CHEMICAL BANK

Open in PORT →← all managers

CIK 919087

13F portfolio (2019-Q2)

$881M

Positions

347

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2019-Q1. 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 (2019-Q2)

Holdings

347

Top 5

16.1%

Top 10

23.8%

Effective N

84.3

HHI

0.012

This quarter

12 new · 0 exit →

By sector

Unclassified27.9%

Information Technology12.5%

Materials10.0%

Financials8.5%

Health Care8.5%

Industrials7.7%

Consumer Discretionary7.2%

Consumer Staples5.2%

Other12.4%

By market cap

Large ($10–200B)43.1%

Unknown28.8%

Mega (>$200B)26.9%

Mid ($2–10B)1.1%

Small ($300M–2B)0.1%

By region

North America71.9%

Other27.9%

Europe0.1%

Middle East0.0%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	28.25%	123
Chemicals	9.02%	12
Pharmaceuticals & Biotechnology	7.35%	14
Technology Hardware & Equipment	4.53%	10
Specialty Retail	4.29%	9
Commercial Services & Supplies	3.52%	9
Banks	3.46%	9
Oil, Gas & Consumable Fuels	3.40%	10
Semiconductors & Semiconductor Equipment	3.07%	7
Software & IT Services	2.93%	5
Utilities	2.87%	24
Software	2.60%	5
Insurance	2.42%	12
Beverages	2.13%	3
Hotels, Restaurants & Leisure	1.84%	6
Diversified Telecommunication Services	1.76%	3
Aerospace & Defense	1.67%	4
Agricultural Products	1.49%	1
Entertainment	1.32%	1
Machinery	1.26%	9
Road & Rail	1.15%	5
Capital Markets	1.10%	8
Equity Real Estate Investment Trusts (REITs)	1.06%	8
Health Care Equipment & Supplies	0.91%	5
Distributors	0.68%	3
Paper & Forest Products	0.68%	5
Media & Entertainment	0.67%	4
Food Products	0.63%	5
Tobacco	0.54%	2
Electrical Equipment & Components	0.45%	2
Airlines	0.44%	3
Food & Staples Retailing	0.42%	1
Industrial Conglomerates	0.32%	1
Textiles, Apparel & Luxury Goods	0.25%	1
Communications Equipment	0.24%	1
Life Sciences Tools & Services	0.22%	3
Metals & Mining	0.20%	3
Marine	0.19%	2
Construction & Engineering	0.17%	1
Construction Materials	0.14%	3
Transportation Infrastructure	0.12%	1
Automobiles & Components	0.08%	2
Professional Services	0.08%	1
Household Durables	0.07%	1

Top holdings

#	Ticker	Name	Sector	Weight
1		CHEMICAL FINL CORP	Unclassified	5.79%
2	DD	DuPont de Nemours, Inc.	Materials	3.82%
3	DOW	DOW INC.	Materials	2.52%
4	AAPL	Apple Inc.	Information Technology	2.09%
5	JNJ	JOHNSON & JOHNSON	Health Care	1.83%
6	JPM	JPMORGAN CHASE & CO	Financials	1.74%
7	MSFT	MICROSOFT CORP	Information Technology	1.68%
8	CTVA	Corteva, Inc.	Consumer Staples	1.49%
9	ADP	AUTOMATIC DATA PROCESSING INC	Information Technology	1.49%
10	AMZN	AMAZON COM INC	Consumer Discretionary	1.37%

225/347 names classified · sector 72.1% of weight · industry 71.7% · mkt cap 71.2%; unclassified names shown, never dropped.

