Avalon Investment & Advisory

HOUSTON, TX · CIK 1221362 · 13F filing filed 2023-05-15

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyHouston, TX

$3.7bn reported value +4.0% vs Q4 2022

309positions

24.0%in top 10

25 new 95 added 156 reduced 30 sold out vs Q4 2022

Holdings, Q1 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	LAM RESEARCH CORP COM COM		224,749	$119.1m3.26%	3.26%	Reduced -5.6k	-5,608 -2.4%
2	APPLE INC COM AAPL	AAPL	677,724	$111.8m3.06%	3.06%	Added +70.2k	+70,202 11.6%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	932,361	$96.7m2.65%	2.65%	Added +124.6k	+124,575 15.4%
4	MICROSOFT CORP COM MSFT	MSFT	326,786	$94.2m2.58%	2.58%	Added +52.7k	+52,655 19.2%
5	CHEVRON CORP NEW COM CVX	CVX	503,278	$82.1m2.25%	2.25%	Reduced -8.0k	-8,031 -1.6%
6	UNITEDHEALTH GROUP INC COM UNH	UNH	166,793	$78.8m2.16%	2.16%	Reduced -3.4k	-3,366 -2.0%
7	MERCK & CO INC COM MRK	MRK	736,753	$78.4m2.15%	2.15%	Reduced -19.6k	-19,639 -2.6%
8	TEXAS INSTRS INC COM TXN	TXN	408,096	$75.9m2.08%	2.08%	Reduced -9.0k	-9,041 -2.2%
9	CUMMINS INC COM CMI	CMI	294,169	$70.3m1.92%	1.92%	Reduced -97.0k	-96,994 -24.8%
10	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	223,023	$68.9m1.89%	1.89%	Added +49.2k	+49,179 28.3%
11	MORGAN STANLEY COM NEW MS	MS	761,727	$66.9m1.83%	1.83%	Reduced -22.9k	-22,927 -2.9%
12	PEPSICO INC COM PEP	PEP	351,477	$64.1m1.75%	1.75%	Reduced -1.9k	-1,871 -0.5%
13	VONTIER CORPORATION COM VNT	VNT	2,279,687	$62.3m1.71%	1.71%	Added +690.3k	+690,283 43.4%
14	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	150,627	$61.7m1.69%	1.69%	Reduced -1.1k	-1,051 -0.7%
15	CAL MAINE FOODS INC COM NEW CALM	CALM	810,594	$49.4m1.35%	1.35%	Reduced -21.6k	-21,564 -2.6%
16	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	171,947	$49.1m1.35%	1.35%	Reduced -3.4k	-3,386 -1.9%
17	PHILLIPS 66 COM PSX	PSX	482,214	$48.9m1.34%	1.34%	Reduced -21.2k	-21,202 -4.2%
18	JPMORGAN CHASE & CO COM JPM	JPM	370,219	$48.2m1.32%	1.32%	Reduced -18.4k	-18,405 -4.7%
19	PROCTER AND GAMBLE CO COM PG	PG	319,187	$47.5m1.30%	1.30%	Reduced -13.0k	-12,995 -3.9%
20	CARMAX INC COM KMX	KMX	731,690	$47.0m1.29%	1.29%	New
21	WELLS FARGO CO NEW COM WFC	WFC	1,253,050	$46.8m1.28%	1.28%	Reduced -31.7k	-31,677 -2.5%
22	BROOKFIELD CORP CL A LTD VT SH BN	BN	1,436,704	$46.8m1.28%	1.28%	Added +460.7k	+460,659 47.2%
23	LOCKHEED MARTIN CORP COM LMT	LMT	96,162	$45.5m1.24%	1.24%	Reduced -23.8k	-23,816 -19.9%
24	HOME DEPOT INC COM HD	HD	150,066	$44.3m1.21%	1.21%	Reduced -6.9k	-6,873 -4.4%
25	C H ROBINSON WORLDWIDE INC COM NEW CHRW	CHRW	440,740	$43.8m1.20%	1.20%	Reduced -11.9k	-11,859 -2.6%
26	EMERSON ELEC CO COM EMR	EMR	501,695	$43.7m1.20%	1.20%	Reduced -14.2k	-14,184 -2.8%
27	DISCOVER FINL SVCS COM DFS	DFS	434,066	$42.9m1.17%	1.17%	Reduced -13.5k	-13,535 -3.0%
28	UNITED PARCEL SERVICE INC CL B UPS	UPS	220,686	$42.8m1.17%	1.17%	Reduced -4.3k	-4,253 -1.9%
29	PRICE T ROWE GROUP INC COM TROW	TROW	374,421	$42.3m1.16%	1.16%	Reduced -7.9k	-7,900 -2.1%
30	ABBVIE INC COM ABBV	ABBV	248,957	$39.7m1.09%	1.09%	Reduced -5.2k	-5,233 -2.1%
