# EDGAR Filing Document

**Accession Number:** 0001164062
**File Stem:** 0001580642-23-000250
**Filing Date:** 2023-1
**Character Count:** 15757
**Document Hash:** 5fcc24aa299711b186138f2e051382c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-23-000250.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0001580642-23-000250

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**EFFECTIVENESS DATE**: 20230117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEALWOOD ASSET MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001164062
- **IRS NUMBER:** 411569172
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10065
- **FILM NUMBER:** 23532161

**BUSINESS ADDRESS:**
- **STREET 1:** 120 SOUTH 6TH STREET
- **STREET 2:** SUITE 1900
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 612-767-6220

**MAIL ADDRESS:**
- **STREET 1:** 120 SOUTH 6TH STREET
- **STREET 2:** SUITE 1900
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

### 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:** TEALWOOD ASSET MANAGEMENT INC<br>**Address:** 120 South 6th Street<br>Suite 1900<br>Minneapolis, MN 55402

**Form 13F File Number:** 028-10065

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:** Michelle Warneke<br>**Title:** CCO/Director of Operations<br>**Phone:** 612-767-6757

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

/s/ Michelle Warneke  Minneapolis, MN  01-17-2023<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:** 127

**Form 13F Information Table Value Total:** $191347

      (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 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 1353 | 4020 | SH |  | SOLE |  | 1759 | 0 | 2261 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1695 | 5486 | SH |  | SOLE |  | 2711 | 0 | 2775 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 1556 | 13025 | SH |  | SOLE |  | 6076 | 0 | 6949 |
| AMGEN INC | COM | 031162100 |  | 1398 | 5321 | SH |  | SOLE |  | 2273 | 0 | 3048 |
| ABBOTT LABS | COM | 002824100 |  | 1675 | 15260 | SH |  | SOLE |  | 9114 | 0 | 6146 |
| GRAINGER W W INC | COM | 384802104 |  | 1625 | 2922 | SH |  | SOLE |  | 1183 | 0 | 1739 |
| QUALCOMM INC | COM | 747525103 |  | 1087 | 9884 | SH |  | SOLE |  | 4202 | 0 | 5682 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1189 | 5011 | SH |  | SOLE |  | 2039 | 0 | 2972 |
| SYSCO CORP | COM | 871829107 |  | 1214 | 15877 | SH |  | SOLE |  | 6414 | 0 | 9463 |
| US BANCORP DEL | COM NEW | 902973304 |  | 2045 | 46898 | SH |  | SOLE |  | 24082 | 0 | 22816 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2838 | 16067 | SH |  | SOLE |  | 8019 | 0 | 8048 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1655 | 21288 | SH |  | SOLE |  | 10641 | 0 | 10647 |
| MICROSOFT CORP | COM | 594918104 |  | 1851 | 7718 | SH |  | SOLE |  | 2836 | 0 | 4882 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2234 | 12854 | SH |  | SOLE |  | 6455 | 0 | 6399 |
| AT INC | COM | 00206R102 |  | 642 | 34885 | SH |  | SOLE |  | 272 | 0 | 34613 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1603 | 37242 | SH |  | SOLE |  | 17730 | 0 | 19512 |
| CISCO SYS INC | COM | 17275R102 |  | 2303 | 48335 | SH |  | SOLE |  | 23615 | 0 | 24720 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 328 | 2327 | SH |  | SOLE |  | 0 | 0 | 2327 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 3002 | 6172 | SH |  | SOLE |  | 3096 | 0 | 3075 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1405 | 16878 | SH |  | SOLE |  | 7039 | 0 | 9840 |
