13F
中
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PATTEN & PATTEN INC/TN

13F equity value
$1.7B
Positions
338
Top 10 concentration
32.1%
Quarters / total new picks
29 / 148
13F equity value over time
$0M$852M$2B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 29 quarters, returned +3.7% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 51.7% of quarters (excess t = 0.51, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+1.2%
t-stat
0.51
Quarterly win rate
52%
Annualized excess
+4.1%
$1 → follow vs universe
$2.46 vs $1.89
Cumulative return: $1 invested in new picks vs universe
1.00 20180630: universe 0.92120180930: universe 0.96320190331: universe 0.94720190630: universe 1.01820190930: universe 1.09420191231: universe 0.88320200331: universe 1.06420200630: universe 1.17620200930: universe 1.44220201231: universe 1.50820210331: universe 1.52120210630: universe 1.64320210930: universe 1.47520211231: universe 1.25520220331: universe 1.34720220630: universe 1.24820221231: universe 1.15920230331: universe 1.22120230630: universe 1.17820230930: universe 1.33720231231: universe 1.39720240331: universe 1.42820240630: universe 1.55820240930: universe 1.54420241231: universe 1.44120250331: universe 1.57120250630: universe 1.62120250930: universe 1.82220251231: universe 1.885 20180630: follow 0.91620180930: follow 0.64620190331: follow 0.60720190630: follow 0.74720190930: follow 0.82720191231: follow 0.78720200331: follow 0.93520200630: follow 0.98820200930: follow 1.11920201231: follow 1.27020210331: follow 1.25720210630: follow 1.36320210930: follow 1.33420211231: follow 1.34120220331: follow 1.30120220630: follow 1.23020221231: follow 1.21720230331: follow 1.34120230630: follow 1.41520230930: follow 1.53020231231: follow 1.70620240331: follow 1.72320240630: follow 2.12220240930: follow 2.05220241231: follow 2.10420250331: follow 2.13920250630: follow 2.10120250930: follow 2.19920251231: follow 2.459 0.56 1.61 2.66 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 338 · 2026 Q1

Ticker Value Weight QoQ
AAPL $158M
9.5%
TRIM
GOOGL $58M
3.5%
HOLD
MSFT $55M
3.3%
HOLD
IXN $54M
3.3%
HOLD
VGSH $49M
3.0%
ADD
ABBV $35M
2.1%
HOLD
JPM $34M
2.1%
TRIM
SW $31M
1.9%
HOLD
V $30M
1.8%
HOLD
RTX $28M
1.7%
HOLD
WMT $27M
1.6%
TRIM
PGR $27M
1.6%
TRIM
XOM $24M
1.5%
ADD
TJX $23M
1.4%
HOLD
COP $23M
1.4%
TRIM
JNJ $22M
1.3%
HOLD
COST $22M
1.3%
HOLD
LECO $21M
1.3%
HOLD
GOOG $21M
1.3%
TRIM
OEF $20M
1.2%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

DOWITWIXCSPYGXARZIM

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.