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RAM
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
(-29%)
Cap. Flow
-$49M
Cap. Flow
% of AUM
-20.2%
Top 10 Holdings %
Top 10 Hldgs %
32.89%
Holding
349
New
27
Increased
29
Reduced
111
Closed
44
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alerian MLP ETF
AMLP
|
+$5.12M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$5.03M |
| 3 |
IBM
IBM
|
+$4.65M |
| 4 |
Microsoft
MSFT
|
+$2.54M |
| 5 |
RTX Corp
RTX
|
+$2.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$15.3M |
| 2 |
Global X US Infrastructure Development ETF
PAVE
|
+$7.62M |
| 3 |
Expedia Group
EXPE
|
+$7.54M |
| 4 |
Qualcomm
QCOM
|
+$5.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
101
Bank of America
BAC
$435B
| $109K | 0.05% |
3,517
-465
| -12% | -$16.7K |
|
102
Vale
VALE
$64.1B
| $109K | 0.05% |
+7,454
| New | +$127K |
|
103
Consolidated Edison
ED
$40.1B
| $105K | 0.04% |
1,100
| – | – |
|
104
Abbott
ABT
$183B
| $102K | 0.04% |
942
-1,335
| -59% | -$152K |
|
105
Alibaba
BABA
$293B
| $101K | 0.04% |
890
-202
| -18% | -$19.8K |
|
106
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $99K | 0.04% |
263
-19
| -7% | -$7.78K |
|
107
Bristol-Myers Squibb
BMY
$133B
| $96K | 0.04% |
1,251
+51
| +4% | +$3.88K |
|
108
JPMorgan Chase
JPM
$935B
| $94K | 0.04% |
836
-3,307
| -80% | -$410K |
|
109
Norfolk Southern
NSC
$75.4B
| $91K | 0.04% |
400
-225
| -36% | -$55.3K |
|
110
ExxonMobil
XOM
$644B
| $90K | 0.04% |
1,055
-400
| -27% | -$36.1K |
|
111
Sherwin-Williams
SHW
$82.7B
| $89K | 0.04% |
399
| – | – |
|
112
Texas Instruments
TXN
$252B
| $86K | 0.04% |
560
| – | – |
|
113
PNC Financial Services
PNC
$99.7B
| $84K | 0.03% |
530
| – | – |
|
114
VanEck Gold Miners ETF
GDX
$22.7B
| $80K | 0.03% |
2,932
-140
| -5% | -$4.72K |
|
115
American Express
AXP
$227B
| $76K | 0.03% |
550
+50
| +10% | +$8.26K |
|
116
M&T Bank
MTB
$35.7B
| $75K | 0.03% |
469
| – | – |
|
117
ConocoPhillips
COP
$147B
| $71K | 0.03% |
789
-457
| -37% | -$47.1K |
|
|
PPL
118
PPL Corp
PPL
$26.5B
| $70K | 0.03% |
2,583
| – | – |
|
119
Invesco S&P 500 Quality ETF
SPHQ
$19.4B
| $70K | 0.03% |
1,668
-53,562
| -97% | -$2.46M |
|
120
State Street SPDR S&P Health Care Equipment ETF
XHE
$161M
| $68K | 0.03% |
805
-603
| -43% | -$56.8K |
|
121
Xcel Energy
XEL
$48.8B
| $64K | 0.03% |
900
| – | – |
|
122
Comcast
CMCSA
$85B
| $60K | 0.02% |
1,529
-352
| -19% | -$15.1K |
|
123
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $59K | 0.02% |
696
-14
| -2% | -$1.27K |
|
124
Regeneron Pharmaceuticals
REGN
$78.5B
| $59K | 0.02% |
100
| – | – |
|
125
Emerson Electric
EMR
$83.9B
| $58K | 0.02% |
726
| – | – |
|
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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.