# NTB Financial Corp

> Institutional holdings reported to the SEC as of Q2 2022 on Form 13F. CIK 1910010. Source: https://holderbook.com/funds/1910010-ntb-financial-corp/

- Reported value: $123.5M
- Positions: 143
- Weight of the ten largest: 26.9%
- Filed: 2022-08-09

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/) | $6.4M | 47,164 | 5.2% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.5M | 40,798 | 2.8% | 3 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $3.3M | 43,396 | 2.7% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.2M | 12,364 | 2.6% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.2M | 11,564 | 2.6% | 3 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $3.1M | 42,630 | 2.5% | 3 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $3.0M | 53,868 | 2.4% | 3 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.7M | 8,309 | 2.2% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.5M | 13,854 | 2.0% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.4M | 31,472 | 1.9% | 3 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.4M | 112,810 | 1.9% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.4M | 55,115 | 1.9% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.2M | 15,053 | 1.8% | 3 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $2.0M | 65,063 | 1.7% | 3 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $1.8M | 23,696 | 1.5% | 3 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $1.8M | 100,849 | 1.5% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.8M | 7,224 | 1.4% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.8M | 16,779 | 1.4% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.8M | 803 | 1.4% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.7M | 3,636 | 1.4% | 3 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $1.7M | 17,998 | 1.4% | 3 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $1.7M | 29,581 | 1.4% | 3 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.7M | 17,937 | 1.4% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.7M | 26,289 | 1.3% | 3 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.5M | 91,639 | 1.2% | 3 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $1.5M | 29,990 | 1.2% | 3 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $1.4M | 33,478 | 1.2% | 3 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $1.4M | 31,023 | 1.1% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.4M | 8,181 | 1.1% | 3 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $1.3M | 8,853 | 1.1% | 3 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.3M | 7,713 | 1.1% | 3 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $1.2M | 21,829 | 1.0% | 3 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $1.2M | 26,259 | 1.0% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSPU](https://holderbook.com/stocks/RSPU/) | $1.2M | 10,318 | 1.0% | 3 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $1.2M | 18,809 | 1.0% | 3 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $1.2M | 4,540 | 0.9% | 3 |
| NORTHERN LTS FD TR III | [QQH](https://holderbook.com/stocks/QQH/) | $1.1M | 31,063 | 0.9% | 3 |
| NORTHERN LTS FD TR III | [LGH](https://holderbook.com/stocks/LGH/) | $1.1M | 32,861 | 0.9% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.1M | 7,508 | 0.9% | 3 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $1.1M | 17,207 | 0.9% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.1M | 9,560 | 0.9% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.0M | 1,980 | 0.8% | 3 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $1.0M | 25,851 | 0.8% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $947.0K | 18,667 | 0.8% | 3 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $832.0K | 1,749 | 0.7% | 3 |
| VODAFONE GROUP PLC | [VOD](https://holderbook.com/stocks/VOD/) | $816.0K | 52,374 | 0.7% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $786.0K | 7,965 | 0.6% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $782.0K | 2,850 | 0.6% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $772.0K | 8,030 | 0.6% | 3 |
| QFIN HOLDINGS INC | [QFIN](https://holderbook.com/stocks/QFIN/) | $759.0K | 43,900 | 0.6% | 3 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $742.0K | 1,926 | 0.6% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $728.0K | 23,401 | 0.6% | 3 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $724.0K | 4,300 | 0.6% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $713.0K | 1,890 | 0.6% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $678.0K | 4,471 | 0.5% | 2 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $638.0K | 3,497 | 0.5% | 3 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $635.0K | 6,778 | 0.5% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $628.0K | 4,100 | 0.5% | 3 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $625.0K | 24,629 | 0.5% | 3 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $612.0K | 9,864 | 0.5% | 3 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $612.0K | 16,145 | 0.5% | 3 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $609.0K | 8,540 | 0.5% | 3 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $601.0K | 13,064 | 0.5% | 3 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $595.0K | 11,342 | 0.5% | 3 |
| MIDCAP FINANCIAL INVSTMNT CO | [MFIC](https://holderbook.com/stocks/MFIC/) | $578.0K | 53,630 | 0.5% | 3 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $577.0K | 3,542 | 0.5% | 3 |
| PIONEER NAT RES CO | [PXD](https://holderbook.com/stocks/PXD/) | $558.0K | 2,500 | 0.5% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $546.0K | 5,022 | 0.4% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $534.0K | 1,799 | 0.4% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $533.0K | 3,305 | 0.4% | 3 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $533.0K | 2,614 | 0.4% | 2 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $511.0K | 3,403 | 0.4% | 3 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $509.0K | 16,191 | 0.4% | 3 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $500.0K | 8,731 | 0.4% | 2 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $498.0K | 1,261 | 0.4% | 3 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $495.0K | 25,501 | 0.4% | 3 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $491.0K | 7,033 | 0.4% | 3 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $489.0K | 1,044 | 0.4% | 3 |
| INMODE LTD | [INMD](https://holderbook.com/stocks/INMD/) | $484.0K | 21,600 | 0.4% | 3 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $481.0K | 19,752 | 0.4% | 3 |
| MAGELLAN MIDSTREAM PRTNRS LP | [MMP](https://holderbook.com/stocks/MMP/) | $473.0K | 9,900 | 0.4% | 3 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $456.0K | 4,152 | 0.4% | 3 |
| HESS CORP | [HES](https://holderbook.com/stocks/HES/) | $441.0K | 4,159 | 0.4% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $438.0K | 1,350 | 0.4% | 3 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $434.0K | 7,014 | 0.4% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $423.0K | 4,642 | 0.3% | 3 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $417.0K | 2,395 | 0.3% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $405.0K | 1,067 | 0.3% | 3 |
| WISDOMTREE TR | [DLN](https://holderbook.com/stocks/DLN/) | $396.0K | 6,699 | 0.3% | 3 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $385.0K | 28,671 | 0.3% | 1 |
| BARINGS BDC INC | [BBDC](https://holderbook.com/stocks/BBDC/) | $384.0K | 41,204 | 0.3% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $372.0K | 1,339 | 0.3% | 3 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $361.0K | 9,189 | 0.3% | 3 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $355.0K | 558 | 0.3% | 1 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $350.0K | 4,594 | 0.3% | 3 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $350.0K | 2,037 | 0.3% | 3 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $340.0K | 5,280 | 0.3% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $339.0K | 503 | 0.3% | 1 |
| BLACKROCK TCP CAPITAL CORP | [TCPC](https://holderbook.com/stocks/TCPC/) | $338.0K | 26,959 | 0.3% | 3 |
| PLAINS ALL AMERN PIPELINE L | [PAA](https://holderbook.com/stocks/PAA/) | $335.0K | 34,100 | 0.3% | 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 |
|---|---|---|---|---|
| Q2 2022 | -12.9% | -16.5% | +3.6% | 100% |
| Q1 2022 | -3.1% | -4.9% | +1.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2022 | $123.5M | 143 |
| Q1 2022 | $140.0M | 152 |
| Q4 2021 | $143.4M | 147 |