# BMT INVESTMENT ADVISORS

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1772453. Source: https://holderbook.com/funds/1772453-bmt-investment-advisors/

- Reported value: $159.3M
- Positions: 80
- Weight of the ten largest: 24.1%
- Filed: 2020-04-23

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/) | $6.0M | 23,722 | 3.8% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.2M | 32,953 | 3.3% | 11 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $4.0M | 17,228 | 2.5% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.9M | 43,205 | 2.4% | 11 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $3.8M | 13,282 | 2.4% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.6M | 15,085 | 2.3% | 11 |
| CACI INTL INC | [CACI](https://holderbook.com/stocks/CACI/) | $3.4M | 15,913 | 2.1% | 11 |
| HORMEL FOODS CORP | [HRL](https://holderbook.com/stocks/HRL/) | $2.9M | 61,587 | 1.8% | 11 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $2.9M | 21,430 | 1.8% | 11 |
| TELEFLEX INCORPORATED | [TFX](https://holderbook.com/stocks/TFX/) | $2.8M | 9,716 | 1.8% | 11 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.8M | 35,589 | 1.8% | 11 |
| LHC GROUP INC | [LHCG](https://holderbook.com/stocks/LHCG/) | $2.8M | 19,837 | 1.7% | 8 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.7M | 56,706 | 1.7% | 11 |
| SOUTHSTATE CORPORATION | [SSBXXXX](https://holderbook.com/stocks/SSBXXXX/) | $2.7M | 45,665 | 1.7% | 11 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.7M | 49,830 | 1.7% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.6M | 2,276 | 1.7% | 6 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $2.6M | 29,315 | 1.6% | 10 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $2.6M | 15,620 | 1.6% | 11 |
| NORDSON CORP | [NDSN](https://holderbook.com/stocks/NDSN/) | $2.6M | 19,082 | 1.6% | 11 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $2.5M | 17,486 | 1.6% | 3 |
| MASIMO CORP | [MASI](https://holderbook.com/stocks/MASI/) | $2.5M | 14,100 | 1.6% | 11 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.4M | 11,971 | 1.5% | 6 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $2.4M | 20,236 | 1.5% | 11 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.4M | 61,357 | 1.5% | 11 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $2.4M | 26,646 | 1.5% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.4M | 18,187 | 1.5% | 11 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $2.3M | 24,956 | 1.5% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.2M | 18,709 | 1.4% | 11 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $2.2M | 34,675 | 1.4% | 11 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $2.1M | 33,316 | 1.3% | 11 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $2.1M | 68,547 | 1.3% | 2 |
| CIRRUS LOGIC INC | [CRUS](https://holderbook.com/stocks/CRUS/) | $2.1M | 31,780 | 1.3% | 11 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $2.0M | 14,000 | 1.3% | 11 |
| ATLANTIC UN BANKSHARES CORP | [AUB](https://holderbook.com/stocks/AUB/) | $2.0M | 92,310 | 1.3% | 4 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $2.0M | 98,009 | 1.3% | 11 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $2.0M | 74,616 | 1.3% | 11 |
| MAXIMUS INC | [MMS](https://holderbook.com/stocks/MMS/) | $2.0M | 34,456 | 1.3% | 11 |
| UNIVERSAL FST PRODS INC | [UFPIXXXX](https://holderbook.com/stocks/UFPIXXXX/) | $2.0M | 53,500 | 1.2% | 4 |
| BRADY CORP | [BRC](https://holderbook.com/stocks/BRC/) | $1.8M | 40,400 | 1.1% | 11 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $1.8M | 20,082 | 1.1% | 11 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.8M | 20,650 | 1.1% | 2 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $1.8M | 13,974 | 1.1% | 11 |
| CAMDEN NATL CORP | [CAC](https://holderbook.com/stocks/CAC/) | $1.8M | 55,694 | 1.1% | 11 |
