Institution

Blackrock Group Ltd

13F for December 31, 2016, filed February 10, 2017 · SEC CIK 1003283 · Holdings history from March 31, 1999

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

Reported value: $210.1bn
Positions we cover: 1,570
Copy, a year: +13.6%
Copy Sharpe ratio: 1.14

Copy-performance statistics: August 16, 2013 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.

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

2,974 reported entries for December 31, 2016.

Issuer	Class / type	Reported value	Quantity
COTY INC222070203 · COTY	COM CL A	$47.9m	2,614,639
COUPA SOFTWARE INC22266L106	COM	$1.4m	56,935
COUSINS PPTYS INC222795106 · CUZ	COM	$20.0m	2,344,590
COVANTA HLDG CORP22282E102	COM	$7.4m	476,059
COVENANT TRANSN GROUP INC22284P105 · CVLG	CL A	$96,000	4,974
COVISINT CORP22357R103	COM	$110,000	57,766
COWEN GROUP INC NEW223622606	CL A NEW	$253,000	16,335
ENCANA CORP292505104	COM	$57.9m	4,933,917
ENCORE CAP GROUP INC292554102 · ECPG	COM	$924,000	32,215
ENCORE WIRE CORP292562105	COM	$1.9m	42,712
ENDO INTL PLCG30401106	SHS	$30.8m	1,868,917
ENDOLOGIX INC29266S106	COM	$190,000	33,184
ENDURANCE INTL GROUP HLDGS I29272B105	COM	$233,000	25,000
ENDURANCE SPECIALTY HLDGS LTG30397106	SHS	$5.3m	57,837
ENEL AMERICAS S A29274F104	SPONSORED ADR	$24.9m	3,032,781
ENEL CHILE S A29278D105	SPONSORED ADR	$8.5m	1,870,603
ENEL GENERACION CHILE S A29244T101	SPONSORED ADR	$13.8m	711,717
ENERGEN CORP29265N108	COM	$21.1m	366,601
ENERGIZER HLDGS INC NEW29272W109 · ENR	COM	$2.7m	60,450
ENERGY RECOVERY INC29270J100 · ERII	COM	$183,000	17,756
ENERSYS29275Y102 · ENS	COM	$2.7m	34,911
HALYARD HEALTH INC40650V100	COM	$6.8m	182,833
HANCOCK HLDG CO410120109 · HWC	COM	$2.8m	63,981
G-III APPAREL GROUP LTD36237H101 · GIII	COM	$4.0m	136,417
GALLAGHER ARTHUR J & CO363576109 · AJG	COM	$77.2m	1,485,448
GAMCO INVESTORS INC361438104	CL A COM	$40,000	1,297
GAMESTOP CORP NEW36467W109 · GME	CL A	$2.8m	110,730
GAMING & LEISURE PPTYS INC36467J108 · GLPI	COM	$42.6m	1,389,800
GANNETT CO INC36473H104	COM	$2.3m	239,261
GAP INC DEL364760108 · GAP	COM	$46.1m	2,054,125
GARMIN LTDH2906T109 · GRMN	SHS	$49.3m	1,017,075
INVITAE CORP46185L103	COM	$6.0m	750,023
IONIS PHARMACEUTICALS INC462222100 · IONS	COM	$5.7m	118,228
IPG PHOTONICS CORP44980X109 · IPGP	COM	$3.4m	34,062
IRHYTHM TECHNOLOGIES INC450056106 · IRTC	COM	$2.8m	93,160
IRIDIUM COMMUNICATIONS INC46269C102 · IRDM	COM	$1.4m	145,055
IROBOT CORP462726100	COM	$3.0m	51,402
IRON MTN INC NEW46284V101 · IRM	COM	$62.2m	1,914,864
IRONWOOD PHARMACEUTICALS INC46333X108 · IRWD	COM CL A	$1.9m	127,111
IRSA INVERSIONES Y REP S A450047204	GLOBL DEP RCPT	$7.2m	391,485
ISHARES464286400	MSCI BRZ CAP ETF	$1.6m	47,190
ISHARES464286509	MSCI CDA ETF	$928,000	35,493
ISHARES464286525	MIN VOL GBL ETF	$80.8m	1,112,760
ISHARES464286533	MIN VOL EMRG MKT	$16.7m	340,509
ISHARES464286624	MSCI THI CAP ETF	$656,000	9,102
ISHARES464286665	MSCI PAC JP ETF	$4.5m	112,768
ISHARES464286780	MSCI STH AFR ETF	$1.5m	27,919
