Gratus Capital, LLC

ATLANTA, GA · CIK 1652103 · 13F filing filed 2023-08-03

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.

$1.4bn reported value +11.3% vs Q1 2023

226positions

34.1%in top 10

37 new 76 added 83 reduced 23 sold out vs Q1 2023

Options: 0 call positions (— notional), 11 put positions ($17.4m notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

Aurora Investment Counsel – files its own report too; $11.6m of shares are in both

Shares in two reports are counted once in each security's totals.

Holdings, Q2 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	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	395,724	$112.0m7.73%	7.73%	Added +20.0k	+19,992 5.3%
2	ISHARES TR CORE MSCI EAFE IEFA	IEFA	1,169,454	$78.9m5.45%	5.45%	Added +68.6k	+68,600 6.2%
3	ISHARES TR CORE DIV GRWTH DGRO	DGRO	1,274,217	$65.7m4.53%	4.53%	Added +4	+4 0.0%
4	ANGEL OAK FUNDS TRUST OAK ULTRASHORT UYLD	UYLD	1,130,999	$57.0m3.94%	3.94%	Added +617.2k	+617,185 120.1%
5	NVIDIA CORPORATION COM NVDA	NVDA	117,534	$49.7m3.43%	3.43%	Added +692	+692 0.6%
6	INVESCO ACTIVELY MANAGED EXC ULTRA SHRT DUR GSY	GSY	596,431	$29.6m2.04%	2.04%	Reduced -467.7k	-467,697 -44.0%
7	VANGUARD ADMIRAL FDS INC MIDCP 400 IDX IVOO	IVOO	321,959	$28.5m1.97%	1.97%	Added +12.2k	+12,169 3.9%
8	COSTCO WHSL CORP NEW COM COST	COST	47,134	$25.4m1.75%	1.75%	Reduced -1.1k	-1,091 -2.3%
9	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	56,128	$24.9m1.72%	1.72%	Added +33.6k	+33,603 149.2%
10	MICROSOFT CORP COM MSFT	MSFT	66,931	$22.8m1.57%	1.57%	Reduced -850	-850 -1.2%
11	ALPHABET INC CAP STK CL A GOOGL	GOOGL	186,934	$22.4m1.55%	1.55%	Added +21.9k	+21,892 13.3%
12	WALMART INC COM WMT	WMT	142,148	$22.3m1.54%	1.54%	Added +29.3k	+29,310 26.0%
13	APPLE INC COM AAPL	AAPL	113,892	$22.1m1.53%	1.53%	Added +28.9k	+28,869 34.0%
14	JPMORGAN CHASE & CO COM JPM	JPM	151,403	$22.0m1.52%	1.52%	Added +2.3k	+2,311 1.6%
15	RTX CORPORATION COM RTX	RTX	224,631	$22.0m1.52%	1.52%	Added +4.9k	+4,899 2.2%
16	JOHNSON & JOHNSON COM JNJ	JNJ	130,676	$21.6m1.49%	1.49%	Added +20.0k	+20,013 18.1%
17	BROADCOM INC COM AVGO	AVGO	22,468	$19.5m1.35%	1.35%	Reduced -9.4k	-9,390 -29.5%
18	WILLIAMS COS INC COM WMB	WMB	590,074	$19.3m1.33%	1.33%	Added +10.9k	+10,944 1.9%
19	LOCKHEED MARTIN CORP COM LMT	LMT	41,583	$19.1m1.32%	1.32%	Added +931	+931 2.3%
20	ADVANCED MICRO DEVICES INC COM AMD	AMD	166,016	$18.9m1.31%	1.31%	Added +44.6k	+44,589 36.7%
21	EOG RES INC COM EOG	EOG	154,485	$17.7m1.22%	1.22%	Added +2.0k	+2,025 1.3%
22	ENBRIDGE INC COM ENB	ENB	464,254	$17.2m1.19%	1.19%	New
23	PHILLIPS 66 COM PSX	PSX	178,285	$17.0m1.17%	1.17%	Added +4.6k	+4,580 2.6%
24	UBER TECHNOLOGIES INC COM UBER	UBER	385,413	$16.6m1.15%	1.15%	Added +34.5k	+34,537 9.8%
25	IQVIA HLDGS INC COM IQV	IQV	69,595	$15.6m1.08%	1.08%	Reduced -21.7k	-21,744 -23.8%
