SEC 13F Intelligence

Managers / Q4 2023 · view latest →

HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC

CIK 0001380137 · 436 SEVENTH AVENUE, KOPPERS BUILDING 27TH FLOOR, PITTSBURGH, PA, 15219 · 412-765-8927

Reported Value
$546M
Q4 2023
Positions
263
Filings on Record
31
2019–present window
Filed
Jan 31, 2024
original filing

Summary

Hunter Associates Investment Management LLC reported $546M in U.S.-listed holdings across 263 positions for Q4 2023.

Its largest position, MSFT, represents 6.5% of the portfolio.

Compared with Q3 2023, the fund opened 14 new positions and exited 5.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+31.5%
share of reported value
Largest Position
+6.5%
Microsoft Corp Com
New / Exited
14 / 5
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
Q4 ’18: $246MQ4 ’18Q1 ’19: $286MQ2 ’19: $291MQ3 ’19: $291MQ4 ’19: $322MQ4 ’19Q1 ’20: $258MQ2 ’20: $337MQ3 ’20: $360MQ4 ’20: $407MQ4 ’20Q1 ’21: $433MQ2 ’21: $321MQ3 ’21: $311MQ4 ’21: $350MQ4 ’21Q1 ’22: $311MQ2 ’22: $405MQ3 ’22: $386MQ4 ’22: $415MQ4 ’22Q1 ’23: $467MQ2 ’23: $512MQ3 ’23: $492MQ4 ’23: $546MQ4 ’23Q1 ’24: $595MQ2 ’24: $595MQ3 ’24: $646MQ4 ’24: $657MQ4 ’24Q1 ’25: $648MQ2 ’25: $674MQ3 ’25: $719MQ4 ’25: $748MQ4 ’25Q1 ’26: $756Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 73.3%ETP: 22.2%ADR: 2.0%Other: 1.5%REIT: 0.9%Closed-End Fund: 0.1%
  • Common Stock · 73.3% · $401M
  • ETP · 22.2% · $121M
  • ADR · 2.0% · $11M
  • Other · 1.5% · $8M
  • REIT · 0.9% · $5M
  • Closed-End Fund · 0.1% · $564,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XMHQINVESCO EXCHANGE-TRADED FD TR S&P MIDCAP QUALITY ETFNEW+66.2K66.2K+$6M$6M
MKCMCCORMICK & CO INC COM NON VTGNEW+9.5K9.5K+$649,000$649,000
FITBFIFTH THIRD BANCORP COMNEW+11.8K11.8K+$409,000$409,000
PREKFPRAIRIESKY RTY LTD COMNEW+15.3K15.3K+$271,000$271,000
TBLDTHORNBURG INCOME BLDR OPPORTUNITIES TR COMNEW+15.6K15.6K+$242,000$242,000
BACBANK OF AMERICA CORPORATION COMNEW+6.5K6.5K+$220,000$220,000
KEYSKEYSIGHT TECHNOLOGIES INC COMNEW+1.4K1.4K+$218,000$218,000
DXCMDEXCOM INC COMNEW+1.8K1.8K+$217,000$217,000

