Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$10.1B in Q2 2013 → $6.16B now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| WP West Pharmaceutical Svsc Inc | 6.0% | Trimmed 21% | 1,033,826 | $371M |
| Unitedhealth Group Inc | 5.7% | Trimmed 25% | 842,497 | $350M |
| TS Taiwan Semiconductor Manufac | 5.5% | Trimmed 17% | 706,120 | $337M |
| TI Texas Instrs Inc | 5.2% | Trimmed 29% | 1,081,243 | $322M |
| Alphabet Inc | 4.8% | Trimmed 21% | 827,249 | $296M |
| IH Iqvia Hldgs Inc | 4.7% | Trimmed 21% | 1,500,760 | $290M |
| American Express Co | 4.7% | Trimmed 21% | 849,396 | $287M |
| CC Cooper Cos Inc | 4.6% | Added 3.1% | 3,940,007 | $283M |
| Visa Inc | 4.6% | Trimmed 21% | 817,595 | $281M |
| Progressive Corp | 4.3% | New | 1,219,355 | $266M |
| Thermo Fisher Scientific Inc | 4.3% | Trimmed 20% | 529,776 | $266M |
| Cdw Corp | 4.3% | Trimmed 19% | 1,867,736 | $263M |
| Booking Holdings Inc | 4.3% | Added 1879% | 1,473,080 | $263M |
| Msci Inc | 4.2% | Trimmed 21% | 463,710 | $260M |
| Sysco Corp | 4.2% | Trimmed 21% | 3,085,419 | $258M |
| BD Becton Dickinson & Co | 4.2% | Trimmed 13% | 1,690,093 | $256M |
| Aon PLC | 4.1% | Trimmed 21% | 768,975 | $255M |
| M Moodys Corp | 4.1% | Trimmed 21% | 558,785 | $253M |
| FN Fidelity Natl Information Sv | 4.0% | Added 12% | 6,284,287 | $244M |
| Microsoft Corp | 3.9% | Trimmed 21% | 645,228 | $241M |
| Cme Group Inc | 3.6% | Trimmed 1.5% | 1,001,686 | $221M |
| Salesforce Inc | 3.0% | Trimmed 21% | 1,192,726 | $187M |
| S&P Global Inc | 1.8% | Trimmed 21% | 267,319 | $109M |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Nike Inc | Exited | −5,067,578 | −$268M | — |
| Progressive Corp | New | +1,219,355 | +$266M | 4.3% |
| Booking Holdings Inc | Added | +1,398,650 | +$249M | 4.3% |
| Fiserv Inc | Exited | −2,902,523 | −$162M | — |
| M& Marsh & Mclennan Cos Inc | Exited | −810,308 | −$141M | — |
| TI Texas Instrs Inc | Trimmed | −437,385 | −$130M | 5.2% |
| Unitedhealth Group Inc | Trimmed | −279,164 | −$116M | 5.7% |
| WP West Pharmaceutical Svsc Inc | Trimmed | −281,577 | −$101M | 6.0% |
| Alphabet Inc | Trimmed | −220,770 | −$78.9M | 4.8% |
| IH Iqvia Hldgs Inc | Trimmed | −396,714 | −$76.7M | 4.7% |
Showing the 10 largest of 26 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Adobe Inc | Exited | −1,172,945 | −$411M | — |
| TI Texas Instrs Inc | New | +1,518,628 | +$295M | 4.2% |
| TS Taiwan Semiconductor Manufac | New | +849,740 | +$287M | 4.1% |
| CC Cooper Cos Inc | New | +3,823,062 | +$273M | 3.9% |
| M& Marsh & Mclennan Cos Inc | Trimmed | −1,206,887 | −$209M | 2.0% |
| S&P Global Inc | Trimmed | −490,862 | −$209M | 2.0% |
| Alphabet Inc | Trimmed | −560,725 | −$161M | 4.3% |
| M Moodys Corp | Trimmed | −256,833 | −$112M | 4.4% |
| Cme Group Inc | Trimmed | −369,818 | −$109M | 4.3% |
| Thermo Fisher Scientific Inc | Trimmed | −187,448 | −$92.1M | 4.6% |
Showing the 10 largest of 26 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Cme Group Inc | New | +1,386,768 | +$379M | 4.0% |
| Alphabet Inc | Trimmed | −698,090 | −$219M | 5.3% |
| WP West Pharmaceutical Svsc Inc | Added | +778,887 | +$214M | 3.2% |
| Hca Healthcare Inc | Exited | −274,609 | −$117M | — |
| Booking Holdings Inc | Trimmed | −9,274 | −$49.7M | 5.1% |
| Thermo Fisher Scientific Inc | Trimmed | −53,290 | −$30.9M | 5.1% |
| IH Iqvia Hldgs Inc | Trimmed | −126,181 | −$28.4M | 5.2% |
| American Express Co | Trimmed | −74,525 | −$27.6M | 5.0% |
| M Moodys Corp | Trimmed | −51,727 | −$26.4M | 5.2% |
| Microsoft Corp | Trimmed | −53,525 | −$25.9M | 5.0% |
Showing the 10 largest of 24 changes.
