Sawtooth Solutions, LLC

CIK

1486066

Location

MINNEAPOLIS, MN

Portfolio Value

Mid $1,937,747,417

Diversification

Diversified

Filing Date

Global Rank

#959 / 7,317 —

Top Industry

Asset Management 11.5%

3Y Alpha vs SPY

-1.0%

Period ended 2 years ago

Filed Jan 29, 2024 · 2y

16 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

+71.8%

SPY

+76.3%

Annualised alpha

-1.0%

Max drawdown

−14.4%

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

746 positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023

Top Position

6.4%

+0.0 pts

Top 5

24.7%

+0.0 pts

Top 10

33.6%

+0.4 pts

HHI

169

Diversified−1

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Technology	19.3%	$373,893,068	108
Financial Services	18.6%	$360,574,906	113
Healthcare	17.3%	$334,897,369	89
Unclassified	10.0%	$193,896,437	9
Consumer Cyclical	8.4%	$161,803,036	80
Industrials	6.9%	$133,836,091	115
Communication Services	4.8%	$93,754,253	33
Consumer Defensive	4.7%	$91,306,332	41
Energy	4.3%	$83,210,075	49
Basic Materials	2.4%	$47,412,054	37
Utilities	1.8%	$35,800,251	35
Real Estate	1.4%	$27,363,545	37

