KAMES CAPITAL management Ltd

Open in PORT →← all managers

CIK 1539976

13F portfolio (2014-Q4)

$3.4B

Positions

163

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2014-Q3. 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.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

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.

Exposures · what this manager owns, by sector & size (2014-Q4)

Holdings

163

Top 5

17.8%

Top 10

30.6%

Effective N

52.9

HHI

0.019

This quarter

26 new · 0 exit →

By sector

Unclassified22.4%

Information Technology15.5%

Health Care13.7%

Financials13.0%

Industrials8.2%

Consumer Discretionary7.8%

Communication Services7.1%

Energy6.1%

Other6.3%

By market cap

Large ($10–200B)41.1%

Mega (>$200B)29.7%

Unknown24.9%

Mid ($2–10B)3.9%

Small ($300M–2B)0.4%

By region

North America77.4%

Other22.4%

Asia-Pacific0.2%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	22.46%	39
Pharmaceuticals & Biotechnology	11.28%	6
Banks	8.60%	7
Specialty Retail	6.19%	10
Oil, Gas & Consumable Fuels	6.11%	8
Technology Hardware & Equipment	5.84%	6
Media & Entertainment	4.13%	2
Health Care Equipment & Supplies	3.01%	5
Tobacco	2.84%	2
Electrical Equipment & Components	2.80%	2
Insurance	2.76%	5
Road & Rail	2.58%	3
Chemicals	2.46%	4
Communications Equipment	2.19%	1
Entertainment	2.18%	1
Aerospace & Defense	2.15%	3
Semiconductors & Semiconductor Equipment	2.06%	6
Commercial Services & Supplies	1.88%	8
Software & IT Services	1.57%	4
Professional Services	1.52%	1
Software	1.17%	4
Machinery	0.72%	3
Distributors	0.67%	3
Diversified Telecommunication Services	0.56%	3
Hotels, Restaurants & Leisure	0.43%	2
Utilities	0.36%	4
Capital Markets	0.33%	7
Household Durables	0.32%	1
Metals & Mining	0.27%	1
Beverages	0.16%	3
Food Products	0.12%	2
Textiles, Apparel & Luxury Goods	0.11%	2
Real Estate Management & Development	0.04%	1
Automobiles & Components	0.04%	1
Media & Publishing	0.03%	1
Airlines	0.03%	1
Agricultural Products	0.03%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	EEM	ISHARES TR	Unclassified	3.91%
2	ABBV	AbbVie Inc.	Health Care	3.83%
3	WFC	WELLS FARGO & COMPANY/MN	Financials	3.76%
4	MRK	Merck & Co., Inc.	Health Care	3.39%
5	TJX	TJX COMPANIES INC /DE/	Consumer Discretionary	2.91%
6	PM	Philip Morris International Inc.	Consumer Staples	2.73%
7	EMR	EMERSON ELECTRIC CO	Information Technology	2.71%
8		MONSANTO CO NEW	Unclassified	2.58%
9	AXP	AMERICAN EXPRESS CO	Financials	2.49%
10	AAPL	Apple Inc.	Information Technology	2.33%

125/163 names classified · sector 77.6% of weight · industry 77.5% · mkt cap 75.1%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 7 quarters

Information TechnologyAAPL, EMR, CSCO, IBM, QCOM · other

Health CareMRK, ABBV, PFE, COO, GILD · other

FinancialsAXP, WFC, AFL, V, RY · other

EnergyCVX, SLB, HP, MPC, EOG · other

IndustrialsPII, UNP, IT, LMT, ODFL · other

Consumer DiscretionaryTJX, WMT, AZO, MCD, MAT · other

Communication ServicesOMC, CMCSA, DIS, VZ, T · other

Consumer StaplesPM, MNST, MO, CVS, PEP · other

MaterialsCL, PG, CLX, EL, NKE · other

UtilitiesPEG, NFG, UGI, EXC, AWR · other

Real EstateAMT, EPR, JLL

UnclassifiedEEM, GOOGLE INC, UNITED TECHNOLOGIES CORP, MONSANTO CO NEW, Alphabet CL C · other

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: 77.6% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2014-Q4), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (117 classified)KAMES CAPITAL management Ltd centroid (Large Core)

Information TechnologyHealth CareFinancialsIndustrialsConsumer DiscretionaryCommunication ServicesEnergyConsumer StaplesMaterialsUtilitiesReal Estate

Style box summary for KAMES CAPITAL management Ltd: centroid Large Core. Heaviest cells: Large Value 30.2%, Large Core 16.0%, Large Growth 9.9%.

