# Lehman & Derafelo Financial Resources LLC

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1767952. Source: https://holderbook.com/funds/1767952-lehman-derafelo-financial-resources-llc/

- Reported value: $337.1M
- Positions: 110
- Weight of the ten largest: 68.4%
- Filed: 2023-01-20

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 |
|---|---|---|---|---|---|
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $97.0M | 1,160,606 | 28.8% | 17 |
| TIDAL TRUST I | [LBAY](https://holderbook.com/stocks/LBAY/) | $30.1M | 1,025,944 | 8.9% | 9 |
| XPLR INFRASTRUCTURE LP | [XIFR](https://holderbook.com/stocks/XIFR/) | $25.2M | 359,102 | 7.5% | 17 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $19.6M | 63,582 | 5.8% | 17 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $11.1M | 131,737 | 3.3% | 17 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $10.9M | 211,824 | 3.2% | 17 |
| FIDELITY COVINGTON TRUST | [FDRR](https://holderbook.com/stocks/FDRR/) | $10.5M | 263,357 | 3.1% | 17 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $10.1M | 108,233 | 3.0% | 14 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $9.1M | 275,085 | 2.7% | 17 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $7.2M | 18,697 | 2.1% | 17 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $6.3M | 119,317 | 1.9% | 11 |
| MAGELLAN MIDSTREAM PRTNRS LP | [MMP](https://holderbook.com/stocks/MMP/) | $5.5M | 109,054 | 1.6% | 17 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.3M | 40,450 | 1.6% | 17 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.7M | 12,336 | 1.4% | 17 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.7M | 42,190 | 1.4% | 17 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $3.0M | 14,203 | 0.9% | 14 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $2.6M | 54,450 | 0.8% | 8 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $2.6M | 51,325 | 0.8% | 12 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.6M | 14,592 | 0.8% | 17 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $2.5M | 103,770 | 0.7% | 17 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.5M | 10,404 | 0.7% | 17 |
| GOLUB CAP BDC INC | [GBDC](https://holderbook.com/stocks/GBDC/) | $2.5M | 189,042 | 0.7% | 10 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $2.3M | 26,777 | 0.7% | 17 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $2.2M | 44,066 | 0.7% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.1M | 19,098 | 0.6% | 17 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $1.9M | 18,605 | 0.6% | 17 |
| SPDR SER TR | [SLY](https://holderbook.com/stocks/SLY/) | $1.9M | 22,519 | 0.5% | 17 |
| BLACKROCK CR ALLOCATION | [BTZ](https://holderbook.com/stocks/BTZ/) | $1.8M | 180,378 | 0.5% | 17 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.8M | 20,441 | 0.5% | 17 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.6M | 17,304 | 0.5% | 17 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $1.6M | 73,820 | 0.5% | 17 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $1.6M | 27,538 | 0.5% | 17 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.6M | 20,884 | 0.5% | 17 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.5M | 5,446 | 0.4% | 14 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $1.4M | 42,170 | 0.4% | 17 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.4M | 9,236 | 0.4% | 17 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $1.4M | 48,053 | 0.4% | 17 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $1.3M | 115,534 | 0.4% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.2M | 14,045 | 0.4% | 17 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.2M | 7,247 | 0.4% | 17 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.2M | 5,709 | 0.4% | 17 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.1M | 11,112 | 0.3% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $1.1M | 12,300 | 0.3% | 17 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $1.0M | 21,679 | 0.3% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.0M | 3,192 | 0.3% | 17 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $960.8K | 7,318 | 0.3% | 17 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $937.4K | 2 | 0.3% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $889.0K | 4,953 | 0.3% | 17 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $876.6K | 2,521 | 0.3% | 1 |
| PIMCO DYNAMIC INCOME FD | [PDI](https://holderbook.com/stocks/PDI/) | $861.3K | 46,606 | 0.3% | 5 |
