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
Positions we cover: 1,709
Copy, a year: +15.0%
Copy Sharpe ratio: 0.93

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.

Holdings reported by Blackrock Inc. · SEC notice for March 31, 2021
Holdings reported by Blackrock, Inc. · SEC notice for December 31, 2024

Holdings date Find a security

2,430 reported entries for December 31, 2020.

Issuer	Class / type	Reported value	Quantity
MESOBLAST LTD590717104	SPONS ADR	$236,000	27,823
METHANEX CORP59151K108 · MEOH	COM	$7.2m	156,538
METHODE ELECTRS INC591520200 · MEI	COM	$1.5m	40,066
METLIFE INC59156R108 · MET	COM	$52.9m	1,127,446
METTLER TOLEDO INTERNATIONAL592688105 · MTD	COM	$26.7m	23,440
MGE ENERGY INC55277P104 · MGEE	COM	$1.6m	22,670
MGIC INVT CORP WIS552848103 · MTG	COM	$4.3m	343,502
MGM GROWTH PPTYS LLC55303A105	CL A COM	$426,000	13,612
MGM RESORTS INTERNATIONAL552953101 · MGM	COM	$11.9m	377,164
MGP INGREDIENTS INC NEW55303J106 · MGPI	COM	$469,000	9,974
MICHAELS COS INC59408Q106	COM	$900,000	69,198
MICROCHIP TECHNOLOGY INC595017104 · MCHP	COM	$16.2m	117,028
MICRON TECHNOLOGY INC595112103 · MU	COM	$61.0m	810,715
MICROSOFT CORP594918104 · MSFT	COM	$1.4bn	6,514,923
MICROSTRATEGY INC594972408 · MSTR	CL A NEW	$1.7m	4,297
MID AMER APT CMNTYS INC59522J103 · MAA	COM	$8.6m	68,170
MIDDLEBY CORP596278101 · MIDD	COM	$2.6m	20,249
MIDDLESEX WATER CO596680108 · MSEX	COM	$708,000	9,772
MIDLAND STS BANCORP INC ILL597742105 · MSBI	COM	$1.5m	85,877
MIDWESTONE FINL GROUP INC NEW598511103	COM	$328,000	13,389
MILLER HERMAN INC600544100 · MLKN	COM	$3.7m	110,428
MILLER INDS INC TENN600551204 · MLR	COM NEW	$1.9m	49,322
MINERALS TECHNOLOGIES INC603158106 · MTX	COM	$3.4m	54,160
MIRATI THERAPEUTICS INC60468T105	COM	$1.4m	6,218
MITEK SYS INC606710200 · MITK	COM NEW	$376,000	21,169
MITSUBISHI UFJ FINANCIAL GROUP INC606822104	SPONSORED ADS	$21.6m	4,880,270
MIZUHO FINANCIAL GROUP INC60687Y109	SPONSORED ADR	$6.7m	2,638,468
MKS INSTRUMENT INC55306N104 · MKSI	COM	$3.6m	24,142
MOBILE TELESYSTEMS PJSC607409109	SPONSORED ADR	$1.3m	139,896
MODEL N INC607525102	COM	$248,000	6,956

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

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.

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.

