LB
Landmark Bank Historical SEC 13F Holdings & Archive (Q4 2019)
Landmark BankCIK: 0001745164
High-turnover traderConcentrated strategyContrarian
Total reported value
$444.2M
Reporting period: 2019-12-31 · Number of holdings: 177
Landmark Bank disclosed 177 holdings in its latest 13F filing for the period ending 2019-12-31, with total reported value of $444.2M and a quarterly turnover rate of 98.6%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 98.58
- Momentum
- 0
- Sector conviction
- 43.32
- Diversification
- 100
- Sizing Uniformity
- 37.09
Landmark Bank's disclosed holdings carry a Herfindahl concentration index of 0.418 — mathematically equivalent to about 2 equally-sized positions, well below its 177 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 6.29), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 15.3 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Sector classification currently covers about 17% 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.govTrim VNQ
-3.7% -$391.0K
Trim VEA
-5.7% $77.0K
Trim HD
-5.8% -$688.0K
Trim WMT
-5.1% -$284.0K
Trim GWX
-5.2% $158.0K
Trim VWO
-5.8% $208.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 96 holdings (of 177 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SFNC | Simmons First Natl Corp-cl A | Stock-Other | 64.46% | +64.46% | NEW | |
| 2 | VNQ | Vanguard Real Estate ETF | ETF-Other | 2.05% | -4.04% | -3.65% | |
| 3 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 1.50% | -2.74% | -5.66% | |
| 4 | GWX | State Street Spdr S&p Intern | ETF-Other | 1.35% | -2.39% | -5.24% | |
| 5 | WMT | Walmart Inc | Stock-Consumer Staples | 1.22% | -2.45% | -5.11% | |
| 6 | HD | Home Depot Inc | Stock-Consumer Disc | 1.22% | -2.69% | -5.76% | |
| 7 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 1.20% | -2.08% | -5.77% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 1.09% | -1.88% | -7.86% | |
| 9 | DIS | Walt Disney Co/the | Stock-Comm Services | 1.02% | -1.80% | -6.74% | |
| 10 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.96% | -1.62% | -7.43% | |
| 11 | BAC | Bank Of America CORP | Stock-Financials | 0.95% | -1.41% | -4.99% | |
| 12 | CVX | Chevron CORP | Stock-Energy | 0.94% | -1.79% | -2.96% | |
| 13 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.94% | -1.61% | -5.64% | |
| 14 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.93% | -1.46% | -6.52% | |
| 15 | MCHP | Microchip Technology Inc | Stock-Tech | 0.83% | -1.40% | -5.72% | |
| 16 | KLAC | Kla CORP | Stock-Tech | 0.81% | -1.40% | -6.80% | |
| 17 | ADP | Automatic Data Processing | Stock-Tech | 0.75% | — | -5.12% | |
| 18 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.73% | -1.29% | -6.01% | |
| 19 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.73% | -1.21% | -5.12% | |
| 20 | JKHY | Jack Henry & Associates Inc | Stock-Tech | 0.68% | -1.31% | -2.33% | |
| 21 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.68% | -1.35% | -5.46% | |
| 22 | GILD | Gilead Sciences Inc | Stock-Healthcare | 0.66% | -1.28% | -5.64% | |
| 23 | ENR | Energizer Holdings Inc | Stock-Other | 0.65% | -1.06% | -5.74% | |
| 24 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.65% | -1.16% | -6.92% | |
| 25 | UTXZ | United Tech CORP | Stock-Other | 0.62% | -1.09% | -6.04% | |
| 26 | ITT | Itt Inc | Stock-Industrials | 0.62% | -0.93% | -6.34% | |
| 27 | CB | Chubb Limited | Stock-Financials | 0.59% | -1.25% | -5.67% | |
