Torray

Q2 2022 13F · by James Bailey, portfolio manager

As of: Jun 30, 2022
Filed: Aug 2, 2022
US stock: $524M · prev $623M
Positions: 99 · prev 100
Options notional: $0
Documents: 1· no amendments

Picture98.5% US stock

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

US stock listed on a US exchange 98.5%
Foreign stock not listed in the US 1.4%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves89 since the prior filing

+4.1 pp in · −4.5 pp out

New 2 +1.02 pp
Added 45 +3.10 pp
Trimmed 39 −1.02 pp
Exited 3 −3.49 pp

The book

Diversified · behaves like 55 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 21% a year, about 4.8 years per position

Low
Moderate
High

Top 5 positions16% of US stock

Positions99 in this filing · 3 exited


GOOGLAlphabet Inc. Class A	3.65%	8,788	$19M	added+8%	+0.03 pp	28 q
FISVFiserv, Inc.	3.39%	199,453	$18M	trimmed−6%	−0.06 pp	37 q
BRK.BBERKSHIRE HATHAWAY Class B	3.32%	63,806	$17M	added+17%	+0.24 pp	21 q
GDGeneral Dynamics Corporation	2.91%	68,983	$15M	trimmed−0%	+0.24 pp	37 q
MRSHMarsh	2.83%	95,585	$15M	held	—	37 q
BMYBristol-Myers Squibb Co.	2.76%	187,540	$14M	trimmed−13%	+0.22 pp	10 q
MOAltria Group, Inc.	2.69%	337,980	$14M	added0%	−0.14 pp	15 q
GPCGenuine Parts Company	2.62%	103,251	$14M	added0%	+0.54 pp	7 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.61%	26,675	$14M	trimmed−13%	+0.11 pp	37 q
JNJJohnson & Johnson	2.57%	75,750	$13M	trimmed−15%	+0.04 pp	37 q
TROWT Rowe Price Group Inc	2.39%	110,167	$13M	added+5%	−0.17 pp	3 q
JPMJPMorgan Chase & Co.	2.23%	103,880	$12M	added+16%	+0.27 pp	13 q
ETNEaton Corporation, plc	2.19%	91,134	$11M	held	—	37 q
CBChubb Limited	2.00%	53,351	$10M	held	—	26 q
KHCThe Kraft Heinz Company	1.96%	269,215	$10M	added+21%	+0.56 pp	11 q
AXPAmerican Express Company	1.95%	73,632	$10M	held	—	37 q
GMGeneral Motors Company	1.94%	320,767	$10M	added+58%	+0.52 pp	3 q
TXNTexas Instruments Incorporated	1.94%	66,253	$10M	added+17%	+0.28 pp	2 q
MSFTMicrosoft Corp	1.92%	39,154	$10M	trimmed−1%	−0.04 pp	25 q
PSXPhillips 66	1.92%	122,634	$10M	trimmed−26%	−0.37 pp	25 q
HONHoneywell International, Inc.	1.90%	57,352	$10M	held	—	9 q
DISThe Walt Disney Company	1.84%	102,131	$10M	added+51%	+0.35 pp	9 q
AAPLApple Inc.	1.82%	69,584	$10M	trimmed−2%	−0.16 pp	37 q
RNRRenaissanceRe Holdings Ltd.	1.77%	59,334	$9M	held	—	3 q
DDDuPont de Nemours, Inc.	1.72%	162,541	$9M	held	—	13 q
BACBank of America Corporation	1.62%	272,227	$8M	added+20%	+0.13 pp	31 q
AMZNAmazon.Com Inc	1.56%	76,951	$8M	added+1%	−0.44 pp	19 q
AMATApplied Materials Inc	1.47%	84,846	$8M	added+21%	−0.01 pp	3 q
