Evercore Portfolio Shifts.
Evercore Wealth Management Significantly Boosts Vanguard Europe ETF Stake While Rebalancing Portfolio.
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Key Points
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Vanguard FTSE Europe ETF (VGK) opened at $88.84, with a 12-month high of $90.75, a 12-month low of $74.79, a market cap around $30.1 billion, a P/E of 16.04 and a beta of 0.84, providing broader context on the fund's recent trading backdrop as Evercore enlarged its stake.
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Viking Holdings Ltd. (VIK) remains a meaningful but not top tier holding, with Evercore's position accounting for roughly 1.9% of its portfolio and placing it as the 19th largest stake in the fund's holdings.
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SharkNinja, Inc. (SN) is Evercore’s 29th largest holding at about 1.1% of the portfolio, with a position worth roughly $71.0 million, highlighting its role as a smaller but meaningful exposure.
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The TJX Companies (TJX) position shows outsized institutional ownership, with 91.09% of the stock held by institutions, a factor that can inform the stock’s liquidity and governance dynamics as Evercore trimmed its stake.
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McDonald’s Corporation (MCD) coverage notes from external analysts, including UBS maintaining a Buy rating and lowering the price target from $365 to $340, suggesting a potential 25.6% upside from the reference price despite near-term headwinds.
Evercore Wealth Management LLC made a bold bet on European stocks in the first quarter, boosting its Vanguard FTSE Europe ETF (VGK) stake by 87.5% to 135,194 shares worth about $11.1 million, according to Watchlist News. The move stands out as one of the firm's biggest percentage increases in a single holding this quarter.
The firm also made notable moves across several other major positions — adding to some stocks and trimming others — as part of what looks like a broad portfolio rebalancing effort, Ticker Report noted.
Evercore's Big Europe Bet Explained by the Numbers
VGK opened recently at $88.84. Its 12-month high is $90.75 and its low is $74.79. The ETF carries a market cap of around $30.1 billion, a P/E ratio of 16.04, and a beta of 0.84. A beta below 1 means the fund tends to move less than the broader market — a sign of relative stability.
Evercore nearly doubled its VGK position at a time when European equities have been trading near multi-year highs. The 87.5% increase suggests a deliberate tilt toward international diversification, according to Ticker Report.
Viking and SharkNinja Positions Grow Meaningfully
Evercore also added to its stake in Viking Holdings Ltd. (VIK), buying 14,465 more shares to bring its total to 1,672,216 shares, per Watchlist News. That position is now worth roughly $122.9 million — about 1.9% of the firm's overall portfolio — making it the 19th largest holding.
SharkNinja (SN) saw a 24.7% boost, with Evercore now holding 670,411 shares valued at about $71.0 million. That makes SN the firm's 29th largest position, at roughly 1.1% of its portfolio. Both moves suggest Evercore still sees room to run in consumer-facing companies.
Evercore Cuts TJX and McDonald's as It Rebalances
Not all moves were additions. Evercore trimmed its stake in The TJX Companies (TJX) by 11.2%, bringing its holding to 271,930 shares worth about $43.4 million. TJX has unusually high institutional ownership — 91.09% of shares are held by institutions. That level of concentration can affect how the stock trades day to day.
McDonald's (MCD) also saw a cut. Evercore sold down 8.5% of its position, leaving it with 34,791 shares worth roughly $10.8 million. UBS still rates MCD a Buy, though it recently lowered its price target from $365 to $340 — still implying a potential 25.6% upside from recent levels despite near-term headwinds.
What the 13F Filing Tells Us About Evercore's Strategy
These moves come from Evercore's most recent 13F filing, a quarterly report that large investment managers must file with the SEC. It shows what a firm owns — but not why it bought or sold. Still, the pattern here is clear: Evercore is leaning more into international ETFs and consumer brands while pulling back from retail and fast food.
The VGK stake increase is the headline move. A near-doubling of exposure to a broad European fund, combined with growth in Viking and SharkNinja, points to a firm seeking both geographic spread and growth-oriented names heading into mid-2025, according to Watchlist News.
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