Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| JNJ | Sell | Johnson & Johnson | $204,032,500 | +92443.1% | 1,310,000 | -1.7% | 7.26% | -1.8% |
| ANTM | Sell | Elevance Health, Inc. | $203,014,575 | +97235.5% | 466,250 | -0.7% | 7.22% | +3.3% |
| UNH | Sell | UnitedHealth Group Inc. | $203,012,103 | +103614.7% | 402,650 | -1.1% | 7.22% | +10.0% |
| MSFT | Sell | Microsoft Corp. | $196,443,862 | +91269.2% | 622,150 | -1.5% | 6.99% | -3.1% |
| CI | Sell | The Cigna Group | $148,570,454 | +101322.3% | 519,350 | -0.5% | 5.29% | +7.6% |
| MS | Sell | Morgan Stanley | $147,892,119 | +94415.5% | 1,810,850 | -1.2% | 5.26% | +0.2% |
| FDX | Sell | FedEx Corporation | $147,494,210 | +105084.0% | 556,750 | -1.6% | 5.25% | +11.6% |
| FISV | Sell | Fiserv, Inc. | $136,952,704 | +88120.0% | 1,212,400 | -1.5% | 4.87% | -6.4% |
| ORCL | Sell | Oracle Corporation | $135,778,848 | +87575.6% | 1,281,900 | -1.4% | 4.83% | -7.0% |
| MCD | Sell | McDonald's Corporation | $127,728,884 | +87084.6% | 484,850 | -1.2% | 4.54% | -7.5% |
| GS | Buy | The Goldman Sachs Group, Inc. | $121,371,107 | +109993.2% | 375,100 | +9.7% | 4.32% | +16.8% |
| LOW | Sell | Lowe's Companies, Inc. | $107,151,912 | +90805.3% | 515,550 | -1.3% | 3.81% | -3.6% |
| NOC | Sell | Northrop Grumman Corporation | $106,724,065 | +94600.0% | 242,450 | -1.9% | 3.80% | +0.4% |
| PEP | Sell | PepsiCo, Inc. | $104,502,120 | +90107.8% | 616,750 | -1.4% | 3.72% | -4.3% |
| TJX | Sell | The TJX Companies, Inc. | $96,359,252 | +103217.7% | 1,084,150 | -1.4% | 3.43% | +9.6% |
| LMT | Sell | Lockheed Martin Corp. | $92,690,784 | +87532.6% | 226,650 | -1.3% | 3.30% | -7.0% |
| LHX | Buy | L3Harris Technologies, Inc. | $89,062,380 | +112382.3% | 511,500 | +26.5% | 3.17% | +19.3% |
| TGT | Sell | Target Corp. | $83,712,547 | +82431.5% | 757,100 | -1.5% | 2.98% | -12.4% |
| CVS | Sell | CVS Health Corporation | $80,701,447 | +99332.6% | 1,155,850 | -1.6% | 2.87% | +5.5% |
| HD | Sell | The Home Depot, Inc. | $76,053,672 | +95986.8% | 251,700 | -1.2% | 2.71% | +1.9% |
| AXP | Sell | American Express Co. | $74,878,461 | +84331.9% | 501,900 | -1.4% | 2.66% | -10.5% |
| RTX | Sell | RTX Corporation | $63,376,782 | +72364.6% | 880,600 | -1.4% | 2.26% | -23.1% |
| KO | Sell | The Coca-Cola Co. | $62,946,711 | +91371.0% | 1,124,450 | -1.6% | 2.24% | -2.9% |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| JNJ | New | Johnson & Johnson | $220,473 | – | 1,332,000 | – | 7.40% | – |
| MSFT | New | Microsoft Corp. | $215,000 | – | 631,350 | – | 7.21% | – |
| ANTM | New | Elevance Health, Inc. | $208,572 | – | 469,450 | – | 7.00% | – |
| UNH | New | UnitedHealth Group Inc. | $195,741 | – | 407,250 | – | 6.57% | – |
| MS | New | Morgan Stanley | $156,474 | – | 1,832,250 | – | 5.25% | – |
| FISV | New | Fiserv, Inc. | $155,240 | – | 1,230,600 | – | 5.21% | – |
| ORCL | New | Oracle Corporation | $154,865 | – | 1,300,400 | – | 5.20% | – |
| MCD | New | McDonald's Corporation | $146,504 | – | 490,950 | – | 4.91% | – |
| CI | New | The Cigna Group | $146,487 | – | 522,050 | – | 4.91% | – |
| FDX | New | FedEx Corporation | $140,225 | – | 565,650 | – | 4.70% | – |
| LOW | New | Lowe's Companies, Inc. | $117,872 | – | 522,250 | – | 3.95% | – |
| PEP | New | PepsiCo, Inc. | $115,846 | – | 625,450 | – | 3.89% | – |
| NOC | New | Northrop Grumman Corporation | $112,697 | – | 247,250 | – | 3.78% | – |
| GS | New | The Goldman Sachs Group, Inc. | $110,244 | – | 341,800 | – | 3.70% | – |
| LMT | New | Lockheed Martin Corp. | $105,772 | – | 229,750 | – | 3.55% | – |
| TGT | New | Target Corp. | $101,431 | – | 769,000 | – | 3.40% | – |
| TJX | New | The TJX Companies, Inc. | $93,265 | – | 1,099,950 | – | 3.13% | – |
| AXP | New | American Express Co. | $88,685 | – | 509,100 | – | 2.98% | – |
| RTX | New | RTX Corporation | $87,459 | – | 892,800 | – | 2.93% | – |
| CVS | New | CVS Health Corporation | $81,162 | – | 1,174,050 | – | 2.72% | – |
| LHX | New | L3Harris Technologies, Inc. | $79,179 | – | 404,450 | – | 2.66% | – |
| HD | New | The Home Depot, Inc. | $79,151 | – | 254,800 | – | 2.66% | – |
| KO | New | The Coca-Cola Co. | $68,816 | – | 1,142,750 | – | 2.31% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KO | Exit | The Coca-Cola Co. | $0 | – | -1,177,900 | – | -2.36% | – |
| TJX | Exit | The TJX Companies, Inc. | $0 | – | -1,165,850 | – | -2.60% | – |
| AXP | Exit | American Express Co. | $0 | – | -543,050 | – | -2.62% | – |
| HD | Exit | The Home Depot, Inc. | $0 | – | -270,100 | – | -2.67% | – |
| LHX | Exit | L3Harris Technologies, Inc. | $0 | – | -368,850 | – | -2.75% | – |
| RTX | Exit | Raytheon Technologies Corp. | $0 | – | -953,450 | – | -2.80% | – |
| ORCL | Exit | Oracle Corporation | $0 | – | -1,301,900 | – | -2.85% | – |
| FDX | Exit | FedEx Corporation | $0 | – | -605,050 | – | -3.22% | – |
| LMT | Exit | Lockheed Martin Corp. | $0 | – | -243,800 | – | -3.37% | – |
| LOW | Exit | Lowe's Companies, Inc. | $0 | – | -556,400 | – | -3.74% | – |
| PEP | Exit | PepsiCo, Inc. | $0 | – | -644,250 | – | -3.77% | – |
| GS | Exit | The Goldman Sachs Group, Inc. | $0 | – | -359,250 | – | -3.77% | – |
| CVS | Exit | CVS Health Corporation | $0 | – | -1,240,150 | – | -4.24% | – |
| TGT | Exit | Target Corp. | $0 | – | -811,350 | – | -4.31% | – |
| NOC | Exit | Northrop Grumman Corporation | $0 | – | -257,250 | – | -4.34% | – |
| MCD | Exit | McDonald's Corporation | $0 | – | -524,650 | – | -4.34% | – |
| FISV | Exit | Fiserv, Inc. | $0 | – | -1,305,700 | – | -4.38% | – |
| CI | Exit | Cigna Corporation | $0 | – | -547,700 | – | -5.44% | – |
| MS | Exit | Morgan Stanley | $0 | – | -1,948,000 | – | -5.51% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -710,900 | – | -5.93% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -456,650 | – | -8.26% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -1,414,650 | – | -8.28% | – |
| ANTM | Exit | Elevance Health, Inc. | $0 | – | -518,850 | – | -8.44% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ANTM | Sell | Elevance Health, Inc. | $235,682,000 | -8.2% | 518,850 | -2.4% | 8.44% | -4.3% |
| JNJ | Sell | Johnson & Johnson | $231,097,000 | -9.4% | 1,414,650 | -1.5% | 8.28% | -5.5% |
| UNH | Sell | UnitedHealth Group Inc. | $230,627,000 | -3.7% | 456,650 | -2.1% | 8.26% | +0.3% |
| MSFT | Sell | Microsoft Corp. | $165,569,000 | -11.1% | 710,900 | -2.0% | 5.93% | -7.4% |
| MS | Sell | Morgan Stanley | $153,911,000 | +2.1% | 1,948,000 | -1.7% | 5.51% | +6.4% |
| CI | Sell | Cigna Corporation | $151,970,000 | +3.3% | 547,700 | -1.9% | 5.44% | +7.6% |
| FISV | Sell | Fiserv, Inc. | $122,174,000 | +3.7% | 1,305,700 | -1.4% | 4.38% | +8.0% |
| MCD | Sell | McDonald's Corporation | $121,058,000 | -8.4% | 524,650 | -2.0% | 4.34% | -4.6% |
| NOC | Sell | Northrop Grumman Corporation | $120,990,000 | -17.9% | 257,250 | -16.5% | 4.34% | -14.5% |
| TGT | Sell | Target Corp. | $120,396,000 | +3.1% | 811,350 | -1.8% | 4.31% | +7.5% |
| CVS | Sell | CVS Health Corporation | $118,273,000 | +0.6% | 1,240,150 | -2.3% | 4.24% | +4.8% |
| GS | Buy | The Goldman Sachs Group, Inc. | $105,278,000 | +14.8% | 359,250 | +16.4% | 3.77% | +19.7% |
| PEP | Sell | PepsiCo, Inc. | $105,180,000 | -4.0% | 644,250 | -2.0% | 3.77% | +0.1% |
| LOW | Sell | Lowe's Companies, Inc. | $104,497,000 | +5.5% | 556,400 | -1.9% | 3.74% | +9.9% |
| LMT | Sell | Lockheed Martin Corp. | $94,178,000 | -11.8% | 243,800 | -1.9% | 3.37% | -8.1% |
| FDX | Buy | FedEx Corporation | $89,832,000 | -29.1% | 605,050 | +8.3% | 3.22% | -26.1% |
| ORCL | New | Oracle Corporation | $79,507,000 | – | 1,301,900 | – | 2.85% | – |
| RTX | Sell | Raytheon Technologies Corp. | $78,049,000 | -15.8% | 953,450 | -1.2% | 2.80% | -12.3% |
| LHX | Sell | L3Harris Technologies, Inc. | $76,658,000 | -15.9% | 368,850 | -2.1% | 2.75% | -12.3% |
| HD | Sell | The Home Depot, Inc. | $74,531,000 | -1.6% | 270,100 | -2.2% | 2.67% | +2.5% |
