Selway Asset Management

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 10, 2024), Selway Asset Management reported 79 stock positions worth $249.5 million. Its top holding was Apple (AAPL) at 8.9% of the portfolio, followed by iShares 0-1 Year Treasury Bo (SHV, 7.4%) and Microsoft (MSFT, 6.3%). Compared with Q4 2023, it opened 1 new position, sold out of 2, added to 21 and reduced 25. The biggest buy was Amgen (AMGN, shares +706%) and the biggest sale an exit from Wesco International (WCC).

Most Recent 13F
Q1 2025
Location
BOISE, ID
CIK
0001080523
Portfolio Value
$249.5M (Q1 2024)
SEC Filing
0001080523-24-000005 ↗ filed Apr 10, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $249.5M $249.5M Q1 2024 Q2 2024: $244.9M Q2 2024 Q3 2024: $255.8M Q3 2024 Q4 2024: $254.5M Q4 2024 Q1 2025: $242.4M Q1 2025

Holdings 79 stocks · $249.5M
AAPL Apple Inc. 8.90% 129,449 $22.2M Reduce -0.6%
SHV iShares 0-1 Year Treasury Bo 7.44% 167,935 $18.6M Reduce -3.5%
MSFT Microsoft Corp. 6.32% 37,467 $15.8M Reduce -1.4%
GOOGL Alphabet Inc. Class A 3.70% 61,159 $9.2M Add +1.2%
CI The Cigna Group 3.33% 22,863 $8.3M Add +1.6%
JPM JPMorgan Chase & Co. 3.29% 41,037 $8.2M Reduce -0.2%
HD Home Depot Inc. 3.25% 21,122 $8.1M Add +5.0%
QCOM Qualcomm Inc. 3.20% 47,129 $8.0M Add +1.5%
AMZN Amazon.com Inc. 2.78% 38,395 $6.9M Reduce -2.5%
FDX FedEx Corp. 2.69% 23,126 $6.7M Reduce -0.5%
FISV Fiserv Inc. 2.52% 39,405 $6.3M Reduce -1.3%
CSCO Cisco Systems Inc. 2.30% 114,957 $5.7M Add +0.1%
CB Chubb Ltd. 2.19% 21,092 $5.5M Reduce -0.1%
CMI Cummins Inc. 2.07% 17,527 $5.2M Add +1.1%
ORCL Oracle Corp. 1.88% 37,380 $4.7M Add +0.4%
BDX Becton Dickinson and Co. 1.79% 17,998 $4.5M Add +30.7%
AXP American Express Co. 1.65% 18,107 $4.1M Reduce -0.2%
CVS CVS Health Corp. 1.65% 51,641 $4.1M Reduce -0.1%
PEP Pepsico Inc. 1.64% 23,372 $4.1M Add +51.2%
DE Deere & Co. 1.63% 9,900 $4.1M Add +1.0%
AMGN Amgen Inc. 1.61% 14,157 $4.0M Add +705.8%
CVX Chevron Corp. 1.57% 24,860 $3.9M Add +3.4%
GNRC Generac Holdings Inc. 1.53% 30,260 $3.8M No change
MPC Marathon Petroleum Corp. 1.49% 18,466 $3.7M Reduce -63.7%
ETN Eaton Corp. PLC 1.40% 11,180 $3.5M Reduce -51.9%
INTC Intel Corp. 1.39% 78,280 $3.5M Reduce -0.9%
XPMFX PIMCO Municipal Income Fund 1.38% 368,400 $3.4M Reduce -1.9%
ZBH Zimmer Biomet Holdings Inc. 1.33% 25,059 $3.3M Add +21.4%
WFC Wells Fargo & Co. 1.27% 54,600 $3.2M No change
META Meta Platforms Inc. Class A 1.27% 6,500 $3.2M Reduce -7.8%
SPY SS SPDR S&P 500 ETF Trust-US 1.25% 5,984 $3.1M Reduce -7.3%
PII Polaris Inc. 1.14% 28,494 $2.9M Reduce -2.7%
RTX RTX Corp. 1.05% 26,797 $2.6M Add +0.9%
PYPL PayPal Holdings Inc. 1.01% 37,667 $2.5M Reduce -1.3%
CTSH Cognizant Tech Solutions-A 0.96% 32,725 $2.4M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.92% 18,677 $2.3M No change
