Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| V | Buy | VISA INC-CLASS A SHARES | $922,693,855 | +6.7% | 4,011,538 | +10.2% | 16.81% | +12.9% |
| MSFT | Buy | MICROSOFT CORP | $849,580,000 | +17.2% | 2,690,673 | +26.4% | 15.48% | +24.1% |
| FISV | Sell | FISERV INC | $644,047,653 | -31.2% | 5,701,555 | -23.2% | 11.73% | -27.2% |
| MA | Sell | MASTERCARD INC-CLASS A | $635,404,273 | -6.2% | 1,604,921 | -6.8% | 11.58% | -0.7% |
| CRM | Buy | SALESFORCE INC | $598,808,326 | +4.6% | 2,952,995 | +9.0% | 10.91% | +10.7% |
| TRU | Buy | TRANSUNION | $594,013,361 | +26.0% | 8,274,319 | +37.5% | 10.82% | +33.3% |
| ADBE | Sell | ADOBE INC | $485,640,998 | -15.9% | 952,424 | -19.3% | 8.85% | -10.9% |
| TMO | New | THERMO FISHER SCIENTIFIC INC | $383,487,046 | – | 757,625 | – | 6.99% | – |
| ICLR | Sell | ICON PLC | $240,811,323 | -15.7% | 977,914 | -14.4% | 4.39% | -10.8% |
| A | Sell | AGILENT TECHNOLOGIES INC | $134,506,601 | -52.8% | 1,202,885 | -49.2% | 2.45% | -50.0% |
| TJX | Exit | TJX COMPANIES INC | $0 | – | -4,896,496 | – | -7.15% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FISV | New | FISERV INC | $936,007,392 | – | 7,419,797 | – | 16.11% | – |
| V | New | VISA INC-CLASS A SHARES | $864,763,472 | – | 3,641,416 | – | 14.89% | – |
| MSFT | New | MICROSOFT CORP | $724,652,434 | – | 2,127,951 | – | 12.47% | – |
| MA | New | MASTERCARD INC-CLASS A | $677,205,965 | – | 1,721,856 | – | 11.66% | – |
| ADBE | New | ADOBE INC | $577,172,012 | – | 1,180,335 | – | 9.94% | – |
| CRM | New | SALESFORCE INC | $572,346,860 | – | 2,709,206 | – | 9.85% | – |
| TRU | New | TRANSUNION | $471,463,179 | – | 6,018,935 | – | 8.12% | – |
| TJX | New | TJX COMPANIES INC | $415,173,896 | – | 4,896,496 | – | 7.15% | – |
| ICLR | New | ICON PLC | $285,704,881 | – | 1,141,906 | – | 4.92% | – |
| A | New | AGILENT TECHNOLOGIES INC | $284,858,301 | – | 2,368,884 | – | 4.90% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ADBE | Exit | ADOBE INC | $0 | – | -635,268 | – | -3.57% | – |
| GOOGL | Exit | ALPHABET INC-CL A | $0 | – | -2,264,678 | – | -4.43% | – |
| A | Exit | AGILENT TECHNOLOGIES INC | $0 | – | -1,841,459 | – | -4.58% | – |
| TJX | Exit | TJX COMPANIES INC | $0 | – | -5,350,080 | – | -6.80% | – |
| TRU | Exit | TRANSUNION | $0 | – | -5,983,742 | – | -7.28% | – |
| CRM | Exit | SALESFORCE INC | $0 | – | -2,839,971 | – | -8.35% | – |
| V | Exit | VISA INC-CLASS A SHARES | $0 | – | -2,815,672 | – | -10.23% | – |
| PYPL | Exit | PAYPAL HOLDINGS INC | $0 | – | -6,479,849 | – | -11.40% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -2,994,487 | – | -14.26% | – |
| MA | Exit | MASTERCARD INC-CLASS A | $0 | – | -2,460,725 | – | -14.30% | – |
| FISV | Exit | FISERV INC | $0 | – | -7,738,005 | – | -14.80% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FISV | Sell | FISERV INC | $724,045,000 | +0.7% | 7,738,005 | -4.3% | 14.80% | +6.8% |
| MA | Sell | MASTERCARD INC-CLASS A | $699,683,000 | -10.9% | 2,460,725 | -1.1% | 14.30% | -5.4% |
| MSFT | Buy | MICROSOFT CORP | $697,416,000 | -1.9% | 2,994,487 | +8.1% | 14.26% | +4.1% |
| PYPL | Sell | PAYPAL HOLDINGS INC | $557,721,000 | +17.2% | 6,479,849 | -4.9% | 11.40% | +24.3% |
| V | Buy | VISA INC-CLASS A SHARES | $500,204,000 | -5.5% | 2,815,672 | +4.7% | 10.23% | +0.3% |
