SEC 13F Intelligence

Managers / Q4 2019 · view latest →

ARMSTRONG HENRY H ASSOCIATES INC

CIK 0001056827 · ONE GATEWAY CENTER, 420 FT. DUQUESNE BLVD. STE 1425, PITTSBURGH, PA, 15222 · 4124711551

Reported Value
$695M
Q4 2019
Positions
65
Filings on Record
34
2019–present window
Filed
Jan 29, 2020
original filing

Summary

Armstrong Henry H Associates Inc reported $695M in U.S.-listed holdings across 65 positions for Q4 2019.

The portfolio is heavily concentrated: MSFT alone accounts for 20.2% of reported value.

Compared with Q3 2019, the fund opened 14 new positions and exited 0.

Portfolio Metrics

Turnover
+0.1%
vs prior filed quarter
Top-10 Concentration
+86.4%
share of reported value
Largest Position
+20.2%
Microsoft

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

13F Reported Value
Q4 ’18: $609MQ4 ’18Q1 ’19: $648MQ2 ’19: $731MQ3 ’19: $610MQ4 ’19: $695MQ4 ’19Q1 ’20: $603MQ2 ’20: $668MQ3 ’20: $722MQ4 ’20: $759MQ4 ’20Q1 ’21: $812MQ2 ’21: $870MQ3 ’21: $864MQ4 ’21: $953MQ4 ’21Q1 ’22: $948MQ2 ’22: $793MQ3 ’22: $738MQ1 ’23: $821,249Q1 ’23Q3 ’23: $875MQ4 ’23: $941MQ1 ’24: $1.0BQ2 ’24: $2.0BQ2 ’24Q3 ’24: $1.0BQ4 ’24: $1.0BQ1 ’25: $1.0BQ2 ’25: $1.1BQ2 ’25Q3 ’25: $1.1BQ4 ’25: $1.1BQ1 ’26: $981MQ2 ’26: $1.0BQ2 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 95.5%Other: 4.0%Tracking Stk: 0.2%ETP: 0.2%ADR: 0.1%
  • Common Stock · 95.5% · $664M
  • Other · 4.0% · $28M
  • Tracking Stk · 0.2% · $2M
  • ETP · 0.2% · $1M
  • ADR · 0.1% · $619,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KMXCarmax Inc.NEW+30.6K30.6K+$3M$3M
HDHome DepotNEW+10.6K10.6K+$2M$2M
JECUSDJacobs Engineering GpNEW+17.9K17.9K+$2M$2M
FWONKUSDLiberty Media Corp Ser CNEW+34.0K34.0K+$2M$2M
METAFacebook, Inc.NEW+7.6K7.6K+$2M$2M
CACCCredit Acceptance CorpNEW+3.2K3.2K+$1M$1M
AMZNAmazon Com Inc.NEW+773773+$1M$1M
SCHWThe Charles Schwab CorpNEW+27.6K27.6K+$1M$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/ABerkshire HathawayCommon30.05%$209M353.7K
2MSFTMicrosofthistory →Common20.23%$141M891.0K
3JNJJohnson & Johnsonhistory →Common9.04%$63M430.3K
4PGProcter & Gamblehistory →Common7.35%$51M408.5K
5DUTMoody's Corphistory →Common6.59%$46M192.8K
6INTCIntel Corphistory →Common4.45%$31M516.6K
7Medtronic PLCCommon3.53%$24M215.9K
8WBAWalgreen Boots Alliancehistory →Common3.34%$23M392.9K
9KOCoca-Cola Cohistory →Common1.84%$13M230.9K
10APDAir Products & Chemicalshistory →Common1.26%$9M37.3K
11GOOGAlphabet Inc Cl CCommon1.13%$8M5.9K
12UNPUnion Pacific Corphistory →Common1.07%$7M41.0K
13AAPLApple ComputerCommon0.69%$5M16.4K
14MCXMcCormick & CoCommon0.62%$4M25.2K
15W3UWestern UnionCommon0.60%$4M155.4K
16MAMastercard IncCommon0.60%$4M13.9K
17ADPAutomatic DataCommon0.47%$3M19.1K
18MMM3M CompanyCommon0.46%$3M18.1K
19KMXCarmax Inc.Common0.39%$3M30.6K
20ABTAbbott LabsCommon0.38%$3M30.2K
21PEPPepsicoCommon0.37%$3M18.9K
22EXMOCExxonMobileCommon0.35%$2M35.0K
