# Hotaling Investment Management, LLC

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1761645. Source: https://holderbook.com/funds/1761645-hotaling-investment-management-llc/

- Reported value: $221.2M
- Positions: 121
- Weight of the ten largest: 35.2%
- Filed: 2023-02-14

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $16.4M | 126,570 | 7.4% | 17 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $13.4M | 55,916 | 6.1% | 17 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.7M | 87,752 | 3.5% | 17 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $7.7M | 43,491 | 3.5% | 17 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.3M | 11,915 | 2.9% | 17 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.9M | 69,738 | 2.6% | 17 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $5.5M | 65,710 | 2.5% | 17 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $5.2M | 7,306 | 2.3% | 17 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $4.9M | 27,184 | 2.2% | 17 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $4.7M | 11,042 | 2.1% | 11 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $4.6M | 63,585 | 2.1% | 8 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $4.6M | 18,868 | 2.1% | 17 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $3.9M | 25,910 | 1.7% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.8M | 18,456 | 1.7% | 17 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.8M | 23,601 | 1.7% | 17 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $3.8M | 17,772 | 1.7% | 17 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $3.8M | 22,536 | 1.7% | 12 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $3.7M | 71,697 | 1.7% | 17 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $3.5M | 22,298 | 1.6% | 17 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $3.5M | 13,081 | 1.6% | 17 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $3.3M | 45,763 | 1.5% | 17 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $3.1M | 14,648 | 1.4% | 17 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.9M | 25,138 | 1.3% | 17 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $2.8M | 10,457 | 1.3% | 17 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.7M | 19,887 | 1.2% | 17 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.6M | 23,792 | 1.2% | 17 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $2.5M | 36,228 | 1.2% | 1 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $2.5M | 18,152 | 1.1% | 17 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $2.4M | 9,634 | 1.1% | 17 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $2.3M | 1,674 | 1.1% | 12 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.3M | 15,538 | 1.0% | 11 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $2.2M | 20,256 | 1.0% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.1M | 6,802 | 1.0% | 17 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $1.9M | 42,458 | 0.9% | 9 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $1.9M | 30,395 | 0.9% | 5 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $1.8M | 6,195 | 0.8% | 3 |
| HOLOGIC INC | [HOLX](https://holderbook.com/stocks/HOLX/) | $1.8M | 23,408 | 0.8% | 3 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $1.7M | 28,395 | 0.8% | 2 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.7M | 15,209 | 0.8% | 17 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.7M | 3,755 | 0.8% | 16 |
| FIRST INDL RLTY TR INC | [FR](https://holderbook.com/stocks/FR/) | $1.7M | 35,357 | 0.8% | 17 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.7M | 26,789 | 0.8% | 17 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $1.7M | 14,049 | 0.7% | 5 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $1.6M | 10,644 | 0.7% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.6M | 2,825 | 0.7% | 9 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.6M | 23,595 | 0.7% | 10 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.6M | 7,587 | 0.7% | 17 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.5M | 15,993 | 0.7% | 17 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $1.5M | 15,937 | 0.7% | 2 |
| KNIGHT-SWIFT TRANSN HLDGS IN | [KNX](https://holderbook.com/stocks/KNX/) | $1.5M | 28,797 | 0.7% | 7 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $1.5M | 6,317 | 0.7% | 9 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $1.5M | 10,270 | 0.7% | 4 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $1.4M | 12,942 | 0.7% | 17 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $1.4M | 19,685 | 0.6% | 16 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $1.4M | 46,341 | 0.6% | 14 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $1.3M | 19,914 | 0.6% | 17 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $1.3M | 8,860 | 0.6% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.3M | 11,609 | 0.6% | 17 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.3M | 9,303 | 0.6% | 10 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.2M | 4,182 | 0.6% | 12 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.2M | 3,309 | 0.5% | 12 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.2M | 595 | 0.5% | 17 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $1.2M | 83,510 | 0.5% | 17 |
| EASTMAN CHEM CO | [EMN](https://holderbook.com/stocks/EMN/) | $1.2M | 14,191 | 0.5% | 11 |
| LIGHT & WONDER INC | [LNWO](https://holderbook.com/stocks/LNWO/) | $1.2M | 19,663 | 0.5% | 8 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $1.1M | 1,539 | 0.5% | 1 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $1.1M | 6,098 | 0.5% | 4 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $955.0K | 16,328 | 0.4% | 17 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $954.0K | 7,745 | 0.4% | 9 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $916.0K | 6,498 | 0.4% | 17 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $891.0K | 1,915 | 0.4% | 1 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $850.0K | 8,480 | 0.4% | 17 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $806.0K | 23,062 | 0.4% | 17 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $684.0K | 4,361 | 0.3% | 16 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $662.0K | 2,771 | 0.3% | 17 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $641.0K | 2,489 | 0.3% | 11 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $608.0K | 5,538 | 0.3% | 17 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $561.0K | 2,342 | 0.3% | 4 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $553.0K | 4,400 | 0.3% | 17 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $514.0K | 10,251 | 0.2% | 13 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $492.0K | 13,998 | 0.2% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $463.0K | 4,667 | 0.2% | 12 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $401.0K | 1,048 | 0.2% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $388.0K | 9,841 | 0.2% | 17 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $380.0K | 2,509 | 0.2% | 17 |
| WISDOMTREE TR | [DTD](https://holderbook.com/stocks/DTD/) | $357.0K | 5,880 | 0.2% | 17 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $343.0K | 1,109 | 0.2% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $335.0K | 1,868 | 0.2% | 5 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $334.0K | 3,244 | 0.2% | 17 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $316.0K | 1,281 | 0.1% | 11 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $284.0K | 10,731 | 0.1% | 17 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $284.0K | 1,001 | 0.1% | 6 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $282.0K | 15,293 | 0.1% | 5 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $277.0K | 5,302 | 0.1% | 9 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $277.0K | 2,509 | 0.1% | 2 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $271.0K | 4,751 | 0.1% | 7 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $256.0K | 8,000 | 0.1% | 2 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $253.0K | 1,573 | 0.1% | 6 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $253.0K | 2,021 | 0.1% | 6 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $250.0K | 7,144 | 0.1% | 13 |

## 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 |
|---|---|---|---|---|
| Q4 2022 | +6.1% | +7.1% | -1.0% | 100% |
| Q3 2022 | -5.0% | -5.3% | +0.4% | 100% |
| Q2 2022 | -16.0% | -16.5% | +0.5% | 100% |
| Q1 2022 | -7.0% | -4.9% | -2.0% | 100% |
| Q4 2021 | +10.4% | +10.7% | -0.3% | 100% |
| Q3 2021 | +0.3% | +0.3% | +0.0% | 100% |
| Q2 2021 | +8.9% | +8.0% | +0.9% | 100% |
| Q1 2021 | +4.6% | +6.0% | -1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $221.2M | 121 |
| Q3 2022 | $208.5M | 111 |
| Q2 2022 | $230.2M | 121 |
| Q1 2022 | $260.2M | 127 |
| Q4 2021 | $288.0M | 132 |
| Q3 2021 | $240.7M | 121 |
| Q2 2021 | $246.0M | 125 |
| Q1 2021 | $222.7M | 113 |
| Q4 2020 | $214.4M | 113 |
| Q3 2020 | $185.0M | 106 |
| Q2 2020 | $173.3M | 105 |
| Q1 2020 | $134.3M | 95 |