# Kula Investments, LLC

> Institutional holdings reported to the SEC as of Q1 2023 on Form 13F. CIK 1911190. Source: https://holderbook.com/funds/1911190-kula-investments-llc/

- Reported value: $405.5M
- Positions: 576
- Weight of the ten largest: 7.9%
- Filed: 2023-05-15

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/) | $9.2M | 22,368 | 2.3% | 2 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $3.3M | 52,407 | 0.8% | 2 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $3.0M | 82,438 | 0.7% | 2 |
| WESTERN UN CO | [WU](https://holderbook.com/stocks/WU/) | $2.6M | 235,179 | 0.6% | 2 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $2.4M | 37,507 | 0.6% | 2 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $2.4M | 21,378 | 0.6% | 1 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $2.3M | 16,522 | 0.6% | 2 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $2.3M | 23,355 | 0.6% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.3M | 22,755 | 0.6% | 1 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $2.3M | 13,678 | 0.6% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.2M | 11,049 | 0.5% | 1 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $2.2M | 13,213 | 0.5% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.0M | 5,593 | 0.5% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.0M | 12,780 | 0.5% | 1 |
| LAS VEGAS SANDS CORP | [LVS](https://holderbook.com/stocks/LVS/) | $2.0M | 34,186 | 0.5% | 1 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $2.0M | 33,724 | 0.5% | 2 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $2.0M | 54,154 | 0.5% | 2 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.9M | 9,198 | 0.5% | 1 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.9M | 19,804 | 0.5% | 1 |
| ALLEGION PLC | [ALLE](https://holderbook.com/stocks/ALLE/) | $1.9M | 17,517 | 0.5% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.9M | 17,866 | 0.5% | 1 |
| FLUOR CORP | [FLR](https://holderbook.com/stocks/FLR/) | $1.9M | 60,071 | 0.5% | 2 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $1.7M | 27,435 | 0.4% | 2 |
| AMN HEALTHCARE SVCS INC | [AMN](https://holderbook.com/stocks/AMN/) | $1.7M | 20,894 | 0.4% | 2 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.7M | 23,138 | 0.4% | 2 |
| NATIONAL INSTRS CORP | [NATI](https://holderbook.com/stocks/NATI/) | $1.7M | 32,254 | 0.4% | 2 |
| CF INDUSTRIES HOLD | [CF](https://holderbook.com/stocks/CF/) | $1.7M | 23,186 | 0.4% | 2 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.7M | 21,900 | 0.4% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $1.7M | 7,391 | 0.4% | 1 |
| MATCH GROUP INC NEW | [MTCH](https://holderbook.com/stocks/MTCH/) | $1.6M | 42,552 | 0.4% | 1 |
| ZOOMINFO TECHNOLOGIES INC | [GTM](https://holderbook.com/stocks/GTM/) | $1.6M | 65,645 | 0.4% | 1 |
| COCA-COLA EUROPACIFIC PARTNE | [CCEP](https://holderbook.com/stocks/CCEP/) | $1.6M | 27,200 | 0.4% | 2 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $1.6M | 87,316 | 0.4% | 1 |
| VERISIGN INC | [VRSN](https://holderbook.com/stocks/VRSN/) | $1.6M | 7,542 | 0.4% | 1 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $1.6M | 21,850 | 0.4% | 2 |
| PAR PAC HOLDINGS INC | [PARR](https://holderbook.com/stocks/PARR/) | $1.6M | 53,348 | 0.4% | 2 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $1.5M | 67,479 | 0.4% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.5M | 10,452 | 0.4% | 1 |
| RINGCENTRAL INC | [RNG](https://holderbook.com/stocks/RNG/) | $1.5M | 49,645 | 0.4% | 2 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $1.5M | 14,473 | 0.4% | 1 |
| CLARIVATE PLC | [CLVT](https://holderbook.com/stocks/CLVT/) | $1.5M | 161,885 | 0.4% | 2 |
| ALBANY INTL CORP | [AIN](https://holderbook.com/stocks/AIN/) | $1.5M | 16,518 | 0.4% | 2 |
| PBF ENERGY INC | [PBF](https://holderbook.com/stocks/PBF/) | $1.5M | 33,927 | 0.4% | 2 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $1.5M | 31,520 | 0.4% | 1 |
| TELADOC HEALTH INC | [TDOC](https://holderbook.com/stocks/TDOC/) | $1.5M | 56,241 | 0.4% | 2 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $1.4M | 5,537 | 0.4% | 1 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $1.4M | 25,682 | 0.3% | 2 |
| FLOWERS FOODS INC | [FLO](https://holderbook.com/stocks/FLO/) | $1.4M | 50,872 | 0.3% | 1 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $1.4M | 17,489 | 0.3% | 1 |
