Avalon Investment & Advisory
Filing Date
Global Rank
#671
/ 6,875
▼ 7
· as of Mar 2023
Top Industry
Drug Manufacturers - General
9.0%
3Y Alpha vs SPY
-3.8%
Period ended 3 years ago
Filed May 15, 2023 · 3y
13 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+60.2%
SPY
+76.0%
Annualised alpha
-3.7%
Max drawdown
−16.8%
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
230 positions · as of Mar 31, 2023 · Δ vs Dec 31, 2022Top Position
3.6%
+0.5 pts
Top 5
15.1%
+0.3 pts
Top 10
26.8%
+0.7 pts
HHI
142
Diversified+1
Portfolio Trend
13 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2023| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 17.2% | $526,872,245 |
| Financial Services | 15.8% | $485,678,297 |
| Healthcare | 15.2% | $467,394,186 |
| Industrials | 10.9% | $335,787,743 |
| Consumer Defensive | 10.2% | $313,083,050 |
| Energy | 7.4% | $228,530,463 |
| Consumer Cyclical | 7.2% | $221,984,645 |
| Communication Services | 5.0% | $152,577,690 |
| Unclassified | 3.5% | $106,741,247 |
| Real Estate | 3.4% | $103,711,886 |
| Basic Materials | 2.6% | $81,287,073 |
| Utilities | 1.5% | $45,969,263 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VNT | Vontier Corp | +690,283 | 2,279,687 | $62,326,642 | |
| BN | BROOKFIELD Corp /ON/ | +460,659 | 1,436,704 | $31,214,836 | |
| MRVL | Marvell Technology, Inc. | +227,385 | 237,874 | $10,299,944 | |
| AMZN | Amazon Com Inc | +200,033 | 379,379 | $39,186,056 | |
| KO | Coca Cola Co | +175,832 | 561,377 | $34,822,215 | |
| PFE | Pfizer Inc | +170,505 | 584,222 | $23,836,257 | |
| MDT | Medtronic plc | +133,039 | 160,295 | $12,922,982 | |
| GOOGL | Alphabet Inc. | +124,575 | 932,361 | $96,713,806 | |
| IHS | IHS Holding Ltd | +113,724 | 646,213 | $5,660,825 | |
| DIS | Walt Disney Co | +108,112 | 116,536 | $11,668,749 | |
| PLD | Prologis, Inc. | +78,452 | 82,609 | $10,307,124 | |
| WMT | Walmart Inc. | +78,374 | 80,444 | $3,953,822 | |
| BUR | Burford Capital Ltd | +75,773 | 504,620 | $5,581,097 | |
| META | Meta Platforms, Inc. | +71,465 | 83,380 | $17,671,557 | |
| AAPL | Apple Inc. | +70,202 | 677,724 | $111,756,687 | |
| CRM | Salesforce, Inc. | +66,733 | 75,611 | $15,105,565 | |
| TSLA | Tesla, Inc. | +56,606 | 65,291 | $13,545,270 | |
| MSFT | Microsoft Corp | +52,655 | 326,786 | $94,212,403 | |
| CAT | Caterpillar Inc | +50,338 | 53,060 | $12,142,250 | |
| BRK-B | Berkshire Hathaway Inc | +49,179 | 223,023 | $68,862,811 | |
| V | Visa Inc. | +48,944 | 76,171 | $17,173,513 | |
| IMXI | International Money Express, Inc. | +47,512 | 193,947 | $4,999,953 | |
| MCD | Mcdonalds Corp | +41,319 | 47,560 | $13,298,251 | |
| RMNI | Rimini Street, Inc. | +34,144 | 1,214,166 | $5,002,363 | |
| MA | Mastercard Inc | +32,773 | 34,577 | $12,565,627 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| F | Ford Motor Co | −1,796,797 | 116,248 | $1,464,724 | |
| SLB | Slb Limited/Nv | −303,156 | 28,303 | $1,389,677 | |
| BAC | Bank Of America Corp /De/ | −276,163 | 879,474 | $25,152,956 | |
| IBM | International Business Machines Corp | −215,897 | 10,925 | $1,432,158 | |
| ORCL | Oracle Corp | −145,315 | 146,785 | $13,639,262 | |
| GILD | Gilead Sciences, Inc. | −137,937 | 253,084 | $20,998,379 | |
| QCOM | Qualcomm Inc/De | −118,680 | 5,007 | $638,793 | |
| TMUS | T-Mobile US, Inc. | −116,885 | 87,149 | $12,622,661 | |
| CMI | Cummins Inc | −96,994 | 294,169 | $70,271,090 | |
| MGNI | Magnite, Inc. | −65,040 | 183,854 | $1,702,488 | |
