# Willingdon Wealth Management

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1577773. Source: https://holderbook.com/funds/1577773-willingdon-wealth-management/

- Reported value: $397.3M
- Positions: 285
- Weight of the ten largest: 35.4%
- Filed: 2020-04-21

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $29.8M | 181,829 | 7.5% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $20.1M | 69,138 | 5.1% | 6 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $18.6M | 125,447 | 4.7% | 6 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $13.5M | 67,911 | 3.4% | 2 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $11.0M | 344,828 | 2.8% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $10.7M | 41,346 | 2.7% | 6 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $9.9M | 132,196 | 2.5% | 4 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $9.7M | 104,306 | 2.4% | 6 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $9.0M | 186,997 | 2.3% | 6 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $8.2M | 152,434 | 2.1% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.2M | 4,184 | 2.1% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $8.1M | 6,976 | 2.0% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $7.7M | 42,184 | 1.9% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $7.3M | 28,307 | 1.8% | 6 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $7.1M | 16,168 | 1.8% | 6 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $7.0M | 24,510 | 1.8% | 6 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $6.4M | 52,786 | 1.6% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $6.3M | 33,808 | 1.6% | 6 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $6.3M | 43,397 | 1.6% | 6 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $6.0M | 182,485 | 1.5% | 6 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $5.9M | 47,484 | 1.5% | 6 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $5.7M | 23,323 | 1.4% | 6 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $5.7M | 46,511 | 1.4% | 1 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $5.6M | 54,298 | 1.4% | 6 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $5.6M | 50,001 | 1.4% | 1 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $5.5M | 24,115 | 1.4% | 6 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $5.5M | 82,587 | 1.4% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.8M | 30,090 | 1.2% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $4.8M | 63,067 | 1.2% | 6 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $4.8M | 79,243 | 1.2% | 6 |
| ISHARES U S ETF TR | [NEAR](https://holderbook.com/stocks/NEAR/) | $4.3M | 88,340 | 1.1% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $4.2M | 95,064 | 1.1% | 6 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $4.2M | 27,779 | 1.1% | 6 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $4.0M | 28,081 | 1.0% | 6 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $4.0M | 251,783 | 1.0% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $4.0M | 35,840 | 1.0% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.0M | 30,271 | 1.0% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $3.9M | 14,333 | 1.0% | 6 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $3.9M | 116,677 | 1.0% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.6M | 21,399 | 0.9% | 6 |
| RAYTHEON CO | [RTN](https://holderbook.com/stocks/RTN/) | $3.3M | 25,532 | 0.8% | 6 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $3.3M | 18,701 | 0.8% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.1M | 72,829 | 0.8% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.9M | 15,367 | 0.7% | 6 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.8M | 23,482 | 0.7% | 6 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.8M | 96,620 | 0.7% | 6 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.7M | 36,828 | 0.7% | 6 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $2.7M | 50,460 | 0.7% | 6 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $2.6M | 192,580 | 0.7% | 2 |
| FIDELITY COVINGTON TRUST | [FDLO](https://holderbook.com/stocks/FDLO/) | $2.5M | 79,319 | 0.6% | 5 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $2.4M | 73,535 | 0.6% | 5 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.4M | 11,756 | 0.6% | 6 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $2.3M | 16,537 | 0.6% | 6 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $2.2M | 53,626 | 0.6% | 6 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.1M | 24,413 | 0.5% | 6 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $2.1M | 28,896 | 0.5% | 6 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $2.1M | 4,526 | 0.5% | 6 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.8M | 33,554 | 0.5% | 6 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $1.8M | 20,768 | 0.5% | 6 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $1.8M | 13,810 | 0.4% | 6 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.7M | 18,282 | 0.4% | 6 |
| ZILLOW GROUP INC | [Z](https://holderbook.com/stocks/Z/) | $1.6M | 45,663 | 0.4% | 6 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $1.6M | 102,440 | 0.4% | 6 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.6M | 13,970 | 0.4% | 6 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $1.5M | 18,648 | 0.4% | 6 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.5M | 38,583 | 0.4% | 6 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $1.5M | 26,241 | 0.4% | 4 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $1.4M | 50,849 | 0.4% | 6 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $1.4M | 11,045 | 0.4% | 6 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.4M | 23,118 | 0.3% | 6 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $1.3M | 3,690 | 0.3% | 6 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.3M | 3,791 | 0.3% | 6 |
| COCA-COLA EUROPACIFIC PARTNE | [CCEP](https://holderbook.com/stocks/CCEP/) | $1.2M | 32,338 | 0.3% | 6 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.2M | 8,717 | 0.3% | 6 |
| ANHEUSER BUSCH INBEV SA/NV | [BUD](https://holderbook.com/stocks/BUD/) | $1.2M | 27,292 | 0.3% | 6 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.2M | 7,213 | 0.3% | 6 |
| REDFIN CORP | [RDFN](https://holderbook.com/stocks/RDFN/) | $1.1M | 69,020 | 0.3% | 6 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $933.0K | 19,575 | 0.2% | 6 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $863.0K | 3,573 | 0.2% | 6 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $859.0K | 10,745 | 0.2% | 6 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $795.0K | 4,869 | 0.2% | 6 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $711.0K | 8,792 | 0.2% | 6 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $646.0K | 19,946 | 0.2% | 2 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $641.0K | 18,728 | 0.2% | 6 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $581.0K | 10,429 | 0.1% | 6 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $475.0K | 22,359 | 0.1% | 6 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $461.0K | 5,586 | 0.1% | 1 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $452.0K | 6,146 | 0.1% | 6 |
| LIBERTY GLOBAL PLC | [LBTYKXXXX](https://holderbook.com/stocks/LBTYKXXXX/) | $418.0K | 26,599 | 0.1% | 6 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $416.0K | 5,269 | 0.1% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $353.0K | 3,656 | 0.1% | 6 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $343.0K | 4,645 | 0.1% | 6 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $338.0K | 4,637 | 0.1% | 6 |
| DUPONT DE NEMOURS INC | [DD](https://holderbook.com/stocks/DD/) | $312.0K | 9,146 | 0.1% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $302.0K | 3,922 | 0.1% | 6 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $273.0K | 1,751 | 0.1% | 6 |
| FIRST CTZNS BANCSHARES INC D | [FCNCA](https://holderbook.com/stocks/FCNCA/) | $266.0K | 800 | 0.1% | 6 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $257.0K | 8,789 | 0.1% | 4 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $249.0K | 9,060 | 0.1% | 5 |
| INVESCO EXCH TRADED FD TR II | [CGW](https://holderbook.com/stocks/CGW/) | $247.0K | 7,447 | 0.1% | 6 |

## 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 | -15.9% | -19.9% | +4.0% | 100% |
| Q4 2019 | +6.5% | +8.5% | -2.0% | 100% |
| Q3 2019 | +2.2% | +1.3% | +0.9% | 100% |
| Q2 2019 | +3.9% | +3.7% | +0.1% | 100% |
| Q1 2019 | +12.2% | +13.0% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $397.3M | 285 |
| Q4 2019 | $486.1M | 367 |
| Q3 2019 | $455.2M | 499 |
| Q2 2019 | $430.8M | 303 |
| Q1 2019 | $407.4M | 359 |
| Q4 2018 | $347.1M | 334 |