# EDGAR Filing Document

**Accession Number:** 0000320376
**File Stem:** 0001172661-23-000239
**Filing Date:** 2023-1
**Character Count:** 14570
**Document Hash:** 656a2abb8d712d349c84cbf78312474c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000239.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001172661-23-000239

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230120

**EFFECTIVENESS DATE**: 20230120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MCRAE CAPITAL MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0000320376
- **IRS NUMBER:** 222322154
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01032
- **FILM NUMBER:** 23540896

**BUSINESS ADDRESS:**
- **STREET 1:** 230 MADISON AVENUE
- **CITY:** MORRISTOWN
- **STATE:** NJ
- **ZIP:** 07960
- **BUSINESS PHONE:** (973) 387-1080

**MAIL ADDRESS:**
- **STREET 1:** 230 MADISON AVENUE
- **CITY:** MORRISTOWN
- **STATE:** NJ
- **ZIP:** 07960

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** MCRAE CAPITAL MANAGEMENT INC<br>**Address:** 230 Madison Avenue<br>Morristown, NJ 07960

**Form 13F File Number:** 028-01032

**CRD Number (if applicable):** 000104567

**SEC File Number (if applicable):** 801-15717

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Roderick McRae III<br>**Title:** Managing Partner  Chief Compliance Officer<br>**Phone:** 973-387-1080

**Signature, Place, and Date of Signing:**

/s/   Roderick McRae III  Morristown, NJ  01-20-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 101

