# NorthCoast Asset Management LLC

> Institutional holdings reported to the SEC as of Q3 2021 on Form 13F. CIK 1456227. Source: https://holderbook.com/funds/1456227-northcoast-asset-management-llc/

- Reported value: $2.7B
- Positions: 426
- Weight of the ten largest: 27.8%
- Filed: 2021-11-15

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 | [IVV](https://holderbook.com/stocks/IVV/) | $161.0M | 373,220 | 5.9% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $122.2M | 863,189 | 4.5% | 7 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $75.2M | 694,901 | 2.7% | 12 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $74.5M | 282,744 | 2.7% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $71.7M | 182,932 | 2.6% | 12 |
| VANECK ETF TRUST | [HYD](https://holderbook.com/stocks/HYD/) | $59.6M | 952,674 | 2.2% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $59.2M | 209,702 | 2.2% | 12 |
| ISHARES INC | [EZU](https://holderbook.com/stocks/EZU/) | $49.0M | 1,018,338 | 1.8% | 12 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $47.8M | 796,049 | 1.7% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $43.9M | 16,422 | 1.6% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $43.7M | 128,715 | 1.6% | 10 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $41.0M | 273,079 | 1.5% | 6 |
| ISHARES U S ETF TR | [HYGH](https://holderbook.com/stocks/HYGH/) | $40.9M | 465,776 | 1.5% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $34.2M | 10,410 | 1.2% | 7 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $33.5M | 199,798 | 1.2% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $33.4M | 77,933 | 1.2% | 7 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $32.8M | 56,902 | 1.2% | 12 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $31.2M | 615,162 | 1.1% | 11 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $31.2M | 663,300 | 1.1% | 4 |
| ISHARES U S ETF TR | [IGBH](https://holderbook.com/stocks/IGBH/) | $30.9M | 1,228,682 | 1.1% | 12 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $29.0M | 264,906 | 1.1% | 10 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $28.9M | 50,621 | 1.1% | 7 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $28.1M | 103,465 | 1.0% | 7 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $27.5M | 212,491 | 1.0% | 9 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $27.4M | 460,386 | 1.0% | 3 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $26.8M | 622,611 | 1.0% | 10 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $26.7M | 241,887 | 1.0% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $26.4M | 244,798 | 1.0% | 7 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $25.7M | 283,746 | 0.9% | 12 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $25.5M | 73,351 | 0.9% | 12 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $24.7M | 211,922 | 0.9% | 6 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $24.5M | 87,486 | 0.9% | 7 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $23.9M | 183,078 | 0.9% | 12 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $23.6M | 106,635 | 0.9% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $22.9M | 69,397 | 0.8% | 8 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $22.8M | 41,955 | 0.8% | 12 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $22.6M | 257,844 | 0.8% | 12 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $21.8M | 473,065 | 0.8% | 2 |
| COTERRA ENERGY INC | [CTRA](https://holderbook.com/stocks/CTRA/) | $21.7M | 998,287 | 0.8% | 12 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $21.6M | 359,733 | 0.8% | 2 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $21.2M | 184,458 | 0.8% | 10 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $20.5M | 196,862 | 0.7% | 1 |
| POLARIS INC | [PII](https://holderbook.com/stocks/PII/) | $18.9M | 157,707 | 0.7% | 3 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $18.5M | 144,970 | 0.7% | 10 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $18.4M | 229,197 | 0.7% | 1 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $18.3M | 50,806 | 0.7% | 4 |
| ISHARES INC | [EPP](https://holderbook.com/stocks/EPP/) | $18.3M | 375,083 | 0.7% | 11 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $18.3M | 69,278 | 0.7% | 1 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $17.3M | 280,324 | 0.6% | 12 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $16.5M | 149,889 | 0.6% | 12 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $16.1M | 135,323 | 0.6% | 12 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $15.2M | 102,353 | 0.6% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $15.0M | 192,643 | 0.5% | 10 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $14.9M | 499,378 | 0.5% | 12 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $14.3M | 312,299 | 0.5% | 11 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $14.1M | 141,090 | 0.5% | 10 |
