ARMSTRONG SHAW ASSOCIATES INC/CT

CIK

1034550

Location

NEW CANAAN, CT

Portfolio Value

Micro $77,152,596

Diversification

Diversified

Filing Date

Global Rank

#4,930 / 6,900 — · as of Sep 2023

Top Industry

Healthcare Plans 16.8%

3Y Alpha vs SPY

-6.7%

Period ended 2 years ago

Filed Oct 13, 2023 · 2y

15 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+46.7%

SPY

+76.5%

Annualised alpha

-7.2%

Max drawdown

−16.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

41 positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023

Top Position

15.1%

−0.5 pts

Top 5

44.1%

−0.8 pts

Top 10

64.9%

+0.0 pts

HHI

620

Diversified−15

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Technology	28.7%	$22,105,839	4
Healthcare	22.0%	$16,993,996	6
Financial Services	13.2%	$10,213,172	10
Consumer Cyclical	8.3%	$6,365,673	5
Energy	7.5%	$5,773,405	3
Basic Materials	7.0%	$5,403,335	4
Industrials	4.9%	$3,744,305	4
Consumer Defensive	4.1%	$3,149,416	1
Communication Services	3.5%	$2,692,570	3
Utilities	0.9%	$710,885	1

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
C	Citigroup Inc	−8,138	24,884	$1,023,478
COF	Capital One Financial Corp	−1,000	18,137	$1,760,195
CTVA	Corteva, Inc.	−238	5,908	$302,253
DD	DuPont de Nemours, Inc.	−238	6,102	$571,315
DOW	Dow Inc.	−238	6,451	$332,613
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
UAL	United Airlines Holdings, Inc.	4,000	$219,480
RTX	RTX Corp	2,138	$209,438
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

41 positions · $77,152,596 total · as of Sep 30, 2023

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Held	36,960	0	$11,670,120	−7.3%	15.13%
AAPL	Apple Inc. Technology	Held	47,351	0	$8,106,964	−11.7%	10.51%
UNH	Unitedhealth Group Inc Healthcare	Held	12,286	0	$6,194,478	+4.9%	8.03%
APD	Air Products & Chemicals, Inc. Basic Materials	Held	14,810	0	$4,197,154	−5.4%	5.44%
ELV	Elevance Health, Inc. Healthcare	Held	8,845	0	$3,851,289	−2.0%	4.99%
ABBV	AbbVie Inc. Healthcare	Held	24,253	0	$3,615,152	+10.6%	4.69%
STZ	Constellation Brands, Inc. Consumer Defensive	Held	12,531	0	$3,149,416	+2.1%	4.08%
ICE	Intercontinental Exchange, Inc. Financial Services	Held	28,290	0	$3,112,465	−2.7%	4.03%
AMZN	Amazon Com Inc Consumer Cyclical	Held	24,460	0	$3,109,355	−2.5%	4.03%
CVX	Chevron Corp Energy	Held	18,409	0	$3,104,125	+7.2%	4.02%
HON	Honeywell International Inc Industrials	Held	16,550	0	$3,022,197	−11.0%	3.92%
CVS	CVS HEALTH Corp Healthcare	Held	41,518	0	$2,898,786	+1.0%	3.76%
WMB	Williams Companies, Inc. Energy	Held	68,187	0	$2,297,220	+3.2%	2.98%
CB	Chubb Ltd Financial Services	Held	9,693	0	$2,017,888	+8.1%	2.62%
CMCSA	Comcast Corp Communication Services	Held	45,533	0	$1,892,160	+6.7%	2.45%
COF	Capital One Financial Corp Financial Services	Reduced	18,137	-1,000	$1,760,195	−15.9%	2.28%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	Held	35,241	0	$1,633,420	−9.1%	2.12%
NXPI	NXP Semiconductors N.V. Technology	Held	7,997	0	$1,598,760	−2.3%	2.07%
C	Citigroup Inc Financial Services	Reduced	24,884	-8,138	$1,023,478	−32.7%	1.33%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	Held	13,930	0	$968,692	+1.4%	1.26%
DELL	Dell Technologies Inc. Technology	Held	10,595	0	$729,995	+27.3%	0.95%
AEE	Ameren Corp Utilities	Held	9,500	0	$710,885	−8.4%	0.92%
AMP	Ameriprise Financial Inc Financial Services	Held	2,020	0	$665,953	−0.7%	0.86%
GOOGL	Alphabet Inc. Communication Services	Held	4,500	0	$588,870	+9.3%	0.76%
DD	DuPont de Nemours, Inc. Basic Materials	Reduced	6,102	-238	$571,315	+0.5%	0.74%
BN	BROOKFIELD Corp /ON/ Financial Services	Held	20,475	0	$426,836	−7.1%	0.55%
PYPL	PayPal Holdings, Inc. Financial Services	Held	6,900	0	$403,374	−12.4%	0.52%
DVN	Devon Energy Corp/De Energy	Held	7,800	0	$372,060	−1.3%	0.48%
TNL	Travel & Leisure Co. Consumer Cyclical	Held	9,784	0	$359,366	−8.9%	0.47%
DOW	Dow Inc. Basic Materials	Reduced	6,451	-238	$332,613	−6.6%	0.43%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	900	0	$315,270	+2.7%	0.41%
PNR	PENTAIR plc Industrials	Held	4,749	0	$307,497	+0.2%	0.40%
CTVA	Corteva, Inc. Basic Materials	Reduced	5,908	-238	$302,253	−14.2%	0.39%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Held	1,500	0	$294,840	+7.0%	0.38%
GS	Goldman Sachs Group Inc Financial Services	Held	800	0	$258,856	+0.3%	0.34%
BA	Boeing Co Industrials	Held	1,300	0	$249,184	−9.2%	0.32%
AXP	American Express Co Financial Services	Held	1,534	0	$228,857	−14.4%	0.30%
GILD	Gilead Sciences, Inc. Healthcare	Held	2,950	0	$221,073	−2.8%	0.29%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Held	1,900	0	$213,218	−22.9%	0.28%
DIS	Walt Disney Co Communication Services	Held	2,610	0	$211,540	−9.2%	0.27%
GE	General Electric Co Industrials	Held	1,875	0	$165,427	+0.6%	0.21%