Managers / Q3 2022
WESTERN FINANCIAL Corp
CIK 0000106077 · 600 "B" STREET STE. 2204, SAN DIEGO, CA, 92101-4507 · 619-544-0260
Summary
Western Financial Corp reported $143M in U.S.-listed holdings across 93 positions for Q3 2022.
The portfolio is heavily concentrated: EFSC alone accounts for 25.5% of reported value.
Compared with Q2 2022, the fund opened 14 new positions and exited 13.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 84.6% · $121M
- ETP · 14.0% · $20M
- Other · 0.9% · $1M
- REIT · 0.4% · $603,000
Quarter-over-Quarter Changes full breakdown →
vs Q2 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CTVACORTEVA INC | NEW | +13.1K | 13.1K | +$750,000 | $750,000 |
| NOCNORTHROP GRUMMAN CORP | NEW | +1.5K | 1.5K | +$728,000 | $728,000 |
| DVNDEVON ENERGY CORP NEW | NEW | +11.5K | 11.5K | +$690,000 | $690,000 |
| ALBALBEMARLE CORP | NEW | +2.6K | 2.6K | +$676,000 | $676,000 |
| DGDOLLAR GEN CORP NEW | NEW | +2.8K | 2.8K | +$661,000 | $661,000 |
| CDNSCADENCE DESIGN SYSTEM INC | NEW | +3.8K | 3.8K | +$616,000 | $616,000 |
| CNCCENTENE CORP DEL | NEW | +7.8K | 7.8K | +$609,000 | $609,000 |
| LNGCHENIERE ENERGY INC | NEW | +3.7K | 3.7K | +$606,000 | $606,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | EFSCENTERPRISE FINL SVCS CORPhistory → | COM | 25.51% | $36M | 828.4K |
| 2 | ARWRARROWHEAD PHARMACEUTICALS INhistory → | COM | 18.96% | $27M | 820.3K |
| 3 | ISHARES TR | US TREAS BD ETF · 0-5YR HI YL CP · TIPS BD ETF · ESG AWR MSCI USA · MBS ETF · FALN ANGLS USD · CORE TOTAL USD | 9.48% | $14M | 407.7K |
| 4 | WFCWELLS FARGO CO NEWhistory → | COM | 2.57% | $4M | 91.5K |
| 5 | PACWUSDPACWEST BANCORP DELhistory → | COM | 1.63% | $2M | 102.8K |
| 6 | AAPLAPPLE INChistory → | COM | 1.28% | $2M | 13.3K |
| 7 | SPDR SER TR | PORTFOLIO S&P500 | 1.18% | $2M | 40.2K |
| 8 | COSTCOSTCO WHSL CORP NEWhistory → | COM | 1.09% | $2M | 3.3K |
| 9 | MSFTMICROSOFT CORPhistory → | COM | 1.02% | $1M | 6.2K |
| 10 | HDHOME DEPOT INC | COM | 0.98% | $1M | 5.1K |
| 11 | DHRDANAHER CORPORATION | COM | 0.96% | $1M | 5.3K |
| 12 | SNPSSYNOPSYS INC | COM | 0.94% | $1M | 4.4K |
| 13 | AVGOBROADCOM INC | COM | 0.89% | $1M | 2.9K |
| 14 | PANWPALO ALTO NETWORKS INC | COM | 0.89% | $1M | 7.8K |
| 15 | FANGDIAMONDBACK ENERGY INC | COM | 0.89% | $1M | 10.5K |
| 16 | GOOGLALPHABET INC | CAP STK CL A | 0.86% | $1M | 12.9K |
| 17 | AZOAUTOZONE INC | COM | 0.86% | $1M | 575 |
| 18 | PXDEURPIONEER NAT RES CO | COM | 0.85% | $1M | 5.6K |
| 19 | SCHWAB STRATEGIC TR | US AGGREGATE B | 0.78% | $1M | 24.5K |
| 20 | LLYLILLY ELI & CO | COM | 0.75% | $1M | 3.3K |
| 21 | PFEPFIZER INC | COM | 0.75% | $1M | 24.4K |
| 22 | UNHUNITEDHEALTH GROUP INC | COM | 0.72% | $1M | 2.0K |
| 23 | EXMOCEXXON MOBIL CORP | COM | 0.63% | $905,000 | 10.4K |
| 24 | COPCONOCOPHILLIPS | COM | 0.63% | $897,000 | 8.8K |
| 25 | JNJJOHNSON & JOHNSON | COM | 0.62% | $880,000 | 5.4K |
| 26 | MCKMCKESSON CORP | COM | 0.60% | $852,000 | 2.5K |
| 27 | ABBVABBVIE INC | COM | 0.60% | $851,000 | 6.3K |
| 28 | PEOEXELON CORP | COM | 0.59% | $845,000 | 22.5K |
| 29 | ADMARCHER DANIELS MIDLAND CO | COM | 0.59% | $843,000 | 10.5K |
| 30 | CTVACORTEVA INC | COM | 0.52% | $750,000 | 13.1K |
| 31 | ZTSZOETIS INC | CL A | 0.51% | $734,000 | 4.9K |
| 32 | ELVELEVANCE HEALTH INC | COM | 0.51% | $732,000 | 1.6K |
| 33 | NOCNORTHROP GRUMMAN CORP | COM | 0.51% | $728,000 | 1.5K |
| 34 | NEENEXTERA ENERGY INC | COM | 0.51% | $726,000 | 9.3K |
| 35 | HSYHERSHEY CO | COM | 0.49% | $705,000 | 3.2K |
| 36 | OXYOCCIDENTAL PETE CORP | COM | 0.49% | $700,000 | 11.4K |
| 37 | MPCMARATHON PETE CORP | COM | 0.49% | $700,000 | 7.0K |
| 38 | DVNDEVON ENERGY CORP NEW | COM | 0.48% | $690,000 | 11.5K |
| 39 | TSCOTRACTOR SUPPLY CO | COM | 0.47% | $678,000 | 3.6K |
| 40 | ALBALBEMARLE CORP | COM | 0.47% | $676,000 | 2.6K |
| 41 | UPSUNITED PARCEL SERVICE INC | CL B | 0.47% | $668,000 | 4.1K |
| 42 | REGNREGENERON PHARMACEUTICALS | COM | 0.46% | $663,000 | 963 |
| 43 | DGDOLLAR GEN CORP NEW | COM | 0.46% | $661,000 | 2.8K |
| 44 | ORLYOREILLY AUTOMOTIVE INC | COM | 0.46% | $654,000 | 930 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2022 | $143M | 93 | Nov 4, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $141M | 92 | Jul 22, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $172M | 92 | Apr 22, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $191M | 86 | Jan 19, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $169M | 88 | Oct 22, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $185M | 92 | Jul 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $164M | 85 | Apr 27, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $152M | 79 | Feb 3, 2021 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.