| AXP | Sell | American Express Co. | $73,263,000 | -4.6% | 543,050 | -2.0% | 2.62% | -0.6% |
| TJX | Sell | The TJX Companies, Inc. | $72,423,000 | +9.0% | 1,165,850 | -2.0% | 2.60% | +13.7% |
| KO | Sell | The Coca-Cola Co. | $65,986,000 | -12.7% | 1,177,900 | -1.9% | 2.36% | -9.0% |
| BAC | Exit | Bank of America Corporation | $0 | – | -944,900 | – | -1.01% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ANTM | New | Elevance Health, Inc. | $256,636,000 | – | 531,800 | – | 8.82% | – |
| JNJ | New | Johnson & Johnson | $254,940,000 | – | 1,436,200 | – | 8.76% | – |
| UNH | New | UnitedHealth Group Inc. | $239,608,000 | – | 466,500 | – | 8.24% | – |
| MSFT | New | Microsoft Corp. | $186,253,000 | – | 725,200 | – | 6.40% | – |
| MS | New | Morgan Stanley | $150,713,000 | – | 1,981,500 | – | 5.18% | – |
| NOC | New | Northrop Grumman Corporation | $147,400,000 | – | 308,000 | – | 5.07% | – |
| CI | New | Cigna Corporation | $147,176,000 | – | 558,500 | – | 5.06% | – |
| MCD | New | McDonald's Corporation | $132,204,000 | – | 535,500 | – | 4.54% | – |
| FDX | New | FedEx Corporation | $126,686,000 | – | 558,800 | – | 4.36% | – |
| FISV | New | Fiserv, Inc. | $117,832,000 | – | 1,324,400 | – | 4.05% | – |
| CVS | New | CVS Health Corporation | $117,576,000 | – | 1,268,900 | – | 4.04% | – |
| TGT | New | Target Corp. | $116,727,000 | – | 826,500 | – | 4.01% | – |
| PEP | New | PepsiCo, Inc. | $109,512,000 | – | 657,100 | – | 3.76% | – |
| LMT | New | Lockheed Martin Corp. | $106,802,000 | – | 248,400 | – | 3.67% | – |
| LOW | New | Lowe's Companies, Inc. | $99,073,000 | – | 567,200 | – | 3.41% | – |
| RTX | New | Raytheon Technologies Corp. | $92,727,000 | – | 964,800 | – | 3.19% | – |
| GS | New | The Goldman Sachs Group, Inc. | $91,690,000 | – | 308,700 | – | 3.15% | – |
| LHX | New | L3Harris Technologies, Inc. | $91,097,000 | – | 376,900 | – | 3.13% | – |
| AXP | New | American Express Co. | $76,782,000 | – | 553,900 | – | 2.64% | – |
| HD | New | The Home Depot, Inc. | $75,726,000 | – | 276,100 | – | 2.60% | – |
| KO | New | The Coca-Cola Co. | $75,574,000 | – | 1,201,300 | – | 2.60% | – |
| TJX | New | The TJX Companies, Inc. | $66,417,000 | – | 1,189,200 | – | 2.28% | – |
| BAC | New | Bank of America Corporation | $29,415,000 | – | 944,900 | – | 1.01% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| LOW | Exit | Lowe's Companies, Inc. | $0 | – | -315,000 | – | -2.13% | – |
| KO | Exit | The Coca-Cola Co. | $0 | – | -1,232,800 | – | -2.16% | – |
| TJX | Exit | The TJX Companies, Inc. | $0 | – | -1,219,000 | – | -2.68% | – |
| RTX | Exit | Raytheon Technologies Corp. | $0 | – | -989,300 | – | -2.84% | – |
| ZBH | Exit | Zimmer Biomet Holdings, Inc. | $0 | – | -604,500 | – | -2.95% | – |
| FDX | Exit | FedEx Corporation | $0 | – | -412,100 | – | -3.01% | – |
| HD | Exit | The Home Depot, Inc. | $0 | – | -282,600 | – | -3.09% | – |
| LMT | Exit | Lockheed Martin Corp. | $0 | – | -275,700 | – | -3.17% | – |
| LHX | Exit | L3Harris Technologies, Inc. | $0 | – | -432,600 | – | -3.18% | – |
| AXP | Exit | American Express Co. | $0 | – | -572,100 | – | -3.20% | – |
| PEP | Exit | PepsiCo, Inc. | $0 | – | -674,500 | – | -3.38% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -642,500 | – | -3.51% | – |
| CI | Exit | Cigna Corporation | $0 | – | -526,100 | – | -3.51% | – |
| CVS | Exit | CVS Health Corporation | $0 | – | -1,300,800 | – | -3.68% | – |
| GS | Exit | The Goldman Sachs Group, Inc. | $0 | – | -318,900 | – | -4.02% | – |
| NOC | Exit | Northrop Grumman Corp. | $0 | – | -341,600 | – | -4.10% | – |
| MCD | Exit | McDonald's Corp. | $0 | – | -548,500 | – | -4.41% | – |
| BAC | Exit | Bank of America Corporation | $0 | – | -3,142,200 | – | -4.45% | – |
| TGT | Exit | Target Corp. | $0 | – | -708,800 | – | -5.41% | – |
| ANTM | Exit | Anthem, Inc. | $0 | – | -544,700 | – | -6.77% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -527,100 | – | -6.87% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -743,000 | – | -6.98% | – |
| MS | Exit | Morgan Stanley | $0 | – | -2,179,800 | – | -7.07% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -1,380,800 | – | -7.44% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| JNJ | Sell | Johnson & Johnson | $222,999,000 | -5.4% | 1,380,800 | -3.5% | 7.44% | -1.0% |
| MS | Sell | Morgan Stanley | $212,116,000 | +2.8% | 2,179,800 | -3.1% | 7.07% | +7.7% |
| MSFT | Sell | Microsoft Corp. | $209,467,000 | +0.1% | 743,000 | -3.8% | 6.98% | +4.9% |
| UNH | Sell | UnitedHealth Group Inc. | $205,959,000 | -6.2% | 527,100 | -3.8% | 6.87% | -1.7% |
| ANTM | Sell | Anthem, Inc. | $203,064,000 | -5.7% | 544,700 | -3.5% | 6.77% | -1.3% |
| TGT | Sell | Target Corp. | $162,152,000 | -29.7% | 708,800 | -25.7% | 5.41% | -26.3% |
| BAC | Sell | Bank of America Corporation | $133,386,000 | -0.2% | 3,142,200 | -3.1% | 4.45% | +4.5% |
| MCD | Sell | McDonald's Corp. | $132,249,000 | +0.8% | 548,500 | -3.5% | 4.41% | +5.6% |
| NOC | Sell | Northrop Grumman Corp. | $123,027,000 | -3.9% | 341,600 | -3.0% | 4.10% | +0.7% |
| GS | Sell | The Goldman Sachs Group, Inc. | $120,554,000 | -2.5% | 318,900 | -2.1% | 4.02% | +2.1% |
| CVS | Buy | CVS Health Corporation | $110,386,000 | +5.8% | 1,300,800 | +4.0% | 3.68% | +10.8% |
| CI | Buy | Cigna Corporation | $105,304,000 | -7.9% | 526,100 | +9.1% | 3.51% | -3.5% |
| JPM | Sell | JPMorgan Chase & Co. | $105,171,000 | +1.8% | 642,500 | -3.3% | 3.51% | +6.7% |
| PEP | Sell | PepsiCo, Inc. | $101,452,000 | -2.1% | 674,500 | -3.6% | 3.38% | +2.5% |
| AXP | Sell | American Express Co. | $95,844,000 | -1.4% | 572,100 | -2.8% | 3.20% | +3.2% |
| LHX | Sell | L3Harris Technologies, Inc. | $95,276,000 | -1.5% | 432,600 | -3.3% | 3.18% | +3.2% |
| LMT | Sell | Lockheed Martin Corp. | $95,144,000 | -12.6% | 275,700 | -4.2% | 3.17% | -8.5% |
| HD | Sell | The Home Depot, Inc. | $92,766,000 | -19.4% | 282,600 | -21.7% | 3.09% | -15.6% |
| FDX | Buy | FedEx Corporation | $90,369,000 | -26.1% | 412,100 | +0.5% | 3.01% | -22.6% |
| ZBH | Sell | Zimmer Biomet Holdings, Inc. | $88,475,000 | -12.2% | 604,500 | -3.5% | 2.95% | -8.0% |
| RTX | Sell | Raytheon Technologies Corp. | $85,040,000 | -2.4% | 989,300 | -3.2% | 2.84% | +2.2% |
| TJX | Sell | The TJX Companies, Inc. | $80,430,000 | -5.5% | 1,219,000 | -3.4% | 2.68% | -1.0% |
| KO | Sell | The Coca-Cola Co. | $64,685,000 | -6.3% | 1,232,800 | -3.4% | 2.16% | -1.9% |
| LOW | New | Lowe's Companies, Inc. | $63,901,000 | – | 315,000 | – | 2.13% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| JNJ | New | Johnson & Johnson | $235,825,000 | – | 1,431,500 | – | 7.51% | – |
| TGT | New | Target Corp. | $230,547,000 | – | 953,700 | – | 7.34% | – |
| UNH | New | UnitedHealth Group Inc. | $219,521,000 | – | 548,200 | – | 6.99% | – |
| ANTM | New | Anthem, Inc. | $215,450,000 | – | 564,300 | – | 6.86% | – |
| MSFT | New | Microsoft Corp. | $209,216,000 | – | 772,300 | – | 6.66% | – |
| MS | New | Morgan Stanley | $206,302,000 | – | 2,250,000 | – | 6.57% | – |
| BAC | New | Bank of America Corporation | $133,684,000 | – | 3,242,400 | – | 4.26% | – |
| MCD | New | McDonald's Corp. | $131,225,000 | – | 568,100 | – | 4.18% | – |
| NOC | New | Northrop Grumman Corp. | $127,964,000 | – | 352,100 | – | 4.07% | – |
| GS | New | The Goldman Sachs Group, Inc. | $123,689,000 | – | 325,900 | – | 3.94% | – |
| FDX | New | FedEx Corporation | $122,315,000 | – | 410,000 | – | 3.89% | – |
| HD | New | The Home Depot, Inc. | $115,151,000 | – | 361,100 | – | 3.67% | – |
| CI | New | Cigna Corporation | $114,315,000 | – | 482,200 | – | 3.64% | – |
| LMT | New | Lockheed Martin Corp. | $108,889,000 | – | 287,800 | – | 3.47% | – |
| CVS | New | CVS Health Corporation | $104,342,000 | – | 1,250,500 | – | 3.32% | – |
| PEP | New | PepsiCo, Inc. | $103,660,000 | – | 699,600 | – | 3.30% | – |
| JPM | New | JPMorgan Chase & Co. | $103,294,000 | – | 664,100 | – | 3.29% | – |