BMY Bristol-Myers Squibb Co. 0.87% 39,966 $2.2M Reduce -2.7%
CARR Carrier Global Corp. 0.86% 37,067 $2.2M Add +6.3%
C Citigroup Inc. 0.84% 33,117 $2.1M No change
JNJ Johnson & Johnson 0.84% 13,187 $2.1M No change
OTIS Otis Worldwide Corp. 0.77% 19,271 $1.9M Add +8.3%
SVXY Proshares Short Vix St Futur 0.72% 15,887 $1.8M Add +3.3%
VSTO Vista Outdoor Inc. 0.70% 53,614 $1.8M Reduce -2.1%
AAP Advance Auto Parts Inc. 0.64% 18,900 $1.6M No change
ET Energy Transfer LP 0.60% 94,900 $1.5M No change
STT State Street Corp. 0.57% 18,500 $1.4M No change
SVIX -1X Short Vix Futures ETF 0.51% 29,800 $1.3M Add +13.3%
BHK BlackRock Core Bond Trust 0.50% 115,515 $1.2M No change
SYY Sysco Corp. 0.49% 14,913 $1.2M Reduce -0.9%
ALK Alaska Air Group Inc. 0.46% 26,700 $1.1M Add +0.8%
COF Capital One Financial Corp. 0.43% 7,233 $1.1M No change
GS Goldman Sachs Group Inc. 0.41% 2,470 $1.0M Reduce -10.8%
BRK.B Berkshire Hathaway Inc. Class B 0.39% 2,285 $961K No change
BITF Bitfarms Ltd./Canada 0.33% 363,808 $811K Add +2906.7%
BGB Blackstone Strategic Credit 0.29% 60,105 $715K Reduce -2.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.27% 3,550 $678K No change
COR Cencora Inc. 0.27% 2,775 $674K No change
XEVVX Eaton Vance Ltd. Durat Inc. 0.27% 68,979 $673K No change
RSP Invesco S&P 500 Equal Weight 0.26% 3,788 $642K No change
MLPB Etracs Alerian Infrast Ser B filed as UBS AG LONDON BRANCH 0.25% 25,840 $624K No change
AVGO Broadcom Inc. 0.24% 455 $603K No change
HPS John Hancock Prefer Inc. III 0.24% 38,760 $598K No change
XEADX Allspring Income Opport 0.23% 85,190 $566K No change
LRCX Lam Research Corp. 0.19% 500 $486K No change
VGT Vanguard Info Tech ETF 0.19% 900 $472K Add +28.6%
IJH iShares Core S&P Midcap ETF 0.18% 7,500 $456K No change
BITX 2X Bitcoin ETF 0.16% 7,500 $399K New
XOM Exxon Mobil Corp. 0.14% 3,025 $352K Reduce -5.5%
AMD Advanced Micro Devices 0.14% 1,900 $343K No change
ERC Allspring Multi-Sector Inc. 0.13% 35,851 $334K No change
IJR iShares Core S&P Small-Cap E 0.13% 3,000 $332K No change
HPI John Hancock Prefer Inc. 0.12% 18,145 $302K No change
GOOG Alphabet Inc. Class C 0.10% 1,600 $244K No change
USB US Bancorp 0.09% 4,896 $219K No change
VIG Vanguard Dividend Apprec ETF 0.09% 1,190 $217K No change
VTI VG Morningstar TS MKT ETF-US 0.08% 800 $208K Reduce -11.1%
PLD Prologis Inc. 0.08% 1,581 $206K No change
UNP Union Pacific Corp. 0.08% 822 $202K No change
XFRAX BlackRock Fltng RT Inc. Strat 0.07% 13,600 $176K No change

Options reported separately and not counted above: BITF calls ($200).

Other holdings (1): bonds, preferreds, convertibles and warrants · $849K (not counted above)
SecurityClassShares / PrincipalValueChange
DJTWW Trump Media & Technology Gro *W EXP 03/25/202 31,000$849KNew

Total filed on the 13F, all lines: $250.3M.

