# ALPHA WINDWARD LLC

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1353219. Source: https://holderbook.com/funds/1353219-alpha-windward-llc/

- Reported value: $137.4M
- Positions: 395
- Weight of the ten largest: 25.0%
- Filed: 2020-10-21

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 | [IWR](https://holderbook.com/stocks/IWR/) | $9.8M | 171,083 | 7.1% | 8 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $8.4M | 95,215 | 6.1% | 8 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.4M | 22,582 | 2.5% | 8 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.1M | 9,140 | 2.2% | 8 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $2.4M | 29,253 | 1.8% | 8 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.9M | 29,607 | 1.4% | 8 |
| SPDR SERIES TRUST | [TFI](https://holderbook.com/stocks/TFI/) | $1.7M | 32,843 | 1.2% | 8 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.7M | 14,542 | 1.2% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $998.0K | 4,745 | 0.7% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $972.0K | 8,396 | 0.7% | 8 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $955.0K | 21,671 | 0.7% | 8 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $924.0K | 19,978 | 0.7% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $875.0K | 278 | 0.6% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $805.0K | 2,900 | 0.6% | 8 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $805.0K | 5,638 | 0.6% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $733.0K | 14,160 | 0.5% | 8 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $714.0K | 1,862 | 0.5% | 8 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $691.0K | 3,290 | 0.5% | 2 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $679.0K | 4,558 | 0.5% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $617.0K | 15,658 | 0.4% | 8 |
| ACCENDRA HEALTH INC | [ACH](https://holderbook.com/stocks/ACH/) | $616.0K | 24,540 | 0.4% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $610.0K | 4,100 | 0.4% | 8 |
| KELLOGG CO | [K](https://holderbook.com/stocks/K/) | $586.0K | 9,073 | 0.4% | 8 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $564.0K | 5,472 | 0.4% | 8 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $559.0K | 15,334 | 0.4% | 6 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $558.0K | 1,263 | 0.4% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $550.0K | 1,550 | 0.4% | 8 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $547.0K | 3,296 | 0.4% | 8 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $546.0K | 7,588 | 0.4% | 8 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $545.0K | 15,169 | 0.4% | 8 |
| SHOE STA GROUP INC | [SHOE](https://holderbook.com/stocks/SHOE/) | $542.0K | 16,140 | 0.4% | 2 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $536.0K | 11,536 | 0.4% | 8 |
| BED BATH & BEYOND INC | [BBBYQ](https://holderbook.com/stocks/BBBYQ/) | $529.0K | 35,340 | 0.4% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $525.0K | 3,752 | 0.4% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $519.0K | 1,536 | 0.4% | 8 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $517.0K | 8,940 | 0.4% | 8 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $516.0K | 1,581 | 0.4% | 8 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $515.0K | 2,614 | 0.4% | 8 |
| INTERNATIONAL PAPER CO | [IP](https://holderbook.com/stocks/IP/) | $510.0K | 12,579 | 0.4% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $501.0K | 2,281 | 0.4% | 8 |
| BOYD GAMING CORP | [BYD](https://holderbook.com/stocks/BYD/) | $488.0K | 15,900 | 0.4% | 2 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $488.0K | 14,857 | 0.4% | 8 |
| R1 RCM INC | [RCM](https://holderbook.com/stocks/RCM/) | $488.0K | 28,440 | 0.4% | 2 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $486.0K | 16,576 | 0.4% | 8 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $486.0K | 3,471 | 0.4% | 6 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $476.0K | 1,872 | 0.3% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $476.0K | 4,940 | 0.3% | 8 |
| EASTMAN CHEM CO | [EMN](https://holderbook.com/stocks/EMN/) | $472.0K | 6,046 | 0.3% | 8 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $471.0K | 4,320 | 0.3% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $466.0K | 3,355 | 0.3% | 8 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $465.0K | 9,551 | 0.3% | 7 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $463.0K | 945 | 0.3% | 8 |
| WESTLAKE CORPORATION | [WLK](https://holderbook.com/stocks/WLK/) | $463.0K | 7,320 | 0.3% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $454.0K | 2,133 | 0.3% | 8 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $452.0K | 10,806 | 0.3% | 8 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $449.0K | 3,217 | 0.3% | 8 |
