DaveManuel.com · Institutional Ownership · 13F Holdings
Credential Securities Inc.
Reported holdings as of Q2 2018, from 18 quarterly filings.
This filer last reported in Q2 2018; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| TORONTO DOMINION BK ONT | TD | $30.6B | 528,518,000 | +0.03pp | 18q | +3.5%+$1.0B | |
| CANADIAN NAT RES LTD MED TER | CNQ | $28.6B | 791,184,000 | +0.79pp | 18q | +4.3%+$1.2B | |
| BANK NOVA SCOTIA B C | BNS | $25.1B | 443,951,000 | -0.59pp | 18q | +3.6%+$863.0M | |
| CANADIAN NATL RY CO | CNI | $16.9B | 207,301,000 | +0.32pp | 18q | +2.4%+$392.7M | |
| VISA INC | V | $16.4B | 123,525,000 | +0.41pp | 18q | +6.7%+$1.0B | |
| MANULIFE FINL CORP | MFC | $16.2B | 900,017,000 | -0.12pp | 18q | +5.2%+$799.0M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $12.9B | 62,072,000 | +0.16pp | 18q | +11.1%+$1.3B | |
| DIAGEO PLC | DEO | $11.4B | 79,340,000 | +0.20pp | 18q | +7.3%+$775.8M | |
| SAP SE | SAP | $11.3B | 97,813,000 | +0.29pp | 12q | +7.6%+$802.1M | |
| UNITEDHEALTH GROUP INC | UNH | $10.2B | 41,616,000 | +0.33pp | 5q | +9.7%+$901.4M | |
| BROOKFIELD ASSET MGMT INC | BAM | $10.1B | 249,710,000 | +0.15pp | 18q | +7.9%+$739.3M | |
| Praxair Inc | $9.3B | 58,997,000 | +0.25pp | 12q | +8.8%+$754.4M | ||
| Rogers Communications, Inc. | RCI | $9.0B | 188,823,000 | +0.14pp | 18q | +6.0%+$508.4M | |
| PRUDENTIAL PLC | PUK | $8.9B | 194,968,000 | -0.13pp | 18q | +10.8%+$866.5M | |
| TransCanada Corp | TRP | $8.8B | 204,142,000 | -0.03pp | 18q | -1.5%-$131.8M | |
| ROYAL BK CDA | RY | $8.8B | 116,962,000 | -0.23pp | 18q | -3.5%-$314.8M | |
| United Technologies Corp | UTX | $8.8B | 70,035,000 | +0.08pp | 12q | +10.4%+$825.1M | |
| DISNEY WALT CO | DIS | $8.2B | 78,567,000 | +0.16pp | 3q | +9.9%+$743.8M | |
| Shire PLC Sponsored | SHPG | $7.8B | 46,503,000 | +0.24pp | 9q | +7.5%+$548.4M | |
| ECOLAB INC | ECL | $7.8B | 55,767,000 | +0.11pp | 12q | +9.7%+$690.9M | |
| FRANCO NEV CORP | FNV | $7.0B | 96,443,000 | +0.14pp | 18q | +7.4%+$484.2M | |
| PEPSICO INC | PEP | $6.8B | 62,604,000 | +0.05pp | 18q | +9.0%+$561.6M | |
| NIELSEN HLDGS PLC | NLSN | $6.5B | 210,573,000 | -0.01pp | 12q | +7.5%+$456.6M | |
| MICROSOFT CORP | MSFT | $6.1B | 62,121,000 | -0.02pp | 18q | -4.3%-$275.4M | |
| ENBRIDGE INC | ENB | $5.6B | 156,657,000 | +0.32pp | 18q | +23.0%+$1.0B | |
| NUTRIEN LTD | NTR | $5.2B | 95,019,000 | +0.06pp | 2q | -4.2%-$224.2M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $4.0B | 21,228,000 | +0.04pp | 10q | +17.2%+$581.9M | |
| CGI Group, Inc. | GIB | $3.8B | 60,067,000 | flat | 18q | -4.8%-$192.9M | |
| PEMBINA PIPELINE CORP | PBA | $3.6B | 105,237,000 | +0.05pp | 18q | HELD | |
| CANADIAN IMPERIAL BANK OF CO | CM | $3.6B | 41,444,000 | -0.15pp | 18q | -9.9%-$395.5M | |
