# BEL AIR INVESTMENT ADVISORS LLC

> Institutional holdings reported to the SEC as of Q2 2021 on Form 13F. CIK 1078727. Source: https://holderbook.com/funds/1078727-bel-air-investment-advisors-llc/

- Reported value: $3.3B
- Positions: 381
- Weight of the ten largest: 39.7%
- Filed: 2021-08-16

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 | [IVV](https://holderbook.com/stocks/IVV/) | $290.8M | 676,353 | 8.9% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $202.7M | 748,256 | 6.2% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $148.8M | 60,950 | 4.5% | 2 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $129.3M | 356,948 | 3.9% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $96.4M | 264,096 | 2.9% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $96.2M | 702,136 | 2.9% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $92.1M | 229,990 | 2.8% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $85.0M | 515,939 | 2.6% | 2 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $83.3M | 156,191 | 2.5% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $78.8M | 289,241 | 2.4% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $74.3M | 501,526 | 2.3% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $74.2M | 173,414 | 2.3% | 2 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $69.1M | 46,299 | 2.1% | 2 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $66.6M | 431,142 | 2.0% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $62.6M | 322,730 | 1.9% | 2 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $60.1M | 207,859 | 1.8% | 2 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $59.8M | 347,460 | 1.8% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $58.7M | 754,248 | 1.8% | 2 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $56.4M | 1,159,875 | 1.7% | 2 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $55.4M | 227,672 | 1.7% | 2 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $54.7M | 39,457 | 1.7% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $54.6M | 15,863 | 1.7% | 2 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $52.7M | 696,119 | 1.6% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $52.7M | 781,091 | 1.6% | 2 |
| MIDDLEBY CORP | [MIDD](https://holderbook.com/stocks/MIDD/) | $50.2M | 289,794 | 1.5% | 2 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $46.9M | 220,401 | 1.4% | 2 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $43.6M | 532,630 | 1.3% | 2 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $41.2M | 722,372 | 1.3% | 2 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $39.2M | 482,057 | 1.2% | 2 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $34.4M | 102,363 | 1.0% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $33.6M | 13,396 | 1.0% | 2 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $29.7M | 144,134 | 0.9% | 2 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $26.5M | 101,940 | 0.8% | 2 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $24.5M | 69,177 | 0.7% | 2 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $22.9M | 623,683 | 0.7% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $21.3M | 61,308 | 0.7% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $19.9M | 113,181 | 0.6% | 2 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $18.1M | 229,805 | 0.6% | 2 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $15.9M | 308,990 | 0.5% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $15.5M | 286,147 | 0.5% | 2 |
| SKECHERS U S A INC | [SKX](https://holderbook.com/stocks/SKX/) | $14.6M | 292,698 | 0.4% | 1 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $13.6M | 246,880 | 0.4% | 2 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $12.8M | 44,722 | 0.4% | 2 |
| ACADEMY SPORTS & OUTDOORS IN | [ASO](https://holderbook.com/stocks/ASO/) | $12.4M | 300,200 | 0.4% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $12.4M | 18,174 | 0.4% | 2 |
| CROCS INC | [CROX](https://holderbook.com/stocks/CROX/) | $12.2M | 55,000 | 0.4% | 2 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $11.6M | 149,550 | 0.4% | 2 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $11.3M | 100,928 | 0.3% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $11.2M | 67,723 | 0.3% | 2 |
| SPDR SERIES TRUST | [KRE](https://holderbook.com/stocks/KRE/) | $10.5M | 160,567 | 0.3% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $10.4M | 66,763 | 0.3% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $10.0M | 12,532 | 0.3% | 2 |
| ISHARES TR | [AAXJ](https://holderbook.com/stocks/AAXJ/) | $9.9M | 104,993 | 0.3% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $9.7M | 41,521 | 0.3% | 2 |
| AMERICAN WELL CORP | [AMWL](https://holderbook.com/stocks/AMWL/) | $9.4M | 748,457 | 0.3% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $9.4M | 62,209 | 0.3% | 2 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $9.2M | 40,938 | 0.3% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $8.7M | 16,509 | 0.3% | 2 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $8.4M | 16,699 | 0.3% | 2 |
| ZILLOW GROUP INC | [Z](https://holderbook.com/stocks/Z/) | $8.4M | 68,858 | 0.3% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $8.1M | 33,363 | 0.2% | 2 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $7.9M | 27,070 | 0.2% | 2 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $7.7M | 30,023 | 0.2% | 2 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $7.4M | 27,461 | 0.2% | 2 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $7.4M | 30,366 | 0.2% | 2 |
| ASTRANA HEALTH INC | [ASTH](https://holderbook.com/stocks/ASTH/) | $6.9M | 110,476 | 0.2% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.9M | 24,743 | 0.2% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $6.3M | 151,946 | 0.2% | 2 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $6.2M | 39,383 | 0.2% | 2 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $6.1M | 15,546 | 0.2% | 2 |
| TELADOC HEALTH INC | [TDOC](https://holderbook.com/stocks/TDOC/) | $5.6M | 33,875 | 0.2% | 2 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $5.5M | 37,491 | 0.2% | 2 |
| ACCEL ENTERTAINMENT INC | [ACEL](https://holderbook.com/stocks/ACEL/) | $5.1M | 430,705 | 0.2% | 2 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $5.0M | 49,083 | 0.2% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $5.0M | 20,473 | 0.2% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.9M | 12,353 | 0.1% | 2 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $4.8M | 19,728 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $4.8M | 27,447 | 0.1% | 2 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $4.7M | 17,435 | 0.1% | 2 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $4.6M | 11,632 | 0.1% | 2 |
| FOCUS FINL PARTNERS INC | [FOCS](https://holderbook.com/stocks/FOCS/) | $4.3M | 89,392 | 0.1% | 2 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $4.3M | 23,160 | 0.1% | 2 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $4.3M | 23,955 | 0.1% | 2 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $4.2M | 59,988 | 0.1% | 2 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $4.1M | 19,772 | 0.1% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $4.0M | 6,842 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $3.8M | 19,017 | 0.1% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.8M | 11,970 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $3.8M | 27,771 | 0.1% | 2 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $3.8M | 15,337 | 0.1% | 2 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $3.7M | 44,976 | 0.1% | 2 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $3.7M | 27,291 | 0.1% | 2 |
| SNAP INC | [SNAP](https://holderbook.com/stocks/SNAP/) | $3.5M | 51,234 | 0.1% | 2 |
| SMARTSHEET INC | [SMAR](https://holderbook.com/stocks/SMAR/) | $3.5M | 47,901 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.4M | 15,250 | 0.1% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.3M | 8 | 0.1% | 2 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.2M | 22,741 | 0.1% | 2 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $3.2M | 8,772 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $3.2M | 22,615 | 0.1% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $3.1M | 61,991 | 0.1% | 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 |
|---|---|---|---|---|
| Q2 2021 | +9.2% | +8.0% | +1.2% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2021 | $3.3B | 381 |
| Q1 2021 | $3.2B | 409 |