# Gratus Capital, LLC

> Institutional holdings reported to the SEC as of Q2 2024 on Form 13F. CIK 1652103. Source: https://holderbook.com/funds/1652103-gratus-capital-llc/

- Reported value: $2.5B
- Positions: 371
- Weight of the ten largest: 35.8%
- Filed: 2024-07-25

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $197.5M | 1,598,886 | 7.9% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $194.3M | 866,440 | 7.8% | 23 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $133.5M | 356,984 | 5.3% | 10 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $85.8M | 1,180,715 | 3.4% | 7 |
| ANGEL OAK FUNDS TRUST | [UYLD](https://holderbook.com/stocks/UYLD/) | $56.7M | 1,113,506 | 2.3% | 7 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $53.5M | 92,732 | 2.1% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $51.8M | 115,907 | 2.1% | 23 |
| VANGUARD SCOTTSDALE FDS | [VTHR](https://holderbook.com/stocks/VTHR/) | $46.6M | 194,586 | 1.9% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $37.3M | 91,602 | 1.5% | 23 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $36.6M | 67,278 | 1.5% | 23 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $35.0M | 173,117 | 1.4% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $34.5M | 189,391 | 1.4% | 23 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $32.6M | 163,743 | 1.3% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $31.7M | 467,519 | 1.3% | 23 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $30.8M | 484,480 | 1.2% | 23 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $29.5M | 139,344 | 1.2% | 23 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $28.4M | 33,371 | 1.1% | 23 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $28.3M | 41,882 | 1.1% | 8 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $27.8M | 550,609 | 1.1% | 10 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $26.4M | 622,226 | 1.1% | 23 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $25.6M | 181,408 | 1.0% | 15 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $24.2M | 419,637 | 1.0% | 16 |
| INVESCO EXCHANGE TRADED FD T | [XMHQ](https://holderbook.com/stocks/XMHQ/) | $23.8M | 244,957 | 1.0% | 2 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $23.4M | 232,682 | 0.9% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $22.3M | 44,308 | 0.9% | 17 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $22.2M | 493,092 | 0.9% | 11 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $21.9M | 20,568 | 0.9% | 8 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $21.6M | 322,098 | 0.9% | 23 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $20.5M | 134,661 | 0.8% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $20.4M | 129,670 | 0.8% | 23 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $20.1M | 162,476 | 0.8% | 23 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $19.9M | 102,459 | 0.8% | 23 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $19.8M | 42,353 | 0.8% | 23 |
| VIRTU FINL INC | [VIRT](https://holderbook.com/stocks/VIRT/) | $19.7M | 876,653 | 0.8% | 18 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $19.4M | 119,496 | 0.8% | 6 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $18.8M | 22,810 | 0.8% | 23 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $18.6M | 72,817 | 0.7% | 23 |
| BROOKFIELD INFRASTRUCTURE CO | [BIPC](https://holderbook.com/stocks/BIPC/) | $17.6M | 523,429 | 0.7% | 3 |
| STAR BULK CARRIERS CORP. | [SBLK](https://holderbook.com/stocks/SBLK/) | $17.5M | 719,747 | 0.7% | 10 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $17.1M | 87,845 | 0.7% | 6 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $17.0M | 86,703 | 0.7% | 17 |
| GENCO SHIPPING & TRADING LTD | [GNK](https://holderbook.com/stocks/GNK/) | $17.0M | 797,096 | 0.7% | 10 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $16.9M | 10,507 | 0.7% | 16 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $16.6M | 837,868 | 0.7% | 4 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $16.6M | 233,217 | 0.7% | 12 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $16.2M | 348,833 | 0.6% | 8 |
| INTERNATIONAL PAPER CO | [IP](https://holderbook.com/stocks/IP/) | $16.0M | 370,271 | 0.6% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $15.8M | 46,003 | 0.6% | 23 |
| BJS WHSL CLUB HLDGS INC | [BJ](https://holderbook.com/stocks/BJ/) | $15.7M | 178,874 | 0.6% | 9 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $15.4M | 138,964 | 0.6% | 18 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $15.4M | 153,871 | 0.6% | 23 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $15.0M | 47,852 | 0.6% | 23 |
| PROTAGONIST THERAPEUTICS INC | [PTGX](https://holderbook.com/stocks/PTGX/) | $14.5M | 418,346 | 0.6% | 8 |
