Avalon Investment & Advisory
Filing Date
Global Rank
#663
/ 6,871
▼ 14
Top Industry
Drug Manufacturers - General
9.0%
3Y Alpha vs SPY
-4.1%
Period ended 3 years ago
Filed May 15, 2023 · 3y
13 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+57.1%
SPY
+74.2%
Annualised alpha
-4.1%
Max drawdown
−16.7%
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
229 positions · as of Mar 31, 2023 · Δ vs Dec 31, 2022Top Position
3.6%
+0.4 pts
Top 5
15.1%
+0.2 pts
Top 10
26.8%
+0.6 pts
HHI
142
Diversified+0
Portfolio Trend
13 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2023| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 17.1% | $526,872,245 |
| Financial Services | 15.7% | $484,647,918 |
| Healthcare | 15.2% | $467,394,186 |
| Industrials | 10.9% | $334,454,034 |
| Consumer Defensive | 10.2% | $313,454,854 |
| Energy | 8.2% | $253,769,260 |
| 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 | 1.0% | $31,738,333 |
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 | |
| XOM | Exxon Mobil Corp | +150,470 | 230,155 | $25,238,797 | |
| 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 | |
| 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 | $19,724,273 | |
| 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 | $817,104 | |
| 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. | ||||
229 positions ·
$3,078,633,371 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 229 positions by value
· page 1 of 5
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| COKE |
Coca-Cola Consolidated, Inc.
Consumer Defensive
|
Held | 505 | $27,021 | 0.00% | |
| TPL |
Texas Pacific Land Corp
Energy
|
Held | 224 | $42,336 | 0.00% | |
| ORLY |
O Reilly Automotive Inc
Consumer Cyclical
|
Reduced | 867 | $49,071 | 0.00% | |
| SONY |
Sony Group Corp
Technology
|
Reduced | 3,779 | $68,513 | 0.00% | |
| GRNT |
Granite Ridge Resources, Inc.
Energy
|
Held | 15,572 | $91,407 | 0.00% | |
| FTI |
TechnipFMC plc
Energy
|
Reduced | 11,672 | $159,322 | 0.01% | |
| SQM |
Chemical & Mining Co Of Chile Inc
Basic Materials
|
Reduced | 2,532 | $205,243 | 0.01% | |
| NOC |
Northrop Grumman Corp /De/
Industrials
|
Reduced | 459 | $211,929 | 0.01% | |
| GE |
General Electric Co
Industrials
|
Reduced | 2,861 | $218,285 | 0.01% | |
| T |
At&T Inc.
Communication Services
|
Added | 11,827 | $227,669 | 0.01% | |
| L |
Loews Corp
Financial Services
|
Added | 4,165 | $241,653 | 0.01% | |
| DLR |
Digital Realty Trust, Inc.
Real Estate
|
Reduced | 2,582 | $253,836 | 0.01% | |
| NRP |
Natural Resource Partners LP
Energy
|
Held | 5,000 | $261,000 | 0.01% | |
| EQR |
Equity Residential
Real Estate
|
Reduced | 4,368 | $262,080 | 0.01% | |
| MAIN |
Main Street Capital CORP
Financial Services
|
Held | 6,659 | $262,764 | 0.01% | |
| ISRG |
Intuitive Surgical Inc
Healthcare
|
Reduced | 1,037 | $264,922 | 0.01% | |
| TCBX |
Third Coast Bancshares, Inc.
Financial Services
|
Reduced | 17,719 | $278,365 | 0.01% | |
| NOW |
ServiceNow, Inc.
Technology
|
Reduced | 3,160 | $293,703 | 0.01% | |
| PGR |
Progressive Corp/Oh/
Financial Services
|
NEW | 2,212 | $316,448 | 0.01% | |
| EXPE |
Expedia Group, Inc.
Consumer Cyclical
|
NEW | 3,383 | $328,252 | 0.01% | |
| JOE |
ST JOE Co
Real Estate
|
Held | 7,954 | $330,965 | 0.01% | |
| GH |
Guardant Health, Inc.
Healthcare
|
Reduced | 14,644 | $343,255 | 0.01% | |
| AR |
ANTERO RESOURCES Corp
Energy
|
Added | 14,961 | $345,449 | 0.01% | |
| GHC |
Graham Holdings Co
Consumer Defensive
|
Reduced | 624 | $371,804 | 0.01% | |
| BA |
Boeing Co
Industrials
|
Added | 1,902 | $404,041 | 0.01% | |
| ROK |
Rockwell Automation, Inc
Industrials
|
Reduced | 1,383 | $405,841 | 0.01% | |
| MCHP |
Microchip Technology Inc
Technology
|
Reduced | 5,267 | $441,269 | 0.01% | |
| BRX |
Brixmor Property Group Inc.
Real Estate
|
Reduced | 21,024 | $452,436 | 0.01% | |
| SPT |
Sprout Social, Inc.
Technology
|
Added | 7,539 | $458,974 | 0.01% | |
| ZTS |
Zoetis Inc.
Healthcare
|
NEW | 2,837 | $472,190 | 0.02% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 7,864 | $474,513 | 0.02% | |
| PAA |
Plains All American Pipeline LP
Energy
|
Added | 39,009 | $486,442 | 0.02% | |
| DEO |
Diageo PLC
Consumer Defensive
|
Held | 2,700 | $489,186 | 0.02% | |
| LNG |
Cheniere Energy, Inc.
Energy
|
NEW | 3,149 | $496,282 | 0.02% | |
| HAL |
Halliburton Co
Energy
|
Added | 15,893 | $502,854 | 0.02% | |
| WES |
Western Midstream Partners, LP
Energy
|
Added | 19,660 | $518,434 | 0.02% | |
| PINS |
Pinterest, Inc.
Communication Services
|
Reduced | 19,247 | $524,865 | 0.02% | |
| ILMN |
Illumina, Inc.
Healthcare
|
NEW | 2,398 | $542,465 | 0.02% | |
| DG |
Dollar General Corp
Consumer Defensive
|
Reduced | 2,600 | $547,196 | 0.02% | |
| GTLS |
Chart Industries Inc
Industrials
|
Added | 4,418 | $554,017 | 0.02% | |
| ADPT |
Adaptive Biotechnologies Corp
Healthcare
|
Reduced | 66,293 | $585,367 | 0.02% | |
| SBUX |
Starbucks Corp
Consumer Cyclical
|
Added | 5,731 | $596,769 | 0.02% | |
| EOG |
Eog Resources Inc
Energy
|
Added | 5,207 | $596,878 | 0.02% | |
| QCOM |
Qualcomm Inc/De
Technology
|
Reduced | 5,007 | $638,793 | 0.02% | |
| TRGP |
Targa Resources Corp.
Energy
|
Added | 9,522 | $694,629 | 0.02% | |
| DINO |
HF Sinclair Corp
Energy
|
Reduced | 14,699 | $711,137 | 0.02% | |
| AWK |
American Water Works Company, Inc.
Utilities
|
Reduced | 4,904 | $718,386 | 0.02% | |
| ENB |
Enbridge Inc
Energy
|
Added | 18,867 | $719,776 | 0.02% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Held | 2,243 | $719,845 | 0.02% | |
| TECH |
BIO-TECHNE Corp
Healthcare
|
Reduced | 9,716 | $720,830 | 0.02% |