Torray

Q1 2024 13F · by James Bailey, portfolio manager

As of: Mar 31, 2024
Filed: May 10, 2024
US stock: $668M · prev $618M
Positions: 92 · prev 94
Options notional: $0
Documents: 1· 1 amendment

Picture97.9% US stock

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

US stock listed on a US exchange 97.9%
Foreign stock not listed in the US 2.1%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves86 since the prior filing

+5.2 pp in · −5.6 pp out

New 5 +2.98 pp
Added 40 +2.21 pp
Trimmed 34 −3.06 pp
Exited 7 −2.54 pp

The book

Diversified · behaves like 50 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 26% a year, about 3.9 years per position

Low
Moderate
High

Top 5 positions18% of US stock

Revealed late, restated

restated 92 rows corrected by the filer · US stock 0.00%; later quarters recomputed 13F-HR/A · May 10, 2024 ↗

Positions92 in this filing · 7 exited


GOOGLAlphabet Inc. Class A	4.04%	178,578	$27M	trimmed−1%	−0.05 pp	35 q
BRK.BBERKSHIRE HATHAWAY Class B	4.04%	64,106	$27M	held	—	28 q
FISVFiserv, Inc.	3.62%	151,451	$24M	trimmed−1%	+0.35 pp	44 q
RPRXRoyalty Pharma plc Class A	3.05%	670,060	$20M	added+32%	+0.75 pp	10 q
EOGEOG Resources, Inc.	2.81%	146,554	$19M	added+25%	+0.52 pp	11 q
PSXPhillips 66	2.81%	115,085	$19M	trimmed−18%	−0.20 pp	32 q
JPMJPMorgan Chase & Co.	2.78%	92,547	$19M	trimmed−9%	−0.02 pp	20 q
QCOMQualcomm Inc	2.73%	107,829	$18M	trimmed−3%	+0.14 pp	32 q
HDHome Depot, Inc.	2.72%	47,442	$18M	trimmed−3%	−0.04 pp	17 q
MRSHMarsh	2.68%	87,022	$18M	held	—	44 q
MSFTMicrosoft Corp	2.57%	40,811	$17M	trimmed−3%	+0.02 pp	32 q
LEN.BLennar Corporation Class B	2.53%	109,629	$17M	held	—	6 q
GDGeneral Dynamics Corporation	2.37%	56,115	$16M	held	—	44 q
AXPAmerican Express Company	2.22%	65,025	$15M	trimmed−12%	−0.03 pp	44 q
AMZNAmazon.Com Inc	2.20%	81,360	$15M	trimmed−4%	+0.13 pp	26 q
ETNEaton Corporation, plc	2.18%	46,503	$15M	trimmed−34%	−0.55 pp	44 q
WRBW.R. Berkley Corporation	2.15%	162,245	$14M	held	—	4 q
JNJJohnson & Johnson	2.07%	87,362	$14M	held	—	44 q
CBChubb Limited	2.07%	53,427	$14M	held	—	33 q
SLBSLB Limited	2.03%	247,868	$14M	added+25%	+0.35 pp	13 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.99%	26,852	$13M	held	—	44 q
AMATApplied Materials Inc	1.83%	59,125	$12M	trimmed−22%	−0.17 pp	6 q
HONHoneywell International, Inc.	1.80%	58,708	$12M	held	—	16 q
TROWT Rowe Price Group Inc	1.76%	96,267	$12M	held	—	10 q
TXNTexas Instruments Incorporated	1.74%	66,614	$12M	added0%	−0.09 pp	9 q
AAPLApple Inc.	1.58%	61,728	$11M	trimmed−8%	−0.52 pp	44 q
AVGOBroadcom Inc.	1.53%	7,705	$10M	trimmed−10%	−0.02 pp	7 q
