Institution

First Mercantile Trust Co

13F for September 30, 2021, filed November 24, 2021 · SEC CIK 1259664 · Holdings history from June 30, 2008

The latest available holdings for this manager are dated September 30, 2021.

Reported value: $755.2m
Positions we cover: 652
Copy, a year: +7.9%
Copy Sharpe ratio: 0.57

Copy-performance statistics: February 8, 2008 to March 11, 2022. 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 Massachusetts Mutual Life Insurance Co · SEC notice for June 30, 2015

Holdings date Find a security

837 reported entries for September 30, 2021.

Issuer	Class / type	Reported value	Quantity
Pacira Biosciences Com695127100 · PCRX	COM	$233,000	4,159
Pactiv Evergreen Inc69526K105	COM	$125,000	9,992
Palo Alto Networks Inc697435105 · PANW	COM	$636,000	1,327
Pan American Silver Corp697900108 · PAAS	COM	$232,000	9,949
Papa Johns International Inc698813102 · PZZA	COM	$214,000	1,685
Parker-Hannifin Corp701094104 · PH	COM	$58,000	208
Patrick Industries Inc703343103 · PATK	COM	$162,000	1,942
Paya Holdings Inc70434P103	COM	$174,000	16,040
Paycom Software Inc70432V102 · PAYC	COM	$1.8m	3,551
PayPal Holdings Inc70450Y103 · PYPL	COM	$2.3m	8,909
Pegasystems Inc705573103 · PEGA	COM	$150,000	1,181
Peloton Interactive Inc70614W100 · PTON	COM	$827,000	9,500
Penn National Gaming Inc707569109 · PENN	COM	$130,000	1,799
Penske Automotive Group Inc70959W103 · PAG	COM	$41,000	410
Pepsico Incorporated713448108 · PEP	COM	$2.7m	17,710
Perdoceo Ed Corp71363P106 · PRDO	COM	$230,000	21,773
Perficient Inc71375U101	COM	$265,000	2,288
Performance Food Group Co71377A103 · PFGC	COM	$212,000	4,560
Perkinelmer Inc714046109 · RVTY	COM	$53,000	303
Perrigo CoG97822103 · PRGO	COM	$182,000	3,844
Philip Morris International Inc.718172109 · PM	COM	$836,000	8,823
Phillips 66718546104 · PSX	COM	$719,000	10,264
Physicians Realty Trust71943U104	COM	$354,000	20,079
Piedmont Office Realty Trust Inc Cl A720190206 · PDM	COM	$128,000	7,348
Pinnacle Financial Partners Inc72346Q104	COM	$284,000	3,027
Pitney Bowes Inc724479100 · PBI	COM	$109,000	15,105
Planet Fitness Inc Cl A72703H101 · PLNT	CL A	$683,000	8,690
PNC Financial Service Corp693475105 · PNC	COM	$244,000	1,245
Polaris Inc731068102 · PII	COM	$27,000	228
Popular Inc733174700 · BPOP	COM	$313,000	4,029
Portland General Electric736508847 · POR	COM	$176,000	3,736
Post Holdings Inc737446104 · POST	COM	$123,000	1,118
PotlatchDeltic Corp737630103	COM	$87,000	1,679
Power Integrations Inc739276103 · POWI	COM	$212,000	2,144
PPL Corp69351T106 · PPL	COM	$206,000	7,372
Primerica Inc74164M108 · PRI	COM	$20,000	131
Primoris Svcs Corp74164F103 · PRIM	COM	$103,000	4,187
Principal Financial Group Inc74251V102 · PFG	COM	$65,000	1,006
ProAssurance Corp74267C106	COM	$93,000	3,912
Procter & Gamble Co742718109 · PG	COM	$2.9m	20,669
Progress Software Corp743312100 · PRGS	COM	$118,000	2,403
Progressive Corp743315103 · PGR	COM	$150,000	1,660
Prosperity Bancshares Inc743606105 · PB	COM	$22,000	312
Prudential Financial Inc744320102 · PRU	COM	$249,000	2,367
