# Jolley Asset Management, LLC

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1569117. Source: https://holderbook.com/funds/1569117-jolley-asset-management-llc/

- Reported value: $130.1M
- Positions: 77
- Weight of the ten largest: 32.0%
- Filed: 2020-04-15

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 |
|---|---|---|---|---|---|
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $4.7M | 80,032 | 3.6% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $4.6M | 85,112 | 3.5% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.3M | 55,335 | 3.3% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.2M | 22,985 | 3.2% | 6 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $4.1M | 125,898 | 3.2% | 6 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $4.0M | 68,038 | 3.1% | 2 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $4.0M | 55,467 | 3.1% | 6 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $3.9M | 72,458 | 3.0% | 3 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $3.9M | 46,955 | 3.0% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.9M | 3,329 | 3.0% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.8M | 97,283 | 2.9% | 6 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $3.8M | 40,360 | 2.9% | 6 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.7M | 54,999 | 2.9% | 6 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $3.6M | 28,519 | 2.8% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.3M | 75,354 | 2.6% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.3M | 36,910 | 2.6% | 6 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $3.3M | 153,796 | 2.5% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.2M | 32,878 | 2.4% | 5 |
| SERVICEMASTER GLOBAL HLDGS I | [SERV](https://holderbook.com/stocks/SERV/) | $3.2M | 117,065 | 2.4% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $3.1M | 64,480 | 2.4% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $3.1M | 89,158 | 2.4% | 6 |
| TWITTER INC | [TWTR](https://holderbook.com/stocks/TWTR/) | $3.0M | 123,510 | 2.3% | 1 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $2.9M | 83,554 | 2.2% | 6 |
| RAYTHEON CO | [RTN](https://holderbook.com/stocks/RTN/) | $2.8M | 21,285 | 2.1% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.7M | 10,582 | 2.1% | 6 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $2.7M | 87,799 | 2.1% | 6 |
| BAYER AG ADR | [BAYRY](https://holderbook.com/stocks/BAYRY/) | $2.3M | 160,942 | 1.8% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.1M | 26,113 | 1.6% | 6 |
| MOSAIC CO | [MOS](https://holderbook.com/stocks/MOS/) | $2.1M | 190,359 | 1.6% | 6 |
| ROCHE HLDG AG          FSPONSORED ADR           1 ADR RE  0.125  ORD SHS | [RHHBY](https://holderbook.com/stocks/RHHBY/) | $2.0M | 49,605 | 1.5% | 1 |
| INVESCO LTD | [IVZ](https://holderbook.com/stocks/IVZ/) | $2.0M | 217,724 | 1.5% | 6 |
| HANCOCK JOHN TAX-ADVANTAGED | [HTD](https://holderbook.com/stocks/HTD/) | $1.8M | 102,602 | 1.4% | 2 |
| GABELLI EQUITY TR INC | [GAB](https://holderbook.com/stocks/GAB/) | $1.8M | 412,293 | 1.4% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.5M | 21,245 | 1.2% | 6 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.5M | 27,943 | 1.1% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.4M | 30,352 | 1.1% | 6 |
| GABELLI DIVID & INCOME TR | [GDV](https://holderbook.com/stocks/GDV/) | $1.4M | 91,222 | 1.0% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.1M | 15,038 | 0.9% | 6 |
| EATON VANCE TAX ADV GLOBAL DIV | - | $1.1M | 92,351 | 0.8% | 1 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $1.1M | 79,226 | 0.8% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $801.0K | 21,095 | 0.6% | 6 |