| 28 | DFSEUR | Discover Financial Services | Stock-Other | 0.58% | — | -5.66% | |
| 29 | CSCO | Cisco Systems Inc | Stock-Tech | 0.57% | -1.17% | -4.22% | |
| 30 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.57% | — | -7.49% | |
| 31 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 0.53% | — | -7.91% | |
| 32 | ABT | Abbott Laboratories | Stock-Healthcare | 0.53% | — | -4.73% | |
| 33 | INTC | Intel CORP | Stock-Tech | 0.51% | -0.82% | -5.21% | |
| 34 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.51% | -0.88% | -6.06% | |
| 35 | CMI | Cummins Inc | Stock-Industrials | 0.46% | -0.80% | -5.58% | |
| 36 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.46% | -0.94% | -6.57% | |
| 37 | KMB | Kimberly-clark CORP | Stock-Consumer Staples | 0.38% | -0.81% | -5.24% | |
| 38 | OBK | Origin Bancorp Inc | Stock-Other | 0.35% | -0.54% | — | |
| 39 | ECL | Ecolab Inc | Stock-Materials | 0.32% | -0.68% | -5.40% | |
| 40 | AMT | American Tower CORP | Stock-Real Estate | 0.32% | — | -5.84% | |
| 41 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.32% | -0.53% | -5.69% | |
| 42 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.32% | -0.51% | +0.97% | |
| 43 | BEN | Franklin Resources Inc | Stock-Financials | 0.27% | -0.63% | -3.91% | |
| 44 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.20% | — | -7.68% | |
| 45 | SHW | Sherwin-williams Co/the | Stock-Materials | 0.15% | — | -5.91% | |
| 46 | WBA | Walgreens Boots Alliance Inc | Stock-Other | 0.13% | — | — | |
| 47 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.12% | — | -2.24% | |
| 48 | AAPL | Apple Inc | Stock-Tech | 0.12% | -0.27% | -32.91% | |
| 49 | CAT | Caterpillar Inc | Stock-Industrials | 0.11% | -0.16% | — | |
| 50 | IBM | Intl Business Machines CORP | Stock-Tech | 0.11% | -0.24% | -4.65% |
1–50 of 96
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Landmark Bank's most significant position changes for 2019-12-31: New buy: Simmons First Natl Corp-cl A (SFNC); New buy: Royal Caribbean Cruises Ltd. (RCL); New buy: Cvs Health CORP (CVS); New buy: Bristol-myers Squibb Co (BMY); Sold out: State Street Spdr S&p Midcap (MDY).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMGN | Amgen Inc | -0.1% | -1.32% | Trim |
| 2 | MO | Altria Group Inc | -0.1% | -1.48% | Trim |
| 3 | LLY | Eli Lilly & Co | -0.1% | -0.78% | Trim |
| 4 | WRKUSD | Westrock Co | -0.1% | -1.24% | Trim |
| 5 | ABBV | Abbvie Inc | -0.2% | -0.56% | Trim |
| 6 | ICF | Ishares Select U.s. Reit ETF | -0.2% | -25.77% | Trim |
| 7 | CAT | Caterpillar Inc | -0.2% | — | Unchanged |
| 8 | IBM | Intl Business Machines CORP | -0.2% | -4.65% | Trim |
| 9 | AAPL | Apple Inc | -0.3% | -32.91% | Trim |
| 10 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.5% | +0.97% | Add |
| 11 | RIO | Rio Tinto Plc-spon Adr | -0.5% | -5.69% | Trim |
| 12 | OBK | Origin Bancorp Inc | -0.5% | — | Unchanged |
| 13 | BEN | Franklin Resources Inc | -0.6% | -3.91% | Trim |
| 14 | ECL | Ecolab Inc | -0.7% | -5.40% | Trim |
| 15 | CMI | Cummins Inc | -0.8% | -5.58% | Trim |
| 16 | KMB | Kimberly-clark CORP | -0.8% | -5.24% | Trim |
| 17 | INTC | Intel CORP | -0.8% | -5.21% | Trim |
| 18 | GS | Goldman Sachs Group Inc | -0.9% | -6.06% | Trim |
| 19 | ITT | Itt Inc | -0.9% | -6.34% | Trim |
| 20 | MPC | Marathon Petroleum CORP | -0.9% | -6.57% | Trim |
| 21 | ENR | Energizer Holdings Inc | -1.1% | -5.74% | Trim |
| 22 | UTXZ | United Tech CORP | -1.1% | -6.04% | Trim |
