Institution

Eaton Vance Management

13F for September 30, 2022, filed November 14, 2022 · SEC CIK 1076598 · Holdings history from April 26, 1999

The latest available holdings for this manager are dated September 30, 2022.

Reported value: $67.5bn
Positions we cover: 1,117
Copy, a year: +12.5%
Copy Sharpe ratio: 0.72

Copy-performance statistics: August 16, 2013 to February 24, 2023. 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 Morgan Stanley · SEC notice for December 31, 2022

Holdings date Find a security

1,538 reported entries for September 30, 2022.

Issuer	Class / type	Reported value	Quantity
IAC INC44891N208 · PPLI	COMMON STOCK	$6.2m	111,116
IAA INC449253103	COMMON STOCK	$920,000	28,881
ICU MED INC44930G107 · ICUI	COMMON	$32.6m	216,409
IPG PHOTONICS CORP44980X109 · IPGP	COMMON STOCK	$3.1m	36,717
IRHYTHM TECHNOLOGIES INC450056106 · IRTC	COMMON STOCK	$1.9m	14,766
ITT INC45073V108 · ITT	COMMON STOCK	$6.6m	100,448
IDEX CORP45167R104 · IEX	COMMON	$17.5m	87,691
IDEXX LABS INC45168D104 · IDXX	COMMON	$57.8m	177,500
ILLINOIS TOOL WKS INC452308109 · ITW	COMMON STOCK	$313.2m	1,733,940
ILLUMINA INC452327109 · ILMN	COMMON	$33.2m	173,839
INCYTE CORP45337C102 · INCY	COMMON STOCK	$12.3m	184,963
INFORMATICA INC45674M101	COMMON STOCK	$361,000	17,965
INGERSOLL RAND INC45687V106 · IR	COMMON STOCK	$100.1m	2,314,144
INGREDION INC457187102 · INGR	COMMON	$3.4m	42,074
INSULET CORP45784P101 · PODD	COMMON STOCK	$7.6m	33,195
INTEGRA LIFESCIENCES HLDGS C457985208 · IART	COMMON	$178.6m	4,215,548
INTEL CORP458140100 · INTC	COMMON STOCK	$231.6m	8,987,949
INTERACTIVE BROKERS GROUP IN45841N107 · IBKR	COMMON STOCK	$2.9m	44,943
INTERCONTINENTAL EXCHANGE IN45866F104 · ICE	COMMON	$99.4m	1,099,952
INTERNATIONAL BUSINESS MACHS459200101 · IBM	COMMON STOCK	$130.5m	1,098,016
GSK PLC37733W204 · GSK	COMMON	$1.9m	65,119
GLOBAL PMTS INC37940X102 · GPN	COMMON	$50.3m	465,718
GLOBAL X FDS37954Y343	MUTUAL FUND	$276,000	7,000
GLOBAL X FDS37954Y657	MUTUAL FUND	$22.7m	1,107,201
GLOBAL X FDS37954Y855	MUTUAL FUND	$612,000	9,255
GREEN DOT CORP39304D102 · GDOT	COMMON STOCK	$2.0m	107,289
GROCERY OUTLET HLDG CORP39874R101 · GO	COMMON STOCK	$832,000	25,000
HCA HEALTHCARE INC40412C101 · HCA	COMMON STOCK	$48.2m	262,238
HF FOODS GROUP INC40417F109 · HFFG	COMMON STOCK	$560,000	144,713
HEARTLAND FINL USA INC42234Q102	COMMON STOCK	$4.8m	111,235
HEALTHPEAK PROPERTIES INC42250P103 · DOC	COMMON	$80.2m	3,498,411
HERC HLDGS INC42704L104 · HRI	COMMON STOCK	$50.7m	487,855
HERITAGE FINL CORP WASH42722X106 · HFWA	COMMON STOCK	$416,000	15,699
HESS CORP42809H107	COMMON STOCK	$9.4m	86,349
HOMESTREET INC43785V102 · MCHB	COMMON STOCK	$1.4m	47,409
IDW MEDIA HLDGS INC44951N106	COMMON STOCK	$162,000	104,974
IES HLDGS INC44951W106 · IESC	COMMON STOCK	$1.4m	50,000
ISTAR INC45031U101	REIT	$2.8m	297,105
IHEARTMEDIA INC45174J509 · IHRT	COMMON STOCK	$6.6m	905,973
INARI MED INC45332Y109	COMMON STOCK	$49.9m	687,489
INDEPENDENT BANK GROUP INC45384B106	COMMON STOCK	$3.5m	56,912
INGEVITY CORP45688C107 · NGVT	COMMON STOCK	$577,000	9,517
INNOVIVA INC45781M101 · INVA	COMMON STOCK	$961,000	82,768
INTEGER HLDGS CORP45826H109 · ITGR	COMMON STOCK	$4.7m	75,648