Company	Share of portfolio	Value	Shares	Change in shares
AAPLApple Inc.	5.90%	$2.0bn	15.03M	+0.1%
MSFTMicrosoft Corporation	4.29%	$1.4bn	6.51M	+1.2% Added
AMZNAmazon	3.25%	$1.1bn	337.5K	−1.4% Reduced
GOOGLAlphabet Inc. (Class A)	1.80%	$609.1m	347.5K	+1.9% Added
METAMeta Platforms	1.47%	$497.0m	1.82M	+1.4% Added
JNJJohnson & Johnson	1.11%	$375.1m	2.38M	−5.4% Reduced
VVisa Inc.	1.06%	$356.9m	1.63M	+1.0% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	1.00%	$338.9m	3.11M	+0.6% Added
TSLATesla, Inc.	0.97%	$326.4m	462.5K	+21.6% Added
UNHUnitedHealth Group	0.91%	$306.3m	873.4K	+1.8% Added
JPMJPMorgan Chase	0.87%	$292.7m	2.30M	+3.5% Added
PGProcter & Gamble	0.83%	$280.4m	2.01M	+0.6% Added
HDThe Home Depot	0.83%	$279.0m	1.05M	+0.9% Added
NVDANVIDIA Corporation	0.81%	$274.6m	525.9K	+1.0% Added
MAMastercard	0.79%	$266.3m	746.1K	+1.0% Added
WMTWalmart	0.79%	$266.0m	1.85M	−1.4% Reduced
DISThe Walt Disney Company	0.72%	$241.9m	1.34M	+8.2% Added
ADBEAdobe Inc.	0.70%	$235.5m	470.9K	+2.0% Added
PYPLPayPal	0.65%	$219.5m	937.3K	+2.4% Added
ACNAccenture	0.65%	$218.3m	835.9K	+1.7% Added
VZVerizon	0.63%	$214.4m	3.65M	−2.6% Reduced
TMOThermo Fisher Scientific	0.63%	$212.8m	456.9K	+1.0% Added
NEENextEra Energy	0.58%	$195.0m	2.53M	+298.6% Added
CMCSAComcast	0.57%	$192.3m	3.67M	−0.3%
INTCIntel	0.56%	$188.4m	3.78M	−5.4% Reduced
MRKMerck & Co.	0.55%	$186.9m	2.28M	−2.4% Reduced
PEPPepsiCo	0.54%	$183.5m	1.24M	+0.6% Added
NKENike, Inc.	0.53%	$178.7m	1.26M	+2.7% Added
NFLXNetflix	0.50%	$170.0m	314.3K	+0.9% Added
TXNTexas Instruments	0.50%	$168.4m	1.03M	−0.6% Reduced
ABTAbbott Laboratories	0.50%	$168.0m	1.53M	+1.8% Added
BACBank of America	0.48%	$162.8m	5.37M	+2.5% Added
COSTCostco	0.47%	$159.1m	422.4K	−1.4% Reduced
DHRDanaher Corporation	0.47%	$159.1m	716.1K	+0.1%
CSCOCisco	0.47%	$159.0m	3.55M	−4.1% Reduced
ABBVAbbVie	0.45%	$150.8m	1.41M	+2.0% Added
BABAAlibaba Group Holding Ltd	0.43%	$146.8m	630.9K	+0.1%
PFEPfizer	0.43%	$144.2m	3.92M	−0.5% Reduced
MCDMcDonald's	0.41%	$138.0m	643.3K	+3.3% Added
CRMSalesforce	0.39%	$132.0m	593.3K	+1.9% Added
ORCLOracle Corporation	0.37%	$126.2m	1.95M	+2.0% Added
LLYLilly (Eli)	0.37%	$126.0m	746.0K	−4.4% Reduced
KOThe Coca-Cola Company	0.37%	$125.9m	2.31M	−1.7% Reduced
AMGNAmgen	0.37%	$125.9m	547.5K	−5.9% Reduced
TGTTarget Corporation	0.37%	$125.0m	708.1K	−0.2%
QCOMQualcomm	0.37%	$125.0m	820.4K	+5.4% Added
UNPUnion Pacific Corporation	0.35%	$119.1m	571.9K	+2.0% Added
NVONovo Nordisk A S	0.35%	$116.8m	1.67M	+5.6% Added
AVGOBroadcom	0.32%	$109.4m	249.8K	+3.7% Added
SBUXStarbucks	0.32%	$109.3m	1.02M	+3.6% Added
ASMLAsml Holding NV	0.32%	$107.3m	220.0K	+5.7% Added
BMYBristol Myers Squibb	0.31%	$103.3m	1.66M	−1.7% Reduced
INTUIntuit	0.29%	$99.1m	260.8K	+2.6% Added
LOWLowe's	0.27%	$92.1m	574.1K	+3.8% Added
TMToyota Motor Corp/	0.27%	$90.5m	585.5K	−3.8% Reduced
MDTMedtronic	0.26%	$88.7m	757.5K	+2.8% Added
TAT&T	0.26%	$88.5m	3.08M	−22.4% Reduced
TJXTJX Companies	0.26%	$86.2m	1.26M	+1.5% Added
ELVElevance Health	0.25%	$84.8m	264.2K	+2.7% Added
CLColgate-Palmolive	0.25%	$84.5m	988.1K	+11.2% Added
CHTRCharter Communications	0.24%	$82.9m	125.3K	+0.2%
BLKBlackRock	0.24%	$82.7m	114.6K	+1.4% Added
SPGIS&P Global	0.24%	$82.2m	250.1K	−4.9% Reduced
MSMorgan Stanley	0.24%	$82.0m	1.20M	+21.0% Added
ADPAutomatic Data Processing	0.24%	$80.7m	457.7K	+3.2% Added
CHTChunghwa Telecom Co LTD	0.24%	$79.8m	2.07M	−1.1% Reduced
MDLZMondelez International	0.22%	$75.8m	1.30M	+16.2% Added
AMTAmerican Tower	0.22%	$74.5m	332.0K	−4.7% Reduced
CVSCVS Health	0.22%	$74.0m	1.08M	+4.5% Added
AWKAmerican Water Works	0.21%	$71.5m	466.2K	+1.2% Added
NOWServiceNow	0.21%	$71.1m	129.2K	−0.8% Reduced
PLDPrologis	0.20%	$68.9m	691.6K	+0.9% Added
MMM3M	0.20%	$68.0m	389.1K	+2.9% Added
AZNAstrazeneca PLC	0.20%	$67.9m	1.36M	−5.0% Reduced
ZTSZoetis	0.20%	$67.9m	410.3K	+12.8% Added
DGDollar General	0.20%	$67.4m	320.6K	+2.4% Added
