Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Sell | MICROSOFT CORP | $2,730,865,547 | -11.0% | 8,648,822 | -4.0% | 12.41% | -3.6% |
| SYK | Buy | STRYKER CORP | $1,508,123,296 | -10.3% | 5,518,803 | +0.1% | 6.85% | -2.9% |
| FB | Sell | META PLATFORMS INC-CLASS Acl a | $1,502,894,790 | -7.4% | 5,006,145 | -11.4% | 6.83% | +0.3% |
| PM | Sell | PHILIP MORRIS INTERNATIONAL | $1,394,674,743 | -9.5% | 15,064,536 | -4.6% | 6.34% | -2.0% |
| ADP | Sell | AUTOMATIC DATA PROCESSING | $1,328,124,777 | +9.3% | 5,520,512 | -0.1% | 6.04% | +18.4% |
| V | Sell | VISA INC CLASS A SHARES | $1,324,075,336 | -3.2% | 5,756,599 | -0.1% | 6.02% | +4.8% |
| IDXX | Buy | IDEXX LABORATORIES INC | $1,296,310,528 | -12.8% | 2,964,554 | +0.1% | 5.89% | -5.6% |
| MKC | Sell | MCCORMICK & CO NON VTG SHRS | $1,158,249,981 | -14.2% | 15,312,665 | -1.0% | 5.26% | -7.0% |
| PEP | Sell | PEPSICO INC | $1,124,958,248 | -8.6% | 6,639,272 | -0.1% | 5.11% | -1.0% |
| WAT | Sell | WATERS CORP | $1,043,778,720 | +2.8% | 3,806,494 | -0.1% | 4.74% | +11.3% |
| GOOGL | Sell | ALPHABET CL A ORDcap stk cl a | $993,060,946 | +8.9% | 7,588,728 | -0.4% | 4.51% | +18.0% |
| MAR | Buy | MARRIOTT INTERNATIONAL CL Acl a | $864,015,057 | +2400.2% | 4,395,681 | +2236.5% | 3.93% | +2607.6% |
| PG | Sell | PROCTER & GAMBLE ORD | $706,921,138 | -3.9% | 4,846,573 | -0.1% | 3.21% | +4.0% |
| BFB | Sell | BROWN FORMAN CORP CLASS Bcl b | $697,251,205 | -14.4% | 12,086,171 | -0.9% | 3.17% | -7.3% |
| CHD | Buy | CHURCH AND DWIGHT ORD | $666,604,951 | -0.3% | 7,274,964 | +9.1% | 3.03% | +8.0% |
| NKE | Sell | NIKE INC CL Bcl b | $640,870,292 | -13.5% | 6,702,262 | -0.1% | 2.91% | -6.3% |
| MTD | Sell | METTLER TOLEDO ORD | $629,959,956 | -15.6% | 568,520 | -0.1% | 2.86% | -8.6% |
| OTIS | Sell | OTIS WORLDWIDE ORD | $518,072,823 | -9.8% | 6,450,913 | -0.1% | 2.35% | -2.4% |
| FTNT | Buy | FORTINET ORD | $288,954,462 | +65.2% | 4,924,241 | +112.9% | 1.31% | +78.9% |
| AAPL | Buy | Apple | $228,271,896 | -11.7% | 1,333,286 | +0.0% | 1.04% | -4.4% |
| VRSN | Sell | VERISIGN INC | $135,728,720 | -11.0% | 670,166 | -0.7% | 0.62% | -3.6% |
| VRSK | Sell | VERISK ANALYTICS INC | $124,369,493 | +3.8% | 526,454 | -0.7% | 0.56% | +12.3% |
| MSCI | Sell | MSCI INC | $107,679,587 | +8.6% | 209,869 | -0.7% | 0.49% | +17.5% |
| SABR | Sell | SABRE CORP | $101,258,740 | +39.8% | 22,552,058 | -0.7% | 0.46% | +51.3% |
| QLYS | Sell | QUALYS INC | $99,751,682 | +17.3% | 653,895 | -0.7% | 0.45% | +26.9% |
| EXPO | Sell | EXPONENT INC | $93,521,852 | -8.9% | 1,092,545 | -0.7% | 0.42% | -1.4% |
| EFX | Sell | EQUIFAX INC | $90,107,341 | -22.7% | 491,906 | -0.7% | 0.41% | -16.4% |
| GGG | Sell | GRACO ORD | $89,130,491 | -16.0% | 1,222,976 | -0.5% | 0.40% | -9.0% |
| CGNX | Sell | COGNEX CORP | $86,818,277 | -24.8% | 2,045,671 | -0.7% | 0.39% | -18.6% |
| IEX | Sell | IDEX ORD | $80,921,444 | -3.9% | 389,008 | -0.5% | 0.37% | +4.2% |
| ROL | Sell | ROLLINS ORD | $63,995,976 | -13.4% | 1,714,331 | -0.7% | 0.29% | -6.1% |
| IPGP | Sell | IPG PHOTONICS CORP | $56,472,182 | -25.8% | 556,157 | -0.7% | 0.26% | -19.4% |
| HD | Buy | HOME DEPOT ORD | $44,616,039 | -2.5% | 147,657 | +0.2% | 0.20% | +5.7% |
| JNJ | Buy | JOHNSON & JOHNSON | $42,734,374 | -5.7% | 274,378 | +0.2% | 0.19% | +2.1% |
| PAYC | Sell | PAYCOM SOFTWARE INC | $41,458,310 | -19.8% | 159,904 | -0.7% | 0.19% | -13.4% |
| ZTS | Buy | ZOETIS CL A ORDcl a | $38,763,266 | +1.2% | 222,803 | +0.2% | 0.18% | +9.3% |
| MA | Buy | MASTERCARD CL A ORDcl a | $24,846,520 | +1.3% | 62,758 | +0.7% | 0.11% | +9.7% |
| MCD | New | MCDONALD S ORD | $24,320,781 | – | 92,320 | – | 0.11% | – |
| New | ODDITY TECH LTD | $16,301,250 | – | 575,000 | – | 0.07% | – | |
| MASI | Exit | MASIMO CORP | $0 | – | -730,377 | – | -0.50% | – |
| EL | Exit | ESTEE LAUDER COMPANIES CL Acl a | $0 | – | -5,418,525 | – | -4.46% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | MICROSOFT CORP | $3,069,147,739 | – | 9,012,591 | – | 12.88% | – |
| SYK | New | STRYKER CORP | $1,681,547,773 | – | 5,511,645 | – | 7.06% | – |
| FB | New | META PLATFORMS INC-CLASS Acl a | $1,622,337,256 | – | 5,653,137 | – | 6.81% | – |
| PM | New | PHILIP MORRIS INTERNATIONAL | $1,540,923,500 | – | 15,784,916 | – | 6.46% | – |
| IDXX | New | IDEXX LABORATORIES INC | $1,487,379,759 | – | 2,961,551 | – | 6.24% | – |
| V | New | VISA INC CLASS A SHARES | $1,368,189,487 | – | 5,761,283 | – | 5.74% | – |
| MKC | New | MCCORMICK & CO NON VTG SHRS | $1,349,195,744 | – | 15,467,107 | – | 5.66% | – |
| PEP | New | PEPSICO INC | $1,230,780,788 | – | 6,644,967 | – | 5.16% | – |
| ADP | New | AUTOMATIC DATA PROCESSING | $1,214,640,423 | – | 5,526,368 | – | 5.10% | – |
| EL | New | ESTEE LAUDER COMPANIES CL Acl a | $1,064,089,940 | – | 5,418,525 | – | 4.46% | – |
| WAT | New | WATERS CORP | $1,015,376,933 | – | 3,809,473 | – | 4.26% | – |
| GOOGL | New | ALPHABET CL A ORDcap stk cl a | $911,591,629 | – | 7,615,636 | – | 3.82% | – |
| BFB | New | BROWN FORMAN CORP CLASS Bcl b | $814,416,625 | – | 12,195,517 | – | 3.42% | – |
| MTD | New | METTLER TOLEDO ORD | $746,512,036 | – | 569,144 | – | 3.13% | – |
| NKE | New | NIKE INC CL Bcl b | $740,653,999 | – | 6,710,646 | – | 3.11% | – |
| PG | New | PROCTER & GAMBLE ORD | $735,814,118 | – | 4,849,177 | – | 3.09% | – |
| CHD | New | CHURCH AND DWIGHT ORD | $668,409,414 | – | 6,668,756 | – | 2.80% | – |
| OTIS | New | OTIS WORLDWIDE ORD | $574,596,133 | – | 6,455,411 | – | 2.41% | – |
| AAPL | New | Apple | $258,491,211 | – | 1,332,635 | – | 1.08% | – |
| FTNT | New | FORTINET ORD | $174,862,574 | – | 2,313,303 | – | 0.73% | – |
| VRSN | New | VERISIGN INC | $152,482,522 | – | 674,791 | – | 0.64% | – |
| MASI | New | MASIMO CORP | $120,183,535 | – | 730,377 | – | 0.50% | – |
| VRSK | New | VERISK ANALYTICS INC | $119,815,565 | – | 530,087 | – | 0.50% | – |
| EFX | New | EQUIFAX INC | $116,544,325 | – | 495,301 | – | 0.49% | – |
| CGNX | New | COGNEX CORP | $115,389,324 | – | 2,059,788 | – | 0.48% | – |
| GGG | New | GRACO ORD | $106,143,838 | – | 1,229,228 | – | 0.44% | – |
| EXPO | New | EXPONENT INC | $102,661,425 | – | 1,100,101 | – | 0.43% | – |
| MSCI | New | MSCI INC | $99,168,955 | – | 211,317 | – | 0.42% | – |
| QLYS | New | QUALYS INC | $85,046,432 | – | 658,407 | – | 0.36% | – |
| IEX | New | IDEX ORD | $84,193,352 | – | 391,124 | – | 0.35% | – |
| IPGP | New | IPG PHOTONICS CORP | $76,086,092 | – | 560,198 | – | 0.32% | – |
| ROL | New | ROLLINS ORD | $73,931,476 | – | 1,726,161 | – | 0.31% | – |
| SABR | New | SABRE CORP | $72,437,522 | – | 22,707,687 | – | 0.30% | – |
| PAYC | New | PAYCOM SOFTWARE INC | $51,721,889 | – | 161,007 | – | 0.22% | – |
| HD | New | HOME DEPOT ORD | $45,782,434 | – | 147,381 | – | 0.19% | – |
| JNJ | New | JOHNSON & JOHNSON | $45,329,969 | – | 273,864 | – | 0.19% | – |
| ZTS | New | ZOETIS CL A ORDcl a | $38,297,093 | – | 222,386 | – | 0.16% | – |
| MAR | New | MARRIOTT INTERNATIONAL CL Acl a | $34,557,416 | – | 188,129 | – | 0.14% | – |
| MA | New | MASTERCARD CL A ORDcl a | $24,515,962 | – | 62,334 | – | 0.10% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| EW | Exit | EDWARDS LIFESCIENCES ORD | $0 | – | -9,979 | – | -0.00% | – |
| XP | Exit | XP CLASS Acl a | $0 | – | -253,367 | – | -0.02% | – |
| TSM | Exit | Taiwan Semiconductor Manufacturing US ADRsponsored ads | $0 | – | -155,558 | – | -0.05% | – |
| G | Exit | Genpact Ltd | $0 | – | -317,337 | – | -0.07% | – |
| WNS | Exit | WNS HOLDINGS - ADRsponsored ads | $0 | – | -193,179 | – | -0.08% | – |
| IEX | Exit | IDEX ORD | $0 | – | -95,928 | – | -0.09% | – |
| MELI | Exit | MERCADOLIBRE | $0 | – | -24,225 | – | -0.10% | – |
| ZTS | Exit | ZOETIS CL A ORDcl a | $0 | – | -223,185 | – | -0.16% | – |
| PG | Exit | PROCTER & GAMBLE ORD | $0 | – | -314,211 | – | -0.19% | – |
| HD | Exit | HOME DEPOT ORD | $0 | – | -152,255 | – | -0.20% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -274,847 | – | -0.21% | – |
| PAYC | Exit | PAYCOM SOFTWARE INC | $0 | – | -161,308 | – | -0.25% | – |
| ROL | Exit | ROLLINS ORD | $0 | – | -1,728,084 | – | -0.28% | – |
| ANSS | Exit | ANSYS INC | $0 | – | -274,559 | – | -0.29% | – |
| AAPL | Exit | AAPL US | $0 | – | -456,485 | – | -0.30% | – |
| IPGP | Exit | IPG PHOTONICS CORP | $0 | – | -855,203 | – | -0.34% | – |
| EFX | Exit | EQUIFAX INC | $0 | – | -495,850 | – | -0.40% | – |
| CGNX | Exit | COGNEX CORP | $0 | – | -2,062,083 | – | -0.41% | – |
| MSCI | Exit | MSCI INC | $0 | – | -211,551 | – | -0.42% | – |
| VRSK | Exit | VERISK ANALYTICS INC | $0 | – | -530,677 | – | -0.43% | – |
| QLYS | Exit | QUALYS INC | $0 | – | -661,420 | – | -0.44% | – |
| MASI | Exit | MASIMO CORP | $0 | – | -765,161 | – | -0.51% | – |