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

Holdings — Q4 2023

263 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORP COMhistory →COM6.54%$36M95.1K
2AAPLAPPLEhistory →COM5.75%$31M163.2K
3GSLCGOLDMAN SACHS ETF TR ACTIVEBETA U S LARGE CAP EQUITY ETFhistory →ETF4.15%$23M241.4K
4AMGNAMGEN INC COMhistory →COM2.91%$16M55.2K
5IHDGWISDOMTREE TR INTL HEDGED QUALITY DIVID GROWTH FDhistory →ETF2.77%$15M360.5K
6FISVFISERV INC COMhistory →COM2.12%$12M87.1K
7SCHDSCHWAB STRATEGIC TR US DIVIDEND EQUITY ETFhistory →ETF1.92%$10M137.3K
8TROWPRICE T ROWE GROUP INC COMhistory →COM1.91%$10M97.0K
9ISTBISHARES TR CORE 1-5 YR USD BD ETFhistory →ETF1.71%$9M196.9K
10QQQMINVESCO EXCHANGED TRADED FD TR II NASDAQ 100 ETFhistory →ETF1.70%$9M55.1K
11ACNACCENTURE PLC IRELAND CLASS SHShistory →COM1.66%$9M25.8K
12RMDRESMED INC COMhistory →COM1.59%$9M50.4K
13PEPPEPSICO INC COMhistory →COM1.54%$8M49.4K
14JNJJOHNSON & JOHNSON COMhistory →COM1.49%$8M51.9K
15PGPROCTER & GAMBLE CO COMhistory →COM1.46%$8M54.5K
16AVGOBROADCOM INC COMhistory →COM1.46%$8M7.1K
17FBNDFIDELITY MERRIMACK STR TR TOTAL BD ETFhistory →ETF1.45%$8M172.6K
18TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.33%$7M13.7K
19CSCOCISCO SYSTEMS INChistory →COM1.19%$6M128.2K
20BOOMDMC GLOBAL INC COMhistory →COM1.12%$6M326.2K
21SHMSPDR SER TR NUVEEN BLOOMBERG BARCLAYS SHORT TERM MUN BD ETFhistory →ETF1.08%$6M123.6K
22XMHQINVESCO EXCHANGE-TRADED FD TR S&P MIDCAP QUALITY ETFhistory →ETF1.07%$6M66.2K
23LLYLILLY ELI & CO COMhistory →COM1.07%$6M10.0K
24OFLXOMEGA FLEX INC COMhistory →COM1.02%$6M78.8K
25VVISA INC COM CL ACOM0.94%$5M19.6K
26EXMOCEXXON MOBIL CORP COMCOM0.93%$5M50.9K
27NSRGYNESTLE SA SPONSORED ADR REPSTG REG SHSCOM0.91%$5M42.9K
28VTEBVANGUARD MUN BD FDS TAX-EXEMPT BD INDEX FD ETFETF0.85%$5M90.8K
29NXPINXP SEMICONDUCTORS NV COMCOM0.84%$5M20.1K
30JCPIJ P MORGAN EXCHANGE-TRADED FD TR INFLATION MANAGED BD ETFETF0.84%$5M98.5K
31LABORATORY CORP AMER HLDGS COM NEWCOM0.84%$5M20.1K
32JEPIJ P MORGAN EXCHANGE- TRADED FD TR EQUITY PREMIUM INCOME ETFETF0.81%$4M80.6K
33PFEPFIZER INC COMCOM0.74%$4M140.0K
34FNFFIDELITY NATL FINL INC NEW FNF GROUPCOM0.72%$4M77.2K
35COHRCOHERENT CORP COMCOM0.70%$4M88.1K
36TPLTEXAS PAC LD CORP COMCOM0.70%$4M2.4K
37AKXANSYS INC COMCOM0.69%$4M10.5K
38PPGPPG INDS INC COMCOM0.69%$4M25.3K
39HYHYSTER-YALE MATLS HANDLING INC CL ACOM0.67%$4M59.1K
40ABBVABBVIE INC COMCOM0.67%$4M23.7K
41INTCINTEL CORP COMCOM0.66%$4M71.2K
42BMYBRISTOL MYERS SQUIBB CO COMCOM0.61%$3M65.4K
43APDAIR PRODS & CHEMS INC COMCOM0.60%$3M12.0K
44ABTABBOTT LABS COMCOM0.56%$3M27.6K
45IGSBISHARES TR SHORT-TERM CORP BD ETFETF0.53%$3M56.5K
46CVXCHEVRON CORP NEW COMCOM0.53%$3M19.4K
47WSOWATSCO INC CL ACOM0.53%$3M6.7K
48MCDMCDONALDS CORPCOM0.52%$3M9.6K
49APTIV PLC SHS COMCOM0.51%$3M31.0K
50NVONOVO NORDISK A.S. ADR FORMERLY NOVO INDUSTRIE A.S. ADRCOM0.49%$3M25.7K
51EXPEEXPEDIA GROUP INC COM NEWCOM0.46%$3M16.7K
52SYKSTRYKER CORPCOM0.45%$2M8.2K
53MSMORGAN STANLEY COM NEWCOM0.44%$2M25.7K
54PMPHILIP MORRIS INTL INC COMCOM0.43%$2M25.2K
55LINDLINDBLAD EXPEDITIONS HLDGS INC COMCOM0.41%$2M198.8K
56HOLOGIC INC COMCOM0.41%$2M31.3K
57TRMBTRIMBLE INC COMCOM0.40%$2M41.0K
58FOURSHIFT4 PMTS INC CL ACOM0.40%$2M29.0K
59PANWPALO ALTO NETWORKS INC COMCOM0.38%$2M7.1K
60VCSHVANGUARD SCOTTSDALE FDS VANGUARD SHORT-TERM CORPORATE BD INDEX FDETF0.37%$2M26.3K
61MDLZMONDELEZ INTL INC CL ACOM0.37%$2M27.9K
62MOALTRIA GROUP INC COMCOM0.36%$2M49.5K
63GISGENERAL MILLS INC COMCOM0.36%$2M29.8K
64ADPAUTOMATIC DATA PROCESSING INC COMCOM0.35%$2M8.2K
