undamentalytics Newsletter

Institution

Aperio Group, LLC

13F for December 31, 2020, filed February 5, 2021 · SEC CIK 1364615 · Holdings history from June 30, 2006

The latest available holdings for this manager are dated December 31, 2020.

Reported value
$33.8bn
87% in companies we cover
Positions we cover
1,709
Largest AAPL 5.9%
Copy, a year
+15.0%
S&P 500 +15.6%
Copy Sharpe ratio
0.93
S&P 500 0.96

Copy-performance statistics: November 2, 2012 to May 21, 2021. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

Related reporting managers

SEC notices identify these reporting relationships. Each manager retains its own holdings history; changes in reporting scope can involve several managers.

2,430 reported entries for December 31, 2020.

IssuerClass / typeReported valueQuantity
SL GREEN RLTY CORP78440X101 · SLG COM $3.3m 54,706
SLACK TECHNOLOGIES INC CL A83088V102 COM CL A $3.1m 73,075
SLEEP NUMBER CORP83125X103 COM $756,000 9,231
SLM CORP78442P106 · SLM COM $3.0m 238,483
AMERCO023586100 · UHAL COM $3.1m 6,738
AMEREN CORP023608102 · AEE COM $11.4m 145,574
AMERESCO INC02361E108 · AMRC CL A $806,000 15,432
AMERICA MOVIL SAB DE CV02364W105 SPON ADR L SHS $2.9m 200,137
AMERICAN AIRLS GROUP INC02376R102 · AAL COM $2.6m 167,298
AMERICAN ASSETS TR INC024013104 · AAT COM $850,000 29,437
AMERICAN AXLE & MFG HLDGS INC024061103 · DCH COM $539,000 64,661
AMERICAN CAMPUS CMNTYS INC024835100 COM $3.5m 80,955
AMERICAN EAGLE OUTFITTERS NEW02553E106 · AEO COM $1.4m 67,775
BRINKS CO109696104 · BCO COM $969,000 13,453
BRISTOL MYERS SQUIBB CO110122108 · BMY COM $103.3m 1,664,612
BRITISH AMERICAN TOB PLC110448107 · BTI SPONSORED ADR $32.8m 874,477
BRIXMOR PPTY GROUP INC11120U105 · BRX COM $3.0m 183,214
BROADCOM INC11135F101 · AVGO COM $109.4m 249,758
BROADRIDGE FINL SOLUTIONS INC11133T103 · BR COM $20.9m 136,523
BROOKDALE SR LIVING INC112463104 · BKD COM $329,000 74,281
BROOKFIELD ASSET MGMT INC112585104 CL A LTD VT SH $540,000 13,088
BROOKFIELD RENEWABLE CORP CL A11284V105 CL A SUB VTG $10.0m 171,421
BROOKLINE BANCORP INC DEL11373M107 COM $344,000 28,604
BROOKS AUTOMATION INC114340102 · AZTA COM $2.1m 30,963
BROWN & BROWN INC115236101 · BRO COM $5.3m 112,692
BROWN FORMAN CORP115637100 · BF.B CL A $2.1m 28,712
BROWN FORMAN CORP115637209 · BF.B CL B $19.7m 248,345
BRUKER CORP116794108 · BRKR COM $1.5m 27,583
BRUNSWICK CORP117043109 · BC COM $1.3m 16,418
BRYN MAWR BK CORP117665109 COM $401,000 13,114
BUCKLE INC118440106 · BKE COM $671,000 22,978
BUILDERS FIRSTSOURCE INC12008R107 · BLDR COM $1.2m 28,745
BUNGE LIMITEDG16962105 COM $10.2m 156,166
BURLINGTON STORES INC122017106 · BURL COM $7.4m 28,246
BWX TECHNOLOGIES INC05605H100 · BWXT COM $3.3m 54,038
BYLINE BANCORP INC124411109 · BY COM $614,000 39,771
C H ROBINSON WORLDWIDE INC12541W209 · CHRW COM NEW $31.9m 339,754
CABLE ONE INC12685J105 · CABO COM $12.0m 5,370
CABOT CORP127055101 · CBT COM $2.8m 61,747
CABOT OIL & GAS CORP127097103 COM $4.9m 302,711
CACI INTL INC127190304 · CACI CL A $2.9m 11,529
