Torray

Q2 2021 13F · by James Bailey, portfolio manager

As of: Jun 30, 2021
Filed: Aug 3, 2021
US stock: $680M · prev $639M
Positions: 102 · prev 103
Options notional: $0
Documents: 1· no amendments

Picture98.1% US stock

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

US stock listed on a US exchange 98.1%
Foreign stock not listed in the US 1.9%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves93 since the prior filing

+4.3 pp in · −3.8 pp out

New 2 +1.94 pp
Added 33 +2.35 pp
Trimmed 55 −2.88 pp
Exited 3 −0.95 pp

The book

Diversified · behaves like 56 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 19% a year, about 5.3 years per position

Low
Moderate
High

Top 5 positions14% of US stock

BRK.B BERKSHIRE HATHAWAY Class B added+0.09 pp added+0.093.6%
MO Altria Group, Inc. trimmed−0.38 pp trimmed−0.382.7%
CMCSA Comcast Corp trimmed−0.03 pp trimmed−0.032.7%
JNJ Johnson & Johnson trimmed−0.18 pp trimmed−0.182.7%
AXP American Express Company held held2.6%

Positions102 in this filing · 3 exited


BRK.BBERKSHIRE HATHAWAY Class B	3.63%	88,751	$25M	added0%	+0.09 pp	17 q
MOAltria Group, Inc.	2.69%	383,526	$18M	trimmed−0%	−0.38 pp	11 q
CMCSAComcast Corp	2.68%	319,492	$18M	trimmed−0%	−0.03 pp	4 q
JNJJohnson & Johnson	2.66%	109,817	$18M	trimmed−1%	−0.18 pp	33 q
AXPAmerican Express Company	2.65%	109,079	$18M	held	—	33 q
JPMJPMorgan Chase & Co.	2.61%	114,308	$18M	trimmed−0%	−0.11 pp	9 q
FISVFiserv, Inc.	2.56%	162,997	$17M	added×2.9	+1.50 pp	33 q
GDGeneral Dynamics Corporation	2.50%	90,374	$17M	added0%	−0.06 pp	33 q
MRSHMarsh	2.41%	116,427	$16M	trimmed−16%	−0.24 pp	33 q
ETNEaton Corporation, plc	2.41%	110,553	$16M	trimmed−11%	−0.29 pp	33 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.38%	40,476	$16M	trimmed−7%	−0.15 pp	33 q
RDS.ARoyal Dutch Shell PLC	2.30%	387,990	$16M	held	—	16 q
GPCGenuine Parts Company	2.20%	118,335	$15M	trimmed−0%	+0.06 pp	3 q
CBChubb Limited	2.19%	93,606	$15M	held	—	22 q
SLBSLB Limited	2.18%	462,660	$15M	held	—	2 q
HONHoneywell International, Inc.	2.17%	67,202	$15M	held	—	5 q
BMYBristol-Myers Squibb Co.	2.11%	214,596	$14M	held	—	6 q
DDDuPont de Nemours, Inc.	2.11%	185,791	$14M	held	—	9 q
BACBank of America Corporation	2.05%	337,408	$14M	trimmed−20%	−0.50 pp	27 q
SEICSEI Investments Co	2.05%	224,440	$14M	held	—	4 q
LLoews Corporation	1.99%	247,045	$14M	trimmed−20%	−0.48 pp	33 q
DISThe Walt Disney Company	1.98%	76,715	$13M	added0%	−0.23 pp	5 q
KHCThe Kraft Heinz Company	1.97%	327,927	$13M	trimmed−28%	−0.89 pp	7 q
AMZNAmazon.Com Inc	1.94%	3,832	$13M	trimmed−1%	+0.07 pp	15 q
AAPLApple Inc.	1.81%	89,837	$12M	trimmed−1%	+0.07 pp	33 q
GOOGLAlphabet Inc. Class A	1.80%	5,018	$12M	trimmed−2%	+0.14 pp	24 q
