# Granite Investment Advisors, LLC

> Institutional holdings reported to the SEC as of Q3 2021 on Form 13F. CIK 1464586. Source: https://holderbook.com/funds/1464586-granite-investment-advisors-llc/

- Reported value: $617.7M
- Positions: 177
- Weight of the ten largest: 26.8%
- Filed: 2021-11-08

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $37.1M | 261,869 | 6.0% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $24.3M | 86,142 | 3.9% | 12 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $19.7M | 226,498 | 3.2% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $15.9M | 58,091 | 2.6% | 12 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $15.7M | 161,119 | 2.5% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $11.4M | 70,726 | 1.8% | 12 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $11.0M | 28,110 | 1.8% | 12 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $10.7M | 71,956 | 1.7% | 12 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $10.4M | 88,314 | 1.7% | 12 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $9.4M | 67,320 | 1.5% | 12 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $9.2M | 54,680 | 1.5% | 12 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $9.1M | 163,066 | 1.5% | 12 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $8.9M | 162,523 | 1.4% | 12 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $8.5M | 160,403 | 1.4% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $8.1M | 3,030 | 1.3% | 12 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $8.0M | 39,440 | 1.3% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.0M | 2,428 | 1.3% | 12 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $7.4M | 23,138 | 1.2% | 12 |
| SIEMENS A G            FSPONSORED ADR           1 ADR REPS  0.5  ORD SHS | [SIEGY](https://holderbook.com/stocks/SIEGY/) | $7.3M | 89,260 | 1.2% | 2 |
| ALLEGHANY CORP DEL | [Y](https://holderbook.com/stocks/Y/) | $7.2M | 11,483 | 1.2% | 12 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $6.9M | 135,265 | 1.1% | 12 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $6.8M | 147,260 | 1.1% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.8M | 41,517 | 1.1% | 12 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $6.6M | 37,735 | 1.1% | 12 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $6.6M | 72,652 | 1.1% | 12 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $6.5M | 109,557 | 1.0% | 11 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $6.5M | 40,014 | 1.0% | 12 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $6.5M | 76,350 | 1.0% | 4 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $6.4M | 96,614 | 1.0% | 12 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $6.3M | 40,594 | 1.0% | 7 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $6.3M | 28,594 | 1.0% | 5 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $6.2M | 48,328 | 1.0% | 12 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $6.1M | 116,169 | 1.0% | 12 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $6.0M | 43,272 | 1.0% | 12 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $6.0M | 223,218 | 1.0% | 12 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $6.0M | 28,330 | 1.0% | 12 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $6.0M | 64,359 | 1.0% | 12 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $5.9M | 108,228 | 1.0% | 4 |
| CELANESE CORP DEL | [CE](https://holderbook.com/stocks/CE/) | $5.9M | 38,954 | 0.9% | 10 |
| WESTROCK CO | [WRK](https://holderbook.com/stocks/WRK/) | $5.7M | 113,613 | 0.9% | 8 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $5.6M | 14,190 | 0.9% | 7 |
| ROYAL DUTCH SHELL PLC | [RDSB](https://holderbook.com/stocks/RDSB/) | $5.5M | 125,084 | 0.9% | 12 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $5.5M | 118,013 | 0.9% | 2 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $5.3M | 46,685 | 0.9% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $5.2M | 68,674 | 0.8% | 12 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $5.0M | 25,172 | 0.8% | 12 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $4.9M | 26,924 | 0.8% | 12 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.8M | 23,313 | 0.8% | 8 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $4.7M | 78,085 | 0.8% | 12 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $4.7M | 59,454 | 0.8% | 11 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $4.5M | 15,238 | 0.7% | 3 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $4.5M | 266,380 | 0.7% | 9 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $4.5M | 23,079 | 0.7% | 12 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $4.4M | 24,593 | 0.7% | 12 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $4.3M | 33,422 | 0.7% | 9 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $4.3M | 12,822 | 0.7% | 4 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $4.3M | 7,456 | 0.7% | 12 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $4.2M | 55,067 | 0.7% | 2 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $4.1M | 75,533 | 0.7% | 12 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $4.1M | 51,048 | 0.7% | 12 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.1M | 12,444 | 0.7% | 12 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $4.0M | 7,011 | 0.7% | 11 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $4.0M | 38,939 | 0.6% | 1 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $4.0M | 34,255 | 0.6% | 9 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $3.9M | 131,909 | 0.6% | 12 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $3.9M | 12,967 | 0.6% | 2 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $3.8M | 38,681 | 0.6% | 12 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.7M | 70,721 | 0.6% | 12 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $3.7M | 86,088 | 0.6% | 8 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $3.6M | 84,419 | 0.6% | 12 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.6M | 28,131 | 0.6% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.5M | 10,356 | 0.6% | 2 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $3.4M | 17,497 | 0.5% | 12 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $3.3M | 70,455 | 0.5% | 12 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.1M | 5,104 | 0.5% | 6 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $3.1M | 13,743 | 0.5% | 6 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $3.1M | 27,711 | 0.5% | 12 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $3.0M | 3,044 | 0.5% | 11 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $2.9M | 30,633 | 0.5% | 12 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.9M | 19,817 | 0.5% | 12 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $2.9M | 1,682 | 0.5% | 2 |
| WEST PHARMACEUTICAL SVSC INC | [WST](https://holderbook.com/stocks/WST/) | $2.7M | 6,348 | 0.4% | 1 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $2.7M | 3,174 | 0.4% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.6M | 3,392 | 0.4% | 6 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $2.5M | 9,432 | 0.4% | 2 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $2.4M | 8,637 | 0.4% | 12 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $2.4M | 5,752 | 0.4% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.2M | 5,132 | 0.4% | 12 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $2.2M | 16,847 | 0.3% | 5 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $2.1M | 7,590 | 0.3% | 3 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.0M | 7,703 | 0.3% | 12 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.9M | 8,910 | 0.3% | 12 |
| ALEXANDERS INC | [ALX](https://holderbook.com/stocks/ALX/) | $1.7M | 6,614 | 0.3% | 12 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $1.7M | 24,863 | 0.3% | 12 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.7M | 29,044 | 0.3% | 12 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.6M | 20,782 | 0.3% | 12 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $1.6M | 33,184 | 0.3% | 12 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.5M | 14,893 | 0.2% | 12 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $1.5M | 8,296 | 0.2% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.5M | 29,438 | 0.2% | 12 |

## 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 | -0.9% | +0.3% | -1.1% | 100% |
| Q2 2021 | +6.0% | +8.0% | -2.1% | 100% |
| Q1 2021 | +6.1% | +6.0% | +0.1% | 100% |
| Q4 2020 | +12.6% | +11.6% | +1.0% | 99% |
| Q3 2020 | +9.1% | +8.6% | +0.5% | 100% |
| Q2 2020 | +14.6% | +19.6% | -5.0% | 100% |
| Q1 2020 | -22.5% | -19.9% | -2.6% | 100% |
| Q4 2019 | +7.0% | +8.5% | -1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2021 | $617.7M | 177 |
| Q2 2021 | $638.9M | 185 |
| Q1 2021 | $597.7M | 178 |
| Q4 2020 | $561.9M | 167 |
| Q3 2020 | $511.8M | 165 |
| Q2 2020 | $462.1M | 156 |
| Q1 2020 | $401.6M | 143 |
| Q4 2019 | $530.9M | 166 |
| Q3 2019 | $509.7M | 164 |
| Q2 2019 | $531.7M | 161 |
| Q1 2019 | $519.8M | 153 |
| Q4 2018 | $476.0M | 153 |