Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Buy | Microsoft Corp. | $23,937,323 | -5.1% | 75,811 | +2.3% | 6.53% | -1.1% |
| PM | Buy | Philip Morris International Inc. | $18,490,078 | +2.9% | 199,720 | +8.5% | 5.04% | +7.2% |
| UNH | Buy | UnitedHealth Group Inc. | $15,558,799 | +10.0% | 30,859 | +4.8% | 4.24% | +14.6% |
| JNJ | Sell | Johnson & Johnson | $14,616,359 | -20.4% | 93,845 | -15.4% | 3.98% | -17.1% |
| MSI | Sell | Motorola Solutions Inc. | $14,261,020 | -8.0% | 52,384 | -0.9% | 3.89% | -4.1% |
| FISV | Buy | Fiserv Inc. | $13,923,788 | +6.9% | 123,263 | +19.4% | 3.80% | +11.4% |
| MDT | Sell | Medtronic PLCplc | $13,481,916 | -17.6% | 172,051 | -7.3% | 3.68% | -14.1% |
| FB | Sell | Meta Platforms, Inc. | $12,944,455 | -0.2% | 43,118 | -4.6% | 3.53% | +3.9% |
| GOOGL | Buy | Alphabet Inc. CL Acl a | $12,703,758 | +20.0% | 97,079 | +9.7% | 3.46% | +25.0% |
| ALSN | Buy | Allison Transmission Holding | $11,419,015 | +5.7% | 193,346 | +1.0% | 3.11% | +10.1% |
| CSCO | Buy | Cisco Systems Inc. | $11,021,983 | +8.5% | 205,022 | +4.5% | 3.00% | +13.1% |
| MMC | Buy | Marsh & McLennan Cos. | $10,828,070 | +5.6% | 56,900 | +4.3% | 2.95% | +10.0% |
| BDX | Buy | Becton Dickinson & Co. | $10,026,569 | +2.3% | 38,783 | +4.5% | 2.73% | +6.6% |
| New | Kenvue Inc. | $9,492,218 | – | 472,720 | – | 2.59% | – | |
| MDLZ | Buy | Mondelez International Inc. | $9,415,567 | -2.4% | 135,671 | +2.6% | 2.57% | +1.7% |
| AXP | Sell | American Express | $9,311,246 | -23.9% | 62,412 | -11.1% | 2.54% | -20.7% |
| KEYS | Buy | Keysight Technologies Inc. | $8,569,719 | -15.5% | 64,770 | +7.0% | 2.34% | -11.9% |
| BKNG | Sell | Booking Holdings Inc. | $8,101,537 | -7.0% | 2,627 | -18.6% | 2.21% | -3.1% |
| ROST | Buy | Ross Stores Inc. | $7,324,808 | +6.1% | 64,850 | +5.4% | 2.00% | +10.6% |
| VMW | Sell | VMware, Inc. | $7,244,044 | -29.8% | 43,513 | -39.4% | 1.98% | -26.9% |
| GNTX | Sell | Gentex Corp. | $7,224,075 | -4.6% | 222,006 | -14.3% | 1.97% | -0.6% |
| HUM | Buy | Humana Inc. | $6,775,764 | +55.9% | 13,927 | +43.2% | 1.85% | +62.3% |
| ZBRA | Buy | Zebra Technologies Corp-CL Acl a | $6,363,840 | -14.7% | 26,905 | +6.7% | 1.74% | -11.1% |
| GWW | Sell | W.W. Grainger Inc. | $6,039,071 | -16.6% | 8,729 | -4.9% | 1.65% | -13.0% |
| ALLE | New | Allegion PLCplc | $5,704,950 | – | 54,750 | – | 1.56% | – |
| TFC | Sell | Truist Financial Corp. | $5,557,950 | -16.4% | 194,266 | -11.3% | 1.52% | -12.9% |
| AON | Sell | AON PLCcl a | $5,405,072 | -22.1% | 16,671 | -17.1% | 1.47% | -18.8% |
| AOS | Buy | Smith (A.O.) Corp. | $5,115,288 | -6.9% | 77,352 | +2.5% | 1.40% | -2.9% |
| SEIC | Buy | SEI Investments Company | $5,088,772 | +8.7% | 84,489 | +7.6% | 1.39% | +13.2% |
| OTIS | Buy | Otis Worldwide Corp. | $4,483,145 | -9.8% | 55,823 | +0.0% | 1.22% | -6.0% |
| WLTW | Buy | Willis Towers Watson Public Limited Company | $4,381,891 | +4.1% | 20,970 | +17.3% | 1.20% | +8.4% |
| PEP | Sell | PepsiCo Inc. | $4,341,561 | -19.8% | 25,623 | -12.3% | 1.18% | -16.4% |
| LHX | Buy | L3Harris Technologies Inc. | $4,316,783 | +1.0% | 24,792 | +13.6% | 1.18% | +5.3% |
| CDW | Buy | CDW Corp. of Delaware | $3,875,204 | +18.0% | 19,207 | +7.4% | 1.06% | +23.1% |
| ULTA | Sell | Ulta Beauty Inc. | $3,823,935 | -19.8% | 9,573 | -5.5% | 1.04% | -16.4% |
| CME | Buy | CME Group Inc. | $3,637,597 | +52.8% | 18,168 | +41.4% | 0.99% | +59.2% |
| UNP | Sell | Union Pacific Corp. | $3,453,972 | -3.6% | 16,962 | -3.1% | 0.94% | +0.5% |
| SONY | Buy | Sony Group Corp. - Spon ADRadr | $3,359,114 | -4.0% | 40,761 | +4.9% | 0.92% | +0.1% |
| HSIC | New | Henry Schein, Inc. | $2,820,609 | – | 37,988 | – | 0.77% | – |
| V | Buy | Visa Inc. Class A Sharescl a | $2,558,401 | +9.6% | 11,123 | +13.2% | 0.70% | +14.2% |
| SNY | Buy | Sanofi - ADRadr | $2,288,443 | +7.3% | 42,663 | +7.8% | 0.62% | +11.8% |
| PFE | Buy | Pfizer Inc. | $2,280,935 | +2.5% | 68,765 | +13.4% | 0.62% | +6.9% |
| EXPE | New | Expedia Inc. | $2,259,501 | – | 21,922 | – | 0.62% | – |
| RTX | Sell | RTX Corporation | $1,195,782 | -68.2% | 16,615 | -56.7% | 0.33% | -66.8% |
| UL | Sell | Unilever PLC - ADRadr | $1,143,116 | -7.2% | 23,140 | -2.1% | 0.31% | -3.1% |
| NVS | Sell | Novartis AG - ADRadr | $1,048,139 | -90.8% | 10,290 | -90.9% | 0.29% | -90.4% |
| IMXI | Buy | International Money Express, Inc. | $340,970 | -9.9% | 20,140 | +30.6% | 0.09% | -6.1% |
| WEX | New | WEX Inc. | $265,207 | – | 1,410 | – | 0.07% | – |
| INMD | Exit | InMode Ltd. | $0 | – | -6,204 | – | -0.06% | – |
| SPNS | Exit | Sapiens International Corporation N.V. | $0 | – | -12,325 | – | -0.09% | – |
| UNVR | Exit | Univar Solutions Inc. | $0 | – | -253,010 | – | -2.37% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | Microsoft Corp. | $25,229,246 | – | 74,086 | – | 6.60% | – |
| JNJ | New | Johnson & Johnson | $18,368,416 | – | 110,974 | – | 4.81% | – |
| PM | New | Philip Morris International Inc. | $17,973,697 | – | 184,119 | – | 4.70% | – |
| MDT | New | Medtronic PLC | $16,359,201 | – | 185,689 | – | 4.28% | – |
| MSI | New | Motorola Solutions Inc. | $15,502,488 | – | 52,859 | – | 4.06% | – |
| UNH | New | UnitedHealth Group Inc. | $14,149,561 | – | 29,439 | – | 3.70% | – |
| FISV | New | Fiserv Inc. | $13,019,185 | – | 103,204 | – | 3.41% | – |
| FB | New | Meta Platforms, Inc. | $12,972,931 | – | 45,205 | – | 3.40% | – |
| AXP | New | American Express | $12,234,763 | – | 70,234 | – | 3.20% | – |
| NVS | New | Novartis AG - ADR | $11,407,068 | – | 113,042 | – | 2.98% | – |
| ALSN | New | Allison Transmission Holding | $10,805,145 | – | 191,377 | – | 2.83% | – |
| GOOGL | New | Alphabet Inc. CL A | $10,589,021 | – | 88,463 | – | 2.77% | – |
| VMW | New | VMware, Inc. | $10,323,983 | – | 71,849 | – | 2.70% | – |
| MMC | New | Marsh & McLennan Cos. | $10,256,755 | – | 54,534 | – | 2.68% | – |
| CSCO | New | Cisco Systems Inc. | $10,154,027 | – | 196,251 | – | 2.66% | – |
| KEYS | New | Keysight Technologies Inc. | $10,136,418 | – | 60,534 | – | 2.65% | – |
| BDX | New | Becton Dickinson & Co. | $9,799,787 | – | 37,119 | – | 2.56% | – |
| MDLZ | New | Mondelez International Inc. | $9,643,543 | – | 132,212 | – | 2.52% | – |
| UNVR | New | Univar Solutions Inc. | $9,067,878 | – | 253,010 | – | 2.37% | – |
| BKNG | New | Booking Holdings Inc. | $8,713,965 | – | 3,227 | – | 2.28% | – |
| GNTX | New | Gentex Corp. | $7,575,824 | – | 258,914 | – | 1.98% | – |
| ZBRA | New | Zebra Technologies Corp-CL A | $7,457,874 | – | 25,210 | – | 1.95% | – |
| GWW | New | W.W. Grainger Inc. | $7,236,890 | – | 9,177 | – | 1.89% | – |
| AON | New | AON PLC | $6,941,627 | – | 20,109 | – | 1.82% | – |
| ROST | New | Ross Stores Inc. | $6,901,153 | – | 61,546 | – | 1.81% | – |
| TFC | New | Truist Financial Corp. | $6,647,500 | – | 219,028 | – | 1.74% | – |
| KO | New | Coca Cola Co. | $5,643,818 | – | 93,720 | – | 1.48% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $5,566,143 | – | 16,323 | – | 1.46% | – |
| AOS | New | Smith (A.O.) Corp. | $5,493,653 | – | 75,483 | – | 1.44% | – |
| PEP | New | PepsiCo Inc. | $5,414,166 | – | 29,231 | – | 1.42% | – |
| OTIS | New | Otis Worldwide Corp. | $4,967,559 | – | 55,809 | – | 1.30% | – |
| ULTA | New | Ulta Beauty Inc. | $4,767,598 | – | 10,131 | – | 1.25% | – |
| SEIC | New | SEI Investments Company | $4,681,661 | – | 78,525 | – | 1.22% | – |
| HUM | New | Humana Inc. | $4,347,445 | – | 9,723 | – | 1.14% | – |
| LHX | New | L3Harris Technologies Inc. | $4,272,680 | – | 21,825 | – | 1.12% | – |
| WLTW | New | Willis Towers Watson Public Limited Company | $4,210,505 | – | 17,879 | – | 1.10% | – |
| RTX | New | Raytheon Technologies Corp. | $3,758,529 | – | 38,368 | – | 0.98% | – |
| UNP | New | Union Pacific Corp. | $3,581,259 | – | 17,502 | – | 0.94% | – |
| SONY | New | Sony Group Corp. - Spon ADR | $3,498,504 | – | 38,855 | – | 0.92% | – |
| CDW | New | CDW Corp. of Delaware | $3,282,999 | – | 17,891 | – | 0.86% | – |
| WMT | New | Wal-Mart Stores Inc. | $3,135,741 | – | 19,950 | – | 0.82% | – |
| CME | New | CME Group Inc. | $2,380,791 | – | 12,849 | – | 0.62% | – |
| V | New | Visa Inc. Class A Shares | $2,333,953 | – | 9,828 | – | 0.61% | – |
| PFE | New | Pfizer Inc. | $2,224,715 | – | 60,652 | – | 0.58% | – |
| SNY | New | Sanofi - ADR | $2,133,254 | – | 39,578 | – | 0.56% | – |
| ABBV | New | AbbVie Inc. | $1,649,365 | – | 12,242 | – | 0.43% | – |
| ABT | New | Abbott Laboratories | $1,330,044 | – | 12,200 | – | 0.35% | – |
| UL | New | Unilever PLC - ADR | $1,232,353 | – | 23,640 | – | 0.32% | – |
| KHC | New | Kraft Heinz Company | $653,839 | – | 18,418 | – | 0.17% | – |
| PG | New | Procter & Gamble Co. | $535,946 | – | 3,532 | – | 0.14% | – |
| IMXI | New | International Money Express, Inc. | $378,228 | – | 15,419 | – | 0.10% | – |
| XOM | New | Exxon Mobil Corp. | $341,377 | – | 3,183 | – | 0.09% | – |
| NSP | New | Insperity, Inc. | $326,783 | – | 2,747 | – | 0.09% | – |
| SPNS | New | Sapiens International Corporation N.V. | $327,845 | – | 12,325 | – | 0.09% | – |
| INMD | New | InMode Ltd. | $231,719 | – | 6,204 | – | 0.06% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| NSP | Exit | Insperity, Inc. | $0 | – | -2,205 | – | -0.06% | – |
| XOM | Exit | Exxon Mobil Corp. | $0 | – | -3,183 | – | -0.08% | – |
| IMXI | Exit | International Money Express, Inc. | $0 | – | -12,379 | – | -0.08% | – |
| FCX | Exit | Freeport-McMoRan Copper & Gold Inc. | $0 | – | -11,660 | – | -0.09% | – |
| PG | Exit | Procter & Gamble Co. | $0 | – | -3,532 | – | -0.12% | – |
| KHC | Exit | Kraft Heinz Company | $0 | – | -18,418 | – | -0.17% | – |
| NEM | Exit | Newmont Corporation | $0 | – | -18,913 | – | -0.22% | – |
| UL | Exit | Unilever PLC - ADR | $0 | – | -25,888 | – | -0.31% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -12,200 | – | -0.32% | – |
| SPGI | Exit | S&P Global Inc. | $0 | – | -4,070 | – | -0.34% | – |
| ABBV | Exit | AbbVie Inc. | $0 | – | -12,242 | – | -0.45% | – |
| RELX | Exit | RELX PLC - Spon ADR | $0 | – | -67,737 | – | -0.45% | – |
| SEIC | Exit | SEI Investments Company | $0 | – | -36,439 | – | -0.49% | – |
| WLTW | Exit | Willis Towers Watson Public Limited Company | $0 | – | -9,184 | – | -0.51% | – |
| SNY | Exit | Sanofi - ADR | $0 | – | -51,689 | – | -0.54% | – |
| NVS | Exit | Novartis AG - ADR | $0 | – | -30,718 | – | -0.64% | – |
| HUM | Exit | Humana Inc. | $0 | – | -4,986 | – | -0.66% | – |
| WMT | Exit | Wal-Mart Stores Inc. | $0 | – | -19,950 | – | -0.71% | – |
| CPRT | Exit | Copart Inc. | $0 | – | -25,340 | – | -0.74% | – |
| SONY | Exit | Sony Group Corp. - Spon ADR | $0 | – | -43,022 | – | -0.76% | – |
| BDX | Exit | Becton Dickinson & Co. | $0 | – | -12,689 | – | -0.78% | – |
| NWSA | Exit | News Corporation | $0 | – | -188,546 | – | -0.78% | – |
| RTX | Exit | Raytheon Technologies Corp. | $0 | – | -42,895 | – | -0.96% | – |
| PFE | Exit | Pfizer Inc. | $0 | – | -80,467 | – | -0.96% | – |
| CDW | Exit | CDW Corp. of Delaware | $0 | – | -22,627 | – | -0.97% | – |
| OTIS | Exit | Otis Worldwide Corp. | $0 | – | -57,288 | – | -1.00% | – |
| ALSN | Exit | Allison Transmission Holding | $0 | – | -108,562 | – | -1.00% | – |
| FB | Exit | Meta Platforms, Inc. | $0 | – | -27,454 | – | -1.02% | – |
| TFC | Exit | Truist Financial Corp. | $0 | – | -91,260 | – | -1.09% | – |
| BRKB | Exit | Berkshire Hathaway Inc. CL B | $0 | – | -16,323 | – | -1.20% | – |
| ULTA | Exit | Ulta Beauty Inc. | $0 | – | -10,993 | – | -1.21% | – |
| GNTX | Exit | Gentex Corp. | $0 | – | -185,513 | – | -1.21% | – |
| CME | Exit | CME Group Inc. | $0 | – | -25,495 | – | -1.24% | – |
| LIN | Exit | Linde PLC | $0 | – | -17,134 | – | -1.27% | – |
| CSCO | Exit | Cisco Systems Inc. | $0 | – | -116,121 | – | -1.27% | – |
| ROST | Exit | Ross Stores Inc. | $0 | – | -59,258 | – | -1.37% | – |
| AOS | Exit | Smith (A.O.) Corp. | $0 | – | -104,314 | – | -1.39% | – |
| PEP | Exit | PepsiCo Inc. | $0 | – | -31,049 | – | -1.39% | – |
| KO | Exit | Coca Cola Co. | $0 | – | -93,720 | – | -1.44% | – |
| UNP | Exit | Union Pacific Corp. | $0 | – | -27,247 | – | -1.46% | – |
| BAX | Exit | Baxter International Inc. | $0 | – | -111,833 | – | -1.65% | – |
| AON | Exit | AON PLC | $0 | – | -22,781 | – | -1.67% | – |
| VMW | Exit | VMware, Inc. | $0 | – | -58,373 | – | -1.70% | – |
| BKNG | Exit | Booking Holdings Inc. | $0 | – | -4,372 | – | -1.97% | – |
| MDLZ | Exit | Mondelez International Inc. | $0 | – | -136,431 | – | -2.05% | – |
| V | Exit | Visa Inc. Class A Shares | $0 | – | -44,675 | – | -2.18% | – |
| EFX | Exit | Equifax Inc | $0 | – | -49,191 | – | -2.31% | – |
| CHRW | Exit | C.H. Robinson Worldwide Inc. | $0 | – | -87,565 | – | -2.31% | – |
| LHX | Exit | L3Harris Technologies Inc. | $0 | – | -43,544 | – | -2.48% | – |
| AXP | Exit | American Express | $0 | – | -68,072 | – | -2.52% | – |
| GWW | Exit | W.W. Grainger Inc. | $0 | – | -19,079 | – | -2.56% | – |
| PM | Exit | Philip Morris International Inc. | $0 | – | -113,807 | – | -2.59% | – |
| GOOGL | Exit | Alphabet Inc. CL A | $0 | – | -101,851 | – | -2.67% | – |
| MMC | Exit | Marsh & McLennan Cos. | $0 | – | -65,572 | – | -2.68% | – |
| ZBRA | Exit | Zebra Technologies Corp-CL A | $0 | – | -40,617 | – | -2.92% | – |
| MDT | Exit | Medtronic PLC | $0 | – | -137,636 | – | -3.05% | – |
| KEYS | Exit | Keysight Technologies Inc. | $0 | – | -87,363 | – | -3.77% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -35,151 | – | -4.87% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -121,028 | – | -5.42% | – |
| MSI | Exit | Motorola Solutions Inc. | $0 | – | -92,189 | – | -5.66% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -91,710 | – | -5.85% | – |
| EEM | Exit | IShares MSCI Emerging Mkt Index | $0 | – | -670,061 | – | -6.40% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| EEM | New | IShares MSCI Emerging Mkt Index | $23,372,000 | – | 670,061 | – | 6.40% | – |
| MSFT | Buy | Microsoft Corp. | $21,359,000 | -9.8% | 91,710 | +14.7% | 5.85% | -14.5% |
| MSI | Buy | Motorola Solutions Inc. | $20,648,000 | -0.7% | 92,189 | +13.2% | 5.66% | -5.9% |
| JNJ | Buy | Johnson & Johnson | $19,771,000 | -14.4% | 121,028 | +3.1% | 5.42% | -18.9% |
| UNH | Buy | UnitedHealth Group Inc. | $17,753,000 | -2.4% | 35,151 | +15.8% | 4.87% | -7.5% |
| KEYS | Buy | Keysight Technologies Inc. | $13,747,000 | +5.7% | 87,363 | +9.3% | 3.77% | +0.2% |
| MDT | Buy | Medtronic PLC | $11,114,000 | +26.1% | 137,636 | +40.2% | 3.05% | +19.5% |
| ZBRA | Buy | Zebra Technologies Corp-CL A | $10,642,000 | -5.7% | 40,617 | +33.6% | 2.92% | -10.6% |
| MMC | Buy | Marsh & McLennan Cos. | $9,789,000 | -4.4% | 65,572 | +27.9% | 2.68% | -9.4% |
| GOOGL | Buy | Alphabet Inc. CL A | $9,742,000 | +72.6% | 101,851 | +3832.5% | 2.67% | +63.6% |
| PM | Buy | Philip Morris International Inc. | $9,447,000 | +158.5% | 113,807 | +365.5% | 2.59% | +144.9% |
| GWW | Buy | W.W. Grainger Inc. | $9,333,000 | +21.1% | 19,079 | +12.4% | 2.56% | +14.8% |
| AXP | Buy | American Express | $9,184,000 | -3.5% | 68,072 | +31.4% | 2.52% | -8.5% |
| LHX | Buy | L3Harris Technologies Inc. | $9,050,000 | -13.9% | 43,544 | +0.1% | 2.48% | -18.4% |
| EFX | Buy | Equifax Inc | $8,433,000 | -15.5% | 49,191 | +15.0% | 2.31% | -19.9% |
| CHRW | Buy | C.H. Robinson Worldwide Inc. | $8,433,000 | +27.4% | 87,565 | +67.4% | 2.31% | +20.7% |
| V | Buy | Visa Inc. Class A Shares | $7,937,000 | -13.8% | 44,675 | +11.5% | 2.18% | -18.4% |
| MDLZ | Buy | Mondelez International Inc. | $7,481,000 | -22.1% | 136,431 | +8.1% | 2.05% | -26.2% |
| BKNG | Sell | Booking Holdings Inc. | $7,184,000 | -7.3% | 4,372 | -1.3% | 1.97% | -12.1% |
| VMW | Buy | VMware, Inc. | $6,214,000 | -5.5% | 58,373 | +1.2% | 1.70% | -10.5% |
| AON | Buy | AON PLC | $6,102,000 | -5.5% | 22,781 | +47.0% | 1.67% | -10.4% |
| BAX | Buy | Baxter International Inc. | $6,023,000 | -17.0% | 111,833 | +50.4% | 1.65% | -21.3% |
| UNP | Buy | Union Pacific Corp. | $5,308,000 | -5.4% | 27,247 | +28.8% | 1.46% | -10.3% |
| PEP | Buy | PepsiCo Inc. | $5,069,000 | -3.4% | 31,049 | +48.4% | 1.39% | -8.5% |
| AOS | Buy | Smith (A.O.) Corp. | $5,068,000 | -11.1% | 104,314 | +22.3% | 1.39% | -15.7% |
| ROST | Buy | Ross Stores Inc. | $4,994,000 | +19.5% | 59,258 | +30.9% | 1.37% | +13.2% |
| CSCO | Buy | Cisco Systems Inc. | $4,645,000 | +30.0% | 116,121 | +38.6% | 1.27% | +23.2% |
| LIN | Sell | Linde PLC | $4,619,000 | -7.9% | 17,134 | -1.8% | 1.27% | -12.7% |
| CME | Buy | CME Group Inc. | $4,516,000 | +10.5% | 25,495 | +88.3% | 1.24% | +4.7% |
| GNTX | Buy | Gentex Corp. | $4,423,000 | -23.5% | 185,513 | +9.5% | 1.21% | -27.5% |
| ULTA | Buy | Ulta Beauty Inc. | $4,410,000 | +0.6% | 10,993 | +38.2% | 1.21% | -4.6% |
| TFC | Buy | Truist Financial Corp. | $3,973,000 | +2.3% | 91,260 | +11.5% | 1.09% | -3.0% |
| FB | Buy | Meta Platforms, Inc. | $3,725,000 | -6.4% | 27,454 | +11.2% | 1.02% | -11.3% |
| ALSN | Buy | Allison Transmission Holding | $3,665,000 | -11.1% | 108,562 | +1.3% | 1.00% | -15.8% |
| OTIS | Sell | Otis Worldwide Corp. | $3,655,000 | -10.7% | 57,288 | -1.1% | 1.00% | -15.4% |
| CDW | Buy | CDW Corp. of Delaware | $3,532,000 | +163.4% | 22,627 | +165.9% | 0.97% | +149.5% |
| PFE | Buy | Pfizer Inc. | $3,521,000 | -17.7% | 80,467 | +26.3% | 0.96% | -22.1% |
| RTX | Buy | Raytheon Technologies Corp. | $3,511,000 | -14.0% | 42,895 | +1.0% | 0.96% | -18.5% |
| NWSA | New | News Corporation | $2,849,000 | – | 188,546 | – | 0.78% | – |
| BDX | Buy | Becton Dickinson & Co. | $2,827,000 | -9.0% | 12,689 | +0.7% | 0.78% | -13.7% |
| SONY | Buy | Sony Group Corp. - Spon ADR | $2,756,000 | -28.0% | 43,022 | +138.2% | 0.76% | -31.8% |
| CPRT | Sell | Copart Inc. | $2,696,000 | -22.0% | 25,340 | -1.9% | 0.74% | -26.1% |
| HUM | Buy | Humana Inc. | $2,419,000 | +5.2% | 4,986 | +1.5% | 0.66% | -0.3% |
| NVS | Buy | Novartis AG - ADR | $2,335,000 | -13.2% | 30,718 | +175.0% | 0.64% | -17.7% |
| SNY | Buy | Sanofi - ADR | $1,965,000 | -5.7% | 51,689 | +846.0% | 0.54% | -10.6% |
| WLTW | Sell | Willis Towers Watson Public Limited Company | $1,845,000 | +0.2% | 9,184 | -1.5% | 0.51% | -4.9% |
| SEIC | Buy | SEI Investments Company | $1,787,000 | +5.4% | 36,439 | +16.1% | 0.49% | 0.0% |
| RELX | Buy | RELX PLC - Spon ADR | $1,647,000 | -15.9% | 67,737 | +790.3% | 0.45% | -20.3% |
| SPGI | Sell | S&P Global Inc. | $1,243,000 | -10.7% | 4,070 | -1.5% | 0.34% | -15.2% |
| UL | Buy | Unilever PLC - ADR | $1,135,000 | -12.2% | 25,888 | +568.9% | 0.31% | -16.8% |
| NEM | New | Newmont Corporation | $795,000 | – | 18,913 | – | 0.22% | – |
| FCX | New | Freeport-McMoRan Copper & Gold Inc. | $319,000 | – | 11,660 | – | 0.09% | – |
| MITK | Exit | Mitek Systems, Inc. | $0 | – | -12,874 | – | -0.03% | – |
| CCU | Exit | Cia Cervecerias Unidas - ADR | $0 | – | -43,782 | – | -0.16% | – |
| VVV | Exit | Valvoline Inc. | $0 | – | -37,155 | – | -0.31% | – |
| CTVA | Exit | Corteva Inc. | $0 | – | -29,260 | – | -0.46% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | Microsoft Corp. | $23,670,000 | – | 79,932 | – | 6.84% | – |
| JNJ | New | Johnson & Johnson | $23,106,000 | – | 117,417 | – | 6.68% | – |
| MSI | New | Motorola Solutions Inc. | $20,796,000 | – | 81,474 | – | 6.01% | – |
| UNH | New | UnitedHealth Group Inc. | $18,190,000 | – | 30,347 | – | 5.26% | – |
| KEYS | New | Keysight Technologies Inc. | $13,006,000 | – | 79,933 | – | 3.76% | – |
| ZBRA | New | Zebra Technologies Corp-CL A | $11,281,000 | – | 30,410 | – | 3.26% | – |
| LHX | New | L3Harris Technologies Inc. | $10,514,000 | – | 43,502 | – | 3.04% | – |
| MMC | New | Marsh & McLennan Cos. | $10,236,000 | – | 51,286 | – | 2.96% | – |
| EFX | New | Equifax Inc | $9,980,000 | – | 42,778 | – | 2.89% | – |
| MDLZ | New | Mondelez International Inc. | $9,605,000 | – | 126,257 | – | 2.78% | – |
| AXP | New | American Express | $9,517,000 | – | 51,798 | – | 2.75% | – |
| V | New | Visa Inc. Class A Shares | $9,213,000 | – | 40,080 | – | 2.66% | – |
| MDT | New | Medtronic PLC | $8,812,000 | – | 98,188 | – | 2.55% | – |
| BKNG | New | Booking Holdings Inc. | $7,750,000 | – | 4,431 | – | 2.24% | – |
| GWW | New | W.W. Grainger Inc. | $7,710,000 | – | 16,967 | – | 2.23% | – |
| BAX | New | Baxter International Inc. | $7,254,000 | – | 74,344 | – | 2.10% | – |
| CHRW | New | C.H. Robinson Worldwide Inc. | $6,621,000 | – | 52,301 | – | 1.91% | – |
| VMW | New | VMware, Inc. | $6,577,000 | – | 57,700 | – | 1.90% | – |
| AON | New | AON PLC | $6,457,000 | – | 15,499 | – | 1.87% | – |
| KO | New | Coca Cola Co. | $5,896,000 | – | 93,720 | – | 1.70% | – |
| GNTX | New | Gentex Corp. | $5,780,000 | – | 169,360 | – | 1.67% | – |
| AOS | New | Smith (A.O.) Corp. | $5,700,000 | – | 85,261 | – | 1.65% | – |
| GOOGL | New | Alphabet Inc. CL A | $5,644,000 | – | 2,590 | – | 1.63% | – |
| UNP | New | Union Pacific Corp. | $5,610,000 | – | 21,162 | – | 1.62% | – |