CACTUS INC127203107 · WHD CL A $908,000 34,836
CADENCE BANCORPORATION12739A100 CL A $3.9m 235,486
CADENCE DESIGN SYSTEM INC127387108 · CDNS COM $58.9m 432,020
CAE INC124765108 · CAE COM $3.5m 126,345
CAESARS ENTERTAINMENT INC12769G100 · CZR COM $3.8m 51,529
CAI INTERNATIONAL INC12477X106 COM $305,000 9,758
CAL MAINE FOODS INC128030202 · CALM COM NEW $708,000 18,862
CALAVO GROWERS INC128246105 COM $904,000 13,019
CALERES INC129500104 · CAL COM $611,000 39,050
CALIFORNIA WTR SVC GROUP130788102 · CWT COM $2.3m 43,293
CALITHERA BIOSCIENCES INC13089P101 COM $76,000 15,531
CALIX INC13100M509 · CALX COM $244,000 8,190
CALLAWAY GOLF CO131193104 · CALY COM $706,000 29,387
CAMBRIDGE BANCORP132152109 COM $216,000 3,090
CAMDEN NATL CORP133034108 · CAC COM $557,000 15,574
HUNTSMAN CORP447011107 · HUN COM $3.6m 142,499
HURON CONSULTING GROUP INC447462102 · HURN COM $542,000 9,202
HUYA INC44852D108 · HUYA ADS REP SHS A $1.6m 79,887
HYATT HOTELS CORP448579102 · H COM CL A $1.7m 23,421
HYSTER YALE MATLS HANDLING INC449172105 · HY CL A $1.1m 18,107
IAA INC449253103 COM $2.3m 35,333
IAC INTERACTIVECORP NEW COM44891N109 COM $10.3m 54,201
IAMGOLD CORP450913108 · IAG COM $59,000 16,143
ICF INTL INC44925C103 · ICFI COM $2.4m 32,590
ICICI BANK LTD45104G104 ADR $47.8m 3,215,047
ICL GROUP LTDM53213100 · ICL SHS $5.6m 1,114,430
ICON PLCG4705A100 · ICLR SHS $3.2m 16,417
ICU MED INC44930G107 · ICUI COM $6.0m 27,854
IDACORP INC451107106 · IDA COM $4.2m 44,212
IDERA PHARMACEUTICALS INC45168K405 COM PAR $77,000 21,103
IDEX CORP45167R104 · IEX COM $14.6m 73,416
IDEXX LABS INC45168D104 · IDXX COM $34.6m 69,251
IHS MARKIT LTDG47567105 SHS $38.4m 427,582
II VI INC902104108 COM $1.8m 24,121
ILLINOIS TOOL WKS INC452308109 · ITW COM $66.2m 324,627
ILLUMINA INC452327109 · ILMN COM $35.3m 95,435
IMMUNOGEN INC45253H101 COM $210,000 32,609
IMPERIAL OIL LTD453038408 · IMO COM NEW $6.0m 313,985
INCYTE CORP45337C102 · INCY COM $5.9m 67,668
INDEPENDENCE RLTY TR INC45378A106 · IRT COM $540,000 40,241
INDEPENDENT BANK CORP MASS453836108 · INDB COM $653,000 8,942
INDEPENDENT BANK CORP MICH453838609 · IBCP COM NEW $438,000 23,712
INDEPENDENT BK GROUP INC45384B106 COM $1.6m 25,821
INDUSTRIAL LOGISTICS PPTYS TR456237106 · ILPT COM SHS BEN INT $867,000 37,210
INDUSTRIAS BACHOCO S A B DE CV456463108 SPON ADR B $420,000 9,294
INFINERA CORPORATION45667G103 COM $426,000 40,696
INFOSYS LTD456788108 SPONSORED ADR $60.1m 3,543,502
ING GROEP NV456837103 SPONSORED ADR $24.8m 2,627,800
INGERSOLL RAND INC45687V106 · IR COM $7.9m 172,470
INGEVITY CORP45688C107 · NGVT COM $3.5m 45,873
INGLES MKTS INC457030104 · IMKTA CL A $2.0m 46,497
INGREDION INC457187102 · INGR COM $4.9m 61,675
INNOSPEC INC45768S105 · IOSP COM $1.5m 17,037
INNOVATIVE INDUSTRIAL PROPERTIES INC45781V101 · IIPR COM $794,000 4,337
INNOVIVA INC45781M101 · INVA COM $358,000 28,933
INOGEN INC45780L104 · INGN COM $755,000 16,889
INOVALON HLDGS INC45781D101 COM CL A $530,000 29,159
INOVIO PHARMACEUTICALS INC45773H201 · INO COM NEW $280,000 31,596
INPHI CORP45772F107 COM $2.5m 15,721

