MAI Capital Management Q4 2019 Filing

Filed February 3, 2020

Portfolio Value

$3.1T

Holdings

585

Report Date

Q4 2019

Filing Type

13F-HR

All Holdings (585 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	IVViShares S&P 500 Index	549,460	$177.6B	5.76%
2	MSFTMicrosoft Corporation	863,367	$136.2B	4.41%	Put
3	SPYSPDR S&P 500 ETF	386,007	$124.2B	4.03%
4	AAPLApple Inc	254,709	$74.8B	2.42%	Put
5	—Epam Systems Inc	348,052	$73.8B	2.39%
6	MDYSPDR S&P Mid Cap 400 ETF	186,747	$70.1B	2.27%
7	METAFacebook	309,554	$63.5B	2.06%	Put
8	IJHiShares S&P Mid Cap Index	306,893	$63.2B	2.05%
9	AMZNAmazon.com	28,079	$51.9B	1.68%
10	—Alphabet Inc Class C	37,355	$49.9B	1.62%
11	TIGOMillicom International Cellula	1,018,368	$49.1B	1.59%
12	VVisa Inc Cl A	260,450	$48.9B	1.59%
13	BKNGBooking Holdings Inc	23,520	$48.3B	1.57%
14	HDHome Depot, Inc.	220,239	$48.1B	1.56%	Put
15	IWMiShares Russell 2000 Index	283,402	$47.0B	1.52%
16	IEMGiShares Core MSCI Emerging Mkt	739,121	$39.7B	1.29%
17	MAMastercard	131,032	$39.1B	1.27%
18	JPMJPMorgan Chase & Co.	278,884	$38.9B	1.26%
19	IJRiShares S&P Small Cap Index	447,023	$37.5B	1.21%
20	IVEiShares S&P Barra Value Index	281,533	$36.6B	1.19%
21	JNJJohnson & Johnson	234,097	$34.1B	1.11%
22	AQLTiShares Core MSCI EAFE	521,714	$34.0B	1.10%
23	—Alphabet Inc Class A	23,596	$31.6B	1.02%
24	SDYSPDR S&P Dividend ETF	279,177	$30.0B	0.97%
25	IWFiShares Russell 1000 Growth In	168,801	$29.7B	0.96%	Put
26	IJKiShares S&P Mid Cap 400 Growth	119,016	$28.3B	0.92%
27	BABAAlibaba Group Holding Limited	130,187	$27.6B	0.89%
28	UNHUnitedHealth Group Inc	92,633	$27.2B	0.88%	Put
29	VTIVanguard Tot Stock Mrkt ETF	160,033	$26.2B	0.85%
30	QCOMQualcomm Incorporated	296,416	$26.2B	0.85%	Put
31	IJJiShares S&P Mid Cap 400 Value	150,683	$25.7B	0.83%
32	SHWSherwin Williams Company	42,968	$25.1B	0.81%
33	CMCSAComcast Corp. Cl A	543,262	$24.4B	0.79%
34	ABTAbbott Laboratories	279,022	$24.2B	0.79%
35	INTCIntel Corp	402,900	$24.1B	0.78%	Put
36	NDQInvesco QQQ Trust	110,116	$23.4B	0.76%
37	IVWiShares S&P 500 Growth	113,643	$22.0B	0.71%
38	NEENextEra Energy	90,038	$21.8B	0.71%
39	EFAiShares MSCI EAFE Index	294,675	$20.5B	0.66%
40	IWDiShares Russell 1000 Value Ind	149,534	$20.4B	0.66%	Put
41	PEPPepsiCo, Inc.	146,743	$20.1B	0.65%
42	VWOVanguard FTSE Emerging Mkts ET	444,419	$19.8B	0.64%
43	BABoeing Company	59,684	$19.4B	0.63%
44	CSCOCisco Systems	397,889	$19.1B	0.62%
45	AMGNAmgen Inc	76,480	$18.4B	0.60%
46	TA T & T Corp New	467,137	$18.3B	0.59%
47	ADBEAdobe Inc	54,849	$18.1B	0.59%	Put
48	BACBank of America Corp	488,958	$17.2B	0.56%