Classified: 74.7% of book weight (117/129 names) · unclassified 25.3%: , EEM, RY, IBN, CTRA, SNDK, VIPS, BABA, TSM, BRK.B +2 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 163 positions (2014-Q4) · largest first · Δ vs 2014-Q3

#	Security	Shares	Value	Weight	Δ QoQ
1	EEMISHARES TR	3,382,095	$133M	3.9%	TRIM −8%
2	ABBVABBVIE INC	1,987,811	$130M	3.8%	ADD 4%
3	WFCWELLS FARGO CO NEW	2,330,381	$128M	3.8%	ADD 20%
4	MRKMERCK & CO INC	2,022,848	$115M	3.4%	ADD 19%
5	TJXTJX COS INC NEW	1,438,313	$99M	2.9%	ADD 37%
6	PMPHILIP MORRIS INTL INC	1,138,342	$93M	2.7%	ADD 17%
7	EMREMERSON ELEC CO	1,489,932	$92M	2.7%	ADD 23%
8	MONSANTO CO NEW	733,391	$88M	2.6%	ADD 61%
9	AXPAMERICAN EXPRESS CO	906,923	$84M	2.5%	ADD 19%
10	AAPLAPPLE INC	717,344	$79M	2.3%	TRIM −21%
11	OMCOMNICOM GROUP INC	1,003,823	$78M	2.3%	ADD 20%
12	CSCOCISCO SYS INC	2,704,780	$75M	2.2%	TRIM −8%
13	QCOMQUALCOMM INC	1,000,273	$74M	2.2%	ADD 8%
14	DISDISNEY WALT CO	784,128	$74M	2.2%	ADD 5%
15	Alphabet CL C	139,111	$73M	2.2%	ADD 13%
16	RYROYAL BK CDA	1,040,084	$72M	2.1%	ADD 25%
17	SLBSCHLUMBERGER LTD	802,478	$69M	2.0%	ADD 30%
18	CVXCHEVRON CORP NEW	609,650	$68M	2.0%	TRIM −9%
19	COOCOOPER COMPANIES INC	413,606	$67M	2.0%	ADD 36%
20	CMCSACOMCAST CORP NEW	1,077,058	$62M	1.8%	ADD 16%
21	UNITED TECHNOLOGIES CORP	537,729	$62M	1.8%	TRIM −5%
22	GOOGLE INC	116,356	$62M	1.8%	ADD 12%
23	CELGENE CORP	542,941	$61M	1.8%	ADD 6%
24	GILDGILEAD SCIENCES INC	593,591	$56M	1.6%	TRIM −17%
25	MEAD JOHNSON NUTRITION CO	526,163	$53M	1.6%	ADD 31%
26	ITGARTNER INC	610,700	$51M	1.5%	ADD 45%
27	AZOAUTOZONE INC	82,018	$51M	1.5%	TRIM −6%
28	SWKSSKYWORKS SOLUTIONS INC	685,981	$50M	1.5%	ADD 30%
29	WMTWALMART INC	552,226	$47M	1.4%	TRIM −5%
30	AFLAFLAC INC	748,205	$46M	1.3%	TRIM −5%
31	VVISA INC	162,338	$43M	1.3%	TRIM −11%
32	PIIPOLARIS INC	267,429	$40M	1.2%	TRIM −6%
33	UNPUNION PAC CORP	323,509	$39M	1.1%	TRIM −6%
34	LINEAR TECHNOLOGY CORP	820,398	$37M	1.1%	TRIM −8%
35	CLCOLGATE PALMOLIVE CO	530,674	$37M	1.1%	TRIM −5%
36	IBNICICI BANK LIMITED	3,056,104	$35M	1.0%	ADD 967%
