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RAM
Riggs Asset Management Portfolio holdings
AUM
$486M
1-Year Est. Return
59.08%
This Fund
S&P 500
This Quarter
Est. Return
-13.08%
1 Year Est. Return
+59.08%
3 Year Est. Return
+163.31%
5 Year Est. Return
+217%
10 Year Est. Return
+749.37%
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 | |
|---|---|---|---|---|---|---|
1
State Street Energy Select Sector SPDR ETF
XLE
$38.2B
| $13.2M | 5.46% |
369,786
-28,632
| -7% | -$1.15M |
|
2
iShares Floating Rate Bond ETF
FLOT
$10.1B
| $12.3M | 5.09% |
246,806
-510
| -0.2% | -$25.7K |
|
3
Apple
AAPL
$4.9T
| $8.54M | 3.53% |
62,489
-3,019
| -5% | -$457K |
|
4
Devon Energy
DVN
$50.6B
| $7.46M | 3.08% |
135,339
-3,279
| -2% | -$214K |
|
5
Visa
V
$682B
| $7.17M | 2.96% |
36,433
-273
| -0.7% | -$56.4K |
|
|
6
Global X US Infrastructure Development ETF
PAVE
$13.9B
| $6.42M | 2.65% |
282,105
-297,523
| -51% | -$7.62M |
|
7
iShares TIPS Bond ETF
TIP
$14.6B
| $6.42M | 2.65% |
56,361
-734
| -1% | -$87K |
|
8
L3Harris
LHX
$52.5B
| $6.18M | 2.55% |
25,572
-702
| -3% | -$169K |
|
9
Invesco S&P 500 Equal Weight Utilities ETF
RSPU
$546M
| $5.98M | 2.47% |
104,724
-1,278
| -1% | -$75.8K |
|
|
10
SPDR Gold Trust
GLD
$129B
| $5.97M | 2.47% |
35,463
-87,601
| -71% | -$15.3M |
|
11
McDonald's
MCD
$190B
| $5.49M | 2.26% |
22,217
-152
| -0.7% | -$37.4K |
|
12
State Street SPDR S&P Metals & Mining ETF
XME
$3.9B
| $5.35M | 2.21% |
123,169
+14,703
| +14% | +$798K |
|
|
13
RTX Corp
RTX
$261B
| $5.27M | 2.17% |
54,822
+26,316
| +92% | +$2.53M |
|
14
VanEck Steel ETF
SLX
$160M
| $5.25M | 2.17% |
106,056
+8,723
| +9% | +$530K |
|
15
Pfizer
PFE
$143B
| $5.21M | 2.15% |
99,307
-940
| -0.9% | -$47.9K |
|
16
Invesco Senior Loan ETF
BKLN
$7.13B
| $5.15M | 2.12% |
253,954
-234
| -0.1% | -$4.96K |
|
17
AbbVie
ABBV
$450B
| $5.12M | 2.11% |
33,445
-16,856
| -34% | -$2.58M |
|
|
18
State Street Health Care Select Sector SPDR ETF
XLV
$41.7B
| $5.05M | 2.08% |
39,377
+38,405
| +3,951% | +$5.03M |
|
|
19
IBM
IBM
$200B
| $4.93M | 2.03% |
34,902
+34,459
| +7,779% | +$4.65M |
|
20
CVS Health
CVS
$137B
| $4.81M | 1.99% |
51,942
-1,683
| -3% | -$164K |
|
21
Alphabet (Google) Class C
GOOG
$4.22T
| $4.81M | 1.99% |
43,980
-14,960
| -25% | -$1.77M |
|
22
Amazon
AMZN
$2.66T
| $4.63M | 1.91% |
43,604
-8,316
| -16% | -$1.04M |
|
|
23
Alerian MLP ETF
AMLP
$12.7B
| $4.63M | 1.91% |
134,324
+133,483
| +15,872% | +$5.12M |
|
24
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.78B
| $4.52M | 1.87% |
70,026
-1,800
| -3% | -$125K |
|
25
Walmart Inc
WMT
$909B
| $4.4M | 1.82% |
108,573
-1,182
| -1% | -$54.5K |
|
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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.