Semper Trust Co.

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CIK 1559538

13F portfolio (2015-Q4)

$72M

Positions

105

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2015-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 (2015-Q4)

Holdings

105

Top 5

19.3%

Top 10

28.9%

Effective N

50.5

HHI

0.020

This quarter

105 new · 0 exit →

By sector

Industrials22.7%

Health Care11.6%

Financials11.0%

Unclassified10.8%

Information Technology9.3%

Consumer Discretionary9.0%

Materials8.1%

Energy6.9%

Other10.6%

By market cap

Large ($10–200B)59.2%

Mega (>$200B)23.2%

Unknown11.5%

Mid ($2–10B)6.1%

By region

North America89.2%

Other10.8%

By industry group GICS — finer than sector

Industry group	Weight	Names
Pharmaceuticals & Biotechnology	10.83%	9
Unclassified	10.82%	13
Road & Rail	10.74%	4
Oil, Gas & Consumable Fuels	6.94%	5
Chemicals	5.66%	8
Banks	5.07%	7
Insurance	3.39%	4
Technology Hardware & Equipment	3.12%	3
Electrical Equipment & Components	2.80%	2
Capital Markets	2.51%	3
Paper & Forest Products	2.46%	1
Machinery	2.37%	5
Diversified Telecommunication Services	2.31%	2
Specialty Retail	2.31%	4
Industrial Conglomerates	2.26%	1
Food & Staples Retailing	2.24%	1
Commercial Services & Supplies	2.14%	3
Semiconductors & Semiconductor Equipment	1.98%	3
Equity Real Estate Investment Trusts (REITs)	1.96%	4
Beverages	1.94%	2
Airlines	1.65%	2
Aerospace & Defense	1.58%	1
Hotels, Restaurants & Leisure	1.55%	1
Utilities	1.43%	2
Software	1.39%	2
Distributors	1.35%	2
Textiles, Apparel & Luxury Goods	1.30%	2
Household Durables	1.30%	1
Automobiles & Components	1.16%	2
Marine	1.09%	2
Construction & Engineering	0.85%	1
Health Care Equipment & Supplies	0.79%	1
Tobacco	0.73%	2

Top holdings

#	Ticker	Name	Sector	Weight
1	UPS	UNITED PARCEL SERVICE INC	Industrials	9.56%
2	ABBV	AbbVie Inc.	Health Care	2.52%
3	KMB	KIMBERLY CLARK CORP	Materials	2.46%
4	GE	GENERAL ELECTRIC CO	Information Technology	2.37%
5	XOM	EXXON MOBIL CORP	Energy	2.36%
6	MMM	3M CO	Industrials	2.26%
7	CVS	CVS HEALTH Corp	Consumer Staples	2.24%
8	CVX	CHEVRON CORP	Energy	1.79%
9	JPM	JPMORGAN CHASE & CO	Financials	1.78%
10	IBM	INTERNATIONAL BUSINESS MACHINES CORP	Information Technology	1.60%

92/105 names classified · sector 89.2% of weight · industry 89.2% · mkt cap 88.5%; unclassified names shown, never dropped.

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

top 5/sector, rest → “Other” · 10 quarters

IndustrialsUPS, ETN, HON, CAT, MMM · other

FinancialsAMP, JPM, PRU, MET, TRV · other

Information TechnologyGE, IBM, TMO, MSFT, SWKS · other

Health CareABBV, AMGN, JNJ, PFE, BMY · other

EnergyXOM, CVX, PSX, OXY, COP · other

Consumer DiscretionaryMCD, VFC, WHR, F, M · other

MaterialsAPD, KMB, LYB, FCX, CF · other

Consumer StaplesCVS, PEP, DEO, KO, MO · other

Real EstateSPG, WPC, DLR, KIM, WY · other

Communication ServicesVZ, T, OMC, LUMN

UtilitiesNEE, DUK, UGI, AWK, PPL · other

UnclassifiedUNITED TECHNOLOGIES CORP, DOW CHEM CO, ENSCO PLC, RAYTHEON CO, HERTZ GLOBAL HLDG 51 WTS · 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: 89.2% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2015-Q4), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (89 classified)Semper Trust Co. centroid (Mid Value)

IndustrialsHealth CareFinancialsInformation TechnologyConsumer DiscretionaryMaterialsEnergyConsumer StaplesCommunication ServicesReal EstateUtilities

Style box summary for Semper Trust Co.: centroid Mid Value. Heaviest cells: Large Value 34.0%, Large Core 19.6%, Mid Value 12.3%.

