# EDGAR Filing Document

**Accession Number:** 0001966007
**File Stem:** 0001398344-23-003516
**Filing Date:** 2023-2
**Character Count:** 10577
**Document Hash:** 0eeebf8fefb337e786c4062fb6486d16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-003516.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001398344-23-003516

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**EFFECTIVENESS DATE**: 20230215

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Applied Finance Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001966007
- **IRS NUMBER:** 660823991

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23109
- **FILM NUMBER:** 23634938

**BUSINESS ADDRESS:**
- **STREET 1:** 53 CALLE PALMERAS
- **STREET 2:** SUITE 601
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00901
- **BUSINESS PHONE:** 787-626-0404

**MAIL ADDRESS:**
- **STREET 1:** 53 CALLE PALMERAS
- **STREET 2:** SUITE 601
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00901

### 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:** Applied Finance Capital Management LLC<br>**Address:** 53 Calle Palmeras<br>Suite 601<br>San Juan, PR 00901

**Form 13F File Number:** 028-23109

**CRD Number (if applicable):** 000226755

**SEC File Number (if applicable):** 801-9838

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:** David D. Jones<br>**Title:** Chief Compliance Officer<br>**Phone:** 210-540-1681

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

/s/ David D. Jones  The Woodlands, TX  02-14-2023<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:** 70

