SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Centerstone Investors, LLC

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

Reported Value
$68M
Q4 2022
Positions
26
Filings on Record
31
2019–present window
Filed
Feb 14, 2023
original filing

Summary

Centerstone Investors, LLC reported $68M in U.S.-listed holdings across 26 positions for Q4 2022.

The portfolio is heavily concentrated: GLD alone accounts for 22.1% of reported value.

Compared with Q3 2022, the fund opened 6 new positions and exited 2.

Portfolio Metrics

Turnover
+14.4%
vs prior filed quarter
Top-10 Concentration
+64.5%
share of reported value
Largest Position
+22.1%
Spdr Gold Tr
New / Exited
6 / 2
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: 72.7%ETP: 22.1%ADR: 5.2%
  • Common Stock · 72.7% · $50M
  • ETP · 22.1% · $15M
  • ADR · 5.2% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FLEETCOR TECHNOLOGIES INCNEW+13.4K13.4K+$2M$2M
METAMETA PLATFORMS INCNEW+20.4K20.4K+$2M$2M
TFCTRUIST FINL CORPNEW+54.6K54.6K+$2M$2M
PNCPNC FINL SVCS GROUP INCNEW+14.6K14.6K+$2M$2M
USBUS BANCORP DELNEW+41.4K41.4K+$2M$2M
RYAAYRYANAIR HOLDINGS PLCNEW+4.3K4.3K+$324,458$324,458
KRESPDR SER TRSOLD OUT−19.4K0−$1M$0
BABAALIBABA GROUP HLDG LTDSOLD OUT−11.4K0−$912,000$0

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

Holdings — Q4 2022

26 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GLDSPDR GOLD TRhistory →GOLD SHS22.11%$15M89.0K
2HSICHENRY SCHEIN INChistory →COM7.65%$5M65.4K
3ORLYOREILLY AUTOMOTIVE INChistory →COM6.96%$5M5.6K
4CCUCOMPANIA CERVECERIAS UNIDAShistory →SPONSORED ADR4.71%$3M245.3K
5SONSONOCO PRODS COhistory →COM4.34%$3M48.9K
6GWWGRAINGER W W INChistory →COM4.16%$3M5.1K
7FNVFRANCO NEV CORPhistory →COM4.00%$3M20.0K
8FLEETCOR TECHNOLOGIES INCCOM3.59%$2M13.4K
9METAMETA PLATFORMS INChistory →CL A3.58%$2M20.4K
10TFCTRUIST FINL CORPhistory →COM3.44%$2M54.6K
11PNCPNC FINL SVCS GROUP INChistory →COM3.38%$2M14.6K
12IAA INCCOM3.33%$2M56.8K
13EMREMERSON ELEC COhistory →COM3.24%$2M23.0K
14MCDMCDONALDS CORPhistory →COM3.10%$2M8.0K
15WMTWALMART INChistory →COM3.04%$2M14.6K
16PRGOPERRIGO CO PLChistory →SHS2.84%$2M56.8K
17USBUS BANCORP DELhistory →COM NEW2.65%$2M41.4K
18MMM3M COhistory →COM2.20%$2M12.6K
19XRAYDENTSPLY SIRONA INChistory →COM2.05%$1M43.9K
20SMGSCOTTS MIRACLE-GRO COhistory →CL A1.70%$1M23.9K
21CSLCARLISLE COS INChistory →COM1.66%$1M4.8K
22MHKMOHAWK INDS INChistory →COM1.59%$1M10.6K
23ROSTROSS STORES INChistory →COM1.54%$1M9.0K
24BCBRUNSWICK CORPhistory →COM1.53%$1M14.5K
25KMXCARMAX INChistory →COM1.13%$774,52112.7K
26RYAAYRYANAIR HOLDINGS PLCSPONSORED ADS0.47%$324,4584.3K

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 ↗.