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SLV	iShares Silver Trust	+383,336	1,845,900	$40,203,702
IAUX	i-80 Gold Corp.	+150,141	182,321	$320,884
PSLV	Sprott Physical Silver Trust	+43,491	310,481	$2,508,686
TAK	Takeda Pharmaceutical Co Ltd	+27,947	241,462	$3,445,662
CSX	Csx Corp	+21,384	90,050	$3,122,033
SNY	Sanofi	+20,662	96,102	$4,779,152
AAPL	Apple Inc.	+19,169	640,436	$123,303,143
UGI	Ugi Corp /Pa/	+17,560	102,102	$2,511,709
EL	Estee Lauder Companies Inc	+17,353	20,183	$2,951,763
MDU	Mdu Resources Group Inc	+16,590	154,678	$1,696,740
AES	Aes Corp	+16,330	184,346	$3,548,660
HPE	Hewlett Packard Enterprise Co	+15,683	37,292	$633,218
CARR	CARRIER GLOBAL Corp	+15,205	44,809	$2,574,277
VZ	Verizon Communications Inc	+15,119	113,829	$4,291,353
MSGE	Madison Square Garden Entertainment Corp.	+14,734	76,235	$2,423,510
NFG	National Fuel Gas Co	+14,603	54,674	$2,742,994
KVUE	Kenvue Inc.	+14,544	158,168	$3,405,357
MNTK	Montauk Renewables, Inc.	+14,094	24,971	$222,491
WBD	Warner Bros. Discovery, Inc.	+12,849	102,339	$1,164,617
ICLR	Icon PLC	+11,802	19,408	$5,493,822
ALKS	Alkermes plc.	+11,609	24,669	$684,318
CTRA	Coterra Energy Inc.	+10,836	28,944	$738,650
MRVI	Maravai Lifesciences Holdings, Inc.	+10,796	23,760	$155,628
CHD	Church & Dwight Co Inc /De/	+10,762	26,257	$2,482,861
HLN	Haleon plc	+10,247	22,733	$187,092
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NOK	Nokia Corp	−302,395	33,847	$115,756
CEF	Sprott Physical Gold & Silver Trust	−234,718	6,018,612	$115,256,419
PHYS	Sprott Physical Gold Trust	−98,401	3,943,738	$62,823,746
T	At&T Inc.	−76,536	239,312	$4,015,655
VALE	Vale S.A.	−35,679	79,551	$1,261,678
UGP	Ultrapar Holdings Inc	−33,715	11,782	$63,858
SMFG	Sumitomo Mitsui Financial Group, Inc.	−26,963	468,009	$4,530,327
MXL	Maxlinear, Inc	−26,260	16,475	$391,610
SOUN	Soundhound Ai, Inc.	−25,327	10,094	$21,399
PFE	Pfizer Inc	−24,889	131,691	$3,791,383
KTOS	Kratos Defense & Security Solutions, Inc.	−21,342	124,348	$2,523,020
BTI	British American Tobacco p.l.c.	−18,248	43,517	$1,274,612
F	Ford Motor Co	−18,040	81,415	$992,448
OKTA	Okta, Inc.	−17,610	15,257	$1,381,216
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−17,041	37,930	$3,944,720
DHR	Danaher Corp /De/	−13,689	32,883	$7,607,153
PGEN	Precigen, Inc.	−10,731	34,245	$45,888
SCHW	Schwab Charles Corp	−10,001	35,042	$2,410,889
CRWD	CrowdStrike Holdings, Inc.	−9,754	6,665	$1,701,707
BAC	Bank Of America Corp /De/	−9,652	138,501	$4,663,328
IQV	Iqvia Holdings Inc.	−8,830	48,577	$11,239,746
DXCM	Dexcom Inc	−8,507	6,758	$838,600
CRM	Salesforce, Inc.	−8,018	22,052	$5,802,763
RMBS	Rambus Inc	−7,910	10,768	$734,916
MDT	Medtronic plc	−7,801	58,533	$4,821,948
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BG	Bunge Global SA	34,977	$3,530,928
VFC	V F Corp	38,331	$720,622
QS	QuantumScape Corp	103,449	$718,970
BJ	BJ's Wholesale Club Holdings, Inc.	10,782	$718,728
PDD	PDD Holdings Inc.	4,686	$685,608
BXSL	Blackstone Secured Lending Fund	22,822	$630,800
HTGC	Hercules Capital, Inc.	36,792	$613,322
BN	BROOKFIELD Corp /ON/	21,536	$576,016
CPT	Camden Property Trust	5,613	$557,314
ZWS	Zurn Elkay Water Solutions Corp	18,544	$545,379
KAI	Kadant Inc	1,885	$528,384
CHDN	Churchill Downs Inc	3,328	$449,047
BBY	Best Buy Co Inc	5,705	$446,587
KTB	Kontoor Brands, Inc.	7,010	$437,564
SWK	Stanley Black & Decker, Inc.	4,353	$427,029
VLTO	Veralto Corp	5,187	$426,682
BAP	Credicorp Ltd	2,797	$419,354
AMR	Alpha Metallurgical Resources, Inc.	1,204	$408,059
HEI	Heico Corp	2,145	$383,676
HRB	H&R Block Inc	7,089	$342,894
VC	Visteon Corp	2,586	$322,991
ITT	Itt Inc.	2,672	$318,823
BURL	Burlington Stores, Inc.	1,624	$315,835
LRN	Stride, Inc.	5,284	$313,711
PRVA	Privia Health Group, Inc.	13,246	$305,055
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
RGLD	Royal Gold Inc	9,462	$1,006,094
CUZ	Cousins Properties Inc	22,372	$455,717
CAKE	Cheesecake Factory Inc	13,081	$396,354
CVLT	Commvault Systems Inc	5,642	$381,455
PBH	Prestige Consumer Healthcare Inc.	6,645	$380,027
TSN	Tyson Foods, Inc.	6,199	$312,987
YUMC	Yum China Holdings, Inc.	5,389	$300,275
ALB	Albemarle Corp	1,488	$253,019
BIO	Bio-Rad Laboratories, Inc.	676	$242,312
ZM	Zoom Communications, Inc.	3,237	$226,395
BAX	Baxter International Inc	5,991	$226,100
BALL	BALL Corp	4,496	$223,810
OGN	Organon & Co.	12,304	$213,597
NZF	Nuveen Municipal Credit Income Fund	20,439	$213,178
NMFC	New Mountain Finance Corp	15,879	$205,633
EXAS	EXACT SCIENCES CORP	3,010	$205,342
UDR	UDR, Inc.	5,650	$201,535
AVD	American Vanguard Corp	16,651	$181,995
PTGX	Protagonist Therapeutics, Inc	10,411	$173,655
CARE	Carter Bankshares, Inc.	10,155	$127,242
CLVT	Clarivate PLC	16,038	$107,614
HCAT	Health Catalyst, Inc.	10,396	$105,207
AUR	Aurora Innovation, Inc.	14,198	$33,365
SEER	Seer, Inc.	10,051	$22,212
XERS	Xeris Biopharma Holdings, Inc.	11,048	$20,549
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

