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Waters, Parkerson & Co., LLC
J. Baldwin Montgomery · Investment Advisor · Value
Founded in 1933 and based in New Orleans, Waters, Parkerson & Co., LLC is a fee-only, independent, employee-owned Registered Investment Advisor that specializes in personalized investment advice and financial planning for high-net-worth individuals and institutions. The firm manages over $2 billion in client assets, adhering to a tradition of providing fundamentally sound investment advice and maintaining long-lasting relationships. Their approach is characterized by active portfolio management and a disciplined, conservative investment strategy across multi-generational client accounts in more than 35 states.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +15.0% |
| YTD return | +9.4% |
| Sharpe ratio | 3.23 |
| Win rate | 53% |
| AUM | $1.4B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.4B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://watersparkerson.com/ |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| COHR | Coherent Inc | 8.9% | +112.1% |
| JPM | JPMorgan Chase & Co | 8.6% | +13.4% |
| V | Visa Inc. Class A | 7.8% | +6.8% |
| MSFT | Microsoft Corporation | 7.8% | +0.0% |
| TMO | Thermo Fisher Scientific Inc | 6.6% | +22.8% |
| META | Meta Platforms Inc. | 6.5% | -3.4% |
| XOM | Exxon Mobil Corp | 6.0% | +39.0% |
| ROK | Rockwell Automation Inc | 5.2% | +16.9% |
| BAC | Bank of America Corp | 5.1% | +13.6% |
| HD | The Home Depot Inc | 4.8% | -22.7% |
| PM | Philip Morris International Inc | 4.5% | +16.6% |
| CVX | Chevron Corp | 4.0% | +32.1% |
| ABT | Abbott Laboratories | 3.7% | -17.3% |
| AMZN | Amazon.com Inc | 3.6% | +11.2% |
| AAPL | Apple Inc | 3.4% | +30.3% |
| MRK | Merck & Company Inc | 3.2% | +53.8% |
| ACN | Accenture plc | 2.7% | +9.7% |
| PG | Procter & Gamble Company | 2.6% | -2.8% |
| WM | Waste Management Inc | 2.5% | -8.2% |
| J | Jacobs Solutions Inc. | 2.5% | -2.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 10, 2026 | BUY | PG | 2.6% → 2.6% |
| Aug 10, 2026 | BUY | ROK | 5.9% → 5.2% |
| Aug 10, 2026 | SELL | AAPL | 3.4% → 3.4% |
| Aug 10, 2026 | BUY | AMZN | 3.5% → 3.6% |
| Aug 10, 2026 | SELL | ACN | 2.5% → 2.7% |
Investment Style Analysis
Waters, Parkerson & Co., LLC is widely recognized for employing a Value strategy. As of Sep 18, 2026, the firm oversees approximately $1.4B in assets under management (AUM). The portfolio demonstrates a clear preference for the Banks - Diversified and Oil & Gas Integrated sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 10, Waters, Parkerson & Co., LLC made a significant move by increasing exposure to PG. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Waters, Parkerson & Co., LLC's investment philosophy is conservative, emphasizing asset diversification and the preservation of capital. The firm utilizes a disciplined, long-term, and independent approach to develop personalized and tax-efficient portfolios. Their equity strategy focuses on bottom-up selection of undervalued companies with strong fundamentals and a history of earnings growth, aiming to separate short-term market volatility from fundamental changes. The fixed income strategy prioritizes maximum current income and safety of principal through a diversified portfolio of corporate, agency, and municipal bonds with staggered maturities.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Waters, Parkerson & Co., LLC.
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Frequently asked questions
How is the simulated portfolio for Waters, Parkerson & Co., LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Waters, Parkerson & Co., LLC's largest holding?
As of the latest filing, Waters, Parkerson & Co., LLC's top position is Coherent Inc (COHR), representing 8.9% of the portfolio. This reflects a high-conviction bet by the institution.
What is Waters, Parkerson & Co., LLC's historical performance and risk profile?
Our simulation indicates a total return of +15.0% with a win rate of 53%. Notably, the portfolio maintains a Sharpe Ratio of 3.23, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Waters, Parkerson & Co., LLC primarily invest in?
Waters, Parkerson & Co., LLC has a strong preference for the Banks - Diversified sector, which makes up 13.6% of their disclosed assets. The portfolio also has exposure to Oil & Gas Integrated, indicating a specific thematic focus.
Is Waters, Parkerson & Co., LLC's portfolio concentrated or diversified?
Waters, Parkerson & Co., LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 25.3% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Waters, Parkerson & Co., LLC performed in 2026?
Our AI-simulated model portfolio for Waters, Parkerson & Co., LLC tracks a Year-to-Date (YTD) return of +9.4%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does J. Baldwin Montgomery manage Waters, Parkerson & Co., LLC directly?
Yes, J. Baldwin Montgomery serves as the key portfolio manager for Waters, Parkerson & Co., LLC, overseeing the investment strategy and final capital allocation decisions.