Granite Investment Advisors, LLC

CIK

1464586

Location

CONCORD, NH

Portfolio Value

Small $448,513,118

Diversification

Diversified

Filing Date

Global Rank

#2,143 / 5,929 ▼ 36 · as of Sep 2021

Top Industry

Software - Infrastructure 9.9%

3Y Alpha vs SPY

-5.2%

Period ended 4 years ago

Filed Nov 8, 2021 · 4y

7 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 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

+75.5%

Annualised alpha

-5.3%

Max drawdown

−17.4%

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

120 positions · as of Sep 30, 2021 · Δ vs Jun 30, 2021

Top Position

8.3%

+0.2 pts

Top 5

25.1%

+0.8 pts

Top 10

36.6%

+0.6 pts

HHI

235

Diversified+3

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2021

Sector	% Portfolio	Value	Positions
Technology	23.4%	$105,172,492	16
Financial Services	17.3%	$77,641,527	15
Healthcare	16.5%	$73,875,202	23
Industrials	12.8%	$57,343,227	22
Consumer Cyclical	8.9%	$39,765,317	14
Communication Services	6.9%	$30,886,072	9
Consumer Defensive	5.6%	$25,309,561	6
Energy	2.7%	$12,211,027	6
Basic Materials	2.6%	$11,744,810	2
Real Estate	1.4%	$6,354,218	3
Utilities	1.1%	$5,070,937	2
Unclassified	0.7%	$3,138,728	2

Last Quarter's Activity

Export CSV

Sep 30, 2021 vs Jun 30, 2021

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
PFE	Pfizer Inc	+75,669	84,419	$3,630,861
KMI	Kinder Morgan, Inc.	+58,750	266,380	$4,456,537
NVDA	Nvidia Corp	+17,428	23,313	$482,952
GNRC	Generac Holdings Inc.	+4,742	5,752	$2,350,669
PSA	Public Storage	+4,421	12,967	$3,852,495
DE	Deere & Co	+2,782	12,822	$4,296,267
CMCSA	Comcast Corp	+2,557	163,066	$8,547,593
TU	Telus Corp	+706	65,410	$1,436,403
SPY	Spdr S&P 500 ETF Trust	+299	5,132	$2,202,346
ALGN	Align Technology Inc	+135	947	$630,162
BA	Boeing Co	+105	1,761	$387,314
COR	Cencora, Inc.	+4	9,803	$1,170,968
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NEM	NEWMONT Corp /DE/	−46,802	108,228	$5,876,780
BAC	Bank Of America Corp /De/	−34,853	86,088	$3,654,435
AAPL	Apple Inc.	−9,203	261,869	$37,054,463
BX	Blackstone Inc.	−8,319	34,255	$3,985,226
ORCL	Oracle Corp	−8,232	226,498	$19,734,770
T	At&T Inc.	−7,610	223,218	$4,553,714
TAP	Molson Coors Beverage Co	−6,284	118,013	$5,473,442
SLB	Slb Limited/Nv	−4,631	131,909	$3,909,782
ABT	Abbott Laboratories	−4,192	88,314	$10,432,532
GM	General Motors Co	−4,037	160,403	$8,454,842
WFC	Wells Fargo & Company/Mn	−3,710	147,260	$6,834,336
MSFT	Microsoft Corp	−3,607	86,142	$24,285,152
MS	Morgan Stanley	−3,506	161,119	$15,678,489
WMT	Walmart Inc.	−2,849	43,272	$2,010,417
LFMD	LifeMD, Inc.	−2,610	24,645	$153,045
STT	State Street Corp	−2,412	76,350	$6,468,372
TJX	Tjx Companies Inc /De/	−2,204	96,614	$6,374,591
PGR	Progressive Corp/Oh/	−2,137	72,652	$6,567,014
BMY	Bristol Myers Squibb Co	−2,106	109,557	$6,482,487
MRK	Merck & Co., Inc.	−1,869	68,674	$5,158,104
HSIC	Henry Schein Inc	−1,848	55,067	$4,193,902
NEE	Nextera Energy Inc	−1,650	59,454	$4,668,328
KO	Coca Cola Co	−1,540	70,721	$3,710,730
DIS	Walt Disney Co	−1,529	54,680	$9,250,215
JNJ	Johnson & Johnson	−1,461	70,726	$11,422,249
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
WST	West Pharmaceutical Services Inc	6,348	$2,694,979
GE	General Electric Co	38,939	$2,499,471
MRNA	Moderna, Inc.	1,021	$392,942
CRM	Salesforce, Inc.	906	$245,725
CRWD	CrowdStrike Holdings, Inc.	824	$50,630
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
MA	Mastercard Inc	7,209	$2,631,933
MDY	Spdr S&P Midcap 400 ETF Trust	2,542	$1,248,147
SAM	Boston Beer Co Inc	297	$303,177
CHE	Chemed Corp	635	$301,307
CAT	Caterpillar Inc	1,130	$245,921
ETN	Eaton Corp plc	1,635	$242,274
TTWO	Take Two Interactive Software Inc	1,303	$230,657
BABA	Alibaba Group Holding Ltd	995	$225,646
EL	Estee Lauder Companies Inc	650	$206,752
UNTC	UNIT CORP	36,498	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