| CRM | Buy | SALESFORCE INC | $408,501,000 | +22.6% | 2,839,971 | +40.7% | 8.35% | +30.1% |
| TRU | Buy | TRANSUNION | $355,973,000 | -11.2% | 5,983,742 | +19.4% | 7.28% | -5.7% |
| TJX | Buy | TJX COMPANIES INC | $332,347,000 | +22.1% | 5,350,080 | +9.7% | 6.80% | +29.5% |
| A | New | AGILENT TECHNOLOGIES INC | $223,829,000 | – | 1,841,459 | – | 4.58% | – |
| GOOGL | Buy | ALPHABET INC-CL A | $216,616,000 | -51.4% | 2,264,678 | +1006.3% | 4.43% | -48.5% |
| ADBE | Buy | ADOBE INC | $174,826,000 | -1.3% | 635,268 | +31.3% | 3.57% | +4.7% |
| CHTR | Exit | CHARTER COMMUNICATIONS INC-A | $0 | – | -353,497 | – | -3.19% | – |
| ROST | Exit | ROSS STORES INC | $0 | – | -2,485,522 | – | -3.36% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MA | New | MASTERCARD INC-CLASS A | $785,082,000 | – | 2,488,533 | – | 15.12% | – |
| FISV | New | FISERV INC | $719,299,000 | – | 8,084,736 | – | 13.86% | – |
| MSFT | New | MICROSOFT CORP | $711,151,000 | – | 2,768,956 | – | 13.70% | – |
| V | New | VISA INC-CLASS A SHARES | $529,380,000 | – | 2,688,710 | – | 10.20% | – |
| PYPL | New | PAYPAL HOLDINGS INC | $476,022,000 | – | 6,815,889 | – | 9.17% | – |
| GOOGL | New | ALPHABET INC-CL A | $446,112,000 | – | 204,708 | – | 8.60% | – |
| TRU | New | TRANSUNION | $400,768,000 | – | 5,010,225 | – | 7.72% | – |
| CRM | New | SALESFORCE INC | $333,162,000 | – | 2,018,672 | – | 6.42% | – |
| TJX | New | TJX COMPANIES INC | $272,291,000 | – | 4,875,404 | – | 5.25% | – |
| ADBE | New | ADOBE INC | $177,075,000 | – | 483,731 | – | 3.41% | – |
| ROST | New | ROSS STORES INC | $174,558,000 | – | 2,485,522 | – | 3.36% | – |
| CHTR | New | CHARTER COMMUNICATIONS INC-A | $165,624,000 | – | 353,497 | – | 3.19% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VRSN | Exit | VERISIGN INC | $0 | – | -29,075 | – | -0.10% | – |
| AON | Exit | AON PLC | $0 | – | -49,719 | – | -0.25% | – |
| AZPN | Exit | ASPEN TECHNOLOGY INC | $0 | – | -120,108 | – | -0.26% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -70,752 | – | -0.32% | – |
| TRU | Exit | TRANSUNION | $0 | – | -2,082,350 | – | -4.07% | – |
| FIS | Exit | FIDELITY NATIONAL INFO SERV | $0 | – | -2,603,728 | – | -5.52% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING | $0 | – | -2,019,327 | – | -7.03% | – |
| GDDY | Exit | GODADDY INC - CLASS A | $0 | – | -6,720,613 | – | -8.16% | – |
| ABT | Exit | ABBOTT LABORATORIES | $0 | – | -4,006,207 | – | -8.24% | – |
| FB | Exit | FACEBOOK INC-A | $0 | – | -1,543,024 | – | -9.12% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -1,971,939 | – | -9.68% | – |
| MA | Exit | MASTERCARD INC-CLASS A | $0 | – | -1,733,271 | – | -10.50% | – |
| DG | Exit | DOLLAR GENERAL CORP | $0 | – | -3,088,638 | – | -11.41% | – |
| CHTR | Exit | CHARTER COMMUNICATIONS INC-A | $0 | – | -925,521 | – | -11.73% | – |
| FISV | Exit | FISERV INC | $0 | – | -7,191,844 | – | -13.59% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FISV | Buy | FISERV INC | $780,315,000 | +9.1% | 7,191,844 | +7.5% | 13.59% | +4.2% |
| CHTR | Sell | CHARTER COMMUNICATIONS INC-A | $673,372,000 | -3.1% | 925,521 | -3.9% | 11.73% | -7.5% |
| DG | Buy | DOLLAR GENERAL CORP | $655,224,000 | +4.7% | 3,088,638 | +6.8% | 11.41% | +0.0% |
| MA | New | MASTERCARD INC-CLASS A | $602,624,000 | – | 1,733,271 | – | 10.50% | – |
