# EDGAR Filing Document

**Accession Number:** 0001557787
**File Stem:** 0001172661-23-000476
**Filing Date:** 2023-2
**Character Count:** 14521
**Document Hash:** 2d00100e3f661fbfe84b3172d4afaa69
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000476.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001172661-23-000476

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**EFFECTIVENESS DATE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sonen Capital LLC
- **CENTRAL INDEX KEY:** 0001557787
- **IRS NUMBER:** 452445273
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21707
- **FILM NUMBER:** 23592870

**BUSINESS ADDRESS:**
- **STREET 1:** 456 MONTGOMERY STREET
- **STREET 2:** SUITE GC1
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
- **BUSINESS PHONE:** 415-578-5584

**MAIL ADDRESS:**
- **STREET 1:** 456 MONTGOMERY STREET
- **STREET 2:** SUITE GC1
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104

### 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:** Sonen Capital LLC<br>**Address:** 456 Montgomery Street<br>Suite Gc1<br>San Francisco, CA 94104

**Form 13F File Number:** 028-21707

**CRD Number (if applicable):** 000159461

**SEC File Number (if applicable):** 801-72926

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:** Robert Goldstein<br>**Title:** Chief Executive Officer<br>**Phone:** 415-534-4444

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

/s/ Robert Goldstein  San Francisco, CA  02-07-2023<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:** 4

**Form 13F Information Table Entry Total:** 111

**Form 13F Information Table Value Total:** $61133070

      (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.]

| No.   | Name                                       | Form 13F File Number   |
|:---|:---|:---|
|  | GENERATION INVESTMENT MANAGEMENT LLP       | 028-12114              |
|  | KBI Global Investors (North America) Ltd   | 028-13513              |
|  | PL Capital Advisors LLC                    | 028-15370              |
|  | First Sentier Investors (Australia) IM Ltd | 028-14423              |

