# FINANCIAL PARTNERS CAPITAL MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1049650. Source: https://holderbook.com/funds/1049650-financial-partners-capital-management-llc/

- Reported value: $449.2M
- Positions: 116
- Weight of the ten largest: 34.8%
- Filed: 2023-02-13

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 |
|---|---|---|---|---|---|
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $20.9M | 206,959 | 4.7% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $17.7M | 73,971 | 3.9% | 15 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $16.8M | 110,644 | 3.7% | 15 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $16.1M | 120,133 | 3.6% | 15 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $15.9M | 46,191 | 3.5% | 15 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $14.5M | 32,830 | 3.2% | 15 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $14.2M | 79,240 | 3.2% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $14.1M | 127,515 | 3.1% | 15 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $13.0M | 254,633 | 2.9% | 15 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $12.8M | 62,668 | 2.9% | 15 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $11.7M | 133,493 | 2.6% | 9 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $11.1M | 245,797 | 2.5% | 15 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $11.1M | 87,042 | 2.5% | 15 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $9.7M | 73,514 | 2.1% | 14 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $9.6M | 25,092 | 2.1% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $9.4M | 72,211 | 2.1% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.8M | 28,433 | 2.0% | 15 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $8.7M | 140,657 | 1.9% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $8.3M | 93,235 | 1.8% | 15 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $8.2M | 93,265 | 1.8% | 15 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $7.8M | 225,905 | 1.7% | 7 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $7.6M | 65,085 | 1.7% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.6M | 89,919 | 1.7% | 15 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $6.9M | 96,629 | 1.5% | 15 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $6.2M | 340,868 | 1.4% | 12 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $6.0M | 47,506 | 1.3% | 10 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $5.8M | 11,864 | 1.3% | 8 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $5.6M | 142,739 | 1.3% | 15 |
| CONAGRA BRANDS INC | [CAG](https://holderbook.com/stocks/CAG/) | $5.3M | 138,200 | 1.2% | 15 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $5.0M | 50,570 | 1.1% | 12 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $5.0M | 74,020 | 1.1% | 5 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $4.8M | 32,980 | 1.1% | 15 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.7M | 22,403 | 1.0% | 15 |
| ISHARES TR | [AIA](https://holderbook.com/stocks/AIA/) | $4.2M | 73,509 | 0.9% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.1M | 34,054 | 0.9% | 15 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $3.9M | 29,359 | 0.9% | 4 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $3.9M | 46,358 | 0.9% | 8 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $3.8M | 10,752 | 0.8% | 13 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $3.4M | 44,632 | 0.8% | 7 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $3.2M | 21,965 | 0.7% | 15 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $3.1M | 62,326 | 0.7% | 8 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $2.9M | 23,366 | 0.6% | 4 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.8M | 39,577 | 0.6% | 9 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $2.8M | 17,991 | 0.6% | 9 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $2.8M | 30,381 | 0.6% | 12 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.7M | 144,347 | 0.6% | 1 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $2.5M | 1,231 | 0.6% | 6 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $2.4M | 21,210 | 0.5% | 10 |
| HEALTHCARE RLTY TR | [HR](https://holderbook.com/stocks/HR/) | $2.3M | 121,713 | 0.5% | 2 |
| KELLOGG CO | [K](https://holderbook.com/stocks/K/) | $2.2M | 30,902 | 0.5% | 9 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $2.2M | 37,404 | 0.5% | 12 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $2.1M | 46,568 | 0.5% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.0M | 40,779 | 0.5% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.0M | 11,313 | 0.5% | 15 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $2.0M | 43,284 | 0.4% | 12 |
