Torray

Q3 2022 13F · by James Bailey, portfolio manager

As of: Sep 30, 2022
Filed: Nov 3, 2022
US stock: $502M · prev $524M
Positions: 100 · prev 99
Options notional: $0
Documents: 1· no amendments

Picture98.6% US stock

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

US stock listed on a US exchange 98.6%
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%

Moves93 since the prior filing

+7.2 pp in · −7.2 pp out

New 5 +1.01 pp
Added 46 +6.19 pp
Trimmed 38 −3.22 pp
Exited 4 −3.97 pp

The book

Diversified · behaves like 53 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 31% a year, about 3.3 years per position

Low
Moderate
High

Top 5 positions17% of US stock

GOOGL Alphabet Inc. Class A added+0.78 pp added+0.784.4%
BRK.B BERKSHIRE HATHAWAY Class B added+0.09 pp added+0.093.4%
TROW T Rowe Price Group Inc added+1.02 pp added+1.023.4%
GD General Dynamics Corporation held held2.9%
MRSH Marsh added+0.05 pp added+0.052.9%

Positions100 in this filing · 4 exited


GOOGLAlphabet Inc. Class A	4.43%	232,363	$22M	added+32%	+0.78 pp	29 q
BRK.BBERKSHIRE HATHAWAY Class B	3.41%	64,106	$17M	added0%	+0.09 pp	22 q
TROWT Rowe Price Group Inc	3.41%	163,189	$17M	added+48%	+1.02 pp	4 q
GDGeneral Dynamics Corporation	2.92%	68,983	$15M	held	—	38 q
MRSHMarsh	2.88%	96,785	$14M	added+1%	+0.05 pp	38 q
MOAltria Group, Inc.	2.73%	339,746	$14M	added+1%	+0.04 pp	16 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.68%	26,675	$13M	held	—	38 q
GPCGenuine Parts Company	2.61%	87,589	$13M	trimmed−15%	−0.01 pp	8 q
GMGeneral Motors Company	2.57%	402,567	$13M	added+26%	+0.63 pp	4 q
JNJJohnson & Johnson	2.50%	76,740	$13M	added+1%	−0.07 pp	38 q
ETNEaton Corporation, plc	2.42%	91,255	$12M	added0%	+0.23 pp	38 q
BMYBristol-Myers Squibb Co.	2.28%	161,134	$11M	trimmed−14%	−0.48 pp	11 q
JPMJPMorgan Chase & Co.	2.19%	105,356	$11M	added+1%	−0.04 pp	14 q
PSXPhillips 66	2.05%	127,721	$10M	added+4%	+0.13 pp	26 q
QCOMQualcomm Inc	2.05%	90,965	$10M	added×3.8	+1.47 pp	26 q
TXNTexas Instruments Incorporated	2.04%	66,253	$10M	held	—	3 q
BACBank of America Corporation	2.03%	337,536	$10M	added+24%	+0.41 pp	32 q
AAPLApple Inc.	2.02%	73,237	$10M	added+5%	+0.20 pp	38 q
AXPAmerican Express Company	1.98%	73,632	$10M	held	—	38 q
EOGEOG Resources, Inc.	1.93%	86,759	$10M	added+24%	+0.46 pp	5 q
HONHoneywell International, Inc.	1.93%	58,132	$10M	added+1%	+0.03 pp	10 q
CBChubb Limited	1.93%	53,351	$10M	held	—	27 q
DISThe Walt Disney Company	1.92%	102,131	$10M	held	—	10 q
MSFTMicrosoft Corp	1.91%	41,238	$10M	added+5%	−0.01 pp	26 q
SLBSLB Limited	1.91%	266,542	$10M	added+27%	+0.48 pp	7 q
AMZNAmazon.Com Inc	1.86%	82,660	$9M	added+7%	+0.30 pp	20 q
KHCThe Kraft Heinz Company	1.79%	269,215	$9M	held	—	12 q
