# Fernwood Investment Management, LLC

> Institutional holdings reported to the SEC as of Q4 2024 on Form 13F. CIK 1570296. Source: https://holderbook.com/funds/1570296-fernwood-investment-management-llc/

- Reported value: $287.6M
- Positions: 165
- Weight of the ten largest: 38.5%
- Filed: 2025-02-13

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 |
|---|---|---|---|---|---|
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $27.1M | 24,508 | 9.4% | 17 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $12.4M | 49,665 | 4.3% | 25 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $11.8M | 20,140 | 4.1% | 25 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $11.5M | 33,477 | 4.0% | 25 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $10.4M | 77,072 | 3.6% | 25 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.0M | 41,176 | 3.1% | 25 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.8M | 41,013 | 2.7% | 25 |
| BRIDGEBIO PHARMA INC | [BBIO](https://holderbook.com/stocks/BBIO/) | $7.6M | 278,330 | 2.7% | 22 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $6.9M | 8,901 | 2.4% | 21 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $6.2M | 10,475 | 2.2% | 25 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $6.2M | 10,354 | 2.2% | 21 |
| PLIANT THERAPEUTICS INC | [PLRX](https://holderbook.com/stocks/PLRX/) | $5.6M | 425,424 | 1.9% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.5M | 13,023 | 1.9% | 25 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $5.4M | 49,340 | 1.9% | 16 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $5.1M | 232,577 | 1.8% | 25 |
| ISHARES TR | [IYK](https://holderbook.com/stocks/IYK/) | $4.9M | 75,439 | 1.7% | 25 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $4.7M | 20,283 | 1.6% | 25 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $4.2M | 34,761 | 1.5% | 25 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $4.0M | 65,975 | 1.4% | 25 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.8M | 20,050 | 1.3% | 25 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $3.6M | 69,357 | 1.3% | 25 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.6M | 11,446 | 1.3% | 25 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $3.2M | 20,640 | 1.1% | 6 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $3.1M | 13,418 | 1.1% | 25 |
| GOLAR LNG LTD | [GLNG](https://holderbook.com/stocks/GLNG/) | $3.1M | 72,175 | 1.1% | 25 |
| ELASTIC N V | [ESTC](https://holderbook.com/stocks/ESTC/) | $2.8M | 27,850 | 1.0% | 4 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $2.5M | 2,105 | 0.9% | 25 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.4M | 22,607 | 0.8% | 25 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.4M | 5,991 | 0.8% | 14 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $2.4M | 6,915 | 0.8% | 17 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.2M | 12,432 | 0.8% | 25 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $2.1M | 9,440 | 0.7% | 25 |
| FIRST TR EXCHANGE-TRADED FD | [EMLP](https://holderbook.com/stocks/EMLP/) | $2.0M | 56,770 | 0.7% | 25 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.9M | 6,657 | 0.7% | 25 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.9M | 22,005 | 0.7% | 17 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $1.9M | 16,487 | 0.7% | 25 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.9M | 12,858 | 0.6% | 25 |
| FIRST TR EXCHANGE TRADED FD | [FPX](https://holderbook.com/stocks/FPX/) | $1.9M | 15,527 | 0.6% | 20 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $1.8M | 5,156 | 0.6% | 25 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $1.8M | 8,079 | 0.6% | 23 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $1.7M | 19,074 | 0.6% | 22 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $1.7M | 12,233 | 0.6% | 25 |
| ZURN ELKAY WATER SOLNS CORP | [ZWS](https://holderbook.com/stocks/ZWS/) | $1.7M | 44,935 | 0.6% | 2 |
| CERIDIAN HCM HLDG INC | [DAY](https://holderbook.com/stocks/DAY/) | $1.6M | 22,440 | 0.6% | 25 |
| HAWAIIAN ELEC INDS INC MTN B | [HE](https://holderbook.com/stocks/HE/) | $1.6M | 166,250 | 0.6% | 6 |
| MADISON SQUARE GRDN SPRT COR | [MSGS](https://holderbook.com/stocks/MSGS/) | $1.5M | 6,600 | 0.5% | 23 |
| SAFETY INS GROUP INC | [SAFT](https://holderbook.com/stocks/SAFT/) | $1.5M | 17,938 | 0.5% | 20 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $1.5M | 7,550 | 0.5% | 25 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.5M | 3,235 | 0.5% | 25 |
| NEOGENOMICS INC | [NEO](https://holderbook.com/stocks/NEO/) | $1.5M | 88,200 | 0.5% | 19 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $1.4M | 4,316 | 0.5% | 1 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $1.4M | 10,350 | 0.5% | 25 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.3M | 13,105 | 0.5% | 25 |