| PEP | New | PepsiCo Inc. | $5,249,000 | – | 20,924 | – | 1.52% | – |
| LIN | New | Linde PLC | $5,016,000 | – | 17,445 | – | 1.45% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $4,457,000 | – | 16,323 | – | 1.29% | – |
| ULTA | New | Ulta Beauty Inc. | $4,383,000 | – | 7,955 | – | 1.27% | – |
| PFE | New | Pfizer Inc. | $4,280,000 | – | 63,698 | – | 1.24% | – |
| ROST | New | Ross Stores Inc. | $4,180,000 | – | 45,277 | – | 1.21% | – |
| ALSN | New | Allison Transmission Holding | $4,121,000 | – | 107,176 | – | 1.19% | – |
| OTIS | New | Otis Worldwide Corp. | $4,094,000 | – | 57,931 | – | 1.18% | – |
| CME | New | CME Group Inc. | $4,087,000 | – | 13,543 | – | 1.18% | – |
| RTX | New | Raytheon Tech. Corp | $4,081,000 | – | 42,462 | – | 1.18% | – |
| FB | New | Meta Platforms, Inc. | $3,981,000 | – | 24,689 | – | 1.15% | – |
| TFC | New | Truist Financial Corp. | $3,883,000 | – | 81,869 | – | 1.12% | – |
| SONY | New | Sony Group Corp. - Spon ADR | $3,827,000 | – | 18,064 | – | 1.11% | – |
| PM | New | Philip Morris International Inc. | $3,655,000 | – | 24,447 | – | 1.06% | – |
| CSCO | New | Cisco Systems Inc. | $3,573,000 | – | 83,787 | – | 1.03% | – |
| CPRT | New | Copart Inc. | $3,458,000 | – | 25,821 | – | 1.00% | – |
| BDX | New | Becton Dickinson & Co. | $3,105,000 | – | 12,596 | – | 0.90% | – |
| NVS | New | Novartis AG - ADR | $2,690,000 | – | 11,172 | – | 0.78% | – |
| WMT | New | Wal-Mart Stores Inc. | $2,426,000 | – | 19,950 | – | 0.70% | – |
| HUM | New | Humana Inc. | $2,299,000 | – | 4,911 | – | 0.66% | – |
| SNY | New | Sanofi - ADR | $2,084,000 | – | 5,464 | – | 0.60% | – |
| RELX | New | RELX PLC - Spon ADR | $1,958,000 | – | 7,608 | – | 0.57% | – |
| ABBV | New | AbbVie Inc. | $1,875,000 | – | 12,242 | – | 0.54% | – |
| WLTW | New | Willis Towers Watson Public Limited Company | $1,841,000 | – | 9,327 | – | 0.53% | – |
| SEIC | New | SEI Investments Company | $1,695,000 | – | 31,373 | – | 0.49% | – |
| CTVA | New | Corteva Inc. | $1,584,000 | – | 29,260 | – | 0.46% | – |
| SPGI | New | S&P Global Inc. | $1,392,000 | – | 4,131 | – | 0.40% | – |
| CDW | New | CDW Corp. of Delaware | $1,341,000 | – | 8,509 | – | 0.39% | – |
| ABT | New | Abbott Laboratories | $1,326,000 | – | 12,200 | – | 0.38% | – |
| UL | New | Unilever PLC - ADR | $1,292,000 | – | 3,870 | – | 0.37% | – |
| VVV | New | Valvoline Inc. | $1,071,000 | – | 37,155 | – | 0.31% | – |
| KHC | New | Kraft Heinz Company | $702,000 | – | 18,418 | – | 0.20% | – |
| CCU | New | Cia Cervecerias Unidas - ADR | $553,000 | – | 43,782 | – | 0.16% | – |
| PG | New | Procter & Gamble Co. | $508,000 | – | 3,532 | – | 0.15% | – |
| XOM | New | Exxon Mobil Corp. | $273,000 | – | 3,183 | – | 0.08% | – |
| IMXI | New | International Money Express, Inc. | $253,000 | – | 12,379 | – | 0.07% | – |
| NSP | New | Insperity, Inc. | $220,000 | – | 2,205 | – | 0.06% | – |
| MITK | New | Mitek Systems, Inc. | $119,000 | – | 12,874 | – | 0.03% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| USB | Exit | U.S. Bancorp. | $0 | – | -3,463 | – | -0.05% | – |
| PG | Exit | Procter & Gamble Co. | $0 | – | -3,532 | – | -0.12% | – |
| CCU | Exit | Cia Cervecerias Unidas - ADR | $0 | – | -34,630 | – | -0.15% | – |
| KHC | Exit | Kraft Heinz Company | $0 | – | -18,418 | – | -0.17% | – |
| KT | Exit | KT Corp. - ADR | $0 | – | -52,641 | – | -0.18% | – |
| YUMC | Exit | Yum China Holdings Inc. | $0 | – | -12,388 | – | -0.18% | – |
| NVO | Exit | Novo Nordisk Spons ADR | $0 | – | -8,368 | – | -0.20% | – |
| ABBV | Exit | AbbVie Inc. | $0 | – | -12,200 | – | -0.33% | – |
| SBUX | Exit | Starbucks Corp. | $0 | – | -11,947 | – | -0.33% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -12,200 | – | -0.36% | – |
| TJX | Exit | TJX Companies Inc. | $0 | – | -23,499 | – | -0.39% | – |
| UL | Exit | Unilever PLC - ADR | $0 | – | -29,536 | – | -0.40% | – |
| CDW | Exit | CDW Corp. of Delaware | $0 | – | -11,851 | – | -0.54% | – |
| RELX | Exit | RELX PLC - Spon ADR | $0 | – | -77,537 | – | -0.56% | – |
| SNY | Exit | Sanofi - ADR | $0 | – | -47,361 | – | -0.57% | – |
| WMT | Exit | Wal-Mart Stores Inc. | $0 | – | -19,950 | – | -0.70% | – |
| AXTA | Exit | Axalta Coating Systems Ltd. | $0 | – | -113,525 | – | -0.83% | – |
| TRU | Exit | TransUnion | $0 | – | -29,781 | – | -0.84% | – |
| ALSN | Exit | Allison Transmission Holding | $0 | – | -96,853 | – | -0.86% | – |
| VVV | Exit | Valvoline Inc. | $0 | – | -110,158 | – | -0.86% | – |
| NVS | Exit | Novartis AG - ADR | $0 | – | -43,289 | – | -0.88% | – |
| CME | Exit | CME Group Inc. | $0 | – | -19,217 | – | -0.93% | – |
| BDX | Exit | Becton Dickinson & Co. | $0 | – | -15,113 | – | -0.93% | – |
| PFE | Exit | Pfizer Inc. | $0 | – | -93,997 | – | -1.01% | – |
| BRKB | Exit | Berkshire Hathaway Inc. CL B | $0 | – | -16,323 | – | -1.11% | – |
| ULTA | Exit | Ulta Beauty Inc. | $0 | – | -12,504 | – | -1.13% | – |
| ROST | Exit | Ross Stores Inc. | $0 | – | -41,883 | – | -1.14% | – |
| KO | Exit | Coca Cola Co. | $0 | – | -93,720 | – | -1.23% | – |
| CPRT | Exit | Copart Inc. | $0 | – | -35,430 | – | -1.23% | – |
| AOS | Exit | Smith (A.O.) Corp. | $0 | – | -80,785 | – | -1.23% | – |
| SONY | Exit | Sony Group Corp. - Spon ADR | $0 | – | -45,500 | – | -1.26% | – |
| RTX | Exit | Raytheon Technologies Corp. | $0 | – | -59,889 | – | -1.29% | – |
| UNP | Exit | Union Pacific Corp. | $0 | – | -26,491 | – | -1.30% | – |
| GNTX | Exit | Gentex Corp. | $0 | – | -169,632 | – | -1.40% | – |
| LIN | Exit | Linde PLC | $0 | – | -19,103 | – | -1.40% | – |
| CTVA | Exit | Corteva Inc. | $0 | – | -136,659 | – | -1.44% | – |
| PEP | Exit | PepsiCo Inc. | $0 | – | -41,640 | – | -1.56% | – |
| OTIS | Exit | Otis Worldwide Corp. | $0 | – | -86,991 | – | -1.79% | – |
| AON | Exit | AON PLC | $0 | – | -25,521 | – | -1.82% | – |
| FB | Exit | Facebook Inc - CL A | $0 | – | -24,090 | – | -2.04% | – |
| GWW | Exit | W.W. Grainger Inc. | $0 | – | -20,850 | – | -2.05% | – |
| EFX | Exit | Equifax Inc | $0 | – | -32,986 | – | -2.09% | – |
| CHRW | Exit | C.H. Robinson Worldwide Inc. | $0 | – | -106,914 | – | -2.32% | – |
| ZBRA | Exit | Zebra Technologies Corp-CL A | $0 | – | -18,895 | – | -2.43% | – |
| BAX | Exit | Baxter International Inc. | $0 | – | -121,808 | – | -2.45% | – |
| AXP | Exit | American Express | $0 | – | -59,973 | – | -2.51% | – |
| MMC | Exit | Marsh & McLennan Cos. | $0 | – | -68,802 | – | -2.60% | – |
| LHX | Exit | L3Harris Technologies Inc. | $0 | – | -47,637 | – | -2.62% | – |
| KEYS | Exit | Keysight Technologies Inc. | $0 | – | -66,613 | – | -2.73% | – |
| MDLZ | Exit | Mondelez International Inc. | $0 | – | -199,999 | – | -2.91% | – |
| CSCO | Exit | Cisco Systems Inc. | $0 | – | -223,619 | – | -3.04% | – |
| PM | Exit | Philip Morris International Inc. | $0 | – | -164,302 | – | -3.89% | – |
| BKNG | Exit | Booking Holdings Inc. | $0 | – | -6,710 | – | -3.98% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -44,949 | – | -4.39% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -133,150 | – | -5.37% | – |
| MDT | Exit | Medtronic PLC | $0 | – | -183,465 | – | -5.75% | – |
| MSI | Exit | Motorola Solutions Inc. | $0 | – | -105,305 | – | -6.11% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -114,164 | – | -8.04% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Sell | Microsoft Corp. | $32,185,000 | -7.1% | 114,164 | -10.7% | 8.04% | -2.4% |
| MSI | Sell | Motorola Solutions Inc. | $24,464,000 | -4.8% | 105,305 | -11.1% | 6.11% | +0.0% |
| MDT | Sell | Medtronic PLC | $22,997,000 | -2.9% | 183,465 | -3.9% | 5.75% | +2.0% |
| JNJ | Sell | Johnson & Johnson | $21,504,000 | -3.1% | 133,150 | -1.2% | 5.37% | +1.8% |
| UNH | Sell | UnitedHealth Group Inc. | $17,563,000 | -3.3% | 44,949 | -0.9% | 4.39% | +1.6% |
| BKNG | Buy | Booking Holdings Inc. | $15,929,000 | +21.8% | 6,710 | +12.3% | 3.98% | +28.0% |
| PM | Sell | Philip Morris International Inc. | $15,574,000 | -6.3% | 164,302 | -2.0% | 3.89% | -1.6% |
| CSCO | Sell | Cisco Systems Inc. | $12,172,000 | -0.4% | 223,619 | -3.0% | 3.04% | +4.6% |
| MDLZ | Sell | Mondelez International Inc. | $11,636,000 | -10.0% | 199,999 | -3.4% | 2.91% | -5.5% |
| KEYS | Buy | Keysight Technologies Inc. | $10,944,000 | +6.4% | 66,613 | +0.0% | 2.73% | +11.8% |
| LHX | Sell | L3Harris Technologies Inc. | $10,492,000 | -1.0% | 47,637 | -2.9% | 2.62% | +3.9% |
| MMC | Sell | Marsh & McLennan Cos. | $10,419,000 | +2.8% | 68,802 | -4.5% | 2.60% | +8.0% |
| AXP | Sell | American Express | $10,047,000 | -4.1% | 59,973 | -5.4% | 2.51% | +0.8% |
| BAX | Buy | Baxter International Inc. | $9,797,000 | +8.1% | 121,808 | +8.2% | 2.45% | +13.6% |
| ZBRA | Sell | Zebra Technologies Corp-CL A | $9,739,000 | -9.9% | 18,895 | -7.4% | 2.43% | -5.3% |
| CHRW | Sell | C.H. Robinson Worldwide Inc. | $9,302,000 | -10.8% | 106,914 | -3.9% | 2.32% | -6.3% |
| EFX | Sell | Equifax Inc | $8,359,000 | -0.8% | 32,986 | -6.3% | 2.09% | +4.2% |
| GWW | Buy | W.W. Grainger Inc. | $8,195,000 | -8.1% | 20,850 | +2.5% | 2.05% | -3.4% |
| FB | Sell | Facebook Inc - CL A | $8,176,000 | -7.9% | 24,090 | -5.7% | 2.04% | -3.3% |
| AON | Sell | AON PLC | $7,293,000 | +11.9% | 25,521 | -6.5% | 1.82% | +17.5% |
| OTIS | Sell | Otis Worldwide Corp. | $7,158,000 | -4.4% | 86,991 | -5.0% | 1.79% | +0.4% |
| PEP | Sell | PepsiCo Inc. | $6,263,000 | -5.4% | 41,640 | -6.8% | 1.56% | -0.6% |
| CTVA | Buy | Corteva Inc. | $5,751,000 | +8.5% | 136,659 | +14.3% | 1.44% | +14.0% |
| LIN | Buy | Linde PLC | $5,604,000 | +5.6% | 19,103 | +4.1% | 1.40% | +10.9% |
| GNTX | Buy | Gentex Corp. | $5,594,000 | +79.8% | 169,632 | +80.4% | 1.40% | +88.9% |
| UNP | Sell | Union Pacific Corp. | $5,193,000 | -17.0% | 26,491 | -6.8% | 1.30% | -12.8% |
| RTX | Buy | Raytheon Technologies Corp. | $5,148,000 | +0.8% | 59,889 | +0.1% | 1.29% | +5.9% |
| SONY | Buy | Sony Group Corp. - Spon ADR | $5,031,000 | +20.6% | 45,500 | +6.1% | 1.26% | +26.7% |
| AOS | Sell | Smith (A.O.) Corp. | $4,934,000 | -21.3% | 80,785 | -7.1% | 1.23% | -17.3% |
| CPRT | Sell | Copart Inc. | $4,915,000 | -3.0% | 35,430 | -7.8% | 1.23% | +1.9% |
| ROST | Sell | Ross Stores Inc. | $4,559,000 | -17.5% | 41,883 | -6.0% | 1.14% | -13.3% |
| ULTA | Sell | Ulta Beauty Inc. | $4,513,000 | -2.7% | 12,504 | -6.8% | 1.13% | +2.3% |
| PFE | Sell | Pfizer Inc. | $4,043,000 | -20.6% | 93,997 | -27.8% | 1.01% | -16.7% |
| CME | Buy | CME Group Inc. | $3,716,000 | -8.5% | 19,217 | +0.6% | 0.93% | -3.9% |
| BDX | Buy | Becton Dickinson & Co. | $3,715,000 | +28.7% | 15,113 | +27.4% | 0.93% | +35.3% |
| NVS | Sell | Novartis AG - ADR | $3,540,000 | -10.9% | 43,289 | -0.5% | 0.88% | -6.4% |
| VVV | Buy | Valvoline Inc. | $3,435,000 | +11.9% | 110,158 | +16.5% | 0.86% | +17.5% |
| ALSN | Sell | Allison Transmission Holding | $3,421,000 | -11.7% | 96,853 | -0.7% | 0.86% | -7.3% |
| TRU | Sell | TransUnion | $3,345,000 | -6.5% | 29,781 | -8.6% | 0.84% | -1.6% |
| AXTA | Sell | Axalta Coating Systems Ltd. | $3,314,000 | -4.3% | 113,525 | -0.1% | 0.83% | +0.5% |
| SNY | Sell | Sanofi - ADR | $2,283,000 | -10.3% | 47,361 | -2.0% | 0.57% | -5.8% |
| RELX | Sell | RELX PLC - Spon ADR | $2,238,000 | +4.9% | 77,537 | -3.0% | 0.56% | +10.3% |
| CDW | Sell | CDW Corp. of Delaware | $2,157,000 | +3.3% | 11,851 | -0.9% | 0.54% | +8.5% |
| UL | Buy | Unilever PLC - ADR | $1,601,000 | -6.8% | 29,536 | +0.6% | 0.40% | -2.0% |
| TJX | Sell | TJX Companies Inc. | $1,550,000 | -3.1% | 23,499 | -1.0% | 0.39% | +1.6% |
| SBUX | Sell | Starbucks Corp. | $1,318,000 | -29.3% | 11,947 | -28.3% | 0.33% | -25.7% |
| YUMC | Sell | Yum China Holdings Inc. | $720,000 | -14.3% | 12,388 | -2.3% | 0.18% | -10.0% |
| KT | Sell | KT Corp. - ADR | $717,000 | -3.4% | 52,641 | -1.0% | 0.18% | +1.7% |
| CCU | Sell | Cia Cervecerias Unidas - ADR | $599,000 | -56.5% | 34,630 | -49.3% | 0.15% | -54.1% |
| USB | New | U.S. Bancorp. | $206,000 | – | 3,463 | – | 0.05% | – |
| XOM | Exit | Exxon Mobil Corp. | $0 | – | -3,183 | – | -0.05% | – |
| IEX | Exit | IDEX Corp. | $0 | – | -4,933 | – | -0.26% | – |
| DEO | Exit | Diageo PLC - Sponsored ADR | $0 | – | -6,199 | – | -0.28% | – |
| MMM | Exit | 3M Co. | $0 | – | -9,432 | – | -0.44% | – |
| SWK | Exit | Stanley Black & Decker Inc. | $0 | – | -12,023 | – | -0.59% | – |
| DOX | Exit | Amdocs Ltd. | $0 | – | -38,964 | – | -0.72% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | Microsoft Corp. | $34,631,000 | – | 127,837 | – | 8.24% | – |
| MSI | New | Motorola Solutions Inc. | $25,689,000 | – | 118,464 | – | 6.11% | – |
| MDT | New | Medtronic PLC | $23,695,000 | – | 190,885 | – | 5.64% | – |
| JNJ | New | Johnson & Johnson | $22,201,000 | – | 134,762 | – | 5.28% | – |
| UNH | New | UnitedHealth Group Inc. | $18,163,000 | – | 45,357 | – | 4.32% | – |
| PM | New | Philip Morris International Inc. | $16,625,000 | – | 167,740 | – | 3.95% | – |
| BKNG | New | Booking Holdings Inc. | $13,076,000 | – | 5,976 | – | 3.11% | – |
| MDLZ | New | Mondelez International Inc. | $12,930,000 | – | 207,081 | – | 3.08% | – |
| CSCO | New | Cisco Systems Inc. | $12,222,000 | – | 230,611 | – | 2.91% | – |
| ZBRA | New | Zebra Technologies Corp-CL A | $10,805,000 | – | 20,406 | – | 2.57% | – |
| LHX | New | L3Harris Technologies Inc. | $10,603,000 | – | 49,053 | – | 2.52% | – |
| AXP | New | American Express | $10,474,000 | – | 63,390 | – | 2.49% | – |
| CHRW | New | C.H. Robinson Worldwide Inc. | $10,426,000 | – | 111,309 | – | 2.48% | – |
| KEYS | New | Keysight Technologies Inc. | $10,284,000 | – | 66,601 | – | 2.45% | – |
| MMC | New | Marsh & McLennan Cos. | $10,135,000 | – | 72,040 | – | 2.41% | – |
| BAX | New | Baxter International Inc. | $9,063,000 | – | 112,578 | – | 2.16% | – |
| GWW | New | W.W. Grainger Inc. | $8,913,000 | – | 20,349 | – | 2.12% | – |
| FB | New | Facebook Inc - CL A | $8,880,000 | – | 25,539 | – | 2.11% | – |
| EFX | New | Equifax Inc | $8,428,000 | – | 35,190 | – | 2.00% | – |
| OTIS | New | Otis Worldwide Corp. | $7,488,000 | – | 91,577 | – | 1.78% | – |
| PEP | New | PepsiCo Inc. | $6,621,000 | – | 44,686 | – | 1.58% | – |
| AON | New | AON PLC | $6,516,000 | – | 27,289 | – | 1.55% | – |
| AOS | New | Smith (A.O.) Corp. | $6,268,000 | – | 86,980 | – | 1.49% | – |
| UNP | New | Union Pacific Corp. | $6,253,000 | – | 28,432 | – | 1.49% | – |
| ROST | New | Ross Stores Inc. | $5,526,000 | – | 44,565 | – | 1.31% | – |
| LIN | New | Linde PLC | $5,306,000 | – | 18,353 | – | 1.26% | – |
| CTVA | New | Corteva Inc. | $5,302,000 | – | 119,555 | – | 1.26% | – |
| RTX | New | Raytheon Technologies Corp. | $5,105,000 | – | 59,842 | – | 1.21% | – |
| PFE | New | Pfizer Inc. | $5,095,000 | – | 130,113 | – | 1.21% | – |
| KO | New | Coca Cola Co. | $5,071,000 | – | 93,720 | – | 1.21% | – |
| CPRT | New | Copart Inc. | $5,065,000 | – | 38,419 | – | 1.20% | – |
| ULTA | New | Ulta Beauty Inc. | $4,638,000 | – | 13,414 | – | 1.10% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $4,536,000 | – | 16,323 | – | 1.08% | – |
| SONY | New | Sony Group Corp. - Spon ADR | $4,170,000 | – | 42,888 | – | 0.99% | – |
| CME | New | CME Group Inc. | $4,062,000 | – | 19,097 | – | 0.97% | – |
| NVS | New | Novartis AG - ADR | $3,971,000 | – | 43,519 | – | 0.94% | – |
| ALSN | New | Allison Transmission Holding | $3,875,000 | – | 97,521 | – | 0.92% | – |
| TRU | New | TransUnion | $3,576,000 | – | 32,568 | – | 0.85% | – |
| AXTA | New | Axalta Coating Systems Ltd. | $3,464,000 | – | 113,599 | – | 0.82% | – |
| GNTX | New | Gentex Corp. | $3,112,000 | – | 94,038 | – | 0.74% | – |
| VVV | New | Valvoline Inc. | $3,069,000 | – | 94,544 | – | 0.73% | – |
| DOX | New | Amdocs Ltd. | $3,014,000 | – | 38,964 | – | 0.72% | – |
| BDX | New | Becton Dickinson & Co. | $2,886,000 | – | 11,866 | – | 0.69% | – |
| WMT | New | Wal-Mart Stores Inc. | $2,813,000 | – | 19,950 | – | 0.67% | – |
| SNY | New | Sanofi - ADR | $2,545,000 | – | 48,326 | – | 0.60% | – |
| SWK | New | Stanley Black & Decker Inc. | $2,465,000 | – | 12,023 | – | 0.59% | – |
| RELX | New | RELX PLC - Spon ADR | $2,133,000 | – | 79,961 | – | 0.51% | – |
| CDW | New | CDW Corp. of Delaware | $2,089,000 | – | 11,962 | – | 0.50% | – |
| MMM | New | 3M Co. | $1,873,000 | – | 9,432 | – | 0.44% | – |
| SBUX | New | Starbucks Corp. | $1,864,000 | – | 16,670 | – | 0.44% | – |
| UL | New | Unilever PLC - ADR | $1,717,000 | – | 29,347 | – | 0.41% | – |
| TJX | New | TJX Companies Inc. | $1,600,000 | – | 23,728 | – | 0.38% | – |
| ABT | New | Abbott Laboratories | $1,414,000 | – | 12,200 | – | 0.34% | – |
| ABBV | New | AbbVie Inc. | $1,374,000 | – | 12,200 | – | 0.33% | – |
| CCU | New | Cia Cervecerias Unidas - ADR | $1,376,000 | – | 68,322 | – | 0.33% | – |
| DEO | New | Diageo PLC - Sponsored ADR | $1,188,000 | – | 6,199 | – | 0.28% | – |
| IEX | New | IDEX Corp. | $1,086,000 | – | 4,933 | – | 0.26% | – |
| YUMC | New | Yum China Holdings Inc. | $840,000 | – | 12,678 | – | 0.20% | – |
| KHC | New | Kraft Heinz Company | $751,000 | – | 18,418 | – | 0.18% | – |
| KT | New | KT Corp. - ADR | $742,000 | – | 53,197 | – | 0.18% | – |
| NVO | New | Novo Nordisk Spons ADR | $701,000 | – | 8,368 | – | 0.17% | – |
| PG | New | Procter & Gamble Co. | $477,000 | – | 3,532 | – | 0.11% | – |
| XOM | New | Exxon Mobil Corp. | $201,000 | – | 3,183 | – | 0.05% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ESGV | Exit | Vanguard ESG US Stock ETF | $0 | – | -4,353 | – | -0.07% | – |
| VOO | Exit | Vanguard S&P 500 ETF | $0 | – | -1,244 | – | -0.10% | – |
| YUMC | Exit | Yum China Holdings Inc | $0 | – | -10,104 | – | -0.14% | – |
| PG | Exit | Procter & Gamble Co. | $0 | – | -3,932 | – | -0.14% | – |
| KHC | Exit | Kraft Heinz Company | $0 | – | -18,418 | – | -0.14% | – |
| ABBV | Exit | AbbVie Inc. | $0 | – | -12,200 | – | -0.28% | – |
| IEX | Exit | IDEX Corp. | $0 | – | -5,917 | – | -0.28% | – |
| KT | Exit | KT Corp. - ADR | $0 | – | -114,087 | – | -0.28% | – |
| DEO | Exit | Diageo PLC - Sponsored ADR | $0 | – | -8,295 | – | -0.30% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -12,800 | – | -0.36% | – |
| CCU | Exit | Cia Cervecerias Unidas - ADR | $0 | – | -108,852 | – | -0.36% | – |
| KOF | Exit | Coca-Cola FEMSA S.A.B de C.V - ADR | $0 | – | -34,844 | – | -0.37% | – |
| NVO | Exit | Novo Nordisk Spons ADR | $0 | – | -22,848 | – | -0.41% | – |
| WBA | Exit | Walgreens Boots Alliance Inc. | $0 | – | -49,155 | – | -0.46% | – |
| ULTA | Exit | Ulta Beauty Inc. | $0 | – | -8,025 | – | -0.46% | – |
| MMM | Exit | 3M Co. | $0 | – | -11,537 | – | -0.48% | – |
| DD | Exit | Dupont de Nemours Inc. | $0 | – | -35,698 | – | -0.51% | – |
| SAP | Exit | SAP SE - Sponsored ADR | $0 | – | -13,694 | – | -0.55% | – |
| UL | Exit | Unilever PLC - ADR | $0 | – | -35,659 | – | -0.57% | – |
| CHKP | Exit | Check Point Software Technologies Ltd. | $0 | – | -18,552 | – | -0.58% | – |
| SNY | Exit | Sanofi - ADR | $0 | – | -48,313 | – | -0.62% | – |
| SWK | Exit | Stanley Black & Decker Inc. | $0 | – | -14,972 | – | -0.63% | – |
| ROST | Exit | Ross Stores Inc. | $0 | – | -29,443 | – | -0.71% | – |
| WMT | Exit | Wal-Mart Stores Inc. | $0 | – | -19,950 | – | -0.72% | – |
| GNTX | Exit | Gentex Corp. | $0 | – | -110,090 | – | -0.73% | – |
| SONY | Exit | Sony Corp. - Spon ADR | $0 | – | -39,825 | – | -0.79% | – |
| BTI | Exit | British American Tobacco PLC - ADR | $0 | – | -85,788 | – | -0.80% | – |
| ALSN | Exit | Allison Transmission Holding | $0 | – | -90,511 | – | -0.82% | – |
| BDX | Exit | Becton Dickinson & Co. | $0 | – | -13,933 | – | -0.84% | – |
| BRKB | Exit | Berkshire Hathaway Inc. CL B | $0 | – | -16,323 | – | -0.90% | – |
| DOX | Exit | Amdocs Ltd. | $0 | – | -64,000 | – | -0.95% | – |
| CME | Exit | CME Group Inc. | $0 | – | -23,717 | – | -1.02% | – |
| SBUX | Exit | Starbucks Corp | $0 | – | -46,494 | – | -1.03% | – |
| KO | Exit | Coca Cola Co. | $0 | – | -93,720 | – | -1.19% | – |
| TRU | Exit | TransUnion | $0 | – | -55,863 | – | -1.21% | – |
| NVS | Exit | Novartis AG - ADR | $0 | – | -60,289 | – | -1.35% | – |
| FB | Exit | Facebook Inc - Class A | $0 | – | -20,087 | – | -1.36% | – |
| GWW | Exit | W.W. Grainger Inc. | $0 | – | -14,792 | – | -1.36% | – |
| CPRT | Exit | Copart Inc. | $0 | – | -51,423 | – | -1.40% | – |
| LIN | Exit | Linde PLC | $0 | – | -23,027 | – | -1.42% | – |
| HSY | Exit | The Hershey Co. | $0 | – | -38,544 | – | -1.43% | – |
| AOS | Exit | Smith (A.O.) Corp | $0 | – | -113,404 | – | -1.54% | – |
| CTVA | Exit | Corteva Inc. | $0 | – | -218,304 | – | -1.62% | – |
| UNP | Exit | Union Pacific Corp. | $0 | – | -33,580 | – | -1.71% | – |
| MMC | Exit | Marsh & McLennan Cos. | $0 | – | -58,141 | – | -1.72% | – |
| LHX | Exit | L3Harris Technologies Inc. | $0 | – | -39,885 | – | -1.75% | – |
| ZBRA | Exit | Zebra Technologies Corp-CL A | $0 | – | -27,528 | – | -1.79% | – |
| AXP | Exit | American Express | $0 | – | -71,558 | – | -1.85% | – |