| PIMCO ETF TR | [MUNI](https://holderbook.com/stocks/MUNI/) | $13.7M | 262,688 | 0.5% | 3 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $13.6M | 108,050 | 0.5% | 10 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $13.0M | 178,421 | 0.5% | 7 |
| HARTFORD FDS EXCHANGE TRADED | [HMOP](https://holderbook.com/stocks/HMOP/) | $13.0M | 335,034 | 0.5% | 8 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $12.5M | 302,352 | 0.5% | 4 |
| TEVA PHARMACEUTICAL INDS LTD | [TEVA](https://holderbook.com/stocks/TEVA/) | $12.4M | 760,289 | 0.5% | 4 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $12.2M | 60,825 | 0.5% | 8 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $12.2M | 174,159 | 0.5% | 5 |
| COTERRA ENERGY INC | [CTRA](https://holderbook.com/stocks/CTRA/) | $11.7M | 438,672 | 0.5% | 9 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $11.4M | 29,857 | 0.5% | 6 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $11.3M | 53,656 | 0.5% | 16 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $11.2M | 226,988 | 0.4% | 1 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $11.0M | 166,735 | 0.4% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $10.8M | 105,696 | 0.4% | 7 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $10.7M | 306,689 | 0.4% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $10.3M | 369,718 | 0.4% | 23 |
| GLOBALFOUNDRIES INC | [GFS](https://holderbook.com/stocks/GFS/) | $10.1M | 200,189 | 0.4% | 10 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $9.8M | 60,165 | 0.4% | 1 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $9.7M | 50,530 | 0.4% | 1 |
| UTZ BRANDS INC | [UTZ](https://holderbook.com/stocks/UTZ/) | $9.7M | 583,117 | 0.4% | 4 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $9.7M | 204,374 | 0.4% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $9.5M | 51,676 | 0.4% | 23 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $9.2M | 68,161 | 0.4% | 7 |
| GOLDMAN SACHS ETF TR | [GSST](https://holderbook.com/stocks/GSST/) | $8.7M | 172,927 | 0.3% | 7 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $8.6M | 50,403 | 0.3% | 5 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $8.5M | 91,082 | 0.3% | 8 |
| BENTLEY SYS INC | [BSY](https://holderbook.com/stocks/BSY/) | $8.5M | 171,907 | 0.3% | 2 |
| GITLAB INC | [GTLB](https://holderbook.com/stocks/GTLB/) | $8.2M | 165,777 | 0.3% | 10 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $8.1M | 25,956 | 0.3% | 23 |
| CONFLUENT INC | [CFLT](https://holderbook.com/stocks/CFLT/) | $8.1M | 273,617 | 0.3% | 4 |
| NUTANIX INC | [NTNX](https://holderbook.com/stocks/NTNX/) | $8.0M | 141,578 | 0.3% | 2 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $7.6M | 20,772 | 0.3% | 23 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $7.3M | 44,380 | 0.3% | 23 |
| SERVISFIRST BANCSHARES INC | [SFBS](https://holderbook.com/stocks/SFBS/) | $7.0M | 110,549 | 0.3% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $7.0M | 26,495 | 0.3% | 4 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $6.9M | 116,919 | 0.3% | 4 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $6.3M | 44,186 | 0.3% | 23 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $6.3M | 45,812 | 0.3% | 23 |
| OKLO INC | [OKLO](https://holderbook.com/stocks/OKLO/) | $6.3M | 739,872 | 0.3% | 1 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $6.0M | 25,855 | 0.2% | 23 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $5.7M | 41,691 | 0.2% | 1 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $5.3M | 5,024 | 0.2% | 2 |
| TENABLE HLDGS INC | [TENB](https://holderbook.com/stocks/TENB/) | $4.9M | 112,603 | 0.2% | 1 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $4.8M | 19,334 | 0.2% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $4.8M | 7,115 | 0.2% | 9 |
| COCA COLA CONS INC | [COKE](https://holderbook.com/stocks/COKE/) | $4.7M | 4,319 | 0.2% | 23 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $4.6M | 15,567 | 0.2% | 17 |

## 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 2024 | +5.0% | +4.0% | +1.0% | 100% |
| Q1 2024 | +9.0% | +10.0% | -1.0% | 99% |
| Q4 2023 | +10.8% | +11.2% | -0.4% | 99% |
| Q3 2023 | -2.5% | -3.6% | +1.0% | 99% |
| Q2 2023 | +6.3% | +8.3% | -1.9% | 99% |
| Q1 2023 | +4.7% | +7.0% | -2.4% | 97% |
| Q4 2022 | +5.4% | +7.1% | -1.6% | 99% |
| Q3 2022 | -5.8% | -5.3% | -0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2024 | $2.5B | 371 |
| Q1 2024 | $2.2B | 314 |
| Q4 2023 | $1.8B | 256 |
| Q3 2023 | $1.5B | 244 |
| Q2 2023 | $1.5B | 226 |
| Q1 2023 | $1.3B | 212 |
| Q4 2022 | $1.2B | 215 |
| Q3 2022 | $945.2M | 195 |
| Q2 2022 | $892.7M | 190 |
| Q1 2022 | $1.0B | 198 |
| Q4 2021 | $1.1B | 201 |
| Q3 2021 | $931.5M | 189 |