# EDGAR Filing Document

**Accession Number:** 0001531809
**File Stem:** 0001531809-23-000001
**Filing Date:** 2023-2
**Character Count:** 15112
**Document Hash:** ac3de16e0faaffc8487b5331d7c573bb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001531809-23-000001.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001531809-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**EFFECTIVENESS DATE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CapWealth Advisors, LLC
- **CENTRAL INDEX KEY:** 0001531809
- **IRS NUMBER:** 263565415
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14625
- **FILM NUMBER:** 23574965

**BUSINESS ADDRESS:**
- **STREET 1:** 4031 ASPEN GROVE DR
- **STREET 2:** SUITE 600
- **CITY:** FRANKLIN
- **STATE:** TN
- **ZIP:** 37067
- **BUSINESS PHONE:** 615-778-0740

**MAIL ADDRESS:**
- **STREET 1:** 4031 ASPEN GROVE DR
- **STREET 2:** SUITE 600
- **CITY:** FRANKLIN
- **STATE:** TN
- **ZIP:** 37067

### 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:** CapWealth Advisors LLC<br>**Address:** 4031 ASPEN GROVE DR<br>SUITE 600<br>FRANKLIN, TN 37067

**Form 13F File Number:** 028-14625

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:** Ryan Hitt<br>**Title:** CCO<br>**Phone:** 6158799777

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

Ryan Hitt  Franklin, TN  02-01-2023<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:** 110