Portfolio Sells Q4 2023 → Q1 2024
WCC Wesco International Inc. Sold out 0.00% −1.95
MPC Marathon Petroleum Corp. Reduce -63.7% 1.49% −1.68
AAPL Apple Inc. Reduce -0.6% 8.90% −1.64
ETN Eaton Corp. PLC Reduce -51.9% 1.40% −0.95
ABBV Abbvie Inc. Sold out 0.00% −0.69
SHV iShares 0-1 Year Treasury Bo Reduce -3.5% 7.44% −0.61
INTC Intel Corp. Reduce -0.9% 1.39% −0.28
XPMFX PIMCO Municipal Income Fund Reduce -1.9% 1.38% −0.10
CVS CVS Health Corp. Reduce -0.1% 1.65% −0.06
GS Goldman Sachs Group Inc. Reduce -10.8% 0.41% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -7.3% 1.25% −0.04
PII Polaris Inc. Reduce -2.7% 1.14% −0.02
BMY Bristol-Myers Squibb Co. Reduce -2.7% 0.87% −0.02
VTI VG Morningstar TS MKT ETF-US Reduce -11.1% 0.08% −0.01
BGB Blackstone Strategic Credit Reduce -2.0% 0.29% −0.00
XOM Exxon Mobil Corp. Reduce -5.5% 0.14% +0.01
SYY Sysco Corp. Reduce -0.9% 0.49% +0.02
VSTO Vista Outdoor Inc. Reduce -2.1% 0.70% +0.02
PYPL PayPal Holdings Inc. Reduce -1.3% 1.01% +0.03
CB Chubb Ltd. Reduce -0.1% 2.19% +0.19
FDX FedEx Corp. Reduce -0.5% 2.69% +0.22
META Meta Platforms Inc. Class A Reduce -7.8% 1.27% +0.22
AXP American Express Co. Reduce -0.2% 1.65% +0.22
AMZN Amazon.com Inc. Reduce -2.5% 2.78% +0.26
FISV Fiserv Inc. Reduce -1.3% 2.52% +0.30
MSFT Microsoft Corp. Reduce -1.4% 6.32% +0.32
JPM JPMorgan Chase & Co. Reduce -0.2% 3.29% +0.36

Portfolio Buys Q4 2023 → Q1 2024
AMGN Amgen Inc. Add +705.8% 1.61% +1.40
PEP Pepsico Inc. Add +51.2% 1.64% +0.54
CI The Cigna Group Add +1.6% 3.33% +0.50
QCOM Qualcomm Inc. Add +1.5% 3.20% +0.38
BDX Becton Dickinson and Co. Add +30.7% 1.79% +0.37
CMI Cummins Inc. Add +1.1% 2.07% +0.33
HD Home Depot Inc. Add +5.0% 3.25% +0.32
BITF Bitfarms Ltd./Canada Add +2906.7% 0.33% +0.31
ZBH Zimmer Biomet Holdings Inc. Add +21.4% 1.33% +0.27
ORCL Oracle Corp. Add +0.4% 1.88% +0.23
BITX 2X Bitcoin ETF New 0.16% +0.16
GOOGL Alphabet Inc. Class A Add +1.2% 3.70% +0.15
RTX RTX Corp. Add +0.9% 1.05% +0.11
OTIS Otis Worldwide Corp. Add +8.3% 0.77% +0.10
SVIX -1X Short Vix Futures ETF Add +13.3% 0.51% +0.09
CVX Chevron Corp. Add +3.4% 1.57% +0.06
SVXY Proshares Short Vix St Futur Add +3.3% 0.72% +0.05
VGT Vanguard Info Tech ETF Add +28.6% 0.19% +0.05
ALK Alaska Air Group Inc. Add +0.8% 0.46% +0.03
CARR Carrier Global Corp. Add +6.3% 0.86% +0.02
DE Deere & Co. Add +1.0% 1.63% −0.02
CSCO Cisco Systems Inc. Add +0.1% 2.30% −0.14

Options Activity Q4 2023 → Q1 2024
BITF Bitfarms Ltd./Canada call Reduce -10.4% 89,900 $200

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2023 → Q1 2024
DJTWW Trump Media & Technology Gro *W EXP 03/25/202 New 31,000 $849K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2025 75$242.4MAAPL, SHV, MSFT, JPM, GOOGL
Q4 2024Amended 77$254.5MAAPL, SHV, MSFT, GOOGL, JPM
Q3 2024 74$255.8MAAPL, SHV, MSFT, GOOGL, JPM
Q2 2024Amended 75$244.9MAAPL, SHV, MSFT, GOOGL, QCOM
Q1 2024Amended 79$249.5MAAPL, SHV, MSFT, GOOGL, CI