Torray

Q3 2021 13F · by James Bailey, portfolio manager

As of: Sep 30, 2021
Filed: Nov 2, 2021
US stock: $653M · prev $680M
Positions: 98 · prev 102
Options notional: $0
Documents: 1· no amendments

Picture98.0% US stock

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

US stock listed on a US exchange 98.0%
Foreign stock not listed in the US 2.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves90 since the prior filing

+6.8 pp in · −7.1 pp out

New 1 +1.54 pp
Added 52 +5.27 pp
Trimmed 32 −0.72 pp
Exited 5 −6.36 pp

The book

Diversified · behaves like 54 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 22% a year, about 4.5 years per position

Low
Moderate
High

Top 5 positions15% of US stock

FISV Fiserv, Inc. added+0.84 pp added+0.843.4%
GOOGL Alphabet Inc. Class A added+1.46 pp added+1.463.3%
BRK.B BERKSHIRE HATHAWAY Class B trimmed−0.50 pp trimmed−0.503.1%
JPM JPMorgan Chase & Co. added+0.26 pp added+0.262.9%
AXP American Express Company held held2.8%

Positions98 in this filing · 5 exited


FISVFiserv, Inc.	3.40%	204,766	$22M	added+26%	+0.84 pp	34 q
GOOGLAlphabet Inc. Class A	3.26%	7,962	$21M	added+59%	+1.46 pp	25 q
BRK.BBERKSHIRE HATHAWAY Class B	3.13%	74,832	$20M	trimmed−16%	−0.50 pp	18 q
JPMJPMorgan Chase & Co.	2.87%	114,602	$19M	added0%	+0.26 pp	10 q
AXPAmerican Express Company	2.80%	109,079	$18M	held	—	34 q
CMCSAComcast Corp	2.74%	319,974	$18M	added0%	+0.06 pp	5 q
GDGeneral Dynamics Corporation	2.71%	90,319	$18M	trimmed−0%	+0.21 pp	34 q
MRSHMarsh	2.70%	116,427	$18M	held	—	34 q
MOAltria Group, Inc.	2.68%	384,252	$17M	added0%	−0.01 pp	12 q
JNJJohnson & Johnson	2.58%	104,233	$17M	trimmed−5%	−0.08 pp	34 q
ETNEaton Corporation, plc	2.53%	110,553	$17M	held	—	34 q
CBChubb Limited	2.48%	93,606	$16M	held	—	23 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.28%	38,105	$15M	trimmed−6%	−0.10 pp	34 q
GPCGenuine Parts Company	2.20%	118,467	$14M	added0%	0.00 pp	4 q
BACBank of America Corporation	2.19%	337,908	$14M	added0%	+0.14 pp	28 q
HONHoneywell International, Inc.	2.18%	67,202	$14M	held	—	6 q
SLBSLB Limited	2.10%	462,660	$14M	held	—	3 q
DISThe Walt Disney Company	1.99%	76,815	$13M	added0%	+0.01 pp	6 q
BMYBristol-Myers Squibb Co.	1.94%	214,596	$13M	held	—	7 q
DDDuPont de Nemours, Inc.	1.93%	185,791	$13M	held	—	10 q
AMZNAmazon.Com Inc	1.91%	3,807	$13M	trimmed−1%	−0.03 pp	16 q
AAPLApple Inc.	1.89%	87,158	$12M	trimmed−3%	+0.08 pp	34 q
VMWVMware, Inc	1.88%	82,429	$12M	added+8%	+0.09 pp	2 q
KHCThe Kraft Heinz Company	1.85%	327,927	$12M	held	—	8 q
MSFTMicrosoft Corp	1.73%	40,010	$11M	trimmed−2%	+0.10 pp	22 q
INTCIntel Corp	1.55%	190,570	$10M	held	—	34 q
