# Sonen Capital LLC

> Institutional holdings reported to the SEC as of Q4 2023 on Form 13F. CIK 1557787. Source: https://holderbook.com/funds/1557787-sonen-capital-llc/

- Reported value: $52.7M
- Positions: 70
- Weight of the ten largest: 42.1%
- Filed: 2024-02-02

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 |
|---|---|---|---|---|---|
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $7.8M | 70,607 | 14.7% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.8M | 10,047 | 7.2% | 9 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.3M | 15,211 | 4.4% | 9 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.5M | 9,049 | 2.8% | 9 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $1.4M | 12,663 | 2.7% | 9 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $1.2M | 9,085 | 2.3% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.1M | 5,767 | 2.1% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.0M | 1,963 | 2.0% | 9 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $1.0M | 4,201 | 2.0% | 9 |
| GARTNER INC | [IT](https://holderbook.com/stocks/IT/) | $1.0M | 2,227 | 1.9% | 9 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $986.6K | 13,031 | 1.9% | 9 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $958.4K | 7,261 | 1.8% | 8 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $945.0K | 4,085 | 1.8% | 9 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $939.2K | 4,730 | 1.8% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $928.0K | 6,643 | 1.8% | 9 |
| EVERPURE INC | [P](https://holderbook.com/stocks/P/) | $914.7K | 25,650 | 1.7% | 4 |
| NUTANIX INC | [NTNX](https://holderbook.com/stocks/NTNX/) | $890.0K | 18,663 | 1.7% | 9 |
| JONES LANG LASALLE INC | [JLL](https://holderbook.com/stocks/JLL/) | $862.9K | 4,569 | 1.6% | 9 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $806.3K | 21,589 | 1.5% | 9 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $780.2K | 8,381 | 1.5% | 9 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $733.9K | 467 | 1.4% | 9 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $711.0K | 13,365 | 1.3% | 2 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $706.2K | 15,446 | 1.3% | 4 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $704.7K | 9,288 | 1.3% | 8 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $697.2K | 4,090 | 1.3% | 9 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $693.6K | 2,636 | 1.3% | 9 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $650.0K | 1,524 | 1.2% | 7 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $636.1K | 6,882 | 1.2% | 9 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $607.9K | 1,115 | 1.2% | 9 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $602.7K | 2,776 | 1.1% | 3 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $597.9K | 8,690 | 1.1% | 9 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $588.0K | 1,786 | 1.1% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $580.6K | 2,230 | 1.1% | 2 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $578.6K | 2,373 | 1.1% | 9 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $541.8K | 1,094 | 1.0% | 9 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $533.4K | 5,124 | 1.0% | 9 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $515.5K | 2,599 | 1.0% | 9 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $466.5K | 1,493 | 0.9% | 9 |
| COOPER COS INC | [COO](https://holderbook.com/stocks/COO/) | $459.8K | 1,215 | 0.9% | 9 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $439.7K | 5,334 | 0.8% | 9 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $433.2K | 2,419 | 0.8% | 9 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $431.4K | 2,134 | 0.8% | 9 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $430.9K | 7,145 | 0.8% | 7 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $424.0K | 3,050 | 0.8% | 9 |
| CORE & MAIN INC | [CNM](https://holderbook.com/stocks/CNM/) | $423.3K | 10,474 | 0.8% | 9 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $422.9K | 3,895 | 0.8% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $421.6K | 1,191 | 0.8% | 4 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $413.5K | 5,320 | 0.8% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $392.6K | 1,956 | 0.7% | 4 |
| STANTEC INC | [STN](https://holderbook.com/stocks/STN/) | $390.1K | 4,838 | 0.7% | 2 |
| TETRA TECH INC NEW | [TTEK](https://holderbook.com/stocks/TTEK/) | $364.9K | 2,186 | 0.7% | 4 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $361.4K | 9,346 | 0.7% | 9 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $329.4K | 1,097 | 0.6% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $301.1K | 446 | 0.6% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $290.8K | 839 | 0.6% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $278.5K | 1,777 | 0.5% | 9 |
| ITRON INC | [ITRI](https://holderbook.com/stocks/ITRI/) | $274.3K | 3,632 | 0.5% | 6 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $271.6K | 3,000 | 0.5% | 5 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $261.1K | 2,719 | 0.5% | 9 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $260.5K | 3,417 | 0.5% | 3 |
| DENTSPLY SIRONA INC | [XRAY](https://holderbook.com/stocks/XRAY/) | $259.2K | 7,282 | 0.5% | 1 |
| TORO CO | [TTC](https://holderbook.com/stocks/TTC/) | $255.7K | 2,664 | 0.5% | 1 |
| ADVANCED DRAIN SYS INC DEL | [WMS](https://holderbook.com/stocks/WMS/) | $249.2K | 1,772 | 0.5% | 8 |
| ALKERMES PLC | [ALKS](https://holderbook.com/stocks/ALKS/) | $242.4K | 8,740 | 0.5% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $236.3K | 962 | 0.4% | 1 |
| CALIFORNIA WTR SVC GROUP | [CWT](https://holderbook.com/stocks/CWT/) | $230.9K | 4,451 | 0.4% | 1 |
| VERALTO CORP | [VLTO](https://holderbook.com/stocks/VLTO/) | $227.8K | 2,769 | 0.4% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $214.0K | 1,381 | 0.4% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $209.4K | 351 | 0.4% | 1 |
| COMPANHIA DE SANEAMENTO BASI | [SBS](https://holderbook.com/stocks/SBS/) | $190.4K | 12,500 | 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 |
|---|---|---|---|---|
| Q4 2023 | +13.4% | +11.2% | +2.2% | 100% |
| Q3 2023 | -6.7% | -3.6% | -3.1% | 100% |
| Q2 2023 | +5.5% | +8.3% | -2.8% | 100% |
| Q1 2023 | +2.9% | +7.0% | -4.2% | 100% |
| Q4 2022 | +6.6% | +7.1% | -0.5% | 100% |
| Q3 2022 | -4.1% | -5.3% | +1.3% | 100% |
| Q2 2022 | -19.1% | -16.5% | -2.6% | 100% |
| Q1 2022 | -8.2% | -4.9% | -3.3% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2023 | $52.7M | 70 |
| Q3 2023 | $50.9M | 75 |
| Q2 2023 | $60.3M | 82 |
| Q1 2023 | $59.0M | 92 |
| Q4 2022 | $61.1M | 93 |
| Q3 2022 | $61.7M | 98 |
| Q2 2022 | $69.9M | 106 |
| Q1 2022 | $82.7M | 91 |
| Q4 2021 | $103.3M | 105 |