31	AMAZON COM INC COM AMZN	AMZN	379,379	$39.2m1.07%	1.07%	Added +200.0k	+200,033 111.5%
32	SUNNOVA ENERGY INTL INC. COM NOVAQ	NOVAQ	2,269,347	$35.4m0.97%	0.97%	Unchanged
33	COCA COLA CO COM KO	KO	561,377	$34.8m0.95%	0.95%	Added +175.8k	+175,832 45.6%
34	TARGET CORP COM TGT	TGT	204,931	$33.9m0.93%	0.93%	Reduced -5.8k	-5,766 -2.7%
35	BROADCOM INC COM AVGO	AVGO	51,266	$32.9m0.90%	0.90%	Reduced -1.6k	-1,563 -3.0%
36	LINDE PLC SHS LIN	LIN	90,416	$32.1m0.88%	0.88%	New
37	JANUS DETROIT STR TR HENDERSON MTG JMBS	JMBS	668,860	$31.2m0.85%	0.85%	Added +120.6k	+120,565 22.0%
38	NVIDIA CORPORATION COM NVDA	NVDA	110,676	$30.7m0.84%	0.84%	Added +13.7k	+13,736 14.2%
39	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	424,938	$29.5m0.81%	0.81%	Reduced -10.9k	-10,883 -2.5%
40	EXXON MOBIL CORP COM XOM	XOM	230,155	$25.2m0.69%	0.69%	Added +150.5k	+150,470 188.8%
41	BANK AMERICA CORP COM BAC	BAC	879,474	$25.2m0.69%	0.69%	Reduced -276.2k	-276,163 -23.9%
42	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	53	$24.7m0.68%	0.68%	Unchanged
43	AMGEN INC COM AMGN	AMGN	102,009	$24.7m0.68%	0.68%	Added +6.8k	+6,783 7.1%
44	ISHARES TR MBS ETF MBB	MBB	256,687	$24.3m0.67%	0.67%	Added +50.6k	+50,584 24.5%
45	ISHARES TR CORE S&P500 ETF IVV	IVV	58,942	$24.2m0.66%	0.66%	Added +5.0k	+5,046 9.4%
46	FISERV INC COM FISV	FISV	213,326	$24.1m0.66%	0.66%	Reduced -2.3k	-2,328 -1.1%
47	PFIZER INC COM PFE	PFE	584,222	$23.8m0.65%	0.65%	Added +170.5k	+170,505 41.2%
48	VALERO ENERGY CORP COM VLO	VLO	161,979	$22.6m0.62%	0.62%	Reduced -3.5k	-3,544 -2.1%
49	ELI LILLY & CO COM LLY	LLY	62,151	$21.3m0.58%	0.58%	Reduced -1.5k	-1,543 -2.4%
50	GILEAD SCIENCES INC COM GILD	GILD	253,084	$21.0m0.57%	0.57%	Reduced -137.9k	-137,937 -35.3%
51	HONEYWELL INTL INC COM COM		109,499	$20.9m0.57%	0.57%	Reduced -56.1k	-56,135 -33.9%
52	DUKE ENERGY CORP NEW COM NEW DUK	DUK	209,927	$20.3m0.55%	0.55%	Reduced -3.6k	-3,616 -1.7%
53	SEMPRA COM SRE	SRE	131,201	$19.8m0.54%	0.54%	Reduced -1.7k	-1,728 -1.3%
54	IRON MTN INC DEL COM IRM	IRM	351,747	$18.6m0.51%	0.51%	Reduced -6.8k	-6,810 -1.9%
55	CONOCOPHILLIPS COM COP	COP	186,329	$18.5m0.51%	0.51%	Reduced -3.3k	-3,325 -1.8%
56	DANAHER CORPORATION COM DHR	DHR	72,063	$18.2m0.50%	0.50%	Reduced -3.7k	-3,680 -4.9%
57	NOVO-NORDISK A S ADR NVO	NVO	113,119	$18.0m0.49%	0.49%	Added +6.5k	+6,509 6.1%
58	UNION PAC CORP COM UNP	UNP	89,231	$18.0m0.49%	0.49%	Reduced -237	-237 -0.3%
59	META PLATFORMS INC CL A META	META	83,380	$17.7m0.48%	0.48%	Added +71.5k	+71,465 599.8%
60	PHILIP MORRIS INTL INC COM PM	PM	181,340	$17.6m0.48%	0.48%	Added +219	+219 0.1%
61	METLIFE INC COM MET	MET	299,616	$17.4m0.48%	0.48%	Added +1.1k	+1,065 0.4%
62	VISA INC COM CL A V	V	76,171	$17.2m0.47%	0.47%	Added +48.9k	+48,944 179.8%
63	CROWN CASTLE INC COM CCI	CCI	127,837	$17.1m0.47%	0.47%	Reduced -1.3k	-1,271 -1.0%
64	KIMBERLY-CLARK CORP COM KMB	KMB	126,402	$17.0m0.46%	0.46%	Reduced -2.5k	-2,464 -1.9%
65	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	29,028	$16.7m0.46%	0.46%	Reduced -922	-922 -3.1%
