# Johnson Midwest Financial, LLC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1732399. Source: https://holderbook.com/funds/1732399-johnson-midwest-financial-llc/

- Reported value: $44.7M
- Positions: 376
- Weight of the ten largest: 62.9%
- Filed: 2023-11-07

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $5.9M | 13,874 | 13.3% | 12 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $4.5M | 12,615 | 10.1% | 3 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $4.2M | 12,647 | 9.5% | 12 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $3.9M | 25,077 | 8.6% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $3.6M | 52,113 | 8.0% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.7M | 10,039 | 3.8% | 12 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $1.5M | 74,350 | 3.3% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.4M | 3,873 | 3.0% | 12 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $794.8K | 4,969 | 1.8% | 12 |
| PRINCIPAL FINANCIAL GROUP IN | [PFG](https://holderbook.com/stocks/PFG/) | $683.8K | 9,488 | 1.5% | 12 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $670.8K | 13,845 | 1.5% | 12 |
| PHILLIPS EDISON & CO INC | [PECO](https://holderbook.com/stocks/PECO/) | $659.7K | 19,668 | 1.5% | 6 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $641.9K | 11,204 | 1.4% | 12 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $562.9K | 2,137 | 1.3% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $554.2K | 2,215 | 1.2% | 12 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $535.0K | 1,782 | 1.2% | 12 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $402.7K | 20,684 | 0.9% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $383.9K | 1,216 | 0.9% | 12 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $371.3K | 2,384 | 0.8% | 12 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $353.3K | 6,998 | 0.8% | 12 |
| OTTER TAIL CORP | [OTTR](https://holderbook.com/stocks/OTTR/) | $340.3K | 4,482 | 0.8% | 12 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $326.3K | 5,702 | 0.7% | 12 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $302.9K | 594 | 0.7% | 4 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $250.3K | 8,140 | 0.6% | 12 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $249.4K | 661 | 0.6% | 12 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $228.1K | 5,424 | 0.5% | 12 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $222.8K | 3,521 | 0.5% | 12 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $221.2K | 5,134 | 0.5% | 2 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $210.8K | 2,617 | 0.5% | 12 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $204.6K | 5,644 | 0.5% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $201.3K | 1,712 | 0.5% | 12 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $198.3K | 14,137 | 0.4% | 8 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $197.2K | 1,322 | 0.4% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $195.3K | 7,132 | 0.4% | 12 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $188.8K | 1,346 | 0.4% | 12 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $187.4K | 3,223 | 0.4% | 12 |
| HERCULES CAPITAL INC | [HTGC](https://holderbook.com/stocks/HTGC/) | $172.4K | 10,500 | 0.4% | 7 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $167.6K | 780 | 0.4% | 4 |
| PROSPECT CAP CORP | [PSEC](https://holderbook.com/stocks/PSEC/) | $154.9K | 25,596 | 0.3% | 12 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $149.1K | 884 | 0.3% | 12 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $141.7K | 1,275 | 0.3% | 12 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $133.8K | 490 | 0.3% | 12 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $130.6K | 2,333 | 0.3% | 12 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $129.8K | 3,198 | 0.3% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $123.6K | 972 | 0.3% | 12 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $122.6K | 4,000 | 0.3% | 12 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $122.4K | 1,627 | 0.3% | 12 |
| COHEN & STEERS TOTAL RETURN | [RFI](https://holderbook.com/stocks/RFI/) | $114.2K | 10,893 | 0.3% | 12 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $112.9K | 3,483 | 0.3% | 12 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $104.6K | 2,392 | 0.2% | 5 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $101.4K | 444 | 0.2% | 4 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $97.4K | 1,950 | 0.2% | 12 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $97.3K | 880 | 0.2% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $95.5K | 730 | 0.2% | 12 |