Classified: 87.6% of book weight (89/96 names) · unclassified 12.4%: , VOO, MGA, VTI, WPC, VXUS, TD. 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· 105 positions (2015-Q4) · largest first · Δ vs 2015-Q3

#	Security	Shares	Value	Weight	Δ QoQ
1	UPSUNITED PARCEL SERVICE INC	71,399	$7M	9.6%	NEW
2	ABBVABBVIE INC	30,525	$2M	2.5%	NEW
3	KMBKIMBERLY-CLARK CORP	13,900	$2M	2.5%	NEW
4	GEGENERAL ELECTRIC CO	54,650	$2M	2.4%	NEW
5	XOMEXXON MOBIL CORP	21,763	$2M	2.4%	NEW
6	MMM3M CO	10,770	$2M	2.3%	NEW
7	CVSCVS HEALTH CORP	16,440	$2M	2.2%	NEW
8	CVXCHEVRON CORP NEW	14,280	$1M	1.8%	NEW
9	JPMJPMORGAN CHASE & CO	19,360	$1M	1.8%	NEW
10	IBMINTERNATIONAL BUSINESS MACHS	8,350	$1M	1.6%	NEW
11	HONHONEYWELL INTL INC	10,995	$1M	1.6%	NEW
12	DOW CHEM CO	21,945	$1M	1.6%	NEW
13	TRVTRAVELERS COMPANIES INC	9,900	$1M	1.6%	NEW
14	MCDMCDONALDS CORP	9,400	$1M	1.5%	NEW
15	BMYBRISTOL-MYERS SQUIBB CO	15,275	$1M	1.5%	NEW
16	JNJJOHNSON & JOHNSON	10,175	$1M	1.5%	NEW
17	RAYTHEON CO	8,000	$996,000	1.4%	NEW
18	AMGNAMGEN INC	6,055	$983,000	1.4%	NEW
19	APDAIR PRODS & CHEMS INC	7,274	$946,000	1.3%	NEW
20	WHRWHIRLPOOL CORP	6,355	$933,000	1.3%	NEW
21	PSXPHILLIPS 66	11,351	$929,000	1.3%	NEW
22	PFEPFIZER INC	28,447	$918,000	1.3%	NEW
23	AMPAMERIPRISE FINL INC	8,480	$902,000	1.3%	NEW
24	TAT&T INC	25,385	$873,000	1.2%	NEW
25	METMETLIFE INC	17,480	$843,000	1.2%	NEW
26	KOCOCA COLA CO	19,350	$831,000	1.2%	NEW
27	UNITED TECHNOLOGIES CORP	8,600	$826,000	1.1%	NEW
28	VZVERIZON COMMUNICATIONS INC	17,099	$790,000	1.1%	NEW
29	CSCOCISCO SYS INC	28,905	$785,000	1.1%	NEW
30	DU PONT E I DE NEMOURS & CO	11,200	$746,000	1.0%	NEW
31	FDXFEDEX CORP	4,845	$722,000	1.0%	NEW
32	LYBLYONDELLBASELL INDUSTRIES N	7,480	$650,000	0.9%	NEW
33	WMWASTE MGMT INC DEL	11,850	$632,000	0.9%	NEW
34	OXYOCCIDENTAL PETE CORP	9,160	$619,000	0.9%	NEW
35	DHID R HORTON INC	19,145	$613,000	0.9%	NEW
36	NEENEXTERA ENERGY INC	5,862	$609,000	0.8%	NEW
37	SWKSTANLEY BLACK & DECKER INC	5,700	$608,000	0.8%	NEW
38	ABTABBOTT LABS	13,400	$602,000	0.8%	NEW
39	NXPINXP SEMICONDUCTORS N V	6,900	$581,000	0.8%	NEW
40	VOOVANGUARD INDEX FDS	3,100	$579,000	0.8%	NEW
41	TGTTARGET CORP	7,865	$571,000	0.8%	NEW
42	CCLCARNIVAL CORP	10,460	$570,000	0.8%	NEW
43	ZBHZIMMER BIOMET HOLDINGS INC	5,550	$569,000	0.8%	NEW
44	EXPRESS SCRIPTS HLDG CO	6,450	$564,000	0.8%	NEW
45	PEPPEPSICO INC	5,600	$560,000	0.8%	NEW
46	TELTE CONNECTIVITY LTD	8,640	$558,000	0.8%	NEW
47	SWKSSKYWORKS SOLUTIONS INC	6,985	$537,000	0.7%	NEW
48	LLYELI LILLY & CO	6,300	$531,000	0.7%	NEW
49	CDWCDW CORP	12,295	$517,000	0.7%	NEW
50	MSFTMICROSOFT CORP	9,300	$516,000	0.7%	NEW
51	MHKMOHAWK INDS INC	2,725	$516,000	0.7%	NEW