PS Business Parks Inc69360J107	COM	$160,000	1,022
PTC Therapeutics Inc69366J200 · PTCT	COM	$88,000	2,371
Public Service Enterprise Group Inc744573106 · PEG	COM	$176,000	2,901
Public Storage Inc74460D109 · PSA	COM	$80,000	270
Pulte Group745867101 · PHM	COM	$287,000	6,236
PVH Corp693656100 · PVH	COM	$132,000	1,289
Q2 Hldgs Inc74736L109 · QTWO	COM	$106,000	1,325
Qiagen NV Foreign IssueN72482123	SHS NEW	$151,000	2,928
Qorvo Inc74736K101	COM	$386,000	2,309
QUALCOMM Incorporated747525103 · QCOM	COM	$123,000	950
Quanta Services Inc74762E102 · PWR	COM	$678,000	5,958
Quanterix Corp74766Q101 · QTRX	COM	$89,000	1,796
Quest Diagnostic Inc74834L100 · DGX	COM	$240,000	1,648
R1 RCM Inc749397105	COM	$226,000	10,266
Radian Group Inc750236101 · RDN	COM	$15,000	650
Radius Global Infrastructure Inc750481103	COM	$221,000	13,556
Ralph Lauren Corp751212101 · RL	COM	$199,000	1,790
Ranpak Holdings Corp75321W103 · PACK	COM	$30,000	1,100
Rapid7 Inc753422104 · RPD	COM	$216,000	1,908
RAPT Therapeutics Inc75382E109	COM	$69,000	2,238
Raymond James Financial754730109 · RJF	COM	$310,000	3,361
Raytheon Technologies Corp75513E101 · RTX	COM	$619,000	7,196
Reata Pharmaceuticals Inc-Cl A75615P103	CL A	$73,000	721
Redfin Corporation Com75737F108	COM	$71,000	1,423
Regal Rexnord Corporation758750103 · RRX	COM	$287,000	1,910
Regeneron Pharmaceuticals75886F107 · REGN	COM	$126,000	208
Regions Financial Corp7591EP100 · RF	COM	$291,000	13,660
Reinsurance Grp of America759351604 · RGA	COM	$107,000	963
Reliance Steel And Aluminum Co759509102 · RS	COM	$266,000	1,864
Repay Hldgs Corp A76029L100 · RPAY	COM	$135,000	5,850
ResMed Inc761152107 · RMD	COM	$801,000	3,037
Revance Therapeutics Inc761330109	COM	$85,000	3,066
REVOLUTION Medicines Inc76155X100 · RVMD	COM	$51,000	1,853
Rexford Industrial Realty Inc76169C100 · REXR	COM	$138,000	2,433
RLJ Lodging Trust74965L101 · RLJ	COM	$157,000	10,546
Robert Half Intl770323103 · RHI	COM	$403,000	4,023
Rogers Corp775133101 · ROG	COM	$288,000	1,542
Roku Inc Com Cl A77543R102 · ROKU	COM CL A	$236,000	753
Ross Stores Inc778296103 · ROST	COM	$195,000	1,789
RPT Realty74971D101	SH BEN INT	$155,000	12,159
Ryman Hospitality Properties Inc78377T107 · RHP	COM	$142,000	1,693
S&P Global Inc78409V104 · SPGI	COM	$123,000	290
Sally Beauty Holdings Inc79546E104 · SBH	COM	$156,000	9,250
Sarepta Therapeutics Inc803607100 · SRPT	COM	$103,000	1,116
SBA Communications Corp78410G104 · SBAC	CL A	$271,000	819
Schneider National Inc Com Cl B80689H102 · SNDR	COM	$487,000	21,406
Scholar Rock Hldg Corp80706P103 · SRRK	COM	$59,000	1,773
Schwab U.S. Dividend Equity ETF808524797	ETF	$16.7m	225,499
Schwab U.S. Large-Cap ETF808524201	ETF	$85.0m	817,225
Schwab U.S. Mid-Cap ETF808524508	ETF	$45.8m	597,909
Schwab U.S. Small-Cap ETF808524607	ETF	$35.2m	351,572
Science Applications International Corp808625107 · SAIC	COM	$223,000	2,605
Scientific Games Corp80874P109	COM	$216,000	2,600
Scorpio Tankers IncY7542C130	COM	$27,000	1,468
Sea Limited Ads Each Rep One Class A Ord Shs81141R100 · SE	COM	$932,000	2,925
General Motors Co37045V100 · GM	COM	$274,000	5,206