| MSFT | Sell | MICROSOFT CORP | $555,929,000 | -16.5% | 1,971,939 | -19.8% | 9.68% | -20.2% |
| FB | New | FACEBOOK INC-A | $523,687,000 | – | 1,543,024 | – | 9.12% | – |
| ABT | Sell | ABBOTT LABORATORIES | $473,253,000 | -3.1% | 4,006,207 | -4.9% | 8.24% | -7.5% |
| GDDY | Buy | GODADDY INC - CLASS A | $468,427,000 | -3.4% | 6,720,613 | +20.5% | 8.16% | -7.7% |
| ADP | Sell | AUTOMATIC DATA PROCESSING | $403,704,000 | -3.3% | 2,019,327 | -3.9% | 7.03% | -7.6% |
| FIS | Buy | FIDELITY NATIONAL INFO SERV | $316,822,000 | -0.7% | 2,603,728 | +15.6% | 5.52% | -5.1% |
| TRU | Sell | TRANSUNION | $233,869,000 | -40.0% | 2,082,350 | -41.3% | 4.07% | -42.7% |
| SYK | Sell | STRYKER CORP | $18,659,000 | -80.1% | 70,752 | -80.4% | 0.32% | -80.9% |
| AZPN | Sell | ASPEN TECHNOLOGY INC | $14,749,000 | -76.0% | 120,108 | -73.1% | 0.26% | -77.1% |
| AON | Sell | AON PLC | $14,208,000 | -97.1% | 49,719 | -97.6% | 0.25% | -97.2% |
| VRSN | New | VERISIGN INC | $5,961,000 | – | 29,075 | – | 0.10% | – |
| TJX | Exit | TJX COMPANIES INC | $0 | – | -575,882 | – | -0.71% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FISV | New | FISERV INC | $715,292,000 | – | 6,691,854 | – | 13.04% | – |
| CHTR | New | CHARTER COMMUNICATIONS INC-A | $695,095,000 | – | 963,469 | – | 12.68% | – |
| MSFT | New | MICROSOFT CORP | $665,759,000 | – | 2,457,582 | – | 12.14% | – |
| DG | New | DOLLAR GENERAL CORP | $625,651,000 | – | 2,891,310 | – | 11.41% | – |
| AON | New | AON PLC | $488,709,000 | – | 2,046,862 | – | 8.91% | – |
| ABT | New | ABBOTT LABORATORIES | $488,620,000 | – | 4,214,783 | – | 8.91% | – |
| GDDY | New | GODADDY INC - CLASS A | $484,946,000 | – | 5,576,660 | – | 8.84% | – |
| ADP | New | AUTOMATIC DATA PROCESSING | $417,485,000 | – | 2,101,927 | – | 7.61% | – |
| TRU | New | TRANSUNION | $389,568,000 | – | 3,547,654 | – | 7.10% | – |
| FIS | New | FIDELITY NATIONAL INFO SERV | $319,024,000 | – | 2,251,879 | – | 5.82% | – |
| SYK | New | STRYKER CORP | $93,565,000 | – | 360,240 | – | 1.71% | – |
| AZPN | New | ASPEN TECHNOLOGY INC | $61,398,000 | – | 446,403 | – | 1.12% | – |
| TJX | New | TJX COMPANIES INC | $38,826,000 | – | 575,882 | – | 0.71% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| V | Exit | VISA INC-CLASS A SHARES | $0 | – | -405,295 | – | -1.90% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING | $0 | – | -1,155,170 | – | -3.79% | – |
| A | Exit | AGILENT TECHNOLOGIES INC | $0 | – | -2,795,198 | – | -6.63% | – |
| DG | Exit | DOLLAR GENERAL CORP | $0 | – | -1,475,063 | – | -7.26% | – |
| FIS | Exit | FIDELITY NATIONAL INFO SERV | $0 | – | -2,554,189 | – | -8.83% | – |
| AZPN | Exit | ASPEN TECHNOLOGY INC | $0 | – | -3,233,801 | – | -9.62% | – |
| AON | Exit | AON PLC | $0 | – | -2,030,103 | – | -9.84% | – |
| SYK | Exit | STRYKER CORP | $0 | – | -2,061,093 | – | -10.09% | – |
| CHTR | Exit | CHARTER COMMUNICATIONS INC-A | $0 | – | -691,570 | – | -10.14% | – |
| GDDY | Exit | GODADDY INC - CLASS A | $0 | – | -5,740,649 | – | -10.25% | – |
| TJX | Exit | TJX COMPANIES INC | $0 | – | -7,860,494 | – | -10.28% | – |
| FISV | Exit | FISERV INC | $0 | – | -4,693,919 | – | -11.36% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FISV | Buy | FISERV INC | $483,708,000 | +82.0% | 4,693,919 | +72.4% | 11.36% | +48.1% |
