# BTR CAPITAL MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 883790. Source: https://holderbook.com/funds/883790-btr-capital-management-inc/

- Reported value: $640.6M
- Positions: 162
- Weight of the ten largest: 35.1%
- Filed: 2022-10-12

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/) | $34.4M | 248,868 | 5.4% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $31.8M | 136,602 | 5.0% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $21.6M | 225,420 | 3.4% | 16 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $21.3M | 42,198 | 3.3% | 16 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $20.7M | 40,843 | 3.2% | 16 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $20.2M | 123,515 | 3.1% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $19.4M | 109,004 | 3.0% | 16 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $19.0M | 167,744 | 3.0% | 16 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $18.3M | 175,371 | 2.9% | 16 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $18.1M | 126,292 | 2.8% | 16 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $17.1M | 91,262 | 2.7% | 16 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $16.2M | 186,542 | 2.5% | 16 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $15.8M | 360,859 | 2.5% | 16 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $15.8M | 124,853 | 2.5% | 16 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $15.6M | 190,498 | 2.4% | 10 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $14.3M | 99,168 | 2.2% | 16 |
| ETF MANAGERS TR | [HACKXXXX](https://holderbook.com/stocks/HACKXXXX/) | $13.6M | 314,697 | 2.1% | 16 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $12.9M | 136,966 | 2.0% | 16 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $12.3M | 202,006 | 1.9% | 16 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $11.9M | 109,114 | 1.9% | 1 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $11.8M | 119,481 | 1.8% | 6 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $11.5M | 157,385 | 1.8% | 16 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $11.5M | 281,133 | 1.8% | 16 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $10.5M | 223,165 | 1.6% | 16 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $10.2M | 104,958 | 1.6% | 16 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $8.9M | 38,660 | 1.4% | 14 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $8.9M | 68,140 | 1.4% | 16 |
| DISCOVER FINL SVCS | [DFS](https://holderbook.com/stocks/DFS/) | $8.7M | 95,676 | 1.4% | 16 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $8.6M | 55,558 | 1.3% | 16 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $8.2M | 103,358 | 1.3% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $6.7M | 41,232 | 1.1% | 16 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $6.7M | 89,647 | 1.0% | 6 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $6.6M | 399,512 | 1.0% | 16 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $5.8M | 219,044 | 0.9% | 16 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $5.7M | 196,326 | 0.9% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $5.6M | 20,246 | 0.9% | 16 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.8M | 54,741 | 0.7% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.6M | 9,790 | 0.7% | 16 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $4.5M | 43,819 | 0.7% | 16 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $4.4M | 27,499 | 0.7% | 16 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $4.4M | 11,475 | 0.7% | 16 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $4.4M | 46,169 | 0.7% | 16 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.0M | 104,296 | 0.6% | 16 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $3.9M | 92,871 | 0.6% | 10 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $3.5M | 26,147 | 0.5% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.9M | 24,698 | 0.5% | 16 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $2.9M | 88,933 | 0.4% | 10 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $2.8M | 50,501 | 0.4% | 16 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.8M | 9,019 | 0.4% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.6M | 9,888 | 0.4% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $2.6M | 56,180 | 0.4% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.4M | 17,765 | 0.4% | 16 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.3M | 149,879 | 0.4% | 16 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $2.2M | 6,123 | 0.3% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.2M | 9,437 | 0.3% | 16 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $2.1M | 50,780 | 0.3% | 16 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $2.1M | 12,854 | 0.3% | 16 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.9M | 23,837 | 0.3% | 16 |
| ISHARES TR | [IAT](https://holderbook.com/stocks/IAT/) | $1.8M | 36,674 | 0.3% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 17,320 | 0.3% | 16 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $1.6M | 10,470 | 0.3% | 16 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.5M | 24,124 | 0.2% | 16 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.4M | 3,783 | 0.2% | 16 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.3M | 3,974 | 0.2% | 16 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $1.3M | 27,425 | 0.2% | 3 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.3M | 4,881 | 0.2% | 16 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.2M | 5,370 | 0.2% | 16 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.1M | 20,140 | 0.2% | 16 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.1M | 7,818 | 0.2% | 16 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $1.1M | 17,321 | 0.2% | 10 |
| WISDOMTREE TR | [HEDJ](https://holderbook.com/stocks/HEDJ/) | $1.1M | 17,555 | 0.2% | 16 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.1M | 12,879 | 0.2% | 16 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $1.1M | 33,935 | 0.2% | 8 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $1.0M | 8,880 | 0.2% | 16 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.0M | 14,140 | 0.2% | 8 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.0M | 8,915 | 0.2% | 16 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $996.0K | 34,883 | 0.2% | 16 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $992.0K | 8,882 | 0.2% | 16 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $969.0K | 15,590 | 0.2% | 14 |
| INVESCO EXCHANGE TRADED FD T | [PHO](https://holderbook.com/stocks/PHO/) | $955.0K | 20,864 | 0.1% | 16 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $946.0K | 4,858 | 0.1% | 16 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $930.0K | 36,104 | 0.1% | 16 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $905.0K | 15,055 | 0.1% | 6 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $878.0K | 4,894 | 0.1% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $870.0K | 19,615 | 0.1% | 16 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $837.0K | 20,936 | 0.1% | 12 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $828.0K | 10,625 | 0.1% | 16 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $820.0K | 7,260 | 0.1% | 10 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $819.0K | 3,908 | 0.1% | 16 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $807.0K | 2,250 | 0.1% | 16 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $797.0K | 10,650 | 0.1% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $769.0K | 2,378 | 0.1% | 16 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $742.0K | 11,328 | 0.1% | 16 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $738.0K | 13,170 | 0.1% | 14 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $724.0K | 7,536 | 0.1% | 11 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $715.0K | 4,284 | 0.1% | 16 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $695.0K | 6,288 | 0.1% | 16 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $690.0K | 7,414 | 0.1% | 16 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $655.0K | 6,570 | 0.1% | 16 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $629.0K | 21,448 | 0.1% | 16 |

## 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 2022 | -6.8% | -5.3% | -1.5% | 100% |
| Q2 2022 | -11.8% | -16.5% | +4.7% | 100% |
| Q1 2022 | -3.7% | -4.9% | +1.2% | 100% |
| Q4 2021 | +9.8% | +10.7% | -0.9% | 100% |
| Q3 2021 | +0.4% | +0.3% | +0.1% | 100% |
| Q2 2021 | +6.8% | +8.0% | -1.2% | 96% |
| Q1 2021 | +4.7% | +6.0% | -1.3% | 96% |
| Q4 2020 | +13.1% | +11.6% | +1.4% | 96% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $640.6M | 162 |
| Q2 2022 | $696.5M | 159 |
| Q1 2022 | $813.0M | 168 |
| Q4 2021 | $886.2M | 174 |
| Q3 2021 | $806.6M | 162 |
| Q2 2021 | $801.1M | 169 |
| Q1 2021 | $687.1M | 169 |
| Q4 2020 | $639.9M | 168 |
| Q3 2020 | $565.1M | 155 |
| Q2 2020 | $532.6M | 153 |
| Q1 2020 | $451.8M | 145 |
| Q4 2019 | $580.5M | 166 |