Hotaling Investment Management, LLC

CIK

1761645

Location

WAYNE, PA

Portfolio Value

Small $202,139,367

Diversification

Diversified

Filing Date

Global Rank

#3,092 / 6,949 ▼ 6 · as of Dec 2022

Top Industry

Drug Manufacturers - General 11.4%

3Y Alpha vs SPY

-4.5%

Period ended 3 years ago

Filed Feb 14, 2023 · 3y

12 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

+56.8%

SPY

+75.5%

Annualised alpha

-4.5%

Max drawdown

−17.3%

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

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

Top Position

8.1%

−1.8 pts

Top 5

25.5%

−3.2 pts

Top 10

38.2%

−2.7 pts

HHI

251

Diversified−36

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2022

Sector	% Portfolio	Value	Positions
Technology	20.5%	$41,464,645	14
Healthcare	19.5%	$39,472,928	19
Industrials	13.3%	$26,834,091	17
Financial Services	13.1%	$26,403,303	14
Consumer Cyclical	8.3%	$16,747,096	10
Consumer Defensive	7.1%	$14,341,998	9
Real Estate	6.4%	$12,995,171	9
Utilities	5.2%	$10,579,971	6
Communication Services	4.3%	$8,769,093	5
Energy	1.2%	$2,421,314	3
Basic Materials	0.8%	$1,708,971	2
Unclassified	0.2%	$400,786	1

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	$157,954
HBAN	Huntington Bancshares Inc /Md/	+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
HOLX	HOLOGIC INC	+250	23,408	$1,751,152
MAR	Marriott International Inc /Md/	+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 /Ma/	+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
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	$123,318
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
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
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	$3,764,630
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
SBUX	Starbucks Corp	−60	4,667	$462,966
UCB	United Community Banks Inc	−60	6,586	$222,606
KNX	Knight-Swift Transportation Holdings Inc.	−56	28,797	$1,509,250
JNJ	Johnson & Johnson	−55	43,491	$7,682,685
LLY	ELI LILLY & Co	−54	3,309	$1,210,564
V	Visa Inc.	−49	18,456	$3,834,418
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 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
GSK	GSK plc	13,998	$491,889
SPY	Spdr S&P 500 ETF Trust	1,048	$400,786
HALO	Halozyme Therapeutics, Inc.	4,398	$250,246
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 /Or/	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
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
ZTS	Zoetis Inc.	13,538	$2,007,550
MTB	M&T Bank Corp	10,216	$1,801,285
ADBE	Adobe Inc.	5,544	$1,525,708
ZBRA	Zebra Technologies Corp	5,234	$1,371,360
PANW	Palo Alto Networks Inc	10,707	$876,849
IQV	Iqvia Holdings Inc.	4,406	$798,102
AMD	Advanced Micro Devices Inc	10,732	$679,979
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

