Torray

Q4 2021 13F · by James Bailey, portfolio manager

As of: Dec 31, 2021
Filed: Feb 4, 2022
US stock: $678M · prev $653M
Positions: 107 · prev 98
Options notional: $0
Documents: 1· no amendments

Picture98.3% US stock

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

US stock listed on a US exchange 98.3%
Foreign stock not listed in the US 1.7%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves109 since the prior filing

+9.7 pp in · −10.0 pp out

New 16 +8.40 pp
Added 25 +1.33 pp
Trimmed 61 −5.27 pp
Exited 7 −4.69 pp

The book

Diversified · behaves like 57 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 40% a year, about 2.5 years per position

Low
Moderate
High

Top 5 positions15% of US stock

BRK.B BERKSHIRE HATHAWAY Class B added+0.22 pp added+0.223.4%
GOOGL Alphabet Inc. Class A trimmed+0.06 pp trimmed+0.063.3%
FISV Fiserv, Inc. trimmed−0.28 pp trimmed−0.283.1%
MO Altria Group, Inc. added+0.01 pp added+0.012.7%
UNH UNITEDHEALTH GROUP INCORPORATED (Delaware) trimmed+0.27 pp trimmed+0.272.5%

Positions107 in this filing · 7 exited


BRK.BBERKSHIRE HATHAWAY Class B	3.35%	75,882	$23M	added+1%	+0.22 pp	19 q
GOOGLAlphabet Inc. Class A	3.32%	7,762	$22M	trimmed−3%	+0.06 pp	26 q
FISVFiserv, Inc.	3.12%	204,032	$21M	trimmed−0%	−0.28 pp	35 q
MOAltria Group, Inc.	2.69%	384,760	$18M	added0%	+0.01 pp	13 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.55%	34,428	$17M	trimmed−10%	+0.27 pp	35 q
JPMJPMorgan Chase & Co.	2.54%	108,599	$17M	trimmed−5%	−0.33 pp	11 q
JNJJohnson & Johnson	2.45%	97,174	$17M	trimmed−7%	−0.13 pp	35 q
MRSHMarsh	2.45%	95,585	$17M	trimmed−18%	−0.25 pp	35 q
GDGeneral Dynamics Corporation	2.40%	78,221	$16M	trimmed−13%	−0.31 pp	35 q
CMCSAComcast Corp	2.39%	321,979	$16M	added+1%	−0.35 pp	6 q
CBChubb Limited	2.36%	82,627	$16M	trimmed−12%	−0.12 pp	24 q
ETNEaton Corporation, plc	2.32%	91,134	$16M	trimmed−18%	−0.21 pp	35 q
DDDuPont de Nemours, Inc.	2.21%	185,791	$15M	held	—	11 q
AAPLApple Inc.	2.17%	82,687	$15M	trimmed−5%	+0.28 pp	35 q
AXPAmerican Express Company	2.16%	89,716	$15M	trimmed−18%	−0.64 pp	35 q
GPCGenuine Parts Company	2.11%	102,034	$14M	trimmed−14%	−0.09 pp	5 q
HONHoneywell International, Inc.	2.04%	66,302	$14M	trimmed−1%	−0.14 pp	7 q
SLBSLB Limited	2.04%	462,660	$14M	held	—	4 q
BMYBristol-Myers Squibb Co.	2.00%	217,052	$14M	added+1%	+0.06 pp	8 q
MSFTMicrosoft Corp	1.98%	40,006	$13M	trimmed−0%	+0.25 pp	23 q
AMZNAmazon.Com Inc	1.89%	3,835	$13M	added+1%	−0.02 pp	17 q
PSXPhillips 66	1.84%	171,951	$12M	added+19%	+0.29 pp	23 q
GMGeneral Motors Company	1.74%	201,775	$12M	new	+1.74 pp	new
KHCThe Kraft Heinz Company	1.74%	327,927	$12M	held	—	9 q
TROWT Rowe Price Group Inc	1.70%	58,481	$12M	new	+1.70 pp	new
BACBank of America Corporation	1.68%	255,679	$11M	trimmed−24%	−0.51 pp	29 q
VMWVMware, Inc	1.68%	98,217	$11M	added+19%	−0.20 pp	3 q
EOGEOG Resources, Inc.	1.64%	125,241	$11M	held	—	2 q
AMATApplied Materials Inc	1.62%	69,936	$11M	new	+1.62 pp	new
