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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 | |
|---|---|---|---|---|---|---|
|
BDXB
1
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B
BDXB
| $9.93M | 4.63% |
210,709
| – | – |
|
2
JPMorgan Chase
JPM
$955B
| $9.85M | 4.59% |
94,257
-12,814
| -12% | -$1.47M |
|
|
3
Martin Marietta Materials
MLM
$33.2B
| $9.22M | 4.3% |
+28,639
| New | +$9.7M |
|
4
Morgan Stanley
MS
$343B
| $8.93M | 4.16% |
113,032
-31,121
| -22% | -$2.62M |
|
|
CTRA
5
DELISTED
Coterra Energy
CTRA
| $8.92M | 4.16% |
341,590
+578
| +0.2% | +$16.6K |
|
6
Coca-Cola
KO
$374B
| $8.19M | 3.82% |
146,237
-27,897
| -16% | -$1.73M |
|
7
Home Depot
HD
$352B
| $7.71M | 3.59% |
27,932
-6,566
| -19% | -$1.94M |
|
8
Alexandria Real Estate Equities
ARE
$8.73B
| $7.7M | 3.59% |
54,910
-8,742
| -14% | -$1.34M |
|
9
Rayonier
RYN
$6.62B
| $7.43M | 3.46% |
273,104
-53,964
| -16% | -$1.74M |
|
|
10
Bank of America
BAC
$442B
| $7.35M | 3.42% |
243,316
+18,587
| +8% | +$621K |
|
11
Bristol-Myers Squibb
BMY
$130B
| $7.26M | 3.38% |
102,151
-20,245
| -17% | -$1.47M |
|
12
Sempra
SRE
$55.3B
| $6.99M | 3.26% |
93,246
| – | – |
|
13
Target
TGT
$67.1B
| $6.79M | 3.16% |
45,766
-268
| -0.6% | -$42.9K |
|
14
PepsiCo
PEP
$189B
| $6.65M | 3.1% |
40,756
-181
| -0.4% | -$31.2K |
|
|
15
Teck Resources
TECK
$32.4B
| $6.65M | 3.1% |
218,586
+30,063
| +16% | +$928K |
|
16
DTE Energy
DTE
$29.1B
| $6.55M | 3.05% |
56,976
-785
| -1% | -$101K |
|
17
AES
AES
$10.5B
| $6.46M | 3.01% |
285,979
-168,949
| -37% | -$4.01M |
|
18
Microsoft
MSFT
$3.62T
| $6.42M | 2.99% |
27,544
| – | – |
|
19
Medtronic
MDT
$110B
| $6.4M | 2.98% |
79,304
-41,731
| -34% | -$3.75M |
|
20
Mastercard
MA
$500B
| $6.31M | 2.94% |
22,183
-15,555
| -41% | -$5.16M |
|
21
Union Pacific
UNP
$176B
| $6.3M | 2.94% |
32,347
-7,207
| -18% | -$1.59M |
|
22
Eaton
ETN
$174B
| $6.26M | 2.92% |
46,933
+116
| +0.2% | +$16.2K |
|
23
Texas Instruments
TXN
$254B
| $6.21M | 2.89% |
40,131
-22,049
| -35% | -$3.7M |
|
24
Camden Property Trust
CPT
$11.1B
| $5.99M | 2.79% |
50,164
+28
| +0.1% | +$3.74K |
|
25
Apple
AAPL
$4.54T
| $5.89M | 2.75% |
42,646
-15,420
| -27% | -$2.42M |
|
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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.