**Form 13F Information Table Value Total:** $850863564

      (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 |
| AMAZON COM INC COM | Stock | 023135106 |  | 8474820 | 100891 | SH |  | SOLE | 0 | 100030 | 0 | 860 |
| STARBUCKS CORP COM | Stock | 855244109 |  | 20719984 | 208871 | SH |  | SOLE | 0 | 208790 | 0 | 80 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 27872242 | 157782 | SH |  | SOLE | 0 | 157315 | 0 | 467 |
| COSTCO WHSL CORP NEW COM | Stock | 22160K105 |  | 8116570 | 17780 | SH |  | SOLE | 0 | 17767 | 0 | 13 |
| HCA HEALTHCARE INC COM | Stock | 40412C101 |  | 1431601 | 5966 | SH |  | SOLE | 0 | 5966 | 0 | 0 |
| SPDR NUVEEN BLOOMBERG SHORT TERM MUNICIPAL BOND ETF | ETF | 78468R739 |  | 423290 | 9010 | SH |  | SOLE | 0 | 8925 | 0 | 85 |
| PROCTER AND GAMBLE CO COM | Stock | 742718109 |  | 249468 | 1646 | SH |  | SOLE | 0 | 1646 | 0 | 0 |
| COCA COLA CO COM | Stock | 191216100 |  | 11690182 | 183779 | SH |  | SOLE | 0 | 183689 | 0 | 90 |
| UNITED PARCEL SERVICE INC CL B | Stock | 911312106 |  | 11182632 | 64327 | SH |  | SOLE | 0 | 64136 | 0 | 191 |
| INTEL CORP COM | Stock | 458140100 |  | 14826236 | 560962 | SH |  | SOLE | 0 | 559008 | 0 | 1954 |
| VAIL RESORTS INC COM | Stock | 91879Q109 |  | 326540 | 1370 | SH |  | SOLE | 0 | 1370 | 0 | 0 |
| CLOROX CO DEL COM | Stock | 189054109 |  | 293009 | 2088 | SH |  | SOLE | 0 | 2088 | 0 | 0 |
| NETFLIX INC COM | Stock | 64110L106 |  | 9235936 | 31321 | SH |  | SOLE | 0 | 31238 | 0 | 83 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 25674206 | 231403 | SH |  | SOLE | 0 | 231308 | 0 | 95 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 831020 | 2173 | SH |  | SOLE | 0 | 2137 | 0 | 36 |
| FB FINL CORP COM | Stock | 30257X104 |  | 501370 | 13873 | SH |  | SOLE | 0 | 13873 | 0 | 0 |
| NATIONAL HEALTH INVS INC COM | REIT | 63633D104 |  | 315931 | 6050 | SH |  | SOLE | 0 | 6050 | 0 | 0 |
| HOSTESS BRANDS INC CL A | Stock | 44109J106 |  | 4096961 | 182574 | SH |  | SOLE | 0 | 182574 | 0 | 0 |
| CORNING INC COM | Stock | 219350105 |  | 20111021 | 629650 | SH |  | SOLE | 0 | 627456 | 0 | 2193 |
| VERIZON COMMUNICATIONS INC COM | Stock | 92343V104 |  | 8385313 | 212825 | SH |  | SOLE | 0 | 211498 | 0 | 1327 |
| SNAP ON INC COM | Stock | 833034101 |  | 10381794 | 45437 | SH |  | SOLE | 0 | 45421 | 0 | 15 |
| PEPSICO INC COM | Stock | 713448108 |  | 22088226 | 122264 | SH |  | SOLE | 0 | 122214 | 0 | 50 |
| HONEYWELL INTL INC COM | Stock | 438516106 |  | 13994337 | 65303 | SH |  | SOLE | 0 | 65267 | 0 | 35 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 15596795 | 49379 | SH |  | SOLE | 0 | 49348 | 0 | 30 |
| DAVIS SELECT U.S. EQUITY ETF | ETF | 23908L207 |  | 2541455 | 93539 | SH |  | SOLE | 0 | 91929 | 0 | 1610 |
| STARWOOD PPTY TR INC COM | REIT | 85571B105 |  | 21757714 | 1187000 | SH |  | SOLE | 0 | 1186575 | 0 | 425 |
| SOUTHERN CO COM | Stock | 842587107 |  | 1467333 | 20548 | SH |  | SOLE | 0 | 19614 | 0 | 934 |
| REGIONS FINANCIAL CORP NEW COM | Stock | 7591EP100 |  | 951809 | 44147 | SH |  | SOLE | 0 | 44147 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP ETF | ETF | 808524201 |  | 211310 | 4680 | SH |  | SOLE | 0 | 4680 | 0 | 0 |
| LUMEN TECHNOLOGIES INC COM | Stock | 550241103 |  | 10161390 | 1946626 | SH |  | SOLE | 0 | 1945841 | 0 | 785 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 38305453 | 124006 | SH |  | SOLE | 0 | 123756 | 0 | 250 |
| GENERAC HLDGS INC COM | Stock | 368736104 |  | 1941127 | 19284 | SH |  | SOLE | 0 | 19264 | 0 | 20 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 29201523 | 121764 | SH |  | SOLE | 0 | 121308 | 0 | 456 |
| FIRST HORIZON CORPORATION COM | Stock | 320517105 |  | 338762 | 13827 | SH |  | SOLE | 0 | 13827 | 0 | 0 |
| CVS HEALTH CORP COM | Stock | 126650100 |  | 27681748 | 297046 | SH |  | SOLE | 0 | 296574 | 0 | 472 |
| I3 VERTICALS INC COM CL A | Stock | 46571Y107 |  | 262775 | 10796 | SH |  | SOLE | 0 | 10796 | 0 | 0 |
