# FIDUCIARY FINANCIAL SERVICES OF THE SOUTHWEST INC /TX

> Institutional holdings reported to the SEC as of Q4 2019 on Form 13F. CIK 1079373. Source: https://holderbook.com/funds/1079373-fiduciary-financial-services-of-the-southwest-inc-tx/

- Reported value: $382.5M
- Positions: 147
- Weight of the ten largest: 29.1%
- Filed: 2020-02-11

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 |
|---|---|---|---|---|---|
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $22.8M | 551,295 | 6.0% | 5 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $13.3M | 57,711 | 3.5% | 5 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $11.0M | 33,724 | 2.9% | 5 |
| GLADSTONE COMMERCIAL CORP | [GOOD](https://holderbook.com/stocks/GOOD/) | $10.1M | 460,682 | 2.6% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $10.1M | 46,103 | 2.6% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.7M | 5,255 | 2.5% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.9M | 30,179 | 2.3% | 5 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $8.7M | 95,550 | 2.3% | 5 |
| MAGELLAN MIDSTREAM PRTNRS LP | [MMP](https://holderbook.com/stocks/MMP/) | $8.6M | 136,658 | 2.2% | 5 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $8.4M | 25,809 | 2.2% | 5 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $7.8M | 44,190 | 2.0% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $7.7M | 48,799 | 2.0% | 5 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $7.5M | 52,825 | 2.0% | 5 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $7.3M | 113,116 | 1.9% | 5 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $7.2M | 29,604 | 1.9% | 5 |
| ROYAL DUTCH SHELL PLC | [RDSB](https://holderbook.com/stocks/RDSB/) | $6.8M | 113,805 | 1.8% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $6.8M | 22,657 | 1.8% | 5 |
| STARWOOD PPTY TR INC | [STWD](https://holderbook.com/stocks/STWD/) | $6.8M | 272,106 | 1.8% | 5 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $6.6M | 168,856 | 1.7% | 5 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $6.1M | 74,063 | 1.6% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.0M | 18,766 | 1.6% | 5 |
| RAYTHEON CO | [RTN](https://holderbook.com/stocks/RTN/) | $5.9M | 26,880 | 1.5% | 5 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $5.8M | 70,943 | 1.5% | 5 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $5.7M | 62,894 | 1.5% | 5 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $5.6M | 439,753 | 1.5% | 5 |
| FIDELITY COMWLTH TR | [ONEQ](https://holderbook.com/stocks/ONEQ/) | $5.3M | 15,179 | 1.4% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.6M | 75,502 | 1.2% | 5 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $4.6M | 11,878 | 1.2% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $4.5M | 15,408 | 1.2% | 5 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $4.5M | 115,641 | 1.2% | 5 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $4.2M | 31,035 | 1.1% | 5 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.1M | 13,970 | 1.1% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.0M | 56,875 | 1.0% | 5 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $3.9M | 10,396 | 1.0% | 5 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $3.6M | 64,486 | 0.9% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.5M | 18,401 | 0.9% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.4M | 2,558 | 0.9% | 5 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $3.3M | 21,526 | 0.9% | 5 |
| HANCOCK JOHN PFD INCOME FD I | [HPF](https://holderbook.com/stocks/HPF/) | $3.3M | 146,342 | 0.9% | 5 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.2M | 22,239 | 0.8% | 5 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $3.2M | 92,516 | 0.8% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.2M | 25,308 | 0.8% | 5 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.7M | 26,693 | 0.7% | 5 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $2.7M | 15,084 | 0.7% | 5 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $2.6M | 66,089 | 0.7% | 5 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $2.6M | 22,949 | 0.7% | 5 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $2.6M | 46,611 | 0.7% | 3 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $2.5M | 7,353 | 0.7% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.5M | 12,196 | 0.7% | 5 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $2.4M | 26,087 | 0.6% | 5 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $2.4M | 11,291 | 0.6% | 5 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $2.4M | 8,604 | 0.6% | 5 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.3M | 48,661 | 0.6% | 5 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.3M | 9,523 | 0.6% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.2M | 14,982 | 0.6% | 5 |
