Torray

Q4 2024 13F · by James Bailey, portfolio manager

As of: Dec 31, 2024
Filed: Feb 6, 2025
US stock: $697M · prev $715M
Positions: 101 · prev 102
Options notional: $0
Documents: 1· no amendments

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%

Moves83 since the prior filing

+6.3 pp in · −5.3 pp out

New 4 +0.99 pp
Added 50 +5.35 pp
Trimmed 24 −4.20 pp
Exited 5 −1.13 pp

The book

Diversified · behaves like 52 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 26% a year, about 3.8 years per position

Low
Moderate
High

Top 5 positions17% of US stock

GOOGL Alphabet Inc. Class A trimmed+0.47 pp trimmed+0.474.6%
FISV Fiserv, Inc. trimmed−0.11 pp trimmed−0.113.7%
BRK.B BERKSHIRE HATHAWAY Class B trimmed−0.62 pp trimmed−0.623.1%
HD Home Depot, Inc. added−0.04 pp added−0.042.8%
JPM JPMorgan Chase & Co. trimmed+0.15 pp trimmed+0.152.7%

Positions101 in this filing · 5 exited


GOOGLAlphabet Inc. Class A	4.60%	169,561	$32M	trimmed−5%	+0.47 pp	38 q
FISVFiserv, Inc.	3.70%	125,485	$26M	trimmed−17%	−0.11 pp	47 q
BRK.BBERKSHIRE HATHAWAY Class B	3.12%	47,991	$22M	trimmed−17%	−0.62 pp	31 q
HDHome Depot, Inc.	2.76%	49,437	$19M	added0%	−0.04 pp	20 q
JPMJPMorgan Chase & Co.	2.72%	79,093	$19M	trimmed−9%	+0.15 pp	23 q
AVGOBroadcom Inc.	2.67%	80,331	$19M	trimmed−0%	+0.73 pp	10 q
EOGEOG Resources, Inc.	2.65%	150,612	$18M	added+6%	+0.20 pp	14 q
AMZNAmazon.Com Inc	2.62%	83,237	$18M	added+1%	+0.47 pp	29 q
RPRXRoyalty Pharma plc Class A	2.50%	684,007	$17M	trimmed−20%	−0.90 pp	13 q
AXPAmerican Express Company	2.48%	58,287	$17M	trimmed−12%	−0.03 pp	47 q
MRSHMarsh	2.37%	77,877	$17M	held	—	47 q
MSFTMicrosoft Corp	2.36%	39,010	$16M	added+1%	+0.04 pp	35 q
JNJJohnson & Johnson	2.30%	111,114	$16M	trimmed−0%	−0.22 pp	47 q
AMGNAmgen Inc	2.25%	60,127	$16M	added×4.9	+1.70 pp	30 q
AAPLApple Inc.	2.21%	61,648	$15M	added0%	+0.20 pp	47 q
PSXPhillips 66	2.19%	133,818	$15M	added+6%	−0.12 pp	35 q
HPEHewlett Packard Enterprise Company	2.18%	710,532	$15M	added×3.9	+1.65 pp	2 q
GDGeneral Dynamics Corporation	2.12%	56,037	$15M	held	—	47 q
CBChubb Limited	2.12%	53,497	$15M	held	—	36 q
WRBW.R. Berkley Corporation	2.05%	243,713	$14M	held	—	7 q
ETNEaton Corporation, plc	1.96%	41,092	$14M	held	—	47 q
KEYSKeysight Technologies, Inc.	1.91%	82,945	$13M	added+15%	+0.31 pp	4 q
LEN.BLennar Corporation Class B	1.84%	96,859	$13M	held	—	9 q
TXNTexas Instruments Incorporated	1.79%	66,718	$13M	held	—	12 q
ULTAUlta Beauty, Inc.	1.68%	26,952	$12M	held	—	3 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.58%	21,818	$11M	trimmed−20%	−0.66 pp	47 q
SLBSLB Limited	1.39%	253,549	$10M	held	—	16 q