ISHARES GOLD TRUST464285105	ISHARES	$410.9m	37,088,774
ISHARES INC46434G772	MSCI TAIWAN ETF	$18.6m	633,354
ISHARES INC46434G822	MSCI JPN ETF NEW	$1.0m	20,941
ISHARES S&P GSCI COMMODITY I46428R107	UNIT BEN INT	$2.3m	145,711
ISHARES TR464287200	CORE S&P500 ETF	$477.7m	2,123,300
ISHARES TR464287226	CORE US AGGBD ET	$30.2m	279,098
ISHARES TR464287457	1-3 YR TR BD ETF	$29.8m	352,567
ISHARES TR464287804	CORE S&P SCP ETF	$108.8m	791,191
ISHARES TR464287861	EUROPE ETF	$3.2m	83,276
ISHARES TR464288273	EAFE SML CP ETF	$139.2m	2,792,587
ISHARES TR464288281	JP MOR EM MK ETF	$47.0m	426,133
ISHARES TR464288513	IBOXX HI YD ETF	$280.0m	3,234,728
KAMAN CORP483548103	COM	$2.6m	53,684
KANSAS CITY SOUTHERN485170302	COM NEW	$133.7m	1,575,263
KAPSTONE PAPER & PACKAGING C48562P103	COM	$7.0m	317,007
KAR AUCTION SVCS INC48238T109 · OPLN	COM	$4.6m	108,640
KARYOPHARM THERAPEUTICS INC48576U106 · KPTI	COM	$66,000	6,994
KATE SPADE & CO485865109	COM	$3.3m	179,160
KB HOME48666K109 · KBH	COM	$947,000	59,911
KBR INC48242W106 · KBR	COM	$7.7m	463,956
KCG HLDGS INC48244B100	CL A	$363,000	27,352
KEARNY FINL CORP MD48716P108 · KRNY	COM	$678,000	43,636
KELLOGG CO487836108	COM	$190.1m	2,578,383
KELLY SVCS INC488152208 · KELYA	CL A	$1.3m	57,623
MILLER INDS INC TENN600551204 · MLR	COM NEW	$99,000	3,747
MIMEDX GROUP INC602496101 · MDXG	COM	$1.8m	203,852
MINERALS TECHNOLOGIES INC603158106 · MTX	COM	$1.9m	24,951
MINERVA NEUROSCIENCES INC603380106 · NERV	COM	$46,000	3,956
MISTRAS GROUP INC60649T107 · MG	COM	$219,000	8,523
MITEL NETWORKS CORP60671Q104	COM	$245,000	36,002
MITSUBISHI UFJ FINL GROUP IN606822104	SPONSORED ADR	$1.6m	263,312
MARTEN TRANS LTD573075108 · MRTN	COM	$966,000	41,504
MARTIN MARIETTA MATLS INC573284106 · MLM	COM	$106.1m	478,873
MARVELL TECHNOLOGY GROUP LTDG5876H105	ORD	$41.0m	2,958,297
MASCO CORP574599106 · MAS	COM	$136.9m	4,330,319
MASIMO CORP574795100	COM	$29.1m	431,950
MASONITE INTL CORP NEW575385109	COM	$1.6m	24,291
MASTEC INC576323109 · MTZ	COM	$3.7m	96,993
ZENDESK INC98936J101	COM	$1.0m	47,658
ZHAOPIN LTD98954L103	SPONSORED ADR	$52,000	3,417
ZILLOW GROUP INC98954M101 · Z	CL A	$46,000	1,269
ZILLOW GROUP INC98954M200 · Z	CL C CAP STK	$17.3m	475,388
ZIMMER BIOMET HLDGS INC98956P102 · ZBH	COM	$252.3m	2,445,234
ZIONS BANCORPORATION989701107 · ZION	COM	$44.8m	1,041,628
ZIOPHARM ONCOLOGY INC98973P101	COM	$448,000	83,725
ZIX CORP98974P100	COM	$330,000	66,860
ZOES KITCHEN INC98979J109	COM	$180,000	7,503
ZOETIS INC98978V103 · ZTS	CL A	$247.2m	4,617,475
ZTO EXPRESS CAYMAN INC98980A105 · ZTO	SPONSORED ADR	$2.3m	192,192
ZUMIEZ INC989817101 · ZUMZ	COM	$960,000	43,965
ZYNGA INC98986T108	CL A	$3.5m	1,350,578
TEAM HEALTH HOLDINGS INC87817A107	COM	$2.4m	54,951
TEAM INC878155100 · TISI	COM	$2.2m	54,976

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 Group Ltd's usable filed holdings in companies we cover from August 16, 2013, 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 −11.4% (S&P 500 −11.2%); beta 1.00; alpha +0.7% a year (t = 1.57); last 12 months +21.2% against +20.1%.