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 First Mercantile Trust Co's usable filed holdings in companies we cover from February 8, 2008, 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 −35.4% (S&P 500 −50.8%); beta 0.48; alpha +2.5% a year (t = 0.89); last 12 months +0.8% against +11.0%.

Reported value by quarter

First Mercantile Trust Co: 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	$1.2B
2013-09-30	$1.2B
2013-12-31	$1.3B
2014-03-31	$1.4B
2014-06-30	$1.3B
2014-09-30	$1.2B
2014-12-31	$1.2B
2015-03-31	$1.2B
2015-06-30	$1.2B
2015-09-30	$994.2M
2015-12-31	$975.3M
2016-03-31	$821.7M
2016-06-30	$802.9M
2016-09-30	$750.4M
2016-12-31	$646.6M
2017-03-31	$658.4M
2017-06-30	$553.7M
2017-09-30	$552.8M
2017-12-31	$510.8M
2018-03-31	$477.6M
2018-06-30	$500.6M
2018-09-30	$508.4M
2018-12-31	$413.1M
2019-03-31	$426.2M
2019-06-30	$949.1M
2019-09-30	$939.1M
2019-12-31	$859.1M
2020-03-31	$683.3M
2020-06-30	$796.7M
2020-09-30	$829.6M
2020-12-31	$882.2M
2021-03-31	$873.4M
2021-06-30	$846.9M
2021-09-30	$755.2M

Latest covered holdings and moves

Covered holdings as of September 30, 2021.

