Stillwater Investment Management, LLC

CIK

1478775

Location

Stillwater, MN

Portfolio Value

Micro $16,661,203

Diversification

Diversified

Filing Date

Global Rank

#3,595 / 6,871 ▼ 2

Top Industry

Consumer Electronics 14.1%

3Y Alpha vs SPY

-0.3%

Period ended 3 years ago

Filed Apr 5, 2023 · 3y

13 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

+74.9%

SPY

+76.3%

Annualised alpha

-0.3%

Max drawdown

−18.5%

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

60 positions · as of Mar 31, 2023 · Δ vs Dec 31, 2022

Top Position

13.9%

+2.2 pts

Top 5

30.9%

+2.6 pts

Top 10

46.9%

+2.1 pts

HHI

410

Diversified+50

Portfolio Trend

13 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2023

Sector	% Portfolio	Value	Positions
Technology	20.4%	$31,817,472	9
Financial Services	17.8%	$27,630,008	10
Consumer Cyclical	14.0%	$21,727,845	6
Healthcare	11.2%	$17,473,410	10
Consumer Defensive	10.7%	$16,661,203	6
Communication Services	9.9%	$15,386,874	5
Industrials	9.3%	$14,513,611	6
Energy	4.6%	$7,159,872	5
Unclassified	1.3%	$2,069,539	2
Utilities	0.8%	$1,202,252	1

Last Quarter's Activity

Export CSV

Mar 31, 2023 vs Dec 31, 2022

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PFE	Pfizer Inc	+1,240	76,391	$3,116,752
VZ	Verizon Communications Inc	+831	54,051	$2,102,043
BAC	Bank Of America Corp /De/	+672	95,982	$2,745,085
GILD	Gilead Sciences, Inc.	+464	39,201	$3,252,506
INTC	Intel Corp	+365	52,823	$1,725,727
CMCSA	Comcast Corp	+339	62,292	$2,213,203
CSCO	Cisco Systems, Inc.	+214	73,720	$3,854,081
JPM	Jpmorgan Chase & Co	+154	38,556	$5,024,232
XEL	Xcel Energy Inc	+127	17,827	$1,202,252
KMB	Kimberly Clark Corp	+111	15,973	$2,143,896
XOM	Exxon Mobil Corp	+109	14,110	$1,547,302
AMGN	Amgen Inc	+107	15,892	$3,841,891
CAT	Caterpillar Inc	+83	17,261	$3,950,007
GS	Goldman Sachs Group Inc	+64	10,591	$3,464,422
CMI	Cummins Inc	+60	9,812	$2,343,890
COP	Conocophillips	+57	12,196	$1,209,965
USB	US Bancorp De	+54	31,379	$1,131,212
JNJ	Johnson & Johnson	+41	28,473	$4,413,315
MRK	Merck & Co., Inc.	+36	5,562	$591,741
CVX	Chevron Corp	+30	3,188	$520,154
ORCL	Oracle Corp	+27	7,576	$703,961
HD	Home Depot, Inc.	+24	3,352	$989,242
MPC	Marathon Petroleum Corp	+21	21,349	$2,878,485
PG	PROCTER & GAMBLE Co	+21	20,269	$3,013,797
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+19	4,811	$447,519
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	−1,969	131,141	$21,625,150
C	Citigroup Inc	−1,921	24,284	$1,138,676
MMM	3M Co	−1,009	18,763	$1,648,978
PEP	Pepsico Inc	−512	14,956	$2,726,478
AMZN	Amazon Com Inc	−460	63,665	$6,575,957
V	Visa Inc.	−299	36,627	$8,257,923
DIS	Walt Disney Co	−258	17,217	$1,723,938
MSFT	Microsoft Corp	−179	9,842	$2,837,448
CME	Cme Group Inc.	−134	1,664	$318,689
SBUX	Starbucks Corp	−134	40,526	$4,219,972
META	Meta Platforms, Inc.	−129	24,534	$5,199,735
BAX	Baxter International Inc	−71	15,347	$622,474
PSX	Phillips 66	−69	9,903	$1,003,966
MCD	Mcdonalds Corp	−65	18,899	$5,284,349
BA	Boeing Co	−64	2,096	$445,253
BRK-B	Berkshire Hathaway Inc	−57	15,992	$4,937,849
DE	Deere & Co	−56	13,730	$5,668,842
NKE	NIKE, Inc.	−32	36,332	$4,455,756
COST	Costco Wholesale Corp /New	−31	12,076	$6,000,202
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
QQQ	Invesco Qqq Trust, Series 1	698	$224,009
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
TFC	Truist Financial Corp	4,728	$203,445
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

6 positions · $16,661,203 total · Consumer Defensive only · as of Mar 31, 2023

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	12,076	-31	$6,000,202	+8.6%	36.01%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	20,269	+21	$3,013,797	−1.8%	18.09%
PEP	Pepsico Inc Consumer Defensive	Reduced	14,956	-512	$2,726,478	−2.4%	16.36%
KMB	Kimberly Clark Corp Consumer Defensive	Added	15,973	+111	$2,143,896	−0.4%	12.87%
KO	Coca Cola Co Consumer Defensive	Held	29,192	0	$1,810,779	−2.5%	10.87%
DEO	Diageo PLC Consumer Defensive	Held	5,332	0	$966,051	+1.7%	5.80%