EOGEOG Resources, Inc.	1.47%	70,000	$8M	trimmed−28%	−0.40 pp	4 q
SLBSLB Limited	1.43%	209,455	$7M	trimmed−25%	−0.43 pp	6 q
VVISA Inc.	1.31%	34,982	$7M	trimmed−1%	+0.05 pp	37 q
AMTAmerican Tower Corporation	1.30%	26,701	$7M	trimmed−1%	+0.21 pp	37 q
ORLYO'Reilly Automotive, Inc.	1.15%	9,526	$6M	trimmed−2%	+0.08 pp	23 q
RPRXRoyalty Pharma plc Class A	1.11%	139,012	$6M	added+5%	+0.28 pp	3 q
KLACKLA Corporation	1.02%	16,758	$5M	held	—	6 q
ADBEAdobe Inc.	0.98%	14,042	$5M	trimmed−3%	−0.08 pp	37 q
CPRTCopart Inc	0.94%	45,500	$5M	trimmed−0%	+0.02 pp	23 q
VRSKVerisk Analytics, Inc.	0.92%	27,931	$5M	trimmed−2%	−0.06 pp	32 q
DHRDanaher Corporation	0.91%	18,873	$5M	trimmed−1%	+0.01 pp	37 q
unresolvedCooper Cos Inc/The	0.90%	15,116	$5M	added+2%	−0.10 pp	32 q
SCHWThe Charles Schwab Corporation	0.88%	73,242	$5M	trimmed−0%	−0.11 pp	6 q
APHAmphenol Corporation	0.82%	67,102	$4M	trimmed−1%	0.00 pp	37 q
GMABGenmab A/S	0.82%	131,708	$4M	trimmed−1%	+0.05 pp	23 q
CNSWFConstellation Sftwre Inc	0.81%	2,869	$4M	trimmed−2%	0.00 pp	6 q
NOWServicenow, Inc.	0.80%	8,798	$4M	new	+0.80 pp	new
SHWThe Sherwin-Williams Company	0.76%	17,706	$4M	trimmed−1%	+0.04 pp	22 q
ACNAccenture PLC	0.75%	14,220	$4M	trimmed−1%	−0.03 pp	37 q
NKENike, Inc.	0.71%	36,403	$4M	trimmed−5%	−0.12 pp	37 q
TYLTyler Technologies, Inc.	0.70%	11,043	$4M	trimmed−5%	−0.13 pp	6 q
LZAGYLonza Group AG UNSP/	0.64%	63,052	$3M	trimmed−1%	−0.10 pp	20 q
IDXXIdexx Laboratories Inc	0.62%	9,275	$3M	added0%	−0.19 pp	18 q
AMGNAmgen Inc	0.61%	13,203	$3M	trimmed−12%	+0.03 pp	20 q
QCOMQualcomm Inc	0.58%	23,703	$3M	added+41%	+0.17 pp	25 q
LYBLyondellBasell Industries N.V. Class A	0.58%	34,854	$3M	added0%	+0.01 pp	25 q
HDHome Depot, Inc.	0.56%	10,728	$3M	added+5%	+0.07 pp	10 q
ENBEnbridge, Inc	0.55%	67,875	$3M	added+1%	+0.05 pp	37 q
GILDGilead Sciences Inc	0.53%	44,829	$3M	added+1%	+0.11 pp	10 q
ENTGEntegris Inc	0.51%	28,867	$3M	trimmed−3%	−0.11 pp	3 q
ABBVAbbvie Inc.	0.50%	17,032	$3M	added+1%	+0.06 pp	25 q
Broadcom Incconvertible	0.47%	1,652	$2M	trimmed−0%	−0.05 pp	3 q
LMTLockheed Martin Corp.	0.47%	5,757	$2M	added+1%	+0.06 pp	25 q
PRUPrudential Financial, Inc.	0.47%	25,587	$2M	added+1%	−0.01 pp	24 q
BXBlackstone Inc.	0.46%	26,158	$2M	added+14%	−0.01 pp	15 q
CCICrown Castle Inc.	0.45%	13,994	$2M	added+1%	+0.04 pp	9 q
HIIHuntington Ingalls Industries, Inc.	0.42%	10,188	$2M	added+1%	+0.10 pp	3 q
MCDMcDonald's Corporation	0.41%	8,711	$2M	added+1%	+0.07 pp	10 q
PAYXPaychex Inc	0.37%	17,193	$2M	added+1%	0.00 pp	6 q
CTLTCatalent, Inc.	0.34%	16,820	$2M	trimmed−0%	+0.04 pp	14 q
