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Riggs Asset Management Portfolio holdings

AUM $560M
1-Year Est. Return 64.94%
This Fund
S&P 500
This Quarter Est. Return
-13.08%
1 Year Est. Return
+64.94%
3 Year Est. Return
+207.03%
5 Year Est. Return
+268.77%
10 Year Est. Return
+923.4%
AUM
$242M
AUM Growth
-$99.4M
Cap. Flow
-$49M
Cap. Flow %
-20.2%
Top 10 Hldgs %
32.89%
Holding
349
New
27
Increased
29
Reduced
111
Closed
44

Top Buys

Rank Stock Value
1
AMLP icon
Alerian MLP ETF
AMLP
+$5.12M
2
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$5.03M
3
IBM icon
IBM
IBM
+$4.65M
4
MSFT icon
Microsoft
MSFT
+$2.54M
5
RTX icon
RTX Corp
RTX
+$2.53M

Top Sells

Rank Stock Value
1
GLD icon
SPDR Gold Trust
GLD
+$15.3M
2
PAVE icon
Global X US Infrastructure Development ETF
PAVE
+$7.62M
3
EXPE icon
Expedia Group
EXPE
+$7.54M
4
QCOM icon
Qualcomm
QCOM
+$5.8M
5
SMH icon
VanEck Semiconductor ETF
SMH
+$5.56M

Sector Composition

Rank Sector Weight
1 Technology 12.53%
2 Industrials 10.11%
3 Healthcare 7.17%
4 Consumer Discretionary 6.25%
5 Financials 4.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JETS icon
51
US Global Jets ETF
JETS
$776M
$1.34M 0.55%
81,221
-2,291
-3% -$45.1K
DAL icon
52
Delta Air Lines
DAL
$57.5B
$1.29M 0.53%
+44,431
New +$1.69M
FCX icon
53
Freeport-McMoran
FCX
$90B
$1.25M 0.52%
42,898
+15,075
+54% +$603K
MINT icon
54
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
$1.22M 0.5%
12,303
-856
-7% -$85.3K
NET icon
55
Cloudflare
NET
$99B
$1.19M 0.49%
27,201
-1,148
-4% -$82.7K
TSLA icon
56
Tesla
TSLA
$1.23T
$1.19M 0.49%
5,283
+33
+0.6% +$9.01K
MRK icon
57
Merck
MRK
$322B
$1.15M 0.47%
12,576
+11,195
+811% +$992K
CLF icon
58
Cleveland-Cliffs
CLF
$6.57B
$1.08M 0.44%
70,092
+32,372
+86% +$774K
PG icon
59
Procter & Gamble
PG
$336B
$923K 0.38%
6,418
– –
FOUR icon
60
Shift4
FOUR
$4.2B
$886K 0.37%
26,799
-904
-3% -$42.7K
XYZ
61
Block Inc
XYZ
$48.4B
$758K 0.31%
12,326
-1,755
-12% -$160K
RPG icon
62
Invesco S&P 500 Pure Growth ETF
RPG
$2.01B
$672K 0.28%
+22,750
New +$735K
BRK.B icon
63
Berkshire Hathaway Class B
BRK.B
$1.1T
$662K 0.27%
2,426
– –
XOP icon
64
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
$658K 0.27%
5,509
– –
CBU icon
65
Community Bank
CBU
$3.41B
$548K 0.23%
8,667
– –
UPST icon
66
Upstart Holdings
UPST
$2.63B
$494K 0.2%
15,612
-1,684
-10% -$100K
MBCN
67
DELISTED
Middlefield Banc Corp
MBCN
$475K 0.2%
18,830
– –
XLP icon
68
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
$402K 0.17%
+5,572
New +$418K
PPH icon
69
VanEck Pharmaceutical ETF
PPH
$959M
$394K 0.16%
+5,133
New +$401K
FDN icon
70
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.12B
$362K 0.15%
2,850
+2,754
+2,869% +$412K
PFIS icon
71
Peoples Financial Services
PFIS
$704M
$331K 0.14%
5,928
-250
-4% -$12.7K
SPHB icon
72
Invesco S&P 500 High Beta ETF
SPHB
$971M
$328K 0.14%
5,590
-8,350
-60% -$556K
GOOGL icon
73
Alphabet (Google) Class A
GOOGL
$4.36T
$327K 0.14%
3,000
-280
-9% -$33K
JNJ icon
74
Johnson & Johnson
JNJ
$618B
$302K 0.12%
1,701
-182
-10% -$32.4K
WASH icon
75
Washington Trust Bancorp
WASH
$743M
$299K 0.12%
6,180
– –
1 2
3
4 5

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NCA
Newbrook Capital Advisors New York $560M AUM 62.9% 1-Year Est. Return
OPWM
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DIM
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CFP
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MCM
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FGAM
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SHIM
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AC
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Riggs Asset Management's Q2 2022 Portfolio in Review

As of Q2 2022, Riggs Asset Management held 349 positions worth $242M, down 29% from $342M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Riggs Asset Management withdrew a net $49M in Q2 2022, closing 44 positions and reducing 111 holdings. Its most notable exit was Expedia Group, an estimated $7.54M position sold in full.

By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 13% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Riggs Asset Management opened a new position in Broadcom worth $1.58M.

  • Riggs Asset Management's largest Q2 2022 buy was Broadcom: 32,580 shares worth $1.58M.
  • Riggs Asset Management added most to Alerian MLP ETF in Q2 2022, an estimated $5.12M increase.
  • Riggs Asset Management's biggest Q2 2022 reduction was SPDR Gold Trust, cutting an estimated $15.3M.
  • Riggs Asset Management fully exited Expedia Group in Q2 2022, selling an estimated $7.54M.
  • Riggs Asset Management's ten largest holdings make up 33% of its $242M portfolio in Q2 2022.
  • Riggs Asset Management opened 27 new positions and closed 44 in Q2 2022.
  • Riggs Asset Management's portfolio value fell 29% quarter-over-quarter to $242M.

Based on Riggs Asset Management's 13F filing for Q2 2022, filed 4 Aug 2022.