07 Trade & Services Boosts LUMIRADX, Adds Vanguard & iShares ETFs

Ticker: CVS · Form: 13F-HR · Filed: 2024-02-09T00:00:00.000Z

Sentiment: mixed

Topics: institutional-holdings, portfolio-update, etf-investment, new-positions

Related Tickers: CVS, LMRX, Vanguard, iShares, SPY

TL;DR

**07 Trade & Services just made a huge bet on LUMIRADX LTD, buying over 5.3 million shares!**

AI Summary

CVS Health Corp's 13F-HR filing for the period ending December 31, 2023, reveals that 07 Trade & Services, an investment manager, significantly increased its holdings in LUMIRADX LTD, now owning 5,352,106 shares. This filing also shows new positions in Vanguard Whitehall Fds (252,032 shares) and iShares Core High Dividend ETF (273,110 shares). This matters to investors because it indicates a notable institutional bet on LUMIRADX LTD and a strategic move into dividend-focused ETFs, potentially signaling confidence in these assets or a shift in investment strategy by 07 Trade & Services.

Why It Matters

This filing provides transparency into the investment decisions of 07 Trade & Services, offering insights into which stocks and ETFs they are buying or selling, which can influence other investors' perceptions and actions.

Risk Assessment

Risk Level: medium — The significant concentration in LUMIRADX LTD by 07 Trade & Services introduces a medium risk due to the potential volatility of a single stock, especially one with a smaller market cap.

Analyst Insight

A smart investor would research LUMIRADX LTD to understand the rationale behind 07 Trade & Services' significant investment and evaluate if it aligns with their own risk tolerance and investment goals, while also noting the diversification into ETFs.

Key Numbers

5,352,106 — Shares of LUMIRADX LTD (Represents a significant sole holding by 07 Trade & Services, indicating a strong conviction in this company.)
252,032 — Shares of VANGUARD WHITEHALL FDS (A new sole holding by 07 Trade & Services, diversifying their portfolio.)
273,110 — Shares of ISHARES CORE HIGH DIVIDEND ETF (A new sole holding by 07 Trade & Services, suggesting a move towards income-generating assets.)
20231231 — Conformed Period of Report (The date for which the reported holdings are accurate, providing a snapshot of the portfolio at year-end.)
20240209 — Filed As Of Date (The date the filing was submitted, indicating the recency of the disclosed information.)

Key Players & Entities

CVS HEALTH Corp (company) — the company whose 13F-HR filing is being analyzed
07 Trade & Services (company) — the filer/investment manager
LUMIRADX LTD (company) — a company in which 07 Trade & Services holds 5,352,106 shares
VANGUARD WHITEHALL FDS (company) — a fund in which 07 Trade & Services holds 252,032 shares
ISHARES CORE HIGH DIVIDEND ETF (company) — an ETF in which 07 Trade & Services holds 273,110 shares
Michael Motolo (person) — Investment Manager for 07 Trade & Services
$136,837,471 (dollar_amount) — value of SPDR S P 500 ETF TRUST holdings

Forward-Looking Statements

07 Trade & Services will continue to hold or increase its position in LUMIRADX LTD in the next quarter. (LUMIRADX LTD) — medium confidence, target: 2024-03-31
The new positions in VANGUARD WHITEHALL FDS and ISHARES CORE HIGH DIVIDEND ETF indicate a strategic shift towards more diversified or income-generating assets for 07 Trade & Services. (07 Trade & Services) — high confidence, target: 2024-06-30

FAQ

What was the most significant change in holdings reported by 07 Trade & Services in this 13F-HR filing?

The most significant change was the sole holding of 5,352,106 shares of LUMIRADX LTD, which represents a substantial position for 07 Trade & Services as of December 31, 2023.

Which new positions did 07 Trade & Services establish during the reporting period ending December 31, 2023?

07 Trade & Services established new sole positions in VANGUARD WHITEHALL FDS with 252,032 shares and ISHARES CORE HIGH DIVIDEND ETF with 273,110 shares, as reported in the filing.

What was the total market value of 07 Trade & Services' holdings in SPDR S P 500 ETF TRUST as of December 31, 2023?

As of December 31, 2023, the total market value of 07 Trade & Services' holdings in SPDR S P 500 ETF TRUST was $136,837,471, representing 287,891 shares.

Who is the Investment Manager listed for 07 Trade & Services in this filing?

Michael Motolo is listed as the Investment Manager for 07 Trade & Services, with a business phone number of 8602731145, according to the filing.

What is the Standard Industrial Classification (SIC) for CVS HEALTH Corp, the company associated with this filing?

The Standard Industrial Classification (SIC) for CVS HEALTH Corp is RETAIL-DRUG STORES AND PROPRIETARY STORES [5912], as stated in the filing.

From the Filing

0000947871-24-000102.txt : 20240209 0000947871-24-000102.hdr.sgml : 20240209 20240209171424 ACCESSION NUMBER: 0000947871-24-000102 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 EFFECTIVENESS DATE: 20240209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CVS HEALTH Corp CENTRAL INDEX KEY: 0000064803 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 050494040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-22498 FILM NUMBER: 24616143 BUSINESS ADDRESS: STREET 1: ONE CVS DR. CITY: WOONSOCKET STATE: RI ZIP: 02895 BUSINESS PHONE: 4017651500 MAIL ADDRESS: STREET 1: ONE CVS DR. CITY: WOONSOCKET STATE: RI ZIP: 02895 FORMER COMPANY: FORMER CONFORMED NAME: CVS CAREMARK CORP DATE OF NAME CHANGE: 20070509 FORMER COMPANY: FORMER CONFORMED NAME: CVS/CAREMARK CORP DATE OF NAME CHANGE: 20070322 FORMER COMPANY: FORMER CONFORMED NAME: CVS CORP DATE OF NAME CHANGE: 19970128 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0000064803 XXXXXXXX 12-31-2023 12-31-2023 false CVS HEALTH Corp ONE CVS DR. WOONSOCKET RI 02895 13F HOLDINGS REPORT 028-22498 001-01011 N Michael Motolo Investment Manager 8602731145 /s/ Michael Motolo Woonsocket RI 02-09-2024 0 6 193740036 INFORMATION TABLE 2 infotable.xml PRUDENTIAL FINANCIAL INC COM 744320102 278254 2683 SH SOLE 2683 0 0 VANGUARD WHITEHALL FDS COM 921946406 28134332 252032 SH SOLE 252032 0 0 HEALTH CATALYST INC COM 42225T107 298843 32273 SH SOLE 32273 0 0 ISHARES CORE HIGH DIVIDEND ETF COM 46429B663 27854489 273110 SH SOLE 306791 0 0 LUMIRADX LTD COM G5709L117 336647 5352106 SH SOLE 5352106 0 0 SPDR S P 500 ETF TRUST COM 78462F103 136837471 287891 SH SOLE 224596 0 0