# QUANTUM CAPITAL MANAGEMENT

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1280511. Source: https://holderbook.com/funds/1280511-quantum-capital-management/

- Reported value: $89.7M
- Positions: 222
- Weight of the ten largest: 45.3%
- Filed: 2020-11-16

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 |
|---|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $10.4M | 167,660 | 11.6% | 8 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $10.4M | 125,261 | 11.6% | 8 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $7.6M | 67,706 | 8.5% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.4M | 29,539 | 3.8% | 8 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.2M | 6,655 | 2.5% | 8 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.4M | 9,971 | 1.6% | 5 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.4M | 12,058 | 1.6% | 2 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $1.3M | 6,687 | 1.4% | 8 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.3M | 7,561 | 1.4% | 8 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.2M | 4,751 | 1.3% | 8 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.2M | 6,076 | 1.3% | 8 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $1.2M | 65,957 | 1.3% | 8 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $1.2M | 2,793 | 1.3% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.1M | 19,184 | 1.3% | 8 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.1M | 19,020 | 1.3% | 5 |
| WHIRLPOOL CORP | [WHR](https://holderbook.com/stocks/WHR/) | $1.1M | 6,055 | 1.2% | 8 |
| SPIRIT RLTY CAP INC NEW | [SRC](https://holderbook.com/stocks/SRC/) | $1.1M | 32,427 | 1.2% | 8 |
| SMUCKER J M CO | [SJM](https://holderbook.com/stocks/SJM/) | $1.1M | 9,240 | 1.2% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.0M | 19,967 | 1.2% | 8 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $1.0M | 8,762 | 1.1% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $955.0K | 6,830 | 1.1% | 8 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $939.0K | 8,633 | 1.0% | 1 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $934.0K | 3,909 | 1.0% | 8 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $928.0K | 3,521 | 1.0% | 8 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $922.0K | 7,721 | 1.0% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $916.0K | 6,157 | 1.0% | 8 |
| TELEPHONE & DATA SYS INC | [TDS](https://holderbook.com/stocks/TDS/) | $911.0K | 49,422 | 1.0% | 8 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $887.0K | 7,740 | 1.0% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $881.0K | 4,191 | 1.0% | 8 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $855.0K | 5,815 | 1.0% | 6 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $848.0K | 17,151 | 0.9% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $845.0K | 21,476 | 0.9% | 8 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $797.0K | 21,734 | 0.9% | 8 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $785.0K | 21,870 | 0.9% | 8 |
| ARAMARK | [ARMK](https://holderbook.com/stocks/ARMK/) | $778.0K | 29,449 | 0.9% | 8 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $740.0K | 15,778 | 0.8% | 8 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $601.0K | 16,171 | 0.7% | 8 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $597.0K | 13,799 | 0.7% | 8 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $505.0K | 23,284 | 0.6% | 8 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $495.0K | 4,587 | 0.6% | 8 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $456.0K | 1,065 | 0.5% | 5 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $448.0K | 3,488 | 0.5% | 8 |
| ISHARES INC | [EWL](https://holderbook.com/stocks/EWL/) | $437.0K | 10,641 | 0.5% | 2 |
| WISDOMTREE TR | [DLS](https://holderbook.com/stocks/DLS/) | $437.0K | 7,297 | 0.5% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $434.0K | 10,048 | 0.5% | 8 |
| HOLOGIC INC | [HOLX](https://holderbook.com/stocks/HOLX/) | $431.0K | 6,497 | 0.5% | 8 |
| ISHARES TR | [IXJ](https://holderbook.com/stocks/IXJ/) | $431.0K | 6,007 | 0.5% | 8 |
| F5 INC | [FFIV](https://holderbook.com/stocks/FFIV/) | $426.0K | 3,472 | 0.5% | 8 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $425.0K | 8,539 | 0.5% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $419.0K | 1,240 | 0.5% | 6 |
| ISHARES INC | [EWS](https://holderbook.com/stocks/EWS/) | $385.0K | 20,583 | 0.4% | 8 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $362.0K | 1,804 | 0.4% | 8 |
| CDK GLOBAL INC | [CDK](https://holderbook.com/stocks/CDK/) | $357.0K | 8,196 | 0.4% | 7 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $351.0K | 1,075 | 0.4% | 8 |