| TJX | Buy | TJX COMPANIES INC | $437,436,000 | +59.4% | 7,860,494 | +44.8% | 10.28% | +29.7% |
| GDDY | Buy | GODADDY INC - CLASS A | $436,117,000 | +34.9% | 5,740,649 | +30.2% | 10.25% | +9.7% |
| CHTR | Sell | CHARTER COMMUNICATIONS INC-A | $431,775,000 | +10.0% | 691,570 | -10.2% | 10.14% | -10.5% |
| SYK | Buy | STRYKER CORP | $429,470,000 | +39.4% | 2,061,093 | +20.5% | 10.09% | +13.4% |
| AON | Buy | AON PLC | $418,810,000 | +9.6% | 2,030,103 | +2.3% | 9.84% | -10.8% |
| AZPN | Buy | ASPEN TECHNOLOGY INC | $409,367,000 | +85.6% | 3,233,801 | +51.9% | 9.62% | +51.0% |
| FIS | Sell | FIDELITY NATIONAL INFO SERV | $376,002,000 | -3.6% | 2,554,189 | -12.2% | 8.83% | -21.5% |
| DG | New | DOLLAR GENERAL CORP | $309,203,000 | – | 1,475,063 | – | 7.26% | – |
| A | Buy | AGILENT TECHNOLOGIES INC | $282,147,000 | +49.7% | 2,795,198 | +31.0% | 6.63% | +21.8% |
| ADP | Sell | AUTOMATIC DATA PROCESSING | $161,135,000 | -38.7% | 1,155,170 | -34.6% | 3.79% | -50.2% |
| V | Sell | VISA INC-CLASS A SHARES | $81,047,000 | -54.1% | 405,295 | -55.7% | 1.90% | -62.7% |
| MA | Exit | MASTERCARD INC-CLASS A | $0 | – | -219,115 | – | -1.87% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -1,049,785 | – | -6.17% | – |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CHTR | New | CHARTER COMMUNICATIONS INC-A | $392,619,000 | – | 769,781 | – | 11.34% | – |
| FIS | New | FIDELITY NATIONAL INFO SERV | $389,909,000 | – | 2,907,812 | – | 11.26% | – |
| AON | New | AON PLC | $382,157,000 | – | 1,984,201 | – | 11.03% | – |
| GDDY | New | GODADDY INC - CLASS A | $323,401,000 | – | 4,410,217 | – | 9.34% | – |
| SYK | New | STRYKER CORP | $308,081,000 | – | 1,709,757 | – | 8.90% | – |
| TJX | New | TJX COMPANIES INC | $274,429,000 | – | 5,427,790 | – | 7.92% | – |
| FISV | New | FISERV INC | $265,717,000 | – | 2,721,956 | – | 7.67% | – |
| ADP | New | AUTOMATIC DATA PROCESSING | $263,051,000 | – | 1,766,745 | – | 7.60% | – |
| AZPN | New | ASPEN TECHNOLOGY INC | $220,573,000 | – | 2,128,875 | – | 6.37% | – |
| MSFT | New | MICROSOFT CORP | $213,642,000 | – | 1,049,785 | – | 6.17% | – |
| A | New | AGILENT TECHNOLOGIES INC | $188,527,000 | – | 2,133,378 | – | 5.44% | – |
| V | New | VISA INC-CLASS A SHARES | $176,578,000 | – | 914,109 | – | 5.10% | – |
| MA | New | MASTERCARD INC-CLASS A | $64,792,000 | – | 219,115 | – | 1.87% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SPGI | Exit | S&P GLOBAL INC | $0 | – | -188,339 | – | -1.78% | – |
| MA | Exit | MASTERCARD INC-CLASS A | $0 | – | -394,267 | – | -4.12% | – |
| GDDY | Exit | GODADDY INC - CLASS A | $0 | – | -1,897,595 | – | -4.82% | – |
| TRU | Exit | TRANSUNION | $0 | – | -1,634,973 | – | -5.10% | – |
| HD | Exit | HOME DEPOT INC | $0 | – | -627,509 | – | -5.60% | – |
| ROST | Exit | ROSS STORES INC | $0 | – | -1,448,970 | – | -6.12% | – |
| BKNG | Exit | BOOKING HOLDINGS INC | $0 | – | -89,557 | – | -6.76% | – |
| A | Exit | AGILENT TECHNOLOGIES INC | $0 | – | -2,305,005 | – | -6.80% | – |
| ADP | Exit | AUTOMATIC DATA PROCESSING | $0 | – | -1,307,642 | – | -8.12% | – |
| V | Exit | VISA INC-CLASS A SHARES | $0 | – | -1,289,283 | – | -8.53% | – |
| TJX | Exit | TJX COMPANIES INC | $0 | – | -4,491,122 | – | -9.63% | – |