DDDuPont de Nemours, Inc.	1.63%	162,784	$8M	added0%	−0.09 pp	14 q
ORLYO'Reilly Automotive, Inc.	1.32%	9,438	$7M	trimmed−1%	+0.17 pp	24 q
KLACKLA Corporation	1.29%	21,437	$6M	added+28%	+0.27 pp	7 q
VVISA Inc.	1.24%	34,950	$6M	trimmed−0%	−0.07 pp	38 q
AMTAmerican Tower Corporation	1.13%	26,420	$6M	trimmed−1%	−0.17 pp	38 q
RPRXRoyalty Pharma plc Class A	1.11%	139,024	$6M	added0%	0.00 pp	4 q
DHRDanaher Corporation	1.05%	20,348	$5M	added+8%	+0.14 pp	38 q
SCHWThe Charles Schwab Corporation	1.05%	73,082	$5M	trimmed−0%	+0.17 pp	7 q
FISVFiserv, Inc.	1.04%	55,896	$5M	trimmed−72%	−2.35 pp	38 q
CPRTCopart Inc	0.96%	45,299	$5M	trimmed−0%	+0.02 pp	24 q
VRSKVerisk Analytics, Inc.	0.94%	27,589	$5M	trimmed−1%	+0.02 pp	33 q
APHAmphenol Corporation	0.93%	69,425	$5M	added+3%	+0.11 pp	38 q
GMABGenmab A/S	0.84%	131,430	$4M	trimmed−0%	+0.02 pp	24 q
unresolvedCooper Cos Inc/The	0.80%	15,177	$4M	added0%	−0.10 pp	33 q
CNSWFConstellation Sftwre Inc	0.79%	2,850	$4M	trimmed−1%	−0.02 pp	7 q
ADBEAdobe Inc.	0.77%	14,100	$4M	added0%	−0.21 pp	38 q
TYLTyler Technologies, Inc.	0.75%	10,884	$4M	trimmed−1%	+0.05 pp	7 q
SHWThe Sherwin-Williams Company	0.73%	17,777	$4M	added0%	−0.03 pp	23 q
ACNAccenture PLC	0.73%	14,293	$4M	added+1%	−0.02 pp	38 q
IDXXIdexx Laboratories Inc	0.68%	10,423	$3M	added+12%	+0.06 pp	19 q
NOWServicenow, Inc.	0.66%	8,718	$3M	trimmed−1%	−0.14 pp	2 q
LZAGYLonza Group AG UNSP/	0.62%	63,582	$3M	added+1%	−0.02 pp	21 q
NKENike, Inc.	0.61%	36,597	$3M	added+1%	−0.10 pp	38 q
GILDGilead Sciences Inc	0.56%	45,242	$3M	added+1%	+0.03 pp	11 q
HDHome Depot, Inc.	0.55%	9,977	$3M	trimmed−7%	−0.01 pp	11 q
ENBEnbridge, Inc	0.51%	68,570	$3M	added+1%	−0.04 pp	38 q
ABBVAbbvie Inc.	0.49%	18,249	$2M	added+7%	−0.01 pp	26 q
AMGNAmgen Inc	0.48%	10,581	$2M	trimmed−20%	−0.13 pp	21 q
LYBLyondellBasell Industries N.V. Class A	0.46%	30,759	$2M	trimmed−12%	−0.12 pp	26 q
HIIHuntington Ingalls Industries, Inc.	0.45%	10,284	$2M	added+1%	+0.03 pp	4 q
LMTLockheed Martin Corp.	0.45%	5,826	$2M	added+1%	−0.02 pp	26 q
PRUPrudential Financial, Inc.	0.45%	26,177	$2M	added+2%	−0.02 pp	25 q
BXBlackstone Inc.	0.44%	26,605	$2M	added+2%	−0.02 pp	16 q
CCICrown Castle Inc.	0.41%	14,135	$2M	added+1%	−0.04 pp	10 q
MCDMcDonald's Corporation	0.40%	8,742	$2M	added0%	−0.01 pp	11 q
DLRDigital Realty Trust, Inc.	0.39%	19,916	$2M	new	+0.39 pp	new
PAYXPaychex Inc	0.39%	17,441	$2M	added+1%	+0.02 pp	7 q
CSCOCisco Systems, Inc. (DE)	0.32%	39,953	$2M	added+9%	+0.02 pp	38 q
RYANRyan Specialty Holdings, Inc.	0.32%	39,985	$2M	trimmed−2%	+0.01 pp	4 q
RBCRBC Bearings Incorporated	0.31%	7,425	$2M	trimmed−3%	+0.04 pp	8 q
AZPNAspen Technology Inc	0.30%	6,230	$1M	trimmed−3%	+0.08 pp	2 q
