Institution

Blackrock Advisors LLC

13F for December 31, 2016, filed February 10, 2017 · SEC CIK 1086364 · Holdings history from March 30, 2006

The latest available holdings for this manager are dated December 31, 2016.

Reported value: $98.8bn
Positions we cover: 1,779
Copy, a year: +10.8%
Copy Sharpe ratio: 0.86

Copy-performance statistics: February 14, 2014 to May 26, 2017. 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.

Reports holdings for Pacific Life Fund Advisors LLC · SEC notice for June 30, 2013
Holdings reported by Blackrock Inc. · SEC notice for March 31, 2017
Holdings reported by Blackrock, Inc. · SEC notice for December 31, 2024

Holdings date Find a security

3,710 reported entries for December 31, 2016.

Issuer	Class / type	Reported value	Quantity
BLACKSTONE MTG TR INC09257W100 · BXMT	COM CL A	$424,000	14,099
BLOCK H & R INC093671105 · HRB	COM	$123.3m	5,362,572
BLOOMIN BRANDS INC094235108 · BLMN	COM	$8.7m	481,066
BLUCORA INC095229100	COM	$337,000	22,871
BLUE BIRD CORP095306106 · BLBD	COM	$28,000	1,796
BLUE BUFFALO PET PRODS INC09531U102	COM	$994,000	41,347
BLUE CAP REINS HLDGS LTDG1190F107	COM	$52,000	2,800
BLUE HILLS BANCORP INC095573101	COM	$285,000	15,197
BLUE NILE INC09578R103	COM	$253,000	6,234
BLUEBIRD BIO INC09609G100	COM	$2.9m	46,394
BLUELINX HLDGS INC09624H208 · BXC	COM NEW	$16,000	2,204
BLUEPRINT MEDICINES CORP09627Y109	COM	$295,000	10,523
BLUEROCK RESIDENTIAL GRW REI09627J102	COM CL A	$189,000	13,746
BMC STK HLDGS INC05591B109	COM	$1.2m	62,326
BNC BANCORP05566T101	COM	$741,000	23,228
BOARDWALK PIPELINE PARTNERS096627104	UT LTD PARTNER	$8.5m	490,365
BOB EVANS FARMS INC096761101	COM	$23.6m	443,324
BOEING CO097023105 · BA	COM	$24.9m	160,057
BOFI HLDG INC05566U108	COM	$911,000	31,915
BOINGO WIRELESS INC09739C102	COM	$247,000	20,300
BOISE CASCADE CO DEL09739D100 · BCC	COM	$2.0m	89,271
BOJANGLES INC097488100	COM	$64,000	3,428
BOK FINL CORP05561Q201 · BOKF	COM NEW	$1.2m	14,420
BON-TON STORES INC09776J101	COM	$3,000	2,228
BONANZA CREEK ENERGY INC097793103	COM	$7,000	6,854
BOOT BARN HLDGS INC099406100 · BOOT	COM	$1.4m	108,270
BOOZ ALLEN HAMILTON HLDG COR099502106 · BAH	CL A	$2.6m	72,229
BORGWARNER INC099724106 · BWA	COM	$9.2m	232,029
BOSTON BEER INC100557107 · SAM	CL A	$22.0m	129,402
BOSTON PRIVATE FINL HLDGS IN101119105	COM	$708,000	42,751
BOSTON PROPERTIES INC101121101 · BXP	COM	$52.3m	416,158
BOSTON SCIENTIFIC CORP101137107 · BSX	COM	$231.2m	10,687,012
BOTTOMLINE TECH DEL INC101388106	COM	$14.1m	562,203
BOULEVARD ACQUISITION10157Q102	CL A	$137,000	13,881
BOULEVARD ACQUISITION10157Q201	UNIT 99/99/9999	$62,000	6,100
BOVIE MEDICAL CORP10211F100	COM	$17,000	4,719
BOX INC10316T104 · BOX	CL A	$1.4m	100,056
BOYD GAMING CORP103304101 · BYD	COM	$8.4m	416,603
BP PLC055622104	SPONSORED ADR	$318.7m	8,527,051
CORVEL CORP221006109 · CRVL	COM	$376,000	10,271
CORVUS PHARMACEUTICALS INC221015100 · CRVS	COM	$398,000	27,851
COSTAMARE INCY1771G102 · CMRE	SHS	$64,000	11,393
COSTAR GROUP INC22160N109 · CSGP	COM	$19.3m	102,472
COSTCO WHSL CORP NEW22160K105 · COST	COM	$78.8m	491,944