INTELLIA THERAPEUTICS INC45826J105 · NTLA	COMMON STOCK	$560,000	10,009
INVESCO SR INCOME TR46131H107	MUTUAL FUND	$3.5m	942,100
INVESCO VALUE MUN INCOME TR46132P108	MUTUAL FUND	$269,000	23,366
INVESCO QUALITY MUN INCOME T46133G107	MUTUAL FUND	$365,000	40,007
INVESCO EXCHANGE TRADED FD T46137V142	MUTUAL FUND	$396,000	8,645
INVESCO EXCHANGE TRADED FD T46137V241	MUTUAL FUND	$1.1m	28,811
INVESCO EXCHANGE TRADED FD T46137V613	MUTUAL FUND	$643,000	4,636
INVITAE CORP46185L103	COMMON STOCK	$246,000	100,000
INVITATION HOMES INC46187W107 · INVH	COMMON	$42.8m	1,267,431
ISHARES TR46429B655	MUTUAL FUND	$532,000	10,583
ISHARES TR46429B689	MUTUAL FUND	$254,000	4,459
ISHARES TR46429B747	MUTUAL FUND	$13.2m	137,582
ISHARES TR46432F339	MUTUAL FUND	$2.7m	25,649
ISHARES TR46432F842	MUTUAL FUND	$43.2m	820,083
ISHARES INC46434G103	MUTUAL FUND	$7.4m	172,093
ISHARES INC46434G780	MUTUAL FUND	$5.9m	345,720
ISHARES INC46434G822	MUTUAL FUND	$226,000	4,622
ISHARES TR46434V100	MUTUAL FUND	$2.8m	59,533
ISHARES TR46434V407	MUTUAL FUND	$1.0m	25,303
ISHARES TR46434V613	MUTUAL FUND	$13.6m	306,291
ISHARES TR46434V696	MUTUAL FUND	$448,000	9,349
ISHARES TR46435G193	MUTUAL FUND	$331,000	15,211
ISHARES TR46435G243	MUTUAL FUND	$2.7m	115,033
ISHARES TR46435G318	MUTUAL FUND	$1.8m	71,902
ISHARES TR46435U218	MUTUAL FUND	$383,000	6,200
ISHARES TR46435U697	MUTUAL FUND	$1.7m	66,619
ISHARES TR46436E809	MUTUAL FUND	$1.8m	71,377
ISHARES TR46436E882	MUTUAL FUND	$2.9m	118,640
JPMORGAN CHASE & CO46625H365 · JPM	MUTUAL FUND	$770,000	38,382
JACOBS SOLUTIONS INC46982L108 · J	COMMON STOCK	$11.2m	102,896
JD.COM INC47215P106 · JD	AMERICAN DEPOSITARY RECEIPT	$488,000	9,710
ZIFF DAVIS INC48123V102 · ZD	COMMON STOCK	$793,000	11,586
KEARNY FINL CORP MD48716P108 · KRNY	COMMON STOCK	$1.3m	118,000
KINDER MORGAN INC DEL49456B101 · KMI	COMMON STOCK	$5.1m	304,757
KONTOOR BRANDS INC50050N103 · KTB	COMMON STOCK	$13.7m	406,115
KYNDRYL HLDGS INC50155Q100 · KD	COMMON STOCK	$770,000	93,101
LCI INDS50189K103 · LCII	COMMON STOCK	$888,000	8,750
LENDINGCLUB CORP52603A208 · HAPN	COMMON STOCK	$176,000	15,938
LIGAND PHARMACEUTICALS INC53220K504 · LGND	COMMON STOCK	$431,000	5,000
LIVE OAK BANCSHARES INC53803X105 · LOB	COMMON STOCK	$827,000	27,036
LIVERAMP HLDGS INC53815P108 · RAMP	COMMON STOCK	$388,000	21,368
INTERNATIONAL FLAVORS&FRAGRA459506101 · IFF	COMMON STOCK	$10.7m	117,389
INTERPUBLIC GROUP COS INC460690100	COMMON STOCK	$12.9m	504,538
AAON INC000360206 · AAON	COMMON	$56.9m	1,055,187
ADT INC DEL00090Q103 · ADT	COMMON STOCK	$538,000	71,839
AFLAC INC001055102 · AFL	COMMON STOCK	$97.0m	1,725,743
AGCO CORP001084102 · AGCO	COMMON STOCK	$12.3m	128,015
AES CORP00130H105 · AES	COMMON STOCK	$12.8m	568,572
AMC ENTMT HLDGS INC00165C104	COMMON STOCK	$1.5m	220,477
AMN HEALTHCARE SVCS INC001744101 · AMN	COMMON STOCK	$1.5m	14,287
ASGN INC00191U102 · EFOR	COMMON STOCK	$27.9m	308,669
AT&T INC00206R102 · T	COMMON	$65.7m	4,285,448
ABBOTT LABS002824100 · ABT	COMMON	$394.3m	4,074,583
ABBVIE INC00287Y109 · ABBV	COMMON	$565.4m	4,212,972
ABIOMED INC003654100	COMMON STOCK	$31.1m	126,759
ACUITY BRANDS INC00508Y102 · AYI	COMMON STOCK	$6.6m	41,850