**Form 13F Information Table Value Total:** $341891957

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 675977 | 6157 | SH |  | SOLE |  | 0 | 0 | 6157 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 442811 | 2740 | SH |  | SOLE |  | 0 | 0 | 2740 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 6890349 | 25822 | SH |  | SOLE |  | 0 | 0 | 25822 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG001S77MK3 | 415920 | 8000 | SH |  | SOLE |  | 0 | 0 | 8000 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 344097 | 3900 | SH |  | SOLE |  | 0 | 0 | 3900 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 252881 | 2850 | SH |  | SOLE |  | 0 | 0 | 2850 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 456915 | 9996 | SH |  | SOLE |  | 0 | 0 | 9996 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 612214 | 2331 | SH |  | SOLE |  | 0 | 0 | 2331 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 3400660 | 26173 | SH |  | SOLE |  | 0 | 0 | 26173 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 | BBG001S5ND74 | 370657 | 3992 | SH |  | SOLE |  | 0 | 0 | 3992 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 469587 | 1966 | SH |  | SOLE |  | 0 | 0 | 1966 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 682117 | 14985 | SH |  | SOLE |  | 0 | 0 | 14985 |
| BARINGS GLOBAL SHORT DURATIO | COM | 06760L100 | BBG0034WH517 | 241548 | 19050 | SH |  | SOLE |  | 0 | 0 | 19050 |
| BARRICK GOLD CORP | COM | 067901108 | BBG001S5N9P3 | 171800 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 9632848 | 37880 | SH |  | SOLE |  | 0 | 0 | 37880 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 14913442 | 207275 | SH |  | SOLE |  | 0 | 0 | 207275 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | BBG001SR7MB9 | 8477598 | 63204 | SH |  | SOLE |  | 0 | 0 | 63204 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 9856140 | 41143 | SH |  | SOLE |  | 0 | 0 | 41143 |
| CERENCE INC | COM | 156727109 | BBG00MMDJG93 | 1869825 | 100908 | SH |  | SOLE |  | 0 | 0 | 100908 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 | BBG001SB85K0 | 14373283 | 113929 | SH |  | SOLE |  | 0 | 0 | 113929 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 454841 | 2534 | SH |  | SOLE |  | 0 | 0 | 2534 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 1388456 | 6294 | SH |  | SOLE |  | 0 | 0 | 6294 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 351774 | 7384 | SH |  | SOLE |  | 0 | 0 | 7384 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HZT0 | 245511 | 6236 | SH |  | SOLE |  | 0 | 0 | 6236 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 265445 | 4173 | SH |  | SOLE |  | 0 | 0 | 4173 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 543272 | 4604 | SH |  | SOLE |  | 0 | 0 | 4604 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 446457 | 978 | SH |  | SOLE |  | 0 | 0 | 978 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 1443885 | 5440 | SH |  | SOLE |  | 0 | 0 | 5440 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 301908 | 3475 | SH |  | SOLE |  | 0 | 0 | 3475 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 284664 | 2764 | SH |  | SOLE |  | 0 | 0 | 2764 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 243273 | 1550 | SH |  | SOLE |  | 0 | 0 | 1550 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 1091410 | 9895 | SH |  | SOLE |  | 0 | 0 | 9895 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 10860730 | 107458 | SH |  | SOLE |  | 0 | 0 | 107458 |
| FORTIVE CORP | COM | 34959J108 | BBG00BLVZ237 | 269850 | 4200 | SH |  | SOLE |  | 0 | 0 | 4200 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 426821 | 1243 | SH |  | SOLE |  | 0 | 0 | 1243 |
| HANCOCK JOHN PFD INCOME FD | SH BEN INT | 41013W108 | BBG001S6WS24 | 231120 | 14400 | SH |  | SOLE |  | 0 | 0 | 14400 |
| HECLA MNG CO | COM | 422704106 | BBG001S5RXF7 | 222400 | 40000 | SH |  | SOLE |  | 0 | 0 | 40000 |
| HERSHEY CO | COM | 427866108 | BBG001S5S148 | 2373773 | 10251 | SH |  | SOLE |  | 0 | 0 | 10251 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 866404 | 2743 | SH |  | SOLE |  | 0 | 0 | 2743 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 779877 | 3639 | SH |  | SOLE |  | 0 | 0 | 3639 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 570439 | 21583 | SH |  | SOLE |  | 0 | 0 | 21583 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 792192 | 2035 | SH |  | SOLE |  | 0 | 0 | 2035 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 1078648 | 4065 | SH |  | SOLE |  | 0 | 0 | 4065 |
| INVESCO EXCHANGE TRADED FD T | FINL PFD ETF | 46137V621 | BBG001SQ8PW0 | 233332 | 16204 | SH |  | SOLE |  | 0 | 0 | 16204 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 564223 | 5962 | SH |  | SOLE |  | 0 | 0 | 5962 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 2943888 | 96426 | SH |  | SOLE |  | 0 | 0 | 96426 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 1280188 | 3332 | SH |  | SOLE |  | 0 | 0 | 3332 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 510630 | 2111 | SH |  | SOLE |  | 0 | 0 | 2111 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 3713555 | 21022 | SH |  | SOLE |  | 0 | 0 | 21022 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 6723889 | 50141 | SH |  | SOLE |  | 0 | 0 | 50141 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 | BBG0059FN820 | 14072218 | 82260 | SH |  | SOLE |  | 0 | 0 | 82260 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 13229957 | 731745 | SH |  | SOLE |  | 0 | 0 | 731745 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 | BBG001S7RX54 | 15802063 | 67106 | SH |  | SOLE |  | 0 | 0 | 67106 |