37	MSFTMICROSOFT CORP	721,483	$34M	1.0%	TRIM −8%
38	ODFLOLD DOMINION FREIGHT LINE IN	431,394	$33M	1.0%	TRIM −6%
39	WDCWESTERN DIGITAL CORP	289,604	$32M	0.9%	TRIM −10%
40	FDSFACTSET RESH SYS INC	224,077	$32M	0.9%	ADD 1769%
41	LMTLOCKHEED MARTIN CORP	155,385	$30M	0.9%	TRIM −15%
42	DIRECTV	343,846	$30M	0.9%	TRIM −8%
43	JNJJOHNSON & JOHNSON	283,359	$30M	0.9%	TRIM −15%
44	ABTABBOTT LABS	654,623	$29M	0.9%	TRIM −6%
45	EOGEOG RES INC	292,229	$27M	0.8%	TRIM −5%
46	WADDELL & REED FINL INC	520,882	$26M	0.8%	ADD 45%
47	CTRACOTERRA ENERGY INC	858,388	$25M	0.7%	ADD 34%
48	PGPROCTER AND GAMBLE CO	272,936	$25M	0.7%	HOLD
49	HPHelmerich & Payne Inc.	357,871	$24M	0.7%	TRIM −9%
50	MRSHMARSH & MCLENNAN COS INC	402,861	$23M	0.7%	TRIM −6%
51	PFEPFIZER INC	736,836	$23M	0.7%	TRIM −24%
52	CMICUMMINS INC	146,196	$21M	0.6%	TRIM −6%
53	MMM3M CO	128,064	$21M	0.6%	HOLD
54	CLXCLOROX CO DEL	201,278	$21M	0.6%	ADD 108%
55	AJGGALLAGHER ARTHUR J & CO	404,846	$19M	0.6%	TRIM −11%
56	GPCGENUINE PARTS CO	174,932	$19M	0.5%	HOLD
57	UBIQUITI NETWORKS INC	569,942	$17M	0.5%	TRIM −8%
58	XOMEXXON MOBIL CORP	173,414	$16M	0.5%	TRIM −2%
59	UPSUNITED PARCEL SERVICE INC	139,837	$16M	0.5%	HOLD
60	TAT&T INC	451,320	$15M	0.4%	HOLD
61	MCDMCDONALDS CORP	141,852	$13M	0.4%	TRIM −19%
62	ADPAUTOMATIC DATA PROCESSING IN	145,448	$12M	0.4%	HOLD
63	BAXBAXTER INTL INC	161,345	$12M	0.3%	HOLD
64	LEGLEGGETT & PLATT INC	251,662	$11M	0.3%	HOLD
65	MAXIM INTEGRATED PRODS INC	314,505	$10M	0.3%	TRIM −18%
66	GLWCORNING INC	393,994	$9M	0.3%	ADD 6%
67	SNDKSANDISK CORP	78,333	$8M	0.2%	TRIM −6%
68	PEGPUBLIC SVC ENTERPRISE GROUP	171,534	$7M	0.2%	HOLD
69	AVGOBROADCOM CORP	159,773	$7M	0.2%	ADD 378%
70	FISVFISERV INC	94,614	$7M	0.2%	ADD 11%
71	APHAMPHENOL CORP	111,121	$6M	0.2%	ADD 91%
72	LEXMARK INTL INC	140,850	$6M	0.2%	NEW
73	REYNOLDS AMERICAN INC	90,357	$6M	0.2%	TRIM −55%
74	METAMETA PLATFORMS INC	70,302	$5M	0.2%	TRIM −14%
75	VIPSVIPSHOP HLDGS LTD	263,000	$5M	0.2%	ADD 558%
76	BABAALIBABA GROUP HLDG LTD	48,200	$5M	0.1%	NEW
77	JKHYHENRY JACK & ASSOC INC	67,444	$4M	0.1%	TRIM −39%