| AON | Exit | AON PLC | $0 | – | -34,962 | – | -1.86% | – |
| PFE | Exit | Pfizer Inc. | $0 | – | -204,983 | – | -1.94% | – |
| PEP | Exit | PepsiCo Inc. | $0 | – | -55,688 | – | -1.99% | – |
| CHRW | Exit | C.H. Robinson Worldwide Inc. | $0 | – | -90,228 | – | -2.38% | – |
| RTX | Exit | Raytheon Technologies Corp. | $0 | – | -170,637 | – | -2.53% | – |
| OTIS | Exit | Otis Worldwide Corp. | $0 | – | -160,584 | – | -2.59% | – |
| PM | Exit | Philip Morris International Inc. | $0 | – | -136,499 | – | -2.64% | – |
| BAX | Exit | Baxter International Inc. | $0 | – | -127,851 | – | -2.65% | – |
| BKNG | Exit | Booking Holdings Inc. | $0 | – | -6,113 | – | -2.70% | – |
| CSCO | Exit | Cisco Systems Inc. | $0 | – | -298,220 | – | -3.03% | – |
| MDLZ | Exit | Mondelez International Inc. | $0 | – | -269,326 | – | -3.99% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -54,576 | – | -4.39% | – |
| MSI | Exit | Motorola Solutions Inc. | $0 | – | -138,387 | – | -5.60% | – |
| MDT | Exit | Medtronic PLC | $0 | – | -233,744 | – | -6.27% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -166,323 | – | -6.39% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -165,078 | – | -8.96% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Sell | Microsoft Corp. | $34,721,000 | -16.2% | 165,078 | -19.0% | 8.96% | -12.0% |
| JNJ | Sell | Johnson & Johnson | $24,762,000 | -16.8% | 166,323 | -21.4% | 6.39% | -12.5% |
| MDT | Sell | Medtronic PLC | $24,291,000 | -0.0% | 233,744 | -11.8% | 6.27% | +5.1% |
| MSI | Buy | Motorola Solutions Inc. | $21,700,000 | +17.9% | 138,387 | +5.4% | 5.60% | +23.9% |
| UNH | Sell | UnitedHealth Group Inc. | $17,015,000 | -17.4% | 54,576 | -21.9% | 4.39% | -13.2% |
| MDLZ | Buy | Mondelez International Inc. | $15,473,000 | +58.6% | 269,326 | +41.1% | 3.99% | +66.7% |
| CSCO | Sell | Cisco Systems Inc. | $11,747,000 | -43.8% | 298,220 | -33.4% | 3.03% | -40.9% |
| BKNG | Sell | Booking Holdings Inc. | $10,457,000 | -12.4% | 6,113 | -18.5% | 2.70% | -7.9% |
| BAX | Sell | Baxter International Inc. | $10,282,000 | -8.9% | 127,851 | -2.4% | 2.65% | -4.2% |
| PM | Sell | Philip Morris International Inc. | $10,236,000 | -15.8% | 136,499 | -21.3% | 2.64% | -11.5% |
| OTIS | Sell | Otis Worldwide Corp. | $10,024,000 | -13.1% | 160,584 | -20.8% | 2.59% | -8.6% |
| RTX | Sell | Raytheon Technologies Corp. | $9,818,000 | -23.8% | 170,637 | -18.4% | 2.53% | -19.9% |
| CHRW | Sell | C.H. Robinson Worldwide Inc. | $9,220,000 | +26.6% | 90,228 | -2.0% | 2.38% | +33.1% |
| PEP | Sell | PepsiCo Inc. | $7,718,000 | +2.2% | 55,688 | -2.4% | 1.99% | +7.5% |
| PFE | Sell | Pfizer Inc. | $7,523,000 | +7.6% | 204,983 | -4.1% | 1.94% | +13.2% |
| AON | Sell | AON PLC | $7,213,000 | +3.8% | 34,962 | -3.1% | 1.86% | +9.1% |
| AXP | Sell | American Express | $7,174,000 | +2.8% | 71,558 | -2.4% | 1.85% | +8.1% |
| ZBRA | Sell | Zebra Technologies Corp-CL A | $6,950,000 | -4.5% | 27,528 | -3.2% | 1.79% | +0.4% |
| LHX | Buy | L3Harris Technologies Inc. | $6,774,000 | +49.5% | 39,885 | +49.4% | 1.75% | +57.2% |
| MMC | Sell | Marsh & McLennan Cos. | $6,669,000 | +3.1% | 58,141 | -3.5% | 1.72% | +8.4% |
| UNP | Sell | Union Pacific Corp. | $6,611,000 | +14.3% | 33,580 | -1.8% | 1.71% | +20.1% |
| CTVA | Sell | Corteva Inc. | $6,289,000 | -25.2% | 218,304 | -30.4% | 1.62% | -21.3% |
| AOS | Sell | Smith (A.O.) Corp | $5,988,000 | +9.3% | 113,404 | -2.4% | 1.54% | +15.0% |
| HSY | Sell | The Hershey Co. | $5,525,000 | -18.3% | 38,544 | -26.1% | 1.43% | -14.0% |
| LIN | Sell | Linde PLC | $5,483,000 | +11.9% | 23,027 | -0.4% | 1.42% | +17.6% |
| CPRT | Sell | Copart Inc. | $5,408,000 | +23.0% | 51,423 | -2.6% | 1.40% | +29.3% |
| GWW | Sell | W.W. Grainger Inc. | $5,277,000 | +13.3% | 14,792 | -0.2% | 1.36% | +19.2% |
| FB | Sell | Facebook Inc - Class A | $5,261,000 | -16.3% | 20,087 | -27.4% | 1.36% | -11.9% |
| NVS | Buy | Novartis AG - ADR | $5,243,000 | +2.2% | 60,289 | +2.6% | 1.35% | +7.4% |
| TRU | Sell | TransUnion | $4,700,000 | -5.6% | 55,863 | -2.4% | 1.21% | -0.7% |
| SBUX | Sell | Starbucks Corp | $3,995,000 | -32.3% | 46,494 | -42.0% | 1.03% | -28.8% |
| CME | New | CME Group Inc. | $3,968,000 | – | 23,717 | – | 1.02% | – |
| DOX | Sell | Amdocs Ltd. | $3,674,000 | -31.2% | 64,000 | -27.0% | 0.95% | -27.7% |
| BDX | Buy | Becton Dickinson & Co. | $3,242,000 | +115.1% | 13,933 | +121.2% | 0.84% | +126.2% |
| ALSN | New | Allison Transmission Holding | $3,181,000 | – | 90,511 | – | 0.82% | – |
| BTI | Sell | British American Tobacco PLC - ADR | $3,101,000 | -10.4% | 85,788 | -3.8% | 0.80% | -5.9% |
| SONY | Sell | Sony Corp. - Spon ADR | $3,057,000 | +6.4% | 39,825 | -4.2% | 0.79% | +11.9% |
| GNTX | Sell | Gentex Corp. | $2,835,000 | -26.4% | 110,090 | -26.4% | 0.73% | -22.6% |
| ROST | New | Ross Stores Inc. | $2,748,000 | – | 29,443 | – | 0.71% | – |
| SWK | Sell | Stanley Black & Decker Inc. | $2,428,000 | +15.9% | 14,972 | -0.4% | 0.63% | +22.0% |
| SNY | Sell | Sanofi - ADR | $2,424,000 | -9.2% | 48,313 | -7.6% | 0.62% | -4.6% |
| CHKP | Sell | Check Point Software Technologies Ltd. | $2,233,000 | +2.9% | 18,552 | -8.1% | 0.58% | +8.1% |
| UL | Sell | Unilever PLC - ADR | $2,199,000 | +1.5% | 35,659 | -9.7% | 0.57% | +6.6% |
| SAP | Sell | SAP SE - Sponsored ADR | $2,134,000 | +2.6% | 13,694 | -7.8% | 0.55% | +7.8% |
| DD | Sell | Dupont de Nemours Inc. | $1,981,000 | -38.4% | 35,698 | -41.0% | 0.51% | -35.2% |
| MMM | Sell | 3M Co. | $1,848,000 | +2.5% | 11,537 | -0.2% | 0.48% | +7.7% |
| ULTA | New | Ulta Beauty Inc. | $1,797,000 | – | 8,025 | – | 0.46% | – |
| WBA | Sell | Walgreens Boots Alliance Inc. | $1,766,000 | -64.6% | 49,155 | -58.2% | 0.46% | -62.8% |
| NVO | Sell | Novo Nordisk Spons ADR | $1,586,000 | +5.7% | 22,848 | -0.3% | 0.41% | +11.1% |
| KOF | Sell | Coca-Cola FEMSA S.A.B de C.V - ADR | $1,419,000 | -13.2% | 34,844 | -6.5% | 0.37% | -8.7% |
| CCU | Buy | Cia Cervecerias Unidas - ADR | $1,412,000 | +6.3% | 108,852 | +17.3% | 0.36% | +11.7% |
| DEO | Sell | Diageo PLC - Sponsored ADR | $1,142,000 | -6.0% | 8,295 | -8.3% | 0.30% | -1.0% |
| KT | Sell | KT Corp. - ADR | $1,096,000 | -4.7% | 114,087 | -3.4% | 0.28% | +0.4% |
| IEX | Buy | IDEX Corp. | $1,079,000 | +15.4% | 5,917 | +0.0% | 0.28% | +21.4% |
| YUMC | Sell | Yum China Holdings Inc | $535,000 | +5.1% | 10,104 | -4.6% | 0.14% | +10.4% |
| CPA | Exit | Copa Holdings SA | $0 | – | -13,993 | – | -0.17% | – |
| TTE | Exit | Total SE - ADR | $0 | – | -55,457 | – | -0.52% | – |
| ORCL | Exit | Oracle Corp. | $0 | – | -52,551 | – | -0.71% | – |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | Microsoft Corp. | $41,455,000 | – | 203,699 | – | 10.18% | – |
| JNJ | New | Johnson & Johnson | $29,748,000 | – | 211,537 | – | 7.30% | – |
| MDT | New | Medtronic PLC | $24,302,000 | – | 265,014 | – | 5.96% | – |
| CSCO | New | Cisco Systems Inc. | $20,893,000 | – | 447,968 | – | 5.13% | – |
| UNH | New | UnitedHealth Group Inc. | $20,607,000 | – | 69,867 | – | 5.06% | – |
| MSI | New | Motorola Solutions Inc. | $18,407,000 | – | 131,357 | – | 4.52% | – |
| RTX | New | Raytheon Technologies Corp. | $12,883,000 | – | 209,072 | – | 3.16% | – |
| PM | New | Philip Morris International Inc. | $12,158,000 | – | 173,542 | – | 2.98% | – |
| BKNG | New | Booking Holdings Inc. | $11,939,000 | – | 7,498 | – | 2.93% | – |
| OTIS | New | Otis Worldwide Corp. | $11,531,000 | – | 202,789 | – | 2.83% | – |
| BAX | New | Baxter International Inc. | $11,284,000 | – | 131,057 | – | 2.77% | – |
| MDLZ | New | Mondelez International Inc. | $9,756,000 | – | 190,816 | – | 2.40% | – |
| CTVA | New | Corteva Inc. | $8,406,000 | – | 313,780 | – | 2.06% | – |
| PEP | New | PepsiCo Inc. | $7,549,000 | – | 57,080 | – | 1.85% | – |
| CHRW | New | C.H. Robinson Worldwide Inc. | $7,282,000 | – | 92,110 | – | 1.79% | – |
| ZBRA | New | Zebra Technologies Corp-CL A | $7,277,000 | – | 28,433 | – | 1.79% | – |
| PFE | New | Pfizer Inc. | $6,989,000 | – | 213,727 | – | 1.72% | – |
| AXP | New | American Express | $6,977,000 | – | 73,285 | – | 1.71% | – |
| AON | New | AON PLC | $6,946,000 | – | 36,063 | – | 1.70% | – |
| HSY | New | The Hershey Co. | $6,760,000 | – | 52,155 | – | 1.66% | – |
| MMC | New | Marsh & McLennan Cos. | $6,469,000 | – | 60,248 | – | 1.59% | – |
| FB | New | Facebook Inc - Class A | $6,282,000 | – | 27,667 | – | 1.54% | – |
| SBUX | New | Starbucks Corp | $5,899,000 | – | 80,164 | – | 1.45% | – |
| UNP | New | Union Pacific Corp. | $5,784,000 | – | 34,210 | – | 1.42% | – |
| AOS | New | Smith (A.O.) Corp | $5,476,000 | – | 116,215 | – | 1.34% | – |
| DOX | New | Amdocs Ltd. | $5,340,000 | – | 87,712 | – | 1.31% | – |
| NVS | New | Novartis AG - ADR | $5,132,000 | – | 58,755 | – | 1.26% | – |
| WBA | New | Walgreens Boots Alliance Inc. | $4,990,000 | – | 117,720 | – | 1.22% | – |
| TRU | New | TransUnion | $4,980,000 | – | 57,215 | – | 1.22% | – |
| LIN | New | Linde PLC | $4,902,000 | – | 23,112 | – | 1.20% | – |
| GWW | New | W.W. Grainger Inc. | $4,656,000 | – | 14,819 | – | 1.14% | – |
| LHX | New | L3Harris Technologies Inc. | $4,530,000 | – | 26,700 | – | 1.11% | – |
| CPRT | New | Copart Inc. | $4,397,000 | – | 52,799 | – | 1.08% | – |
| KO | New | Coca Cola Co. | $4,187,000 | – | 93,720 | – | 1.03% | – |
| GNTX | New | Gentex Corp. | $3,854,000 | – | 149,564 | – | 0.95% | – |
| BTI | New | British American Tobacco PLC - ADR | $3,461,000 | – | 89,156 | – | 0.85% | – |
| DD | New | Dupont de Nemours Inc. | $3,214,000 | – | 60,499 | – | 0.79% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $2,914,000 | – | 16,323 | – | 0.72% | – |
| ORCL | New | Oracle Corp. | $2,904,000 | – | 52,551 | – | 0.71% | – |
| SONY | New | Sony Corp. - Spon ADR | $2,874,000 | – | 41,576 | – | 0.70% | – |
| SNY | New | Sanofi - ADR | $2,669,000 | – | 52,278 | – | 0.66% | – |
| WMT | New | Wal-Mart Stores Inc. | $2,390,000 | – | 19,950 | – | 0.59% | – |
| CHKP | New | Check Point Software Technologies Ltd. | $2,170,000 | – | 20,195 | – | 0.53% | – |
| UL | New | Unilever PLC - ADR | $2,167,000 | – | 39,485 | – | 0.53% | – |
| TTE | New | Total SE - ADR | $2,133,000 | – | 55,457 | – | 0.52% | – |
| SWK | New | Stanley Black & Decker Inc. | $2,095,000 | – | 15,028 | – | 0.51% | – |
| SAP | New | SAP SE - Sponsored ADR | $2,080,000 | – | 14,858 | – | 0.51% | – |
| MMM | New | 3M Co. | $1,803,000 | – | 11,560 | – | 0.44% | – |
| KOF | New | Coca-Cola FEMSA S.A.B de C.V - ADR | $1,635,000 | – | 37,276 | – | 0.40% | – |
| BDX | New | Becton Dickinson & Co. | $1,507,000 | – | 6,300 | – | 0.37% | – |
| NVO | New | Novo Nordisk Spons ADR | $1,500,000 | – | 22,908 | – | 0.37% | – |
| CCU | New | Cia Cervecerias Unidas - ADR | $1,328,000 | – | 92,772 | – | 0.33% | – |
| DEO | New | Diageo PLC - Sponsored ADR | $1,215,000 | – | 9,044 | – | 0.30% | – |
| ABBV | New | AbbVie Inc. | $1,198,000 | – | 12,200 | – | 0.29% | – |
| ABT | New | Abbott Laboratories | $1,170,000 | – | 12,800 | – | 0.29% | – |
| KT | New | KT Corp. - ADR | $1,150,000 | – | 118,072 | – | 0.28% | – |
| IEX | New | IDEX Corp. | $935,000 | – | 5,916 | – | 0.23% | – |
| CPA | New | Copa Holdings SA | $707,000 | – | 13,993 | – | 0.17% | – |
| KHC | New | Kraft Heinz Company | $587,000 | – | 18,418 | – | 0.14% | – |
| YUMC | New | Yum China Holdings Inc | $509,000 | – | 10,593 | – | 0.12% | – |
| PG | New | Procter & Gamble Co. | $470,000 | – | 3,932 | – | 0.12% | – |
| VOO | New | Vanguard S&P 500 ETF | $353,000 | – | 1,244 | – | 0.09% | – |
| ESGV | New | Vanguard ESG US Stock ETF | $245,000 | – | 4,353 | – | 0.06% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| XOM | Exit | Exxon Mobil Corp. | $0 | – | -3,230 | – | -0.04% | – |
| VOO | Exit | Vanguard S&P 500 ETF | $0 | – | -1,213 | – | -0.07% | – |
| ALC | Exit | Alcon Inc.- ADR | $0 | – | -7,538 | – | -0.09% | – |
| PG | Exit | Procter & Gamble Co. | $0 | – | -3,932 | – | -0.10% | – |
| KHC | Exit | Kraft Heinz Company | $0 | – | -18,418 | – | -0.10% | – |
| SSL | Exit | Sasol Ltd. - ADR | $0 | – | -38,265 | – | -0.13% | – |
| ABBV | Exit | AbbVie Inc. | $0 | – | -12,200 | – | -0.18% | – |
| CPA | Exit | Copa Holdings SA | $0 | – | -10,055 | – | -0.20% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -12,800 | – | -0.21% | – |
| KT | Exit | KT Corp. - ADR | $0 | – | -113,100 | – | -0.25% | – |
| CCU | Exit | Cia Cervecerias Unidas - ADR | $0 | – | -60,535 | – | -0.27% | – |
| BDX | Exit | Becton Dickinson & Co. | $0 | – | -6,300 | – | -0.32% | – |
| BKR | Exit | Baker Hughes A GE Co | $0 | – | -74,374 | – | -0.34% | – |
| JCI | Exit | Johnson Controls International PLC | $0 | – | -46,534 | – | -0.41% | – |
| CPRT | Exit | Copart Inc. | $0 | – | -25,553 | – | -0.41% | – |
| LIN | Exit | Linde PLC | $0 | – | -11,934 | – | -0.46% | – |
| HOG | Exit | Harley - Davidson Inc. | $0 | – | -64,723 | – | -0.46% | – |
| WMT | Exit | Wal-Mart Stores Inc. | $0 | – | -19,950 | – | -0.47% | – |
| TIF | Exit | Tiffany & Co. | $0 | – | -26,152 | – | -0.48% | – |
| KOF | Exit | Coca-Cola FEMSA S.A.B de C.V - ADR | $0 | – | -43,616 | – | -0.53% | – |
| MMC | Exit | Marsh & McLennan Cos. | $0 | – | -28,201 | – | -0.56% | – |
| UL | Exit | Unilever PLC - ADR | $0 | – | -47,773 | – | -0.57% | – |
| SNY | Exit | Sanofi - ADR | $0 | – | -64,487 | – | -0.59% | – |
| NVO | Exit | Novo Nordisk Spons ADR | $0 | – | -58,877 | – | -0.61% | – |
| MDLZ | Exit | Mondelez International Inc. | $0 | – | -55,256 | – | -0.61% | – |
| DOX | Exit | Amdocs Ltd. | $0 | – | -46,511 | – | -0.61% | – |
| BRKB | Exit | Berkshire Hathaway Inc. CL B | $0 | – | -16,323 | – | -0.68% | – |
| TTE | Exit | Total SA - ADR | $0 | – | -65,962 | – | -0.68% | – |
| SWK | Exit | Stanley Black & Decker Inc. | $0 | – | -23,795 | – | -0.68% | – |
| BTI | Exit | British American Tobacco PLC - ADR | $0 | – | -95,613 | – | -0.70% | – |
| CTVA | Exit | Corteva Inc. | $0 | – | -135,508 | – | -0.76% | – |
| SABR | Exit | Sabre Corp. | $0 | – | -178,455 | – | -0.80% | – |
| CHKP | Exit | Check Point Software Technologies Ltd. | $0 | – | -43,026 | – | -0.94% | – |
| KO | Exit | Coca Cola Co. | $0 | – | -93,720 | – | -1.02% | – |
| NVS | Exit | Novartis AG - ADR | $0 | – | -70,434 | – | -1.22% | – |
| GWW | Exit | W.W. Grainger Inc. | $0 | – | -23,079 | – | -1.36% | – |
| GNTX | Exit | Gentex Corp. | $0 | – | -259,134 | – | -1.42% | – |
| DD | Exit | Dupont de Nemours Inc. | $0 | – | -102,640 | – | -1.46% | – |
| PFE | Exit | Pfizer Inc. | $0 | – | -235,108 | – | -1.68% | – |
| CHRW | Exit | C.H. Robinson Worldwide Inc. | $0 | – | -107,466 | – | -1.81% | – |
| HSY | Exit | The Hershey Co. | $0 | – | -68,092 | – | -2.10% | – |
| WFC | Exit | Wells Fargo Co. | $0 | – | -221,455 | – | -2.22% | – |
| PM | Exit | Philip Morris International Inc. | $0 | – | -153,278 | – | -2.32% | – |
| BBT | Exit | BB&T Corp. | $0 | – | -222,254 | – | -2.36% | – |
| BAX | Exit | Baxter International Inc. | $0 | – | -143,329 | – | -2.49% | – |
| UNP | Exit | Union Pacific Corp. | $0 | – | -78,533 | – | -2.53% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -60,385 | – | -2.61% | – |
| ORCL | Exit | Oracle Corp. | $0 | – | -247,344 | – | -2.71% | – |
| VVV | Exit | Valvoline Inc. | $0 | – | -629,335 | – | -2.76% | – |
| PEP | Exit | PepsiCo Inc. | $0 | – | -119,376 | – | -3.26% | – |
| MSI | Exit | Motorola Solutions Inc. | $0 | – | -107,201 | – | -3.63% | – |
| CSCO | Exit | Cisco Systems Inc. | $0 | – | -428,878 | – | -4.22% | – |
| AXP | Exit | American Express | $0 | – | -182,832 | – | -4.30% | – |
| AON | Exit | AON PLC | $0 | – | -125,436 | – | -4.83% | – |
| WBA | Exit | Walgreens Boots Alliance Inc. | $0 | – | -490,820 | – | -5.40% | – |
| UTX | Exit | United Technologies Corp. | $0 | – | -208,895 | – | -5.67% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -240,893 | – | -6.20% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -276,140 | – | -7.64% | – |
| MDT | Exit | Medtronic PLC | $0 | – | -393,045 | – | -8.49% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MDT | Sell | Medtronic PLC | $42,693,000 | +4.4% | 393,045 | -6.4% | 8.49% | +11.4% |
| MSFT | Sell | Microsoft Corp. | $38,392,000 | -6.7% | 276,140 | -10.1% | 7.64% | -0.5% |
| JNJ | Sell | Johnson & Johnson | $31,167,000 | -15.4% | 240,893 | -9.0% | 6.20% | -9.8% |
| UTX | Sell | United Technologies Corp. | $28,518,000 | -3.2% | 208,895 | -7.7% | 5.67% | +3.3% |
| WBA | Sell | Walgreens Boots Alliance Inc. | $27,147,000 | -28.9% | 490,820 | -29.7% | 5.40% | -24.1% |
| AON | Sell | AON PLC | $24,281,000 | -0.4% | 125,436 | -0.7% | 4.83% | +6.2% |
| AXP | Sell | American Express | $21,625,000 | -6.5% | 182,832 | -2.4% | 4.30% | -0.3% |
| CSCO | Buy | Cisco Systems Inc. | $21,191,000 | +4.6% | 428,878 | +15.8% | 4.22% | +11.5% |
| MSI | Sell | Motorola Solutions Inc. | $18,268,000 | -20.6% | 107,201 | -22.3% | 3.63% | -15.3% |
| PEP | Sell | PepsiCo Inc. | $16,366,000 | -3.7% | 119,376 | -7.9% | 3.26% | +2.7% |
| VVV | Sell | Valvoline Inc. | $13,864,000 | +9.9% | 629,335 | -2.6% | 2.76% | +17.2% |
| ORCL | Sell | Oracle Corp. | $13,611,000 | -7.8% | 247,344 | -4.6% | 2.71% | -1.7% |
| UNH | Buy | UnitedHealth Group Inc. | $13,123,000 | +5.7% | 60,385 | +18.6% | 2.61% | +12.7% |
| UNP | Sell | Union Pacific Corp. | $12,721,000 | -25.8% | 78,533 | -22.5% | 2.53% | -20.9% |
| BAX | Sell | Baxter International Inc. | $12,537,000 | +4.9% | 143,329 | -1.8% | 2.49% | +11.9% |
| BBT | Sell | BB&T Corp. | $11,862,000 | +5.1% | 222,254 | -3.2% | 2.36% | +12.2% |
| PM | Sell | Philip Morris International Inc. | $11,638,000 | -35.6% | 153,278 | -33.4% | 2.32% | -31.3% |
| WFC | Sell | Wells Fargo Co. | $11,170,000 | +5.2% | 221,455 | -1.3% | 2.22% | +12.2% |
| HSY | Sell | The Hershey Co. | $10,554,000 | +7.3% | 68,092 | -7.3% | 2.10% | +14.4% |
| CHRW | Buy | C.H. Robinson Worldwide Inc. | $9,111,000 | +18.6% | 107,466 | +18.0% | 1.81% | +26.4% |
| PFE | Buy | Pfizer Inc. | $8,447,000 | -13.8% | 235,108 | +3.9% | 1.68% | -8.1% |
| DD | Buy | Dupont de Nemours Inc. | $7,319,000 | +40.4% | 102,640 | +47.8% | 1.46% | +49.8% |
| GNTX | Sell | Gentex Corp. | $7,135,000 | -23.4% | 259,134 | -31.5% | 1.42% | -18.3% |
| GWW | Buy | W.W. Grainger Inc. | $6,858,000 | +25.2% | 23,079 | +13.0% | 1.36% | +33.5% |
| NVS | Sell | Novartis AG - ADR | $6,121,000 | -16.8% | 70,434 | -12.6% | 1.22% | -11.2% |
| CHKP | Sell | Check Point Software Technologies Ltd. | $4,711,000 | -6.2% | 43,026 | -0.9% | 0.94% | +0.1% |
| SABR | Sell | Sabre Corp. | $3,996,000 | -1.1% | 178,455 | -2.0% | 0.80% | +5.4% |
| CTVA | Buy | Corteva Inc. | $3,794,000 | +52.3% | 135,508 | +60.9% | 0.76% | +62.4% |
| BTI | Sell | British American Tobacco PLC - ADR | $3,528,000 | -29.2% | 95,613 | -33.1% | 0.70% | -24.5% |
| SWK | Sell | Stanley Black & Decker Inc. | $3,436,000 | -0.2% | 23,795 | -0.1% | 0.68% | +6.4% |
| TTE | Sell | Total SA - ADR | $3,430,000 | -7.8% | 65,962 | -1.0% | 0.68% | -1.7% |
| DOX | Sell | Amdocs Ltd. | $3,075,000 | +6.0% | 46,511 | -0.4% | 0.61% | +13.1% |
| NVO | Sell | Novo Nordisk Spons ADR | $3,044,000 | -1.3% | 58,877 | -2.5% | 0.61% | +5.4% |
| SNY | Buy | Sanofi - ADR | $2,988,000 | +9.3% | 64,487 | +2.1% | 0.59% | +16.5% |
| UL | Sell | Unilever PLC - ADR | $2,871,000 | -7.2% | 47,773 | -4.3% | 0.57% | -1.0% |
| MMC | Sell | Marsh & McLennan Cos. | $2,822,000 | -3.9% | 28,201 | -4.2% | 0.56% | +2.4% |
| KOF | Buy | Coca-Cola FEMSA S.A.B de C.V - ADR | $2,644,000 | +25.5% | 43,616 | +28.6% | 0.53% | +33.8% |
| TIF | Buy | Tiffany & Co. | $2,422,000 | +43.1% | 26,152 | +44.7% | 0.48% | +52.5% |
| HOG | Sell | Harley - Davidson Inc. | $2,328,000 | +0.1% | 64,723 | -0.3% | 0.46% | +6.7% |
| LIN | Sell | Linde PLC | $2,312,000 | -3.7% | 11,934 | -0.2% | 0.46% | +2.7% |
| CPRT | Sell | Copart Inc. | $2,053,000 | -23.2% | 25,553 | -28.5% | 0.41% | -18.2% |
| JCI | Sell | Johnson Controls International PLC | $2,042,000 | -14.5% | 46,534 | -19.5% | 0.41% | -8.8% |
| BKR | Buy | Baker Hughes A GE Co | $1,725,000 | -5.8% | 74,374 | +0.0% | 0.34% | +0.3% |
| CCU | Buy | Cia Cervecerias Unidas - ADR | $1,343,000 | +158.8% | 60,535 | +229.2% | 0.27% | +175.3% |
| KT | Buy | KT Corp. - ADR | $1,279,000 | -8.0% | 113,100 | +0.6% | 0.25% | -1.9% |
| CPA | Buy | Copa Holdings SA | $993,000 | +2.2% | 10,055 | +0.9% | 0.20% | +9.4% |
| PG | Sell | Procter & Gamble Co. | $489,000 | -17.1% | 3,932 | -26.9% | 0.10% | -11.8% |
| ALC | Buy | Alcon Inc.- ADR | $439,000 | -5.8% | 7,538 | +0.3% | 0.09% | 0.0% |
| VOO | New | Vanguard S&P 500 ETF | $331,000 | – | 1,213 | – | 0.07% | – |
| XOM | Sell | Exxon Mobil Corp. | $228,000 | -21.1% | 3,230 | -14.4% | 0.04% | -16.7% |
| DOW | Exit | Dow Inc. | $0 | – | -10,460 | – | -0.10% | – |
| VIV | Exit | Telefonica Brasil SA - ADR | $0 | – | -94,008 | – | -0.23% | – |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | Microsoft Corp. | $41,139,000 | – | 307,097 | – | 7.67% | – |
