# MONROE BANK & TRUST/MI

> Institutional holdings reported to the SEC as of Q2 2019 on Form 13F. CIK 1075699. Source: https://holderbook.com/funds/1075699-monroe-bank-trust-mi/

- Reported value: $298.6M
- Positions: 106
- Weight of the ten largest: 58.8%
- Filed: 2019-07-29

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 |
|---|---|---|---|---|---|
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $71.6M | 643,186 | 24.0% | 3 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $20.4M | 113,884 | 6.8% | 3 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $14.6M | 73,780 | 4.9% | 3 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $14.1M | 163,437 | 4.7% | 3 |
| INVESCO ACTIVELY MANAGED EXC | [GSY](https://holderbook.com/stocks/GSY/) | $12.3M | 244,128 | 4.1% | 3 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $10.5M | 90,249 | 3.5% | 3 |
| ISHARES TR | [IWC](https://holderbook.com/stocks/IWC/) | $8.7M | 93,854 | 2.9% | 3 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $8.0M | 102,418 | 2.7% | 2 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $7.8M | 182,213 | 2.6% | 3 |
| SPDR SERIES TRUST | [BWX](https://holderbook.com/stocks/BWX/) | $7.5M | 258,800 | 2.5% | 3 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $7.3M | 83,706 | 2.4% | 3 |
| SPDR SERIES TRUST | [JNK](https://holderbook.com/stocks/JNK/) | $6.1M | 55,638 | 2.0% | 1 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $5.9M | 41,084 | 2.0% | 3 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $5.0M | 31,921 | 1.7% | 3 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $4.5M | 40,035 | 1.5% | 3 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $4.4M | 47,367 | 1.5% | 3 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $3.5M | 59,286 | 1.2% | 3 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $3.4M | 59,005 | 1.1% | 3 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $3.0M | 33,896 | 1.0% | 3 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $2.9M | 24,606 | 1.0% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.5M | 18,955 | 0.9% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $2.2M | 81,145 | 0.8% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.0M | 10,211 | 0.7% | 3 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $2.0M | 30,835 | 0.7% | 3 |
| LA Z BOY INC | [LZB](https://holderbook.com/stocks/LZB/) | $1.9M | 63,048 | 0.6% | 3 |
| OMNICELL COM | [OMCL](https://holderbook.com/stocks/OMCL/) | $1.9M | 22,447 | 0.6% | 3 |
| FIRST TR ENERGY INCOME & GRO | [FEN](https://holderbook.com/stocks/FEN/) | $1.9M | 83,380 | 0.6% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.8M | 13,584 | 0.6% | 3 |
| MARKETAXESS HLDGS INC | [MKTX](https://holderbook.com/stocks/MKTX/) | $1.8M | 5,499 | 0.6% | 3 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $1.7M | 44,980 | 0.6% | 3 |
| MASIMO CORP | [MASI](https://holderbook.com/stocks/MASI/) | $1.6M | 10,827 | 0.5% | 3 |
| HEXCEL CORP NEW | [HXL](https://holderbook.com/stocks/HXL/) | $1.6M | 19,667 | 0.5% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.5M | 13,682 | 0.5% | 3 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $1.5M | 49,146 | 0.5% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.5M | 7,157 | 0.5% | 3 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $1.5M | 8,797 | 0.5% | 3 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.4M | 42,954 | 0.5% | 3 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.4M | 9,905 | 0.5% | 3 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.4M | 32,244 | 0.5% | 3 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $1.4M | 7,110 | 0.5% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.4M | 17,687 | 0.5% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.4M | 12,310 | 0.5% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.3M | 23,561 | 0.5% | 3 |
| BANCFIRST CORP | [BANF](https://holderbook.com/stocks/BANF/) | $1.3M | 23,947 | 0.4% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.3M | 692 | 0.4% | 3 |
| TORO CO | [TTC](https://holderbook.com/stocks/TTC/) | $1.3M | 18,972 | 0.4% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.2M | 8,944 | 0.4% | 3 |
| CHEFS WHSE INC | [CHEF](https://holderbook.com/stocks/CHEF/) | $1.2M | 34,040 | 0.4% | 3 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $1.2M | 21,409 | 0.4% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.1M | 9,220 | 0.4% | 3 |