52	MYLAN NV	9,435	$510,000	0.7%	NEW
53	MGAMAGNA INTL INC	12,150	$493,000	0.7%	NEW
54	VTIVANGUARD INDEX FDS	4,700	$490,000	0.7%	NEW
55	AMGAFFILIATED MANAGERS GROUP	3,040	$486,000	0.7%	NEW
56	ORCLORACLE CORP	13,175	$481,000	0.7%	NEW
57	PNCPNC FINL SVCS GROUP INC	5,050	$481,000	0.7%	NEW
58	RPMRPM INTL INC	10,900	$480,000	0.7%	NEW
59	WDFCW D 40 Co.	4,800	$474,000	0.7%	NEW
60	WYWEYERHAEUSER CO	15,700	$471,000	0.7%	NEW
61	AALAMERICAN AIRLS GROUP INC	10,945	$464,000	0.6%	NEW
62	COPCONOCOPHILLIPS	9,807	$458,000	0.6%	NEW
63	URIUNITED RENTALS INC	6,280	$456,000	0.6%	NEW
64	ALLERGAN PLC	1,460	$456,000	0.6%	NEW
65	ETNEATON CORP PLC	8,729	$454,000	0.6%	NEW
66	GILDGILEAD SCIENCES INC	4,480	$453,000	0.6%	NEW
67	ACNACCENTURE PLC IRELAND	4,300	$449,000	0.6%	NEW
68	HD SUPPLY HLDGS INC	14,320	$430,000	0.6%	NEW
69	PGPROCTER AND GAMBLE CO	5,400	$429,000	0.6%	NEW
70	COFCAPITAL ONE FINL CORP	5,900	$426,000	0.6%	NEW
71	DUKDUKE ENERGY CORP NEW	5,896	$421,000	0.6%	NEW
72	MSMORGAN STANLEY	13,165	$419,000	0.6%	NEW
73	HBANHUNTINGTON BANCSHARES INC	37,785	$418,000	0.6%	NEW
74	VFCV F CORP	6,700	$417,000	0.6%	NEW
75	KEYKEYCORP	31,410	$414,000	0.6%	NEW
76	MCKMCKESSON CORP	2,095	$413,000	0.6%	NEW
77	PPGPPG INDS INC	4,050	$400,000	0.6%	NEW
78	MRKMERCK & CO INC	7,473	$395,000	0.5%	NEW
79	BUCKEYE PARTNERS L P	5,700	$376,000	0.5%	NEW
80	CHDCHURCH & DWIGHT CO INC	4,300	$365,000	0.5%	NEW
81	WPCW. P. Carey Inc.	6,000	$354,000	0.5%	NEW
82	VXUSVANGUARD STAR FDS	7,800	$352,000	0.5%	NEW
83	ANAUTONATION INC	5,745	$343,000	0.5%	NEW
84	FFORD MTR CO	24,100	$340,000	0.5%	NEW
85	TDTORONTO DOMINION BK ONT	8,300	$325,000	0.5%	NEW
86	CFCF INDS HLDGS INC	7,860	$321,000	0.4%	NEW
87	PIEDMONT NAT GAS INC COM	5,600	$319,000	0.4%	NEW
88	CSXCSX CORP	12,050	$313,000	0.4%	NEW
89	EMREMERSON ELEC CO	6,550	$313,000	0.4%	NEW
90	SPGSIMON PPTY GROUP INC NEW	1,600	$311,000	0.4%	NEW
91	TMOTHERMO FISHER SCIENTIFIC INC	2,150	$305,000	0.4%	NEW
92	MOALTRIA GROUP INC	5,200	$303,000	0.4%	NEW
93	INTCINTEL CORP	8,800	$303,000	0.4%	NEW
94	WFCWELLS FARGO CO NEW	5,500	$299,000	0.4%	NEW
95	UNPUNION PAC CORP	3,675	$287,000	0.4%	NEW
96	WELLWELLTOWER INC	4,050	$276,000	0.4%	NEW
97	PRUPRUDENTIAL FINL INC	3,100	$252,000	0.4%	NEW
98	NSCNORFOLK SOUTHN CORP	2,950	$250,000	0.3%	NEW
99	MMACYS INC	6,500	$227,000	0.3%	NEW
100	AFLAFLAC INC	3,700	$222,000	0.3%	NEW
101	CATCATERPILLAR INC	3,250	$221,000	0.3%	NEW
102	PMPHILIP MORRIS INTL INC	2,500	$220,000	0.3%	NEW
103	DEDEERE & CO	2,825	$215,000	0.3%	NEW
104	RCLROYAL CARIBBEAN GROUP	2,100	$213,000	0.3%	NEW
105	DOVDOVER CORP	3,300	$202,000	0.3%	NEW

☆Semper Trust Co.