SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Constitution Capital LLC

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

Reported Value
$166M
Q4 2023
Positions
63
Filings on Record
23
2019–present window
Filed
Jan 12, 2024
original filing

Summary

Constitution Capital LLC reported $166M in U.S.-listed holdings across 63 positions for Q4 2023.

The portfolio is heavily concentrated: MSFT alone accounts for 27.5% of reported value.

Compared with Q3 2023, the fund opened 6 new positions and exited 4.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+73.3%
share of reported value
Largest Position
+27.5%
Microsoft
New / Exited
6 / 4
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: 88.7%ETP: 9.4%REIT: 1.2%Other: 0.4%Closed-End Fund: 0.3%
  • Common Stock · 88.7% · $147M
  • ETP · 9.4% · $16M
  • REIT · 1.2% · $2M
  • Other · 0.4% · $612,644
  • Closed-End Fund · 0.3% · $484,546

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BIOHAVEN LTDNEW+7.0K7.0K+$299,600$299,600
LLYELI LILLY & CONEW+445445+$259,399$259,399
NSCNORFOLK SOUTHN CORPNEW+1.0K1.0K+$236,380$236,380
SPGSIMON PPTY GROUP INC NEWNEW+1.5K1.5K+$214,816$214,816
NDQINVESCO QQQ TRNEW+493493+$201,893$201,893
NUVEEN PFD & INCOME OPPORTUNNEW+15.1K15.1K+$102,164$102,164
TSLATESLA INCSOLD OUT−2.5K0−$625,550$0
PFEPFIZER INCSOLD OUT−9.6K0−$318,697$0

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

Holdings — Q4 2023

44 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM27.45%$45M121.0K
2PEPPEPSICO INChistory →COM9.96%$16M97.1K
3XLFSELECT SECTOR SPDR TRSBI HEALTHCARE · TECHNOLOGY · SBI CONS DISCR · INDL · FINANCIAL · SBI CONS STPLS · SBI INT-UTILS8.70%$14M113.5K
4AAPLAPPLE INChistory →COM8.65%$14M74.4K
5JPMJPMORGAN CHASE & COhistory →COM5.98%$10M58.3K
6HDHOME DEPOT INChistory →COM5.10%$8M24.4K
7UNPUNION PAC CORPhistory →COM3.18%$5M21.4K
8UNHUNITEDHEALTH GROUP INChistory →COM2.91%$5M9.2K
9NEENEXTERA ENERGY INChistory →COM2.87%$5M78.3K
10WMTWALMART INChistory →COM2.86%$5M30.1K
11PGPROCTER AND GAMBLE COhistory →COM2.27%$4M25.7K
12DUKDUKE ENERGY CORP NEWhistory →COM NEW1.56%$3M26.6K
13JNJJOHNSON & JOHNSONhistory →COM1.45%$2M15.4K
14VVISA INChistory →COM CL A1.22%$2M7.7K
15SYYSYSCO CORPhistory →COM1.11%$2M25.2K
16AXPAMERICAN EXPRESS COhistory →COM1.08%$2M9.6K
17PLDPROLOGIS INC.history →COM1.03%$2M12.8K
18GOOGLALPHABET INCCAP STK CL A0.99%$2M11.8K
19KOCOCA COLA COCOM0.85%$1M23.8K
20NVDANVIDIA CORPORATIONCOM0.78%$1M2.6K
21AMZNAMAZON COM INCCOM0.76%$1M8.3K
22TJXTJX COS INC NEWCOM0.70%$1M12.3K
23UPSUNITED PARCEL SERVICE INCCL B0.61%$1M6.5K
24DEDEERE & COCOM0.58%$961,6872.4K
25COSTCOSTCO WHSL CORP NEWCOM0.58%$957,1161.4K
26MCDMCDONALDS CORPCOM0.57%$944,0883.2K
27AEPAMERICAN ELEC PWR CO INCCOM0.51%$845,09410.4K
28ELVELEVANCE HEALTH INCCOM0.37%$613,0281.3K
29CATCATERPILLAR INCCOM0.34%$561,7731.9K
30SPDR S&P 500 ETF TRTR UNIT0.33%$540,9031.1K
31CNRCANADIAN NATL RY COCOM0.29%$488,3243.9K
32SOSOUTHERN COCOM0.29%$477,3776.8K
33CMCSACOMCAST CORP NEWCL A0.28%$469,41410.7K
34MRKMERCK & CO INCCOM0.24%$392,4723.6K
35ABBVABBVIE INCCOM0.23%$387,4252.5K
36GSGOLDMAN SACHS GROUP INCCOM0.23%$385,7701.0K
37MAMASTERCARD INCORPORATEDCL A0.21%$341,208800
38EXMOCEXXON MOBIL CORPCOM0.20%$329,9343.3K
39BACVERIZON COMMUNICATIONS INCCOM0.20%$324,7868.6K
40MEDTRONIC PLCSHS0.19%$313,0443.8K
41BACBANK AMERICA CORPCOM0.18%$306,3979.1K
42BIOHAVEN LTDCOM0.18%$299,6007.0K
43MARMARRIOTT INTL INC NEWCL A0.18%$292,2611.3K
44CHVCHEVRON CORP NEWCOM0.17%$279,8241.9K

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 ↗.