# WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1007399. Source: https://holderbook.com/funds/1007399-wilbanks-smith-thomas-asset-management-llc/

- Reported value: $3.6B
- Positions: 528
- Weight of the ten largest: 35.3%
- Filed: 2024-05-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $331.0M | 688,588 | 9.3% | 22 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $191.2M | 567,407 | 5.4% | 22 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $184.0M | 350,079 | 5.1% | 22 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $96.6M | 593,370 | 2.7% | 22 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $90.5M | 362,227 | 2.5% | 22 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $90.5M | 2,524,853 | 2.5% | 22 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $74.9M | 293,983 | 2.1% | 22 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $70.8M | 3,108,176 | 2.0% | 4 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $68.3M | 415,488 | 1.9% | 18 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $64.3M | 281,397 | 1.8% | 22 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $63.8M | 372,033 | 1.8% | 22 |
| INVESCO EXCHANGE TRADED FD T | [XLG](https://holderbook.com/stocks/XLG/) | $63.7M | 1,510,848 | 1.8% | 22 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $62.9M | 149,388 | 1.8% | 22 |
| DBX ETF TR | [HYLB](https://holderbook.com/stocks/HYLB/) | $55.9M | 1,564,624 | 1.6% | 2 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $54.9M | 653,290 | 1.5% | 22 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $54.8M | 1,815,008 | 1.5% | 3 |
| WISDOMTREE TR | [DLN](https://holderbook.com/stocks/DLN/) | $49.2M | 681,367 | 1.4% | 22 |
| INVESCO EXCH TRD SLF IDX FD | [BSCT](https://holderbook.com/stocks/BSCT/) | $44.2M | 2,413,167 | 1.2% | 5 |
| INVESCO EXCH TRD SLF IDX FD | [BSCS](https://holderbook.com/stocks/BSCS/) | $43.9M | 2,188,109 | 1.2% | 7 |
| INVESCO EXCH TRD SLF IDX FD | [BSCR](https://holderbook.com/stocks/BSCR/) | $43.7M | 2,263,580 | 1.2% | 17 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $43.6M | 587,420 | 1.2% | 22 |
| INVESCO EXCH TRD SLF IDX FD | [BSCU](https://holderbook.com/stocks/BSCU/) | $38.7M | 2,358,486 | 1.1% | 4 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $38.1M | 104,102 | 1.1% | 22 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $34.4M | 38,124 | 1.0% | 21 |
| SPDR SERIES TRUST | [SPHY](https://holderbook.com/stocks/SPHY/) | $33.4M | 1,422,012 | 0.9% | 1 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $31.3M | 391,634 | 0.9% | 22 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $28.7M | 159,076 | 0.8% | 22 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $27.9M | 655,571 | 0.8% | 2 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $27.8M | 1,100,767 | 0.8% | 6 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $25.9M | 891,820 | 0.7% | 21 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $23.4M | 117,034 | 0.7% | 22 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $22.9M | 144,847 | 0.6% | 22 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $22.5M | 620,843 | 0.6% | 22 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $22.3M | 1,053,528 | 0.6% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $21.9M | 52,029 | 0.6% | 22 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $20.7M | 118,270 | 0.6% | 22 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $20.5M | 135,906 | 0.6% | 22 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $20.4M | 114,110 | 0.6% | 22 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $20.3M | 125,148 | 0.6% | 22 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $19.2M | 190,543 | 0.5% | 22 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $19.1M | 152,324 | 0.5% | 22 |
| ISHARES TR | [IBMQ](https://holderbook.com/stocks/IBMQ/) | $19.0M | 753,826 | 0.5% | 7 |
| ISHARES TR | [IBMP](https://holderbook.com/stocks/IBMP/) | $18.8M | 746,061 | 0.5% | 11 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $18.6M | 25,377 | 0.5% | 22 |
| ISHARES TR | [IBMO](https://holderbook.com/stocks/IBMO/) | $18.4M | 724,213 | 0.5% | 16 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $18.3M | 108,152 | 0.5% | 22 |
| ISHARES TR | [IBMR](https://holderbook.com/stocks/IBMR/) | $18.3M | 723,196 | 0.5% | 2 |
| INVESCO EXCHANGE TRADED FD T | [PFM](https://holderbook.com/stocks/PFM/) | $18.2M | 427,285 | 0.5% | 9 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $18.1M | 300,499 | 0.5% | 22 |