| GPC | Genuine Parts Co | −57,202 | 70,049 | $11,719,898 | |
| HON | Honeywell International Inc | −56,135 | 109,499 | $20,686,178 | |
| CI | Cigna Group | −51,922 | 5,425 | $1,386,250 | |
| WFC | Wells Fargo & Company/Mn | −31,677 | 1,253,050 | $46,839,009 | |
| KHC | Kraft Heinz Co | −26,726 | 364,296 | $14,087,326 | |
| LMT | Lockheed Martin Corp | −23,816 | 96,162 | $45,458,662 | |
| MS | Morgan Stanley | −22,927 | 761,727 | $66,879,630 | |
| VZ | Verizon Communications Inc | −21,635 | 273,863 | $10,650,532 | |
| CALM | Cal-Maine Foods Inc | −21,564 | 810,594 | $49,357,068 | |
| PSX | Phillips 66 | −21,202 | 482,214 | $48,886,855 | |
| MRK | Merck & Co., Inc. | −19,639 | 736,753 | $78,383,151 | |
| RYN | Rayonier Inc | −18,671 | 468,391 | $15,578,684 | |
| JPM | Jpmorgan Chase & Co | −18,405 | 370,219 | $48,243,237 | |
| CHRD | Chord Energy Corp | −17,884 | 51,622 | $6,948,321 | |
| TCBX | Third Coast Bancshares, Inc. | −17,719 | 17,719 | $278,365 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
17 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| KMX | Carmax Inc | 731,690 | $47,033,033 | |
| LIN | Linde PLC | 90,416 | $32,137,463 | |
| DE | Deere & Co | 28,157 | $11,625,462 | |
| REGN | Regeneron Pharmaceuticals, Inc. | 13,831 | $11,364,517 | |
| TJX | Tjx Companies Inc /De/ | 140,845 | $11,036,614 | |
| TFC | Truist Financial Corp | 285,325 | $9,729,582 | |
| PNC | Pnc Financial Services Group, Inc. | 71,199 | $9,049,392 | |
| DRI | Darden Restaurants Inc | 35,411 | $5,494,370 | |
| VVV | Valvoline Inc | 152,449 | $5,326,568 | |
| APG | APi Group Corp | 201,134 | $3,014,334 | |
| DECK | Deckers Outdoor Corp | 12,208 | $914,684 | |
| SPGI | S&P Global Inc. | 2,370 | $773,041 | |
| ILMN | Illumina, Inc. | 2,398 | $542,465 | |
| LNG | Cheniere Energy, Inc. | 3,149 | $496,282 | |
| ZTS | Zoetis Inc. | 2,837 | $472,190 | |
| EXPE | Expedia Group, Inc. | 3,383 | $328,252 | |
| PGR | Progressive Corp/Oh/ | 2,212 | $316,448 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
22 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SCHW | Schwab Charles Corp | 356,462 | $29,679,026 | |
| LPLA | LPL Financial Holdings Inc. | 89,954 | $19,445,356 | |
| STZ | Constellation Brands, Inc. | 66,604 | $15,435,477 | |
| WM | Waste Management Inc | 98,232 | $15,410,636 | |
| DOV | DOVER Corp | 99,788 | $13,512,293 | |
| ACI | Albertsons Companies, Inc. | 617,616 | $12,809,355 | |
| ALB | Albemarle Corp | 48,894 | $10,603,152 | |
| ZD | Ziff Davis, Inc. | 65,453 | $5,177,332 | |
| XPEL | XPEL, Inc. | 47,317 | $2,841,859 | |
| PFBC | Preferred Bank | 34,895 | $2,603,864 | |
| CABO | Cable One, Inc. | 889 | $632,843 | |
| USB | US Bancorp De | 11,946 | $520,965 | |
| BMO | Bank Of Montreal /Can/ | 4,877 | $441,856 | |
| HALO | Halozyme Therapeutics, Inc. | 4,725 | $268,852 | |
| RY | Royal Bank Of Canada | 2,703 | $254,136 | |
| HP | Helmerich & Payne, Inc. | 4,935 | $244,627 | |
| VC | Visteon Corp | 1,810 | $236,802 | |
| GMED | Globus Medical Inc | 3,159 | $234,618 | |
| GS | Goldman Sachs Group Inc | 634 | $217,702 | |
| UTHR | UNITED THERAPEUTICS Corp | 775 | $215,519 | |
| BCS | Barclays PLC | 10,884 | $84,895 | |
| ERIC | Ericsson Lm Telephone Co | 10,019 | $58,510 | |
| No positions match the current search. | ||||
230 positions ·
$3,069,617,788 total
· as of Mar 31, 2023
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 230 positions by value
· page 1 of 5
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AAPL |
Apple Inc.