| ADBE | Exit | ADOBE INC | $0 | – | -912,250 | – | -9.70% | – |
| FIS | Exit | FIDELITY NATIONAL INFO SERV | $0 | – | -2,211,712 | – | -11.30% | – |
| CMCSA | Exit | COMCAST CORP-CLASS A | $0 | – | -6,691,116 | – | -11.61% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CMCSA | Buy | COMCAST CORP-CLASS A | $301,636,000 | +21.9% | 6,691,116 | +14.3% | 11.61% | +17.5% |
| FIS | New | FIDELITY NATIONAL INFO SERV | $293,627,000 | – | 2,211,712 | – | 11.30% | – |
| ADBE | Buy | ADOBE INC | $252,009,000 | +18.1% | 912,250 | +26.0% | 9.70% | +13.9% |
| TJX | Buy | TJX COMPANIES INC | $250,335,000 | +56.5% | 4,491,122 | +48.5% | 9.63% | +50.8% |
| V | Sell | VISA INC-CLASS A SHARES | $221,770,000 | -10.3% | 1,289,283 | -9.5% | 8.53% | -13.6% |
| ADP | New | AUTOMATIC DATA PROCESSING | $211,080,000 | – | 1,307,642 | – | 8.12% | – |
| A | Sell | AGILENT TECHNOLOGIES INC | $176,633,000 | -13.7% | 2,305,005 | -15.9% | 6.80% | -16.8% |
| BKNG | Sell | BOOKING HOLDINGS INC | $175,765,000 | -3.9% | 89,557 | -8.2% | 6.76% | -7.3% |
| ROST | Sell | ROSS STORES INC | $159,169,000 | -15.3% | 1,448,970 | -23.6% | 6.12% | -18.4% |
| HD | Sell | HOME DEPOT INC | $145,595,000 | -9.1% | 627,509 | -18.5% | 5.60% | -12.4% |
| TRU | Sell | TRANSUNION | $132,613,000 | -37.0% | 1,634,973 | -42.9% | 5.10% | -39.3% |
| GDDY | Buy | GODADDY INC - CLASS A | $125,203,000 | -4.1% | 1,897,595 | +2.0% | 4.82% | -7.6% |
| MA | Sell | MASTERCARD INC-CLASS A | $107,071,000 | -16.5% | 394,267 | -18.6% | 4.12% | -19.5% |
| SPGI | Sell | S&P GLOBAL INC | $46,139,000 | -66.6% | 188,339 | -68.9% | 1.78% | -67.8% |
| PLYA | Exit | PLAYA HOTELS & RESORTS NV | $0 | – | -2,404,040 | – | -0.74% | – |
| WP | Exit | WORLDPAY INC. | $0 | – | -2,243,697 | – | -10.98% | – |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WP | New | WORLDPAY INC. | $274,965,000 | – | 2,243,697 | – | 10.98% | – |
| CMCSA | New | COMCAST CORP-CLASS A | $247,498,000 | – | 5,853,788 | – | 9.88% | – |
| V | New | VISA INC-CLASS A SHARES | $247,264,000 | – | 1,424,745 | – | 9.87% | – |
| ADBE | New | ADOBE INC | $213,343,000 | – | 724,056 | – | 8.52% | – |
| TRU | New | TRANSUNION | $210,613,000 | – | 2,865,088 | – | 8.41% | – |
| A | New | AGILENT TECHNOLOGIES INC | $204,611,000 | – | 2,740,209 | – | 8.17% | – |
| ROST | New | ROSS STORES INC | $188,024,000 | – | 1,896,933 | – | 7.51% | – |
| BKNG | New | BOOKING HOLDINGS INC | $182,850,000 | – | 97,535 | – | 7.30% | – |
| HD | New | HOME DEPOT INC | $160,193,000 | – | 770,272 | – | 6.40% | – |
| TJX | New | TJX COMPANIES INC | $159,956,000 | – | 3,024,880 | – | 6.39% | – |
| SPGI | New | S&P GLOBAL INC | $138,139,000 | – | 606,433 | – | 5.52% | – |
| GDDY | New | GODADDY INC - CLASS A | $130,561,000 | – | 1,861,171 | – | 5.21% | – |
| MA | New | MASTERCARD INC-CLASS A | $128,153,000 | – | 484,455 | – | 5.12% | – |
| PLYA | New | PLAYA HOTELS & RESORTS NV | $18,535,000 | – | 2,404,040 | – | 0.74% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PLYA | Exit | PLAYA HOTELS & RESORTS NV | $0 | – | -2,404,040 | – | -1.78% | – |
| ROST | Exit | ROSS STORES INC | $0 | – | -382,551 | – | -2.91% | – |
| TJX | Exit | TJX COMPANIES INC | $0 | – | -586,424 | – | -5.04% | – |
| MCO | Exit | MOODY'S CORP | $0 | – | -498,461 | – | -6.39% | – |