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

top 5/sector, rest → “Other” · 25 quarters

Information TechnologyAAPL, ADP, INTC, MSFT, IBM · other

Health CareJNJ, PFE, ABBV, ABT, GILD · other

FinancialsJPM, AXP, PRU, V, TROW · other

IndustrialsFISV, MMM, ACN, CAT, BA · other

Consumer DiscretionaryMCD, GPC, HD, LOW, AMZN · other

EnergyXOM, CVX, COP, SLB, PSX · other

Consumer StaplesPEP, KO, MO, CVS, CTVA · other

Communication ServicesT, VZ, DIS, GOOGL, META · other

MaterialsPG, NKE, GLW, DD, DOW · other

UtilitiesNEE, AEP, D, EPD, KMI · other

Real EstateSPG, EQR, DLR, AMT, WY · other

UnclassifiedDOW CHEM CO, CHEMICAL FINL CORP, DOWDUPONT INC, UNITED TECHNOLOGIES CORP, BCOIX · 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: 72.1% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2019-Q2), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (209 classified)CHEMICAL BANK centroid (Large Core)

Information TechnologyMaterialsHealth CareFinancialsIndustrialsConsumer DiscretionaryCommunication ServicesConsumer StaplesEnergyUtilitiesReal Estate

Style box summary for CHEMICAL BANK: centroid Large Core. Heaviest cells: Large Value 19.3%, Large Core 18.4%, Mid Value 13.0%.

Classified: 70.3% of book weight (209/322 names) · unclassified 29.7%: , VCSH, VCIT, VO, SPY, IVV, VUG, VTV, VWO, VB +103 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· 347 positions (2019-Q2) · largest first · Δ vs 2019-Q1

