Petersen Hastings' Portfolio Moves
Petersen Hastings Expands Portfolio with Major Investments in VOO, VEA, DFSU, and ExxonMobil
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Petersen Hastings Wealth Advisors added to multiple holdings in its latest SEC disclosures, including a new position in the Vanguard FTSE Developed Markets ETF (VEA) worth about $491,000 and a large new stake in the Vanguard S&P 500 ETF (VOO) worth roughly $72.1 million. The firm also bought Dimensional US Sustainability Core 1 ETF (DFSU), investing about $2.16 million, while VOO is noted as the firm’s fifth-largest holding and DFSU as a small allocation within its portfolio. For ExxonMobil (XOM), Petersen Hastings acquired a new stake of 4,527 shares valued at approximately $545,000, as other institutional investors also adjusted their positions. Coverage of ExxonMobil points to rising tensions linked to the Iran conflict as a potential catalyst for tightening oil markets and supporting upstream earnings and cash flow. For context on VOO, reports highlight the ETF’s milestone as the first in history to surpass $1 trillion in assets, reflecting strong passive S&P 500 demand.
Key Points
1
VOO was described as an ultra-low-cost vehicle—its 0.03% fee was highlighted alongside the report that it became the first ETF to surpass $1 trillion in assets, reinforcing “its status as the go-to passive S&P 500 fund.”
2
Petersen Hastings’ DFSU position is characterized as a small but measurable stake: DFSU accounts for about 0.2% of the firm’s portfolio and is listed as its 23rd biggest holding; the firm also reported owning 0.11% of the ETF.
3
On ExxonMobil, the article also noted an insider sale: VP Darrin L. Talley sold 1,080 shares on March 16 at an average price of $155.50 (total $167,940), reducing his ownership by 5.93% to 17,124 shares; corporate insiders were said to own 0.03% of the company’s stock.
4
The ExxonMobil coverage added broader positioning context beyond Petersen Hastings’ buy, stating institutional investors own 61.80% of XOM and citing other changes such as Parallel Advisors LLC increasing its position by 10.2% (to 77,456 shares) and Randolph Co Inc increasing by 21.0% (to 271,480 shares).
5
For VEA, the article included trading/valuation context not in the summary: it opened at $71.84, has a market cap cited at $230.41 billion, a price-to-earnings ratio of 16.34, and a beta of 0.83; it also listed a 52-week range of $54.63 to $72.32.
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