| MDT | New | Medtronic PLC | $40,880,000 | – | 419,759 | – | 7.62% | – |
| WBA | New | Walgreens Boots Alliance Inc. | $38,163,000 | – | 698,064 | – | 7.12% | – |
| JNJ | New | Johnson & Johnson | $36,854,000 | – | 264,604 | – | 6.87% | – |
| UTX | New | United Technologies Corp. | $29,454,000 | – | 226,218 | – | 5.49% | – |
| AON | New | AON PLC | $24,373,000 | – | 126,297 | – | 4.55% | – |
| AXP | New | American Express | $23,122,000 | – | 187,315 | – | 4.31% | – |
| MSI | New | Motorola Solutions Inc. | $23,011,000 | – | 138,011 | – | 4.29% | – |
| CSCO | New | Cisco Systems Inc. | $20,262,000 | – | 370,220 | – | 3.78% | – |
| PM | New | Philip Morris International Inc. | $18,078,000 | – | 230,203 | – | 3.37% | – |
| UNP | New | Union Pacific Corp. | $17,142,000 | – | 101,364 | – | 3.20% | – |
| PEP | New | PepsiCo Inc. | $16,994,000 | – | 129,600 | – | 3.17% | – |
| ORCL | New | Oracle Corp. | $14,765,000 | – | 259,179 | – | 2.75% | – |
| VVV | New | Valvoline Inc. | $12,614,000 | – | 645,886 | – | 2.35% | – |
| UNH | New | UnitedHealth Group Inc. | $12,419,000 | – | 50,897 | – | 2.32% | – |
| BAX | New | Baxter International Inc. | $11,948,000 | – | 145,890 | – | 2.23% | – |
| BBT | New | BB&T Corp. | $11,283,000 | – | 229,654 | – | 2.10% | – |
| WFC | New | Wells Fargo Co. | $10,617,000 | – | 224,359 | – | 1.98% | – |
| HSY | New | The Hershey Co. | $9,840,000 | – | 73,419 | – | 1.84% | – |
| PFE | New | Pfizer Inc. | $9,799,000 | – | 226,202 | – | 1.83% | – |
| GNTX | New | Gentex Corp. | $9,313,000 | – | 378,434 | – | 1.74% | – |
| CHRW | New | C.H. Robinson Worldwide Inc. | $7,681,000 | – | 91,062 | – | 1.43% | – |
| NVS | New | Novartis AG - ADR | $7,357,000 | – | 80,567 | – | 1.37% | – |
| GWW | New | W.W. Grainger Inc. | $5,478,000 | – | 20,421 | – | 1.02% | – |
| DD | New | Dupont de Nemours Inc. | $5,212,000 | – | 69,425 | – | 0.97% | – |
| CHKP | New | Check Point Software Technologies Ltd. | $5,020,000 | – | 43,426 | – | 0.94% | – |
| BTI | New | British American Tobacco PLC - ADR | $4,985,000 | – | 142,972 | – | 0.93% | – |
| KO | New | Coca Cola Co. | $4,772,000 | – | 93,720 | – | 0.89% | – |
| SABR | New | Sabre Corp. | $4,041,000 | – | 182,023 | – | 0.75% | – |
| TTE | New | Total SA - ADR | $3,719,000 | – | 66,657 | – | 0.69% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $3,480,000 | – | 16,323 | – | 0.65% | – |
| SWK | New | Stanley Black & Decker Inc. | $3,444,000 | – | 23,818 | – | 0.64% | – |
| UL | New | Unilever PLC - ADR | $3,095,000 | – | 49,944 | – | 0.58% | – |
| NVO | New | Novo Nordisk Spons ADR | $3,083,000 | – | 60,396 | – | 0.58% | – |
| MDLZ | New | Mondelez International Inc. | $2,978,000 | – | 55,256 | – | 0.56% | – |
| MMC | New | Marsh & McLennan Cos. | $2,936,000 | – | 29,432 | – | 0.55% | – |
| DOX | New | Amdocs Ltd. | $2,900,000 | – | 46,714 | – | 0.54% | – |
| SNY | New | Sanofi - ADR | $2,733,000 | – | 63,165 | – | 0.51% | – |
| CPRT | New | Copart Inc. | $2,673,000 | – | 35,758 | – | 0.50% | – |
| CTVA | New | Corteva Inc. | $2,491,000 | – | 84,235 | – | 0.46% | – |
| LIN | New | Linde PLC | $2,400,000 | – | 11,953 | – | 0.45% | – |
| JCI | New | Johnson Controls International PLC | $2,388,000 | – | 57,817 | – | 0.44% | – |
| HOG | New | Harley - Davidson Inc. | $2,326,000 | – | 64,911 | – | 0.43% | – |
| WMT | New | Wal-Mart Stores Inc. | $2,204,000 | – | 19,950 | – | 0.41% | – |
| KOF | New | Coca-Cola FEMSA S.A.B de C.V - ADR | $2,107,000 | – | 33,914 | – | 0.39% | – |
| BKR | New | Baker Hughes A GE Co | $1,832,000 | – | 74,365 | – | 0.34% | – |
| TIF | New | Tiffany & Co. | $1,692,000 | – | 18,073 | – | 0.32% | – |
| BDX | New | Becton Dickinson & Co. | $1,588,000 | – | 6,300 | – | 0.30% | – |
| KT | New | KT Corp. - ADR | $1,390,000 | – | 112,397 | – | 0.26% | – |
| VIV | New | Telefonica Brasil SA - ADR | $1,224,000 | – | 94,008 | – | 0.23% | – |
| ABT | New | Abbott Laboratories | $1,076,000 | – | 12,800 | – | 0.20% | – |
| CPA | New | Copa Holdings SA | $972,000 | – | 9,962 | – | 0.18% | – |
| SSL | New | Sasol Ltd. - ADR | $951,000 | – | 38,265 | – | 0.18% | – |
| ABBV | New | AbbVie Inc. | $887,000 | – | 12,200 | – | 0.16% | – |
| PG | New | Procter & Gamble Co. | $590,000 | – | 5,377 | – | 0.11% | – |
| KHC | New | Kraft Heinz Company | $572,000 | – | 18,418 | – | 0.11% | – |
| CCU | New | Cia Cervecerias Unidas - ADR | $519,000 | – | 18,388 | – | 0.10% | – |
| DOW | New | Dow Inc. | $516,000 | – | 10,460 | – | 0.10% | – |
| ALC | New | Alcon Inc.- ADR | $466,000 | – | 7,518 | – | 0.09% | – |
| XOM | New | Exxon Mobil Corp. | $289,000 | – | 3,775 | – | 0.05% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| XOM | Exit | Exxon Mobil Corp. | $0 | – | -4,095 | – | -0.06% | – |
| PG | Exit | Procter & Gamble Co. | $0 | – | -5,377 | – | -0.08% | – |
| CPA | Exit | Copa Holdings SA | $0 | – | -7,355 | – | -0.10% | – |
| PTR | Exit | Petrochina Co. Ltd. - ADR | $0 | – | -7,432 | – | -0.10% | – |
| SSL | Exit | Sasol Ltd. - ADR | $0 | – | -23,495 | – | -0.16% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -12,800 | – | -0.16% | – |
| CHL | Exit | China Mobile HK Ltd. - ADR | $0 | – | -19,254 | – | -0.16% | – |
| KHC | Exit | Kraft Heinz Company | $0 | – | -18,418 | – | -0.17% | – |
| VIV | Exit | Telefonica Brasil SA - ADR | $0 | – | -108,277 | – | -0.18% | – |
| ABBV | Exit | AbbVie Inc. | $0 | – | -12,200 | – | -0.20% | – |
| CCU | Exit | Cia Cervecerias Unidas - ADR | $0 | – | -49,491 | – | -0.24% | – |
| BDX | Exit | Becton Dickinson & Co. | $0 | – | -6,300 | – | -0.28% | – |
| KT | Exit | KT Corp. - ADR | $0 | – | -124,937 | – | -0.32% | – |
| WMT | Exit | Wal-Mart Stores Inc. | $0 | – | -19,950 | – | -0.32% | – |
| DWDP | Exit | DowDuPont Inc. | $0 | – | -32,844 | – | -0.36% | – |
| KOF | Exit | Coca-Cola FEMSA S.A.B de C.V - ADR | $0 | – | -36,581 | – | -0.38% | – |
| MDLZ | Exit | Mondelez International Inc. | $0 | – | -55,256 | – | -0.40% | – |
| TIF | Exit | Tiffany & Co. | $0 | – | -19,628 | – | -0.43% | – |
| EMR | Exit | Emerson Electric Co. | $0 | – | -36,168 | – | -0.47% | – |
| UL | Exit | Unilever PLC - ADR | $0 | – | -52,461 | – | -0.49% | – |
| HOG | Exit | Harley - Davidson Inc. | $0 | – | -64,235 | – | -0.50% | – |
| NVO | Exit | Novo Nordisk Spons ADR | $0 | – | -62,178 | – | -0.50% | – |
| DOX | Exit | Amdocs Ltd. | $0 | – | -51,685 | – | -0.58% | – |
| BRKB | Exit | Berkshire Hathaway Inc. CL B | $0 | – | -16,323 | – | -0.60% | – |
| SWK | Exit | Stanley Black & Decker Inc. | $0 | – | -25,783 | – | -0.64% | – |
| PX | Exit | Praxair Inc. | $0 | – | -23,683 | – | -0.65% | – |
| TTE | Exit | Total SA - ADR | $0 | – | -64,558 | – | -0.71% | – |
| KO | Exit | Coca Cola Co. | $0 | – | -93,720 | – | -0.74% | – |
| BKR | Exit | Baker Hughes A GE Co | $0 | – | -166,878 | – | -0.96% | – |
| BTI | Exit | British American Tobacco PLC - ADR | $0 | – | -123,463 | – | -0.98% | – |
| CHKP | Exit | Check Point Software Technologies Ltd. | $0 | – | -54,000 | – | -1.08% | – |
| HSY | Exit | The Hershey Co. | $0 | – | -66,662 | – | -1.16% | – |
| HRS | Exit | Harris Corp. | $0 | – | -43,439 | – | -1.26% | – |
| JCI | Exit | Johnson Controls International PLC | $0 | – | -214,795 | – | -1.28% | – |
| NVS | Exit | Novartis AG - ADR | $0 | – | -87,621 | – | -1.29% | – |
| SABR | Exit | Sabre Corp. | $0 | – | -294,929 | – | -1.31% | – |
| GWW | Exit | W.W. Grainger Inc. | $0 | – | -21,994 | – | -1.34% | – |
| CHRW | Exit | C.H. Robinson Worldwide Inc. | $0 | – | -97,674 | – | -1.63% | – |
| GNTX | Exit | Gentex Corp. | $0 | – | -487,123 | – | -1.78% | – |
| BBT | Exit | BB&T Corp. | $0 | – | -233,884 | – | -1.94% | – |
| WFC | Exit | Wells Fargo Co. | $0 | – | -236,407 | – | -2.12% | – |
| PFE | Exit | Pfizer Inc. | $0 | – | -290,350 | – | -2.18% | – |
| BAX | Exit | Baxter International Inc. | $0 | – | -179,239 | – | -2.36% | – |
| ORCL | Exit | Oracle Corp. | $0 | – | -294,005 | – | -2.59% | – |
| VVV | Exit | Valvoline Inc. | $0 | – | -781,795 | – | -2.87% | – |
| PM | Exit | Philip Morris International Inc. | $0 | – | -211,050 | – | -2.94% | – |
| AON | Exit | AON PLC | $0 | – | -126,332 | – | -3.32% | – |
| MSI | Exit | Motorola Solutions Inc. | $0 | – | -154,250 | – | -3.43% | – |
| AXP | Exit | American Express | $0 | – | -193,061 | – | -3.51% | – |
| CSCO | Exit | Cisco Systems Inc. | $0 | – | -428,460 | – | -3.56% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -80,948 | – | -3.68% | – |
| PEP | Exit | PepsiCo Inc. | $0 | – | -193,914 | – | -3.70% | – |
| UNP | Exit | Union Pacific Corp. | $0 | – | -152,896 | – | -4.25% | – |
| UTX | Exit | United Technologies Corp. | $0 | – | -202,291 | – | -4.83% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -307,238 | – | -6.00% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -255,250 | – | -6.02% | – |
| MDT | Exit | Medtronic PLC | $0 | – | -483,933 | – | -8.13% | – |
| WBA | Exit | Walgreens Boots Alliance Inc. | $0 | – | -684,854 | – | -8.52% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WBA | Sell | Walgreens Boots Alliance Inc. | $49,926,000 | +15.3% | 684,854 | -5.0% | 8.52% | +6.7% |
| MDT | Sell | Medtronic PLC | $47,604,000 | +11.6% | 483,933 | -2.9% | 8.13% | +3.3% |
| JNJ | Sell | Johnson & Johnson | $35,268,000 | +12.0% | 255,250 | -1.6% | 6.02% | +3.7% |
| MSFT | Sell | Microsoft Corp. | $35,139,000 | +10.8% | 307,238 | -4.5% | 6.00% | +2.5% |
| UTX | Buy | United Technologies Corp. | $28,282,000 | +16.0% | 202,291 | +3.8% | 4.83% | +7.4% |
| UNP | Sell | Union Pacific Corp. | $24,896,000 | +4.3% | 152,896 | -9.3% | 4.25% | -3.5% |
| PEP | Buy | PepsiCo Inc. | $21,680,000 | +10.2% | 193,914 | +7.3% | 3.70% | +2.0% |
| UNH | Buy | UnitedHealth Group Inc. | $21,535,000 | +17.0% | 80,948 | +7.9% | 3.68% | +8.3% |
| CSCO | Buy | Cisco Systems Inc. | $20,845,000 | +18.9% | 428,460 | +5.2% | 3.56% | +10.0% |
| AXP | Buy | American Express | $20,559,000 | +12.8% | 193,061 | +3.8% | 3.51% | +4.4% |
| MSI | Sell | Motorola Solutions Inc. | $20,074,000 | +5.7% | 154,250 | -5.5% | 3.43% | -2.2% |
| AON | Sell | AON PLC | $19,427,000 | +7.1% | 126,332 | -4.5% | 3.32% | -0.9% |
| PM | Buy | Philip Morris International Inc. | $17,209,000 | +19.6% | 211,050 | +18.5% | 2.94% | +10.7% |
| VVV | Buy | Valvoline Inc. | $16,816,000 | +101.7% | 781,795 | +102.3% | 2.87% | +86.6% |
| ORCL | Sell | Oracle Corp. | $15,159,000 | -5.4% | 294,005 | -19.1% | 2.59% | -12.4% |
| BAX | Sell | Baxter International Inc. | $13,818,000 | +0.2% | 179,239 | -4.1% | 2.36% | -7.3% |
| PFE | Sell | Pfizer Inc. | $12,796,000 | +15.7% | 290,350 | -4.8% | 2.18% | +7.0% |
| WFC | Sell | Wells Fargo Co. | $12,426,000 | -10.3% | 236,407 | -5.4% | 2.12% | -17.0% |
| BBT | Buy | BB&T Corp. | $11,353,000 | +11.2% | 233,884 | +15.6% | 1.94% | +2.9% |
| GNTX | Sell | Gentex Corp. | $10,454,000 | -27.8% | 487,123 | -22.6% | 1.78% | -33.2% |
| CHRW | Buy | C.H. Robinson Worldwide Inc. | $9,564,000 | +17.6% | 97,674 | +0.5% | 1.63% | +8.9% |
| GWW | Sell | W.W. Grainger Inc. | $7,861,000 | +10.3% | 21,994 | -4.9% | 1.34% | +2.1% |
| SABR | Sell | Sabre Corp. | $7,692,000 | -1.2% | 294,929 | -6.6% | 1.31% | -8.6% |
| NVS | Buy | Novartis AG - ADR | $7,549,000 | +14.9% | 87,621 | +0.7% | 1.29% | +6.4% |
| JCI | Sell | Johnson Controls International PLC | $7,518,000 | -7.8% | 214,795 | -11.9% | 1.28% | -14.7% |
| HRS | Buy | Harris Corp. | $7,350,000 | +36.9% | 43,439 | +17.0% | 1.26% | +26.8% |
| HSY | Sell | The Hershey Co. | $6,800,000 | +5.2% | 66,662 | -4.0% | 1.16% | -2.6% |
| CHKP | Sell | Check Point Software Technologies Ltd. | $6,354,000 | +15.9% | 54,000 | -3.8% | 1.08% | +7.3% |
| BTI | Buy | British American Tobacco PLC - ADR | $5,757,000 | -5.7% | 123,463 | +2.1% | 0.98% | -12.7% |
| BKR | Sell | Baker Hughes A GE Co | $5,645,000 | -0.8% | 166,878 | -3.1% | 0.96% | -8.2% |
| TTE | Sell | Total SA - ADR | $4,157,000 | +6.2% | 64,558 | -0.1% | 0.71% | -1.7% |
| PX | Sell | Praxair Inc. | $3,807,000 | -7.6% | 23,683 | -9.1% | 0.65% | -14.5% |
| SWK | Sell | Stanley Black & Decker Inc. | $3,776,000 | +1.3% | 25,783 | -8.2% | 0.64% | -6.2% |
| DOX | Sell | Amdocs Ltd. | $3,410,000 | -5.5% | 51,685 | -5.2% | 0.58% | -12.6% |
| NVO | Buy | Novo Nordisk Spons ADR | $2,931,000 | +3.3% | 62,178 | +1.0% | 0.50% | -4.6% |
| HOG | Sell | Harley - Davidson Inc. | $2,910,000 | +2.0% | 64,235 | -5.3% | 0.50% | -5.5% |
| UL | Sell | Unilever PLC - ADR | $2,884,000 | -22.9% | 52,461 | -22.4% | 0.49% | -28.7% |
| EMR | Sell | Emerson Electric Co. | $2,770,000 | +5.1% | 36,168 | -5.1% | 0.47% | -2.7% |
| TIF | Sell | Tiffany & Co. | $2,531,000 | -11.3% | 19,628 | -9.4% | 0.43% | -17.9% |
| KOF | Buy | Coca-Cola FEMSA S.A.B de C.V - ADR | $2,240,000 | +11.3% | 36,581 | +2.6% | 0.38% | +3.0% |
| DWDP | Sell | DowDuPont Inc. | $2,112,000 | -7.4% | 32,844 | -5.0% | 0.36% | -14.3% |
| KT | Buy | KT Corp. - ADR | $1,855,000 | +14.9% | 124,937 | +2.8% | 0.32% | +6.4% |
| CCU | Buy | Cia Cervecerias Unidas - ADR | $1,381,000 | +15.2% | 49,491 | +2.9% | 0.24% | +6.8% |
| ABBV | Sell | AbbVie Inc. | $1,154,000 | +1.5% | 12,200 | -0.6% | 0.20% | -6.2% |
| VIV | Buy | Telefonica Brasil SA - ADR | $1,054,000 | -15.7% | 108,277 | +2.8% | 0.18% | -22.1% |
| CHL | Buy | China Mobile HK Ltd. - ADR | $942,000 | +13.2% | 19,254 | +2.7% | 0.16% | +5.2% |
| ABT | Sell | Abbott Laboratories | $939,000 | +19.9% | 12,800 | -0.3% | 0.16% | +11.1% |
| SSL | Sell | Sasol Ltd. - ADR | $908,000 | -11.2% | 23,495 | -16.0% | 0.16% | -18.0% |
| PTR | Buy | Petrochina Co. Ltd. - ADR | $605,000 | +9.6% | 7,432 | +2.8% | 0.10% | +1.0% |
| CPA | Buy | Copa Holdings SA | $587,000 | +17.2% | 7,355 | +38.9% | 0.10% | +8.7% |
| XOM | Sell | Exxon Mobil Corp. | $348,000 | -31.5% | 4,095 | -33.4% | 0.06% | -37.2% |
| IBM | Exit | IBM | $0 | – | -1,658 | – | -0.04% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -2,266 | – | -0.04% | – |
| MMM | Exit | 3M Co. | $0 | – | -2,064 | – | -0.08% | – |
| MRK | Exit | Merck & Co. Inc. | $0 | – | -36,454 | – | -0.41% | – |
| FOXA | Exit | Twenty-First Century Fox Inc. | $0 | – | -68,932 | – | -0.63% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WBA | New | Walgreens Boots Alliance Inc. | $43,287,000 | – | 721,275 | – | 7.98% | – |
| MDT | New | Medtronic PLC | $42,648,000 | – | 498,170 | – | 7.87% | – |
| MSFT | New | Microsoft Corp. | $31,721,000 | – | 321,682 | – | 5.85% | – |
| JNJ | New | Johnson & Johnson | $31,484,000 | – | 259,466 | – | 5.81% | – |
| UTX | New | United Technologies Corp. | $24,377,000 | – | 194,969 | – | 4.50% | – |
| UNP | New | Union Pacific Corp. | $23,881,000 | – | 168,556 | – | 4.40% | – |
| PEP | New | PepsiCo Inc. | $19,680,000 | – | 180,767 | – | 3.63% | – |
| MSI | New | Motorola Solutions Inc. | $18,991,000 | – | 163,193 | – | 3.50% | – |
| UNH | New | UnitedHealth Group Inc. | $18,406,000 | – | 75,022 | – | 3.40% | – |
| AXP | New | American Express | $18,219,000 | – | 185,906 | – | 3.36% | – |
| AON | New | AON PLC | $18,138,000 | – | 132,231 | – | 3.35% | – |
| CSCO | New | Cisco Systems Inc. | $17,531,000 | – | 407,424 | – | 3.23% | – |
| ORCL | New | Oracle Corp. | $16,017,000 | – | 363,530 | – | 2.96% | – |
| GNTX | New | Gentex Corp. | $14,482,000 | – | 629,084 | – | 2.67% | – |
| PM | New | Philip Morris International Inc. | $14,384,000 | – | 178,150 | – | 2.65% | – |
| WFC | New | Wells Fargo Co. | $13,857,000 | – | 249,938 | – | 2.56% | – |
| BAX | New | Baxter International Inc. | $13,796,000 | – | 186,837 | – | 2.54% | – |
| PFE | New | Pfizer Inc. | $11,063,000 | – | 304,927 | – | 2.04% | – |
| BBT | New | BB&T Corp. | $10,208,000 | – | 202,384 | – | 1.88% | – |
| VVV | New | Valvoline Inc. | $8,337,000 | – | 386,500 | – | 1.54% | – |
| JCI | New | Johnson Controls International PLC | $8,154,000 | – | 243,780 | – | 1.50% | – |
| CHRW | New | C.H. Robinson Worldwide Inc. | $8,130,000 | – | 97,180 | – | 1.50% | – |
| SABR | New | Sabre Corp. | $7,783,000 | – | 315,872 | – | 1.44% | – |
| GWW | New | W.W. Grainger Inc. | $7,130,000 | – | 23,118 | – | 1.32% | – |
| NVS | New | Novartis AG - ADR | $6,570,000 | – | 86,976 | – | 1.21% | – |
| HSY | New | The Hershey Co. | $6,462,000 | – | 69,442 | – | 1.19% | – |
| BTI | New | British American Tobacco PLC - ADR | $6,103,000 | – | 120,975 | – | 1.13% | – |
| BKR | New | Baker Hughes A GE Co | $5,690,000 | – | 172,269 | – | 1.05% | – |
| CHKP | New | Check Point Software Technologies Ltd. | $5,483,000 | – | 56,132 | – | 1.01% | – |
| HRS | New | Harris Corp. | $5,368,000 | – | 37,139 | – | 0.99% | – |
| PX | New | Praxair Inc. | $4,119,000 | – | 26,044 | – | 0.76% | – |
| KO | New | Coca Cola Co. | $4,111,000 | – | 93,720 | – | 0.76% | – |
| TTE | New | Total SA - ADR | $3,913,000 | – | 64,612 | – | 0.72% | – |
| UL | New | Unilever PLC - ADR | $3,739,000 | – | 67,640 | – | 0.69% | – |
| SWK | New | Stanley Black & Decker Inc. | $3,729,000 | – | 28,081 | – | 0.69% | – |
| DOX | New | Amdocs Ltd. | $3,608,000 | – | 54,517 | – | 0.67% | – |
| FOXA | New | Twenty-First Century Fox Inc. | $3,425,000 | – | 68,932 | – | 0.63% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $3,047,000 | – | 16,323 | – | 0.56% | – |
| TIF | New | Tiffany & Co. | $2,852,000 | – | 21,675 | – | 0.53% | – |
| HOG | New | Harley - Davidson Inc. | $2,853,000 | – | 67,807 | – | 0.53% | – |
| NVO | New | Novo Nordisk Spons ADR | $2,838,000 | – | 61,544 | – | 0.52% | – |
| EMR | New | Emerson Electric Co. | $2,636,000 | – | 38,127 | – | 0.49% | – |
| DWDP | New | DowDuPont Inc. | $2,280,000 | – | 34,589 | – | 0.42% | – |
| MDLZ | New | Mondelez International Inc. | $2,265,000 | – | 55,256 | – | 0.42% | – |
| MRK | New | Merck & Co. Inc. | $2,213,000 | – | 36,454 | – | 0.41% | – |
| KOF | New | Coca-Cola FEMSA S.A.B de C.V - ADR | $2,012,000 | – | 35,653 | – | 0.37% | – |
| WMT | New | Wal-Mart Stores Inc. | $1,709,000 | – | 19,950 | – | 0.32% | – |
| KT | New | KT Corp. - ADR | $1,614,000 | – | 121,537 | – | 0.30% | – |
| BDX | New | Becton Dickinson & Co. | $1,509,000 | – | 6,300 | – | 0.28% | – |
| VIV | New | Telefonica Brasil SA - ADR | $1,250,000 | – | 105,277 | – | 0.23% | – |
| CCU | New | Cia Cervecerias Unidas - ADR | $1,199,000 | – | 48,091 | – | 0.22% | – |
| KHC | New | Kraft Heinz Company | $1,157,000 | – | 18,418 | – | 0.21% | – |
| ABBV | New | AbbVie Inc. | $1,137,000 | – | 12,275 | – | 0.21% | – |
| SSL | New | Sasol Ltd. - ADR | $1,022,000 | – | 27,975 | – | 0.19% | – |
| CHL | New | China Mobile HK Ltd. - ADR | $832,000 | – | 18,754 | – | 0.15% | – |
| ABT | New | Abbott Laboratories | $783,000 | – | 12,843 | – | 0.14% | – |
| PTR | New | Petrochina Co. Ltd. - ADR | $552,000 | – | 7,232 | – | 0.10% | – |
| XOM | New | Exxon Mobil Corp. | $508,000 | – | 6,145 | – | 0.09% | – |
| CPA | New | Copa Holdings SA | $501,000 | – | 5,295 | – | 0.09% | – |
| PG | New | Procter & Gamble Co. | $420,000 | – | 5,377 | – | 0.08% | – |
| MMM | New | 3M Co. | $406,000 | – | 2,064 | – | 0.08% | – |
| JPM | New | JPMorgan Chase & Co. | $236,000 | – | 2,266 | – | 0.04% | – |
| IBM | New | IBM | $232,000 | – | 1,658 | – | 0.04% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -2,266 | – | -0.04% | – |
| IBM | Exit | IBM | $0 | – | -1,658 | – | -0.04% | – |
| PTR | Exit | Petrochina Co. Ltd. - ADR | $0 | – | -7,082 | – | -0.08% | – |
| CHL | Exit | China Mobile HK Ltd. - ADR | $0 | – | -9,283 | – | -0.08% | – |
| PG | Exit | Procter & Gamble Co. | $0 | – | -5,377 | – | -0.08% | – |
| XOM | Exit | Exxon Mobil Corp. | $0 | – | -6,145 | – | -0.09% | – |
| MMM | Exit | 3M Co. | $0 | – | -2,664 | – | -0.10% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -12,843 | – | -0.12% | – |
| SSL | Exit | Sasol Ltd. - ADR | $0 | – | -24,869 | – | -0.12% | – |
| ABBV | Exit | AbbVie Inc. | $0 | – | -12,275 | – | -0.19% | – |
| SNY | Exit | Sanofi - ADR | $0 | – | -23,850 | – | -0.21% | – |
| BDX | Exit | Becton Dickinson & Co. | $0 | – | -6,300 | – | -0.21% | – |
| VIV | Exit | Telefonica Brasil SA - ADR | $0 | – | -85,682 | – | -0.24% | – |
| KT | Exit | KT Corp. - ADR | $0 | – | -98,763 | – | -0.24% | – |
| CPA | Exit | Copa Holdings SA | $0 | – | -11,360 | – | -0.25% | – |
| KHC | Exit | Kraft Heinz Company | $0 | – | -18,418 | – | -0.25% | – |
| WMT | Exit | Wal-Mart Stores Inc. | $0 | – | -19,950 | – | -0.27% | – |
| CCU | Exit | Cia Cervecerias Unidas - ADR | $0 | – | -74,311 | – | -0.35% | – |
| MDLZ | Exit | Mondelez International Inc. | $0 | – | -55,256 | – | -0.39% | – |
| OUT | Exit | Outfront Media Inc. | $0 | – | -111,899 | – | -0.49% | – |
| BRKB | Exit | Berkshire Hathaway Inc. CL B | $0 | – | -16,323 | – | -0.52% | – |
| HOG | Exit | Harley - Davidson Inc. | $0 | – | -67,119 | – | -0.56% | – |
| TTE | Exit | Total SA - ADR | $0 | – | -65,590 | – | -0.61% | – |
| EMR | Exit | Emerson Electric Co. | $0 | – | -58,338 | – | -0.64% | – |
