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Avalon Investment & Advisory Historical SEC 13F Holdings & Archive (Q1 2023)
Avalon Investment & AdvisoryCIK: 0001221362
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$3.7B
Reporting period: 2023-03-31 · Number of holdings: 309
Avalon Investment & Advisory disclosed 309 holdings in its latest 13F filing for the period ending 2023-03-31, with total reported value of $3.7B and a quarterly turnover rate of 0.0%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "A"
Personality snowflake
- Concentration
- 4.79
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 47.46
- Diversification
- 100
- Sizing Uniformity
- 83.55
Avalon Investment & Advisory's disclosed holdings carry a Herfindahl concentration index of 0.012 — mathematically equivalent to about 84 equally-sized positions, well below its 309 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 1.64), 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.
Sector classification currently covers about 59% 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
Showing top 200 holdings (of 309 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | LRCXEUR | Lam Research CORP | Stock-Tech | 3.26% | — | -2.43% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 3.06% | — | +11.56% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.65% | — | +15.42% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 2.58% | — | +19.21% | |
| 5 | CVX | Chevron CORP | Stock-Energy | 2.25% | — | -1.57% | |
| 6 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 2.16% | — | -1.98% | |
| 7 | MRK | Merck & Co. Inc. | Stock-Healthcare | 2.15% | — | -2.60% | |
| 8 | TXN | Texas Instruments Inc | Stock-Tech | 2.08% | — | -2.17% | |
| 9 | CMI | Cummins Inc | Stock-Industrials | 1.92% | — | -24.80% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.89% | — | +28.29% | |
| 11 | MS | Morgan Stanley | Stock-Financials | 1.83% | — | -2.92% | |
| 12 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.75% | — | -0.53% | |
| 13 | VNT | Vontier CORP | Stock-Tech | 1.71% | — | +43.43% | |
| 14 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.69% | — | -0.69% | |
| 15 | CALM | Cal-maine Foods Inc | Stock-Consumer Staples | 1.35% | — | -2.59% | |
| 16 | ACN | Accenture plc | Stock-Tech | 1.35% | — | -1.93% | |
| 17 | PSX | Phillips 66 | Stock-Energy | 1.34% | — | -4.21% | |
| 18 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.32% | — | -4.74% | |
| 19 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.30% | — | -3.91% | |
| 20 | KMX | Carmax Inc | Stock-Consumer Disc | 1.29% | — | — | |
| 21 | WFC | Wells Fargo & Co | Stock-Financials | 1.28% | — | -2.47% | |
| 22 | BN | Brookfield CORP | Stock-Financials | 1.28% | — | +47.20% | |
| 23 | LMT | Lockheed Martin CORP | Stock-Industrials | 1.24% | — | -19.85% | |
| 24 | HD | Home Depot Inc | Stock-Consumer Disc | 1.21% | — | -4.38% | |
| 25 | CHRW | C.h. Robinson Worldwide Inc | Stock-Industrials | 1.20% | — | -2.62% | |
| 26 | EMR | Emerson Electric Co | Stock-Industrials | 1.20% | — | -2.75% | |
| 27 | DFSEUR | Discover Financial Services | Stock-Other | 1.17% | — | -3.02% | |
| 28 | UPS | United Parcel Service-cl B | Stock-Industrials | 1.17% | — | -1.89% | |
| 29 | TROW | T Rowe Price Group Inc | Stock-Financials | 1.16% | — | -2.07% | |
| 30 | ABBV | Abbvie Inc | Stock-Healthcare | 1.09% | — | -2.06% | |
| 31 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.07% | — | +111.53% | |
| 32 | NOVAQ | Sunnova Energy International | Stock-Other | 0.97% | — | — | |
| 33 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.95% | — | +45.61% | |
| 34 | TGT | Target CORP | Stock-Consumer Disc | 0.93% | — | -2.74% | |
| 35 | AVGO | Broadcom Inc | Stock-Tech | 0.90% | — | -2.96% | |
| 36 | LIN | Linde plc | Stock-Materials | 0.88% | — | — | |
| 37 | JMBS | Janus Henderson Mortg Backed | ETF-Other | 0.85% | — | +21.99% | |
| 38 | NVDA | Nvidia CORP | Stock-Tech | 0.84% | — | +14.17% | |
| 39 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.81% | — | -2.50% | |
| 40 | XOM | Exxon Mobil CORP | Stock-Energy | 0.69% | — | +188.83% | |
| 41 | BAC | Bank Of America CORP | Stock-Financials | 0.69% | — | -23.90% | |
| 42 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.68% | — | — | |
| 43 | AMGN | Amgen Inc | Stock-Healthcare | 0.68% | — | +7.12% | |
