# TRADITION CAPITAL MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q1 2019 on Form 13F. CIK 1166385. Source: https://holderbook.com/funds/1166385-tradition-capital-management-llc/

- Reported value: $368.6M
- Positions: 183
- Weight of the ten largest: 22.2%
- Filed: 2019-05-07

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 |
|---|---|---|---|---|---|
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $9.6M | 68,860 | 2.6% | 2 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $9.3M | 24,413 | 2.5% | 2 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $8.8M | 78,129 | 2.4% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $8.6M | 30,410 | 2.3% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.3M | 70,805 | 2.3% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $8.0M | 99,866 | 2.2% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $7.8M | 124,746 | 2.1% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.4M | 73,044 | 2.0% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $7.0M | 84,183 | 1.9% | 2 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $7.0M | 214,284 | 1.9% | 2 |
| WILLIS TOWERS WATSON PLC LTD | [WTW](https://holderbook.com/stocks/WTW/) | $6.9M | 39,384 | 1.9% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $6.3M | 117,575 | 1.7% | 2 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $6.1M | 128,821 | 1.7% | 2 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $6.1M | 29,235 | 1.6% | 2 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $5.8M | 178,489 | 1.6% | 2 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $5.8M | 61,327 | 1.6% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $5.7M | 105,950 | 1.6% | 2 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $5.6M | 58,326 | 1.5% | 2 |
| WHIRLPOOL CORP | [WHR](https://holderbook.com/stocks/WHR/) | $5.6M | 42,011 | 1.5% | 2 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $5.6M | 25,767 | 1.5% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.5M | 28,910 | 1.5% | 2 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $5.5M | 54,866 | 1.5% | 2 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $5.3M | 19,307 | 1.4% | 2 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $4.9M | 165,575 | 1.3% | 2 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $4.4M | 47,495 | 1.2% | 2 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $4.4M | 75,531 | 1.2% | 2 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $4.3M | 42,425 | 1.2% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $4.1M | 51,264 | 1.1% | 2 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $4.1M | 42,577 | 1.1% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $4.0M | 28,684 | 1.1% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.0M | 3,433 | 1.1% | 2 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $4.0M | 114,333 | 1.1% | 2 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $4.0M | 58,493 | 1.1% | 2 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $3.9M | 32,105 | 1.1% | 2 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $3.9M | 21,525 | 1.1% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $3.7M | 35,007 | 1.0% | 2 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $3.6M | 32,587 | 1.0% | 2 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $3.6M | 38,195 | 1.0% | 2 |
| LINCOLN NATL CORP IND | [LNC](https://holderbook.com/stocks/LNC/) | $3.6M | 61,050 | 1.0% | 1 |
| ROYAL DUTCH SHELL PLC | [RDSB](https://holderbook.com/stocks/RDSB/) | $3.4M | 52,604 | 0.9% | 2 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $3.2M | 27,375 | 0.9% | 2 |
| Elements US Portfolio | - | $3.0M | 255,275 | 0.8% | 2 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $2.9M | 67,121 | 0.8% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.9M | 26,679 | 0.8% | 2 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $2.9M | 21,673 | 0.8% | 1 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $2.8M | 22,628 | 0.8% | 2 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $2.7M | 56,496 | 0.7% | 2 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $2.7M | 16,618 | 0.7% | 2 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $2.6M | 13,805 | 0.7% | 2 |