| FTNT | Exit | FORTINET ORD | $0 | – | -2,315,857 | – | -0.54% | – |
| SABR | Exit | SABRE CORP | $0 | – | -22,732,769 | – | -0.56% | – |
| VRSN | Exit | VERISIGN INC | $0 | – | -675,533 | – | -0.56% | – |
| OTIS | Exit | OTIS WORLDWIDE ORD | $0 | – | -6,285,878 | – | -1.90% | – |
| PYPL | Exit | PAYPAL HOLDINGS INC | $0 | – | -5,611,242 | – | -2.29% | – |
| NKE | Exit | NIKE INC CL Bcl b | $0 | – | -6,734,408 | – | -2.66% | – |
| ADBE | Exit | ADOBE ORD | $0 | – | -2,111,297 | – | -2.76% | – |
| CHD | Exit | CHURCH AND DWIGHT ORD | $0 | – | -8,458,025 | – | -2.87% | – |
| MTD | Exit | METTLER TOLEDO ORD | $0 | – | -561,456 | – | -2.89% | – |
| INTU | Exit | INTUIT INC | $0 | – | -1,696,667 | – | -3.12% | – |
| GOOGL | Exit | ALPHABET CL A ORDcap stk cl a | $0 | – | -7,632,828 | – | -3.47% | – |
| FB | Exit | META PLATFORMS INC-CLASS Acl a | $0 | – | -5,480,284 | – | -3.53% | – |
| AMZN | Exit | AMAZON COM ORD | $0 | – | -6,784,322 | – | -3.64% | – |
| BFB | Exit | BROWN FORMAN CORP CLASS Bcl b | $0 | – | -12,226,340 | – | -3.86% | – |
| WAT | Exit | WATERS CORP | $0 | – | -3,693,197 | – | -4.72% | – |
| V | Exit | VISA INC CLASS A SHARES | $0 | – | -5,635,390 | – | -4.75% | – |
| MKC | Exit | MCCORMICK & CO NON VTG SHRS | $0 | – | -15,506,721 | – | -5.25% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -5,628,569 | – | -5.41% | – |
| PEP | Exit | PEPSICO INC | $0 | – | -7,144,313 | – | -5.54% | – |
| IDXX | Exit | IDEXX LABORATORIES INC | $0 | – | -3,620,777 | – | -5.60% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING | $0 | – | -5,571,678 | – | -5.98% | – |
| EL | Exit | ESTEE LAUDER COMPANIES CL Acl a | $0 | – | -5,955,974 | – | -6.10% | – |
| PM | Exit | PHILIP MORRIS INTERNATIONAL | $0 | – | -16,489,067 | – | -6.50% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -9,284,614 | – | -10.26% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Sell | MICROSOFT CORP | $2,162,387,000 | -16.0% | 9,284,614 | -7.3% | 10.26% | -9.6% |
| PM | Buy | PHILIP MORRIS INTERNATIONAL | $1,368,757,000 | -15.9% | 16,489,067 | +0.1% | 6.50% | -9.5% |
| EL | Buy | ESTEE LAUDER COMPANIES CL Acl a | $1,285,895,000 | -15.2% | 5,955,974 | +0.1% | 6.10% | -8.7% |
| ADP | Buy | AUTOMATIC DATA PROCESSING | $1,260,258,000 | +7.8% | 5,571,678 | +0.1% | 5.98% | +16.0% |
| IDXX | Buy | IDEXX LABORATORIES INC | $1,179,649,000 | -7.1% | 3,620,777 | +0.1% | 5.60% | 0.0% |
| PEP | Buy | PEPSICO INC | $1,166,381,000 | -1.9% | 7,144,313 | +0.1% | 5.54% | +5.5% |
| SYK | Sell | STRYKER CORP | $1,140,010,000 | -5.3% | 5,628,569 | -7.0% | 5.41% | +1.9% |
| MKC | Buy | MCCORMICK & CO NON VTG SHRS | $1,105,164,000 | -14.3% | 15,506,721 | +0.1% | 5.25% | -7.8% |
| V | Buy | VISA INC CLASS A SHARES | $1,001,127,000 | -9.7% | 5,635,390 | +0.1% | 4.75% | -2.8% |
| WAT | Buy | WATERS CORP | $995,427,000 | -18.5% | 3,693,197 | +0.1% | 4.72% | -12.3% |
| BFB | Buy | BROWN FORMAN CORP CLASS Bcl b | $813,907,000 | -5.0% | 12,226,340 | +0.1% | 3.86% | +2.2% |
| AMZN | Buy | AMAZON COM ORD | $766,628,000 | +6.5% | 6,784,322 | +0.1% | 3.64% | +14.5% |
| FB | Buy | META PLATFORMS INC-CLASS Acl a | $743,565,000 | -15.8% | 5,480,284 | +0.1% | 3.53% | -9.4% |
| GOOGL | Buy | ALPHABET CL A ORDcap stk cl a | $730,080,000 | +1657.5% | 7,632,828 | +1902.0% | 3.47% | +1794.0% |
| INTU | Sell | INTUIT INC | $657,153,000 | -28.1% | 1,696,667 | -28.5% | 3.12% | -22.7% |
| MTD | Buy | METTLER TOLEDO ORD | $608,686,000 | -2.0% | 561,456 | +3.9% | 2.89% | +5.5% |
| CHD | Buy | CHURCH AND DWIGHT ORD | $604,241,000 | -22.8% | 8,458,025 | +0.2% | 2.87% | -16.9% |
| ADBE | Buy | ADOBE ORD | $581,029,000 | -24.7% | 2,111,297 | +0.1% | 2.76% | -19.0% |
| NKE | Buy | NIKE INC CL Bcl b | $559,764,000 | -18.6% | 6,734,408 | +0.1% | 2.66% | -12.4% |
| PYPL | Sell | PAYPAL HOLDINGS INC | $482,960,000 | -28.4% | 5,611,242 | -41.9% | 2.29% | -22.9% |
| OTIS | New | OTIS WORLDWIDE ORD | $401,039,000 | – | 6,285,878 | – | 1.90% | – |
| VRSN | Buy | VERISIGN INC | $117,340,000 | +5.1% | 675,533 | +1.2% | 0.56% | +13.0% |
| SABR | Buy | SABRE CORP | $117,074,000 | -10.6% | 22,732,769 | +1.2% | 0.56% | -3.8% |
| FTNT | Buy | FORTINET ORD | $113,778,000 | -12.2% | 2,315,857 | +1.2% | 0.54% | -5.4% |
| MASI | Buy | MASIMO CORP | $108,010,000 | +9.3% | 765,161 | +1.2% | 0.51% | +17.7% |
| QLYS | Sell | QUALYS INC | $92,195,000 | -21.4% | 661,420 | -28.9% | 0.44% | -15.4% |
| VRSK | Buy | VERISK ANALYTICS INC | $90,496,000 | -0.4% | 530,677 | +1.1% | 0.43% | +7.2% |
| MSCI | Buy | MSCI INC | $89,230,000 | +3.5% | 211,551 | +1.2% | 0.42% | +11.6% |
| CGNX | Buy | COGNEX CORP | $85,473,000 | -1.3% | 2,062,083 | +1.2% | 0.41% | +6.3% |
| EFX | Buy | EQUIFAX INC | $85,004,000 | -5.1% | 495,850 | +1.2% | 0.40% | +2.0% |
| IPGP | Buy | IPG PHOTONICS CORP | $72,136,000 | -9.3% | 855,203 | +1.2% | 0.34% | -2.6% |
| AAPL | New | AAPL US | $63,086,000 | – | 456,485 | – | 0.30% | – |
| ANSS | Sell | ANSYS INC | $60,870,000 | -32.9% | 274,559 | -27.6% | 0.29% | -27.8% |
| ROL | Sell | ROLLINS ORD | $59,930,000 | -8.7% | 1,728,084 | -8.0% | 0.28% | -2.1% |
| PAYC | Sell | PAYCOM SOFTWARE INC | $53,230,000 | -25.7% | 161,308 | -36.9% | 0.25% | -19.9% |
| JNJ | Buy | JOHNSON & JOHNSON | $44,899,000 | -7.5% | 274,847 | +0.5% | 0.21% | -0.5% |
| HD | Buy | HOME DEPOT ORD | $42,013,000 | +1.1% | 152,255 | +0.5% | 0.20% | +8.7% |
| PG | Buy | PROCTER & GAMBLE ORD | $39,669,000 | -11.8% | 314,211 | +0.5% | 0.19% | -5.1% |
| ZTS | Buy | ZOETIS CL A ORDcl a | $33,096,000 | -13.3% | 223,185 | +0.5% | 0.16% | -6.5% |
| IEX | New | IDEX ORD | $19,171,000 | – | 95,928 | – | 0.09% | – |
| EW | New | EDWARDS LIFESCIENCES ORD | $825,000 | – | 9,979 | – | 0.00% | – |
| WING | Exit | WINGSTOP ORD | $0 | – | -825,464 | – | -0.27% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | MICROSOFT CORP | $2,573,574,000 | – | 10,020,534 | – | 11.36% | – |
| PM | New | PHILIP MORRIS INTERNATIONAL | $1,627,080,000 | – | 16,478,425 | – | 7.18% | – |
| EL | New | ESTEE LAUDER COMPANIES CL Acl a | $1,515,617,000 | – | 5,951,296 | – | 6.69% | – |
| MKC | New | MCCORMICK & CO NON VTG SHRS | $1,289,783,000 | – | 15,492,883 | – | 5.69% | – |
| IDXX | New | IDEXX LABORATORIES INC | $1,269,248,000 | – | 3,618,875 | – | 5.60% | – |
| WAT | New | WATERS CORP | $1,221,060,000 | – | 3,689,225 | – | 5.39% | – |
| SYK | New | STRYKER CORP | $1,203,496,000 | – | 6,049,848 | – | 5.31% | – |
| PEP | New | PEPSICO INC | $1,189,457,000 | – | 7,137,026 | – | 5.25% | – |
| ADP | New | AUTOMATIC DATA PROCESSING | $1,168,952,000 | – | 5,565,378 | – | 5.16% | – |
| V | New | VISA INC CLASS A SHARES | $1,108,558,000 | – | 5,630,342 | – | 4.89% | – |
| INTU | New | INTUIT INC | $914,043,000 | – | 2,371,428 | – | 4.03% | – |
| FB | New | META PLATFORMS INC-CLASS Acl a | $883,244,000 | – | 5,477,481 | – | 3.90% | – |
| BFB | New | BROWN FORMAN CORP CLASS Bcl b | $856,873,000 | – | 12,213,131 | – | 3.78% | – |
| CHD | New | CHURCH AND DWIGHT ORD | $782,445,000 | – | 8,444,261 | – | 3.45% | – |
| ADBE | New | ADOBE ORD | $771,965,000 | – | 2,108,848 | – | 3.41% | – |
| AMZN | New | AMAZON COM ORD | $720,000,000 | – | 6,779,020 | – | 3.18% | – |
| NKE | New | NIKE INC CL Bcl b | $687,575,000 | – | 6,727,737 | – | 3.03% | – |
| PYPL | New | PAYPAL HOLDINGS INC | $674,083,000 | – | 9,651,818 | – | 2.97% | – |
| MTD | New | METTLER TOLEDO ORD | $620,855,000 | – | 540,452 | – | 2.74% | – |
| SABR | New | SABRE CORP | $130,999,000 | – | 22,469,835 | – | 0.58% | – |
| FTNT | New | FORTINET ORD | $129,516,000 | – | 2,289,070 | – | 0.57% | – |
| QLYS | New | QUALYS INC | $117,336,000 | – | 930,206 | – | 0.52% | – |
| VRSN | New | VERISIGN INC | $111,692,000 | – | 667,498 | – | 0.49% | – |
| MASI | New | MASIMO CORP | $98,827,000 | – | 756,313 | – | 0.44% | – |
| VRSK | New | VERISK ANALYTICS INC | $90,841,000 | – | 524,820 | – | 0.40% | – |
| ANSS | New | ANSYS INC | $90,723,000 | – | 379,135 | – | 0.40% | – |
| EFX | New | EQUIFAX INC | $89,583,000 | – | 490,113 | – | 0.40% | – |
| CGNX | New | COGNEX CORP | $86,618,000 | – | 2,037,105 | – | 0.38% | – |
| MSCI | New | MSCI INC | $86,182,000 | – | 209,104 | – | 0.38% | – |
| IPGP | New | IPG PHOTONICS CORP | $79,569,000 | – | 845,311 | – | 0.35% | – |
| PAYC | New | PAYCOM SOFTWARE INC | $71,633,000 | – | 255,722 | – | 0.32% | – |
| ROL | New | ROLLINS ORD | $65,624,000 | – | 1,879,272 | – | 0.29% | – |
| WING | New | WINGSTOP ORD | $61,720,000 | – | 825,464 | – | 0.27% | – |
| JNJ | New | JOHNSON & JOHNSON | $48,541,000 | – | 273,454 | – | 0.21% | – |
| PG | New | PROCTER & GAMBLE ORD | $44,951,000 | – | 312,618 | – | 0.20% | – |
| HD | New | HOME DEPOT ORD | $41,553,000 | – | 151,505 | – | 0.18% | – |
| GOOGL | New | ALPHABET CL A ORDcap stk cl a | $41,542,000 | – | 381,252 | – | 0.18% | – |