| NUVEEN PFD & INCM SECURTIES | [JPS](https://holderbook.com/stocks/JPS/) | $2.0M | 198,776 | 0.5% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.9M | 15,937 | 0.5% | 5 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $1.9M | 14,982 | 0.5% | 5 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.8M | 5,413 | 0.5% | 5 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.7M | 19,057 | 0.5% | 5 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.7M | 19,636 | 0.5% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.7M | 12,644 | 0.4% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.7M | 7,298 | 0.4% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.6M | 7,606 | 0.4% | 5 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.6M | 28,653 | 0.4% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.5M | 12,715 | 0.4% | 5 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $1.5M | 11,934 | 0.4% | 5 |
| UNITED TECHNOLOGIES CORP | [UTX](https://holderbook.com/stocks/UTX/) | $1.4M | 9,538 | 0.4% | 5 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.4M | 6,747 | 0.4% | 5 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.3M | 6,935 | 0.3% | 5 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.3M | 12,209 | 0.3% | 5 |
| SENIOR HSG PPTYS TR | [SNH](https://holderbook.com/stocks/SNH/) | $1.3M | 156,377 | 0.3% | 5 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.3M | 42,259 | 0.3% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.3M | 9,328 | 0.3% | 5 |
| TC PIPELINES LP | [TCP](https://holderbook.com/stocks/TCP/) | $1.3M | 30,151 | 0.3% | 5 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $1.3M | 10,969 | 0.3% | 4 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.2M | 8,712 | 0.3% | 5 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $1.2M | 32,209 | 0.3% | 5 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.2M | 56,766 | 0.3% | 5 |
| EATON VANCE TAX-MANAGED GLOB | [EXG](https://holderbook.com/stocks/EXG/) | $1.2M | 136,734 | 0.3% | 5 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $1.2M | 4,927 | 0.3% | 5 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.2M | 8,606 | 0.3% | 5 |
| ANNALY CAPITAL MANAGEMENT IN | [NLYXXXX](https://holderbook.com/stocks/NLYXXXX/) | $1.1M | 116,664 | 0.3% | 5 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.1M | 12,718 | 0.3% | 5 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.0M | 5,692 | 0.3% | 5 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.0M | 15,444 | 0.3% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $995.0K | 744 | 0.3% | 5 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $992.0K | 6,373 | 0.3% | 5 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $978.0K | 16,945 | 0.3% | 5 |
| VOYA GLBL EQTY DIV & PREM OP | [IGD](https://holderbook.com/stocks/IGD/) | $931.0K | 150,421 | 0.2% | 5 |
| HEALTHCARE RLTY TR | [HRXXXX](https://holderbook.com/stocks/HRXXXX/) | $922.0K | 27,617 | 0.2% | 5 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $911.0K | 5,163 | 0.2% | 5 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $902.0K | 8,094 | 0.2% | 5 |
| CALAMOS STRATEGIC TOTAL RETU | [CSQ](https://holderbook.com/stocks/CSQ/) | $885.0K | 65,098 | 0.2% | 5 |
| BLACKROCK MUN INCOME TR | [BFK](https://holderbook.com/stocks/BFK/) | $849.0K | 59,916 | 0.2% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $769.0K | 13,120 | 0.2% | 5 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $739.0K | 15,950 | 0.2% | 5 |
| ABRDN HEALTHCARE INVESTORS | [HQH](https://holderbook.com/stocks/HQH/) | $680.0K | 32,563 | 0.2% | 5 |
| BLACKROCK MUNIVEST FD II INC | [MVT](https://holderbook.com/stocks/MVT/) | $670.0K | 45,304 | 0.2% | 5 |
| NUSTAR ENERGY LP | [NS](https://holderbook.com/stocks/NS/) | $658.0K | 25,452 | 0.2% | 5 |

## 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 2019 | +3.7% | +8.5% | -4.7% | 97% |
| Q3 2019 | +2.2% | +1.3% | +0.9% | 100% |
| Q2 2019 | +2.6% | +3.7% | -1.2% | 100% |
| Q1 2019 | +12.8% | +13.0% | -0.2% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2019 | $382.5M | 147 |
| Q3 2019 | $374.3M | 147 |
| Q2 2019 | $353.2M | 146 |
| Q1 2019 | $343.6M | 146 |
| Q4 2018 | $317.0M | 144 |