Company	Share of portfolio	Value	Shares	Change in shares
MSFTMicrosoft Corporation	1.02%	$7.7m	27.3K	−5.1% Reduced
AMZNAmazon	0.72%	$5.4m	1.7K	−2.8% Reduced
TSLATesla, Inc.	0.63%	$4.8m	6.2K	+4.0% Added
JNJJohnson & Johnson	0.55%	$4.2m	25.9K	+1.4% Added
VVisa Inc.	0.47%	$3.5m	15.9K	+0.6% Added
UNHUnitedHealth Group	0.46%	$3.5m	8.8K	−27.6% Reduced
CBChubb Limited	0.46%	$3.4m	19.8K	+5.1% Added
MELIMercadolibre Inc	0.45%	$3.4m	2.0K	−7.9% Reduced
SHOPShopify Inc.	0.45%	$3.4m	2.5K	−12.7% Reduced
NKENike, Inc.	0.44%	$3.3m	23.0K	−10.0% Reduced
MDTMedtronic	0.44%	$3.3m	26.6K	−4.4% Reduced
UBERUber	0.42%	$3.2m	70.9K	+1.2% Added
AAPLApple Inc.	0.42%	$3.2m	22.3K	−3.8% Reduced
TJXTJX Companies	0.41%	$3.1m	47.2K	+1.1% Added
AXPAmerican Express	0.41%	$3.1m	18.3K	−3.5% Reduced
NOCNorthrop Grumman	0.40%	$3.0m	8.3K	+4.8% Added
CLColgate-Palmolive	0.39%	$2.9m	38.7K	+2.7% Added
MRSHMarsh McLennan	0.38%	$2.9m	19.1K	−10.4% Reduced
PGProcter & Gamble	0.38%	$2.9m	20.7K	+12.1% Added
SNOWSnowflake Inc.	0.37%	$2.8m	9.3K	−1.5% Reduced
MCDMcDonald's	0.35%	$2.7m	11.1K	−1.7% Reduced
PEPPepsiCo	0.35%	$2.7m	17.7K	−2.8% Reduced
NVDANVIDIA Corporation	0.35%	$2.6m	12.7K	+225.9% Added
TTDTrade Desk, Inc.	0.33%	$2.5m	35.4K	−5.2% Reduced
ACNAccenture	0.32%	$2.4m	7.4K	−6.9% Reduced
NFLXNetflix	0.31%	$2.3m	3.8K	−11.1% Reduced
PYPLPayPal	0.31%	$2.3m	8.9K	−37.6% Reduced
TWLOTwilio Inc	0.31%	$2.3m	7.2K	−5.7% Reduced
NOWServiceNow	0.30%	$2.3m	3.7K	−25.8% Reduced
UNPUnion Pacific Corporation	0.30%	$2.3m	11.6K	+0.1%
XYZBlock, Inc.	0.29%	$2.2m	9.1K	−17.2% Reduced
VEEVVeeva Systems Inc	0.28%	$2.1m	7.3K	+0.9% Added
KOThe Coca-Cola Company	0.27%	$2.0m	38.6K	−4.9% Reduced
SNAPSnap Inc	0.26%	$2.0m	26.6K	+12.2% Added
ABNBAirbnb	0.26%	$1.9m	11.6K	+2.7% Added
LMTLockheed Martin	0.26%	$1.9m	5.6K	+13.7% Added
OKTAOkta, Inc.	0.25%	$1.9m	8.0K	−8.3% Reduced
ZMZoom Communications, Inc.	0.25%	$1.9m	7.1K	+16.0% Added
PAYCPaycom Software, Inc.	0.23%	$1.8m	3.6K	−13.7% Reduced
JPMJPMorgan Chase	0.23%	$1.7m	10.5K	−8.8% Reduced
MAMastercard	0.23%	$1.7m	4.9K	+9.8% Added
SPTSprout Social, Inc.	0.22%	$1.7m	13.6K	+7.8% Added
CHTRCharter Communications	0.22%	$1.6m	2.3K	−6.6% Reduced
CZRCaesars Entertainment, Inc.	0.22%	$1.6m	14.6K	−5.7% Reduced
ECLEcolab	0.21%	$1.6m	7.8K	−4.0% Reduced
DDOGDatadog, Inc.	0.21%	$1.6m	11.4K	+5.2% Added
BAXBaxter International	0.21%	$1.6m	19.4K	−4.9% Reduced
KKRKKR & Co.	0.20%	$1.5m	25.0K	−15.2% Reduced
UPSUnited Parcel Service	0.20%	$1.5m	8.3K	−4.7% Reduced
ORCLOracle Corporation	0.20%	$1.5m	17.2K	−8.2% Reduced
ALGNAlign Technology	0.19%	$1.4m	2.2K	−7.2% Reduced
MTCHMatch Group, Inc.	0.19%	$1.4m	9.1K	−1.9% Reduced
