Select Asset Management & Trust
Long book
$320.2M
Q1 2026
Positions
77
Top-10 weight
79%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsSelect Asset Management & Trust is a wealth-management firm allocating client money, running a $320.2M US long book across 77 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, SS SPDR DOW JONES INDUS AVG, VANGUARD DIVIDEND APPREC ETF, VANGUARD MEGA CAP VALUE ETF, EMCOR GROUP INC.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.6%
Q2 2024
+8.0%
Q3 2024
+0.4%
Q4 2024
-2.4%
Q1 2025
+8.6%
Q2 2025
+7.7%
Q3 2025
+2.4%
Q4 2025
-1.0%
Q1 2026
+11.4%
Sector allocation
Technology 26%
Industrials 24%
Financials 13%
Energy 10%
Consumer discretionary 9%
Healthcare 7%
Other 5%
Consumer staples 3%
Long book by quarter
What does Select Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| EME EMCOR GROUP INC | Industrials | 22.8K | $16.8M | 5.3% | Held |
| AAPL APPLE INC | Technology | 32.4K | $8.2M | 2.6% | -5.8% |
| XOM EXXON MOBIL CORP | Energy | 41.1K | $7.0M | 2.2% | -12.7% |
| MSFT MICROSOFT CORP | Technology | 15.6K | $5.8M | 1.8% | +70.6% |
| JPM JPMORGAN CHASE & CO | Financials | 14.2K | $4.2M | 1.3% | +7.5% |
| CSL CARLISLE COS INC | Other | 10.5K | $3.5M | 1.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 15.5K | $3.2M | 1.0% | +1.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 10.0K | $3.1M | 1.0% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 6.5K | $3.1M | 1.0% | +2.9% |
| GOOG ALPHABET INC-CL C | Technology | 5.8K | $1.7M | 0.5% | -6.4% |
| NVDA NVIDIA CORP | Technology | 8.7K | $1.5M | 0.5% | Held |
| ABBV ABBVIE INC | Healthcare | 6.5K | $1.4M | 0.4% | Held |
| PFE PFIZER INC | Healthcare | 36.2K | $1.0M | 0.3% | -0.4% |
| CVX CHEVRON CORP | Energy | 4.6K | $956K | 0.3% | Held |
| HSY HERSHEY CO/THE | Consumer staples | 4.4K | $915K | 0.3% | Held |
| UTZ UTZ BRANDS INC | Consumer staples | 110.5K | $875K | 0.3% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 1.4K | $803K | 0.3% | +1.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.3K | $803K | 0.3% | Held |
| BBT BEACON FINANCIAL CORP | Financials | 26.1K | $783K | 0.2% | Held |
| EHC ENCOMPASS HEALTH CORP | Healthcare | 7.4K | $715K | 0.2% | Held |
| MRK MERCK & CO. INC. | Healthcare | 5.9K | $707K | 0.2% | Held |
| FDX FEDEX CORP | Industrials | 1.8K | $634K | 0.2% | Held |
| MA MASTERCARD INC - A | Services media | 1.1K | $543K | 0.2% | +2.8% |
| GOOGL ALPHABET INC-CL A | Technology | 1.8K | $528K | 0.2% | +4.9% |
| ABT ABBOTT LABORATORIES | Healthcare | 5.1K | $524K | 0.2% | -1.9% |
| NFLX NETFLIX INC | Services media | 5.4K | $523K | 0.2% | +34.2% |
| BAC BANK OF AMERICA CORP | Financials | 10.2K | $497K | 0.2% | -1.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 2.8K | $460K | 0.1% | Held |
| BX BLACKSTONE INC | Financials | 3.5K | $404K | 0.1% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 4.3K | $398K | 0.1% | Held |
| C CITIGROUP INC | Financials | 3.3K | $371K | 0.1% | Held |
| HCA HCA HEALTHCARE INC | Healthcare | 723 | $342K | 0.1% | -58.6% |
| V VISA INC-CLASS A SHARES | Services media | 1.1K | $335K | 0.1% | +2.0% |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 4.1K | $332K | 0.1% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 975 | $321K | 0.1% | +0.6% |
| PAYC PAYCOM SOFTWARE INC | Technology | 2.5K | $304K | 0.1% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 502 | $303K | 0.1% | -32.3% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 1.0K | $290K | 0.1% | Held |
| MLM MARTIN MARIETTA MATERIALS | Materials | 484 | $285K | 0.1% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 3.8K | $275K | 0.1% | +1.4% |
| GS GOLDMAN SACHS GROUP INC | Financials | 308 | $261K | 0.1% | Held |
| INTU INTUIT INC | Technology | 600 | $259K | 0.1% | Held |
| SHOP SHOPIFY INC - CLASS A | Technology | 2.0K | $237K | 0.1% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 1.0K | $226K | 0.1% | New |
| CSCO CISCO SYSTEMS INC | Technology | 2.8K | $218K | 0.1% | +0.7% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.5K | $210K | 0.1% | Held |
| PPL PPL CORP | Utilities | 5.5K | $210K | 0.1% | -64.5% |
| UA UNDER ARMOUR INC-CLASS C | Other | 14.6K | $85K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 93 | $320.2M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 92 | $321.5M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 98 | $324.8M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 92 | $291.9M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 84 | $249.5M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 86 | $258.0M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 83 | $271.5M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 77 | $250.9M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 76 | $240.7M | $K fixed canonical | SEC ↗ |