| JOHNSON & JOHNSON | JNJ | $3.2B | 26,216,000 | -0.12pp | 18q | -4.3%-$142.2M | |
| JPMORGAN CHASE & CO | JPM | $3.1B | 29,990,000 | -0.13pp | 18q | -6.3%-$210.2M | |
| SUNCOR ENERGY INC NEW | SU | $2.8B | 69,226,000 | +0.02pp | 18q | -7.8%-$239.2M | |
| OPEN TEXT CORP | OTEX | $2.8B | 78,543,000 | -0.06pp | 18q | -4.6%-$132.4M | |
| ORACLE CORP | ORCL | $2.6B | 59,489,000 | -0.08pp | 18q | -3.5%-$95.0M | |
| STANTEC INC | STN | $2.6B | 101,388,000 | -0.02pp | 16q | -4.0%-$108.9M | |
| APPLE INC | AAPL | $2.5B | 13,596,000 | -0.11pp | 18q | -18.6%-$567.2M | |
| CENOVUS ENERGY INC | CVE | $2.4B | 227,301,000 | +0.05pp | 18q | -4.4%-$107.4M | |
| Canadian Pacific Railway Ltd | CP | $2.3B | 12,539,000 | -0.03pp | 18q | -4.5%-$108.1M | |
| FORTIS INC | FTS | $2.2B | 69,054,000 | -0.07pp | 7q | -2.5%-$55.8M | |
| THOMSON REUTERS CORP COM | $2.1B | 51,819,000 | -0.01pp | 18q | -0.6%-$13.5M | ||
| CVS HEALTH CORP | CVS | $2.0B | 31,810,000 | -0.03pp | 18q | -5.1%-$109.8M | |
| GILDAN ACTIVEWEAR INC | GIL | $1.8B | 65,412,000 | -0.05pp | 18q | -4.7%-$90.1M | |
| 3M CO | MMM | $1.8B | 9,247,000 | -0.09pp | 18q | -4.5%-$85.4M | |
| BCE INC | BCE | $1.8B | 44,249,000 | -0.06pp | 18q | -1.8%-$33.1M | |
| WELLS FARGO & CO | WFC | $1.7B | 30,013,000 | -0.02pp | 18q | -5.2%-$91.6M | |
| CISCO SYS INC | CSCO | $1.5B | 35,816,000 | +0.07pp | 18q | +30.7%+$361.9M | |
| COMPUTER ASSOC INTL | $1.5B | 41,666,000 | -0.02pp | 18q | -5.9%-$92.5M | ||
| ALPHABET INC | GOOGL | $1.4B | 1,280,000 | flat | 11q | -4.0%-$61.0M | |
| US BANCORP | USB | $1.3B | 26,619,000 | -0.04pp | 18q | -5.0%-$69.5M | |
| ALPHABET INC | GOOG | $1.3B | 1,191,000 | -0.01pp | 11q | -6.7%-$94.8M | |
| BECTON DICKINSON CO | BDX | $1.3B | 5,373,000 | flat | 18q | -5.8%-$79.8M | |
| EQUINOR ASA | EQNR | $1.3B | 48,687,000 | - | new | NEW | |
| PFIZER INC | PFE | $1.3B | 35,293,000 | -0.03pp | 18q | -6.1%-$83.0M | |
| Raytheon Corp | RTN | $1.3B | 6,558,000 | -0.07pp | 12q | -6.9%-$93.7M | |
| Sun Life Financial, Inc. | SLF | $1.2B | 30,133,000 | -0.03pp | 18q | -3.0%-$37.7M | |
| BANK OF AMER CORP | BAC | $1.2B | 42,694,000 | -0.05pp | 7q | -6.1%-$77.9M | |
| MASTERCARD INCORPORATED | MA | $1.2B | 5,990,000 | +0.01pp | 17q | -3.6%-$44.2M | |
| VERISK ANALYTICS INC | VRSK | $1.2B | 10,730,000 | -0.02pp | 18q | -5.9%-$71.8M | |
| BANK OF MONTREAL | BMO | $1.1B | 14,654,000 | +0.09pp | 18q | +54.1%+$397.7M | |
| TELUS CORPORATION | TU | $1.1B | 31,181,000 | +0.02pp | 18q | +13.5%+$131.9M | |
| ABBOTT LABORATORIES | ABT | $1.1B | 17,718,000 | -0.02pp | 18q | -5.2%-$58.9M | |
| VERMILION ENERGY INC | VET | $1.1B | 30,145,000 | flat | 18q | -5.7%-$65.1M | |
