# SBB Research Group LLC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1896711. Source: https://holderbook.com/funds/1896711-sbb-research-group-llc/

- Reported value: $56.1M
- Positions: 34
- Weight of the ten largest: 79.6%
- Filed: 2023-11-13

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/) | $13.9M | 32,496 | 24.8% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $7.5M | 35,153 | 13.3% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.4M | 18,232 | 11.4% | 8 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $3.9M | 43,438 | 6.9% | 8 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $2.9M | 16,596 | 5.2% | 8 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $2.3M | 8,857 | 4.1% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.2M | 13,080 | 4.0% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.2M | 3,859 | 3.9% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.1M | 15,700 | 3.7% | 8 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.3M | 13,474 | 2.3% | 8 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $1.3M | 12,822 | 2.3% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $929.3K | 2,943 | 1.7% | 8 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $811.0K | 8,886 | 1.4% | 8 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $749.1K | 8,179 | 1.3% | 8 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $717.8K | 10,281 | 1.3% | 8 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $715.8K | 4,592 | 1.3% | 8 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $621.5K | 2,346 | 1.1% | 8 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $535.1K | 4,551 | 1.0% | 8 |
| STURM RUGER & CO INC | [RGR](https://holderbook.com/stocks/RGR/) | $521.2K | 10,000 | 0.9% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $508.5K | 4,000 | 0.9% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $487.0K | 13,699 | 0.9% | 8 |
| UNIVERSAL CORP VA MTNS BK EN | [UVV](https://holderbook.com/stocks/UVV/) | $472.1K | 10,000 | 0.8% | 8 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $408.7K | 3,612 | 0.7% | 8 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $400.1K | 900 | 0.7% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $377.4K | 1,433 | 0.7% | 8 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $337.4K | 2,808 | 0.6% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $301.3K | 3,718 | 0.5% | 8 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $287.9K | 1,708 | 0.5% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $243.1K | 1,057 | 0.4% | 4 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $231.4K | 3,100 | 0.4% | 1 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $220.8K | 2,727 | 0.4% | 2 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $154.0K | 12,400 | 0.3% | 1 |
| B & G FOODS INC | [BGS](https://holderbook.com/stocks/BGS/) | $98.9K | 10,000 | 0.2% | 8 |
| PITNEY BOWES INC | [PBI](https://holderbook.com/stocks/PBI/) | $45.3K | 15,000 | 0.1% | 8 |

## 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 |
|---|---|---|---|---|
| Q3 2023 | -3.9% | -3.6% | -0.3% | 100% |
| Q2 2023 | +6.4% | +8.3% | -1.9% | 100% |
| Q1 2023 | +6.1% | +7.0% | -1.0% | 100% |
| Q4 2022 | +6.3% | +7.1% | -0.8% | 100% |
| Q3 2022 | -4.9% | -5.3% | +0.4% | 100% |
| Q2 2022 | -12.9% | -16.5% | +3.5% | 100% |
| Q1 2022 | -4.4% | -4.9% | +0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $56.1M | 34 |
| Q2 2023 | $55.1M | 33 |
| Q1 2023 | $70.9M | 35 |
| Q4 2022 | $69.2M | 51 |
| Q3 2022 | $70.6M | 52 |
| Q2 2022 | $249.8M | 55 |
| Q1 2022 | $463.4M | 46 |
| Q4 2021 | $668.4M | 42 |