# Tilt Investment Management Holdings, PBC

> Institutional holdings reported to the SEC as of Q4 2023 on Form 13F. CIK 1971111. Source: https://holderbook.com/funds/1971111-tilt-investment-management-holdings-pbc/

- Reported value: $92.6M
- Positions: 112
- Weight of the ten largest: 46.3%
- Filed: 2024-01-31

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.5M | 59,533 | 12.4% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $11.3M | 30,176 | 12.3% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.1M | 10,295 | 5.5% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.2M | 23,202 | 3.5% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.8M | 11,283 | 3.0% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.0M | 1,813 | 2.2% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.0M | 3,801 | 2.2% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.9M | 3,271 | 2.1% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.5M | 9,807 | 1.7% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.4M | 3,373 | 1.6% | 5 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.4M | 9,681 | 1.5% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.4M | 4,061 | 1.5% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.2M | 4,564 | 1.3% | 5 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.1M | 10,234 | 1.2% | 5 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.1M | 7,210 | 1.2% | 5 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.1M | 1,848 | 1.2% | 5 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.0M | 3,919 | 1.1% | 5 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $964.2K | 6,541 | 1.0% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $946.2K | 28,103 | 1.0% | 5 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $886.4K | 2,526 | 1.0% | 5 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $854.5K | 1,755 | 0.9% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $845.3K | 16,821 | 0.9% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $842.1K | 22,336 | 0.9% | 5 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $837.1K | 16,570 | 0.9% | 5 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $819.7K | 1,543 | 0.9% | 5 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $809.1K | 1,970 | 0.9% | 4 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $771.6K | 7,010 | 0.8% | 5 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $730.4K | 16,656 | 0.8% | 1 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $706.9K | 1,131 | 0.8% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $683.0K | 7,537 | 0.7% | 5 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $676.3K | 6,415 | 0.7% | 5 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $650.7K | 4,499 | 0.7% | 5 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $632.9K | 21,983 | 0.7% | 5 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $629.7K | 3,694 | 0.7% | 5 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $617.5K | 2,144 | 0.7% | 5 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $612.3K | 3,744 | 0.7% | 5 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $612.1K | 2,492 | 0.7% | 5 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $606.5K | 2,619 | 0.7% | 5 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $606.4K | 2,051 | 0.7% | 5 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $594.2K | 841 | 0.6% | 5 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $584.6K | 1,327 | 0.6% | 5 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $556.0K | 4,354 | 0.6% | 5 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $549.6K | 3,391 | 0.6% | 5 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $537.2K | 4,928 | 0.6% | 5 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $521.9K | 2,345 | 0.6% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $510.4K | 8,403 | 0.6% | 5 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $506.8K | 3,802 | 0.5% | 5 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $487.2K | 29,032 | 0.5% | 5 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $477.0K | 1,414 | 0.5% | 5 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $475.0K | 3,021 | 0.5% | 5 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $460.3K | 567 | 0.5% | 5 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $454.1K | 963 | 0.5% | 5 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $452.6K | 5,494 | 0.5% | 5 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $428.0K | 1,052 | 0.5% | 3 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $426.6K | 1,063 | 0.5% | 5 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $421.3K | 8,211 | 0.5% | 5 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $420.3K | 535 | 0.5% | 5 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $410.9K | 5,072 | 0.4% | 5 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $410.2K | 1,366 | 0.4% | 5 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $407.1K | 1,871 | 0.4% | 1 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $401.5K | 1,712 | 0.4% | 5 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $400.9K | 2,019 | 0.4% | 5 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $393.9K | 4,989 | 0.4% | 5 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $393.6K | 7,652 | 0.4% | 5 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $392.3K | 1,629 | 0.4% | 1 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $385.9K | 2,037 | 0.4% | 1 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $383.8K | 437 | 0.4% | 5 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $381.9K | 1,295 | 0.4% | 1 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $378.6K | 2,377 | 0.4% | 3 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $376.5K | 1,666 | 0.4% | 1 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $369.5K | 1,872 | 0.4% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $367.3K | 4,298 | 0.4% | 5 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $348.0K | 1,162 | 0.4% | 5 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $344.0K | 5,950 | 0.4% | 5 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $333.3K | 2,079 | 0.4% | 1 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $325.2K | 2,448 | 0.4% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $320.9K | 552 | 0.3% | 5 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $317.2K | 616 | 0.3% | 1 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $309.3K | 384 | 0.3% | 5 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $305.7K | 3,150 | 0.3% | 5 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $290.5K | 1,103 | 0.3% | 5 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $281.7K | 6,437 | 0.3% | 1 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $280.4K | 1,150 | 0.3% | 5 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $277.2K | 7,994 | 0.3% | 5 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $268.0K | 3,362 | 0.3% | 5 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $267.2K | 1,492 | 0.3% | 5 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $266.0K | 4,331 | 0.3% | 1 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $265.3K | 1,863 | 0.3% | 5 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $254.4K | 874 | 0.3% | 1 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $253.5K | 649 | 0.3% | 5 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $248.4K | 1,604 | 0.3% | 1 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $248.3K | 901 | 0.3% | 5 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $248.1K | 535 | 0.3% | 3 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $244.7K | 1,039 | 0.3% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $242.9K | 2,444 | 0.3% | 5 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $241.6K | 1,052 | 0.3% | 4 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $239.6K | 520 | 0.3% | 4 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $238.2K | 437 | 0.3% | 1 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $235.7K | 461 | 0.3% | 1 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $233.0K | 508 | 0.3% | 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 2023 | +10.4% | +11.2% | -0.8% | 100% |
| Q3 2023 | -6.5% | -3.6% | -2.9% | 100% |
| Q2 2023 | +7.9% | +8.3% | -0.3% | 103% |
| Q1 2023 | +5.5% | +7.0% | -1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2023 | $92.6M | 112 |
| Q3 2023 | $140.1M | 132 |
| Q2 2023 | $151.3M | 148 |
| Q1 2023 | $135.2M | 150 |
| Q4 2022 | $117.9M | 138 |