| LOCKHEED MARTIN CORP | LMT | $1.1B | 3,627,000 | -0.07pp | 18q | -6.5%-$75.1M | |
| BB&T Corp | BBT | $1.1B | 20,966,000 | -0.04pp | 18q | -5.3%-$58.7M | |
| PROCTER & GAMBLE CO | PG | $1.0B | 13,221,000 | +0.01pp | 18q | +10.7%+$99.6M | |
| DAVITA INC | DVA | $1.0B | 14,751,000 | -0.04pp | 18q | -13.4%-$158.1M | |
| MONDELEZ INTL INC | MDLZ | $988.9M | 24,108,000 | -0.03pp | 14q | -4.5%-$47.1M | |
| FISERV INC | FISV | $986.7M | 13,319,000 | -0.02pp | 18q | -5.2%-$53.8M | |
| INTERNATIONAL FLAVORS&FRAGRA | IFF | $986.2M | 7,958,000 | -0.06pp | 18q | -8.2%-$88.0M | |
| COMCAST CORP NEW | CMCSA | $976.5M | 29,754,000 | -0.03pp | 11q | -4.6%-$47.2M | |
| EXELON CORP | EXC | $965.1M | 22,661,000 | +0.09pp | 2q | +67.4%+$388.4M | |
| TEXAS INSTRS INC | TXN | $949.7M | 8,615,000 | -0.03pp | 18q | -11.2%-$119.7M | |
| COLGATE PALMOLIVE CO | CL | $932.6M | 14,390,000 | -0.05pp | 18q | -4.9%-$47.8M | |
| Total SA | TTE | $919.2M | 15,141,000 | -0.01pp | 18q | -6.1%-$59.3M | |
| EOG RES INC | EOG | $916.2M | 7,362,000 | +0.01pp | 18q | -6.0%-$58.7M | |
| VERIZON COMMUNICATIONS INC | VZ | $911.6M | 18,113,000 | -0.15pp | 18q | -42.5%-$672.8M | |
| Noble Energy Inc | NBL | $904.9M | 25,648,000 | +0.10pp | 14q | +81.8%+$407.1M | |
| ROYAL DUTCH SHELL PLC-ADR A | RDSA | $900.5M | 13,008,000 | -0.01pp | 10q | -6.9%-$66.9M | |
| ALTRIA GROUP INC | MO | $899.6M | 15,840,000 | +0.01pp | 18q | +18.5%+$140.3M | |
| WALGREENS BOOTS ALLI | WBA | $894.8M | 14,911,000 | -0.04pp | 15q | -4.5%-$41.8M | |
| MCDONALDS CORP | MCD | $864.3M | 5,515,000 | -0.03pp | 18q | -6.6%-$61.0M | |
| DowDuPont, Inc. | DWDP | $859.9M | 13,038,000 | -0.02pp | 4q | -7.5%-$69.6M | |
| ILLINOIS TOOL WKS INC | ITW | $857.2M | 6,187,000 | -0.11pp | 18q | -23.4%-$262.6M | |
| MAGNA INTL INC | MGA | $840.4M | 14,453,000 | -0.02pp | 18q | -7.5%-$68.1M | |
| CAE INC | CAE | $808.0M | 38,978,000 | flat | 18q | -5.2%-$44.0M | |
| ACCENTURE PLC IRELAND | ACN | $805.3M | 4,922,000 | flat | 9q | -4.1%-$34.9M | |
| DARDEN RESTAURANTS INC | DRI | $768.2M | 7,175,000 | - | new | NEW | |
| ASTRAZENECA PLC | AZN | $752.7M | 21,438,000 | -0.02pp | 18q | -6.1%-$49.0M | |
| EXXON MOBIL CORP | XOM | $745.7M | 9,004,000 | flat | 18q | -5.4%-$42.7M | |
| UNILEVER NV NY SHARES | UN | $730.7M | 13,111,000 | -0.02pp | 14q | -7.3%-$57.4M | |
| DUKE ENERGY CORP NEW | DUK | $710.6M | 8,986,000 | +0.03pp | 17q | +27.2%+$151.9M | |
| TJX COS INC NEW | TJX | $691.4M | 7,264,000 | +0.01pp | 10q | -5.4%-$39.1M | |
| Six Flags Entertainment Corp | SIX | $684.7M | 9,774,000 | flat | 18q | -6.7%-$49.2M | |
| IQVIA HLDGS INC | IQV | $673.5M | 6,751,000 | -0.01pp | 3q | -2.2%-$15.2M | |
| BlackRock, Inc. | BLK | $668.2M | 1,338,000 | -0.02pp | 18q | +1.2%+$8.0M | |