| HUNTSMAN CORP | [HUN](https://holderbook.com/stocks/HUN/) | $449.0K | 20,220 | 0.3% | 2 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $445.0K | 4,440 | 0.3% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $444.0K | 4,083 | 0.3% | 8 |
| SMUCKER J M CO | [SJM](https://holderbook.com/stocks/SJM/) | $443.0K | 3,834 | 0.3% | 2 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $440.0K | 1,221 | 0.3% | 8 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $440.0K | 2,794 | 0.3% | 8 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $439.0K | 2,094 | 0.3% | 8 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $439.0K | 5,379 | 0.3% | 2 |
| AVANGRID INC | [AGR](https://holderbook.com/stocks/AGR/) | $438.0K | 8,673 | 0.3% | 2 |
| NU SKIN ENTERPRISES INC | [NUS](https://holderbook.com/stocks/NUS/) | $436.0K | 8,700 | 0.3% | 2 |
| KRONOS WORLDWIDE INC | [KRO](https://holderbook.com/stocks/KRO/) | $435.0K | 33,840 | 0.3% | 3 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $434.0K | 12,141 | 0.3% | 8 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $433.0K | 14,460 | 0.3% | 2 |
| STEWART INFORMATION SVCS COR | [STC](https://holderbook.com/stocks/STC/) | $433.0K | 9,900 | 0.3% | 8 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $432.0K | 6,284 | 0.3% | 6 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $431.0K | 3,876 | 0.3% | 3 |
| ASTEC INDS INC | [ASTE](https://holderbook.com/stocks/ASTE/) | $430.0K | 7,920 | 0.3% | 2 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $430.0K | 2,037 | 0.3% | 8 |
| ARROW ELECTRS INC | [ARW](https://holderbook.com/stocks/ARW/) | $429.0K | 5,460 | 0.3% | 1 |
| ASSURANT INC | [AIZ](https://holderbook.com/stocks/AIZ/) | $427.0K | 3,517 | 0.3% | 2 |
| MANPOWERGROUP INC WIS | [MAN](https://holderbook.com/stocks/MAN/) | $427.0K | 5,827 | 0.3% | 8 |
| AFFILIATED MANAGERS GROUP | [AMG](https://holderbook.com/stocks/AMG/) | $426.0K | 6,224 | 0.3% | 4 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $425.0K | 3,385 | 0.3% | 8 |
| AVIENT CORPORATION | [AVNT](https://holderbook.com/stocks/AVNT/) | $424.0K | 16,020 | 0.3% | 1 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $424.0K | 3,707 | 0.3% | 8 |
| GRAPHIC PACKAGING HLDG CO | [GPK](https://holderbook.com/stocks/GPK/) | $423.0K | 30,000 | 0.3% | 8 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $423.0K | 607 | 0.3% | 8 |
| SYKES ENTERPRISES INC | [SYKE](https://holderbook.com/stocks/SYKE/) | $423.0K | 12,360 | 0.3% | 1 |
| BOOZ ALLEN HAMILTON HLDG COR | [BAH](https://holderbook.com/stocks/BAH/) | $422.0K | 5,081 | 0.3% | 8 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $422.0K | 12,437 | 0.3% | 4 |
| RELIANCE INC | [RS](https://holderbook.com/stocks/RS/) | $422.0K | 4,133 | 0.3% | 8 |
| M D C HLDGS INC | [MDC](https://holderbook.com/stocks/MDC/) | $421.0K | 8,940 | 0.3% | 8 |
| SCHNITZER STEEL INDS INC | [RDUS](https://holderbook.com/stocks/RDUS/) | $421.0K | 21,900 | 0.3% | 2 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $421.0K | 22,324 | 0.3% | 4 |
| KB HOME | [KBH](https://holderbook.com/stocks/KBH/) | $419.0K | 10,920 | 0.3% | 6 |
| TTM TECHNOLOGIES INC | [TTMI](https://holderbook.com/stocks/TTMI/) | $419.0K | 36,720 | 0.3% | 2 |
| WHIRLPOOL CORP | [WHR](https://holderbook.com/stocks/WHR/) | $419.0K | 2,281 | 0.3% | 5 |
| AZZ INC | [AZZ](https://holderbook.com/stocks/AZZ/) | $418.0K | 12,240 | 0.3% | 3 |
| CANNAE HLDGS INC | [CNNE](https://holderbook.com/stocks/CNNE/) | $418.0K | 11,220 | 0.3% | 5 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $418.0K | 4,452 | 0.3% | 8 |
| NEWS CORP NEW | [NWSA](https://holderbook.com/stocks/NWSA/) | $416.0K | 29,663 | 0.3% | 7 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $415.0K | 9,240 | 0.3% | 1 |
| RUSH ENTERPRISES INC | [RUSHA](https://holderbook.com/stocks/RUSHA/) | $415.0K | 8,220 | 0.3% | 8 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $414.0K | 14,445 | 0.3% | 8 |

## 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 | +5.3% | +8.6% | -3.3% | 99% |
| Q2 2020 | +19.7% | +19.6% | +0.0% | 99% |
| Q1 2020 | -25.5% | -19.9% | -5.6% | 100% |
| Q4 2019 | +6.2% | +8.5% | -2.3% | 100% |
| Q3 2019 | +1.1% | +1.3% | -0.2% | 98% |
| Q2 2019 | +2.6% | +3.7% | -1.1% | 100% |
| Q1 2019 | +10.4% | +13.0% | -2.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $137.4M | 395 |
| Q2 2020 | $130.2M | 405 |
| Q1 2020 | $112.8M | 397 |
| Q4 2019 | $156.9M | 393 |
| Q3 2019 | $147.8M | 398 |
| Q2 2019 | $155.8M | 396 |
| Q1 2019 | $150.0M | 400 |
| Q4 2018 | $136.1M | 395 |