| FIDELITY COVINGTON TRUST | [FNCL](https://holderbook.com/stocks/FNCL/) | $14.1M | 261,873 | 0.5% | 7 |
| ISHARES TR | [IGLB](https://holderbook.com/stocks/IGLB/) | $13.5M | 194,123 | 0.5% | 12 |
| ARCELORMITTAL SA LUXEMBOURG | [MT](https://holderbook.com/stocks/MT/) | $13.0M | 431,538 | 0.5% | 1 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $12.8M | 145,735 | 0.5% | 5 |
| FIDELITY COVINGTON TRUST | [FIDU](https://holderbook.com/stocks/FIDU/) | $12.7M | 243,723 | 0.5% | 10 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $12.6M | 109,543 | 0.5% | 12 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $11.9M | 539,952 | 0.4% | 12 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $11.7M | 198,138 | 0.4% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $11.0M | 14,227 | 0.4% | 10 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $10.9M | 82,197 | 0.4% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $10.8M | 30,296 | 0.4% | 6 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $10.6M | 296,960 | 0.4% | 3 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $10.3M | 58,932 | 0.4% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.7M | 58,963 | 0.4% | 7 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $9.0M | 128,578 | 0.3% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $9.0M | 88,920 | 0.3% | 12 |
| ISHARES TR | [EWU](https://holderbook.com/stocks/EWU/) | $8.9M | 275,820 | 0.3% | 3 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $8.8M | 227,072 | 0.3% | 9 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $8.8M | 206,020 | 0.3% | 7 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $8.4M | 26,138 | 0.3% | 12 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $8.1M | 91,200 | 0.3% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $8.1M | 151,183 | 0.3% | 12 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $8.0M | 205,312 | 0.3% | 7 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $7.9M | 70,215 | 0.3% | 11 |
| FIDELITY COVINGTON TRUST | [FHLC](https://holderbook.com/stocks/FHLC/) | $7.8M | 122,885 | 0.3% | 11 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $7.7M | 21,485 | 0.3% | 7 |
| FIDELITY COVINGTON TRUST | [FDIS](https://holderbook.com/stocks/FDIS/) | $7.6M | 94,061 | 0.3% | 11 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $7.4M | 135,386 | 0.3% | 5 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $7.3M | 48,576 | 0.3% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $7.2M | 44,556 | 0.3% | 10 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $6.8M | 35,269 | 0.2% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.6M | 24,321 | 0.2% | 7 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $6.5M | 50,579 | 0.2% | 10 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $6.4M | 43,073 | 0.2% | 7 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $6.2M | 20,510 | 0.2% | 7 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $6.1M | 72,228 | 0.2% | 8 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $6.0M | 43,160 | 0.2% | 8 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $6.0M | 61,106 | 0.2% | 12 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $5.9M | 57,775 | 0.2% | 3 |
| TORO CO | [TTC](https://holderbook.com/stocks/TTC/) | $5.9M | 60,340 | 0.2% | 12 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.9M | 2,203 | 0.2% | 7 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $5.7M | 23,637 | 0.2% | 11 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $5.7M | 29,502 | 0.2% | 10 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $5.7M | 77,352 | 0.2% | 7 |

## 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 2021 | -1.2% | +0.3% | -1.4% | 100% |
| Q2 2021 | +6.2% | +8.0% | -1.8% | 100% |
| Q1 2021 | +5.0% | +6.0% | -1.0% | 100% |
| Q4 2020 | +10.9% | +11.6% | -0.7% | 100% |
| Q3 2020 | +6.8% | +8.6% | -1.8% | 100% |
| Q2 2020 | +17.4% | +19.6% | -2.3% | 100% |
| Q1 2020 | -20.4% | -19.9% | -0.5% | 100% |
| Q4 2019 | +6.0% | +8.5% | -2.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2021 | $2.7B | 426 |
| Q2 2021 | $2.8B | 419 |
| Q1 2021 | $2.5B | 398 |
| Q4 2020 | $2.2B | 377 |
| Q3 2020 | $2.0B | 355 |
| Q2 2020 | $1.8B | 340 |
| Q1 2020 | $1.6B | 332 |
| Q4 2019 | $1.6B | 236 |
| Q3 2019 | $1.5B | 225 |
| Q2 2019 | $1.5B | 246 |
| Q1 2019 | $1.5B | 231 |
| Q4 2018 | $1.3B | 209 |