RYANRyan Specialty Holdings, Inc.	0.31%	40,929	$2M	trimmed−1%	+0.05 pp	3 q
SBACSBA Communications Corp	0.31%	5,133	$2M	trimmed−1%	+0.02 pp	22 q
CSCOCisco Systems, Inc. (DE)	0.30%	36,675	$2M	added+4%	−0.02 pp	37 q
JKHYHenry (Jack) & Associates	0.28%	8,286	$1M	trimmed−1%	+0.02 pp	23 q
VRRMVerra Mobility Corporation Class A	0.28%	92,784	$1M	added0%	+0.04 pp	12 q
RBCRBC Bearings Incorporated	0.27%	7,675	$1M	added0%	+0.03 pp	7 q
POOLPool Corporation	0.26%	3,914	$1M	added+2%	0.00 pp	20 q
MPWRMonolithic Power Systems, Inc.	0.25%	3,372	$1M	added0%	−0.01 pp	15 q
BNDVanguard Total Bond Market	0.25%	17,640	$1M	held	—	3 q
ZBRAZebra Technologies Corporation	0.25%	4,520	$1M	trimmed−0%	−0.05 pp	10 q
HALOHalozyme Therapeutics, Inc.	0.24%	28,293	$1M	trimmed−25%	0.00 pp	23 q
ICFIICF International, Inc.	0.24%	13,132	$1M	added0%	+0.04 pp	23 q
AMNAMN Healthcare Services	0.22%	10,643	$1M	trimmed−20%	0.00 pp	19 q
AZPNAspen Technology Inc	0.22%	6,414	$1M	new	+0.22 pp	new
MTDMettler-Toledo International	0.22%	1,012	$1M	held	—	23 q
QLYSQualys, Inc.	0.22%	8,959	$1M	added0%	+0.02 pp	23 q
DTDynatrace, Inc.	0.21%	27,368	$1M	added+27%	+0.05 pp	5 q
OMCLOmnicell Inc	0.21%	9,523	$1M	added+1%	+0.01 pp	23 q
SPNNSapiens International Corp	0.20%	43,899	$1M	added+1%	+0.02 pp	7 q
CHDChurch & Dwight Co., Inc.	0.19%	10,775	$998,000	trimmed−0%	+0.02 pp	23 q
MYOVMyovant Sciences Ltd	0.19%	81,621	$1M	added+2%	+0.02 pp	9 q
AKXAnsys Inc	0.18%	3,963	$948,000	added+1%	−0.02 pp	23 q
BMRNBioMarin Pharmaceuticals Inc	0.18%	11,569	$959,000	trimmed−0%	+0.04 pp	34 q
MKSIMKS Inc.	0.16%	8,346	$857,000	added+1%	−0.04 pp	17 q
RCKTRocket Pharmaceuticals, Inc.	0.16%	60,475	$832,000	added+39%	+0.05 pp	11 q
BPMCBlueprint Medicines Corporation	0.15%	15,164	$766,000	added+21%	+0.02 pp	6 q
GOOGAlphabet Inc. Class C	0.13%	314	$687,000	trimmed−1%	−0.01 pp	19 q
VICRVicor Corp	0.13%	12,334	$675,000	added+28%	+0.02 pp	3 q
IWFiShares Russell 1000 Growth ETF	0.08%	2,011	$440,000	held	—	15 q
MUBiShares National Muni Bond ETF	0.08%	3,750	$399,000	held	—	3 q
SBUXStarbucks Corp	0.07%	4,460	$341,000	held	—	16 q
VMWVMware, Inc	—	−98,225	—	exited	−1.79 pp	—
CMCSAComcast Corp	—	−187,612	—	exited	−1.41 pp	—
AZPNAspen Technology Inc	—	−10,755	—	exited	−0.29 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 1 unresolved
Accession: 0000950123-22-007687
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 2022-06-30
A security outside the official 13F list — CUSIP 54338V101 not on the Official 13(f) List for 2022-06-30

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