Hotaling Investment Management, LLC

CIK

1761645

Location

WAYNE, PA

Portfolio Value

Small $211,198,213

Diversification

Diversified

Filing Date

Global Rank

#4,175 / 7,091 ▼ 89 · as of Dec 2022

Top Industry

Drug Manufacturers - General 11.2%

Period ended 3 years ago

Filed Feb 14, 2023 · 3y

12 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2022, never from the firm's own description.

Style

Diversified active

Top 10 weight 36.6%, 42.7 effective positions, active share 56.0% against the S&P 500 as of 2022-12-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

25.6% over the last four quarters (under 30%)

Horizon

Horizon unknown

The value-weighted holding period is at least 10.6 quarters, but 73.8% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2022-12-31, active share 56.0%; sector active share 17.0% against the combined 13F book's sector weights.

Over time 12 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

119 tracked positions · as of Dec 31, 2022 · Δ vs Sep 30, 2022

Top Position

7.8%

−1.5 pts

Top 5

24.4%

−2.5 pts

Top 10

36.6%

−1.8 pts

HHI

234

Diversified−24

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2022

Sector	% Portfolio	Value	Positions
Technology	20.3%	$42,886,233	14
Healthcare	18.0%	$38,038,477	19
Industrials	12.7%	$26,878,000	17
Financial Services	12.5%	$26,403,303	14
Consumer Cyclical	9.6%	$20,174,429	10
Consumer Defensive	6.8%	$14,341,998	9
Real Estate	6.2%	$12,995,171	9
Utilities	5.0%	$10,579,971	6
Communication Services	4.7%	$9,894,650	5
Unclassified	2.3%	$4,875,696	11
Energy	1.1%	$2,421,314	3
Basic Materials	0.8%	$1,708,971	2

Last Quarter's Activity

Export CSV

Dec 31, 2022 vs Sep 30, 2022

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BMY	Bristol Myers Squibb Co	+26,399	45,763	$3,292,647
JPM	Jpmorgan Chase & Co	+12,463	19,887	$2,666,846
GOOGL	Alphabet Inc.	+9,071	87,752	$7,742,358
DTE	Dte Energy Co	+3,517	14,049	$1,651,178
AVGO	Broadcom Inc.	+1,872	2,825	$1,579,542
HBAN	Huntington Bancshares Inc	+1,462	83,510	$1,177,491
NEE	Nextera Energy Inc	+1,024	65,710	$5,493,356
FR	First Industrial Realty Trust Inc	+456	35,357	$1,706,328
XEL	Xcel Energy Inc	+338	19,685	$1,380,115
—		+250	23,408	$1,751
MAR	Marriott International Inc	+244	25,910	$3,857,739
PNC	Pnc Financial Services Group, Inc.	+223	22,298	$3,521,746
AXP	American Express Co	+122	15,538	$2,295,739
UNH	Unitedhealth Group Inc	+105	11,915	$6,317,094
ARE	Alexandria Real Estate Equities, Inc.	+94	8,860	$1,290,636
MSFT	Microsoft Corp	+93	55,916	$13,409,775
PFE	Pfizer Inc	+75	71,697	$3,673,754
MRK	Merck & Co., Inc.	+75	23,792	$2,639,722
ABBV	AbbVie Inc.	+75	23,601	$3,814,157
AEP	American Electric Power Co Inc	+66	15,937	$1,513,218