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

$10.0k$20.0k 20122014201620182020 $34.6k$33.0k
CopyS&P 500 $10,000 copying Aperio Group, LLC's usable filed holdings in companies we cover from November 2, 2012, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −31.8% (S&P 500 −31.8%); beta 0.98; alpha −0.3% a year (t = −0.36); last 12 months +47.8% against +47.3%.

Reported value by quarter

Aperio Group, LLC: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.
$0 $10B $20B $30B $40B Reported value, 2012-09-30: $2.7B Reported value, 2013-06-30: $4.2B Reported value, 2013-09-30: $5.2B Reported value, 2013-12-31: $6.4B Reported value, 2014-03-31: $7.1B Reported value, 2014-06-30: $6.9B Reported value, 2014-09-30: $7.4B Reported value, 2014-12-31: $8.1B Reported value, 2015-03-31: $8.9B Reported value, 2015-06-30: $9.7B Reported value, 2015-09-30: $9.8B Reported value, 2015-12-31: $10.9B Reported value, 2016-03-31: $11.7B Reported value, 2016-06-30: $12.8B Reported value, 2016-09-30: $13.8B Reported value, 2016-12-31: $13.1B Reported value, 2017-03-31: $14.6B Reported value, 2017-06-30: $16.3B Reported value, 2017-09-30: $17.7B Reported value, 2017-12-31: $19.7B Reported value, 2018-03-31: $20.1B Reported value, 2018-06-30: $20.9B Reported value, 2018-09-30: $22.7B Reported value, 2018-12-31: $19.8B Reported value, 2019-03-31: $23.2B Reported value, 2019-06-30: $24.5B Reported value, 2019-09-30: $25.3B Reported value, 2019-12-31: $27.8B Reported value, 2020-03-31: $22.6B Reported value, 2020-06-30: $27.1B Reported value, 2020-09-30: $29.6B Reported value, 2020-12-31: $33.8B 2012-09-30 2014-12-31 2016-09-30 2018-06-30 2020-12-31 $33.8B
View chart data
Period Reported value
2012-09-30 $2.7B
2013-06-30 $4.2B
2013-09-30 $5.2B
2013-12-31 $6.4B
2014-03-31 $7.1B
2014-06-30 $6.9B
2014-09-30 $7.4B
2014-12-31 $8.1B
2015-03-31 $8.9B
2015-06-30 $9.7B
2015-09-30 $9.8B
2015-12-31 $10.9B
2016-03-31 $11.7B
2016-06-30 $12.8B
2016-09-30 $13.8B
2016-12-31 $13.1B
2017-03-31 $14.6B
2017-06-30 $16.3B
2017-09-30 $17.7B
2017-12-31 $19.7B
2018-03-31 $20.1B
2018-06-30 $20.9B
2018-09-30 $22.7B
2018-12-31 $19.8B
2019-03-31 $23.2B
2019-06-30 $24.5B
2019-09-30 $25.3B
2019-12-31 $27.8B
2020-03-31 $22.6B
2020-06-30 $27.1B
2020-09-30 $29.6B
2020-12-31 $33.8B

Latest covered holdings and moves

Covered holdings as of December 31, 2020.

