# Doyle Wealth Management

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1698219. Source: https://holderbook.com/funds/1698219-doyle-wealth-management/

- Reported value: $1.2B
- Positions: 204
- 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 |
|---|---|---|---|---|---|
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $91.4M | 1,827,207 | 7.9% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $44.6M | 322,887 | 3.8% | 16 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $44.0M | 325,857 | 3.8% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $43.5M | 186,586 | 3.7% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $29.5M | 180,282 | 2.5% | 16 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $26.2M | 231,527 | 2.2% | 16 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $25.2M | 193,948 | 2.2% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $24.5M | 255,889 | 2.1% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $22.6M | 84,771 | 1.9% | 16 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $21.6M | 192,077 | 1.9% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $21.3M | 45,098 | 1.8% | 16 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $21.0M | 81,352 | 1.8% | 12 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $21.0M | 480,030 | 1.8% | 16 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $20.4M | 125,029 | 1.8% | 16 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $20.1M | 268,595 | 1.7% | 16 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $18.7M | 137,188 | 1.6% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $18.5M | 104,225 | 1.6% | 16 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $18.3M | 174,987 | 1.6% | 16 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $18.2M | 362,570 | 1.6% | 16 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $16.6M | 267,471 | 1.4% | 16 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $16.6M | 146,707 | 1.4% | 16 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $16.5M | 191,071 | 1.4% | 16 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $16.5M | 71,303 | 1.4% | 16 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $16.2M | 63,138 | 1.4% | 12 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $16.2M | 236,877 | 1.4% | 16 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $16.0M | 464,743 | 1.4% | 16 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $15.9M | 92,867 | 1.4% | 16 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $15.7M | 124,602 | 1.4% | 16 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $15.3M | 205,653 | 1.3% | 16 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $15.3M | 211,960 | 1.3% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $14.7M | 187,620 | 1.3% | 16 |
| DISCOVER FINL SVCS | [DFS](https://holderbook.com/stocks/DFS/) | $14.1M | 155,333 | 1.2% | 10 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $13.6M | 130,583 | 1.2% | 10 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $13.5M | 83,568 | 1.2% | 16 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $13.2M | 117,762 | 1.1% | 16 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $12.9M | 43,921 | 1.1% | 16 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $12.8M | 89,263 | 1.1% | 16 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $12.2M | 39,944 | 1.0% | 16 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $12.0M | 83,393 | 1.0% | 10 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $11.9M | 236,666 | 1.0% | 9 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $11.8M | 76,201 | 1.0% | 16 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $11.6M | 32,403 | 1.0% | 16 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $11.2M | 59,610 | 1.0% | 16 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $11.1M | 135,538 | 1.0% | 10 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $10.1M | 104,077 | 0.9% | 16 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $9.8M | 54,158 | 0.8% | 16 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $9.8M | 27,191 | 0.8% | 9 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $9.4M | 63,191 | 0.8% | 16 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $9.3M | 256,714 | 0.8% | 16 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $8.9M | 41,226 | 0.8% | 16 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $8.3M | 290,301 | 0.7% | 16 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $7.9M | 93,960 | 0.7% | 10 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $7.8M | 52,229 | 0.7% | 12 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $7.6M | 180,494 | 0.7% | 16 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $7.0M | 79,704 | 0.6% | 16 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $6.8M | 32,482 | 0.6% | 16 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $6.8M | 24,586 | 0.6% | 16 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $5.7M | 60,770 | 0.5% | 16 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $4.8M | 50,218 | 0.4% | 16 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $4.7M | 34,715 | 0.4% | 16 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $4.6M | 46,866 | 0.4% | 9 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $4.4M | 73,829 | 0.4% | 4 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $4.2M | 50,713 | 0.4% | 8 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $3.9M | 33,523 | 0.3% | 9 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $3.8M | 11,644 | 0.3% | 16 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.8M | 10,578 | 0.3% | 16 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $3.6M | 106,351 | 0.3% | 16 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $3.6M | 7,142 | 0.3% | 9 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $3.3M | 19,708 | 0.3% | 16 |
| XPLR INFRASTRUCTURE LP | [XIFR](https://holderbook.com/stocks/XIFR/) | $3.2M | 44,425 | 0.3% | 16 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $3.2M | 46,940 | 0.3% | 16 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $2.9M | 66,775 | 0.3% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $2.9M | 78,697 | 0.2% | 16 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.8M | 50,833 | 0.2% | 16 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.6M | 68,778 | 0.2% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.6M | 26,597 | 0.2% | 16 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $2.3M | 10,973 | 0.2% | 16 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.2M | 9,869 | 0.2% | 16 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $2.2M | 55,917 | 0.2% | 16 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $2.1M | 14,354 | 0.2% | 8 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $2.1M | 26,134 | 0.2% | 16 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.9M | 10,850 | 0.2% | 16 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $1.9M | 17,684 | 0.2% | 16 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $1.8M | 17,743 | 0.2% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.8M | 43,885 | 0.2% | 16 |
| ISHARES S&P GSCI COMMODITY- | [GSG](https://holderbook.com/stocks/GSG/) | $1.7M | 83,442 | 0.1% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.5M | 5,324 | 0.1% | 16 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $1.5M | 24,089 | 0.1% | 16 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $1.4M | 13,699 | 0.1% | 8 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.3M | 10,542 | 0.1% | 16 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.3M | 3,930 | 0.1% | 16 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $1.2M | 2,980 | 0.1% | 16 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.2M | 9,762 | 0.1% | 16 |
| HEICO CORP NEW | [HEI](https://holderbook.com/stocks/HEI/) | $1.2M | 8,041 | 0.1% | 14 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.2M | 4,352 | 0.1% | 9 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $1.1M | 28,078 | 0.1% | 16 |
| BROOKFIELD ASSET MGMT INC | [BAMXXXX](https://holderbook.com/stocks/BAMXXXX/) | $1.1M | 27,105 | 0.1% | 16 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.1M | 3,982 | 0.1% | 16 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $1.1M | 5,280 | 0.1% | 16 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.0M | 7,527 | 0.1% | 16 |

## 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 | -5.2% | -5.3% | +0.1% | 100% |
| Q2 2022 | -12.4% | -16.5% | +4.1% | 100% |
| Q1 2022 | -4.3% | -4.9% | +0.6% | 100% |
| Q4 2021 | +9.2% | +10.7% | -1.5% | 100% |
| Q3 2021 | +0.4% | +0.3% | +0.2% | 100% |
| Q2 2021 | +7.2% | +8.0% | -0.8% | 100% |
| Q1 2021 | +3.3% | +6.0% | -2.7% | 100% |
| Q4 2020 | +11.0% | +11.6% | -0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $1.2B | 204 |
| Q2 2022 | $1.2B | 210 |
| Q1 2022 | $1.4B | 248 |
| Q4 2021 | $1.4B | 233 |
| Q3 2021 | $1.3B | 223 |
| Q2 2021 | $1.2B | 219 |
| Q1 2021 | $1.0B | 215 |
| Q4 2020 | $983.5M | 212 |
| Q3 2020 | $861.0M | 189 |
| Q2 2020 | $759.0M | 178 |
| Q1 2020 | $629.1M | 181 |
| Q4 2019 | $799.8M | 211 |