# Cribstone Capital Management, LLC

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1667163. Source: https://holderbook.com/funds/1667163-cribstone-capital-management-llc/

- Reported value: $171.7M
- Positions: 413
- Weight of the ten largest: 33.1%
- Filed: 2023-02-14

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 |
|---|---|---|---|---|---|
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $10.3M | 82,445 | 6.0% | 17 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $6.6M | 38,909 | 3.8% | 17 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $6.2M | 180,772 | 3.6% | 17 |
| SSGA ACTIVE ETF TR | [TOTL](https://holderbook.com/stocks/TOTL/) | $5.6M | 141,051 | 3.3% | 17 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.5M | 42,343 | 3.2% | 17 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $5.0M | 38,693 | 2.9% | 17 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $4.9M | 116,404 | 2.8% | 2 |
| ISHARES TR | [IBDQ](https://holderbook.com/stocks/IBDQ/) | $4.5M | 184,733 | 2.6% | 9 |
| ISHARES TR | [IBDO](https://holderbook.com/stocks/IBDO/) | $4.2M | 167,335 | 2.4% | 11 |
| ISHARES TR | [IBDP](https://holderbook.com/stocks/IBDP/) | $4.1M | 168,728 | 2.4% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.7M | 15,273 | 2.1% | 17 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.6M | 9,349 | 2.1% | 17 |
| ISHARES TR | [IBDT](https://holderbook.com/stocks/IBDT/) | $3.4M | 138,788 | 2.0% | 2 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $3.2M | 45,056 | 1.9% | 17 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.1M | 35,368 | 1.8% | 17 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $3.0M | 45,403 | 1.7% | 17 |
| INVESCO EXCH TRD SLF IDX FD | [BSCR](https://holderbook.com/stocks/BSCR/) | $2.9M | 153,021 | 1.7% | 16 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $2.6M | 56,669 | 1.5% | 6 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $2.6M | 19,286 | 1.5% | 17 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $2.5M | 28,492 | 1.5% | 17 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $2.4M | 103,526 | 1.4% | 2 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $2.4M | 31,906 | 1.4% | 17 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.4M | 7,702 | 1.4% | 17 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.2M | 6,260 | 1.3% | 13 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.1M | 24,478 | 1.2% | 17 |
| FIDELITY COVINGTON TRUST | [FNCL](https://holderbook.com/stocks/FNCL/) | $2.0M | 41,095 | 1.1% | 11 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $1.9M | 4,698 | 1.1% | 17 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $1.9M | 19,506 | 1.1% | 17 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.9M | 3,601 | 1.1% | 17 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $1.8M | 25,771 | 1.1% | 17 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $1.6M | 33,373 | 0.9% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.5M | 13,427 | 0.9% | 17 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.4M | 78,481 | 0.8% | 17 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.4M | 6,728 | 0.8% | 17 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.3M | 9,129 | 0.8% | 17 |
| FIDELITY COVINGTON TRUST | [FDIS](https://holderbook.com/stocks/FDIS/) | $1.3M | 23,195 | 0.8% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.3M | 10,810 | 0.8% | 17 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $1.3M | 17,278 | 0.8% | 17 |
| SPDR SERIES TRUST | [KRE](https://holderbook.com/stocks/KRE/) | $1.3M | 21,636 | 0.7% | 17 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $1.2M | 30,647 | 0.7% | 17 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.2M | 7,027 | 0.7% | 17 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.2M | 7,558 | 0.7% | 17 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.2M | 6,347 | 0.7% | 17 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.2M | 9,087 | 0.7% | 17 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $1.2M | 32,451 | 0.7% | 15 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.2M | 3,431 | 0.7% | 17 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.2M | 8,262 | 0.7% | 17 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $1.2M | 4,783 | 0.7% | 17 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.1M | 3,853 | 0.7% | 17 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $1.1M | 12,799 | 0.6% | 16 |
| GOLDMAN SACHS ETF TR | [GEM](https://holderbook.com/stocks/GEM/) | $1.0M | 35,480 | 0.6% | 15 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $990.1K | 1,933 | 0.6% | 16 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $975.1K | 8,881 | 0.6% | 17 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $920.2K | 17,959 | 0.5% | 17 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $873.5K | 11,239 | 0.5% | 17 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $854.8K | 5,640 | 0.5% | 17 |