| UL | Exit | Unilever PLC - ADR | $0 | – | -64,100 | – | -0.64% | – |
| RDSA | Exit | Royal Dutch Shell PLC ADR A | $0 | – | -62,235 | – | -0.65% | – |
| DOX | Exit | Amdocs Ltd. | $0 | – | -62,362 | – | -0.70% | – |
| AN | Exit | AutoNation Inc. | $0 | – | -84,628 | – | -0.70% | – |
| PX | Exit | Praxair Inc. | $0 | – | -28,887 | – | -0.70% | – |
| KO | Exit | Coca Cola Co. | $0 | – | -93,720 | – | -0.73% | – |
| SWK | Exit | Stanley Black & Decker Inc. | $0 | – | -29,889 | – | -0.78% | – |
| HSY | Exit | The Hershey Co. | $0 | – | -45,072 | – | -0.85% | – |
| SABR | Exit | Sabre Corp. | $0 | – | -274,915 | – | -0.86% | – |
| MRK | Exit | Merck & Co. Inc. | $0 | – | -78,431 | – | -0.87% | – |
| BTI | Exit | British American Tobacco PLC - ADR | $0 | – | -81,945 | – | -0.89% | – |
| BKR | Exit | Baker Hughes A GE Co | $0 | – | -140,613 | – | -0.89% | – |
| TIF | Exit | Tiffany & Co. | $0 | – | -58,276 | – | -0.93% | – |
| APA | Exit | Apache Corp. | $0 | – | -119,239 | – | -0.95% | – |
| HRS | Exit | Harris Corp. | $0 | – | -43,231 | – | -0.99% | – |
| CHRW | Exit | C.H. Robinson Worldwide Inc. | $0 | – | -86,211 | – | -1.14% | – |
| NVO | Exit | Novo Nordisk Spons ADR | $0 | – | -171,472 | – | -1.43% | – |
| GWW | Exit | W.W. Grainger Inc. | $0 | – | -50,864 | – | -1.59% | – |
| JCI | Exit | Johnson Controls International PLC | $0 | – | -245,724 | – | -1.72% | – |
| PFE | Exit | Pfizer Inc. | $0 | – | -311,002 | – | -1.93% | – |
| FOXA | Exit | Twenty-First Century Fox Inc. | $0 | – | -429,246 | – | -1.97% | – |
| CHKP | Exit | Check Point Software Technologies Ltd. | $0 | – | -100,540 | – | -1.99% | – |
| GNTX | Exit | Gentex Corp. | $0 | – | -605,501 | – | -2.08% | – |
| BAX | Exit | Baxter International Inc. | $0 | – | -198,804 | – | -2.16% | – |
| CSCO | Exit | Cisco Systems Inc. | $0 | – | -414,730 | – | -2.42% | – |
| NVS | Exit | Novartis AG - ADR | $0 | – | -167,723 | – | -2.50% | – |
| PEP | Exit | PepsiCo Inc. | $0 | – | -140,697 | – | -2.72% | – |
| MSI | Exit | Motorola Solutions Inc. | $0 | – | -192,974 | – | -2.84% | – |
| UNP | Exit | Union Pacific Corp. | $0 | – | -162,787 | – | -3.28% | – |
| UTX | Exit | United Technologies Corp. | $0 | – | -168,388 | – | -3.39% | – |
| AXP | Exit | American Express | $0 | – | -229,473 | – | -3.60% | – |
| WFC | Exit | Wells Fargo Co. | $0 | – | -396,178 | – | -3.79% | – |
| ORCL | Exit | Oracle Corp. | $0 | – | -537,166 | – | -4.51% | – |
| WBA | Exit | Walgreens Boots Alliance Inc. | $0 | – | -358,794 | – | -4.81% | – |
| AON | Exit | AON PLC | $0 | – | -190,602 | – | -4.83% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -146,712 | – | -4.99% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -397,213 | – | -5.14% | – |
| MDT | Exit | Medtronic PLC | $0 | – | -563,720 | – | -7.61% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -410,775 | – | -9.27% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| JNJ | Buy | Johnson & Johnson | $53,405,000 | +98.2% | 410,775 | +101.7% | 9.27% | +59.6% |
| MDT | Buy | Medtronic PLC | $43,841,000 | +22.6% | 563,720 | +39.9% | 7.61% | -1.2% |
| MSFT | Buy | Microsoft Corp. | $29,588,000 | +37.6% | 397,213 | +27.3% | 5.14% | +10.8% |
| UNH | Buy | UnitedHealth Group Inc. | $28,734,000 | +579.0% | 146,712 | +542.7% | 4.99% | +446.8% |
| AON | Buy | AON PLC | $27,847,000 | +39.4% | 190,602 | +26.9% | 4.83% | +12.3% |
| WBA | Buy | Walgreens Boots Alliance Inc. | $27,706,000 | +9.9% | 358,794 | +11.5% | 4.81% | -11.5% |
| ORCL | Buy | Oracle Corp. | $25,972,000 | +18.4% | 537,166 | +22.8% | 4.51% | -4.7% |
| WFC | Buy | Wells Fargo Co. | $21,849,000 | +9.3% | 396,178 | +9.8% | 3.79% | -12.0% |
| AXP | Buy | American Express | $20,758,000 | +49.1% | 229,473 | +38.8% | 3.60% | +20.1% |
| UTX | Buy | United Technologies Corp. | $19,546,000 | +29.2% | 168,388 | +35.9% | 3.39% | +4.0% |
| UNP | Buy | Union Pacific Corp. | $18,878,000 | +38.1% | 162,787 | +29.7% | 3.28% | +11.2% |
| MSI | Buy | Motorola Solutions Inc. | $16,378,000 | +17.9% | 192,974 | +20.5% | 2.84% | -5.1% |
| PEP | Sell | PepsiCo Inc. | $15,678,000 | -3.7% | 140,697 | -0.2% | 2.72% | -22.5% |
| NVS | Buy | Novartis AG - ADR | $14,399,000 | +98.2% | 167,723 | +92.7% | 2.50% | +59.6% |
| CSCO | Buy | Cisco Systems Inc. | $13,947,000 | +38.9% | 414,730 | +29.3% | 2.42% | +11.9% |
| BAX | Buy | Baxter International Inc. | $12,475,000 | +27.5% | 198,804 | +23.0% | 2.16% | +2.7% |
| GNTX | Buy | Gentex Corp. | $11,989,000 | +68.8% | 605,501 | +61.7% | 2.08% | +35.9% |
| CHKP | Buy | Check Point Software Technologies Ltd. | $11,464,000 | +58.4% | 100,540 | +51.5% | 1.99% | +27.6% |
| FOXA | Buy | Twenty-First Century Fox Inc. | $11,324,000 | +32.0% | 429,246 | +41.8% | 1.97% | +6.3% |
| PFE | Sell | Pfizer Inc. | $11,103,000 | -16.8% | 311,002 | -21.7% | 1.93% | -33.0% |
| JCI | Sell | Johnson Controls International PLC | $9,900,000 | -25.3% | 245,724 | -19.6% | 1.72% | -39.8% |
| GWW | Buy | W.W. Grainger Inc. | $9,143,000 | +37.6% | 50,864 | +38.2% | 1.59% | +10.8% |
| NVO | Buy | Novo Nordisk Spons ADR | $8,256,000 | +68.1% | 171,472 | +49.7% | 1.43% | +35.3% |
| CHRW | Buy | C.H. Robinson Worldwide Inc. | $6,561,000 | +13.4% | 86,211 | +2.3% | 1.14% | -8.7% |
| HRS | Buy | Harris Corp. | $5,693,000 | +73.6% | 43,231 | +43.8% | 0.99% | +39.7% |
| APA | Sell | Apache Corp. | $5,461,000 | -17.5% | 119,239 | -13.6% | 0.95% | -33.5% |
| TIF | Sell | Tiffany & Co. | $5,349,000 | -26.3% | 58,276 | -24.6% | 0.93% | -40.6% |
| BKR | New | Baker Hughes A GE Co | $5,149,000 | – | 140,613 | – | 0.89% | – |
| BTI | Sell | British American Tobacco PLC - ADR | $5,117,000 | -20.4% | 81,945 | -12.7% | 0.89% | -35.9% |
| MRK | Sell | Merck & Co. Inc. | $5,022,000 | -1.2% | 78,431 | -1.1% | 0.87% | -20.4% |
| SABR | Buy | Sabre Corp. | $4,976,000 | -12.5% | 274,915 | +5.2% | 0.86% | -29.5% |
| HSY | Sell | The Hershey Co. | $4,921,000 | +1.4% | 45,072 | -0.3% | 0.85% | -18.4% |
| SWK | Buy | Stanley Black & Decker Inc. | $4,512,000 | +8.4% | 29,889 | +1.1% | 0.78% | -12.7% |
| PX | Buy | Praxair Inc. | $4,037,000 | +6.6% | 28,887 | +1.1% | 0.70% | -14.1% |
| AN | Buy | AutoNation Inc. | $4,016,000 | +51.0% | 84,628 | +34.2% | 0.70% | +21.6% |
| DOX | Buy | Amdocs Ltd. | $4,011,000 | +1.4% | 62,362 | +1.6% | 0.70% | -18.4% |
| RDSA | Buy | Royal Dutch Shell PLC ADR A | $3,770,000 | +15.6% | 62,235 | +1.5% | 0.65% | -7.0% |
| UL | Buy | Unilever PLC - ADR | $3,715,000 | +8.6% | 64,100 | +1.4% | 0.64% | -12.5% |
| EMR | Sell | Emerson Electric Co. | $3,666,000 | +5.4% | 58,338 | -0.0% | 0.64% | -15.2% |
| TTE | Sell | Total SA - ADR | $3,510,000 | +2.2% | 65,590 | -5.3% | 0.61% | -17.7% |
| HOG | Buy | Harley - Davidson Inc. | $3,236,000 | -10.7% | 67,119 | +0.0% | 0.56% | -28.0% |
| OUT | Sell | Outfront Media Inc. | $2,818,000 | -28.3% | 111,899 | -34.1% | 0.49% | -42.3% |
| CCU | Sell | Cia Cervecerias Unidas - ADR | $2,001,000 | -2.4% | 74,311 | -4.9% | 0.35% | -21.5% |
| CPA | Sell | Copa Holdings SA | $1,415,000 | +0.4% | 11,360 | -5.7% | 0.25% | -19.1% |
| KT | Sell | KT Corp. - ADR | $1,370,000 | -22.9% | 98,763 | -7.6% | 0.24% | -37.9% |
| VIV | Sell | Telefonica Brasil SA - ADR | $1,357,000 | +10.0% | 85,682 | -6.3% | 0.24% | -11.3% |
| SSL | Sell | Sasol Ltd. - ADR | $685,000 | -9.7% | 24,869 | -8.5% | 0.12% | -27.4% |
| MMM | Sell | 3M Co. | $559,000 | -17.4% | 2,664 | -18.1% | 0.10% | -33.6% |
| XOM | Sell | Exxon Mobil Corp. | $504,000 | -17.1% | 6,145 | -18.5% | 0.09% | -33.6% |
| PG | Sell | Procter & Gamble Co. | $489,000 | -18.4% | 5,377 | -21.8% | 0.08% | -34.1% |
| CHL | Sell | China Mobile HK Ltd. - ADR | $469,000 | -11.5% | 9,283 | -7.0% | 0.08% | -28.9% |
| PTR | Sell | Petrochina Co. Ltd. - ADR | $454,000 | +0.4% | 7,082 | -4.1% | 0.08% | -18.6% |
| IBM | New | IBM | $241,000 | – | 1,658 | – | 0.04% | – |
| JPM | New | JPMorgan Chase & Co. | $216,000 | – | 2,266 | – | 0.04% | – |
| VZ | Exit | Verizon Communications Inc. | $0 | – | -37,269 | – | -0.36% | – |
| BHI | Exit | Baker Hughes Inc. | $0 | – | -48,385 | – | -0.57% | – |
| BG | Exit | Bunge Ltd. | $0 | – | -50,806 | – | -0.82% | – |
| COL | Exit | Rockwell Collins Inc. | $0 | – | -115,616 | – | -2.62% | – |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MDT | New | Medtronic PLC | $35,752,000 | – | 402,836 | – | 7.71% | – |
| JNJ | New | Johnson & Johnson | $26,946,000 | – | 203,687 | – | 5.81% | – |
| WBA | New | Walgreens Boots Alliance Inc. | $25,199,000 | – | 321,788 | – | 5.43% | – |
| ORCL | New | Oracle Corp. | $21,940,000 | – | 437,578 | – | 4.73% | – |
| MSFT | New | Microsoft Corp. | $21,509,000 | – | 312,037 | – | 4.64% | – |
| WFC | New | Wells Fargo Co. | $19,988,000 | – | 360,725 | – | 4.31% | – |
| AON | New | AON PLC | $19,974,000 | – | 150,238 | – | 4.30% | – |
| PEP | New | PepsiCo Inc. | $16,285,000 | – | 141,006 | – | 3.51% | – |
| UTX | New | United Technologies Corp. | $15,128,000 | – | 123,886 | – | 3.26% | – |
| AXP | New | American Express | $13,923,000 | – | 165,274 | – | 3.00% | – |
| MSI | New | Motorola Solutions Inc. | $13,896,000 | – | 160,204 | – | 3.00% | – |
| UNP | New | Union Pacific Corp. | $13,667,000 | – | 125,490 | – | 2.95% | – |
| PFE | New | Pfizer Inc. | $13,345,000 | – | 397,294 | – | 2.88% | – |
| JCI | New | Johnson Controls International PLC | $13,252,000 | – | 305,632 | – | 2.86% | – |
| COL | New | Rockwell Collins Inc. | $12,149,000 | – | 115,616 | – | 2.62% | – |
| CSCO | New | Cisco Systems Inc. | $10,040,000 | – | 320,770 | – | 2.16% | – |
| BAX | New | Baxter International Inc. | $9,787,000 | – | 161,667 | – | 2.11% | – |
| FOXA | New | Twenty-First Century Fox Inc. | $8,579,000 | – | 302,713 | – | 1.85% | – |
| NVS | New | Novartis AG - ADR | $7,264,000 | – | 87,030 | – | 1.57% | – |
| TIF | New | Tiffany & Co. | $7,253,000 | – | 77,268 | – | 1.56% | – |
| CHKP | New | Check Point Software Technologies Ltd. | $7,238,000 | – | 66,353 | – | 1.56% | – |
| GNTX | New | Gentex Corp. | $7,103,000 | – | 374,456 | – | 1.53% | – |
| GWW | New | W.W. Grainger Inc. | $6,645,000 | – | 36,810 | – | 1.43% | – |
| APA | New | Apache Corp. | $6,616,000 | – | 138,045 | – | 1.43% | – |
| BTI | New | British American Tobacco PLC - ADR | $6,431,000 | – | 93,828 | – | 1.39% | – |
| CHRW | New | C.H. Robinson Worldwide Inc. | $5,786,000 | – | 84,239 | – | 1.25% | – |
| SABR | New | Sabre Corp. | $5,687,000 | – | 261,238 | – | 1.23% | – |
| MRK | New | Merck & Co. Inc. | $5,082,000 | – | 79,299 | – | 1.10% | – |
| NVO | New | Novo Nordisk Spons ADR | $4,912,000 | – | 114,531 | – | 1.06% | – |
| HSY | New | The Hershey Co. | $4,854,000 | – | 45,205 | – | 1.05% | – |
| UNH | New | UnitedHealth Group Inc. | $4,232,000 | – | 22,826 | – | 0.91% | – |
| KO | New | Coca Cola Co. | $4,203,000 | – | 93,720 | – | 0.91% | – |
| SWK | New | Stanley Black & Decker Inc. | $4,162,000 | – | 29,571 | – | 0.90% | – |
| DOX | New | Amdocs Ltd. | $3,956,000 | – | 61,369 | – | 0.85% | – |
| OUT | New | Outfront Media Inc. | $3,928,000 | – | 169,900 | – | 0.85% | – |
| BG | New | Bunge Ltd. | $3,790,000 | – | 50,806 | – | 0.82% | – |
| PX | New | Praxair Inc. | $3,788,000 | – | 28,579 | – | 0.82% | – |
| HOG | New | Harley - Davidson Inc. | $3,625,000 | – | 67,097 | – | 0.78% | – |
| EMR | New | Emerson Electric Co. | $3,479,000 | – | 58,360 | – | 0.75% | – |
| TTE | New | Total SA - ADR | $3,435,000 | – | 69,265 | – | 0.74% | – |
| UL | New | Unilever PLC - ADR | $3,421,000 | – | 63,206 | – | 0.74% | – |
| HRS | New | Harris Corp. | $3,279,000 | – | 30,062 | – | 0.71% | – |
| RDSA | New | Royal Dutch Shell PLC ADR A | $3,261,000 | – | 61,313 | – | 0.70% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $2,765,000 | – | 16,323 | – | 0.60% | – |
| AN | New | AutoNation Inc. | $2,659,000 | – | 63,078 | – | 0.57% | – |
| BHI | New | Baker Hughes Inc. | $2,637,000 | – | 48,385 | – | 0.57% | – |
| MDLZ | New | Mondelez International Inc. | $2,387,000 | – | 55,256 | – | 0.51% | – |
| CCU | New | Cia Cervecerias Unidas - ADR | $2,050,000 | – | 78,111 | – | 0.44% | – |
| KT | New | KT Corp. - ADR | $1,778,000 | – | 106,843 | – | 0.38% | – |
| VZ | New | Verizon Communications Inc. | $1,664,000 | – | 37,269 | – | 0.36% | – |
| KHC | New | Kraft Heinz Company | $1,577,000 | – | 18,418 | – | 0.34% | – |
| WMT | New | Wal-Mart Stores Inc. | $1,510,000 | – | 19,950 | – | 0.32% | – |
| CPA | New | Copa Holdings SA | $1,410,000 | – | 12,050 | – | 0.30% | – |
| VIV | New | Telefonica Brasil SA - ADR | $1,234,000 | – | 91,482 | – | 0.27% | – |
| BDX | New | Becton Dickinson & Co. | $1,229,000 | – | 6,300 | – | 0.26% | – |
| SNY | New | Sanofi - ADR | $1,143,000 | – | 23,850 | – | 0.25% | – |
| ABBV | New | AbbVie Inc. | $890,000 | – | 12,275 | – | 0.19% | – |
| SSL | New | Sasol Ltd. - ADR | $759,000 | – | 27,169 | – | 0.16% | – |
| MMM | New | 3M Co. | $677,000 | – | 3,254 | – | 0.15% | – |
| ABT | New | Abbott Laboratories | $624,000 | – | 12,843 | – | 0.13% | – |
| XOM | New | Exxon Mobil Corp. | $608,000 | – | 7,537 | – | 0.13% | – |
| PG | New | Procter & Gamble Co. | $599,000 | – | 6,877 | – | 0.13% | – |
| CHL | New | China Mobile HK Ltd. - ADR | $530,000 | – | 9,983 | – | 0.11% | – |
| PTR | New | Petrochina Co. Ltd. - ADR | $452,000 | – | 7,382 | – | 0.10% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -3,133 | – | -0.04% | – |
| USB | Exit | U.S. Bancorp. | $0 | – | -8,123 | – | -0.07% | – |
| IBM | Exit | IBM | $0 | – | -2,430 | – | -0.08% | – |
| CVX | Exit | Chevron Corp. | $0 | – | -4,733 | – | -0.09% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -13,460 | – | -0.11% | – |
| CHL | Exit | China Mobile HK Ltd. - ADR | $0 | – | -10,113 | – | -0.12% | – |
| NVS | Exit | Novartis AG - ADR | $0 | – | -8,100 | – | -0.12% | – |
| CAG | Exit | Conagra Foods Inc. | $0 | – | -14,779 | – | -0.13% | – |
| SSL | Exit | Sasol Ltd. - ADR | $0 | – | -27,869 | – | -0.15% | – |
| ABBV | Exit | AbbVie Inc. | $0 | – | -12,200 | – | -0.15% | – |
| MMM | Exit | 3M Co. | $0 | – | -4,494 | – | -0.15% | – |
| PG | Exit | Procter & Gamble Co. | $0 | – | -9,155 | – | -0.16% | – |
| XOM | Exit | Exxon Mobil Corp. | $0 | – | -9,557 | – | -0.16% | – |
| BDX | Exit | Becton Dickinson & Co. | $0 | – | -6,300 | – | -0.22% | – |
| VIV | Exit | Telefonica Brasil SA - ADR | $0 | – | -92,832 | – | -0.26% | – |
| WMT | Exit | Wal-Mart Stores Inc. | $0 | – | -19,950 | – | -0.28% | – |
| CPA | Exit | Copa Holdings SA | $0 | – | -17,140 | – | -0.29% | – |
| KHC | Exit | Kraft Heinz Company | $0 | – | -18,418 | – | -0.32% | – |
| BRKB | Exit | Berkshire Hathaway Inc. CL B | $0 | – | -16,323 | – | -0.46% | – |
| HSY | Exit | The Hershey Co. | $0 | – | -24,700 | – | -0.46% | – |
| MDLZ | Exit | Mondelez International Inc. | $0 | – | -55,256 | – | -0.47% | – |
| PPL | Exit | PPL Corp. | $0 | – | -70,949 | – | -0.47% | – |
| PX | Exit | Praxair Inc. | $0 | – | -21,090 | – | -0.49% | – |
| SYT | Exit | Syngenta AG - ADR | $0 | – | -30,778 | – | -0.52% | – |
| IBN | Exit | ICICI Bank Ltd. - ADR | $0 | – | -365,861 | – | -0.53% | – |
| SMFG | Exit | Sumitomo MITSUI-SPONS ADR | $0 | – | -473,088 | – | -0.62% | – |
| MOS | Exit | The Mosaic Co. | $0 | – | -132,711 | – | -0.63% | – |
| AON | Exit | AON PLC | $0 | – | -29,785 | – | -0.65% | – |
| RDSA | Exit | Royal Dutch Shell PLC ADR A | $0 | – | -67,463 | – | -0.65% | – |
| MTB | Exit | M&T Bank Corp. | $0 | – | -29,161 | – | -0.65% | – |
| HOG | Exit | Harley - Davidson Inc. | $0 | – | -69,293 | – | -0.70% | – |
| CHRW | Exit | C.H. Robinson Worldwide Inc. | $0 | – | -52,514 | – | -0.71% | – |
| AN | Exit | AutoNation Inc. | $0 | – | -76,000 | – | -0.72% | – |
| KT | Exit | KT Corp. - ADR | $0 | – | -231,982 | – | -0.72% | – |
| GNTX | Exit | Gentex Corp. | $0 | – | -213,000 | – | -0.72% | – |
| ICL | Exit | Israel Chemicals Ltd. | $0 | – | -971,757 | – | -0.73% | – |
| PEP | Exit | PepsiCo Inc. | $0 | – | -35,650 | – | -0.75% | – |
| OUT | Exit | Outfront Media Inc. | $0 | – | -165,287 | – | -0.76% | – |
| KO | Exit | Coca Cola Co. | $0 | – | -93,720 | – | -0.77% | – |
| SWK | Exit | Stanley Black & Decker Inc. | $0 | – | -33,666 | – | -0.80% | – |
| PTR | Exit | Petrochina Co. Ltd. - ADR | $0 | – | -65,494 | – | -0.84% | – |
| SNY | Exit | Sanofi - ADR | $0 | – | -118,740 | – | -0.88% | – |
| HRS | Exit | Harris Corp. | $0 | – | -51,300 | – | -0.91% | – |
| BHI | Exit | Baker Hughes Inc. | $0 | – | -99,995 | – | -0.97% | – |
| CCU | Exit | Cia Cervecerias Unidas - ADR | $0 | – | -275,208 | – | -1.07% | – |
| COL | Exit | Rockwell Collins Inc. | $0 | – | -73,880 | – | -1.20% | – |
| MAT | Exit | Mattel Inc. | $0 | – | -205,767 | – | -1.20% | – |
| DOX | Exit | Amdocs Ltd. | $0 | – | -120,482 | – | -1.34% | – |
| MRK | Exit | Merck & Co. Inc. | $0 | – | -115,737 | – | -1.39% | – |
| FOXA | Exit | Twenty-First Century Fox Inc. | $0 | – | -300,166 | – | -1.40% | – |
| EMR | Exit | Emerson Electric Co. | $0 | – | -134,397 | – | -1.41% | – |
| CAH | Exit | Cardinal Health Inc. | $0 | – | -96,268 | – | -1.44% | – |
| TUP | Exit | Tupperware Brands Corp. | $0 | – | -122,044 | – | -1.54% | – |
| MSI | Exit | Motorola Solutions Inc. | $0 | – | -110,007 | – | -1.62% | – |
| BG | Exit | Bunge Ltd. | $0 | – | -143,246 | – | -1.64% | – |
| TIF | Exit | Tiffany & Co. | $0 | – | -135,759 | – | -1.90% | – |
| APA | Exit | Apache Corp. | $0 | – | -163,220 | – | -2.01% | – |
| CHKP | Exit | Check Point Software Technologies Ltd. | $0 | – | -143,419 | – | -2.15% | – |
| GWW | Exit | W.W. Grainger Inc. | $0 | – | -49,703 | – | -2.16% | – |
| CSCO | Exit | Cisco Systems Inc. | $0 | – | -357,742 | – | -2.19% | – |
| AXP | Exit | American Express | $0 | – | -194,875 | – | -2.41% | – |
| UTX | Exit | United Technologies Corp. | $0 | – | -128,444 | – | -2.52% | – |
| BAX | Exit | Baxter International Inc. | $0 | – | -324,723 | – | -2.98% | – |
| UNP | Exit | Union Pacific Corp. | $0 | – | -158,894 | – | -2.99% | – |
| PFE | Exit | Pfizer Inc. | $0 | – | -502,121 | – | -3.28% | – |
| JCI | Exit | Johnson Controls International PLC | $0 | – | -371,521 | – | -3.34% | – |
| ORCL | Exit | Oracle Corp. | $0 | – | -454,665 | – | -3.45% | – |
| WFC | Exit | Wells Fargo Co. | $0 | – | -414,684 | – | -3.54% | – |
| VZ | Exit | Verizon Communications Inc. | $0 | – | -365,266 | – | -3.66% | – |
| WBA | Exit | Walgreens Boots Alliance Inc. | $0 | – | -248,554 | – | -3.87% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -408,511 | – | -4.54% | – |
| TEVA | Exit | Teva Pharmaceutical - ADR | $0 | – | -572,656 | – | -5.09% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -223,189 | – | -5.09% | – |
| MDT | Exit | Medtronic PLC | $0 | – | -425,383 | – | -7.09% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MDT | Sell | Medtronic PLC | $36,753,000 | -4.7% | 425,383 | -4.3% | 7.09% | +1.0% |
| JNJ | Sell | Johnson & Johnson | $26,365,000 | -5.3% | 223,189 | -2.8% | 5.09% | +0.3% |
| TEVA | Sell | Teva Pharmaceutical - ADR | $26,348,000 | -11.8% | 572,656 | -3.7% | 5.09% | -6.5% |
| MSFT | Sell | Microsoft Corp. | $23,530,000 | -6.8% | 408,511 | -17.2% | 4.54% | -1.3% |
| WBA | Buy | Walgreens Boots Alliance Inc. | $20,038,000 | +5.6% | 248,554 | +9.1% | 3.87% | +11.9% |
| VZ | Sell | Verizon Communications Inc. | $18,987,000 | -10.5% | 365,266 | -3.9% | 3.66% | -5.2% |
| WFC | Buy | Wells Fargo Co. | $18,362,000 | +1.9% | 414,684 | +8.9% | 3.54% | +7.9% |
| ORCL | Buy | Oracle Corp. | $17,859,000 | -2.0% | 454,665 | +2.1% | 3.45% | +3.8% |
| JCI | New | Johnson Controls International PLC | $17,287,000 | – | 371,521 | – | 3.34% | – |
| PFE | Sell | Pfizer Inc. | $17,007,000 | -8.2% | 502,121 | -4.6% | 3.28% | -2.7% |
| UNP | Sell | Union Pacific Corp. | $15,497,000 | +3.0% | 158,894 | -7.8% | 2.99% | +9.1% |
| BAX | Sell | Baxter International Inc. | $15,457,000 | -4.5% | 324,723 | -9.3% | 2.98% | +1.2% |
| UTX | Buy | United Technologies Corp. | $13,050,000 | +37.0% | 128,444 | +38.3% | 2.52% | +45.1% |
| AXP | Sell | American Express | $12,480,000 | +0.1% | 194,875 | -5.1% | 2.41% | +6.0% |
| CSCO | New | Cisco Systems Inc. | $11,348,000 | – | 357,742 | – | 2.19% | – |
| GWW | Sell | W.W. Grainger Inc. | $11,175,000 | -6.6% | 49,703 | -5.6% | 2.16% | -1.1% |
| CHKP | Sell | Check Point Software Technologies Ltd. | $11,131,000 | -6.0% | 143,419 | -3.5% | 2.15% | -0.4% |
| APA | Sell | Apache Corp. | $10,425,000 | -0.2% | 163,220 | -13.0% | 2.01% | +5.7% |
| TIF | Buy | Tiffany & Co. | $9,860,000 | +21.5% | 135,759 | +1.5% | 1.90% | +28.8% |
| BG | Sell | Bunge Ltd. | $8,484,000 | -40.8% | 143,246 | -40.9% | 1.64% | -37.3% |
| MSI | Buy | Motorola Solutions Inc. | $8,391,000 | +174.4% | 110,007 | +137.3% | 1.62% | +190.8% |
| TUP | Sell | Tupperware Brands Corp. | $7,978,000 | -34.6% | 122,044 | -43.7% | 1.54% | -30.7% |
| CAH | Sell | Cardinal Health Inc. | $7,480,000 | -4.1% | 96,268 | -3.8% | 1.44% | +1.5% |
