# Innovative Portfolios

> Institutional holdings reported to the SEC as of Q4 2021 on Form 13F. CIK 1860981. Source: https://holderbook.com/funds/1860981-innovative-portfolios/

- Reported value: $42.9M
- Positions: 51
- Weight of the ten largest: 66.9%
- Filed: 2022-06-06

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $25.3M | 0 | 58.9% | 4 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $414.0K | 10,995 | 1.0% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $398.0K | 598 | 0.9% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $380.0K | 916 | 0.9% | 4 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $377.0K | 2,761 | 0.9% | 3 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $374.0K | 3,176 | 0.9% | 3 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $370.0K | 2,786 | 0.9% | 4 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $368.0K | 4,312 | 0.9% | 4 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $368.0K | 1,480 | 0.9% | 4 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $367.0K | 2,608 | 0.9% | 4 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $366.0K | 1,038 | 0.9% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $365.0K | 727 | 0.9% | 4 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $364.0K | 2,002 | 0.8% | 4 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $361.0K | 697 | 0.8% | 4 |
| 1ST SOURCE CORP | [SRCE](https://holderbook.com/stocks/SRCE/) | $359.0K | 7,238 | 0.8% | 3 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $359.0K | 835 | 0.8% | 4 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $357.0K | 5,567 | 0.8% | 2 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $357.0K | 2,545 | 0.8% | 3 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $354.0K | 4,070 | 0.8% | 2 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $353.0K | 1,423 | 0.8% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $353.0K | 2,065 | 0.8% | 4 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $353.0K | 2,075 | 0.8% | 4 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $353.0K | 1,319 | 0.8% | 4 |
| LINCOLN ELEC HLDGS INC | [LECO](https://holderbook.com/stocks/LECO/) | $352.0K | 2,523 | 0.8% | 4 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $352.0K | 1,008 | 0.8% | 3 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $350.0K | 1,614 | 0.8% | 3 |
| COHEN & STEERS INC | [CNS](https://holderbook.com/stocks/CNS/) | $350.0K | 3,786 | 0.8% | 2 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $350.0K | 3,733 | 0.8% | 4 |
| FRANKLIN ELEC INC | [FELE](https://holderbook.com/stocks/FELE/) | $349.0K | 3,687 | 0.8% | 3 |
| ROBERT HALF INC. | [RHI](https://holderbook.com/stocks/RHI/) | $349.0K | 3,132 | 0.8% | 4 |
| HANOVER INS GROUP INC | [THG](https://holderbook.com/stocks/THG/) | $347.0K | 2,649 | 0.8% | 4 |
| ITT INC | [ITT](https://holderbook.com/stocks/ITT/) | $347.0K | 3,398 | 0.8% | 4 |
| PRIMERICA INC | [PRI](https://holderbook.com/stocks/PRI/) | $346.0K | 2,255 | 0.8% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $346.0K | 2,001 | 0.8% | 4 |
| DONALDSON INC | [DCI](https://holderbook.com/stocks/DCI/) | $344.0K | 5,813 | 0.8% | 3 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $344.0K | 3,705 | 0.8% | 4 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $344.0K | 1,749 | 0.8% | 4 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $344.0K | 1,937 | 0.8% | 4 |
| APPLIED INDL TECHNOLOGIES IN | [AIT](https://holderbook.com/stocks/AIT/) | $343.0K | 3,341 | 0.8% | 4 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $343.0K | 1,573 | 0.8% | 4 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $342.0K | 1,642 | 0.8% | 4 |
| AMERICAN FINANCIAL GROUP INC | [AFG](https://holderbook.com/stocks/AFG/) | $341.0K | 2,486 | 0.8% | 2 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $341.0K | 769 | 0.8% | 4 |
| MSC INDL DIRECT INC | [MSM](https://holderbook.com/stocks/MSM/) | $341.0K | 4,052 | 0.8% | 4 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $340.0K | 1,578 | 0.8% | 3 |
| TENNANT CO | [TNC](https://holderbook.com/stocks/TNC/) | $339.0K | 4,178 | 0.8% | 3 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $334.0K | 5,939 | 0.8% | 2 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $333.0K | 1,440 | 0.8% | 4 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $329.0K | 1,870 | 0.8% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $313.0K | 3,591 | 0.7% | 4 |
| ABM INDS INC | [ABM](https://holderbook.com/stocks/ABM/) | $307.0K | 7,527 | 0.7% | 3 |

## 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 2021 | +11.2% | +10.7% | +0.6% | 92% |
| Q3 2021 | -2.1% | +0.3% | -2.4% | 100% |
| Q2 2021 | +4.7% | +8.0% | -3.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2021 | $42.9M | 51 |
| Q3 2021 | $42.9M | 51 |
| Q2 2021 | $37.4M | 52 |
| Q1 2021 | $33.1M | 50 |