# SP Asset Management

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1751817. Source: https://holderbook.com/funds/1751817-sp-asset-management/

- Reported value: $730.7M
- Positions: 107
- Weight of the ten largest: 47.1%
- Filed: 2022-11-09

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 |
|---|---|---|---|---|---|
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $96.2M | 709,351 | 13.2% | 16 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $45.6M | 1,438,552 | 6.2% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $40.4M | 79,974 | 5.5% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $27.5M | 198,857 | 3.8% | 16 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $26.1M | 521,466 | 3.6% | 10 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $25.1M | 186,903 | 3.4% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $23.5M | 87,834 | 3.2% | 16 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $20.2M | 166,785 | 2.8% | 9 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $19.8M | 79,192 | 2.7% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $19.7M | 84,499 | 2.7% | 16 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $19.0M | 88,720 | 2.6% | 16 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $15.9M | 92,824 | 2.2% | 4 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $15.8M | 139,431 | 2.2% | 11 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $15.2M | 503,473 | 2.1% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $15.1M | 92,355 | 2.1% | 16 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $14.4M | 127,050 | 2.0% | 16 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $13.8M | 344,098 | 1.9% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $13.4M | 140,460 | 1.8% | 15 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $12.9M | 68,808 | 1.8% | 16 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $12.9M | 179,534 | 1.8% | 11 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $12.8M | 132,148 | 1.7% | 16 |
| NUTANIX INC | [NTNX](https://holderbook.com/stocks/NTNX/) | $11.0M | 526,360 | 1.5% | 16 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $10.9M | 39,608 | 1.5% | 16 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $10.4M | 74,747 | 1.4% | 16 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $8.9M | 103,588 | 1.2% | 16 |
| PROSHARES TR | [SSO](https://holderbook.com/stocks/SSO/) | $8.3M | 208,031 | 1.1% | 16 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $7.8M | 159,666 | 1.1% | 5 |
| ORGANON & CO | [OGN](https://holderbook.com/stocks/OGN/) | $7.0M | 299,271 | 1.0% | 6 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $7.0M | 59,426 | 1.0% | 10 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $6.9M | 139,687 | 0.9% | 14 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $6.8M | 112,032 | 0.9% | 16 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.4M | 73,692 | 0.9% | 16 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $6.2M | 128,305 | 0.8% | 9 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $6.0M | 71,721 | 0.8% | 16 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $5.9M | 69,965 | 0.8% | 16 |
| ISHARES TR | [IYH](https://holderbook.com/stocks/IYH/) | $5.6M | 22,048 | 0.8% | 16 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $5.4M | 32,957 | 0.7% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.2M | 53,820 | 0.7% | 16 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $5.0M | 39,829 | 0.7% | 16 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $4.8M | 55,847 | 0.7% | 9 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $4.8M | 51,977 | 0.7% | 9 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $4.6M | 33,894 | 0.6% | 16 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $4.3M | 30,044 | 0.6% | 10 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $3.8M | 79,517 | 0.5% | 15 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $3.5M | 63,473 | 0.5% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $3.5M | 94,770 | 0.5% | 13 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $3.4M | 98,516 | 0.5% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.4M | 19,131 | 0.5% | 11 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $3.3M | 60,257 | 0.5% | 4 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $3.1M | 15,369 | 0.4% | 16 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.1M | 8,779 | 0.4% | 12 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.9M | 46,060 | 0.4% | 3 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $2.8M | 82,939 | 0.4% | 16 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $2.8M | 48,137 | 0.4% | 16 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $2.4M | 14,115 | 0.3% | 16 |