| LILLY ELI  CO | COM | 532457108 | BBG001S5STL8 | 598514 | 1636 | SH |  | SOLE |  | 0 | 0 | 1636 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 16291717 | 81769 | SH |  | SOLE |  | 0 | 0 | 81769 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 | BBG001S5Q8G2 | 156600 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 9336884 | 120135 | SH |  | SOLE |  | 0 | 0 | 120135 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 1056638 | 9524 | SH |  | SOLE |  | 0 | 0 | 9524 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 204217 | 1697 | SH |  | SOLE |  | 0 | 0 | 1697 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 16660817 | 69472 | SH |  | SOLE |  | 0 | 0 | 69472 |
| MIDDLESEX WTR CO | COM | 596680108 | BBG001S5TCZ9 | 212409 | 2700 | SH |  | SOLE |  | 0 | 0 | 2700 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 254880 | 5400 | SH |  | SOLE |  | 0 | 0 | 5400 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 610280 | 7300 | SH |  | SOLE |  | 0 | 0 | 7300 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 263273 | 2250 | SH |  | SOLE |  | 0 | 0 | 2250 |
| NVENT ELECTRIC PLC | SHS | G6700G107 | BBG00GNT7B03 | 271275 | 7052 | SH |  | SOLE |  | 0 | 0 | 7052 |
| OMNICOM GROUP INC | COM | 681919106 | BBG001S5VR10 | 15405065 | 188857 | SH |  | SOLE |  | 0 | 0 | 188857 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 6579446 | 92382 | SH |  | SOLE |  | 0 | 0 | 92382 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 1846887 | 10223 | SH |  | SOLE |  | 0 | 0 | 10223 |
| PERFICIENT INC | COM | 71375U101 | BBG001SCS189 | 13310960 | 190620 | SH |  | SOLE |  | 0 | 0 | 190620 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 2161315 | 42180 | SH |  | SOLE |  | 0 | 0 | 42180 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 268563 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 461803 | 3047 | SH |  | SOLE |  | 0 | 0 | 3047 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG001S5V3C1 | 254577 | 4155 | SH |  | SOLE |  | 0 | 0 | 4155 |
| QUANTA SVCS INC | COM | 74762E102 | BBG001S5VH85 | 15656475 | 109870 | SH |  | SOLE |  | 0 | 0 | 109870 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | BBG001S5X5Q9 | 227575 | 2255 | SH |  | SOLE |  | 0 | 0 | 2255 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 3563621 | 26877 | SH |  | SOLE |  | 0 | 0 | 26877 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 | BBG001SCYWS2 | 3920439 | 43020 | SH |  | SOLE |  | 0 | 0 | 43020 |
| SMUCKER J M CO | COM NEW | 832696405 | BBG001S5W3H5 | 211208 | 1333 | SH |  | SOLE |  | 0 | 0 | 1333 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 2940592 | 41179 | SH |  | SOLE |  | 0 | 0 | 41179 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 1489439 | 8780 | SH |  | SOLE |  | 0 | 0 | 8780 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 371722 | 972 | SH |  | SOLE |  | 0 | 0 | 972 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 358362 | 2169 | SH |  | SOLE |  | 0 | 0 | 2169 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 6246753 | 11344 | SH |  | SOLE |  | 0 | 0 | 11344 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 839911 | 4997 | SH |  | SOLE |  | 0 | 0 | 4997 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 10209514 | 237265 | SH |  | SOLE |  | 0 | 0 | 237265 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 792043 | 3825 | SH |  | SOLE |  | 0 | 0 | 3825 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 415043 | 2388 | SH |  | SOLE |  | 0 | 0 | 2388 |
| UNITED RENTALS INC | COM | 911363109 | BBG001SBGZ25 | 10558817 | 29708 | SH |  | SOLE |  | 0 | 0 | 29708 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 516926 | 975 | SH |  | SOLE |  | 0 | 0 | 975 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 670111 | 15366 | SH |  | SOLE |  | 0 | 0 | 15366 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 603251 | 1717 | SH |  | SOLE |  | 0 | 0 | 1717 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 297093 | 2117 | SH |  | SOLE |  | 0 | 0 | 2117 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 227477 | 5420 | SH |  | SOLE |  | 0 | 0 | 5420 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 10326484 | 35759 | SH |  | SOLE |  | 0 | 0 | 35759 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 446639 | 3150 | SH |  | SOLE |  | 0 | 0 | 3150 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 1475514 | 9405 | SH |  | SOLE |  | 0 | 0 | 9405 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | BBG001S5XL11 | 775303 | 25010 | SH |  | SOLE |  | 0 | 0 | 25010 |
| WILLIAMS SONOMA INC | COM | 969904101 | BBG001SBW7S1 | 11200678 | 97465 | SH |  | SOLE |  | 0 | 0 | 97465 |
| WORKDAY INC | CL A | 98138H101 | BBG001T21KQ7 | 4675535 | 27942 | SH |  | SOLE |  | 0 | 0 | 27942 |
| XYLEM INC | COM | 98419M100 | BBG001V05C73 | 381814 | 3453 | SH |  | SOLE |  | 0 | 0 | 3453 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 | BBG001S6SX73 | 7129736 | 27806 | SH |  | SOLE |  | 0 | 0 | 27806 |

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