Jolley Asset Management 13F annual report
Jolley Asset Management is an investment fund managing more than $130 million ran by Terry Sapp. There are currently 76 companies in Mr. Sapp’s portfolio. The largest investments include Sony and Intel, together worth $9.34 million.
$130 million Assets Under Management (AUM)
As of 7th October 2020, Jolley Asset Management’s top holding is 80,032 shares of Sony currently worth over $4.74 million and making up 3.6% of the portfolio value.
Relative to the number of outstanding shares of Sony, Jolley Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 85,112 shares of Intel worth $4.61 million, whose value fell 11.3% in the past six months.
The third-largest holding is Merck & Co worth $4.26 million and the next is Berkshire Hathaway worth $4.2 million, with 22,985 shares owned.
Currently, Jolley Asset Management's portfolio is worth at least $130 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Jolley Asset Management
The Jolley Asset Management office and employees reside in Rocky Mount, North Carolina. According to the last 13-F report filed with the SEC, Terry Sapp serves as the Chief Compliance Officer at Jolley Asset Management.
Recent trades
In the most recent 13F filing, Jolley Asset Management revealed that it had opened a new position in
Alphabet and bought 3,329 shares worth $3.87 million.
This means they effectively own approximately 0.1% of the company.
Alphabet makes up
24.9%
of the fund's Technology sector allocation and has grown its share price by 28.7% in the past year.
The investment fund also strengthened its position in Berkshire Hathaway by buying
1,267 additional shares.
This makes their stake in Berkshire Hathaway total 22,985 shares worth $4.2 million.
Berkshire Hathaway soared 2.4% in the past year.
On the other hand, there are companies that Jolley Asset Management is getting rid of from its portfolio.
Jolley Asset Management closed its position in Delta Air Lines on 15th April 2020.
It sold the previously owned 87,044 shares for $5.09 million.
Terry Sapp also disclosed a decreased stake in Sony by approximately 0.1%.
This leaves the value of the investment at $4.74 million and 80,032 shares.
One of the smallest hedge funds
The two most similar investment funds to Jolley Asset Management are Sanchez Wealth Management and Astoria Strategic Wealth. They manage $130 million and $130 million respectively.
Terry Sapp investment strategy
Jolley Asset Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Finance — making up 12.0% of
the total portfolio value.
The fund focuses on investments in the United States as
40.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
37% of the total holdings value.
On the other hand, small-cap stocks make up only 2.6% of the portfolio.
The average market cap of the portfolio companies is close to $230 billion.
The complete list of Jolley Asset Management trades based on 13F SEC filings
These positions were updated on April 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Delta Air Lines, Inc. |
Closed
87,044
|
$5,090,000 | |
| Sony Corp. |
5.23%
80,032
|
$4,736,000 | 3.64% |
| Intel Corp. |
2.41%
85,112
|
$4,606,000 | 3.54% |
| Avx Corp New |
Closed
212,212
|
$4,344,000 | |
| Merck & Co., Inc. |
2.31%
55,335
|
$4,257,000 | 3.27% |
| Berkshire Hathaway Inc. |
5.83%
22,985
|
$4,202,000 | 3.23% |
| Pfizer Inc. |
0.28%
125,898
|
$4,109,000 | 3.16% |
| CVS Health Corp. |
0.59%
68,038
|
$4,037,000 | 3.10% |
| Dominion Energy, Inc. |
0.43%
55,467
|
$4,004,000 | 3.08% |
| Verizon Communications, Inc. |
0.87%
72,458
|
$3,893,000 | 2.99% |
| Novartis A G |
1.56%
46,955
|
$3,871,000 | 2.98% |
| Alphabet, Inc. |
Opened
3,329
|
$3,868,000 | 2.97% |
| Gilead Sciences, Inc. |
Closed
59,376
|
$3,858,000 | |
| Cisco Sys Inc |
1.15%
97,283
|
$3,824,000 | 2.94% |
| United Parcel Service, Inc. |
1.72%
40,360
|
$3,770,000 | 2.90% |
| QUALCOMM, Inc. |
0.47%
54,999
|
$3,721,000 | 2.86% |
| Diageo P L C |
1,233.29%
28,519
|
$3,625,000 | 2.79% |
| Walmart, Inc. |
Closed
29,999
|
$3,565,000 | |
| The Coca-Cola Co. |
Opened
75,354
|
$3,334,000 | 2.56% |