| ZTS | New | ZOETIS CL A ORDcl a | $38,169,000 | – | 222,053 | – | 0.17% | – |
| MELI | New | MERCADOLIBRE | $15,428,000 | – | 24,225 | – | 0.07% | – |
| WNS | New | WNS HOLDINGS - ADRsponsored ads | $14,419,000 | – | 193,179 | – | 0.06% | – |
| G | New | Genpact Ltd | $13,442,000 | – | 317,337 | – | 0.06% | – |
| TSM | New | Taiwan Semiconductor Manufacturing US ADRsponsored ads | $12,717,000 | – | 155,558 | – | 0.06% | – |
| XP | New | XP CLASS Acl a | $4,550,000 | – | 253,367 | – | 0.02% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CL | Exit | COLGATE PALMOLIVE CO | $0 | – | -122,890 | – | -0.03% | – |
| XP | Exit | XP CLASS Acl a | $0 | – | -253,367 | – | -0.03% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored ads | $0 | – | -129,633 | – | -0.04% | – |
| G | Exit | GENPACT LIMITED | $0 | – | -305,208 | – | -0.04% | – |
| WNS | Exit | WNS HLDGS LTDsponsored ads | $0 | – | -188,912 | – | -0.04% | – |
| MELI | Exit | MERCADOLIBRE | $0 | – | -24,225 | – | -0.11% | – |
| PG | Exit | PROCTER AND GAMBLE CO | $0 | – | -318,181 | – | -0.12% | – |
| ZTS | Exit | ZOETIS INCcl a | $0 | – | -240,502 | – | -0.13% | – |
| HD | Exit | HOME DEPOT INC | $0 | – | -148,339 | – | -0.14% | – |
| ROL | Exit | ROLLINS INC | $0 | – | -2,248,561 | – | -0.22% | – |
| WING | Exit | WINGSTOP INC | $0 | – | -562,965 | – | -0.26% | – |
| PAYC | Exit | PAYCOM SOFTWARE | $0 | – | -217,906 | – | -0.30% | – |
| AOS | Exit | AO SMITH | $0 | – | -1,774,515 | – | -0.30% | – |
| MASI | Exit | MASIMO | $0 | – | -435,010 | – | -0.33% | – |
| QLYS | Exit | QUALYS | $0 | – | -1,070,513 | – | -0.33% | – |
| IPGP | Exit | IPG PHOTONICS | $0 | – | -798,462 | – | -0.35% | – |
| MSCI | Exit | MSCI | $0 | – | -210,520 | – | -0.35% | – |
| CGNX | Exit | COGNEX | $0 | – | -1,625,987 | – | -0.36% | – |
| VRSN | Exit | VERISIGN | $0 | – | -693,291 | – | -0.39% | – |
| ANSS | Exit | ANSYS | $0 | – | -464,652 | – | -0.44% | – |
| VRSK | Exit | VERISK ANALYTICS | $0 | – | -792,510 | – | -0.44% | – |
| EFX | Exit | EQUIFAX | $0 | – | -681,754 | – | -0.48% | – |
| FTNT | Exit | FORTINET INC | $0 | – | -634,415 | – | -0.51% | – |
| SABR | Exit | SABRE | $0 | – | -20,093,468 | – | -0.66% | – |
| CHD | Exit | CHURCH & DWIGHT INC | $0 | – | -11,022,496 | – | -2.52% | – |
| BFB | Exit | BROWN FORMAN CORP CLASS Bcl b | $0 | – | -14,422,611 | – | -2.67% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -7,203,569 | – | -3.22% | – |
| SBUX | Exit | STARBUCKS CORP | $0 | – | -10,745,026 | – | -3.28% | – |
| AMZN | Exit | AMAZON COM INC | $0 | – | -367,861 | – | -3.34% | – |
| NKE | Exit | NIKE INC CL Bcl b | $0 | – | -8,764,739 | – | -3.52% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING | $0 | – | -7,096,134 | – | -3.92% | – |
| V | Exit | VISA INC CLASS A SHARES | $0 | – | -6,595,049 | – | -4.06% | – |
| MKC | Exit | MCCORMICK & CO NON VTG SHRS | $0 | – | -18,713,629 | – | -4.19% | – |
| PEP | Exit | PEPSICO INC | $0 | – | -10,092,652 | – | -4.20% | – |
| WAT | Exit | WATERS CORP | $0 | – | -4,511,194 | – | -4.46% | – |
| PM | Exit | PHILIP MORRIS INTERNATIONAL | $0 | – | -19,353,620 | – | -5.07% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -7,015,492 | – | -5.12% | – |
| EL | Exit | ESTEE LAUDERcl a | $0 | – | -6,831,752 | – | -5.66% | – |
| FB | Exit | FACEBOOKcl a | $0 | – | -6,440,136 | – | -6.04% | – |
| INTU | Exit | INTUIT INC | $0 | – | -4,582,539 | – | -6.84% | – |
| IDXX | Exit | IDEXX LABORATORIES | $0 | – | -4,242,202 | – | -7.29% | – |
| PYPL | Exit | PAYPAL HOLDINGS INC | $0 | – | -12,288,820 | – | -8.84% | – |
| MSFT | Exit | MICROSOFT | $0 | – | -12,034,366 | – | -9.38% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Sell | MICROSOFT | $3,392,728,000 | +4.1% | 12,034,366 | -0.0% | 9.38% | +3.8% |
| PYPL | Sell | PAYPAL HOLDINGS INC | $3,197,674,000 | -10.7% | 12,288,820 | -0.0% | 8.84% | -10.9% |
| IDXX | Sell | IDEXX LABORATORIES | $2,638,225,000 | -1.5% | 4,242,202 | -0.0% | 7.29% | -1.8% |
| INTU | Sell | INTUIT INC | $2,472,326,000 | +10.1% | 4,582,539 | -0.0% | 6.84% | +9.8% |
| EL | Buy | ESTEE LAUDERcl a | $2,049,047,000 | -5.7% | 6,831,752 | +0.0% | 5.66% | -5.9% |
| SYK | Buy | STRYKER CORP | $1,850,126,000 | +1.6% | 7,015,492 | +0.0% | 5.12% | +1.3% |
| WAT | Buy | WATERS CORP | $1,611,850,000 | +5.8% | 4,511,194 | +2.3% | 4.46% | +5.5% |
| PEP | Buy | PEPSICO INC | $1,518,036,000 | +1.6% | 10,092,652 | +0.1% | 4.20% | +1.3% |
| MKC | Buy | MCCORMICK & CO NON VTG SHRS | $1,516,365,000 | -3.6% | 18,713,629 | +5.1% | 4.19% | -3.8% |
| V | Buy | VISA INC CLASS A SHARES | $1,469,047,000 | -3.9% | 6,595,049 | +0.9% | 4.06% | -4.1% |
| ADP | Sell | AUTOMATIC DATA PROCESSING | $1,418,659,000 | +0.6% | 7,096,134 | -0.0% | 3.92% | +0.4% |
| NKE | Buy | NIKE INC CL Bcl b | $1,272,903,000 | -5.9% | 8,764,739 | +0.1% | 3.52% | -6.1% |
| AMZN | New | AMAZON COM INC | $1,208,438,000 | – | 367,861 | – | 3.34% | – |
| SBUX | Sell | STARBUCKS CORP | $1,185,284,000 | -1.4% | 10,745,026 | -0.0% | 3.28% | -1.6% |
| JNJ | Buy | JOHNSON & JOHNSON | $1,163,376,000 | -1.3% | 7,203,569 | +0.7% | 3.22% | -1.6% |
| BFB | Buy | BROWN FORMAN CORP CLASS Bcl b | $966,459,000 | +2.4% | 14,422,611 | +14.5% | 2.67% | +2.1% |
| CHD | Buy | CHURCH & DWIGHT INC | $910,127,000 | +15.8% | 11,022,496 | +19.5% | 2.52% | +15.5% |
| SABR | Buy | SABRE | $237,907,000 | +22.3% | 20,093,468 | +29.0% | 0.66% | +22.1% |
| FTNT | Sell | FORTINET INC | $185,275,000 | +3.4% | 634,415 | -15.6% | 0.51% | +3.2% |
| EFX | Buy | EQUIFAX | $172,770,000 | +6.2% | 681,754 | +0.4% | 0.48% | +6.0% |
| VRSK | Buy | VERISK ANALYTICS | $158,716,000 | +15.0% | 792,510 | +0.4% | 0.44% | +14.9% |
| ANSS | Buy | ANSYS | $158,191,000 | +12.7% | 464,652 | +14.9% | 0.44% | +12.3% |
| VRSN | Buy | VERISIGN | $142,132,000 | +6.1% | 693,291 | +17.8% | 0.39% | +5.9% |
| CGNX | Buy | COGNEX | $130,437,000 | -4.2% | 1,625,987 | +0.4% | 0.36% | -4.2% |
| MSCI | Buy | MSCI | $128,068,000 | +14.5% | 210,520 | +0.4% | 0.35% | +14.2% |
| IPGP | Buy | IPG PHOTONICS | $126,476,000 | -5.3% | 798,462 | +26.0% | 0.35% | -5.4% |
| QLYS | Buy | QUALYS | $119,137,000 | +10.9% | 1,070,513 | +0.4% | 0.33% | +10.4% |
| MASI | Buy | MASIMO | $117,762,000 | +12.1% | 435,010 | +0.4% | 0.33% | +12.0% |
| AOS | Buy | AO SMITH | $108,370,000 | -14.9% | 1,774,515 | +0.4% | 0.30% | -15.0% |
| PAYC | Buy | PAYCOM SOFTWARE | $108,027,000 | +36.9% | 217,906 | +0.4% | 0.30% | +36.5% |
| WING | Buy | WINGSTOP INC | $92,287,000 | +4.4% | 562,965 | +0.4% | 0.26% | +4.1% |
| ROL | Buy | ROLLINS INC | $79,442,000 | +3.7% | 2,248,561 | +0.4% | 0.22% | +3.8% |
| HD | Buy | HOME DEPOT INC | $48,694,000 | +3413.3% | 148,339 | +3314.0% | 0.14% | +3275.0% |
| ZTS | Buy | ZOETIS INCcl a | $46,691,000 | +13.6% | 240,502 | +9.0% | 0.13% | +13.2% |
| PG | Buy | PROCTER AND GAMBLE CO | $44,482,000 | +9.8% | 318,181 | +6.0% | 0.12% | +9.8% |
| WNS | Buy | WNS HLDGS LTDsponsored ads | $15,453,000 | +63.0% | 188,912 | +59.1% | 0.04% | +65.4% |
| G | New | GENPACT LIMITED | $14,500,000 | – | 305,208 | – | 0.04% | – |
| CL | Buy | COLGATE PALMOLIVE CO | $9,288,000 | -6.5% | 122,890 | +0.6% | 0.03% | -7.1% |
| MAR | Exit | MARRIOTT INTERNATIONAL CL Acl a | $0 | – | -297,432 | – | -0.11% | – |
| BDX | Exit | BECTON DICKINSON AND CO | $0 | – | -4,328,550 | – | -2.92% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PYPL | New | PAYPAL HOLDINGS INC | $3,582,135,000 | – | 12,289,470 | – | 9.93% | – |
| MSFT | New | MICROSOFT | $3,260,287,000 | – | 12,035,021 | – | 9.04% | – |
| IDXX | New | IDEXX LABORATORIES | $2,679,327,000 | – | 4,242,462 | – | 7.42% | – |
| INTU | New | INTUIT INC | $2,246,400,000 | – | 4,582,899 | – | 6.22% | – |
| FB | New | FACEBOOKcl a | $2,239,300,000 | – | 6,440,136 | – | 6.21% | – |
| EL | New | ESTEE LAUDERcl a | $2,172,649,000 | – | 6,830,510 | – | 6.02% | – |
| PM | New | PHILIP MORRIS INTERNATIONAL | $1,918,137,000 | – | 19,353,620 | – | 5.32% | – |
| SYK | New | STRYKER CORP | $1,821,778,000 | – | 7,014,123 | – | 5.05% | – |
| MKC | New | MCCORMICK & CO NON VTG SHRS | $1,572,507,000 | – | 17,804,657 | – | 4.36% | – |
| V | New | VISA INC CLASS A SHARES | $1,528,327,000 | – | 6,536,340 | – | 4.24% | – |
| WAT | New | WATERS CORP | $1,523,462,000 | – | 4,408,039 | – | 4.22% | – |
| PEP | New | PEPSICO INC | $1,494,623,000 | – | 10,087,220 | – | 4.14% | – |
| ADP | New | AUTOMATIC DATA PROCESSING | $1,409,586,000 | – | 7,096,900 | – | 3.91% | – |
| NKE | New | NIKE INC CL Bcl b | $1,352,692,000 | – | 8,755,854 | – | 3.75% | – |
| SBUX | New | STARBUCKS CORP | $1,201,542,000 | – | 10,746,285 | – | 3.33% | – |
| JNJ | New | JOHNSON & JOHNSON | $1,178,831,000 | – | 7,155,706 | – | 3.27% | – |