| ABBVIE INC | ABBV | $661.9M | 7,141,000 | -0.02pp | 18q | -6.5%-$45.8M | |
| REPUBLIC SVCS INC | RSG | $660.8M | 9,666,000 | -0.01pp | 10q | -6.6%-$46.4M | |
| META PLATFORMS INC | META | $656.2M | 3,377,000 | +0.07pp | 18q | +61.1%+$248.9M | |
| KELLANOVA | K | $637.4M | 9,122,000 | flat | 10q | -4.5%-$29.8M | |
| CHEVRON CORPORATION | CVX | $632.7M | 5,006,000 | flat | 18q | -5.6%-$37.5M | |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $626.2M | 7,929,000 | -0.02pp | 4q | -5.1%-$33.8M | |
| WASTE MGMT INC DEL | WM | $625.6M | 7,691,000 | +0.01pp | 10q | +17.2%+$91.7M | |
| ENI S P A | E | $587.1M | 15,817,000 | - | new | NEW | |
| BRISTOL-MYERS SQUIBB CO | BMY | $564.0M | 10,190,000 | -0.03pp | 9q | -3.8%-$22.3M | |
| OMNICOM GROUP INC | OMC | $563.7M | 7,392,000 | flat | 5q | -3.2%-$18.8M | |
| AIR PRODUCTS AND CHEMICALS I | APD | $562.2M | 3,610,000 | -0.02pp | 18q | -6.9%-$41.9M | |
| FRESENIUS MEDICAL CARE AG | FMS | $526.0M | 10,456,000 | -0.02pp | 4q | -6.9%-$39.2M | |
| IRON MTN INC DEL | IRM | $521.4M | 14,883,000 | +0.04pp | 2q | +56.2%+$187.6M | |
| MEDTRONIC PLC | MDT | $518.0M | 6,051,000 | flat | 10q | -5.1%-$27.7M | |
| ANHEUSER BUSCH INBEV SA/NV | BUD | $509.4M | 5,055,000 | -0.02pp | 16q | -3.3%-$17.2M | |
| LAM RESEARCH CORP | LRCX | $506.9M | 2,933,000 | +0.01pp | 2q | +33.3%+$126.5M | |
| AT&T INC | T | $504.1M | 15,698,000 | -0.03pp | 18q | -7.2%-$39.1M | |
| BROADCOM INC | AVGO | $487.3M | 2,008,000 | - | new | NEW | |
| INTEL CORP | INTC | $469.1M | 9,434,000 | -0.02pp | 17q | -5.9%-$29.5M | |
| PAYCHEX INC | PAYX | $461.4M | 6,750,000 | flat | 12q | -6.9%-$34.0M | |
| ANALOG DEVICES INC | ADI | $459.0M | 4,785,000 | -0.07pp | 8q | -39.6%-$300.9M | |
| TARGA RES CORP | TRGP | $454.3M | 9,177,000 | flat | 6q | -7.4%-$36.2M | |
| General Electric Co | GE | $447.4M | 32,873,000 | -0.01pp | 18q | -5.0%-$23.8M | |
| AMERICAN WTR WKS CO INC NEW | AWK | $439.2M | 5,144,000 | - | new | NEW | |
| NOVO-NORDISK A S | NVO | $437.0M | 9,472,000 | -0.02pp | 18q | -6.9%-$32.6M | |
| PULTEGROUP INC | PHM | $416.5M | 14,481,000 | -0.02pp | 6q | -7.4%-$33.2M | |
| HOME DEPOT INC | HD | $412.7M | 2,115,000 | flat | 10q | -7.0%-$31.0M | |
| WEC ENERGY GROUP INC | WEC | $410.3M | 6,347,000 | - | new | NEW | |
| Unilever PLC ADR | UL | $405.0M | 7,327,000 | flat | 18q | +0.5%+$2.2M | |
| AUTOMATIC DATA PROCESSING IN | ADP | $388.4M | 2,896,000 | flat | 18q | -6.6%-$27.6M | |
| WESTPAC BKG CORP | WBK | $384.4M | 17,739,000 | -0.01pp | 18q | -6.5%-$26.5M | |
| AMGEN INC | AMGN | $374.7M | 2,030,000 | -0.01pp | 12q | -9.4%-$38.9M | |
| METHANEX CORP | MEOH | $372.1M | 5,292,000 | -0.02pp | 18q | -28.7%-$150.1M | |
| CHARLES SCHWAB CORP (THE) | SCHW | $369.7M | 7,237,000 | -0.01pp | 9q | HELD | |