| CALAMOS CONV OPPORTUNITIES & | [CHI](https://holderbook.com/stocks/CHI/) | $95.1K | 9,022 | 0.2% | 12 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $94.7K | 1,867 | 0.2% | 12 |
| PIMCO CORPORATE & INCOME OPP | [PTY](https://holderbook.com/stocks/PTY/) | $89.4K | 6,843 | 0.2% | 12 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $85.3K | 168 | 0.2% | 12 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $85.0K | 5,658 | 0.2% | 12 |
| BNY MELLON STRATEGIC MUNS IN | [LEO](https://holderbook.com/stocks/LEO/) | $83.9K | 15,733 | 0.2% | 12 |
| ALPS ETF TR | [OUSA](https://holderbook.com/stocks/OUSA/) | $80.9K | 1,930 | 0.2% | 6 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $80.2K | 394 | 0.2% | 12 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $79.2K | 898 | 0.2% | 12 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $77.2K | 456 | 0.2% | 12 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $76.3K | 2,147 | 0.2% | 12 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $76.0K | 2,776 | 0.2% | 12 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $75.2K | 2,494 | 0.2% | 3 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $75.2K | 548 | 0.2% | 4 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $74.3K | 3,010 | 0.2% | 12 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $74.1K | 1,518 | 0.2% | 12 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $70.8K | 747 | 0.2% | 5 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $67.4K | 2,011 | 0.2% | 12 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $65.4K | 130 | 0.1% | 12 |
| ANNALY CAPITAL MANAGEMENT IN | [NLY](https://holderbook.com/stocks/NLY/) | $64.7K | 3,442 | 0.1% | 5 |
| LITMAN GREGORY FDS TR | [DBMF](https://holderbook.com/stocks/DBMF/) | $64.0K | 2,216 | 0.1% | 5 |
| DNP SELECT INCOME FD INC | [DNP](https://holderbook.com/stocks/DNP/) | $61.0K | 6,413 | 0.1% | 12 |
| OAKTREE SPECIALTY LENDING | [OCSL](https://holderbook.com/stocks/OCSL/) | $58.9K | 2,929 | 0.1% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $58.5K | 70 | 0.1% | 12 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $56.2K | 385 | 0.1% | 12 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $55.3K | 1,353 | 0.1% | 12 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $55.2K | 127 | 0.1% | 12 |
| SPIRIT AIRLS INC | [SAVEQ](https://holderbook.com/stocks/SAVEQ/) | $48.7K | 2,950 | 0.1% | 12 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $47.1K | 249 | 0.1% | 5 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $46.8K | 2,821 | 0.1% | 12 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $46.6K | 224 | 0.1% | 5 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $45.8K | 1,182 | 0.1% | 12 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $45.3K | 150 | 0.1% | 12 |
| ALLETE INC | [ALE](https://holderbook.com/stocks/ALE/) | $45.2K | 856 | 0.1% | 12 |
| FST TR NEW OPPORT MLP & ENE | [FPL](https://holderbook.com/stocks/FPL/) | $45.1K | 7,200 | 0.1% | 12 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $44.9K | 424 | 0.1% | 12 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $43.7K | 500 | 0.1% | 12 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $43.3K | 284 | 0.1% | 8 |
| HEALTHCARE RLTY TR | [HR](https://holderbook.com/stocks/HR/) | $43.2K | 2,828 | 0.1% | 5 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $43.1K | 570 | 0.1% | 12 |
| ISHARES TR | [USRT](https://holderbook.com/stocks/USRT/) | $43.0K | 912 | 0.1% | 5 |
| ABRDN GLOBAL INFRA INCOME FU | [ASGI](https://holderbook.com/stocks/ASGI/) | $42.8K | 2,658 | 0.1% | 3 |
| NUVEEN QUALITY MUNCP INCOME | [NAD](https://holderbook.com/stocks/NAD/) | $40.6K | 4,005 | 0.1% | 12 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $37.9K | 613 | 0.1% | 5 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $37.3K | 403 | 0.1% | 12 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $35.5K | 1,000 | 0.1% | 4 |

## 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 2023 | -3.9% | -3.6% | -0.3% | 100% |
| Q2 2023 | +9.1% | +8.3% | +0.8% | 100% |
| Q1 2023 | +3.8% | +7.0% | -3.2% | 100% |
| Q4 2022 | +6.1% | +7.1% | -0.9% | 100% |
| Q3 2022 | -6.0% | -5.3% | -0.7% | 100% |
| Q2 2022 | -13.2% | -16.5% | +3.2% | 100% |
| Q1 2022 | -5.7% | -4.9% | -0.8% | 100% |
| Q4 2021 | +10.7% | +10.7% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $44.7M | 376 |
| Q2 2023 | $112.7M | 369 |
| Q1 2023 | $69.6M | 385 |
| Q4 2022 | $27.3M | 369 |
| Q3 2022 | $26.2M | 325 |
| Q2 2022 | $74.4M | 300 |
| Q1 2022 | $70.5M | 274 |
| Q4 2021 | $133.3M | 295 |
| Q3 2021 | $122.4M | 310 |
| Q2 2021 | $101.6M | 290 |
| Q1 2021 | $95.5M | 264 |
| Q4 2020 | $105.0M | 267 |