ALLAllstate	0.20%	$66.9m	608.8K	+9.9% Added
AMDAdvanced Micro Devices	0.20%	$66.4m	724.3K	+1.9% Added
UPSUnited Parcel Service	0.20%	$66.4m	394.4K	+6.7% Added
ITWIllinois Tool Works	0.20%	$66.2m	324.6K	+4.4% Added
ISRGIntuitive Surgical	0.20%	$66.1m	80.8K	+12.9% Added
NEMNewmont	0.19%	$65.4m	1.09M	−5.6% Reduced
AXPAmerican Express	0.19%	$65.3m	540.4K	+2.8% Added
BHPBHP Group Ltd	0.19%	$64.3m	983.4K	+0.5% Added
UMCUnited Microelectronics Corp	0.19%	$63.8m	7.56M	−6.8% Reduced
CCitigroup	0.19%	$63.5m	1.03M	−9.5% Reduced
CMICummins	0.18%	$61.9m	272.5K	−0.8% Reduced
CATCaterpillar Inc.	0.18%	$61.9m	339.9K	−0.7% Reduced
LMTLockheed Martin	0.18%	$61.3m	172.6K	−9.8% Reduced
MUMicron Technology	0.18%	$61.0m	810.7K	+1.3% Added
BDXBecton Dickinson	0.18%	$60.8m	242.9K	+2.6% Added
BABoeing	0.18%	$60.6m	283.0K	−1.4% Reduced
GSGoldman Sachs	0.18%	$60.5m	229.3K	+6.8% Added
ADSKAutodesk, Inc.	0.18%	$60.3m	197.6K	+2.3% Added
AMATApplied Materials	0.18%	$60.1m	696.7K	+5.6% Added
CDNSCadence Design Systems Inc	0.17%	$58.9m	432.0K	−2.3% Reduced
ECLEcolab	0.17%	$58.6m	271.0K	+1.5% Added
CVXChevron Corporation	0.17%	$58.3m	690.7K	+2.6% Added
TMUST-Mobile US	0.17%	$57.9m	429.4K	+14.1% Added
RYRoyal Bank Of Canada	0.17%	$56.7m	691.3K	+10.2% Added
HUMHumana	0.17%	$56.0m	136.6K	−2.1% Reduced
DEDeere & Company	0.16%	$55.3m	205.5K	+5.1% Added
RTXRTX Corporation	0.16%	$54.5m	762.7K	−2.4% Reduced
PGRProgressive Corporation	0.16%	$54.5m	551.2K	+0.9% Added
LRCXLam Research	0.16%	$54.1m	114.6K	−0.7% Reduced
PNCPNC Financial Services	0.16%	$53.8m	361.1K	+3.8% Added
SYKStryker Corporation	0.16%	$53.7m	219.1K	+0.9% Added
WMWaste Management	0.16%	$53.6m	454.2K	+3.3% Added
APDAir Products	0.16%	$53.5m	195.8K	−3.5% Reduced
CSXCSX Corporation	0.16%	$53.3m	587.8K	+4.6% Added
METMetLife	0.16%	$52.9m	1.13M	−2.9% Reduced
PMPhilip Morris International	0.16%	$52.8m	637.9K	−6.2% Reduced
CLXClorox	0.16%	$52.6m	260.3K	+7.5% Added
FISFidelity National Information Services	0.15%	$52.3m	370.0K	−0.3%
SHWSherwin-Williams	0.15%	$51.9m	70.6K	+1.3% Added
ETNEaton Corporation	0.15%	$51.6m	429.8K	+0.2%
SAPSAP SE	0.15%	$51.2m	393.0K	−16.8% Reduced
CICigna	0.15%	$50.9m	244.5K	+4.6% Added
IBMIBM	0.15%	$50.6m	402.0K	−15.9% Reduced
ELThe Estée Lauder Companies	0.15%	$50.1m	188.4K	−1.0% Reduced
BKNGBooking Holdings	0.15%	$49.7m	22.3K	+0.2%
KMBKimberly-Clark	0.14%	$48.6m	360.6K	−18.6% Reduced
PRUPrudential Financial	0.14%	$48.0m	614.3K	−0.5% Reduced
TRVThe Travelers Companies	0.14%	$47.6m	339.2K	+2.3% Added
ICEIntercontinental Exchange	0.14%	$46.0m	399.4K	+2.8% Added
EQIXEquinix	0.14%	$45.6m	63.8K	+1.4% Added
HRLHormel Foods	0.13%	$45.4m	974.4K	−11.4% Reduced
SNPSSynopsys Inc	0.13%	$44.8m	173.0K	+0.5% Added
EWEdwards Lifesciences	0.13%	$44.6m	488.6K	−0.5% Reduced
MRSHMarsh McLennan	0.13%	$44.3m	378.8K	+1.2% Added
ROPRoper Technologies	0.13%	$44.1m	102.2K	+1.4% Added
GISGeneral Mills	0.13%	$44.0m	747.9K	−5.4% Reduced
NSCNorfolk Southern	0.13%	$43.8m	184.5K	+6.2% Added
BAXBaxter International	0.13%	$43.8m	545.8K	−6.8% Reduced
CMECME Group	0.13%	$43.4m	238.2K	+5.3% Added
SCHWCharles Schwab Corporation	0.13%	$43.1m	812.3K	+35.6% Added
AAgilent Technologies	0.13%	$42.8m	361.1K	+3.9% Added
NICENice Ltd.	0.13%	$42.7m	150.5K	+3.1% Added
FISVFiserv	0.13%	$42.5m	372.9K	+5.1% Added
TDToronto Dominion Bank	0.13%	$42.2m	747.7K	+4.5% Added
VRTXVertex Pharmaceuticals	0.12%	$41.5m	175.6K	−6.0% Reduced
EBAYeBay Inc.	0.12%	$41.2m	820.5K	−3.3% Reduced
GILDGilead Sciences	0.12%	$41.0m	702.9K	−17.6% Reduced
KRKroger	0.12%	$40.9m	1.29M	−17.5% Reduced
MCOMoody's Corporation	0.12%	$40.7m	140.2K	−0.7% Reduced
FDXFedEx	0.12%	$40.0m	154.1K	+6.6% Added
CBChubb Limited	0.12%	$39.4m	256.1K	+3.2% Added
DOXAmdocs LTD	0.12%	$39.3m	554.0K	+9.8% Added
ADIAnalog Devices	0.12%	$39.3m	265.9K	+3.5% Added
AONAon plc	0.11%	$38.6m	182.7K	−0.5%