### 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 |
| ABBVIE INC | COM | 00287Y109 |  | 237082 | 1467 | SH |  | SOLE |  | 0 | 0 | 1467 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 241730 | 2949 | SH |  | OTR | 2 | 0 | 0 | 2949 |
| AECOM | COM | 00766T100 |  | 9342 | 110 | SH |  | SOLE |  | 0 | 0 | 110 |
| AECOM | COM | 00766T100 |  | 501597 | 5906 | SH |  | OTR | 2 | 0 | 0 | 5906 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 549515 | 3672 | SH |  | SOLE |  | 0 | 0 | 3672 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 453739 | 3032 | SH |  | OTR | 2 | 0 | 0 | 3032 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 27572 | 313 | SH |  | SOLE |  | 0 | 0 | 313 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 491190 | 5576 | SH |  | OTR | 1 | 0 | 0 | 5576 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 594847 | 6742 | SH |  | SOLE |  | 0 | 0 | 6742 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 793050 | 17000 | SH |  | SOLE |  | 0 | 0 | 17000 |
| AMAZON COM INC | COM | 023135106 |  | 1514016 | 18024 | SH |  | OTR | 1 | 0 | 0 | 18024 |
| AMAZON COM INC | COM | 023135106 |  | 36960 | 440 | SH |  | SOLE |  | 0 | 0 | 440 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 560753 | 3679 | SH |  | OTR | 2 | 0 | 0 | 3679 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 451163 | 2960 | SH |  | SOLE |  | 0 | 0 | 2960 |
| AMERIS BANCORP | COM | 03076K108 |  | 471400 | 10000 | SH |  | OTR | 3 | 0 | 0 | 10000 |
| ANALOG DEVICES INC | COM | 032654105 |  | 1251385 | 7629 | SH |  | OTR | 1 | 0 | 0 | 7629 |
| APPLE INC | COM | 037833100 |  | 927454 | 7138 | SH |  | SOLE |  | 0 | 0 | 7138 |
| APPLIED MATLS INC | COM | 038222105 |  | 100204 | 1029 | SH |  | SOLE |  | 0 | 0 | 1029 |
| APPLIED MATLS INC | COM | 038222105 |  | 1012070 | 10393 | SH |  | OTR | 1 | 0 | 0 | 10393 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 289420 | 2385 | SH |  | OTR | 4 | 0 | 0 | 2385 |
| AVERY DENNISON CORP | COM | 053611109 |  | 488157 | 2697 | SH |  | SOLE |  | 0 | 0 | 2697 |
| BAXTER INTL INC | COM | 071813109 |  | 827498 | 16235 | SH |  | OTR | 1 | 0 | 0 | 16235 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 88496 | 348 | SH |  | SOLE |  | 0 | 0 | 348 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 732130 | 2879 | SH |  | OTR | 1 | 0 | 0 | 2879 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 446208 | 4800 | SH |  | OTR | 3 | 0 | 0 | 4800 |
| CARLISLE COS INC | COM | 142339100 |  | 378218 | 1605 | SH |  | OTR | 1 | 0 | 0 | 1605 |
| CARLISLE COS INC | COM | 142339100 |  | 6127 | 26 | SH |  | SOLE |  | 0 | 0 | 26 |
| CBRE GROUP INC | CL A | 12504L109 |  | 626531 | 8141 | SH |  | OTR | 1 | 0 | 0 | 8141 |
| COGNEX CORP | COM | 192422103 |  | 284262 | 6034 | SH |  | OTR | 4 | 0 | 0 | 6034 |
| COMERICA INC | COM | 200340107 |  | 467950 | 7000 | SH |  | OTR | 3 | 0 | 0 | 7000 |
| COMMUNITY WEST BANCSHARES | COM | 204157101 |  | 724548 | 48400 | SH |  | OTR | 3 | 0 | 0 | 48400 |
| COOPER COS INC | COM NEW | 216648402 |  | 808819 | 2446 | SH |  | OTR | 1 | 0 | 0 | 2446 |
| CORE  MAIN INC | CL A | 21874C102 |  | 412191 | 21346 | SH |  | OTR | 2 | 0 | 0 | 21346 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 203599 | 446 | SH |  | SOLE |  | 0 | 0 | 446 |
| DANAHER CORPORATION | COM | 235851102 |  | 961617 | 3623 | SH |  | OTR | 2 | 0 | 0 | 3623 |
| DENTSPLY SIRONA INC | COM | 24906P109 |  | 2813 | 88 | SH |  | SOLE |  | 0 | 0 | 88 |
| DENTSPLY SIRONA INC | COM | 24906P109 |  | 225141 | 7071 | SH |  | OTR | 1 | 0 | 0 | 7071 |