| Van Eck Emerg Mkt Cl Y | - | $2.6M | 154,690 | 0.7% | 2 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $2.5M | 109,327 | 0.7% | 2 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $2.5M | 16,389 | 0.7% | 2 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $2.5M | 194,328 | 0.7% | 2 |
| Mirae Asset Emerging Markets-I | - | $2.5M | 213,272 | 0.7% | 2 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $2.4M | 13,368 | 0.7% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.4M | 21,187 | 0.6% | 2 |
| HORIZON BANCORP IND | [HBNC](https://holderbook.com/stocks/HBNC/) | $2.3M | 143,954 | 0.6% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.3M | 21,068 | 0.6% | 2 |
| Dream Global Real Estate Inves | - | $2.2M | 209,920 | 0.6% | 2 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $2.2M | 31,375 | 0.6% | 2 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $2.1M | 23,333 | 0.6% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.0M | 12,110 | 0.5% | 2 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $2.0M | 11,437 | 0.5% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.0M | 33,932 | 0.5% | 2 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $1.9M | 50,877 | 0.5% | 2 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $1.9M | 21,145 | 0.5% | 2 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $1.8M | 60,707 | 0.5% | 2 |
| NORWEGIAN CRUISE LINE HLDGS | [NCLH](https://holderbook.com/stocks/NCLH/) | $1.8M | 33,385 | 0.5% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.8M | 7,538 | 0.5% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.8M | 9,389 | 0.5% | 2 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $1.7M | 12,080 | 0.5% | 2 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.7M | 6,889 | 0.5% | 2 |
| AON PLC | [AONXXXX](https://holderbook.com/stocks/AONXXXX/) | $1.7M | 9,805 | 0.5% | 2 |
| SPDR SERIES TRUST | [SPYD](https://holderbook.com/stocks/SPYD/) | $1.6M | 43,335 | 0.4% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.6M | 8,710 | 0.4% | 2 |
| LANDSTAR SYS INC | [LSTR](https://holderbook.com/stocks/LSTR/) | $1.5M | 14,007 | 0.4% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.5M | 12,252 | 0.4% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.4M | 11,558 | 0.4% | 2 |
| PRIMECAP ODYSSEY STOCK | - | $1.4M | 44,324 | 0.4% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.4M | 17,493 | 0.4% | 2 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.4M | 8,991 | 0.4% | 2 |
| HAIN CELESTIAL GROUP INC | [HAIN](https://holderbook.com/stocks/HAIN/) | $1.4M | 60,560 | 0.4% | 2 |
| Airbus Group Se | [EADSY](https://holderbook.com/stocks/EADSY/) | $1.4M | 42,155 | 0.4% | 2 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.3M | 6,685 | 0.4% | 2 |
| ENCANA CORP | [ECA](https://holderbook.com/stocks/ECA/) | $1.3M | 176,150 | 0.3% | 2 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $1.2M | 27,623 | 0.3% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.2M | 24,918 | 0.3% | 2 |
| JPMORGAN GROWTH ADVANTAGE I | - | $1.2M | 54,088 | 0.3% | 2 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $1.2M | 22,060 | 0.3% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.2M | 20,445 | 0.3% | 2 |
| DXC TECHNOLOGY CO | [DXC](https://holderbook.com/stocks/DXC/) | $1.1M | 17,702 | 0.3% | 1 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $1.1M | 8,725 | 0.3% | 2 |
| GRANITE CONSTR INC | [GVA](https://holderbook.com/stocks/GVA/) | $1.1M | 25,180 | 0.3% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.1M | 8,325 | 0.3% | 2 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.0M | 5,388 | 0.3% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.0M | 5,816 | 0.3% | 2 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $989.0K | 6,835 | 0.3% | 2 |
| RANGE RES CORP | [RRC](https://holderbook.com/stocks/RRC/) | $971.0K | 86,475 | 0.3% | 2 |
| ROYAL DUTCH SHELL PLC | [RDSA](https://holderbook.com/stocks/RDSA/) | $963.0K | 15,395 | 0.3% | 2 |
| WHITEHORSE FIN INC | [WHF](https://holderbook.com/stocks/WHF/) | $943.0K | 66,446 | 0.3% | 1 |

## 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 |
|---|---|---|---|---|
| Q1 2019 | +12.3% | +13.0% | -0.8% | 93% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2019 | $368.6M | 183 |
| Q4 2018 | $319.9M | 176 |