| SITEONE LANDSCAPE SUPPLY INC | [SITE](https://holderbook.com/stocks/SITE/) | $1.1M | 16,416 | 0.4% | 3 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $1.1M | 9,407 | 0.4% | 3 |
| LEGGETT & PLATT INC | [LEG](https://holderbook.com/stocks/LEG/) | $1.1M | 27,983 | 0.4% | 3 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $1.1M | 21,803 | 0.4% | 2 |
| HELMERICH & PAYNE INC | [HP](https://holderbook.com/stocks/HP/) | $1.1M | 20,906 | 0.4% | 3 |
| SLEEP NUMBER CORP | [SNBRQ](https://holderbook.com/stocks/SNBRQ/) | $990.0K | 24,501 | 0.3% | 3 |
| CHARLES RIV LABS INTL INC | [CRL](https://holderbook.com/stocks/CRL/) | $976.0K | 6,881 | 0.3% | 1 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $949.0K | 20,042 | 0.3% | 3 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $938.0K | 12,117 | 0.3% | 3 |
| ISHARES TR | [IYZ](https://holderbook.com/stocks/IYZ/) | $932.0K | 31,661 | 0.3% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $835.0K | 3,916 | 0.3% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $828.0K | 17,287 | 0.3% | 3 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $826.0K | 7,973 | 0.3% | 3 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $780.0K | 8,868 | 0.3% | 3 |
| ISHARES TR | [IYH](https://holderbook.com/stocks/IYH/) | $772.0K | 3,951 | 0.3% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $703.0K | 14,859 | 0.2% | 3 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $679.0K | 1,868 | 0.2% | 3 |
| NATIONAL VISION HLDGS INC | [EYE](https://holderbook.com/stocks/EYE/) | $668.0K | 21,729 | 0.2% | 3 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $648.0K | 11,599 | 0.2% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $638.0K | 589 | 0.2% | 3 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $630.0K | 4,176 | 0.2% | 3 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $610.0K | 21,296 | 0.2% | 3 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $588.0K | 3,555 | 0.2% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $535.0K | 6,809 | 0.2% | 3 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $508.0K | 3,815 | 0.2% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $503.0K | 9,882 | 0.2% | 3 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $474.0K | 8,097 | 0.2% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $470.0K | 4,098 | 0.2% | 3 |
| CORE LABORATORIES N V | [CLB](https://holderbook.com/stocks/CLB/) | $462.0K | 8,845 | 0.2% | 3 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $419.0K | 4,212 | 0.1% | 3 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $402.0K | 4,673 | 0.1% | 3 |
| UNITED TECHNOLOGIES CORP | [UTX](https://holderbook.com/stocks/UTX/) | $379.0K | 2,910 | 0.1% | 3 |
| ROYAL DUTCH SHELL PLC | [RDSA](https://holderbook.com/stocks/RDSA/) | $365.0K | 5,608 | 0.1% | 3 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $365.0K | 3,537 | 0.1% | 3 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $361.0K | 4,424 | 0.1% | 3 |
| ISHARES TR | [IYJ](https://holderbook.com/stocks/IYJ/) | $356.0K | 2,252 | 0.1% | 3 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $326.0K | 1,625 | 0.1% | 3 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $323.0K | 2,526 | 0.1% | 3 |
| ISHARES TR | [IYF](https://holderbook.com/stocks/IYF/) | $323.0K | 2,574 | 0.1% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $318.0K | 5,810 | 0.1% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $279.0K | 9,619 | 0.1% | 3 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $275.0K | 3,271 | 0.1% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $263.0K | 1,266 | 0.1% | 2 |
| ISHARES TR | [IYK](https://holderbook.com/stocks/IYK/) | $260.0K | 2,137 | 0.1% | 3 |
| HANCOCK JOHN PFD INCOME FD | [HPI](https://holderbook.com/stocks/HPI/) | $259.0K | 11,165 | 0.1% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $258.0K | 2,332 | 0.1% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $251.0K | 1,300 | 0.1% | 3 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $251.0K | 4,777 | 0.1% | 3 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $248.0K | 4,120 | 0.1% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $243.0K | 995 | 0.1% | 3 |

## 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 |
|---|---|---|---|---|
| Q2 2019 | +2.5% | +3.7% | -1.2% | 100% |
| Q1 2019 | +8.5% | +13.0% | -4.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2019 | $298.6M | 106 |
| Q1 2019 | $310.4M | 107 |
| Q4 2018 | $299.0M | 101 |