# PRIVATE ASSET MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1026200. Source: https://holderbook.com/funds/1026200-private-asset-management-inc/

- Reported value: $425.8M
- Positions: 118
- Weight of the ten largest: 46.3%
- Filed: 2023-10-20

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 |
|---|---|---|---|---|---|
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $34.6M | 311,134 | 8.1% | 20 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $27.2M | 158,625 | 6.4% | 20 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $22.9M | 72,679 | 5.4% | 20 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $21.9M | 165,833 | 5.1% | 20 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $18.2M | 32,283 | 4.3% | 20 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $16.1M | 69,942 | 3.8% | 20 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $14.6M | 114,647 | 3.4% | 20 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $14.5M | 140,380 | 3.4% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $14.0M | 96,494 | 3.3% | 20 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $13.3M | 44,144 | 3.1% | 20 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $12.7M | 75,208 | 3.0% | 20 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $12.4M | 182,600 | 2.9% | 20 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $10.6M | 388,006 | 2.5% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $9.9M | 63,326 | 2.3% | 20 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.7M | 24,846 | 2.0% | 20 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $8.6M | 258,550 | 2.0% | 20 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $7.4M | 69,766 | 1.7% | 20 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $6.4M | 66,326 | 1.5% | 20 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $6.1M | 36,164 | 1.4% | 20 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $5.7M | 26,945 | 1.3% | 20 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $5.6M | 77,876 | 1.3% | 14 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $5.5M | 94,957 | 1.3% | 20 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $5.1M | 55,425 | 1.2% | 20 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $4.7M | 23,042 | 1.1% | 20 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.5M | 10,625 | 1.1% | 20 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.5M | 30,984 | 1.1% | 20 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $4.3M | 79,403 | 1.0% | 20 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $4.2M | 73,601 | 1.0% | 14 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $4.0M | 53,939 | 0.9% | 20 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $3.5M | 43,053 | 0.8% | 20 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.5M | 43,370 | 0.8% | 20 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $3.5M | 76,281 | 0.8% | 16 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $3.5M | 14,055 | 0.8% | 20 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $3.3M | 80,909 | 0.8% | 20 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $3.2M | 12,797 | 0.8% | 20 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $3.1M | 14,881 | 0.7% | 20 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $3.0M | 41,700 | 0.7% | 20 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $2.8M | 25,120 | 0.7% | 20 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.4M | 18,712 | 0.6% | 20 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $2.4M | 41,330 | 0.6% | 6 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $2.4M | 45,948 | 0.6% | 18 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $2.2M | 43,464 | 0.5% | 20 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.0M | 31,570 | 0.5% | 20 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $2.0M | 3,090 | 0.5% | 20 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.0M | 13,200 | 0.5% | 20 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $2.0M | 9,789 | 0.5% | 20 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $1.9M | 18,825 | 0.5% | 20 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.9M | 15,813 | 0.4% | 20 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.8M | 4,696 | 0.4% | 20 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $1.7M | 2,963 | 0.4% | 10 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $1.6M | 11,487 | 0.4% | 11 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.5M | 7,587 | 0.4% | 20 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.5M | 21,870 | 0.4% | 20 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.4M | 40,554 | 0.3% | 20 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $1.4M | 21,000 | 0.3% | 20 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.4M | 15,813 | 0.3% | 20 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $1.4M | 2,966 | 0.3% | 20 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.3M | 32,770 | 0.3% | 20 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.2M | 6,977 | 0.3% | 20 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.2M | 8,532 | 0.3% | 20 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.2M | 7,139 | 0.3% | 20 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $1.1M | 29,703 | 0.3% | 20 |
