# FRONT BARNETT ASSOCIATES LLC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 936698. Source: https://holderbook.com/funds/936698-front-barnett-associates-llc/

- Reported value: $833.3M
- Positions: 112
- Weight of the ten largest: 47.8%
- Filed: 2023-11-13

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $111.7M | 652,688 | 13.4% | 20 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $44.8M | 342,534 | 5.4% | 20 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $43.4M | 85,753 | 5.2% | 20 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $34.6M | 166,297 | 4.1% | 20 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $29.0M | 219,855 | 3.5% | 20 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $28.6M | 225,194 | 3.4% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $27.0M | 186,351 | 3.2% | 20 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $26.4M | 85,945 | 3.2% | 20 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $26.4M | 193,308 | 3.2% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $26.0M | 153,947 | 3.1% | 20 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $25.5M | 125,162 | 3.1% | 20 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $24.3M | 88,935 | 2.9% | 20 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $23.3M | 87,992 | 2.8% | 20 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $23.0M | 61,862 | 2.8% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $22.3M | 70,583 | 2.7% | 20 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $21.8M | 43,292 | 2.6% | 20 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $21.0M | 123,684 | 2.5% | 20 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $18.5M | 149,434 | 2.2% | 20 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $17.8M | 87,598 | 2.1% | 20 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $17.4M | 184,143 | 2.1% | 20 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $14.5M | 200,789 | 1.7% | 14 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $13.8M | 364,734 | 1.7% | 20 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $13.5M | 20,904 | 1.6% | 7 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $13.1M | 113,241 | 1.6% | 12 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $13.0M | 474,311 | 1.6% | 20 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $11.6M | 143,171 | 1.4% | 20 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $10.2M | 130,170 | 1.2% | 20 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $9.2M | 134,418 | 1.1% | 20 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $9.0M | 58,750 | 1.1% | 20 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $7.6M | 110,357 | 0.9% | 20 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $7.3M | 48,375 | 0.9% | 2 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $6.0M | 41,610 | 0.7% | 20 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $5.5M | 15,405 | 0.7% | 20 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $5.0M | 11,806 | 0.6% | 20 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.6M | 13,124 | 0.6% | 20 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $4.0M | 15,945 | 0.5% | 20 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.7M | 21,133 | 0.4% | 20 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $3.4M | 14,735 | 0.4% | 20 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $3.3M | 68,521 | 0.4% | 20 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $3.2M | 21,536 | 0.4% | 20 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $2.9M | 45,498 | 0.4% | 20 |
| PROSHARES TR | [QLD](https://holderbook.com/stocks/QLD/) | $2.8M | 47,700 | 0.3% | 20 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.7M | 9,074 | 0.3% | 20 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $2.7M | 55,749 | 0.3% | 10 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $2.0M | 7,149 | 0.2% | 20 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.9M | 16,553 | 0.2% | 20 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.8M | 7,272 | 0.2% | 20 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.8M | 12,133 | 0.2% | 20 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.7M | 3,255 | 0.2% | 20 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.7M | 4,293 | 0.2% | 10 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.6M | 19,020 | 0.2% | 20 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $1.5M | 30,107 | 0.2% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.4M | 9,152 | 0.2% | 20 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.2M | 4,571 | 0.1% | 20 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.2M | 22,348 | 0.1% | 20 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.2M | 16,600 | 0.1% | 12 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $1.1M | 6,120 | 0.1% | 20 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $1.1M | 7,160 | 0.1% | 20 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.1M | 4,541 | 0.1% | 20 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $1.1M | 1,570 | 0.1% | 20 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.1M | 2 | 0.1% | 20 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.0M | 25,967 | 0.1% | 17 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $953.0K | 6,394 | 0.1% | 20 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $953.0K | 13,715 | 0.1% | 12 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $928.0K | 4,841 | 0.1% | 20 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $906.0K | 3,405 | 0.1% | 20 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $854.0K | 5,628 | 0.1% | 20 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $745.0K | 3,240 | 0.1% | 10 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $726.0K | 15,700 | 0.1% | 10 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $720.0K | 9,710 | 0.1% | 20 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $719.0K | 7,425 | 0.1% | 20 |
| INVESCO EXCH TRADED FD TR II | [PXF](https://holderbook.com/stocks/PXF/) | $715.0K | 16,419 | 0.1% | 20 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $673.0K | 798 | 0.1% | 6 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $655.0K | 18,425 | 0.1% | 20 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $581.0K | 1,762 | 0.1% | 20 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $571.0K | 5,124 | 0.1% | 20 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $530.0K | 2,562 | 0.1% | 10 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $523.0K | 9,351 | 0.1% | 20 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $504.0K | 3,063 | 0.1% | 20 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $497.0K | 7,526 | 0.1% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $462.0K | 1,062 | 0.1% | 3 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $455.0K | 6,551 | 0.1% | 20 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $447.0K | 5,551 | 0.1% | 12 |
| MAXIMUS INC | [MMS](https://holderbook.com/stocks/MMS/) | $430.0K | 5,755 | 0.1% | 10 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $417.0K | 4,499 | 0.1% | 20 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $410.0K | 3,710 | 0.0% | 10 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $393.0K | 770 | 0.0% | 10 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $392.0K | 693 | 0.0% | 13 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $388.0K | 11,704 | 0.0% | 20 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $379.0K | 3,920 | 0.0% | 14 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $347.0K | 2,168 | 0.0% | 20 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $345.0K | 2,825 | 0.0% | 10 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $305.0K | 7,248 | 0.0% | 20 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $292.0K | 3,888 | 0.0% | 20 |
| CHART INDS INC | [GTLS](https://holderbook.com/stocks/GTLS/) | $284.0K | 1,680 | 0.0% | 6 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $279.0K | 6,530 | 0.0% | 20 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $277.0K | 637 | 0.0% | 6 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $275.0K | 7,274 | 0.0% | 20 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $267.0K | 1,335 | 0.0% | 20 |
| ENVESTNET INC | [ENV](https://holderbook.com/stocks/ENV/) | $260.0K | 5,908 | 0.0% | 20 |

## 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 | -3.1% | -3.6% | +0.5% | 100% |
| Q2 2023 | +6.8% | +8.3% | -1.5% | 100% |
| Q1 2023 | +7.3% | +7.0% | +0.3% | 100% |
| Q4 2022 | +5.9% | +7.1% | -1.1% | 100% |
| Q3 2022 | -6.2% | -5.3% | -0.9% | 100% |
| Q2 2022 | -15.9% | -16.5% | +0.6% | 100% |
| Q1 2022 | -5.6% | -4.9% | -0.6% | 100% |
| Q4 2021 | +10.8% | +10.7% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $833.3M | 112 |
| Q2 2023 | $886.1M | 119 |
| Q1 2023 | $850.5M | 116 |
| Q4 2022 | $791.6M | 113 |
| Q3 2022 | $758.6M | 111 |
| Q2 2022 | $821.4M | 112 |
| Q1 2022 | $993.7M | 114 |
| Q4 2021 | $1.1B | 117 |
| Q3 2021 | $974.5M | 116 |
| Q2 2021 | $981.5M | 114 |
| Q1 2021 | $899.2M | 107 |
| Q4 2020 | $842.9M | 106 |