#	Security	Shares	Value	Weight	Δ QoQ
1	CHEMICAL FINL CORP	1,241,049	$51M	5.8%	HOLD
2	DDDUPONT DE NEMOURS INC	448,816	$34M	3.8%	NEW
3	DOWDOW HLDGS INC	451,062	$22M	2.5%	NEW
4	AAPLAPPLE INC	93,284	$18M	2.1%	HOLD
5	JNJJOHNSON & JOHNSON	115,793	$16M	1.8%	HOLD
6	JPMJPMORGAN CHASE & CO	136,878	$15M	1.7%	HOLD
7	MSFTMICROSOFT CORP	110,527	$15M	1.7%	TRIM −3%
8	CTVACORTEVA INC	444,678	$13M	1.5%	NEW
9	ADPAUTOMATIC DATA PROCESSING IN	79,441	$13M	1.5%	HOLD
10	AMZNAMAZON COM INC	6,380	$12M	1.4%	HOLD
11	DISDISNEY WALT CO	83,072	$12M	1.3%	HOLD
12	ABTABBOTT LABS	133,164	$11M	1.3%	HOLD
13	MCDMCDONALDS CORP	53,761	$11M	1.3%	HOLD
14	UNITED TECHNOLOGIES CORP	85,192	$11M	1.3%	HOLD
15	VCSHVANGUARD SCOTTSDALE FDS	131,446	$11M	1.2%	TRIM −3%
16	XOMEXXON MOBIL CORP	137,509	$11M	1.2%	TRIM −2%
17	PGPROCTER AND GAMBLE CO	96,017	$11M	1.2%	TRIM −3%
18	INTCINTEL CORP	213,476	$10M	1.2%	TRIM −6%
19	CVXCHEVRON CORP NEW	78,320	$10M	1.1%	HOLD
20	PFEPFIZER INC	217,335	$9M	1.1%	TRIM −2%
21	FISVFISERV INC	102,699	$9M	1.1%	HOLD
22	PEPPEPSICO INC	71,192	$9M	1.1%	HOLD
23	GOOGLALPHABET INC	8,350	$9M	1.0%	TRIM −7%
24	VCITVANGUARD SCOTTSDALE FDS	97,638	$9M	1.0%	HOLD
25	ABBVABBVIE INC	119,637	$9M	1.0%	HOLD
26	HDHOME DEPOT INC	41,547	$9M	1.0%	HOLD
27	VOVANGUARD INDEX FDS	50,593	$8M	1.0%	HOLD
28	SPYSTATE STR SPDR S&P 500 ETF T	28,849	$8M	1.0%	HOLD
29	CSCOCISCO SYS INC	152,915	$8M	0.9%	HOLD
30	IVVISHARES TR	27,249	$8M	0.9%	HOLD
31	VUGVANGUARD INDEX FDS	47,871	$8M	0.9%	TRIM −40%
32	MRKMERCK & CO INC	91,710	$8M	0.9%	HOLD
33	VVISA INC	44,038	$8M	0.9%	ADD 8%
34	AXPAMERICAN EXPRESS CO	61,158	$8M	0.9%	HOLD
35	VTVVANGUARD INDEX FDS	66,992	$7M	0.8%	TRIM −35%
36	VZVERIZON COMMUNICATIONS INC	121,931	$7M	0.8%	TRIM −4%
37	AVGOBROADCOM INC	23,997	$7M	0.8%	HOLD
38	TAT&T INC	199,256	$7M	0.8%	HOLD
39	VWOVANGUARD INTL EQUITY INDEX F	156,773	$7M	0.8%	ADD 2%
40	VBVANGUARD INDEX FDS	40,629	$6M	0.7%	TRIM −3%
41	KOCOCA COLA CO	120,844	$6M	0.7%	HOLD
42	EFAISHARES TR	91,943	$6M	0.7%	ADD 12%
43	ACNACCENTURE PLC IRELAND	32,098	$6M	0.7%	TRIM −2%
44	BABOEING CO	15,471	$6M	0.6%	TRIM −34%
45	UNPUNION PAC CORP	32,853	$6M	0.6%	TRIM −5%
46	IJKISHARES TR	21,983	$5M	0.6%	HOLD
47	ROYAL DUTCH SHELL PLC	76,266	$5M	0.6%	HOLD
48	TMOTHERMO FISHER SCIENTIFIC INC	16,656	$5M	0.6%	HOLD
49	NEENEXTERA ENERGY INC	23,526	$5M	0.5%	HOLD
50	UNHUNITEDHEALTH GROUP INC	18,930	$5M	0.5%	ADD 4%
51	SYKSTRYKER CORPORATION	22,029	$5M	0.5%	ADD 2%