746 positions · $1,937,747,417 total · as of Dec 31, 2023

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

Showing 1–50 of 746 positions by value · page 1 of 15

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Added	640,436	+19,169	$123,303,143	+15.9%	6.36%
CEF	Sprott Physical Gold & Silver Trust Financial Services	Reduced	6,018,612	-234,718	$115,256,419	+6.4%	5.95%
MSFT	Microsoft Corp Technology	Added	235,432	+6,801	$88,531,849	+22.6%	4.57%
SPY	Spdr S&P 500 ETF Trust	Added	184,768	+4,838	$87,822,078	+14.2%	4.53%
PHYS	Sprott Physical Gold Trust Financial Services	Reduced	3,943,738	-98,401	$62,823,746	+8.5%	3.24%
AMZN	Amazon Com Inc Consumer Cyclical	Added	284,657	+5,002	$43,250,784	+21.7%	2.23%
SLV	iShares Silver Trust	Added	1,845,900	+383,336	$40,203,702	+35.1%	2.07%
QQQ	Invesco Qqq Trust, Series 1	Added	92,016	+3,166	$37,682,392	+18.4%	1.94%
LLY	ELI LILLY & Co Healthcare	Added	48,079	+108	$28,026,210	+8.8%	1.45%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	70,329	+124	$25,083,541	+2.0%	1.29%
UNH	Unitedhealth Group Inc Healthcare	Reduced	45,837	-2,065	$24,131,805	−0.1%	1.25%
META	Meta Platforms, Inc. Communication Services	Added	62,703	+1,485	$22,194,353	+20.8%	1.15%
GLD	Spdr Gold Trust	Added	114,878	+286	$21,961,227	+11.8%	1.13%
TSLA	Tesla, Inc. Consumer Cyclical	Added	84,774	+906	$21,064,643	+0.4%	1.09%
GOOGL	Alphabet Inc. Communication Services	Added	147,528	+1,804	$20,608,186	+8.1%	1.06%
JNJ	Johnson & Johnson Healthcare	Reduced	118,301	-93	$18,542,498	+0.6%	0.96%
ABBV	AbbVie Inc. Healthcare	Reduced	111,328	-604	$17,252,500	+3.4%	0.89%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	31,547	-544	$16,744,832	+3.1%	0.86%
JPM	Jpmorgan Chase & Co Financial Services	Added	96,146	+2,537	$16,354,434	+20.5%	0.84%
BSX	Boston Scientific Corp Healthcare	Added	271,382	+3,010	$15,688,593	+10.7%	0.81%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	40,835	-2,051	$14,151,369	+9.2%	0.73%
MCK	Mckesson Corp Healthcare	Added	29,508	+147	$13,661,613	+7.0%	0.71%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	90,982	-2,177	$13,332,502	−1.9%	0.69%
V	Visa Inc. Financial Services	Added	50,384	+3,268	$13,117,474	+21.0%	0.68%
NVO	Novo Nordisk A S Healthcare	Added	126,153	+2,760	$13,050,527	+16.3%	0.67%
EMBJ	Embraer S.A. Industrials	Held	681,600	0	$12,575,520	+34.5%	0.65%
SYK	Stryker Corp Healthcare	Reduced	41,441	-5,073	$12,409,921	−2.4%	0.64%
XOM	Exxon Mobil Corp Energy	Reduced	122,932	-6,767	$12,290,741	−19.4%	0.63%
IQV	Iqvia Holdings Inc. Healthcare	Reduced	48,577	-8,830	$11,239,746	−0.5%	0.58%
COR	Cencora, Inc. Healthcare	Added	52,919	+257	$10,868,504	+14.7%	0.56%
ZTS	Zoetis Inc. Healthcare	Added	54,820	+3,981	$10,819,823	+22.3%	0.56%
MA	Mastercard Inc Financial Services	Reduced	22,990	-2,944	$9,805,464	−4.5%	0.51%
DIS	Walt Disney Co Communication Services	Added	107,659	+6,371	$9,720,531	+18.4%	0.50%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	22,783	+4,331	$9,270,174	+44.5%	0.48%
HCA	HCA Healthcare, Inc. Healthcare	Added	33,537	+284	$9,077,795	+11.0%	0.47%
MRK	Merck & Co., Inc. Healthcare	Reduced	80,446	-2,803	$8,770,222	+2.3%	0.45%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Added	9,418	+857	$8,271,735	+17.4%	0.43%
HUM	Humana Inc Healthcare	Reduced	17,522	-4,409	$8,021,746	−24.8%	0.41%
CVX	Chevron Corp Energy	Reduced	53,150	-772	$7,927,854	−12.8%	0.41%
FNF	Fidelity National Financial, Inc. Financial Services	Reduced	159,302	-5,206	$7,837,594	+19.6%	0.40%
CSCO	Cisco Systems, Inc. Technology	Added	154,985	+4,484	$7,829,842	−3.2%	0.40%
DHR	Danaher Corp /De/ Healthcare	Reduced	32,883	-13,689	$7,607,153	−25.7%	0.39%
KO	Coca Cola Co Consumer Defensive	Reduced	128,619	-5,899	$7,579,517	+0.7%	0.39%
PEP	Pepsico Inc Consumer Defensive	Reduced	43,188	-2,663	$7,335,049	−5.6%	0.38%
MCD	Mcdonalds Corp Consumer Cyclical	Added	24,207	+493	$7,177,617	+14.9%	0.37%
PM	Philip Morris International Inc. Consumer Defensive	Added	73,413	+704	$6,906,695	+2.6%	0.36%
THC	Tenet Healthcare Corp Healthcare	Added	91,159	+5,198	$6,888,885	+21.6%	0.36%
FIS	Fidelity National Information Services, Inc. Technology	Reduced	111,345	-2,194	$6,688,494	+6.6%	0.35%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	9,959	-126	$6,573,736	+15.4%	0.34%
WMB	Williams Companies, Inc. Energy	Reduced	188,649	-5,850	$6,570,644	+0.3%	0.34%