66	COTERRA ENERGY INC COM CTRA	CTRA	677,443	$16.6m0.46%	0.46%	Added +7.7k	+7,721 1.1%
67	BHP GROUP LTD SPONSORED ADS BHP	BHP	261,992	$16.6m0.45%	0.45%	Reduced -5.2k	-5,208 -1.9%
68	ADVANCED MICRO DEVICES INC COM AMD	AMD	169,030	$16.6m0.45%	0.45%	Added +16.1k	+16,068 10.5%
69	AMERICAN INTL GROUP INC COM NEW AIG	AIG	318,579	$16.0m0.44%	0.44%	Reduced -5.9k	-5,892 -1.8%
70	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	127,678	$16.0m0.44%	0.44%	Added +9.7k	+9,700 8.2%
71	JOHNSON & JOHNSON COM JNJ	JNJ	102,286	$15.9m0.43%	0.43%	Reduced -2.2k	-2,224 -2.1%
72	AIR PRODS & CHEMS INC COM APD	APD	54,817	$15.7m0.43%	0.43%	Added +6.6k	+6,602 13.7%
73	CVS HEALTH CORP COM CVS	CVS	210,163	$15.6m0.43%	0.43%	Added +908	+908 0.4%
74	MARTIN MARIETTA MATLS INC COM MLM	MLM	43,877	$15.6m0.43%	0.43%	Reduced -245	-245 -0.6%
75	RAYONIER INC COM RYN	RYN	468,391	$15.6m0.43%	0.43%	Reduced -18.7k	-18,671 -3.8%
76	SALESFORCE INC COM CRM	CRM	75,611	$15.1m0.41%	0.41%	Added +66.7k	+66,733 751.7%
77	SPDR GOLD TR GOLD SHS GLD	GLD	80,890	$14.8m0.41%	0.41%	Reduced -207	-207 -0.3%
78	CAMDEN PPTY TR SH BEN INT CPT	CPT	141,298	$14.8m0.41%	0.41%	Added +4.7k	+4,702 3.4%
79	ARISTA NETWORKS INC COM COM		85,556	$14.4m0.39%	0.39%	Reduced -719	-719 -0.8%
80	NEXTERA ENERGY PARTNERS LP COM UNIT PART IN XIFR	XIFR	234,254	$14.2m0.39%	0.39%	Reduced -2.8k	-2,789 -1.2%
81	CHUBB LIMITED COM CB	CB	73,078	$14.2m0.39%	0.39%	Reduced -3.0k	-3,024 -4.0%
82	KRAFT HEINZ CO COM KHC	KHC	364,296	$14.1m0.39%	0.39%	Reduced -26.7k	-26,726 -6.8%
83	AMERICAN EXPRESS CO COM AXP	AXP	85,091	$14.0m0.38%	0.38%	Reduced -2.6k	-2,585 -3.0%
84	ORACLE CORP COM ORCL	ORCL	146,785	$13.6m0.37%	0.37%	Reduced -145.3k	-145,315 -49.8%
85	TESLA INC COM TSLA	TSLA	65,291	$13.5m0.37%	0.37%	Added +56.6k	+56,606 651.8%
86	MCDONALDS CORP COM MCD	MCD	47,560	$13.3m0.36%	0.36%	Added +41.3k	+41,319 662.1%
87	MEDTRONIC PLC SHS MDT	MDT	160,295	$12.9m0.35%	0.35%	Added +133.0k	+133,039 488.1%
88	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	18,867	$12.8m0.35%	0.35%	Added +215	+215 1.1%
89	CISCO SYS INC COM CSCO	CSCO	242,851	$12.7m0.35%	0.35%	Reduced -4.3k	-4,344 -1.8%
90	T-MOBILE US INC COM TMUS	TMUS	87,149	$12.6m0.35%	0.35%	Reduced -116.9k	-116,885 -57.3%
91	MASTERCARD INCORPORATED CL A MA	MA	34,577	$12.6m0.34%	0.34%	Added +32.8k	+32,773 1816.7%
92	COSTCO WHSL CORP NEW COM COST	COST	24,911	$12.4m0.34%	0.34%	Added +21.9k	+21,863 717.3%
93	ICON PLC SHS ICLR	ICLR	57,090	$12.2m0.33%	0.33%	Reduced -225	-225 -0.4%
94	CATERPILLAR INC COM CAT	CAT	53,060	$12.1m0.33%	0.33%	Added +50.3k	+50,338 1849.3%
95	WALMART INC COM WMT	WMT	80,444	$11.9m0.32%	0.32%	Added +78.4k	+78,374 3786.2%
96	GENUINE PARTS CO COM GPC	GPC	70,049	$11.7m0.32%	0.32%	Reduced -57.2k	-57,202 -45.0%
97	DISNEY WALT CO COM DIS	DIS	116,536	$11.7m0.32%	0.32%	Added +108.1k	+108,112 1283.4%
98	DEERE & CO COM DE	DE	28,157	$11.6m0.32%	0.32%	New
99	REGENERON PHARMACEUTICALS COM REGN	REGN	13,831	$11.4m0.31%	0.31%	New
100	TJX COS INC NEW COM TJX	TJX	140,845	$11.0m0.30%	0.30%	New

