# Arbor Wealth Management, LLC

> Institutional holdings reported to the SEC as of Q4 2021 on Form 13F. CIK 1667164. Source: https://holderbook.com/funds/1667164-arbor-wealth-management-llc/

- Reported value: $456.2M
- Positions: 62
- Weight of the ten largest: 74.5%
- Filed: 2022-01-25

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 |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $98.1M | 327,940 | 21.5% | 13 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $45.4M | 15,664 | 9.9% | 13 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $44.1M | 67,672 | 9.7% | 13 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $40.2M | 539,316 | 8.8% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $35.5M | 10,650 | 7.8% | 9 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $16.9M | 71,782 | 3.7% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $16.6M | 33,132 | 3.6% | 10 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $16.0M | 89,900 | 3.5% | 13 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $13.7M | 40,735 | 3.0% | 13 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $13.2M | 85,143 | 2.9% | 9 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $12.5M | 182,665 | 2.7% | 13 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $12.0M | 237,450 | 2.6% | 13 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $10.9M | 104,253 | 2.4% | 7 |
| BROOKFIELD ASSET MGMT INC | [BAMXXXX](https://holderbook.com/stocks/BAMXXXX/) | $10.5M | 173,274 | 2.3% | 7 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $9.6M | 20,769 | 2.1% | 8 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $7.8M | 66,717 | 1.7% | 8 |
| TWITTER INC | [TWTR](https://holderbook.com/stocks/TWTR/) | $7.8M | 180,495 | 1.7% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.3M | 14,769 | 1.2% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.3M | 12,699 | 0.9% | 13 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $4.1M | 15,371 | 0.9% | 8 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $3.7M | 36,691 | 0.8% | 5 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $3.0M | 2,885 | 0.7% | 2 |
| GUIDEWIRE SOFTWARE INC | [GWRE](https://holderbook.com/stocks/GWRE/) | $2.4M | 20,836 | 0.5% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.2M | 23,559 | 0.5% | 13 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.9M | 7,142 | 0.4% | 9 |
| WELLS FARGO & CO | [WFCPRL](https://holderbook.com/stocks/WFCPRL/) | $1.6M | 1,098 | 0.4% | 1 |
| ACTIVISION BLIZZARD INC | [ATVI](https://holderbook.com/stocks/ATVI/) | $1.6M | 24,196 | 0.4% | 1 |
| AMCOR PLC | [AMCR](https://holderbook.com/stocks/AMCR/) | $1.5M | 127,556 | 0.3% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.1M | 3,902 | 0.3% | 4 |
| NEW YORK TIMES CO MTN BE | [NYT](https://holderbook.com/stocks/NYT/) | $854.0K | 17,676 | 0.2% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $755.0K | 4,345 | 0.2% | 13 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $734.0K | 4,490 | 0.2% | 13 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $685.0K | 1,650 | 0.2% | 4 |
| ONEWATER MARINE INC | [ONEW](https://holderbook.com/stocks/ONEW/) | $546.0K | 8,951 | 0.1% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $488.0K | 8,258 | 0.1% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $487.0K | 3,073 | 0.1% | 3 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $451.0K | 2,538 | 0.1% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $449.0K | 3,319 | 0.1% | 5 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $437.0K | 5,116 | 0.1% | 1 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $436.0K | 1,882 | 0.1% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $417.0K | 144 | 0.1% | 3 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $387.0K | 18,615 | 0.1% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $376.0K | 2,199 | 0.1% | 4 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $365.0K | 1,412 | 0.1% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $346.0K | 2,393 | 0.1% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $334.0K | 6,438 | 0.1% | 13 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $316.0K | 889 | 0.1% | 1 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $297.0K | 10,241 | 0.1% | 3 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $296.0K | 993 | 0.1% | 6 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $269.0K | 6,047 | 0.1% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $264.0K | 4,171 | 0.1% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $258.0K | 1,161 | 0.1% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $252.0K | 531 | 0.1% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $250.0K | 441 | 0.1% | 1 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $248.0K | 10,084 | 0.1% | 1 |
| GERMAN AMERN BANCORP INC | [GABC](https://holderbook.com/stocks/GABC/) | $234.0K | 6,000 | 0.1% | 13 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $233.0K | 1,632 | 0.1% | 2 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $230.0K | 3,694 | 0.1% | 1 |
| JACOBS ENGR GROUP INC | [JXXXX](https://holderbook.com/stocks/JXXXX/) | $208.0K | 1,491 | 0.0% | 8 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $207.0K | 1,598 | 0.0% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $202.0K | 1,514 | 0.0% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $200.0K | 3,274 | 0.0% | 3 |

## 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 2021 | +5.6% | +10.7% | -5.1% | 100% |
| Q3 2021 | -1.4% | +0.3% | -1.7% | 100% |
| Q2 2021 | +9.9% | +8.0% | +1.9% | 100% |
| Q1 2021 | +6.0% | +6.0% | -0.0% | 100% |
| Q4 2020 | +14.3% | +11.6% | +2.6% | 100% |
| Q3 2020 | +12.9% | +8.6% | +4.3% | 100% |
| Q2 2020 | +13.7% | +19.6% | -5.9% | 100% |
| Q1 2020 | -24.6% | -19.9% | -4.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2021 | $456.2M | 62 |
| Q3 2021 | $424.5M | 50 |
| Q2 2021 | $405.7M | 52 |
| Q1 2021 | $339.0M | 44 |
| Q4 2020 | $265.9M | 41 |
| Q3 2020 | $251.8M | 42 |
| Q2 2020 | $214.2M | 39 |
| Q1 2020 | $157.4M | 35 |
| Q4 2019 | $239.4M | 60 |
| Q3 2019 | $194.5M | 48 |
| Q2 2019 | $185.3M | 211 |
| Q1 2019 | $166.0M | 194 |