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Socorro Asset Management Portfolio holdings
AUM
$221M
1-Year Est. Return
14.93%
This Fund
S&P 500
This Quarter
Est. Return
-4.62%
1 Year Est. Return
+14.93%
3 Year Est. Return
+38.78%
5 Year Est. Return
+49.27%
10 Year Est. Return
–
AUM
$215M
AUM Growth
-$66.8M
(-24%)
Cap. Flow
-$55.4M
Cap. Flow
% of AUM
-25.82%
Top 10 Holdings %
Top 10 Hldgs %
39.71%
Holding
36
New
2
Increased
5
Reduced
18
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$9.7M |
| 2 |
Broadcom
AVGO
|
+$6.21M |
| 3 |
Teck Resources
TECK
|
+$928K |
| 4 |
Bank of America
BAC
|
+$621K |
| 5 |
CTRA
Coterra Energy
CTRA
|
+$16.6K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cummins
CMI
|
+$9.4M |
| 2 |
GRMN
Garmin
GRMN
|
+$8.21M |
| 3 |
Eli Lilly
LLY
|
+$6.95M |
| 4 |
Abbott
ABT
|
+$6.7M |
| 5 |
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
|
+$5.86M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.11% |
| 2 | Real Estate | 15% |
| 3 | Technology | 13.44% |
| 4 | Consumer Staples | 10.08% |
| 5 | Utilities | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alcon
ALC
$35B
| $5.66M | 2.64% |
97,337
| – | – |
|
27
Prologis
PLD
$133B
| $5.62M | 2.62% |
55,350
-5,665
| -9% | -$703K |
|
28
Cousins Properties
CUZ
$4.88B
| $5.46M | 2.54% |
233,784
| – | – |
|
|
29
Broadcom
AVGO
$2.04T
| $5.39M | 2.51% |
+121,480
| New | +$6.21M |
|
30
Carrier Global
CARR
$52.8B
| $5.18M | 2.42% |
145,806
-50,278
| -26% | -$1.98M |
|
31
Lam Research
LRCX
$390B
| $4.94M | 2.3% |
135,070
| – | – |
|
|
32
Abbott
ABT
$187B
| – | – |
-61,637
| Closed | -$6.7M |
|
|
33
Cummins
CMI
$88.7B
| – | – |
-48,570
| Closed | -$9.4M |
|
|
GRMN
34
Garmin
GRMN
$60B
| – | – |
-83,577
| Closed | -$8.21M |
|
|
35
Eli Lilly
LLY
$1.06T
| – | – |
-21,427
| Closed | -$6.95M |
|
|
AVGOP
36
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
| – | – |
-3,900
| Closed | -$5.86M |
|
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Socorro Asset Management's Q3 2022 Portfolio in Review
As of Q3 2022, Socorro Asset Management held 36 positions worth $215M, down 24% from $281M the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Socorro Asset Management withdrew a net $55.4M in Q3 2022, closing 5 positions and reducing 18 holdings. Its most notable exit was Cummins, an estimated $9.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Real Estate and Technology.
Against the trend, Socorro Asset Management opened a new position in Martin Marietta Materials worth $9.22M.
- Socorro Asset Management's largest Q3 2022 buy was Martin Marietta Materials: 28,639 shares worth $9.22M.
- Socorro Asset Management added most to Teck Resources in Q3 2022, an estimated $928K increase.
- Socorro Asset Management's biggest Q3 2022 reduction was Mastercard, cutting an estimated $5.16M.
- Socorro Asset Management fully exited Cummins in Q3 2022, selling an estimated $9.4M.
- Socorro Asset Management's ten largest holdings make up 40% of its $215M portfolio in Q3 2022.
- Socorro Asset Management opened 2 new positions and closed 5 in Q3 2022.
- Socorro Asset Management's portfolio value fell 24% quarter-over-quarter to $215M.
Based on Socorro Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.