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
LUMBER LIQUIDATORS HLDGS INC55003T107	COM	$922,000	58,659
LUMENTUM HLDGS INC55024U109 · LITE	COM	$4.3m	111,051
LUMINEX CORP DEL55027E102	COM	$1.9m	95,663
LUMOS NETWORKS CORP550283105	COM	$639,000	40,888
LUXOFT HLDG INCG57279104	ORD SHS CL A	$66.6m	1,185,431
LYDALL INC DEL550819106	COM	$2.0m	32,419
LYON WILLIAM HOMES552074700	CL A NEW	$151,000	7,937
LYONDELLBASELL INDUSTRIES NN53745100 · LYB	SHS - A -	$260.4m	3,035,872
M & T BK CORP55261F104 · MTB	COM	$250.3m	1,599,816
M D C HLDGS INC552676108	COM	$2.3m	88,594
M/I HOMES INC55305B101 · MHO	COM	$1.2m	47,000
MACERICH CO554382101 · MAC	COM	$145.8m	2,057,490
WELLTOWER INC95040Q203	6.50% PFD PREPET	$18.3m	304,700
WENDYS CO95058W100 · WEN	COM	$2.9m	217,877
WERNER ENTERPRISES INC950755108 · WERN	COM	$990,000	36,700
WESBANCO INC950810101 · WSBC	COM	$1.5m	34,550
WESCO AIRCRAFT HLDGS INC950814103	COM	$464,000	31,020
WESCO INTL INC95082P105 · WCC	COM	$2.4m	36,570
WEST BANCORPORATION INC95123P106 · WTBA	CAP STK	$326,000	13,208
WEST CORP952355204	COM	$492,000	19,903
WEST MARINE INC954235107	COM	$492,000	47,002
WEST PHARMACEUTICAL SVSC INC955306105 · WST	COM	$5.1m	60,209
WESTAMERICA BANCORPORATION957090103 · WABC	COM	$4.0m	63,527
WESTAR ENERGY INC95709T100	COM	$36.0m	638,381
WESTELL TECHNOLOGIES INC957541105	CL A	$170,000	261,876
WESTERN ALLIANCE BANCORP957638109 · WAL	COM	$9.1m	185,830
WESTERN ASSET MTG CAP CORP95790D105	COM	$192,000	19,038
WESTERN DIGITAL CORP958102105 · WDC	COM	$182.7m	2,689,354
PATRICK INDS INC703343103 · PATK	COM	$2.0m	25,633
PATTERN ENERGY GROUP INC70338P100	CL A	$5.8m	303,433
PATTERSON COMPANIES INC703395103	COM	$40.2m	980,901
PATTERSON UTI ENERGY INC703481101 · PTEN	COM	$3.0m	112,971
ROGERS CORP775133101 · ROG	COM	$2.9m	38,090
ROLLINS INC775711104 · ROL	COM	$2.1m	63,492
ROPER TECHNOLOGIES INC776696106 · ROP	COM	$213.4m	1,165,876
ROSS STORES INC778296103 · ROST	COM	$258.5m	3,940,113
ROWAN COMPANIES PLCG7665A101	SHS CL A	$2.3m	123,215
ROYAL BK CDA MONTREAL QUE780087102 · RY	COM	$64,000	949
ROYAL CARIBBEAN CRUISES LTDV7780T103 · RCL	COM	$114.9m	1,400,569
TERRAFORM PWR INC88104R100	CL A COM	$3.9m	307,036
TERRENO RLTY CORP88146M101 · TRNO	COM	$8.3m	292,974
TESARO INC881569107	COM	$37.8m	280,959
TESCO CORP88157K101	COM	$666,000	80,581
TESLA MTRS INC88160R101 · TSLA	COM	$164.5m	769,784
TESORO CORP881609101	COM	$129.0m	1,475,479
TESSERA HLDG CORP88166T101	COM	$6.3m	142,052
TETRA TECH INC NEW88162G103 · TTEK	COM	$14.0m	325,452
TETRA TECHNOLOGIES INC DEL88162F105 · TTI	COM	$1.2m	237,756
TEVA PHARMACEUTICAL INDS LTD881624209 · TEVA	ADR	$111.5m	3,075,439
TEXAS CAPITAL BANCSHARES INC88224Q107	COM	$11.7m	149,808