COTIVITI HLDGS INC22164K101	COM	$163,000	4,749
COTT CORP QUE22163N106	COM	$4.5m	399,160
COTY INC222070203 · COTY	COM CL A	$9.0m	491,083
COUNTY BANCORP INC221907108	COM	$52,000	1,930
COUPA SOFTWARE INC22266L106	COM	$5.9m	234,274
COUSINS PPTYS INC222795106 · CUZ	COM	$3.4m	400,068
COVANTA HLDG CORP22282E102	COM	$1.1m	71,027
COVENANT TRANSN GROUP INC22284P105 · CVLG	CL A	$128,000	6,593
COVISINT CORP22357R103	COM	$17,000	8,788
COWEN GROUP INC NEW223622606	CL A NEW	$218,000	14,094
CPI AEROSTRUCTURES INC125919308 · CVU	COM NEW	$21,000	2,281
CPI CARD GROUP INC12634H101 · PMTS	COM	$30,000	7,162
CRA INTL INC12618T105 · CRAI	COM	$162,000	4,425
CRACKER BARREL OLD CTRY STOR22410J106 · CBRL	COM	$1.8m	10,805
CRAFT BREW ALLIANCE INC224122101	COM	$107,000	6,351
CRANE CO224399105	COM	$2.1m	28,790
CRAWFORD & CO224633107 · CRD.A	CL B	$114,000	9,054
CRAWFORD & CO224633206 · CRD.A	CL A	$175,000	18,466
CRAY INC225223304	COM NEW	$440,000	21,263
CREDICORP LTDG2519Y108	COM	$28.1m	178,184
CREDIT ACCEP CORP MICH225310101 · CACC	COM	$1.2m	5,610
CREDIT SUISSE NASSAU BRH22542D795	INVRS VIX STERM	$38,000	804
CREE INC225447101	COM	$1.5m	58,032
CRITEO S A226718104	SPONS ADS	$3.5m	84,400
CROCS INC227046109 · CROX	COM	$258,000	37,555
CROSS CTRY HEALTHCARE INC227483104	COM	$264,000	16,928
CROWN CASTLE INTL CORP NEW22822V101 · CCI	COM	$105.1m	1,211,288
CROWN HOLDINGS INC228368106 · CCK	COM	$46.7m	888,710
CRYOLIFE INC228903100 · AORT	COM	$309,000	16,114
CSG SYS INTL INC126349109	COM	$11.6m	240,288
CSRA INC12650T104	COM	$2.3m	72,929
CSS INDS INC125906107	COM	$128,000	4,733
CST BRANDS INC12646R105	COM	$2.1m	43,808
CSW INDUSTRIALS INC126402106 · CSW	COM	$294,000	7,983
CSX CORP126408103 · CSX	COM	$28.1m	781,233
CSX CORP126408103 · CSX	OPTIONSCall	$5.9m	165,000
CTI BIOPHARMA CORP12648L106	COM	$11,000	26,414
CTRIP COM INTL LTD22943F100	AMERICAN DEP SHS	$2.0m	49,658
CTS CORP126501105 · CTS	COM	$382,000	17,051
CU BANCORP CALIF126534106	COM	$224,000	6,244
CUBESMART229663109 · CUBE	COM	$5.9m	219,545
CUBIC CORP229669106	COM	$11.0m	229,828
CULLEN FROST BANKERS INC229899109 · CFR	COM	$7.3m	82,662
CULP INC230215105 · CULP	COM	$7.2m	193,997
CUMBERLAND PHARMACEUTICALS I230770109 · CPIX	COM	$25,000	4,500
CUMMINS INC231021106 · CMI	COM	$23.2m	169,664
CUMULUS MEDIA INC231082603	CL A NEW	$3,000	3,185
CURIS INC231269101	COM	$187,000	60,578
CURTISS WRIGHT CORP231561101 · CW	COM	$2.3m	23,402
CUSTOMERS BANCORP INC23204G100 · CUBI	COM	$495,000	13,811
CUTERA INC232109108	COM	$349,000	20,140
CVB FINL CORP126600105 · CVBF	COM	$1.2m	53,454
CVR ENERGY INC12662P108 · CVI	COM	$199,000	7,847
CVS HEALTH CORP126650100 · CVS	COM	$231.5m	2,933,713
CYBEROPTICS CORP232517102	COM	$43,000	1,663
MALIBU BOATS INC56117J100 · MBUU	COM CL A	$205,000	10,765

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 Blackrock Advisors LLC's usable filed holdings in companies we cover from February 14, 2014, 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 −13.4% (S&P 500 −11.2%); beta 1.05; alpha −0.6% a year (t = −0.61); last 12 months +22.0% against +20.1%.

