PALLADIUM PARTNERS LLC

CIK

1436871

Location

NORFOLK, VA

Portfolio Value

Mid $1,465,214,781

Diversification

Diversified

Filing Date

Global Rank

#1,090 / 6,760 ▼ 6

Top Industry

Consumer Electronics 11.4%

3Y Alpha vs SPY

-5.5%

Period ended 4 years ago

Filed Apr 26, 2022 · 4y

9 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+53.5%

SPY

+76.3%

Annualised alpha

-5.5%

Max drawdown

−16.1%

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

217 positions · as of Mar 31, 2022 · Δ vs Dec 31, 2021

Top Position

11.2%

−0.1 pts

Top 5

27.7%

−1.9 pts

Top 10

39.3%

−1.1 pts

HHI

284

Diversified−18

Portfolio Trend

9 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2022

Sector	% Portfolio	Value	Positions
Technology	27.9%	$409,376,766	27
Healthcare	16.0%	$234,817,789	23
Financial Services	14.1%	$206,494,611	37
Industrials	10.5%	$154,275,153	33
Consumer Cyclical	7.6%	$112,037,997	18
Consumer Defensive	6.7%	$98,054,120	15
Communication Services	5.6%	$82,549,561	9
Energy	4.5%	$65,933,786	12
Utilities	2.2%	$32,381,610	17
Basic Materials	2.2%	$31,650,553	11
Real Estate	1.5%	$21,289,629	10
Unclassified	1.1%	$16,353,206	5

Last Quarter's Activity

Export CSV

Mar 31, 2022 vs Dec 31, 2021

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BWA	Borgwarner Inc	+30,906	212,504	$7,276,774
CMCSA	Comcast Corp	+28,066	428,683	$18,810,609
BSX	Boston Scientific Corp	+24,004	306,666	$13,582,237
SPGI	S&P Global Inc.	+21,187	22,388	$9,183,109
TJX	Tjx Companies Inc /De/	+18,130	161,819	$9,802,994
JBL	Jabil Inc	+13,636	210,238	$12,977,990
CSCO	Cisco Systems, Inc.	+10,503	436,433	$24,335,503
CVX	Chevron Corp	+9,258	259,613	$42,272,784
FISV	Fiserv Inc	+7,688	90,209	$9,147,192
VZ	Verizon Communications Inc	+6,113	281,332	$14,331,051
EMR	Emerson Electric Co	+5,952	207,438	$20,339,295
SCHW	Schwab Charles Corp	+4,518	212,218	$17,892,099
EMN	Eastman Chemical Co	+3,914	193,200	$21,649,991
MAS	Masco Corp /De/	+3,007	296,990	$15,146,490
PRU	Prudential Financial Inc	+2,662	134,724	$15,920,334
DD	DuPont de Nemours, Inc.	+2,541	13,271	$408,568
ADBE	Adobe Inc.	+2,420	66,766	$30,419,924
LMT	Lockheed Martin Corp	+2,408	37,351	$16,486,730
UPS	United Parcel Service Inc	+2,157	85,038	$18,237,249
WMT	Walmart Inc.	+2,115	200,493	$9,952,471
