# Envoi LLC

> Institutional holdings reported to the SEC as of Q2 2024 on Form 13F. CIK 2019125. Source: https://holderbook.com/funds/2019125-envoi-llc/

- Reported value: $31.5M
- Positions: 11
- Weight of the ten largest: 99.3%
- Filed: 2024-08-13

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 |
|---|---|---|---|---|---|
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $23.6M | 300,000 | 74.9% | 22 |
| DYCOM INDS INC | [DY](https://holderbook.com/stocks/DY/) | $2.3M | 13,653 | 7.3% | 13 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.0M | 2,180 | 3.3% | 4 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $898.4K | 2,217 | 2.9% | 22 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $813.6K | 2,000 | 2.6% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $765.2K | 1,406 | 2.4% | 4 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $537.2K | 3,270 | 1.7% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $493.9K | 1,105 | 1.6% | 6 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $444.8K | 1,441 | 1.4% | 4 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $383.1K | 766 | 1.2% | 4 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $209.5K | 3,312 | 0.7% | 11 |

## 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 2024 | -3.1% | +4.0% | -7.1% | 100% |
| Q1 2024 | +7.7% | +10.0% | -2.4% | 107% |
| Q4 2023 | +7.0% | +11.2% | -4.2% | 100% |
| Q3 2023 | -11.0% | -3.6% | -7.4% | 100% |
| Q2 2023 | +10.1% | +8.3% | +1.8% | 100% |
| Q1 2023 | +7.1% | +7.0% | +0.0% | 100% |
| Q4 2022 | -4.9% | +7.1% | -11.9% | 100% |
| Q3 2022 | -6.8% | -5.3% | -1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2024 | $31.5M | 11 |
| Q1 2024 | $42.4M | 31 |
| Q4 2023 | $29.0M | 11 |
| Q3 2023 | $29.0M | 11 |
| Q2 2023 | $31.3M | 8 |
| Q1 2023 | $29.3M | 9 |
| Q4 2022 | $28.2M | 8 |
| Q3 2022 | $29.9M | 9 |
| Q2 2022 | $34.2M | 15 |
| Q1 2022 | $41.1M | 9 |
| Q4 2021 | $40.2M | 10 |
| Q3 2021 | $45.0M | 9 |