CompanyShare of portfolioValueSharesChange in shares
AAPLApple Inc.5.90%$2.0bn15.03M+0.1%
MSFTMicrosoft Corporation4.29%$1.4bn6.51M+1.2% Added
AMZNAmazon3.25%$1.1bn337.5K−1.4% Reduced
GOOGLAlphabet Inc. (Class A)1.80%$609.1m347.5K+1.9% Added
METAMeta Platforms1.47%$497.0m1.82M+1.4% Added
JNJJohnson & Johnson1.11%$375.1m2.38M−5.4% Reduced
VVisa Inc.1.06%$356.9m1.63M+1.0% Added
TSMTaiwan Semiconductor Manufacturing Co LTD1.00%$338.9m3.11M+0.6% Added
TSLATesla, Inc.0.97%$326.4m462.5K+21.6% Added
UNHUnitedHealth Group0.91%$306.3m873.4K+1.8% Added
JPMJPMorgan Chase0.87%$292.7m2.30M+3.5% Added
PGProcter & Gamble0.83%$280.4m2.01M+0.6% Added
HDThe Home Depot0.83%$279.0m1.05M+0.9% Added
NVDANVIDIA Corporation0.81%$274.6m525.9K+1.0% Added
MAMastercard0.79%$266.3m746.1K+1.0% Added
WMTWalmart0.79%$266.0m1.85M−1.4% Reduced
DISThe Walt Disney Company0.72%$241.9m1.34M+8.2% Added
ADBEAdobe Inc.0.70%$235.5m470.9K+2.0% Added
PYPLPayPal0.65%$219.5m937.3K+2.4% Added
ACNAccenture0.65%$218.3m835.9K+1.7% Added
VZVerizon0.63%$214.4m3.65M−2.6% Reduced
TMOThermo Fisher Scientific0.63%$212.8m456.9K+1.0% Added
NEENextEra Energy0.58%$195.0m2.53M+298.6% Added
CMCSAComcast0.57%$192.3m3.67M−0.3%
INTCIntel0.56%$188.4m3.78M−5.4% Reduced
MRKMerck & Co.0.55%$186.9m2.28M−2.4% Reduced
PEPPepsiCo0.54%$183.5m1.24M+0.6% Added
NKENike, Inc.0.53%$178.7m1.26M+2.7% Added
NFLXNetflix0.50%$170.0m314.3K+0.9% Added
TXNTexas Instruments0.50%$168.4m1.03M−0.6% Reduced
ABTAbbott Laboratories0.50%$168.0m1.53M+1.8% Added
BACBank of America0.48%$162.8m5.37M+2.5% Added
COSTCostco0.47%$159.1m422.4K−1.4% Reduced
DHRDanaher Corporation0.47%$159.1m716.1K+0.1%
CSCOCisco0.47%$159.0m3.55M−4.1% Reduced
ABBVAbbVie0.45%$150.8m1.41M+2.0% Added
BABAAlibaba Group Holding Ltd0.43%$146.8m630.9K+0.1%
PFEPfizer0.43%$144.2m3.92M−0.5% Reduced
MCDMcDonald's0.41%$138.0m643.3K+3.3% Added
CRMSalesforce0.39%$132.0m593.3K+1.9% Added
ORCLOracle Corporation0.37%$126.2m1.95M+2.0% Added
LLYLilly (Eli)0.37%$126.0m746.0K−4.4% Reduced
KOThe Coca-Cola Company0.37%$125.9m2.31M−1.7% Reduced
AMGNAmgen0.37%$125.9m547.5K−5.9% Reduced
TGTTarget Corporation0.37%$125.0m708.1K−0.2%
QCOMQualcomm0.37%$125.0m820.4K+5.4% Added
UNPUnion Pacific Corporation0.35%$119.1m571.9K+2.0% Added
NVONovo Nordisk A S0.35%$116.8m1.67M+5.6% Added
AVGOBroadcom0.32%$109.4m249.8K+3.7% Added
