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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
+5.99%
1 Year Est. Return
+59.08%
3 Year Est. Return
+163.31%
5 Year Est. Return
+217%
10 Year Est. Return
+749.37%
AUM
$258M
AUM Growth
+$14.8M
(+6.1%)
Cap. Flow
+$8.26M
Cap. Flow
% of AUM
3.21%
Top 10 Holdings %
Top 10 Hldgs %
28.67%
Holding
392
New
62
Increased
66
Reduced
69
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$9.57M |
| 2 |
VanEck Steel ETF
SLX
|
+$5.54M |
| 3 |
SPDR Gold Trust
GLD
|
+$5.1M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$4.14M |
| 5 |
State Street SPDR S&P Semiconductor ETF
XSD
|
+$3.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Devon Energy
DVN
|
+$5.16M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$4.75M |
| 3 |
iShares Floating Rate Bond ETF
FLOT
|
+$4.57M |
| 4 |
CVS Health
CVS
|
+$4.41M |
| 5 |
iShares US Oil & Gas Exploration & Production ETF
IEO
|
+$4.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.08% |
| 2 | Industrials | 12.01% |
| 3 | Financials | 5.59% |
| 4 | Healthcare | 5.24% |
| 5 | Consumer Discretionary | 5.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street Energy Select Sector SPDR ETF
XLE
$39.3B
| $9.27M | 3.6% |
+223,900
| New | +$9.57M |
|
|
2
SPDR Gold Trust
GLD
$130B
| $8.92M | 3.47% |
48,705
+29,006
| +147% | +$5.1M |
|
3
Global X US Infrastructure Development ETF
PAVE
$14.2B
| $8.88M | 3.45% |
313,367
+19,475
| +7% | +$552K |
|
4
Visa
V
$669B
| $8.08M | 3.14% |
35,860
-106
| -0.3% | -$23.6K |
|
5
Apple
AAPL
$4.72T
| $7.2M | 2.8% |
43,678
-18,248
| -29% | -$2.69M |
|
6
iShares Core S&P Small-Cap ETF
IJR
$109B
| $7.09M | 2.75% |
73,343
-828
| -1% | -$82.8K |
|
7
State Street SPDR S&P Metals & Mining ETF
XME
$4.11B
| $7.07M | 2.75% |
133,063
+4,506
| +4% | +$245K |
|
8
McDonald's
MCD
$187B
| $6.23M | 2.42% |
22,288
-352
| -2% | -$94.3K |
|
9
Cummins
CMI
$91.8B
| $5.57M | 2.16% |
23,302
+256
| +1% | +$62.5K |
|
|
10
VanEck Steel ETF
SLX
$163M
| $5.48M | 2.13% |
86,052
+85,765
| +29,883% | +$5.54M |
|
11
RTX Corp
RTX
$282B
| $5.48M | 2.13% |
55,920
+256
| +0.5% | +$25.2K |
|
12
State Street Materials Select Sector SPDR ETF
XLB
$8.35B
| $5.34M | 2.07% |
132,454
+2,638
| +2% | +$107K |
|
13
AbbVie
ABBV
$454B
| $5.33M | 2.07% |
33,475
-1,311
| -4% | -$200K |
|
14
Broadcom
AVGO
$1.87T
| $5.25M | 2.04% |
81,800
+30,060
| +58% | +$1.81M |
|
15
Alerian MLP ETF
AMLP
$12.9B
| $5.03M | 1.95% |
130,126
-247
| -0.2% | -$9.68K |
|
16
Invesco Solar ETF
TAN
$1.52B
| $5M | 1.94% |
64,460
+3,121
| +5% | +$239K |
|
17
IBM
IBM
$195B
| $4.91M | 1.91% |
37,428
-67
| -0.2% | -$8.96K |
|
18
Deere & Co
DE
$165B
| $4.87M | 1.89% |
11,806
+790
| +7% | +$327K |
|
19
Palo Alto Networks
PANW
$265B
| $4.67M | 1.81% |
46,748
+6,364
| +16% | +$539K |
|
20
Lockheed Martin
LMT
$131B
| $4.67M | 1.81% |
9,873
+173
| +2% | +$81.1K |
|
|
21
iShares Core S&P Mid-Cap ETF
IJH
$122B
| $4.58M | 1.78% |
91,570
+81,200
| +783% | +$4.14M |
|
22
Alphabet (Google) Class C
GOOG
$3.89T
| $4.48M | 1.74% |
43,043
-382
| -0.9% | -$36.9K |
|
23
UnitedHealth
UNH
$385B
| $4.42M | 1.72% |
9,350
-270
| -3% | -$130K |
|
24
iShares MBS ETF
MBB
$38.9B
| $4.41M | 1.71% |
46,604
-2,294
| -5% | -$217K |
|
25
Microsoft
MSFT
$2.83T
| $4.33M | 1.68% |
15,014
+2,349
| +19% | +$599K |
|
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Riggs Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Riggs Asset Management held 392 positions worth $258M, up 6.1% from $243M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Riggs Asset Management deployed $8.26M of net new capital in Q1 2023, opening 62 new positions and adding to 66 existing holdings. Its largest new stake was State Street Energy Select Sector SPDR ETF: 223,900 shares worth $9.27M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Devon Energy, an estimated $5.16M trimmed.
- Riggs Asset Management's largest Q1 2023 buy was State Street Energy Select Sector SPDR ETF: 223,900 shares worth $9.27M.
- Riggs Asset Management added most to VanEck Steel ETF in Q1 2023, an estimated $5.54M increase.
- Riggs Asset Management's biggest Q1 2023 reduction was Devon Energy, cutting an estimated $5.16M.
- Riggs Asset Management fully exited Canadian Pacific Kansas City in Q1 2023, selling an estimated $1.31M.
- Riggs Asset Management's ten largest holdings make up 29% of its $258M portfolio in Q1 2023.
- Riggs Asset Management opened 62 new positions and closed 22 in Q1 2023.
- Riggs Asset Management's portfolio value rose 6.1% quarter-over-quarter to $258M.
Based on Riggs Asset Management's 13F filing for Q1 2023, filed 9 May 2023.