| EMR | Sell | Emerson Electric Co. | $7,326,000 | -14.3% | 134,397 | -18.0% | 1.41% | -9.2% |
| FOXA | Buy | Twenty-First Century Fox Inc. | $7,270,000 | +12.1% | 300,166 | +25.2% | 1.40% | +18.8% |
| MRK | Sell | Merck & Co. Inc. | $7,223,000 | -15.9% | 115,737 | -22.4% | 1.39% | -10.9% |
| DOX | Sell | Amdocs Ltd. | $6,970,000 | -5.9% | 120,482 | -6.1% | 1.34% | -0.4% |
| MAT | Sell | Mattel Inc. | $6,231,000 | -15.4% | 205,767 | -12.5% | 1.20% | -10.3% |
| COL | New | Rockwell Collins Inc. | $6,231,000 | – | 73,880 | – | 1.20% | – |
| CCU | Sell | Cia Cervecerias Unidas - ADR | $5,556,000 | -17.7% | 275,208 | -4.9% | 1.07% | -12.9% |
| BHI | New | Baker Hughes Inc. | $5,047,000 | – | 99,995 | – | 0.97% | – |
| HRS | New | Harris Corp. | $4,700,000 | – | 51,300 | – | 0.91% | – |
| SNY | Sell | Sanofi - ADR | $4,535,000 | -11.6% | 118,740 | -3.2% | 0.88% | -6.4% |
| PTR | Sell | Petrochina Co. Ltd. - ADR | $4,375,000 | -3.0% | 65,494 | -1.3% | 0.84% | +2.7% |
| SWK | Sell | Stanley Black & Decker Inc. | $4,140,000 | +4.9% | 33,666 | -5.1% | 0.80% | +11.1% |
| KO | Sell | Coca Cola Co. | $3,966,000 | -6.7% | 93,720 | -0.1% | 0.77% | -1.2% |
| OUT | Sell | Outfront Media Inc. | $3,909,000 | -2.2% | 165,287 | -0.0% | 0.76% | +3.7% |
| PEP | New | PepsiCo Inc. | $3,878,000 | – | 35,650 | – | 0.75% | – |
| ICL | Sell | Israel Chemicals Ltd. | $3,790,000 | -51.6% | 971,757 | -51.6% | 0.73% | -48.7% |
| GNTX | New | Gentex Corp. | $3,740,000 | – | 213,000 | – | 0.72% | – |
| KT | Sell | KT Corp. - ADR | $3,723,000 | +5.5% | 231,982 | -6.2% | 0.72% | +11.8% |
| AN | New | AutoNation Inc. | $3,702,000 | – | 76,000 | – | 0.72% | – |
| CHRW | New | C.H. Robinson Worldwide Inc. | $3,700,000 | – | 52,514 | – | 0.71% | – |
| HOG | Sell | Harley - Davidson Inc. | $3,644,000 | -4.8% | 69,293 | -18.0% | 0.70% | +0.9% |
| MTB | Sell | M&T Bank Corp. | $3,386,000 | -7.8% | 29,161 | -6.1% | 0.65% | -2.2% |
| RDSA | Sell | Royal Dutch Shell PLC ADR A | $3,378,000 | -13.8% | 67,463 | -5.0% | 0.65% | -8.7% |
| AON | New | AON PLC | $3,351,000 | – | 29,785 | – | 0.65% | – |
| MOS | Sell | The Mosaic Co. | $3,246,000 | -21.6% | 132,711 | -16.0% | 0.63% | -16.8% |
| SMFG | Sell | Sumitomo MITSUI-SPONS ADR | $3,193,000 | +12.9% | 473,088 | -4.3% | 0.62% | +19.6% |
| IBN | Sell | ICICI Bank Ltd. - ADR | $2,733,000 | -1.8% | 365,861 | -5.6% | 0.53% | +4.1% |
| SYT | Sell | Syngenta AG - ADR | $2,696,000 | +8.5% | 30,778 | -4.9% | 0.52% | +14.8% |
| PX | Sell | Praxair Inc. | $2,548,000 | +1.4% | 21,090 | -5.7% | 0.49% | +7.4% |
| PPL | Sell | PPL Corp. | $2,453,000 | -77.4% | 70,949 | -75.4% | 0.47% | -76.1% |
| HSY | New | The Hershey Co. | $2,361,000 | – | 24,700 | – | 0.46% | – |
| BRKB | Sell | Berkshire Hathaway Inc. CL B | $2,358,000 | -0.8% | 16,323 | -0.5% | 0.46% | +5.1% |
| CPA | Sell | Copa Holdings SA | $1,507,000 | +57.3% | 17,140 | -6.5% | 0.29% | +66.3% |
| WMT | Sell | Wal-Mart Stores Inc. | $1,439,000 | -1.5% | 19,950 | -0.3% | 0.28% | +4.5% |
| VIV | Sell | Telefonica Brasil SA - ADR | $1,343,000 | -62.4% | 92,832 | -64.7% | 0.26% | -60.3% |
| BDX | Sell | Becton Dickinson & Co. | $1,132,000 | +4.9% | 6,300 | -0.9% | 0.22% | +10.7% |
| PG | Sell | Procter & Gamble Co. | $822,000 | +4.8% | 9,155 | -1.2% | 0.16% | +11.2% |
| MMM | Sell | 3M Co. | $792,000 | -0.6% | 4,494 | -1.3% | 0.15% | +5.5% |
| SSL | Sell | Sasol Ltd. - ADR | $761,000 | -6.0% | 27,869 | -6.7% | 0.15% | -0.7% |
| CHL | Sell | China Mobile HK Ltd. - ADR | $622,000 | -4.9% | 10,113 | -10.5% | 0.12% | +0.8% |
| CVX | Sell | Chevron Corp. | $487,000 | -85.6% | 4,733 | -85.4% | 0.09% | -84.8% |
| JPM | Sell | JPMorgan Chase & Co. | $209,000 | -10.3% | 3,133 | -16.5% | 0.04% | -4.8% |
| DVN | Exit | Devon Energy Corp. | $0 | – | -71,741 | – | -0.47% | – |
| CSX | Exit | CSX Corporation | $0 | – | -128,380 | – | -0.61% | – |
| COP | Exit | ConocoPhillips | $0 | – | -129,878 | – | -1.03% | – |
| STT | Exit | State Street Corp. | $0 | – | -111,264 | – | -1.09% | – |
| RGA | Exit | Reinsurance Group of America | $0 | – | -67,343 | – | -1.19% | – |
| MET | Exit | Metlife Inc. | $0 | – | -381,915 | – | -2.77% | – |
| JCI | Exit | Johnson Controls Inc. | $0 | – | -453,291 | – | -3.66% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MDT | New | Medtronic PLC. | $38,552,000 | – | 444,303 | – | 7.02% | – |
| TEVA | New | Teva Pharmaceutical - ADR | $29,866,000 | – | 594,581 | – | 5.44% | – |
| JNJ | New | Johnson & Johnson | $27,851,000 | – | 229,608 | – | 5.08% | – |
| MSFT | New | Microsoft Corp. | $25,248,000 | – | 493,422 | – | 4.60% | – |
| VZ | New | Verizon Communications Inc. | $21,219,000 | – | 379,989 | – | 3.87% | – |
| JCI | New | Johnson Controls Inc. | $20,063,000 | – | 453,291 | – | 3.66% | – |
| WBA | New | Walgreens Boots Alliance Inc. | $18,975,000 | – | 227,873 | – | 3.46% | – |
| PFE | New | Pfizer Inc. | $18,524,000 | – | 526,095 | – | 3.38% | – |
| ORCL | New | Oracle Corp. | $18,230,000 | – | 445,392 | – | 3.32% | – |
| WFC | New | Wells Fargo Co. | $18,027,000 | – | 380,889 | – | 3.28% | – |
| BAX | New | Baxter International Inc. | $16,192,000 | – | 358,068 | – | 2.95% | – |
| MET | New | Metlife Inc. | $15,212,000 | – | 381,915 | – | 2.77% | – |
| UNP | New | Union Pacific Corp. | $15,042,000 | – | 172,398 | – | 2.74% | – |
| BG | New | Bunge Ltd. | $14,339,000 | – | 242,422 | – | 2.61% | – |
| AXP | New | American Express | $12,473,000 | – | 205,289 | – | 2.27% | – |
| TUP | New | Tupperware Brands Corp. | $12,195,000 | – | 216,691 | – | 2.22% | – |
| GWW | New | W.W. Grainger Inc. | $11,970,000 | – | 52,672 | – | 2.18% | – |
| CHKP | New | Check Point Software Technologies Ltd. | $11,844,000 | – | 148,646 | – | 2.16% | – |
| PPL | New | PPL Corp. | $10,867,000 | – | 287,859 | – | 1.98% | – |
| APA | New | Apache Corp. | $10,447,000 | – | 187,662 | – | 1.90% | – |
| UTX | New | United Technologies Corp. | $9,527,000 | – | 92,904 | – | 1.74% | – |
| MRK | New | Merck & Co. Inc. | $8,591,000 | – | 149,123 | – | 1.56% | – |
| EMR | New | Emerson Electric Co. | $8,548,000 | – | 163,884 | – | 1.56% | – |
| TIF | New | Tiffany & Co. | $8,112,000 | – | 133,773 | – | 1.48% | – |
| ICL | New | Israel Chemicals Ltd. | $7,834,000 | – | 2,008,715 | – | 1.43% | – |
| CAH | New | Cardinal Health Inc. | $7,803,000 | – | 100,031 | – | 1.42% | – |
| DOX | New | Amdocs Ltd. | $7,407,000 | – | 128,322 | – | 1.35% | – |
| MAT | New | Mattel Inc. | $7,361,000 | – | 235,237 | – | 1.34% | – |
| CCU | New | Cia Cervecerias Unidas - ADR | $6,753,000 | – | 289,312 | – | 1.23% | – |
| RGA | New | Reinsurance Group of America | $6,532,000 | – | 67,343 | – | 1.19% | – |
| FOXA | New | Twenty-First Century Fox Inc. | $6,483,000 | – | 239,681 | – | 1.18% | – |
| STT | New | State Street Corp. | $5,999,000 | – | 111,264 | – | 1.09% | – |
| COP | New | ConocoPhillips | $5,663,000 | – | 129,878 | – | 1.03% | – |
| SNY | New | Sanofi - ADR | $5,132,000 | – | 122,638 | – | 0.94% | – |
| PTR | New | Petrochina Co. Ltd. - ADR | $4,509,000 | – | 66,389 | – | 0.82% | – |
| KO | New | Coca Cola Co. | $4,252,000 | – | 93,790 | – | 0.78% | – |
| MOS | New | The Mosaic Co. | $4,138,000 | – | 158,051 | – | 0.75% | – |
| OUT | New | Outfront Media Inc. | $3,996,000 | – | 165,327 | – | 0.73% | – |
| SWK | New | Stanley Black & Decker Inc. | $3,945,000 | – | 35,466 | – | 0.72% | – |
| RDSA | New | Royal Dutch Shell PLC ADR A | $3,921,000 | – | 70,998 | – | 0.71% | – |
| HOG | New | Harley - Davidson Inc. | $3,826,000 | – | 84,453 | – | 0.70% | – |
| MTB | New | M&T Bank Corp. | $3,671,000 | – | 31,051 | – | 0.67% | – |
| VIV | New | Telefonica Brasil SA - ADR | $3,576,000 | – | 262,937 | – | 0.65% | – |
| KT | New | KT Corp. - ADR | $3,528,000 | – | 247,374 | – | 0.64% | – |
| CVX | New | Chevron Corp. | $3,391,000 | – | 32,350 | – | 0.62% | – |
| CSX | New | CSX Corporation | $3,348,000 | – | 128,380 | – | 0.61% | – |
| MSI | New | Motorola Solutions Inc. | $3,058,000 | – | 46,352 | – | 0.56% | – |
| SMFG | New | Sumitomo MITSUI-SPONS ADR | $2,827,000 | – | 494,307 | – | 0.52% | – |
| IBN | New | ICICI Bank Ltd. - ADR | $2,782,000 | – | 387,437 | – | 0.51% | – |
| DVN | New | Devon Energy Corp. | $2,601,000 | – | 71,741 | – | 0.47% | – |
| MDLZ | New | Mondelez International Inc. | $2,515,000 | – | 55,256 | – | 0.46% | – |
| PX | New | Praxair Inc. | $2,513,000 | – | 22,359 | – | 0.46% | – |
| SYT | New | Syngenta AG - ADR | $2,485,000 | – | 32,364 | – | 0.45% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $2,376,000 | – | 16,413 | – | 0.43% | – |
| KHC | New | Kraft Heinz Company | $1,630,000 | – | 18,418 | – | 0.30% | – |
| WMT | New | Wal-Mart Stores Inc. | $1,461,000 | – | 20,004 | – | 0.27% | – |
| BDX | New | Becton Dickinson & Co. | $1,079,000 | – | 6,360 | – | 0.20% | – |
| CPA | New | Copa Holdings SA | $958,000 | – | 18,340 | – | 0.18% | – |
| XOM | New | Exxon Mobil Corp. | $896,000 | – | 9,557 | – | 0.16% | – |
| SSL | New | Sasol Ltd. - ADR | $810,000 | – | 29,869 | – | 0.15% | – |
| MMM | New | 3M Co. | $797,000 | – | 4,554 | – | 0.14% | – |
| PG | New | Procter & Gamble Co. | $784,000 | – | 9,265 | – | 0.14% | – |
| ABBV | New | AbbVie Inc. | $755,000 | – | 12,200 | – | 0.14% | – |
| CAG | New | Conagra Foods Inc. | $707,000 | – | 14,779 | – | 0.13% | – |
| NVS | New | Novartis AG - ADR | $668,000 | – | 8,100 | – | 0.12% | – |
| CHL | New | China Mobile HK Ltd. - ADR | $654,000 | – | 11,298 | – | 0.12% | – |
| ABT | New | Abbott Laboratories | $529,000 | – | 13,460 | – | 0.10% | – |
| IBM | New | IBM | $369,000 | – | 2,430 | – | 0.07% | – |
| USB | New | U.S. Bancorp. | $328,000 | – | 8,123 | – | 0.06% | – |
| JPM | New | JPMorgan Chase & Co. | $233,000 | – | 3,753 | – | 0.04% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BSV | Exit | Vanguard Short-Term Bond ETF | $0 | – | -2,500 | – | -0.04% | – |
| ACETQ | Exit | Aceto Corp. | $0 | – | -8,888 | – | -0.04% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -4,471 | – | -0.05% | – |
| WFC | Exit | Wells Fargo Co. | $0 | – | -6,311 | – | -0.06% | – |
| USB | Exit | U.S. Bancorp. | $0 | – | -8,123 | – | -0.06% | – |
| UTX | Exit | United Technologies Corp. | $0 | – | -4,435 | – | -0.07% | – |
| IBM | Exit | IBM | $0 | – | -3,126 | – | -0.08% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -12,935 | – | -0.10% | – |
| PG | Exit | Procter & Gamble Co. | $0 | – | -8,583 | – | -0.12% | – |
| VIV | Exit | Telefonica Brasil SA - ADR | $0 | – | -73,137 | – | -0.12% | – |
| ABBV | Exit | AbbVie Inc. | $0 | – | -12,260 | – | -0.12% | – |
| CPA | Exit | Copa Holdings SA | $0 | – | -16,600 | – | -0.13% | – |
| XOM | Exit | Exxon Mobil Corp. | $0 | – | -9,497 | – | -0.13% | – |
| CHL | Exit | China Mobile HK Ltd. - ADR | $0 | – | -11,940 | – | -0.13% | – |
| MMM | Exit | 3M Co. | $0 | – | -5,114 | – | -0.14% | – |
| NVS | Exit | Novartis AG - ADR | $0 | – | -8,168 | – | -0.14% | – |
| BDX | Exit | Becton Dickinson & Co. | $0 | – | -6,300 | – | -0.16% | – |
| SSL | Exit | Sasol Ltd. - ADR | $0 | – | -36,119 | – | -0.19% | – |
| WMT | Exit | Wal-Mart Stores Inc. | $0 | – | -20,004 | – | -0.24% | – |
| KHC | Exit | Kraft Heinz Company | $0 | – | -18,418 | – | -0.24% | – |
| BRKB | Exit | Berkshire Hathaway Inc. CL B | $0 | – | -16,323 | – | -0.40% | – |
| IBN | Exit | ICICI Bank Ltd. - ADR | $0 | – | -17,249 | – | -0.40% | – |
| MDLZ | Exit | Mondelez International Inc. | $0 | – | -55,256 | – | -0.43% | – |
| DVN | Exit | Devon Energy Corp. | $0 | – | -77,131 | – | -0.53% | – |
| CVX | Exit | Chevron Corp. | $0 | – | -42,600 | – | -0.62% | – |
| RDSA | Exit | Royal Dutch Shell PLC ADR A | $0 | – | -5,233 | – | -0.69% | – |
| SMFG | Exit | Sumitomo MITSUI-SPONS ADR | $0 | – | -32,061 | – | -0.69% | – |
| SWK | Exit | Stanley Black & Decker Inc. | $0 | – | -38,198 | – | -0.69% | – |
| KO | Exit | Coca Cola Co. | $0 | – | -93,720 | – | -0.70% | – |
| MTB | Exit | M&T Bank Corp. | $0 | – | -30,937 | – | -0.70% | – |
| F | Exit | Ford Motor Co. | $0 | – | -285,222 | – | -0.72% | – |
| HWC | Exit | Hancock Holding Co. | $0 | – | -162,859 | – | -0.82% | – |
| CAH | Exit | Cardinal Health Inc. | $0 | – | -63,527 | – | -0.91% | – |
| PTR | Exit | Petrochina Co. Ltd. - ADR | $0 | – | -23,181 | – | -0.94% | – |
| CAG | Exit | Conagra Foods Inc. | $0 | – | -131,310 | – | -0.99% | – |
| TDW | Exit | Tidewater Inc. | $0 | – | -302,307 | – | -1.03% | – |
| CCU | Exit | Cia Cervecerias Unidas - ADR | $0 | – | -106,495 | – | -1.11% | – |
| DOX | Exit | Amdocs Ltd. | $0 | – | -108,646 | – | -1.15% | – |
| MRK | Exit | Merck & Co. Inc. | $0 | – | -146,017 | – | -1.34% | – |
| COP | Exit | ConocoPhillips | $0 | – | -152,909 | – | -1.36% | – |
| EMR | Exit | Emerson Electric Co. | $0 | – | -129,426 | – | -1.48% | – |
| SEM | Exit | Select Medical Holdings Corp. | $0 | – | -738,272 | – | -1.48% | – |
| KT | Exit | KT Corp. - ADR | $0 | – | -355,839 | – | -1.54% | – |
| FCX | Exit | Freeport-McMoRan Copper & Gold Inc. | $0 | – | -681,414 | – | -1.56% | – |
| APA | Exit | Apache Corp. | $0 | – | -151,335 | – | -1.60% | – |
| ANF | Exit | Abercombie & Fitch Co. Cl A | $0 | – | -314,486 | – | -1.60% | – |
| BXLT | Exit | Baxalta Inc. | $0 | – | -272,717 | – | -1.60% | – |
| CSX | Exit | CSX Corporation | $0 | – | -214,045 | – | -1.61% | – |
| UNP | Exit | Union Pacific Corp. | $0 | – | -99,000 | – | -1.63% | – |
| ORCL | Exit | Oracle Corp. | $0 | – | -197,186 | – | -1.77% | – |
| RGA | Exit | Reinsurance Group of America | $0 | – | -73,822 | – | -1.80% | – |
| ICL | Exit | Israel Chemicals Ltd. | $0 | – | -1,373,876 | – | -1.91% | – |
| TUP | Exit | Tupperware Brands Corp. | $0 | – | -168,854 | – | -2.09% | – |
| MOS | Exit | The Mosaic Co. | $0 | – | -294,373 | – | -2.18% | – |
| PPL | Exit | PPL Corp. | $0 | – | -291,073 | – | -2.24% | – |
| BAX | Exit | Baxter International Inc. | $0 | – | -305,057 | – | -2.28% | – |
| MAT | Exit | Mattel Inc. | $0 | – | -615,172 | – | -2.41% | – |
| CHKP | Exit | Check Point Software Technologies Ltd. | $0 | – | -115,174 | – | -2.42% | – |
| STT | Exit | State Street Corp. | $0 | – | -157,068 | – | -2.48% | – |
| BG | Exit | Bunge Ltd. | $0 | – | -157,888 | – | -2.77% | – |
| JCI | Exit | Johnson Controls Inc. | $0 | – | -302,318 | – | -2.83% | – |
| AVT | Exit | Avnet Inc. | $0 | – | -289,239 | – | -2.90% | – |
| PFE | Exit | Pfizer Inc. | $0 | – | -428,925 | – | -2.94% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -149,684 | – | -3.20% | – |
| MET | Exit | Metlife Inc. | $0 | – | -318,556 | – | -3.55% | – |
| WBA | Exit | Walgreens Boots Alliance Inc. | $0 | – | -188,343 | – | -3.60% | – |
| PNC | Exit | PNC Financial Services Group Inc. | $0 | – | -206,926 | – | -4.03% | – |
| VZ | Exit | Verizon Communications Inc. | $0 | – | -422,917 | – | -4.08% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -428,767 | – | -4.47% | – |
| MDT | Exit | Medtronic PLC. | $0 | – | -395,802 | – | -5.59% | – |
| TEVA | Exit | Teva Pharmaceutical - ADR | $0 | – | -466,215 | – | -5.81% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TEVA | Sell | Teva Pharmaceutical - ADR | $31,230,000 | -18.7% | 466,215 | -28.3% | 5.81% | +0.5% |
| MDT | Sell | Medtronic PLC. | $30,077,000 | -13.1% | 395,802 | -15.3% | 5.59% | +7.5% |
| MSFT | Sell | Microsoft Corp. | $24,057,000 | -3.7% | 428,767 | -24.2% | 4.47% | +19.2% |
| VZ | Sell | Verizon Communications Inc. | $21,920,000 | -7.2% | 422,917 | -16.6% | 4.08% | +14.8% |
| PNC | Sell | PNC Financial Services Group Inc. | $21,651,000 | -15.2% | 206,926 | -22.4% | 4.03% | +5.0% |
| WBA | Sell | Walgreens Boots Alliance Inc. | $19,371,000 | -13.9% | 188,343 | -29.3% | 3.60% | +6.4% |
| MET | Sell | Metlife Inc. | $19,075,000 | -18.8% | 318,556 | -24.0% | 3.55% | +0.5% |
| JNJ | Sell | Johnson & Johnson | $17,209,000 | +0.2% | 149,684 | -15.1% | 3.20% | +23.9% |
| PFE | Sell | Pfizer Inc. | $15,785,000 | -12.1% | 428,925 | -19.9% | 2.94% | +8.7% |
| AVT | Sell | Avnet Inc. | $15,602,000 | +6.2% | 289,239 | -19.0% | 2.90% | +31.4% |
| JCI | Sell | Johnson Controls Inc. | $15,214,000 | -11.7% | 302,318 | -13.1% | 2.83% | +9.2% |
| BG | Sell | Bunge Ltd. | $14,917,000 | -20.4% | 157,888 | -26.0% | 2.77% | -1.5% |
| STT | Sell | State Street Corp. | $13,339,000 | -17.5% | 157,068 | -25.2% | 2.48% | +2.0% |
| CHKP | Sell | Check Point Software Technologies Ltd. | $13,003,000 | -8.7% | 115,174 | -35.7% | 2.42% | +12.9% |
| MAT | Buy | Mattel Inc. | $12,956,000 | -8.4% | 615,172 | +11.7% | 2.41% | +13.3% |
| BAX | Sell | Baxter International Inc. | $12,248,000 | -50.8% | 305,057 | -14.3% | 2.28% | -39.2% |
| PPL | Sell | PPL Corp. | $12,065,000 | +7.3% | 291,073 | -23.7% | 2.24% | +32.7% |
| MOS | Sell | The Mosaic Co. | $11,732,000 | -37.0% | 294,373 | -25.9% | 2.18% | -22.0% |
| TUP | Sell | Tupperware Brands Corp. | $11,231,000 | -0.8% | 168,854 | -3.7% | 2.09% | +22.8% |
| ICL | Sell | Israel Chemicals Ltd. | $10,270,000 | -24.5% | 1,373,876 | -29.5% | 1.91% | -6.6% |
| RGA | Sell | Reinsurance Group of America | $9,686,000 | -18.2% | 73,822 | -40.8% | 1.80% | +1.2% |
| ORCL | Buy | Oracle Corp. | $9,512,000 | +122.0% | 197,186 | +85.4% | 1.77% | +174.7% |
| UNP | New | Union Pacific Corp. | $8,753,000 | – | 99,000 | – | 1.63% | – |
| CSX | Sell | CSX Corporation | $8,650,000 | -11.4% | 214,045 | -28.4% | 1.61% | +9.6% |
| BXLT | New | Baxalta Inc. | $8,593,000 | – | 272,717 | – | 1.60% | – |
| ANF | Sell | Abercombie & Fitch Co. Cl A | $8,590,000 | -3.0% | 314,486 | -23.6% | 1.60% | +20.0% |
| APA | Sell | Apache Corp. | $8,590,000 | -53.0% | 151,335 | -52.3% | 1.60% | -41.9% |
| FCX | Sell | Freeport-McMoRan Copper & Gold Inc. | $8,382,000 | -44.2% | 681,414 | -15.5% | 1.56% | -31.0% |
| KT | Sell | KT Corp. - ADR | $8,283,000 | +3.7% | 355,839 | -43.6% | 1.54% | +28.2% |
| SEM | Buy | Select Medical Holdings Corp. | $7,966,000 | -32.4% | 738,272 | +1.5% | 1.48% | -16.4% |
| EMR | Sell | Emerson Electric Co. | $7,943,000 | +4.3% | 129,426 | -5.8% | 1.48% | +29.1% |
| COP | Buy | ConocoPhillips | $7,334,000 | -8.1% | 152,909 | +17.6% | 1.36% | +13.7% |
| MRK | Buy | Merck & Co. Inc. | $7,212,000 | -8.3% | 146,017 | +5.7% | 1.34% | +13.5% |
| DOX | Sell | Amdocs Ltd. | $6,180,000 | +1.6% | 108,646 | -2.5% | 1.15% | +25.7% |
| CCU | Sell | Cia Cervecerias Unidas - ADR | $5,974,000 | +4.4% | 106,495 | -60.6% | 1.11% | +29.2% |
| TDW | Sell | Tidewater Inc. | $5,521,000 | -56.8% | 302,307 | -46.3% | 1.03% | -46.6% |
| CAG | Sell | Conagra Foods Inc. | $5,319,000 | -82.4% | 131,310 | -81.0% | 0.99% | -78.3% |
| PTR | Sell | Petrochina Co. Ltd. - ADR | $5,063,000 | -23.9% | 23,181 | -61.4% | 0.94% | -5.8% |
| CAH | Sell | Cardinal Health Inc. | $4,880,000 | -15.8% | 63,527 | -8.4% | 0.91% | +4.0% |
| HWC | Sell | Hancock Holding Co. | $4,405,000 | -49.3% | 162,859 | -40.2% | 0.82% | -37.3% |
| F | Sell | Ford Motor Co. | $3,870,000 | -14.4% | 285,222 | -5.3% | 0.72% | +5.9% |
| MTB | Sell | M&T Bank Corp. | $3,773,000 | -4.0% | 30,937 | -1.7% | 0.70% | +18.8% |
| SWK | Sell | Stanley Black & Decker Inc. | $3,704,000 | -12.7% | 38,198 | -5.3% | 0.69% | +8.0% |
| SMFG | Sell | Sumitomo MITSUI-SPONS ADR | $3,691,000 | -15.0% | 32,061 | -93.4% | 0.69% | +5.1% |
| RDSA | Sell | Royal Dutch Shell PLC ADR A | $3,687,000 | -12.2% | 5,233 | -92.9% | 0.69% | +8.7% |
| CVX | New | Chevron Corp. | $3,360,000 | – | 42,600 | – | 0.62% | – |
| DVN | Sell | Devon Energy Corp. | $2,861,000 | -39.2% | 77,131 | -2.4% | 0.53% | -24.8% |
| IBN | Sell | ICICI Bank Ltd. - ADR | $2,172,000 | -19.4% | 17,249 | -93.3% | 0.40% | -0.2% |
| KHC | New | Kraft Heinz Company | $1,300,000 | – | 18,418 | – | 0.24% | – |
| WMT | Buy | Wal-Mart Stores Inc. | $1,297,000 | -8.3% | 20,004 | +0.3% | 0.24% | +13.1% |
| SSL | Sell | Sasol Ltd. - ADR | $1,005,000 | -25.3% | 36,119 | -0.5% | 0.19% | -7.4% |
| NVS | Buy | Novartis AG - ADR | $751,000 | -5.8% | 8,168 | +0.8% | 0.14% | +16.7% |
| CHL | Buy | China Mobile HK Ltd. - ADR | $710,000 | -3.4% | 11,940 | +4.1% | 0.13% | +20.0% |
| CPA | Buy | Copa Holdings SA | $696,000 | -26.1% | 16,600 | +45.6% | 0.13% | -9.2% |
| VIV | Buy | Telefonica Brasil SA - ADR | $668,000 | -29.9% | 73,137 | +6.9% | 0.12% | -13.3% |
| ABBV | Buy | AbbVie Inc. | $667,000 | -18.7% | 12,260 | +0.5% | 0.12% | +0.8% |
| ABT | Buy | Abbott Laboratories | $520,000 | -17.5% | 12,935 | +0.8% | 0.10% | +2.1% |
| UTX | Sell | United Technologies Corp. | $395,000 | -33.9% | 4,435 | -17.7% | 0.07% | -18.9% |
| BSV | New | Vanguard Short-Term Bond ETF | $201,000 | – | 2,500 | – | 0.04% | – |
| CMA | Exit | Comerica Inc. | $0 | – | -4,820 | – | -0.04% | – |
| KRFT | Exit | Kraft Foods Group Inc. | $0 | – | -18,418 | – | -0.24% | – |
| SNY | Exit | Sanofi - ADR | $0 | – | -110,575 | – | -0.82% | – |
| KN | Exit | Knowles Corp. | $0 | – | -374,230 | – | -1.02% | – |