EL	Estee Lauder Companies Inc	+62	9,634	$2,390,291
PLD	Prologis, Inc.	+56	15,209	$1,714,510
ACN	Accenture plc	+51	13,081	$3,490,534
AMT	American Tower Corp	+47	14,648	$3,103,325
TT	Trane Technologies plc	+45	22,536	$3,788,076
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
JCPB	JPMorgan Core Plus Bond ETF	−17,204	42,458	$1,950,095
AAPL	Apple Inc.	−10,603	126,570	$16,445,240
RJF	Raymond James Financial Inc	−6,787	20,256	$2,164,353
DLR	Digital Realty Trust, Inc.	−3,564	8,480	$850,289
NFLX	Netflix Inc	−3,073	4,182	$1,233,188
DGRO	iShares Core Dividend Growth ETF	−2,550	4,325	$216,250
HD	Home Depot, Inc.	−2,501	6,802	$2,148,479
VZ	Verizon Communications Inc	−1,800	9,841	$387,735
TSLA	Tesla, Inc.	−1,285	7,745	$954,029
JPST	JPMorgan Ultra-Short Income ETF	−1,058	10,251	$513,882
ALL	Allstate Corp	−487	18,152	$2,461,411
NDAQ	Nasdaq, Inc.	−354	28,395	$1,742,033
INVH	Invitation Homes Inc.	−312	46,341	$1,373,547
LNW	Light & Wonder, Inc.	−172	19,663	$1,152
ON	On Semiconductor Corp	−146	30,395	$1,895,736
IBM	International Business Machines Corp	−135	6,498	$915,503
NKE	NIKE, Inc.	−125	25,138	$2,941,397
AMZN	Amazon Com Inc	−113	69,738	$5,857,992
HON	Honeywell International Inc	−93	17,772	$3,808,539
DE	Deere & Co	−85	11,042	$4,734,367
KMB	Kimberly Clark Corp	−75	9,303	$1,262,882
MET	Metlife Inc	−74	63,585	$4,601,646
ETN	Eaton Corp plc	−70	4,361	$684,458
UCB	United Community Banks Inc	−60	6,586	$222,606
SBUX	Starbucks Corp	−60	4,667	$462,966
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
MCHP	Microchip Technology Inc	36,228	$2,545,017
A	Agilent Technologies, Inc.	10,644	$1,592,874
REGN	Regeneron Pharmaceuticals, Inc.	1,539	$1,110,373
MSCI	MSCI Inc.	1,915	$890,800
SPY	Spdr S&P 500 ETF Trust	1,048	$400,786
HALO	Halozyme Therapeutics, Inc.	4,398	$250,246
USRT	iShares Core U.S. REIT ETF	4,800	$237,360
EHC	Encompass Health Corp	3,765	$225,184
SGI	Somnigroup International Inc.	6,294	$216,073
UTHR	UNITED THERAPEUTICS Corp	766	$213,016
SIGI	Selective Insurance Group Inc	2,381	$210,980
NVS	Novartis AG	2,315	$210,016
POR	Portland General Electric Co	4,245	$208,005
MKC	Mccormick & Co Inc	2,490	$206,396
MYRG	Myr Group Inc.	2,227	$205,039
SJM	J M SMUCKER Co	1,264	$200,293
HLN	Haleon plc	17,500	$140,000
—		6,449	$206
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
ZTS	Zoetis Inc.	13,538	$2,007,550
MTB	M&T Bank Corp	10,216	$1,801,285
PANW	Palo Alto Networks Inc	10,707	$1,753,699
ADBE	Adobe Inc.	5,544	$1,525,708
ZBRA	Zebra Technologies Corp	5,234	$1,371,360
IQV	Iqvia Holdings Inc.	4,406	$798,102
AMD	Advanced Micro Devices Inc	10,732	$679,979
GOOG	Alphabet Inc.	2,200	$211,530
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