| BADGER METER INC | [BMI](https://holderbook.com/stocks/BMI/) | $1.8M | 32,671 | 1.1% | 11 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.7M | 36,918 | 1.1% | 11 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $1.7M | 26,132 | 1.0% | 11 |
| ABM INDS INC | [ABM](https://holderbook.com/stocks/ABM/) | $1.6M | 66,874 | 1.0% | 11 |
| AMCOR PLC | [AMCR](https://holderbook.com/stocks/AMCR/) | $1.6M | 200,481 | 1.0% | 4 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.6M | 12,666 | 1.0% | 11 |
| STANDEX INTL CORP | [SXI](https://holderbook.com/stocks/SXI/) | $1.6M | 32,605 | 1.0% | 11 |
| CUBIC CORP | [CUB](https://holderbook.com/stocks/CUB/) | $1.6M | 38,658 | 1.0% | 11 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $1.6M | 11,263 | 1.0% | 11 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $1.6M | 29,932 | 1.0% | 10 |
| SENSIENT TECHNOLOGIES CORP | [SXT](https://holderbook.com/stocks/SXT/) | $1.6M | 35,728 | 1.0% | 11 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $1.5M | 28,533 | 1.0% | 11 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.5M | 45,368 | 1.0% | 11 |
| ASTEC INDS INC | [ASTE](https://holderbook.com/stocks/ASTE/) | $1.5M | 42,951 | 0.9% | 11 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.5M | 51,469 | 0.9% | 11 |
| APTIV PLC | [APTVXXXX](https://holderbook.com/stocks/APTVXXXX/) | $1.4M | 29,440 | 0.9% | 10 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.4M | 19,350 | 0.9% | 4 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $1.4M | 32,964 | 0.9% | 11 |
| MERIT MED SYS INC | [MMSI](https://holderbook.com/stocks/MMSI/) | $1.4M | 44,644 | 0.9% | 11 |
| HEXCEL CORP NEW | [HXL](https://holderbook.com/stocks/HXL/) | $1.4M | 37,226 | 0.9% | 11 |
| QUAKER HOUGHTON | [KWR](https://holderbook.com/stocks/KWR/) | $1.3M | 10,200 | 0.8% | 11 |
| BRUNSWICK CORP | [BC](https://holderbook.com/stocks/BC/) | $1.2M | 34,013 | 0.8% | 10 |
| U S PHYSICAL THERAPY | [USPH](https://holderbook.com/stocks/USPH/) | $1.2M | 17,278 | 0.7% | 11 |
| DUPONT DE NEMOURS INC | [DD](https://holderbook.com/stocks/DD/) | $1.2M | 33,782 | 0.7% | 4 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $1.1M | 20,842 | 0.7% | 11 |
| ATLAS AIR WORLDWIDE HLDGS IN | [AAWW](https://holderbook.com/stocks/AAWW/) | $1.1M | 44,136 | 0.7% | 11 |
| WOLVERINE WORLD WIDE INC | [WWW](https://holderbook.com/stocks/WWW/) | $1.1M | 71,392 | 0.7% | 11 |
| MTS SYS CORP | [MTSC](https://holderbook.com/stocks/MTSC/) | $827.0K | 36,759 | 0.5% | 11 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $795.0K | 22,131 | 0.5% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $758.0K | 19,950 | 0.5% | 3 |
| DORMAN PRODS INC | [DORM](https://holderbook.com/stocks/DORM/) | $727.0K | 13,147 | 0.5% | 6 |
| MOSAIC CO | [MOS](https://holderbook.com/stocks/MOS/) | $637.0K | 58,902 | 0.4% | 9 |
| AMERICAN EAGLE OUTFITTERS IN | [AEO](https://holderbook.com/stocks/AEO/) | $624.0K | 78,500 | 0.4% | 3 |
| PARAMOUNT GLOBAL | [PARA](https://holderbook.com/stocks/PARA/) | $609.0K | 43,455 | 0.4% | 2 |
| SPIRIT AEROSYSTEMS HLDGS INC | [SPR](https://holderbook.com/stocks/SPR/) | $591.0K | 24,685 | 0.4% | 11 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $571.0K | 42,320 | 0.4% | 11 |
| NORWEGIAN CRUISE LINE HLDGS | [NCLH](https://holderbook.com/stocks/NCLH/) | $333.0K | 30,346 | 0.2% | 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 |
|---|---|---|---|---|
| Q1 2020 | -26.5% | -19.9% | -6.6% | 100% |
| Q4 2019 | +7.3% | +8.5% | -1.2% | 100% |
| Q3 2019 | -0.2% | +1.3% | -1.4% | 99% |
| Q2 2019 | +2.9% | +3.7% | -0.8% | 97% |
| Q1 2019 | +13.9% | +13.0% | +0.9% | 100% |
| Q4 2018 | -15.6% | -14.0% | -1.6% | 99% |
| Q3 2018 | +7.2% | +7.2% | +0.1% | 100% |
| Q2 2018 | +4.8% | +3.1% | +1.7% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $159.3M | 80 |
| Q4 2019 | $217.3M | 81 |
| Q3 2019 | $195.7M | 82 |
| Q2 2019 | $190.8M | 83 |
| Q1 2019 | $183.0M | 80 |
| Q4 2018 | $157.6M | 81 |
| Q3 2018 | $174.2M | 79 |
| Q2 2018 | $156.7M | 79 |
| Q1 2018 | $148.3M | 81 |
| Q4 2017 | $138.0M | 80 |
| Q3 2017 | $108.4M | 76 |