Reported value by quarter

Blackrock Advisors 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
2013-06-30	$95.4B
2013-09-30	$99.4B
2013-12-31	$104B
2014-03-31	$102.1B
2014-06-30	$105.7B
2014-09-30	$100.5B
2014-12-31	$99.3B
2015-03-31	$97.6B
2015-06-30	$96.2B
2015-09-30	$93.3B
2015-12-31	$94.4B
2016-03-31	$95.3B
2016-06-30	$98.5B
2016-09-30	$97.2B
2016-12-31	$98.8B

Latest covered holdings and moves

Covered holdings as of December 31, 2016.

Company	Share of portfolio	Value	Shares	Change in shares
BACBank of America	2.02%	$2.0bn	90.06M	+8.5% Added
JPMJPMorgan Chase	1.96%	$1.9bn	22.46M	−8.0% Reduced
PFEPfizer	1.82%	$1.8bn	55.45M	+16.3% Added
AAPLApple Inc.	1.78%	$1.8bn	15.22M	−4.4% Reduced
CCitigroup	1.52%	$1.5bn	25.26M	+8.5% Added
MSFTMicrosoft Corporation	1.41%	$1.4bn	22.44M	+2.1% Added
UNHUnitedHealth Group	1.24%	$1.2bn	7.64M	+0.6% Added
WFCWells Fargo	1.09%	$1.1bn	19.63M	−11.9% Reduced
CMCSAComcast	1.08%	$1.1bn	15.48M	−2.1% Reduced
JNJJohnson & Johnson	0.85%	$842.0m	7.31M	−18.6% Reduced
MRKMerck & Co.	0.83%	$820.7m	13.94M	−13.7% Reduced
AMZNAmazon	0.83%	$815.8m	1.09M	+22.4% Added
MPCMarathon Petroleum	0.72%	$716.2m	14.22M	−5.8% Reduced
GOOGLAlphabet Inc. (Class A)	0.71%	$700.8m	884.3K	−12.2% Reduced
QCOMQualcomm	0.71%	$699.5m	10.73M	−8.2% Reduced
VZVerizon	0.70%	$696.5m	13.05M	−3.1% Reduced
HDThe Home Depot	0.70%	$696.3m	5.19M	−17.1% Reduced
MSMorgan Stanley	0.70%	$690.5m	16.34M	+26.4% Added
CVXChevron Corporation	0.69%	$685.7m	5.83M	+6.0% Added
ELVElevance Health	0.69%	$685.4m	4.77M	−2.7% Reduced
GSGoldman Sachs	0.64%	$628.8m	2.63M	−0.3%
CSCOCisco	0.61%	$607.5m	20.10M	−13.8% Reduced
GILDGilead Sciences	0.61%	$604.2m	8.44M	+3.5% Added
METAMeta Platforms	0.60%	$595.1m	5.17M	−24.4% Reduced
USBU.S. Bancorp	0.60%	$592.7m	11.54M	−23.2% Reduced
ORCLOracle Corporation	0.56%	$554.4m	14.42M	+24.1% Added
NEENextEra Energy	0.56%	$552.6m	4.63M	+17.6% Added
OXYOccidental Petroleum	0.48%	$477.5m	6.70M	−3.8% Reduced
INTCIntel	0.48%	$476.9m	13.15M	+13.0% Added
KRKroger	0.47%	$461.8m	13.38M	−10.8% Reduced
MOAltria	0.47%	$459.7m	6.80M	−20.2% Reduced
PRUPrudential Financial	0.46%	$449.4m	4.32M	−13.1% Reduced
AIGAmerican International Group	0.45%	$444.0m	6.80M	−13.1% Reduced
SUSuncor Energy Inc	0.42%	$411.7m	12.59M	+10.0% Added
BIIBBiogen	0.42%	$410.8m	1.45M	+21.7% Added
KOThe Coca-Cola Company	0.42%	$410.5m	9.90M	−16.8% Reduced
DGXQuest Diagnostics	0.41%	$405.2m	4.41M	+19.2% Added
METMetLife	0.40%	$398.4m	7.39M	−13.6% Reduced
LOWLowe's	0.38%	$376.8m	5.30M	+55.3% Added
NOCNorthrop Grumman	0.38%	$376.5m	1.62M	−4.9% Reduced
MDTMedtronic	0.38%	$374.2m	5.25M	−9.3% Reduced
BAXBaxter International	0.38%	$370.7m	8.36M	+10.9% Added
AMGNAmgen	0.37%	$363.4m	2.49M	−29.9% Reduced
HUMHumana	0.37%	$362.7m	1.78M	+76.6% Added
PGProcter & Gamble	0.37%	$361.4m	4.30M	−1.6% Reduced
