SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Centerstone Investors, LLC

CIK 0001766788 · 228 PARK AVENUE S., SUITE 75938, NEW YORK, NY, 10003 · 212-503-5789

Reported Value
$160M
Q2 2019
Positions
29
Filings on Record
31
2019–present window
Filed
Aug 14, 2019
original filing

Summary

Centerstone Investors, LLC reported $160M in U.S.-listed holdings across 29 positions for Q2 2019.

Its largest position, GLD, represents 13.4% of the portfolio.

Compared with Q1 2019, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+56.8%
share of reported value
Largest Position
+13.4%
Spdr Gold
New / Exited
1 / 1
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: $140MQ1 ’19Q2 ’19: $160MQ3 ’19: $146MQ4 ’19: $140MQ1 ’20: $110MQ1 ’20Q2 ’20: $103MQ3 ’20: $98MQ4 ’20: $104MQ1 ’21: $101MQ1 ’21Q2 ’21: $95MQ3 ’21: $104MQ4 ’21: $114MQ1 ’22: $96MQ1 ’22Q2 ’22: $87MQ3 ’22: $61MQ4 ’22: $68MQ1 ’23: $85MQ1 ’23Q2 ’23: $100MQ3 ’23: $98MQ4 ’23: $98MQ1 ’24: $129MQ1 ’24Q2 ’24: $120MQ3 ’24: $103MQ4 ’24: $107MQ1 ’25: $42MQ1 ’25Q2 ’25: $24MQ3 ’25: $28MQ4 ’25: $32Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 72.9%ETP: 13.4%Other: 4.7%REIT: 4.5%ADR: 4.4%
  • Common Stock · 72.9% · $117M
  • ETP · 13.4% · $21M
  • Other · 4.7% · $8M
  • REIT · 4.5% · $7M
  • ADR · 4.4% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LEO HOLDINGS CORPNEW+330.2K330.2K+$3M$3M
COVETRUS INCADDED+75.7K113.8K+$2M$3M
FLEETCOR TECHNOLOGIES INCSOLD OUT−9.8K0−$2M$0
GWWGRAINGER W W INCADDED+6.6K15.2K+$1M$4M
MMM3M COADDED+10.4K24.0K+$1M$4M
MOSMOSAIC CO NEWADDED+191.4K479.2K+$4M$12M
TPRTAPESTRY INCADDED+39.5K175.7K+$1M$6M
EMREMERSON ELEC COADDED+12.4K64.1K+$737,000$4M

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

Holdings — Q2 2019

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GLDSPDR GOLD TRUSThistory →GOLD SHS13.37%$21M160.7K
2MOSMOSAIC CO NEWhistory →COM7.49%$12M479.2K
3PRGOPERRIGO CO PLChistory →SHS6.71%$11M225.5K
4HSICHENRY SCHEIN INChistory →COM5.13%$8M117.6K
5MHKMOHAWK INDS INChistory →COM4.88%$8M53.0K
6CCUCOMPANIA CERVECERIAS UNIDAShistory →SPONSORED ADR4.43%$7M250.8K
7VERSUM MATLS INCCOM4.12%$7M128.0K
8CLCOLGATE PALMOLIVE COhistory →COM4.02%$6M89.7K
9TPRTAPESTRY INChistory →COM3.48%$6M175.7K
10SMGSCOTTS MIRACLE GRO COhistory →CL A3.21%$5M52.2K
11XRAYDENTSPLY SIRONA INChistory →COM2.93%$5M80.4K
12VTRVENTAS INChistory →COM2.80%$4M65.6K
13TGTTARGET CORPhistory →COM2.70%$4M49.9K
14EMREMERSON ELEC COhistory →COM2.67%$4M64.1K
15GENERAL ELECTRIC COCOM2.62%$4M400.0K
16MMM3M COhistory →COM2.60%$4M24.0K
17CSLCARLISLE COS INChistory →COM2.55%$4M29.1K
18GWWGRAINGER W W INChistory →COM2.54%$4M15.2K
19DNOWNOW INChistory →COM2.49%$4M269.8K
20UTXZUNITED TECHNOLOGIES CORPhistory →COM2.40%$4M29.5K
21ORLYO REILLY AUTOMOTIVE INC NEWhistory →COM2.35%$4M10.2K
22LEO HOLDINGS CORPCOM CL A2.12%$3M330.2K
23STTSTATE STR CORPhistory →COM1.96%$3M56.0K
24KMXCARMAX INChistory →COM1.93%$3M35.6K
25SONSONOCO PRODS COhistory →COM1.91%$3M46.8K
26TJXTJX COS INC NEWhistory →COM1.75%$3M53.1K
27COVETRUS INCCOM1.74%$3M113.8K
28MONMOUTH REAL ESTATE INVT COCL A1.73%$3M204.1K
29MCDMCDONALDS CORPhistory →COM1.37%$2M10.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$32M22Jan 30, 202613F-HRchanges · EDGAR ↗
Q3 2025$28M21Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$24M22Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$42M22May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$107M28Feb 19, 2025RESTATEMENTchanges · EDGAR ↗
Q3 2024$103M26Nov 25, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2024$120M29Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$129M30May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$98M24Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$98M25Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$100M24Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$85M24May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$68M26Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$61M22Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$87M22Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$96M19May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$114M22Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$104M22Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$95M21Nov 15, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$101M20May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$104M22Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$98M22Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$103M25Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$110M26May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$140M24Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$146M26Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$160M29Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$140M29May 14, 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 ↗.