# Wellesley Investment Partners, LLC

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1669733. Source: https://holderbook.com/funds/1669733-wellesley-investment-partners-llc/

- Reported value: $292.5M
- Positions: 103
- Weight of the ten largest: 72.7%
- Filed: 2020-10-30

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $34.1M | 101,420 | 11.7% | 8 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $31.4M | 258,164 | 10.8% | 8 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $29.1M | 711,473 | 9.9% | 8 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $25.9M | 219,325 | 8.9% | 8 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $25.5M | 307,527 | 8.7% | 8 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $22.0M | 254,039 | 7.5% | 3 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $12.5M | 225,367 | 4.3% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $11.9M | 275,129 | 4.1% | 8 |
| ISHARES GOLD TRUST | [IAUXXXX](https://holderbook.com/stocks/IAUXXXX/) | $10.7M | 594,652 | 3.7% | 8 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $9.6M | 51,768 | 3.3% | 8 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $8.2M | 29,369 | 2.8% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $6.9M | 40,252 | 2.3% | 8 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.7M | 14,143 | 1.6% | 8 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $4.7M | 36,786 | 1.6% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.6M | 22,034 | 0.9% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.4M | 11,207 | 0.8% | 8 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $1.8M | 35,709 | 0.6% | 4 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $1.8M | 33,401 | 0.6% | 8 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $1.8M | 19,552 | 0.6% | 4 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $1.6M | 12,321 | 0.6% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.3M | 9,264 | 0.4% | 8 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.2M | 8,387 | 0.4% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.2M | 12,063 | 0.4% | 8 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.1M | 18,933 | 0.4% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.1M | 3,165 | 0.4% | 8 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $980.0K | 4,981 | 0.3% | 8 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $976.0K | 8,299 | 0.3% | 8 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $931.0K | 3,665 | 0.3% | 8 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $924.0K | 12,127 | 0.3% | 4 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $909.0K | 4,025 | 0.3% | 8 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $900.0K | 24,537 | 0.3% | 8 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $873.0K | 7,043 | 0.3% | 8 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $858.0K | 6,196 | 0.3% | 8 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $844.0K | 26,910 | 0.3% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $833.0K | 3,796 | 0.3% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $785.0K | 2,829 | 0.3% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $749.0K | 238 | 0.3% | 8 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $732.0K | 12,548 | 0.3% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $731.0K | 18,562 | 0.2% | 8 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $721.0K | 8,698 | 0.2% | 3 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $704.0K | 7,212 | 0.2% | 8 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $701.0K | 6,749 | 0.2% | 8 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $689.0K | 5,221 | 0.2% | 8 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $660.0K | 4,124 | 0.2% | 8 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $639.0K | 10,081 | 0.2% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $636.0K | 12,298 | 0.2% | 8 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $635.0K | 11,049 | 0.2% | 2 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $629.0K | 9,124 | 0.2% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $614.0K | 1,687 | 0.2% | 8 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $607.0K | 21,306 | 0.2% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $602.0K | 11,942 | 0.2% | 8 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $600.0K | 10,787 | 0.2% | 6 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $599.0K | 5,505 | 0.2% | 8 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $593.0K | 7,699 | 0.2% | 3 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $584.0K | 9,250 | 0.2% | 8 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $583.0K | 10,164 | 0.2% | 8 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $533.0K | 3,827 | 0.2% | 8 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $522.0K | 3,176 | 0.2% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $509.0K | 347 | 0.2% | 8 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $508.0K | 3,298 | 0.2% | 8 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $508.0K | 9,640 | 0.2% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $472.0K | 2,364 | 0.2% | 8 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $434.0K | 6,188 | 0.1% | 8 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $413.0K | 6,973 | 0.1% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $409.0K | 1,923 | 0.1% | 8 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $408.0K | 11,428 | 0.1% | 8 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $398.0K | 3,428 | 0.1% | 8 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $374.0K | 2,623 | 0.1% | 8 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $345.0K | 2,751 | 0.1% | 8 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $336.0K | 7,326 | 0.1% | 7 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $334.0K | 4,908 | 0.1% | 8 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $327.0K | 2,190 | 0.1% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $319.0K | 218 | 0.1% | 2 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $314.0K | 1,629 | 0.1% | 8 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $312.0K | 2,273 | 0.1% | 8 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $311.0K | 813 | 0.1% | 8 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $308.0K | 20,500 | 0.1% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $305.0K | 7,087 | 0.1% | 8 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $295.0K | 1,500 | 0.1% | 2 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $287.0K | 965 | 0.1% | 8 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $287.0K | 6,214 | 0.1% | 8 |
| VANGUARD ADMIRAL FDS INC | [IVOO](https://holderbook.com/stocks/IVOO/) | $285.0K | 2,275 | 0.1% | 8 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $283.0K | 1,219 | 0.1% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $282.0K | 1,079 | 0.1% | 2 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $275.0K | 3,543 | 0.1% | 8 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $275.0K | 3,122 | 0.1% | 8 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $266.0K | 11,073 | 0.1% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $260.0K | 4,363 | 0.1% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $257.0K | 2,941 | 0.1% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $252.0K | 2,523 | 0.1% | 5 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $245.0K | 2,265 | 0.1% | 6 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $244.0K | 2,220 | 0.1% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $241.0K | 1,632 | 0.1% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $226.0K | 727 | 0.1% | 1 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $224.0K | 4,864 | 0.1% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $219.0K | 4,446 | 0.1% | 1 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $213.0K | 2,663 | 0.1% | 3 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $210.0K | 1,801 | 0.1% | 6 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $210.0K | 2,450 | 0.1% | 1 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $206.0K | 1,265 | 0.1% | 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 |
|---|---|---|---|---|
| Q3 2020 | +4.3% | +8.6% | -4.3% | 100% |
| Q2 2020 | +11.3% | +19.6% | -8.4% | 100% |
| Q1 2020 | -13.8% | -19.9% | +6.1% | 100% |
| Q4 2019 | +4.7% | +8.5% | -3.8% | 100% |
| Q3 2019 | +0.9% | +1.3% | -0.4% | 100% |
| Q2 2019 | +2.8% | +3.7% | -0.9% | 100% |
| Q1 2019 | +8.5% | +13.0% | -4.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $292.5M | 103 |
| Q2 2020 | $282.8M | 102 |
| Q1 2020 | $251.6M | 103 |
| Q4 2019 | $325.3M | 120 |
| Q3 2019 | $304.5M | 109 |
| Q2 2019 | $290.3M | 107 |
| Q1 2019 | $291.6M | 120 |
| Q4 2018 | $281.0M | 120 |