109 positions · $202,139,367 total · 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 109 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	126,570	-10,603	$16,445,240	−13.3%	8.14%
MSFT	Microsoft Corp Technology	Added	55,916	+93	$13,409,775	+3.1%	6.63%
GOOGL	Alphabet Inc. Communication Services	Added	87,752	+9,071	$7,742,358	+2.9%	3.83%
JNJ	Johnson & Johnson Healthcare	Reduced	43,491	-55	$7,682,685	+8.0%	3.80%
UNH	Unitedhealth Group Inc Healthcare	Added	11,915	+105	$6,317,094	+5.9%	3.13%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	69,738	-113	$5,857,992	−25.8%	2.90%
NEE	Nextera Energy Inc Utilities	Added	65,710	+1,024	$5,493,356	+8.3%	2.72%
PEP	Pepsico Inc Consumer Defensive	Reduced	27,184	-26	$4,911,061	+10.6%	2.43%
DE	Deere & Co Industrials	Reduced	11,042	-85	$4,734,367	+27.4%	2.34%
MET	Metlife Inc Financial Services	Reduced	63,585	-74	$4,601,646	+18.9%	2.28%
CMI	Cummins Inc Industrials	Reduced	18,868	-39	$4,571,527	+18.8%	2.26%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Added	25,910	+244	$3,857,739	+7.3%	1.91%
V	Visa Inc. Financial Services	Reduced	18,456	-49	$3,834,418	+16.6%	1.90%
ABBV	AbbVie Inc. Healthcare	Added	23,601	+75	$3,814,157	+20.8%	1.89%
TT	Trane Technologies plc Industrials	Added	22,536	+45	$3,788,076	+16.3%	1.87%
HON	Honeywell International Inc Industrials	Reduced	17,772	-93	$3,764,630	+27.7%	1.86%
PFE	Pfizer Inc Healthcare	Added	71,697	+75	$3,673,754	+17.2%	1.82%
PNC	Pnc Financial Services Group, Inc. Financial Services	Added	22,298	+223	$3,521,746	+6.8%	1.74%
ACN	Accenture plc Technology	Added	13,081	+51	$3,490,534	+4.1%	1.73%
BMY	Bristol Myers Squibb Co Healthcare	Added	45,763	+26,399	$3,292,647	+139.2%	1.63%
AMT	American Tower Corp /Ma/ Real Estate	Added	14,648	+47	$3,103,325	−1.0%	1.54%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	25,138	-125	$2,941,397	+40.1%	1.46%
JPM	Jpmorgan Chase & Co Financial Services	Added	19,887	+12,463	$2,666,846	+243.8%	1.32%
MRK	Merck & Co., Inc. Healthcare	Added	23,792	+75	$2,639,722	+29.2%	1.31%
MCHP	Microchip Technology Inc Technology	NEW	36,228	NEW	$2,545,017	NEW	1.26%
ALL	Allstate Corp Financial Services	Reduced	18,152	-487	$2,461,411	+6.0%	1.22%
DHR	Danaher Corp /De/ Healthcare	Added	10,457	+4	$2,460,546	+2.8%	1.22%
EL	Estee Lauder Companies Inc Consumer Defensive	Added	9,634	+62	$2,390,291	+15.7%	1.18%
AXP	American Express Co Financial Services	Added	15,538	+122	$2,295,739	+10.4%	1.14%
RJF	Raymond James Financial Inc Financial Services	Reduced	20,256	-6,787	$2,164,353	−19.0%	1.07%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	6,802	-2,501	$2,148,479	−16.3%	1.06%
ON	On Semiconductor Corp Technology	Reduced	30,395	-146	$1,895,736	−0.4%	0.94%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	6,195	+26	$1,788,992	+0.2%	0.89%
HOLX	HOLOGIC INC Healthcare	Added	23,408	+250	$1,751,152	+17.2%	0.87%
NDAQ	Nasdaq, Inc. Financial Services	Reduced	28,395	-354	$1,742,033	+6.9%	0.86%
PLD	Prologis, Inc. Real Estate	Added	15,209	+56	$1,714,510	+11.4%	0.85%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	3,755	+37	$1,714,157	−2.4%	0.85%
FR	First Industrial Realty Trust Inc Real Estate	Added	35,357	+456	$1,706,328	+9.1%	0.84%
KO	Coca Cola Co Consumer Defensive	Reduced	26,789	-5	$1,704,048	+13.5%	0.84%
DTE	Dte Energy Co Utilities	Added	14,049	+3,517	$1,651,178	+36.3%	0.82%
A	Agilent Technologies, Inc. Healthcare	NEW	10,644	NEW	$1,592,874	NEW	0.79%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	23,595	-11	$1,572,606	+21.5%	0.78%
UNP	Union Pacific Corp Industrials	Reduced	7,587	-13	$1,571,040	+6.1%	0.78%
EMR	Emerson Electric Co Industrials	Reduced	15,993	-12	$1,536,287	+31.1%	0.76%
AEP	American Electric Power Co Inc Utilities	Added	15,937	+66	$1,513,218	+10.3%	0.75%
KNX	Knight-Swift Transportation Holdings Inc. Industrials	Reduced	28,797	-56	$1,509,250	+6.9%	0.75%
PWR	Quanta Services, Inc. Industrials	Reduced	10,270	-39	$1,463,475	+11.4%	0.72%
CPT	Camden Property Trust Real Estate	Added	12,942	+8	$1,447,950	−6.3%	0.72%
XEL	Xcel Energy Inc Utilities	Added	19,685	+338	$1,380,115	+11.5%	0.68%
INVH	Invitation Homes Inc. Real Estate	Reduced	46,341	-312	$1,373,547	−12.8%	0.68%