# NuWave Investment Management, LLC

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1536141. Source: https://holderbook.com/funds/1536141-nuwave-investment-management-llc/

- Reported value: $87.2M
- Positions: 269
- Weight of the ten largest: 14.7%
- Filed: 2022-10-21

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 |
|---|---|---|---|---|---|
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $1.9M | 15,936 | 2.1% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.6M | 60,451 | 1.8% | 2 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $1.5M | 9,595 | 1.8% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.2M | 42,006 | 1.4% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.2M | 5,270 | 1.4% | 1 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $1.2M | 5,497 | 1.3% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.1M | 29,172 | 1.3% | 1 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $1.1M | 3,564 | 1.2% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.1M | 16,657 | 1.2% | 2 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $1.0M | 17,219 | 1.1% | 1 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $916.0K | 3,001 | 1.0% | 1 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $897.0K | 11,922 | 1.0% | 3 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $887.0K | 6,565 | 1.0% | 1 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $855.0K | 27,229 | 1.0% | 1 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $844.0K | 11,169 | 1.0% | 16 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $834.0K | 13,573 | 1.0% | 4 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $807.0K | 19,197 | 0.9% | 2 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $763.0K | 2,244 | 0.9% | 1 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $757.0K | 1,376 | 0.9% | 2 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $756.0K | 5,555 | 0.9% | 1 |
| MATCH GROUP INC NEW | [MTCH](https://holderbook.com/stocks/MTCH/) | $737.0K | 15,435 | 0.8% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $737.0K | 2,780 | 0.8% | 1 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $712.0K | 3,479 | 0.8% | 1 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $711.0K | 12,503 | 0.8% | 3 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $708.0K | 3,911 | 0.8% | 1 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $706.0K | 1,827 | 0.8% | 4 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $706.0K | 6,949 | 0.8% | 1 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $701.0K | 3,529 | 0.8% | 1 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $697.0K | 45,427 | 0.8% | 1 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $687.0K | 6,929 | 0.8% | 1 |
| LUMEN TECHNOLOGIES INC | [LUMN](https://holderbook.com/stocks/LUMN/) | $674.0K | 92,641 | 0.8% | 1 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $658.0K | 17,871 | 0.8% | 5 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $656.0K | 2,114 | 0.8% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $653.0K | 10,699 | 0.7% | 1 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $652.0K | 13,485 | 0.7% | 1 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $650.0K | 56,510 | 0.7% | 2 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $649.0K | 3,022 | 0.7% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $649.0K | 1,280 | 0.7% | 1 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $642.0K | 427 | 0.7% | 1 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $627.0K | 20,955 | 0.7% | 5 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $625.0K | 2,571 | 0.7% | 1 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $614.0K | 1,255 | 0.7% | 2 |
| MEDICAL PROPERTIES TRUST INC | [MPT](https://holderbook.com/stocks/MPT/) | $612.0K | 51,607 | 0.7% | 2 |
| ELANCO ANIMAL HEALTH INC | [ELAN](https://holderbook.com/stocks/ELAN/) | $593.0K | 47,784 | 0.7% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $587.0K | 4,649 | 0.7% | 1 |
| PARAMOUNT GLOBAL | [PARA](https://holderbook.com/stocks/PARA/) | $570.0K | 29,931 | 0.7% | 2 |
| TRANSUNION | [TRU](https://holderbook.com/stocks/TRU/) | $569.0K | 9,568 | 0.7% | 2 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $563.0K | 7,230 | 0.6% | 1 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $561.0K | 9,951 | 0.6% | 5 |
| ETSY INC | [ETSY](https://holderbook.com/stocks/ETSY/) | $552.0K | 5,515 | 0.6% | 4 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $551.0K | 2,473 | 0.6% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $550.0K | 12,571 | 0.6% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $546.0K | 10,258 | 0.6% | 3 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $544.0K | 1,628 | 0.6% | 2 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $525.0K | 9,879 | 0.6% | 2 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $522.0K | 7,671 | 0.6% | 1 |