| ZBH | New | Zimmer Biomet Holdings, Inc. | $100,738,000 | – | 626,400 | – | 3.21% | – |
| AXP | New | American Express Co. | $97,254,000 | – | 588,600 | – | 3.10% | – |
| LHX | New | L3Harris Technologies, Inc. | $96,706,000 | – | 447,400 | – | 3.08% | – |
| RTX | New | Raytheon Technologies Corp. | $87,161,000 | – | 1,021,700 | – | 2.78% | – |
| TJX | New | The TJX Companies, Inc. | $85,071,000 | – | 1,261,800 | – | 2.71% | – |
| KO | New | The Coca-Cola Co. | $69,039,000 | – | 1,275,900 | – | 2.20% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| DEO | Exit | Diageo PLC | $0 | – | -297,900 | – | -1.68% | – |
| CVS | Exit | CVS Health Corporation | $0 | – | -811,100 | – | -1.94% | – |
| VIAC | Exit | ViacomCBS Inc. | $0 | – | -2,137,400 | – | -2.45% | – |
| RTX | Exit | Raytheon Technologies Corp. | $0 | – | -1,102,300 | – | -2.60% | – |
| AXP | Exit | American Express Co. | $0 | – | -640,000 | – | -2.62% | – |
| KO | Exit | The Coca-Cola Co. | $0 | – | -1,383,500 | – | -2.79% | – |
| NOC | Exit | Northrop Grumman Corp. | $0 | – | -219,800 | – | -2.84% | – |
| GS | Exit | Goldman Sachs Group Inc. | $0 | – | -354,500 | – | -2.91% | – |
| LMT | Exit | Lockheed Martin Corp. | $0 | – | -189,000 | – | -2.96% | – |
| TJX | Exit | The TJX Companies, Inc. | $0 | – | -1,364,500 | – | -3.11% | – |
| CI | Exit | Cigna Corporation | $0 | – | -449,300 | – | -3.11% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -873,500 | – | -3.44% | – |
| BAC | Exit | Bank of America Corporation | $0 | – | -3,500,600 | – | -3.45% | – |
| FDX | Exit | FedEx Corporation | $0 | – | -364,800 | – | -3.75% | – |
| PEP | Exit | PepsiCo, Inc. | $0 | – | -758,700 | – | -4.30% | – |
| HD | Exit | The Home Depot, Inc. | $0 | – | -390,900 | – | -4.44% | – |
| ZBH | Exit | Zimmer Biomet Holdings, Inc. | $0 | – | -802,800 | – | -4.47% | – |
| MS | Exit | Morgan Stanley | $0 | – | -2,425,100 | – | -4.80% | – |
| MCD | Exit | McDonald's Corp. | $0 | – | -618,600 | – | -5.55% | – |
| ANTM | Exit | Anthem, Inc. | $0 | – | -606,500 | – | -6.66% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -833,600 | – | -7.17% | – |
| TGT | Exit | Target Corp. | $0 | – | -1,164,500 | – | -7.50% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -591,600 | – | -7.54% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -1,297,800 | – | -7.90% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| JNJ | Sell | Johnson & Johnson | $193,216,000 | +3.1% | 1,297,800 | -2.6% | 7.90% | -6.0% |
| UNH | Sell | UnitedHealth Group Inc. | $184,443,000 | +2.8% | 591,600 | -2.7% | 7.54% | -6.2% |
| TGT | Sell | Target Corp. | $183,316,000 | +27.7% | 1,164,500 | -2.7% | 7.50% | +16.5% |
| MSFT | Sell | Microsoft Corp. | $175,331,000 | -13.5% | 833,600 | -16.3% | 7.17% | -21.2% |
| ANTM | Sell | Anthem, Inc. | $162,900,000 | -0.4% | 606,500 | -2.5% | 6.66% | -9.2% |
| MCD | Sell | McDonald's Corp. | $135,777,000 | +15.7% | 618,600 | -2.7% | 5.55% | +5.5% |
| MS | Sell | Morgan Stanley | $117,254,000 | -2.6% | 2,425,100 | -2.7% | 4.80% | -11.2% |
| ZBH | Sell | Zimmer Biomet Holdings, Inc. | $109,293,000 | +11.0% | 802,800 | -2.7% | 4.47% | +1.2% |
| HD | Sell | The Home Depot, Inc. | $108,557,000 | +7.5% | 390,900 | -3.0% | 4.44% | -1.9% |
| PEP | Sell | PepsiCo, Inc. | $105,156,000 | +2.0% | 758,700 | -2.7% | 4.30% | -6.9% |
| FDX | Sell | FedEx Corporation | $91,754,000 | +74.7% | 364,800 | -2.6% | 3.75% | +59.3% |
| BAC | Sell | Bank of America Corporation | $84,329,000 | -1.0% | 3,500,600 | -2.4% | 3.45% | -9.7% |
| JPM | Sell | JPMorgan Chase & Co. | $84,092,000 | -0.8% | 873,500 | -3.1% | 3.44% | -9.5% |
| CI | Sell | Cigna Corporation | $76,116,000 | -12.4% | 449,300 | -3.0% | 3.11% | -20.1% |
| TJX | Sell | The TJX Companies, Inc. | $75,934,000 | +6.5% | 1,364,500 | -3.3% | 3.11% | -2.9% |
| LMT | New | Lockheed Martin Corp. | $72,440,000 | – | 189,000 | – | 2.96% | – |
| GS | Sell | Goldman Sachs Group Inc. | $71,244,000 | -0.3% | 354,500 | -2.0% | 2.91% | -9.1% |
| NOC | New | Northrop Grumman Corp. | $69,345,000 | – | 219,800 | – | 2.84% | – |
| KO | Sell | The Coca-Cola Co. | $68,303,000 | +7.6% | 1,383,500 | -2.7% | 2.79% | -1.9% |
| AXP | Sell | American Express Co. | $64,160,000 | -20.7% | 640,000 | -24.7% | 2.62% | -27.7% |
| RTX | Sell | Raytheon Technologies Corp. | $63,426,000 | -9.1% | 1,102,300 | -2.6% | 2.60% | -17.1% |
| VIAC | Sell | ViacomCBS Inc. | $59,869,000 | +16.7% | 2,137,400 | -2.8% | 2.45% | +6.5% |
| CVS | Sell | CVS Health Corporation | $47,368,000 | -12.5% | 811,100 | -2.7% | 1.94% | -20.2% |
| DEO | Sell | Diageo PLC | $41,009,000 | +0.1% | 297,900 | -2.3% | 1.68% | -8.7% |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | Microsoft Corp. | $202,798,000 | – | 996,500 | – | 9.10% | – |
| JNJ | New | Johnson & Johnson | $187,404,000 | – | 1,332,600 | – | 8.40% | – |
| UNH | New | UnitedHealth Group Inc. | $179,359,000 | – | 608,100 | – | 8.04% | – |
| ANTM | New | Anthem, Inc. | $163,600,000 | – | 622,100 | – | 7.34% | – |
| TGT | New | Target Corp. | $143,508,000 | – | 1,196,600 | – | 6.44% | – |
| MS | New | Morgan Stanley | $120,349,000 | – | 2,491,700 | – | 5.40% | – |
| MCD | New | McDonald's Corp. | $117,323,000 | – | 636,000 | – | 5.26% | – |
| PEP | New | PepsiCo, Inc. | $103,083,000 | – | 779,400 | – | 4.62% | – |
| HD | New | The Home Depot, Inc. | $100,981,000 | – | 403,100 | – | 4.53% | – |
| ZBH | New | Zimmer Biomet Holdings, Inc. | $98,472,000 | – | 825,000 | – | 4.42% | – |
| CI | New | Cigna Corporation | $86,882,000 | – | 463,000 | – | 3.90% | – |
| BAC | New | Bank of America Corporation | $85,205,000 | – | 3,587,600 | – | 3.82% | – |
| JPM | New | JPMorgan Chase & Co. | $84,786,000 | – | 901,400 | – | 3.80% | – |
| AXP | New | American Express Co. | $80,930,000 | – | 850,100 | – | 3.63% | – |
| GS | New | Goldman Sachs Group Inc. | $71,459,000 | – | 361,600 | – | 3.20% | – |
| TJX | New | The TJX Companies, Inc. | $71,315,000 | – | 1,410,500 | – | 3.20% | – |
| RTX | New | Raytheon Technologies Corp. | $69,754,000 | – | 1,132,000 | – | 3.13% | – |
| KO | New | The Coca-Cola Co. | $63,499,000 | – | 1,421,200 | – | 2.85% | – |
| CVS | New | CVS Health Corporation | $54,133,000 | – | 833,200 | – | 2.43% | – |
| FDX | New | FedEx Corporation | $52,526,000 | – | 374,600 | – | 2.36% | – |
| VIAC | New | ViacomCBS Inc. | $51,288,000 | – | 2,199,300 | – | 2.30% | – |
| DEO | New | Diageo PLC | $40,962,000 | – | 304,800 | – | 1.84% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| DEO | Exit | Diageo PLC | $0 | – | -311,900 | – | -2.24% | – |
| CVS | Exit | CVS Health Corporation | $0 | – | -852,400 | – | -2.36% | – |
| FDX | Exit | FedEx Corporation | $0 | – | -385,500 | – | -2.46% | – |
| CI | Exit | Cigna Corporation | $0 | – | -477,300 | – | -3.18% | – |
| CBS | Exit | CBS Corporation | $0 | – | -1,813,500 | – | -3.21% | – |
| KO | Exit | The Coca-Cola Co. | $0 | – | -1,495,000 | – | -3.57% | – |
| GS | Exit | Goldman Sachs Group Inc. | $0 | – | -436,000 | – | -3.96% | – |
| MS | Exit | Morgan Stanley | $0 | – | -2,244,400 | – | -4.20% | – |
| HD | Exit | The Home Depot, Inc. | $0 | – | -415,500 | – | -4.22% | – |
| BAC | Exit | Bank of America Corporation | $0 | – | -3,692,000 | – | -4.72% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -933,900 | – | -4.82% | – |
| PEP | Exit | PepsiCo, Inc. | $0 | – | -819,500 | – | -4.92% | – |
| ZBH | Exit | Zimmer Biomet Holdings, Inc. | $0 | – | -914,800 | – | -5.50% | – |
| UTX | Exit | United Technologies Corporatio | $0 | – | -932,600 | – | -5.58% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -625,100 | – | -5.95% | – |
| TGT | Exit | Target Corp. | $0 | – | -1,312,100 | – | -6.15% | – |
| MCD | Exit | McDonald's Corp. | $0 | – | -654,700 | – | -6.16% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -1,116,900 | – | -6.33% | – |
| ANTM | Exit | Anthem, Inc. | $0 | – | -636,700 | – | -6.70% | – |