| DOLLAR TREE INC | DLTR | $366.7M | 4,315,000 | -0.02pp | 18q | -5.1%-$19.6M | |
| COCA COLA CO | KO | $342.4M | 7,806,000 | -0.01pp | 18q | -3.5%-$12.3M | |
| KIMBERLY CLARK CORP | KMB | $335.2M | 3,182,000 | -0.01pp | 18q | -7.2%-$26.1M | |
| BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN | BPY | $332.9M | 17,563,000 | -0.01pp | 18q | -2.7%-$9.3M | |
| NOVARTIS AG | NVS | $332.2M | 4,398,000 | -0.01pp | 18q | -5.8%-$20.5M | |
| PARKER HANNIFIN CORP | PH | $328.3M | 2,106,000 | -0.01pp | 10q | -3.0%-$10.1M | |
| FEDEX CORP | FDX | $323.4M | 1,424,000 | -0.01pp | 18q | -2.9%-$9.8M | |
| Xilinx Inc | XLNX | $323.0M | 4,950,000 | -0.08pp | 7q | -42.5%-$238.7M | |
| MERCK & CO INC | MRK | $321.1M | 5,290,000 | flat | 13q | -7.5%-$26.1M | |
| MEDICAL PROPERTIES TRUST INC | MPT | $312.8M | 22,278,000 | flat | 6q | -6.6%-$21.9M | |
| INCYTE CORP | INCY | $302.0M | 4,507,000 | +0.03pp | 3q | +152.2%+$182.3M | |
| VODAFONE GROUP PLC | VOD | $296.1M | 12,184,000 | -0.12pp | 18q | -55.7%-$371.7M | |
| SERVICENOW INC | NOW | $291.2M | 1,688,000 | +0.01pp | 9q | +10.2%+$26.9M | |
| PHILIP MORRIS INTL INC | PM | $287.5M | 3,561,000 | -0.03pp | 18q | -7.1%-$22.1M | |
| NIKE INC | NKE | $286.5M | 3,594,000 | +0.01pp | 6q | -5.2%-$15.9M | |
| GOLDCORP INC NEW | GG | $282.5M | 20,597,000 | +0.01pp | 18q | +19.1%+$45.3M | |
| BIOGEN INC | BIIB | $277.2M | 955,000 | -0.01pp | 6q | -13.0%-$41.5M | |
| O'REILLY AUTOMOTIVE INC | ORLY | $271.9M | 994,000 | +0.01pp | 5q | +6.8%+$17.2M | |
| BOOKING HOLDINGS INC | BKNG | $267.6M | 132,000 | -0.01pp | 2q | -2.9%-$8.1M | |
| ELI LILLY & CO | LLY | $260.9M | 3,057,000 | flat | 18q | -4.0%-$10.8M | |
| QORVO INC | QRVO | $260.4M | 3,248,000 | -0.01pp | 5q | -23.1%-$78.3M | |
| CRESCENT PT ENERGY CORP | CPG | $254.1M | 34,621,000 | flat | 18q | -5.0%-$13.3M | |
| ELECTRONIC ARTS INC | EA | $251.5M | 1,783,000 | flat | 18q | -5.5%-$14.5M | |
| GlaxoSmithkline PLC ADR | GSK | $249.8M | 6,198,000 | flat | 2q | -3.2%-$8.3M | |
| REGENERON PHARMACEUTICALS | REGN | $240.1M | 696,000 | flat | 7q | +7.9%+$17.6M | |
| MOLSON COORS BEVERAGE CO | TAP | $238.6M | 3,507,000 | +0.04pp | 9q | +243.8%+$169.2M | |
| STARBUCKS CORP | SBUX | $237.0M | 4,852,000 | +0.01pp | 13q | +38.7%+$66.1M | |
| BIOMARIN PHARMACEUTICAL INC | BMRN | $230.3M | 2,445,000 | +0.01pp | 6q | +6.4%+$13.9M | |
| AMERICAN TOWER CORP | AMT | $225.5M | 1,564,000 | flat | 5q | +8.2%+$17.2M | |
| THE CAMPBELLS COMPANY | CPB | $224.0M | 5,523,000 | flat | 7q | +19.5%+$36.5M | |
| SELECT SECTOR SPDR TR | XLV | $202.1M | 2,422,000 | - | new | NEW | |
| EnCana Corp. | ECA | $195.0M | 14,935,000 | +0.01pp | 18q | HELD | |
| Worldpay Inc A | WP | $194.7M | 2,380,000 | flat | 2q | +6.4%+$11.8M | |