| ACTIVISION BLIZZARD INC | [ATVI](https://holderbook.com/stocks/ATVI/) | $335.0K | 4,143 | 0.4% | 5 |
| ISHARES TR | [IXP](https://holderbook.com/stocks/IXP/) | $325.0K | 4,933 | 0.4% | 8 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $321.0K | 3,558 | 0.4% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $320.0K | 219 | 0.4% | 8 |
| ISHARES TR | [RXI](https://holderbook.com/stocks/RXI/) | $314.0K | 2,334 | 0.4% | 8 |
| ISHARES TR | [IXG](https://holderbook.com/stocks/IXG/) | $302.0K | 5,702 | 0.3% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $301.0K | 95 | 0.3% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $281.0K | 2,924 | 0.3% | 8 |
| CELANESE CORP DEL | [CE](https://holderbook.com/stocks/CE/) | $278.0K | 2,592 | 0.3% | 8 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $273.0K | 2,247 | 0.3% | 8 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $267.0K | 227 | 0.3% | 8 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $263.0K | 1,770 | 0.3% | 8 |
| ISHARES TR | [EXI](https://holderbook.com/stocks/EXI/) | $260.0K | 2,794 | 0.3% | 8 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $258.0K | 1,465 | 0.3% | 8 |
| BLACKROCK TAX MUNICPAL BD TR | [BBN](https://holderbook.com/stocks/BBN/) | $256.0K | 9,889 | 0.3% | 8 |
| JONES LANG LASALLE INC | [JLL](https://holderbook.com/stocks/JLL/) | $256.0K | 2,678 | 0.3% | 8 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $226.0K | 1,678 | 0.3% | 8 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $218.0K | 3,040 | 0.2% | 5 |
| ISHARES TR | [KXI](https://holderbook.com/stocks/KXI/) | $218.0K | 3,939 | 0.2% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $215.0K | 3,416 | 0.2% | 6 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $212.0K | 1,961 | 0.2% | 7 |
| SIRIUS XM HOLDINGS INC | [SIRIXXXX](https://holderbook.com/stocks/SIRIXXXX/) | $212.0K | 39,652 | 0.2% | 8 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $211.0K | 3,389 | 0.2% | 5 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $202.0K | 5,485 | 0.2% | 8 |
| TEXTRON INC | [TXT](https://holderbook.com/stocks/TXT/) | $182.0K | 5,065 | 0.2% | 6 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $180.0K | 1,800 | 0.2% | 6 |
| AKAMAI TECHNOLOGIES INC | [AKAM](https://holderbook.com/stocks/AKAM/) | $175.0K | 1,592 | 0.2% | 2 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $169.0K | 538 | 0.2% | 5 |
| ASPEN TECHNOLOGY INC | [AZPNXXXX](https://holderbook.com/stocks/AZPNXXXX/) | $162.0K | 1,281 | 0.2% | 7 |
| CHARLES RIV LABS INTL INC | [CRL](https://holderbook.com/stocks/CRL/) | $157.0K | 697 | 0.2% | 5 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $157.0K | 2,646 | 0.2% | 8 |
| BOOZ ALLEN HAMILTON HLDG COR | [BAH](https://holderbook.com/stocks/BAH/) | $148.0K | 1,788 | 0.2% | 7 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $140.0K | 1,215 | 0.2% | 5 |
| VANECK ETF TRUST | [ITM](https://holderbook.com/stocks/ITM/) | $140.0K | 2,748 | 0.2% | 5 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $137.0K | 610 | 0.2% | 5 |
| CITRIX SYS INC | [CTXS](https://holderbook.com/stocks/CTXS/) | $135.0K | 984 | 0.2% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $135.0K | 1,628 | 0.2% | 5 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $134.0K | 139 | 0.1% | 6 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $132.0K | 526 | 0.1% | 6 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $130.0K | 694 | 0.1% | 6 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $130.0K | 1,898 | 0.1% | 5 |
| BRUNSWICK CORP | [BC](https://holderbook.com/stocks/BC/) | $129.0K | 2,194 | 0.1% | 5 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $129.0K | 468 | 0.1% | 5 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $126.0K | 653 | 0.1% | 2 |
| PREMIER INC | [PINC](https://holderbook.com/stocks/PINC/) | $122.0K | 3,732 | 0.1% | 6 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $120.0K | 543 | 0.1% | 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 |
|---|---|---|---|---|
| Q3 2020 | +3.2% | +8.6% | -5.5% | 99% |
| Q2 2020 | +23.7% | +19.6% | +4.1% | 100% |
| Q1 2020 | -28.7% | -19.9% | -8.8% | 100% |
| Q4 2019 | +9.8% | +8.5% | +1.4% | 98% |
| Q3 2019 | +0.5% | +1.3% | -0.8% | 99% |
| Q2 2019 | +0.8% | +3.7% | -2.9% | 97% |
| Q1 2019 | +13.0% | +13.0% | +0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $89.7M | 222 |
| Q2 2020 | $171.3M | 303 |
| Q1 2020 | $149.2M | 310 |
| Q4 2019 | $207.4M | 322 |
| Q3 2019 | $197.3M | 327 |
| Q2 2019 | $182.7M | 159 |
| Q1 2019 | $185.7M | 150 |
| Q4 2018 | $172.3M | 171 |