MCD	Mcdonalds Corp	+1,633	87,717	$21,690,659
MA	Mastercard Inc	+1,040	93,265	$33,331,044
AVGO	Broadcom Inc.	+1,034	34,326	$2,161,439
UNH	Unitedhealth Group Inc	+940	54,103	$27,590,906
HD	Home Depot, Inc.	+879	162,549	$48,655,792
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
INTC	Intel Corp	−189,399	345,225	$17,109,350
MCK	Mckesson Corp	−34,731	28,621	$8,761,746
AAPL	Apple Inc.	−19,483	941,885	$164,462,539
BAC	Bank Of America Corp /De/	−10,834	504,809	$20,808,226
PFE	Pfizer Inc	−8,516	234,207	$12,124,895
NKE	NIKE, Inc.	−7,539	42,644	$5,738,176
MRK	Merck & Co., Inc.	−6,785	243,482	$19,977,697
SBUX	Starbucks Corp	−6,504	77,195	$7,022,429
MO	Altria Group, Inc.	−4,448	110,080	$5,751,680
KMB	Kimberly Clark Corp	−4,236	90,849	$11,188,962
T	At&T Inc.	−4,229	78,147	$1,394,720
CBRE	Cbre Group, Inc.	−3,172	47,895	$4,383,350
BMY	Bristol Myers Squibb Co	−2,815	71,896	$5,250,564
JPM	Jpmorgan Chase & Co	−2,611	320,582	$43,701,737
KO	Coca Cola Co	−2,442	135,906	$8,426,172
MSFT	Microsoft Corp	−2,416	340,244	$104,900,627
XOM	Exxon Mobil Corp	−2,306	144,304	$11,918,067
KR	Kroger Co	−2,122	101,261	$5,809,343
AMGN	Amgen Inc	−1,812	48,240	$11,665,396
UDR	UDR, Inc.	−1,722	106,913	$6,133,598
OTIS	Otis Worldwide Corp	−1,701	9,869	$759,419
CTVA	Corteva, Inc.	−1,416	6,451	$370,803
A	Agilent Technologies, Inc.	−1,331	26,029	$3,444,417
LUV	Southwest Airlines Co	−1,325	6,735	$308,463
DOW	Dow Inc.	−1,274	18,194	$1,159,321
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
AMD	Advanced Micro Devices Inc	75,712	$8,278,350
ADSK	Autodesk, Inc.	32,892	$7,050,400
MDT	Medtronic plc	28,433	$3,154,641
ETN	Eaton Corp plc	12,265	$1,861,336
COR	Cencora, Inc.	9,833	$1,521,263
TROW	Price T Rowe Group Inc	5,017	$758,520
SHEL	Shell plc	10,733	$589,563
UTL	Unitil Corp	6,370	$317,735
AMT	American Tower Corp /Ma/	951	$238,910
LYB	LyondellBasell Industries N.V.	1,976	$203,172
ENB	Enbridge Inc	4,373	$201,551
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
VMC	Vulcan Materials CO	2,225	$461,865
CLX	Clorox Co /De/	1,511	$263,457
SHW	Sherwin Williams Co	705	$248,272
DOV	DOVER Corp	1,332	$241,891
ADI	Analog Devices Inc	1,164	$204,596
ETR	Entergy Corp /De/	1,968	$110,847
NFLX	Netflix Inc	394	$23,736
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