| SHAW COMMUNICATIONS INC | SJR | $193.1M | 9,492,000 | flat | 18q | -10.3%-$22.2M | |
| ISHARES TR | AGG | $183.0M | 1,722,000 | flat | 18q | HELD | |
| HONEYWELL INTL INC | HONZZZZ | $180.8M | 1,255,000 | flat | 9q | +7.1%+$12.0M | |
| BROOKFIELD INFRASTRUCTURE PA | BIP | $176.2M | 4,596,000 | -0.01pp | 18q | -10.5%-$20.7M | |
| AON PLC | AON | $168.8M | 1,231,000 | flat | 9q | +6.3%+$10.0M | |
| ZOETIS INC | ZTS | $168.7M | 1,980,000 | flat | 9q | +6.7%+$10.6M | |
| SKYWORKS SOLUTIONS INC | SWKS | $167.1M | 1,729,000 | flat | 8q | +18.7%+$26.3M | |
| AGNICO EAGLE MINES LTD | AEM | $165.7M | 3,615,000 | flat | 8q | -6.4%-$11.3M | |
| ADOBE INC | ADBE | $165.1M | 678,000 | -0.01pp | 4q | -31.0%-$74.3M | |
| AUTOZONE INC | AZO | $161.0M | 240,000 | -0.02pp | 9q | -33.0%-$79.2M | |
| DICKS SPORTING GOODS INC | DKS | $160.5M | 4,553,000 | +0.01pp | 4q | +22.5%+$29.5M | |
| SPROUTS FMRS MKT INC | SFM | $159.3M | 7,217,000 | +0.01pp | 7q | +32.5%+$39.1M | |
| AMAZON COM INC | AMZN | $158.0M | 93,000 | flat | 4q | HELD | |
| ISHARES TR | USIG | $157.3M | 1,468,000 | flat | 5q | HELD | |
| RELX NV | $155.3M | 7,287,000 | flat | 9q | +7.5%+$10.8M | ||
| INTERCONTINENTAL EXCHANGE IN | ICE | $153.4M | 2,085,000 | flat | 9q | +7.3%+$10.4M | |
| E trade Financial Corp | ETFC | $152.0M | 2,486,000 | -0.02pp | 4q | -43.9%-$119.1M | |
| AXALTA COATING SYS LTD | AXTA | $147.6M | 4,871,000 | flat | 3q | -5.1%-$7.9M | |
| S&P GLOBAL INC | SPGI | $143.7M | 705,000 | flat | 9q | +6.3%+$8.6M | |
| BALL CORP | BALL | $141.7M | 3,984,000 | -0.01pp | 4q | -4.8%-$7.1M | |
| WELBILT INC | WBT | $140.7M | 6,305,000 | +0.02pp | 6q | +98.4%+$69.8M | |
| SEALED AIR CORP NEW | SEE | $139.4M | 3,285,000 | flat | 4q | -4.0%-$5.9M | |
| BRITISH AMERN TOB PLC | BTI | $136.8M | 2,712,000 | -0.16pp | 18q | -80.3%-$558.8M | |
| ADVANCED DISP SVCS INC DEL COM | ADSW | $135.9M | 5,486,000 | flat | 2q | -4.4%-$6.3M | |
| CANOPY GROWTH CORP | CGC | $132.1M | 4,519,000 | - | new | NEW | |
| DBX ETF TR | DBJP | $130.1M | 3,129,000 | - | new | NEW | |
| EATON CORP PLC | ETN | $127.2M | 1,702,000 | +0.01pp | 18q | +47.5%+$41.0M | |
| WASTE CONNECTIONS INC | WCN | $122.7M | 1,633,000 | - | new | NEW | |
| TRANSOCEAN LTD | RIG | $121.5M | 9,036,000 | +0.01pp | 3q | -5.2%-$6.7M | |
| SLB LIMITED | SLB | $120.7M | 1,801,000 | flat | 9q | +6.8%+$7.6M | |
| nan | CMA | $112.1M | 1,233,000 | flat | 7q | +7.3%+$7.6M | |
| EQUIFAX INC | EFX | $109.7M | 877,000 | flat | 3q | -5.2%-$6.0M | |
| Genesee & Wyoming CL A Class A | GWR | $107.4M | 1,321,000 | flat | 3q | -4.7%-$5.3M | |
| HDFC BANK LTD | HDB | $107.0M | 1,019,000 | flat | 5q | +9.3%+$9.1M | |
| ULTA BEAUTY INC | ULTA | $106.9M | 458,000 | flat | 2q | -6.3%-$7.2M | |