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 Eaton Vance Management'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 −31.9% (S&P 500 −31.8%); beta 1.01; alpha +0.7% a year (t = 1.32); last 12 months −6.0% against −7.2%.

Reported value by quarter

Eaton Vance Management: 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	$33B
2013-09-30	$33.3B
2013-12-31	$34.8B
2014-03-31	$33.9B
2014-06-30	$67.7B
2014-09-30	$33.5B
2014-12-31	$33.9B
2015-03-31	$33.2B
2015-06-30	$32.7B
2015-09-30	$32.5B
2015-12-31	$33.7B
2016-03-31	$32.5B
2016-06-30	$34.3B
2016-09-30	$34.7B
2016-12-31	$35.5B
2017-03-31	$37.2B
2017-06-30	$38.1B
2017-09-30	$38.7B
2017-12-31	$41.3B
2018-03-31	$80.5B
2018-06-30	$42B
2018-09-30	$45.1B
2018-12-31	$38.5B
2019-03-31	$43.6B
2019-06-30	$45.7B
2019-09-30	$46.6B
2019-12-31	$51.1B
2020-03-31	$41.1B
2020-06-30	$49.3B
2020-09-30	$54.4B
2020-12-31	$126.6B
2021-03-31	$67.4B
2021-06-30	$74.1B
2021-09-30	$71.9B
2021-12-31	$82B
2022-03-31	$86.7B
2022-06-30	$71.3B
2022-09-30	$67.5B

Latest covered holdings and moves

Covered holdings as of September 30, 2022.