| BDX | New | BECTON DICKINSON AND CO | $1,052,660,000 | – | 4,328,550 | – | 2.92% | – |
| BFB | New | BROWN FORMAN CORP CLASS Bcl b | $943,943,000 | – | 12,595,990 | – | 2.62% | – |
| CHD | New | CHURCH & DWIGHT INC | $786,080,000 | – | 9,224,122 | – | 2.18% | – |
| SABR | New | SABRE | $194,460,000 | – | 15,581,696 | – | 0.54% | – |
| FTNT | New | FORTINET INC | $179,126,000 | – | 752,030 | – | 0.50% | – |
| EFX | New | EQUIFAX | $162,703,000 | – | 679,315 | – | 0.45% | – |
| ANSS | New | ANSYS | $140,309,000 | – | 404,278 | – | 0.39% | – |
| VRSK | New | VERISK ANALYTICS | $137,978,000 | – | 789,708 | – | 0.38% | – |
| CGNX | New | COGNEX | $136,172,000 | – | 1,620,130 | – | 0.38% | – |
| VRSN | New | VERISIGN | $134,005,000 | – | 588,541 | – | 0.37% | – |
| IPGP | New | IPG PHOTONICS | $133,514,000 | – | 633,458 | – | 0.37% | – |
| AOS | New | AO SMITH | $127,411,000 | – | 1,768,126 | – | 0.35% | – |
| MSCI | New | MSCI | $111,820,000 | – | 209,762 | – | 0.31% | – |
| QLYS | New | QUALYS | $107,403,000 | – | 1,066,674 | – | 0.30% | – |
| MASI | New | MASIMO | $105,087,000 | – | 433,438 | – | 0.29% | – |
| WING | New | WINGSTOP INC | $88,422,000 | – | 560,949 | – | 0.24% | – |
| PAYC | New | PAYCOM SOFTWARE | $78,917,000 | – | 217,122 | – | 0.22% | – |
| ROL | New | ROLLINS INC | $76,631,000 | – | 2,240,687 | – | 0.21% | – |
| ZTS | New | ZOETIS INCcl a | $41,103,000 | – | 220,555 | – | 0.11% | – |
| MAR | New | MARRIOTT INTERNATIONAL CL Acl a | $40,605,000 | – | 297,432 | – | 0.11% | – |
| PG | New | PROCTER AND GAMBLE CO | $40,507,000 | – | 300,204 | – | 0.11% | – |
| MELI | New | MERCADOLIBRE | $37,737,000 | – | 24,225 | – | 0.10% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored ads | $15,577,000 | – | 129,633 | – | 0.04% | – |
| XP | New | XP CLASS Acl a | $11,034,000 | – | 253,367 | – | 0.03% | – |
| CL | New | COLGATE PALMOLIVE CO | $9,935,000 | – | 122,131 | – | 0.03% | – |
| WNS | New | WNS HLDGS LTDsponsored ads | $9,482,000 | – | 118,721 | – | 0.03% | – |
| HD | New | HOME DEPOT INC | $1,386,000 | – | 4,345 | – | 0.00% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CL | Exit | COLGATE PALMOLIVE CO | $0 | – | -107,251 | – | -0.03% | – |
| XP | Exit | XP CLASS Acl a | $0 | – | -253,367 | – | -0.04% | – |
| FTNT | Exit | FORTINET INC | $0 | – | -212,445 | – | -0.10% | – |
| MAR | Exit | MARRIOTT INTERNATIONAL CL Acl a | $0 | – | -279,552 | – | -0.10% | – |
| MELI | Exit | MERCADOLIBRE | $0 | – | -30,000 | – | -0.13% | – |
| CHKP | Exit | CHECK POINT SOFTWARE TECHord | $0 | – | -334,691 | – | -0.16% | – |
| SABR | Exit | SABRE | $0 | – | -10,156,442 | – | -0.26% | – |
| PAYC | Exit | PAYCOM SOFTWARE | $0 | – | -214,794 | – | -0.26% | – |
| MSCI | Exit | MSCI | $0 | – | -207,490 | – | -0.29% | – |
| AOS | Exit | AO SMITH | $0 | – | -1,487,541 | – | -0.31% | – |
| QLYS | Exit | QUALYS | $0 | – | -813,720 | – | -0.31% | – |
| VRSN | Exit | VERISIGN | $0 | – | -429,518 | – | -0.34% | – |
| EFX | Exit | EQUIFAX | $0 | – | -576,779 | – | -0.35% | – |
| MASI | Exit | MASIMO | $0 | – | -428,897 | – | -0.40% | – |
| CGNX | Exit | COGNEX | $0 | – | -1,602,593 | – | -0.41% | – |
| IPGP | Exit | IPG PHOTONICS | $0 | – | -626,454 | – | -0.42% | – |
| ANSS | Exit | ANSYS | $0 | – | -335,033 | – | -0.43% | – |
| VRSK | Exit | VERISK ANALYTICS | $0 | – | -607,423 | – | -0.44% | – |
| BFB | Exit | BROWN FORMAN CORP CLASS Bcl b | $0 | – | -10,253,745 | – | -3.02% | – |
| WAT | Exit | WATERS CORP | $0 | – | -4,292,028 | – | -3.28% | – |
| SBUX | Exit | STARBUCKS CORP | $0 | – | -10,382,215 | – | -3.48% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -6,411,610 | – | -3.73% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING | $0 | – | -6,919,915 | – | -3.77% | – |
| NKE | Exit | NIKE INC CL Bcl b | $0 | – | -7,752,398 | – | -3.80% | – |
| BDX | Exit | BECTON DICKINSON AND CO | $0 | – | -4,340,972 | – | -3.95% | – |
| V | Exit | VISA INC CLASS A SHARES | $0 | – | -6,134,726 | – | -4.79% | – |
| PEP | Exit | PEPSICO INC | $0 | – | -8,911,181 | – | -4.82% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -6,277,138 | – | -5.11% | – |
| PM | Exit | PHILIP MORRIS INTERNATIONAL | $0 | – | -19,503,315 | – | -5.71% | – |
| MKC | Exit | MCCORMICK & CO NON VTG SHRS | $0 | – | -7,542,095 | – | -5.72% | – |
| EL | Exit | ESTEE LAUDERcl a | $0 | – | -6,800,333 | – | -5.80% | – |
| INTU | Exit | INTUIT INC | $0 | – | -4,594,541 | – | -5.86% | – |
| IDXX | Exit | IDEXX LABORATORIES | $0 | – | -4,232,815 | – | -6.50% | – |
| FB | Exit | FACEBOOKcl a | $0 | – | -6,427,563 | – | -6.58% | – |
| PYPL | Exit | PAYPAL HOLDINGS INC | $0 | – | -12,359,311 | – | -9.51% | – |
| MSFT | Exit | MICROSOFT | $0 | – | -11,929,459 | – | -9.80% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Sell | MICROSOFT | $2,509,123,000 | +3.1% | 11,929,459 | -0.2% | 9.80% | -7.7% |
| PYPL | Sell | PAYPAL HOLDINGS INC | $2,435,155,000 | +12.8% | 12,359,311 | -0.2% | 9.51% | +1.0% |
| FB | Sell | FACEBOOKcl a | $1,683,379,000 | +15.1% | 6,427,563 | -0.2% | 6.58% | +3.0% |
| IDXX | Sell | IDEXX LABORATORIES | $1,663,962,000 | +18.8% | 4,232,815 | -0.2% | 6.50% | +6.4% |
| INTU | Buy | INTUIT INC | $1,498,785,000 | +10.2% | 4,594,541 | +0.1% | 5.86% | -1.3% |
| EL | Buy | ESTEE LAUDERcl a | $1,484,173,000 | +16.4% | 6,800,333 | +0.6% | 5.80% | +4.2% |
| MKC | Sell | MCCORMICK & CO NON VTG SHRS | $1,463,921,000 | +8.2% | 7,542,095 | -0.0% | 5.72% | -3.2% |
| PM | Buy | PHILIP MORRIS INTERNATIONAL | $1,462,554,000 | +7.7% | 19,503,315 | +0.7% | 5.71% | -3.5% |
| SYK | Buy | STRYKER CORP | $1,307,967,000 | +17.0% | 6,277,138 | +1.2% | 5.11% | +4.7% |
| PEP | Buy | PEPSICO INC | $1,235,090,000 | +6.3% | 8,911,181 | +1.4% | 4.82% | -4.9% |
| V | Sell | VISA INC CLASS A SHARES | $1,226,761,000 | +3.2% | 6,134,726 | -0.3% | 4.79% | -7.6% |
| BDX | Buy | BECTON DICKINSON AND CO | $1,010,057,000 | -0.5% | 4,340,972 | +2.3% | 3.95% | -10.9% |
| NKE | Buy | NIKE INC CL Bcl b | $973,236,000 | +37.0% | 7,752,398 | +7.0% | 3.80% | +22.7% |
| ADP | Buy | AUTOMATIC DATA PROCESSING | $965,259,000 | +0.0% | 6,919,915 | +6.8% | 3.77% | -10.4% |
| JNJ | Buy | JOHNSON & JOHNSON | $954,560,000 | +6.0% | 6,411,610 | +0.1% | 3.73% | -5.1% |
| SBUX | Buy | STARBUCKS CORP | $892,040,000 | +45.4% | 10,382,215 | +24.5% | 3.48% | +30.2% |
| WAT | Buy | WATERS CORP | $839,864,000 | +19.6% | 4,292,028 | +10.2% | 3.28% | +7.0% |
| BFB | Buy | BROWN FORMAN CORP CLASS Bcl b | $772,312,000 | +23.0% | 10,253,745 | +3.9% | 3.02% | +10.1% |
| IPGP | Buy | IPG PHOTONICS | $106,478,000 | +15.5% | 626,454 | +9.0% | 0.42% | +3.5% |
| VRSN | Buy | VERISIGN | $87,987,000 | +17.9% | 429,518 | +19.1% | 0.34% | +5.5% |
| QLYS | Buy | QUALYS | $79,753,000 | +22.9% | 813,720 | +30.4% | 0.31% | +10.2% |
| PAYC | Buy | PAYCOM SOFTWARE | $66,865,000 | +10.2% | 214,794 | +9.6% | 0.26% | -1.5% |
| SABR | Buy | SABRE | $66,118,000 | -10.7% | 10,156,442 | +10.6% | 0.26% | -20.1% |
| CHKP | Sell | CHECK POINT SOFTWARE TECHord | $40,277,000 | -30.7% | 334,691 | -38.2% | 0.16% | -38.2% |
| MAR | Buy | MARRIOTT INTERNATIONAL CL Acl a | $25,881,000 | +64.2% | 279,552 | +52.0% | 0.10% | +46.4% |
| FTNT | New | FORTINET INC | $25,028,000 | – | 212,445 | – | 0.10% | – |
| CL | New | COLGATE PALMOLIVE CO | $8,274,000 | – | 107,251 | – | 0.03% | – |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | MICROSOFT | $2,432,933,000 | – | 11,954,858 | – | 10.62% | – |
| PYPL | New | PAYPAL HOLDINGS INC | $2,158,503,000 | – | 12,388,814 | – | 9.42% | – |
| FB | New | FACEBOOKcl a | $1,463,128,000 | – | 6,443,510 | – | 6.38% | – |
| IDXX | New | IDEXX LABORATORIES | $1,400,113,000 | – | 4,240,711 | – | 6.11% | – |
| INTU | New | INTUIT INC | $1,359,576,000 | – | 4,590,217 | – | 5.93% | – |
| PM | New | PHILIP MORRIS INTERNATIONAL | $1,357,472,000 | – | 19,375,855 | – | 5.92% | – |
| MKC | New | MCCORMICK & CO NON VTG SHRS | $1,353,393,000 | – | 7,543,578 | – | 5.91% | – |
| EL | New | ESTEE LAUDERcl a | $1,275,208,000 | – | 6,758,574 | – | 5.56% | – |
| V | New | VISA INC CLASS A SHARES | $1,188,161,000 | – | 6,150,855 | – | 5.18% | – |
| PEP | New | PEPSICO INC | $1,162,262,000 | – | 8,787,703 | – | 5.07% | – |
| SYK | New | STRYKER CORP | $1,117,997,000 | – | 6,204,547 | – | 4.88% | – |
| BDX | New | BECTON DICKINSON AND CO | $1,014,997,000 | – | 4,242,057 | – | 4.43% | – |
| ADP | New | AUTOMATIC DATA PROCESSING | $964,979,000 | – | 6,481,152 | – | 4.21% | – |
| JNJ | New | JOHNSON & JOHNSON | $900,804,000 | – | 6,405,491 | – | 3.93% | – |
| NKE | New | NIKE INC CL Bcl b | $710,278,000 | – | 7,244,034 | – | 3.10% | – |
| WAT | New | WATERS CORP | $702,442,000 | – | 3,893,805 | – | 3.06% | – |