23HDHome DepotCommon0.33%$2M10.6K
24BHCBausch Health Cos IncCommon0.32%$2M74.0K
25ABBVAbbvie IncCommon0.31%$2M24.4K
26WATWaters Corp.Common0.27%$2M8.1K
27JECUSDJacobs Engineering GpCommon0.23%$2M17.9K
28FWONKUSDLiberty Media Corp Ser CCommon0.23%$2M34.0K
29METAFacebook, Inc.Common0.22%$2M7.6K
30General ElectricCommon0.21%$1M131.4K
31CACCCredit Acceptance CorpCommon0.21%$1M3.2K
32AMZNAmazon Com Inc.Common0.21%$1M773
33VisaCommon0.20%$1M7.3K
34DISWalt Disney CoCommon0.19%$1M9.3K
35SCHWThe Charles Schwab CorpCommon0.19%$1M27.6K
36LBRDKLiberty Broadband Corp Cl CCommon0.18%$1M9.9K
37WWayfair Inc.Common0.17%$1M13.0K
38BKNGBooking Hldgs IncCommon0.16%$1M538
39FASTFastenal CoCommon0.15%$1M28.2K
40PFEPfizer IncCommon0.13%$922,00023.5K
41IBMIBMCommon0.13%$878,0006.6K
42AMGNAmgen Inc.Common0.10%$685,0002.8K
43Vanguard Total Stock MktETF0.09%$642,0003.9K
44TSMTaiwan SemiconductorCommon0.09%$619,00010.7K
45EMREmerson ElecCommon0.08%$563,0007.4K
46TJXTJX CompaniesCommon0.08%$548,0009.0K
47COSTCostco Wholesale CorpCommon0.07%$478,0001.6K
48UTXZUnited TechnologiesCommon0.05%$382,0002.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$1.0B65Jul 7, 202613F-HRchanges · EDGAR ↗
Q1 2026$981M62Apr 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.1B63Jan 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.1B63Oct 2, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.1B58Jul 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.0B58Apr 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.0B58Jan 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.0B63Oct 2, 202413F-HRchanges · EDGAR ↗
Q2 2024REVEALED$2.0B115Jul 2, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.0B56Apr 11, 202413F-HRchanges · EDGAR ↗
Q4 2023$941M58Jan 11, 202413F-HRchanges · EDGAR ↗
Q3 2023$875M57Oct 16, 202313F-HRchanges · EDGAR ↗
Q2 2023Under review57Jul 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$821,24959Apr 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review62Jan 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$738M60Oct 12, 202213F-HRchanges · EDGAR ↗
Q2 2022$793M62Jul 13, 202213F-HRchanges · EDGAR ↗
Q1 2022$948M61Apr 27, 202213F-HRchanges · EDGAR ↗
Q4 2021$953M60Jan 20, 202213F-HRchanges · EDGAR ↗
Q3 2021$864M59Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$870M60Jul 20, 202113F-HRchanges · EDGAR ↗
Q1 2021$812M60Apr 20, 202113F-HRchanges · EDGAR ↗
Q4 2020$759M60Feb 1, 202113F-HRchanges · EDGAR ↗
Q3 2020$722M57Oct 26, 202013F-HRchanges · EDGAR ↗
Q2 2020$668M56Jul 22, 202013F-HRchanges · EDGAR ↗
Q1 2020$603M55May 5, 202013F-HRchanges · EDGAR ↗
Q4 2019$695M65Jan 29, 202013F-HRchanges · EDGAR ↗
Q3 2019$610M51Oct 16, 201913F-HRchanges · EDGAR ↗
Q2 2019$731M52Jul 19, 201913F-HRchanges · EDGAR ↗
Q1 2019$648M51Apr 16, 201913F-HRchanges · EDGAR ↗
Q4 2018$609M51Jan 28, 201913F-HRchanges · 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 ↗.