| MOTOROLA SOLUTIONS INC | MSI | $106.5M | 915,000 | flat | 6q | +7.6%+$7.6M | |
| ISHARES TR | SUB | $106.1M | 1,010,000 | flat | 13q | HELD | |
| BARRICK GOLD CORP | GOLD | $100.8M | 7,679,000 | flat | 18q | -7.1%-$7.7M | |
| COCA-COLA EUROPACIFIC PARTNE | CCEP | $96.5M | 2,374,000 | flat | 6q | +8.3%+$7.4M | |
| DIAMOND OFFSHORE DRILLING INC | DOFSQ | $95.5M | 4,576,000 | flat | 3q | -6.4%-$6.5M | |
| FIVE BELOW INC | FIVE | $88.7M | 908,000 | flat | 6q | -16.1%-$17.0M | |
| ROCKWELL AUTOMATION INC | ROK | $87.9M | 529,000 | flat | 9q | +5.0%+$4.2M | |
| ENSCO PLC SHS CLASS A | ESV | $87.4M | 12,040,000 | +0.01pp | 3q | +131.9%+$49.7M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $82.3M | 2,251,000 | flat | 9q | +7.3%+$5.6M | |
| SNAP ON INC | SNA | $80.4M | 500,000 | flat | 9q | +6.6%+$5.0M | |
| EBAY INC. | EBAY | $78.0M | 2,152,000 | flat | 7q | +7.4%+$5.4M | |
| VAREX IMAGING CORP | VREX | $76.8M | 2,070,000 | flat | 6q | -10.2%-$8.7M | |
| ALIBABA GROUP HLDG LTD | BABA | $75.3M | 406,000 | flat | 5q | +5.5%+$3.9M | |
| Rio Tinto PLC | RIO | $74.4M | 1,342,000 | flat | 4q | +4.9%+$3.5M | |
| WINMARK CORP | WINA | $69.5M | 472,000 | flat | 5q | -8.2%-$6.2M | |
| DXC Technology Co | DXC | $66.1M | 820,000 | flat | 5q | +5.8%+$3.6M | |
| ALGONQUIN POWER & UTILITIES | AQN | $61.1M | 6,328,000 | flat | 7q | -9.3%-$6.3M | |
| BROOKFIELD RENEWABLE ENERGY | BEP | $55.5M | 1,850,000 | flat | 18q | -11.1%-$6.9M | |
| APPLIED MATLS INC | AMAT | $48.3M | 1,046,000 | flat | 9q | +4.9%+$2.3M | |
| TECK RESOURCES LTD | TECK | $40.6M | 1,593,000 | flat | 18q | +30.7%+$9.5M | |
| NATIONAL GRID PLC | NGG | $27.2M | 488,000 | -0.08pp | 5q | -92.3%-$328.8M | |
| GENERAL MILLS INC | GIS | $26.2M | 592,000 | flat | 18q | HELD | |
| SPDR INDEX SHS FDS | FEZ | $22.8M | 625,000 | flat | 12q | HELD | |
| TRANSALTA CORP | TAC | $22.3M | 4,477,000 | flat | 12q | -3.3%-$766.1K | |
| CAMECO CORP | CCJ | $16.6M | 1,478,000 | flat | 18q | -44.4%-$13.3M | |
| CELESTICA INC | CLS | $14.7M | 1,239,000 | flat | 3q | -4.0%-$615.5K | |
| TRINITY INDS INC | TRN | $6.9M | 200,000 | flat | 12q | HELD | |
| ISHARES TR | HYG | $5.1M | 60,000 | flat | 3q | HELD | |
| BHP BILLITON LIMITED | BHP | $5.0M | 100,000 | flat | 2q | HELD | |
| SUMITOMO MITSUI FIN GRP INC | SMFG | $4.3M | 548,000 | flat | 2q | HELD | |
| RELX PLC | RELX | $3.6M | 166,000 | flat | 2q | +46.9%+$1.2M | |
| RYANAIR HOLDINGS PLC | RYAAY | $3.5M | 31,000 | flat | 2q | HELD | |
| IMPERIAL OIL LTD | IMO | $3.0M | 90,000 | flat | 10q | HELD | |
| PRECISION DRILLING CORP | PDS | $2.8M | 850,000 | flat | 18q | HELD | |
| SONY GROUP CORP | SONY | $2.3M | 44,000 | flat | 2q | HELD | |
