# Highlander Capital Management, LLC

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1519113. Source: https://holderbook.com/funds/1519113-highlander-capital-management-llc/

- Reported value: $292.3M
- Positions: 951
- Weight of the ten largest: 30.4%
- Filed: 2024-05-20

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $14.1M | 33,443 | 4.8% | 22 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $13.1M | 31,125 | 4.5% | 22 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $12.8M | 25,840 | 4.4% | 22 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.0M | 64,179 | 3.8% | 22 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $9.8M | 27,435 | 3.4% | 22 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $6.6M | 23,315 | 2.3% | 22 |
| CNX RES CORP | [CNX](https://holderbook.com/stocks/CNX/) | $6.0M | 253,900 | 2.1% | 22 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $5.7M | 14,800 | 1.9% | 22 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $5.0M | 9,010 | 1.7% | 22 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.7M | 30,540 | 1.6% | 22 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.5M | 22,687 | 1.6% | 22 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.5M | 6,162 | 1.5% | 22 |
| INGREDION INC | [INGR](https://holderbook.com/stocks/INGR/) | $3.9M | 33,575 | 1.3% | 15 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $3.9M | 67,881 | 1.3% | 22 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.7M | 29,858 | 1.3% | 22 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $3.6M | 9,075 | 1.2% | 22 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $3.2M | 25,100 | 1.1% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.2M | 17,830 | 1.1% | 22 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $3.1M | 39,350 | 1.1% | 22 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.1M | 61,424 | 1.0% | 22 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $3.1M | 14,628 | 1.0% | 13 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.9M | 18,600 | 1.0% | 22 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.7M | 16,819 | 0.9% | 22 |
| GRAPHIC PACKAGING HLDG CO | [GPK](https://holderbook.com/stocks/GPK/) | $2.5M | 86,230 | 0.9% | 14 |
| SOUTH JERSEY INDS INC | - | $2.5M | 3,165,000 | 0.9% | 7 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $2.3M | 22,993 | 0.8% | 21 |
| OAKTREE SPECIALTY LENDING | [OCSL](https://holderbook.com/stocks/OCSL/) | $2.3M | 116,754 | 0.8% | 5 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $2.2M | 11,396 | 0.8% | 22 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.2M | 12,424 | 0.7% | 22 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.1M | 12,903 | 0.7% | 22 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.1M | 33,880 | 0.7% | 22 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.0M | 53,732 | 0.7% | 22 |
| U HAUL HOLDING COMPANY | [UHALB](https://holderbook.com/stocks/UHALB/) | $2.0M | 29,980 | 0.7% | 6 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $2.0M | 46,969 | 0.7% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.9M | 12,650 | 0.7% | 22 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.9M | 6,737 | 0.6% | 22 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.8M | 30,250 | 0.6% | 22 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.7M | 61,324 | 0.6% | 22 |
| CAMPING WORLD HLDGS INC | [CWH](https://holderbook.com/stocks/CWH/) | $1.6M | 58,925 | 0.6% | 22 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $1.6M | 500 | 0.5% | 13 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.6M | 18,006 | 0.5% | 22 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $1.5M | 39,082 | 0.5% | 22 |
| STARWOOD PPTY TR INC | [STWD](https://holderbook.com/stocks/STWD/) | $1.5M | 73,068 | 0.5% | 22 |
| LAKELAND BANCORP INC | [LBAI](https://holderbook.com/stocks/LBAI/) | $1.5M | 121,525 | 0.5% | 22 |
| US TREASURY       BILL24 | - | $1.4M | 1,400,000 | 0.5% | 1 |
| US Treasury 5.000 08/31/25 | - | $1.4M | 1,383,000 | 0.5% | 3 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $1.4M | 10,505 | 0.5% | 19 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.3M | 72,589 | 0.5% | 22 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.3M | 2,710 | 0.5% | 22 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.3M | 9,782 | 0.4% | 22 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.3M | 23,109 | 0.4% | 22 |