| AXP | Exit | American Express Co. | $0 | – | -1,318,100 | – | -6.83% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -1,141,300 | – | -6.95% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Sell | Microsoft Corp. | $158,675,000 | +3.3% | 1,141,300 | -0.4% | 6.95% | +3.3% |
| AXP | Sell | American Express Co. | $155,905,000 | -4.5% | 1,318,100 | -0.3% | 6.83% | -4.6% |
| ANTM | Sell | Anthem, Inc. | $152,872,000 | -15.3% | 636,700 | -0.4% | 6.70% | -15.3% |
| JNJ | Sell | Johnson & Johnson | $144,505,000 | -7.5% | 1,116,900 | -0.5% | 6.33% | -7.6% |
| MCD | Sell | McDonald's Corp. | $140,571,000 | +3.0% | 654,700 | -0.4% | 6.16% | +2.9% |
| TGT | Sell | Target Corp. | $140,277,000 | +22.9% | 1,312,100 | -0.4% | 6.15% | +22.8% |
| UNH | Sell | UnitedHealth Group Inc. | $135,847,000 | -11.3% | 625,100 | -0.4% | 5.95% | -11.4% |
| UTX | Sell | United Technologies Corporatio | $127,319,000 | +4.4% | 932,600 | -0.4% | 5.58% | +4.3% |
| ZBH | Sell | Zimmer Biomet Holdings, Inc. | $125,575,000 | -1.0% | 914,800 | -15.1% | 5.50% | -1.1% |
| PEP | Sell | PepsiCo, Inc. | $112,353,000 | +4.1% | 819,500 | -0.4% | 4.92% | +4.1% |
| JPM | Sell | JPMorgan Chase & Co. | $109,911,000 | +5.0% | 933,900 | -0.3% | 4.82% | +4.9% |
| BAC | Sell | Bank of America Corporation | $107,696,000 | +0.2% | 3,692,000 | -0.4% | 4.72% | +0.1% |
| HD | Sell | The Home Depot, Inc. | $96,404,000 | +11.0% | 415,500 | -0.5% | 4.22% | +11.0% |
| MS | Sell | Morgan Stanley | $95,769,000 | -2.9% | 2,244,400 | -0.3% | 4.20% | -3.0% |
| GS | Sell | Goldman Sachs Group Inc. | $90,352,000 | +0.4% | 436,000 | -0.9% | 3.96% | +0.3% |
| KO | Sell | The Coca-Cola Co. | $81,388,000 | +6.5% | 1,495,000 | -0.4% | 3.57% | +6.4% |
| CBS | Sell | CBS Corporation | $73,211,000 | -19.4% | 1,813,500 | -0.4% | 3.21% | -19.5% |
| CI | New | Cigna Corporation | $72,449,000 | – | 477,300 | – | 3.18% | – |
| FDX | Sell | FedEx Corporation | $56,117,000 | -11.7% | 385,500 | -0.4% | 2.46% | -11.8% |
| CVS | Sell | CVS Health Corporation | $53,761,000 | -42.7% | 852,400 | -50.5% | 2.36% | -42.7% |
| DEO | Sell | Diageo PLC | $51,002,000 | -5.6% | 311,900 | -0.5% | 2.24% | -5.6% |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ANTM | New | Anthem, Inc. | $180,445,000 | – | 639,400 | – | 7.91% | – |
| AXP | New | American Express Co. | $163,274,000 | – | 1,322,700 | – | 7.16% | – |
| JNJ | New | Johnson & Johnson | $156,272,000 | – | 1,122,000 | – | 6.85% | – |
| MSFT | New | Microsoft Corp. | $153,532,000 | – | 1,146,100 | – | 6.73% | – |
| UNH | New | UnitedHealth Group Inc. | $153,214,000 | – | 627,900 | – | 6.72% | – |
| MCD | New | McDonald's Corp. | $136,474,000 | – | 657,200 | – | 5.98% | – |
| ZBH | New | Zimmer Biomet Holdings, Inc. | $126,841,000 | – | 1,077,300 | – | 5.56% | – |
| UTX | New | United Technologies Corporatio | $121,958,000 | – | 936,700 | – | 5.35% | – |
| TGT | New | Target Corp. | $114,117,000 | – | 1,317,600 | – | 5.00% | – |
| PEP | New | PepsiCo, Inc. | $107,920,000 | – | 823,000 | – | 4.73% | – |
| BAC | New | Bank of America Corporation | $107,480,000 | – | 3,706,200 | – | 4.71% | – |
| JPM | New | JPMorgan Chase & Co. | $104,712,000 | – | 936,600 | – | 4.59% | – |
| MS | New | Morgan Stanley | $98,629,000 | – | 2,251,300 | – | 4.32% | – |
| CVS | New | CVS Health Corporation | $93,803,000 | – | 1,721,472 | – | 4.11% | – |
| CBS | New | CBS Corporation | $90,883,000 | – | 1,821,300 | – | 3.98% | – |
| GS | New | Goldman Sachs Group Inc. | $90,024,000 | – | 440,000 | – | 3.95% | – |
| HD | New | The Home Depot, Inc. | $86,827,000 | – | 417,500 | – | 3.81% | – |
| KO | New | The Coca-Cola Co. | $76,446,000 | – | 1,501,300 | – | 3.35% | – |
| FDX | New | FedEx Corporation | $63,558,000 | – | 387,100 | – | 2.79% | – |
| DEO | New | Diageo PLC | $54,005,000 | – | 313,400 | – | 2.37% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WFC | Exit | Wells Fargo & Company | $0 | – | -743,600 | – | -1.54% | – |
| DEO | Exit | Diageo PLC | $0 | – | -352,400 | – | -1.96% | – |
| MMM | Exit | 3M Company | $0 | – | -363,200 | – | -3.01% | – |
| KO | Exit | The Coca-Cola Co. | $0 | – | -1,671,100 | – | -3.04% | – |
| HD | Exit | The Home Depot, Inc. | $0 | – | -391,800 | – | -3.19% | – |
| AET | Exit | Aetna Inc. | $0 | – | -402,200 | – | -3.21% | – |
| PEP | Exit | PepsiCo, Inc. | $0 | – | -916,300 | – | -4.03% | – |
| UTX | Exit | United Technologies Corporatio | $0 | – | -775,900 | – | -4.27% | – |
| BAC | Exit | Bank of America Corporation | $0 | – | -3,683,900 | – | -4.27% | – |
| GS | Exit | Goldman Sachs Group Inc. | $0 | – | -489,100 | – | -4.31% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -1,004,000 | – | -4.46% | – |
| MS | Exit | Morgan Stanley | $0 | – | -2,530,000 | – | -4.63% | – |
| MCD | Exit | McDonald's Corp. | $0 | – | -730,200 | – | -4.80% | – |
| CVS | Exit | CVS Health Corporation | $0 | – | -1,576,100 | – | -4.88% | – |
| TGT | Exit | Target Corp. | $0 | – | -1,467,600 | – | -5.09% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -517,400 | – | -5.41% | – |
| CBS | Exit | CBS Corporation | $0 | – | -2,487,600 | – | -5.62% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -1,273,700 | – | -5.73% | – |
| ZBH | Exit | Zimmer Biomet Holdings, Inc. | $0 | – | -1,202,900 | – | -6.22% | – |
| AXP | Exit | American Express Co. | $0 | – | -1,491,700 | – | -6.25% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -1,199,300 | – | -6.52% | – |
| ANTM | Exit | Anthem, Inc. | $0 | – | -702,200 | – | -7.57% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ANTM | Sell | Anthem, Inc. | $192,438,000 | +14.7% | 702,200 | -0.4% | 7.57% | +5.2% |
| JNJ | Sell | Johnson & Johnson | $165,707,000 | +13.2% | 1,199,300 | -0.6% | 6.52% | +3.8% |
| AXP | Sell | American Express Co. | $158,851,000 | +8.5% | 1,491,700 | -0.1% | 6.25% | -0.5% |
| ZBH | Sell | Zimmer Biomet Holdings, Inc. | $158,145,000 | +17.6% | 1,202,900 | -0.3% | 6.22% | +7.9% |
| MSFT | Sell | Microsoft Corp. | $145,673,000 | +15.4% | 1,273,700 | -0.5% | 5.73% | +5.9% |
| CBS | Sell | CBS Corporation | $142,913,000 | +1.8% | 2,487,600 | -0.4% | 5.62% | -6.7% |
| UNH | Sell | UnitedHealth Group Inc. | $137,649,000 | +8.0% | 517,400 | -0.4% | 5.41% | -1.0% |
| TGT | Sell | Target Corp. | $129,457,000 | +15.5% | 1,467,600 | -0.4% | 5.09% | +5.9% |
| CVS | Sell | CVS Health Corporation | $124,071,000 | +21.9% | 1,576,100 | -0.3% | 4.88% | +11.8% |
| MCD | Sell | McDonald's Corp. | $122,155,000 | +6.4% | 730,200 | -0.4% | 4.80% | -2.4% |
| MS | Sell | Morgan Stanley | $117,822,000 | -2.0% | 2,530,000 | -0.2% | 4.63% | -10.1% |
| JPM | Sell | JPMorgan Chase & Co. | $113,291,000 | +7.4% | 1,004,000 | -0.8% | 4.46% | -1.5% |
| GS | Buy | Goldman Sachs Group Inc. | $109,676,000 | +24.2% | 489,100 | +22.1% | 4.31% | +13.9% |
| BAC | Buy | Bank of America Corporation | $108,528,000 | +17.6% | 3,683,900 | +12.5% | 4.27% | +7.9% |
| UTX | Sell | United Technologies Corporatio | $108,479,000 | +11.5% | 775,900 | -0.3% | 4.27% | +2.3% |
| PEP | Sell | PepsiCo, Inc. | $102,442,000 | +2.3% | 916,300 | -0.4% | 4.03% | -6.1% |
| AET | Sell | Aetna Inc. | $81,586,000 | +10.3% | 402,200 | -0.2% | 3.21% | +1.2% |
| HD | New | The Home Depot, Inc. | $81,161,000 | – | 391,800 | – | 3.19% | – |
| KO | Sell | The Coca-Cola Co. | $77,188,000 | +4.9% | 1,671,100 | -0.4% | 3.04% | -3.7% |
| MMM | Sell | 3M Company | $76,530,000 | +6.6% | 363,200 | -0.5% | 3.01% | -2.2% |
| DEO | Buy | Diageo PLC | $49,925,000 | -1.5% | 352,400 | +0.2% | 1.96% | -9.6% |
| WFC | Sell | Wells Fargo & Company | $39,084,000 | -6.2% | 743,600 | -1.1% | 1.54% | -14.0% |
| WMT | Exit | Walmart Inc. | $0 | – | -1,156,000 | – | -4.24% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ANTM | New | Anthem, Inc. | $167,835,000 | – | 705,100 | – | 7.20% | – |
| AXP | New | American Express Co. | $146,402,000 | – | 1,493,900 | – | 6.28% | – |