| MDU RES GROUP INC | [MDU](https://holderbook.com/stocks/MDU/) | $1.2M | 67,412 | 0.4% | 9 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.2M | 5,079 | 0.4% | 25 |
| JASPER THERAPEUTICS INC | [JSPR](https://holderbook.com/stocks/JSPR/) | $1.1M | 52,897 | 0.4% | 5 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $1.1M | 23,450 | 0.4% | 25 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $1.1M | 8,504 | 0.4% | 25 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $1.1M | 12,037 | 0.4% | 25 |
| UNIVERSAL DISPLAY CORP | [OLED](https://holderbook.com/stocks/OLED/) | $1.1M | 7,590 | 0.4% | 25 |
| GLOBAL X FDS | [CLOU](https://holderbook.com/stocks/CLOU/) | $1.1M | 45,635 | 0.4% | 21 |
| SL GREEN RLTY CORP | [SLG](https://holderbook.com/stocks/SLG/) | $1.0M | 15,444 | 0.4% | 13 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $1.0M | 18,614 | 0.4% | 25 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $993.5K | 4,875 | 0.3% | 25 |
| SPDR SERIES TRUST | [FLRN](https://holderbook.com/stocks/FLRN/) | $983.4K | 32,000 | 0.3% | 20 |
| KELLOGG CO | [K](https://holderbook.com/stocks/K/) | $982.6K | 12,135 | 0.3% | 10 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $959.0K | 10,489 | 0.3% | 10 |
| COMSTOCK RES INC | [CRK](https://holderbook.com/stocks/CRK/) | $958.9K | 52,630 | 0.3% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $945.2K | 1,061 | 0.3% | 25 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $877.2K | 7,878 | 0.3% | 25 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $850.7K | 10,650 | 0.3% | 25 |
| EXCHANGE TRADED CONCEPTS TRU | [EMQQ](https://holderbook.com/stocks/EMQQ/) | $849.3K | 24,633 | 0.3% | 25 |
| ALPHATEC HLDGS INC | [ATEC](https://holderbook.com/stocks/ATEC/) | $844.4K | 91,987 | 0.3% | 11 |
| REVOLUTION MEDICINES INC | [RVMD](https://holderbook.com/stocks/RVMD/) | $809.4K | 18,505 | 0.3% | 9 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $794.0K | 17,687 | 0.3% | 25 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $784.6K | 2,017 | 0.3% | 19 |
| LISTED FDS TR | [INFL](https://holderbook.com/stocks/INFL/) | $768.1K | 20,170 | 0.3% | 10 |
| RELAY THERAPEUTICS INC | [RLAY](https://holderbook.com/stocks/RLAY/) | $765.3K | 185,763 | 0.3% | 18 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $761.2K | 10,065 | 0.3% | 14 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $760.4K | 8,575 | 0.3% | 25 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $722.4K | 3,147 | 0.3% | 25 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $711.3K | 9,330 | 0.2% | 25 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $709.9K | 1,957 | 0.2% | 25 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $701.3K | 3,025 | 0.2% | 4 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $673.3K | 7,889 | 0.2% | 25 |
| PIMCO ETF TR | [LDUR](https://holderbook.com/stocks/LDUR/) | $664.9K | 7,000 | 0.2% | 17 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $653.5K | 2,913 | 0.2% | 25 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $651.1K | 7,206 | 0.2% | 16 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $649.9K | 2,877 | 0.2% | 16 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $646.4K | 1,750 | 0.2% | 20 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $633.7K | 11,126 | 0.2% | 19 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $617.0K | 29,283 | 0.2% | 25 |
| JACKSON FINANCIAL INC | [JXN](https://holderbook.com/stocks/JXN/) | $594.3K | 6,825 | 0.2% | 13 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $584.9K | 4,638 | 0.2% | 25 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $582.3K | 5,800 | 0.2% | 6 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $565.7K | 1,525 | 0.2% | 25 |
| WELLS FARGO & CO | [WFCPRL](https://holderbook.com/stocks/WFCPRL/) | $560.1K | 469 | 0.2% | 13 |
| HANCOCK JOHN TAX-ADVANTAGED | [HTD](https://holderbook.com/stocks/HTD/) | $555.2K | 25,215 | 0.2% | 13 |
| OPENLANE INC | [OPLN](https://holderbook.com/stocks/OPLN/) | $539.6K | 27,200 | 0.2% | 19 |
| WISDOMTREE TR | [DEM](https://holderbook.com/stocks/DEM/) | $528.6K | 13,055 | 0.2% | 15 |

## 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 2024 | +4.7% | +2.1% | +2.5% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.1% | 100% |
| Q2 2024 | +1.0% | +4.0% | -3.1% | 100% |
| Q1 2024 | +6.9% | +10.0% | -3.1% | 100% |
| Q4 2023 | +9.8% | +11.2% | -1.4% | 100% |
| Q3 2023 | -1.1% | -3.6% | +2.4% | 101% |
| Q2 2023 | +5.4% | +8.3% | -2.9% | 100% |
| Q1 2023 | +6.2% | +7.0% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2024 | $287.6M | 165 |
| Q3 2024 | $306.8M | 189 |
| Q2 2024 | $322.4M | 198 |
| Q1 2024 | $343.5M | 717 |
| Q4 2023 | $303.3M | 194 |
| Q3 2023 | $278.2M | 190 |
| Q2 2023 | $282.0M | 191 |
| Q1 2023 | $260.5M | 184 |
| Q4 2022 | $241.8M | 182 |
| Q3 2022 | $237.1M | 185 |
| Q2 2022 | $232.1M | 183 |
| Q1 2022 | $285.0M | 200 |