120 positions · $448,513,118 total · as of Sep 30, 2021

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

Showing 1–50 of 120 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	261,869	-9,203	$37,054,463	−0.2%	8.26%
MSFT	Microsoft Corp Technology	Reduced	86,142	-3,607	$24,285,152	−0.1%	5.41%
ORCL	Oracle Corp Technology	Reduced	226,498	-8,232	$19,734,770	+8.0%	4.40%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	58,091	-1,091	$15,855,357	−3.6%	3.54%
MS	Morgan Stanley Financial Services	Reduced	161,119	-3,506	$15,678,489	+3.9%	3.50%
JNJ	Johnson & Johnson Healthcare	Reduced	70,726	-1,461	$11,422,249	−4.0%	2.55%
UNH	Unitedhealth Group Inc Healthcare	Reduced	28,110	-780	$10,983,701	−5.1%	2.45%
ABT	Abbott Laboratories Healthcare	Reduced	88,314	-4,192	$10,432,532	−2.7%	2.33%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	67,320	-1,215	$9,411,336	+1.8%	2.10%
DIS	Walt Disney Co Communication Services	Reduced	54,680	-1,529	$9,250,215	−6.4%	2.06%
CMCSA	Comcast Corp Communication Services	Added	163,066	+2,557	$8,547,593	−0.3%	1.91%
GM	General Motors Co Consumer Cyclical	Reduced	160,403	-4,037	$8,454,842	−13.1%	1.89%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	39,440	-744	$8,000,798	+2.6%	1.78%
ACN	Accenture plc Technology	Reduced	23,138	-302	$7,402,308	+7.1%	1.65%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	147,260	-3,710	$6,834,336	−0.0%	1.52%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	41,517	-495	$6,795,917	+4.0%	1.52%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	72,652	-2,137	$6,567,014	−10.6%	1.46%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	109,557	-2,106	$6,482,487	−13.1%	1.45%
COF	Capital One Financial Corp Financial Services	Reduced	40,014	-1,445	$6,481,067	+1.1%	1.45%
STT	State Street Corp Financial Services	Reduced	76,350	-2,412	$6,468,372	−0.2%	1.44%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	96,614	-2,204	$6,374,591	−4.3%	1.42%
DOV	DOVER Corp Industrials	Reduced	40,594	-515	$6,312,367	+2.0%	1.41%
HON	Honeywell International Inc Industrials	Reduced	28,330	-1,426	$5,944,557	−7.9%	1.33%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	108,228	-46,802	$5,876,780	−40.2%	1.31%
CE	Celanese Corp Basic Materials	Reduced	38,954	-827	$5,868,030	−2.7%	1.31%
GWW	W.W. Grainger, Inc. Industrials	Reduced	14,190	-48	$5,577,521	−10.6%	1.24%
MMM	3M Co Industrials	Reduced	37,735	-797	$5,534,675	−13.5%	1.23%
TAP	Molson Coors Beverage Co Consumer Defensive	Reduced	118,013	-6,284	$5,473,442	−18.0%	1.22%
PWR	Quanta Services, Inc. Industrials	Reduced	46,685	-187	$5,313,686	+25.2%	1.18%
MRK	Merck & Co., Inc. Healthcare	Reduced	68,674	-1,869	$5,158,104	−6.0%	1.15%
FDX	Fedex Corp Industrials	Reduced	28,594	-1,435	$5,052,682	−30.0%	1.13%
MCK	Mckesson Corp Healthcare	Reduced	25,172	-1,079	$5,018,793	−0.0%	1.12%
UPS	United Parcel Service Inc Industrials	Reduced	26,924	-110	$4,902,860	−12.8%	1.09%
NEE	Nextera Energy Inc Utilities	Reduced	59,454	-1,650	$4,668,328	+4.3%	1.04%
T	At&T Inc. Communication Services	Reduced	223,218	-7,610	$4,553,714	−9.2%	1.02%
KMI	Kinder Morgan, Inc. Energy	Added	266,380	+58,750	$4,456,537	+17.7%	0.99%
DEO	Diageo PLC Consumer Defensive	Reduced	23,079	-1,123	$4,454,247	−4.0%	0.99%
AMAT	Applied Materials Inc /De Technology	Reduced	33,422	-928	$4,302,414	−12.0%	0.96%
DE	Deere & Co Industrials	Added	12,822	+2,782	$4,296,267	+21.3%	0.96%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	7,456	-167	$4,259,836	+10.8%	0.95%
HSIC	Henry Schein Inc Healthcare	Reduced	55,067	-1,848	$4,193,902	−0.7%	0.94%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	12,444	-235	$4,084,867	+1.0%	0.91%
ADBE	Adobe Inc. Technology	Reduced	7,011	-143	$4,036,372	−3.7%	0.90%
BX	Blackstone Inc. Financial Services	Reduced	34,255	-8,319	$3,985,226	−3.6%	0.89%
SLB	Slb Limited/Nv Energy	Reduced	131,909	-4,631	$3,909,782	−10.5%	0.87%
PSA	Public Storage Real Estate	Added	12,967	+4,421	$3,852,495	+49.9%	0.86%
KO	Coca Cola Co Consumer Defensive	Reduced	70,721	-1,540	$3,710,730	−5.1%	0.83%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	86,088	-34,853	$3,654,435	−26.7%	0.81%
PFE	Pfizer Inc Healthcare	Added	84,419	+75,669	$3,630,861	+959.6%	0.81%
QCOM	Qualcomm Inc/De Technology	Reduced	28,131	-670	$3,628,336	−11.9%	0.81%