PSXPhillips 66	1.55%	144,261	$10M	added×5.7	+1.23 pp	22 q
EOGEOG Resources, Inc.	1.54%	125,241	$10M	new	+1.54 pp	new
LLoews Corporation	1.48%	179,198	$10M	trimmed−27%	−0.51 pp	34 q
DHRDanaher Corporation	1.36%	29,167	$9M	trimmed−5%	+0.15 pp	34 q
CPRTCopart Inc	1.30%	61,344	$9M	trimmed−16%	−0.12 pp	20 q
LZAGYLonza Group AG UNSP/	1.23%	107,273	$8M	added0%	+0.11 pp	17 q
AMTAmerican Tower Corporation	1.19%	29,348	$8M	trimmed−3%	−0.01 pp	34 q
ORLYO'Reilly Automotive, Inc.	1.15%	12,315	$8M	added+2%	+0.15 pp	20 q
VVISA Inc.	1.13%	33,247	$7M	trimmed−1%	−0.02 pp	34 q
ADBEAdobe Inc.	1.11%	12,548	$7M	trimmed−16%	−0.18 pp	34 q
unresolvedCooper Cos Inc/The	1.08%	17,136	$7M	added+11%	+0.18 pp	29 q
METAMeta Platforms, Inc. Class A	1.07%	20,628	$7M	added+12%	+0.13 pp	24 q
IDXXIdexx Laboratories Inc	0.98%	10,336	$6M	trimmed−2%	0.00 pp	15 q
VRSKVerisk Analytics, Inc.	0.98%	32,009	$6M	trimmed−1%	+0.15 pp	29 q
GMABGenmab A/S	0.97%	145,698	$6M	trimmed−1%	+0.09 pp	20 q
KLACKLA Corporation	0.89%	17,317	$6M	added+1%	+0.07 pp	3 q
ACNAccenture PLC	0.89%	18,203	$6M	trimmed−0%	+0.10 pp	34 q
ROPRoper Technologies, Inc.	0.87%	12,763	$6M	held	—	12 q
SHWThe Sherwin-Williams Company	0.86%	20,176	$6M	trimmed−2%	+0.03 pp	19 q
APHAmphenol Corporation	0.85%	75,802	$6M	trimmed−2%	+0.08 pp	34 q
CNSWFConstellation Sftwre Inc	0.82%	3,258	$5M	trimmed−4%	+0.07 pp	3 q
NKENike, Inc.	0.78%	35,026	$5M	trimmed−22%	−0.23 pp	34 q
SCHWThe Charles Schwab Corporation	0.78%	70,307	$5M	trimmed−1%	+0.02 pp	3 q
TYLTyler Technologies, Inc.	0.72%	10,320	$5M	added+23%	+0.16 pp	3 q
ZBRAZebra Technologies Corporation	0.40%	5,027	$3M	trimmed−10%	−0.04 pp	7 q
CTLTCatalent, Inc.	0.37%	18,119	$2M	trimmed−8%	+0.06 pp	11 q
BXBlackstone Inc.	0.36%	20,298	$2M	trimmed−19%	0.00 pp	12 q
HDHome Depot, Inc.	0.36%	7,152	$2M	added0%	+0.03 pp	7 q
ENBEnbridge, Inc	0.35%	58,063	$2M	added+2%	+0.01 pp	34 q
PRUPrudential Financial, Inc.	0.35%	22,006	$2M	added0%	+0.02 pp	21 q
SBACSBA Communications Corp	0.35%	6,962	$2M	added0%	+0.03 pp	19 q
AMGNAmgen Inc	0.34%	10,332	$2M	added+14%	+0.02 pp	17 q
MPWRMonolithic Power Systems, Inc.	0.34%	4,644	$2M	added0%	+0.09 pp	12 q
POOLPool Corporation	0.34%	5,084	$2M	added+1%	0.00 pp	17 q
ABBVAbbvie Inc.	0.33%	19,753	$2M	added+1%	+0.01 pp	22 q
GILDGilead Sciences Inc	0.32%	29,737	$2M	added+2%	+0.02 pp	7 q
RBCRBC Bearings Incorporated	0.32%	9,936	$2M	added+49%	+0.13 pp	4 q
AMNAMN Healthcare Services	0.31%	17,513	$2M	trimmed−6%	+0.05 pp	16 q
CORCoresite Realty Corp	0.31%	14,743	$2M	trimmed−16%	−0.04 pp	7 q
QCOMQualcomm Inc	0.31%	15,547	$2M	added+2%	−0.01 pp	22 q
LYBLyondellBasell Industries N.V. Class A	0.31%	21,924	$2M	added+3%	−0.01 pp	22 q