| TILRAY BRANDS INC COM CL 2 | Stock | 88688T100 |  | 186821 | 69450 | SH |  | SOLE | 0 | 69450 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL A | Stock | 084670108 |  | 937422 | 2 | SH |  | SOLE | 0 | 2 | 0 | 0 |
| DOW INC COM | Stock | 260557103 |  | 19713746 | 391223 | SH |  | SOLE | 0 | 390168 | 0 | 1055 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 732987 | 2086 | SH |  | SOLE | 0 | 2086 | 0 | 0 |
| FIFTH THIRD BANCORP COM | Stock | 316773100 |  | 1775841 | 54125 | SH |  | SOLE | 0 | 54125 | 0 | 0 |
| UBER TECHNOLOGIES INC COM | Stock | 90353T100 |  | 342115 | 13834 | SH |  | SOLE | 0 | 13767 | 0 | 67 |
| SPDR S MIDCAP 400 ETF TRUST | ETF | 78467Y107 |  | 223166 | 504 | SH |  | SOLE | 0 | 504 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT ETF | ETF | 46137V357 |  | 1867325 | 13220 | SH |  | SOLE | 0 | 13189 | 0 | 31 |
| DUKE ENERGY CORP NEW COM NEW | Stock | 26441C204 |  | 250575 | 2433 | SH |  | SOLE | 0 | 2433 | 0 | 0 |
| CARRIER GLOBAL CORPORATION COM | Stock | 14448C104 |  | 4293347 | 104081 | SH |  | SOLE | 0 | 103654 | 0 | 427 |
| ENCOMPASS HEALTH CORP COM | Stock | 29261A100 |  | 288583 | 4825 | SH |  | SOLE | 0 | 4825 | 0 | 0 |
| SONY GROUP CORPORATION SPONSORED ADR | ADR | 835699307 |  | 8523451 | 111739 | SH |  | SOLE | 0 | 111679 | 0 | 60 |
| HIMAX TECHNOLOGIES INC SPONSORED ADR | ADR | 43289P106 |  | 5173135 | 833033 | SH |  | SOLE | 0 | 832333 | 0 | 700 |
| ISHARES SELECT DIVIDEND ETF | ETF | 464287168 |  | 905412 | 7508 | SH |  | SOLE | 0 | 7507 | 0 | 0 |
| OAK STR HEALTH INC COM | Stock | 67181A107 |  | 6458851 | 300272 | SH |  | SOLE | 0 | 300272 | 0 | 0 |
| PINNACLE FINL PARTNERS INC COM | Stock | 72346Q104 |  | 248459 | 3385 | SH |  | SOLE | 0 | 3385 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | Stock | 69608A108 |  | 3430142 | 534290 | SH |  | SOLE | 0 | 532712 | 0 | 1578 |
| MASTEC INC COM | Stock | 576323109 |  | 8755199 | 102604 | SH |  | SOLE | 0 | 102544 | 0 | 60 |
| ULTRA CLEAN HLDGS INC COM | Stock | 90385V107 |  | 6054980 | 182654 | SH |  | SOLE | 0 | 182511 | 0 | 143 |
| SCHWAB US DIVIDEND EQUITY ETF | ETF | 808524797 |  | 4979899 | 65924 | SH |  | SOLE | 0 | 65057 | 0 | 867 |
| TRACTOR SUPPLY CO COM | Stock | 892356106 |  | 11880393 | 52809 | SH |  | SOLE | 0 | 52793 | 0 | 15 |
| ORGANON  CO COMMON STOCK | Stock | 68622V106 |  | 3292181 | 117873 | SH |  | SOLE | 0 | 117864 | 0 | 8 |
| VISA INC COM CL A | Stock | 92826C839 |  | 215239 | 1036 | SH |  | SOLE | 0 | 1036 | 0 | 0 |
| HERSHEY CO COM | Stock | 427866108 |  | 14324457 | 61858 | SH |  | SOLE | 0 | 61813 | 0 | 45 |
| CAPITAL GROUP GROWTH ETF | ETF | 14020G101 |  | 1559926 | 78231 | SH |  | SOLE | 0 | 77476 | 0 | 755 |
| CAPITAL GROUP DIVIDEND VALUE ETF | ETF | 14020W106 |  | 753535 | 31943 | SH |  | SOLE | 0 | 31728 | 0 | 215 |
| CAPITAL GROUP INTERNATIONAL FOCUS EQUITY ETF | ETF | 14019W109 |  | 271707 | 13044 | SH |  | SOLE | 0 | 13044 | 0 | 0 |
| CAPITAL GROUP CORE EQUITY ETF | ETF | 14020V108 |  | 307567 | 13694 | SH |  | SOLE | 0 | 13258 | 0 | 436 |
| D R HORTON INC COM | Stock | 23331A109 |  | 19172944 | 215088 | SH |  | SOLE | 0 | 214356 | 0 | 732 |
| HEXCEL CORP NEW COM | Stock | 428291108 |  | 619102 | 10520 | SH |  | SOLE | 0 | 10520 | 0 | 0 |
| ISHARES SHORT TREASURY BOND ETF | ETF | 464288679 |  | 3191637 | 29036 | SH |  | SOLE | 0 | 28808 | 0 | 228 |
| CUMMINS INC COM | Stock | 231021106 |  | 364404 | 1504 | SH |  | SOLE | 0 | 1504 | 0 | 0 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 491618 | 3042 | SH |  | SOLE | 0 | 3042 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 5705115 | 76589 | SH |  | SOLE | 0 | 76589 | 0 | 0 |
| BLACKSTONE INC COM | Stock | 09260D107 |  | 5241547 | 70650 | SH |  | SOLE | 0 | 70650 | 0 | 0 |
| VERISIGN INC COM | Stock | 92343E102 |  | 1036445 | 5045 | SH |  | SOLE | 0 | 5045 | 0 | 0 |
| STRYKER CORPORATION COM | Stock | 863667101 |  | 11240977 | 45977 | SH |  | SOLE | 0 | 45957 | 0 | 20 |
