# 10-15 ASSOCIATES, INC.

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1511144. Source: https://holderbook.com/funds/1511144-10-15-associates-inc/

- Reported value: $515.7M
- Positions: 93
- Weight of the ten largest: 36.6%
- Filed: 2020-10-13

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 |
|---|---|---|---|---|---|
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $39.2M | 658,274 | 7.6% | 8 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $23.9M | 159,538 | 4.6% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $20.8M | 98,695 | 4.0% | 8 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $15.8M | 70,055 | 3.1% | 8 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $15.7M | 105,623 | 3.0% | 8 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $15.0M | 108,034 | 2.9% | 8 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $14.9M | 242,325 | 2.9% | 8 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $14.8M | 178,038 | 2.9% | 8 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $14.4M | 103,908 | 2.8% | 8 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $14.2M | 307,233 | 2.8% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $14.1M | 146,354 | 2.7% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $13.9M | 267,636 | 2.7% | 8 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $13.9M | 377,404 | 2.7% | 8 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $13.3M | 79,596 | 2.6% | 8 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $13.2M | 49,094 | 2.6% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $13.1M | 112,854 | 2.5% | 8 |
| GLAXOSMITHKLINE PLC | [GSKXXXX](https://holderbook.com/stocks/GSKXXXX/) | $12.8M | 339,263 | 2.5% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $12.0M | 303,940 | 2.3% | 8 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $11.7M | 197,350 | 2.3% | 1 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $11.1M | 157,552 | 2.2% | 8 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $11.1M | 95,575 | 2.2% | 8 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $10.9M | 28,386 | 2.1% | 8 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $10.8M | 314,287 | 2.1% | 8 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $10.4M | 30,912 | 2.0% | 7 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $10.2M | 73,692 | 2.0% | 4 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $9.4M | 60,295 | 1.8% | 5 |
| ROYAL DUTCH SHELL PLC | [RDSB](https://holderbook.com/stocks/RDSB/) | $8.8M | 361,978 | 1.7% | 8 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $6.9M | 436,885 | 1.3% | 8 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $5.9M | 35,554 | 1.1% | 8 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $5.6M | 77,750 | 1.1% | 8 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $4.8M | 107,972 | 0.9% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $4.6M | 18,086 | 0.9% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.2M | 1,327 | 0.8% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.1M | 2,780 | 0.8% | 8 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $3.8M | 49,558 | 0.7% | 8 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.6M | 29,415 | 0.7% | 8 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $3.4M | 13,552 | 0.7% | 8 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $3.2M | 37,410 | 0.6% | 8 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $3.2M | 24,507 | 0.6% | 4 |
| CANADIAN PAC RY LTD | [CPXXXX](https://holderbook.com/stocks/CPXXXX/) | $3.0M | 9,974 | 0.6% | 8 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $2.9M | 95,171 | 0.6% | 2 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $2.9M | 67,600 | 0.6% | 7 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $2.8M | 26,772 | 0.5% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.8M | 115,516 | 0.5% | 8 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $2.8M | 16,758 | 0.5% | 8 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $2.7M | 26,323 | 0.5% | 3 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $2.7M | 9,026 | 0.5% | 8 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $2.6M | 47,287 | 0.5% | 7 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $2.5M | 17,090 | 0.5% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.5M | 28,537 | 0.5% | 8 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $2.5M | 40,698 | 0.5% | 4 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $2.4M | 27,020 | 0.5% | 8 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $2.4M | 40,990 | 0.5% | 8 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $2.2M | 56,791 | 0.4% | 8 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $2.2M | 46,635 | 0.4% | 5 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $2.2M | 8,593 | 0.4% | 7 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $2.2M | 58,672 | 0.4% | 3 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $2.1M | 17,666 | 0.4% | 8 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $2.1M | 31,335 | 0.4% | 2 |
| XILINX INC | [XLNX](https://holderbook.com/stocks/XLNX/) | $2.0M | 19,502 | 0.4% | 8 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $1.9M | 105,050 | 0.4% | 1 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $1.8M | 34,195 | 0.3% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.7M | 48,666 | 0.3% | 8 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $1.5M | 8,318 | 0.3% | 8 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.5M | 123,019 | 0.3% | 8 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.1M | 3,133 | 0.2% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $959.0K | 3,454 | 0.2% | 8 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $811.0K | 28,454 | 0.2% | 8 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $801.0K | 1,868 | 0.2% | 2 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $759.0K | 5,606 | 0.1% | 8 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $708.0K | 2,550 | 0.1% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $666.0K | 12,705 | 0.1% | 8 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $630.0K | 6,288 | 0.1% | 6 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $614.0K | 2,212 | 0.1% | 8 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $501.0K | 4,117 | 0.1% | 8 |
| STERLING BANCORP DEL | [STL](https://holderbook.com/stocks/STL/) | $499.0K | 47,415 | 0.1% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $474.0K | 1,811 | 0.1% | 8 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $446.0K | 3,580 | 0.1% | 7 |
| BOSTON BEER INC | [SAM](https://holderbook.com/stocks/SAM/) | $420.0K | 475 | 0.1% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $417.0K | 1,233 | 0.1% | 8 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $405.0K | 2,827 | 0.1% | 8 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $360.0K | 6,715 | 0.1% | 7 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $327.0K | 4,205 | 0.1% | 8 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $318.0K | 2,704 | 0.1% | 2 |
| VANECK ETF TRUST | [MOO](https://holderbook.com/stocks/MOO/) | $278.0K | 4,112 | 0.1% | 8 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $246.0K | 440 | 0.0% | 3 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $231.0K | 1,502 | 0.0% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $205.0K | 4,151 | 0.0% | 8 |
| SIRIUS XM HOLDINGS INC | [SIRIXXXX](https://holderbook.com/stocks/SIRIXXXX/) | $134.0K | 24,948 | 0.0% | 8 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $97.0K | 14,613 | 0.0% | 8 |
| FRANKLIN STR PPTYS CORP | [FSP](https://holderbook.com/stocks/FSP/) | $75.0K | 20,580 | 0.0% | 6 |
| ENDO INTL PLC | [ENDPQ](https://holderbook.com/stocks/ENDPQ/) | $40.0K | 12,021 | 0.0% | 3 |
| VISTRA CORP | [VSTWSA](https://holderbook.com/stocks/VSTWSA/) | $6.0K | 10,194 | 0.0% | 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 | +5.1% | +8.6% | -3.5% | 100% |
| Q2 2020 | +15.3% | +19.6% | -4.4% | 100% |
| Q1 2020 | -22.0% | -19.9% | -2.1% | 100% |
| Q4 2019 | +6.2% | +8.5% | -2.2% | 100% |
| Q3 2019 | +1.3% | +1.3% | -0.0% | 100% |
| Q2 2019 | +2.1% | +3.7% | -1.6% | 100% |
| Q1 2019 | +13.1% | +13.0% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $515.7M | 93 |
| Q2 2020 | $495.9M | 97 |
| Q1 2020 | $429.1M | 93 |
| Q4 2019 | $529.8M | 101 |
| Q3 2019 | $485.9M | 98 |
| Q2 2019 | $460.9M | 99 |
| Q1 2019 | $465.5M | 98 |
| Q4 2018 | $408.7M | 92 |