Managers / Q2 2020 · view latest →
Sonora Investment Management, LLC
CIK 0001418539 · 2343 E BROADWAY BLVD, STE 116, TUCSON, AZ, 85719 · (520) 624-4554
Summary
Sonora Investment Management, LLC reported $977M in U.S.-listed holdings across 1,896 positions for Q2 2020.
Its largest position, AAPL, represents 2.9% of the portfolio.
Compared with Q1 2020, the fund opened 296 new positions and exited 184.
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 · 37.0% · $361M
- US DOMESTIC · 23.9% · $234M
- GLOBAL · 20.8% · $203M
- PUBLIC · 10.7% · $104M
- Other · 3.3% · $32M
- Other · 4.3% · $42M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| METLIFE INC PFD | NEW | +380.4K | 380.4K | +$10M | $10M |
| VMWARE INC | NEW | +8.80M | 8.80M | +$10M | $10M |
| GOLDMAN SACHS GROUP | NEW | +6.65M | 6.65M | +$7M | $7M |
| RAYTHEON TECH CO | NEW | +91.5K | 91.5K | +$6M | $6M |
| VALERO ENERGY CO | NEW | +1.12M | 1.12M | +$1M | $1M |
| NORTHROP GRUMMAN | NEW | +763.0K | 763.0K | +$846,000 | $846,000 |
| ITCIEURINTRA-CELLULAR THERAPIES INC | NEW | +20.1K | 20.1K | +$517,000 | $517,000 |
| VANGUARD BOND INDEX FUND | NEW | +2.9K | 2.9K | +$252,000 | $252,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TOLL BROTHERS INC | Convertible/ | 4.18% | $41M | 39.31M |
| 2 | MERITAGE HOMES CORP | Convertible/ | 3.02% | $30M | 27.85M |
| 3 | AAPLAPPLE INChistory → | Equities | 2.91% | $28M | 77.8K |
| 4 | MSFTMICROSOFT CORPhistory → | Equities | 2.78% | $27M | 133.4K |
| 5 | CSG SYSTEMS INC | Convertible/ | 2.36% | $23M | 22.39M |
| 6 | JUNIPER NETWORKS INC | Convertible/ | 2.30% | $23M | 20.30M |
| 7 | VALERO ENERGY CORP | Convertible/ | 2.00% | $20M | 17.95M |
| 8 | GOLDMAN SACHS | PFDs, REITs, · Convertible/ | 1.98% | $19M | 7.12M |
| 9 | VERINT SYSTEMS INC | Convertible/ | 1.93% | $19M | 18.93M |
| 10 | ZILLOW GROUP INC | Convertible/ | 1.88% | $18M | 16.43M |
| 11 | CBRE SERVICES, INC | Convertible/ | 1.76% | $17M | 15.30M |
| 12 | COACH INC | Convertible/ | 1.66% | $16M | 16.72M |
| 13 | TWITTER INC | Convertible/ | 1.48% | $14M | 14.82M |
| 14 | BANK OF AMERICA CORP PFD | PFDs, REITs, | 1.34% | $13M | 511.0K |
| 15 | QCOMQUALCOMM INChistory → | Equities | 1.34% | $13M | 143.8K |
| 16 | ALLSTATE CORP PFD | PFDs, REITs, | 1.33% | $13M | 511.8K |
| 17 | GOOGALPHABET INC CL Chistory → | Equities | 1.33% | $13M | 9.2K |
| 18 | HYATT HOTELS CORP | Convertible/ | 1.20% | $12M | 11.37M |
| 19 | FIFTH THIRD BANK | Convertible/ | 1.14% | $11M | 10.09M |
| 20 | KLA TENCOR CORP | Convertible/ | 1.11% | $11M | 9.47M |
| 21 | PEPPEPSICO INChistory → | Equities | 1.06% | $10M | 78.5K |
| 22 | PGPROCTER & GAMBLE COhistory → | Equities | 1.06% | $10M | 86.3K |
| 23 | ADBEADOBE SYSTEMS INChistory → | Equities | 1.04% | $10M | 23.4K |
| 24 | IONIS PHARMA INC | Convertible/ | 1.03% | $10M | 9.12M |
| 25 | METLIFE INC PFD | PFDs, REITs, | 1.02% | $10M | 380.4K |
| 26 | KMBKIMBERLY-CLARK CORP | Equities | 0.99% | $10M | 68.8K |
| 27 | VMWARE INC | Convertible/ | 0.98% | $10M | 8.80M |
| 28 | JNJJOHNSON & JOHNSON | Equities | 0.95% | $9M | 66.2K |
| 29 | HDHOME DEPOT INC | Equities | 0.94% | $9M | 36.7K |
| 30 | WMTWAL-MART STORES INC | Equities | 0.92% | $9M | 75.3K |
| 31 | DTE ENERGY CO | PFDs, REITs, | 0.90% | $9M | 208.2K |
| 32 | RSGREPUBLIC SERVICES INC | Equities | 0.88% | $9M | 104.4K |
| 33 | MGM GROWTH PPTYS LLC | PFDs, REITs, | 0.87% | $9M | 312.7K |
| 34 | LMTLOCKHEED MARTIN CORP | Equities | 0.87% | $8M | 23.3K |
| 35 | PFEPFIZER INC | Equities | 0.85% | $8M | 254.4K |
| 36 | ADVANCED AUTO PARTS INC | Convertible/ | 0.85% | $8M | 7.66M |
| 37 | BIOMARIN PHARMA INC | Convertible/ | 0.83% | $8M | 6.61M |
| 38 | CADENCE DESIGN SYSTEMS INC | Convertible/ | 0.80% | $8M | 6.99M |
| 39 | COSTCOSTCO WHOLESALE CORP | Equities | 0.78% | $8M | 25.2K |
| 40 | CSCOCISCO SYSTEMS INC | Equities | 0.78% | $8M | 163.1K |
| 41 | MERCK & CO INC | Equities | 0.75% | $7M | 94.1K |
| 42 | GUIDEWIRE SOFTWARE INC | Convertible/ | 0.71% | $7M | 6.01M |
| 43 | CHARLES SCHWAB PFD | PFDs, REITs, | 0.71% | $7M | 269.1K |
| 44 | JPMORGAN CHASE PFD | PFDs, REITs, | 0.70% | $7M | 250.1K |
| 45 | AJGARTHUR J GALLAGHER & CO | Equities | 0.70% | $7M | 69.7K |
| 46 | PNC FINL SVCS PFD | PFDs, REITs, | 0.68% | $7M | 251.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2021 | $798M | 1,089 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $1.3B | 1,799 | Apr 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $1.2B | 1,759 | Jan 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $1.1B | 1,857 | Oct 26, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $977M | 1,896 | Aug 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $844M | 1,786 | Apr 29, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $1.1B | 1,743 | Jan 17, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $960M | 1,750 | Oct 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $895M | 1,749 | Jul 19, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $817M | 1,559 | Apr 9, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $689M | 1,327 | Jan 25, 2019 | 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 ↗.