26	CME GROUP INC COM CME	CME	83,761	$15.5m1.07%	1.07%	Added +1.7k	+1,745 2.1%
27	J P MORGAN EXCHANGE TRADED F CORE PLUS BD ETF JCPB	JCPB	331,208	$15.4m1.07%	1.07%	Added +7.3k	+7,349 2.3%
28	REPUBLIC SVCS INC COM RSG	RSG	100,288	$15.4m1.06%	1.06%	Added +2.2k	+2,250 2.3%
29	KLA CORP COM NEW KLAC	KLAC	31,008	$15.0m1.04%	1.04%	Reduced -19.3k	-19,302 -38.4%
30	EQT CORP COM EQT	EQT	364,496	$15.0m1.04%	1.04%	Added +4.9k	+4,866 1.4%
31	FIDELITY MERRIMACK STR TR TOTAL BD ETF FBND	FBND	327,969	$14.9m1.03%	1.03%	Reduced -6.3k	-6,315 -1.9%
32	INTUIT COM INTU	INTU	31,846	$14.6m1.01%	1.01%	Added +511	+511 1.6%
33	AGCO CORP COM AGCO	AGCO	110,161	$14.5m1.00%	1.00%	Added +2.5k	+2,516 2.3%
34	DIGITAL RLTY TR INC COM DLR	DLR	126,895	$14.4m1.00%	1.00%	New
35	VIRTU FINL INC CL A VIRT	VIRT	788,612	$13.5m0.93%	0.93%	Added +17.7k	+17,728 2.3%
36	DUKE ENERGY CORP NEW COM NEW DUK	DUK	147,166	$13.2m0.91%	0.91%	Added +3.8k	+3,840 2.7%
37	GLOBALFOUNDRIES INC ORDINARY SHARES GFS	GFS	193,778	$12.5m0.86%	0.86%	Added +4.4k	+4,449 2.4%
38	STAR BULK CARRIERS CORP. SHS PAR SBLK	SBLK	697,065	$12.3m0.85%	0.85%	Added +13.2k	+13,163 1.9%
39	PFIZER INC COM PFE	PFE	336,059	$12.3m0.85%	0.85%	Added +12.5k	+12,548 3.9%
40	DTE ENERGY CO COM DTE	DTE	110,739	$12.2m0.84%	0.84%	Added +2.3k	+2,284 2.1%
41	SNOWFLAKE INC CL A SNOW	SNOW	66,115	$11.6m0.80%	0.80%	Added +1.4k	+1,387 2.1%
42	LAM RESEARCH CORP COM COM		18,078	$11.6m0.80%	0.80%	Reduced -368	-368 -2.0%
43	EAGLE BULK SHIPPING INC COM EGLE	EGLE	240,888	$11.6m0.80%	0.80%	Added +4.9k	+4,930 2.1%
44	DT MIDSTREAM INC COMMON STOCK DTM	DTM	225,666	$11.2m0.77%	0.77%	Added +4.4k	+4,416 2.0%
45	HARTFORD FDS EXCHANGE TRADED MUN OPORTUNITE HMOP	HMOP	290,047	$11.0m0.76%	0.76%	Added +13.2k	+13,204 4.8%
46	BJS WHSL CLUB HLDGS INC COM BJ	BJ	174,224	$11.0m0.76%	0.76%	Reduced -31.5k	-31,503 -15.3%
47	COTERRA ENERGY INC COM CTRA	CTRA	426,635	$10.8m0.75%	0.75%	Added +5.4k	+5,404 1.3%
48	GITLAB INC CLASS A COM GTLB	GTLB	207,658	$10.6m0.73%	0.73%	Reduced -194.9k	-194,877 -48.4%
49	AMGEN INC COM AMGN	AMGN	46,022	$10.2m0.71%	0.71%	Added +1.1k	+1,099 2.5%
50	MARVELL TECHNOLOGY INC COM MRVL	MRVL	167,688	$10.0m0.69%	0.69%	New
51	ISHARES TR EAFE GRWTH ETF EFG	EFG	103,555	$9.9m0.68%	0.68%	Added +6.2k	+6,172 6.3%
52	SCHWAB STRATEGIC TR FUNDAMENTAL INTL FNDF	FNDF	299,853	$9.7m0.67%	0.67%	Added +15.2k	+15,170 5.3%
53	CROWN CASTLE INC COM CCI	CCI	83,100	$9.5m0.65%	0.65%	Added +1.2k	+1,238 1.5%
54	HOME DEPOT INC COM HD	HD	29,799	$9.3m0.64%	0.64%	Reduced -3.8k	-3,820 -11.4%
55	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	25,740	$8.8m0.61%	0.61%	Added +797	+797 3.2%
56	AMAZON COM INC COM AMZN	AMZN	66,823	$8.7m0.60%	0.60%	Added +3.7k	+3,676 5.8%
57	AMERICAN TOWER CORP NEW COM AMT	AMT	41,682	$8.1m0.56%	0.56%	Added +1.2k	+1,219 3.0%