| JPMorgan Chase & Co. |
3.96%
36,910
|
$3,323,000 | 2.56% |
| Bk Of America Corp |
2.54%
153,796
|
$3,265,000 | 2.51% |
| Disney Walt Co |
0.57%
32,878
|
$3,176,000 | 2.44% |
| Servicemaster Global Hldgs I |
Opened
117,065
|
$3,161,000 | 2.43% |
| The TJX Cos., Inc. |
Opened
64,480
|
$3,083,000 | 2.37% |
| Comcast Corp New |
2.58%
89,158
|
$3,065,000 | 2.36% |
| Twitter, Inc. |
Opened
123,510
|
$3,033,000 | 2.33% |
| Loews Corp. |
1.96%
83,554
|
$2,910,000 | 2.24% |
| Raytheon Co |
2.12%
21,285
|
$2,792,000 | 2.15% |
| Apple, Inc. |
48.25%
10,582
|
$2,691,000 | 2.07% |
| MetLife, Inc. |
0.40%
87,799
|
$2,684,000 | 2.06% |
| Bayer A G (adr's) |
Opened
160,942
|
$2,329,000 | 1.79% |
| Abbott Labs |
2.43%
26,113
|
$2,061,000 | 1.58% |
| The Mosaic Co. |
2.19%
190,359
|
$2,060,000 | 1.58% |
| Roche Holdings Ltd |
Opened
49,605
|
$2,012,000 | 1.55% |
| Invesco Ltd. |
1.55%
217,724
|
$1,977,000 | 1.52% |
| Hancock John Tax-advantaged |
0.20%
102,602
|
$1,805,000 | 1.39% |
| Gabelli Equity Tr Inc |
No change
412,293
|
$1,793,000 | 1.38% |
| Chevron Corp. |
2.19%
21,245
|
$1,539,000 | 1.18% |
| Ishares Tr |
0.82%
32,234
|
$1,920,000 | 1.48% |
| Applied Matls Inc |
65.01%
30,352
|
$1,391,000 | 1.07% |
| Gabelli Divid & Income Tr |
0.33%
91,222
|
$1,351,000 | 1.04% |
| AbbVie, Inc. |
1.01%
15,038
|
$1,146,000 | 0.88% |
| Eaton Vance Tax Adv Global Div |
Opened
92,351
|
$1,104,000 | 0.85% |
| Schlumberger Ltd |
0.20%
79,226
|
$1,069,000 | 0.82% |
| Exxon Mobil Corp. |
2.44%
21,095
|
$801,000 | 0.62% |
| Liberty All Star Equity Fd |
9.66%
156,585
|
$758,000 | 0.58% |
| Nestle Sa Adr |
Opened
7,232
|
$745,000 | 0.57% |
| Pepsico Inc |
12.98%
5,826
|
$700,000 | 0.54% |
| Alpine Total Dynamic Dividend |
Opened
101,295
|
$667,000 | 0.51% |
| Gabelli Multimedia Tr Inc |
10.01%
120,937
|
$654,000 | 0.50% |
| Fox Corp. |
4.60%
28,197
|
$645,000 | 0.50% |
| Discovery, Inc. |
11.56%
30,445
|
$592,000 | 0.46% |
| Dollar Tree, Inc. |
5.63%
7,827
|
$575,000 | 0.44% |
| Invesco Exchange Traded Fd T |
8.93%
6,457
|
$543,000 | 0.42% |
| Voya Infrastructure Indls & |
8.21%
65,919
|
$536,000 | 0.41% |
| Vaneck Vectors Etf Tr |
89.03%
20,059
|
$462,000 | 0.36% |
| MGM Resorts International |
Closed
13,740
|
$457,000 | |
| Royal Dutch Shell PLC |
Closed
12,099
|
$718,000 | |
| Eaton Vance Tax Advt Div Inc |
No change
24,589
|
$414,000 | 0.32% |
| FedEx Corp. |
1.51%
3,365
|
$408,000 | 0.31% |
| Bunge Limited |
2.95%
8,730
|
$358,000 | 0.28% |
| The Goldman Sachs Group, Inc. |
15.18%
2,231
|
$345,000 | 0.27% |
| Vanguard Intl Equity Index F |
2.04%
10,094
|
$339,000 | 0.26% |
| Microsoft Corp. |
23.50%
2,103
|
$332,000 | 0.26% |
| Axalta Coating Sys Ltd |
0.52%
19,157
|
$331,000 | 0.25% |
| Medical Pptys Trust Inc |
No change
15,863
|
$274,000 | 0.21% |
| Unilever Plc |
Opened
5,363
|
$271,000 | 0.21% |
| Royal Bk Cda Montreal Que |
Closed
3,300
|
$261,000 | |
| Flowers Foods, Inc. |
Closed
11,800
|
$257,000 | |
| Aberdeen Global Premier Proper |
Opened
56,692
|
$240,000 | 0.18% |
| Vanguard Index Fds |
No change
2,018
|
$233,000 | 0.18% |
| Procter & Gamble Co. |
4.21%
2,105
|
$232,000 | 0.18% |
| Cohen & Steers Infrastructur |
No change
12,075
|
$228,000 | 0.18% |
| Vanguard Intl Equity Index F |
Closed
3,850
|
$226,000 | |
| Norfolk Southern Corp. |
3.23%
1,500
|
$219,000 | 0.17% |
| Emerson Elec Co |
No change
4,600
|
$219,000 | 0.17% |
| Truist Finl Corp |
Closed
3,775
|
$213,000 | |
| Nutrien Ltd. |
2.20%
6,050
|
$205,000 | 0.16% |
| Lowes Cos Inc |
2.09%
2,338
|
$201,000 | 0.15% |
| Tekla Life Sciences Investors |
Opened
13,223
|
$198,000 | 0.15% |
| Cbre Clarion Global Real Est |
No change
32,579
|
$171,000 | 0.13% |
| Calamos Strategic Totl Retn |
No change
16,179
|
$158,000 | 0.12% |
| Blue Harbor Bank Nc |
Opened
16,330
|
$135,000 | 0.10% |
| F N B Corp |
No change
18,151
|
$134,000 | 0.10% |
| Blackrock Enhanced Equity Di |
No change
10,525
|
$69,000 | 0.05% |
| Blackrock Res & Commodities |
Opened
13,200
|
$67,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 86 holdings | |||
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