QCOMQualcomm Inc	1.38%	62,849	$10M	trimmed−25%	−0.62 pp	35 q
AMTAmerican Tower Corporation	1.29%	48,923	$9M	added+16%	−0.08 pp	47 q
NOWServicenow, Inc.	1.24%	8,175	$9M	trimmed−12%	+0.08 pp	11 q
AMATApplied Materials Inc	1.22%	52,284	$9M	held	—	9 q
CPRTCopart Inc	1.18%	143,486	$8M	added+1%	+0.14 pp	33 q
CNSWFConstellation Sftwre Inc	1.16%	2,610	$8M	added+1%	−0.02 pp	16 q
SNPSSynopsys Inc	1.14%	16,305	$8M	added+39%	+0.31 pp	2 q
CASYCasey's General Stores Inc	1.12%	19,639	$8M	added+2%	+0.11 pp	3 q
APHAmphenol Corporation	1.05%	105,578	$7M	added+1%	+0.10 pp	47 q
VVISA Inc.	1.03%	22,816	$7M	added+1%	+0.16 pp	47 q
VEEVVeeva Systems Inc.	0.99%	32,813	$7M	added+1%	+0.03 pp	8 q
VRSKVerisk Analytics, Inc.	0.93%	23,593	$6M	added0%	+0.05 pp	42 q
LZAGYLonza Group AG UNSP/	0.92%	109,321	$6M	added+1%	−0.04 pp	30 q
VRTXVertex Pharmaceuticals Inc	0.92%	16,008	$6M	added+2%	−0.11 pp	5 q
TYLTyler Technologies, Inc.	0.90%	10,902	$6M	added0%	+0.01 pp	16 q
ADBEAdobe Inc.	0.87%	13,617	$6M	added+2%	−0.10 pp	47 q
ORLYO'Reilly Automotive, Inc.	0.87%	5,105	$6M	added+1%	+0.06 pp	33 q
AJGArthur J. Gallagher & Co.	0.86%	21,071	$6M	added+1%	+0.04 pp	8 q
ABBVAbbvie Inc.	0.78%	30,671	$5M	added+42%	+0.18 pp	35 q
CEGConstellation Energy Corporation	0.77%	24,091	$5M	new	+0.77 pp	new
ENBEnbridge, Inc	0.76%	125,053	$5M	added+1%	+0.06 pp	47 q
KLACKLA Corporation	0.72%	7,938	$5M	added+2%	−0.12 pp	16 q
POOLPool Corporation	0.71%	14,580	$5M	added+1%	−0.05 pp	30 q
MSMorgan Stanley	0.69%	38,238	$5M	trimmed−21%	−0.02 pp	4 q
UNPUnion Pacific Corp.	0.67%	20,398	$5M	added+33%	+0.14 pp	9 q
CNACNA Financial Corporation	0.64%	91,920	$4M	added+27%	+0.15 pp	2 q
SHWThe Sherwin-Williams Company	0.63%	12,883	$4M	trimmed−21%	−0.25 pp	32 q
DHRDanaher Corporation	0.61%	18,634	$4M	trimmed−6%	−0.17 pp	47 q
BXBlackstone Inc.	0.58%	23,321	$4M	trimmed−0%	+0.08 pp	25 q
LMTLockheed Martin Corp.	0.56%	8,028	$4M	added+30%	+0.06 pp	35 q
DLRDigital Realty Trust, Inc.	0.53%	20,720	$4M	trimmed−18%	−0.04 pp	10 q
MOAltria Group, Inc.	0.52%	69,054	$4M	trimmed−0%	+0.03 pp	25 q
UPSUnited Parcel Service, Inc. Class B	0.41%	22,505	$3M	trimmed−34%	−0.24 pp	4 q
HALOHalozyme Therapeutics, Inc.	0.38%	55,611	$3M	added+1%	−0.06 pp	33 q
DTDynatrace, Inc.	0.37%	46,884	$3M	added0%	+0.02 pp	15 q
RBCRBC Bearings Incorporated	0.36%	8,468	$3M	added0%	+0.01 pp	17 q
RYANRyan Specialty Holdings, Inc.	0.36%	39,368	$3M	added0%	0.00 pp	13 q
AKXAnsys Inc	0.35%	7,262	$2M	trimmed−7%	0.00 pp	33 q
TWTradeweb Markets Inc. Class A	0.35%	18,632	$2M	added0%	+0.03 pp	10 q
SBACSBA Communications Corp	0.29%	9,788	$2M	added+1%	−0.04 pp	32 q
MPWRMonolithic Power Systems, Inc.	0.27%	3,128	$2M	trimmed−8%	−0.17 pp	25 q
