# Enlightenment Research, LLC

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1676924. Source: https://holderbook.com/funds/1676924-enlightenment-research-llc/

- Reported value: $45.2M
- Positions: 91
- Weight of the ten largest: 32.0%
- Filed: 2022-11-15

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.2M | 13,900 | 7.2% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.0M | 18,100 | 4.5% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.7M | 17,900 | 3.7% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.7M | 33,200 | 3.7% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.2M | 4,900 | 2.6% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.1M | 24,200 | 2.3% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $980.0K | 7,759 | 2.2% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $921.0K | 22,098 | 2.0% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $862.0K | 22,697 | 1.9% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $847.0K | 8,804 | 1.9% | 2 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $827.0K | 9,603 | 1.8% | 1 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $822.0K | 15,000 | 1.8% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $786.0K | 12,700 | 1.7% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $784.0K | 8,200 | 1.7% | 1 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $758.0K | 8,800 | 1.7% | 1 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $728.0K | 2,400 | 1.6% | 1 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $718.0K | 8,300 | 1.6% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $708.0K | 11,600 | 1.6% | 2 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $701.0K | 11,200 | 1.6% | 1 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $680.0K | 8,500 | 1.5% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $602.0K | 6,900 | 1.3% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $570.0K | 4,200 | 1.3% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $565.0K | 7,200 | 1.3% | 1 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $548.0K | 10,900 | 1.2% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $543.0K | 18,500 | 1.2% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $539.0K | 6,400 | 1.2% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $528.0K | 3,674 | 1.2% | 2 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $527.0K | 19,791 | 1.2% | 2 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $488.0K | 4,200 | 1.1% | 2 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $484.0K | 4,000 | 1.1% | 1 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $484.0K | 8,100 | 1.1% | 1 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $483.0K | 7,100 | 1.1% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $469.0K | 1,698 | 1.0% | 1 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $447.0K | 6,700 | 1.0% | 1 |
| KELLOGG CO | [K](https://holderbook.com/stocks/K/) | $446.0K | 6,402 | 1.0% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $444.0K | 1,000 | 1.0% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $443.0K | 17,200 | 1.0% | 1 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $416.0K | 9,506 | 0.9% | 1 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $412.0K | 1,600 | 0.9% | 1 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $391.0K | 4,200 | 0.9% | 1 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $383.0K | 3,400 | 0.8% | 1 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $377.0K | 1,900 | 0.8% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $377.0K | 2,300 | 0.8% | 1 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $376.0K | 250 | 0.8% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $369.0K | 4,500 | 0.8% | 3 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $350.0K | 4,500 | 0.8% | 1 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $346.0K | 4,900 | 0.8% | 1 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $344.0K | 500 | 0.8% | 1 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $336.0K | 8,000 | 0.7% | 3 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $332.0K | 4,389 | 0.7% | 2 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $326.0K | 3,900 | 0.7% | 1 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $312.0K | 1,600 | 0.7% | 1 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $302.0K | 1,833 | 0.7% | 1 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $294.0K | 2,600 | 0.7% | 2 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $292.0K | 2,600 | 0.6% | 1 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $291.0K | 1,090 | 0.6% | 1 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $290.0K | 9,400 | 0.6% | 1 |
| NIO INC | [NIO](https://holderbook.com/stocks/NIO/) | $287.0K | 18,200 | 0.6% | 1 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $284.0K | 2,400 | 0.6% | 1 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $275.0K | 900 | 0.6% | 1 |
| ATLASSIAN CORP PLC | [TEAMXXXX](https://holderbook.com/stocks/TEAMXXXX/) | $274.0K | 1,300 | 0.6% | 1 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $273.0K | 3,200 | 0.6% | 1 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $267.0K | 2,500 | 0.6% | 2 |
| COTERRA ENERGY INC | [CTRA](https://holderbook.com/stocks/CTRA/) | $264.0K | 10,104 | 0.6% | 1 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $264.0K | 2,600 | 0.6% | 1 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $256.0K | 3,700 | 0.6% | 1 |
| HOST HOTELS & RESORTS INC | [HST](https://holderbook.com/stocks/HST/) | $252.0K | 15,900 | 0.6% | 1 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $248.0K | 2,500 | 0.5% | 1 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $246.0K | 2,300 | 0.5% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $245.0K | 1,502 | 0.5% | 1 |
| DOCUSIGN INC | [DOCU](https://holderbook.com/stocks/DOCU/) | $241.0K | 4,504 | 0.5% | 1 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $240.0K | 3,898 | 0.5% | 1 |
| C H ROBINSON WORLDWIDE IN | [CHRW](https://holderbook.com/stocks/CHRW/) | $232.0K | 2,412 | 0.5% | 1 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $232.0K | 600 | 0.5% | 1 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $229.0K | 2,800 | 0.5% | 1 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $224.0K | 3,400 | 0.5% | 1 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $224.0K | 2,500 | 0.5% | 1 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $222.0K | 800 | 0.5% | 1 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $219.0K | 955 | 0.5% | 1 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $218.0K | 6,800 | 0.5% | 1 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $216.0K | 3,200 | 0.5% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $213.0K | 1,200 | 0.5% | 2 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $211.0K | 300 | 0.5% | 1 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $209.0K | 4,800 | 0.5% | 1 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $206.0K | 2,200 | 0.5% | 2 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $203.0K | 2,845 | 0.4% | 1 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $191.0K | 14,500 | 0.4% | 1 |
| DRAFTKINGS INC NEW | [DKNG](https://holderbook.com/stocks/DKNG/) | $186.0K | 12,300 | 0.4% | 1 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $122.0K | 25,100 | 0.3% | 2 |
| SOUTHWESTERN ENERGY CO | [SWN](https://holderbook.com/stocks/SWN/) | $115.0K | 18,800 | 0.3% | 1 |
| COTY INC | [COTY](https://holderbook.com/stocks/COTY/) | $83.0K | 13,200 | 0.2% | 1 |

## 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 2022 | -6.7% | -5.3% | -1.3% | 99% |
| Q2 2022 | -19.8% | -16.5% | -3.3% | 99% |
| Q1 2022 | -10.3% | -4.9% | -5.4% | 104% |
| Q4 2021 | +3.3% | +10.7% | -7.4% | 100% |
| Q3 2021 | -0.1% | +0.3% | -0.4% | 100% |
| Q2 2021 | +6.3% | +8.0% | -1.7% | 99% |
| Q1 2021 | +3.5% | +6.0% | -2.5% | 100% |
| Q4 2020 | +14.0% | +11.6% | +2.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $45.2M | 91 |
| Q2 2022 | $46.6M | 94 |
| Q1 2022 | $75.2M | 132 |
| Q4 2021 | $70.3M | 121 |
| Q3 2021 | $81.9M | 129 |
| Q2 2021 | $78.6M | 125 |
| Q1 2021 | $83.4M | 139 |
| Q4 2020 | $70.8M | 89 |
| Q3 2020 | $33.8M | 67 |
| Q2 2020 | $42.0M | 76 |
| Q1 2020 | $94.2M | 164 |
| Q4 2019 | $21.4M | 56 |