# Fund Management at Engine No. 1 LLC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1927961. Source: https://holderbook.com/funds/1927961-fund-management-at-engine-no-1-llc/

- Reported value: $653.1M
- Positions: 438
- Weight of the ten largest: 29.4%
- Filed: 2023-11-14

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/) | $41.9M | 132,588 | 6.4% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $36.0M | 210,177 | 5.5% | 1 |
| SANDSTORM GOLD LTD | [SAND](https://holderbook.com/stocks/SAND/) | $20.9M | 103,614 | 3.2% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $16.5M | 129,854 | 2.5% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $15.9M | 36,466 | 2.4% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $13.6M | 115,858 | 2.1% | 7 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $12.6M | 61,966 | 1.9% | 7 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $12.2M | 85,690 | 1.9% | 7 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $11.2M | 301,724 | 1.7% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $11.1M | 84,849 | 1.7% | 7 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $11.1M | 100,400 | 1.7% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $9.9M | 39,491 | 1.5% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $9.5M | 31,787 | 1.5% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $9.5M | 72,179 | 1.5% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $9.1M | 26,081 | 1.4% | 7 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $8.7M | 56,997 | 1.3% | 7 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $7.8M | 56,029 | 1.2% | 7 |
| WILLSCOT HLDGS CORP | [WSC](https://holderbook.com/stocks/WSC/) | $7.6M | 182,117 | 1.2% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.7M | 13,248 | 1.0% | 7 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $6.4M | 99,292 | 1.0% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $6.1M | 11,405 | 0.9% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.0M | 41,561 | 0.9% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.4M | 34,440 | 0.8% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $5.3M | 22,980 | 0.8% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.9M | 33,715 | 0.8% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.9M | 5,902 | 0.8% | 7 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $4.9M | 65,321 | 0.7% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $4.7M | 11,900 | 0.7% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.3M | 14,379 | 0.7% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.3M | 25,375 | 0.7% | 7 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $3.9M | 13,763 | 0.6% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.8M | 25,243 | 0.6% | 7 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $3.8M | 18,489 | 0.6% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $3.7M | 36,292 | 0.6% | 7 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $3.6M | 9,669 | 0.6% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.6M | 6,338 | 0.5% | 7 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.3M | 19,688 | 0.5% | 7 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $3.3M | 6,519 | 0.5% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.3M | 12,128 | 0.5% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.3M | 20,412 | 0.5% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.1M | 58,276 | 0.5% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.1M | 55,655 | 0.5% | 7 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $2.8M | 13,930 | 0.4% | 7 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.8M | 5,519 | 0.4% | 7 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $2.8M | 9,020 | 0.4% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.7M | 10,422 | 0.4% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.7M | 98,870 | 0.4% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $2.7M | 80,744 | 0.4% | 7 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $2.6M | 49,664 | 0.4% | 1 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $2.6M | 16,221 | 0.4% | 3 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $2.6M | 58,862 | 0.4% | 7 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $2.6M | 6,979 | 0.4% | 3 |
| PIONEER NAT RES CO | [PXD](https://holderbook.com/stocks/PXD/) | $2.5M | 10,700 | 0.4% | 7 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.4M | 24,819 | 0.4% | 7 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.4M | 6,338 | 0.4% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.4M | 22,514 | 0.4% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.4M | 23,107 | 0.4% | 7 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $2.3M | 9,398 | 0.4% | 7 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $2.2M | 7,082 | 0.3% | 2 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $2.2M | 17,704 | 0.3% | 7 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $2.1M | 52,328 | 0.3% | 7 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.1M | 59,890 | 0.3% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.1M | 26,170 | 0.3% | 7 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $2.1M | 13,547 | 0.3% | 6 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.1M | 12,985 | 0.3% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.1M | 7,649 | 0.3% | 7 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.1M | 22,201 | 0.3% | 7 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $2.1M | 17,124 | 0.3% | 7 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $2.0M | 4,006 | 0.3% | 7 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $2.0M | 60,318 | 0.3% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.9M | 60,122 | 0.3% | 7 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.8M | 13,030 | 0.3% | 7 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.8M | 15,961 | 0.3% | 7 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $1.8M | 9,498 | 0.3% | 7 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.7M | 8,380 | 0.3% | 7 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.7M | 29,874 | 0.3% | 7 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $1.7M | 2,736 | 0.3% | 7 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.7M | 4,653 | 0.3% | 7 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.7M | 17,520 | 0.3% | 7 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.7M | 28,942 | 0.3% | 7 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.6M | 2,918 | 0.2% | 7 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.6M | 10,345 | 0.2% | 7 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.6M | 511 | 0.2% | 7 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.6M | 8,108 | 0.2% | 7 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.5M | 50,375 | 0.2% | 7 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.5M | 102,255 | 0.2% | 7 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.5M | 4,716 | 0.2% | 7 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.5M | 16,382 | 0.2% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.5M | 21,938 | 0.2% | 7 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.5M | 19,037 | 0.2% | 7 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.5M | 18,247 | 0.2% | 7 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.5M | 13,215 | 0.2% | 7 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.5M | 5,025 | 0.2% | 7 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $1.5M | 3,370 | 0.2% | 7 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.5M | 16,437 | 0.2% | 7 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.4M | 5,891 | 0.2% | 7 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.4M | 19,455 | 0.2% | 7 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $1.3M | 7,066 | 0.2% | 7 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.3M | 29,228 | 0.2% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $1.3M | 17,818 | 0.2% | 7 |

## 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 | -3.4% | -3.6% | +0.2% | 100% |
| Q2 2023 | +8.6% | +8.3% | +0.3% | 100% |
| Q1 2023 | +6.6% | +7.0% | -0.5% | 100% |
| Q4 2022 | +5.7% | +7.1% | -1.4% | 100% |
| Q3 2022 | -3.2% | -5.3% | +2.1% | 100% |
| Q2 2022 | -17.7% | -16.5% | -1.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $653.1M | 438 |
| Q2 2023 | $543.3M | 425 |
| Q1 2023 | $497.4M | 404 |
| Q4 2022 | $408.6M | 368 |
| Q3 2022 | $339.7M | 321 |
| Q2 2022 | $378.7M | 346 |
| Q1 2022 | $398.5M | 352 |