| STARBUCKS CORP | COM | 855244109 |  | 1341 | 13518 | SH |  | SOLE |  | 5999 | 0 | 7519 |
| WALMART INC | COM | 931142103 |  | 846 | 5963 | SH |  | SOLE |  | 300 | 0 | 5663 |
| APPLIED MATLS INC | COM | 038222105 |  | 1034 | 10615 | SH |  | SOLE |  | 4461 | 0 | 6154 |
| UNION PAC CORP | COM | 907818108 |  | 2079 | 10039 | SH |  | SOLE |  | 4974 | 0 | 5065 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 2758 | 40678 | SH |  | SOLE |  | 20711 | 0 | 19967 |
| TARGET CORP | COM | 87612E106 |  | 533 | 3575 | SH |  | SOLE |  | 0 | 0 | 3575 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 836 | 13630 | SH |  | SOLE |  | 7043 | 0 | 6587 |
| STATE STR CORP | COM | 857477103 |  | 2238 | 28853 | SH |  | SOLE |  | 14458 | 0 | 14396 |
| MERCK  CO INC | COM | 58933Y105 |  | 4843 | 43655 | SH |  | SOLE |  | 14556 | 0 | 29099 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 2307 | 25433 | SH |  | SOLE |  | 12663 | 0 | 12770 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 2262 | 16660 | SH |  | SOLE |  | 8114 | 0 | 8546 |
| MCDONALDS CORP | COM | 580135101 |  | 2699 | 10243 | SH |  | SOLE |  | 5123 | 0 | 5119 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1531 | 22971 | SH |  | SOLE |  | 9928 | 0 | 13043 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 709 | 352 | SH |  | SOLE |  | 119 | 0 | 233 |
| GEN DIGITAL INC | COM | 668771108 |  | 2304 | 107527 | SH |  | SOLE |  | 55918 | 0 | 51609 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1007 | 24390 | SH |  | SOLE |  | 0 | 0 | 24390 |
| CORNING INC | COM | 219350105 |  | 1913 | 59893 | SH |  | SOLE |  | 31429 | 0 | 28464 |
| XCEL ENERGY INC | COM | 98389B100 |  | 245 | 3496 | SH |  | SOLE |  | 3000 | 0 | 496 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 3143 | 5929 | SH |  | SOLE |  | 2839 | 0 | 3090 |
| CROWN CASTLE INC | COM | 22822V101 |  | 1878 | 13845 | SH |  | SOLE |  | 7098 | 0 | 6747 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 1622 | 16073 | SH |  | SOLE |  | 6408 | 0 | 9665 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 1686 | 10187 | SH |  | SOLE |  | 4303 | 0 | 5884 |
| APPLE INC | COM | 037833100 |  | 1478 | 11374 | SH |  | SOLE |  | 4919 | 0 | 6455 |
| LAM RESEARCH CORP | COM | 512807108 |  | 921 | 2191 | SH |  | SOLE |  | 891 | 0 | 1300 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 1049 | 8582 | SH |  | SOLE |  | 3277 | 0 | 5305 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 353 | 3388 | SH |  | SOLE |  | 1187 | 0 | 2201 |
| ROSS STORES INC | COM | 778296103 |  | 1303 | 11228 | SH |  | SOLE |  | 4665 | 0 | 6563 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 1060 | 16993 | SH |  | SOLE |  | 7143 | 0 | 9850 |
| PATHWARD FINANCIAL INC | COM | 59100U108 |  | 1123 | 26095 | SH |  | SOLE |  | 12869 | 0 | 13227 |
| F5 INC | COM | 315616102 |  | 876 | 6104 | SH |  | SOLE |  | 2939 | 0 | 3165 |
| NETAPP INC | COM | 64110D104 |  | 1895 | 31544 | SH |  | SOLE |  | 16475 | 0 | 15068 |
| SHYFT GROUP INC | COM | 825698103 |  | 1310 | 52700 | SH |  | SOLE |  | 25334 | 0 | 27366 |
| AMEREN CORP | COM | 023608102 |  | 1183 | 13308 | SH |  | SOLE |  | 5519 | 0 | 7789 |
| S GLOBAL INC | COM | 78409V104 |  | 1217 | 3634 | SH |  | SOLE |  | 1515 | 0 | 2119 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 1094 | 12982 | SH |  | SOLE |  | 5361 | 0 | 7621 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 1399 | 3504 | SH |  | SOLE |  | 1683 | 0 | 1821 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 288 | 1120 | SH |  | SOLE |  | 0 | 0 | 1120 |
