~~11% since 1965
Portfolio value
$110.6B
Positions
85
Top 5 concentration
18%
New buys this quarter
1
| Stock | Move | % of portfolio | Value |
|---|---|---|---|
| $SCHW The Charles Schwab Corp. | Held | 4.4% | $4.8B |
| $RTX RTX Corp. | Held | 4.2% | $4.7B |
| $JCI Johnson Controls International PLC | Held | 3.3% | $3.7B |
| $OXY Occidental Petroleum Corp. | Trimmed | 3% | $3.3B |
| $MSFT Microsoft Corp. | Added | 2.6% | $2.8B |
| $MET MetLife, Inc. | Held | 2.4% | $2.7B |
| $GILD Gilead Sciences, Inc. | Trimmed | 2.3% | $2.5B |
| $FDX FedEx Corp. | Trimmed | 2.2% | $2.5B |
| $CVS CVS Health Corp. | Trimmed | 2.2% | $2.4B |
| $GOOGL Alphabet, Inc. | Held | 2.2% | $2.4B |
| $GSK GSK PLC | Trimmed | 2.1% | $2.4B |
| $REGN Regeneron Pharmaceuticals, Inc. | Held | 2% | $2.2B |
| $CMCSA Comcast Corp. | Held | 2% | $2.2B |
| $CHTR Charter Communications, Inc. | Held | 1.9% | $2.1B |
| $CI The Cigna Group | Held | 1.9% | $2.1B |
| $BNY The Bank of New York Mellon Corp. | Trimmed | 1.9% | $2.1B |
| $AMZN Amazon.com, Inc. | Held | 1.8% | $2.0B |
| $BKNG Booking Holdings, Inc. | Added | 1.8% | $2.0B |
| $META Meta Platforms, Inc. | Held | 1.8% | $2.0B |
| $WFC Wells Fargo & Co. | Held | 1.6% | $1.8B |
| $APD Air Products & Chemicals, Inc. | Held | 1.6% | $1.8B |
| $FISV Fiserv, Inc. | Held | 1.6% | $1.8B |
| $UNH UnitedHealth Group, Inc. | Held | 1.6% | $1.8B |
| $SUNB Sunbelt Rentals Holdings, Inc. | New buy | 1.6% | $1.7B |
| $BKR Baker Hughes Co. | Trimmed | 1.5% | $1.6B |
| $GOOG Alphabet, Inc. | Trimmed | 1.5% | $1.6B |
| $FIS Fidelity National Information Services, Inc. | Held | 1.4% | $1.6B |
| $FTV Fortive Corp. | Held | 1.4% | $1.6B |
| $BUD Anheuser-Busch InBev SA/NV | Trimmed | 1.4% | $1.5B |
| $TEL TE Connectivity PLC | Held | 1.4% | $1.5B |
| $GEHC GE HealthCare Technologies, Inc. | Held | 1.4% | $1.5B |
| $ZBH Zimmer Biomet Holdings, Inc. | Held | 1.3% | $1.4B |
| $SUI Sun Communities, Inc. | Held | 1.2% | $1.4B |
| $SBAC SBA Communications Corp. | Held | 1.2% | $1.3B |
| $HUM Humana, Inc. | Held | 1.2% | $1.3B |
| $NSC Norfolk Southern Corp. | Trimmed | 1.2% | $1.3B |
| $IFF International Flavors & Fragrances, Inc. | Held | 1.1% | $1.3B |
| $AON Aon PLC | Held | 1.1% | $1.2B |
| $COF Capital One Financial Corp. | Held | 1% | $1.2B |
| $CARR Carrier Global Corp. | Added | 1% | $1.1B |
| $BN.TO Brookfield Corp. | Added | 1% | $1.1B |
| $AJG Arthur J Gallagher & Co. | Added | 1% | $1.1B |
| $ELAN Elanco Animal Health, Inc. | Trimmed | 1% | $1.1B |
| $HLN Haleon PLC | Held | 1% | $1.1B |
| $SNY Sanofi SA | Trimmed | 0.9% | $1.0B |
| $WTW Willis Towers Watson PLC | Held | 0.9% | $1.0B |
| $TMUS T-Mobile U.S., Inc. | Held | 0.9% | $980M |
| $COP ConocoPhillips | Trimmed | 0.8% | $932M |
| $LYB LyondellBasell Industries NV | Held | 0.8% | $902M |
| $D Dominion Energy, Inc. | Trimmed | 0.8% | $852M |
Showing top 50 of 85 equity positions (this fund runs a diversified book).
Notable sell-outs this quarter: $AHT.L
Source: SEC N-PORT via FMP · Mar 2026 report · monthly portfolio, public with a delay. Long equity positions only. Not financial advice.