SBUXStarbucks0.32%$109.3m1.02M+3.6% Added
ASMLAsml Holding NV0.32%$107.3m220.0K+5.7% Added
BMYBristol Myers Squibb0.31%$103.3m1.66M−1.7% Reduced
INTUIntuit0.29%$99.1m260.8K+2.6% Added
LOWLowe's0.27%$92.1m574.1K+3.8% Added
TMToyota Motor Corp/0.27%$90.5m585.5K−3.8% Reduced
MDTMedtronic0.26%$88.7m757.5K+2.8% Added
TAT&T0.26%$88.5m3.08M−22.4% Reduced
TJXTJX Companies0.26%$86.2m1.26M+1.5% Added
ELVElevance Health0.25%$84.8m264.2K+2.7% Added
CLColgate-Palmolive0.25%$84.5m988.1K+11.2% Added
CHTRCharter Communications0.24%$82.9m125.3K+0.2%
BLKBlackRock0.24%$82.7m114.6K+1.4% Added
SPGIS&P Global0.24%$82.2m250.1K−4.9% Reduced
MSMorgan Stanley0.24%$82.0m1.20M+21.0% Added
ADPAutomatic Data Processing0.24%$80.7m457.7K+3.2% Added
CHTChunghwa Telecom Co LTD0.24%$79.8m2.07M−1.1% Reduced
MDLZMondelez International0.22%$75.8m1.30M+16.2% Added
AMTAmerican Tower0.22%$74.5m332.0K−4.7% Reduced
CVSCVS Health0.22%$74.0m1.08M+4.5% Added
AWKAmerican Water Works0.21%$71.5m466.2K+1.2% Added
NOWServiceNow0.21%$71.1m129.2K−0.8% Reduced
PLDPrologis0.20%$68.9m691.6K+0.9% Added
MMM3M0.20%$68.0m389.1K+2.9% Added
AZNAstrazeneca PLC0.20%$67.9m1.36M−5.0% Reduced
ZTSZoetis0.20%$67.9m410.3K+12.8% Added
DGDollar General0.20%$67.4m320.6K+2.4% Added
ALLAllstate0.20%$66.9m608.8K+9.9% Added
AMDAdvanced Micro Devices0.20%$66.4m724.3K+1.9% Added
UPSUnited Parcel Service0.20%$66.4m394.4K+6.7% Added
ITWIllinois Tool Works0.20%$66.2m324.6K+4.4% Added
ISRGIntuitive Surgical0.20%$66.1m80.8K+12.9% Added
NEMNewmont0.19%$65.4m1.09M−5.6% Reduced
AXPAmerican Express0.19%$65.3m540.4K+2.8% Added
BHPBHP Group Ltd0.19%$64.3m983.4K+0.5% Added
UMCUnited Microelectronics Corp0.19%$63.8m7.56M−6.8% Reduced
CCitigroup0.19%$63.5m1.03M−9.5% Reduced
CMICummins0.18%$61.9m272.5K−0.8% Reduced
CATCaterpillar Inc.0.18%$61.9m339.9K−0.7% Reduced
LMTLockheed Martin0.18%$61.3m172.6K−9.8% Reduced
MUMicron Technology0.18%$61.0m810.7K+1.3% Added
BDXBecton Dickinson0.18%$60.8m242.9K+2.6% Added
BABoeing0.18%$60.6m283.0K−1.4% Reduced
GSGoldman Sachs0.18%$60.5m229.3K+6.8% Added
ADSKAutodesk, Inc.0.18%$60.3m197.6K+2.3% Added
AMATApplied Materials0.18%$60.1m696.7K+5.6% Added
CDNSCadence Design Systems Inc0.17%$58.9m432.0K−2.3% Reduced
ECLEcolab0.17%$58.6m271.0K+1.5% Added
CVXChevron Corporation0.17%$58.3m690.7K+2.6% Added
TMUST-Mobile US0.17%$57.9m429.4K+14.1% Added