| BLACKROCK MUN TARGET TERM TR | [BTT](https://holderbook.com/stocks/BTT/) | $858.1K | 40,304 | 0.3% | 17 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $777.6K | 2,347 | 0.2% | 17 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $727.3K | 5,997 | 0.2% | 11 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $657.9K | 6,500 | 0.2% | 1 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $655.9K | 56,400 | 0.2% | 17 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $638.7K | 4,763 | 0.2% | 15 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $606.3K | 9,559 | 0.2% | 17 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $578.3K | 4,078 | 0.2% | 17 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $562.9K | 3,230 | 0.2% | 5 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $532.3K | 1,166 | 0.2% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $531.1K | 6,020 | 0.2% | 17 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $526.3K | 2,197 | 0.2% | 17 |
| INVESCO EXCHANGE TRADED FD T | [PKW](https://holderbook.com/stocks/PKW/) | $513.4K | 6,000 | 0.2% | 17 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $501.9K | 2,778 | 0.1% | 15 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $478.4K | 5,507 | 0.1% | 17 |
| SABRE CORP | [SABR](https://holderbook.com/stocks/SABR/) | $462.0K | 74,752 | 0.1% | 4 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $409.0K | 2,147 | 0.1% | 17 |
| WASHINGTON TR BANCORP INC | [WASH](https://holderbook.com/stocks/WASH/) | $408.0K | 8,647 | 0.1% | 16 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $407.4K | 4,290 | 0.1% | 17 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $404.0K | 1,533 | 0.1% | 17 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $380.0K | 1,289 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $372.4K | 1,948 | 0.1% | 13 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $371.1K | 7,774 | 0.1% | 12 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $358.9K | 5,642 | 0.1% | 15 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $357.7K | 19,430 | 0.1% | 17 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $357.6K | 9,076 | 0.1% | 17 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $344.1K | 19,030 | 0.1% | 9 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $334.6K | 1,616 | 0.1% | 17 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $328.0K | 2,328 | 0.1% | 11 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $324.6K | 2,008 | 0.1% | 11 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $320.5K | 3,825 | 0.1% | 6 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $319.6K | 9,698 | 0.1% | 15 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $318.4K | 2,646 | 0.1% | 17 |
| VANECK MERK GOLD ETF | [OUNZ](https://holderbook.com/stocks/OUNZ/) | $314.9K | 17,800 | 0.1% | 8 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $306.8K | 3,040 | 0.1% | 11 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $304.5K | 901 | 0.1% | 1 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $303.1K | 6,019 | 0.1% | 1 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $302.7K | 590 | 0.1% | 8 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $299.4K | 4,193 | 0.1% | 15 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $296.5K | 3,627 | 0.1% | 17 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $268.8K | 5,942 | 0.1% | 17 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $265.1K | 2,805 | 0.1% | 17 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $259.6K | 2,724 | 0.1% | 17 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $255.6K | 7,308 | 0.1% | 1 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $254.4K | 6,713 | 0.1% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $243.1K | 2,451 | 0.1% | 1 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $238.1K | 1,753 | 0.1% | 17 |
| ISHARES TR | [LRGF](https://holderbook.com/stocks/LRGF/) | $234.1K | 6,000 | 0.1% | 17 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $229.9K | 933 | 0.1% | 1 |
| TRUST FOR PROFESSIONAL MANAG | [CUSD](https://holderbook.com/stocks/CUSD/) | $229.5K | 11,100 | 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 |
|---|---|---|---|---|
| Q4 2022 | +6.6% | +7.1% | -0.5% | 99% |
| Q3 2022 | -3.0% | -5.3% | +2.3% | 100% |
| Q2 2022 | -11.9% | -16.5% | +4.6% | 100% |
| Q1 2022 | -3.5% | -4.9% | +1.4% | 99% |
| Q4 2021 | +11.3% | +10.7% | +0.7% | 99% |
| Q3 2021 | +1.3% | +0.3% | +1.0% | 99% |
| Q2 2021 | +3.9% | +8.0% | -4.1% | 99% |
| Q1 2021 | +3.9% | +6.0% | -2.1% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $337.1M | 110 |
| Q3 2022 | $317.2M | 197 |
| Q2 2022 | $323.3M | 201 |
| Q1 2022 | $359.7M | 111 |
| Q4 2021 | $330.9M | 110 |
| Q3 2021 | $307.7M | 196 |
| Q2 2021 | $365.8M | 221 |
| Q1 2021 | $356.1M | 225 |
| Q4 2020 | $334.2M | 226 |
| Q3 2020 | $314.3M | 236 |
| Q2 2020 | $286.4M | 230 |
| Q1 2020 | $240.4M | 195 |