| JNJ | New | Johnson & Johnson | $146,372,000 | – | 1,206,300 | – | 6.28% | – |
| CBS | New | CBS Corporation | $140,454,000 | – | 2,498,300 | – | 6.02% | – |
| ZBH | New | Zimmer Biomet Holdings, Inc. | $134,452,000 | – | 1,206,500 | – | 5.76% | – |
| UNH | New | UnitedHealth Group Inc. | $127,503,000 | – | 519,700 | – | 5.47% | – |
| MSFT | New | Microsoft Corp. | $126,221,000 | – | 1,280,000 | – | 5.41% | – |
| MS | New | Morgan Stanley | $120,206,000 | – | 2,536,000 | – | 5.15% | – |
| MCD | New | McDonald's Corp. | $114,822,000 | – | 732,800 | – | 4.92% | – |
| TGT | New | Target Corp. | $112,117,000 | – | 1,472,900 | – | 4.81% | – |
| JPM | New | JPMorgan Chase & Co. | $105,440,000 | – | 1,011,900 | – | 4.52% | – |
| CVS | New | CVS Health Corporation | $101,770,000 | – | 1,581,500 | – | 4.36% | – |
| PEP | New | PepsiCo, Inc. | $100,128,000 | – | 919,700 | – | 4.29% | – |
| WMT | New | Walmart Inc. | $99,011,000 | – | 1,156,000 | – | 4.24% | – |
| UTX | New | United Technologies Corporatio | $97,311,000 | – | 778,300 | – | 4.17% | – |
| BAC | New | Bank of America Corporation | $92,283,000 | – | 3,273,600 | – | 3.96% | – |
| GS | New | Goldman Sachs Group Inc. | $88,338,000 | – | 400,500 | – | 3.79% | – |
| AET | New | Aetna Inc. | $73,969,000 | – | 403,100 | – | 3.17% | – |
| KO | New | The Coca-Cola Co. | $73,566,000 | – | 1,677,300 | – | 3.15% | – |
| MMM | New | 3M Company | $71,783,000 | – | 364,900 | – | 3.08% | – |
| DEO | New | Diageo PLC | $50,663,000 | – | 351,800 | – | 2.17% | – |
| WFC | New | Wells Fargo & Company | $41,685,000 | – | 751,900 | – | 1.79% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WFC | Exit | Wells Fargo & Company | $0 | – | -817,700 | – | -1.91% | – |
| DEO | Exit | Diageo PLC | $0 | – | -370,400 | – | -2.08% | – |
| IBM | Exit | International Business Machine | $0 | – | -459,600 | – | -2.83% | – |
| MMM | Exit | 3M Company | $0 | – | -333,600 | – | -2.97% | – |
| TWX | Exit | Time Warner Inc. | $0 | – | -761,400 | – | -3.31% | – |
| KO | Exit | The Coca-Cola Co. | $0 | – | -1,761,100 | – | -3.36% | – |
| TGT | Exit | Target Corp. | $0 | – | -1,547,300 | – | -3.87% | – |
| CBS | Exit | CBS Corporation | $0 | – | -1,624,900 | – | -4.00% | – |
| UTX | Exit | United Technologies Corporatio | $0 | – | -817,600 | – | -4.03% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -507,200 | – | -4.21% | – |
| GS | Exit | Goldman Sachs Group Inc. | $0 | – | -420,200 | – | -4.23% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -1,045,300 | – | -4.24% | – |
| AET | Exit | Aetna Inc. | $0 | – | -676,000 | – | -4.56% | – |
| PEP | Exit | PepsiCo, Inc. | $0 | – | -965,700 | – | -4.56% | – |
| MCD | Exit | McDonald's Corp. | $0 | – | -769,800 | – | -5.12% | – |
| WMT | Exit | Wal-Mart Stores, Inc. | $0 | – | -1,557,500 | – | -5.16% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -1,658,600 | – | -5.24% | – |
| MS | Exit | Morgan Stanley | $0 | – | -2,650,400 | – | -5.42% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -1,005,600 | – | -5.55% | – |
| ZBH | Exit | Zimmer Biomet Holdings, Inc. | $0 | – | -1,123,500 | – | -5.58% | – |
| CVS | Exit | CVS Health Corporation | $0 | – | -1,662,900 | – | -5.74% | – |
| ANTM | Exit | Anthem, Inc. | $0 | – | -740,400 | – | -5.96% | – |
| AXP | Exit | American Express Co. | $0 | – | -1,582,200 | – | -6.07% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AXP | Sell | American Express Co. | $143,126,000 | +4.4% | 1,582,200 | -2.8% | 6.07% | +4.2% |
| ANTM | Sell | Anthem, Inc. | $140,587,000 | -2.0% | 740,400 | -2.9% | 5.96% | -2.1% |
| CVS | Sell | CVS Health Corporation | $135,227,000 | -1.8% | 1,662,900 | -2.9% | 5.74% | -2.0% |
| ZBH | Sell | Zimmer Biomet Holdings, Inc. | $131,551,000 | -11.4% | 1,123,500 | -2.9% | 5.58% | -11.6% |
| JNJ | Sell | Johnson & Johnson | $130,738,000 | -4.6% | 1,005,600 | -2.9% | 5.55% | -4.7% |
| MS | Sell | Morgan Stanley | $127,670,000 | +5.1% | 2,650,400 | -2.8% | 5.42% | +4.9% |
| MSFT | Sell | Microsoft Corp. | $123,549,000 | +5.0% | 1,658,600 | -2.9% | 5.24% | +4.8% |
| WMT | Sell | Wal-Mart Stores, Inc. | $121,703,000 | +0.3% | 1,557,500 | -2.9% | 5.16% | +0.1% |
| MCD | Sell | McDonald's Corp. | $120,612,000 | -0.7% | 769,800 | -2.9% | 5.12% | -0.9% |
| PEP | Sell | PepsiCo, Inc. | $107,608,000 | -6.3% | 965,700 | -2.9% | 4.56% | -6.5% |
| AET | Sell | Aetna Inc. | $107,491,000 | +1.7% | 676,000 | -2.9% | 4.56% | +1.6% |
| JPM | Sell | JPMorgan Chase & Co. | $99,837,000 | +1.2% | 1,045,300 | -3.1% | 4.24% | +1.0% |
| GS | Sell | Goldman Sachs Group Inc. | $99,667,000 | +3.8% | 420,200 | -2.9% | 4.23% | +3.7% |
| UNH | Sell | UnitedHealth Group Inc. | $99,335,000 | +2.6% | 507,200 | -2.9% | 4.21% | +2.4% |
| UTX | Sell | United Technologies Corporatio | $94,907,000 | -7.7% | 817,600 | -2.9% | 4.03% | -7.8% |
| CBS | Buy | CBS Corporation | $94,244,000 | +30.1% | 1,624,900 | +43.0% | 4.00% | +29.8% |
| TGT | Sell | Target Corp. | $91,306,000 | +9.6% | 1,547,300 | -2.9% | 3.87% | +9.5% |
| KO | Sell | The Coca-Cola Co. | $79,267,000 | -2.5% | 1,761,100 | -2.9% | 3.36% | -2.7% |
| TWX | Sell | Time Warner Inc. | $78,005,000 | -0.9% | 761,400 | -2.8% | 3.31% | -1.0% |
| MMM | Sell | 3M Company | $70,023,000 | -2.1% | 333,600 | -2.9% | 2.97% | -2.2% |
| IBM | Sell | International Business Machine | $66,679,000 | -8.4% | 459,600 | -2.9% | 2.83% | -8.5% |
| DEO | Sell | Diageo PLC | $48,941,000 | +6.1% | 370,400 | -3.7% | 2.08% | +6.0% |
| WFC | Sell | Wells Fargo & Company | $45,096,000 | -3.1% | 817,700 | -2.7% | 1.91% | -3.3% |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ZBH | New | Zimmer Biomet Holdings, Inc. | $148,520,000 | – | 1,156,700 | – | 6.31% | – |
| ANTM | New | Anthem, Inc. | $143,430,000 | – | 762,400 | – | 6.10% | – |
| CVS | New | CVS Health Corporation | $137,772,000 | – | 1,712,300 | – | 5.85% | – |
| AXP | New | American Express Co. | $137,092,000 | – | 1,627,400 | – | 5.82% | – |
| JNJ | New | Johnson & Johnson | $137,000,000 | – | 1,035,600 | – | 5.82% | – |
| MS | New | Morgan Stanley | $121,524,000 | – | 2,727,200 | – | 5.16% | – |
| MCD | New | McDonald's Corp. | $121,456,000 | – | 793,000 | – | 5.16% | – |
| WMT | New | Wal-Mart Stores, Inc. | $121,345,000 | – | 1,603,400 | – | 5.16% | – |
| MSFT | New | Microsoft Corp. | $117,691,000 | – | 1,707,400 | – | 5.00% | – |
| PEP | New | PepsiCo, Inc. | $114,889,000 | – | 994,800 | – | 4.88% | – |
| AET | New | Aetna Inc. | $105,674,000 | – | 696,000 | – | 4.49% | – |
| UTX | New | United Technologies Corporatio | $102,792,000 | – | 841,800 | – | 4.37% | – |
| JPM | New | JPMorgan Chase & Co. | $98,630,000 | – | 1,079,100 | – | 4.19% | – |
| UNH | New | UnitedHealth Group Inc. | $96,826,000 | – | 522,200 | – | 4.11% | – |
| GS | New | Goldman Sachs Group Inc. | $95,994,000 | – | 432,600 | – | 4.08% | – |
| TGT | New | Target Corp. | $83,293,000 | – | 1,592,900 | – | 3.54% | – |
| KO | New | The Coca-Cola Co. | $81,340,000 | – | 1,813,600 | – | 3.46% | – |
| TWX | New | Time Warner Inc. | $78,691,000 | – | 783,700 | – | 3.34% | – |
| IBM | New | International Business Machine | $72,792,000 | – | 473,200 | – | 3.09% | – |
| CBS | New | CBS Corporation | $72,467,000 | – | 1,136,200 | – | 3.08% | – |
| MMM | New | 3M Company | $71,492,000 | – | 343,400 | – | 3.04% | – |
| WFC | New | Wells Fargo & Company | $46,561,000 | – | 840,300 | – | 1.98% | – |
| DEO | New | Diageo PLC | $46,111,000 | – | 384,800 | – | 1.96% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BBBY | Exit | Bed Bath & Beyond Inc. | $0 | – | -1,122,300 | – | -1.92% | – |
| DEO | Exit | Diageo PLC | $0 | – | -483,500 | – | -2.23% | – |
| TWX | Exit | Time Warner Inc. | $0 | – | -997,900 | – | -3.15% | – |
| WFC | Exit | Wells Fargo & Company | $0 | – | -1,829,500 | – | -3.22% | – |
| AET | Exit | Aetna Inc. | $0 | – | -724,100 | – | -3.32% | – |