Technology
|
Added | 677,724 | $111,756,687 | 3.64% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 932,361 | $96,713,806 | 3.15% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 326,786 | $94,212,403 | 3.07% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 503,278 | $82,114,838 | 2.68% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Reduced | 166,793 | $78,824,703 | 2.57% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Reduced | 736,753 | $78,383,151 | 2.55% | |
| TXN |
Texas Instruments Inc
Technology
|
Reduced | 408,096 | $75,909,936 | 2.47% | |
| CMI |
Cummins Inc
Industrials
|
Reduced | 294,169 | $70,271,090 | 2.29% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 223,023 | $68,862,811 | 2.24% | |
| MS |
Morgan Stanley
Financial Services
|
Reduced | 761,727 | $66,879,630 | 2.18% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Reduced | 351,477 | $64,074,257 | 2.09% | |
| VNT |
Vontier Corp
Technology
|
Added | 2,279,687 | $62,326,642 | 2.03% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Reduced | 150,627 | $61,665,187 | 2.01% | |
| CALM |
Cal-Maine Foods Inc
Consumer Defensive
|
Reduced | 810,594 | $49,357,068 | 1.61% | |
| ACN |
Accenture plc
Technology
|
Reduced | 171,947 | $49,144,172 | 1.60% | |
| PSX |
Phillips 66
Energy
|
Reduced | 482,214 | $48,886,855 | 1.59% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 370,219 | $48,243,237 | 1.57% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 319,187 | $47,459,915 | 1.55% | |
| KMX |
Carmax Inc
Consumer Cyclical
|
NEW | 731,690 | $47,033,033 | 1.53% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Reduced | 1,253,050 | $46,839,009 | 1.53% | |
| LMT |
Lockheed Martin Corp
Industrials
|
Reduced | 96,162 | $45,458,662 | 1.48% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 150,066 | $44,287,477 | 1.44% | |
| CHRW |
C. H. Robinson Worldwide, Inc.
Industrials
|
Reduced | 440,740 | $43,796,333 | 1.43% | |
| EMR |
Emerson Electric Co
Industrials
|
Reduced | 501,695 | $43,717,702 | 1.42% | |
| UPS |
United Parcel Service Inc
Industrials
|
Reduced | 220,686 | $42,810,877 | 1.39% | |
| TROW |
Price T Rowe Group Inc
Financial Services
|
Reduced | 374,421 | $42,272,130 | 1.38% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 248,957 | $39,676,277 | 1.29% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 379,379 | $39,186,056 | 1.28% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Added | 561,377 | $34,822,215 | 1.13% | |
| TGT |
Target Corp
Consumer Defensive
|
Reduced | 204,931 | $33,942,721 | 1.11% | |
| LIN |
Linde PLC
Basic Materials
|
NEW | 90,416 | $32,137,463 | 1.05% | |
| BN |
BROOKFIELD Corp /ON/
Financial Services
|
Added | 1,436,704 | $31,214,836 | 1.02% | |
| BMY |
Bristol Myers Squibb Co
Healthcare
|
Reduced | 424,938 | $29,452,452 | 0.96% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Reduced | 879,474 | $25,152,956 | 0.82% | |
| AMGN |
Amgen Inc
Healthcare
|
Added | 102,009 | $24,660,675 | 0.80% | |
| FISV |
Fiserv Inc
|
Reduced | 213,326 | $24,112,237 | 0.79% | |
| PFE |
Pfizer Inc
Healthcare
|
Added | 584,222 | $23,836,257 | 0.78% | |
| VLO |
Valero Energy Corp/Tx
Energy
|
Reduced | 161,979 | $22,612,268 | 0.74% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 62,151 | $21,343,896 | 0.70% | |
| GILD |
Gilead Sciences, Inc.
Healthcare
|
Reduced | 253,084 | $20,998,379 | 0.68% | |
| HON |
Honeywell International Inc
Industrials
|
Reduced | 109,499 | $20,686,178 | 0.67% | |
| DUK |
Duke Energy CORP
Utilities
|
Reduced | 209,927 | $20,251,657 | 0.66% | |
| IRM |
Iron Mountain Inc
Real Estate
|
Reduced | 351,747 | $18,610,933 | 0.61% | |
| COP |
Conocophillips
Energy
|
Reduced | 186,329 | $18,485,700 | 0.60% | |
| UNP |
Union Pacific Corp
Industrials
|
Reduced | 89,231 | $17,958,631 | 0.59% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 83,380 | $17,671,557 | 0.58% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Added | 181,340 | $17,635,315 | 0.57% | |
| MET |
Metlife Inc
Financial Services
|
Added | 299,616 | $17,359,751 | 0.57% | |
| V |
Visa Inc.
Financial Services
|
Added | 76,171 | $17,173,513 | 0.56% | |
| CCI |
Crown Castle Inc.
Real Estate
|
Reduced | 127,837 | $17,109,704 | 0.56% |