| GENTEX CORP | COM | 371901109 |  | 888 | 32558 | SH |  | SOLE |  | 15348 | 0 | 17211 |
| AUTOZONE INC | COM | 053332102 |  | 1568 | 636 | SH |  | SOLE |  | 276 | 0 | 360 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 2027 | 26483 | SH |  | SOLE |  | 11921 | 0 | 14562 |
| PTC INC | COM | 69370C100 |  | 1181 | 9841 | SH |  | SOLE |  | 4794 | 0 | 5047 |
| NVR INC | COM | 62944T105 |  | 1125 | 244 | SH |  | SOLE |  | 101 | 0 | 143 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1300 | 4502 | SH |  | SOLE |  | 1756 | 0 | 2746 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 1499 | 14766 | SH |  | SOLE |  | 6205 | 0 | 8561 |
| MASCO CORP | COM | 574599106 |  | 882 | 18898 | SH |  | SOLE |  | 9006 | 0 | 9892 |
| EATON CORP PLC | SHS | G29183103 |  | 1409 | 8978 | SH |  | SOLE |  | 3692 | 0 | 5286 |
| HUMANA INC | COM | 444859102 |  | 1609 | 3142 | SH |  | SOLE |  | 1375 | 0 | 1767 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1662 | 12279 | SH |  | SOLE |  | 5091 | 0 | 7188 |
| CUMMINS INC | COM | 231021106 |  | 2280 | 9412 | SH |  | SOLE |  | 4788 | 0 | 4624 |
| CACI INTL INC | CL A | 127190304 |  | 1030 | 3425 | SH |  | SOLE |  | 1627 | 0 | 1798 |
| COOPER COS INC | COM NEW | 216648402 |  | 966 | 2921 | SH |  | SOLE |  | 1399 | 0 | 1522 |
| SIERRA WIRELESS INC | COM | 826516106 |  | 2232 | 76992 | SH |  | SOLE |  | 37772 | 0 | 39220 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1069 | 12112 | SH |  | SOLE |  | 5692 | 0 | 6420 |
| TELEFLEX INCORPORATED | COM | 879369106 |  | 723 | 2895 | SH |  | SOLE |  | 1374 | 0 | 1521 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 1752 | 2428 | SH |  | SOLE |  | 1021 | 0 | 1407 |
| BLACKROCK INC | COM | 09247X101 |  | 1193 | 1683 | SH |  | SOLE |  | 705 | 0 | 978 |
| GARMIN LTD | SHS | H2906T109 |  | 1973 | 21381 | SH |  | SOLE |  | 10818 | 0 | 10563 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 2121 | 40314 | SH |  | SOLE |  | 19834 | 0 | 20480 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 1494 | 26249 | SH |  | SOLE |  | 12709 | 0 | 13540 |
| NASDAQ INC | COM | 631103108 |  | 1230 | 20053 | SH |  | SOLE |  | 9448 | 0 | 10605 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1059 | 10327 | SH |  | SOLE |  | 4080 | 0 | 6247 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 1251 | 4301 | SH |  | SOLE |  | 1711 | 0 | 2590 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 1581 | 4787 | SH |  | SOLE |  | 2314 | 0 | 2473 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 1388 | 13413 | SH |  | SOLE |  | 6517 | 0 | 6896 |
| HOLOGIC INC | COM | 436440101 |  | 1193 | 15942 | SH |  | SOLE |  | 6612 | 0 | 9330 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1374 | 2495 | SH |  | SOLE |  | 1179 | 0 | 1316 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 785 | 11573 | SH |  | SOLE |  | 4595 | 0 | 6978 |
| EXELIXIS INC | COM | 30161Q104 |  | 453 | 28224 | SH |  | SOLE |  | 14671 | 0 | 13553 |
| SILICON MOTION TECHNOLOGY CO | SPONSORED ADR | 82706C108 |  | 860 | 13233 | SH |  | SOLE |  | 6318 | 0 | 6915 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 971 | 3785 | SH |  | SOLE |  | 1846 | 0 | 1939 |
| COGENT COMMUNICATIONS HLDGS | COM NEW | 19239V302 |  | 2033 | 35617 | SH |  | SOLE |  | 17748 | 0 | 17869 |