| MGIC INVT CORP WIS | [MTG](https://holderbook.com/stocks/MTG/) | $1.2M | 55,830 | 0.4% | 22 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $1.2M | 34,947 | 0.4% | 22 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $1.2M | 11,712 | 0.4% | 22 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $1.2M | 10,035 | 0.4% | 22 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.2M | 4,894 | 0.4% | 22 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.2M | 4,020 | 0.4% | 22 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.2M | 910 | 0.4% | 9 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.2M | 26,888 | 0.4% | 22 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $1.2M | 32,632 | 0.4% | 22 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $1.2M | 61,250 | 0.4% | 12 |
| US TREASUR    NT 5%09/25UST NOTE    DUE 09/30/25 | - | $1.1M | 1,120,000 | 0.4% | 3 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $1.0M | 8,000 | 0.3% | 6 |
| TEVA PHARMACEUTICAL INDS LTD | [TEVA](https://holderbook.com/stocks/TEVA/) | $1.0M | 72,100 | 0.3% | 22 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $1.0M | 5,300 | 0.3% | 22 |
| ARAMARK | [ARMK](https://holderbook.com/stocks/ARMK/) | $1.0M | 31,150 | 0.3% | 17 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $1.0M | 7,650 | 0.3% | 22 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $996.8K | 114,182 | 0.3% | 8 |
| SYNOVUS FINL CORP SUB NT | - | $993.6K | 1,045,000 | 0.3% | 5 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $975.3K | 55,413 | 0.3% | 22 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $964.3K | 5,050 | 0.3% | 22 |
| SEALED AIR CORP NEW | [SEE](https://holderbook.com/stocks/SEE/) | $955.3K | 25,681 | 0.3% | 22 |
| CHEMOURS CO | [CC](https://holderbook.com/stocks/CC/) | $950.5K | 36,196 | 0.3% | 19 |
| ORION S.A. | [OEC](https://holderbook.com/stocks/OEC/) | $949.3K | 40,362 | 0.3% | 22 |
| HERCULES INC | - | $947.7K | 958,000 | 0.3% | 13 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $935.0K | 22,282 | 0.3% | 22 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $932.1K | 5,310 | 0.3% | 11 |
| REAVES UTIL INCOME FD | [UTG](https://holderbook.com/stocks/UTG/) | $928.9K | 34,455 | 0.3% | 22 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $909.9K | 15,698 | 0.3% | 22 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $887.5K | 3,425 | 0.3% | 4 |
| CHEMOURS CO | - | $876.2K | 914,000 | 0.3% | 13 |
| TEXAS CAP BANCSHARES INC | - | $869.0K | 1,007,000 | 0.3% | 6 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $863.6K | 5,800 | 0.3% | 22 |
| OCCIDENTAL PETROLEUM CORP | - | $797.0K | 760,000 | 0.3% | 8 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $795.3K | 4,700 | 0.3% | 22 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $793.6K | 13,715 | 0.3% | 13 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $791.4K | 5,996 | 0.3% | 22 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $781.6K | 865 | 0.3% | 22 |
| FIRST TR EXCHANGE TRADED FD | [SKYY](https://holderbook.com/stocks/SKYY/) | $737.1K | 7,710 | 0.3% | 22 |
| KKR INCOME OPPORTUNITIES FD | [KIO](https://holderbook.com/stocks/KIO/) | $717.3K | 52,976 | 0.2% | 22 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $685.4K | 2,637 | 0.2% | 3 |
| LIBERTY LATIN AMERICA LTD | [LILAK](https://holderbook.com/stocks/LILAK/) | $678.9K | 97,127 | 0.2% | 22 |
| LIBERTY BROADBAND CORP | [LBRDK](https://holderbook.com/stocks/LBRDK/) | $650.1K | 11,360 | 0.2% | 22 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $644.6K | 1,417 | 0.2% | 22 |
| SAFEWAY INC | - | $642.0K | 620,000 | 0.2% | 9 |
| ALBERTSONS INC | - | $640.6K | 657,000 | 0.2% | 17 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $636.4K | 5,475 | 0.2% | 22 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $634.2K | 76,500 | 0.2% | 22 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $611.0K | 10,825 | 0.2% | 14 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $604.7K | 1,156 | 0.2% | 17 |

## 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 |
|---|---|---|---|---|
| Q1 2024 | +6.3% | +10.0% | -3.8% | 85% |
| Q4 2023 | +9.6% | +11.2% | -1.6% | 86% |
| Q3 2023 | -2.5% | -3.6% | +1.1% | 88% |
| Q2 2023 | +6.3% | +8.3% | -2.0% | 87% |
| Q1 2023 | +3.7% | +7.0% | -3.3% | 89% |
| Q4 2022 | +7.7% | +7.1% | +0.6% | 90% |
| Q3 2022 | -5.1% | -5.3% | +0.2% | 90% |
| Q2 2022 | -15.0% | -16.5% | +1.5% | 92% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $292.3M | 951 |
| Q4 2023 | $280.8M | 988 |
| Q3 2023 | $254.4M | 901 |
| Q2 2023 | $215.8M | 669 |
| Q1 2023 | $204.3M | 651 |
| Q4 2022 | $191.2M | 620 |
| Q3 2022 | $174.1M | 606 |
| Q2 2022 | $185.8M | 619 |
| Q1 2022 | $213.7M | 609 |
| Q4 2021 | $216.0M | 593 |
| Q3 2021 | $197.3M | 589 |
| Q2 2021 | $200.2M | 605 |