| NSC | Exit | Norfolk Southern Corp. | $0 | – | -124,162 | – | -1.63% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TEVA | New | Teva Pharmaceutical - ADR | $38,427,000 | – | 650,201 | – | 5.78% | – |
| MDT | New | Medtronic PLC. | $34,609,000 | – | 467,061 | – | 5.20% | – |
| CAG | New | Conagra Foods Inc. | $30,259,000 | – | 692,105 | – | 4.55% | – |
| PNC | New | PNC Financial Services Group Inc. | $25,521,000 | – | 266,820 | – | 3.84% | – |
| MSFT | New | Microsoft Corp. | $24,971,000 | – | 565,593 | – | 3.75% | – |
| BAX | New | Baxter International Inc. | $24,903,000 | – | 356,112 | – | 3.74% | – |
| VZ | New | Verizon Communications Inc. | $23,626,000 | – | 506,884 | – | 3.55% | – |
| MET | New | Metlife Inc. | $23,479,000 | – | 419,342 | – | 3.53% | – |
| WBA | New | Walgreens Boots Alliance Inc. | $22,510,000 | – | 266,581 | – | 3.38% | – |
| BG | New | Bunge Ltd. | $18,737,000 | – | 213,403 | – | 2.82% | – |
| MOS | New | The Mosaic Co. | $18,608,000 | – | 397,172 | – | 2.80% | – |
| APA | New | Apache Corp. | $18,277,000 | – | 317,145 | – | 2.75% | – |
| PFE | New | Pfizer Inc. | $17,958,000 | – | 535,581 | – | 2.70% | – |
| JCI | New | Johnson Controls Inc. | $17,232,000 | – | 347,914 | – | 2.59% | – |
| JNJ | New | Johnson & Johnson | $17,183,000 | – | 176,310 | – | 2.58% | – |
| STT | New | State Street Corp. | $16,178,000 | – | 210,110 | – | 2.43% | – |
| FCX | New | Freeport-McMoRan Copper & Gold Inc. | $15,023,000 | – | 806,845 | – | 2.26% | – |
| AVT | New | Avnet Inc. | $14,686,000 | – | 357,243 | – | 2.21% | – |
| CHKP | New | Check Point Software Technologies Ltd. | $14,246,000 | – | 179,082 | – | 2.14% | – |
| MAT | New | Mattel Inc. | $14,145,000 | – | 550,622 | – | 2.13% | – |
| ICL | New | Israel Chemicals Ltd. | $13,602,000 | – | 1,948,653 | – | 2.04% | – |
| TDW | New | Tidewater Inc. | $12,785,000 | – | 562,452 | – | 1.92% | – |
| RGA | New | Reinsurance Group of America | $11,839,000 | – | 124,797 | – | 1.78% | – |
| SEM | New | Select Medical Holdings Corp. | $11,782,000 | – | 727,274 | – | 1.77% | – |
| TUP | New | Tupperware Brands Corp. | $11,317,000 | – | 175,346 | – | 1.70% | – |
| PPL | New | PPL Corp. | $11,243,000 | – | 381,517 | – | 1.69% | – |
| NSC | New | Norfolk Southern Corp. | $10,847,000 | – | 124,162 | – | 1.63% | – |
| CSX | New | CSX Corporation | $9,761,000 | – | 298,953 | – | 1.47% | – |
| ANF | New | Abercombie & Fitch Co. Cl A | $8,854,000 | – | 411,611 | – | 1.33% | – |
| HWC | New | Hancock Holding Co. | $8,695,000 | – | 272,487 | – | 1.31% | – |
| KT | New | KT Corp. - ADR | $7,987,000 | – | 630,410 | – | 1.20% | – |
| COP | New | ConocoPhillips | $7,984,000 | – | 130,019 | – | 1.20% | – |
| MRK | New | Merck & Co. Inc. | $7,864,000 | – | 138,137 | – | 1.18% | – |
| EMR | New | Emerson Electric Co. | $7,614,000 | – | 137,354 | – | 1.14% | – |
| KN | New | Knowles Corp. | $6,774,000 | – | 374,230 | – | 1.02% | – |
| PTR | New | Petrochina Co. Ltd. - ADR | $6,649,000 | – | 60,006 | – | 1.00% | – |
| DOX | New | Amdocs Ltd. | $6,080,000 | – | 111,376 | – | 0.91% | – |
| CAH | New | Cardinal Health Inc. | $5,798,000 | – | 69,317 | – | 0.87% | – |
| CCU | New | Cia Cervecerias Unidas - ADR | $5,724,000 | – | 270,233 | – | 0.86% | – |
| SNY | New | Sanofi - ADR | $5,477,000 | – | 110,575 | – | 0.82% | – |
| DVN | New | Devon Energy Corp. | $4,702,000 | – | 79,041 | – | 0.71% | – |
| F | New | Ford Motor Co. | $4,521,000 | – | 301,212 | – | 0.68% | – |
| SMFG | New | Sumitomo MITSUI-SPONS ADR | $4,343,000 | – | 488,566 | – | 0.65% | – |
| ORCL | New | Oracle Corp. | $4,285,000 | – | 106,339 | – | 0.64% | – |
| SWK | New | Stanley Black & Decker Inc. | $4,245,000 | – | 40,338 | – | 0.64% | – |
| RDSA | New | Royal Dutch Shell PLC ADR A | $4,201,000 | – | 73,696 | – | 0.63% | – |
| MTB | New | M&T Bank Corp. | $3,932,000 | – | 31,477 | – | 0.59% | – |
| KO | New | Coca Cola Co. | $3,677,000 | – | 93,720 | – | 0.55% | – |
| IBN | New | ICICI Bank Ltd. - ADR | $2,696,000 | – | 258,728 | – | 0.40% | – |
| MDLZ | New | Mondelez International Inc. | $2,273,000 | – | 55,256 | – | 0.34% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $2,222,000 | – | 16,323 | – | 0.33% | – |
| KRFT | New | Kraft Foods Group Inc. | $1,568,000 | – | 18,418 | – | 0.24% | – |
| WMT | New | Wal-Mart Stores Inc. | $1,415,000 | – | 19,950 | – | 0.21% | – |
| SSL | New | Sasol Ltd. - ADR | $1,346,000 | – | 36,309 | – | 0.20% | – |
| VIV | New | Telefonica Brasil SA - ADR | $953,000 | – | 68,437 | – | 0.14% | – |
| CPA | New | Copa Holdings SA | $942,000 | – | 11,400 | – | 0.14% | – |
| BDX | New | Becton Dickinson & Co. | $892,000 | – | 6,300 | – | 0.13% | – |
| ABBV | New | AbbVie Inc. | $820,000 | – | 12,200 | – | 0.12% | – |
| NVS | New | Novartis AG - ADR | $797,000 | – | 8,100 | – | 0.12% | – |
| MMM | New | 3M Co. | $789,000 | – | 5,114 | – | 0.12% | – |
| XOM | New | Exxon Mobil Corp. | $790,000 | – | 9,497 | – | 0.12% | – |
| CHL | New | China Mobile HK Ltd. - ADR | $735,000 | – | 11,473 | – | 0.11% | – |
| PG | New | Procter & Gamble Co. | $672,000 | – | 8,583 | – | 0.10% | – |
| ABT | New | Abbott Laboratories | $630,000 | – | 12,835 | – | 0.10% | – |
| UTX | New | United Technologies Corp. | $598,000 | – | 5,390 | – | 0.09% | – |
| IBM | New | IBM | $508,000 | – | 3,126 | – | 0.08% | – |
| WFC | New | Wells Fargo Co. | $355,000 | – | 6,311 | – | 0.05% | – |
| USB | New | U.S. Bancorp. | $353,000 | – | 8,123 | – | 0.05% | – |
| JPM | New | JPMorgan Chase & Co. | $303,000 | – | 4,471 | – | 0.05% | – |
| CMA | New | Comerica Inc. | $247,000 | – | 4,820 | – | 0.04% | – |
| ACETQ | New | Aceto Corp. | $219,000 | – | 8,888 | – | 0.03% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CMA | Exit | Comerica Inc. | $0 | – | -4,820 | – | -0.03% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -4,471 | – | -0.04% | – |
| WFC | Exit | Wells Fargo Co. | $0 | – | -7,421 | – | -0.06% | – |
| USB | Exit | U.S. Bancorp. | $0 | – | -9,553 | – | -0.06% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -12,200 | – | -0.07% | – |
| UTX | Exit | United Technologies Corp. | $0 | – | -5,185 | – | -0.08% | – |
| IBM | Exit | IBM | $0 | – | -3,126 | – | -0.08% | – |
| IVV | Exit | IShares S&P 500 Index Fund | $0 | – | -3,100 | – | -0.09% | – |
| CHL | Exit | China Mobile HK Ltd. - ADR | $0 | – | -11,543 | – | -0.10% | – |
| ABBV | Exit | AbbVie Inc. | $0 | – | -12,200 | – | -0.10% | – |
| BDX | Exit | Becton Dickinson & Co. | $0 | – | -6,300 | – | -0.10% | – |
| SBS | Exit | CIA Saneamento Basico De - ADR | $0 | – | -89,906 | – | -0.10% | – |
| NVS | Exit | Novartis AG - ADR | $0 | – | -8,100 | – | -0.11% | – |
| MMM | Exit | 3M Co. | $0 | – | -6,024 | – | -0.12% | – |
| PG | Exit | Procter & Gamble Co. | $0 | – | -10,563 | – | -0.13% | – |
| KRFT | Exit | Kraft Foods Group Inc. | $0 | – | -18,418 | – | -0.15% | – |
| XOM | Exit | Exxon Mobil Corp. | $0 | – | -11,131 | – | -0.15% | – |
| SSL | Exit | Sasol Ltd. - ADR | $0 | – | -22,549 | – | -0.18% | – |
| WMT | Exit | Wal-Mart Stores Inc. | $0 | – | -19,950 | – | -0.22% | – |
| MDLZ | Exit | Mondelez International Inc. | $0 | – | -55,256 | – | -0.27% | – |
| VIV | Exit | Telefonica Brasil SA - ADR | $0 | – | -98,295 | – | -0.28% | – |
| BRKB | Exit | Berkshire Hathaway Inc. CL B | $0 | – | -16,323 | – | -0.32% | – |
| IBN | Exit | ICICI Bank Ltd. - ADR | $0 | – | -53,246 | – | -0.38% | – |
| SHG | Exit | Shinhan Financial Group - ADR | $0 | – | -62,006 | – | -0.40% | – |
| CCU | Exit | Cia Cervecerias Unidas - ADR | $0 | – | -140,547 | – | -0.44% | – |
| ICL | Exit | Israel Chemicals Ltd. | $0 | – | -517,699 | – | -0.54% | – |
| SMFG | Exit | Sumitomo MITSUI-SPONS ADR | $0 | – | -463,863 | – | -0.55% | – |
| FNB | Exit | F.N.B. Corp. | $0 | – | -326,002 | – | -0.56% | – |
| ORCL | Exit | Oracle Corp. | $0 | – | -103,225 | – | -0.57% | – |
| KO | Exit | Coca Cola Co. | $0 | – | -93,720 | – | -0.57% | – |
| MTB | Exit | M&T Bank Corp. | $0 | – | -33,424 | – | -0.59% | – |
| RDSA | Exit | Royal Dutch Shell PLC ADR A | $0 | – | -56,481 | – | -0.62% | – |
| F | Exit | Ford Motor Co. | $0 | – | -319,509 | – | -0.68% | – |
| DVN | Exit | Devon Energy Corp. | $0 | – | -72,342 | – | -0.71% | – |
| TDC | Exit | Teradata Corp. | $0 | – | -122,565 | – | -0.74% | – |
| PTR | Exit | Petrochina Co. Ltd. - ADR | $0 | – | -42,226 | – | -0.78% | – |
| KT | Exit | KT Corp. - ADR | $0 | – | -356,345 | – | -0.83% | – |
| SNY | Exit | Sanofi - ADR | $0 | – | -106,253 | – | -0.86% | – |
| KN | Exit | Knowles Corp. | $0 | – | -249,872 | – | -0.95% | – |
| TAP | Exit | Molson Coors Brewing Co. - B | $0 | – | -97,401 | – | -1.04% | – |
| CAH | Exit | Cardinal Health Inc. | $0 | – | -100,262 | – | -1.08% | – |
| DD | Exit | Du Pont (E.I.) De Nemours | $0 | – | -108,507 | – | -1.12% | – |
| JCI | Exit | Johnson Controls Inc. | $0 | – | -177,088 | – | -1.12% | – |
| R | Exit | Ryder System Inc. | $0 | – | -87,180 | – | -1.13% | – |
| HWC | Exit | Hancock Holding Co. | $0 | – | -258,053 | – | -1.19% | – |
| SWK | Exit | Stanley Black & Decker Inc. | $0 | – | -93,846 | – | -1.20% | – |
| DOX | Exit | Amdocs Ltd. | $0 | – | -183,099 | – | -1.21% | – |
| CSX | Exit | CSX Corporation | $0 | – | -277,155 | – | -1.28% | – |
| COP | Exit | ConocoPhillips | $0 | – | -116,194 | – | -1.28% | – |
| JBL | Exit | Jabil Circuit Inc. | $0 | – | -447,546 | – | -1.30% | – |
| MRK | Exit | Merck & Co. Inc. | $0 | – | -160,772 | – | -1.37% | – |
| COH | Exit | Coach Inc. | $0 | – | -269,671 | – | -1.38% | – |
| ANF | Exit | Abercombie & Fitch Co. Cl A | $0 | – | -286,896 | – | -1.50% | – |
| PPL | Exit | PPL Corp. | $0 | – | -319,539 | – | -1.51% | – |
| F113PS | Exit | Covidien PLC | $0 | – | -130,177 | – | -1.62% | – |
| RGA | Exit | Reinsurance Group of America | $0 | – | -141,029 | – | -1.62% | – |
| SEM | Exit | Select Medical Holdings Corp. | $0 | – | -997,482 | – | -1.72% | – |
| MAT | Exit | Mattel Inc. | $0 | – | -392,339 | – | -1.73% | – |
| BHI | Exit | Baker Hughes Inc. | $0 | – | -186,827 | – | -1.75% | – |
| DBD | Exit | Diebold Inc. | $0 | – | -349,940 | – | -1.78% | – |
| NSC | Exit | Norfolk Southern Corp. | $0 | – | -115,875 | – | -1.86% | – |
| TUP | Exit | Tupperware Brands Corp. | $0 | – | -207,232 | – | -2.06% | – |
| TDW | Exit | Tidewater Inc. | $0 | – | -397,957 | – | -2.23% | – |
| AVT | Exit | Avnet Inc. | $0 | – | -382,600 | – | -2.28% | – |
| STT | Exit | State Street Corp. | $0 | – | -215,960 | – | -2.28% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -151,125 | – | -2.31% | – |
| MOS | Exit | The Mosaic Co. | $0 | – | -366,339 | – | -2.34% | – |
| FCX | Exit | Freeport-McMoRan Copper & Gold Inc. | $0 | – | -503,006 | – | -2.36% | – |
| CHKP | Exit | Check Point Software Technologies Ltd. | $0 | – | -238,462 | – | -2.37% | – |
| WAG | Exit | Walgreen Co. | $0 | – | -309,818 | – | -2.64% | – |
| MET | Exit | Metlife Inc. | $0 | – | -437,906 | – | -3.38% | – |
| BAX | Exit | Baxter International Inc. | $0 | – | -327,845 | – | -3.38% | – |
| APA | Exit | Apache Corp. | $0 | – | -252,181 | – | -3.40% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -515,526 | – | -3.43% | – |
| MDT | Exit | Medtronic Inc. | $0 | – | -395,552 | – | -3.52% | – |
| BG | Exit | Bunge Ltd. | $0 | – | -305,866 | – | -3.70% | – |
| PNC | Exit | PNC Financial Services Group Inc. | $0 | – | -333,854 | – | -4.10% | – |
| TEVA | Exit | Teva Pharmaceutical - ADR | $0 | – | -621,951 | – | -4.80% | – |
| CAG | Exit | Conagra Foods Inc. | $0 | – | -1,061,761 | – | -5.04% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CAG | Sell | Conagra Foods Inc. | $35,081,000 | +4.7% | 1,061,761 | -6.0% | 5.04% | +18.3% |
| TEVA | Sell | Teva Pharmaceutical - ADR | $33,430,000 | -5.5% | 621,951 | -7.8% | 4.80% | +6.9% |
| PNC | Sell | PNC Financial Services Group Inc. | $28,571,000 | -7.0% | 333,854 | -3.2% | 4.10% | +5.2% |
| BG | Sell | Bunge Ltd. | $25,763,000 | +3.3% | 305,866 | -7.2% | 3.70% | +16.9% |
| MDT | Sell | Medtronic Inc. | $24,504,000 | -6.8% | 395,552 | -4.0% | 3.52% | +5.4% |
| MSFT | Sell | Microsoft Corp. | $23,900,000 | +1.5% | 515,526 | -8.7% | 3.43% | +14.8% |
| APA | Sell | Apache Corp. | $23,672,000 | -16.2% | 252,181 | -10.1% | 3.40% | -5.2% |
| BAX | Sell | Baxter International Inc. | $23,529,000 | -3.6% | 327,845 | -2.8% | 3.38% | +9.1% |
| MET | Sell | Metlife Inc. | $23,524,000 | -12.3% | 437,906 | -9.2% | 3.38% | -0.8% |
| WAG | Buy | Walgreen Co. | $18,363,000 | -1.5% | 309,818 | +23.2% | 2.64% | +11.4% |
| CHKP | Sell | Check Point Software Technologies Ltd. | $16,511,000 | -23.8% | 238,462 | -26.2% | 2.37% | -13.8% |
| FCX | Sell | Freeport-McMoRan Copper & Gold Inc. | $16,423,000 | -33.6% | 503,006 | -25.8% | 2.36% | -24.9% |
| MOS | Buy | The Mosaic Co. | $16,269,000 | +8.3% | 366,339 | +20.6% | 2.34% | +22.5% |
| JNJ | Sell | Johnson & Johnson | $16,108,000 | -6.0% | 151,125 | -7.8% | 2.31% | +6.3% |
| STT | Sell | State Street Corp. | $15,897,000 | +2.8% | 215,960 | -6.1% | 2.28% | +16.3% |
| AVT | Sell | Avnet Inc. | $15,878,000 | -6.7% | 382,600 | -0.4% | 2.28% | +5.5% |
| TDW | Buy | Tidewater Inc. | $15,532,000 | +6.8% | 397,957 | +53.6% | 2.23% | +20.7% |
| TUP | Buy | Tupperware Brands Corp. | $14,307,000 | +4.9% | 207,232 | +27.2% | 2.06% | +18.6% |
| NSC | Sell | Norfolk Southern Corp. | $12,932,000 | +1.9% | 115,875 | -6.0% | 1.86% | +15.2% |
| DBD | Sell | Diebold Inc. | $12,360,000 | -15.8% | 349,940 | -4.3% | 1.78% | -4.8% |
| BHI | Sell | Baker Hughes Inc. | $12,155,000 | -31.3% | 186,827 | -21.4% | 1.75% | -22.4% |
| MAT | Buy | Mattel Inc. | $12,025,000 | +30.2% | 392,339 | +65.5% | 1.73% | +47.2% |
| SEM | Buy | Select Medical Holdings Corp. | $12,000,000 | -14.5% | 997,482 | +10.9% | 1.72% | -3.3% |
| RGA | Sell | Reinsurance Group of America | $11,301,000 | -13.4% | 141,029 | -14.7% | 1.62% | -2.1% |
| F113PS | Sell | Covidien PLC | $11,262,000 | -52.9% | 130,177 | -50.9% | 1.62% | -46.7% |
| PPL | Sell | PPL Corp. | $10,494,000 | -10.2% | 319,539 | -2.9% | 1.51% | +1.5% |
| ANF | Buy | Abercombie & Fitch Co. Cl A | $10,426,000 | +0.6% | 286,896 | +19.8% | 1.50% | +13.8% |
| COH | Buy | Coach Inc. | $9,603,000 | +30.5% | 269,671 | +25.3% | 1.38% | +47.5% |
| MRK | Sell | Merck & Co. Inc. | $9,531,000 | -6.0% | 160,772 | -8.3% | 1.37% | +6.2% |
| JBL | Sell | Jabil Circuit Inc. | $9,027,000 | -39.3% | 447,546 | -37.1% | 1.30% | -31.3% |
| COP | Sell | ConocoPhillips | $8,891,000 | -22.3% | 116,194 | -12.9% | 1.28% | -12.1% |
| CSX | Sell | CSX Corporation | $8,886,000 | -15.7% | 277,155 | -19.0% | 1.28% | -4.7% |
| DOX | Sell | Amdocs Ltd. | $8,401,000 | -13.0% | 183,099 | -12.1% | 1.21% | -1.5% |
| SWK | Sell | Stanley Black & Decker Inc. | $8,333,000 | -13.5% | 93,846 | -14.5% | 1.20% | -2.2% |
| HWC | Buy | Hancock Holding Co. | $8,271,000 | -1.1% | 258,053 | +9.0% | 1.19% | +11.9% |
| R | Sell | Ryder System Inc. | $7,844,000 | -51.3% | 87,180 | -52.3% | 1.13% | -44.9% |
| JCI | Buy | Johnson Controls Inc. | $7,792,000 | +93.4% | 177,088 | +119.5% | 1.12% | +118.6% |
| DD | Sell | Du Pont (E.I.) De Nemours | $7,786,000 | +7.0% | 108,507 | -2.4% | 1.12% | +20.9% |
| CAH | Sell | Cardinal Health Inc. | $7,512,000 | +0.2% | 100,262 | -8.3% | 1.08% | +13.2% |
| TAP | Sell | Molson Coors Brewing Co. - B | $7,251,000 | -22.7% | 97,401 | -23.0% | 1.04% | -12.6% |
| KN | Sell | Knowles Corp. | $6,622,000 | -20.6% | 249,872 | -7.9% | 0.95% | -10.2% |
| SNY | Buy | Sanofi - ADR | $5,996,000 | +12.6% | 106,253 | +6.1% | 0.86% | +27.2% |
| KT | Buy | KT Corp. - ADR | $5,776,000 | +25.0% | 356,345 | +16.8% | 0.83% | +41.4% |
| PTR | Sell | Petrochina Co. Ltd. - ADR | $5,426,000 | -19.3% | 42,226 | -21.2% | 0.78% | -8.8% |
| TDC | Sell | Teradata Corp. | $5,138,000 | -47.9% | 122,565 | -50.1% | 0.74% | -41.1% |
| DVN | Sell | Devon Energy Corp. | $4,932,000 | -39.3% | 72,342 | -29.3% | 0.71% | -31.4% |
| F | Sell | Ford Motor Co. | $4,726,000 | -49.0% | 319,509 | -40.5% | 0.68% | -42.3% |
| RDSA | Sell | Royal Dutch Shell PLC ADR A | $4,300,000 | -8.6% | 56,481 | -1.2% | 0.62% | +3.3% |
| MTB | Sell | M&T Bank Corp. | $4,121,000 | -8.7% | 33,424 | -8.1% | 0.59% | +3.3% |
| ORCL | Sell | Oracle Corp. | $3,951,000 | -10.3% | 103,225 | -5.0% | 0.57% | +1.4% |
| FNB | Sell | F.N.B. Corp. | $3,909,000 | -8.4% | 326,002 | -2.1% | 0.56% | +3.7% |
| SMFG | New | Sumitomo MITSUI-SPONS ADR | $3,804,000 | – | 463,863 | – | 0.55% | – |
| ICL | New | Israel Chemicals Ltd. | $3,743,000 | – | 517,699 | – | 0.54% | – |
| CCU | Buy | Cia Cervecerias Unidas - ADR | $3,096,000 | +346.8% | 140,547 | +374.8% | 0.44% | +405.7% |
| SHG | Sell | Shinhan Financial Group - ADR | $2,819,000 | -25.6% | 62,006 | -25.0% | 0.40% | -16.0% |
| IBN | Sell | ICICI Bank Ltd. - ADR | $2,614,000 | -27.8% | 53,246 | -26.6% | 0.38% | -18.3% |
| VIV | Sell | Telefonica Brasil SA - ADR | $1,934,000 | -79.8% | 98,295 | -79.0% | 0.28% | -77.2% |
| SSL | Sell | Sasol Ltd. - ADR | $1,229,000 | -22.3% | 22,549 | -15.7% | 0.18% | -11.9% |
| NVS | Sell | Novartis AG - ADR | $762,000 | +0.7% | 8,100 | -3.1% | 0.11% | +13.5% |
| SBS | Sell | CIA Saneamento Basico De - ADR | $729,000 | -84.9% | 89,906 | -80.1% | 0.10% | -82.9% |
| CHL | Buy | China Mobile HK Ltd. - ADR | $678,000 | +23.0% | 11,543 | +1.8% | 0.10% | +38.6% |
| PFE | Exit | Pfizer Inc. | $0 | – | -6,993 | – | -0.03% | – |
| ACETQ | Exit | Aceto Corp. | $0 | – | -11,851 | – | -0.03% | – |
| TM | Exit | Toyota Motor Corp. - ADR | $0 | – | -22,455 | – | -0.34% | – |
| PUK | Exit | Prudential PLC - ADR | $0 | – | -101,717 | – | -0.59% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TEVA | New | Teva Pharmaceutical - ADR | $35,378,000 | – | 674,888 | – | 4.49% | – |
| CAG | New | Conagra Foods Inc. | $33,520,000 | – | 1,129,391 | – | 4.26% | – |
| PNC | New | PNC Financial Services Group Inc. | $30,721,000 | – | 344,989 | – | 3.90% | – |
| APA | New | Apache Corp. | $28,237,000 | – | 280,633 | – | 3.59% | – |
| MET | New | Metlife Inc. | $26,808,000 | – | 482,497 | – | 3.40% | – |
| MDT | New | Medtronic Inc. | $26,283,000 | – | 412,222 | – | 3.34% | – |
| BG | New | Bunge Ltd. | $24,932,000 | – | 329,615 | – | 3.17% | – |
| FCX | New | Freeport-McMoRan Copper & Gold Inc. | $24,737,000 | – | 677,728 | – | 3.14% | – |
| BAX | New | Baxter International Inc. | $24,397,000 | – | 337,444 | – | 3.10% | – |
| F113PS | New | Covidien PLC | $23,916,000 | – | 265,207 | – | 3.04% | – |
| MSFT | New | Microsoft Corp. | $23,546,000 | – | 564,657 | – | 2.99% | – |
| CHKP | New | Check Point Software Technologies Ltd. | $21,664,000 | – | 323,205 | – | 2.75% | – |
| WAG | New | Walgreen Co. | $18,644,000 | – | 251,502 | – | 2.37% | – |
| BHI | New | Baker Hughes Inc. | $17,702,000 | – | 237,772 | – | 2.25% | – |
| JNJ | New | Johnson & Johnson | $17,139,000 | – | 163,824 | – | 2.18% | – |
| AVT | New | Avnet Inc. | $17,025,000 | – | 384,216 | – | 2.16% | – |
| R | New | Ryder System Inc. | $16,112,000 | – | 182,905 | – | 2.05% | – |
| STT | New | State Street Corp. | $15,462,000 | – | 229,877 | – | 1.96% | – |
| MOS | New | The Mosaic Co. | $15,019,000 | – | 303,714 | – | 1.91% | – |
| JBL | New | Jabil Circuit Inc. | $14,861,000 | – | 711,076 | – | 1.89% | – |
| DBD | New | Diebold Inc. | $14,688,000 | – | 365,650 | – | 1.87% | – |
| TDW | New | Tidewater Inc. | $14,548,000 | – | 259,100 | – | 1.85% | – |
| SEM | New | Select Medical Holdings Corp. | $14,029,000 | – | 899,302 | – | 1.78% | – |
| TUP | New | Tupperware Brands Corp. | $13,635,000 | – | 162,899 | – | 1.73% | – |
| RGA | New | Reinsurance Group of America | $13,045,000 | – | 165,339 | – | 1.66% | – |
| NSC | New | Norfolk Southern Corp. | $12,696,000 | – | 123,225 | – | 1.61% | – |
| PPL | New | PPL Corp. | $11,690,000 | – | 329,023 | – | 1.48% | – |
| COP | New | ConocoPhillips | $11,441,000 | – | 133,458 | – | 1.45% | – |
| CSX | New | CSX Corporation | $10,544,000 | – | 342,214 | – | 1.34% | – |
| ANF | New | Abercombie & Fitch Co. Cl A | $10,359,000 | – | 239,519 | – | 1.32% | – |
| MRK | New | Merck & Co. Inc. | $10,144,000 | – | 175,342 | – | 1.29% | – |
| TDC | New | Teradata Corp. | $9,871,000 | – | 245,545 | – | 1.25% | – |
| DOX | New | Amdocs Ltd. | $9,655,000 | – | 208,390 | – | 1.23% | – |
| SWK | New | Stanley Black & Decker Inc. | $9,636,000 | – | 109,720 | – | 1.22% | – |
| VIV | New | Telefonica Brasil SA - ADR | $9,583,000 | – | 467,217 | – | 1.22% | – |
| TAP | New | Molson Coors Brewing Co. - B | $9,381,000 | – | 126,501 | – | 1.19% | – |
| F | New | Ford Motor Co. | $9,261,000 | – | 537,199 | – | 1.18% | – |
| MAT | New | Mattel Inc. | $9,238,000 | – | 237,062 | – | 1.17% | – |
| HWC | New | Hancock Holding Co. | $8,359,000 | – | 236,653 | – | 1.06% | – |
| KN | New | Knowles Corp. | $8,339,000 | – | 271,289 | – | 1.06% | – |
| DVN | New | Devon Energy Corp. | $8,125,000 | – | 102,327 | – | 1.03% | – |
