Skip to content
berrytrail

Search

Search managers or tickers

Torray

Q1 2014 13F · by James Bailey, portfolio manager

As of
Mar 31, 2014
Filed
May 9, 2014
US stock
$590M · prev $482M
Positions
87 · prev 72
Options notional
$0
Documents
1· no amendments

Picture99.9% US stock

Full picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 99.9%
  • Foreign stock not listed in the US 0.1%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves63 since the prior filing

The book

Diversified · behaves like 55 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 16% a year, about 6.1 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions14% of US stock

  1. BAX Baxter International Inc. added−0.09 pp added−0.093.3%
  2. WFC Wells Fargo & Co. added−0.38 pp added−0.383.2%
  3. unresolved Hewlett Packard Co held held2.5%
  4. unresolved Du Pont E I De Nemours & Co held held2.4%
  5. SYY Sysco Corporation added−0.53 pp added−0.532.4%

Positions87 in this filing · 3 exited

BAXBaxter International Inc.3.26%261,152$19Madded+13%−0.09 pp4 q
WFCWells Fargo & Co.3.22%381,900$19Madded0%−0.38 pp4 q
unresolvedHewlett Packard Co2.46%448,100$15Mheld—4 q
unresolvedDu Pont E I De Nemours & Co2.42%212,700$14Mheld—4 q
SYYSysco Corporation2.37%387,100$14Madded0%−0.53 pp4 q
LLoews Corporation2.36%315,500$14Madded+13%−0.43 pp4 q
unresolvedGeneral Electric Co2.33%531,167$14Mheld—4 q
INTCIntel Corp2.22%506,500$13Mheld—4 q
unresolvedDow Chemical Co2.21%267,800$13Mheld—4 q
GDGeneral Dynamics Corporation2.16%117,100$13Mtrimmed−17%−0.64 pp4 q
unresolvedChubb2.15%142,300$13Mheld—4 q
JNJJohnson & Johnson2.13%128,024$13Mheld—4 q
ETNEaton Corporation, plc2.13%167,050$13Madded0%−0.51 pp4 q
TAT&T Inc.2.10%353,900$12Mheld—4 q
RSGRepublic Services Inc.2.04%352,200$12Mheld—4 q
unresolvedGannett Inc1.99%425,700$12Mheld—4 q
MRSHMarsh1.98%237,518$12Mheld—4 q
IBMInternational Business Machines Corporation1.92%58,950$11Madded0%−0.37 pp4 q
unresolvedE M C Corp Mass1.87%401,600$11Madded0%−0.22 pp4 q
BDXBecton, Dickinson and Co.1.84%92,500$11Mheld—4 q
AXPAmerican Express Company1.82%119,000$11Mheld—4 q
unresolvedBoardwalk Pipeline Partners1.77%779,800$10Mnew+1.77 ppnew
CSCOCisco Systems, Inc. (DE)1.77%467,000$10Mheld—4 q
TGTTarget Corporation1.76%171,500$10Mnew+1.76 ppnew
WUThe Western Union Company1.73%624,450$10Mheld—4 q
EOGEOG Resources, Inc.1.70%102,128$10Madded×3.4+0.66 pp4 q
ENBEnbridge, Inc1.70%220,440$10Madded+86%+0.63 pp4 q
QCOMQualcomm Inc1.70%127,454$10Madded+72%+0.56 pp4 q
TUPTupperware Brands Corporation1.70%119,990$10Mtrimmed−29%−1.60 pp4 q
unresolvedWellpoint Inc1.70%100,500$10Mtrimmed−20%−0.71 pp4 q
AAPLApple Inc.1.68%18,442$10Madded+69%+0.41 pp4 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)1.66%119,600$10Mtrimmed−19%−0.64 pp4 q
UTXZRTX Corporation1.61%81,273$9Madded+92%+0.61 pp4 q
DHRDanaher Corporation1.58%124,540$9Madded+72%+0.42 pp4 q
VVISA Inc.1.54%42,199$9Madded+74%+0.42 pp4 q
CHKChesapeake Energy Corp1.51%346,700$9Mheld—4 q
FISVFiserv, Inc.1.51%157,501$9Madded+76%+0.41 pp4 q
CLColgate-Palmolive Company1.42%129,584$8Madded+81%+0.45 pp4 q
unresolvedExpress Scripts Hldg Co1.42%111,470$8Madded+85%+0.54 pp3 q
AMTAmerican Tower Corporation1.39%100,412$8Madded+74%+0.44 pp4 q
PXGBXPraxair Inc1.39%62,672$8Madded+74%+0.42 pp4 q