| GS | Exit | Goldman Sachs Group Inc. | $0 | – | -551,600 | – | -3.53% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -1,375,200 | – | -3.63% | – |
| MMM | Exit | 3M Company | $0 | – | -526,800 | – | -3.68% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -663,500 | – | -3.69% | – |
| KO | Exit | The Coca-Cola Co. | $0 | – | -2,293,100 | – | -3.85% | – |
| ANTM | Exit | Anthem, Inc. | $0 | – | -855,100 | – | -4.25% | – |
| UTX | Exit | United Technologies Corporatio | $0 | – | -1,069,400 | – | -4.31% | – |
| MS | Exit | Morgan Stanley | $0 | – | -3,422,800 | – | -4.35% | – |
| ZBH | Exit | Zimmer Biomet Holdings, Inc. | $0 | – | -853,900 | – | -4.41% | – |
| IBM | Exit | International Business Machine | $0 | – | -787,100 | – | -4.96% | – |
| AXP | Exit | American Express Co. | $0 | – | -2,038,200 | – | -5.18% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -2,370,300 | – | -5.42% | – |
| PEP | Exit | PepsiCo, Inc. | $0 | – | -1,260,900 | – | -5.44% | – |
| TGT | Exit | Target Corp. | $0 | – | -2,022,600 | – | -5.51% | – |
| MCD | Exit | McDonald's Corp. | $0 | – | -1,226,000 | – | -5.61% | – |
| WMT | Exit | Wal-Mart Stores, Inc. | $0 | – | -2,036,800 | – | -5.83% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -1,320,200 | – | -6.19% | – |
| CVS | Exit | CVS Health Corporation | $0 | – | -1,789,300 | – | -6.32% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CVS | Buy | CVS Health Corporation | $159,230,000 | +3.4% | 1,789,300 | +11.3% | 6.32% | +4.2% |
| JNJ | Sell | Johnson & Johnson | $155,955,000 | -3.5% | 1,320,200 | -1.0% | 6.19% | -2.8% |
| WMT | Sell | Wal-Mart Stores, Inc. | $146,894,000 | -2.2% | 2,036,800 | -1.0% | 5.83% | -1.4% |
| MCD | Sell | McDonald's Corp. | $141,431,000 | -5.0% | 1,226,000 | -0.9% | 5.61% | -4.3% |
| TGT | Sell | Target Corp. | $138,912,000 | -2.6% | 2,022,600 | -1.0% | 5.51% | -1.8% |
| PEP | Sell | PepsiCo, Inc. | $137,148,000 | +1.7% | 1,260,900 | -1.0% | 5.44% | +2.5% |
| MSFT | Sell | Microsoft Corp. | $136,529,000 | -19.4% | 2,370,300 | -28.4% | 5.42% | -18.7% |
| AXP | Sell | American Express Co. | $130,526,000 | +4.4% | 2,038,200 | -0.9% | 5.18% | +5.2% |
| IBM | Sell | International Business Machine | $125,031,000 | +3.7% | 787,100 | -1.0% | 4.96% | +4.4% |
| ZBH | Sell | Zimmer Biomet Holdings, Inc. | $111,024,000 | +7.0% | 853,900 | -1.0% | 4.41% | +7.8% |
| MS | Sell | Morgan Stanley | $109,735,000 | +22.2% | 3,422,800 | -1.0% | 4.35% | +23.1% |
| UTX | Sell | United Technologies Corporatio | $108,651,000 | -1.9% | 1,069,400 | -1.0% | 4.31% | -1.1% |
| ANTM | Sell | Anthem, Inc. | $107,153,000 | -5.5% | 855,100 | -1.0% | 4.25% | -4.8% |
| KO | Sell | The Coca-Cola Co. | $97,044,000 | -7.5% | 2,293,100 | -1.0% | 3.85% | -6.8% |
| UNH | Sell | UnitedHealth Group Inc. | $92,890,000 | -1.8% | 663,500 | -1.0% | 3.69% | -1.0% |
| MMM | Sell | 3M Company | $92,838,000 | -0.3% | 526,800 | -1.0% | 3.68% | +0.4% |
| JPM | Sell | JPMorgan Chase & Co. | $91,575,000 | +6.0% | 1,375,200 | -1.1% | 3.63% | +6.9% |
| GS | Sell | Goldman Sachs Group Inc. | $88,957,000 | +7.5% | 551,600 | -0.9% | 3.53% | +8.4% |
| AET | Sell | Aetna Inc. | $83,597,000 | -6.4% | 724,100 | -1.0% | 3.32% | -5.7% |
| WFC | Sell | Wells Fargo & Company | $81,010,000 | -7.3% | 1,829,500 | -0.9% | 3.22% | -6.6% |
| TWX | New | Time Warner Inc. | $79,443,000 | – | 997,900 | – | 3.15% | – |
| DEO | Sell | Diageo PLC | $56,105,000 | +1.7% | 483,500 | -1.0% | 2.23% | +2.5% |
| BBBY | Sell | Bed Bath & Beyond Inc. | $48,382,000 | -1.2% | 1,122,300 | -1.0% | 1.92% | -0.5% |
| EMR | Exit | Emerson Electric Co. | $0 | – | -1,381,800 | – | -2.84% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | Microsoft Corp. | $169,296,000 | – | 3,308,500 | – | 6.67% | – |
| JNJ | New | Johnson & Johnson | $161,681,000 | – | 1,332,900 | – | 6.37% | – |
| CVS | New | CVS Health Corporation | $153,959,000 | – | 1,608,100 | – | 6.06% | – |
| WMT | New | Wal-Mart Stores, Inc. | $150,166,000 | – | 2,056,500 | – | 5.91% | – |
| MCD | New | McDonald's Corp. | $148,933,000 | – | 1,237,600 | – | 5.86% | – |
| TGT | New | Target Corp. | $142,579,000 | – | 2,042,100 | – | 5.61% | – |
| PEP | New | PepsiCo, Inc. | $134,862,000 | – | 1,273,000 | – | 5.31% | – |
| AXP | New | American Express Co. | $125,014,000 | – | 2,057,500 | – | 4.92% | – |
| IBM | New | International Business Machine | $120,620,000 | – | 794,700 | – | 4.75% | – |
| ANTM | New | Anthem, Inc. | $113,425,000 | – | 863,600 | – | 4.47% | – |
| UTX | New | United Technologies Corporatio | $110,733,000 | – | 1,079,800 | – | 4.36% | – |
| KO | New | The Coca-Cola Co. | $104,953,000 | – | 2,315,300 | – | 4.13% | – |
| ZBH | New | Zimmer Biomet Holdings, Inc. | $103,780,000 | – | 862,100 | – | 4.09% | – |
| UNH | New | UnitedHealth Group Inc. | $94,604,000 | – | 670,000 | – | 3.72% | – |
| MMM | New | 3M Company | $93,164,000 | – | 532,000 | – | 3.67% | – |
| MS | New | Morgan Stanley | $89,792,000 | – | 3,456,200 | – | 3.54% | – |
| AET | New | Aetna Inc. | $89,289,000 | – | 731,100 | – | 3.52% | – |
| WFC | New | Wells Fargo & Company | $87,414,000 | – | 1,846,900 | – | 3.44% | – |
| JPM | New | JPMorgan Chase & Co. | $86,368,000 | – | 1,389,900 | – | 3.40% | – |
| GS | New | Goldman Sachs Group Inc. | $82,714,000 | – | 556,700 | – | 3.26% | – |
| EMR | New | Emerson Electric Co. | $72,075,000 | – | 1,381,800 | – | 2.84% | – |
| DEO | New | Diageo PLC | $55,142,000 | – | 488,500 | – | 2.17% | – |
| BBBY | New | Bed Bath & Beyond Inc. | $48,981,000 | – | 1,133,300 | – | 1.93% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PG | Exit | The Procter and Gamble Co. | $0 | – | -648,500 | – | -1.71% | – |
| DEO | Exit | Diageo PLC | $0 | – | -554,900 | – | -2.19% | – |
| AET | Exit | Aetna Inc. | $0 | – | -628,000 | – | -2.51% | – |
| EMR | Exit | Emerson Electric Co. | $0 | – | -1,563,100 | – | -2.53% | – |
| BBBY | Exit | Bed Bath & Beyond Inc. | $0 | – | -1,287,100 | – | -2.68% | – |
| MS | Exit | Morgan Stanley | $0 | – | -2,669,800 | – | -3.08% | – |
| MMM | Exit | 3M Company | $0 | – | -600,400 | – | -3.12% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -758,100 | – | -3.22% | – |
| ZBH | Exit | Zimmer Biomet Holdings, Inc. | $0 | – | -975,400 | – | -3.35% | – |
| UTX | Exit | United Technologies Corporatio | $0 | – | -1,031,700 | – | -3.36% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -1,594,300 | – | -3.56% | – |
| GS | Exit | Goldman Sachs Group Inc. | $0 | – | -563,900 | – | -3.58% | – |
| ANTM | Exit | Anthem, Inc. | $0 | – | -729,300 | – | -3.74% | – |
| WFC | Exit | Wells Fargo & Company | $0 | – | -2,074,200 | – | -3.90% | – |
| IBM | Exit | International Business Machine | $0 | – | -899,100 | – | -4.77% | – |
| MCD | Exit | McDonald's Corp. | $0 | – | -1,396,500 | – | -5.04% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -1,507,200 | – | -5.15% | – |
| KO | Exit | The Coca-Cola Co. | $0 | – | -2,614,200 | – | -5.16% | – |
| WMT | Exit | Wal-Mart Stores, Inc. | $0 | – | -2,325,700 | – | -5.52% | – |
| PEP | Exit | PepsiCo, Inc. | $0 | – | -1,683,000 | – | -5.81% | – |
| AXP | Exit | American Express Co. | $0 | – | -2,310,100 | – | -6.27% | – |
| CVS | Exit | CVS Health Corporation | $0 | – | -1,817,800 | – | -6.42% | – |
| TGT | Exit | Target Corp. | $0 | – | -2,309,800 | – | -6.65% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -4,146,400 | – | -6.72% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Sell | Microsoft Corp. | $183,520,000 | -1.6% | 4,146,400 | -1.8% | 6.72% | +3.8% |
| TGT | Sell | Target Corp. | $181,689,000 | -5.4% | 2,309,800 | -1.8% | 6.65% | -0.2% |
| CVS | Sell | CVS Health Corporation | $175,381,000 | -9.7% | 1,817,800 | -1.8% | 6.42% | -4.8% |
| AXP | Sell | American Express Co. | $171,248,000 | -5.4% | 2,310,100 | -0.8% | 6.27% | -0.2% |
| PEP | Sell | PepsiCo, Inc. | $158,707,000 | -0.8% | 1,683,000 | -1.8% | 5.81% | +4.6% |