AMTAmerican Tower	0.18%	$1.4m	5.1K	−23.2% Reduced
CMCSAComcast	0.17%	$1.3m	23.3K	+0.6% Added
LOWLowe's	0.17%	$1.3m	6.3K	−18.1% Reduced
ZZillow Group, Inc.	0.17%	$1.3m	14.6K	−9.1% Reduced
AONAon plc	0.17%	$1.3m	4.4K	−17.9% Reduced
WMWaste Management	0.16%	$1.2m	8.2K	−8.0% Reduced
TDOCTeladoc Health, Inc.	0.16%	$1.2m	9.6K	+1.1% Added
ISRGIntuitive Surgical	0.15%	$1.1m	1.1K	−22.1% Reduced
GOOGLAlphabet Inc. (Class A)	0.14%	$1.1m	398	−5.2% Reduced
ADBEAdobe Inc.	0.14%	$1.1m	1.8K	−15.1% Reduced
KMIKinder Morgan	0.14%	$1.0m	62.1K	+15.3% Added
MATMattel Inc	0.13%	$972,000	52.4K	−7.6% Reduced
EPAMEPAM Systems, Inc.	0.13%	$964,000	1.7K	+16.2% Added
CNPCenterPoint Energy	0.13%	$957,000	38.9K	−26.5% Reduced
BLDRBuilders Firstsource, Inc.	0.13%	$954,000	18.4K	−10.1% Reduced
ASMLAsml Holding NV	0.12%	$935,000	1.3K	−12.8% Reduced
SESea Ltd	0.12%	$932,000	2.9K	+67.1% Added
UUnity Software Inc.	0.12%	$931,000	7.4K	−8.7% Reduced
DEDeere & Company	0.12%	$925,000	2.8K	+71.8% Added
CVSCVS Health	0.12%	$924,000	10.9K	−4.9% Reduced
WFCWells Fargo	0.12%	$914,000	19.7K	−41.8% Reduced
LULULululemon Athletica	0.12%	$910,000	2.2K	−11.6% Reduced
USBU.S. Bancorp	0.12%	$905,000	15.2K	−5.3% Reduced
MPCMarathon Petroleum	0.12%	$889,000	14.4K	+7.5% Added
CHWYChewy, Inc.	0.11%	$858,000	12.6K	+1.3% Added
FDXFedEx	0.11%	$855,000	3.9K	+33.7% Added
SYKStryker Corporation	0.11%	$843,000	3.2K	New
CICigna	0.11%	$837,000	4.2K	+3.6% Added
PMPhilip Morris International	0.11%	$836,000	8.8K	−5.9% Reduced
PTONPeloton Interactive, Inc.	0.11%	$827,000	9.5K	−7.1% Reduced
DHRDanaher Corporation	0.11%	$825,000	2.7K	−4.9% Reduced
MDUMDU Resources Group Inc	0.11%	$822,000	27.7K	+7.6% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.11%	$808,000	7.2K	−12.8% Reduced
AAgilent Technologies	0.11%	$802,000	5.1K	−5.9% Reduced
BACBank of America	0.11%	$801,000	18.9K	−11.5% Reduced
RMDResMed\|	0.11%	$801,000	3.0K	−12.3% Reduced
SRESempra	0.10%	$783,000	6.2K	+12.5% Added
GDGeneral Dynamics	0.10%	$782,000	4.0K	−3.1% Reduced
PODDInsulet Corporation	0.10%	$780,000	2.7K	−2.3% Reduced
MRKMerck & Co.	0.10%	$773,000	10.3K	−1.6% Reduced
HDThe Home Depot	0.10%	$762,000	2.3K	−6.6% Reduced
TRGPTarga Resources	0.10%	$761,000	15.5K	−2.4% Reduced
GLBEGlobal-e Online Ltd.	0.10%	$761,000	10.6K	+65.6% Added
MTDMettler Toledo	0.10%	$758,000	550	−11.3% Reduced
LPLALPL Financial Holdings Inc.	0.10%	$754,000	4.8K	−7.5% Reduced
TXG10x Genomics, Inc.	0.10%	$737,000	5.1K	−6.6% Reduced
JBLJabil	0.10%	$722,000	12.4K	−13.8% Reduced
PSXPhillips 66	0.10%	$719,000	10.3K	−3.7% Reduced
UGIUGI Corp	0.10%	$718,000	16.8K	−2.3% Reduced