49	HONHoneywell International, Inc.	96,764	$17.1B	0.56%
50	RTN1USDRaytheon Company	74,466	$16.4B	0.53%
51	MRKMerck & Co	177,086	$16.1B	0.52%
52	TRVCCitigroup	200,792	$16.0B	0.52%
53	KMIKinder Morgan, Inc.	738,679	$15.6B	0.51%
54	—RBC SPX 6-16-21 20 buff	12,515,000	$15.0B	0.48%
55	CBChubb Ltd	96,085	$15.0B	0.48%
56	BACVerizon Communications	226,312	$13.9B	0.45%	Put
57	NKENike Inc.	136,221	$13.8B	0.45%
58	DEODiageo PLC ADR	79,273	$13.4B	0.43%
59	—MS SPX 2-6-20 17.5 buff	10,142,000	$12.5B	0.41%
60	BRK/BBerkshire Hathaway Class B	54,242	$12.3B	0.40%
61	DISDisney, Walt Co.	82,529	$11.9B	0.39%
62	AMTAmerican Tower	51,760	$11.9B	0.39%
63	IWOiShares Russell 2000 Growth In	54,482	$11.7B	0.38%
64	WFCWells Fargo & Company	214,320	$11.5B	0.37%
65	CVSCVS Health Corp.	151,667	$11.3B	0.37%
66	XOMExxon Mobil Corp	160,216	$11.2B	0.36%	Put
67	COSTCostco Wholesale Corp	37,630	$11.1B	0.36%
68	XLNXEURXilinx Inc	112,929	$11.0B	0.36%
69	LOWLowe's Cos.	91,937	$11.0B	0.36%
70	PGProcter & Gamble	83,891	$10.5B	0.34%
71	—GS MXEF 6-16-21 20 buff	8,765,000	$10.5B	0.34%
72	SCHXSchwab US Large Cap ETF	136,017	$10.4B	0.34%
73	—RBC SPX 10-15-21 20 buff	9,450,000	$10.3B	0.33%
74	EPDEnterprise Products Ptnrs	365,445	$10.3B	0.33%
75	ETNEaton Corporation	108,572	$10.3B	0.33%
76	—JPM MXEA 6-16-21 20 buff	8,140,000	$9.7B	0.32%
77	IWNiShares Russell 2000 Value Ind	74,889	$9.6B	0.31%
78	VEAVanguard FTSE Developed Mkts E	211,235	$9.3B	0.30%
79	DBEFDeutsche X Tracks MSCI EAFE	269,444	$9.1B	0.29%
80	METMetlife Inc.	178,073	$9.1B	0.29%
81	ORCLOracle Corp	165,867	$8.8B	0.28%
82	MDLZMondelez Intl Inc Com	157,619	$8.7B	0.28%
83	SCZiShares MSCI EAFE Small Cap In	138,027	$8.6B	0.28%
84	LMTLockheed Martin	22,049	$8.6B	0.28%
85	CVXChevron Corporation	70,931	$8.5B	0.28%
86	RSPHInvesco S&P 500 Healthcare	37,927	$8.4B	0.27%
87	EEMiShares MSCI Emerg Mkts Indx F	187,068	$8.4B	0.27%
88	UTXZUnited Technologies	55,988	$8.4B	0.27%
89	—BNS MID 10-15-21 20 buff	7,760,000	$8.2B	0.26%
90	ABBVAbbVie Inc.	91,793	$8.1B	0.26%
91	STZConstellation Brands Inc.	42,337	$8.0B	0.26%
92	WQTMWisdomtree Midcap Dividend	188,318	$7.2B	0.23%
93	UPSUnited Parcel Service Inc.	58,797	$6.9B	0.22%
94	—GS RTY 5-21-20 10 buff	5,045,000	$6.8B	0.22%
95	MPCMarathon Petroleum Corp	110,123	$6.6B	0.22%
96	WEPMagellan Midstream Ptnrs LP	102,460	$6.4B	0.21%
97	ETEnergy Transfer LP	491,078	$6.3B	0.20%
98	—UBS E-TRACS Alerian MLP Infras	323,926	$6.3B	0.20%
99	GSLCGS Activebeta Large Cap ETF	94,391	$6.1B	0.20%
100	BPBP Amoco PLC ADR	160,181	$6.0B	0.20%

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