| ECOLAB INC | COM | 278865100 |  | 530421 | 3644 | SH |  | OTR | 2 | 0 | 0 | 3644 |
| ENTERPRISE FINL SVCS CORP | COM | 293712105 |  | 832320 | 17000 | SH |  | OTR | 3 | 0 | 0 | 17000 |
| EQUIFAX INC | COM | 294429105 |  | 1391812 | 7161 | SH |  | OTR | 1 | 0 | 0 | 7161 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 972117 | 20367 | SH |  | OTR | 2 | 0 | 0 | 20367 |
| EVANS BANCORP INC | COM NEW | 29911Q208 |  | 785190 | 21000 | SH |  | OTR | 3 | 0 | 0 | 21000 |
| EVOQUA WATER TECHNOLOGIES CO | COM | 30057T105 |  | 259697 | 6558 | SH |  | OTR | 2 | 0 | 0 | 6558 |
| F N B CORP | COM | 302520101 |  | 548100 | 42000 | SH |  | OTR | 3 | 0 | 0 | 42000 |
| FINANCIAL INSTNS INC | COM | 317585404 |  | 609000 | 25000 | SH |  | OTR | 3 | 0 | 0 | 25000 |
| FIRST INTERNET BANCORP | COM | 320557101 |  | 437040 | 18000 | SH |  | OTR | 3 | 0 | 0 | 18000 |
| FIRST MERCHANTS CORP | COM | 320817109 |  | 493320 | 12000 | SH |  | OTR | 3 | 0 | 0 | 12000 |
| FORTINET INC | COM | 34959E109 |  | 6160 | 126 | SH |  | SOLE |  | 0 | 0 | 126 |
| FORTINET INC | COM | 34959E109 |  | 767573 | 15700 | SH |  | OTR | 4 | 0 | 0 | 15700 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 |  | 269788 | 4724 | SH |  | OTR | 2 | 0 | 0 | 4724 |
| GARTNER INC | COM | 366651107 |  | 1025563 | 3051 | SH |  | OTR | 1 | 0 | 0 | 3051 |
| HARBORONE BANCORP INC NEW | COM NEW | 41165Y100 |  | 417000 | 30000 | SH |  | OTR | 3 | 0 | 0 | 30000 |
| HAWTHORN BANCSHARES INC | COM | 420476103 |  | 612194 | 28121 | SH |  | OTR | 3 | 0 | 0 | 28121 |
| HENRY SCHEIN INC | COM | 806407102 |  | 1491652 | 18676 | SH |  | OTR | 1 | 0 | 0 | 18676 |
| HOME DEPOT INC | COM | 437076102 |  | 295961 | 937 | SH |  | SOLE |  | 0 | 0 | 937 |
| HORIZON BANCORP INC | COM | 440407104 |  | 766878 | 50854 | SH |  | OTR | 3 | 0 | 0 | 50854 |
| ILLUMINA INC | COM | 452327109 |  | 341516 | 1689 | SH |  | SOLE |  | 0 | 0 | 1689 |
| INDEPENDENT BK CORP MICH | COM NEW | 453838609 |  | 454480 | 19000 | SH |  | OTR | 3 | 0 | 0 | 19000 |
| ITRON INC | COM | 465741106 |  | 260544 | 5144 | SH |  | OTR | 2 | 0 | 0 | 5144 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 412831 | 2337 | SH |  | SOLE |  | 0 | 0 | 2337 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 1043714 | 6549 | SH |  | OTR | 1 | 0 | 0 | 6549 |
| LAKELAND BANCORP INC | COM | 511637100 |  | 264150 | 15000 | SH |  | OTR | 3 | 0 | 0 | 15000 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 304431 | 1227 | SH |  | SOLE |  | 0 | 0 | 1227 |
| MARKEL CORP | COM | 570535104 |  | 420279 | 319 | SH |  | OTR | 4 | 0 | 0 | 319 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 264651 | 7145 | SH |  | SOLE |  | 0 | 0 | 7145 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 970167 | 2790 | SH |  | OTR | 1 | 0 | 0 | 2790 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 22950 | 66 | SH |  | SOLE |  | 0 | 0 | 66 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 892783 | 1055 | SH |  | OTR | 1 | 0 | 0 | 1055 |
| MERCHANTS BANCORP IND | COM | 58844R108 |  | 462080 | 19000 | SH |  | OTR | 3 | 0 | 0 | 19000 |
| MICROSOFT CORP | COM | 594918104 |  | 1441798 | 6012 | SH |  | OTR | 1 | 0 | 0 | 6012 |
| MICROSOFT CORP | COM | 594918104 |  | 998370 | 4163 | SH |  | SOLE |  | 0 | 0 | 4163 |
| MIDLAND STATES BANCORP INC | COM | 597742105 |  | 425920 | 16000 | SH |  | OTR | 3 | 0 | 0 | 16000 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 4171789 | 62233 | SH |  | SOLE |  | 0 | 0 | 62233 |
| NEW YORK CMNTY BANCORP INC | COM | 649445103 |  | 430000 | 50000 | SH |  | OTR | 3 | 0 | 0 | 50000 |
