Torray

Q1 2020 13F · by James Bailey, portfolio manager

As of: Mar 31, 2020
Filed: Apr 29, 2020
US stock: $453M · prev $581M
Positions: 97 · prev 102
Options notional: $0
Documents: 1· 1 amendment

Picture98.7% US stock

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

US stock listed on a US exchange 98.7%
Foreign stock not listed in the US 1.3%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves108 since the prior filing

+13.0 pp in · −12.2 pp out

New 9 +6.30 pp
Added 43 +6.69 pp
Trimmed 42 −2.46 pp
Exited 14 −9.78 pp

The book

Diversified · behaves like 51 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 52% a year, about 1.9 years per position

Low
Moderate
High

Top 5 positions16% of US stock

Revealed late, restated

restated 0 rows corrected by the filer · US stock 0.00%; later quarters recomputed 13F-HR/A · Apr 29, 2020 ↗

Positions97 in this filing · 14 exited


BRK.BBERKSHIRE HATHAWAY Class B	3.29%	81,562	$15M	added+16%	+0.55 pp	12 q
CSCOCisco Systems, Inc. (DE)	3.29%	378,792	$15M	trimmed−2%	+0.10 pp	28 q
JNJJohnson & Johnson	3.28%	113,391	$15M	added+1%	+0.46 pp	28 q
AXPAmerican Express Company	3.17%	167,798	$14M	trimmed−0%	−0.43 pp	28 q
INTCIntel Corp	3.14%	262,642	$14M	added0%	+0.43 pp	28 q
MRSHMarsh	3.09%	161,892	$14M	trimmed−2%	−0.08 pp	28 q
IBMInternational Business Machines Corporation	3.01%	122,690	$14M	added+2%	+0.23 pp	28 q
ETNEaton Corporation, plc	2.94%	171,223	$13M	trimmed−0%	+0.15 pp	28 q
LLoews Corporation	2.87%	373,536	$13M	trimmed−0%	−0.51 pp	28 q
BACBank of America Corporation	2.83%	604,068	$13M	trimmed−0%	−0.84 pp	22 q
JPMJPMorgan Chase & Co.	2.81%	141,262	$13M	added+37%	+0.33 pp	4 q
KHCThe Kraft Heinz Company	2.54%	464,975	$12M	added+42%	+0.73 pp	2 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.47%	44,829	$11M	added+22%	+0.62 pp	28 q
CBChubb Limited	2.36%	95,519	$11M	trimmed−0%	−0.20 pp	17 q
BPBP p.l.c.	2.32%	430,559	$11M	added+1%	−0.46 pp	20 q
RDS.ARoyal Dutch Shell PLC	2.14%	278,073	$10M	added+21%	−0.20 pp	11 q
BDXBecton, Dickinson and Co.	2.10%	41,423	$10M	trimmed−0%	+0.16 pp	28 q
DDDuPont de Nemours, Inc.	2.09%	277,949	$9M	added+68%	+0.26 pp	4 q
BMYBristol-Myers Squibb Co.	2.07%	167,775	$9M	new	+2.07 pp	new
SYYSysco Corporation	1.96%	194,891	$9M	new	+1.96 pp	new
GDGeneral Dynamics Corporation	1.93%	65,949	$9M	trimmed−0%	−0.07 pp	28 q
AMZNAmazon.Com Inc	1.80%	4,172	$8M	trimmed−2%	+0.45 pp	10 q
unresolvedGeneral Electric Co	1.78%	1,016,101	$8M	added+45%	+0.43 pp	28 q
AIGAmerican International Group, Inc.	1.71%	318,853	$8M	trimmed−0%	−1.11 pp	12 q
WFCWells Fargo & Co.	1.62%	255,030	$7M	held	—	28 q
MSFTMicrosoft Corp	1.55%	44,361	$7M	trimmed−0%	+0.34 pp	16 q
GOOGLAlphabet Inc. Class A	1.40%	5,471	$6M	added+10%	+0.25 pp	19 q
AAPLApple Inc.	1.40%	24,937	$6M	trimmed−15%	−0.08 pp	28 q
