TCTC Holdings, LLC

Key Holdings

The portfolio is dominated by a massive conviction position in HF Sinclair Corp (DINO), which constitutes 19.15% of the total portfolio value at $645.43 million. This outsized position indicates an exceptionally strong bullish view on the energy/refining sector or a specific strategic allocation to this entity. Outside of DINO, the portfolio is balanced with high-quality blue-chip stocks. Microsoft (MSFT) is the second-largest holding at 5.16%, followed by major financial institutions JPMorgan Chase (JPM) at 3.62% and Berkshire Hathaway (BRK/B) at 3.50%.

Notably, the portfolio includes significant positions in "Old Economy" stocks that balance out the tech exposure, such as Waste Management (WM) at 2.98% and Aflac (AFL) at 2.68%. The top 50 list reveals a preference for established, cash-generative businesses across various sectors, including IBM, Uber, Apple, Chubb, and Linde.