| ABB LTD -SPON ADR | ABBNY | $2.2M | 100,000 | flat | 2q | HELD | |
| TURKCELL ILETISIM | TKC | $1.4M | 207,000 | flat | 2q | HELD | |
| ICICI BK LTD | IBN | $1.2M | 153,000 | flat | 2q | HELD | |
| Nordic American Offshore Ltd | NAO | $912.0K | 800,000 | flat | 4q | HELD | |
| COMPANHIA DE SANEAMENTO BASI | SBS | $805.0K | 134,000 | flat | 2q | HELD | |
| 58.com Inc Spon ADR | WUBA | $762.0K | 11,000 | flat | 2q | HELD | |
| NEBIUS GROUP N.V. | NBIS | $682.0K | 19,000 | flat | 2q | HELD | |
| P T TELEKOMUNIKASI INDONESIA | TLK | $624.0K | 24,000 | flat | 2q | -52.9%-$702.0K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Banks & Lending | $77.8B | 17.7% |
| Energy | $53.1B | 12.1% |
| Insurance | $40.6B | 9.2% |
| Software & IT Services | $28.9B | 6.6% |
| Business Services | $27.2B | 6.2% |
| Transport & Logistics | $25.6B | 5.8% |
| Telecom & Media | $22.8B | 5.2% |
| Food, Drink & Tobacco | $22.0B | 5.0% |
| Chemicals | $17.7B | 4.0% |
| Instruments & Controls | $12.9B | 2.9% |
| Biotech & Pharma | $11.5B | 2.6% |
| Capital Markets | $11.3B | 2.6% |
| Other sectors | $41.2B | 9.4% |
| Not classified | $47.7B | 10.8% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2018 | +3.3% | +3.1% | +0.2% | 100% |
| Q1 2018 | -5.4% | - | - | 99% |
| Q4 2017 | +4.2% | - | - | 100% |
| Q3 2017 | +5.6% | - | - | 100% |
| Q2 2017 | +1.9% | - | - | 100% |
| Q1 2017 | +3.9% | - | - | 98% |
| Q4 2016 | +2.2% | - | - | 95% |
| Q3 2016 | +3.3% | - | - | 94% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2018 | $440.4B | 241 | 10 | 75 | 132 | 44 | 40.8% | 2,578 |
| Q1 2018 | $418.6B | 275 | 42 | 108 | 104 | 18 | 39.2% | 2,669 |
| Q4 2017 | $413.1B | 251 | 15 | 103 | 103 | 31 | 38.1% | 2,759 |
| Q3 2017 | $372.8B | 267 | 18 | 152 | 53 | 16 | 37.5% | 2,851 |
| Q2 2017 | $327.2B | 265 | 17 | 119 | 90 | 12 | 35.2% | 2,943 |
| Q1 2017 | $285.5B | 260 | 20 | 129 | 66 | 31 | 34.9% | 3,034 |
| Q4 2016 | $250.7B | 271 | 34 | 110 | 90 | 12 | 33.8% | 3,124 |
| Q3 2016 | $220.6B | 249 | 8 | 149 | 42 | 18 | 32.1% | 3,216 |
| Q2 2016 | $192.5B | 259 | 41 | 108 | 54 | 6 | 31.0% | 3,308 |
| Q1 2016 | $172.9B | 224 | 21 | 105 | 50 | 19 | 30.6% | 3,399 |
| Q4 2015 | $152.5B | 222 | 13 | 120 | 55 | 11 | 29.4% | 3,490 |
| Q3 2015 | $143.7B | 220 | 25 | 93 | 70 | 11 | 31.2% | 3,582 |
| Q2 2015 | $158.5B | 206 | 10 | 137 | 28 | 12 | 31.3% | 3,674 |
| Q1 2015 | $154.0B | 208 | 10 | 123 | 49 | 16 | 31.9% | 3,765 |
| Q4 2014 | $154.4B | 214 | 21 | 193 | 0 | 14 | 33.0% | 3,855 |
| Q3 2014 | $149.0M | 207 | 12 | 152 | 22 | 3 | 34.9% | 3,947 |
| Q2 2014 | $150.8M | 198 | 12 | 0 | 186 | 13 | 35.7% | 4,039 |
| Q1 2014 | $134.0B | 199 | 0 | 0 | 0 | 0 | 34.7% | 4,130 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.