| WMT | Sell | Wal-Mart Stores, Inc. | $150,798,000 | -10.3% | 2,325,700 | -1.8% | 5.52% | -5.4% |
| KO | Sell | The Coca-Cola Co. | $140,882,000 | +35.1% | 2,614,200 | -1.6% | 5.16% | +42.5% |
| JNJ | Sell | Johnson & Johnson | $140,697,000 | -6.0% | 1,507,200 | -1.8% | 5.15% | -0.8% |
| MCD | Sell | McDonald's Corp. | $137,597,000 | +1.8% | 1,396,500 | -1.8% | 5.04% | +7.3% |
| IBM | Sell | International Business Machine | $130,343,000 | -12.5% | 899,100 | -1.8% | 4.77% | -7.7% |
| WFC | Sell | Wells Fargo & Company | $106,510,000 | -9.8% | 2,074,200 | -1.2% | 3.90% | -4.9% |
| ANTM | Sell | Anthem, Inc. | $102,102,000 | -16.3% | 729,300 | -1.9% | 3.74% | -11.7% |
| GS | Buy | Goldman Sachs Group Inc. | $97,983,000 | -10.4% | 563,900 | +7.6% | 3.58% | -5.6% |
| JPM | Sell | JPMorgan Chase & Co. | $97,204,000 | -11.3% | 1,594,300 | -1.4% | 3.56% | -6.5% |
| UTX | Buy | United Technologies Corporatio | $91,811,000 | +4.1% | 1,031,700 | +29.8% | 3.36% | +9.8% |
| ZBH | Buy | Zimmer Biomet Holdings, Inc. | $91,619,000 | +36.2% | 975,400 | +58.4% | 3.35% | +43.6% |
| UNH | Sell | UnitedHealth Group Inc. | $87,947,000 | -6.8% | 758,100 | -2.0% | 3.22% | -1.7% |
| MMM | Sell | 3M Company | $85,119,000 | -9.8% | 600,400 | -1.8% | 3.12% | -4.9% |
| MS | Buy | Morgan Stanley | $84,099,000 | -0.7% | 2,669,800 | +22.3% | 3.08% | +4.7% |
| BBBY | Buy | Bed Bath & Beyond Inc. | $73,390,000 | -15.9% | 1,287,100 | +1.7% | 2.68% | -11.4% |
| EMR | Sell | Emerson Electric Co. | $69,042,000 | -21.9% | 1,563,100 | -2.0% | 2.53% | -17.6% |
| AET | Sell | Aetna Inc. | $68,709,000 | -15.5% | 628,000 | -1.6% | 2.51% | -10.9% |
| DEO | Sell | Diageo PLC | $59,813,000 | -8.9% | 554,900 | -1.9% | 2.19% | -3.9% |
| PG | Sell | The Procter and Gamble Co. | $46,653,000 | -9.7% | 648,500 | -1.8% | 1.71% | -4.8% |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CVS | New | CVS Health Corporation | $194,217,000 | – | 1,851,800 | – | 6.74% | – |
| TGT | New | Target Corp. | $192,075,000 | – | 2,353,000 | – | 6.66% | – |
| MSFT | New | Microsoft Corp. | $186,441,000 | – | 4,222,900 | – | 6.47% | – |
| AXP | New | American Express Co. | $181,049,000 | – | 2,329,500 | – | 6.28% | – |
| WMT | New | Wal-Mart Stores, Inc. | $168,040,000 | – | 2,369,100 | – | 5.83% | – |
| PEP | New | PepsiCo, Inc. | $160,022,000 | – | 1,714,400 | – | 5.55% | – |
| JNJ | New | Johnson & Johnson | $149,630,000 | – | 1,535,300 | – | 5.19% | – |
| IBM | New | International Business Machine | $148,997,000 | – | 916,000 | – | 5.17% | – |
| MCD | New | McDonald's Corp. | $135,218,000 | – | 1,422,300 | – | 4.69% | – |
| ANTM | New | Anthem, Inc. | $122,022,000 | – | 743,400 | – | 4.23% | – |
| WFC | New | Wells Fargo & Company | $118,098,000 | – | 2,099,900 | – | 4.10% | – |
| JPM | New | JPMorgan Chase & Co. | $109,602,000 | – | 1,617,500 | – | 3.80% | – |
| GS | New | Goldman Sachs Group Inc. | $109,406,000 | – | 524,000 | – | 3.80% | – |
| KO | New | The Coca-Cola Co. | $104,269,000 | – | 2,657,900 | – | 3.62% | – |
| UNH | New | UnitedHealth Group Inc. | $94,379,000 | – | 773,600 | – | 3.27% | – |
| MMM | New | 3M Company | $94,370,000 | – | 611,600 | – | 3.27% | – |
| EMR | New | Emerson Electric Co. | $88,367,000 | – | 1,594,200 | – | 3.07% | – |
| UTX | New | United Technologies Corporatio | $88,200,000 | – | 795,100 | – | 3.06% | – |
| BBBY | New | Bed Bath & Beyond Inc. | $87,301,000 | – | 1,265,600 | – | 3.03% | – |
| MS | New | Morgan Stanley | $84,698,000 | – | 2,183,500 | – | 2.94% | – |
| AET | New | Aetna Inc. | $81,332,000 | – | 638,100 | – | 2.82% | – |
| ZBH | New | Zimmer Biomet Holdings, Inc. | $67,264,000 | – | 615,800 | – | 2.33% | – |
| DEO | New | Diageo PLC | $65,644,000 | – | 565,700 | – | 2.28% | – |
| PG | New | The Procter and Gamble Co. | $51,678,000 | – | 660,500 | – | 1.79% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ZBH | Exit | Zimmer Holdings, Inc. | $0 | – | -638,700 | – | -2.36% | – |
| BBBY | Exit | Bed Bath & Beyond Inc. | $0 | – | -1,020,800 | – | -2.47% | – |
| DEO | Exit | Diageo PLC | $0 | – | -592,100 | – | -2.51% | – |
| BDX | Exit | Becton, Dickinson and Company | $0 | – | -626,300 | – | -2.62% | – |
| PG | Exit | The Procter and Gamble Co. | $0 | – | -876,500 | – | -2.70% | – |
| MS | Exit | Morgan Stanley | $0 | – | -2,238,500 | – | -2.85% | – |
| UNH | Exit | UnitedHealth Group Inc. | $0 | – | -1,029,900 | – | -3.27% | – |
| MMM | Exit | 3M Company | $0 | – | -644,500 | – | -3.36% | – |
| AET | Exit | Aetna Inc. | $0 | – | -1,193,400 | – | -3.56% | – |
| JPM | Exit | JPMorgan Chase & Co. | $0 | – | -1,671,500 | – | -3.70% | – |
| GS | Exit | Goldman Sachs Group Inc. | $0 | – | -558,050 | – | -3.77% | – |
| WFC | Exit | Wells Fargo & Company | $0 | – | -2,193,700 | – | -4.19% | – |
| KO | Exit | The Coca-Cola Co. | $0 | – | -2,778,300 | – | -4.36% | – |
| V107SC | Exit | WellPoint, Inc. | $0 | – | -1,077,600 | – | -4.74% | – |
| JNJ | Exit | Johnson & Johnson | $0 | – | -1,306,900 | – | -5.12% | – |
| MCD | Exit | McDonald's Corp. | $0 | – | -1,487,700 | – | -5.19% | – |
| IBM | Exit | International Business Machine | $0 | – | -806,250 | – | -5.63% | – |
| TGT | Exit | Target Corp. | $0 | – | -2,470,800 | – | -5.70% | – |
| CVS | Exit | CVS Health Corporation | $0 | – | -1,948,800 | – | -5.71% | – |
| PEP | Exit | PepsiCo, Inc. | $0 | – | -1,818,300 | – | -6.23% | – |
| AXP | Exit | American Express Co. | $0 | – | -1,938,800 | – | -6.24% | – |
| MSFT | Exit | Microsoft Corp. | $0 | – | -3,955,300 | – | -6.75% | – |
| WMT | Exit | Wal-Mart Stores, Inc. | $0 | – | -2,478,700 | – | -6.97% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WMT | Sell | Wal-Mart Stores, Inc. | $189,546,000 | +1.2% | 2,478,700 | -0.6% | 6.97% | -0.8% |
| MSFT | Sell | Microsoft Corp. | $183,368,000 | +10.5% | 3,955,300 | -0.6% | 6.75% | +8.3% |
| AXP | Sell | American Express Co. | $169,723,000 | -8.3% | 1,938,800 | -0.6% | 6.24% | -10.1% |
| PEP | Sell | PepsiCo, Inc. | $169,266,000 | +3.3% | 1,818,300 | -0.8% | 6.23% | +1.3% |
| CVS | Sell | CVS Health Corporation | $155,105,000 | +4.9% | 1,948,800 | -0.6% | 5.71% | +2.9% |
| TGT | Sell | Target Corp. | $154,870,000 | +7.5% | 2,470,800 | -0.6% | 5.70% | +5.4% |
| IBM | Sell | International Business Machine | $153,050,000 | +4.1% | 806,250 | -0.6% | 5.63% | +2.0% |
| MCD | Sell | McDonald's Corp. | $141,049,000 | -6.5% | 1,487,700 | -0.6% | 5.19% | -8.3% |
| JNJ | Sell | Johnson & Johnson | $139,302,000 | +1.3% | 1,306,900 | -0.6% | 5.12% | -0.7% |
| V107SC | Sell | WellPoint, Inc. | $128,903,000 | +10.4% | 1,077,600 | -0.7% | 4.74% | +8.3% |
| KO | Sell | The Coca-Cola Co. | $118,522,000 | +0.1% | 2,778,300 | -0.6% | 4.36% | -1.9% |
| WFC | Sell | Wells Fargo & Company | $113,787,000 | -1.9% | 2,193,700 | -0.6% | 4.19% | -3.8% |
| GS | Sell | Goldman Sachs Group Inc. | $102,441,000 | +9.0% | 558,050 | -0.6% | 3.77% | +6.9% |
| JPM | Sell | JPMorgan Chase & Co. | $100,691,000 | +3.8% | 1,671,500 | -0.7% | 3.70% | +1.8% |
| AET | Sell | Aetna Inc. | $96,665,000 | -0.7% | 1,193,400 | -0.6% | 3.56% | -2.7% |
| MMM | Sell | 3M Company | $91,313,000 | -1.7% | 644,500 | -0.6% | 3.36% | -3.6% |
| UNH | Sell | UnitedHealth Group Inc. | $88,829,000 | +4.8% | 1,029,900 | -0.7% | 3.27% | +2.8% |
| MS | Sell | Morgan Stanley | $77,385,000 | +6.3% | 2,238,500 | -0.6% | 2.85% | +4.2% |
| PG | Sell | The Procter and Gamble Co. | $73,398,000 | +5.1% | 876,500 | -1.4% | 2.70% | +3.1% |
| BDX | Sell | Becton, Dickinson and Company | $71,279,000 | -4.4% | 626,300 | -0.6% | 2.62% | -6.3% |
| DEO | Sell | Diageo PLC | $68,328,000 | -9.8% | 592,100 | -0.6% | 2.51% | -11.6% |
| BBBY | Sell | Bed Bath & Beyond Inc. | $67,199,000 | +14.3% | 1,020,800 | -0.4% | 2.47% | +12.0% |
| ZBH | Sell | Zimmer Holdings, Inc. | $64,221,000 | -3.8% | 638,700 | -0.6% | 2.36% | -5.7% |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WMT | New | Wal-Mart Stores, Inc. | $187,255,000 | – | 2,494,400 | – | 7.03% | – |