Company	Share of portfolio	Value	Shares	Change in shares
AAPLApple Inc.	5.72%	$3.9bn	27.91M	+0.4%
MSFTMicrosoft Corporation	4.19%	$2.8bn	12.12M	+2.2% Added
AMZNAmazon	2.97%	$2.0bn	17.73M	+1.7% Added
LLYLilly (Eli)	1.60%	$1.1bn	3.33M	−5.0% Reduced
GOOGLAlphabet Inc. (Class A)	1.56%	$1.1bn	11.03M	+1928.8% Added
UNHUnitedHealth Group	1.50%	$1.0bn	2.00M	−0.6% Reduced
JNJJohnson & Johnson	1.22%	$823.0m	5.04M	−8.6% Reduced
JPMJPMorgan Chase	1.21%	$812.8m	7.81M	−0.4%
PEPPepsiCo	1.02%	$690.1m	4.23M	+7.6% Added
DISThe Walt Disney Company	0.99%	$665.5m	7.05M	+3.8% Added
COSTCostco	0.94%	$633.1m	1.34M	−0.1%
VVisa Inc.	0.93%	$627.8m	3.53M	−4.4% Reduced
TMOThermo Fisher Scientific	0.91%	$614.0m	1.21M	+2.5% Added
NEENextEra Energy	0.90%	$609.5m	7.77M	+4.6% Added
TSLATesla, Inc.	0.89%	$597.6m	2.25M	+296.2% Added
ABBVAbbVie	0.84%	$565.4m	4.21M	+3.2% Added
PGProcter & Gamble	0.80%	$541.6m	4.29M	−2.1% Reduced
KOThe Coca-Cola Company	0.77%	$520.0m	9.28M	+2.2% Added
ACNAccenture	0.76%	$515.7m	2.00M	+0.1%
GSGoldman Sachs	0.76%	$512.8m	1.75M	−5.5% Reduced
BMYBristol Myers Squibb	0.75%	$506.8m	7.13M	−2.3% Reduced
TXNTexas Instruments	0.74%	$500.0m	3.23M	+1.4% Added
METAMeta Platforms	0.71%	$482.0m	3.55M	−5.9% Reduced
QCOMQualcomm	0.70%	$470.6m	4.17M	−4.2% Reduced
ANETArista Networks	0.70%	$469.2m	4.16M	−3.0% Reduced
CVXChevron Corporation	0.66%	$443.9m	3.09M	−0.2%
NVDANVIDIA Corporation	0.66%	$443.2m	3.65M	−1.0% Reduced
WFCWells Fargo	0.60%	$405.9m	10.09M	−3.7% Reduced
SCHWCharles Schwab Corporation	0.60%	$404.9m	5.63M	−10.6% Reduced
ABTAbbott Laboratories	0.58%	$394.3m	4.07M	+0.6% Added
EOGEOG Resources	0.57%	$385.2m	3.45M	0.0%
COPConocoPhillips	0.56%	$375.9m	3.67M	+1.3% Added
DHRDanaher Corporation	0.54%	$362.4m	1.40M	+4.8% Added
BACBank of America	0.50%	$339.8m	11.25M	+1.7% Added
NKENike, Inc.	0.50%	$338.3m	4.07M	−8.3% Reduced
MRKMerck & Co.	0.49%	$331.5m	3.85M	+0.7% Added
CSCOCisco	0.49%	$330.7m	8.27M	0.0%
SBUXStarbucks	0.49%	$329.6m	3.91M	+2.1% Added
LOWLowe's	0.48%	$323.7m	1.72M	−16.4% Reduced
ITWIllinois Tool Works	0.46%	$313.2m	1.73M	−0.1%
PFEPfizer	0.46%	$311.8m	7.13M	−6.4% Reduced
MDLZMondelez International	0.45%	$300.3m	5.48M	+0.1%
HDThe Home Depot	0.44%	$294.3m	1.07M	+7.9% Added
TJXTJX Companies	0.42%	$285.6m	4.60M	−2.5% Reduced
CVSCVS Health	0.42%	$284.7m	2.99M	−0.2%
AMGNAmgen	0.41%	$275.7m	1.22M	+0.3%
ADBEAdobe Inc.	0.40%	$270.8m	984.1K	−2.9% Reduced
UPSUnited Parcel Service	0.39%	$265.1m	1.64M	−11.1% Reduced
VZVerizon	0.39%	$264.6m	6.97M	−8.8% Reduced
UNPUnion Pacific Corporation	0.39%	$264.3m	1.36M	−1.0% Reduced
ZTSZoetis	0.39%	$260.9m	1.76M	−1.4% Reduced