EXCExelon	0.36%	$360.7m	10.16M	−1.7% Reduced
SLBSchlumberger	0.36%	$353.3m	4.21M	−4.7% Reduced
DALDelta Air Lines	0.35%	$349.0m	7.09M	+64.5% Added
VVisa Inc.	0.34%	$341.1m	4.37M	−25.2% Reduced
ZBHZimmer Biomet	0.31%	$308.8m	2.99M	+19.3% Added
BDXBecton Dickinson	0.31%	$306.2m	1.85M	−8.2% Reduced
LMTLockheed Martin	0.31%	$305.1m	1.22M	−3.2% Reduced
DGDollar General	0.31%	$302.3m	4.08M	−27.0% Reduced
PEGPublic Service Enterprise Group	0.29%	$282.4m	6.43M	−2.2% Reduced
UPSUnited Parcel Service	0.28%	$280.8m	2.45M	−9.5% Reduced
DVNDevon Energy	0.28%	$275.9m	6.04M	+0.5% Added
DDominion Energy	0.28%	$275.7m	3.60M	−14.5% Reduced
ROPRoper Technologies	0.28%	$271.8m	1.48M	+12.1% Added
UALUnited Airlines Holdings	0.27%	$270.8m	3.72M	−13.7% Reduced
ALLAllstate	0.26%	$255.0m	3.44M	−4.7% Reduced
IPInternational Paper	0.26%	$252.6m	4.76M	−4.7% Reduced
TRVThe Travelers Companies	0.25%	$245.6m	2.01M	−17.7% Reduced
PMPhilip Morris International	0.24%	$240.8m	2.63M	−3.5% Reduced
SPGSimon Property Group	0.24%	$239.7m	1.35M	+39.7% Added
MMM3M	0.24%	$239.2m	1.34M	−1.2% Reduced
MRSHMarsh McLennan	0.24%	$234.4m	3.47M	−2.2% Reduced
CVSCVS Health	0.23%	$231.5m	2.93M	−1.7% Reduced
BSXBoston Scientific	0.23%	$231.2m	10.69M	−24.9% Reduced
BABAAlibaba Group Holding Ltd	0.23%	$225.6m	2.57M	+0.5%
BKNGBooking Holdings	0.22%	$220.9m	150.7K	+0.8% Added
COFCapital One	0.22%	$220.6m	2.53M	−4.4% Reduced
UNPUnion Pacific Corporation	0.22%	$218.8m	2.11M	−9.7% Reduced
CMECME Group	0.22%	$214.5m	1.86M	−41.1% Reduced
MAMastercard	0.22%	$214.5m	2.08M	−6.7% Reduced
MSIMotorola Solutions	0.21%	$211.1m	2.55M	−3.7% Reduced
BMYBristol Myers Squibb	0.21%	$209.5m	3.59M	−9.2% Reduced
MDLZMondelez International	0.21%	$204.8m	4.62M	−27.9% Reduced
KEYKeyCorp	0.20%	$199.3m	10.91M	+13.1% Added
COPConocoPhillips	0.20%	$198.9m	3.97M	−1.7% Reduced
HCAHCA Healthcare	0.20%	$197.6m	2.67M	+689.4% Added
LEALear Corp	0.19%	$191.0m	1.44M	−20.5% Reduced
NFLXNetflix	0.19%	$189.0m	1.53M	−13.5% Reduced
EPCEdgewell Personal Care Co	0.19%	$187.9m	2.57M	+5.0% Added
GPNGlobal Payments	0.19%	$186.5m	2.69M	−5.6% Reduced
CTSHCognizant	0.19%	$186.5m	3.33M	+53.2% Added
APDAir Products	0.19%	$183.7m	1.28M	+161.7% Added
CBChubb Limited	0.18%	$179.5m	1.36M	+0.6% Added
CNCCentene Corporation	0.18%	$178.2m	3.15M	−6.7% Reduced
LUVSouthwest Airlines	0.18%	$176.7m	3.55M	−21.8% Reduced
LRCXLam Research	0.18%	$173.5m	1.64M	−9.3% Reduced
STZConstellation Brands	0.17%	$172.9m	1.13M	−5.5% Reduced
CMGChipotle Mexican Grill	0.17%	$172.8m	457.9K	+1.4% Added
NKENike, Inc.	0.17%	$168.9m	3.32M	+21.6% Added
PEPPepsiCo	0.17%	$168.6m	1.61M	+8.1% Added
AXTAAxalta Coating Systems Ltd.	0.17%	$168.3m	6.19M	+3.1% Added
CICigna	0.17%	$166.5m	1.25M	−1.5% Reduced
CMSCMS Energy	0.17%	$165.5m	3.98M	−2.8% Reduced