52	HONHONEYWELL INTL INC	25,621	$4M	0.5%	TRIM −3%
53	GPCGENUINE PARTS CO	42,473	$4M	0.5%	TRIM −3%
54	XLFSELECT SECTOR SPDR TR	158,496	$4M	0.5%	TRIM −4%
55	LOWLOWES COS INC	42,408	$4M	0.5%	TRIM −5%
56	XLKSELECT SECTOR SPDR TR	54,391	$4M	0.5%	HOLD
57	QQQINVESCO QQQ TR	22,415	$4M	0.5%	HOLD
58	WMTWALMART INC	36,896	$4M	0.5%	HOLD
59	SPGSIMON PPTY GROUP INC NEW	24,415	$4M	0.4%	HOLD
60	CATCATERPILLAR INC	28,590	$4M	0.4%	HOLD
61	NKENIKE INC	46,367	$4M	0.4%	HOLD
62	IJJISHARES TR	23,892	$4M	0.4%	HOLD
63	EMREMERSON ELEC CO	56,643	$4M	0.4%	HOLD
64	CVSCVS HEALTH CORP	67,611	$4M	0.4%	TRIM −7%
65	MOALTRIA GROUP INC	76,141	$4M	0.4%	TRIM −3%
66	ORCLORACLE CORP	61,783	$4M	0.4%	HOLD
67	NFLXNETFLIX INC	9,537	$4M	0.4%	ADD 2%
68	CRMSALESFORCE INC	22,360	$3M	0.4%	ADD 33%
69	ALLALLSTATE CORP	32,827	$3M	0.4%	HOLD
70	STZCONSTELLATION BRANDS INC	16,798	$3M	0.4%	TRIM −33%
71	PRUPRUDENTIAL FINL INC	32,089	$3M	0.4%	HOLD
72	IWMISHARES TR	19,408	$3M	0.3%	TRIM −4%
73	BRK.BBERKSHIRE HATHAWAY INC DEL	13,926	$3M	0.3%	HOLD
74	XLUSELECT SECTOR SPDR TR	49,044	$3M	0.3%	HOLD
75	VFHVANGUARD WORLD FD	42,147	$3M	0.3%	HOLD
76	GISGENERAL MILLS INC	54,616	$3M	0.3%	HOLD
77	LMTLOCKHEED MARTIN CORP	7,747	$3M	0.3%	HOLD
78	MMM3M CO	16,150	$3M	0.3%	TRIM −31%
79	AMGNAMGEN INC	15,112	$3M	0.3%	ADD 8%
80	PYPLPAYPAL HLDGS INC	22,910	$3M	0.3%	TRIM −7%
81	DRIDARDEN RESTAURANTS INC	21,320	$3M	0.3%	ADD 12%
82	WMWASTE MGMT INC DEL	22,459	$3M	0.3%	ADD 2%
83	DHRDANAHER CORP DEL	18,030	$3M	0.3%	HOLD
84	TXNTEXAS INSTRS INC	22,348	$3M	0.3%	TRIM −9%
85	BLKBLACKROCK INC	5,463	$3M	0.3%	HOLD
86	BACBANK AMERICA CORP	87,666	$3M	0.3%	HOLD
87	COSTCOSTCO WHSL CORP NEW	9,517	$3M	0.3%	ADD 6%
88	IJHISHARES TR	12,642	$2M	0.3%	HOLD
89	MCHPMICROCHIP TECHNOLOGY INC.	27,924	$2M	0.3%	TRIM −7%
90	EPDENTERPRISE PRODS PARTNERS L	82,434	$2M	0.3%	HOLD
91	VEAVANGUARD TAX-MANAGED FDS	56,377	$2M	0.3%	ADD 4%
92	GOOGALPHABET INC	2,156	$2M	0.3%	ADD 2%
93	ICEINTERCONTINENTAL EXCHANGE IN	26,998	$2M	0.3%	TRIM −4%
94	ADIANALOG DEVICES INC	20,255	$2M	0.3%	ADD 4%
95	PSXPHILLIPS 66	24,139	$2M	0.3%	HOLD
96	VRTXVERTEX PHARMACEUTICALS INC	12,263	$2M	0.3%	HOLD
97	VFCV F CORP	25,625	$2M	0.3%	TRIM −2%
98	AEPAMERICAN ELEC PWR CO INC	25,265	$2M	0.3%	HOLD
99	TGTTARGET CORP	25,501	$2M	0.3%	HOLD
100	COPCONOCOPHILLIPS	35,919	$2M	0.2%	HOLD
101	SCHWSCHWAB CHARLES CORP	54,203	$2M	0.2%	ADD 2%
102	QCOMQUALCOMM INC	28,321	$2M	0.2%	TRIM −4%