Reported value by quarter

Blackrock Group Ltd: 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	$131.9B
2013-09-30	$149B
2013-12-31	$155.2B
2014-03-31	$159.6B
2014-06-30	$173.9B
2014-09-30	$172.5B
2014-12-31	$186.8B
2015-03-31	$185.5B
2015-06-30	$183.7B
2015-09-30	$170.8B
2015-12-31	$181.7B
2016-03-31	$185.3B
2016-06-30	$192.8B
2016-09-30	$198.7B
2016-12-31	$210.1B

Latest covered holdings and moves

Covered holdings as of December 31, 2016.

Company	Share of portfolio	Value	Shares	Change in shares
AAPLApple Inc.	2.67%	$5.6bn	48.46M	+2.4% Added
MSFTMicrosoft Corporation	1.95%	$4.1bn	65.82M	+1.2% Added
JNJJohnson & Johnson	1.40%	$2.9bn	25.59M	+1.3% Added
JPMJPMorgan Chase	1.33%	$2.8bn	32.32M	+2.3% Added
AMZNAmazon	1.21%	$2.5bn	3.40M	+5.9% Added
METAMeta Platforms	1.11%	$2.3bn	20.20M	+11.8% Added
TAT&T	1.04%	$2.2bn	51.29M	+4.2% Added
WFCWells Fargo	1.03%	$2.2bn	39.40M	−1.8% Reduced
PFEPfizer	1.01%	$2.1bn	65.10M	+10.6% Added
BACBank of America	1.00%	$2.1bn	95.10M	+4.1% Added
CVXChevron Corporation	0.94%	$2.0bn	16.81M	+3.9% Added
GOOGLAlphabet Inc. (Class A)	0.91%	$1.9bn	2.42M	+3.2% Added
VZVerizon	0.91%	$1.9bn	35.81M	+2.2% Added
PGProcter & Gamble	0.90%	$1.9bn	22.37M	+1.2% Added
CSCOCisco	0.80%	$1.7bn	55.53M	+4.1% Added
CCitigroup	0.78%	$1.6bn	27.59M	+4.6% Added
INTCIntel	0.77%	$1.6bn	44.59M	+6.6% Added
UNHUnitedHealth Group	0.76%	$1.6bn	10.01M	+5.4% Added
MRKMerck & Co.	0.75%	$1.6bn	26.78M	+2.4% Added
CMCSAComcast	0.72%	$1.5bn	21.81M	+3.8% Added
HDThe Home Depot	0.69%	$1.5bn	10.87M	+5.7% Added
KOThe Coca-Cola Company	0.69%	$1.5bn	35.03M	+2.2% Added
DISThe Walt Disney Company	0.66%	$1.4bn	13.27M	+10.3% Added
BABAAlibaba Group Holding Ltd	0.64%	$1.3bn	15.33M	−4.6% Reduced
PEPPepsiCo	0.64%	$1.3bn	12.76M	+5.6% Added
IBMIBM	0.63%	$1.3bn	7.94M	+7.5% Added
VVisa Inc.	0.58%	$1.2bn	15.60M	+1.0% Added
SLBSchlumberger	0.56%	$1.2bn	14.01M	+5.4% Added
MOAltria	0.55%	$1.2bn	17.19M	+0.4%
AMGNAmgen	0.51%	$1.1bn	7.30M	+1.4% Added
PMPhilip Morris International	0.50%	$1.0bn	11.47M	+6.6% Added
QCOMQualcomm	0.50%	$1.0bn	16.05M	+2.9% Added
MAMastercard	0.49%	$1.0bn	9.96M	−2.1% Reduced
GILDGilead Sciences	0.48%	$1.0bn	14.22M	+8.2% Added
MCDMcDonald's	0.46%	$970.6m	7.97M	−2.1% Reduced
MMM3M	0.46%	$958.2m	5.37M	+2.4% Added
WMTWalmart	0.45%	$940.4m	13.61M	+9.1% Added
ORCLOracle Corporation	0.44%	$924.4m	24.04M	+4.2% Added
NEMNewmont	0.43%	$910.8m	26.73M	+2.3% Added
MDTMedtronic	0.43%	$898.6m	12.62M	+1.0% Added
ABBVAbbVie	0.42%	$891.9m	14.24M	+6.8% Added
SPGSimon Property Group	0.42%	$890.2m	5.01M	+1.7% Added
GSGoldman Sachs	0.42%	$880.9m	3.68M	+6.8% Added
BMYBristol Myers Squibb	0.41%	$871.9m	14.92M	−0.2%
CVSCVS Health	0.41%	$858.9m	10.88M	+8.3% Added