| BFB | New | BROWN FORMAN CORP CLASS Bcl b | $627,996,000 | – | 9,864,841 | – | 2.74% | – |
| SBUX | New | STARBUCKS CORP | $613,498,000 | – | 8,336,710 | – | 2.68% | – |
| VRSK | New | VERISK ANALYTICS | $103,383,000 | – | 607,423 | – | 0.45% | – |
| EFX | New | EQUIFAX | $99,137,000 | – | 576,779 | – | 0.43% | – |
| MASI | New | MASIMO | $97,784,000 | – | 428,897 | – | 0.43% | – |
| ANSS | New | ANSYS | $97,739,000 | – | 335,033 | – | 0.43% | – |
| CGNX | New | COGNEX | $95,707,000 | – | 1,602,593 | – | 0.42% | – |
| IPGP | New | IPG PHOTONICS | $92,188,000 | – | 574,773 | – | 0.40% | – |
| VRSN | New | VERISIGN | $74,602,000 | – | 360,694 | – | 0.33% | – |
| SABR | New | SABRE | $74,033,000 | – | 9,185,260 | – | 0.32% | – |
| AOS | New | AO SMITH | $70,093,000 | – | 1,487,541 | – | 0.31% | – |
| MSCI | New | MSCI | $69,264,000 | – | 207,490 | – | 0.30% | – |
| QLYS | New | QUALYS | $64,889,000 | – | 623,812 | – | 0.28% | – |
| PAYC | New | PAYCOM SOFTWARE | $60,684,000 | – | 195,926 | – | 0.26% | – |
| CHKP | New | CHECK POINT SOFTWARE TECHord | $58,151,000 | – | 541,290 | – | 0.25% | – |
| MELI | New | MERCADOLIBRE | $29,573,000 | – | 30,000 | – | 0.13% | – |
| MAR | New | MARRIOTT INTERNATIONAL CL Acl a | $15,765,000 | – | 183,887 | – | 0.07% | – |
| XP | New | XP CLASS Acl a | $10,644,000 | – | 253,367 | – | 0.05% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MELI | Exit | MERCADOLIBRE | $0 | – | -23,644 | – | -0.07% | – |
| CHD | Exit | CHURCH AND DWIGHT CO INC | $0 | – | -202,952 | – | -0.08% | – |
| MAR | Exit | MARRIOTT INTERNATIONAL CL Acl a | $0 | – | -211,302 | – | -0.13% | – |
| PAYC | Exit | PAYCOM SOFTWARE | $0 | – | -170,928 | – | -0.18% | – |
| AOS | Exit | AO SMITH | $0 | – | -848,563 | – | -0.21% | – |
| MSCI | Exit | MSCI | $0 | – | -200,070 | – | -0.22% | – |
| VRSN | Exit | VERISIGN | $0 | – | -272,873 | – | -0.26% | – |
| IPGP | Exit | IPG PHOTONICS | $0 | – | -392,900 | – | -0.27% | – |
| CGNX | Exit | COGNEX | $0 | – | -1,167,817 | – | -0.29% | – |
| ANSS | Exit | ANSYS | $0 | – | -347,128 | – | -0.39% | – |
| CHKP | Exit | CHECK POINT SOFTWARE TECHord | $0 | – | -727,785 | – | -0.41% | – |
| SABR | Exit | SABRE | $0 | – | -3,630,918 | – | -0.42% | – |
| VRSK | Exit | VERISK ANALYTICS | $0 | – | -534,530 | – | -0.43% | – |
| MASI | Exit | MASIMO | $0 | – | -574,963 | – | -0.44% | – |
| EFX | Exit | EQUIFAX | $0 | – | -620,821 | – | -0.45% | – |
| BFB | Exit | BROWN FORMAN CORP CLASS Bcl b | $0 | – | -9,243,186 | – | -2.97% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -5,956,821 | – | -3.94% | – |
| BDX | Exit | BECTON DICKINSON AND CO | $0 | – | -3,817,935 | – | -4.94% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING | $0 | – | -6,480,485 | – | -5.35% | – |
| V | Exit | VISA INC CLASS A SHARES | $0 | – | -6,445,632 | – | -5.67% | – |
| PEP | Exit | PEPSICO INC | $0 | – | -8,289,105 | – | -5.81% | – |
| MKC | Exit | MCCORMICK & CO NON VTG SHRS | $0 | – | -7,291,672 | – | -5.83% | – |
| WAT | Exit | WATERS CORP | $0 | – | -5,122,867 | – | -5.84% | – |
| FB | Exit | FACEBOOKcl a | $0 | – | -6,482,183 | – | -5.90% | – |
| IDXX | Exit | IDEXX LABORATORIES | $0 | – | -4,556,016 | – | -6.33% | – |
| INTU | Exit | INTUIT INC | $0 | – | -4,660,635 | – | -6.34% | – |
| PM | Exit | PHILIP MORRIS INTERNATIONAL | $0 | – | -16,928,583 | – | -6.57% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -5,945,105 | – | -6.57% | – |
| EL | Exit | ESTEE LAUDERcl a | $0 | – | -6,766,747 | – | -6.88% | – |
| PYPL | Exit | PAYPAL HOLDINGS INC | $0 | – | -15,402,344 | – | -8.16% | – |
| MSFT | Exit | MICROSOFT | $0 | – | -12,189,646 | – | -8.66% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Buy | MICROSOFT | $1,694,726,000 | +3.9% | 12,189,646 | +0.2% | 8.66% | +2.0% |
| PYPL | Buy | PAYPAL HOLDINGS INC | $1,595,529,000 | -9.4% | 15,402,344 | +0.1% | 8.16% | -11.1% |
| EL | Buy | ESTEE LAUDERcl a | $1,346,244,000 | +10.4% | 6,766,747 | +1.6% | 6.88% | +8.3% |
| SYK | Buy | STRYKER CORP | $1,285,926,000 | +7.8% | 5,945,105 | +2.5% | 6.57% | +5.8% |
| PM | Buy | PHILIP MORRIS INTERNATIONAL | $1,285,387,000 | +7.2% | 16,928,583 | +10.9% | 6.57% | +5.2% |
| INTU | Buy | INTUIT INC | $1,239,449,000 | +2.0% | 4,660,635 | +0.2% | 6.34% | +0.0% |
| IDXX | Buy | IDEXX LABORATORIES | $1,238,917,000 | +0.7% | 4,556,016 | +1.9% | 6.33% | -1.2% |
| FB | Buy | FACEBOOKcl a | $1,154,347,000 | -7.6% | 6,482,183 | +0.1% | 5.90% | -9.4% |
| WAT | Buy | WATERS CORP | $1,143,578,000 | +3.9% | 5,122,867 | +0.2% | 5.84% | +1.9% |
| MKC | Buy | MCCORMICK & CO NON VTG SHRS | $1,139,688,000 | +8.1% | 7,291,672 | +7.2% | 5.83% | +6.0% |
| PEP | Buy | PEPSICO INC | $1,136,436,000 | +4.7% | 8,289,105 | +0.2% | 5.81% | +2.7% |
| V | Buy | VISA INC CLASS A SHARES | $1,108,713,000 | +4.3% | 6,445,632 | +5.3% | 5.67% | +2.3% |
| ADP | Buy | AUTOMATIC DATA PROCESSING | $1,046,080,000 | +3.2% | 6,480,485 | +5.7% | 5.35% | +1.2% |
| BDX | Buy | BECTON DICKINSON AND CO | $965,785,000 | +0.5% | 3,817,935 | +0.2% | 4.94% | -1.4% |
| JNJ | Buy | JOHNSON & JOHNSON | $770,694,000 | +2.5% | 5,956,821 | +10.3% | 3.94% | +0.5% |
| BFB | New | BROWN FORMAN CORP CLASS Bcl b | $580,287,000 | – | 9,243,186 | – | 2.97% | – |
| VRSK | Buy | VERISK ANALYTICS | $84,531,000 | +9.7% | 534,530 | +1.6% | 0.43% | +7.7% |
| CHKP | Buy | CHECK POINT SOFTWARE TECHord | $79,692,000 | +10.6% | 727,785 | +16.7% | 0.41% | +8.2% |
| ANSS | Buy | ANSYS | $76,840,000 | +15.9% | 347,128 | +7.2% | 0.39% | +13.6% |
| IPGP | Buy | IPG PHOTONICS | $53,277,000 | +1.9% | 392,900 | +16.0% | 0.27% | 0.0% |
| MSCI | Buy | MSCI | $43,565,000 | -6.3% | 200,070 | +2.7% | 0.22% | -7.9% |
| MAR | Buy | MARRIOTT INTERNATIONAL CL Acl a | $26,280,000 | +6.0% | 211,302 | +19.6% | 0.13% | +3.9% |
| CHD | New | CHURCH AND DWIGHT CO INC | $15,270,000 | – | 202,952 | – | 0.08% | – |
| CDK | Exit | CDK GBL. | $0 | – | -1,111,332 | – | -0.29% | – |
| MMM | Exit | 3M CO | $0 | – | -3,529,691 | – | -3.19% | – |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PYPL | New | PAYPAL HOLDINGS INC | $1,761,657,000 | – | 15,391,028 | – | 9.18% | – |
| MSFT | New | MICROSOFT | $1,630,445,000 | – | 12,171,134 | – | 8.50% | – |
| FB | New | FACEBOOKcl a | $1,249,686,000 | – | 6,475,057 | – | 6.51% | – |
| IDXX | New | IDEXX LABORATORIES | $1,230,736,000 | – | 4,470,038 | – | 6.41% | – |
| EL | New | ESTEE LAUDERcl a | $1,219,656,000 | – | 6,660,785 | – | 6.36% | – |
| INTU | New | INTUIT INC | $1,215,667,000 | – | 4,651,847 | – | 6.33% | – |
| PM | New | PHILIP MORRIS INTERNATIONAL | $1,199,036,000 | – | 15,268,507 | – | 6.25% | – |
| SYK | New | STRYKER CORP | $1,192,660,000 | – | 5,801,440 | – | 6.22% | – |
| WAT | New | WATERS CORP | $1,100,739,000 | – | 5,114,006 | – | 5.74% | – |
| PEP | New | PEPSICO INC | $1,085,145,000 | – | 8,275,341 | – | 5.65% | – |
| V | New | VISA INC CLASS A SHARES | $1,062,739,000 | – | 6,123,530 | – | 5.54% | – |
| MKC | New | MCCORMICK & CO NON VTG SHRS | $1,054,603,000 | – | 6,803,450 | – | 5.50% | – |
| ADP | New | AUTOMATIC DATA PROCESSING | $1,013,432,000 | – | 6,129,753 | – | 5.28% | – |
| BDX | New | BECTON DICKINSON AND CO | $960,705,000 | – | 3,812,171 | – | 5.01% | – |
| JNJ | New | JOHNSON & JOHNSON | $752,130,000 | – | 5,400,131 | – | 3.92% | – |
| MMM | New | 3M CO | $611,837,000 | – | 3,529,691 | – | 3.19% | – |
| MASI | New | MASIMO | $85,566,000 | – | 574,963 | – | 0.45% | – |
| EFX | New | EQUIFAX | $83,960,000 | – | 620,821 | – | 0.44% | – |
| SABR | New | SABRE | $80,606,000 | – | 3,630,918 | – | 0.42% | – |
| VRSK | New | VERISK ANALYTICS | $77,039,000 | – | 526,010 | – | 0.40% | – |
| CHKP | New | CHECK POINT SOFTWARE TECHord | $72,080,000 | – | 623,478 | – | 0.38% | – |
| ANSS | New | ANSYS | $66,316,000 | – | 323,777 | – | 0.35% | – |
| VRSN | New | VERISIGN | $57,074,000 | – | 272,873 | – | 0.30% | – |
| CGNX | New | COGNEX | $56,032,000 | – | 1,167,817 | – | 0.29% | – |
| CDK | New | CDK GBL. | $54,944,000 | – | 1,111,332 | – | 0.29% | – |
| IPGP | New | IPG PHOTONICS | $52,263,000 | – | 338,819 | – | 0.27% | – |
| MSCI | New | MSCI | $46,509,000 | – | 194,770 | – | 0.24% | – |
| AOS | New | AO SMITH | $40,018,000 | – | 848,563 | – | 0.21% | – |
| PAYC | New | PAYCOM SOFTWARE | $38,753,000 | – | 170,928 | – | 0.20% | – |
| MAR | New | MARRIOTT INTERNATIONAL CL Acl a | $24,787,000 | – | 176,682 | – | 0.13% | – |
| MELI | New | MERCADOLIBRE | $14,465,000 | – | 23,644 | – | 0.08% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MAR | Exit | MARRIOTT INTERNATIONAL CL A | $0 | – | -159,638 | – | -0.14% | – |
| CL | Exit | COLGATE PALMOLIVE CO | $0 | – | -5,061,560 | – | -2.27% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -4,581,202 | – | -4.25% | – |