MAMastercard	0.38%	$257.5m	905.8K	+6.7% Added
CLColgate-Palmolive	0.38%	$256.3m	3.65M	−0.2%
ISRGIntuitive Surgical	0.37%	$250.5m	1.34M	+2.6% Added
INTUIntuit	0.36%	$242.9m	627.2K	+5.3% Added
MARMarriott International	0.35%	$238.6m	1.70M	−5.2% Reduced
SPGIS&P Global	0.35%	$236.7m	775.3K	−4.7% Reduced
INTCIntel	0.34%	$231.6m	8.99M	−14.5% Reduced
MUMicron Technology	0.34%	$228.1m	4.55M	+24.6% Added
PAYCPaycom Software, Inc.	0.34%	$227.4m	689.0K	+1.4% Added
EGPEastgroup Properties Inc	0.34%	$226.2m	1.57M	−4.7% Reduced
ADPAutomatic Data Processing	0.32%	$217.8m	963.0K	−2.3% Reduced
ORLYO'Reilly Automotive	0.32%	$213.8m	304.0K	0.0%
WMWaste Management	0.31%	$211.6m	1.32M	−3.2% Reduced
RTXRTX Corporation	0.31%	$206.8m	2.53M	+1.1% Added
CMGChipotle Mexican Grill	0.30%	$202.4m	134.7K	−0.2%
ELVElevance Health	0.30%	$202.0m	444.6K	−18.8% Reduced
EMREmerson Electric	0.29%	$195.5m	2.67M	−4.1% Reduced
ECLEcolab	0.28%	$191.3m	1.32M	+0.1%
SYKStryker Corporation	0.28%	$185.4m	915.6K	+2.3% Added
AXPAmerican Express	0.27%	$183.1m	1.36M	−0.5% Reduced
MTBM&T Bank	0.27%	$178.8m	1.01M	−21.4% Reduced
IARTIntegra Lifesciences Holdings Corp	0.27%	$178.6m	4.22M	−0.3%
LNGCheniere Energy, Inc.	0.26%	$178.3m	1.07M	−12.8% Reduced
SRESempra	0.26%	$174.3m	1.16M	−2.7% Reduced
BSXBoston Scientific	0.25%	$169.9m	4.39M	+2.2% Added
AVGOBroadcom	0.25%	$168.1m	378.6K	+1.8% Added
CRMSalesforce	0.25%	$166.2m	1.16M	+9.1% Added
PANWPalo Alto Networks	0.25%	$166.1m	1.01M	+199.0% Added
TFCTruist Financial	0.24%	$162.5m	3.73M	−0.3%
ADIAnalog Devices	0.24%	$161.8m	1.16M	−0.6% Reduced
TMUST-Mobile US	0.24%	$161.1m	1.20M	+30.0% Added
AMEAmetek	0.24%	$160.8m	1.42M	+7.2% Added
CMCSAComcast	0.23%	$157.9m	5.38M	+0.8% Added
CATCaterpillar Inc.	0.23%	$157.7m	961.2K	−11.1% Reduced
WABWabtec	0.23%	$155.5m	1.91M	−4.9% Reduced
HSYThe Hershey Company	0.23%	$153.8m	697.6K	+17.6% Added
DLTRDollar Tree	0.23%	$152.7m	1.12M	+48.0% Added
PFGCPerformance Food Group Co	0.22%	$148.0m	3.45M	−4.2% Reduced
SYYSysco	0.22%	$147.4m	2.08M	−8.7% Reduced
MCDMcDonald's	0.22%	$146.7m	635.6K	+0.3%
AIGAmerican International Group	0.21%	$144.9m	3.05M	+7.4% Added
UBERUber	0.21%	$143.6m	5.42M	+2.2% Added
NBIXNeurocrine Biosciences Inc	0.21%	$143.2m	1.35M	−8.3% Reduced
ELThe Estée Lauder Companies	0.21%	$142.1m	658.3K	+1.3% Added
BJBj's Wholesale Club Holdings, Inc.	0.21%	$139.1m	1.91M	+0.7% Added
DEDeere & Company	0.20%	$137.2m	410.9K	+0.4%
ETNEaton Corporation	0.20%	$136.2m	1.02M	+6.3% Added
FISFidelity National Information Services	0.20%	$135.1m	1.79M	−7.7% Reduced
MSMorgan Stanley	0.20%	$135.1m	1.71M	−15.7% Reduced
