# TRADITION ASSET MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2020 on Form 13F. CIK 1778396. Source: https://holderbook.com/funds/1778396-tradition-asset-management-llc/

- Reported value: $349.8M
- Positions: 174
- Weight of the ten largest: 23.1%
- Filed: 2020-08-06

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $11.1M | 54,413 | 3.2% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $10.7M | 75,847 | 3.0% | 5 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $10.0M | 129,167 | 2.9% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $8.7M | 28,362 | 2.5% | 5 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $7.8M | 79,829 | 2.2% | 5 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $6.8M | 150,977 | 1.9% | 5 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $6.6M | 75,664 | 1.9% | 5 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $6.5M | 100,243 | 1.9% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.4M | 17,642 | 1.8% | 5 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $6.3M | 166,574 | 1.8% | 5 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $6.3M | 54,828 | 1.8% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.0M | 63,740 | 1.7% | 5 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $5.7M | 225,889 | 1.6% | 5 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $5.7M | 27,439 | 1.6% | 5 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $5.6M | 61,465 | 1.6% | 5 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $5.4M | 90,618 | 1.5% | 5 |
| LINCOLN NATL CORP IND | [LNC](https://holderbook.com/stocks/LNC/) | $5.4M | 146,553 | 1.5% | 5 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $5.4M | 91,479 | 1.5% | 5 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $5.1M | 110,251 | 1.5% | 5 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $5.1M | 47,433 | 1.5% | 5 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $5.0M | 36,770 | 1.4% | 5 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $5.0M | 13,896 | 1.4% | 5 |
| HASBRO INC | [HAS](https://holderbook.com/stocks/HAS/) | $5.0M | 66,191 | 1.4% | 1 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $4.9M | 36,540 | 1.4% | 5 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $4.9M | 89,645 | 1.4% | 5 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $4.7M | 51,490 | 1.3% | 5 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $4.5M | 88,911 | 1.3% | 5 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $4.5M | 28,729 | 1.3% | 5 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $4.4M | 146,089 | 1.3% | 5 |
| WILLIS TOWERS WATSON PLC LTD | [WTW](https://holderbook.com/stocks/WTW/) | $4.4M | 22,308 | 1.3% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.4M | 3,081 | 1.2% | 5 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $4.2M | 33,126 | 1.2% | 5 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $3.8M | 90,020 | 1.1% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.6M | 29,922 | 1.0% | 5 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $3.5M | 25,815 | 1.0% | 5 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $3.5M | 20,361 | 1.0% | 5 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $3.4M | 12,597 | 1.0% | 1 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $3.2M | 44,280 | 0.9% | 5 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $3.2M | 28,662 | 0.9% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.2M | 13,904 | 0.9% | 5 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $3.0M | 14,043 | 0.9% | 5 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $2.9M | 20,321 | 0.8% | 5 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $2.8M | 28,279 | 0.8% | 5 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $2.8M | 19,823 | 0.8% | 5 |
| Elements US Portfolio | - | $2.7M | 217,113 | 0.8% | 5 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $2.7M | 16,429 | 0.8% | 5 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $2.7M | 18,102 | 0.8% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.7M | 962 | 0.8% | 5 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $2.6M | 13,010 | 0.7% | 5 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $2.5M | 33,866 | 0.7% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.4M | 9,664 | 0.7% | 5 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $2.4M | 18,395 | 0.7% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.3M | 7,548 | 0.7% | 5 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $2.3M | 150,762 | 0.7% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.2M | 40,139 | 0.6% | 5 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.2M | 19,781 | 0.6% | 5 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $2.2M | 36,166 | 0.6% | 5 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.2M | 22,764 | 0.6% | 5 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $2.1M | 19,965 | 0.6% | 5 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $2.1M | 9,837 | 0.6% | 5 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $2.1M | 18,210 | 0.6% | 5 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $2.1M | 23,027 | 0.6% | 5 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $2.0M | 223,305 | 0.6% | 5 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $2.0M | 11,505 | 0.6% | 5 |
| MSC INDL DIRECT INC | [MSM](https://holderbook.com/stocks/MSM/) | $1.9M | 26,415 | 0.5% | 4 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.8M | 19,798 | 0.5% | 5 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $1.8M | 62,348 | 0.5% | 5 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.7M | 8,610 | 0.5% | 5 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $1.7M | 27,867 | 0.5% | 1 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $1.6M | 40,652 | 0.5% | 5 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.6M | 8,712 | 0.5% | 5 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.6M | 14,029 | 0.4% | 5 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.5M | 6,392 | 0.4% | 5 |
| HORIZON BANCORP IND | [HBNC](https://holderbook.com/stocks/HBNC/) | $1.5M | 141,894 | 0.4% | 5 |
| VMWARE INC | [VMW](https://holderbook.com/stocks/VMW/) | $1.4M | 9,195 | 0.4% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.4M | 10,471 | 0.4% | 5 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $1.4M | 5,100 | 0.4% | 3 |
| EQUITRANS MIDSTREAM CORP | [ETRN](https://holderbook.com/stocks/ETRN/) | $1.2M | 150,210 | 0.4% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.2M | 13,377 | 0.3% | 5 |
| DXC TECHNOLOGY CO | [DXC](https://holderbook.com/stocks/DXC/) | $1.2M | 72,232 | 0.3% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.2M | 3,121 | 0.3% | 5 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.2M | 2,718 | 0.3% | 5 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.2M | 5,597 | 0.3% | 5 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.1M | 7,080 | 0.3% | 5 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.1M | 23,960 | 0.3% | 5 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.1M | 5,830 | 0.3% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.0M | 6,323 | 0.3% | 5 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $1.0M | 7,145 | 0.3% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.0M | 26,104 | 0.3% | 5 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $1.0M | 20,564 | 0.3% | 5 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $954.0K | 9,582 | 0.3% | 5 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $949.0K | 5,337 | 0.3% | 5 |
| ELANCO ANIMAL HEALTH INC | [ELAN](https://holderbook.com/stocks/ELAN/) | $830.0K | 38,725 | 0.2% | 3 |
| AKRE FOCUS INSTL | - | $830.0K | 16,848 | 0.2% | 4 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $828.0K | 10,204 | 0.2% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $823.0K | 581 | 0.2% | 5 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $817.0K | 4,021 | 0.2% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $795.0K | 17,792 | 0.2% | 5 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $783.0K | 6,567 | 0.2% | 5 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $767.0K | 20,835 | 0.2% | 5 |

## 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 |
|---|---|---|---|---|
| Q2 2020 | +18.9% | +19.6% | -0.7% | 99% |
| Q1 2020 | -26.1% | -19.9% | -6.2% | 98% |
| Q4 2019 | +7.7% | +8.5% | -0.8% | 97% |
| Q3 2019 | +1.3% | +1.3% | -0.0% | 96% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2020 | $349.8M | 174 |
| Q1 2020 | $299.2M | 177 |
| Q4 2019 | $411.6M | 186 |
| Q3 2019 | $386.1M | 184 |
| Q2 2019 | $384.7M | 181 |