# APPLETON GROUP, LLC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1454759. Source: https://holderbook.com/funds/1454759-appleton-group-llc/

- Reported value: $28.6M
- Positions: 27
- Weight of the ten largest: 82.1%
- Filed: 2023-11-08

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 |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $15.6M | 220,012 | 54.4% | 4 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $1.9M | 43,740 | 6.8% | 19 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.1M | 4,234 | 3.7% | 2 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $972.7K | 6,407 | 3.4% | 19 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $967.0K | 2,262 | 3.4% | 19 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $842.4K | 11,584 | 2.9% | 19 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $655.9K | 4,839 | 2.3% | 14 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $598.4K | 14,447 | 2.1% | 19 |
| PROSHARES TR | [SDS](https://holderbook.com/stocks/SDS/) | $474.0K | 12,774 | 1.7% | 1 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $454.0K | 3,000 | 1.6% | 7 |
| PROSHARES TR | [TWM](https://holderbook.com/stocks/TWM/) | $388.9K | 24,915 | 1.4% | 1 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $388.6K | 1,822 | 1.4% | 19 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $359.1K | 1,196 | 1.3% | 3 |
| HEALTHEQUITY INC | [HQY](https://holderbook.com/stocks/HQY/) | $356.3K | 4,878 | 1.2% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $356.1K | 4,007 | 1.2% | 2 |
| SPLUNK INC | [SPLK](https://holderbook.com/stocks/SPLK/) | $331.0K | 2,263 | 1.2% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $295.9K | 4,486 | 1.0% | 2 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $285.8K | 3,511 | 1.0% | 4 |
| UNIVERSAL DISPLAY CORP | [OLED](https://holderbook.com/stocks/OLED/) | $285.1K | 1,816 | 1.0% | 1 |
| WILEY JOHN & SONS INC | [WLY](https://holderbook.com/stocks/WLY/) | $281.3K | 7,567 | 1.0% | 1 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $272.4K | 2,589 | 1.0% | 2 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $270.6K | 3,875 | 0.9% | 2 |
| SCANSOURCE INC | [SCSC](https://holderbook.com/stocks/SCSC/) | $266.4K | 8,788 | 0.9% | 1 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $252.7K | 3,904 | 0.9% | 1 |
| UIPATH INC | [PATH](https://holderbook.com/stocks/PATH/) | $252.2K | 14,738 | 0.9% | 1 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $245.0K | 2,710 | 0.9% | 1 |
| NICOLET BANKSHARES INC | [NIC](https://holderbook.com/stocks/NIC/) | $224.3K | 3,215 | 0.8% | 19 |

## 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 2023 | -3.6% | -3.6% | -0.1% | 100% |
| Q2 2023 | +9.5% | +8.3% | +1.2% | 100% |
| Q1 2023 | +3.5% | +7.0% | -3.5% | 100% |
| Q4 2022 | +7.5% | +7.1% | +0.4% | 100% |
| Q3 2022 | -0.8% | -5.3% | +4.5% | 100% |
| Q2 2022 | -16.4% | -16.5% | +0.1% | 100% |
| Q1 2022 | -6.6% | -4.9% | -1.7% | 100% |
| Q4 2021 | +6.6% | +10.7% | -4.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $28.6M | 27 |
| Q2 2023 | $71.6M | 37 |
| Q1 2023 | $51.3M | 32 |
| Q4 2022 | $68.2M | 42 |
| Q3 2022 | $35.0M | 22 |
| Q2 2022 | $17.2M | 26 |
| Q1 2022 | $71.8M | 43 |
| Q4 2021 | $99.7M | 51 |
| Q3 2021 | $116.2M | 42 |
| Q2 2021 | $130.3M | 51 |
| Q1 2021 | $76.5M | 43 |
| Q4 2020 | $102.5M | 33 |