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Andesa Financial Management Inc. Historical SEC 13F Holdings & Archive (Q1 2023)
Andesa Financial Management Inc.CIK: 0001752985
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$194.9M
Reporting period: 2023-03-31 · Number of holdings: 125
Andesa Financial Management Inc. disclosed 125 holdings in its latest 13F filing for the period ending 2023-03-31, with total reported value of $194.9M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 7.35
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 58.85
- Diversification
- 100
- Sizing Uniformity
- 88.57
Andesa Financial Management Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.018 — mathematically equivalent to about 54 equally-sized positions, well below its 125 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.14), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 37% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 5.33% | — | +94.90% | |
| 2 | DIVO | Amplify Cwp Enhan Divid ETF | ETF-Other | 4.11% | — | +104.83% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.56% | — | +80.44% | |
| 4 | ETN | Eaton Corporation plc | Stock-Industrials | 3.36% | — | +93.76% | |
| 5 | JPSE | JPM Diversified Rt Small Cap | ETF-Small Cap | 2.78% | — | +116.42% | |
| 6 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.50% | — | +99.75% | |
| 7 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 2.47% | — | +119.75% | |
| 8 | HD | Home Depot Inc | Stock-Consumer Disc | 2.30% | — | +83.31% | |
| 9 | AVGO | Broadcom Inc | Stock-Tech | 2.25% | — | +74.55% | |
| 10 | QEFA | Stsr Spd Msc Eaf Stgfs-us In | ETF-Other | 2.24% | — | +121.81% | |
| 11 | SSUS | Day Hagan Smart Sector ETF | ETF-Other | 2.22% | — | +125.06% | |
| 12 | FTGC | First Trust Global Tactical | ETF-Other | 1.97% | — | +70.39% | |
| 13 | ALTY | Global X Alternative Income | ETF-Other | 1.92% | — | +217.81% | |
| 14 | APD | Air Products & Chemicals Inc | Stock-Materials | 1.83% | — | +67.26% | |
| 15 | CME | Cme Group Inc | Stock-Financials | 1.77% | — | +93.97% | |
| 16 | WMT | Walmart Inc | Stock-Consumer Staples | 1.76% | — | +98.84% | |
| 17 | DVN | Devon Energy CORP | Stock-Energy | 1.72% | — | +89.49% | |
| 18 | CSCO | Cisco Systems Inc | Stock-Tech | 1.64% | — | +84.53% | |
| 19 | ADP | Automatic Data Processing | Stock-Tech | 1.61% | — | +79.88% | |
| 20 | CB | Chubb Limited | Stock-Financials | 1.59% | — | +99.73% | |
| 21 | INNO | Harbor Disruptive Innovation | ETF-Other | 1.57% | — | +113.67% | |
| 22 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.57% | — | +78.97% | |
| 23 | JHMM | John Hancock Multi Fact Mid | ETF-Other | 1.56% | — | +117.27% | |
| 24 | UNP | Union Pacific CORP | Stock-Industrials | 1.51% | — | +87.27% | |
| 25 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.51% | — | +75.44% | |
| 26 | DUSA | Davis Select US Equity ETF | ETF-Other | 1.44% | — | +119.70% | |
| 27 | HYD | Vaneck High Yield Muni ETF | ETF-High Yield | 1.40% | — | +94.25% | |
| 28 | JEPI | Jpmorgan Equity Premium Inco | ETF-Other | 1.37% | — | +126.03% | |
| 29 | BBY | Best Buy Co Inc | Stock-Consumer Disc | 1.37% | — | +103.25% | |
| 30 | MPC | Marathon Petroleum CORP | Stock-Energy | 1.36% | — | +93.92% | |
| 31 | QUS | Ss Spdr Msci U Stratfact ETF | ETF-Other | 1.32% | — | +95.59% | |
| 32 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 1.26% | — | +97.02% | |
| 33 | MCHP | Microchip Technology Inc | Stock-Tech | 1.22% | — | +97.58% | |
| 34 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 1.21% | — | +102.11% | |
| 35 | DRI | Darden Restaurants Inc | Stock-Consumer Disc | 1.15% | — | +100.79% | |
| 36 | AJG | Arthur J Gallagher & Co | Stock-Financials | 1.12% | — | +99.56% | |
| 37 | VFVA | Vanguard U.s. Value Factor | ETF-Other | 1.11% | — | +119.87% | |
| 38 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.10% | — | +93.01% | |
| 39 | MSI | Motorola Solutions Inc | Stock-Tech | 1.09% | — | +88.52% | |
| 40 | SHYG | Ishares 0-5 Yr Hy CORP Bond | ETF-Corp Bonds | 1.06% | — | +40.23% | |
