# ARMSTRONG SHAW ASSOCIATES INC/CT

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1034550. Source: https://holderbook.com/funds/1034550-armstrong-shaw-associates-inc-ct/

- Reported value: $95.2M
- Positions: 44
- Weight of the ten largest: 64.1%
- Filed: 2023-10-13

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $11.7M | 36,960 | 12.3% | 20 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $10.6M | 20 | 11.2% | 20 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.1M | 47,351 | 8.5% | 20 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $6.5M | 49,360 | 6.8% | 20 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.2M | 12,286 | 6.5% | 20 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $4.2M | 14,810 | 4.4% | 20 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $3.9M | 8,845 | 4.0% | 20 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.6M | 24,253 | 3.8% | 20 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $3.1M | 12,531 | 3.3% | 19 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $3.1M | 28,290 | 3.3% | 20 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.1M | 24,460 | 3.3% | 18 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.1M | 18,409 | 3.3% | 20 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $3.1M | 16,550 | 3.2% | 20 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $2.9M | 41,518 | 3.0% | 20 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $2.3M | 68,187 | 2.4% | 20 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $2.0M | 45,533 | 2.1% | 20 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.0M | 9,693 | 2.1% | 20 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $1.8M | 18,137 | 1.8% | 20 |
| CAESARS ENTERTAINMENT INC NE | [CZR](https://holderbook.com/stocks/CZR/) | $1.6M | 35,241 | 1.7% | 13 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $1.6M | 7,997 | 1.7% | 20 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.0M | 24,884 | 1.1% | 20 |
| WYNDHAM HOTELS & RESORTS INC | [WH](https://holderbook.com/stocks/WH/) | $968.7K | 13,930 | 1.0% | 20 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $730.0K | 10,595 | 0.8% | 20 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $710.9K | 9,500 | 0.7% | 20 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $666.0K | 2,020 | 0.7% | 20 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $640.3K | 20,475 | 0.7% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $588.9K | 4,500 | 0.6% | 20 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $588.2K | 15,500 | 0.6% | 3 |
| DUPONT DE NEMOURS INC | [DD](https://holderbook.com/stocks/DD/) | $455.1K | 6,102 | 0.5% | 18 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $403.4K | 6,900 | 0.4% | 20 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $372.1K | 7,800 | 0.4% | 3 |
| TRAVEL PLUS LEISURE CO | [TNL](https://holderbook.com/stocks/TNL/) | $359.4K | 9,784 | 0.4% | 11 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $332.6K | 6,451 | 0.3% | 18 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $315.3K | 900 | 0.3% | 12 |
| PENTAIR PLC | [PNR](https://holderbook.com/stocks/PNR/) | $307.5K | 4,749 | 0.3% | 20 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $302.3K | 5,908 | 0.3% | 18 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $294.8K | 1,500 | 0.3% | 11 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $258.9K | 800 | 0.3% | 11 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $249.2K | 1,300 | 0.3% | 12 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $228.9K | 1,534 | 0.2% | 11 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $221.1K | 2,950 | 0.2% | 4 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $213.2K | 1,900 | 0.2% | 4 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $211.5K | 2,610 | 0.2% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $207.3K | 1,875 | 0.2% | 2 |

## 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 | -1.6% | -3.6% | +2.0% | 100% |
| Q2 2023 | +7.6% | +8.3% | -0.7% | 100% |
| Q1 2023 | +2.4% | +7.0% | -4.6% | 100% |
| Q4 2022 | +8.5% | +7.1% | +1.5% | 100% |
| Q3 2022 | -5.5% | -5.3% | -0.2% | 100% |
| Q2 2022 | -16.4% | -16.5% | +0.0% | 100% |
| Q1 2022 | -1.8% | -4.9% | +3.1% | 100% |
| Q4 2021 | +9.0% | +10.7% | -1.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $95.2M | 44 |
| Q2 2023 | $98.3M | 47 |
| Q1 2023 | $101.9M | 45 |
| Q4 2022 | $100.6M | 42 |
| Q3 2022 | $93.2M | 41 |
| Q2 2022 | $99.3M | 42 |
| Q1 2022 | $119.6M | 43 |
| Q4 2021 | $122.9M | 43 |
| Q3 2021 | $114.3M | 42 |
| Q2 2021 | $115.1M | 44 |
| Q1 2021 | $109.4M | 43 |
| Q4 2020 | $102.0M | 39 |