SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Constitution Capital LLC

CIK 0001845531 · 2 TRAP FALLS ROAD, SUITE 504, SHELTON, CT, 06484 · (475) 269-3200

Reported Value
$147M
Q3 2023
Positions
61
Filings on Record
23
2019–present window
Filed
Oct 11, 2023
original filing

Summary

Constitution Capital LLC reported $147M in U.S.-listed holdings across 61 positions for Q3 2023.

The portfolio is heavily concentrated: MSFT alone accounts for 21.8% of reported value.

Compared with Q2 2023, the fund opened 1 new position and exited 6.

Portfolio Metrics

Turnover
+0.4%
vs prior filed quarter
Top-10 Concentration
+71.3%
share of reported value
Largest Position
+21.8%
Microsoft
New / Exited
1 / 6
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. 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 ’20: $141MQ4 ’20Q1 ’21: $151MQ2 ’21: $163MQ3 ’21: $167MQ3 ’21Q4 ’21: $188MQ1 ’22: $182MQ2 ’22: $156MQ2 ’22Q3 ’22: $150MQ4 ’22: $162MQ1 ’23: $165MQ1 ’23Q2 ’23: $176MQ3 ’23: $147MQ4 ’23: $166MQ4 ’23Q1 ’24: $177MQ2 ’24: $190MQ3 ’24: $187MQ3 ’24Q4 ’24: $178MQ1 ’25: $181MQ2 ’25: $196MQ2 ’25Q3 ’25: $214MQ4 ’25: $211MQ1 ’26: $200MQ1 ’26Q2 ’26: $195Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 88.4%ETP: 9.9%REIT: 1.1%Other: 0.3%Closed-End Fund: 0.3%
  • Common Stock · 88.4% · $130M
  • ETP · 9.9% · $15M
  • REIT · 1.1% · $2M
  • Other · 0.3% · $450,570
  • Closed-End Fund · 0.3% · $378,594

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLCSELECT SECTOR SPDR TRNEW+3.1K3.1K+$205,169$205,169
DISDISNEY WALT COSOLD OUT−11.0K0−$980,741$0
XIFRNEXTERA ENERGY PARTNERS LPSOLD OUT−5.7K0−$334,248$0
WWEUSDWORLD WRESTLING ENTMT INCSOLD OUT−2.2K0−$238,634$0
QCOMQUALCOMM INCSOLD OUT−1.9K0−$229,747$0
NSCNORFOLK SOUTHN CORPSOLD OUT−1.0K0−$226,760$0
NMTNUVEEN MASSACHUSETS QLT MUNSOLD OUT−12.5K0−$130,500$0
PEPPEPSICO INCTRIMMED−49.6K105.1K−$11M$18M

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

Holdings — Q3 2023

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM21.81%$32M101.4K
2PEPPEPSICO INChistory →COM12.13%$18M105.1K
3XLFSELECT SECTOR SPDR TRSBI HEALTHCARE · TECHNOLOGY · SBI CONS DISCR · FINANCIAL · INDL · SBI INT-UTILS · SBI CONS STPLS · ENERGY9.43%$14M125.5K
4AAPLAPPLE INChistory →COM8.78%$13M75.3K
5JPMJPMORGAN CHASE & COhistory →COM6.18%$9M62.6K
6HDHOME DEPOT INChistory →COM5.10%$7M24.8K
7UNHUNITEDHEALTH GROUP INChistory →COM3.52%$5M10.3K
8WMTWALMART INChistory →COM3.25%$5M29.8K
9UNPUNION PAC CORPhistory →COM3.01%$4M21.7K
10NEENEXTERA ENERGY INChistory →COM2.78%$4M71.2K
11PGPROCTER AND GAMBLE COhistory →COM2.50%$4M25.1K
12DUKDUKE ENERGY CORP NEWhistory →COM NEW1.70%$3M28.3K
13JNJJOHNSON & JOHNSONhistory →COM1.70%$2M16.0K
14SYYSYSCO CORPhistory →COM1.19%$2M26.4K
15VVISA INChistory →COM CL A1.15%$2M7.3K
16PLDPROLOGIS INC.history →COM1.09%$2M14.3K
17GOOGLALPHABET INCCAP STK CL A1.00%$1M11.2K
18AXPAMERICAN EXPRESS COCOM0.99%$1M9.7K
19KOCOCA COLA COCOM0.90%$1M23.6K
20TJXTJX COS INC NEWCOM0.80%$1M13.2K
21NVDANVIDIA CORPORATIONCOM0.77%$1M2.6K
22UPSUNITED PARCEL SERVICE INCCL B0.73%$1M6.9K
23AMZNAMAZON COM INCCOM0.69%$1M8.0K
24DEDEERE & COCOM0.62%$907,5992.4K
25MCDMCDONALDS CORPCOM0.58%$851,9653.2K
26COSTCOSTCO WHSL CORP NEWCOM0.58%$847,4401.5K
27AEPAMERICAN ELEC PWR CO INCCOM0.54%$792,06710.5K
28ELVELEVANCE HEALTH INCCOM0.47%$696,6721.6K
29TSLATESLA INCCOM0.43%$625,5502.5K
30CATCATERPILLAR INCCOM0.35%$518,7001.9K
31CMCSACOMCAST CORP NEWCL A0.34%$499,04711.3K
32SPDR S&P 500 ETF TRTR UNIT0.33%$486,4721.1K
33MEDTRONIC PLCSHS0.31%$450,5705.8K
34ABBVABBVIE INCCOM0.30%$447,1803.0K
35CNRCANADIAN NATL RY COCOM0.29%$422,1623.9K
36SOSOUTHERN COCOM0.29%$421,1986.5K
37EXMOCEXXON MOBIL CORPCOM0.28%$411,5303.5K
38BACVERIZON COMMUNICATIONS INCCOM0.24%$358,61711.1K
39MAMASTERCARD INCORPORATEDCL A0.24%$356,319900
40CHVCHEVRON CORP NEWCOM0.24%$350,0552.1K
41MRKMERCK & CO INCCOM0.24%$350,0303.4K
42GSGOLDMAN SACHS GROUP INCCOM0.22%$323,5701.0K
43PFEPFIZER INCCOM0.22%$318,6979.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$195M62Jul 9, 202613F-HRchanges · EDGAR ↗
Q1 2026$200M61Apr 9, 202613F-HRchanges · EDGAR ↗
Q4 2025$211M64Jan 9, 202613F-HRchanges · EDGAR ↗
Q3 2025$214M61Oct 17, 202513F-HRchanges · EDGAR ↗
Q2 2025$196M56Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$181M60Apr 11, 202513F-HRchanges · EDGAR ↗
Q4 2024$178M56Jan 15, 202513F-HRchanges · EDGAR ↗
Q3 2024$187M59Oct 11, 202413F-HRchanges · EDGAR ↗
Q2 2024$190M64Jul 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$177M60Apr 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$166M63Jan 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$147M61Oct 11, 202313F-HRchanges · EDGAR ↗
Q2 2023$176M66Jul 12, 202313F-HRchanges · EDGAR ↗
Q1 2023$165M67May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$162M66Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$150M63Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$156M61Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$182M68May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$188M65Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$167M67Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$163M68Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$151M62May 4, 202113F-HRchanges · EDGAR ↗
Q4 2020$141M57Feb 16, 202113F-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 ↗.