JKHYHenry (Jack) & Associates	0.29%	8,088	$1M	trimmed−2%	+0.01 pp	24 q
SBACSBA Communications Corp	0.29%	5,045	$1M	trimmed−2%	−0.02 pp	23 q
ICFIICF International, Inc.	0.28%	12,801	$1M	trimmed−3%	+0.04 pp	24 q
VRRMVerra Mobility Corporation Class A	0.28%	90,039	$1M	trimmed−3%	0.00 pp	13 q
MYOVMyovant Sciences Ltd	0.28%	79,171	$1M	trimmed−3%	+0.09 pp	10 q
Broadcom Incconvertible	0.26%	928	$1M	trimmed−44%	−0.21 pp	4 q
HALOHalozyme Therapeutics, Inc.	0.26%	32,913	$1M	added+16%	+0.02 pp	24 q
CTLTCatalent, Inc.	0.25%	17,317	$1M	added+3%	−0.09 pp	15 q
BNDVanguard Total Bond Market	0.25%	17,640	$1M	held	—	4 q
MPWRMonolithic Power Systems, Inc.	0.24%	3,295	$1M	trimmed−2%	−0.01 pp	16 q
POOLPool Corporation	0.24%	3,814	$1M	trimmed−3%	−0.02 pp	21 q
QLYSQualys, Inc.	0.24%	8,628	$1M	trimmed−4%	+0.02 pp	24 q
BPMCBlueprint Medicines Corporation	0.23%	17,487	$1M	added+15%	+0.08 pp	7 q
ZBRAZebra Technologies Corporation	0.23%	4,364	$1M	trimmed−3%	−0.02 pp	11 q
AVGOBroadcom Inc.	0.21%	2,347	$1M	new	+0.21 pp	new
MTDMettler-Toledo International	0.21%	984	$1M	trimmed−3%	−0.01 pp	24 q
AKXAnsys Inc	0.20%	4,449	$986,000	added+12%	+0.02 pp	24 q
TWTradeweb Markets Inc. Class A	0.20%	17,509	$988,000	new	+0.20 pp	new
BMRNBioMarin Pharmaceuticals Inc	0.19%	11,300	$958,000	trimmed−2%	+0.01 pp	35 q
DTDynatrace, Inc.	0.19%	26,763	$932,000	trimmed−2%	−0.02 pp	6 q
RCKTRocket Pharmaceuticals, Inc.	0.18%	56,951	$909,000	trimmed−6%	+0.02 pp	12 q
SPNNSapiens International Corp	0.17%	43,203	$829,000	trimmed−2%	−0.03 pp	8 q
CHDChurch & Dwight Co., Inc.	0.15%	10,499	$750,000	trimmed−3%	−0.04 pp	24 q
NTRANatera, Inc.	0.15%	16,740	$734,000	new	+0.15 pp	new
OMCLOmnicell Inc	0.15%	8,695	$757,000	trimmed−9%	−0.06 pp	24 q
MKSIMKS Inc.	0.13%	8,194	$677,000	trimmed−2%	−0.03 pp	18 q
GOOGAlphabet Inc. Class C	0.12%	6,280	$604,000	held	—	20 q
VICRVicor Corp	0.11%	9,543	$564,000	trimmed−23%	−0.02 pp	4 q
IWFiShares Russell 1000 Growth ETF	0.08%	2,011	$423,000	held	—	16 q
MUBiShares National Muni Bond ETF	0.08%	3,750	$385,000	held	—	4 q
SBUXStarbucks Corp	0.08%	4,710	$397,000	added+6%	+0.01 pp	17 q
COSTCostco Wholesale Corp	0.06%	670	$316,000	new	+0.06 pp	new
RNRRenaissanceRe Holdings Ltd.	—	−59,334	—	exited	−1.77 pp	—
AMATApplied Materials Inc	—	−84,846	—	exited	−1.47 pp	—
ENTGEntegris Inc	—	−28,867	—	exited	−0.51 pp	—
AMNAMN Healthcare Services	—	−10,643	—	exited	−0.22 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 1 unresolved
Accession: 0000950123-22-010814
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 2022-09-30
A security outside the official 13F list — CUSIP 54338V101 not on the Official 13(f) List for 2022-09-30

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