CHGGChegg, Inc	0.10%	$718,000	10.6K	−5.0% Reduced
KNXKnight-swift Transportation Holdings Inc.	0.10%	$716,000	14.0K	−8.8% Reduced
WIXWix.com Ltd.	0.09%	$705,000	3.6K	+8.3% Added
CRWDCrowdStrike	0.09%	$686,000	2.8K	+187.6% Added
PLNTPlanet Fitness, Inc.	0.09%	$683,000	8.7K	−0.9% Reduced
PWRQuanta Services	0.09%	$678,000	6.0K	−18.1% Reduced
ALCAlcon Inc	0.09%	$674,000	8.4K	−12.1% Reduced
DANDana Inc	0.09%	$669,000	30.1K	−4.0% Reduced
EXCExelon	0.09%	$665,000	13.7K	−5.4% Reduced
AAPAdvance Auto Parts Inc	0.09%	$663,000	3.2K	−6.4% Reduced
EGEverest Group	0.09%	$651,000	2.6K	+52.4% Added
WMBWilliams Companies	0.09%	$640,000	24.7K	+1.5% Added
PANWPalo Alto Networks	0.08%	$636,000	1.3K	+69.0% Added
WSMWilliams-Sonoma, Inc.	0.08%	$635,000	3.6K	0.0%
METAMeta Platforms	0.08%	$635,000	1.9K	−4.1% Reduced
ETREntergy	0.08%	$632,000	6.4K	−28.5% Reduced
MTSIMacom Technology Solutions Holdings, Inc.	0.08%	$630,000	9.7K	−6.4% Reduced
KBRKBR, Inc.	0.08%	$628,000	16.0K	−7.0% Reduced
TGTTarget Corporation	0.08%	$619,000	2.7K	−7.2% Reduced
MCKMcKesson	0.08%	$619,000	3.1K	−4.2% Reduced
RTXRTX Corporation	0.08%	$619,000	7.2K	−1.6% Reduced
FNDFloor & Decor Holdings, Inc.	0.08%	$616,000	5.1K	−28.6% Reduced
HDBHdfc Bank LTD	0.08%	$593,000	8.1K	0.0%
BILLBILL Holdings, Inc.	0.08%	$587,000	2.2K	New
LENLennar	0.08%	$583,000	6.2K	−12.6% Reduced
CCICrown Castle	0.08%	$581,000	3.4K	−3.8% Reduced
MRVLMarvell Technology	0.08%	$574,000	9.5K	−7.5% Reduced
INTCIntel	0.07%	$567,000	10.6K	+31.3% Added
NTRSNorthern Trust	0.07%	$558,000	5.2K	−3.5% Reduced
ICLRIcon PLC	0.07%	$558,000	2.1K	+56.0% Added
AVGOBroadcom	0.07%	$547,000	1.1K	−8.2% Reduced
IFFInternational Flavors & Fragrances	0.07%	$545,000	4.1K	−1.6% Reduced
DXCMDexcom	0.07%	$545,000	997	+18.1% Added
VLOValero Energy	0.07%	$533,000	7.6K	+23.4% Added
GDRXGoodrx Holdings, Inc.	0.07%	$533,000	13.0K	−7.3% Reduced
GGenpact LTD	0.07%	$524,000	11.0K	+10.8% Added
ACMAecom	0.07%	$524,000	8.3K	−2.8% Reduced
CCEPCoca-cola Europacific Partners plc	0.07%	$521,000	9.4K	−1.6% Reduced
CDPCopt Defense Properties	0.07%	$513,000	19.0K	−3.8% Reduced
FTSFortis Inc.	0.07%	$512,000	11.6K	−2.4% Reduced
AESAES Corporation	0.07%	$510,000	22.4K	−4.6% Reduced
GNRCGenerac	0.07%	$503,000	1.2K	−3.1% Reduced
NINiSource	0.07%	$501,000	20.7K	−2.4% Reduced
RACEFerrari N.V.	0.07%	$500,000	2.4K	−12.8% Reduced
ENBEnbridge Inc	0.07%	$498,000	12.5K	−2.4% Reduced
SNDRSchneider National, Inc.	0.06%	$487,000	21.4K	−2.4% Reduced
WTFCWintrust Financial Corp	0.06%	$477,000	5.9K	+17.3% Added
CSCOCisco	0.06%	$474,000	8.7K	−11.6% Reduced
OKEOneok	0.06%	$467,000	8.1K	New