78	AKAMAKAMAI TECHNOLOGIES INC	60,686	$4M	0.1%	NEW
79	VMWARE INC	44,537	$4M	0.1%	NEW
80	MOALTRIA GROUP INC	72,328	$4M	0.1%	HOLD
81	UNHUNITEDHEALTH GROUP INC	34,955	$4M	0.1%	HOLD
82	GEGENERAL ELECTRIC CO	128,476	$3M	0.1%	HOLD
83	TSMTAIWAN SEMICONDUCTOR MFG LTD	144,279	$3M	0.1%	TRIM −74%
84	BRK.BBERKSHIRE HATHAWAY INC DEL	20,896	$3M	0.1%	HOLD
85	FFIVF5 INC	22,017	$3M	0.1%	TRIM −16%
86	ALLERGAN INC	13,397	$3M	0.1%	TRIM −19%
87	TXNTEXAS INSTRS INC	52,015	$3M	0.1%	HOLD
88	MSMORGAN STANLEY	70,859	$3M	0.1%	HOLD
89	JPMJPMORGAN CHASE & CO	43,902	$3M	0.1%	HOLD
90	SNPSSYNOPSYS INC	59,941	$3M	0.1%	NEW
91	PRICELINE COM INC	2,258	$3M	0.1%	TRIM −24%
92	GDGENERAL DYNAMICS CORP	18,350	$3M	0.1%	HOLD
93	PTCPTC INC	67,914	$2M	0.1%	TRIM −25%
94	PEPPEPSICO INC	25,808	$2M	0.1%	HOLD
95	ANADARKO PETE CORP	29,048	$2M	0.1%	ADD 16%
96	TRVTRAVELERS COMPANIES INC	21,704	$2M	0.1%	ADD 119%
97	EXCEXELON CORP	61,160	$2M	0.1%	HOLD
98	ADMARCHER DANIELS MIDLAND CO	43,002	$2M	0.1%	HOLD
99	SHWSHERWIN WILLIAMS CO	8,384	$2M	0.1%	ADD 71%
100	COFCAPITAL ONE FINL CORP	26,206	$2M	0.1%	HOLD
101	CAHCARDINAL HEALTH INC	25,972	$2M	0.1%	ADD 17%
102	HDHOME DEPOT INC	19,330	$2M	0.1%	HOLD
103	RHIROBERT HALF INC.	33,892	$2M	0.1%	HOLD
104	VZVERIZON COMMUNICATIONS INC	42,199	$2M	0.1%	HOLD
105	MYLAN INC	34,646	$2M	0.1%	NEW
106	PETSMART INC	23,769	$2M	0.1%	ADD 32%
107	CTASCINTAS CORP	24,352	$2M	0.1%	ADD 29%
108	UGIUGI CORP NEW	50,115	$2M	0.1%	HOLD
109	DR PEPPER SNAPPLE GROUP INC	26,310	$2M	0.1%	TRIM −18%
110	DPZDOMINOS PIZZA INC	19,746	$2M	0.1%	HOLD
111	BALLBALL CORP	27,254	$2M	0.1%	HOLD
112	CBOECBOE GLOBAL MKTS INC	28,918	$2M	0.1%	HOLD
113	KEURIG GREEN MTN INC	13,415	$2M	0.1%	ADD 26%
114	WTWISDOMTREE INC	111,799	$2M	0.1%	HOLD
115	GILGILDAN ACTIVEWEAR INC	30,915	$2M	0.1%	HOLD
116	LUMNLUMEN TECHNOLOGIES INC	44,119	$2M	0.1%	ADD 36%
117	SPDR Bloomberg Barclays High Yie	45,092	$2M	0.1%	NEW
118	HRLHORMEL FOODS CORP	33,317	$2M	0.1%	NEW
119	SIRONA DENTAL SYSTEMS INC	19,620	$2M	0.1%	ADD 36%
120	BLKBLACKROCK INC	4,788	$2M	0.1%	HOLD