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
SCHWAB CHARLES CORP SCHW	SCHW	356,462	$29.7m356.5k shares
LPL FINL HLDGS INC LPLA	LPLA	89,954	$19.4m90.0k shares
LINDE PLC 99952EUR	99952EUR	53,858	$17.6m53.9k shares
CONSTELLATION BRANDS INC STZ	STZ	66,604	$15.4m66.6k shares
WASTE MGMT INC DEL WM	WM	98,232	$15.4m98.2k shares
DOVER CORP DOV	DOV	99,788	$13.5m99.8k shares
ALBERTSONS COS INC ACI	ACI	617,616	$12.8m617.6k shares
ALBEMARLE CORP ALB	ALB	48,894	$10.6m48.9k shares
ZIFF DAVIS INC ZD	ZD	65,453	$5.2m65.5k shares
FOCUS FINL PARTNERS INC FOCS	FOCS	108,908	$4.1m108.9k shares
XPEL INC XPEL	XPEL	47,317	$2.8m47.3k shares
PREFERRED BK LOS ANGELES CA PFBC	PFBC	34,895	$2.6m34.9k shares
VANGUARD INDEX FDS VB	VB	6,683	$1.2m6.7k shares
ISHARES TR IGSB	IGSB	16,836	$839.0k16.8k shares
VANGUARD WORLD FD MGK	MGK	3,709	$638.0k3.7k shares
CABLE ONE INC CABO	CABO	889	$633.0k889 shares
US BANCORP DEL USB	USB	11,946	$521.0k11.9k shares
BANK MONTREAL QUE BMO	BMO	4,877	$442.0k4.9k shares
SELECT SECTOR SPDR TR XLRE	XLRE	7,376	$272.0k7.4k shares
HALOZYME THERAPEUTICS INC HALO	HALO	4,725	$269.0k4.7k shares
ROYAL BK CDA RY	RY	2,703	$254.0k2.7k shares
HELMERICH & PAYNE INC HP	HP	4,935	$245.0k4.9k shares
VISTEON CORP VC	VC	1,810	$237.0k1.8k shares
GLOBUS MED INC GMED	GMED	3,159	$235.0k3.2k shares
GOLDMAN SACHS GROUP INC GS	GS	634	$218.0k634 shares