| NIKE INC | CL B | 654106103 |  | 583061 | 4983 | SH |  | SOLE |  | 0 | 0 | 4983 |
| NORDSON CORP | COM | 655663102 |  | 261967 | 1102 | SH |  | OTR | 4 | 0 | 0 | 1102 |
| NUTANIX INC | CL A | 67059N108 |  | 860145 | 33019 | SH |  | OTR | 1 | 0 | 0 | 33019 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 511344 | 3499 | SH |  | SOLE |  | 0 | 0 | 3499 |
| OKTA INC | CL A | 679295105 |  | 204990 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| OLD POINT FINL CORP | COM | 680194107 |  | 552680 | 20500 | SH |  | OTR | 3 | 0 | 0 | 20500 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 450575 | 3229 | SH |  | OTR | 1 | 0 | 0 | 3229 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 5023 | 36 | SH |  | SOLE |  | 0 | 0 | 36 |
| PFIZER INC | COM | 717081103 |  | 234474 | 4576 | SH |  | SOLE |  | 0 | 0 | 4576 |
| PRIMIS FINANCIAL CORP | COM | 74167B109 |  | 367563 | 31018 | SH |  | OTR | 3 | 0 | 0 | 31018 |
| PTC INC | COM | 69370C100 |  | 450510 | 3753 | SH |  | OTR | 1 | 0 | 0 | 3753 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 502521 | 1163 | SH |  | OTR | 2 | 0 | 0 | 1163 |
| SALESFORCE INC | COM | 79466L302 |  | 46407 | 350 | SH |  | SOLE |  | 0 | 0 | 350 |
| SALESFORCE INC | COM | 79466L302 |  | 505301 | 3811 | SH |  | OTR | 1 | 0 | 0 | 3811 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1818315 | 21839 | SH |  | OTR | 1 | 0 | 0 | 21839 |
| SMITH A O CORP | COM | 831865209 |  | 301311 | 5264 | SH |  | OTR | 4 | 0 | 0 | 5264 |
| SMITH A O CORP | COM | 831865209 |  | 287803 | 5028 | SH |  | OTR | 2 | 0 | 0 | 5028 |
| SOUTHERN FIRST BANCSHARES | COM | 842873101 |  | 594750 | 13000 | SH |  | OTR | 3 | 0 | 0 | 13000 |
| STARBUCKS CORP | COM | 855244109 |  | 404339 | 4076 | SH |  | SOLE |  | 0 | 0 | 4076 |
| STRYKER CORPORATION | COM | 863667101 |  | 269028 | 1097 | SH |  | SOLE |  | 0 | 0 | 1097 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 361460 | 11000 | SH |  | OTR | 3 | 0 | 0 | 11000 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 531479 | 7129 | SH |  | SOLE |  | 0 | 0 | 7129 |
| TEXAS INSTRS INC | COM | 882508104 |  | 375380 | 2272 | SH |  | OTR | 4 | 0 | 0 | 2272 |
| TEXAS INSTRS INC | COM | 882508104 |  | 546383 | 3307 | SH |  | OTR | 1 | 0 | 0 | 3307 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 6061 | 11 | SH |  | SOLE |  | 0 | 0 | 11 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 728012 | 1322 | SH |  | OTR | 1 | 0 | 0 | 1322 |
| TOAST INC | CL A | 888787108 |  | 207832 | 11527 | SH |  | OTR | 1 | 0 | 0 | 11527 |
| TWILIO INC | CL A | 90138F102 |  | 531363 | 10853 | SH |  | OTR | 1 | 0 | 0 | 10853 |
| VALLEY NATL BANCORP | COM | 919794107 |  | 542880 | 48000 | SH |  | OTR | 3 | 0 | 0 | 48000 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 512684 | 3268 | SH |  | SOLE |  | 0 | 0 | 3268 |
| WATSCO INC | COM | 942622200 |  | 315242 | 1264 | SH |  | OTR | 4 | 0 | 0 | 1264 |
| WEBSTER FINL CORP | COM | 947890109 |  | 691259 | 14602 | SH |  | OTR | 3 | 0 | 0 | 14602 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 297800 | 5000 | SH |  | OTR | 3 | 0 | 0 | 5000 |
| XYLEM INC | COM | 98419M100 |  | 394514 | 3568 | SH |  | OTR | 2 | 0 | 0 | 3568 |
| XYLEM INC | COM | 98419M100 |  | 772885 | 6990 | SH |  | SOLE |  | 0 | 0 | 6990 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 370256 | 1444 | SH |  | OTR | 4 | 0 | 0 | 1444 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 442440 | 9000 | SH |  | OTR | 3 | 0 | 0 | 9000 |

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