# SWP Investment Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2098300. Source: https://holderbook.com/funds/2098300-swp-investment-management-llc/

- Reported value: $144.8M
- Positions: 43
- Weight of the ten largest: 35.3%
- Filed: 2026-07-02

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/) | $7.8M | 21,041 | 5.4% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.1M | 21,036 | 4.2% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $6.0M | 15,760 | 4.1% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.5M | 15,255 | 3.8% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $4.8M | 17,129 | 3.3% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.6M | 8,124 | 3.2% | 3 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $4.2M | 3,742 | 2.9% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $4.1M | 22,755 | 2.8% | 6 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $4.0M | 27,273 | 2.8% | 6 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $4.0M | 29,236 | 2.7% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.9M | 12,012 | 2.7% | 6 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $3.6M | 25,393 | 2.5% | 6 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $3.5M | 3,484 | 2.4% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.4M | 2,857 | 2.4% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.4M | 13,423 | 2.3% | 6 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $3.4M | 9,908 | 2.3% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $3.3M | 7,006 | 2.3% | 6 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $3.3M | 23,284 | 2.3% | 6 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $3.3M | 21,697 | 2.3% | 6 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $3.2M | 33,930 | 2.2% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $3.1M | 35,856 | 2.2% | 6 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $3.1M | 16,442 | 2.2% | 6 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $3.1M | 26,373 | 2.1% | 6 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $3.1M | 16,095 | 2.1% | 6 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $2.9M | 11,767 | 2.0% | 6 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $2.8M | 10,059 | 2.0% | 6 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $2.8M | 15,715 | 1.9% | 2 |
| RED ROCK RESORTS INC | [RRR](https://holderbook.com/stocks/RRR/) | $2.8M | 42,763 | 1.9% | 1 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $2.8M | 2,888 | 1.9% | 6 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $2.7M | 43,231 | 1.9% | 5 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $2.7M | 34,393 | 1.9% | 6 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.6M | 9,720 | 1.8% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.6M | 22,850 | 1.8% | 1 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $2.5M | 12,288 | 1.7% | 3 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $2.5M | 11,403 | 1.7% | 1 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $2.5M | 13,784 | 1.7% | 6 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $2.5M | 16,200 | 1.7% | 2 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $2.4M | 10,789 | 1.7% | 6 |
| TURNING PT BRANDS INC | [TPB](https://holderbook.com/stocks/TPB/) | $2.2M | 25,630 | 1.5% | 1 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $2.1M | 39,246 | 1.5% | 4 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $2.0M | 20,000 | 1.4% | 6 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $1.9M | 34,877 | 1.3% | 6 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $1.6M | 40,254 | 1.1% | 4 |

## 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 2026 | +14.1% | +14.8% | -0.7% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.6% | 100% |
| Q4 2025 | +0.5% | +2.4% | -1.9% | 102% |
| Q3 2025 | +11.5% | +7.8% | +3.7% | 100% |
| Q2 2025 | +11.0% | +10.5% | +0.5% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $144.8M | 43 |
| Q1 2026 | $133.9M | 46 |
| Q4 2025 | $137.9M | 48 |
| Q3 2025 | $101.7M | 45 |
| Q2 2025 | $84.5M | 42 |
| Q1 2025 | $80.1M | 51 |