| 44 | MBB | Ishares Mbs ETF | ETF-Other | 0.67% | — | +24.54% | |
| 45 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.66% | — | +9.36% | |
| 46 | FISV | Fiserv Inc | Stock-Other | 0.66% | — | -1.08% | |
| 47 | PFE | Pfizer Inc | Stock-Healthcare | 0.65% | — | +41.21% | |
| 48 | VLO | Valero Energy CORP | Stock-Energy | 0.62% | — | -2.14% | |
| 49 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.58% | — | -2.42% | |
| 50 | GILD | Gilead Sciences Inc | Stock-Healthcare | 0.57% | — | -35.28% |
1–50 of 200
* 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
+4.2%
Performance Last 4 Quarters
+22.5%
- Stdev
- +12.1%
- Beta
- +0.87
- Alpha
- -0.2%
- Max Drawdown
- -10.1%
- Annualized Perf
- +17.7%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.67
- Stutzer
- +0.41
- Treynor
- +0.2
- Sterling
- +1.08
- Calmar
- +1.76
- Information Ratio
- -0.58
- Tracking Error
- +4.9%
- Stdev Down
- +6.4%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +31.6%
- Worst 12 Months
- +4.3%
- Efficiency Ratio
- +0.56
- Sharpe
- +1.42
- Stdev Sectors
- +7.2%
- Skewness
- -0.17
- Kurtosis
- -0.38
- Upside Potential
- +4.28
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2023 Q1 | 309 | $3.7B | 0 | ||
| 2022 Q4 | 314 | $3.5B | 0 | ||
| 2022 Q3 | 287 | $3.2B | 0 | ||
| 2022 Q2 | 309 | $3.5B | 0 | ||
| 2022 Q1 | 320 | $4.1B | 0 | ||
| 2021 Q4 | 300 | $4.1B | 0 | ||
| 2021 Q3 | 335 | $4.3B | 0 | ||
| 2021 Q2 | 350 | $4.5B | 98 | ||
| 2021 Q1 | 341 | $4.4B | 42 | ||
| 2020 Q4 | 333 | $4.9B | 18 | ||
| 2020 Q3 | 322 | $4.5B | 19 | ||
| 2020 Q2 | 302 | $4.3B | 26 | ||
| 2020 Q1 | 301 | $3.9B | 45 | ||
| 2019 Q4 | 326 | $4.9B | 23 | ||
| 2019 Q3 | 305 | $4.5B | 15 | ||
| 2019 Q2 | 317 | $4.5B | 22 | ||
| 2019 Q1 | 330 | $4.4B | 35 | ||
| 2018 Q4 | 304 | $3.9B | 54 | ||
| 2018 Q3 | 345 | $3.6B | 28 | ||
| 2018 Q2 | 562 | $3.4B | 21 | ||
| 2018 Q1 | 570 | $3.2B | 20 | ||
| 2017 Q4 | 592 | $3.2B | 19 | ||
| 2017 Q3 | 358 | $3.1B | 88 | ||
| 2017 Q2 | 390 | $3.0B | 19 | ||
| 2017 Q1 | 348 | $2.9B | 30 | ||
| 2016 Q4 | 330 | $2.8B | 19 | ||
| 2016 Q3 | 303 | $2.7B | 27 | ||
| 2016 Q2 | 282 | $2.6B | 39 | ||
| 2016 Q1 | 257 | $2.3B | 39 | ||
| 2015 Q4 | 250 | $2.3B | 30 | ||
| 2015 Q3 | 245 | $2.3B | 28 | ||
| 2015 Q2 | 254 | $2.3B | 17 | ||
| 2015 Q1 | 232 | $2.3B | 25 | ||
| 2014 Q4 | 225 | $2.2B | 45 | ||
| 2014 Q3 | 191 | $2.0B | 12 | ||
| 2014 Q2 | 181 | $2.0B | 30 | ||
| 2014 Q1 | 171 | $1.8B | 16 | ||
| 2013 Q4 | 178 | $1.8B | 28 | ||
| 2013 Q3 | 185 | $1.5B | 19 | ||
| 2013 Q2 | 186 | $1.7B | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Avalon Investment & Advisory and what type of investor is it?
Avalon Investment & Advisory 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 $3.7B, spread across 309 disclosed positions.
What are Avalon Investment & Advisory's largest equity positions?
Based on the latest 13F filing, Avalon Investment & Advisory's top holdings by market value are:
1. Lam Research CORP (LRCXEUR) — $119.1M (3.3%)
2. Apple Inc (AAPL) — $111.8M (3.1%)
3. Alphabet Inc-cl A (GOOGL) — $96.7M (2.6%)
4. Microsoft CORP (MSFT) — $94.2M (2.6%)
5. Chevron CORP (CVX) — $82.1M (2.3%)
What changes did Avalon Investment & Advisory make in its most recent portfolio filing?
No notable portfolio changes were recorded for Avalon Investment & Advisory in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Avalon Investment & Advisory focus on?
Avalon Investment & Advisory is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 25.3%
• Health Care: 19.8%
• Financials: 16.0%
• Consumer Staples: 9.3%
• Energy: 8.1%
• Communication Services: 7.1%
Investment Profile
Avalon Investment & Advisory returned an annualized 17.7% over the trailing 36 months — underperforming the S&P 500 by 0.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.87 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its LRCXEUR position over the past two quarters (+$50.0M, now $119.1M), while trimming GILD over the same stretch (-$45.3M, still holding $21.0M).
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LI
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Developer Access
Access Avalon Investment & Advisory's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/avalon-investment-advisoryCLI
npx alphasmo institutions get avalon-investment-advisory