AESAES Corporation	0.17%	$164.7m	14.17M	−2.0% Reduced
PRGOPerrigo Co plc	0.17%	$164.4m	1.98M	+50.4% Added
VRTXVertex Pharmaceuticals	0.16%	$156.0m	2.12M	+27.2% Added
EOGEOG Resources	0.16%	$156.0m	1.54M	−14.2% Reduced
SYKStryker Corporation	0.16%	$155.4m	1.30M	−9.7% Reduced
VISNVistance Networks, Inc.	0.16%	$153.9m	4.14M	−9.4% Reduced
IVZInvesco	0.15%	$152.8m	5.04M	−15.8% Reduced
VLOValero Energy	0.15%	$149.4m	2.26M	−1.8% Reduced
LLYLilly (Eli)	0.15%	$148.7m	2.02M	−58.2% Reduced
GAPGAP Inc	0.15%	$144.0m	6.42M	−4.2% Reduced
JOEST JOE Co	0.14%	$143.4m	7.54M	−8.9% Reduced
ABBVAbbVie	0.14%	$141.1m	2.25M	+2.0% Added
SRESempra	0.14%	$138.8m	1.38M	+27.0% Added
TGTTarget Corporation	0.14%	$137.1m	1.90M	−33.9% Reduced
ZTSZoetis	0.14%	$136.2m	2.54M	+35.7% Added
HLTHilton Worldwide	0.14%	$135.9m	5.00M	+714.1% Added
TAT&T	0.13%	$132.3m	3.11M	+0.9% Added
REGNRegeneron Pharmaceuticals	0.13%	$131.0m	356.9K	−40.8% Reduced
SLMSLM Corp	0.13%	$129.1m	11.72M	−26.1% Reduced
SBUXStarbucks	0.13%	$129.0m	2.32M	+31.2% Added
SHWSherwin-Williams	0.13%	$128.9m	479.8K	+14.0% Added
NVDANVIDIA Corporation	0.13%	$128.5m	1.20M	−40.2% Reduced
MCDMcDonald's	0.13%	$123.8m	1.02M	−9.2% Reduced
HRBH&R Block Inc	0.13%	$123.3m	5.36M	+18.3% Added
FEFirstEnergy	0.13%	$123.2m	3.98M	+347.8% Added
ABTAbbott Laboratories	0.12%	$121.9m	3.17M	−0.3%
CHTRCharter Communications	0.12%	$121.6m	422.3K	+3.8% Added
SCHWCharles Schwab Corporation	0.12%	$118.9m	3.01M	+14.7% Added
ASMLAsml Holding NV	0.12%	$117.6m	1.05M	+81.1% Added
HIGThe Hartford	0.12%	$117.4m	2.46M	−23.6% Reduced
TMOThermo Fisher Scientific	0.12%	$115.9m	821.1K	−49.0% Reduced
ISRGIntuitive Surgical	0.12%	$115.5m	182.2K	+13.1% Added
EQIXEquinix	0.12%	$115.4m	322.9K	+195.4% Added
AYIAcuity Inc. (de)	0.12%	$115.4m	499.7K	+29.5% Added
DISThe Walt Disney Company	0.12%	$114.2m	1.10M	+0.9% Added
WMBWilliams Companies	0.12%	$113.6m	3.65M	−4.6% Reduced
WYWeyerhaeuser	0.12%	$113.5m	3.77M	−2.6% Reduced
INTUIntuit	0.11%	$109.1m	952.1K	−2.9% Reduced
MCKMcKesson	0.11%	$108.9m	775.5K	−34.2% Reduced
NSCNorfolk Southern	0.11%	$108.0m	999.8K	−33.9% Reduced
KMBKimberly-Clark	0.11%	$107.7m	944.1K	+422.5% Added
SBACSBA Communications	0.11%	$106.5m	1.03M	−15.0% Reduced
EQTEQT Corporation	0.11%	$106.4m	1.63M	−4.5% Reduced
CCICrown Castle	0.11%	$105.1m	1.21M	+18.3% Added
OMCOmnicom Group	0.11%	$105.0m	1.23M	−0.1%
PKGPackaging Corporation of America	0.10%	$103.5m	1.22M	−14.1% Reduced
EFXEquifax	0.10%	$103.4m	874.4K	+178.4% Added
DVADaVita	0.10%	$101.8m	1.58M	−31.4% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	0.10%	$100.5m	3.50M	+218.9% Added
RFRegions Financial Corporation	0.10%	$100.4m	6.99M	+29.6% Added
GTGoodyear Tire & Rubber Co	0.10%	$94.0m	3.04M	+27.1% Added
FFord Motor Company	0.10%	$93.4m	7.70M	−5.9% Reduced
IBMIBM	0.09%	$91.1m	549.0K	+4.6% Added