| LIBERTY ALL STAR EQUITY FD | [USA](https://holderbook.com/stocks/USA/) | $758.0K | 156,585 | 0.6% | 2 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $745.0K | 7,232 | 0.6% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $700.0K | 5,826 | 0.5% | 6 |
| ALPINE TOTAL DYNAMIC DIVID F | - | $667.0K | 101,295 | 0.5% | 1 |
| GABELLI MULTIMEDIA TR INC | [GGT](https://holderbook.com/stocks/GGT/) | $654.0K | 120,937 | 0.5% | 2 |
| FOX CORP | [FOX](https://holderbook.com/stocks/FOX/) | $645.0K | 28,197 | 0.5% | 5 |
| DISCOVERY INC | [DISCA](https://holderbook.com/stocks/DISCA/) | $592.0K | 30,445 | 0.5% | 5 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $575.0K | 7,827 | 0.4% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $543.0K | 6,457 | 0.4% | 3 |
| VOYA INFRASTRUCTURE INDLS & | [IDE](https://holderbook.com/stocks/IDE/) | $536.0K | 65,919 | 0.4% | 2 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $462.0K | 20,059 | 0.4% | 5 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $426.0K | 4,291 | 0.3% | 4 |
| EATON VANCE TAX ADVT DIV INC | [EVT](https://holderbook.com/stocks/EVT/) | $414.0K | 24,589 | 0.3% | 2 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $408.0K | 3,365 | 0.3% | 4 |
| BUNGE LIMITED | [BGXXXX](https://holderbook.com/stocks/BGXXXX/) | $358.0K | 8,730 | 0.3% | 6 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $345.0K | 2,231 | 0.3% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $339.0K | 10,094 | 0.3% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $332.0K | 2,103 | 0.3% | 6 |
| AXALTA COATING SYS LTD | [AXTA](https://holderbook.com/stocks/AXTA/) | $331.0K | 19,157 | 0.3% | 6 |
| MEDICAL PROPERTIES TRUST INC | [MPT](https://holderbook.com/stocks/MPT/) | $274.0K | 15,863 | 0.2% | 2 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $271.0K | 5,363 | 0.2% | 1 |
| ALPINE GLOBAL PREMIER PPTYS | - | $240.0K | 56,692 | 0.2% | 1 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $233.0K | 2,018 | 0.2% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $232.0K | 2,105 | 0.2% | 4 |
| COHEN & STEERS INFRASTRUCTUR | [UTF](https://holderbook.com/stocks/UTF/) | $228.0K | 12,075 | 0.2% | 2 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $219.0K | 4,600 | 0.2% | 6 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $219.0K | 1,500 | 0.2% | 6 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $205.0K | 6,050 | 0.2% | 6 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $201.0K | 2,338 | 0.2% | 6 |
| TEKLA LIFE SCIENCES INVESTORS | - | $198.0K | 13,223 | 0.2% | 1 |
| CBRE GBL REAL ESTATE INC FD | [IGR](https://holderbook.com/stocks/IGR/) | $171.0K | 32,579 | 0.1% | 2 |
| CALAMOS STRATEGIC TOTAL RETU | [CSQ](https://holderbook.com/stocks/CSQ/) | $158.0K | 16,179 | 0.1% | 2 |
| Blueharbor Bank | [BLHK](https://holderbook.com/stocks/BLHK/) | $135.0K | 16,330 | 0.1% | 1 |
| F N B CORP | [FNB](https://holderbook.com/stocks/FNB/) | $134.0K | 18,151 | 0.1% | 2 |
| BLACKROCK ENHANCED EQUITY DI | [BDJ](https://holderbook.com/stocks/BDJ/) | $69.0K | 10,525 | 0.1% | 2 |
| BLACKROCK RES & COMMODITIES | [BCX](https://holderbook.com/stocks/BCX/) | $67.0K | 13,200 | 0.1% | 1 |

## 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 2020 | -26.3% | -19.9% | -6.3% | 100% |
| Q4 2019 | +9.8% | +8.5% | +1.4% | 100% |
| Q3 2019 | -1.1% | +1.3% | -2.3% | 100% |
| Q2 2019 | +5.3% | +3.7% | +1.6% | 100% |
| Q1 2019 | +8.9% | +13.0% | -4.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $130.1M | 77 |
| Q4 2019 | $175.8M | 74 |
| Q3 2019 | $153.8M | 59 |
| Q2 2019 | $155.8M | 60 |
| Q1 2019 | $138.2M | 53 |
| Q4 2018 | $130.4M | 54 |