VMWVMware, Inc	1.79%	76,069	$12M	new	+1.79 pp	new
ORCLOracle Corp	1.78%	155,247	$12M	trimmed−35%	−0.84 pp	4 q
MSFTMicrosoft Corp	1.63%	40,890	$11M	trimmed−1%	+0.11 pp	21 q
INTCIntel Corp	1.57%	190,570	$11M	held	—	33 q
CPRTCopart Inc	1.42%	73,066	$10M	trimmed−1%	+0.17 pp	19 q
ADBEAdobe Inc.	1.29%	14,957	$9M	trimmed−2%	+0.16 pp	33 q
DHRDanaher Corporation	1.21%	30,579	$8M	trimmed−1%	+0.12 pp	33 q
AMTAmerican Tower Corporation	1.20%	30,326	$8M	trimmed−2%	+0.04 pp	33 q
VVISA Inc.	1.15%	33,563	$8M	added0%	+0.04 pp	33 q
LZAGYLonza Group AG UNSP/	1.12%	107,066	$8M	trimmed−0%	+0.18 pp	16 q
NKENike, Inc.	1.01%	44,656	$7M	trimmed−0%	+0.08 pp	33 q
ORLYO'Reilly Automotive, Inc.	1.00%	12,019	$7M	trimmed−0%	+0.04 pp	19 q
IDXXIdexx Laboratories Inc	0.98%	10,528	$7M	trimmed−5%	+0.13 pp	14 q
METAMeta Platforms, Inc. Class A	0.94%	18,465	$6M	trimmed−1%	+0.08 pp	23 q
unresolvedCooper Cos Inc/The	0.90%	15,481	$6M	trimmed−0%	−0.03 pp	28 q
GMABGenmab A/S	0.88%	146,774	$6M	added0%	+0.13 pp	19 q
ROPRoper Technologies, Inc.	0.88%	12,763	$6M	trimmed−0%	+0.07 pp	11 q
SHWThe Sherwin-Williams Company	0.83%	20,669	$6M	trimmed−5%	0.00 pp	18 q
VRSKVerisk Analytics, Inc.	0.83%	32,488	$6M	added+1%	−0.06 pp	28 q
KLACKLA Corporation	0.82%	17,109	$6M	added×3.3	+0.55 pp	2 q
ACNAccenture PLC	0.79%	18,212	$5M	trimmed−2%	−0.01 pp	33 q
APHAmphenol Corporation	0.77%	76,956	$5M	trimmed−1%	−0.03 pp	33 q
SCHWThe Charles Schwab Corporation	0.76%	70,725	$5M	added+45%	+0.26 pp	2 q
CNSWFConstellation Sftwre Inc	0.75%	3,384	$5M	trimmed−0%	0.00 pp	2 q
TYLTyler Technologies, Inc.	0.56%	8,410	$4M	added+1%	+0.01 pp	2 q
ZBRAZebra Technologies Corporation	0.44%	5,600	$3M	added+1%	+0.02 pp	6 q
BXBlackstone Inc.	0.36%	25,102	$2M	trimmed−23%	−0.02 pp	11 q
CORCoresite Realty Corp	0.35%	17,552	$2M	trimmed−2%	+0.02 pp	6 q
AZPNAspen Technology Inc	0.34%	16,681	$2M	trimmed−11%	−0.08 pp	19 q
ENBEnbridge, Inc	0.34%	56,923	$2M	trimmed−1%	+0.01 pp	33 q
POOLPool Corporation	0.34%	5,040	$2M	trimmed−12%	+0.03 pp	16 q
HDHome Depot, Inc.	0.33%	7,129	$2M	trimmed−10%	−0.05 pp	6 q
PRUPrudential Financial, Inc.	0.33%	21,951	$2M	trimmed−2%	+0.01 pp	20 q
ABBVAbbvie Inc.	0.32%	19,525	$2M	trimmed−0%	−0.01 pp	21 q
AMGNAmgen Inc	0.32%	9,060	$2M	added+8%	−0.01 pp	16 q
LMTLockheed Martin Corp.	0.32%	5,714	$2M	trimmed−2%	−0.02 pp	21 q
PSXPhillips 66	0.32%	25,343	$2M	added+11%	+0.03 pp	21 q
QCOMQualcomm Inc	0.32%	15,205	$2M	added+1%	+0.01 pp	21 q
SBACSBA Communications Corp	0.32%	6,932	$2M	trimmed−0%	+0.02 pp	18 q
LYBLyondellBasell Industries N.V. Class A	0.32%	21,381	$2M	added+9%	0.00 pp	21 q
CTLTCatalent, Inc.	0.31%	19,708	$2M	trimmed−8%	−0.04 pp	10 q
HALOHalozyme Therapeutics, Inc.	0.31%	46,086	$2M	trimmed−1%	+0.01 pp	19 q
