ARMSTRONG SHAW ASSOCIATES INC/CT

CIK

1034550

Location

NEW CANAAN, CT

Portfolio Value

Micro $95,179,605

Diversification

Diversified

Filing Date

Global Rank

#6,261 / 7,036 ▲ 28 · as of Sep 2023

Top Industry

Healthcare Plans 13.7%

Period ended 3 years ago

Filed Oct 13, 2023 · 3y

15 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2023, never from the firm's own description.

Style

Concentrated

The top 10 positions are 65.1% of the book (60%+)

Turnover

Low turnover

4.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 14.6 quarters (12+), a floor since 93.9% of the book was already held when coverage starts

Closest benchmark: the Nasdaq-100 as of 2023-09-30, active share 68.4%; sector active share 24.9% against the combined 13F book's sector weights.

Over time 15 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

44 tracked positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023

Top Position

12.3%

−0.6 pts

Top 5

46.2%

+0.3 pts

Top 10

65.1%

+0.4 pts

HHI

596

Diversified+1

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Technology	23.2%	$22,105,839	4
Financial Services	22.1%	$21,056,130	11
Healthcare	17.9%	$16,993,996	6
Communication Services	9.8%	$9,327,460	4
Consumer Cyclical	6.7%	$6,365,673	5
Energy	6.1%	$5,773,405	3
Basic Materials	5.6%	$5,287,168	4
Industrials	4.0%	$3,821,408	4
Consumer Defensive	3.3%	$3,149,416	1
Utilities	0.7%	$710,885	1
Unclassified	0.6%	$588,225	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
DOW	Dow Inc.	−238	6,451	$332,613
DD	DuPont de Nemours, Inc.	−238	6,102	$455,148
CTVA	Corteva, Inc.	−238	5,908	$302,253
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

3 positions

Ticker	Company	Shares	Value
UAL	United Airlines Holdings, Inc.	4,000	$219,480
RTX	RTX Corp	2,138	$209,438
—		4,651	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

44 tracked positions · $95,179,605 total · filing declares 44 positions · $95,179,615 · 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	Held (qtrs)	Est. cost/share	% of Portfolio
MSFT	Microsoft Corp Technology	Held	36,960	0	$11,670,120	−7.3%	15+	before history	12.26%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	20	0	$10,629,540	+2.6%	15+	before history	11.17%
AAPL	Apple Inc. Technology	Held	47,351	0	$8,106,964	−11.7%	15+	before history	8.52%
GOOG	Alphabet Inc. Communication Services	Held	49,360	0	$6,508,116	+9.0%	15+	before history	6.84%
UNH	Unitedhealth Group Inc Healthcare	Held	12,286	0	$6,194,478	+4.9%	15+	before history	6.51%
APD	Air Products & Chemicals, Inc. Basic Materials	Held	14,810	0	$4,197,154	−5.4%	15+	before history	4.41%
ELV	Elevance Health, Inc. Healthcare	Held	8,845	0	$3,851,289	−2.0%	15+	before history	4.05%
ABBV	AbbVie Inc. Healthcare	Held	24,253	0	$3,615,152	+10.6%	15+	before history	3.80%
STZ	Constellation Brands, Inc. Consumer Defensive	Held	12,531	0	$3,149,416	+2.1%	15+	before history	3.31%
ICE	Intercontinental Exchange, Inc. Financial Services	Held	28,290	0	$3,112,465	−2.7%	15+	before history	3.27%
AMZN	Amazon Com Inc Consumer Cyclical	Held	24,460	0	$3,109,355	−2.5%	15+	before history	3.27%
CVX	Chevron Corp Energy	Held	18,409	0	$3,104,125	+7.2%	15+	before history	3.26%
HON	Honeywell International Inc Industrials	Held	16,550	0	$3,057,446	−11.0%	15+	before history	3.21%
CVS	CVS HEALTH Corp Healthcare	Held	41,518	0	$2,898,786	+1.0%	15+	before history	3.05%
WMB	Williams Companies, Inc. Energy	Held	68,187	0	$2,297,220	+3.2%	15+	before history	2.41%
CMCSA	Comcast Corp Communication Services	Held	45,533	0	$2,018,934	+6.7%	15+	before history	2.12%
CB	Chubb Ltd Financial Services	Held	9,693	0	$2,017,888	+8.1%	15+	before history	2.12%
COF	Capital One Financial Corp Financial Services	Reduced	18,137	-1,000	$1,760,195	−15.9%	15+	before history	1.85%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	Held	35,241	0	$1,633,420	−9.1%	13	$43.94	1.72%
NXPI	NXP Semiconductors N.V. Technology	Held	7,997	0	$1,598,760	−2.3%	15+	before history	1.68%
C	Citigroup Inc Financial Services	Reduced	24,884	-8,138	$1,023,478	−32.7%	15+	before history	1.08%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	Held	13,930	0	$968,692	+1.4%	15+	before history	1.02%
DELL	Dell Technologies Inc. Technology	Held	10,595	0	$729,995	+27.3%	15+	before history	0.77%
AEE	Ameren Corp Utilities	Held	9,500	0	$710,885	−8.4%	15+	before history	0.75%
AMP	Ameriprise Financial Inc Financial Services	Held	2,020	0	$665,953	−0.7%	15+	before history	0.70%
BN	BROOKFIELD Corp Financial Services	Held	20,475	0	$640,254	−7.1%	4	unpriced	0.67%
GOOGL	Alphabet Inc. Communication Services	Held	4,500	0	$588,870	+9.3%	15+	before history	0.62%
EEM	iShares MSCI Emerging Markets ETF	Held	15,500	0	$588,225	−4.1%	3	$39.76	0.62%
DD	DuPont de Nemours, Inc. Basic Materials	Reduced	6,102	-238	$455,148	+0.5%	15+	before history	0.48%
PYPL	PayPal Holdings, Inc. Financial Services	Held	6,900	0	$403,374	−12.4%	15+	before history	0.42%
DVN	Devon Energy Corp Energy	Held	7,800	0	$372,060	−1.3%	3	$56.92	0.39%
TNL	Travel & Leisure Co. Consumer Cyclical	Held	9,784	0	$359,366	−8.9%	11	$54.31	0.38%
DOW	Dow Inc. Basic Materials	Reduced	6,451	-238	$332,613	−6.6%	15+	before history	0.35%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	900	0	$315,270	+2.7%	12	$220.20	0.33%
PNR	PENTAIR plc Industrials	Held	4,749	0	$307,497	+0.2%	15+	before history	0.32%
CTVA	Corteva, Inc. Basic Materials	Reduced	5,908	-238	$302,253	−14.2%	15+	before history	0.32%
MAR	Marriott International Inc Consumer Cyclical	Held	1,500	0	$294,840	+7.0%	11	$136.53	0.31%
GS	Goldman Sachs Group Inc Financial Services	Held	800	0	$258,856	+0.3%	11	$311.33	0.27%
BA	Boeing Co Industrials	Held	1,300	0	$249,184	−9.2%	12	$203.74	0.26%
AXP	American Express Co Financial Services	Held	1,534	0	$228,857	−14.4%	11	$132.13	0.24%
GILD	Gilead Sciences, Inc. Healthcare	Held	2,950	0	$221,073	−2.8%	4	$79.19	0.23%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Held	1,900	0	$213,218	−22.9%	4	$116.05	0.22%
DIS	Walt Disney Co Communication Services	Held	2,610	0	$211,540	−9.2%	3	$100.82	0.22%
GE	General Electric Co Industrials	Held	1,875	0	$207,281	+0.6%	2	$101.47	0.22%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.