| 41 | MOAT | Vaneck Morningstar Wide Moat | ETF-Other | 1.05% | — | +120.07% | |
| 42 | NFLT | Virtus Newfleet Multi-sector | ETF-Other | 0.97% | — | +292.26% | |
| 43 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.93% | — | +119.69% | |
| 44 | DBND | Doubleline Oppor Cor Bnd-usd | ETF-Other | 0.90% | — | +157.12% | |
| 45 | GCOW | Pacer Global Cash Cows Divid | ETF-Other | 0.84% | — | +109.76% | |
| 46 | OUSA | Alps Oshares US Quality Divi | ETF-Other | 0.79% | — | +90.46% | |
| 47 | VFMO | Vanguard US Momentum Factor | ETF-Other | 0.74% | — | +142.05% | |
| 48 | MDT | Medtronic plc | Stock-Healthcare | 0.73% | — | +127.31% | |
| 49 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.71% | — | +46.50% | |
| 50 | MUST | Columbia Multi-sect Muni Inc | ETF-Other | 0.62% | — | +173.76% |
1–50 of 125
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+6.8%
Performance Last 4 Quarters
+20.5%
- Stdev
- +10.1%
- Beta
- +0.7
- Alpha
- +2.2%
- Max Drawdown
- -6.4%
- Annualized Perf
- +16.8%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +3.07
- Stutzer
- +0.46
- Treynor
- +0.23
- Sterling
- +1.15
- Calmar
- +2.61
- Information Ratio
- -0.65
- Tracking Error
- +6%
- Stdev Down
- +5.3%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +27.7%
- Worst 12 Months
- +5.8%
- Efficiency Ratio
- +0.61
- Sharpe
- +1.6
- Stdev Sectors
- +9.7%
- Skewness
- -0.38
- Kurtosis
- -0.47
- Upside Potential
- +4.64
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2023 Q1 | 125 | $194.9M | 0 | ||
| 2022 Q4 | 140 | $183.4M | 0 | ||
| 2022 Q3 | 151 | $285.9M | 0 | ||
| 2022 Q2 | 133 | $158.3M | 0 | ||
| 2022 Q1 | 147 | $185.4M | 0 | ||
| 2021 Q4 | 146 | $203.5M | 0 | ||
| 2021 Q3 | 139 | $184.0M | 0 | ||
| 2021 Q2 | 150 | $331.6M | 96 | ||
| 2021 Q1 | 143 | $306.8M | 70 | ||
| 2020 Q4 | 117 | $152.6M | 52 | ||
| 2020 Q3 | 130 | $242.1M | 79 | ||
| 2020 Q2 | 114 | $112.4M | 50 | ||
| 2020 Q1 | 84 | $89.3M | 49 | ||
| 2019 Q4 | 99 | $114.7M | 21 | ||
| 2019 Q3 | 102 | $103.4M | 20 | ||
| 2019 Q2 | 107 | $105.5M | 71 | ||
| 2019 Q1 | 145 | $202.7M | 89 | ||
| 2018 Q4 | 95 | $84.0M | 74 | ||
| 2018 Q3 | 60 | $65.2M | 29 | ||
| 2018 Q2 | 58 | $61.9M | 18 | ||
| 2018 Q1 | 57 | $60.5M | 19 | ||
| 2017 Q4 | 63 | $67.6M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Andesa Financial Management Inc. and what type of investor is it?
Andesa Financial Management Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2023-03-31), the firm manages a tracked equity portfolio valued at approximately $194.9M, spread across 125 disclosed positions.
What are Andesa Financial Management Inc.'s largest equity positions?
Based on the latest 13F filing, Andesa Financial Management Inc.'s top holdings by market value are:
1. Apple Inc (AAPL) — $10.4M (5.3%)
2. Amplify Cwp Enhan Divid ETF (DIVO) — $8.0M (4.1%)
3. Microsoft CORP (MSFT) — $6.9M (3.6%)
4. Eaton Corporation plc (ETN) — $6.5M (3.4%)
5. JPM Diversified Rt Small Cap (JPSE) — $5.4M (2.8%)
What changes did Andesa Financial Management Inc. make in its most recent portfolio filing?
No notable portfolio changes were recorded for Andesa Financial Management Inc. in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Andesa Financial Management Inc. focus on?
Andesa Financial Management Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.0%
• Health Care: 14.8%
• Financials: 13.1%
• Consumer Discretionary: 10.9%
• Consumer Staples: 7.0%
• Communication Services: 6.8%
Investment Profile
Andesa Financial Management Inc. returned an annualized 16.8% over the trailing 36 months — outperforming the S&P 500 by 2.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.70 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 36.0% of the portfolio concentrated in Information Technology.
It has added to its MUST position over the past two quarters (+$1.0M, now $1.2M), while trimming MSFT over the same stretch (-$5.3M, still holding $6.9M).
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Developer Access
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