| MMM | Exit | 3M CO | $0 | – | -3,486,738 | – | -4.93% | – |
| EL | Exit | ESTEE LAUDER | $0 | – | -5,880,997 | – | -5.73% | – |
| V | Exit | VISA INC CLASS A SHARES | $0 | – | -5,715,741 | – | -5.75% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING | $0 | – | -5,812,535 | – | -5.87% | – |
| PEP | Exit | PEPSICO INC | $0 | – | -8,170,141 | – | -6.13% | – |
| INTU | Exit | INTUI INC | $0 | – | -4,090,229 | – | -6.24% | – |
| BDX | Exit | BECTON DICKINSON AND CO | $0 | – | -3,743,042 | – | -6.55% | – |
| WAT | Exit | WATERS CORP | $0 | – | -5,026,559 | – | -6.56% | – |
| FB | Exit | $0 | – | -5,960,662 | – | -6.58% | – | |
| SYK | Exit | STRYKER CORP | $0 | – | -5,521,353 | – | -6.58% | – |
| PM | Exit | PHILIP MORRIS INTERNATIONAL | $0 | – | -12,409,367 | – | -6.79% | – |
| IDXX | Exit | IDEXX LABORATORIES | $0 | – | -4,426,643 | – | -7.41% | – |
| PYPL | Exit | PAYPAL HOLDINGS INC | $0 | – | -15,202,210 | – | -8.96% | – |
| MSFT | Exit | MICROSOFT | $0 | – | -12,074,060 | – | -9.26% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | MICROSOFT | $1,380,910,000 | – | 12,074,060 | – | 9.26% | – |
| PYPL | Sell | PAYPAL HOLDINGS INC | $1,335,362,000 | +5.4% | 15,202,210 | -0.0% | 8.96% | -5.0% |
| IDXX | Sell | IDEXX LABORATORIES | $1,105,156,000 | +14.5% | 4,426,643 | -0.1% | 7.41% | +3.2% |
| PM | Buy | PHILIP MORRIS INTERNATIONAL | $1,011,860,000 | +19.6% | 12,409,367 | +18.5% | 6.79% | +7.8% |
| SYK | Buy | STRYKER CORP | $981,034,000 | +5.3% | 5,521,353 | +0.1% | 6.58% | -5.1% |
| FB | Buy | $980,290,000 | -8.6% | 5,960,662 | +8.0% | 6.58% | -17.6% | |
| WAT | Buy | WATERS CORP | $978,571,000 | +6.9% | 5,026,559 | +6.3% | 6.56% | -3.7% |
| BDX | Buy | BECTON DICKINSON AND CO | $976,934,000 | +9.2% | 3,743,042 | +0.2% | 6.55% | -1.6% |
| INTU | Buy | INTUI INC | $930,118,000 | +14.7% | 4,090,229 | +3.0% | 6.24% | +3.4% |
| PEP | Buy | PEPSICO INC | $913,422,000 | +9.2% | 8,170,141 | +6.4% | 6.13% | -1.6% |
| ADP | Buy | AUTOMATIC DATA PROCESSING | $875,717,000 | +12.8% | 5,812,535 | +0.5% | 5.87% | +1.7% |
| V | Sell | VISA INC CLASS A SHARES | $857,876,000 | +13.2% | 5,715,741 | -0.1% | 5.75% | +2.1% |
| EL | Buy | ESTEE LAUDER | $854,626,000 | +21.8% | 5,880,997 | +19.6% | 5.73% | +9.8% |
| MMM | Buy | 3M CO | $734,691,000 | +9.9% | 3,486,738 | +2.6% | 4.93% | -0.9% |
| JNJ | Buy | JOHNSON & JOHNSON | $632,985,000 | +14.5% | 4,581,202 | +0.6% | 4.25% | +3.2% |
| CL | Buy | COLGATE PALMOLIVE CO | $338,871,000 | +45.8% | 5,061,560 | +41.1% | 2.27% | +31.4% |
| MAR | Buy | MARRIOTT INTERNATIONAL CL A | $21,077,000 | +21.0% | 159,638 | +16.1% | 0.14% | +8.5% |
| MCD | Exit | MICROSOFT | $0 | – | -12,080,320 | – | -8.87% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PYPL | New | PAYPAL HOLDINGS INC | $1,266,514,000 | – | 15,209,740 | – | 9.43% | – |
| MCD | New | MICROSOFT | $1,191,239,000 | – | 12,080,320 | – | 8.87% | – |
| FB | New | $1,072,219,000 | – | 5,517,803 | – | 7.98% | – | |
| IDXX | New | IDEXX LABORATORIES | $965,278,000 | – | 4,429,104 | – | 7.18% | – |
| SYK | New | STRYKER CORP | $931,542,000 | – | 5,516,662 | – | 6.93% | – |
| WAT | New | WATERS CORP | $915,485,000 | – | 4,728,994 | – | 6.81% | – |
| BDX | New | BECTON DICKINSON AND CO | $894,775,000 | – | 3,735,079 | – | 6.66% | – |
| PM | New | PHILIP MORRIS INTERNATIONAL | $845,763,000 | – | 10,475,148 | – | 6.29% | – |
| PEP | New | PEPSICO INC | $836,330,000 | – | 7,681,927 | – | 6.22% | – |
| INTU | New | INTUI INC | $810,956,000 | – | 3,969,347 | – | 6.04% | – |
| ADP | New | AUTOMATIC DATA PROCESSING | $776,199,000 | – | 5,786,490 | – | 5.78% | – |
| V | New | VISA INC CLASS A SHARES | $757,597,000 | – | 5,719,877 | – | 5.64% | – |
| EL | New | ESTEE LAUDER | $701,543,000 | – | 4,916,559 | – | 5.22% | – |
| MMM | New | 3M CO | $668,488,000 | – | 3,398,172 | – | 4.98% | – |
| JNJ | New | JOHNSON & JOHNSON | $552,762,000 | – | 4,555,486 | – | 4.11% | – |
| CL | New | COLGATE PALMOLIVE CO | $232,451,000 | – | 3,586,659 | – | 1.73% | – |
| MAR | New | MARRIOTT INTERNATIONAL CL A | $17,412,000 | – | 137,544 | – | 0.13% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MAR | Exit | MARRIOTT INTL INC NEcl a | $0 | – | -184,690 | – | -0.20% | – |
| CL | Exit | COLGATE PALMOLIVE CO | $0 | – | -2,477,902 | – | -1.76% | – |
| INTU | Exit | INTUIT | $0 | – | -2,184,854 | – | -3.01% | – |
| EL | Exit | LAUDER ESTEE COS INCcl a | $0 | – | -3,844,901 | – | -3.96% | – |
| BDX | Exit | BECTON DICKINSON AND CO | $0 | – | -2,301,915 | – | -4.32% | – |
| V | Exit | VISA INC | $0 | – | -5,216,150 | – | -5.28% | – |
| MMM | Exit | 3M CO | $0 | – | -2,615,924 | – | -5.31% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -4,374,191 | – | -5.48% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING | $0 | – | -5,553,237 | – | -5.86% | – |
| PEP | Exit | PEPSICO INC | $0 | – | -5,560,322 | – | -6.02% | – |
| DPS | Exit | DR PEPPER SNAPPLE GROUP INC | $0 | – | -7,489,891 | – | -6.41% | – |
| PM | Exit | PHILIP MORRIS INT INC | $0 | – | -6,251,789 | – | -6.77% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -5,174,629 | – | -7.02% | – |
| WAT | Exit | WATERS CORP | $0 | – | -4,355,756 | – | -7.54% | – |
| BCR | Exit | BARD | $0 | – | -2,528,269 | – | -7.82% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -11,076,335 | – | -7.92% | – |
| IDXX | Exit | PAYPAL HLDGS INC | $0 | – | -18,492,918 | – | -15.34% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IDXX | Buy | PAYPAL HLDGS INC | $1,584,180,000 | +120.7% | 18,492,918 | +315.9% | 15.34% | +103.8% |
| MSFT | Buy | MICROSOFT CORP | $817,987,000 | +10.7% | 11,076,335 | +3.3% | 7.92% | +2.2% |
| BCR | Sell | BARD | $807,226,000 | +0.3% | 2,528,269 | -0.7% | 7.82% | -7.3% |
| WAT | Buy | WATERS CORP | $778,548,000 | +10.5% | 4,355,756 | +13.6% | 7.54% | +2.0% |
| SYK | Sell | STRYKER CORP | $725,483,000 | +1.0% | 5,174,629 | -0.0% | 7.02% | -6.7% |
| PM | Buy | PHILIP MORRIS INT INC | $698,887,000 | +13.5% | 6,251,789 | +19.3% | 6.77% | +4.8% |
| DPS | Buy | DR PEPPER SNAPPLE GROUP INC | $661,732,000 | +37.2% | 7,489,891 | +41.5% | 6.41% | +26.7% |
| PEP | Buy | PEPSICO INC | $621,700,000 | +0.9% | 5,560,322 | +4.2% | 6.02% | -6.8% |
| ADP | Buy | AUTOMATIC DATA PROCESSING | $605,414,000 | +14.1% | 5,553,237 | +7.3% | 5.86% | +5.4% |
| JNJ | Buy | JOHNSON & JOHNSON | $566,064,000 | +4.9% | 4,374,191 | +7.3% | 5.48% | -3.1% |
| MMM | Buy | 3M CO | $548,141,000 | +22.2% | 2,615,924 | +21.4% | 5.31% | +12.9% |
| V | Sell | VISA INC | $545,348,000 | +11.5% | 5,216,150 | -0.0% | 5.28% | +2.9% |
| BDX | Sell | BECTON DICKINSON AND CO | $445,651,000 | -0.8% | 2,301,915 | -0.0% | 4.32% | -8.4% |
| EL | Sell | LAUDER ESTEE COS INCcl a | $408,867,000 | +10.8% | 3,844,901 | -0.0% | 3.96% | +2.3% |
| INTU | Buy | INTUIT | $310,905,000 | +115.2% | 2,184,854 | +100.4% | 3.01% | +98.7% |
| CL | Buy | COLGATE PALMOLIVE CO | $181,234,000 | +16.8% | 2,477,902 | +17.7% | 1.76% | +7.9% |
| MAR | Sell | MARRIOTT INTL INC NEcl a | $20,316,000 | +9.7% | 184,690 | -0.0% | 0.20% | +1.5% |
| SJM | Exit | SMUCKER J M CO | $0 | – | -2,043,846 | – | -2.52% | – |
| PYPL | Exit | PAYPAL HLDGS INC | $0 | – | -14,051,261 | – | -7.91% | – |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BCR | New | BARD C R INC | $804,522,000 | – | 2,547,140 | – | 8.44% | – |
| PYPL | New | PAYPAL HLDGS INC | $754,131,000 | – | 14,051,261 | – | 7.91% | – |
| MSFT | New | MICROSOFT CORP | $738,980,000 | – | 10,720,725 | – | 7.75% | – |
| SYK | New | STRYKER CORP | $718,326,000 | – | 5,176,005 | – | 7.53% | – |
| IDXX | New | IDEXX LABS INC | $717,680,000 | – | 4,446,040 | – | 7.52% | – |
| WAT | New | WATERS CORP | $704,834,000 | – | 3,833,955 | – | 7.39% | – |
| PEP | New | PEPSICO INC | $616,134,000 | – | 5,334,959 | – | 6.46% | – |
| PM | New | PHILIP MORRIS INTL INC | $615,545,000 | – | 5,240,912 | – | 6.45% | – |
| JNJ | New | JOHNSON & JOHNSON | $539,542,000 | – | 4,078,477 | – | 5.66% | – |
| ADP | New | AUTOMATIC DATA PROCESSING IN | $530,368,000 | – | 5,176,340 | – | 5.56% | – |
| V | New | VISA INC | $489,309,000 | – | 5,217,623 | – | 5.13% | – |
| DPS | New | DR PEPPER SNAPPLE GROUP INC | $482,145,000 | – | 5,291,897 | – | 5.06% | – |
| BDX | New | BECTON DICKINSON & CO | $449,258,000 | – | 2,302,590 | – | 4.71% | – |
| MMM | New | 3M CO | $448,445,000 | – | 2,154,065 | – | 4.70% | – |
| EL | New | LAUDER ESTEE COS INCcl a | $369,092,000 | – | 3,845,509 | – | 3.87% | – |
| SJM | New | SMUCKER J M CO | $240,295,000 | – | 2,043,846 | – | 2.52% | – |
| CL | New | COLGATE PALMOLIVE CO | $155,202,000 | – | 2,105,319 | – | 1.63% | – |
| INTU | New | INTUIT | $144,464,000 | – | 1,090,434 | – | 1.52% | – |