SWKStanley Black & Decker, Inc.1.39%100,900$8Mheld—2 q
unresolvedPrecision Castparts Corp1.38%32,253$8Madded+72%+0.33 pp4 q
FMCFMC Corporation1.37%105,388$8Madded+96%+0.53 pp4 q
ACNAccenture PLC1.37%101,715$8Madded+69%+0.34 pp4 q
VFCV.F. Corporation1.27%120,705$7Mnew+1.27 ppnew
APHAmphenol Corporation1.25%80,507$7Madded+71%+0.38 pp4 q
CMICummins Inc.1.25%49,553$7Madded+73%+0.41 pp4 q
BENFranklin Templeton, Inc.1.25%136,345$7Madded+66%+0.27 pp4 q
NKENike, Inc.1.12%89,513$7Madded+78%+0.30 pp4 q
ORCLOracle Corp1.10%158,005$6Madded+67%+0.35 pp4 q
AKAMAkamai Technologies Inc1.05%106,675$6Madded+56%+0.38 pp2 q
CLBCore Laboratories Inc.1.05%31,223$6Madded+78%+0.36 pp4 q
VRTXVertex Pharmaceuticals Inc0.92%76,397$5Madded+41%+0.08 pp4 q
GILDGilead Sciences Inc0.87%72,419$5Madded+49%+0.11 pp4 q
ADBEAdobe Inc.0.79%71,026$5Madded+66%+0.26 pp4 q
BMRNBioMarin Pharmaceuticals Inc0.75%64,805$4Mnew+0.75 ppnew
unresolvedMicros Sys Inc0.75%83,384$4Madded+82%+0.20 pp4 q
LMTLockheed Martin Corp.0.16%5,875$959,000trimmed−9%−0.04 pp4 q
COPConocoPhillips0.12%9,900$696,000trimmed−42%−0.13 pp4 q
EPDEnterprise Products Partners L.P.0.12%10,000$694,000held—4 q
DUKDuke Energy Corporation0.11%8,800$627,000held—4 q
SLBSLB Limited0.10%6,225$607,000added+2%−0.01 pp4 q
JPMJPMorgan Chase & Co.0.09%8,700$528,000added+14%0.00 pp4 q
PAAPlains All American Pipeline, L.P. Common Units representing Limited Partner Interests0.09%10,000$551,000held—4 q
MRKMerck & Co., Inc.0.08%8,575$487,000held—4 q
EDConsolidated Edison, Inc.0.07%7,750$416,000held—4 q
ERIEErie Indemnity Co0.06%4,850$338,000new+0.06 ppnew
unresolvedKinder Morgan Energy Partners0.06%5,000$370,000held—4 q
KMIKinder Morgan, Inc.0.06%10,250$333,000added+10%−0.01 pp2 q
unresolvedSeadrill0.06%9,500$334,000held—4 q
unresolvedXl Group PLC0.06%12,250$383,000held—4 q
BPBP p.l.c.0.05%6,000$289,000held—2 q
unresolvedCanadian Energy Service0.05%10,660$276,000new+0.05 ppnew
unresolvedItc Hldgs Corp0.05%7,130$266,000new+0.05 ppnew
CVXChevron Corporation0.04%1,800$214,000held—4 q
CHDChurch & Dwight Co., Inc.0.04%3,175$219,000new+0.04 ppnew
CMDXFComputer Modelling Grp0.04%9,100$242,000new+0.04 ppnew
CPRTCopart Inc0.04%5,940$216,000new+0.04 ppnew
unresolvedFEI Company0.04%2,390$246,000new+0.04 ppnew
FLSFlowserve Corporation0.04%2,765$217,000new+0.04 ppnew
HXLHexcel Corporation0.04%4,780$208,000new+0.04 ppnew
MIDDMiddleby Corp0.04%795$210,000new+0.04 ppnew
unresolvedO'Reilly Automotive0.04%1,645$244,000new+0.04 ppnew
PWRQuanta Services, Inc.0.04%6,775$250,000new+0.04 ppnew
unresolvedSBA Comms Corp0.04%2,485$226,000new+0.04 ppnew
JKHYHenry (Jack) & Associates0.03%3,625$202,000new+0.03 ppnew
unresolvedWalgreen Co—−161,550—exited−1.93 pp—
VARVarian Medical Systems, Inc.—−31,902—exited−0.51 pp—
unresolvedEnbridge Energy Partners—−12,750—exited−0.08 pp—

Source

Form
13F-HR
Reading
3 defects · 20 unresolved
Accession
0000950123-14-005450
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet
  • A security outside the official 13F list — CUSIP 13566W108 not on the Official 13(f) List for 2014-03-31
  • A security outside the official 13F list — CUSIP 205249105 not on the Official 13(f) List for 2014-03-31
  • A security outside the official 13F list — CUSIP 686091109 not on the Official 13(f) List for 2014-03-31