58	HASHICORP INC COM CL A HCP	HCP	308,169	$8.1m0.56%	0.56%	Added +86.6k	+86,556 39.1%
59	NETFLIX INC COM NFLX	NFLX	17,560	$7.7m0.53%	0.53%	Reduced -148	-148 -0.8%
60	DIAMONDBACK ENERGY INC COM FANG	FANG	57,618	$7.6m0.52%	0.52%	Added +1.1k	+1,122 2.0%
61	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	48,363	$7.1m0.49%	0.49%	Added +1.2k	+1,217 2.6%
62	APTIV PLC SHS 99911EUR	99911EUR	67,870	$6.9m0.48%	0.48%	New
63	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	136,582	$6.9m0.47%	0.47%	Added +94.3k	+94,323 223.2%
64	CBOE GLOBAL MKTS INC COM CBOE	CBOE	48,220	$6.7m0.46%	0.46%	New
65	GENCO SHIPPING & TRADING LTD SHS GNK	GNK	460,906	$6.5m0.45%	0.45%	Added +8.6k	+8,599 1.9%
66	ZSCALER INC COM ZS	ZS	42,803	$6.3m0.43%	0.43%	Added +1.5k	+1,455 3.5%
67	ISHARES TR RUS 1000 GRW ETF IWF	IWF	22,737	$6.3m0.43%	0.43%	Reduced -178	-178 -0.8%
68	OKTA INC CL A OKTA	OKTA	88,644	$6.1m0.42%	0.42%	Reduced -26.5k	-26,489 -23.0%
69	TESLA INC COM TSLA	TSLA	23,423	$6.1m0.42%	0.42%	Added +6.9k	+6,917 41.9%
70	PROTAGONIST THERAPEUTICS INC COM PTGX	PTGX	219,586	$6.1m0.42%	0.42%	Added +7.9k	+7,855 3.7%
71	VANGUARD WORLD FD INF TECH ETF VGT	VGT	13,148	$5.8m0.40%	0.40%	New
72	COUCHBASE INC COM BASE	BASE	359,999	$5.7m0.39%	0.39%	New
73	META PLATFORMS INC CL A META	META	17,966	$5.2m0.36%	0.36%	Reduced -1.5k	-1,521 -7.8%
74	TARGET CORP COM TGT	TGT	37,243	$4.9m0.34%	0.34%	Reduced -36.6k	-36,632 -49.6%
75	GRACO INC COM GGG	GGG	53,576	$4.6m0.32%	0.32%	Reduced -370	-370 -0.7%
76	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	14,817	$4.4m0.30%	0.30%	Unchanged
77	ALPHABET INC CAP STK CL C GOOG	GOOG	35,357	$4.3m0.30%	0.30%	Reduced -4.9k	-4,914 -12.2%
78	SPDR INDEX SHS FDS S&P NORTH AMER NANR	NANR	82,812	$4.3m0.29%	0.29%	Reduced -259.9k	-259,926 -75.8%
79	IMMUNIC INC COM COM		1,678,793	$4.2m0.29%	0.29%	Added +23.4k	+23,388 1.4%
80	EATON CORP PLC SHS ETN	ETN	19,673	$4.0m0.27%	0.27%	Added +65	+65 0.3%
81	ILLINOIS TOOL WKS INC COM ITW	ITW	15,421	$3.9m0.27%	0.27%	Reduced -53	-53 -0.3%
82	AON PLC SHS CL A AON	AON	9,590	$3.3m0.23%	0.23%	Reduced -91	-91 -0.9%
83	UNITEDHEALTH GROUP INC COM UNH	UNH	6,667	$3.2m0.22%	0.22%	Reduced -135	-135 -2.0%
84	SCHWAB STRATEGIC TR FUNDAMENTAL US L FNDX	FNDX	55,149	$3.2m0.22%	0.22%	Reduced -4.8k	-4,831 -8.1%
85	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	37,074	$3.1m0.21%	0.21%	New
86	IDEXX LABS INC COM IDXX	IDXX	5,852	$2.9m0.20%	0.20%	Reduced -1.3k	-1,290 -18.1%
87	LOWES COS INC COM LOW	LOW	12,915	$2.9m0.20%	0.20%	Reduced -663	-663 -4.9%
88	SERVISFIRST BANCSHARES INC COM SFBS	SFBS	70,000	$2.9m0.20%	0.20%	Unchanged
89	HUMANA INC COM HUM	HUM	6,275	$2.8m0.19%	0.19%	New
90	TERADYNE INC COM TER	TER	25,130	$2.8m0.19%	0.19%	New
91	COCA COLA CONS INC COM COKE	COKE	4,334	$2.8m0.19%	0.19%	Added +8	+8 0.2%
