# PWMCO, LLC

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1263568. Source: https://holderbook.com/funds/1263568-pwmco-llc/

- Reported value: $298.9M
- Positions: 57
- Weight of the ten largest: 60.3%
- Filed: 2020-04-17

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 |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $32.6M | 178,449 | 10.9% | 6 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $30.3M | 239,487 | 10.1% | 6 |
| LAMAR ADVERTISING | - | $20.0M | 390,660 | 6.7% | 6 |
| EQUITY LIFESTYLE PROPERTIES | [ELS](https://holderbook.com/stocks/ELS/) | $19.5M | 337,960 | 6.5% | 6 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $15.3M | 121,810 | 5.1% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $13.2M | 100,300 | 4.4% | 6 |
| CASEYS GEN STORES INC | [CASY](https://holderbook.com/stocks/CASY/) | $12.7M | 96,175 | 4.3% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $12.5M | 49,245 | 4.2% | 5 |
| FIRST HORIZON CORPORATION | [FHN](https://holderbook.com/stocks/FHN/) | $12.2M | 1,496,313 | 4.1% | 6 |
| KANSAS CITY SOUTHERN | [KSU](https://holderbook.com/stocks/KSU/) | $11.8M | 92,400 | 3.9% | 6 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $10.8M | 572,225 | 3.6% | 2 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $10.3M | 306,650 | 3.4% | 4 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $8.7M | 510,600 | 2.9% | 6 |
| POTLATCHDELTIC CORPORATION | [PCH](https://holderbook.com/stocks/PCH/) | $7.4M | 235,550 | 2.5% | 6 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $7.3M | 534,100 | 2.4% | 3 |
| F5 INC | [FFIV](https://holderbook.com/stocks/FFIV/) | $6.8M | 63,790 | 2.3% | 1 |
| HOME BANCSHARES INC | [HOMB](https://holderbook.com/stocks/HOMB/) | $5.5M | 462,400 | 1.9% | 2 |
| Plains Group Hldgs LP | - | $5.2M | 927,650 | 1.7% | 6 |
| FIRST CMNTY CORP S C | [FCCO](https://holderbook.com/stocks/FCCO/) | $4.3M | 276,100 | 1.5% | 6 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $4.2M | 121,750 | 1.4% | 2 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $3.4M | 90,203 | 1.1% | 6 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $3.3M | 110,550 | 1.1% | 6 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $3.0M | 29,900 | 1.0% | 6 |
| CEDAR FAIR L P | [FUNXXXX](https://holderbook.com/stocks/FUNXXXX/) | $3.0M | 163,660 | 1.0% | 6 |
| Rolls-Royce Holdings PLC | [RYCEY](https://holderbook.com/stocks/RYCEY/) | $2.7M | 639,700 | 0.9% | 1 |
| 1/100 BERKSHIRE HTWY CLA 100 S | - | $2.7M | 2,720 | 0.9% | 6 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $2.6M | 40,000 | 0.9% | 6 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $2.5M | 15,293 | 0.9% | 6 |
| CCB Financial Corp. | - | $2.5M | 238,150 | 0.8% | 6 |
| KEMET Corp. | - | $2.4M | 100,350 | 0.8% | 3 |
| COHEN & STEERS INC | [CNS](https://holderbook.com/stocks/CNS/) | $2.1M | 46,050 | 0.7% | 6 |
| OMNICELL COM | [OMCL](https://holderbook.com/stocks/OMCL/) | $1.9M | 28,650 | 0.6% | 6 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $1.7M | 12,950 | 0.6% | 6 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $1.7M | 32,800 | 0.6% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.4M | 5,000 | 0.5% | 6 |
| THERMON GROUP HLDGS INC | [THR](https://holderbook.com/stocks/THR/) | $1.2M | 79,000 | 0.4% | 6 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1M | 4,000 | 0.4% | 6 |
| KAISER ALUMINIUM CORPORATION | [KALU](https://holderbook.com/stocks/KALU/) | $1.0M | 15,000 | 0.3% | 6 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $816.0K | 6,000 | 0.3% | 6 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $688.0K | 12,000 | 0.2% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $581.0K | 500 | 0.2% | 6 |
| GOOGLE INC | - | $581.0K | 500 | 0.2% | 6 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $531.0K | 11,600 | 0.2% | 6 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $518.0K | 36,650 | 0.2% | 6 |
| CALAVO GROWERS INC | [CVGW](https://holderbook.com/stocks/CVGW/) | $500.0K | 8,669 | 0.2% | 6 |
| DENTSPLY INTL INC NEW | - | $485.0K | 12,500 | 0.2% | 6 |
| HORMEL FOODS CORP | [HRL](https://holderbook.com/stocks/HRL/) | $466.0K | 10,000 | 0.2% | 6 |
| Irish Continental Group PLC | - | $463.0K | 129,550 | 0.2% | 6 |
| UNIVERSAL HLTH SVCS INC | [UHS](https://holderbook.com/stocks/UHS/) | $398.0K | 3,950 | 0.1% | 6 |
| EVANS BANCORP INC | [EVBN](https://holderbook.com/stocks/EVBN/) | $373.0K | 15,000 | 0.1% | 2 |
| Canadian Tire Corp Ltd | [CDNAF](https://holderbook.com/stocks/CDNAF/) | $302.0K | 5,000 | 0.1% | 6 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $284.0K | 18,800 | 0.1% | 6 |
| HOLLY ENERGY PARTNERS L P | [HEP](https://holderbook.com/stocks/HEP/) | $281.0K | 20,000 | 0.1% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $231.0K | 2,101 | 0.1% | 1 |
| LANDMARK INFRASTRUCTURE LP | [LMRK](https://holderbook.com/stocks/LMRK/) | $216.0K | 20,409 | 0.1% | 6 |
| Vertu Motors Plc Ord | - | $204.0K | 785,000 | 0.1% | 6 |
| SOLESENCE INC | [SLSN](https://holderbook.com/stocks/SLSN/) | $82.0K | 389,838 | 0.0% | 6 |

## 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 2020 | -26.4% | -19.9% | -6.4% | 89% |
| Q4 2019 | +7.1% | +8.5% | -1.3% | 87% |
| Q3 2019 | +2.1% | +1.3% | +0.8% | 88% |
| Q2 2019 | +6.2% | +3.7% | +2.5% | 88% |
| Q1 2019 | +12.6% | +13.0% | -0.4% | 89% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $298.9M | 57 |
| Q4 2019 | $424.2M | 61 |
| Q3 2019 | $395.0M | 57 |
| Q2 2019 | $405.8M | 63 |
| Q1 2019 | $394.9M | 64 |
| Q4 2018 | $346.5M | 65 |