# Stumpf Capital Management LLC

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1702698. Source: https://holderbook.com/funds/1702698-stumpf-capital-management-llc/

- Reported value: $53.8M
- Positions: 26
- Weight of the ten largest: 97.9%
- Filed: 2020-11-16

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 |
|---|---|---|---|---|---|
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $22.9M | 973,844 | 42.6% | 8 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $14.6M | 202,496 | 27.1% | 8 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $8.7M | 305,995 | 16.2% | 8 |
| GLAXOSMITHKLINE PLC | [GSKXXXX](https://holderbook.com/stocks/GSKXXXX/) | $1.8M | 47,650 | 3.3% | 8 |
| CENTURYLINK INC | [LUMNXXXX](https://holderbook.com/stocks/LUMNXXXX/) | $1.6M | 155,650 | 2.9% | 5 |
| VODAFONE GROUP PLC | [VOD](https://holderbook.com/stocks/VOD/) | $1.5M | 108,500 | 2.7% | 8 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $740.0K | 19,160 | 1.4% | 5 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $412.0K | 8,750 | 0.8% | 6 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $259.0K | 1,565 | 0.5% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $249.0K | 7,250 | 0.5% | 6 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $202.0K | 2,700 | 0.4% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $157.0K | 50 | 0.3% | 1 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $136.0K | 4,450 | 0.3% | 1 |
| NORWEGIAN CRUISE LINE HLDGS | [NCLH](https://holderbook.com/stocks/NCLH/) | $134.0K | 7,850 | 0.2% | 1 |
| CULLEN FROST BANKERS INC | [CFR](https://holderbook.com/stocks/CFR/) | $93.0K | 1,450 | 0.2% | 1 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $70.0K | 4,000 | 0.1% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $56.0K | 650 | 0.1% | 1 |
| ABBVIE INC | - | $53.0K | 600 | 0.1% | 1 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $52.0K | 625 | 0.1% | 1 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $43.0K | 390 | 0.1% | 1 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $34.0K | 249 | 0.1% | 1 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $33.0K | 950 | 0.1% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $25.0K | 50 | 0.0% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $12.0K | 100 | 0.0% | 1 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $9.0K | 1,395 | 0.0% | 1 |
| BEYOND MEAT INC | [BYND](https://holderbook.com/stocks/BYND/) | $3.0K | 16 | 0.0% | 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 2020 | -11.5% | +8.6% | -20.1% | 100% |
| Q2 2020 | +0.8% | +19.6% | -18.8% | 100% |
| Q1 2020 | -42.6% | -19.9% | -22.7% | 100% |
| Q4 2019 | +5.6% | +8.5% | -2.9% | 100% |
| Q3 2019 | +4.8% | +1.3% | +3.5% | 100% |
| Q2 2019 | -1.3% | +3.7% | -5.0% | 101% |
| Q1 2019 | +7.3% | +13.0% | -5.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $53.8M | 26 |
| Q2 2020 | $56.0M | 10 |
| Q1 2020 | $58.3M | 11 |
| Q4 2019 | $130.1M | 14 |
| Q3 2019 | $115.6M | 13 |
| Q2 2019 | $117.1M | 12 |
| Q1 2019 | $96.8M | 13 |
| Q4 2018 | $95.7M | 28 |