PGRProgressive Corporation	0.20%	$134.9m	1.16M	+0.5% Added
STZConstellation Brands	0.20%	$133.4m	580.9K	+2.5% Added
WMTWalmart	0.20%	$132.5m	1.02M	−0.8% Reduced
MCHPMicrochip Technology Inc	0.20%	$132.4m	2.17M	−0.3%
VRTXVertex Pharmaceuticals	0.19%	$130.6m	451.0K	+0.3%
IBMIBM	0.19%	$130.5m	1.10M	−1.0% Reduced
GILDGilead Sciences	0.19%	$128.9m	2.09M	+1.1% Added
NSCNorfolk Southern	0.19%	$128.1m	611.1K	+0.5%
CMSCMS Energy	0.19%	$127.1m	2.18M	−4.9% Reduced
BKNGBooking Holdings	0.18%	$124.8m	76.0K	−0.2%
BABoeing	0.18%	$124.7m	1.03M	−0.5% Reduced
HHyatt Hotels Corp	0.18%	$123.8m	1.53M	−0.1%
HXLHexcel Corp	0.18%	$123.5m	2.39M	−5.0% Reduced
ARGXArgenx SE	0.18%	$123.0m	348.5K	+0.4%
HIIHuntington Ingalls Industries	0.18%	$122.2m	551.8K	−3.1% Reduced
CDNSCadence Design Systems Inc	0.18%	$121.8m	745.1K	−0.5%
ZBHZimmer Biomet	0.18%	$121.0m	1.16M	−5.4% Reduced
MDTMedtronic	0.18%	$120.5m	1.49M	+3.4% Added
SFStifel Financial Corp	0.18%	$120.4m	2.32M	+52.8% Added
NFLXNetflix	0.18%	$120.3m	511.1K	−0.3%
FMCFMC Corp	0.18%	$120.0m	1.14M	−7.3% Reduced
PNCPNC Financial Services	0.18%	$119.8m	801.5K	−3.7% Reduced
STTState Street Corporation	0.18%	$119.1m	1.96M	+15.0% Added
FASTFastenal	0.18%	$118.8m	2.58M	+0.7% Added
CSXCSX Corporation	0.17%	$117.6m	4.42M	−10.7% Reduced
PMPhilip Morris International	0.17%	$116.8m	1.41M	−21.4% Reduced
MAAMid-America Apartment Communities	0.17%	$114.3m	737.3K	−13.7% Reduced
AAgilent Technologies	0.17%	$114.2m	939.5K	−3.3% Reduced
CCitigroup	0.17%	$112.5m	2.70M	−1.5% Reduced
ALLAllstate	0.17%	$111.2m	892.6K	−29.8% Reduced
AJGArthur J. Gallagher & Co.	0.16%	$109.5m	639.3K	−0.6% Reduced
JCIJohnson Controls	0.16%	$108.8m	2.21M	−7.8% Reduced
NVONovo Nordisk A S	0.16%	$108.5m	1.09M	+289.1% Added
NOWServiceNow	0.16%	$108.5m	287.3K	−2.0% Reduced
DUKDuke Energy	0.16%	$105.7m	1.14M	+0.1%
CBZCbiz, Inc.	0.15%	$103.7m	2.42M	−1.4% Reduced
CRWDCrowdStrike	0.15%	$102.6m	622.6K	+5.2% Added
CDWCDW Corporation	0.15%	$101.8m	652.0K	+8.5% Added
WATWaters Corporation	0.15%	$101.8m	377.5K	−14.9% Reduced
ORCLOracle Corporation	0.15%	$101.4m	1.66M	−0.4%
IRIngersoll Rand	0.15%	$100.1m	2.31M	−2.0% Reduced
ICEIntercontinental Exchange	0.15%	$99.4m	1.10M	+15.4% Added
AFLAflac	0.14%	$97.0m	1.73M	−0.3%
CHRWC.H. Robinson	0.14%	$96.7m	1.00M	−27.7% Reduced
VRSKVerisk Analytics, Inc.	0.14%	$96.0m	562.9K	+43.6% Added
FISVFiserv	0.14%	$95.8m	1.02M	−0.2%
TYLTyler Technologies Inc	0.14%	$95.8m	275.6K	+1.9% Added
MMM3M	0.14%	$93.1m	842.4K	−24.9% Reduced
CBSHCommerce Bancshares Inc	0.14%	$92.9m	1.40M	+0.6% Added
LIILennox International	0.14%	$92.0m	413.0K	−0.2%

