CIK 1053136
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2017-Q2. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Pharmaceuticals & Biotechnology | 19.28% | 7 |
| Unclassified | 17.72% | 8 |
| Banks | 10.45% | 6 |
| Technology Hardware & Equipment | 9.78% | 4 |
| Oil, Gas & Consumable Fuels | 5.91% | 4 |
| Tobacco | 4.66% | 2 |
| Semiconductors & Semiconductor Equipment | 3.99% | 2 |
| Media & Entertainment | 3.78% | 4 |
| Software | 3.51% | 1 |
| Insurance | 3.09% | 1 |
| Health Care Equipment & Supplies | 2.84% | 1 |
| Specialty Retail | 2.35% | 1 |
| Beverages | 2.09% | 1 |
| Commercial Services & Supplies | 1.97% | 1 |
| Machinery | 1.96% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 1.91% | 2 |
| Chemicals | 1.72% | 2 |
| Aerospace & Defense | 1.67% | 1 |
| Paper & Forest Products | 1.34% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 5.48% |
| 2 | MSFT | MICROSOFT CORP | Information Technology | 3.51% |
| 3 | JNJ | JOHNSON & JOHNSON | Health Care | 3.48% |
| 4 | AAPL | Apple Inc. | Information Technology | 3.27% |
| 5 | ABBV | AbbVie Inc. | Health Care | 3.25% |
| 6 | UNH | UNITEDHEALTH GROUP INC | Financials | 3.09% |
| 7 | ABT | ABBOTT LABORATORIES | Health Care | 2.88% |
| 8 | NVS | Novartis AG | Health Care | 2.86% |
| 9 | UNILEVER PLC | Unclassified | 2.86% | |
| 10 | MDT | Medtronic plc | Health Care | 2.84% |
42/50 names classified · sector 82.3% of weight · industry 82.3% · mkt cap 74.4%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 82.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 72.9% of book weight (35/44 names) · unclassified 27.1%: , SPY, NVS, BTI, ENB, ARE, CVE, LBRDK, LBRDA. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | SPYSTATE STR SPDR S&P 500 ETF T | 476,619 | $120M | 5.5% | TRIM −47% |
| 2 | MSFTMICROSOFT CORP | 1,028,295 | $77M | 3.5% | HOLD |
| 3 | JNJJOHNSON & JOHNSON | 584,549 | $76M | 3.5% | HOLD |
| 4 | AAPLAPPLE INC | 463,256 | $71M | 3.3% | TRIM −14% |
| 5 | ABBVABBVIE INC | 799,806 | $71M | 3.3% | HOLD |
| 6 | UNHUNITEDHEALTH GROUP INC | 344,276 | $67M | 3.1% | HOLD |
| 7 | ABTABBOTT LABS | 1,180,779 | $63M | 2.9% | HOLD |
| 8 | NVSNOVARTIS AG | 728,979 | $63M | 2.9% | HOLD |
| 9 | UNILEVER PLC | 1,079,181 | $63M | 2.9% | HOLD |
| 10 | MDTMEDTRONIC PLC | 797,082 | $62M | 2.8% | HOLD |
| 11 | DISCOVERY COMMUNICATIONS | 3,043,056 | $62M | 2.8% | ADD 20% |
| 12 | AMGNAMGEN INC | 316,771 | $59M | 2.7% | HOLD |
| 13 | USBUS BANCORP | 1,044,496 | $56M | 2.6% | HOLD |
| 14 | IBMINTERNATIONAL BUSINESS MACHS | 385,192 | $56M | 2.6% | ADD 12% |
| 15 | BTIBRITISH AMERN TOB PLC | 873,915 | $55M | 2.5% | ADD 87% |
| 16 | TJXTJX COS INC NEW | 697,682 | $51M | 2.4% | HOLD |
| 17 | NXPINXP SEMICONDUCTORS N V | 429,341 | $49M | 2.2% | HOLD |
| 18 | JPMJPMORGAN CHASE & CO | 499,499 | $48M | 2.2% | HOLD |
| 19 | PMPHILIP MORRIS INTL INC | 425,310 | $47M | 2.2% | HOLD |
| 20 | PEPPEPSICO INC | 410,538 | $46M | 2.1% | HOLD |
| 21 | MRKMERCK & CO INC | 711,807 | $46M | 2.1% | HOLD |
| 22 | CSCOCISCO SYS INC | 1,341,688 | $45M | 2.1% | HOLD |
| 23 | ZTSZOETIS INC | 690,195 | $44M | 2.0% | HOLD |
| 24 | VVISA INC | 408,102 | $43M | 2.0% | HOLD |
| 25 | GGGGRACO INC | 346,133 | $43M | 2.0% | HOLD |
| 26 | ROYAL DUTCH SHELL PLC | 697,348 | $42M | 1.9% | HOLD |
| 27 | AMEAMETEK INC | 624,895 | $41M | 1.9% | HOLD |
| 28 | ENBENBRIDGE INC | 948,021 | $40M | 1.8% | HOLD |
| 29 | APHAMPHENOL CORP | 457,169 | $39M | 1.8% | TRIM −25% |
| 30 | CMCSACOMCAST CORP NEW | 1,001,208 | $39M | 1.8% | ADD 37% |
| 31 | XOMEXXON MOBIL CORP | 469,290 | $38M | 1.8% | HOLD |
| 32 | WFCWELLS FARGO CO NEW | 682,206 | $38M | 1.7% | TRIM −42% |
| 33 | HONHONEYWELL INTL INC | 257,292 | $36M | 1.7% | HOLD |
| 34 | Weingarten Rlty Invs Common | 1,132,468 | $36M | 1.6% | HOLD |
| 35 | SLBSCHLUMBERGER LTD | 497,927 | $35M | 1.6% | HOLD |
| 36 | LIBERTY INTERACTIVE CORP | 1,456,758 | $34M | 1.6% | HOLD |
| 37 | STTSTATE STR CORP | 346,227 | $33M | 1.5% | HOLD |
| 38 | CHTRCHARTER COMMUNICATIONS INC | 84,400 | $31M | 1.4% | TRIM −55% |
| 39 | NKENIKE INC | 568,863 | $29M | 1.3% | HOLD |
| 40 | FBINFORTUNE BRANDS INNOVATIONS I | 435,428 | $29M | 1.3% | HOLD |
| 41 | MTBM & T BK CORP | 181,619 | $29M | 1.3% | HOLD |
| 42 | BB&T CORP | 542,256 | $25M | 1.2% | HOLD |
| 43 | BNYBANK NEW YORK MELLON CORP | 464,354 | $25M | 1.1% | HOLD |
| 44 | SPGSIMON PPTY GROUP INC NEW | 148,547 | $24M | 1.1% | HOLD |
| 45 | AREALEXANDRIA REAL ESTATE EQ IN | 149,806 | $18M | 0.8% | HOLD |
| 46 | CVECENOVUS ENERGY INC | 1,617,901 | $16M | 0.7% | HOLD |
| 47 | LBRDKLIBERTY BROADBAND CORP | 120,898 | $12M | 0.5% | HOLD |
| 48 | CHDCHURCH & DWIGHT CO INC | 167,783 | $8M | 0.4% | HOLD |
| 49 | WYNDHAM WORLDWIDE CORP | 49,708 | $5M | 0.2% | TRIM −86% |
| 50 | LBRDALIBERTY BROADBAND CORP | 20,390 | $2M | 0.1% | HOLD |
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