CIK: 0001034550
Total reported value
$95.2M
Reporting period: 2023-09-30 · Number of holdings: 44
ARMSTRONG SHAW ASSOCIATES INC/CT disclosed 44 holdings in its latest 13F filing for the period ending 2023-09-30, with total reported value of $95.2M and a quarterly turnover rate of 0.0%.
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Armstrong Shaw Associates Inc/ct's disclosed holdings carry a Herfindahl concentration index of 0.058 — mathematically equivalent to about 17 equally-sized positions, well below its 44 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.26), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
No holding changes this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 12.26% | — | — | |
| 2 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 11.17% | — | — | |
| 3 | AAPL | Apple INC | Stock-Tech | 8.52% | — | — | |
| 4 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 6.84% | — | — | |
| 5 | UNH | Unitedhealth Group INC | Stock-Healthcare | 6.51% | — | — | |
| 6 | APD | Air Products & Chemicals INC | Stock-Materials | 4.41% | — | — | |
| 7 | ELV | Elevance Health INC | Stock-Healthcare | 4.05% | — | — | |
| 8 | ✓ | AbbVie Inc. | Stock-Other | 3.80% | — | — | |
| 9 | STZ | Constellation Brands Inc-a | Stock-Consumer Staples | 3.31% | — | — | |
| 10 | ✓ | Intercontinental Exchange, Inc. | Stock-Other | 3.27% | — | — | |
| 11 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.27% | — | — | |
| 12 | CVX | Chevron CORP | Stock-Energy | 3.26% | — | — | |
| 13 | HON | Honeywell International INC | Stock-Industrials | 3.21% | — | — | |
| 14 | CVS | Cvs Health CORP | Stock-Healthcare | 3.05% | — | — | |
| 15 | WMB | Williams Cos INC | Stock-Energy | 2.41% | — | — | |
| 16 | ✓ | Comcast Corporation | Stock-Other | 2.12% | — | — | |
| 17 | ✓ | Chubb Limited | Stock-Other | 2.12% | — | — | |
| 18 | COF | Capital One Financial CORP | Stock-Financials | 1.85% | — | -5.23% | |
| 19 | CZR | Caesars Entertainment INC | Stock-Consumer Disc | 1.72% | — | — | |
| 20 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 1.68% | — | — | |
| 21 | C | Citigroup INC | Stock-Financials | 1.08% | — | -24.64% | |
| 22 | WH | Wyndham Hotels & Resorts INC | Stock-Consumer Disc | 1.02% | — | — | |
| 23 | ✓ | Dell Technologies Inc. | Stock-Other | 0.77% | — | — | |
| 24 | AEE | Ameren Corporation | Stock-Utilities | 0.75% | — | — | |
| 25 | ✓ | Ameriprise Financial, Inc. | Stock-Other | 0.70% | — | — | |
| 26 | BN | Brookfield CORP | Stock-Financials | 0.67% | — | — | |
| 27 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.62% | — | — | |
| 28 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.62% | — | — | |
| 29 | ✓ | Dupont De Nemours INC | Stock-Other | 0.48% | — | -3.75% | |
| 30 | PYPL | Paypal Holdings INC | Stock-Financials | 0.42% | — | — | |
| 31 | DVN | Devon Energy CORP | Stock-Energy | 0.39% | — | — | |
| 32 | TNL | Travel + Leisure Co | Stock-Consumer Disc | 0.38% | — | — | |
| 33 | DOW | Dow INC | Stock-Materials | 0.35% | — | -3.56% | |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.33% | — | — | |
| 35 | ✓ | Pentair PLC | Stock-Other | 0.32% | — | — | |
| 36 | CTVA | Corteva INC | Stock-Materials | 0.32% | — | -3.87% | |
| 37 | MAR | Marriott International -cl A | Stock-Consumer Disc | 0.31% | — | — | |
| 38 | GS | Goldman Sachs Group INC | Stock-Financials | 0.27% | — | — | |
| 39 | BA | Boeing Co/the | Stock-Industrials | 0.26% | — | — | |
| 40 | AXP | American Express Co | Stock-Financials | 0.24% | — | — | |
| 41 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.23% | — | — | |
| 42 | ZBH | Zimmer Biomet Holdings INC | Stock-Healthcare | 0.22% | — | — | |
| 43 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.22% | — | — | |
| 44 | GE | General Electric | Stock-Industrials | 0.22% | — | — |
Performance for Q3 2026
+3%
Performance Last 4 Quarters
+34.5%
Based on 62% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2023-09-30 | 44 | $95.2M | 0 | |
