SEC 13F Intelligence

Managers / Q1 2020

PWMCO, LLC

CIK 0001263568 · 1 S WACKER DRIVE, SUITE 2920, CHICAGO, IL, 60606 · 3124508751

Reported Value
$299M
Q1 2020
Positions
60
Filings on Record
5
2019–present window
Filed
Apr 17, 2020
original filing

Summary

Pwmco, LLC reported $299M in U.S.-listed holdings across 60 positions for Q1 2020.

Its largest position, BRK/B, represents 10.9% of the portfolio.

Compared with Q4 2019, the fund opened 4 new positions and exited 8.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+60.3%
share of reported value
Largest Position
+10.9%
Berkshire Hathaway
New / Exited
4 / 8
positions this quarter

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
Q1 ’19: $395MQ1 ’19Q2 ’19: $406MQ2 ’19Q3 ’19: $395MQ3 ’19Q4 ’19: $424MQ4 ’19Q1 ’20: $299MQ1 ’20filingsflow.com

Portfolio Composition

By security type
Common Stock: 54.5%Other: 32.6%REIT: 11.9%ADR: 0.9%MLP: 0.1%
  • Common Stock · 54.5% · $163M
  • Other · 32.6% · $98M
  • REIT · 11.9% · $35M
  • ADR · 0.9% · $3M
  • MLP · 0.1% · $281,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FFIVF5 Networks Inc.NEW+63.8K63.8K+$7M$7M
RYCEYRolls-Royce HldgsNEW+639.7K639.7K+$3M$3M
HSICHenry Schein Inc.NEW+32.8K32.8K+$2M$2M
PGProcter & Gamble Co.NEW+2.1K2.1K+$231,000$231,000
CFGCitizens Financial GroupADDED+336.6K572.2K+$1M$11M
Check Point Software TechnologiesADDED+15.3K29.9K+$1M$3M
GPKGraphic Packaging Holding CoSOLD OUT−563.4K0−$9M$0
A V X CorpSOLD OUT−359.6K0−$7M$0

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

Holdings — Q1 2020

60 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBerkshire Hathaway, Inc. - Class Bhistory →Equity10.91%$33M178.4K
2Laboratory Corporation of America HldgsEquity10.13%$30M239.5K
3Lamar Advertising Co.Equity6.70%$20M390.7K
4Equity Lifestyle Properties Inc.Equity6.53%$20M338.0K
5SUISun Communitieshistory →UserDef5.11%$15M121.8K
6JNJJohnson & Johnsonhistory →Equity4.40%$13M100.3K
7CASYCasey's General Stores, Inc.history →Equity4.26%$13M96.2K
8AAPLApple Inc.history →Equity4.19%$13M49.2K
9FHNFirst Horizon Natlhistory →Equity4.08%$12M1.50M
10Kansas City SouthernEquity3.94%$12M92.4K
11CFGCitizens Financial Grouphistory →Equity3.60%$11M572.2K
12SCHWSchwab (Charles) Corp.history →Equity3.45%$10M306.6K
13WYWeyerhaeuser Co.history →Equity2.90%$9M510.6K
14PCHPotlatch Corp.history →Equity2.47%$7M235.6K
15SLBSchlumberger Ltd.history →Equity2.44%$7M534.1K
16FFIVF5 Networks Inc.history →Equity2.28%$7M63.8K
17HOMBHome Bancshareshistory →Equity1.85%$6M462.4K
18Plains Group HoldingsEquity1.74%$5M927.6K
19FCCOFirst Community Corphistory →Equity1.45%$4M276.1K
20COLDAmericold Realty TRUSThistory →UserDef1.39%$4M121.8K
21Pinnacle Finl Partners IncEquity1.13%$3M90.2K
22KRKroger Co.history →Equity1.11%$3M110.5K
23Check Point Software TechnologiesEquity1.01%$3M29.9K
24Cedar Fair -L.P.Equity1.00%$3M163.7K
25RYCEYRolls-Royce HldgsEquity0.92%$3M639.7K
261/100 Berkshire Htwy ClaEquity0.91%$3M2.7K
27BALLBall Corp.Equity0.87%$3M40.0K
28SYKStryker Corp.Equity0.85%$3M15.3K
29CCB Financial Corp.Equity0.84%$3M238.2K
30KEMET Corp.Equity0.81%$2M100.3K
31CNSCohen & Steers IncEquity0.70%$2M46.0K
32Omnicell, Inc.Equity0.63%$2M28.6K
33SNPSSynopsys, Inc.Equity0.56%$2M12.9K
34HSICHenry Schein Inc.Equity0.55%$2M32.8K
35TMOThermo Fisher Scientific IncEquity0.47%$1M5.0K
36Thermon Group HldgsEquity0.40%$1M79.0K
37Costco Wholesale CorporationEquity0.38%$1M4.0K
38KALUKaisar Aluminum CorpEquity0.35%$1M15.0K
39ICLRICON plcEquity0.27%$816,0006.0K
40CSXCSX Corp.Equity0.23%$688,00012.0K
41Google Inc.Equity0.19%$581,000500
42GOOGLAlphabet IncEquity0.19%$581,000500
43WBAWalgreens Boots AlliancEquity0.18%$531,00011.6K
44OXYOccidental Petroleum Corp.Equity0.17%$518,00036.6K
45Calavo Growers, Inc.Equity0.17%$500,0008.7K
46Dentsply International Inc.Equity0.16%$485,00012.5K
47HRLHormel Foods Corp.Equity0.16%$466,00010.0K
48Irish Continental Group PLCEquity0.15%$463,000129.6K
49UHSUniversal Health Realty Income TrustEquity0.13%$398,0004.0K
50Evans Bancorp IncEquity0.12%$373,00015.0K
51CDNAFCanadian Tire LtdEquity0.10%$302,0005.0K
52FITBFifth Third Bancorp.Equity0.10%$284,00018.8K
53Holly Energy Partner LpUserDef0.09%$281,00020.0K
54PGProcter & Gamble Co.Equity0.08%$231,0002.1K
55Landmark Infrastruct LpUserDef0.07%$216,00020.4K
56Vertu Motors Plc OrdEquity0.07%$204,000785.0K
57SLSNNanophase Technologies CorpEquity0.03%$82,000389.8K
58RMR Real Estate Fd Fractional SharesEquity0.00%$0174.1K
59UFood Restaurant Group Inc.Equity0.00%$011.0K
60TSHOTradeshow Marketing Co.Equity0.00%$027.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2020$299M60Apr 17, 202013F-HRchanges · EDGAR ↗
Q4 2019$424M64Jan 23, 202013F-HRchanges · EDGAR ↗
Q3 2019$395M60Oct 16, 201913F-HRchanges · EDGAR ↗
Q2 2019$406M66Jul 17, 201913F-HRchanges · EDGAR ↗
Q1 2019$395M67Apr 24, 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 ↗.