DISThe Walt Disney Company	1.54%	67,216	$10M	trimmed−13%	−0.45 pp	7 q
AMTAmerican Tower Corporation	1.22%	28,384	$8M	trimmed−3%	+0.03 pp	35 q
ORLYO'Reilly Automotive, Inc.	1.20%	11,558	$8M	trimmed−6%	+0.05 pp	21 q
VVISA Inc.	1.19%	37,238	$8M	added+12%	+0.06 pp	35 q
KLACKLA Corporation	1.07%	16,907	$7M	trimmed−2%	+0.18 pp	4 q
CPRTCopart Inc	1.05%	46,815	$7M	trimmed−24%	−0.25 pp	21 q
ADBEAdobe Inc.	1.02%	12,230	$7M	trimmed−3%	−0.09 pp	35 q
VRSKVerisk Analytics, Inc.	1.02%	30,309	$7M	trimmed−5%	+0.04 pp	30 q
SHWThe Sherwin-Williams Company	0.99%	19,071	$7M	trimmed−5%	+0.13 pp	20 q
DHRDanaher Corporation	0.97%	19,948	$7M	trimmed−32%	−0.39 pp	35 q
TYLTyler Technologies, Inc.	0.96%	12,043	$6M	added+17%	+0.24 pp	4 q
unresolvedCooper Cos Inc/The	0.95%	15,356	$6M	trimmed−10%	−0.13 pp	30 q
METAMeta Platforms, Inc. Class A	0.95%	19,095	$6M	trimmed−7%	−0.12 pp	25 q
IDXXIdexx Laboratories Inc	0.93%	9,583	$6M	trimmed−7%	−0.05 pp	16 q
ACNAccenture PLC	0.93%	15,239	$6M	trimmed−16%	+0.04 pp	35 q
APHAmphenol Corporation	0.92%	71,623	$6M	trimmed−6%	+0.07 pp	35 q
LZAGYLonza Group AG UNSP/	0.86%	69,828	$6M	trimmed−35%	−0.37 pp	18 q
CNSWFConstellation Sftwre Inc	0.85%	3,092	$6M	trimmed−5%	+0.03 pp	4 q
NKENike, Inc.	0.84%	34,087	$6M	trimmed−3%	+0.06 pp	35 q
SCHWThe Charles Schwab Corporation	0.82%	66,454	$6M	trimmed−5%	+0.04 pp	4 q
GMABGenmab A/S	0.81%	139,390	$6M	trimmed−4%	−0.16 pp	21 q
RPRXRoyalty Pharma plc Class A	0.81%	137,941	$5M	new	+0.81 pp	new
ENTGEntegris Inc	0.64%	31,330	$4M	new	+0.64 pp	new
Broadcom Incconvertible	0.48%	1,575	$3M	new	+0.48 pp	new
AMGNAmgen Inc	0.47%	14,148	$3M	added+37%	+0.13 pp	18 q
HDHome Depot, Inc.	0.45%	7,324	$3M	added+2%	+0.09 pp	8 q
LYBLyondellBasell Industries N.V. Class A	0.45%	32,751	$3M	added+49%	+0.14 pp	23 q
LMTLockheed Martin Corp.	0.43%	8,113	$3M	added+41%	+0.13 pp	23 q
QCOMQualcomm Inc	0.43%	15,944	$3M	added+3%	+0.12 pp	23 q
ABBVAbbvie Inc.	0.41%	20,529	$3M	added+4%	+0.08 pp	23 q
BXBlackstone Inc.	0.39%	20,625	$3M	added+2%	+0.03 pp	13 q
PRUPrudential Financial, Inc.	0.38%	23,969	$3M	added+9%	+0.03 pp	22 q
ENBEnbridge, Inc	0.37%	63,979	$3M	added+10%	+0.02 pp	35 q
PAYXPaychex Inc	0.37%	18,619	$3M	added+8%	+0.07 pp	4 q
RNRRenaissanceRe Holdings Ltd.	0.37%	14,997	$3M	new	+0.37 pp	new
ZBRAZebra Technologies Corporation	0.35%	3,976	$2M	trimmed−21%	−0.05 pp	8 q
GILDGilead Sciences Inc	0.34%	32,139	$2M	added+8%	+0.02 pp	8 q
CCICrown Castle Inc.	0.33%	10,700	$2M	added+6%	+0.06 pp	7 q
MCDMcDonald's Corporation	0.32%	8,035	$2M	added+9%	+0.05 pp	8 q
CSCOCisco Systems, Inc. (DE)	0.30%	31,816	$2M	added+6%	+0.05 pp	35 q
POOLPool Corporation	0.30%	3,641	$2M	trimmed−28%	−0.04 pp	18 q
SBACSBA Communications Corp	0.28%	4,964	$2M	trimmed−29%	−0.07 pp	20 q
CMICummins Inc.	0.27%	8,527	$2M	added+6%	−0.01 pp	14 q
CTLTCatalent, Inc.	0.25%	13,154	$2M	trimmed−27%	−0.12 pp	12 q
MTDMettler-Toledo International	0.24%	974	$2M	trimmed−27%	−0.04 pp	21 q
MPWRMonolithic Power Systems, Inc.	0.24%	3,248	$2M	trimmed−30%	−0.10 pp	13 q