92	MCDONALDS CORP COM MCD	MCD	8,898	$2.7m0.18%	0.18%	Added +240	+240 2.8%
93	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	18,638	$2.6m0.18%	0.18%	Reduced -69	-69 -0.4%
94	NOVO-NORDISK A S ADR NVO	NVO	15,909	$2.6m0.18%	0.18%	Unchanged
95	HP INC COM HPQ	HPQ	78,919	$2.4m0.17%	0.17%	Added +528	+528 0.7%
96	COCA COLA CO COM KO	KO	39,940	$2.4m0.17%	0.17%	Reduced -3.7k	-3,676 -8.4%
97	VALUED ADVISERS TR KOVITZ CORE EQT EQTY	EQTY	123,026	$2.3m0.16%	0.16%	Reduced -692	-692 -0.6%
98	AMARIN CORP PLC SPONS ADR NEW SPONS ADR NEW		1,849,788	$2.2m0.15%	0.15%	Added +36.4k	+36,419 2.0%
99	ISHARES TR MSCI INDIA ETF INDA	INDA	50,000	$2.2m0.15%	0.15%	New
100	BECTON DICKINSON & CO COM BDX	BDX	8,177	$2.2m0.15%	0.15%	Reduced -47	-47 -0.6%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
PALO ALTO NETWORKS INC PANW	PANW	46,748	$9.3m46.7k shares
UNION PAC CORP UNP	UNP	34,502	$6.9m34.5k shares
CHIPOTLE MEXICAN GRILL INC CMG	CMG	616	$1.1m616 shares
VANGUARD INDEX FDS VOO	VOO	1,961	$737.6k2.0k shares
AFLAC INC AFL	AFL	10,777	$695.3k10.8k shares
ROPER TECHNOLOGIES INC ROP	ROP	1,313	$578.6k1.3k shares
MASTERCARD INCORPORATED MA	MA	957	$347.7k957 shares
DISNEY WALT CO DIS	DIS	3,319	$332.3k3.3k shares
VERIZON COMMUNICATIONS INC VZ	VZ	7,527	$292.7k7.5k shares
FRANCO NEV CORP FNV	FNV	2,000	$291.6k2.0k shares
BOOKING HOLDINGS INC BKNG	BKNG	107	$282.9k107 shares
VANGUARD MALVERN FDS VTIP	VTIP	5,258	$251.4k5.3k shares
SPDR SER TR SDY	SDY	1,895	$234.4k1.9k shares
VISA INC V	V	1,014	$228.6k1.0k shares
CONOCOPHILLIPS COP	COP	2,274	$225.6k2.3k shares
CABOT CORP CBT	CBT	2,848	$218.3k2.8k shares
ALIBABA GROUP HLDG LTD BABA	BABA	2,099	$214.5k2.1k shares
SALESFORCE INC CRM	CRM	1,058	$211.4k1.1k shares
SCHWAB STRATEGIC TR SCHP	SCHP	3,823	$205.0k3.8k shares
HONEYWELL INTL INC		1,056	$201.8k1.1k shares
TILRAY BRANDS INC		79,507	$201.2k79.5k shares
CARNIVAL CORP		10,000	$101.5k10.0k shares
MIMEDX GROUP INC MDXG	MDXG	19,525	$66.6k19.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
JOHNSON & JOHNSON JNJ · Put	JNJ	Put	18,100	$3.0m18.1k shares	New
IDEXX LABS INC IDXX · Put	IDXX	Put	5,800	$2.9m5.8k shares	New
HP INC HPQ · Put	HPQ	Put	78,300	$2.4m78.3k shares	Unchanged
APPLE INC AAPL · Put	AAPL	Put	10,700	$2.1m10.7k shares	New
AMAZON COM INC AMZN · Put	AMZN	Put	15,800	$2.1m15.8k shares	Unchanged
HEWLETT PACKARD ENTERPRISE C HPE · Put	HPE	Put	73,500	$1.2m73.5k shares	Reduced
NORFOLK SOUTHN CORP NSC · Put	NSC	Put	5,400	$1.2m5.4k shares	New
AGILENT TECHNOLOGIES INC A · Put	A	Put	9,100	$1.1m9.1k shares	Unchanged
KEYSIGHT TECHNOLOGIES INC KEYS · Put	KEYS	Put	4,500	$753.5k4.5k shares	Unchanged
UNITEDHEALTH GROUP INC UNH · Put	UNH	Put	900	$432.6k900 shares	Reduced
ABBOTT LABS ABT · Put	ABT	Put	2,400	$261.6k2.4k shares	Unchanged