| AXP | New | American Express Co. | $185,072,000 | – | 1,950,800 | – | 6.94% | – |
| MSFT | New | Microsoft Corp. | $165,999,000 | – | 3,980,800 | – | 6.23% | – |
| PEP | New | PepsiCo, Inc. | $163,796,000 | – | 1,833,400 | – | 6.15% | – |
| MCD | New | McDonald's Corp. | $150,798,000 | – | 1,496,900 | – | 5.66% | – |
| CVS | New | CVS Caremark Corp. | $147,793,000 | – | 1,960,900 | – | 5.54% | – |
| IBM | New | International Business Machine | $147,073,000 | – | 811,350 | – | 5.52% | – |
| TGT | New | Target Corp. | $144,023,000 | – | 2,485,300 | – | 5.40% | – |
| JNJ | New | Johnson & Johnson | $137,575,000 | – | 1,315,000 | – | 5.16% | – |
| KO | New | The Coca-Cola Co. | $118,456,000 | – | 2,796,400 | – | 4.44% | – |
| V107SC | New | WellPoint, Inc. | $116,725,000 | – | 1,084,700 | – | 4.38% | – |
| WFC | New | Wells Fargo & Company | $116,021,000 | – | 2,207,400 | – | 4.35% | – |
| AET | New | Aetna Inc. | $97,377,000 | – | 1,201,000 | – | 3.65% | – |
| JPM | New | JPMorgan Chase & Co. | $96,992,000 | – | 1,683,300 | – | 3.64% | – |
| GS | New | Goldman Sachs Group Inc. | $94,009,000 | – | 561,450 | – | 3.53% | – |
| MMM | New | 3M Company | $92,891,000 | – | 648,500 | – | 3.48% | – |
| UNH | New | UnitedHealth Group Inc. | $84,750,000 | – | 1,036,700 | – | 3.18% | – |
| DEO | New | Diageo PLC | $75,777,000 | – | 595,400 | – | 2.84% | – |
| BDX | New | Becton, Dickinson and Company | $74,553,000 | – | 630,200 | – | 2.80% | – |
| MS | New | Morgan Stanley | $72,823,000 | – | 2,252,500 | – | 2.73% | – |
| PG | New | The Procter and Gamble Co. | $69,827,000 | – | 888,500 | – | 2.62% | – |
| ZBH | New | Zimmer Holdings, Inc. | $66,751,000 | – | 642,700 | – | 2.50% | – |
| BBBY | New | Bed Bath & Beyond Inc. | $58,814,000 | – | 1,025,000 | – | 2.21% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ZBH | Exit | Zimmer Holdings, Inc.y | $0 | – | -667,600 | – | -2.36% | – |
| PFE | Exit | Pfizer Inc.y | $0 | – | -1,982,000 | – | -2.45% | – |
| AET | Exit | Aetna Inc.y | $0 | – | -946,700 | – | -2.60% | – |
| MS | Exit | Morgan Stanleyy | $0 | – | -2,296,100 | – | -2.66% | – |
| BDX | Exit | Becton, Dickinson and Companyy | $0 | – | -655,100 | – | -2.82% | – |
| PG | Exit | The Procter and Gamble Co.y | $0 | – | -922,400 | – | -3.00% | – |
| UNH | Exit | UnitedHealth Group Inc.y | $0 | – | -1,076,600 | – | -3.31% | – |
| DEO | Exit | Diageo PLCy | $0 | – | -618,400 | – | -3.38% | – |
| MMM | Exit | 3M Companyy | $0 | – | -672,400 | – | -3.45% | – |
| GS | Exit | Goldman Sachs Group Inc.y | $0 | – | -571,550 | – | -3.88% | – |
| JPM | Exit | JPMorgan Chase & Co.y | $0 | – | -1,773,500 | – | -3.94% | – |
| V107SC | Exit | WellPoint, Inc.y | $0 | – | -1,126,900 | – | -4.05% | – |
| WFC | Exit | Wells Fargo & Companyy | $0 | – | -2,282,200 | – | -4.05% | – |
| CVS | Exit | CVS Caremark Corp.y | $0 | – | -1,891,500 | – | -4.61% | – |
| KO | Exit | The Coca-Cola Co.y | $0 | – | -2,904,300 | – | -4.73% | – |
| TGT | Exit | Target Corp.y | $0 | – | -1,832,800 | – | -5.04% | – |
| JNJ | Exit | Johnson & Johnsony | $0 | – | -1,362,800 | – | -5.08% | – |
| IBM | Exit | International Business Machiney | $0 | – | -699,050 | – | -5.56% | – |
| MSFT | Exit | Microsoft Corp.y | $0 | – | -4,134,900 | – | -5.91% | – |
| MCD | Exit | McDonald's Corp.y | $0 | – | -1,553,600 | – | -6.42% | – |
| PEP | Exit | PepsiCo, Inc.y | $0 | – | -1,905,700 | – | -6.51% | – |
| AXP | Exit | American Express Co.y | $0 | – | -2,024,700 | – | -6.57% | – |
| WMT | Exit | Wal-Mart Stores, Inc.y | $0 | – | -2,407,000 | – | -7.65% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WMT | Buy | Wal-Mart Stores, Inc.y | $178,022,000 | +3.7% | 2,407,000 | +4.4% | 7.65% | +2.5% |
| AXP | Buy | American Express Co.y | $152,905,000 | +5.3% | 2,024,700 | +4.2% | 6.57% | +4.1% |
| PEP | Buy | PepsiCo, Inc.y | $151,503,000 | +1.5% | 1,905,700 | +4.4% | 6.51% | +0.4% |
| MCD | Buy | McDonald's Corp.y | $149,472,000 | +1.6% | 1,553,600 | +4.5% | 6.42% | +0.5% |
| MSFT | Buy | Microsoft Corp.y | $137,609,000 | +0.3% | 4,134,900 | +4.2% | 5.91% | -0.8% |
| IBM | Buy | International Business Machiney | $129,450,000 | +10.9% | 699,050 | +14.5% | 5.56% | +9.7% |
| JNJ | Buy | Johnson & Johnsony | $118,141,000 | +5.4% | 1,362,800 | +4.4% | 5.08% | +4.2% |
| TGT | Buy | Target Corp.y | $117,263,000 | -1.4% | 1,832,800 | +6.1% | 5.04% | -2.5% |
| KO | Buy | The Coca-Cola Co.y | $110,015,000 | -1.6% | 2,904,300 | +4.2% | 4.73% | -2.7% |
| CVS | Buy | CVS Caremark Corp.y | $107,343,000 | +4.3% | 1,891,500 | +5.1% | 4.61% | +3.2% |
| WFC | Buy | Wells Fargo & Companyy | $94,301,000 | +4.2% | 2,282,200 | +4.1% | 4.05% | +3.0% |
| V107SC | Buy | WellPoint, Inc.y | $94,220,000 | +6.5% | 1,126,900 | +4.3% | 4.05% | +5.4% |
| JPM | Buy | JPMorgan Chase & Co.y | $91,672,000 | +2.2% | 1,773,500 | +4.4% | 3.94% | +1.1% |
| GS | Buy | Goldman Sachs Group Inc.y | $90,425,000 | +9.2% | 571,550 | +4.4% | 3.88% | +8.0% |
| MMM | Buy | 3M Companyy | $80,291,000 | +13.6% | 672,400 | +4.0% | 3.45% | +12.3% |
| DEO | Buy | Diageo PLCy | $78,586,000 | +16.0% | 618,400 | +4.9% | 3.38% | +14.7% |
| UNH | Buy | UnitedHealth Group Inc.y | $77,095,000 | +13.9% | 1,076,600 | +4.2% | 3.31% | +12.7% |
| PG | Buy | The Procter and Gamble Co.y | $69,724,000 | +2.2% | 922,400 | +4.1% | 3.00% | +1.1% |
| BDX | Buy | Becton, Dickinson and Companyy | $65,523,000 | +5.5% | 655,100 | +4.2% | 2.82% | +4.3% |
| MS | Buy | Morgan Stanleyy | $61,880,000 | +15.2% | 2,296,100 | +4.4% | 2.66% | +13.9% |
| AET | Buy | Aetna Inc.y | $60,608,000 | +6.3% | 946,700 | +5.5% | 2.60% | +5.1% |
| PFE | Sell | Pfizer Inc.y | $56,943,000 | -14.3% | 1,982,000 | -16.5% | 2.45% | -15.3% |
| ZBH | Buy | Zimmer Holdings, Inc.y | $54,837,000 | +13.8% | 667,600 | +3.8% | 2.36% | +12.5% |
| NKE | Exit | NIKE, Inc. | $0 | – | -1,186,400 | – | -3.28% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WMT | New | Wal-Mart Stores, Inc. | $171,722,000 | – | 2,305,300 | – | 7.46% | – |
| PEP | New | PepsiCo, Inc. | $149,291,000 | – | 1,825,300 | – | 6.48% | – |
| MCD | New | McDonald's Corp. | $147,134,000 | – | 1,486,200 | – | 6.39% | – |
| AXP | New | American Express Co. | $145,259,000 | – | 1,943,000 | – | 6.31% | – |
| MSFT | New | Microsoft Corp. | $137,146,000 | – | 3,969,500 | – | 5.96% | – |
| TGT | New | Target Corp. | $118,963,000 | – | 1,727,600 | – | 5.17% | – |
| IBM | New | International Business Machine | $116,701,000 | – | 610,650 | – | 5.07% | – |
| JNJ | New | Johnson & Johnson | $112,090,000 | – | 1,305,500 | – | 4.87% | – |
| KO | New | The Coca-Cola Co. | $111,847,000 | – | 2,788,500 | – | 4.86% | – |
| CVS | New | CVS Caremark Corp. | $102,890,000 | – | 1,799,400 | – | 4.47% | – |
| WFC | New | Wells Fargo & Company | $90,513,000 | – | 2,193,200 | – | 3.93% | – |
| JPM | New | JPMorgan Chase & Co. | $89,674,000 | – | 1,698,700 | – | 3.90% | – |
| V107SC | New | WellPoint, Inc. | $88,444,000 | – | 1,080,700 | – | 3.84% | – |
| GS | New | Goldman Sachs Group Inc. | $82,832,000 | – | 547,650 | – | 3.60% | – |
| NKE | New | NIKE, Inc. | $75,550,000 | – | 1,186,400 | – | 3.28% | – |
| MMM | New | 3M Company | $70,684,000 | – | 646,400 | – | 3.07% | – |
| PG | New | The Procter and Gamble Co. | $68,198,000 | – | 885,800 | – | 2.96% | – |
| DEO | New | Diageo PLC | $67,763,000 | – | 589,500 | – | 2.94% | – |
| UNH | New | UnitedHealth Group Inc. | $67,667,000 | – | 1,033,400 | – | 2.94% | – |
| PFE | New | Pfizer Inc. | $66,473,000 | – | 2,373,200 | – | 2.89% | – |
| BDX | New | Becton, Dickinson and Company | $62,134,000 | – | 628,700 | – | 2.70% | – |
| AET | New | Aetna Inc. | $57,027,000 | – | 897,500 | – | 2.48% | – |
| MS | New | Morgan Stanley | $53,724,000 | – | 2,199,100 | – | 2.33% | – |
| ZBH | New | Zimmer Holdings, Inc. | $48,194,000 | – | 643,100 | – | 2.09% | – |