GILDGilead Sciences Inc	0.30%	29,192	$2M	added+20%	+0.05 pp	6 q
MMM3M Company	0.30%	10,303	$2M	trimmed−0%	−0.01 pp	6 q
CCICrown Castle Inc.	0.29%	9,982	$2M	trimmed−1%	+0.02 pp	5 q
TDOCTeladoc Health, Inc.	0.29%	11,851	$2M	added+6%	−0.03 pp	8 q
AKXAnsys Inc	0.28%	5,415	$2M	added+1%	0.00 pp	19 q
CMICummins Inc.	0.28%	7,857	$2M	trimmed−0%	−0.04 pp	12 q
MTDMettler-Toledo International	0.27%	1,324	$2M	trimmed−12%	0.00 pp	19 q
OMCLOmnicell Inc	0.27%	12,332	$2M	trimmed−12%	−0.02 pp	19 q
PAYXPaychex Inc	0.27%	17,137	$2M	trimmed−1%	+0.01 pp	2 q
VRRMVerra Mobility Corporation Class A	0.27%	118,661	$2M	added+9%	+0.04 pp	8 q
AMNAMN Healthcare Services	0.26%	18,556	$2M	trimmed−10%	+0.02 pp	15 q
JKHYHenry (Jack) & Associates	0.26%	10,776	$2M	added+1%	+0.01 pp	19 q
QLYSQualys, Inc.	0.26%	17,581	$2M	added+15%	+0.01 pp	19 q
HXLHexcel Corporation	0.25%	27,670	$2M	added+1%	+0.01 pp	19 q
MKSIMKS Inc.	0.25%	9,519	$2M	trimmed−1%	−0.03 pp	13 q
MCDMcDonald's Corporation	0.25%	7,246	$2M	trimmed−17%	−0.06 pp	6 q
MPWRMonolithic Power Systems, Inc.	0.25%	4,626	$2M	added+1%	0.00 pp	11 q
MYOVMyovant Sciences Ltd	0.25%	73,704	$2M	added+17%	+0.05 pp	5 q
RCKTRocket Pharmaceuticals, Inc.	0.24%	37,360	$2M	added+29%	+0.04 pp	7 q
CSCOCisco Systems, Inc. (DE)	0.23%	29,669	$2M	trimmed−1%	−0.01 pp	33 q
SPNNSapiens International Corp	0.23%	58,587	$2M	added+1%	−0.06 pp	3 q
ICFIICF International, Inc.	0.22%	17,122	$2M	added+1%	−0.01 pp	19 q
BMRNBioMarin Pharmaceuticals Inc	0.20%	16,199	$1M	added+1%	+0.01 pp	30 q
IPGPIPG Photonics Corporation	0.20%	6,472	$1M	trimmed−1%	−0.01 pp	19 q
PRAAPRA Group, Inc.	0.20%	34,554	$1M	added+1%	0.00 pp	16 q
RBCRBC Bearings Incorporated	0.19%	6,648	$1M	added+1%	−0.01 pp	3 q
CHDChurch & Dwight Co., Inc.	0.18%	14,036	$1M	added+1%	−0.01 pp	19 q
BPMCBlueprint Medicines Corporation	0.15%	11,849	$1M	added+3%	−0.03 pp	2 q
DTDynatrace, Inc.	0.15%	17,906	$1M	new	+0.15 pp	new
GOOGAlphabet Inc. Class C	0.13%	357	$895,000	trimmed−2%	+0.01 pp	15 q
IWFiShares Russell 1000 Growth ETF	0.10%	2,461	$668,000	held	—	11 q
SBUXStarbucks Corp	0.07%	4,085	$457,000	added+2%	0.00 pp	12 q
ECLEcolab, Inc.	0.04%	1,370	$282,000	held	—	15 q
IWPiShares Russell Mid-Cap Growth ETF	0.03%	2,044	$231,000	held	—	2 q
MSIMotorola Solutions, Inc. New	—	−25,298	—	exited	−0.74 pp	—
CYBRCyberark Software LTD/ISRAEL	—	−8,787	—	exited	−0.18 pp	—
NFLXNetFlix Inc	—	−386	—	exited	−0.03 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 1 unresolved
Accession: 0000950123-21-009569
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 21037X100 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 54338V101 not on the Official 13(f) List for 2021-06-30

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