LMTLockheed Martin Corp.	0.30%	5,768	$2M	added+1%	−0.02 pp	22 q
PAYXPaychex Inc	0.30%	17,163	$2M	added0%	+0.03 pp	3 q
AZPNAspen Technology Inc	0.29%	15,466	$2M	trimmed−7%	−0.05 pp	20 q
HALOHalozyme Therapeutics, Inc.	0.29%	46,669	$2M	added+1%	−0.02 pp	20 q
CMICummins Inc.	0.28%	8,045	$2M	added+2%	0.00 pp	13 q
MTDMettler-Toledo International	0.28%	1,331	$2M	added+1%	+0.01 pp	20 q
OMCLOmnicell Inc	0.28%	12,427	$2M	added+1%	+0.01 pp	20 q
MMM3M Company	0.28%	10,466	$2M	added+2%	−0.02 pp	7 q
VRRMVerra Mobility Corporation Class A	0.28%	119,891	$2M	added+1%	+0.01 pp	9 q
AKXAnsys Inc	0.27%	5,134	$2M	trimmed−5%	−0.01 pp	20 q
CCICrown Castle Inc.	0.27%	10,140	$2M	added+2%	−0.02 pp	6 q
JKHYHenry (Jack) & Associates	0.27%	10,857	$2M	added+1%	+0.01 pp	20 q
MCDMcDonald's Corporation	0.27%	7,370	$2M	added+2%	+0.02 pp	7 q
QLYSQualys, Inc.	0.27%	15,633	$2M	trimmed−11%	+0.01 pp	20 q
MYOVMyovant Sciences Ltd	0.26%	74,305	$2M	added+1%	+0.01 pp	6 q
SPNNSapiens International Corp	0.26%	59,009	$2M	added+1%	+0.03 pp	4 q
BPMCBlueprint Medicines Corporation	0.25%	15,938	$2M	added+35%	+0.10 pp	3 q
CSCOCisco Systems, Inc. (DE)	0.25%	30,102	$2M	added+1%	+0.02 pp	34 q
HXLHexcel Corporation	0.25%	27,870	$2M	added+1%	0.00 pp	20 q
ICFIICF International, Inc.	0.24%	17,271	$2M	added+1%	+0.02 pp	20 q
TDOCTeladoc Health, Inc.	0.23%	11,981	$2M	added+1%	−0.06 pp	9 q
DTDynatrace, Inc.	0.22%	19,986	$1M	added+12%	+0.07 pp	2 q
MKSIMKS Inc.	0.22%	9,637	$1M	added+1%	−0.03 pp	14 q
BMRNBioMarin Pharmaceuticals Inc	0.19%	16,403	$1M	added+1%	−0.01 pp	31 q
CHDChurch & Dwight Co., Inc.	0.18%	14,218	$1M	added+1%	0.00 pp	20 q
RCKTRocket Pharmaceuticals, Inc.	0.17%	37,782	$1M	added+1%	−0.07 pp	8 q
IPGPIPG Photonics Corporation	0.16%	6,571	$1M	added+2%	−0.04 pp	20 q
GOOGAlphabet Inc. Class C	0.15%	356	$949,000	trimmed−0%	+0.02 pp	16 q
IWFiShares Russell 1000 Growth ETF	0.08%	2,011	$551,000	trimmed−18%	−0.02 pp	12 q
SBUXStarbucks Corp	0.07%	4,085	$451,000	held	—	13 q
ECLEcolab, Inc.	0.04%	1,370	$286,000	held	—	16 q
RDS.ARoyal Dutch Shell PLC	—	−387,990	—	exited	−2.30 pp	—
SEICSEI Investments Co	—	−224,440	—	exited	−2.05 pp	—
ORCLOracle Corp	—	−155,247	—	exited	−1.78 pp	—
PRAAPRA Group, Inc.	—	−34,554	—	exited	−0.20 pp	—
IWPiShares Russell Mid-Cap Growth ETF	—	−2,044	—	exited	−0.03 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 1 unresolved
Accession: 0000950123-21-013815
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 2021-09-30
A security outside the official 13F list — CUSIP 54338V101 not on the Official 13(f) List for 2021-09-30

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