# SBK Financial, Inc.

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1911894. Source: https://holderbook.com/funds/1911894-sbk-financial-inc/

- Reported value: $63.1M
- Positions: 61
- Weight of the ten largest: 44.8%
- Filed: 2023-01-31

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/) | $6.2M | 25,845 | 9.8% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.2M | 39,764 | 8.2% | 5 |
| ISHARES TR | [USRT](https://holderbook.com/stocks/USRT/) | $3.7M | 74,418 | 5.8% | 5 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.9M | 14,660 | 4.6% | 5 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.2M | 19,050 | 3.5% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.0M | 11,110 | 3.1% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.8M | 16,336 | 2.9% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.5M | 3,915 | 2.4% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.5M | 16,520 | 2.3% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.3M | 4,219 | 2.1% | 5 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.3M | 15,024 | 2.1% | 5 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.3M | 20,500 | 2.1% | 5 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.3M | 4,900 | 2.1% | 5 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.3M | 6,193 | 2.0% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.2M | 5,727 | 1.9% | 5 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $1.1M | 9,094 | 1.8% | 5 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.1M | 10,304 | 1.8% | 5 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $1.1M | 10,805 | 1.8% | 5 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $1.1M | 13,497 | 1.8% | 5 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.1M | 18,930 | 1.8% | 5 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.1M | 10,500 | 1.7% | 5 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.0M | 6,700 | 1.6% | 5 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $964.4K | 2,510 | 1.5% | 5 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $945.1K | 18,445 | 1.5% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $913.9K | 10,880 | 1.4% | 5 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $889.1K | 9,394 | 1.4% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $807.7K | 4,500 | 1.3% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $770.7K | 5,747 | 1.2% | 5 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $753.6K | 3,513 | 1.2% | 5 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $744.9K | 5,135 | 1.2% | 5 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $726.3K | 8,687 | 1.2% | 5 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $704.0K | 3,400 | 1.1% | 5 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $662.5K | 3,092 | 1.1% | 5 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $645.2K | 4,562 | 1.0% | 5 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $644.9K | 4,577 | 1.0% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $617.8K | 2,000 | 1.0% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $605.5K | 6,000 | 1.0% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $603.4K | 6,800 | 1.0% | 5 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $565.7K | 8,388 | 0.9% | 5 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $527.1K | 2,000 | 0.8% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $510.4K | 3,600 | 0.8% | 5 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $506.7K | 6,061 | 0.8% | 5 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $503.6K | 7,000 | 0.8% | 5 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $465.1K | 2,534 | 0.7% | 5 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $461.2K | 11,084 | 0.7% | 5 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $441.4K | 5,400 | 0.7% | 5 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $433.8K | 4,666 | 0.7% | 5 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $422.5K | 2,007 | 0.7% | 5 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $417.1K | 6,355 | 0.7% | 5 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $384.3K | 2,433 | 0.6% | 5 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $379.2K | 1,983 | 0.6% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $367.9K | 1,047 | 0.6% | 5 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $361.0K | 9,525 | 0.6% | 5 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $359.0K | 4,352 | 0.6% | 5 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $317.8K | 1,500 | 0.5% | 4 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $273.2K | 1,801 | 0.4% | 5 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $273.1K | 6,000 | 0.4% | 5 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $245.3K | 4,106 | 0.4% | 5 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $243.0K | 1,004 | 0.4% | 5 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $211.4K | 8,000 | 0.3% | 5 |
| WORKHORSE GROUP INC | [WKHS](https://holderbook.com/stocks/WKHS/) | $41.2K | 27,112 | 0.1% | 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 |
|---|---|---|---|---|
| Q4 2022 | +7.1% | +7.1% | +0.1% | 100% |
| Q3 2022 | -6.6% | -5.3% | -1.3% | 100% |
| Q2 2022 | -15.8% | -16.5% | +0.7% | 100% |
| Q1 2022 | -5.9% | -4.9% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $63.1M | 61 |
| Q3 2022 | $65.1M | 63 |
| Q2 2022 | $76.6M | 68 |
| Q1 2022 | $100.3M | 71 |
| Q4 2021 | $125.3M | 132 |