# BIEGEL & WALLER LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1122470. Source: https://holderbook.com/funds/1122470-biegel-waller-llc/

- Reported value: $178.8M
- Positions: 74
- Weight of the ten largest: 65.5%
- Filed: 2019-10-15

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 | [ITOT](https://holderbook.com/stocks/ITOT/) | $23.8M | 354,462 | 13.3% | 4 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $16.5M | 285,962 | 9.2% | 4 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $14.6M | 357,129 | 8.2% | 4 |
| ISHARES INC | [EEMV](https://holderbook.com/stocks/EEMV/) | $12.8M | 224,695 | 7.2% | 4 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $10.9M | 190,535 | 6.1% | 4 |
| SINCLAIR BROADCAST GROUP INC | [SBGI](https://holderbook.com/stocks/SBGI/) | $10.1M | 235,837 | 5.6% | 3 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $8.5M | 146,468 | 4.7% | 4 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $6.7M | 96,410 | 3.7% | 4 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $6.6M | 108,681 | 3.7% | 4 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $6.6M | 133,766 | 3.7% | 4 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $6.5M | 210,210 | 3.6% | 4 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $6.4M | 168,414 | 3.6% | 4 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $5.7M | 98,615 | 3.2% | 4 |
| INGERSOLL-RAND PLC | [IRXXXX](https://holderbook.com/stocks/IRXXXX/) | $3.0M | 24,000 | 1.7% | 4 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $2.9M | 73,823 | 1.6% | 4 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $2.8M | 22,148 | 1.6% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.8M | 9,392 | 1.6% | 4 |
| CATALENT INC | [CTLT](https://holderbook.com/stocks/CTLT/) | $2.1M | 44,500 | 1.2% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.7M | 7,142 | 0.9% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.5M | 6,913 | 0.9% | 4 |
| HOWARD BANCORP INC | [HBMD](https://holderbook.com/stocks/HBMD/) | $1.5M | 115,010 | 0.8% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.5M | 10,626 | 0.8% | 4 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $1.4M | 11,267 | 0.8% | 4 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $1.4M | 19,029 | 0.8% | 4 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.3M | 3,288 | 0.7% | 4 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.2M | 3,222 | 0.7% | 4 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.1M | 6,108 | 0.6% | 4 |
| ALLEGION PLC | [ALLE](https://holderbook.com/stocks/ALLE/) | $1.0M | 9,933 | 0.6% | 4 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $873.0K | 7,481 | 0.5% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $802.0K | 3,692 | 0.4% | 4 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $718.0K | 6,326 | 0.4% | 4 |
| UNITED TECHNOLOGIES CORP | [UTX](https://holderbook.com/stocks/UTX/) | $623.0K | 4,562 | 0.3% | 4 |
| COMERICA INC | [CMA](https://holderbook.com/stocks/CMA/) | $605.0K | 9,168 | 0.3% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $561.0K | 4,337 | 0.3% | 4 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $534.0K | 4,098 | 0.3% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $516.0K | 4,353 | 0.3% | 4 |
| SEALED AIR CORP NEW | [SEE](https://holderbook.com/stocks/SEE/) | $514.0K | 12,391 | 0.3% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $507.0K | 292 | 0.3% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $457.0K | 8,308 | 0.3% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $445.0K | 15,270 | 0.2% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $432.0K | 2,427 | 0.2% | 4 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $420.0K | 2,630 | 0.2% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $386.0K | 3,276 | 0.2% | 4 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $380.0K | 1,718 | 0.2% | 2 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $372.0K | 100 | 0.2% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $370.0K | 7,480 | 0.2% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $365.0K | 1,698 | 0.2% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $355.0K | 1,197 | 0.2% | 4 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $347.0K | 4,706 | 0.2% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $321.0K | 1,865 | 0.2% | 4 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $316.0K | 1,892 | 0.2% | 3 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $315.0K | 546 | 0.2% | 3 |
| GENERAL ELECTRIC CO | [GEXXXX](https://holderbook.com/stocks/GEXXXX/) | $299.0K | 33,494 | 0.2% | 4 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $293.0K | 1,094 | 0.2% | 4 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $283.0K | 5,556 | 0.2% | 4 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $282.0K | 5,580 | 0.2% | 4 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $275.0K | 2,693 | 0.2% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $274.0K | 1,318 | 0.2% | 4 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $269.0K | 5,300 | 0.2% | 4 |
| FRESENIUS MEDICAL CARE AG | [FMS](https://holderbook.com/stocks/FMS/) | $269.0K | 8,000 | 0.2% | 4 |
| AMERICAN AIRLINES GROUP INC | [AAL](https://holderbook.com/stocks/AAL/) | $259.0K | 9,592 | 0.1% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $245.0K | 3,473 | 0.1% | 4 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $240.0K | 3,144 | 0.1% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $231.0K | 3,824 | 0.1% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $220.0K | 1,702 | 0.1% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $205.0K | 2,446 | 0.1% | 3 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $204.0K | 7,147 | 0.1% | 1 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $203.0K | 1,235 | 0.1% | 4 |
| IMMUNOMEDICS INC | [IMMU](https://holderbook.com/stocks/IMMU/) | $172.0K | 13,000 | 0.1% | 4 |
| SIRIUS XM HOLDINGS INC | [SIRIXXXX](https://holderbook.com/stocks/SIRIXXXX/) | $139.0K | 22,161 | 0.1% | 4 |
| MIRAGEN THERAPEUTICS INC | [MGEN](https://holderbook.com/stocks/MGEN/) | $49.0K | 66,508 | 0.0% | 4 |
| CYREN LTD | [CYRN](https://holderbook.com/stocks/CYRN/) | $40.0K | 23,630 | 0.0% | 4 |
| LILIS ENERGY INC | [LLEXQ](https://holderbook.com/stocks/LLEXQ/) | $29.0K | 87,500 | 0.0% | 4 |
| ON TRACK INNOVATION LTD | [OTIVF](https://holderbook.com/stocks/OTIVF/) | $3.0K | 10,000 | 0.0% | 4 |

## 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 2019 | -2.3% | +1.3% | -3.5% | 100% |
| Q2 2019 | +3.6% | +3.7% | -0.1% | 100% |
| Q1 2019 | +10.4% | +13.0% | -2.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $178.8M | 74 |
| Q2 2019 | $195.6M | 80 |
| Q1 2019 | $194.5M | 77 |
| Q4 2018 | $169.2M | 73 |