| SPGI | Exit | S&P GLOBAL INC | $0 | – | -481,550 | – | -7.22% | – |
| A | Exit | AGILENT TECHNOLOGIES INC | $0 | – | -1,507,760 | – | -8.16% | – |
| WP | Exit | WORLDPAY INC. | $0 | – | -1,121,096 | – | -8.71% | – |
| SCHW | Exit | SCHWAB (CHARLES) CORP | $0 | – | -2,336,320 | – | -8.81% | – |
| FB | Exit | FACEBOOK INC-A | $0 | – | -699,342 | – | -8.82% | – |
| BKNG | Exit | BOOKING HOLDINGS INC | $0 | – | -60,066 | – | -9.14% | – |
| V | Exit | VISA INC-CLASS A SHARES | $0 | – | -865,341 | – | -9.96% | – |
| IFF | Exit | INTL FLAVORS & FRAGRANCES | $0 | – | -969,784 | – | -10.35% | – |
| CMCSA | Exit | COMCAST CORP-CLASS A | $0 | – | -4,674,401 | – | -12.70% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CMCSA | Buy | COMCAST CORP-CLASS A | $165,521,000 | +18.0% | 4,674,401 | +9.3% | 12.70% | -6.4% |
| IFF | Buy | INTL FLAVORS & FRAGRANCES | $134,916,000 | +145.7% | 969,784 | +118.9% | 10.35% | +95.0% |
| V | Buy | VISA INC-CLASS A SHARES | $129,879,000 | +34.9% | 865,341 | +19.1% | 9.96% | +7.1% |
| BKNG | New | BOOKING HOLDINGS INC | $119,171,000 | – | 60,066 | – | 9.14% | – |
| FB | Buy | FACEBOOK INC-A | $115,014,000 | +2.2% | 699,342 | +20.8% | 8.82% | -18.9% |
| SCHW | New | SCHWAB (CHARLES) CORP | $114,830,000 | – | 2,336,320 | – | 8.81% | – |
| WP | Sell | WORLDPAY INC. | $113,533,000 | -8.5% | 1,121,096 | -26.1% | 8.71% | -27.4% |
| A | New | AGILENT TECHNOLOGIES INC | $106,357,000 | – | 1,507,760 | – | 8.16% | – |
| SPGI | Buy | S&P GLOBAL INC | $94,090,000 | +20.5% | 481,550 | +25.8% | 7.22% | -4.3% |
| MCO | Buy | MOODY'S CORP | $83,343,000 | +72.8% | 498,461 | +76.3% | 6.39% | +37.1% |
| TJX | Sell | TJX COMPANIES INC | $65,691,000 | -16.4% | 586,424 | -29.0% | 5.04% | -33.6% |
| ROST | Sell | ROSS STORES INC | $37,911,000 | -53.3% | 382,551 | -60.1% | 2.91% | -62.9% |
| PLYA | Sell | PLAYA HOTELS & RESORTS NV | $23,151,000 | -33.5% | 2,404,040 | -25.4% | 1.78% | -47.2% |
| GDDY | Exit | GODADDY INC - CLASS A | $0 | – | -114,766 | – | -0.78% | – |
| MA | Exit | MASTERCARD INC-CLASS A | $0 | – | -163,387 | – | -3.10% | – |
| PAYX | Exit | PAYCHEX INC | $0 | – | -605,761 | – | -4.00% | – |
| AVGO | Exit | BROADCOM INC | $0 | – | -427,267 | – | -10.02% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CMCSA | New | COMCAST CORP-CLASS A | $140,271,000 | – | 4,275,255 | – | 13.56% | – |
| WP | New | WORLDPAY INC. | $124,133,000 | – | 1,517,889 | – | 12.00% | – |
| FB | New | FACEBOOK INC-A | $112,521,000 | – | 579,051 | – | 10.88% | – |
| AVGO | New | BROADCOM INC | $103,672,000 | – | 427,267 | – | 10.02% | – |
| V | New | VISA INC-CLASS A SHARES | $96,254,000 | – | 726,718 | – | 9.31% | – |
| ROST | New | ROSS STORES INC | $81,194,000 | – | 958,036 | – | 7.85% | – |
| TJX | New | TJX COMPANIES INC | $78,561,000 | – | 825,389 | – | 7.60% | – |
| SPGI | New | S&P GLOBAL INC | $78,054,000 | – | 382,825 | – | 7.55% | – |
| IFF | New | INTL FLAVORS & FRAGRANCES | $54,909,000 | – | 442,955 | – | 5.31% | – |
| MCO | New | MOODY'S CORP | $48,228,000 | – | 282,762 | – | 4.66% | – |
| PAYX | New | PAYCHEX INC | $41,404,000 | – | 605,761 | – | 4.00% | – |
| PLYA | New | PLAYA HOTELS & RESORTS NV | $34,792,000 | – | 3,221,456 | – | 3.36% | – |
| MA | New | MASTERCARD INC-CLASS A | $32,109,000 | – | 163,387 | – | 3.10% | – |
