentum ETF. The moves signal a deliberate strategy to balance large-cap U.S. exposure with global diversification, TickerReport reported.
McKesson Position Grows 485% as Insiders Sell
Secure Asset Management's McKesson stake jumped from just 438 shares to 2,123 shares in Q2, a massive 485% increase. The expansion came even as McKesson insiders trimmed holdings — Chief Administrative Officer Napoleon B. Rutledge, Jr. sold 133 shares on June 5 at $764 per share, while Director Bradley E. Lerman unloaded 301 shares on August 10 at roughly $892.33 each, according to SEC filings.
Overall insider sales totaled approximately 22,289 McKesson shares worth around $17.4 million during the period. Despite this insider selling, institutional investors control about 85% of McKesson's stock, providing a stable ownership base as Secure Asset Management built its position, SEC filings show.
Putnam Value ETF Becomes 28th-Largest Holding
Secure Asset Management's Putnam Focused Large Cap Value ETF stake soared by roughly 524% during Q2, from about 19,953 shares to 124,588 shares. This aggressive buying added about 104,635 shares worth $6.35 million to the fund's portfolio. The position now ranks as Secure's 28th-largest holding, comprising approximately 0.9% of its total assets, according to TickerReport.
PVAL gives Secure exposure to large-cap U.S. stocks trading at discounts to growth peers. The ETF focuses on undervalued companies, making it an ideal complement to Secure's broader equity mix during a period when growth valuations faced pressure.
Global Diversification Through Vanguard and Cboe Expansion
Secure Asset Management invested roughly $4.2 million in the Vanguard FTSE All-World ex-US ETF (VEU), purchasing 50,093 shares to gain exposure beyond U.S. borders. VEU tracks approximately 2,200 stocks across 46 countries, giving Secure immediate diversification across developed and emerging markets, TickerReport reported.
The fund also launched a new position in Cboe Global Markets, spending about $950,000 for 3,914 shares. Cboe operates major U.S. options and derivatives exchanges, giving Secure a stake in financial infrastructure. Institutional investors own roughly 82% of Cboe, indicating strong backing from large asset managers, per SEC filings.
Additionally, Secure purchased 7,773 shares of the Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) for approximately $978,000, adding exposure to commodities-sensitive companies that use momentum-based selection, TickerReport noted.
Broad Portfolio Strategy Favors Diversified ETF Exposure
Secure Asset Management's Q2 activity reveals a preference for ETF holdings alongside selective large-cap stock picks. The fund increased holdings across multiple broad-market and specialized ETFs including Fidelity's NASDAQ Composite Index ETF ($3.82 million position) and the iShares Russell 1000 Growth ETF, TickerReport reported.
This diversified approach allows Secure to manage risk while maintaining growth exposure. By combining value-focused ETFs like PVAL with global equity funds and sector-specific momentum plays, the fund balances conservative valuations against growth opportunities and geographic diversification across different market conditions.
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