# TITLEIST ASSET MANAGEMENT, LTD.

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1223025. Source: https://holderbook.com/funds/1223025-titleist-asset-management-ltd/

- Reported value: $426.7M
- Positions: 240
- Weight of the ten largest: 35.0%
- Filed: 2023-01-12

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 |
|---|---|---|---|---|---|
| LISTED FD TR | [DIVZ](https://holderbook.com/stocks/DIVZ/) | $32.0M | 1,105,403 | 7.5% | 5 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $22.7M | 184,661 | 5.3% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $17.3M | 45,107 | 4.0% | 5 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $13.9M | 77,130 | 3.2% | 5 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $11.0M | 78,082 | 2.6% | 5 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $10.9M | 19,860 | 2.5% | 5 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $10.7M | 238,667 | 2.5% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.5M | 80,909 | 2.5% | 5 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $10.3M | 170,235 | 2.4% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $10.0M | 57,435 | 2.3% | 5 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $9.2M | 45,369 | 2.1% | 5 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $9.2M | 37,858 | 2.1% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $7.8M | 29,478 | 1.8% | 5 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $7.6M | 100,023 | 1.8% | 5 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $6.1M | 175,663 | 1.4% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.4M | 64,764 | 1.3% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.1M | 35,168 | 1.2% | 5 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $5.1M | 109,530 | 1.2% | 5 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $4.4M | 31,372 | 1.0% | 5 |
| ARK ETF TR | [ARKK](https://holderbook.com/stocks/ARKK/) | $4.3M | 137,193 | 1.0% | 5 |
| GINKGO BIOWORKS HOLDINGS INC | [DNAXXXX](https://holderbook.com/stocks/DNAXXXX/) | $3.9M | 2,309,803 | 0.9% | 5 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.8M | 9,866 | 0.9% | 5 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $3.8M | 57,382 | 0.9% | 5 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $3.7M | 63,359 | 0.9% | 3 |
| PACER FDS TR | [PTNQ](https://holderbook.com/stocks/PTNQ/) | $3.7M | 74,360 | 0.9% | 1 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $3.6M | 47,449 | 0.8% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.5M | 19,991 | 0.8% | 5 |
| VICTORY PORTFOLIOS II | [CDC](https://holderbook.com/stocks/CDC/) | $3.5M | 56,075 | 0.8% | 2 |
| PROSHARES TR | [PSQXXXX](https://holderbook.com/stocks/PSQXXXX/) | $3.5M | 235,582 | 0.8% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.4M | 11,536 | 0.8% | 5 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $3.3M | 41,326 | 0.8% | 5 |
| LEGG MASON ETF INVT | [LVHI](https://holderbook.com/stocks/LVHI/) | $3.1M | 123,162 | 0.7% | 2 |
| SPDR SER TR | [SLY](https://holderbook.com/stocks/SLY/) | $3.1M | 38,109 | 0.7% | 5 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $3.0M | 13,792 | 0.7% | 5 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $2.9M | 36,860 | 0.7% | 5 |
| WISDOMTREE TR | [IHDG](https://holderbook.com/stocks/IHDG/) | $2.8M | 78,196 | 0.7% | 2 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $2.7M | 10,890 | 0.6% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.7M | 20,094 | 0.6% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.6M | 14,652 | 0.6% | 5 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.6M | 8,142 | 0.6% | 5 |
| CHARGEPOINT HOLDINGS INC | [CHPTXXXX](https://holderbook.com/stocks/CHPTXXXX/) | $2.5M | 262,657 | 0.6% | 5 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.5M | 25,951 | 0.6% | 5 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $2.4M | 53,654 | 0.6% | 5 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $2.4M | 47,277 | 0.6% | 2 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $2.3M | 12,093 | 0.5% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.2M | 25,295 | 0.5% | 5 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $2.2M | 76,713 | 0.5% | 5 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $2.1M | 43,754 | 0.5% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.1M | 8,902 | 0.5% | 5 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $2.0M | 11,744 | 0.5% | 5 |
