Microsoft
Rockefeller Capital Management’s top holding is Microsoft. The company is recognized as a tech giant in the software market. Rockefeller Capital Management has been investing in Bill Gates' company for the past two years. In the second quarter of 2020, its Microsoft holdings increased by 25%. Since the beginning of 2019, the shares of the tech behemoth have soared by 111.5%. Since January 1 this year, they have advanced by 36%. Following a slump driven by the coronavirus pandemic, Microsoft shares have rebounded quickly and are now trading 13.8% above its February highs. According to analysts at Wells Fargo, the company's shares will be worth $2.2 trillion in two years. In the second quarter of 2020, the Microsoft shares held by Rockefeller Capital Management surged by $222.68 million.
Apple
The Rockefeller Capital Management investment portfolio is also dominated by the shares of another tech giant, Apple. It accounts for 5% of the portfolio's total value. Since the beginning of 2019, the shares of the iPhone maker have skyrocketed by 196%. This year, they spiked by 59%. Nowadays, Apple's capitalization exceeds $2.03 trillion. In the second quarter of 2020, the price of the company’s shares increased by $158.8 million to $475.8 million. From July 1 to October 21 this year, Apple shares grew by 28%. Meanwhile, Rockefeller Capital Management’s holdings of Apple advanced by $133.9 million.
Amazon
The third-largest holding in the Rockefeller Capital Management portfolio is Jeff Bezos’ Amazon. Experts consider the investments of the Rockefeller clan into the e-commerce company to be a wise decision. Rockefeller Capital Management started buying Amazon shares two years ago. Today, the investment firm holds some 130.75 thousand shares of the electronics manufacturer. Amazon shares soared by $119.41 million to $360.72 million in the second quarter of 2020. This year, they have spiked by 41.5%. In fact, the upward trend continues. From July 1 to October 21 of 2020, Amazon shares gained 15.5%. At the same time, the company's assets held by Rockefeller Capital Management advanced by $55.7 million.
Verizon Communications
Rockefeller Capital Management’s holdings of Verizon, the largest wireless service provider in the United States, are estimated at $4.26 million. In the second quarter of 2020, the value of the company’s shares decreased by $4 million to $234.77 million. It happened due to the fact that the Verizon management sold around 186,000 of the company’s shares. From the beginning of July to October 21 this year, the shares of the telecommunications giant grew by 2.9%. As a result, the value of Verizon shares held by Rockefeller Capital Management increased by $6.9 million.
The fifth-largest holding in the Rockefeller Capital Management portfolio is Facebook. In the second quarter of 2020, the investment firm sharply reduced its stake in the popular social network and sold more than 548,000 shares. By the end of June this year, its portfolio value, including about 1.02 million of Facebook shares, amounted to $231.26 million. In the second quarter of 2020, the shares of Mark Zuckerberg's company sank by $30 million. From the beginning of July to October 21, 2020, Facebook shares surged by 22.8%. As of today, the value of Facebook stock in the Rockefeller Capital Management investment portfolio has soared by $52.6 million.
Progressive Corp.
Another largest holding of Rockefeller Capital Management is Progressive Corp. This insurance company has been on the market for over half a century. The investment portfolio of the Rockefeller family contains more than 2.5 million securities of Progressive Corp. In the second quarter of 2020, the value of the insurer’s shares held by Rockefeller Capital Management increased by $24.26 million to $201.9 million. The reason for that was an 8.5% rise in the price of the company’s shares. In fact, the upward move in the price goes on. From July 1 to October 21 this year, the shares of the insurance company gained 16.8%. As a result, the holdings owned by the Rockefellers increased by $34 million.
SPDR S&P 500 ETF Trust (SPY)
The seventh line on the list of the top stocks held by the Rockefeller family is occupied by the SPDR S&P 500 ETF Trust (SPY). The exchange-traded fund includes the S&P 500 shares, the largest stock market index. According to experts, a purchase of 1 share of this fund is equivalent to a purchase of all shares contained in the S&P 500 index. SPY’s top ten holdings include Microsoft, Apple, Amazon, Facebook, Alphabet, Johnson & Johnson, Berkshire Hathaway, Visa, and JPMorgan Chase. Rockefeller Capital Management holds some 590,230 of SPY shares worth $182 million. In the second quarter of 2020, the fund's assets surged by $30.45 million thanks to a 19.6% increase in the price and the new addition of SPY shares to the Rockefeller Capital Management investment portfolio. In October, SPY shares gained $20.29 million amid a rise in the quotes by 11%.
Google (Alphabet, Class C)
The eighth place in the investment portfolio of Rockefeller Capital Management is taken by shares of the Internet giant Google. The Rockefeller family holds class-C shares of its parent company, Alphabet. Rockefeller Capital Management currently holds over 118.6 thousand shares of the tech giant. By the end of June 2020, the total value of these class-C shares amounted to $167.66 million. In the second quarter of 2020, Google shares grew by $20.02 million. In fact, the rally has not ended yet. From July to October 21 this year, the asset increased by $21.3 million.
Visa
The ninth-largest holding of the Rockefellers is Visa. The family owns around 848.77 thousand Visa shares. Some 64.8 thousand were purchased in the second quarter of this year. By the end of June, the total value of Visa shares amounted to $163.96 million. In the second quarter of 2020, they jumped by $37.65 million. By the end of October, the Visa holdings owned by Rockefeller Capital Management increased by $4.5 million.
Willis Towers Watson
Willis Towers Watson closes the list of the top ten stocks owned by the Rockefeller family. It is the oldest international advisory and brokerage company. Willis Towers Watson has been in the market for almost 200 years. The company is involved in the development of effective business solutions. Rockefeller Capital Management holds around 782.8 thousand shares of the advisory firm. Some 35.9 thousand shares were purchased in the second quarter of this year. By the end of June 2020, the value of Willis Towers Watson shares reached $154.2 million. In the second quarter of this year, their price rose by $27.3 million. From July to October 21, Willis Towers Watson shares in the Rockefeller Capital Management portfolio spiked by 6.3% to $9.7 million.
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