65FIXCOMFORT SYS USA INC COMCOM0.35%$2M9.2K
66DLRDIGITAL RLTY TR INC COMCOM0.35%$2M14.1K
67GOOGALPHABET INC CAP STK CL CCOM0.35%$2M13.4K
68WMWASTE MGMT INC DEL COMCOM0.34%$2M10.5K
69FDXFEDEX CORP COMCOM0.34%$2M7.4K
70CHDNCHURCHILL DOWNS INCCOM0.34%$2M13.8K
71HHYATT HOTELS CORP COM CL ACOM0.34%$2M14.2K
72PNCPNC FINL SVCS GROUP INC COMCOM0.34%$2M11.9K
73GLWCORNING INC COMCOM0.33%$2M60.3K
74CVSCVS HEALTH CORP COMCOM0.33%$2M22.7K
75JPMJPMORGAN CHASECOM0.33%$2M10.5K
76UNHUNITEDHEALTH GROUP INC COMCOM0.32%$2M3.4K
77SAIASAIA INC COMCOM0.32%$2M4.0K
78IBMINTERNATIONAL BUSINESS MACHS CORP COMCOM0.31%$2M10.3K
79BRBRBELLRING BRANDS INC NEW COMCOM0.31%$2M30.4K
80MATWMATTHEWS INTL CORP CL A COMCOM0.30%$2M45.4K
81GPCGENUINE PARTS CO COMCOM0.30%$2M11.9K
82UPSUNITED PARCEL SVC INC CL BCOM0.30%$2M10.3K
83FAFFIRST AMERN FINL CORP COMCOM0.30%$2M25.1K
84WSMWILLIAMS SONOMA INC COMCOM0.29%$2M8.0K
85BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEWCOM0.29%$2M4.4K
86VXFVANGUARD INDEX FDS VANGUARD EXTENDED MKT ETFETF0.29%$2M9.6K
87TTWOTAKE TWO INTERACTIVE SOFTWARE INC CDT COMCOM0.29%$2M9.7K
88QYLDGLOBAL X FDS NASDAQ 100 COVERED CALL ETFETF0.29%$2M90.2K
89SJMSMUCKER J M CO COM NEWCOM0.28%$2M12.3K
90APLDAPPLIED DIGITAL CORP COM NEWCOM0.28%$2M229.7K
91IMCGISHARES TR MORNINGSTAR MID CAP GROWTH ETFETF0.28%$2M23.8K
92AZOAUTOZONE INCCOM0.28%$2M587
93AMZNAMAZON COM INCCOM0.28%$2M9.9K
94GILDGILEAD SCIENCES INCCOM0.27%$1M18.4K
95SNASNAP ON INC COMCOM0.27%$1M5.1K
96RSRELIANCE STL & ALUM CO COMCOM0.26%$1M5.1K
97ODFLOLD DOMINION FREIGHT LINE INC COMCOM0.25%$1M3.4K
98WYWEYERHAEUSER CO COMCOM0.25%$1M39.6K
99SCCOSOUTHERN COPPER CORP DEL COMCOM0.25%$1M15.8K
100HONHONEYWELL INTL INC COMCOM0.24%$1M6.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$756M274Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$748M249Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$719M256Oct 30, 202513F-HRchanges · EDGAR ↗
Q2 2025$674M251Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$648M247Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024$657M254Jan 23, 202513F-HRchanges · EDGAR ↗
Q3 2024$646M257Oct 24, 202413F-HRchanges · EDGAR ↗
Q2 2024$595M252Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$595M259May 1, 202413F-HRchanges · EDGAR ↗
Q4 2023$546M263Jan 31, 202413F-HRchanges · EDGAR ↗
Q3 2023$492M254Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$512M253Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$467M261May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$415M236Feb 1, 202313F-HRchanges · EDGAR ↗
Q3 2022$386M226Nov 2, 202213F-HRchanges · EDGAR ↗
Q2 2022$405M230Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$311M147Apr 26, 202213F-HRchanges · EDGAR ↗
Q4 2021$350M157Jan 27, 202213F-HRchanges · EDGAR ↗
Q3 2021$311M150Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$321M141Aug 5, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$433M208May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$407M203Jan 29, 202113F-HRchanges · EDGAR ↗
Q3 2020$360M188Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$337M181Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$258M155May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$322M173Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$291M164Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$291M166Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$286M164May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$246M155Feb 11, 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 ↗.