~~10%+ since 1993
Portfolio value
$6.5B
Positions
68
Top 5 concentration
22%
New buys this quarter
1
| Stock | Move | % of portfolio | Value |
|---|---|---|---|
| $ADI Analog Devices Inc | Trimmed | 5.7% | $374M |
| $GOOGL Alphabet Inc | Trimmed | 5.2% | $341M |
| $META Meta Platforms Inc | Held | 3.9% | $252M |
| $IFF IFF | Held | 3.5% | $229M |
| $TEL TE Connectivity PLC | Trimmed | 3.4% | $225M |
| $C Citigroup Inc | Trimmed | 3.4% | $222M |
| $HEIO.AS Heineken Holding NV | Held | 3.4% | $220M |
| $JDEP.AS JDE Peet's NV | Held | 3.3% | $217M |
| $GOOG Alphabet Inc | Held | 3.3% | $214M |
| $AZE.BR Azelis Group NV | Added | 3.2% | $206M |
| $GLEN.L Glencore PLC | Held | 3.1% | $204M |
| $BDX Becton Dickinson & Co | Held | 2.8% | $186M |
| $AMZN Amazon.com Inc | Held | 2.7% | $179M |
| $SAF.PA Safran SA | Held | 2.7% | $178M |
| $LBRDK Liberty Broadband Corp | Added | 2.5% | $164M |
| $AON Aon PLC | Held | 2.5% | $161M |
| $PRX.AS Prosus NV | Added | 2.2% | $144M |
| $FERG Ferguson Enterprises Inc | Trimmed | 1.9% | $122M |
| $ERF.PA Eurofins Scientific SE | Held | 1.8% | $121M |
| $CMCSA Comcast Corp | Held | 1.8% | $115M |
| $MICC.AS Magnum Ice Cream Co NV/The | Added | 1.7% | $108M |
| $AMRZ.SW Amrize Ltd | Trimmed | 1.7% | $108M |
| $028260.KS Samsung C&T Corp | Trimmed | 1.6% | $107M |
| $4612.T Nippon Paint Holdings Co Ltd | Added | 1.5% | $96M |
| $NXPI NXP Semiconductors NV | Held | 1.5% | $95M |
| $JEF Jefferies Financial Group Inc | Held | 1.4% | $94M |
| $MTN Vail Resorts Inc | Added | 1.4% | $92M |
| $FBIN Fortune Brands Innovations Inc | Added | 1.4% | $92M |
| $LPLA LPL Financial Holdings Inc | Trimmed | 1.3% | $85M |
| $KMX CarMax Inc | Held | 1.2% | $77M |
| $003550.KS LG Corp | Trimmed | 1.2% | $77M |
| $SW.PA Sodexo SA | Added | 1.2% | $76M |
| $RI.PA Pernod Ricard SA | Added | 1.1% | $75M |
| $NOV NOV Inc | Trimmed | 1.1% | $73M |
| $CFR.SW Cie Financiere Richemont SA | Trimmed | 1.1% | $70M |
| $HOLN.SW Holcim AG | Held | 1% | $68M |
| $BIO Bio-Rad Laboratories Inc | Held | 1% | $68M |
| $IMCD.AS IMCD NV | Held | 1% | $67M |
| $TMO Thermo Fisher Scientific Inc | Held | 1% | $66M |
| $7974.T Nintendo Co Ltd | Added | 1% | $66M |
| $ICLR ICON PLC | Held | 1% | $64M |
| $DELL Dell Technologies Inc | Held | 1% | $63M |
| $6806.T Hirose Electric Co Ltd | Held | 0.9% | $59M |
| $MRK.DE Merck KGaA | Held | 0.9% | $59M |
| $271560.KS Orion Corp/Republic of Korea | Held | 0.9% | $56M |
| $MCDIF Mcdermott International Ltd | Held | 0.8% | $50M |
| $WAT Waters Corp | New buy | 0.7% | $48M |
| $MAR Marriott International Inc/MD | Trimmed | 0.7% | $47M |
| $GMEXICOB.MX Grupo Mexico SAB de CV | Trimmed | 0.7% | $45M |
| $UBER Uber Technologies Inc | Held | 0.7% | $43M |
Showing top 50 of 68 equity positions (this fund runs a diversified book).
Notable sell-outs this quarter: $NATL
Source: SEC N-PORT via FMP · Mar 2026 report · monthly portfolio, public with a delay. Long equity positions only. Not financial advice.