KEYSKeysight Technologies, Inc.	1.40%	59,936	$9M	new	+1.40 pp	new
AMTAmerican Tower Corporation	1.39%	46,849	$9M	added+5%	−0.17 pp	44 q
NOWServicenow, Inc.	1.26%	11,075	$8M	trimmed−3%	−0.05 pp	8 q
CPRTCopart Inc	1.21%	139,674	$8M	trimmed−1%	+0.09 pp	30 q
ORLYO'Reilly Automotive, Inc.	1.16%	6,891	$8M	trimmed−2%	+0.08 pp	30 q
AKXAnsys Inc	1.12%	21,605	$8M	added×3.7	+0.78 pp	30 q
CNSWFConstellation Sftwre Inc	1.09%	2,664	$7M	trimmed−3%	−0.01 pp	13 q
VVISA Inc.	1.06%	25,260	$7M	trimmed−1%	−0.02 pp	44 q
KLACKLA Corporation	1.05%	10,021	$7M	trimmed−3%	+0.08 pp	13 q
APHAmphenol Corporation	1.04%	60,250	$7M	trimmed−2%	+0.05 pp	44 q
ADBEAdobe Inc.	1.01%	13,310	$7M	added+7%	−0.19 pp	44 q
LZAGYLonza Group AG UNSP/	0.98%	109,698	$7M	trimmed−0%	+0.23 pp	27 q
VRTXVertex Pharmaceuticals Inc	0.87%	13,899	$6M	trimmed−1%	−0.06 pp	2 q
SHWThe Sherwin-Williams Company	0.85%	16,353	$6M	trimmed−2%	+0.01 pp	29 q
VRSKVerisk Analytics, Inc.	0.83%	23,542	$6M	trimmed−2%	−0.10 pp	39 q
VEEVVeeva Systems Inc.	0.79%	22,631	$5M	added+18%	+0.19 pp	5 q
AJGArthur J. Gallagher & Co.	0.78%	20,924	$5M	trimmed−0%	+0.02 pp	5 q
DHRDanaher Corporation	0.75%	19,973	$5M	added0%	0.00 pp	44 q
POOLPool Corporation	0.73%	12,094	$5M	trimmed−9%	−0.13 pp	27 q
TYLTyler Technologies, Inc.	0.70%	10,977	$5M	added+13%	+0.04 pp	13 q
BXBlackstone Inc.	0.68%	34,751	$5M	added+1%	−0.05 pp	22 q
AMGNAmgen Inc	0.65%	15,153	$4M	added+10%	+0.01 pp	27 q
MSMorgan Stanley	0.63%	44,623	$4M	new	+0.63 pp	new
UPSUnited Parcel Service, Inc. Class B	0.61%	27,371	$4M	new	+0.61 pp	new
ABBVAbbvie Inc.	0.58%	21,251	$4M	added+3%	+0.06 pp	32 q
ENBEnbridge, Inc	0.58%	106,684	$4M	added+6%	−0.01 pp	44 q
MTNVail Resorts, Inc.	0.55%	16,587	$4M	added+15%	+0.05 pp	6 q
DLRDigital Realty Trust, Inc.	0.53%	24,394	$4M	added+1%	+0.01 pp	7 q
CSCOCisco Systems, Inc. (DE)	0.51%	68,424	$3M	added+22%	+0.05 pp	44 q
KHCThe Kraft Heinz Company	0.50%	90,025	$3M	trimmed−60%	−0.85 pp	18 q
GMABGenmab A/S	0.48%	107,934	$3M	added+1%	−0.07 pp	30 q
UNPUnion Pacific Corp.	0.48%	13,079	$3M	added+6%	−0.01 pp	6 q
LMTLockheed Martin Corp.	0.45%	6,570	$3M	added+13%	+0.02 pp	32 q
MOAltria Group, Inc.	0.44%	66,943	$3M	trimmed−76%	−1.35 pp	22 q
MPWRMonolithic Power Systems, Inc.	0.35%	3,406	$2M	added+1%	+0.01 pp	22 q
RBCRBC Bearings Incorporated	0.31%	7,579	$2M	added+2%	−0.03 pp	14 q
ICFIICF International, Inc.	0.30%	13,287	$2M	added+2%	+0.02 pp	30 q
RYANRyan Specialty Holdings, Inc.	0.30%	36,225	$2M	trimmed−12%	+0.01 pp	10 q
ENTGEntegris Inc	0.29%	13,900	$2M	added0%	+0.02 pp	6 q
HALOHalozyme Therapeutics, Inc.	0.29%	47,573	$2M	added+19%	+0.05 pp	30 q