103	FITBFIFTH THIRD BANCORP	74,334	$2M	0.2%	HOLD
104	VNQVANGUARD INDEX FDS	23,365	$2M	0.2%	HOLD
105	KMBKIMBERLY-CLARK CORP	15,286	$2M	0.2%	TRIM −3%
106	SUSUNCOR ENERGY INC NEW	64,906	$2M	0.2%	ADD 7%
107	IBMINTERNATIONAL BUSINESS MACHS	14,448	$2M	0.2%	TRIM −5%
108	CSXCSX CORP	25,304	$2M	0.2%	TRIM −6%
109	VTIVANGUARD INDEX FDS	12,899	$2M	0.2%	TRIM −8%
110	CLXCLOROX CO DEL	12,562	$2M	0.2%	ADD 3%
111	FDXFEDEX CORP	11,485	$2M	0.2%	TRIM −13%
112	TMUST-MOBILE US INC	25,158	$2M	0.2%	TRIM −2%
113	VEUVANGUARD INTL EQUITY INDEX F	35,538	$2M	0.2%	ADD 13%
114	GDGENERAL DYNAMICS CORP	9,830	$2M	0.2%	HOLD
115	SDYSPDR SER TR	17,222	$2M	0.2%	TRIM −3%
116	DEDEERE & CO	10,460	$2M	0.2%	HOLD
117	TRVTRAVELERS COMPANIES INC	11,526	$2M	0.2%	TRIM −4%
118	KLACKLA CORP	14,533	$2M	0.2%	ADD 14%
119	PKGPACKAGING CORP AMER	17,695	$2M	0.2%	ADD 2%
120	DALDELTA AIR LINES INC	29,180	$2M	0.2%	TRIM −5%
121	METMETLIFE INC	32,731	$2M	0.2%	HOLD
122	AAPADVANCE AUTO PARTS INC	10,500	$2M	0.2%	HOLD
123	LQDISHARES TR	12,991	$2M	0.2%	ADD 8%
124	USBUS BANCORP	30,240	$2M	0.2%	TRIM −2%
125	CMICUMMINS INC	9,172	$2M	0.2%	HOLD
126	HDVISHARES TR	16,600	$2M	0.2%	HOLD
127	APDAIR PRODS & CHEMS INC	6,888	$2M	0.2%	ADD 13%
128	EGEVEREST GROUP LTD	6,296	$2M	0.2%	TRIM −13%
129	DDOMINION ENERGY INC	20,125	$2M	0.2%	HOLD
130	VCRVANGUARD WORLD FD	8,658	$2M	0.2%	TRIM −10%
131	PPLPPL CORP	49,851	$2M	0.2%	ADD 3%
132	DOLWISDOMTREE TR	32,464	$2M	0.2%	ADD 3%
133	EXCEXELON CORP	31,732	$2M	0.2%	ADD 3%
134	BMYBRISTOL-MYERS SQUIBB CO	33,243	$2M	0.2%	TRIM −3%
135	DHID R HORTON INC	34,818	$2M	0.2%	TRIM −12%
136	APHAMPHENOL CORP	15,591	$1M	0.2%	HOLD
137	EFGISHARES TR	18,298	$1M	0.2%	TRIM −15%
138	SPLUNK INC	11,444	$1M	0.2%	TRIM −5%
139	CLCOLGATE PALMOLIVE CO	19,970	$1M	0.2%	TRIM −3%
140	XLYSELECT SECTOR SPDR TR	11,990	$1M	0.2%	TRIM −4%
141	GILDGILEAD SCIENCES INC	21,009	$1M	0.2%	TRIM −4%
142	AFLAFLAC INC	25,532	$1M	0.2%	TRIM −2%
143	TJXTJX COS INC NEW	26,387	$1M	0.2%	ADD 14%
144	LINLINDE PLC	6,886	$1M	0.2%	TRIM −3%
145	EEMISHARES TR	32,044	$1M	0.2%	HOLD
146	AMTAMERICAN TOWER CORP	6,702	$1M	0.2%	TRIM −4%
147	UPSUNITED PARCEL SERVICE INC	13,084	$1M	0.2%	HOLD
148	IJRISHARES TR	17,193	$1M	0.2%	ADD 5%
149	CBCHUBB LIMITED	8,961	$1M	0.1%	HOLD
150	CCLCARNIVAL CORP	27,565	$1M	0.1%	ADD 7%
151	HYGISHARES TR	14,615	$1M	0.1%	TRIM −17%
152	IWFISHARES TR	8,017	$1M	0.1%	ADD 4%