USBU.S. Bancorp	0.37%	$786.3m	15.31M	−3.3% Reduced
ACNAccenture	0.37%	$777.6m	6.64M	+3.4% Added
TXNTexas Instruments	0.36%	$761.2m	10.43M	+1.1% Added
UPSUnited Parcel Service	0.35%	$727.7m	6.35M	+7.2% Added
SBUXStarbucks	0.34%	$717.1m	12.92M	+0.4%
BABoeing	0.33%	$700.4m	4.50M	+5.7% Added
UNPUnion Pacific Corporation	0.33%	$693.9m	6.69M	+6.6% Added
LLYLilly (Eli)	0.32%	$680.2m	9.25M	−7.9% Reduced
LOWLowe's	0.32%	$673.6m	9.47M	+11.1% Added
CBChubb Limited	0.32%	$665.8m	5.04M	+7.5% Added
COPConocoPhillips	0.31%	$654.4m	13.05M	+5.5% Added
NEENextEra Energy	0.30%	$636.6m	5.33M	+11.2% Added
EOGEOG Resources	0.30%	$635.7m	6.29M	+11.7% Added
BIIBBiogen	0.30%	$621.4m	2.19M	+8.2% Added
MDLZMondelez International	0.29%	$606.6m	13.68M	+0.4%
BKNGBooking Holdings	0.29%	$603.4m	411.6K	+2.6% Added
MSMorgan Stanley	0.28%	$587.8m	14.12M	+13.3% Added
COSTCostco	0.28%	$577.4m	3.61M	+4.3% Added
AIGAmerican International Group	0.28%	$577.0m	8.83M	−5.0% Reduced
ADPAutomatic Data Processing	0.27%	$566.2m	5.51M	−3.5% Reduced
OXYOccidental Petroleum	0.27%	$558.9m	7.85M	+5.2% Added
METMetLife	0.26%	$546.1m	10.13M	−4.2% Reduced
TJXTJX Companies	0.26%	$544.2m	7.24M	+2.2% Added
SCHWCharles Schwab Corporation	0.26%	$537.9m	13.63M	−2.8% Reduced
NKENike, Inc.	0.26%	$536.6m	10.56M	−0.5% Reduced
CHTRCharter Communications	0.25%	$526.7m	1.83M	+4.4% Added
ELVElevance Health	0.25%	$526.5m	3.66M	+1.9% Added
PRUPrudential Financial	0.24%	$514.0m	4.94M	−6.7% Reduced
BIDUBaidu, Inc.	0.24%	$508.6m	3.09M	−11.2% Reduced
DHRDanaher Corporation	0.24%	$500.6m	6.43M	+11.2% Added
PSAPublic Storage	0.24%	$500.4m	2.24M	−1.6% Reduced
ABTAbbott Laboratories	0.24%	$499.9m	13.01M	+1.7% Added
CMECME Group	0.23%	$491.9m	4.26M	−6.0% Reduced
SOSouthern Company	0.23%	$489.0m	9.94M	+2.1% Added
LMTLockheed Martin	0.23%	$484.3m	1.94M	+10.6% Added
DUKDuke Energy	0.23%	$482.7m	6.22M	+4.6% Added
ADBEAdobe Inc.	0.23%	$481.1m	4.67M	−4.2% Reduced
TRVThe Travelers Companies	0.23%	$478.8m	3.91M	+3.3% Added
AXPAmerican Express	0.23%	$477.4m	6.44M	+5.6% Added
CLColgate-Palmolive	0.23%	$475.5m	7.27M	+6.4% Added
TMOThermo Fisher Scientific	0.23%	$473.8m	3.36M	−4.6% Reduced
NVDANVIDIA Corporation	0.23%	$473.4m	4.44M	+2.0% Added
CATCaterpillar Inc.	0.22%	$468.9m	5.06M	+9.4% Added
PNCPNC Financial Services	0.22%	$460.4m	3.94M	+3.3% Added
KHCKraft Heinz	0.22%	$460.3m	5.27M	+5.1% Added
TGTTarget Corporation	0.21%	$448.9m	6.22M	+1.4% Added
DDominion Energy	0.21%	$445.0m	5.81M	+0.8% Added
MRSHMarsh McLennan	0.21%	$441.4m	6.53M	+19.5% Added
MPCMarathon Petroleum	0.21%	$438.4m	8.71M	−0.1%
BNYBNY Mellon	0.21%	$435.1m	9.18M	+5.9% Added
FDXFedEx	0.21%	$434.6m	2.33M	+3.6% Added
SYKStryker Corporation	0.20%	$420.5m	3.51M	+5.8% Added