| MCDONALDS CORP COM | Stock | 580135101 |  | 840397 | 3189 | SH |  | SOLE | 0 | 3189 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 23788738 | 499344 | SH |  | SOLE | 0 | 498448 | 0 | 895 |
| AT INC COM | Stock | 00206R102 |  | 186383 | 10124 | SH |  | SOLE | 0 | 10124 | 0 | 0 |
| HENRY SCHEIN INC COM | Stock | 806407102 |  | 399350 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| SCHWAB FUNDAMENTAL US LARGE CO. INDEX ETF | ETF | 808524771 |  | 327200 | 6123 | SH |  | SOLE | 0 | 6122 | 0 | 0 |
| GENERAL ELECTRIC CO COM NEW | Stock | 369604301 |  | 12971133 | 154805 | SH |  | SOLE | 0 | 154764 | 0 | 41 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 2296039 | 5976 | SH |  | SOLE | 0 | 5976 | 0 | 0 |
| JPMORGAN CHASE  CO COM | Stock | 46625H100 |  | 883049 | 6585 | SH |  | SOLE | 0 | 6585 | 0 | 0 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 31052071 | 173002 | SH |  | SOLE | 0 | 172580 | 0 | 421 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 206618 | 1751 | SH |  | SOLE | 0 | 1751 | 0 | 0 |
| CAMPBELL SOUP CO COM | Stock | 134429109 |  | 15305227 | 269696 | SH |  | SOLE | 0 | 267799 | 0 | 1896 |
| BANK AMERICA CORP COM | Stock | 060505104 |  | 26749557 | 807656 | SH |  | SOLE | 0 | 803448 | 0 | 4207 |
| WALMART INC COM | Stock | 931142103 |  | 418240 | 2950 | SH |  | SOLE | 0 | 2949 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 23077566 | 163798 | SH |  | SOLE | 0 | 163114 | 0 | 684 |
| RAYTHEON TECHNOLOGIES CORP COM | Stock | 75513E101 |  | 21423624 | 212283 | SH |  | SOLE | 0 | 211691 | 0 | 592 |
| TARGET CORP COM | Stock | 87612E106 |  | 13727731 | 92108 | SH |  | SOLE | 0 | 91457 | 0 | 650 |
| 3M CO COM | Stock | 88579Y101 |  | 520213 | 4338 | SH |  | SOLE | 0 | 4338 | 0 | 0 |
| GILEAD SCIENCES INC COM | Stock | 375558103 |  | 24375851 | 283935 | SH |  | SOLE | 0 | 283865 | 0 | 70 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 281723 | 1176 | SH |  | SOLE | 0 | 1176 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 409415 | 2771 | SH |  | SOLE | 0 | 2771 | 0 | 0 |
| AMGEN INC COM | Stock | 031162100 |  | 7828258 | 29806 | SH |  | SOLE | 0 | 29699 | 0 | 107 |
| WILLIAMS COS INC COM | Stock | 969457100 |  | 30938439 | 940378 | SH |  | SOLE | 0 | 936924 | 0 | 3454 |
| VANGUARD DIVIDEND APPRECIATION ETF | ETF | 921908844 |  | 598593 | 3942 | SH |  | SOLE | 0 | 3882 | 0 | 60 |
| EQUINIX INC COM | REIT | 29444U700 |  | 18895153 | 28846 | SH |  | SOLE | 0 | 28836 | 0 | 10 |
| BRISTOL-MYERS SQUIBB CO COM | Stock | 110122108 |  | 918298 | 12763 | SH |  | SOLE | 0 | 12763 | 0 | 0 |
| CITIGROUP INC COM NEW | Stock | 172967424 |  | 1892921 | 41851 | SH |  | SOLE | 0 | 41851 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 2312550 | 20966 | SH |  | SOLE | 0 | 20966 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 329772 | 622 | SH |  | SOLE | 0 | 622 | 0 | 0 |
| LOWES COS INC COM | Stock | 548661107 |  | 398480 | 2000 | SH |  | SOLE | 0 | 2000 | 0 | 0 |
| DEVON ENERGY CORP NEW COM | Stock | 25179M103 |  | 9723439 | 158079 | SH |  | SOLE | 0 | 158009 | 0 | 70 |
| WESTROCK CO COM | Stock | 96145D105 |  | 7811479 | 222169 | SH |  | SOLE | 0 | 222099 | 0 | 70 |
| CROWN CASTLE INC COM | REIT | 22822V101 |  | 7723124 | 56938 | SH |  | SOLE | 0 | 56706 | 0 | 232 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 349289 | 1444 | SH |  | SOLE | 0 | 1444 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 29885201 | 230010 | SH |  | SOLE | 0 | 229118 | 0 | 892 |
| ABBOTT LABS COM | Stock | 002824100 |  | 279635 | 2547 | SH |  | SOLE | 0 | 2547 | 0 | 0 |
| MADISON SQUARE GRDN SPRT CORP CL A | Stock | 55825T103 |  | 293328 | 1600 | SH |  | SOLE | 0 | 1600 | 0 | 0 |
| SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | ETF | 78468R663 |  | 4993347 | 54590 | SH |  | SOLE | 0 | 54027 | 0 | 563 |

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