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Oracle Corp | Exited | −3,298,941 | −$721M | — |
| TC Tjx Cos Inc New | Exited | −4,699,577 | −$580M | — |
| Hca Healthcare Inc | Trimmed | −1,287,869 | −$549M | 1.2% |
| Msci Inc | Added | +687,766 | +$390M | 4.2% |
| Alphabet Inc | Trimmed | −730,820 | −$178M | 5.9% |
| Booking Holdings Inc | Trimmed | −23,822 | −$129M | 5.7% |
| Microsoft Corp | Trimmed | −239,287 | −$124M | 5.6% |
| M Moodys Corp | Trimmed | −229,474 | −$109M | 5.1% |
| American Express Co | Trimmed | −314,768 | −$105M | 4.8% |
| Visa Inc | Trimmed | −304,134 | −$104M | 4.8% |
Showing the 10 largest of 25 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Medtronic PLC | Exited | −5,197,530 | −$467M | — |
| DG Dollar Gen Corp New | Exited | −3,254,829 | −$286M | — |
| Oracle Corp | Trimmed | −647,420 | −$142M | 6.2% |
| Unitedhealth Group Inc | Added | +278,350 | +$86.8M | 3.3% |
| Nike Inc | Added | +1,128,500 | +$80.2M | 3.5% |
| Booking Holdings Inc | Trimmed | −9,316 | −$53.9M | 6.2% |
| IH Iqvia Hldgs Inc | Added | +260,438 | +$41M | 3.1% |
| Microsoft Corp | Trimmed | −80,900 | −$40.2M | 5.5% |
| TC Tjx Cos Inc New | Trimmed | −310,300 | −$38.3M | 5.0% |
| M Moodys Corp | Trimmed | −76,250 | −$38.2M | 5.4% |
Showing the 10 largest of 26 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Salesforce Inc | New | +1,743,717 | +$468M | 3.8% |
| Fiserv Inc | Trimmed | −855,767 | −$189M | 5.0% |
| American Express Co | Trimmed | −693,833 | −$187M | 3.9% |
| Booking Holdings Inc | Trimmed | −20,402 | −$94M | 4.9% |
| Visa Inc | Trimmed | −260,842 | −$91.4M | 4.9% |
| TC Tjx Cos Inc New | Trimmed | −561,669 | −$68.4M | 4.9% |
| M Moodys Corp | Trimmed | −84,986 | −$39.6M | 5.0% |
| M& Marsh & Mclennan Cos Inc | Trimmed | −155,498 | −$37.9M | 4.7% |
| Hca Healthcare Inc | Trimmed | −102,060 | −$35.3M | 4.6% |
| S&P Global Inc | Trimmed | −68,948 | −$35M | 4.6% |
Showing the 10 largest of 25 changes.
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Fiserv Inc | Trimmed | −416,910 | −$85.6M | 5.6% |
| Oracle Corp | Trimmed | −403,391 | −$67.2M | 5.2% |
| Booking Holdings Inc | Trimmed | −11,114 | −$55.2M | 5.7% |
| TC Tjx Cos Inc New | Trimmed | −302,678 | −$36.6M | 5.0% |
| American Express Co | Trimmed | −110,795 | −$32.9M | 5.5% |
| M Moodys Corp | Trimmed | −60,963 | −$28.9M | 5.0% |
| Alphabet Inc | Trimmed | −149,036 | −$28.2M | 4.9% |
| Visa Inc | Trimmed | −87,508 | −$27.7M | 4.7% |
| FN Fidelity Natl Information Sv | Trimmed | −327,802 | −$26.5M | 4.6% |
| Microsoft Corp | Trimmed | −62,581 | −$26.4M | 4.6% |
Showing the 10 largest of 24 changes.
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Nike Inc | Added | +64,382 | +$5.69M | 3.1% |
| Medtronic PLC | Trimmed | −58,700 | −$5.28M | 3.6% |
| Thermo Fisher Scientific Inc | Added | +8,338 | +$5.16M | 4.3% |
| Sysco Corp | Added | +61,142 | +$4.77M | 3.5% |
| Unitedhealth Group Inc | Added | +7,220 | +$4.22M | 4.2% |
| IH Iqvia Hldgs Inc | Added | +16,935 | +$4.01M | 3.6% |
| BD Becton Dickinson & Co | Added | +16,535 | +$3.99M | 3.4% |
| S&P Global Inc | Added | +7,386 | +$3.82M | 4.4% |
| Microsoft Corp | Trimmed | −8,165 | −$3.51M | 4.5% |
| Booking Holdings Inc | Trimmed | −826 | −$3.48M | 4.8% |
Showing the 10 largest of 24 changes.
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