RYRoyal Bank Of Canada0.17%$56.7m691.3K+10.2% Added
HUMHumana0.17%$56.0m136.6K−2.1% Reduced
DEDeere & Company0.16%$55.3m205.5K+5.1% Added
RTXRTX Corporation0.16%$54.5m762.7K−2.4% Reduced
PGRProgressive Corporation0.16%$54.5m551.2K+0.9% Added
LRCXLam Research0.16%$54.1m114.6K−0.7% Reduced
PNCPNC Financial Services0.16%$53.8m361.1K+3.8% Added
SYKStryker Corporation0.16%$53.7m219.1K+0.9% Added
WMWaste Management0.16%$53.6m454.2K+3.3% Added
APDAir Products0.16%$53.5m195.8K−3.5% Reduced
CSXCSX Corporation0.16%$53.3m587.8K+4.6% Added
METMetLife0.16%$52.9m1.13M−2.9% Reduced
PMPhilip Morris International0.16%$52.8m637.9K−6.2% Reduced
CLXClorox0.16%$52.6m260.3K+7.5% Added
FISFidelity National Information Services0.15%$52.3m370.0K−0.3%
SHWSherwin-Williams0.15%$51.9m70.6K+1.3% Added
ETNEaton Corporation0.15%$51.6m429.8K+0.2%
SAPSAP SE0.15%$51.2m393.0K−16.8% Reduced
CICigna0.15%$50.9m244.5K+4.6% Added
IBMIBM0.15%$50.6m402.0K−15.9% Reduced
ELThe Estée Lauder Companies0.15%$50.1m188.4K−1.0% Reduced
BKNGBooking Holdings0.15%$49.7m22.3K+0.2%
KMBKimberly-Clark0.14%$48.6m360.6K−18.6% Reduced
PRUPrudential Financial0.14%$48.0m614.3K−0.5% Reduced
TRVThe Travelers Companies0.14%$47.6m339.2K+2.3% Added
ICEIntercontinental Exchange0.14%$46.0m399.4K+2.8% Added
EQIXEquinix0.14%$45.6m63.8K+1.4% Added
HRLHormel Foods0.13%$45.4m974.4K−11.4% Reduced
SNPSSynopsys Inc0.13%$44.8m173.0K+0.5% Added
EWEdwards Lifesciences0.13%$44.6m488.6K−0.5% Reduced
MRSHMarsh McLennan0.13%$44.3m378.8K+1.2% Added
ROPRoper Technologies0.13%$44.1m102.2K+1.4% Added
GISGeneral Mills0.13%$44.0m747.9K−5.4% Reduced
NSCNorfolk Southern0.13%$43.8m184.5K+6.2% Added
BAXBaxter International0.13%$43.8m545.8K−6.8% Reduced
CMECME Group0.13%$43.4m238.2K+5.3% Added
SCHWCharles Schwab Corporation0.13%$43.1m812.3K+35.6% Added
AAgilent Technologies0.13%$42.8m361.1K+3.9% Added
NICENice Ltd.0.13%$42.7m150.5K+3.1% Added
FISVFiserv0.13%$42.5m372.9K+5.1% Added
TDToronto Dominion Bank0.13%$42.2m747.7K+4.5% Added
VRTXVertex Pharmaceuticals0.12%$41.5m175.6K−6.0% Reduced
EBAYeBay Inc.0.12%$41.2m820.5K−3.3% Reduced
GILDGilead Sciences0.12%$41.0m702.9K−17.6% Reduced
KRKroger0.12%$40.9m1.29M−17.5% Reduced
MCOMoody's Corporation0.12%$40.7m140.2K−0.7% Reduced
FDXFedEx0.12%$40.0m154.1K+6.6% Added
CBChubb Limited0.12%$39.4m256.1K+3.2% Added
DOXAmdocs LTD0.12%$39.3m554.0K+9.8% Added