| INVESCO EXCH TRD SLF IDX FD | [BSCO](https://holderbook.com/stocks/BSCO/) | $818.2K | 39,941 | 0.5% | 17 |
| SCHWAB S&P 500 INDEX | - | $810.3K | 13,791 | 0.5% | 11 |
| INVESCO EXCH TRD SLF IDX FD | [BSCN](https://holderbook.com/stocks/BSCN/) | $803.9K | 38,315 | 0.5% | 17 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $765.6K | 4,404 | 0.4% | 17 |
| INVESCO EXCH TRD SLF IDX FD | [BSCQ](https://holderbook.com/stocks/BSCQ/) | $760.0K | 40,157 | 0.4% | 3 |
| PAYA HOLDINGS INC | [PAYA](https://holderbook.com/stocks/PAYA/) | $758.7K | 96,402 | 0.4% | 6 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $732.8K | 3,416 | 0.4% | 3 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $726.9K | 3,802 | 0.4% | 17 |
| FIDELITY COVINGTON TRUST | [FENY](https://holderbook.com/stocks/FENY/) | $692.5K | 29,049 | 0.4% | 11 |
| ISHARES TR | [SUSB](https://holderbook.com/stocks/SUSB/) | $662.0K | 27,851 | 0.4% | 11 |
| J P MORGAN MUT FD INVT TR GRTH | - | $650.3K | 26,609 | 0.4% | 6 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $608.2K | 18,064 | 0.4% | 15 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $606.6K | 9,246 | 0.4% | 12 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $588.8K | 6,318 | 0.3% | 17 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $581.6K | 6,694 | 0.3% | 17 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $541.8K | 993 | 0.3% | 8 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $539.4K | 2,463 | 0.3% | 3 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $532.8K | 6,762 | 0.3% | 17 |
| BJS WHSL CLUB HLDGS INC | [BJ](https://holderbook.com/stocks/BJ/) | $532.5K | 8,048 | 0.3% | 6 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $509.9K | 1,800 | 0.3% | 9 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $509.2K | 3,637 | 0.3% | 12 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $505.0K | 8,112 | 0.3% | 6 |
| ISHARES TR | [SMMD](https://holderbook.com/stocks/SMMD/) | $491.0K | 9,240 | 0.3% | 2 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $479.2K | 1,806 | 0.3% | 17 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $475.2K | 7,471 | 0.3% | 7 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $460.8K | 5,716 | 0.3% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $457.9K | 7,069 | 0.3% | 3 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $435.4K | 2,091 | 0.3% | 10 |
| DARLING INGREDIENTS INC | [DAR](https://holderbook.com/stocks/DAR/) | $428.6K | 6,847 | 0.2% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $381.5K | 4,300 | 0.2% | 17 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $370.5K | 15,855 | 0.2% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $349.9K | 13,237 | 0.2% | 17 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $347.5K | 950 | 0.2% | 17 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $334.9K | 1,563 | 0.2% | 17 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $334.8K | 4,757 | 0.2% | 17 |
| FIDELITY COVINGTON TRUST | [FREL](https://holderbook.com/stocks/FREL/) | $321.9K | 12,976 | 0.2% | 11 |
| BYD Co Ltd | [BYDDY](https://holderbook.com/stocks/BYDDY/) | $319.4K | 6,500 | 0.2% | 9 |
| INVESCO EXCH TRD SLF IDX FD | [BSCP](https://holderbook.com/stocks/BSCP/) | $299.2K | 14,855 | 0.2% | 9 |
| BLACKROCK 60/40 TARGET ALLOCATION FUND CLASS K | - | $294.2K | 22,545 | 0.2% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $274.4K | 2,488 | 0.2% | 17 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $265.9K | 1,983 | 0.2% | 17 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $256.4K | 2,585 | 0.1% | 17 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $243.7K | 501 | 0.1% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $242.4K | 631 | 0.1% | 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 |
|---|---|---|---|---|
| Q4 2022 | +6.7% | +7.1% | -0.4% | 86% |
| Q3 2022 | -6.2% | -5.3% | -0.9% | 87% |
| Q2 2022 | -14.8% | -16.5% | +1.7% | 87% |
| Q1 2022 | -4.7% | -4.9% | +0.2% | 88% |
| Q4 2021 | +7.3% | +10.7% | -3.4% | 87% |
| Q3 2021 | -0.4% | +0.3% | -0.6% | 89% |
| Q2 2021 | +7.3% | +8.0% | -0.7% | 88% |
| Q1 2021 | +3.7% | +6.0% | -2.3% | 89% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $171.7M | 413 |
| Q3 2022 | $161.7M | 405 |
| Q2 2022 | $162.6M | 452 |
| Q1 2022 | $182.7M | 410 |
| Q4 2021 | $180.2M | 392 |
| Q3 2021 | $167.8M | 376 |
| Q2 2021 | $164.8M | 337 |
| Q1 2021 | $152.0M | 326 |
| Q4 2020 | $145.9M | 318 |
| Q3 2020 | $122.4M | 293 |
| Q2 2020 | $120.8M | 341 |
| Q1 2020 | $94.5M | 338 |