| DIREXION SHARES ETF TRUST | [TNA](https://holderbook.com/stocks/TNA/) | $2.3M | 79,926 | 0.3% | 16 |
| EXCHANGE TRADED CONCEPTS TRU | [EMQQ](https://holderbook.com/stocks/EMQQ/) | $2.2M | 83,809 | 0.3% | 10 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.1M | 6,385 | 0.3% | 16 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.0M | 24,486 | 0.3% | 16 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $1.9M | 44,337 | 0.3% | 16 |
| ISHARES TR | [IAK](https://holderbook.com/stocks/IAK/) | $1.6M | 20,367 | 0.2% | 16 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.4M | 13,094 | 0.2% | 16 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.3M | 11,013 | 0.2% | 9 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.3M | 13,238 | 0.2% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.2M | 4,403 | 0.2% | 10 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.1M | 43,859 | 0.2% | 16 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $970.0K | 31,941 | 0.1% | 10 |
| GLOBAL X FDS | [PFFD](https://holderbook.com/stocks/PFFD/) | $928.0K | 45,266 | 0.1% | 5 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $900.0K | 3,269 | 0.1% | 16 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $886.0K | 6,973 | 0.1% | 8 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $870.0K | 3,257 | 0.1% | 16 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $848.0K | 4,726 | 0.1% | 5 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $795.0K | 7,572 | 0.1% | 6 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $770.0K | 7,500 | 0.1% | 9 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $761.0K | 2,352 | 0.1% | 13 |
| ISHARES TR | [ICF](https://holderbook.com/stocks/ICF/) | $758.0K | 14,125 | 0.1% | 6 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $724.0K | 20,210 | 0.1% | 2 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $686.0K | 3,259 | 0.1% | 9 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $658.0K | 9,512 | 0.1% | 15 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $625.0K | 2,654 | 0.1% | 9 |
| PROSHARES TR | [TQQQ](https://holderbook.com/stocks/TQQQ/) | $618.0K | 32,000 | 0.1% | 10 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $587.0K | 15,113 | 0.1% | 5 |
| DIREXION SHARES ETF TRUST | [FAS](https://holderbook.com/stocks/FAS/) | $572.0K | 10,557 | 0.1% | 9 |
| ARK ETF TR | [ARKG](https://holderbook.com/stocks/ARKG/) | $515.0K | 15,667 | 0.1% | 8 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $510.0K | 7,173 | 0.1% | 12 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $477.0K | 9,501 | 0.1% | 6 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $452.0K | 1,590 | 0.1% | 10 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $426.0K | 1,945 | 0.1% | 16 |
| CITRIX SYS INC | [CTXS](https://holderbook.com/stocks/CTXS/) | $415.0K | 3,996 | 0.1% | 16 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $363.0K | 3,847 | 0.0% | 16 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $319.0K | 7,966 | 0.0% | 16 |
| PROSHARES TR | [UWM](https://holderbook.com/stocks/UWM/) | $305.0K | 10,592 | 0.0% | 7 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $304.0K | 14,488 | 0.0% | 16 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $301.0K | 200 | 0.0% | 9 |
| INVESCO EXCH TRADED FD TR II | [PSCH](https://holderbook.com/stocks/PSCH/) | $299.0K | 2,271 | 0.0% | 6 |
| UBIQUITI INC | [UI](https://holderbook.com/stocks/UI/) | $294.0K | 1,000 | 0.0% | 8 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $291.0K | 7,209 | 0.0% | 16 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $291.0K | 3,950 | 0.0% | 2 |
| FIRST TR EXCHANGE-TRADED FD | [QCLN](https://holderbook.com/stocks/QCLN/) | $287.0K | 5,030 | 0.0% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $235.0K | 2,248 | 0.0% | 14 |

## 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 | -6.4% | -5.3% | -1.1% | 100% |
| Q2 2022 | -16.3% | -16.5% | +0.2% | 100% |
| Q1 2022 | -11.2% | -4.9% | -6.3% | 106% |
| Q4 2021 | +5.3% | +10.7% | -5.4% | 99% |
| Q3 2021 | -1.0% | +0.3% | -1.2% | 100% |
| Q2 2021 | +10.5% | +8.0% | +2.5% | 94% |
| Q1 2021 | +5.4% | +6.0% | -0.6% | 98% |
| Q4 2020 | +9.4% | +11.6% | -2.2% | 94% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $730.7M | 107 |
| Q2 2022 | $784.4M | 113 |
| Q1 2022 | $929.1M | 125 |
| Q4 2021 | $999.9M | 126 |
| Q3 2021 | $957.1M | 125 |
| Q2 2021 | $910.1M | 121 |
| Q1 2021 | $804.7M | 107 |
| Q4 2020 | $725.8M | 104 |
| Q3 2020 | $651.2M | 97 |
| Q2 2020 | $476.8M | 84 |
| Q1 2020 | $367.7M | 80 |
| Q4 2019 | $436.6M | 78 |