Latest Spears Abacus Advisors LLC Stock Portfolio

Spears Abacus Advisors LLC Performance:

2024 Q3: 3.76%YTD: 10.79%2023: 18.85%

Performance for 2024 Q3 is 3.76%, and YTD is 10.79%, 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 $5.1 Billions as of 30 Sep, 2024.

The top stock holdings of Cannell & Spears LLC are MSFT, AAPL, GOOG. The fund has invested 7% of it's portfolio in MICROSOFT CORP and 3.9% of portfolio in APPLE INC.

The fund managers got completely rid off SUPER MICRO COMPUTER INC (SMCI), SIX FLAGS ENTMT CORP NEW (SIX) and INTEGRA LIFESCIENCES HLDGS C (IART) stocks. They significantly reduced their stock positions in UBER TECHNOLOGIES INC (UBER), LAMB WESTON HLDGS INC (LW) and NIKE INC (NKE). Cannell & Spears LLC opened new stock positions in SIX FLAGS ENTERTAINMENT CORP, XPO INC (XPO) and DELL TECHNOLOGIES INC (DELL). The fund showed a lot of confidence in some stocks as they added substantially to MURPHY USA INC (MUSA), TOLL BROTHERS INC (TOL) and SMITH A O CORP (AOS).

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

Our best estimate is that Cannell & Spears LLC made a return of 3.76% in the last quarter. In trailing 12 months, it's portfolio return was 19.47%.

New Buys

Ticker	$ Bought
six flags entertainment corp	66,344,200
xpo inc	50,824,000
teck resources ltd	44,986,500
dell technologies inc	23,227,200
ftai aviation ltd	18,290,400
united airls hldgs inc	16,718,900
blue bird corp	8,263,510
seacoast bkg corp fla	4,563,600

New stocks bought by Spears Abacus Advisors LLC

Additions

Ticker	% Inc.
murphy usa inc	5,255
toll brothers inc	5,104
smith a o corp	2,285
ferroglobe plc	1,174
xylem inc	493
3m co	348
cintas corp	300
enbridge inc	243

Additions to existing portfolio by Spears Abacus Advisors LLC

Reductions

Ticker	% Reduced
uber technologies inc	-97.58
lamb weston hldgs inc	-96.29
nike inc	-90.24
csx corp	-88.66
cambium networks corp	-87.99
graftech intl ltd	-82.85
pinterest inc	-81.09
enovix corporation	-69.5

Spears Abacus Advisors LLC reduced stake in above stock

Sold off

Ticker	$ Sold
six flags entmt corp new	-56,752,700
integra lifesciences hldgs c	-7,019,130
stellantis n.v	-2,312,780
super micro computer inc	-69,123,600
itron inc	-4,390,160
bjs whsl club hldgs inc	-3,764,650
thoughtworks holding inc	-64,411
ford mtr co del	-240,768

Spears Abacus Advisors LLC got rid off the above stocks

Sector Distribution

Cannell & Spears LLC has about 20% of it's holdings in Technology sector.

Sector	%
Technology	20
Others	17.4
Industrials	12.7
Consumer Cyclical	12.1
Healthcare	11
Financial Services	8.5
Communication Services	6.9
Consumer Defensive	4.8
Energy	3.2
Basic Materials	2.4

Market Cap. Distribution

Cannell & Spears LLC has about 75% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	43.5
MEGA-CAP	31.5
UNALLOCATED	19
MID-CAP	5.3

Stocks belong to which Index?

About 70.7% of the stocks held by Cannell & Spears LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	69.1
Others	29.2
RUSSELL 2000	1.6

Top 5 Winners (%)		%
EOSE	eos energy enterprises inc	133.9 %
COMM	commscope hldg co inc	107.7 %
AXDX	accelerate diagnostics inc	46.1 %
PLTR	palantir technologies inc	46.1 %
SWK	stanley black & decker inc	37.9 %

Top 5 Winners ($)		$
AAPL	apple inc	19.6 M
ILMN	illumina inc	18.0 M
ORCL	oracle corp	14.7 M
LOW	lowes cos inc	13.1 M
CB	chubb limited	11.3 M

Top 5 Losers (%)		%
CTAS	cintas corp	-72.3 %
ATEC	alphatec hldgs inc	-46.8 %
ENVX	enovix corporation	-34.1 %
CMBM	cambium networks corp	-33.7 %
PINS	pinterest inc	-27.1 %

Top 5 Losers ($)		$
PINS	pinterest inc	-18.1 M
GOOG	alphabet inc	-17.5 M
MSFT	microsoft corp	-14.1 M
LW	lamb weston hldgs inc	-13.7 M
GOOG	alphabet inc	-7.6 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 401 stocks in it's portfolio. About 29.4% of the portfolio is in top 10 stocks. PINS proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Cannell & Spears LLC last quarter.

Last Reported on: 12 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.00	1,703	252,861	unchanged	0.00

AAPL	apple inc	3.92	853,696	198,911,000	reduced	-3.48

ABBV	abbvie inc	0.87	223,810	44,198,000	reduced	-17.23

ABT	abbott labs	1.32	590,508	67,323,800	added	66.12

ACES	alps etf tr	0.00	0.00	0.00	sold off	-100

ACN	accenture plc ireland	0.02	2,321	820,427	reduced	-17.93

ACWF	ishares tr	0.00	0.00	0.00	sold off	-100

ADBE	adobe inc	1.12	110,228	57,074,100	added	7.01

ADI	analog devices inc	1.20	264,389	60,854,500	reduced	-13.16

ADP	automatic data processing in	0.47	87,023	24,081,900	reduced	-3.14

AEP	american elec pwr co inc	0.01	6,011	616,729	added	54.13

AFK	vaneck etf trust	0.01	9,125	445,391	unchanged	0.00

AFL	aflac inc	0.27	122,881	13,738,100	reduced	0.00

AGNC	agnc invt corp	0.01	33,500	350,410	new

AIG	american intl group inc	0.00	2,941	215,369	unchanged	0.00

AL	air lease corp	0.52	583,652	26,433,600	added	0.72

ALEC	alector inc	0.01	65,663	305,990	unchanged	0.00

ALIT	alight inc	0.01	82,400	609,760	new

ALL	allstate corp	0.00	1,198	227,201	new

AM	antero midstream corp	0.00	10,000	150,500	new