HALHalliburton	0.20%	$416.2m	7.69M	+8.9% Added
GMGeneral Motors	0.20%	$413.5m	11.87M	+10.6% Added
NFLXNetflix	0.20%	$412.8m	3.33M	+3.6% Added
PSXPhillips 66	0.20%	$410.9m	4.75M	+2.7% Added
COFCapital One	0.19%	$403.1m	4.62M	+5.7% Added
FFord Motor Company	0.19%	$401.4m	33.09M	+5.0% Added
BLKBlackRock	0.19%	$392.3m	1.03M	+6.0% Added
GISGeneral Mills	0.19%	$392.0m	6.35M	−3.9% Reduced
PLDPrologis	0.18%	$389.0m	7.37M	+2.8% Added
KMBKimberly-Clark	0.18%	$387.3m	3.39M	+5.6% Added
AMTAmerican Tower	0.18%	$384.4m	3.64M	−4.4% Reduced
VLOValero Energy	0.18%	$375.9m	5.50M	+3.1% Added
WELLWelltower	0.18%	$375.5m	5.61M	+5.8% Added
BKRBaker Hughes	0.18%	$371.6m	5.72M	+7.9% Added
INTUIntuit	0.17%	$357.9m	3.12M	+3.8% Added
EXCExelon	0.17%	$356.9m	10.06M	+13.2% Added
HUMHumana	0.17%	$355.2m	1.74M	+24.0% Added
BAXBaxter International	0.17%	$355.0m	8.01M	+6.9% Added
JCIJohnson Controls	0.17%	$352.4m	8.55M	+9.0% Added
CICigna	0.17%	$350.8m	2.63M	+9.9% Added
PYPLPayPal	0.17%	$350.4m	8.88M	+3.7% Added
BDXBecton Dickinson	0.17%	$350.2m	2.12M	+0.7% Added
ADMArcher Daniels Midland	0.17%	$348.2m	7.63M	+22.2% Added
ITWIllinois Tool Works	0.16%	$340.0m	2.78M	+1.9% Added
VMRKVivmark Residential	0.16%	$336.3m	5.23M	+1.6% Added
CTSHCognizant	0.16%	$335.2m	5.98M	+17.5% Added
KMIKinder Morgan	0.16%	$331.9m	16.03M	+4.8% Added
CRMSalesforce	0.16%	$331.2m	4.84M	+1.0% Added
DVNDevon Energy	0.16%	$329.0m	7.20M	+5.0% Added
AMATApplied Materials	0.16%	$328.5m	10.18M	+13.8% Added
VTRVentas	0.16%	$328.3m	5.25M	+1.1% Added
HPEHewlett Packard Enterprise	0.15%	$324.2m	14.01M	+8.2% Added
GDGeneral Dynamics	0.15%	$318.7m	1.85M	−24.4% Reduced
NOCNorthrop Grumman	0.15%	$318.2m	1.37M	+8.4% Added
WMWaste Management	0.15%	$309.6m	4.37M	−1.1% Reduced
MCKMcKesson	0.15%	$307.7m	2.19M	−10.9% Reduced
ALLAllstate	0.14%	$305.2m	4.12M	+6.6% Added
CAHCardinal Health	0.14%	$304.7m	4.23M	+8.5% Added
APDAir Products	0.14%	$302.8m	2.11M	+24.0% Added
PCGPG&E Corporation	0.14%	$295.7m	4.87M	+9.4% Added
CCICrown Castle	0.14%	$295.3m	3.40M	+7.7% Added
BSXBoston Scientific	0.14%	$295.1m	13.64M	−1.8% Reduced
CSXCSX Corporation	0.14%	$289.4m	8.06M	+5.0% Added
EMREmerson Electric	0.14%	$289.3m	5.19M	+5.8% Added
IPInternational Paper	0.14%	$288.7m	5.44M	+2.9% Added
DALDelta Air Lines	0.14%	$288.1m	5.86M	+54.8% Added
ETNEaton Corporation	0.14%	$286.0m	4.26M	+7.7% Added
KRKroger	0.14%	$285.5m	8.27M	−3.5% Reduced
AEPAmerican Electric Power	0.14%	$283.6m	4.50M	+7.9% Added
CFGCitizens Financial Group	0.14%	$282.7m	7.93M	−2.6% Reduced
EBAYeBay Inc.	0.13%	$280.5m	9.45M	+12.2% Added
EDConsolidated Edison	0.13%	$279.6m	3.79M	+11.9% Added
BXPBXP, Inc.	0.13%	$279.3m	2.22M	+2.4% Added