| Capital One Finl Corp DP Shs P | [COFPRI](https://holderbook.com/stocks/COFPRI/) | $1.0M | 54,815 | 0.2% | 16 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.0M | 3,689 | 0.2% | 20 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $1.0M | 25,873 | 0.2% | 20 |
| Bank of America 4.125 Pfd | [BACPRP](https://holderbook.com/stocks/BACPRP/) | $967.3K | 57,712 | 0.2% | 10 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $939.6K | 2,850 | 0.2% | 20 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $904.9K | 16,500 | 0.2% | 9 |
| FLAGSTAR BANK NATIONAL ASSOC | [FLGPRU](https://holderbook.com/stocks/FLGPRU/) | $874.6K | 23,980 | 0.2% | 18 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $815.6K | 54,299 | 0.2% | 20 |
| AT&T DS REP 1000 SRS C PRF | [TPRC](https://holderbook.com/stocks/TPRC/) | $726.9K | 37,899 | 0.2% | 11 |
| Sempra Energy Fxd Nt 79 | [SREA](https://holderbook.com/stocks/SREA/) | $722.1K | 31,684 | 0.2% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $719.9K | 2,877 | 0.2% | 14 |
| SYNCHRONY FINL 40 DS REP SRS A PRF | [SYFPRA](https://holderbook.com/stocks/SYFPRA/) | $711.8K | 44,320 | 0.2% | 16 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $660.7K | 1,844 | 0.2% | 19 |
| KEYCORP 5.65  5.65 PFD | [KEYPRJ](https://holderbook.com/stocks/KEYPRJ/) | $659.8K | 34,400 | 0.2% | 19 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $655.8K | 2,400 | 0.2% | 20 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $643.2K | 4,315 | 0.2% | 20 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $631.6K | 6,605 | 0.1% | 20 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $551.0K | 5,841 | 0.1% | 14 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $546.9K | 4,248 | 0.1% | 20 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $533.3K | 5,506 | 0.1% | 20 |
| 1/100 BERKSHIRE HTWY CLA 100 S | - | $531.5K | 100 | 0.1% | 20 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $502.3K | 15,143 | 0.1% | 20 |
| Citizens Financial DS REP 1 40 SRS E PRF | [CFGPRE](https://holderbook.com/stocks/CFGPRE/) | $488.3K | 25,550 | 0.1% | 16 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $470.0K | 7,116 | 0.1% | 4 |
| SOUTHERN 2020 SRS C 4 20 JNR SUB NTS | [SOJE](https://holderbook.com/stocks/SOJE/) | $469.5K | 24,114 | 0.1% | 11 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $462.0K | 2,760 | 0.1% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $456.8K | 11,651 | 0.1% | 20 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $449.3K | 2,791 | 0.1% | 14 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $424.5K | 3,950 | 0.1% | 12 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $421.3K | 3,723 | 0.1% | 20 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $410.2K | 3,424 | 0.1% | 10 |
| BROOKFIELD FINANCE 4 625 SUBORD NTS | [BNH](https://holderbook.com/stocks/BNH/) | $402.0K | 25,954 | 0.1% | 11 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $383.6K | 11,833 | 0.1% | 20 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $372.1K | 6,538 | 0.1% | 20 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $372.0K | 6,174 | 0.1% | 20 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $365.8K | 1,361 | 0.1% | 20 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $344.8K | 793 | 0.1% | 7 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $327.7K | 4,997 | 0.1% | 14 |

## 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 |
|---|---|---|---|---|
| Q3 2023 | -4.0% | -3.6% | -0.4% | 99% |
| Q2 2023 | +5.4% | +8.3% | -2.8% | 99% |
| Q1 2023 | +5.5% | +7.0% | -1.5% | 99% |
| Q4 2022 | +7.3% | +7.1% | +0.2% | 99% |
| Q3 2022 | -6.2% | -5.3% | -0.9% | 98% |
| Q2 2022 | -15.6% | -16.5% | +0.8% | 99% |
| Q1 2022 | -6.1% | -4.9% | -1.1% | 99% |
| Q4 2021 | +11.9% | +10.7% | +1.2% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $425.8M | 118 |
| Q2 2023 | $520.2M | 134 |
| Q1 2023 | $606.4M | 139 |
| Q4 2022 | $589.4M | 135 |
| Q3 2022 | $565.5M | 136 |
| Q2 2022 | $615.9M | 141 |
| Q1 2022 | $737.7M | 144 |
| Q4 2021 | $814.5M | 149 |
| Q3 2021 | $733.5M | 149 |
| Q2 2021 | $750.7M | 153 |
| Q1 2021 | $714.6M | 157 |
| Q4 2020 | $667.0M | 144 |