Company	Bought (value)	Shares
NEENextEra Energy	$146.1m	1.89M
TSLATesla, Inc.	$58.0m	82.2K
NTESNetease, Inc.	$19.8m	207.1K
DISThe Walt Disney Company	$18.3m	100.9K
MSFTMicrosoft Corporation	$17.5m	78.8K
VTRSViatris	$17.1m	914.9K
MKCMcCormick & Company	$14.7m	154.0K
MSMorgan Stanley	$14.2m	207.5K
GOOGLAlphabet Inc. (Class A)	$11.4m	6.5K
SCHWCharles Schwab Corporation	$11.3m	213.4K
MDLZMondelez International	$10.6m	181.2K
JPMJPMorgan Chase	$9.9m	78.1K
CLColgate-Palmolive	$8.5m	99.5K
ZTSZoetis	$7.7m	46.4K
ISRGIntuitive Surgical	$7.5m	9.2K

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

Company	Sold (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.

Company	Value last quarter	Shares
HCMHutchmed (china) Ltd	$835,000	25.9K
HRTGHeritage Insurance Holdings, Inc.	$432,000	42.6K
PAHCPhibro Animal Health Corp	$349,000	20.1K
GCOGenesco Inc	$235,000	10.9K
COLLCollegium Pharmaceutical, Inc	$219,000	10.5K
GOSSGossamer Bio, Inc.	$205,000	16.5K
ATEXAnterix Inc.	$204,000	6.2K
TGTredegar Corp	$183,000	12.3K
FENGPhoenix New Media Ltd	$161,000	131.0K
LXLexinfintech Holdings Ltd.	$146,000	21.3K
WVEWave Life Sciences, Inc.	$115,000	13.5K
BTUPeabody Energy Corp	$74,000	32.0K
MERCMercer International Inc.	$72,000	10.9K
DBVTDBV Technologies S.a.	$64,000	37.3K
EZPWEzcorp Inc	$57,000	11.4K
NAKNorthern Dynasty Minerals LTD	$12,000	12.1K

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.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestNovember 2, 2012 to May 21, 2021	+15.0%	+15.6%	0.93	0.96	−31.8%	0.98
2018 onwardsJanuary 5, 2018 to May 21, 2021	+15.3%	+15.2%	0.72	0.71	−31.8%	0.99
Last three yearsMay 25, 2018 to May 21, 2021	+17.4%	+17.3%	0.80	0.79	−31.8%	0.99
Last yearMay 22, 2020 to May 21, 2021	+43.6%	+42.9%	2.20	2.15	−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.