| 23 | GOOGL | Alphabet Inc-cl A | -1.2% | -6.92% | Trim |
| 24 | CSCO | Cisco Systems Inc | -1.2% | -4.22% | Trim |
| 25 | JNJ | Johnson & Johnson | -1.2% | -5.12% | Trim |
| 26 | CB | Chubb Limited | -1.3% | -5.67% | Trim |
| 27 | GILD | Gilead Sciences Inc | -1.3% | -5.64% | Trim |
| 28 | TJX | Tjx Companies Inc | -1.3% | -6.01% | Trim |
| 29 | JKHY | Jack Henry & Associates Inc | -1.3% | -2.33% | Trim |
| 30 | PG | Procter & Gamble Co/the | -1.4% | -5.46% | Trim |
| 31 | MCHP | Microchip Technology Inc | -1.4% | -5.72% | Trim |
| 32 | KLAC | Kla CORP | -1.4% | -6.80% | Trim |
| 33 | BAC | Bank Of America CORP | -1.4% | -4.99% | Trim |
| 34 | JPM | Jpmorgan Chase & Co | -1.5% | -6.52% | Trim |
| 35 | TMO | Thermo Fisher Scientific Inc | -1.6% | -5.64% | Trim |
| 36 | META | Meta Platforms Inc-class A | -1.6% | -7.43% | Trim |
| 37 | CVX | Chevron CORP | -1.8% | -2.96% | Trim |
| 38 | DIS | Walt Disney Co/the | -1.8% | -6.74% | Trim |
| 39 | MSFT | Microsoft CORP | -1.9% | -7.86% | Trim |
| 40 | VWO | Vanguard Ftse Emerging Marke | -2.1% | -5.77% | Trim |
| 41 | GWX | State Street Spdr S&p Intern | -2.4% | -5.24% | Trim |
| 42 | WMT | Walmart Inc | -2.5% | -5.11% | Trim |
| 43 | HD | Home Depot Inc | -2.7% | -5.76% | Trim |
| 44 | VEA | Vanguard Ftse Developed ETF | -2.7% | -5.66% | Trim |
| 45 | VNQ | Vanguard Real Estate ETF | -4% | -3.65% | Trim |
| 46 | SFNC | Simmons First Natl Corp-cl A | — | NEW | New buy |
| 47 | RCL | Royal Caribbean Cruises Ltd. | — | NEW | New buy |
| 48 | CVS | Cvs Health CORP | — | NEW | New buy |
| 49 | BMY | Bristol-myers Squibb Co | — | NEW | New buy |
| 50 | MDY | State Street Spdr S&p Midcap | — | EXIT | Sold out |
Filing History
FAQ
What is Landmark Bank and what type of investor is it?
Landmark Bank 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 (2019-12-31), the firm manages a tracked equity portfolio valued at approximately $444.2M, spread across 177 disclosed positions.
What are Landmark Bank's largest equity positions?
Based on the latest 13F filing, Landmark Bank's top holdings by market value are:
1. Simmons First Natl Corp-cl A (SFNC) — $286.3M (64.5%)
2. Vanguard Real Estate ETF (VNQ) — $9.1M (2.0%)
3. Vanguard Ftse Developed ETF (VEA) — $6.7M (1.5%)
4. State Street Spdr S&p Intern (GWX) — $6.0M (1.4%)
5. Walmart Inc (WMT) — $5.4M (1.2%)
What changes did Landmark Bank make in its most recent portfolio filing?
In the latest reported quarter, Landmark Bank made 48 notable position adjustments: 4 new positions were initiated, 1 existing holdings were added to, 42 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Simmons First Natl Corp-cl A (SFNC); New buy: Royal Caribbean Cruises Ltd. (RCL); New buy: Cvs Health CORP (CVS); New buy: Bristol-myers Squibb Co (BMY); Sold out: State Street Spdr S&p Midcap (MDY)
What sectors does Landmark Bank focus on?
Landmark Bank is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 19.1%
• Financials: 17.1%
• Communication Services: 15.6%
• Information Technology: 14.1%
• Consumer Discretionary: 11.7%
• Consumer Staples: 11.4%
Investment Profile
Landmark Bank's portfolio is concentrated and fast-trading.
Its concentration score has risen from 9 to 100 over the past 4 quarters — a shift toward higher-conviction positions.
It has added to its KLAC position over the past two quarters (+$1.0M, now $3.6M), while trimming CSCO over the same stretch (-$464.0K, still holding $2.5M).
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