| ICON PLC | SHS | G4705A100 |  | 1145 | 5896 | SH |  | SOLE |  | 2872 | 0 | 3024 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 1556 | 15520 | SH |  | SOLE |  | 7621 | 0 | 7898 |
| LHC GROUP INC | COM | 50187A107 |  | 1425 | 8815 | SH |  | SOLE |  | 4274 | 0 | 4541 |
| BLACKSTONE INC | COM | 09260D107 |  | 1525 | 20552 | SH |  | SOLE |  | 10637 | 0 | 9915 |
| VMWARE INC | CL A COM | 928563402 |  | 1335 | 10871 | SH |  | SOLE |  | 4510 | 0 | 6361 |
| CHART INDS INC | COM | 16115Q308 |  | 960 | 8327 | SH |  | SOLE |  | 4125 | 0 | 4202 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 903 | 13169 | SH |  | SOLE |  | 6470 | 0 | 6700 |
| GENPACT LIMITED | SHS | G3922B107 |  | 1181 | 25494 | SH |  | SOLE |  | 12251 | 0 | 13243 |
| VISA INC | COM CL A | 92826C839 |  | 1259 | 6061 | SH |  | SOLE |  | 2416 | 0 | 3645 |
| PURE CYCLE CORP | COM NEW | 746228303 |  | 1352 | 129047 | SH |  | SOLE |  | 69467 | 0 | 59580 |
| COMMVAULT SYS INC | COM | 204166102 |  | 1062 | 16898 | SH |  | SOLE |  | 8171 | 0 | 8727 |
| ENERGY RECOVERY INC | COM | 29270J100 |  | 1218 | 59439 | SH |  | SOLE |  | 28900 | 0 | 30539 |
| BROADCOM INC | COM | 11135F101 |  | 2915 | 5213 | SH |  | SOLE |  | 2646 | 0 | 2568 |
| R1 RCM INC | COM | 77634L105 |  | 1058 | 96646 | SH |  | SOLE |  | 47525 | 0 | 49121 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1389 | 21775 | SH |  | SOLE |  | 10511 | 0 | 11263 |
| HORIZON THERAPEUTICS PUB L | SHS | G46188101 |  | 1581 | 13890 | SH |  | SOLE |  | 6631 | 0 | 7259 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1294 | 10751 | SH |  | SOLE |  | 4641 | 0 | 6110 |
| FLEETCOR TECHNOLOGIES INC | COM | 339041105 |  | 791 | 4305 | SH |  | SOLE |  | 2025 | 0 | 2280 |
| AMMO INC | COM | 00175J107 |  | 5899 | 3410000 | SH |  | SOLE |  | 0 | 0 | 3410000 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1084 | 7771 | SH |  | SOLE |  | 3127 | 0 | 4644 |
| ABBVIE INC | COM | 00287Y109 |  | 3404 | 21062 | SH |  | SOLE |  | 10374 | 0 | 10688 |
| GOGO INC | COM | 38046C109 |  | 1979 | 134103 | SH |  | SOLE |  | 64149 | 0 | 69954 |
| NMI HLDGS INC | CL A | 629209305 |  | 980 | 46889 | SH |  | SOLE |  | 22072 | 0 | 24817 |
| TRINET GROUP INC | COM | 896288107 |  | 1039 | 15323 | SH |  | SOLE |  | 7539 | 0 | 7784 |
| NEXTERA ENERGY PARTNERS LP | COM UNIT PART IN | 65341B106 |  | 1034 | 14759 | SH |  | SOLE |  | 6922 | 0 | 7836 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 1014 | 25744 | SH |  | SOLE |  | 11108 | 0 | 14636 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 1492 | 8722 | SH |  | SOLE |  | 3537 | 0 | 5185 |
| BOX INC | CL A | 10316T104 |  | 1654 | 53121 | SH |  | SOLE |  | 25414 | 0 | 27707 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 1315 | 4693 | SH |  | SOLE |  | 2063 | 0 | 2630 |
| METROPOLITAN BK HLDG CORP | COM | 591774104 |  | 877 | 14947 | SH |  | SOLE |  | 7148 | 0 | 7799 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 1078 | 77911 | SH |  | SOLE |  | 37436 | 0 | 40475 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 2638 | 39870 | SH |  | SOLE |  | 19363 | 0 | 20507 |
| AVANTOR INC | COM | 05352A100 |  | 974 | 46201 | SH |  | SOLE |  | 22212 | 0 | 23989 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 606 | 14599 | SH |  | SOLE |  | 7121 | 0 | 7478 |
| RINGCENTRAL INC | NOTE 3/0 | 76680RAF4 |  | 1290 | 1495000 | PRN |  | SOLE |  | 760000 | 0 | 735000 |
| DOCUSIGN INC | NOTE 1/1 | 256163AD8 |  | 3819 | 4062000 | PRN |  | SOLE |  | 1835000 | 0 | 2227000 |

---