PALLADIUM PARTNERS LLC

CIK

1436871

Location

NORFOLK, VA

Portfolio Value

Micro $31,650,553

Diversification

Diversified

Filing Date

Global Rank

#1,090 / 6,761 ▼ 6

Top Industry

Consumer Electronics 11.4%

3Y Alpha vs SPY

-6.1%

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

+52.8%

SPY

+78.1%

Annualised alpha

-6.1%

Max drawdown

−16.2%

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

11 positions · $31,650,553 total · Basic Materials only · as of Mar 31, 2022

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
EMN	Eastman Chemical Co Basic Materials	Added	193,200	+3,914	$21,649,991	−5.4%	68.40%
RS	Reliance, Inc. Basic Materials	Held	17,000	0	$3,116,950	+13.0%	9.85%
BHP	BHP Group Ltd Basic Materials	Held	33,000	0	$2,274,086	+28.0%	7.18%
DOW	Dow Inc. Basic Materials	Reduced	18,194	-1,274	$1,159,321	+5.0%	3.66%
PPG	Ppg Industries Inc Basic Materials	Added	8,773	+210	$1,149,877	−22.1%	3.63%
ECL	Ecolab Inc. Basic Materials	Added	3,135	+151	$553,515	−20.9%	1.75%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	2,047	-12	$511,565	−18.3%	1.62%
DD	DuPont de Nemours, Inc. Basic Materials	Added	13,271	+2,541	$408,568	+12.7%	1.29%
CTVA	Corteva, Inc. Basic Materials	Reduced	6,451	-1,416	$370,803	−0.3%	1.17%
NUE	Nucor Corp Basic Materials	Reduced	1,700	-81	$252,705	+24.3%	0.80%
LYB	LyondellBasell Industries N.V. Basic Materials	NEW	1,976	NEW	$203,172	NEW	0.64%