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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
TEVA icon
201
Teva Pharmaceuticals
TEVA
$40.8B
$11K ﹤0.01%
1,500
– –
DFS
202
DELISTED
Discover Financial Services
DFS
$10K ﹤0.01%
111
– –
MUNI icon
203
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
$3.06B
$10K ﹤0.01%
+194
New +$10K
NVDA icon
204
NVIDIA
NVDA
$4.86T
$10K ﹤0.01%
660
-85,800
-99% -$1.62M
USMV icon
205
iShares MSCI USA Min Vol Factor ETF
USMV
$23.5B
$10K ﹤0.01%
+137
New +$10K
ACAD icon
206
Acadia Pharmaceuticals
ACAD
$4.43B
$9K ﹤0.01%
650
– –
GS icon
207
Goldman Sachs
GS
$300B
$9K ﹤0.01%
29
-15,200
-100% -$4.73M
IIPR icon
208
Innovative Industrial Properties
IIPR
$1.71B
$9K ﹤0.01%
82
-25,896
-100% -$3.67M
NBTB icon
209
NBT Bancorp
NBTB
$2.74B
$9K ﹤0.01%
250
– –
XHB icon
210
State Street SPDR S&P Homebuilders ETF
XHB
$1.6B
$9K ﹤0.01%
167
-5,967
-97% -$359K
DD icon
211
DuPont de Nemours
DD
$18.5B
$8K ﹤0.01%
120
– –
ERII icon
212
Energy Recovery
ERII
$446M
$8K ﹤0.01%
417
-86
-17% -$1.67K
KEY icon
213
KeyCorp
KEY
$24.2B
$8K ﹤0.01%
443
– –
META icon
214
Meta Platforms (Facebook)
META
$1.42T
$8K ﹤0.01%
52
-434
-89% -$83.7K
MSEX icon
215
Middlesex Water
MSEX
$1.08B
$8K ﹤0.01%
+94
New +$8.43K
MU icon
216
Micron Technology
MU
$930B
$8K ﹤0.01%
140
– –
VTI icon
217
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
$8K ﹤0.01%
+45
New +$9.24K
FNCB
218
DELISTED
FNCB Bancorp Inc. Common Stock
FNCB
$8K ﹤0.01%
1,000
– –
CI icon
219
Cigna
CI
$73.7B
$7K ﹤0.01%
25
– –
DOCS icon
220
Doximity
DOCS
$3.76B
$7K ﹤0.01%
+200
New +$7.87K
IR icon
221
Ingersoll Rand
IR
$32.6B
$7K ﹤0.01%
176
– –
JKS
222
JinkoSolar
JKS
$793M
$7K ﹤0.01%
105
– –
NCLH icon
223
Norwegian Cruise Line
NCLH
$8.51B
$7K ﹤0.01%
600
– –
PB icon
224
Prosperity Bancshares
PB
$8.97B
$7K ﹤0.01%
+102
New +$7.01K
SAP icon
225
SAP
SAP
$212B
$7K ﹤0.01%
80
– –
7 8
9
10 11

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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.