| MAR | New | MARRIOTT INTL INC NEWcl a | $18,526,000 | – | 184,750 | – | 0.19% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ORCL | Exit | ORACLE CORP | $0 | – | -22,526 | – | -0.01% | – |
| MAR | Exit | MARRIOTT INTL INC NEWcl a | $0 | – | -196,378 | – | -0.18% | – |
| CL | Exit | COLGATE PALMOLIVE CO | $0 | – | -1,905,537 | – | -1.92% | – |
| EL | Exit | LAUDER ESTEE COS INCcl a | $0 | – | -3,430,435 | – | -4.15% | – |
| Exit | AUTOMATIC DATA PROCESSING IN | $0 | – | -3,869,666 | – | -4.66% | – | |
| MMM | Exit | 3M CO | $0 | – | -1,968,552 | – | -4.74% | – |
| DPS | Exit | DR PEPPER SNAPPLE GROUP INC | $0 | – | -3,948,607 | – | -4.93% | – |
| Exit | BECTON DICKINSON & CO | $0 | – | -2,055,436 | – | -5.05% | – | |
| V | Exit | VISA INC | $0 | – | -4,944,537 | – | -5.59% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -3,983,318 | – | -6.43% | – |
| WAT | Exit | WATERS CORP | $0 | – | -3,030,360 | – | -6.56% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -4,136,878 | – | -6.58% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -4,966,048 | – | -6.60% | – |
| PYPL | Exit | PAYPAL HLDGS INC | $0 | – | -11,918,335 | – | -6.67% | – |
| SJM | Exit | SMUCKER J M CO | $0 | – | -3,623,898 | – | -6.68% | – |
| PEP | Exit | PEPSICO INC | $0 | – | -4,602,811 | – | -6.84% | – |
| IDXX | Exit | IDEXX LABS INC | $0 | – | -4,490,883 | – | -6.92% | – |
| Exit | BARD C R INC | $0 | – | -2,498,181 | – | -7.65% | – | |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -9,934,933 | – | -7.82% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Buy | MICROSOFT CORP | $572,252,000 | +26.5% | 9,934,933 | +12.4% | 7.82% | +9.2% |
| New | BARD C R INC | $559,630,000 | – | 2,498,181 | – | 7.65% | – | |
| IDXX | Buy | IDEXX LABS INC | $506,257,000 | +22.0% | 4,490,883 | +0.5% | 6.92% | +5.3% |
| PEP | Buy | PEPSICO INC | $500,648,000 | +33.5% | 4,602,811 | +30.0% | 6.84% | +15.2% |
| SJM | Buy | SMUCKER J M CO | $488,382,000 | -7.1% | 3,623,898 | +5.0% | 6.68% | -19.9% |
| PYPL | Buy | PAYPAL HLDGS INC | $488,294,000 | +35.1% | 11,918,335 | +20.4% | 6.67% | +16.6% |
| PM | Buy | PHILIP MORRIS INTL INC | $482,799,000 | +8.7% | 4,966,048 | +13.7% | 6.60% | -6.2% |
| SYK | Buy | STRYKER CORP | $481,574,000 | +2.2% | 4,136,878 | +5.2% | 6.58% | -11.8% |
| WAT | Buy | WATERS CORP | $480,282,000 | +39.9% | 3,030,360 | +24.1% | 6.56% | +20.7% |
| JNJ | Buy | JOHNSON & JOHNSON | $470,549,000 | +4.7% | 3,983,318 | +7.5% | 6.43% | -9.6% |
| V | Buy | VISA INC | $408,913,000 | +22.1% | 4,944,537 | +9.5% | 5.59% | +5.3% |
| New | BECTON DICKINSON & CO | $369,424,000 | – | 2,055,436 | – | 5.05% | – | |
| DPS | Buy | DR PEPPER SNAPPLE GROUP INC | $360,547,000 | +3.6% | 3,948,607 | +9.6% | 4.93% | -10.6% |
| MMM | Buy | 3M CO | $346,918,000 | +2.3% | 1,968,552 | +1.7% | 4.74% | -11.7% |
| New | AUTOMATIC DATA PROCESSING IN | $341,305,000 | – | 3,869,666 | – | 4.66% | – | |
| EL | Buy | LAUDER ESTEE COS INCcl a | $303,799,000 | +43.7% | 3,430,435 | +47.7% | 4.15% | +23.9% |
| CL | Buy | COLGATE PALMOLIVE CO | $140,507,000 | +39.4% | 1,905,537 | +37.7% | 1.92% | +20.3% |
| BDX | Exit | BECTON DICKINSON & CO | $0 | – | -1,793,493 | – | -4.82% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING IN | $0 | – | -3,336,791 | – | -4.86% | – |
| BCR | Exit | BARD C R INC | $0 | – | -2,197,626 | – | -8.18% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SJM | New | SMUCKER J M CO | $525,935,000 | – | 3,450,789 | – | 8.33% | – |
| BCR | New | BARD C R INC | $516,220,000 | – | 2,197,626 | – | 8.18% | – |
| SYK | New | STRYKER CORP | $471,260,000 | – | 3,932,735 | – | 7.46% | – |
| MSFT | New | MICROSOFT CORP | $452,209,000 | – | 8,837,391 | – | 7.16% | – |
| JNJ | New | JOHNSON & JOHNSON | $449,379,000 | – | 3,704,693 | – | 7.12% | – |
| PM | New | PHILIP MORRIS INTL INC | $444,277,000 | – | 4,367,647 | – | 7.04% | – |
| IDXX | New | IDEXX LABS INC | $415,023,000 | – | 4,469,336 | – | 6.57% | – |
| PEP | New | PEPSICO INC | $375,037,000 | – | 3,540,086 | – | 5.94% | – |
| PYPL | New | PAYPAL HLDGS INC | $361,309,000 | – | 9,896,155 | – | 5.72% | – |
| DPS | New | DR PEPPER SNAPPLE GROUP INC | $347,980,000 | – | 3,601,159 | – | 5.51% | – |
| WAT | New | WATERS CORP | $343,371,000 | – | 2,441,318 | – | 5.44% | – |
| MMM | New | 3M CO | $339,120,000 | – | 1,936,501 | – | 5.37% | – |
| V | New | VISA INC | $335,032,000 | – | 4,517,080 | – | 5.31% | – |
| ADP | New | AUTOMATIC DATA PROCESSING IN | $306,551,000 | – | 3,336,791 | – | 4.86% | – |
| BDX | New | BECTON DICKINSON & CO | $304,158,000 | – | 1,793,493 | – | 4.82% | – |
| EL | New | LAUDER ESTEE COS INCcl a | $211,465,000 | – | 2,323,286 | – | 3.35% | – |
| CL | New | COLGATE PALMOLIVE CO | $100,785,000 | – | 1,384,087 | – | 1.60% | – |
| MAR | New | MARRIOTT INTL INC NEWcl a | $13,051,000 | – | 196,378 | – | 0.21% | – |
| ORCL | New | ORACLE CORP | $919,000 | – | 22,526 | – | 0.02% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MAR | Exit | MARRIOT INTL INC NEWcl a | $0 | – | -54,182 | – | -0.11% | – |
| DNKN | Exit | DUNKIN BRANDS GROUP INC | $0 | – | -80,148 | – | -0.12% | – |
| DPZ | Exit | DOMINOS PIZZA INC | $0 | – | -45,290 | – | -0.15% | – |
| EBAY | Exit | EBAY INC | $0 | – | -2,296,306 | – | -1.71% | – |
| IDXX | Exit | IDEXX LABS INC | $0 | – | -880,486 | – | -1.99% | – |
| CL | Exit | COLGATE PALMOLIVE CO | $0 | – | -1,248,194 | – | -2.42% | – |
| WAT | Exit | WATERS CORP | $0 | – | -798,099 | – | -2.88% | – |
| PYPL | Exit | PAYPAL HLDGS INC | $0 | – | -4,269,126 | – | -4.04% | – |
| PG | Exit | PROCTER & GAMBLE CO | $0 | – | -1,870,102 | – | -4.10% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING IN | $0 | – | -2,058,579 | – | -5.04% | – |
| V | Exit | VISA INC | $0 | – | -2,606,001 | – | -5.54% | – |
| BDX | Exit | BECTON DICKINSON & CO | $0 | – | -1,582,864 | – | -6.40% | – |
| MMM | Exit | 3M CO | $0 | – | -1,503,516 | – | -6.50% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -3,171,358 | – | -7.67% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -2,696,170 | – | -7.68% | – |
| BCR | Exit | BARD C R INC | $0 | – | -1,408,096 | – | -8.00% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -2,921,841 | – | -8.38% | – |
| PEP | Exit | PEPSICO INC | $0 | – | -2,965,356 | – | -8.53% | – |
| DPS | Exit | DR PEPPER SNAPPLE GROUP INC | $0 | – | -3,553,749 | – | -8.57% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -7,531,685 | – | -10.17% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Buy | MICROSOFT CORP | $333,352,000 | +5.0% | 7,531,685 | +4.7% | 10.17% | +1.7% |
| DPS | Buy | DR PEPPER SNAPPLE GROUP INC | $280,924,000 | +9.6% | 3,553,749 | +1.1% | 8.57% | +6.2% |
| PEP | Buy | PEPSICO INC | $279,633,000 | +16.6% | 2,965,356 | +15.4% | 8.53% | +12.9% |
| SYK | Buy | STRYKER CORP | $274,945,000 | +4.1% | 2,921,841 | +5.7% | 8.38% | +0.9% |
| BCR | Buy | BARD C R INC | $262,342,000 | +21.3% | 1,408,096 | +11.0% | 8.00% | +17.5% |
| JNJ | Buy | JOHNSON & JOHNSON | $251,687,000 | +11.7% | 2,696,170 | +16.6% | 7.68% | +8.2% |
| PM | Buy | PHILIP MORRIS INTL INC | $251,584,000 | +5.3% | 3,171,358 | +6.4% | 7.67% | +2.0% |
| MMM | Buy | 3M CO | $213,153,000 | +11.3% | 1,503,516 | +21.2% | 6.50% | +7.8% |
| BDX | Sell | BECTON DICKINSON & CO | $209,983,000 | -10.3% | 1,582,864 | -4.2% | 6.40% | -13.0% |
| V | Buy | VISA INC | $181,534,000 | +5.7% | 2,606,001 | +1.9% | 5.54% | +2.4% |
| ADP | Buy | AUTOMATIC DATA PROCESSING IN | $165,427,000 | +17.0% | 2,058,579 | +16.8% | 5.04% | +13.3% |
| PG | Buy | PROCTER & GAMBLE CO | $134,535,000 | +6.2% | 1,870,102 | +15.5% | 4.10% | +2.9% |
| PYPL | New | PAYPAL HLDGS INC | $132,514,000 | – | 4,269,126 | – | 4.04% | – |
| WAT | Buy | WATERS CORP | $94,343,000 | +136.5% | 798,099 | +156.8% | 2.88% | +129.1% |
| IDXX | Buy | IDEXX LABS INC | $65,376,000 | +1425.0% | 880,486 | +1217.3% | 1.99% | +1377.0% |
| EBAY | Sell | EBAY INC | $56,122,000 | -78.2% | 2,296,306 | -46.2% | 1.71% | -78.9% |
| DPZ | Sell | DOMINOS PIZZA INC | $4,887,000 | -97.0% | 45,290 | -96.8% | 0.15% | -97.1% |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | New | MICROSOFT CORP | $317,598,000 | – | 7,193,620 | – | 10.00% | – |
| SYK | New | STRYKER CORP | $264,098,000 | – | 2,763,395 | – | 8.31% | – |
| EBAY | New | EBAY INC | $257,172,000 | – | 4,269,126 | – | 8.10% | – |
| DPS | New | DR PEPPER SNAPPLE GROUP INC | $256,215,000 | – | 3,514,615 | – | 8.06% | – |
| PEP | New | PEPSICO INC | $239,899,000 | – | 2,570,158 | – | 7.55% | – |
| PM | New | PHILIP MORRIS INTL INC | $238,858,000 | – | 2,979,388 | – | 7.52% | – |
| BDX | New | BECTON DICKINSON & CO | $233,989,000 | – | 1,651,879 | – | 7.36% | – |
| JNJ | New | JOHNSON & JOHNSON | $225,412,000 | – | 2,312,869 | – | 7.10% | – |