**Form 13F Information Table Value Total:** $767016844

      (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 |  | 210358 | 1916 | SH |  | SOLE |  | 0 | 0 | 1916 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 205467 | 770 | SH |  | SOLE |  | 0 | 0 | 770 |
| ALLSTATE CORP | COM | 020002101 |  | 14038816 | 103531 | SH |  | SOLE |  | 102222 | 0 | 1309 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 13305966 | 150810 | SH |  | SOLE |  | 148587 | 0 | 2223 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 15082877 | 48440 | SH |  | SOLE |  | 47021 | 0 | 1419 |
| APPLE INC | COM | 037833100 |  | 20387201 | 156909 | SH |  | SOLE |  | 154531 | 0 | 2378 |
| APTIV PLC | SHS | G6095L109 |  | 16982535 | 182353 | SH |  | SOLE |  | 179884 | 0 | 2469 |
| BANK AMERICA CORP | COM | 060505104 |  | 12441378 | 375645 | SH |  | SOLE |  | 371229 | 0 | 4416 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 10562439 | 113623 | SH |  | SOLE |  | 112285 | 0 | 1338 |
| CELANESE CORP DEL | COM | 150870103 |  | 9398730 | 91928 | SH |  | SOLE |  | 91001 | 0 | 927 |
| CF INDS HLDGS INC | COM | 125269100 |  | 7898824 | 92709 | SH |  | SOLE |  | 91274 | 0 | 1435 |
| CHEVRON CORP NEW | COM | 166764100 |  | 16400752 | 91374 | SH |  | SOLE |  | 89204 | 0 | 2170 |
| CISCO SYS INC | COM | 17275R102 |  | 26026187 | 546310 | SH |  | SOLE |  | 534250 | 0 | 12060 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 12403159 | 105112 | SH |  | SOLE |  | 103640 | 0 | 1472 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 12850100 | 55448 | SH |  | SOLE |  | 54658 | 0 | 790 |
| CUMMINS INC | COM | 231021106 |  | 12877110 | 53148 | SH |  | SOLE |  | 52517 | 0 | 631 |
| CVS HEALTH CORP | COM | 126650100 |  | 12763398 | 136961 | SH |  | SOLE |  | 134996 | 0 | 1965 |
| DANAHER CORPORATION | COM | 235851102 |  | 13327933 | 50215 | SH |  | SOLE |  | 49546 | 0 | 669 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 15147304 | 109501 | SH |  | SOLE |  | 105817 | 0 | 3684 |
| DISNEY WALT CO | COM | 254687106 |  | 12873705 | 148178 | SH |  | SOLE |  | 145978 | 0 | 2200 |
| DTE ENERGY CO | COM | 233331107 |  | 9666417 | 82246 | SH |  | SOLE |  | 81208 | 0 | 1038 |
| EATON CORP PLC | SHS | G29183103 |  | 243743 | 1553 | SH |  | SOLE |  | 0 | 0 | 1553 |
| FISERV INC | COM | 337738108 |  | 19689649 | 194812 | SH |  | SOLE |  | 191466 | 0 | 3346 |
| HOME DEPOT INC | COM | 437076102 |  | 214785 | 680 | SH |  | SOLE |  | 0 | 0 | 680 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 16599978 | 1034267 | SH |  | SOLE |  | 1017821 | 0 | 16446 |
| HP INC | COM | 40434L105 |  | 21315435 | 793280 | SH |  | SOLE |  | 782390 | 0 | 10890 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 236570 | 16778 | SH |  | SOLE |  | 0 | 0 | 16778 |
| INTEL CORP | COM | 458140100 |  | 21919103 | 829327 | SH |  | SOLE |  | 810153 | 0 | 19174 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 28104227 | 199476 | SH |  | SOLE |  | 196970 | 0 | 2506 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 265858 | 1505 | SH |  | SOLE |  | 0 | 0 | 1505 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 14899476 | 111107 | SH |  | SOLE |  | 108063 | 0 | 3044 |
| KLA CORP | COM NEW | 482480100 |  | 29386224 | 77941 | SH |  | SOLE |  | 76753 | 0 | 1188 |
| LILLY ELI  CO | COM | 532457108 |  | 246942 | 675 | SH |  | SOLE |  | 0 | 0 | 675 |
| LKQ CORP | COM | 501889208 |  | 16412765 | 307298 | SH |  | SOLE |  | 302549 | 0 | 4749 |
| LOWES COS INC | COM | 548661107 |  | 18474370 | 92724 | SH |  | SOLE |  | 91399 | 0 | 1325 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 209568 | 2524 | SH |  | SOLE |  | 0 | 0 | 2524 |
| MARATHON PETE CORP | COM | 56585A102 |  | 241044 | 2071 | SH |  | SOLE |  | 0 | 0 | 2071 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 21263416 | 61149 | SH |  | SOLE |  | 59944 | 0 | 1205 |
| MCKESSON CORP | COM | 58155Q103 |  | 14222902 | 37916 | SH |  | SOLE |  | 37350 | 0 | 566 |
| MERCK  CO INC | COM | 58933Y105 |  | 17751379 | 159994 | SH |  | SOLE |  | 155023 | 0 | 4971 |
| META PLATFORMS INC | CL A | 30303M102 |  | 13111163 | 108951 | SH |  | SOLE |  | 107351 | 0 | 1600 |
| METLIFE INC | COM | 59156R108 |  | 13319671 | 184050 | SH |  | SOLE |  | 181440 | 0 | 2610 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 245927 | 998 | SH |  | SOLE |  | 0 | 0 | 998 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 227163 | 2504 | SH |  | SOLE |  | 0 | 0 | 2504 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 209178 | 7484 | SH |  | SOLE |  | 0 | 0 | 7484 |
| PACCAR INC | COM | 693718108 |  | 233074 | 2355 | SH |  | SOLE |  | 0 | 0 | 2355 |
| PFIZER INC | COM | 717081103 |  | 15287700 | 298355 | SH |  | SOLE |  | 290248 | 0 | 8107 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 213377 | 1351 | SH |  | SOLE |  | 0 | 0 | 1351 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 218613 | 2198 | SH |  | SOLE |  | 0 | 0 | 2198 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 10482938 | 171094 | SH |  | SOLE |  | 165426 | 0 | 5668 |
| QUANTA SVCS INC | COM | 74762E102 |  | 11750475 | 82459 | SH |  | SOLE |  | 81389 | 0 | 1070 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 226061 | 2240 | SH |  | SOLE |  | 0 | 0 | 2240 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 15046674 | 20855 | SH |  | SOLE |  | 20579 | 0 | 276 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 10418287 | 24111 | SH |  | SOLE |  | 23811 | 0 | 300 |
| SEMPRA | COM | 816851109 |  | 234592 | 1518 | SH |  | SOLE |  | 0 | 0 | 1518 |
| STATE STR CORP | COM | 857477103 |  | 231391 | 2983 | SH |  | SOLE |  | 0 | 0 | 2983 |
| STRYKER CORPORATION | COM | 863667101 |  | 16068578 | 65723 | SH |  | SOLE |  | 64967 | 0 | 756 |
| TARGET CORP | COM | 87612E106 |  | 16539396 | 110973 | SH |  | SOLE |  | 108228 | 0 | 2745 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 13702339 | 24882 | SH |  | SOLE |  | 24544 | 0 | 338 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 13962420 | 74470 | SH |  | SOLE |  | 72197 | 0 | 2273 |
| TYSON FOODS INC | CL A | 902494103 |  | 12120631 | 194709 | SH |  | SOLE |  | 192313 | 0 | 2396 |
| UGI CORP NEW | COM | 902681105 |  | 208704 | 5630 | SH |  | SOLE |  | 0 | 0 | 5630 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 231409 | 4596 | SH |  | SOLE |  | 0 | 0 | 4596 |
| UNION PAC CORP | COM | 907818108 |  | 11595975 | 56000 | SH |  | SOLE |  | 55327 | 0 | 673 |
| UNITED RENTALS INC | COM | 911363109 |  | 13513779 | 38022 | SH |  | SOLE |  | 37600 | 0 | 422 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 12876741 | 101504 | SH |  | SOLE |  | 100266 | 0 | 1238 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 15611970 | 396243 | SH |  | SOLE |  | 384802 | 0 | 11441 |
| WABTEC | COM | 929740108 |  | 12729112 | 127533 | SH |  | SOLE |  | 125996 | 0 | 1537 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 14873514 | 398113 | SH |  | SOLE |  | 387995 | 0 | 10118 |
| WALMART INC | COM | 931142103 |  | 14977902 | 105634 | SH |  | SOLE |  | 104296 | 0 | 1338 |

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