Company	Bought (value)	Shares
METAMeta Platforms	$244.9m	2.13M
ICEIntercontinental Exchange	$215.5m	3.82M
PFEPfizer	$202.6m	6.24M
AMZNAmazon	$143.1m	190.9K
DISThe Walt Disney Company	$129.6m	1.24M
AAPLApple Inc.	$129.0m	1.11M
YUMCYum China Holdings, Inc.	$123.0m	4.71M
DALDelta Air Lines	$101.9m	2.07M
INTCIntel	$99.5m	2.74M
MNSTMonster Beverage	$93.2m	2.10M
IBMIBM	$92.2m	555.6K
TAT&T	$87.3m	2.05M
BACBank of America	$83.2m	3.77M
HCAHCA Healthcare	$83.1m	1.12M
UNHUnitedHealth Group	$82.1m	513.0K

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

Company	Sold (value)	Shares
AAAlcoa Corp	−$310.9m	−11.07M
GDGeneral Dynamics	−$102.7m	−594.7K
ALLYAlly Financial Inc.	−$64.7m	−3.40M
BABAAlibaba Group Holding Ltd	−$64.3m	−732.0K
BIDUBaidu, Inc.	−$64.1m	−390.1K
LLYLilly (Eli)	−$58.6m	−797.2K
URIUnited Rentals	−$40.6m	−384.5K
WFCWells Fargo	−$39.2m	−711.9K
ABEVAmbev S.a.	−$39.0m	−7.93M
MCKMcKesson	−$37.6m	−267.7K
PRUPrudential Financial	−$36.8m	−353.4K
HSYThe Hershey Company	−$36.0m	−348.1K
CMECME Group	−$31.2m	−270.7K
AIGAmerican International Group	−$30.1m	−460.2K
NBHCNational Bank Holdings Corp	−$29.3m	−919.0K

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

Company	Value last quarter	Shares
CCJCameco Corp	$13.2m	1.54M
QSRRestaurant Brands International Inc.	$4.2m	95.3K
AZNAstrazeneca PLC	$4.1m	124.0K
ERICEricsson LM Telephone Co	$3.6m	505.3K
MPLXMplx LP	$2.2m	65.3K
TTDTrade Desk, Inc.	$265,000	9.1K
LABStandard Biotools Inc.	$98,000	12.2K
OCULOcular Therapeutix, Inc	$90,000	13.1K
YRDYiren Digital Ltd.	$45,000	1.9K
IPIIntrepid Potash, Inc.	$43,000	38.2K
UTIUniversal Technical Institute Inc	$25,000	14.3K

Financials16.9%
Technology15.4%
Health Care14.6%
Consumer Discretionary10.4%
Consumer Staples9.1%
Industrials8.3%
Communication Services8.3%
Energy5.3%
Real Estate4.8%
Utilities3.9%
Materials2.9%

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 backtestAugust 16, 2013 to May 26, 2017	+13.6%	+12.7%	1.14	1.08	−11.4%	1.00
Last three yearsMay 30, 2014 to May 26, 2017	+11.0%	+10.1%	0.90	0.84	−11.4%	1.01
Last yearMay 27, 2016 to May 26, 2017	+18.5%	+17.4%	1.92	1.84	−4.4%	1.00

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.