| 2023-06-30 | 47 | $98.3M | 0 | |
| 2023-03-31 | 45 | $101.9M | 0 | |
| 2022-12-31 | 42 | $100.6M | 0 | |
| 2022-09-30 | 41 | $93.2M | 0 | |
| 2022-06-30 | 42 | $99.3M | 0 | |
| 2022-03-31 | 43 | $119.6M | 0 | |
| 2021-12-31 | 43 | $122.9M | 0 | |
| 2021-09-30 | 42 | $114.3M | 0 | |
| 2021-06-30 | 44 | $115.1M | 97 | |
| 2021-03-31 | 43 | $109.4M | 11 | |
| 2020-12-31 | 39 | $102.0M | 20 | |
| 2020-09-30 | 37 | $84.6M | 24 | |
| 2020-06-30 | 43 | $81.8M | 12 | |
| 2020-03-31 | 44 | $78.9M | 37 | |
| 2019-12-31 | 47 | $113.7M | 10 | |
| 2019-09-30 | 44 | $110.5M | 8 | |
| 2019-06-30 | 44 | $109.5M | 15 | |
| 2019-03-31 | 39 | $104.3M | 20 | |
| 2018-12-31 | 39 | $95.7M | 22 | |
| 2018-09-30 | 42 | $116.4M | 12 | |
| 2018-06-30 | 43 | $110.3M | 13 | |
| 2018-03-31 | 41 | $110.8M | 7 | |
| 2017-12-31 | 41 | $118.5M | 9 | |
| 2017-09-30 | 41 | $110.7M | 88 | |
| 2017-06-30 | 42 | $265.4M | 44 | |
| 2017-03-31 | 42 | $400.0M | 20 | |
| 2016-12-31 | 44 | $420.6M | 19 | |
| 2016-09-30 | 50 | $402.5M | 22 | |
| 2016-06-30 | 38 | $392.5M | 16 | |
| 2016-03-31 | 39 | $387.1M | 27 | |
| 2015-12-31 | 42 | $423.7M | 26 | |
| 2015-09-30 | 41 | $412.5M | 16 | |
| 2015-06-30 | 42 | $462.1M | 13 | |
| 2015-03-31 | 40 | $466.2M | 20 | |
| 2014-12-31 | 41 | $552.5M | 37 | |
| 2014-09-30 | 43 | $549.7M | 15 | |
| 2014-06-30 | 42 | $553.3M | 45 | |
| 2014-03-31 | 43 | $813.8M | 100 | |
| 2013-12-31 | 45 | $2.7B | 21 | |
| 2013-09-30 | 44 | $2.5B | 22 | |
| 2013-06-30 | 46 | $2.4B | 0 |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2023-09-30 | 2023-10-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-07 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-03 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-07 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-04 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-26 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-21 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-02 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-08 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-05 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-05 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-25 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-26 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-31 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-29 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-31 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-06 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-31 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-08 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-29 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-07 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-03 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-03 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-25 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-25 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-19 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-27 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-20 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-01 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-08 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-28 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-27 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-30 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-13 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-11 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-31 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-22 | Amendment | View on EDGAR |
| 2014-06-30 | 2014-07-18 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-05 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-12 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-31 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-01 | 13F-HR | View on EDGAR |
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