Company	Bought (value)	Shares
GOOGLAlphabet Inc. (Class A)	$1.0bn	10.49M
TSLATesla, Inc.	$446.8m	1.68M
PANWPalo Alto Networks	$110.5m	674.9K
NVONovo Nordisk A S	$80.6m	809.1K
CFGCitizens Financial Group	$71.7m	2.09M
HALHalliburton	$70.7m	2.87M
MSFTMicrosoft Corporation	$59.6m	255.9K
CEGConstellation Energy	$50.7m	609.2K
DLTRDollar Tree	$49.5m	364.0K
PEPPepsiCo	$49.0m	300.2K
MUMicron Technology	$45.1m	899.7K
SFStifel Financial Corp	$41.6m	801.1K
TMUST-Mobile US	$37.1m	276.8K
NEOGNeogen Corp	$35.7m	2.55M
AMZNAmazon	$33.7m	298.7K

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

Company	Sold (value)	Shares
JNJJohnson & Johnson	−$77.6m	−474.7K
LOWLowe's	−$63.7m	−339.3K
LLYLilly (Eli)	−$56.8m	−175.6K
MTBM&T Bank	−$48.8m	−276.6K
SCHWCharles Schwab Corporation	−$47.9m	−666.6K
ALLAllstate	−$47.3m	−379.4K
ELVElevance Health	−$46.8m	−103.1K
FOXAFox Corporation (Class A)	−$46.5m	−1.52M
INTCIntel	−$39.2m	−1.52M
CHRWC.H. Robinson	−$37.0m	−384.2K
UPSUnited Parcel Service	−$33.1m	−205.1K
PMPhilip Morris International	−$31.9m	−384.1K
HLTHilton Worldwide	−$31.3m	−259.2K
MMM3M	−$30.9m	−279.8K
NKENike, Inc.	−$30.5m	−366.5K

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

Company	Value last quarter	Shares
RBCRBC Bearings Inc	$1.7m	9.1K
HUBGHub Group, Inc.	$945,000	13.3K
LILi Auto Inc.	$744,000	19.4K
HTHTH World Group Ltd	$638,000	16.7K
BILIBilibili Inc.	$550,000	21.5K
ZTOZTO Express (cayman) Inc.	$467,000	17.0K
ONCBeone Medicines Ltd.	$338,000	2.1K
NCLHNorwegian Cruise Line Holdings	$323,000	29.0K
BEKEKE Holdings Inc.	$320,000	17.8K
DQDaqo NEW Energy Corp.	$271,000	3.8K
ATHMAutohome Inc.	$254,000	6.5K
CRNCCerence Inc.	$249,000	9.9K
EPREPR Properties	$235,000	5.0K
SESea Ltd	$202,000	3.0K
TALTAL Education Group	$110,000	22.4K
NLYAnnaly Capital Management Inc	$78,000	13.2K
BTGB2gold Corp	$48,000	14.2K

Technology23.2%
Health Care17.6%
Financials14.3%
Consumer Discretionary11.4%
Industrials10.4%
Consumer Staples8.1%
Communication Services5.4%
Energy3.1%
Utilities2.9%
Materials1.9%
Real Estate1.8%

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 February 24, 2023	+12.5%	+11.6%	0.72	0.69	−31.9%	1.01
2018 onwardsJanuary 5, 2018 to February 24, 2023	+10.1%	+9.3%	0.50	0.47	−31.9%	1.01
Last three yearsFebruary 28, 2020 to February 24, 2023	+12.2%	+12.0%	0.57	0.57	−24.1%	1.00
Last yearFebruary 25, 2022 to February 24, 2023	−7.0%	−8.0%	−0.32	−0.38	−19.5%	1.01

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.