ADIAnalog Devices0.12%$39.3m265.9K+3.5% Added
AONAon plc0.11%$38.6m182.7K−0.5%
CompanyBought (value)Shares
NEENextEra Energy$146.1m1.89M
TSLATesla, Inc.$58.0m82.2K
NTESNetease, Inc.$19.8m207.1K
DISThe Walt Disney Company$18.3m100.9K
MSFTMicrosoft Corporation$17.5m78.8K
VTRSViatris$17.1m914.9K
MKCMcCormick & Company$14.7m154.0K
MSMorgan Stanley$14.2m207.5K
GOOGLAlphabet Inc. (Class A)$11.4m6.5K
SCHWCharles Schwab Corporation$11.3m213.4K
MDLZMondelez International$10.6m181.2K
JPMJPMorgan Chase$9.9m78.1K
CLColgate-Palmolive$8.5m99.5K
ZTSZoetis$7.7m46.4K
ISRGIntuitive Surgical$7.5m9.2K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
TAT&T−$25.6m−890.2K
JNJJohnson & Johnson−$21.3m−135.4K
AMZNAmazon−$16.0m−4.9K
BIIBBiogen−$11.7m−47.7K
KMBKimberly-Clark−$11.1m−82.6K
INTCIntel−$10.8m−217.5K
SAPSAP SE−$10.3m−79.3K
IBMIBM−$9.5m−75.7K
GILDGilead Sciences−$8.7m−149.6K
KRKroger−$8.7m−272.5K
AMGNAmgen−$7.9m−34.2K
DDominion Energy−$7.3m−96.6K
CSCOCisco−$6.7m−150.6K
CCitigroup−$6.7m−108.0K
LMTLockheed Martin−$6.6m−18.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
HCMHutchmed (china) Ltd$835,00025.9K
HRTGHeritage Insurance Holdings, Inc.$432,00042.6K
PAHCPhibro Animal Health Corp$349,00020.1K
GCOGenesco Inc$235,00010.9K
COLLCollegium Pharmaceutical, Inc$219,00010.5K
GOSSGossamer Bio, Inc.$205,00016.5K
ATEXAnterix Inc.$204,0006.2K
TGTredegar Corp$183,00012.3K
FENGPhoenix New Media Ltd$161,000131.0K
LXLexinfintech Holdings Ltd.$146,00021.3K
WVEWave Life Sciences, Inc.$115,00013.5K
BTUPeabody Energy Corp$74,00032.0K
MERCMercer International Inc.$72,00010.9K
DBVTDBV Technologies S.a.$64,00037.3K
EZPWEzcorp Inc$57,00011.4K
NAKNorthern Dynasty Minerals LTD$12,00012.1K
  • Technology26.3%
  • Financials13.5%
  • Health Care13.3%
  • Consumer Discretionary12.6%
  • Communication Services8.7%
  • Industrials8.2%
  • Consumer Staples7.9%
  • Materials2.8%
  • Utilities2.8%
  • Real Estate2.6%
  • Energy1.3%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestNovember 2, 2012 to May 21, 2021+15.0%+15.6%0.930.96−31.8%0.98
2018 onwardsJanuary 5, 2018 to May 21, 2021+15.3%+15.2%0.720.71−31.8%0.99
Last three yearsMay 25, 2018 to May 21, 2021+17.4%+17.3%0.800.79−31.8%0.99
Last yearMay 22, 2020 to May 21, 2021+43.6%+42.9%2.202.15−6.2%0.98

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.