Company	Bought (value)	Shares
PFEPfizer	$253.0m	7.79M
HCAHCA Healthcare	$172.6m	2.33M
HUMHumana	$157.3m	770.8K
BACBank of America	$156.2m	7.07M
AMZNAmazon	$149.3m	199.1K
MSMorgan Stanley	$144.2m	3.41M
DALDelta Air Lines	$136.8m	2.78M
LOWLowe's	$134.1m	1.89M
HLTHilton Worldwide	$119.2m	4.38M
CCitigroup	$117.5m	1.98M
APDAir Products	$113.5m	789.4K
ORCLOracle Corporation	$107.7m	2.80M
FEFirstEnergy	$95.7m	3.09M
KMBKimberly-Clark	$87.1m	763.4K
NEENextEra Energy	$82.8m	692.9K

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

Company	Sold (value)	Shares
LLYLilly (Eli)	−$207.1m	−2.82M
METAMeta Platforms	−$192.3m	−1.67M
JNJJohnson & Johnson	−$191.9m	−1.67M
USBU.S. Bancorp	−$179.0m	−3.48M
ALLYAlly Financial Inc.	−$171.0m	−8.99M
TEVATeva Pharmaceutical Industries LTD	−$168.7m	−4.65M
JPMJPMorgan Chase	−$168.2m	−1.95M
AMGNAmgen	−$155.0m	−1.06M
CMECME Group	−$149.6m	−1.30M
WFCWells Fargo	−$145.9m	−2.65M
HDThe Home Depot	−$143.5m	−1.07M
MRKMerck & Co.	−$130.7m	−2.22M
TXTTextron	−$117.3m	−2.42M
MOAltria	−$116.0m	−1.72M
VVisa Inc.	−$114.8m	−1.47M

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

Company	Value last quarter	Shares
CCJCameco Corp	$35.6m	4.15M
ERICEricsson LM Telephone Co	$16.8m	2.33M
AEMAgnico Eagle Mines LTD	$2.4m	44.0K

Financials22.3%
Health Care19.9%
Technology13.5%
Consumer Discretionary8.6%
Industrials6.9%
Communication Services6.6%
Energy6.5%
Consumer Staples6.1%
Utilities4.3%
Real Estate2.9%
Materials2.4%

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 backtestFebruary 14, 2014 to May 26, 2017	+10.8%	+10.9%	0.86	0.91	−13.4%	1.05
Last three yearsMay 30, 2014 to May 26, 2017	+10.4%	+10.1%	0.82	0.84	−13.4%	1.05
Last yearMay 27, 2016 to May 26, 2017	+19.2%	+17.4%	1.81	1.84	−4.3%	1.11

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.