Company	Bought (value)	Shares
NVDANVIDIA Corporation	$1.8m	8.8K
SYKStryker Corporation	$843,000	3.2K
BILLBILL Holdings, Inc.	$587,000	2.2K
OKEOneok	$467,000	8.1K
CRWDCrowdStrike	$447,498	1.8K
APDAir Products	$391,000	1.5K
DEDeere & Company	$386,562	1.2K
SESea Ltd	$374,393	1.2K
PGProcter & Gamble	$312,085	2.2K
ABBVAbbVie	$309,000	2.9K
GLBEGlobal-e Online Ltd.	$301,528	4.2K
LHXL3Harris	$279,000	1.3K
PANWPalo Alto Networks	$259,768	542
ZMZoom Communications, Inc.	$256,769	982
SRSpire Inc	$253,699	4.2K

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

Company	Sold (value)	Shares
EWEdwards Lifesciences	−$1.6m	−14.6K
PYPLPayPal	−$1.4m	−5.4K
UNHUnitedHealth Group	−$1.3m	−3.4K
PSAPublic Storage	−$1.1m	−3.7K
NOWServiceNow	−$797,473	−1.3K
WFCWells Fargo	−$657,062	−14.2K
SBUXStarbucks	−$591,865	−5.4K
GSHDGoosehead Insurance, Inc.	−$535,000	−4.2K
SHOPShopify Inc.	−$488,116	−360
XYZBlock, Inc.	−$453,706	−1.9K
MSFTMicrosoft Corporation	−$411,000	−1.5K
AMTAmerican Tower	−$410,953	−1.5K
NKENike, Inc.	−$370,075	−2.5K
CNPCenterPoint Energy	−$344,688	−14.0K
AIZAssurant	−$342,178	−2.2K

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

Company	Value last quarter	Shares
GSHDGoosehead Insurance, Inc.	$535,000	4.2K
FIVNFive9, Inc.	$322,000	1.8K
GENGen Digital Inc.	$272,000	10.0K
EMREmerson Electric	$248,000	2.6K
PATHUipath, Inc.	$238,000	3.5K
CBRECBRE Group	$221,000	2.6K
NTAPNetApp	$221,000	2.7K
CMBTCmb.tech NV	$217,000	23.3K
MLMMartin Marietta Materials	$161,000	459
BBYBest Buy	$152,000	1.3K
PCARPaccar	$147,000	1.6K
INCYIncyte	$137,000	1.6K
SHOOSteven Madden, LTD.	$137,000	3.1K
AHCOAdapthealth Corp.	$134,000	4.9K
DPZDomino's	$127,000	272
HRBH&R Block Inc	$120,000	5.1K
ITWIllinois Tool Works	$116,000	520
BWXTBWX Technologies, Inc.	$115,000	2.0K
DLTRDollar Tree	$109,000	1.1K
LDOSLeidos	$99,000	977
PNRPentair	$95,000	1.4K
RCKTRocket Pharmaceuticals, Inc.	$95,000	2.2K
LADLithia Motors Inc	$94,000	274
BAHBooz Allen Hamilton Holding Corp	$93,000	1.1K
GNTXGentex Corp	$76,000	2.3K
MRCYMercury Systems Inc	$76,000	1.1K
KURAKura Oncology, Inc.	$73,000	3.5K
PCTYPaylocity Holding Corp	$68,000	354
MRTNMarten Transport LTD	$59,000	3.6K
ONTOOnto Innovation Inc.	$55,000	756

Technology22.4%
Consumer Discretionary15.1%
Financials14.7%
Health Care14.1%
Industrials12.8%
Consumer Staples5.6%
Communication Services4.5%
Utilities3.2%
Materials2.8%
Energy2.6%
Real Estate2.2%

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 8, 2008 to March 11, 2022	+7.9%	+10.7%	0.57	0.61	−35.4%	0.48
2010 to 2017January 8, 2010 to December 29, 2017	+7.6%	+13.5%	0.83	0.98	−14.4%	0.38
2018 onwardsJanuary 5, 2018 to March 11, 2022	+11.6%	+12.7%	0.55	0.65	−35.4%	1.11
Last three yearsMarch 15, 2019 to March 11, 2022	+13.9%	+16.1%	0.63	0.79	−35.4%	1.13
Last yearMarch 12, 2021 to March 11, 2022	−3.0%	+8.1%	−0.14	0.68	−16.8%	1.12

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.