BPMCBlueprint Medicines Corporation	0.28%	19,420	$2M	added+1%	−0.01 pp	13 q
TWTradeweb Markets Inc. Class A	0.27%	17,204	$2M	trimmed−27%	−0.08 pp	7 q
DTDynatrace, Inc.	0.25%	35,737	$2M	added+2%	−0.06 pp	12 q
MTDMettler-Toledo International	0.25%	1,245	$2M	added+4%	+0.02 pp	30 q
RCKTRocket Pharmaceuticals, Inc.	0.25%	60,933	$2M	added0%	−0.05 pp	18 q
SBACSBA Communications Corp	0.25%	7,820	$2M	added+15%	−0.03 pp	29 q
AZPNAspen Technology Inc	0.24%	7,480	$2M	added+14%	+0.01 pp	8 q
JKHYHenry (Jack) & Associates	0.24%	9,375	$2M	added+5%	0.00 pp	30 q
NTRANatera, Inc.	0.24%	17,336	$2M	trimmed−20%	+0.02 pp	7 q
LNTHLantheus Holdings, Inc	0.23%	24,518	$2M	added+1%	−0.01 pp	6 q
QLYSQualys, Inc.	0.22%	8,892	$1M	added+2%	−0.06 pp	30 q
SPNNSapiens International Corp	0.22%	45,662	$1M	added+4%	+0.02 pp	14 q
BWXTBWX Technologies, Inc.	0.21%	13,426	$1M	added+45%	+0.09 pp	2 q
COOThe Cooper Companies, Inc.	0.21%	14,121	$1M	new	+0.21 pp	new
CHDChurch & Dwight Co., Inc.	0.20%	12,755	$1M	added+5%	+0.01 pp	30 q
BMRNBioMarin Pharmaceuticals Inc	0.19%	14,836	$1M	added+1%	−0.04 pp	41 q
GOOGAlphabet Inc. Class C	0.18%	7,748	$1M	added+1%	0.00 pp	26 q
BNDVanguard Total Bond Market	0.18%	16,325	$1M	added+15%	+0.01 pp	10 q
AXSMAxsome Therapeutics, Inc	0.13%	10,538	$840,932	new	+0.13 pp	new
COSTCostco Wholesale Corp	0.07%	662	$485,001	trimmed−23%	−0.02 pp	7 q
IWFiShares Russell 1000 Growth ETF	0.07%	1,298	$437,491	held	—	22 q
URIUnited Rentals, Inc.	0.07%	660	$475,933	held	—	6 q
ABTAbbott Laboratories	0.03%	1,800	$204,588	trimmed−20%	−0.01 pp	6 q
IDXXIdexx Laboratories Inc	0.03%	384	$207,333	held	—	25 q
MRKMerck & Co., Inc.	0.03%	1,705	$224,975	trimmed−16%	−0.01 pp	3 q
ACNAccenture PLC	—	−14,344	—	exited	−0.81 pp	—
LYBLyondellBasell Industries N.V. Class A	—	−32,141	—	exited	−0.49 pp	—
GILDGilead Sciences Inc	—	−34,552	—	exited	−0.45 pp	—
PAYXPaychex Inc	—	−19,755	—	exited	−0.38 pp	—
unresolvedCooper Cos Inc/The	—	−3,392	—	exited	−0.21 pp	—
ZBRAZebra Technologies Corporation	—	−3,529	—	exited	−0.16 pp	—
ROPRoper Technologies, Inc.	—	−410	—	exited	−0.04 pp	—

Source

Form: 13F-HR/A
Reading: 4 defects · 0 unresolved
Accession: 0000950123-24-004341
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 2024-03-31
A security outside the official 13F list — CUSIP 54338V101 not on the Official 13(f) List for 2024-03-31
A security outside the official 13F list — CUSIP 21037X100 not on the Official 13(f) List for 2024-03-31
A security outside the official 13F list — CUSIP 54338V101 not on the Official 13(f) List for 2024-03-31

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