| BCR | New | BARD C R INC | $216,218,000 | – | 1,268,364 | – | 6.81% | – |
| MMM | New | 3M CO | $191,478,000 | – | 1,240,946 | – | 6.03% | – |
| V | New | VISA INC | $171,756,000 | – | 2,557,790 | – | 5.41% | – |
| DPZ | New | DOMINOS PIZZA INC | $162,092,000 | – | 1,429,387 | – | 5.10% | – |
| ADP | New | AUTOMATIC DATA PROCESSING INC | $141,410,000 | – | 1,762,562 | – | 4.45% | – |
| PG | New | PROCTER & GAMBLE CO | $126,646,000 | – | 1,618,689 | – | 3.99% | – |
| CL | New | COLGATE PALMOLIVE CO | $81,644,000 | – | 1,248,194 | – | 2.57% | – |
| WAT | New | WATERS CORP | $39,892,000 | – | 310,736 | – | 1.26% | – |
| DNKN | New | DUNKIN BRANDS GROUP INC | $4,408,000 | – | 80,148 | – | 0.14% | – |
| IDXX | New | IDEXX LABS INC | $4,287,000 | – | 66,840 | – | 0.14% | – |
| MAR | New | MARRIOT INTL INC NEWcl a | $4,031,000 | – | 54,182 | – | 0.13% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CL | Exit | COLGATE PALMOLIVE CO | $0 | – | -972,598 | – | -2.70% | – |
| CHH | Exit | CHOICE HOTELS INTL INC | $0 | – | -1,224,737 | – | -2.71% | – |
| EBAY | Exit | EBAY INC | $0 | – | -1,938,349 | – | -4.69% | – |
| SIAL | Exit | BARD CR INC | $0 | – | -800,523 | – | -4.88% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING INC | $0 | – | -1,592,266 | – | -4.96% | – |
| MMM | Exit | 3M CO | $0 | – | -846,655 | – | -5.13% | – |
| PG | Exit | PROCTER & GAMBLE CO | $0 | – | -1,433,679 | – | -5.13% | – |
| V | Exit | VISA INC | $0 | – | -597,748 | – | -5.45% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -1,434,318 | – | -6.54% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -1,942,923 | – | -6.93% | – |
| DPZ | Exit | DOMINOS PIZZA INC | $0 | – | -2,134,570 | – | -7.02% | – |
| BDX | Exit | BECTON DICKINSON & CO | $0 | – | -1,525,906 | – | -7.42% | – |
| PEP | Exit | PEPSICO INC | $0 | – | -1,886,556 | – | -7.51% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -2,539,116 | – | -8.77% | – |
| DPS | Exit | DR PEPPER SNAPPLE GROUP INC | $0 | – | -3,375,072 | – | -9.28% | – |
| MCD | Exit | MICROSOFT | $0 | – | -5,488,976 | – | -10.88% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MCD | Buy | MICROSOFT | $254,469,000 | +16.1% | 5,488,976 | +4.4% | 10.88% | +7.6% |
| DPS | Buy | DR PEPPER SNAPPLE GROUP INC | $217,051,000 | +10.7% | 3,375,072 | +0.8% | 9.28% | +2.6% |
| SYK | Buy | STRYKER CORP | $205,034,000 | -1.1% | 2,539,116 | +3.2% | 8.77% | -8.4% |
| BDX | New | BECTON DICKINSON & CO | $173,663,000 | – | 1,525,906 | – | 7.42% | – |
| PM | Buy | PHILIP MORRIS INTL INC | $162,040,000 | +7.7% | 1,942,923 | +8.9% | 6.93% | -0.2% |
| JNJ | Buy | JOHNSON & JOHNSON | $152,884,000 | +12.1% | 1,434,318 | +10.0% | 6.54% | +3.9% |
| V | Buy | VISA INC | $127,541,000 | +4.0% | 597,748 | +2.7% | 5.45% | -3.6% |
| PG | Buy | PROCTER & GAMBLE CO | $120,056,000 | +8.0% | 1,433,679 | +1.4% | 5.13% | +0.1% |
| MMM | Buy | 3M CO | $119,954,000 | +0.3% | 846,655 | +1.4% | 5.13% | -7.1% |
| ADP | New | AUTOMATIC DATA PROCESSING INC | $116,049,000 | – | 1,592,266 | – | 4.96% | – |
| SIAL | Buy | BARD CR INC | $114,067,000 | +14.3% | 800,523 | +14.7% | 4.88% | +5.9% |
| EBAY | Buy | EBAY INC | $109,769,000 | +84.2% | 1,938,349 | +62.8% | 4.69% | +70.7% |
| CHH | Sell | CHOICE HOTELS INTL INC | $63,460,000 | -6.1% | 1,224,737 | -14.7% | 2.71% | -13.0% |
| CL | Buy | COLGATE PALMOLIVE CO | $63,078,000 | +6.2% | 972,598 | +11.7% | 2.70% | -1.6% |
| Exit | AUTOMATIC DATA PROCESSING INC | $0 | – | -1,571,495 | – | -5.75% | – | |
| Exit | BECTON DICKINSON & CO | $0 | – | -1,424,756 | – | -7.78% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MCD | New | MICROSOFT | $219,187,000 | – | 5,256,276 | – | 10.12% | – |
| SYK | New | STRYKER CORP | $207,384,000 | – | 2,459,488 | – | 9.57% | – |
| DPS | New | DR PEPPER SNAPPLE GROUP INC | $196,046,000 | – | 3,346,639 | – | 9.05% | – |
| PEP | New | PEPSICO INC | $168,545,000 | – | 1,886,556 | – | 7.78% | – |
| New | BECTON DICKINSON & CO | $168,549,000 | – | 1,424,756 | – | 7.78% | – | |
| DPZ | New | DOMINOS PIZZA INC | $156,016,000 | – | 2,134,570 | – | 7.20% | – |
| PM | New | PHILIP MORRIS INTL INC | $150,419,000 | – | 1,784,113 | – | 6.94% | – |
| JNJ | New | JOHNSON & JOHNSON | $136,360,000 | – | 1,303,385 | – | 6.29% | – |
| New | AUTOMATIC DATA PROCESSING INC | $124,588,000 | – | 1,571,495 | – | 5.75% | – | |
| V | New | VISA INC | $122,630,000 | – | 581,984 | – | 5.66% | – |
| MMM | New | 3M CO | $119,619,000 | – | 835,096 | – | 5.52% | – |
| PG | New | PROCTER & GAMBLE CO | $111,151,000 | – | 1,414,311 | – | 5.13% | – |
| SIAL | New | BARD CR INC | $99,814,000 | – | 697,953 | – | 4.61% | – |
| CHH | New | CHOICE HOTELS INTL INC | $67,612,000 | – | 1,435,203 | – | 3.12% | – |
| EBAY | New | EBAY INC | $59,585,000 | – | 1,190,275 | – | 2.75% | – |
| CL | New | COLGATE PALMOLIVE CO | $59,379,000 | – | 870,912 | – | 2.74% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| V | Exit | VISA INC | $0 | – | -248,634 | – | -3.16% | – |
| WAT | Exit | WATERS CORP | $0 | – | -449,096 | – | -3.18% | – |
| SIAL | Exit | BARD CR INC | $0 | – | -430,224 | – | -3.30% | – |
| CL | Exit | COLGATE PALMOLIVE CO | $0 | – | -841,004 | – | -3.30% | – |
| CHH | Exit | CHOICE HOTELS INTL INC | $0 | – | -1,422,535 | – | -4.07% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -990,377 | – | -5.71% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -1,038,629 | – | -5.99% | – |
| PEP | Exit | PEPSICO INC | $0 | – | -1,148,821 | – | -6.08% | – |
| PG | Exit | PROCTER & GAMBLE CO | $0 | – | -1,301,833 | – | -6.55% | – |
| MMM | Exit | 3M CO | $0 | – | -835,096 | – | -6.64% | – |
| Exit | AUTOMATIC DATA PROCESSING INC | $0 | – | -1,408,541 | – | -6.78% | – | |
| Exit | BECTON DICKINSON & CO | $0 | – | -1,145,413 | – | -7.62% | – | |
| DPS | Exit | DR PEPPER SNAPPLE GROUP INC | $0 | – | -3,036,706 | – | -9.06% | – |
| MCD | Exit | MICROSOFT CORP | $0 | – | -4,094,461 | – | -9.07% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -2,091,159 | – | -9.41% | – |
| DPZ | Exit | DOMINOS PIZZA INC | $0 | – | -2,229,652 | – | -10.08% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SYK | Buy | STRYKER CORP | $141,341,000 | +8.1% | 2,091,159 | +3.5% | 9.41% | +2.4% |
| MCD | Buy | MICROSOFT CORP | $136,264,000 | +221.6% | 4,094,461 | +856.7% | 9.07% | +204.5% |
| DPS | Buy | DR PEPPER SNAPPLE GROUP INC | $136,105,000 | +4.7% | 3,036,706 | +7.3% | 9.06% | -0.9% |
| New | BECTON DICKINSON & CO | $114,564,000 | – | 1,145,413 | – | 7.62% | – | |
| New | AUTOMATIC DATA PROCESSING INC | $101,950,000 | – | 1,408,541 | – | 6.78% | – | |
| PEP | Buy | PEPSICO INC | $91,331,000 | +14.2% | 1,148,821 | +17.4% | 6.08% | +8.1% |
| PM | Buy | PHILIP MORRIS INTL INC | $85,757,000 | +16.9% | 990,377 | +17.0% | 5.71% | +10.7% |
| CL | Buy | COLGATE PALMOLIVE CO | $49,602,000 | +10.3% | 841,004 | +7.2% | 3.30% | +4.5% |
| SIAL | Buy | BARD CR INC | $49,562,000 | +74.4% | 430,224 | +64.5% | 3.30% | +65.1% |
| WAT | Sell | WATERS CORP | $47,698,000 | -36.0% | 449,096 | -39.7% | 3.18% | -39.3% |
| V | Buy | VISA INC | $47,514,000 | +94.2% | 248,634 | +85.7% | 3.16% | +83.8% |
| ADP | Exit | AUTOMATIC DATA PROCESSING INC | $0 | – | -1,408,541 | – | -6.82% | – |
| BDX | Exit | BECTON DICKINSON & CO | $0 | – | -1,098,017 | – | -7.63% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -3,525,044 | – | -8.56% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SYK | New | STRYKER CORP | $130,745,000 | – | 2,021,417 | – | 9.19% | – |
| DPS | New | DR PEPPER SNAPPLE GROUP INC | $130,030,000 | – | 2,831,057 | – | 9.14% | – |
| DPZ | New | DOMINOS PIZZA INC | $129,654,000 | – | 2,229,652 | – | 9.11% | – |
| MSFT | New | MICROSOFT CORP | $121,773,000 | – | 3,525,044 | – | 8.56% | – |
| BDX | New | BECTON DICKINSON & CO | $108,517,000 | – | 1,098,017 | – | 7.63% | – |
| PG | New | PROCTER & GAMBLE CO | $100,228,000 | – | 1,301,833 | – | 7.04% | – |
| ADP | New | AUTOMATIC DATA PROCESSING INC | $96,992,000 | – | 1,408,541 | – | 6.82% | – |
| MMM | New | 3M CO | $91,318,000 | – | 835,096 | – | 6.42% | – |
| JNJ | New | JOHNSON & JOHNSON | $89,177,000 | – | 1,038,629 | – | 6.27% | – |
| PEP | New | PEPSICO INC | $80,003,000 | – | 978,146 | – | 5.62% | – |
| WAT | New | WATERS CORP | $74,472,000 | – | 744,352 | – | 5.23% | – |
| PM | New | PHILIP MORRIS INTL INC | $73,344,000 | – | 846,738 | – | 5.15% | – |
| CHH | New | CHOICE HOTELS INTL INC | $56,460,000 | – | 1,422,535 | – | 3.97% | – |
| CL | New | COLGATE PALMOLIVE CO | $44,965,000 | – | 784,868 | – | 3.16% | – |
| MCD | New | MCDONALDS CORP | $42,372,000 | – | 427,999 | – | 2.98% | – |
| SIAL | New | BARD C R INC | $28,425,000 | – | 261,549 | – | 2.00% | – |
| V | New | VISA INC | $24,469,000 | – | 133,894 | – | 1.72% | – |