| TEVA PHARMACEUTICAL INDS LTD | [TEVA](https://holderbook.com/stocks/TEVA/) | $515.0K | 63,780 | 0.6% | 1 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $511.0K | 10,702 | 0.6% | 1 |
| DUKE REALTY CORP | [DRE](https://holderbook.com/stocks/DRE/) | $503.0K | 10,445 | 0.6% | 1 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $494.0K | 6,916 | 0.6% | 1 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $490.0K | 7,431 | 0.6% | 4 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $475.0K | 1,796 | 0.5% | 1 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $474.0K | 5,061 | 0.5% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $469.0K | 3,944 | 0.5% | 1 |
| ACTIVISION BLIZZARD INC | [ATVI](https://holderbook.com/stocks/ATVI/) | $462.0K | 6,211 | 0.5% | 3 |
| C H ROBINSON WORLDWIDE IN | [CHRW](https://holderbook.com/stocks/CHRW/) | $457.0K | 4,743 | 0.5% | 2 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $451.0K | 13,842 | 0.5% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $450.0K | 6,719 | 0.5% | 3 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $445.0K | 2,966 | 0.5% | 2 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $439.0K | 3,900 | 0.5% | 1 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $437.0K | 3,954 | 0.5% | 5 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $433.0K | 7,539 | 0.5% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $432.0K | 856 | 0.5% | 1 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $420.0K | 3,548 | 0.5% | 5 |
| WAYFAIR INC | [W](https://holderbook.com/stocks/W/) | $418.0K | 12,845 | 0.5% | 4 |
| BURLINGTON STORES INC | [BURL](https://holderbook.com/stocks/BURL/) | $411.0K | 3,677 | 0.5% | 3 |
| CARVANA CO | [CVNA](https://holderbook.com/stocks/CVNA/) | $409.0K | 20,155 | 0.5% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $407.0K | 4,724 | 0.5% | 5 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $400.0K | 1,440 | 0.5% | 1 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $396.0K | 1,914 | 0.5% | 3 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $395.0K | 2,916 | 0.5% | 2 |
| ZENDESK INC | [ZEN](https://holderbook.com/stocks/ZEN/) | $392.0K | 5,148 | 0.4% | 1 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $390.0K | 2,630 | 0.4% | 1 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $386.0K | 1,725 | 0.4% | 2 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $383.0K | 5,996 | 0.4% | 1 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $376.0K | 6,708 | 0.4% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $376.0K | 1,321 | 0.4% | 1 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $371.0K | 4,330 | 0.4% | 1 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $369.0K | 2,560 | 0.4% | 1 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $366.0K | 2,149 | 0.4% | 1 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $358.0K | 5,594 | 0.4% | 1 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $352.0K | 5,471 | 0.4% | 1 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $351.0K | 6,518 | 0.4% | 4 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $349.0K | 4,450 | 0.4% | 1 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $345.0K | 1,683 | 0.4% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $343.0K | 3,550 | 0.4% | 1 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $343.0K | 3,763 | 0.4% | 1 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $342.0K | 4,831 | 0.4% | 1 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $339.0K | 926 | 0.4% | 2 |
| EPAM SYS INC | [EPAM](https://holderbook.com/stocks/EPAM/) | $338.0K | 933 | 0.4% | 3 |

## 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 2022 | -3.6% | -5.3% | +1.7% | 100% |
| Q2 2022 | -17.3% | -16.5% | -0.9% | 100% |
| Q1 2022 | -2.5% | -4.9% | +2.4% | 100% |
| Q4 2021 | +7.7% | +10.7% | -3.0% | 100% |
| Q3 2021 | -3.5% | +0.3% | -3.7% | 100% |
| Q2 2021 | +9.8% | +8.0% | +1.8% | 100% |
| Q1 2021 | +8.2% | +6.0% | +2.2% | 100% |
| Q4 2020 | +18.4% | +11.6% | +6.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $87.2M | 269 |
| Q2 2022 | $74.8M | 253 |
| Q1 2022 | $74.5M | 262 |
| Q4 2021 | $88.1M | 279 |
| Q3 2021 | $87.5M | 286 |
| Q2 2021 | $89.9M | 319 |
| Q1 2021 | $79.3M | 268 |
| Q4 2020 | $76.4M | 322 |
| Q3 2020 | $65.1M | 528 |
| Q2 2020 | $75.8M | 426 |
| Q1 2020 | $45.8M | 200 |
| Q4 2019 | $102.3M | 423 |