217 positions · $1,465,214,781 total · as of Mar 31, 2022

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

Showing 1–50 of 217 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	941,885	-19,483	$164,462,539	−3.7%	11.22%
MSFT	Microsoft Corp Technology	Reduced	340,244	-2,416	$104,900,627	−9.0%	7.16%
HD	Home Depot, Inc. Consumer Cyclical	Added	162,549	+879	$48,655,792	−27.5%	3.32%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	320,582	-2,611	$43,701,737	−14.6%	2.98%
LLY	ELI LILLY & Co Healthcare	Reduced	151,670	-391	$43,433,737	+3.4%	2.96%
CVX	Chevron Corp Energy	Added	259,613	+9,258	$42,272,784	+43.9%	2.89%
JNJ	Johnson & Johnson Healthcare	Reduced	206,397	-623	$36,579,739	+3.3%	2.50%
MA	Mastercard Inc Financial Services	Added	93,265	+1,040	$33,331,044	+0.6%	2.27%
ADBE	Adobe Inc. Technology	Added	66,766	+2,420	$30,419,924	−16.6%	2.08%
UNH	Unitedhealth Group Inc Healthcare	Added	54,103	+940	$27,590,906	+3.4%	1.88%
PEP	Pepsico Inc Consumer Defensive	Reduced	160,234	-18	$26,819,966	−3.7%	1.83%
DIS	Walt Disney Co Communication Services	Added	186,761	+356	$25,616,138	−11.3%	1.75%
CSCO	Cisco Systems, Inc. Technology	Added	436,433	+10,503	$24,335,503	−9.8%	1.66%
NSC	Norfolk Southern Corp Industrials	Reduced	79,068	-853	$22,551,774	−5.2%	1.54%
MCD	Mcdonalds Corp Consumer Cyclical	Added	87,717	+1,633	$21,690,659	−6.0%	1.48%
EMN	Eastman Chemical Co Basic Materials	Added	193,200	+3,914	$21,649,991	−5.4%	1.48%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	504,809	-10,834	$20,808,226	−9.3%	1.42%
EMR	Emerson Electric Co Industrials	Added	207,438	+5,952	$20,339,295	+8.6%	1.39%
MRK	Merck & Co., Inc. Healthcare	Reduced	243,482	-6,785	$19,977,697	+4.2%	1.36%
CMCSA	Comcast Corp Communication Services	Added	428,683	+28,066	$18,810,609	−0.5%	1.28%
UPS	United Parcel Service Inc Industrials	Added	85,038	+2,157	$18,237,249	+2.7%	1.24%
SCHW	Schwab Charles Corp Financial Services	Added	212,218	+4,518	$17,892,099	+2.4%	1.22%
INTC	Intel Corp Technology	Reduced	345,225	-189,399	$17,109,350	−37.9%	1.17%
META	Meta Platforms, Inc. Communication Services	Added	76,464	+245	$17,002,535	−33.7%	1.16%
LMT	Lockheed Martin Corp Industrials	Added	37,351	+2,408	$16,486,730	+32.8%	1.13%
PRU	Prudential Financial Inc Financial Services	Added	134,724	+2,662	$15,920,334	+11.4%	1.09%
MAS	Masco Corp /De/ Industrials	Added	296,990	+3,007	$15,146,490	−26.6%	1.03%
ELV	Elevance Health, Inc. Healthcare	Reduced	30,435	-99	$14,950,280	+5.6%	1.02%
VZ	Verizon Communications Inc Communication Services	Added	281,332	+6,113	$14,331,051	+0.2%	0.98%
BSX	Boston Scientific Corp Healthcare	Added	306,666	+24,004	$13,582,237	+13.1%	0.93%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	85,192	-252	$13,017,337	−6.9%	0.89%
JBL	Jabil Inc Technology	Added	210,238	+13,636	$12,977,990	−6.2%	0.89%
PFE	Pfizer Inc Healthcare	Reduced	234,207	-8,516	$12,124,895	−15.4%	0.83%
XOM	Exxon Mobil Corp Energy	Reduced	144,304	-2,306	$11,918,067	+32.9%	0.81%
D	Dominion Energy, Inc Utilities	Added	137,554	+859	$11,687,963	+8.8%	0.80%
AMGN	Amgen Inc Healthcare	Reduced	48,240	-1,812	$11,665,396	+3.6%	0.80%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	32,803	-389	$11,576,506	+16.6%	0.79%
TFC	Truist Financial Corp Financial Services	Reduced	198,933	-968	$11,279,501	−3.6%	0.77%
KMB	Kimberly Clark Corp Consumer Defensive	Reduced	90,849	-4,236	$11,188,962	−17.7%	0.76%
WMT	Walmart Inc. Consumer Defensive	Added	200,493	+2,115	$9,952,471	+4.0%	0.68%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	161,819	+18,130	$9,802,994	−10.1%	0.67%
SPGI	S&P Global Inc. Financial Services	Added	22,388	+21,187	$9,183,109	+1520.2%	0.63%
FISV	Fiserv Inc	Added	90,209	+7,688	$9,147,192	+6.8%	0.62%
CNI	Canadian National Railway Co Industrials	Reduced	67,613	-571	$9,069,607	+8.3%	0.62%
MCK	Mckesson Corp Healthcare	Reduced	28,621	-34,731	$8,761,746	−44.4%	0.60%
KO	Coca Cola Co Consumer Defensive	Reduced	135,906	-2,442	$8,426,172	+2.9%	0.58%
CI	Cigna Group Healthcare	Reduced	35,162	-198	$8,425,166	+3.8%	0.58%
ORCL	Oracle Corp Technology	Reduced	100,218	-777	$8,291,034	−5.9%	0.57%
AMD	Advanced Micro Devices Inc Technology	NEW	75,712	NEW	$8,278,350	NEW	0.56%
ADP	Automatic Data Processing Inc Technology	Reduced	34,380	-168	$7,822,825	−8.2%	0.53%