NEWMARKET CORP651587107 · NEU	COM	$2.9m	6,875
NEWMONT MINING CORP651639106 · NEM	COM	$910.8m	26,732,435
NEWPARK RES INC651718504 · NPKI	COM PAR $.01NEW	$1.5m	194,833
NEWS CORP NEW65249B109 · NWSA	CL A	$51.5m	4,497,980
NEWS CORP NEW65249B208	CL B	$5.8m	495,340
NEWSTAR FINANCIAL INC65251F105	COM	$29,000	3,154
NEXPOINT RESIDENTIAL TR INC65341D102 · NXRT	COM	$2,000	90
NEXSTAR BROADCASTING GROUP I65336K103 · NXST	CL A	$7.0m	110,465
NEXTERA ENERGY INC65339F101 · NEE	COM	$636.6m	5,329,130
NEXTERA ENERGY PARTNERS LP65341B106 · XIFR	COM UNIT PART IN	$16.6m	650,041
NIC INC62914B100	COM	$4.9m	204,019
PREMIER INC74051N102	CL A	$1.0m	33,759
PRESTIGE BRANDS HLDGS INC74112D101 · PBH	COM	$4.2m	80,263
QUANTENNA COMMUNICATIONS INC74766D100	COM	$2.6m	143,706
QUANTUM CORP747906204	COM DSSG	$313,000	376,208
QUEST DIAGNOSTICS INC74834L100 · DGX	COM	$181.4m	1,973,675
QUIDEL CORP74838J101	COM	$428,000	19,982
QUINSTREET INC74874Q100 · QNST	COM	$539,000	143,361
QUINTILES IMS HOLDINGS INC74876Y101	COM	$65.8m	865,455
QUNAR CAYMAN IS LTD74906P104	SPNS ADR CL B	$12.6m	417,877
QUORUM HEALTH CORP74909E106	COM	$270,000	37,200
QUOTIENT LTDG73268107	SHS	$1.3m	277,266
QUOTIENT TECHNOLOGY INC749119103	COM	$289,000	26,802
SOUTHERN COPPER CORP84265V105 · SCCO	COM	$57.8m	1,808,114
SOUTHSIDE BANCSHARES INC84470P109 · SBSI	COM	$2.2m	58,014
SOUTHWEST AIRLS CO844741108 · LUV	COM	$182.9m	3,669,691
SOUTHWEST GAS CORP844895102 · SWX	COM	$6.2m	81,087
STILLWATER MNG CO86074Q102	COM	$4.8m	297,810
STOCK YDS BANCORP INC861025104 · SYBT	COM	$481,000	10,260
STONE ENERGY CORP861642304	COM NEW	$72,000	10,003
UNUM GROUP91529Y106 · UNM	COM	$109.4m	2,489,939
URBAN EDGE PPTYS91704F104 · UE	COM	$16.7m	606,173
URBAN OUTFITTERS INC917047102 · URBN	COM	$7.6m	268,463
URSTADT BIDDLE PPTYS INC917286205	CL A	$3.8m	155,852
US BANCORP DEL902973304 · USB	COM NEW	$786.3m	15,307,020
US ECOLOGY INC91732J102	COM	$2.3m	47,133
US FOODS HLDG CORP912008109 · USFD	COM	$7.1m	257,671
USANA HEALTH SCIENCES INC90328M107 · USNA	COM	$966,000	15,790
V F CORP918204108 · VFC	COM	$163.0m	3,055,480
ACXIOM CORP005125109	COM	$1.6m	60,378
ADECOAGRO S AL00849106 · AGRO	COM	$7.4m	709,000
ADEPTUS HEALTH INC006855100	CL A	$204,000	26,511
ADIENT PLCG0084W101 · ADNT	ORD SHS	$18.7m	319,013
ADOBE SYS INC00724F101 · ADBE	COM	$481.1m	4,673,251
ADTRAN INC00738A106 · ADTN	COM	$2.4m	107,031
ADURO BIOTECH INC00739L101	COM	$136,000	11,913
ADVANCE AUTO PARTS INC00751Y106 · AAP	COM	$101.5m	600,038
ADVANCED DISP SVCS INC DEL00790X101	COM	$2.6m	115,877
ADVANCED DRAIN SYS INC DEL00790R104 · WMS	COM	$2.0m	97,984
ADVANCED EMISSIONS SOLUTS IN00770C101 · ARQ	COM	$251,000	27,126

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.