R.M.SINCERBEAUX CAPITAL MANAGEMENT LLC

CIK

1426774

Location

New York, NY

Portfolio Value

Small $188,044,544

Diversification

Diversified

Filing Date

Global Rank

#4,671 / 8,633 ▲ 92

Top Industry

Oil & Gas Midstream 17.3%

3Y Alpha vs SPY

+1.4%

Period ended 52 days ago

Filed Jul 29, 2026 · 23d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+79.6%

SPY

+73.6%

Annualised alpha

+1.4%

Max drawdown

−16.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

39 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.1%

−0.7 pts

Top 5

42.3%

−1.6 pts

Top 10

67.9%

+0.3 pts

HHI

555

Diversified−7

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	29.5%	$55,397,162	6
Technology	25.2%	$47,371,230	8
Energy	17.9%	$33,611,395	5
Consumer Cyclical	9.2%	$17,291,564	6
Healthcare	9.1%	$17,110,480	4
Consumer Defensive	4.8%	$8,977,191	6
Industrials	4.0%	$7,455,218	3
Basic Materials	0.4%	$830,304	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
MSFT	Microsoft Corp	+1,235	42,045	$15,683,625
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
QCOM	Qualcomm Inc/De	−2,050	51,650	$9,544,403
V	Visa Inc.	−900	54,389	$18,660,322
IBM	International Business Machines Corp	−300	4,273	$1,201,610
EBAY	Ebay Inc	−200	37,800	$4,224,150
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
FDXF	FedEx Freight Holding Company, Inc.	3,200	$483,200
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

39 tracked positions · $188,044,544 total · filing declares 39 positions · $188,044,556 · as of Jun 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
WMB	Williams Companies, Inc. Energy	Held	255,723	0	$19,010,447	+2.1%	10.11%
V	Visa Inc. Financial Services	Reduced	54,389	-900	$18,660,322	+11.7%	9.92%
MSFT	Microsoft Corp Technology	Added	42,045	+1,235	$15,683,625	+3.8%	8.34%
ABBV	AbbVie Inc. Healthcare	Held	55,400	0	$13,940,856	+15.7%	7.41%
KMI	Kinder Morgan, Inc. Energy	Held	382,107	0	$12,215,960	−4.7%	6.50%
GS	Goldman Sachs Group Inc Financial Services	Held	10,854	0	$10,977,409	+19.5%	5.84%
JPM	Jpmorgan Chase & Co Financial Services	Held	29,870	0	$9,777,347	+11.3%	5.20%
QCOM	Qualcomm Inc/De Technology	Reduced	51,650	-2,050	$9,544,403	+38.0%	5.08%
BAC	Bank Of America Corp /De/ Financial Services	Held	165,577	0	$9,434,577	+16.9%	5.02%
ADP	Automatic Data Processing Inc Technology	Held	37,650	0	$8,431,717	+10.2%	4.48%
ADI	Analog Devices Inc Technology	Held	14,367	0	$5,706,141	+24.8%	3.03%
BA	Boeing Co Industrials	Held	22,950	0	$4,967,986	+8.8%	2.64%
CSCO	Cisco Systems, Inc. Technology	Held	39,400	0	$4,627,924	+51.4%	2.46%
EBAY	Ebay Inc Consumer Cyclical	Reduced	37,800	-200	$4,224,150	+22.1%	2.25%
AMZN	Amazon Com Inc Consumer Cyclical	Held	17,700	0	$4,218,618	+14.4%	2.24%
PYPL	PayPal Holdings, Inc. Financial Services	Held	94,200	0	$4,067,556	−4.5%	2.16%
HD	Home Depot, Inc. Consumer Cyclical	Held	8,800	0	$3,103,584	+7.2%	1.65%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	Held	33,400	0	$2,812,614	+3.7%	1.50%
KO	Coca Cola Co Consumer Defensive	Held	34,530	0	$2,806,253	+6.9%	1.49%
TNL	Travel & Leisure Co. Consumer Cyclical	Held	32,600	0	$2,491,618	+10.5%	1.33%
C	Citigroup Inc Financial Services	Held	17,719	0	$2,479,951	+23.4%	1.32%
WMT	Walmart Inc. Consumer Defensive	Held	20,500	0	$2,321,830	−8.9%	1.23%
FDX	Fedex Corp Industrials	Held	6,400	0	$2,004,032	−12.1%	1.07%
PFE	Pfizer Inc Healthcare	Held	77,032	0	$1,854,930	−14.2%	0.99%
PM	Philip Morris International Inc. Consumer Defensive	Held	9,816	0	$1,775,812	+9.4%	0.94%
BR	Broadridge Financial Solutions, Inc. Technology	Held	12,900	0	$1,766,655	−15.7%	0.94%
MO	Altria Group, Inc. Consumer Defensive	Held	21,032	0	$1,513,252	+9.0%	0.80%
OKE	Oneok Inc /New/ Energy	Held	13,939	0	$1,211,856	−3.8%	0.64%
IBM	International Business Machines Corp Technology	Reduced	4,273	-300	$1,201,610	+8.4%	0.64%
ABT	Abbott Laboratories Healthcare	Held	11,433	0	$1,037,430	−11.6%	0.55%
LIN	Linde PLC Basic Materials	Held	1,600	0	$830,304	+4.7%	0.44%
CVX	Chevron Corp Energy	Held	3,816	0	$632,540	−19.9%	0.34%
COP	Conocophillips Energy	Held	5,200	0	$540,592	−21.2%	0.29%
FDXF	FedEx Freight Holding Company, Inc. Industrials	NEW	3,200	NEW	$483,200	NEW	0.26%
LOW	Lowes Companies Inc Consumer Cyclical	Held	2,000	0	$440,980	−6.7%	0.23%
AAPL	Apple Inc. Technology	Held	1,414	0	$409,155	+14.0%	0.22%
CL	Colgate Palmolive Co Consumer Defensive	Held	3,332	0	$305,477	+7.6%	0.16%
VTRS	Viatris Inc Healthcare	Held	17,460	0	$277,264	+17.5%	0.15%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	1,736	0	$254,567	+1.5%	0.14%

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.