LZAGYLonza Group AG UNSP/	1.30%	141,885	$6M	trimmed−2%	+0.40 pp	11 q
AMTAmerican Tower Corporation	1.26%	26,287	$6M	trimmed−2%	+0.20 pp	28 q
ADBEAdobe Inc.	1.22%	17,302	$6M	added+4%	+0.28 pp	28 q
FISVFiserv, Inc.	1.20%	57,404	$5M	added+2%	+0.08 pp	28 q
VVISA Inc.	1.18%	33,171	$5M	trimmed−1%	+0.09 pp	28 q
DHRDanaher Corporation	1.15%	37,635	$5M	trimmed−1%	+0.14 pp	28 q
BMRNBioMarin Pharmaceuticals Inc	1.13%	60,542	$5M	added+7%	+0.31 pp	25 q
ROPRoper Technologies, Inc.	1.05%	15,199	$5M	added+8%	+0.19 pp	6 q
VRSKVerisk Analytics, Inc.	1.02%	33,149	$5M	trimmed−2%	+0.15 pp	23 q
CNCCentene Corporation	0.99%	75,476	$4M	added+3%	+0.19 pp	8 q
unresolvedCooper Cos Inc/The	0.96%	15,699	$4M	added+12%	+0.18 pp	23 q
CPRTCopart Inc	0.90%	59,622	$4M	added×2.3	+0.50 pp	14 q
DOWDow Inc.	0.90%	138,700	$4M	added0%	−0.41 pp	4 q
NKENike, Inc.	0.86%	46,811	$4M	trimmed−1%	+0.04 pp	28 q
GMABGenmab A/S	0.84%	179,426	$4M	added+12%	+0.23 pp	14 q
SHWThe Sherwin-Williams Company	0.82%	8,046	$4M	trimmed−2%	0.00 pp	13 q
MSIMotorola Solutions, Inc. New	0.78%	26,566	$4M	added+29%	+0.21 pp	2 q
ORLYO'Reilly Automotive, Inc.	0.78%	11,663	$4M	trimmed−0%	−0.10 pp	14 q
ACNAccenture PLC	0.71%	19,605	$3M	trimmed−4%	−0.03 pp	28 q
METAMeta Platforms, Inc. Class A	0.66%	18,035	$3M	trimmed−10%	−0.05 pp	18 q
IDXXIdexx Laboratories Inc	0.64%	11,926	$3M	added×8.8	+0.58 pp	9 q
APHAmphenol Corporation	0.63%	39,179	$3M	added0%	−0.10 pp	28 q
CORCoresite Realty Corp	0.43%	16,798	$2M	new	+0.43 pp	new
TDOCTeladoc Health, Inc.	0.42%	12,234	$2M	trimmed−20%	+0.20 pp	3 q
ABBVAbbvie Inc.	0.39%	23,254	$2M	trimmed−21%	−0.06 pp	16 q
CTLTCatalent, Inc.	0.39%	33,708	$2M	added+40%	+0.16 pp	5 q
AMGNAmgen Inc	0.38%	8,482	$2M	trimmed−28%	−0.11 pp	11 q
HDHome Depot, Inc.	0.38%	9,265	$2M	new	+0.38 pp	new
QLYSQualys, Inc.	0.36%	18,989	$2M	added+24%	+0.14 pp	14 q
CVSCvs Health Corporation	0.35%	26,596	$2M	new	+0.35 pp	new
MMM3M Company	0.35%	11,447	$2M	new	+0.35 pp	new
CMICummins Inc.	0.34%	11,325	$2M	trimmed−18%	−0.08 pp	7 q
QCOMQualcomm Inc	0.34%	22,924	$2M	trimmed−17%	−0.08 pp	16 q
SBACSBA Communications Corp	0.34%	5,771	$2M	added0%	+0.10 pp	13 q
MOAltria Group, Inc.	0.33%	38,902	$2M	trimmed−10%	−0.04 pp	6 q
AZPNAspen Technology Inc	0.33%	15,640	$1M	trimmed−12%	−0.04 pp	14 q
BXBlackstone Inc.	0.33%	32,443	$1M	trimmed−47%	−0.26 pp	6 q
MCDMcDonald's Corporation	0.32%	8,780	$1M	new	+0.32 pp	new
LMTLockheed Martin Corp.	0.31%	4,093	$1M	trimmed−28%	−0.07 pp	16 q
CYBRCyberark Software LTD/ISRAEL	0.31%	16,212	$1M	added+44%	+0.08 pp	5 q
GILDGilead Sciences Inc	0.28%	16,788	$1M	new	+0.28 pp	new
MRKMerck & Co., Inc.	0.28%	16,724	$1M	trimmed−22%	−0.05 pp	16 q
MPWRMonolithic Power Systems, Inc.	0.28%	7,641	$1M	added+4%	+0.06 pp	6 q
POOLPool Corporation	0.28%	6,457	$1M	added+1%	+0.05 pp	11 q
LYBLyondellBasell Industries N.V. Class A	0.28%	25,379	$1M	trimmed−3%	−0.15 pp	16 q