153	DTEDTE ENERGY CO	9,754	$1M	0.1%	HOLD
154	GLDSPDR GOLD TR	9,323	$1M	0.1%	HOLD
155	BAXBAXTER INTL INC	14,808	$1M	0.1%	ADD 2%
156	BDXBECTON DICKINSON & CO	4,792	$1M	0.1%	HOLD
157	CMACOMERICA INC	16,451	$1M	0.1%	ADD 9%
158	AMATAPPLIED MATLS INC	26,573	$1M	0.1%	HOLD
159	PMPHILIP MORRIS INTL INC	14,911	$1M	0.1%	TRIM −5%
160	EBAYEBAY INC.	29,621	$1M	0.1%	ADD 88%
161	KMIKINDER MORGAN INC DEL	55,727	$1M	0.1%	HOLD
162	MPCMARATHON PETE CORP	20,683	$1M	0.1%	TRIM −5%
163	SBUXSTARBUCKS CORP	13,689	$1M	0.1%	ADD 6%
164	DUKDUKE ENERGY CORP NEW	12,925	$1M	0.1%	HOLD
165	GLWCORNING INC	34,126	$1M	0.1%	ADD 10%
166	EFVISHARES TR	23,551	$1M	0.1%	ADD 4%
167	XELXCEL ENERGY INC	18,785	$1M	0.1%	ADD 18%
168	BLACKSTONE GROUP LP	25,020	$1M	0.1%	HOLD
169	CITHE CIGNA GROUP	6,977	$1M	0.1%	HOLD
170	EQREQUITY RESIDENTIAL	14,436	$1M	0.1%	ADD 18%
171	CMCSACOMCAST CORP NEW	25,568	$1M	0.1%	ADD 16%
172	DLRDIGITAL RLTY TR INC	9,177	$1M	0.1%	ADD 4%
173	TSNTYSON FOODS INC	13,168	$1M	0.1%	TRIM −55%
174	LLYELI LILLY & CO	9,587	$1M	0.1%	TRIM −3%
175	DVYISHARES TR	10,643	$1M	0.1%	ADD 2%
176	SOSOUTHERN CO	19,148	$1M	0.1%	ADD 4%
177	IPINTERNATIONAL PAPER CO	23,968	$1M	0.1%	ADD 3%
178	HARRIS CORP DEL	5,445	$1M	0.1%	NEW
179	DESWISDOMTREE TR	37,857	$1M	0.1%	ADD 23%
180	MDLZMONDELEZ INTL INC	18,963	$1M	0.1%	HOLD
181	BKNGBOOKING HOLDINGS INC	543	$1M	0.1%	TRIM −26%
182	NVSNOVARTIS AG	10,987	$1M	0.1%	HOLD
183	DONWISDOMTREE TR	27,645	$1M	0.1%	ADD 28%
184	TROWPRICE T ROWE GROUP INC	9,011	$988,000	0.1%	HOLD
185	LRCXLAM RESEARCH	5,236	$983,000	0.1%	ADD 30%
186	SPGIS&P GLOBAL INC	4,285	$976,000	0.1%	TRIM −6%
187	FASTFASTENAL CO	29,862	$973,000	0.1%	ADD 170%
188	CAHCARDINAL HEALTH INC	20,562	$969,000	0.1%	HOLD
189	CTSHCOGNIZANT TECHNOLOGY SOLUTIO	15,014	$951,000	0.1%	HOLD
190	VOOVANGUARD INDEX FDS	3,488	$939,000	0.1%	TRIM −12%
191	INTUINTUIT	3,573	$934,000	0.1%	ADD 18%
192	SLBSCHLUMBERGER LTD	23,503	$934,000	0.1%	TRIM −7%
193	IVOOVanguard S&P Mid-Cap 400 Index Fund - ETF	7,121	$934,000	0.1%	ADD 55%
194	EMNEASTMAN CHEM CO	11,974	$932,000	0.1%	HOLD
195	SONSONOCO PRODS CO	13,614	$890,000	0.1%	TRIM −9%
196	ETNEATON CORP PLC	10,661	$888,000	0.1%	TRIM −14%
197	ILMNILLUMINA INC	2,325	$856,000	0.1%	ADD 5%
198	IWRISHARES TR	15,073	$842,000	0.1%	ADD 3%
199	NSCNORFOLK SOUTHN CORP	4,118	$821,000	0.1%	HOLD
200	VGTVANGUARD WORLD FD	3,833	$809,000	0.1%	TRIM −5%

showing the top 200 by weight

☆CHEMICAL BANK