OMCLOmnicell Inc	0.24%	8,961	$2M	trimmed−28%	−0.04 pp	21 q
AMNAMN Healthcare Services	0.23%	12,789	$2M	trimmed−27%	−0.08 pp	17 q
AZPNAspen Technology Inc	0.23%	10,287	$2M	trimmed−33%	−0.06 pp	21 q
HIIHuntington Ingalls Industries, Inc.	0.23%	8,523	$2M	new	+0.23 pp	new
QLYSQualys, Inc.	0.23%	11,154	$2M	trimmed−29%	−0.04 pp	21 q
AKXAnsys Inc	0.22%	3,735	$1M	trimmed−27%	−0.05 pp	21 q
RBCRBC Bearings Incorporated	0.22%	7,289	$1M	trimmed−27%	−0.10 pp	5 q
BNDVanguard Total Bond Market	0.22%	17,640	$1M	new	+0.22 pp	new
HALOHalozyme Therapeutics, Inc.	0.21%	35,850	$1M	trimmed−23%	−0.08 pp	21 q
SPNNSapiens International Corp	0.21%	41,630	$1M	trimmed−29%	−0.05 pp	5 q
JKHYHenry (Jack) & Associates	0.20%	8,035	$1M	trimmed−26%	−0.07 pp	21 q
MKSIMKS Inc.	0.20%	7,957	$1M	trimmed−17%	−0.02 pp	15 q
VRRMVerra Mobility Corporation Class A	0.20%	88,528	$1M	trimmed−26%	−0.08 pp	10 q
ICFIICF International, Inc.	0.19%	12,506	$1M	trimmed−28%	−0.05 pp	21 q
RYANRyan Specialty Holdings, Inc.	0.19%	31,350	$1M	new	+0.19 pp	new
BPMCBlueprint Medicines Corporation	0.18%	11,570	$1M	trimmed−27%	−0.07 pp	4 q
BMRNBioMarin Pharmaceuticals Inc	0.16%	12,237	$1M	trimmed−25%	−0.03 pp	32 q
CHDChurch & Dwight Co., Inc.	0.16%	10,286	$1M	trimmed−28%	−0.02 pp	21 q
HXLHexcel Corporation	0.16%	20,328	$1M	trimmed−27%	−0.09 pp	21 q
GOOGAlphabet Inc. Class C	0.14%	333	$964,000	trimmed−6%	−0.01 pp	17 q
DTDynatrace, Inc.	0.13%	15,149	$914,000	trimmed−24%	−0.09 pp	3 q
MYOVMyovant Sciences Ltd	0.13%	54,979	$856,000	trimmed−26%	−0.13 pp	7 q
RCKTRocket Pharmaceuticals, Inc.	0.12%	36,449	$796,000	trimmed−4%	−0.05 pp	9 q
IGSBiShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF	0.11%	14,255	$768,000	new	+0.11 pp	new
VICRVicor Corp	0.10%	5,282	$671,000	new	+0.10 pp	new
IWFiShares Russell 1000 Growth ETF	0.09%	2,011	$615,000	held	—	13 q
SBUXStarbucks Corp	0.08%	4,560	$533,000	added+12%	+0.01 pp	14 q
TDOCTeladoc Health, Inc.	0.08%	5,547	$509,000	trimmed−54%	−0.15 pp	10 q
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF	0.06%	3,295	$437,000	new	+0.06 pp	new
MUBiShares National Muni Bond ETF	0.06%	3,750	$436,000	new	+0.06 pp	new
MBBiShares MBS ETF	0.04%	2,392	$257,000	new	+0.04 pp	new
WMTWalmart Inc.	0.03%	1,398	$202,000	new	+0.03 pp	new
INTCIntel Corp	—	−190,570	—	exited	−1.55 pp	—
LLoews Corporation	—	−179,198	—	exited	−1.48 pp	—
ROPRoper Technologies, Inc.	—	−12,763	—	exited	−0.87 pp	—
CORCoresite Realty Corp	—	−14,743	—	exited	−0.31 pp	—
MMM3M Company	—	−10,466	—	exited	−0.28 pp	—
IPGPIPG Photonics Corporation	—	−6,571	—	exited	−0.16 pp	—
ECLEcolab, Inc.	—	−1,370	—	exited	−0.04 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 1 unresolved
Accession: 0000950123-22-001002
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 2021-12-31
A security outside the official 13F list — CUSIP 54338V101 not on the Official 13(f) List for 2021-12-31

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