119 tracked positions · $211,198,213 total · filing declares 121 positions · $221,151 · as of Dec 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 119 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	126,570	-10,603	$16,445,240	−13.3%	12+	before history	7.79%
MSFT	Microsoft Corp Technology	Added	55,916	+93	$13,409,775	+3.1%	12+	before history	6.35%
GOOGL	Alphabet Inc. Communication Services	Added	87,752	+9,071	$7,742,358	+2.9%	12+	before history	3.67%
JNJ	Johnson & Johnson Healthcare	Reduced	43,491	-55	$7,682,685	+8.0%	12+	before history	3.64%
UNH	Unitedhealth Group Inc Healthcare	Added	11,915	+105	$6,317,094	+5.9%	12+	before history	2.99%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	69,738	-113	$5,857,992	−25.8%	12+	before history	2.77%
NEE	Nextera Energy Inc Utilities	Added	65,710	+1,024	$5,493,356	+8.3%	12+	before history	2.60%
PEP	Pepsico Inc Consumer Defensive	Reduced	27,184	-26	$4,911,061	+10.6%	12+	before history	2.33%
DE	Deere & Co Industrials	Reduced	11,042	-85	$4,734,367	+27.4%	11	$355.48	2.24%
MET	Metlife Inc Financial Services	Reduced	63,585	-74	$4,601,646	+18.9%	8	$60.59	2.18%
CMI	Cummins Inc Industrials	Reduced	18,868	-39	$4,571,527	+18.8%	12+	before history	2.16%
MAR	Marriott International Inc Consumer Cyclical	Added	25,910	+244	$3,857,739	+7.3%	11	$95.01	1.83%
V	Visa Inc. Financial Services	Reduced	18,456	-49	$3,834,418	+16.6%	12+	before history	1.82%
ABBV	AbbVie Inc. Healthcare	Added	23,601	+75	$3,814,157	+20.8%	12+	before history	1.81%
HON	Honeywell International Inc Industrials	Reduced	17,772	-93	$3,808,539	+27.7%	12+	before history	1.80%
TT	Trane Technologies plc Industrials	Added	22,536	+45	$3,788,076	+16.3%	12+	before history	1.79%
PFE	Pfizer Inc Healthcare	Added	71,697	+75	$3,673,754	+17.2%	12+	before history	1.74%
PNC	Pnc Financial Services Group, Inc. Financial Services	Added	22,298	+223	$3,521,746	+6.8%	12+	before history	1.67%
ACN	Accenture plc Technology	Added	13,081	+51	$3,490,534	+4.1%	12+	before history	1.65%
BMY	Bristol Myers Squibb Co Healthcare	Added	45,763	+26,399	$3,292,647	+139.2%	12+	before history	1.56%
AMT	American Tower Corp Real Estate	Added	14,648	+47	$3,103,325	−1.0%	12+	before history	1.47%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	25,138	-125	$2,941,397	+40.1%	12+	before history	1.39%
DHR	Danaher Corp Healthcare	Added	10,457	+4	$2,775,496	+2.8%	12+	before history	1.31%
JPM	Jpmorgan Chase & Co Financial Services	Added	19,887	+12,463	$2,666,846	+243.8%	12+	before history	1.26%
MRK	Merck & Co., Inc. Healthcare	Added	23,792	+75	$2,639,722	+29.2%	12+	before history	1.25%
MCHP	Microchip Technology Inc Technology	NEW	36,228	NEW	$2,545,017	NEW	1	$68.88	1.21%
ALL	Allstate Corp Financial Services	Reduced	18,152	-487	$2,461,411	+6.0%	12+	before history	1.17%
EL	Estee Lauder Companies Inc Consumer Defensive	Added	9,634	+62	$2,390,291	+15.7%	12+	before history	1.13%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Added	1,674	+23	$2,322,658	−6.4%	12+	before history	1.10%
AXP	American Express Co Financial Services	Added	15,538	+122	$2,295,739	+10.4%	11	$100.68	1.09%
RJF	Raymond James Financial Inc Financial Services	Reduced	20,256	-6,787	$2,164,353	−19.0%	9	unpriced	1.02%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	6,802	-2,501	$2,148,479	−16.3%	12+	before history	1.02%
JCPB	JPMorgan Core Plus Bond ETF	Reduced	42,458	-17,204	$1,950,095	−28.8%	9	unpriced	0.92%
ON	On Semiconductor Corp Technology	Reduced	30,395	-146	$1,895,736	−0.4%	5	$56.77	0.90%
VRTX	Vertex Pharmaceuticals Inc Healthcare	Added	6,195	+26	$1,788,992	+0.2%	3	$267.81	0.85%
NDAQ	Nasdaq, Inc. Financial Services	Reduced	28,395	-354	$1,742,033	+6.9%	2	unpriced	0.82%
PLD	Prologis, Inc. Real Estate	Added	15,209	+56	$1,714,510	+11.4%	12+	before history	0.81%
COST	Costco Wholesale Corp Consumer Defensive	Added	3,755	+37	$1,714,157	−2.4%	12+	before history	0.81%
FR	First Industrial Realty Trust Inc Real Estate	Added	35,357	+456	$1,706,328	+9.1%	12+	before history	0.81%
KO	Coca Cola Co Consumer Defensive	Reduced	26,789	-5	$1,704,048	+13.5%	12+	before history	0.81%
DTE	Dte Energy Co Utilities	Added	14,049	+3,517	$1,651,178	+36.3%	5	$114.57	0.78%
A	Agilent Technologies, Inc. Healthcare	NEW	10,644	NEW	$1,592,874	NEW	1	$142.77	0.75%
AVGO	Broadcom Inc. Technology	Added	2,825	+1,872	$1,579,542	+273.3%	9	$479.61	0.75%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	23,595	-11	$1,572,606	+21.5%	10	$63.38	0.74%
UNP	Union Pacific Corp Industrials	Reduced	7,587	-13	$1,571,040	+6.1%	12+	before history	0.74%
EMR	Emerson Electric Co Industrials	Reduced	15,993	-12	$1,536,287	+31.1%	12+	before history	0.73%
AEP	American Electric Power Co Inc Utilities	Added	15,937	+66	$1,513,218	+10.3%	2	$98.83	0.72%
KNX	Knight-Swift Transportation Holdings Inc. Industrials	Reduced	28,797	-56	$1,509,250	+6.9%	7	$48.11	0.71%
PWR	Quanta Services, Inc. Industrials	Reduced	10,270	-39	$1,463,475	+11.4%	4	$111.39	0.69%
CPT	Camden Property Trust Real Estate	Added	12,942	+8	$1,447,950	−6.3%	12+	before history	0.69%

Showing the top 50 of 119 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.