JKHYHenry (Jack) & Associates	0.26%	10,446	$2M	added+1%	0.00 pp	33 q
NTRANatera, Inc.	0.26%	11,424	$2M	trimmed−29%	−0.03 pp	10 q
LNTHLantheus Holdings, Inc	0.25%	19,166	$2M	added+17%	0.00 pp	9 q
BWXTBWX Technologies, Inc.	0.24%	15,181	$2M	trimmed−12%	−0.02 pp	5 q
MTDMettler-Toledo International	0.24%	1,356	$2M	added+1%	−0.04 pp	33 q
QLYSQualys, Inc.	0.23%	11,279	$2M	added0%	+0.03 pp	33 q
ENTGEntegris Inc	0.22%	15,266	$2M	added+1%	−0.02 pp	9 q
ICFIICF International, Inc.	0.22%	13,100	$2M	added+1%	−0.08 pp	33 q
RCKTRocket Pharmaceuticals, Inc.	0.22%	122,095	$2M	added+66%	+0.03 pp	21 q
AXSMAxsome Therapeutics, Inc	0.21%	17,174	$1M	added+45%	+0.06 pp	4 q
BPMCBlueprint Medicines Corporation	0.21%	16,499	$1M	added+1%	0.00 pp	16 q
COOThe Cooper Companies, Inc.	0.21%	16,190	$1M	added+1%	−0.04 pp	4 q
SPNNSapiens International Corp	0.20%	50,669	$1M	added+2%	−0.06 pp	17 q
CCCCCC Intelligent Solutions Holdings Inc.	0.19%	110,834	$1M	added+1%	+0.02 pp	3 q
GOOGAlphabet Inc. Class C	0.18%	6,772	$1M	trimmed−8%	+0.01 pp	29 q
SPSCSPS Commerce, Inc.	0.18%	6,767	$1M	added+1%	0.00 pp	2 q
BNDVanguard Total Bond Market	0.17%	16,325	$1M	held	—	13 q
FCNFTI Consulting, Inc.	0.16%	5,885	$1M	new	+0.16 pp	new
COSTCostco Wholesale Corp	0.08%	643	$589,162	held	—	10 q
IWFiShares Russell 1000 Growth ETF	0.07%	1,138	$456,998	held	—	25 q
URIUnited Rentals, Inc.	0.07%	660	$464,930	held	—	9 q
NOCNorthrop Grumman Corp.	0.06%	887	$416,260	held	—	2 q
HONHoneywell International, Inc.	0.05%	1,560	$352,388	trimmed−97%	−1.65 pp	19 q
EWEdwards Lifesciences Corp	0.04%	3,324	$246,076	held	—	2 q
LLYEli Lilly & Co.	0.04%	398	$307,256	held	—	2 q
MSIMotorola Solutions, Inc. New	0.04%	566	$261,622	held	—	2 q
NVDANvidia Corp	0.04%	2,000	$268,580	held	—	3 q
MMM3M Company	0.04%	2,000	$258,180	held	—	2 q
ABTAbbott Laboratories	0.03%	1,800	$203,598	held	—	2 q
PTCPtc, Inc	0.03%	1,136	$208,876	held	—	2 q
RKLBRocket Lab Corporation	0.03%	9,000	$229,230	new	+0.03 pp	new
TMOThermo Fisher Scientific, Inc.	0.03%	403	$209,653	held	—	2 q
WFCWells Fargo & Co.	0.03%	3,000	$210,720	new	+0.03 pp	new
MTNVail Resorts, Inc.	—	−23,958	—	exited	−0.58 pp	—
AZPNAspen Technology Inc	—	−8,314	—	exited	−0.28 pp	—
CHDChurch & Dwight Co., Inc.	—	−14,111	—	exited	−0.21 pp	—
RTXRTX Corporation	—	−1,689	—	exited	−0.03 pp	—
UHSUniversal Health Services, Inc. Class B	—	−1,000	—	exited	−0.03 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 0 unresolved
Accession: 0000950123-25-001012
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 2024-12-31
A security outside the official 13F list — CUSIP 54338V101 not on the Official 13(f) List for 2024-12-31

Search