| AMERICAN ASSETS TR INC | [AAT](https://holderbook.com/stocks/AAT/) | $1.4M | 73,888 | 0.3% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.4M | 47,871 | 0.3% | 2 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $1.4M | 22,439 | 0.3% | 2 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $1.3M | 13,912 | 0.3% | 2 |
| CHEGG INC | [CHGG](https://holderbook.com/stocks/CHGG/) | $1.3M | 82,243 | 0.3% | 2 |
| INSPIRE MED SYS INC | [INSP](https://holderbook.com/stocks/INSP/) | $1.3M | 5,716 | 0.3% | 2 |
| NEXSTAR MEDIA GROUP INC | [NXST](https://holderbook.com/stocks/NXST/) | $1.3M | 7,749 | 0.3% | 2 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.3M | 35,725 | 0.3% | 2 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $1.3M | 5,890 | 0.3% | 2 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $1.3M | 6,711 | 0.3% | 2 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $1.3M | 8,557 | 0.3% | 2 |
| LINCOLN NATL CORP IND | [LNC](https://holderbook.com/stocks/LNC/) | $1.3M | 58,318 | 0.3% | 2 |
| ITT INC | [ITT](https://holderbook.com/stocks/ITT/) | $1.3M | 15,033 | 0.3% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.3M | 31,697 | 0.3% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.3M | 4,380 | 0.3% | 1 |
| PACIRA BIOSCIENCES INC | [PCRX](https://holderbook.com/stocks/PCRX/) | $1.3M | 31,665 | 0.3% | 1 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $1.3M | 6,722 | 0.3% | 1 |
| EVERPURE INC | [P](https://holderbook.com/stocks/P/) | $1.3M | 50,180 | 0.3% | 2 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.3M | 15,542 | 0.3% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.3M | 5,514 | 0.3% | 1 |
| MURPHY OIL CORP | [MUR](https://holderbook.com/stocks/MUR/) | $1.3M | 33,897 | 0.3% | 1 |
| US FOODS HLDG CORP | [USFD](https://holderbook.com/stocks/USFD/) | $1.3M | 33,907 | 0.3% | 1 |
| EXELIXIS INC | [EXEL](https://holderbook.com/stocks/EXEL/) | $1.2M | 64,182 | 0.3% | 1 |
| AMEDISYS INC | [AMED](https://holderbook.com/stocks/AMED/) | $1.2M | 16,768 | 0.3% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.2M | 9,381 | 0.3% | 1 |
| NEVRO CORP | [NVRO](https://holderbook.com/stocks/NVRO/) | $1.2M | 33,810 | 0.3% | 2 |
| INMODE LTD | [INMD](https://holderbook.com/stocks/INMD/) | $1.2M | 38,223 | 0.3% | 2 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $1.2M | 42,321 | 0.3% | 1 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $1.2M | 22,235 | 0.3% | 2 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $1.2M | 55,270 | 0.3% | 1 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $1.2M | 52,658 | 0.3% | 1 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $1.2M | 26,584 | 0.3% | 1 |
| GEO GROUP INC | [GEO](https://holderbook.com/stocks/GEO/) | $1.2M | 153,037 | 0.3% | 2 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $1.2M | 37,865 | 0.3% | 1 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $1.2M | 14,218 | 0.3% | 1 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $1.2M | 3,458 | 0.3% | 2 |
| TERADATA CORP DEL | [TDC](https://holderbook.com/stocks/TDC/) | $1.2M | 29,007 | 0.3% | 2 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $1.2M | 6,807 | 0.3% | 1 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $1.2M | 19,348 | 0.3% | 2 |
| LUMINAR TECHNOLOGIES INC | [LAZRXXXX](https://holderbook.com/stocks/LAZRXXXX/) | $1.2M | 178,842 | 0.3% | 1 |
| DISH NETWORK CORPORATION | [DISH](https://holderbook.com/stocks/DISH/) | $1.2M | 123,619 | 0.3% | 2 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $1.2M | 8,257 | 0.3% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.1M | 2,875 | 0.3% | 1 |
| CERIDIAN HCM HLDG INC | [DAY](https://holderbook.com/stocks/DAY/) | $1.1M | 15,616 | 0.3% | 1 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $1.1M | 14,592 | 0.3% | 2 |
| HUNT J B TRANS SVCS INC | [JBHT](https://holderbook.com/stocks/JBHT/) | $1.1M | 6,505 | 0.3% | 2 |
| UFP INDUSTRIES INC | [UFPI](https://holderbook.com/stocks/UFPI/) | $1.1M | 14,344 | 0.3% | 1 |
| SCORPIO TANKERS INC | [STNG](https://holderbook.com/stocks/STNG/) | $1.1M | 20,219 | 0.3% | 2 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $1.1M | 14,422 | 0.3% | 2 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $1.1M | 15,504 | 0.3% | 1 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $1.1M | 15,174 | 0.3% | 2 |

## 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 2023 | +5.1% | +7.0% | -2.0% | 95% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2023 | $405.5M | 576 |
| Q4 2022 | $339.6M | 562 |