| BRINKS CO | [BCO](https://holderbook.com/stocks/BCO/) | $2.0M | 36,472 | 0.4% | 15 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.0M | 13,793 | 0.4% | 15 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.9M | 45,055 | 0.4% | 10 |
| J P MORGAN EXCHANGE TRADED F | [BBJP](https://holderbook.com/stocks/BBJP/) | $1.9M | 41,483 | 0.4% | 5 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.9M | 288,275 | 0.4% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.8M | 16,604 | 0.4% | 15 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $1.8M | 34,993 | 0.4% | 6 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $1.8M | 20,335 | 0.4% | 13 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.8M | 45,300 | 0.4% | 6 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $1.7M | 37,981 | 0.4% | 3 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $1.7M | 9,349 | 0.4% | 15 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.7M | 48,595 | 0.4% | 15 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $1.6M | 25,972 | 0.4% | 8 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.6M | 11,089 | 0.3% | 12 |
| FLYWIRE CORPORATION | [FLYW](https://holderbook.com/stocks/FLYW/) | $1.5M | 62,421 | 0.3% | 5 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.5M | 22,249 | 0.3% | 12 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $1.4M | 4,600 | 0.3% | 12 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $1.3M | 9,020 | 0.3% | 15 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.3M | 12,499 | 0.3% | 9 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.2M | 5,736 | 0.3% | 15 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $1.1M | 4,506 | 0.2% | 14 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.1M | 14,665 | 0.2% | 12 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $1.0M | 27,522 | 0.2% | 3 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.0M | 8,640 | 0.2% | 12 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.0M | 30,604 | 0.2% | 12 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $984.6K | 15,860 | 0.2% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $936.8K | 5,303 | 0.2% | 15 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $921.7K | 9,343 | 0.2% | 12 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $886.4K | 11,250 | 0.2% | 12 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $831.0K | 7,569 | 0.2% | 15 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $823.7K | 11,049 | 0.2% | 11 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $801.1K | 4,987 | 0.2% | 15 |
| LISTED FDS TR | [INFL](https://holderbook.com/stocks/INFL/) | $687.4K | 21,837 | 0.2% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $687.3K | 2,581 | 0.2% | 12 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $652.7K | 3,407 | 0.1% | 3 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $618.1K | 3,545 | 0.1% | 12 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $560.9K | 6,456 | 0.1% | 15 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $539.1K | 3,336 | 0.1% | 9 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $520.1K | 4,614 | 0.1% | 10 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $490.9K | 9,916 | 0.1% | 11 |
| PARAMOUNT GLOBAL | [PARA](https://holderbook.com/stocks/PARA/) | $489.4K | 28,993 | 0.1% | 12 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $420.8K | 5,023 | 0.1% | 6 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $416.4K | 16,838 | 0.1% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $415.9K | 6,538 | 0.1% | 15 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $383.5K | 8,050 | 0.1% | 15 |

## 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 |
|---|---|---|---|---|
| Q4 2022 | +9.2% | +7.1% | +2.1% | 99% |
| Q3 2022 | -6.5% | -5.3% | -1.2% | 100% |
| Q2 2022 | -14.1% | -16.5% | +2.3% | 100% |
| Q1 2022 | -5.0% | -4.9% | -0.1% | 100% |
| Q4 2021 | +3.2% | +10.7% | -7.4% | 100% |
| Q3 2021 | -1.4% | +0.3% | -1.7% | 100% |
| Q2 2021 | +8.9% | +8.0% | +0.9% | 100% |
| Q1 2021 | +5.8% | +6.0% | -0.2% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $449.2M | 116 |
| Q3 2022 | $422.8M | 119 |
| Q2 2022 | $465.0M | 124 |
| Q1 2022 | $538.8M | 125 |
| Q4 2021 | $564.1M | 126 |
| Q3 2021 | $547.5M | 119 |
| Q2 2021 | $544.7M | 112 |
| Q1 2021 | $494.3M | 109 |
| Q4 2020 | $438.2M | 102 |
| Q3 2020 | $376.3M | 102 |
| Q2 2020 | $347.2M | 93 |
| Q1 2020 | $313.3M | 88 |