# Select Asset Management & Trust

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1600636. Source: https://holderbook.com/funds/1600636-select-asset-management-trust/

- Reported value: $347.3M
- Positions: 79
- Weight of the ten largest: 79.3%
- Filed: 2026-08-11

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $118.5M | 158,695 | 34.1% | 23 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $30.5M | 58,298 | 8.8% | 23 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $28.6M | 120,904 | 8.2% | 23 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $23.1M | 141,613 | 6.7% | 23 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $19.4M | 91,044 | 5.6% | 2 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $16.8M | 20,273 | 4.8% | 23 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $10.4M | 28,301 | 3.0% | 11 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $10.1M | 131,516 | 2.9% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $9.2M | 31,831 | 2.7% | 23 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $9.0M | 13,099 | 2.6% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.9M | 18,574 | 2.0% | 23 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $5.5M | 40,229 | 1.6% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.2M | 15,990 | 1.5% | 23 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $5.0M | 48,325 | 1.4% | 15 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $3.8M | 10,509 | 1.1% | 23 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.6M | 14,967 | 1.0% | 14 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.4M | 6,790 | 1.0% | 23 |
| LUMEXA IMAGING HOLDINGS INC | [LMRI](https://holderbook.com/stocks/LMRI/) | $3.1M | 278,000 | 0.9% | 1 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.7M | 9,996 | 0.8% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.0M | 5,604 | 0.6% | 23 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.7M | 8,695 | 0.5% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.6M | 6,500 | 0.5% | 7 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $1.5M | 20,000 | 0.4% | 18 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $1.2M | 36,121 | 0.3% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $943.0K | 2,640 | 0.3% | 11 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $943.0K | 9,775 | 0.3% | 5 |
| UTZ BRANDS INC | [UTZ](https://holderbook.com/stocks/UTZ/) | $851.0K | 110,519 | 0.2% | 18 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $834.0K | 3,285 | 0.2% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $804.0K | 1,428 | 0.2% | 14 |
| BEACON FINANCIAL CORP. | [BBT](https://holderbook.com/stocks/BBT/) | $795.0K | 26,101 | 0.2% | 23 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $795.0K | 2,312 | 0.2% | 23 |
| BURKE HERBERT FINL SVCS CORP | [BHRB](https://holderbook.com/stocks/BHRB/) | $778.0K | 10,831 | 0.2% | 1 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $773.0K | 4,403 | 0.2% | 21 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $758.0K | 4,573 | 0.2% | 23 |
| ENCOMPASS HEALTH CORP | [EHC](https://holderbook.com/stocks/EHC/) | $747.0K | 7,387 | 0.2% | 18 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $653.0K | 27,116 | 0.2% | 22 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $568.0K | 9,969 | 0.2% | 23 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $549.0K | 7,074 | 0.2% | 18 |
| CIE Financiere Richemon | - | $539.0K | 2,333 | 0.2% | 23 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $538.0K | 10,035 | 0.2% | 19 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $533.0K | 1,038 | 0.2% | 23 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $513.0K | 8,600 | 0.1% | 5 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $503.0K | 2,783 | 0.1% | 23 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $498.0K | 3,876 | 0.1% | 8 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $463.0K | 5,100 | 0.1% | 7 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $458.0K | 3,274 | 0.1% | 6 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $435.0K | 3,162 | 0.1% | 6 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $428.0K | 8,000 | 0.1% | 9 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $413.0K | 3,511 | 0.1% | 18 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $376.0K | 4,288 | 0.1% | 6 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $363.0K | 3,532 | 0.1% | 23 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $357.0K | 4,140 | 0.1% | 23 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $353.0K | 1,028 | 0.1% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $344.0K | 975 | 0.1% | 7 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $333.0K | 4,103 | 0.1% | 6 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $331.0K | 4,630 | 0.1% | 13 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $327.0K | 2,785 | 0.1% | 3 |
| PAYCOM SOFTWARE INC | [PAYC](https://holderbook.com/stocks/PAYC/) | $314.0K | 2,500 | 0.1% | 23 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $312.0K | 308 | 0.1% | 9 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $312.0K | 1,640 | 0.1% | 5 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $308.0K | 3,197 | 0.1% | 8 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $293.0K | 1,000 | 0.1% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $290.0K | 272 | 0.1% | 1 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $282.0K | 723 | 0.1% | 20 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $279.0K | 484 | 0.1% | 11 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $276.0K | 3,818 | 0.1% | 5 |
| Heineken Holding ORD EUR1.6 | - | $275.0K | 3,610 | 0.1% | 23 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $256.0K | 502 | 0.1% | 23 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $245.0K | 666 | 0.1% | 4 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $244.0K | 780 | 0.1% | 5 |
|  | - | $243.0K | 3,101 | 0.1% | 1 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $234.0K | 950 | 0.1% | 1 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $228.0K | 2,000 | 0.1% | 5 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $215.0K | 1,373 | 0.1% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $213.0K | 1,451 | 0.1% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $207.0K | 498 | 0.1% | 1 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $205.0K | 2,817 | 0.1% | 1 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $200.0K | 5,500 | 0.1% | 4 |
| UNDER ARMOUR INC | [UA](https://holderbook.com/stocks/UA/) | $91.0K | 14,607 | 0.0% | 4 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +10.4% | +14.8% | -4.4% | 99% |
| Q1 2026 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2025 | +2.0% | +2.4% | -0.3% | 100% |
| Q3 2025 | +7.2% | +7.8% | -0.6% | 100% |
| Q2 2025 | +7.9% | +10.5% | -2.6% | 100% |
| Q1 2025 | -2.8% | -4.6% | +1.8% | 100% |
| Q4 2024 | -0.1% | +2.1% | -2.2% | 99% |
| Q3 2024 | +7.6% | +5.4% | +2.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $347.3M | 79 |
| Q1 2026 | $320.2M | 77 |
| Q4 2025 | $321.5M | 76 |
| Q3 2025 | $324.8M | 83 |
| Q2 2025 | $291.9M | 78 |
| Q1 2025 | $249.5M | 71 |
| Q4 2024 | $258.0M | 72 |
| Q3 2024 | $271.5M | 69 |
| Q2 2024 | $250.9M | 65 |
| Q1 2024 | $240.7M | 65 |
| Q4 2023 | $203.0M | 67 |
| Q3 2023 | $172.2M | 65 |