| CAH | New | Cardinal Health Inc. | $7,499,000 | – | 109,372 | – | 0.95% | – |
| COH | New | Coach Inc. | $7,360,000 | – | 215,274 | – | 0.94% | – |
| DD | New | Du Pont (E.I.) De Nemours | $7,279,000 | – | 111,227 | – | 0.92% | – |
| PTR | New | Petrochina Co. Ltd. - ADR | $6,726,000 | – | 53,570 | – | 0.85% | – |
| SNY | New | Sanofi - ADR | $5,327,000 | – | 100,179 | – | 0.68% | – |
| SBS | New | CIA Saneamento Basico De - ADR | $4,840,000 | – | 451,456 | – | 0.62% | – |
| RDSA | New | Royal Dutch Shell PLC ADR A | $4,707,000 | – | 57,145 | – | 0.60% | – |
| PUK | New | Prudential PLC - ADR | $4,667,000 | – | 101,717 | – | 0.59% | – |
| KT | New | KT Corp. - ADR | $4,621,000 | – | 305,189 | – | 0.59% | – |
| MTB | New | M&T Bank Corp. | $4,513,000 | – | 36,384 | – | 0.57% | – |
| ORCL | New | Oracle Corp. | $4,405,000 | – | 108,685 | – | 0.56% | – |
| FNB | New | F.N.B. Corp. | $4,269,000 | – | 333,002 | – | 0.54% | – |
| JCI | New | Johnson Controls Inc. | $4,028,000 | – | 80,678 | – | 0.51% | – |
| KO | New | Coca Cola Co. | $3,970,000 | – | 93,720 | – | 0.50% | – |
| SHG | New | Shinhan Financial Group - ADR | $3,791,000 | – | 82,673 | – | 0.48% | – |
| IBN | New | ICICI Bank Ltd. - ADR | $3,622,000 | – | 72,580 | – | 0.46% | – |
| TM | New | Toyota Motor Corp. - ADR | $2,687,000 | – | 22,455 | – | 0.34% | – |
| MDLZ | New | Mondelez International Inc. | $2,078,000 | – | 55,256 | – | 0.26% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $2,066,000 | – | 16,323 | – | 0.26% | – |
| SSL | New | Sasol Ltd. - ADR | $1,581,000 | – | 26,749 | – | 0.20% | – |
| WMT | New | Wal-Mart Stores Inc. | $1,498,000 | – | 19,950 | – | 0.19% | – |
| XOM | New | Exxon Mobil Corp. | $1,121,000 | – | 11,131 | – | 0.14% | – |
| KRFT | New | Kraft Foods Group Inc. | $1,104,000 | – | 18,418 | – | 0.14% | – |
| MMM | New | 3M Co. | $863,000 | – | 6,024 | – | 0.11% | – |
| PG | New | Procter & Gamble Co. | $830,000 | – | 10,563 | – | 0.10% | – |
| NVS | New | Novartis AG - ADR | $757,000 | – | 8,359 | – | 0.10% | – |
| BDX | New | Becton Dickinson & Co. | $745,000 | – | 6,300 | – | 0.10% | – |
| ABBV | New | AbbVie Inc. | $689,000 | – | 12,200 | – | 0.09% | – |
| CCU | New | Cia Cervecerias Unidas - ADR | $693,000 | – | 29,600 | – | 0.09% | – |
| IVV | New | IShares S&P 500 Index Fund | $611,000 | – | 3,100 | – | 0.08% | – |
| UTX | New | United Technologies Corp. | $599,000 | – | 5,185 | – | 0.08% | – |
| IBM | New | IBM | $567,000 | – | 3,126 | – | 0.07% | – |
| CHL | New | China Mobile HK Ltd. - ADR | $551,000 | – | 11,343 | – | 0.07% | – |
| ABT | New | Abbott Laboratories | $499,000 | – | 12,200 | – | 0.06% | – |
| USB | New | U.S. Bancorp. | $414,000 | – | 9,553 | – | 0.05% | – |
| WFC | New | Wells Fargo Co. | $390,000 | – | 7,421 | – | 0.05% | – |
| JPM | New | JPMorgan Chase & Co. | $258,000 | – | 4,471 | – | 0.03% | – |
| CMA | New | Comerica Inc. | $242,000 | – | 4,820 | – | 0.03% | – |
| ACETQ | New | Aceto Corp. | $215,000 | – | 11,851 | – | 0.03% | – |
| PFE | New | Pfizer Inc. | $208,000 | – | 6,993 | – | 0.03% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ACETQ | Exit | Aceto Corp. | $0 | – | -11,851 | – | -0.02% | – |
| PFE | Exit | Pfizer Inc. | $0 | – | -6,993 | – | -0.03% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -4,471 | – | -0.03% | – |
| WFC | Exit | Wells Fargo Co. | $0 | – | -7,421 | – | -0.04% | – |
| USB | Exit | U.S. Bancorp. | $0 | – | -9,553 | – | -0.05% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -12,570 | – | -0.05% | – |
| IVV | Exit | IShares S&P 500 Index Fund | $0 | – | -3,100 | – | -0.07% | – |
| UTX | Exit | United Technologies Corp. | $0 | – | -5,185 | – | -0.07% | – |
| ABBV | Exit | AbbVie Inc. | $0 | – | -12,570 | – | -0.07% | – |
| IBM | Exit | IBM | $0 | – | -3,126 | – | -0.08% | – |
| BDX | Exit | Becton Dickinson & Co. | $0 | – | -6,300 | – | -0.08% | – |
| NVS | Exit | Novartis AG - ADR | $0 | – | -8,619 | – | -0.09% | – |
| MMM | Exit | 3M Co. | $0 | – | -6,424 | – | -0.10% | – |
| PG | Exit | Procter & Gamble Co. | $0 | – | -10,563 | – | -0.10% | – |
| XOM | Exit | Exxon Mobil Corp. | $0 | – | -11,131 | – | -0.12% | – |
| KRFT | Exit | Kraft Foods Group Inc. | $0 | – | -18,418 | – | -0.13% | – |
| SBS | Exit | CIA Saneamento Basico De - ADR | $0 | – | -107,442 | – | -0.14% | – |
| WMT | Exit | Wal-Mart Stores Inc. | $0 | – | -19,950 | – | -0.19% | – |
| CHL | Exit | China Mobile HK Ltd. - ADR | $0 | – | -29,063 | – | -0.21% | – |
| MDLZ | Exit | Mondelez International Inc. | $0 | – | -55,256 | – | -0.23% | – |
| SSL | Exit | Sasol Ltd. - ADR | $0 | – | -37,449 | – | -0.23% | – |
| BRKB | Exit | Berkshire Hathaway Inc. CL B | $0 | – | -16,323 | – | -0.24% | – |
| IBN | Exit | ICICI Bank Ltd. - ADR | $0 | – | -82,000 | – | -0.33% | – |
| TM | Exit | Toyota Motor Corp. - ADR | $0 | – | -19,800 | – | -0.33% | – |
| SHG | Exit | Shinhan Financial Group - ADR | $0 | – | -62,737 | – | -0.33% | – |
| DWA | Exit | Dreamworks Animation | $0 | – | -96,826 | – | -0.36% | – |
| SIEGY | Exit | Siemens AG-ADR | $0 | – | -24,356 | – | -0.38% | – |
| SNN | Exit | Smith & Nephew PLC - ADR | $0 | – | -50,698 | – | -0.41% | – |
| BBL | Exit | BHP Billiton PLC-ADR | $0 | – | -57,386 | – | -0.44% | – |
| RFP | Exit | Resolute Forest Products | $0 | – | -251,344 | – | -0.45% | – |
| RDSA | Exit | Royal Dutch Shell PLC ADR A | $0 | – | -52,774 | – | -0.45% | – |
| ABB | Exit | ABB Ltd. ADR | $0 | – | -148,526 | – | -0.46% | – |
| KO | Exit | Coca Cola Co. | $0 | – | -93,720 | – | -0.46% | – |
| UL | Exit | Unilever PLC - ADR | $0 | – | -92,482 | – | -0.47% | – |
| PUK | Exit | Prudential PLC - ADR | $0 | – | -95,936 | – | -0.47% | – |
| FNB | Exit | F.N.B. Corp. | $0 | – | -303,500 | – | -0.48% | – |
| KT | Exit | KT Corp. - ADR | $0 | – | -232,996 | – | -0.51% | – |
| SEM | Exit | Select Medical Holdings Corp. | $0 | – | -494,200 | – | -0.52% | – |
| EMR | Exit | Emerson Electric Co. | $0 | – | -67,780 | – | -0.57% | – |
| SNY | Exit | Sanofi - ADR | $0 | – | -90,797 | – | -0.60% | – |
| TDW | Exit | Tidewater Inc. | $0 | – | -77,700 | – | -0.60% | – |
| MTB | Exit | M&T Bank Corp. | $0 | – | -43,561 | – | -0.64% | – |
| EXC | Exit | Exelon Corp. | $0 | – | -186,480 | – | -0.72% | – |
| PTR | Exit | Petrochina Co. Ltd. - ADR | $0 | – | -51,818 | – | -0.74% | – |
| NWL | Exit | Newell Rubbermaid Inc. | $0 | – | -254,644 | – | -0.91% | – |
| JCI | Exit | Johnson Controls Inc. | $0 | – | -173,590 | – | -0.94% | – |
| BRKA | Exit | Berkshire Hathaway Inc.-CL A | $0 | – | -43 | – | -0.96% | – |
| HWC | Exit | Hancock Holding Co. | $0 | – | -244,351 | – | -1.00% | – |
| TAP | Exit | Molson Coors Brewing Co. - B | $0 | – | -155,853 | – | -1.02% | – |
| DD | Exit | Du Pont (E.I.) De Nemours | $0 | – | -145,286 | – | -1.11% | – |
| COH | Exit | Coach Inc. | $0 | – | -161,148 | – | -1.15% | – |
| VIV | Exit | Telefonica Brasilsa - ADR | $0 | – | -407,462 | – | -1.19% | – |
| DOX | Exit | Amdocs Ltd. | $0 | – | -258,937 | – | -1.24% | – |
| CSX | Exit | CSX Corporation | $0 | – | -376,981 | – | -1.27% | – |
| DOV | Exit | Dover Corp. | $0 | – | -112,137 | – | -1.32% | – |
| COP | Exit | ConocoPhillips | $0 | – | -148,472 | – | -1.35% | – |
| STT | Exit | State Street Corp. | $0 | – | -158,338 | – | -1.36% | – |
| HAS | Exit | Hasbro Inc. | $0 | – | -229,072 | – | -1.41% | – |
| TUP | Exit | Tupperware Brands Corp. | $0 | – | -128,636 | – | -1.45% | – |
| MRK | Exit | Merck & Co. Inc. | $0 | – | -249,889 | – | -1.55% | – |
| NSC | Exit | Norfolk Southern Corp. | $0 | – | -159,912 | – | -1.61% | – |
| RGA | Exit | Reinsurance Group of America | $0 | – | -189,105 | – | -1.65% | – |
| DBD | Exit | Diebold Inc. | $0 | – | -439,938 | – | -1.69% | – |
| JBL | Exit | Jabil Circuit Inc. | $0 | – | -691,330 | – | -1.96% | – |
| ORCL | Exit | Oracle Corp. | $0 | – | -484,450 | – | -2.10% | – |
| DVN | Exit | Devon Energy Corp. | $0 | – | -281,540 | – | -2.12% | – |
| MDT | Exit | Medtronic Inc. | $0 | – | -321,683 | – | -2.24% | – |
| AVT | Exit | Avnet Inc. | $0 | – | -413,330 | – | -2.25% | – |
| F113PS | Exit | Covidien PLC | $0 | – | -285,693 | – | -2.27% | – |
| WAG | Exit | Walgreen Co. | $0 | – | -327,280 | – | -2.30% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -204,087 | – | -2.31% | – |
| MOS | Exit | The Mosaic Co. | $0 | – | -425,734 | – | -2.39% | – |
| PPL | Exit | PPL Corp. | $0 | – | -638,504 | – | -2.53% | – |
| CAG | Exit | Conagra Foods Inc. | $0 | – | -659,183 | – | -2.61% | – |
| CHKP | Exit | Check Point Software Technologies Ltd. | $0 | – | -383,488 | – | -2.83% | – |
| MET | Exit | Metlife Inc. | $0 | – | -469,813 | – | -2.88% | – |
| APA | Exit | Apache Corp. | $0 | – | -286,103 | – | -3.18% | – |
| R | Exit | Ryder System Inc. | $0 | – | -414,468 | – | -3.23% | – |
| PNC | Exit | PNC Financial Services Group Inc. | $0 | – | -342,351 | – | -3.24% | – |
| FCX | Exit | Freeport-McMoRan Copper & Gold Inc. | $0 | – | -793,158 | – | -3.42% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -810,671 | – | -3.52% | – |
| BG | Exit | Bunge Ltd. | $0 | – | -371,670 | – | -3.68% | – |
| TEVA | Exit | Teva Pharmaceutical - ADR | $0 | – | -780,584 | – | -3.85% | – |
| CAH | Exit | Cardinal Health Inc. | $0 | – | -571,716 | – | -3.89% | – |
| BHI | Exit | Baker Hughes Inc. | $0 | – | -612,375 | – | -3.92% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BHI | Buy | Baker Hughes Inc. | $30,068,000 | +44.7% | 612,375 | +36.0% | 3.92% | +26.9% |
| CAH | Sell | Cardinal Health Inc. | $29,815,000 | -1.1% | 571,716 | -10.5% | 3.89% | -13.3% |
| TEVA | New | Teva Pharmaceutical - ADR | $29,490,000 | – | 780,584 | – | 3.85% | – |
| BG | New | Bunge Ltd. | $28,213,000 | – | 371,670 | – | 3.68% | – |
| MSFT | Buy | Microsoft Corp. | $27,003,000 | +26.0% | 810,671 | +30.6% | 3.52% | +10.5% |
| FCX | Sell | Freeport-McMoRan Copper & Gold Inc. | $26,238,000 | +11.5% | 793,158 | -7.0% | 3.42% | -2.3% |
| PNC | Sell | PNC Financial Services Group Inc. | $24,803,000 | -1.5% | 342,351 | -0.9% | 3.24% | -13.7% |
| R | Sell | Ryder System Inc. | $24,744,000 | -6.5% | 414,468 | -4.7% | 3.23% | -18.0% |
| APA | Sell | Apache Corp. | $24,359,000 | -20.5% | 286,103 | -21.7% | 3.18% | -30.3% |
| MET | Sell | Metlife Inc. | $22,058,000 | -6.4% | 469,813 | -8.8% | 2.88% | -17.9% |
| CHKP | New | Check Point Software Technologies Ltd. | $21,690,000 | – | 383,488 | – | 2.83% | – |
| CAG | Buy | Conagra Foods Inc. | $20,000,000 | +82.2% | 659,183 | +109.7% | 2.61% | +59.7% |
| PPL | Sell | PPL Corp. | $19,398,000 | -6.2% | 638,504 | -6.5% | 2.53% | -17.7% |
| MOS | Sell | The Mosaic Co. | $18,315,000 | -20.5% | 425,734 | -0.5% | 2.39% | -30.3% |
| JNJ | Sell | Johnson & Johnson | $17,692,000 | -17.4% | 204,087 | -18.2% | 2.31% | -27.6% |
| WAG | Buy | Walgreen Co. | $17,608,000 | +42.2% | 327,280 | +16.8% | 2.30% | +24.7% |
| F113PS | New | Covidien PLC | $17,410,000 | – | 285,693 | – | 2.27% | – |
| AVT | Sell | Avnet Inc. | $17,240,000 | -9.3% | 413,330 | -26.9% | 2.25% | -20.5% |
| MDT | Sell | Medtronic Inc. | $17,130,000 | -14.9% | 321,683 | -17.7% | 2.24% | -25.3% |
| DVN | Buy | Devon Energy Corp. | $16,262,000 | +27.5% | 281,540 | +14.5% | 2.12% | +11.7% |
| ORCL | Sell | Oracle Corp. | $16,069,000 | -3.2% | 484,450 | -10.4% | 2.10% | -15.1% |
| JBL | Sell | Jabil Circuit Inc. | $14,988,000 | -5.9% | 691,330 | -11.6% | 1.96% | -17.5% |
| DBD | Buy | Diebold Inc. | $12,917,000 | +125.4% | 439,938 | +158.6% | 1.69% | +97.7% |
| RGA | Buy | Reinsurance Group of America | $12,668,000 | +39.0% | 189,105 | +43.4% | 1.65% | +21.8% |
| NSC | Buy | Norfolk Southern Corp. | $12,369,000 | +41.2% | 159,912 | +32.6% | 1.61% | +23.8% |
| MRK | Sell | Merck & Co. Inc. | $11,897,000 | -13.4% | 249,889 | -15.5% | 1.55% | -24.1% |
| TUP | Sell | Tupperware Brands Corp. | $11,110,000 | +4.1% | 128,636 | -6.3% | 1.45% | -8.7% |
| HAS | Sell | Hasbro Inc. | $10,798,000 | -4.1% | 229,072 | -8.8% | 1.41% | -16.0% |
| STT | Sell | State Street Corp. | $10,411,000 | -11.1% | 158,338 | -11.9% | 1.36% | -22.1% |
| COP | Sell | ConocoPhillips | $10,320,000 | +0.0% | 148,472 | -13.0% | 1.35% | -12.3% |
| DOV | Sell | Dover Corp. | $10,073,000 | +3.0% | 112,137 | -10.9% | 1.32% | -9.7% |
| CSX | Sell | CSX Corporation | $9,703,000 | +3.7% | 376,981 | -6.6% | 1.27% | -9.1% |
| DOX | Sell | Amdocs Ltd. | $9,487,000 | -18.5% | 258,937 | -17.5% | 1.24% | -28.6% |
| VIV | New | Telefonica Brasilsa - ADR | $9,143,000 | – | 407,462 | – | 1.19% | – |
| COH | Buy | Coach Inc. | $8,787,000 | +0.1% | 161,148 | +4.8% | 1.15% | -12.2% |
| DD | Sell | Du Pont (E.I.) De Nemours | $8,508,000 | -38.2% | 145,286 | -44.6% | 1.11% | -45.9% |
| TAP | Sell | Molson Coors Brewing Co. - B | $7,813,000 | -13.5% | 155,853 | -17.5% | 1.02% | -24.2% |
| HWC | Sell | Hancock Holding Co. | $7,668,000 | -10.1% | 244,351 | -13.8% | 1.00% | -21.1% |
| JCI | Sell | Johnson Controls Inc. | $7,204,000 | -4.2% | 173,590 | -17.4% | 0.94% | -16.0% |
| NWL | Sell | Newell Rubbermaid Inc. | $7,003,000 | -6.1% | 254,644 | -10.3% | 0.91% | -17.7% |
| PTR | New | Petrochina Co. Ltd. - ADR | $5,697,000 | – | 51,818 | – | 0.74% | – |
| EXC | Sell | Exelon Corp. | $5,527,000 | -9.6% | 186,480 | -5.9% | 0.72% | -20.9% |
| MTB | Buy | M&T Bank Corp. | $4,875,000 | +11.3% | 43,561 | +11.2% | 0.64% | -2.5% |
| TDW | Sell | Tidewater Inc. | $4,607,000 | -18.1% | 77,700 | -21.3% | 0.60% | -28.2% |
| SNY | New | Sanofi - ADR | $4,597,000 | – | 90,797 | – | 0.60% | – |
| EMR | Sell | Emerson Electric Co. | $4,385,000 | +3.4% | 67,780 | -12.8% | 0.57% | -9.4% |
| SEM | New | Select Medical Holdings Corp. | $3,988,000 | – | 494,200 | – | 0.52% | – |
| KT | New | KT Corp. - ADR | $3,907,000 | – | 232,996 | – | 0.51% | – |
| FNB | Sell | F.N.B. Corp. | $3,681,000 | -18.3% | 303,500 | -18.6% | 0.48% | -28.5% |
| PUK | New | Prudential PLC - ADR | $3,581,000 | – | 95,936 | – | 0.47% | – |
| UL | New | Unilever PLC - ADR | $3,568,000 | – | 92,482 | – | 0.47% | – |
| ABB | New | ABB Ltd. ADR | $3,504,000 | – | 148,526 | – | 0.46% | – |
| RDSA | New | Royal Dutch Shell PLC ADR A | $3,466,000 | – | 52,774 | – | 0.45% | – |
| BBL | New | BHP Billiton PLC-ADR | $3,378,000 | – | 57,386 | – | 0.44% | – |
| SNN | New | Smith & Nephew PLC - ADR | $3,165,000 | – | 50,698 | – | 0.41% | – |
| SIEGY | New | Siemens AG-ADR | $2,935,000 | – | 24,356 | – | 0.38% | – |
| DWA | Sell | Dreamworks Animation | $2,756,000 | -85.2% | 96,826 | -86.6% | 0.36% | -87.0% |
| SHG | New | Shinhan Financial Group - ADR | $2,541,000 | – | 62,737 | – | 0.33% | – |
| TM | New | Toyota Motor Corp. - ADR | $2,535,000 | – | 19,800 | – | 0.33% | – |
| IBN | New | ICICI Bank Ltd. - ADR | $2,499,000 | – | 82,000 | – | 0.33% | – |
| SSL | New | Sasol Ltd. - ADR | $1,790,000 | – | 37,449 | – | 0.23% | – |
| CHL | New | China Mobile HK Ltd. - ADR | $1,640,000 | – | 29,063 | – | 0.21% | – |
| SBS | New | CIA Saneamento Basico De - ADR | $1,070,000 | – | 107,442 | – | 0.14% | – |
| XOM | Sell | Exxon Mobil Corp. | $958,000 | -19.2% | 11,131 | -15.2% | 0.12% | -29.4% |
| NVS | New | Novartis AG - ADR | $661,000 | – | 8,619 | – | 0.09% | – |
| PFE | New | Pfizer Inc. | $201,000 | – | 6,993 | – | 0.03% | – |
| WRESQ | Exit | Warren Resources Inc. | $0 | – | -16,000 | – | -0.01% | – |
| KR | Exit | Kroger Co. | $0 | – | -286,180 | – | -1.47% | – |
| ADM | Exit | Archer-Daniels-Midland Co. | $0 | – | -304,416 | – | -1.54% | – |
| PEP | Exit | Pepsico Inc. | $0 | – | -126,717 | – | -1.54% | – |
| T | Exit | AT&T Inc. | $0 | – | -345,742 | – | -1.82% | – |
| MHFI | Exit | McGraw-Hill Financial Inc. | $0 | – | -311,393 | – | -2.46% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| APA | New | Apache Corp. | $30,649,000 | – | 365,604 | – | 4.56% | – |
| CAH | New | Cardinal Health Inc. | $30,145,000 | – | 638,671 | – | 4.49% | – |
| R | New | Ryder System Inc. | $26,452,000 | – | 435,133 | – | 3.94% | – |
| PNC | New | PNC Financial Services | $25,185,000 | – | 345,385 | – | 3.75% | – |
| MET | New | Metlife Inc. | $23,566,000 | – | 514,983 | – | 3.51% | – |
| FCX | New | Freeport-McMoRan Copper | $23,539,000 | – | 852,551 | – | 3.50% | – |
| MOS | New | The Mosaic Co. | $23,024,000 | – | 427,877 | – | 3.43% | – |
| MSFT | New | Microsoft Corp. | $21,426,000 | – | 620,495 | – | 3.19% | – |
| JNJ | New | Johnson & Johnson | $21,421,000 | – | 249,486 | – | 3.19% | – |
| BHI | New | Baker Hughes Inc. | $20,776,000 | – | 450,386 | – | 3.09% | – |
| PPL | New | PPL Corp. | $20,670,000 | – | 683,074 | – | 3.08% | – |
| MDT | New | Medtronic Inc. | $20,119,000 | – | 390,897 | – | 3.00% | – |
| AVT | New | Avnet Inc. | $19,004,000 | – | 565,592 | – | 2.83% | – |
| DWA | New | Dreamworks Animation | $18,580,000 | – | 724,071 | – | 2.77% | – |
| ORCL | New | Oracle Corp. | $16,604,000 | – | 540,510 | – | 2.47% | – |
| MHFI | New | McGraw-Hill Financial Inc. | $16,563,000 | – | 311,393 | – | 2.46% | – |
| JBL | New | Jabil Circuit Inc. | $15,932,000 | – | 781,750 | – | 2.37% | – |
| DD | New | Du Pont (E.I.) De Nemours | $13,775,000 | – | 262,386 | – | 2.05% | – |
| MRK | New | Merck & Co. Inc. | $13,743,000 | – | 295,859 | – | 2.05% | – |
| DVN | New | Devon Energy Corp. | $12,758,000 | – | 245,917 | – | 1.90% | – |
| WAG | New | Walgreen Co. | $12,381,000 | – | 280,104 | – | 1.84% | – |
| T | New | AT&T Inc. | $12,239,000 | – | 345,742 | – | 1.82% | – |
| STT | New | State Street Corp. | $11,714,000 | – | 179,628 | – | 1.74% | – |
| DOX | New | Amdocs Ltd. | $11,643,000 | – | 313,917 | – | 1.73% | – |
| HAS | New | Hasbro Inc. | $11,264,000 | – | 251,265 | – | 1.68% | – |
| CAG | New | Conagra Foods Inc. | $10,979,000 | – | 314,308 | – | 1.63% | – |
| TUP | New | Tupperware Brands Corp. | $10,668,000 | – | 137,315 | – | 1.59% | – |
| PEP | New | Pepsico Inc. | $10,364,000 | – | 126,717 | – | 1.54% | – |
| ADM | New | Archer-Daniels-Midland Co. | $10,323,000 | – | 304,416 | – | 1.54% | – |
| COP | New | ConocoPhillips | $10,319,000 | – | 170,562 | – | 1.54% | – |
| KR | New | Kroger Co. | $9,885,000 | – | 286,180 | – | 1.47% | – |
| DOV | New | Dover Corp. | $9,779,000 | – | 125,921 | – | 1.46% | – |
| CSX | New | CSX Corporation | $9,356,000 | – | 403,444 | – | 1.39% | – |
| RGA | New | Reinsurance Group of America | $9,116,000 | – | 131,903 | – | 1.36% | – |
| TAP | New | Molson Coors Brewing Co. - B | $9,037,000 | – | 188,823 | – | 1.34% | – |
| COH | New | Coach Inc. | $8,779,000 | – | 153,766 | – | 1.31% | – |
| NSC | New | Norfolk Southern Corp. | $8,760,000 | – | 120,582 | – | 1.30% | – |
| HWC | New | Hancock Holding Co. | $8,526,000 | – | 283,541 | – | 1.27% | – |
| JCI | New | Johnson Controls Inc. | $7,518,000 | – | 210,050 | – | 1.12% | – |
| NWL | New | Newell Rubbermaid Inc. | $7,456,000 | – | 284,034 | – | 1.11% | – |
| BRKA | New | Berkshire Hathaway Inc.-CL A | $7,250,000 | – | 43 | – | 1.08% | – |
| EXC | New | Exelon Corp. | $6,117,000 | – | 198,090 | – | 0.91% | – |
| DBD | New | Diebold Inc. | $5,731,000 | – | 170,120 | – | 0.85% | – |
| TDW | New | Tidewater Inc. | $5,623,000 | – | 98,700 | – | 0.84% | – |
| FNB | New | F.N.B. Corp. | $4,507,000 | – | 373,070 | – | 0.67% | – |
| MTB | New | M&T Bank Corp. | $4,380,000 | – | 39,191 | – | 0.65% | – |
| EMR | New | Emerson Electric Co. | $4,239,000 | – | 77,720 | – | 0.63% | – |
| KO | New | Coca Cola Co. | $3,759,000 | – | 93,720 | – | 0.56% | – |
| RFP | New | Resolute Forest Products | $3,310,000 | – | 251,344 | – | 0.49% | – |
| BRKB | New | Berkshire Hathaway Inc. CL B | $1,827,000 | – | 16,323 | – | 0.27% | – |
| MDLZ | New | Mondelez International Inc. | $1,576,000 | – | 55,256 | – | 0.24% | – |
| WMT | New | Wal-Mart Stores Inc. | $1,486,000 | – | 19,950 | – | 0.22% | – |
| XOM | New | Exxon Mobil Corp. | $1,186,000 | – | 13,131 | – | 0.18% | – |
| KRFT | New | Kraft Foods Group Inc. | $1,029,000 | – | 18,418 | – | 0.15% | – |
| PG | New | Procter & Gamble Co. | $813,000 | – | 10,563 | – | 0.12% | – |
| MMM | New | 3M Co. | $702,000 | – | 6,424 | – | 0.10% | – |
| BDX | New | Becton Dickinson & Co. | $623,000 | – | 6,300 | – | 0.09% | – |
| IBM | New | IBM | $597,000 | – | 3,126 | – | 0.09% | – |
| ABBV | New | AbbVie Inc. | $520,000 | – | 12,570 | – | 0.08% | – |
| IVV | New | IShares S&P 500 Index Fund | $499,000 | – | 3,100 | – | 0.07% | – |
| UTX | New | United Technologies Corp. | $482,000 | – | 5,185 | – | 0.07% | – |
| ABT | New | Abbott Laboratories | $438,000 | – | 12,570 | – | 0.06% | – |
| USB | New | U.S. Bancorp. | $345,000 | – | 9,553 | – | 0.05% | – |
| WFC | New | Wells Fargo Co. | $306,000 | – | 7,421 | – | 0.05% | – |
| JPM | New | JPMorgan Chase & Co. | $236,000 | – | 4,471 | – | 0.04% | – |
| ACETQ | New | Aceto Corp. | $165,000 | – | 11,851 | – | 0.02% | – |
| WRESQ | New | Warren Resources Inc. | $41,000 | – | 16,000 | – | 0.01% | – |