AKXAnsys Inc	0.27%	5,163	$1M	trimmed−10%	+0.02 pp	14 q
LVSLas Vegas Sands Corp.	0.27%	28,904	$1M	trimmed−19%	−0.15 pp	5 q
JKHYHenry (Jack) & Associates	0.26%	7,719	$1M	added+1%	+0.07 pp	14 q
PSXPhillips 66	0.25%	20,730	$1M	trimmed−1%	−0.15 pp	16 q
PRUPrudential Financial, Inc.	0.25%	21,631	$1M	added+17%	−0.05 pp	15 q
MTDMettler-Toledo International	0.24%	1,588	$1M	added+5%	+0.03 pp	14 q
DNKNDunkin' Brands Group, Inc.	0.23%	19,592	$1M	added+26%	+0.03 pp	14 q
ICFIICF International, Inc.	0.22%	14,735	$1M	added+3%	−0.01 pp	14 q
HALOHalozyme Therapeutics, Inc.	0.21%	52,073	$937,000	added0%	+0.05 pp	14 q
OMCLOmnicell Inc	0.19%	12,813	$840,000	added+1%	+0.01 pp	14 q
PRAAPRA Group, Inc.	0.19%	31,732	$880,000	added+22%	+0.03 pp	11 q
AMNAMN Healthcare Services	0.18%	14,069	$813,000	trimmed−17%	0.00 pp	10 q
CHDChurch & Dwight Co., Inc.	0.18%	12,890	$827,000	added+7%	+0.03 pp	14 q
MKSIMKS Inc.	0.18%	9,734	$793,000	added+6%	+0.01 pp	8 q
RCKTRocket Pharmaceuticals, Inc.	0.17%	56,458	$788,000	added+88%	+0.05 pp	2 q
HXLHexcel Corporation	0.16%	19,132	$712,000	trimmed−17%	−0.13 pp	14 q
ZBRAZebra Technologies Corporation	0.16%	3,919	$720,000	new	+0.16 pp	new
IPGPIPG Photonics Corporation	0.15%	6,181	$682,000	added+5%	0.00 pp	14 q
VRRMVerra Mobility Corporation Class A	0.14%	90,148	$644,000	added+37%	−0.02 pp	3 q
GOOGAlphabet Inc. Class C	0.09%	366	$426,000	trimmed−9%	0.00 pp	10 q
IWFiShares Russell 1000 Growth ETF	0.08%	2,486	$375,000	trimmed−8%	0.00 pp	6 q
ENBEnbridge, Inc	0.07%	11,359	$330,000	trimmed−25%	−0.03 pp	28 q
ECLEcolab, Inc.	0.06%	1,677	$261,000	held	—	10 q
SBUXStarbucks Corp	0.06%	4,000	$263,000	held	—	7 q
GMGeneral Motors Company	—	−402,603	—	exited	−2.54 pp	—
TGNATEGNA Inc.	—	−869,295	—	exited	−2.50 pp	—
SWKStanley Black & Decker, Inc.	—	−65,756	—	exited	−1.88 pp	—
SCHWThe Charles Schwab Corporation	—	−87,679	—	exited	−0.72 pp	—
CHKPCheck Point Software Technologies Ltd	—	−30,618	—	exited	−0.58 pp	—
IPGThe Interpublic Group of Companies, Inc.	—	−89,886	—	exited	−0.36 pp	—
EPDEnterprise Products Partners L.P.	—	−62,109	—	exited	−0.30 pp	—
BABoeing Company	—	−4,992	—	exited	−0.28 pp	—
WEDWebster Financial Corp	—	−26,298	—	exited	−0.24 pp	—
ESGREnstar Group Ltd	—	−4,854	—	exited	−0.17 pp	—
IWDiShares Russell 1000 Value ETF	—	−2,774	—	exited	−0.07 pp	—
VONGVanguard Russell 1000 Growth ETF	—	−1,867	—	exited	−0.06 pp	—
HONHoneywell International, Inc.	—	−1,390	—	exited	−0.04 pp	—
MAMastercard Incorporated	—	−723	—	exited	−0.04 pp	—

Source

Form: 13F-HR/A
Reading: 2 defects · 2 unresolved
Accession: 0000950123-20-003688
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 54338V101 not on the Official 13(f) List for 2020-03-31
A security outside the official 13F list — CUSIP 54338V101 not on the Official 13(f) List for 2020-03-31

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