| GDDY | New | GODADDY INC - CLASS A | $8,102,000 | – | 114,766 | – | 0.78% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PYPL | Exit | PAYPAL HOLDINGS INC | $0 | – | -130,256 | – | -1.57% | – |
| MA | Exit | MASTERCARD INC-CLASS A | $0 | – | -159,987 | – | -4.26% | – |
| MHK | Exit | MOHAWK INDUSTRIES INC | $0 | – | -97,952 | – | -4.57% | – |
| PAYX | Exit | PAYCHEX INC | $0 | – | -409,029 | – | -4.62% | – |
| NWL | Exit | NEWELL BRANDS INC | $0 | – | -618,487 | – | -4.97% | – |
| MCO | Exit | MOODY'S CORP | $0 | – | -190,586 | – | -5.00% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP-CL A | $0 | – | -187,229 | – | -5.08% | – |
| CTSH | Exit | COGNIZANT TECH SOLUTIONS-A | $0 | – | -396,790 | – | -5.42% | – |
| TJX | Exit | TJX COMPANIES INC | $0 | – | -447,741 | – | -6.22% | – |
| ROST | Exit | ROSS STORES INC | $0 | – | -544,779 | – | -6.63% | – |
| CMCSA | Exit | COMCAST CORP-CLASS A | $0 | – | -985,099 | – | -7.14% | – |
| PLYA | Exit | PLAYA HOTELS & RESORTS NV | $0 | – | -3,844,698 | – | -7.56% | – |
| GDDY | Exit | GODADDY INC - CLASS A | $0 | – | -1,024,327 | – | -8.40% | – |
| SBUX | Exit | STARBUCKS CORP | $0 | – | -867,279 | – | -8.78% | – |
| V | Exit | VISA INC-CLASS A SHARES | $0 | – | -464,009 | – | -9.20% | – |
| VNTV | Exit | VANTIV INC - CL A | $0 | – | -794,528 | – | -10.55% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VNTV | Buy | VANTIV INC - CL A | $55,990,000 | +26.4% | 794,528 | +13.6% | 10.55% | -8.9% |
| V | Sell | VISA INC-CLASS A SHARES | $48,832,000 | +1.5% | 464,009 | -9.6% | 9.20% | -26.9% |
| SBUX | Buy | STARBUCKS CORP | $46,582,000 | +12.2% | 867,279 | +21.8% | 8.78% | -19.2% |
| GDDY | Buy | GODADDY INC - CLASS A | $44,568,000 | +79.3% | 1,024,327 | +74.8% | 8.40% | +29.2% |
| PLYA | Buy | PLAYA HOTELS & RESORTS NV | $40,100,000 | -2.7% | 3,844,698 | +11.5% | 7.56% | -29.9% |
| CMCSA | Buy | COMCAST CORP-CLASS A | $37,907,000 | +32.3% | 985,099 | +33.8% | 7.14% | -4.7% |
| ROST | New | ROSS STORES INC | $35,176,000 | – | 544,779 | – | 6.63% | – |
| TJX | New | TJX COMPANIES INC | $33,012,000 | – | 447,741 | – | 6.22% | – |
| CTSH | Sell | COGNIZANT TECH SOLUTIONS-A | $28,783,000 | +2.0% | 396,790 | -6.6% | 5.42% | -26.5% |
| SBAC | Sell | SBA COMMUNICATIONS CORP-CL A | $26,970,000 | -36.9% | 187,229 | -40.9% | 5.08% | -54.6% |
| MCO | New | MOODY'S CORP | $26,531,000 | – | 190,586 | – | 5.00% | – |
| NWL | New | NEWELL BRANDS INC | $26,391,000 | – | 618,487 | – | 4.97% | – |
| PAYX | New | PAYCHEX INC | $24,525,000 | – | 409,029 | – | 4.62% | – |
| MHK | Buy | MOHAWK INDUSTRIES INC | $24,244,000 | +1262.8% | 97,952 | +1230.5% | 4.57% | +880.7% |
| MA | Sell | MASTERCARD INC-CLASS A | $22,590,000 | -26.3% | 159,987 | -36.6% | 4.26% | -46.9% |
| PYPL | Sell | PAYPAL HOLDINGS INC | $8,340,000 | -78.9% | 130,256 | -82.3% | 1.57% | -84.8% |
| SPGI | Exit | S&P GLOBAL INC | $0 | – | -72,399 | – | -2.77% | – |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| V | New | VISA INC-CLASS A SHARES | $48,125,000 | – | 513,165 | – | 12.59% | – |
| VNTV | New | VANTIV INC - CL A | $44,288,000 | – | 699,211 | – | 11.59% | – |
| SBAC | New | SBA COMMUNICATIONS CORP-CL A | $42,772,000 | – | 317,064 | – | 11.19% | – |
| SBUX | New | STARBUCKS CORP | $41,520,000 | – | 712,049 | – | 10.86% | – |