| ISHARES TR | [FALN](https://holderbook.com/stocks/FALN/) | $18.0M | 670,381 | 0.5% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $17.7M | 58,713 | 0.5% | 20 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $17.6M | 82,698 | 0.5% | 22 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $16.9M | 35,138 | 0.5% | 22 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $16.7M | 66,910 | 0.5% | 22 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $16.7M | 104,486 | 0.5% | 22 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $15.6M | 98,709 | 0.4% | 22 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $15.0M | 137,722 | 0.4% | 22 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $14.1M | 67,241 | 0.4% | 22 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $14.1M | 28,553 | 0.4% | 22 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $13.8M | 141,283 | 0.4% | 13 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $13.3M | 76,434 | 0.4% | 22 |
| LIVE NATION ENTERTAINMENT IN | [LYV](https://holderbook.com/stocks/LYV/) | $13.3M | 125,586 | 0.4% | 4 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $13.2M | 182,363 | 0.4% | 22 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $13.2M | 25,187 | 0.4% | 22 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $13.2M | 64,168 | 0.4% | 22 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $13.1M | 95,636 | 0.4% | 17 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $13.1M | 3,615 | 0.4% | 14 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $13.1M | 118,651 | 0.4% | 22 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $13.0M | 255,346 | 0.4% | 1 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $12.9M | 25,653 | 0.4% | 22 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $12.9M | 49,535 | 0.4% | 9 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $12.8M | 190,388 | 0.4% | 22 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $12.6M | 128,326 | 0.4% | 22 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $12.5M | 93,847 | 0.3% | 22 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $12.1M | 490,963 | 0.3% | 5 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $11.8M | 69,877 | 0.3% | 22 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $11.5M | 20,098 | 0.3% | 1 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $11.5M | 52,537 | 0.3% | 22 |
| AKAMAI TECHNOLOGIES INC | [AKAM](https://holderbook.com/stocks/AKAM/) | $11.4M | 104,850 | 0.3% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $11.4M | 14,613 | 0.3% | 22 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $10.4M | 113,689 | 0.3% | 7 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $10.4M | 96,378 | 0.3% | 22 |
| DROPBOX INC | [DBX](https://holderbook.com/stocks/DBX/) | $10.2M | 421,696 | 0.3% | 4 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $10.2M | 35,999 | 0.3% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $10.1M | 26,284 | 0.3% | 22 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $9.7M | 65,648 | 0.3% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $9.3M | 80,336 | 0.3% | 22 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $8.8M | 7,833 | 0.2% | 16 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $8.8M | 72,019 | 0.2% | 22 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $8.7M | 57,282 | 0.2% | 22 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $8.5M | 32,648 | 0.2% | 22 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $8.5M | 73,210 | 0.2% | 22 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $8.4M | 91,391 | 0.2% | 22 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $8.0M | 72,543 | 0.2% | 22 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $7.6M | 41,861 | 0.2% | 22 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $7.5M | 327,045 | 0.2% | 1 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $7.5M | 59,958 | 0.2% | 22 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $7.0M | 126,824 | 0.2% | 9 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $6.9M | 20,129 | 0.2% | 22 |
| PRA GROUP INC | [PRAA](https://holderbook.com/stocks/PRAA/) | $6.7M | 256,381 | 0.2% | 16 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2024 | +7.1% | +10.0% | -3.0% | 100% |
| Q4 2023 | +9.4% | +11.2% | -1.8% | 100% |
| Q3 2023 | -3.9% | -3.6% | -0.3% | 100% |
| Q2 2023 | +4.8% | +8.3% | -3.4% | 98% |
| Q1 2023 | +3.9% | +7.0% | -3.1% | 98% |
| Q4 2022 | +8.4% | +7.1% | +1.3% | 98% |
| Q3 2022 | -5.5% | -5.3% | -0.2% | 99% |
| Q2 2022 | -14.2% | -16.5% | +2.3% | 106% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $3.6B | 528 |
| Q4 2023 | $3.3B | 518 |
| Q3 2023 | $2.9B | 494 |
| Q2 2023 | $3.0B | 513 |
| Q1 2023 | $2.9B | 506 |
| Q4 2022 | $2.6B | 496 |
| Q3 2022 | $2.3B | 468 |
| Q2 2022 | $2.4B | 480 |
| Q1 2022 | $2.5B | 501 |
| Q4 2021 | $2.9B | 509 |
| Q3 2021 | $2.5B | 503 |
| Q2 2021 | $2.6B | 492 |