121	RSGREPUBLIC SVCS INC	42,423	$2M	0.1%	ADD 31%
122	TAPMOLSON COORS BEVERAGE CO	22,074	$2M	0.0%	ADD 33%
123	BACBANK AMERICA CORP	90,362	$2M	0.0%	TRIM −49%
124	TENNECO INC	27,958	$2M	0.0%	HOLD
125	BLACKSTONE GROUP LP	46,800	$2M	0.0%	HOLD
126	COPCONOCOPHILLIPS	22,479	$2M	0.0%	TRIM −50%
127	MORNMORNINGSTAR INC	22,976	$1M	0.0%	HOLD
128	TTCTORO CO	23,006	$1M	0.0%	HOLD
129	JLLJONES LANG LASALLE INC	9,671	$1M	0.0%	HOLD
130	THRMGENTHERM INC	39,075	$1M	0.0%	NEW
131	KOCOCA COLA CO	33,234	$1M	0.0%	HOLD
132	SANDERSON FARMS INC	16,530	$1M	0.0%	HOLD
133	EWEDWARDS LIFESCIENCES CORP	10,679	$1M	0.0%	HOLD
134	HEALTHSOUTH CORP	35,075	$1M	0.0%	ADD 42%
135	URIUNITED RENTALS INC	12,894	$1M	0.0%	NEW
136	SOUTHWESTERN ENERGY CO	47,140	$1M	0.0%	HOLD
137	ARMKARAMARK	40,962	$1M	0.0%	HOLD
138	ZUMZZUMIEZ INC	32,696	$1M	0.0%	HOLD
139	INTCINTEL CORP	34,331	$1M	0.0%	HOLD
140	HEWLETT PACKARD CO	31,012	$1M	0.0%	NEW
141	CCITIGROUP INC	22,409	$1M	0.0%	HOLD
142	CARRIZO OIL & GAS INC	25,784	$1M	0.0%	NEW
143	ORCLORACLE CORP	23,776	$1M	0.0%	TRIM −89%
144	IBMINTERNATIONAL BUSINESS MACHS	6,555	$1M	0.0%	TRIM −97%
145	NORDSTROM INC	13,053	$1M	0.0%	NEW
146	SYKSTRYKER CORPORATION	10,861	$1M	0.0%	NEW
147	PCGPG&E CORP	19,141	$1M	0.0%	NEW
148	DLXDELUXE CORP MEDIUM TERM NTS	16,264	$1M	0.0%	NEW
149	STRATEGIC HOTEL	76,205	$1M	0.0%	NEW
150	LUVSOUTHWEST AIRLS CO	23,780	$1M	0.0%	NEW
151	SMGSCOTTS MIRACLE-GRO CO	15,930	$992,439	0.0%	NEW
152	FIVEFIVE BELOW INC	24,037	$981,431	0.0%	NEW
153	DVNDEVON ENERGY CORP NEW	16,024	$980,669	0.0%	NEW
154	E M C CORP MASS	32,123	$955,659	0.0%	HOLD
155	VERINT SYS INC	16,400	$955,628	0.0%	NEW
156	ABALLIANCEBERNSTEIN HLDG L P	36,412	$939,065	0.0%	NEW
157	GMEGAMESTOP CORP	26,338	$889,171	0.0%	HOLD
158	CALMCal-Maine Foods, Inc.	22,298	$870,291	0.0%	NEW
159	AMZNAMAZON COM INC	2,790	$865,877	0.0%	HOLD
160	WCNWaste Connections	19,390	$852,966	0.0%	NEW
161	EVREVERCORE INC	15,901	$832,576	0.0%	HOLD
162	SMSM ENERGY CO	21,043	$811,839	0.0%	ADD 26%
163	CALIFORNIA RES CORP COM	5,845	$32,206	0.0%	NEW

☆KAMES CAPITAL management Ltd