Latest Spears Abacus Advisors LLC Stock Portfolio

$4.82Billion– No. of Holdings #366

Spears Abacus Advisors LLC Performance:

2024 Q2: 1.05%YTD: 6.78%2023: 18.85%

Performance for 2024 Q2 is 1.05%, and YTD is 6.78%, and 2023 is 18.85%.

About Spears Abacus Advisors LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Cannell & Spears LLC reported an equity portfolio of $4.8 Billions as of 30 Jun, 2024.

The top stock holdings of Cannell & Spears LLC are MSFT, GOOG, AAPL. The fund has invested 7.8% of it's portfolio in MICROSOFT CORP and 4.1% of portfolio in ALPHABET INC.

The fund managers got completely rid off LABORATORY CORP AMER HLDGS (LH), ALIGHT INC (ALIT) and NORFOLK SOUTHN CORP (NSC) stocks. They significantly reduced their stock positions in SHARECARE INC (SHCR), WAYFAIR INC (W) and OPTION CARE HEALTH INC (OPCH). Cannell & Spears LLC opened new stock positions in LAMB WESTON HLDGS INC (LW), LABCORP HOLDINGS INC and KIRBY CORP (KEX). The fund showed a lot of confidence in some stocks as they added substantially to ILLUMINA INC (ILMN), GRAFTECH INTL LTD (EAF) and EQT CORP (EQT).

Spears Abacus Advisors LLC Equity Portfolio Value

Last Reported on: 12 Aug, 2024

Spears Abacus Advisors LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Cannell & Spears LLC made a return of 1.05% in the last quarter. In trailing 12 months, it's portfolio return was 12.07%.

New Buys

Ticker	$ Bought
lamb weston hldgs inc	54,878,600
labcorp holdings inc	33,647,300
gildan activewear inc	19,662,100
kirby corp	12,178,900
enovix corporation	6,947,260
ncr atleos corporation	6,929,470
itron inc	4,390,160
barrick gold corp	2,250,550

New stocks bought by Spears Abacus Advisors LLC

Additions

Ticker	% Inc.
illumina inc	45,800
graftech intl ltd	4,494
eqt corp	2,539
integra lifesciences hldgs c	1,087
restaurant brands intl inc	200
huntington ingalls inds inc	151
amphenol corp new	100
canadian nat res ltd	100

Additions to existing portfolio by Spears Abacus Advisors LLC

Reductions

Ticker	% Reduced
sharecare inc	-98.8
wayfair inc	-98.76
option care health inc	-91.63
l3harris technologies inc	-81.03
globus med inc	-80.61
zimmer biomet holdings inc	-80.06
pnc finl svcs group inc	-68.34
csx corp	-56.65

Spears Abacus Advisors LLC reduced stake in above stock

Sold off

Ticker	$ Sold
alight inc	-41,609,800
digitalocean hldgs inc	-15,043,100
laboratory corp amer hldgs	-74,903,600
yield10 bioscience inc	-94,283
permian resources corp	-2,949,220
new york cmnty bancorp inc	-527,339
norfolk southn corp	-32,930,000
seacoast bkg corp fla	-2,086,960

Spears Abacus Advisors LLC got rid off the above stocks

Sector Distribution

Cannell & Spears LLC has about 22.8% of it's holdings in Technology sector.

Sector	%
Technology	22.8
Others	14.7
Consumer Cyclical	12.8
Healthcare	10.4
Industrials	9.3
Communication Services	8.9
Financial Services	8.3
Consumer Defensive	6
Energy	4
Basic Materials	2.1

Market Cap. Distribution

Cannell & Spears LLC has about 75.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	43.1
MEGA-CAP	32.7
UNALLOCATED	16
MID-CAP	6.4
NANO-CAP	1.2

Stocks belong to which Index?

About 72.8% of the stocks held by Cannell & Spears LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	69
Others	27.2
RUSSELL 2000	3.8

Top 5 Winners (%)		%
ENVX	enovix corporation	53.6 %
NVDA	nvidia corporation	34.9 %
COKE	coca cola cons inc	28.1 %
SIX	six flags entmt corp new	25.9 %
PINS	pinterest inc	25.9 %

Top 5 Winners ($)		$
GOOG	alphabet inc	35.9 M
AAPL	apple inc	34.8 M
MSFT	microsoft corp	22.1 M
PINS	pinterest inc	16.2 M
GOOG	alphabet inc	14.9 M

Top 5 Losers (%)		%
SEDG	solaredge technologies inc	-64.4 %
ANVS	annovis bio inc	-51.6 %
APH	amphenol corp new	-42.9 %
EAF	graftech intl ltd	-39.8 %
CMBM	cambium networks corp	-31.9 %

Top 5 Losers ($)		$
SMCI	super micro computer inc	-14.8 M
LOW	lowes cos inc	-12.5 M
DIS	disney walt co	-8.7 M
W	wayfair inc	-6.6 M
ILMN	illumina inc	-5.7 M

Spears Abacus Advisors LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Spears Abacus Advisors LLC

Cannell & Spears LLC has 366 stocks in it's portfolio. About 29.9% of the portfolio is in top 10 stocks. SMCI proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Cannell & Spears LLC last quarter.

Last Reported on: 12 Aug, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.00	1,703	220,760	unchanged	0.00

AAP	advance auto parts inc	0.00	0.00	0.00	sold off	-100

AAPL	apple inc	3.87	884,505	186,295,000	reduced	-1.03

ABBV	abbvie inc	0.96	270,388	46,377,000	reduced	-0.6

ABT	abbott labs	0.77	355,468	36,936,700	added	0.06

ACES	alps etf tr	0.01	6,840	328,183	new

ACN	accenture plc ireland	0.02	2,828	858,043	reduced	-6.17

ACWF	ishares tr	0.00	4,730	239,007	reduced	-55.82

ADBE	adobe inc	1.19	103,011	57,226,700	added	4.32

ADI	analog devices inc	1.44	304,456	69,495,100	reduced	-17.81

ADP	automatic data processing in	0.44	89,847	21,445,600	reduced	-1.59

AEP	american elec pwr co inc	0.01	3,900	342,186	unchanged	0.00

AFK	vaneck etf trust	0.01	9,125	384,345	unchanged	0.00

AFL	aflac inc	0.23	122,886	10,974,900	reduced	-0.7

AIG	american intl group inc	0.00	2,941	218,340	unchanged	0.00

AL	air lease corp	0.57	579,503	27,543,800	reduced	-1.63

ALEC	alector inc	0.01	65,663	298,110	reduced	-0.78

ALGN	align technology inc	0.00	0.00	0.00	sold off	-100

ALIT	alight inc	0.00	0.00	0.00	sold off	-100

ALL	allstate corp	0.00	0.00	0.00	sold off	-100