| INVESCO EXCHANGE TRADED FD T | [XMMO](https://holderbook.com/stocks/XMMO/) | $2.0M | 26,141 | 0.5% | 3 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $2.0M | 29,010 | 0.5% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.0M | 6,332 | 0.5% | 5 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.9M | 19,882 | 0.5% | 5 |
| INVESCO EXCH TRADED FD TR II | [EELV](https://holderbook.com/stocks/EELV/) | $1.8M | 79,653 | 0.4% | 2 |
| INVESCO EXCHANGE TRADED FD T | [XSMO](https://holderbook.com/stocks/XSMO/) | $1.8M | 38,174 | 0.4% | 2 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.8M | 21,294 | 0.4% | 5 |
| ISHARES TR | [HEFA](https://holderbook.com/stocks/HEFA/) | $1.8M | 65,423 | 0.4% | 2 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $1.8M | 43,288 | 0.4% | 5 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.7M | 19,087 | 0.4% | 5 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.6M | 7,641 | 0.4% | 5 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.6M | 21,412 | 0.4% | 5 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.6M | 13,540 | 0.4% | 5 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $1.6M | 64,563 | 0.4% | 2 |
| WAYFAIR INC | [W](https://holderbook.com/stocks/W/) | $1.6M | 47,165 | 0.4% | 5 |
| INVESCO EXCHANGE TRADED FD T | [PEY](https://holderbook.com/stocks/PEY/) | $1.5M | 73,947 | 0.4% | 2 |
| DOCUSIGN INC | [DOCU](https://holderbook.com/stocks/DOCU/) | $1.5M | 27,383 | 0.4% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.5M | 13,708 | 0.4% | 5 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $1.5M | 39,048 | 0.3% | 5 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $1.5M | 3,938 | 0.3% | 5 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.5M | 6,101 | 0.3% | 5 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $1.5M | 27,209 | 0.3% | 5 |
| PIONEER NAT RES CO | [PXD](https://holderbook.com/stocks/PXD/) | $1.4M | 6,277 | 0.3% | 5 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $1.4M | 36,667 | 0.3% | 5 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.4M | 55,664 | 0.3% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.3M | 40,024 | 0.3% | 5 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $1.3M | 11,160 | 0.3% | 5 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.3M | 12,724 | 0.3% | 5 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $1.2M | 20,272 | 0.3% | 5 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $1.2M | 24,566 | 0.3% | 5 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $1.2M | 6,069 | 0.3% | 5 |
| AFFIRM HLDGS INC | [AFRM](https://holderbook.com/stocks/AFRM/) | $1.2M | 124,309 | 0.3% | 5 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $1.2M | 12,389 | 0.3% | 5 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $1.2M | 9,913 | 0.3% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.2M | 29,607 | 0.3% | 5 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $1.2M | 6,467 | 0.3% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.2M | 13,108 | 0.3% | 5 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $1.1M | 7,999 | 0.3% | 5 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $1.1M | 70,265 | 0.3% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.1M | 5,494 | 0.3% | 5 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.1M | 17,504 | 0.3% | 5 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.1M | 11,079 | 0.3% | 5 |
| ABRDN ETFS | [BCI](https://holderbook.com/stocks/BCI/) | $1.1M | 50,493 | 0.3% | 5 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.1M | 169,285 | 0.3% | 5 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $1.1M | 7,090 | 0.2% | 5 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $1.0M | 6,631 | 0.2% | 5 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $1.0M | 9,666 | 0.2% | 5 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.0M | 14,434 | 0.2% | 5 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $1.0M | 16,141 | 0.2% | 5 |
| TELADOC HEALTH INC | [TDOC](https://holderbook.com/stocks/TDOC/) | $1.0M | 42,788 | 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 2022 | -1.3% | +7.1% | -8.3% | 100% |
| Q3 2022 | -1.9% | -5.3% | +3.4% | 100% |
| Q2 2022 | -25.4% | -16.5% | -8.9% | 100% |
| Q1 2022 | -11.5% | -4.9% | -6.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $426.7M | 240 |
| Q3 2022 | $436.7M | 228 |
| Q2 2022 | $411.2M | 238 |
| Q1 2022 | $504.0M | 258 |
| Q4 2021 | $520.2M | 240 |