| PLYA | New | PLAYA HOTELS & RESORTS NV | $41,209,000 | – | 3,448,429 | – | 10.78% | – |
| PYPL | New | PAYPAL HOLDINGS INC | $39,502,000 | – | 736,019 | – | 10.34% | – |
| MA | New | MASTERCARD INC-CLASS A | $30,662,000 | – | 252,470 | – | 8.02% | – |
| CMCSA | New | COMCAST CORP-CLASS A | $28,655,000 | – | 736,256 | – | 7.50% | – |
| CTSH | New | COGNIZANT TECH SOLUTIONS-A | $28,214,000 | – | 424,903 | – | 7.38% | – |
| GDDY | New | GODADDY INC - CLASS A | $24,855,000 | – | 585,933 | – | 6.50% | – |
| SPGI | New | S&P GLOBAL INC | $10,570,000 | – | 72,399 | – | 2.77% | – |
| MHK | New | MOHAWK INDUSTRIES INC | $1,779,000 | – | 7,362 | – | 0.47% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SPGI | Exit | S&P GLOBAL INC | $0 | – | -72,399 | – | -3.61% | – |
| VNTV | Exit | VANTIV INC - CL A | $0 | – | -240,055 | – | -5.32% | – |
| HBI | Exit | HANESBRANDS INC | $0 | – | -626,320 | – | -6.24% | – |
| MA | Exit | MASTERCARD INC-CLASS A | $0 | – | -190,272 | – | -7.63% | – |
| TMH | Exit | TEAM HEALTH HOLDINGS INC | $0 | – | -663,658 | – | -8.52% | – |
| CMCSA | Exit | COMCAST CORP-CLASS A | $0 | – | -368,128 | – | -9.63% | – |
| SBUX | Exit | STARBUCKS CORP | $0 | – | -458,379 | – | -9.78% | – |
| V | Exit | VISA INC-CLASS A SHARES | $0 | – | -339,714 | – | -11.08% | – |
| CTSH | Exit | COGNIZANT TECH SOLUTIONS-A | $0 | – | -654,686 | – | -12.31% | – |
| AZPN | Exit | ASPEN TECHNOLOGY INC | $0 | – | -674,288 | – | -12.44% | – |
| PYPL | Exit | PAYPAL HOLDINGS INC | $0 | – | -832,098 | – | -13.44% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PYPL | Buy | PAYPAL HOLDINGS INC | $34,091,000 | +40.0% | 832,098 | +24.7% | 13.44% | +37.3% |
| AZPN | Sell | ASPEN TECHNOLOGY INC | $31,550,000 | +14.5% | 674,288 | -1.5% | 12.44% | +12.3% |
| CTSH | Buy | COGNIZANT TECH SOLUTIONS-A | $31,235,000 | +19.9% | 654,686 | +43.8% | 12.31% | +17.6% |
| SBUX | New | STARBUCKS CORP | $24,817,000 | – | 458,379 | – | 9.78% | – |
| TMH | Buy | TEAM HEALTH HOLDINGS INC | $21,609,000 | +71.1% | 663,658 | +113.7% | 8.52% | +67.8% |
| VNTV | New | VANTIV INC - CL A | $13,508,000 | – | 240,055 | – | 5.32% | – |
| SPGI | Sell | S&P GLOBAL INC | $9,163,000 | -60.5% | 72,399 | -66.5% | 3.61% | -61.2% |
| SPY | Exit | SPDR S&P 500 ETF TRUST | $0 | – | -2,041 | – | -0.17% | – |
| GDDY | Exit | GODADDY INC - CLASS A | $0 | – | -332,443 | – | -4.17% | – |
| BLK | Exit | BLACKROCK INC | $0 | – | -58,579 | – | -8.06% | – |
| OAK | Exit | OAKTREE CAPITAL GROUP LLC | $0 | – | -503,672 | – | -9.06% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AZPN | New | ASPEN TECHNOLOGY INC | $27,555,000 | – | 684,756 | – | 11.07% | – |
| CTSH | New | COGNIZANT TECH SOLUTIONS-A | $26,053,000 | – | 455,150 | – | 10.47% | – |
| V | New | VISA INC-CLASS A SHARES | $25,197,000 | – | 339,714 | – | 10.12% | – |
| PYPL | New | PAYPAL HOLDINGS INC | $24,355,000 | – | 667,071 | – | 9.79% | – |
| CMCSA | New | COMCAST CORP-CLASS A | $23,998,000 | – | 368,128 | – | 9.64% | – |
| SPGI | New | S&P GLOBAL INC | $23,189,000 | – | 216,196 | – | 9.32% | – |
| OAK | New | OAKTREE CAPITAL GROUP LLC | $22,544,000 | – | 503,672 | – | 9.06% | – |
| BLK | New | BLACKROCK INC | $20,065,000 | – | 58,579 | – | 8.06% | – |
| MA | New | MASTERCARD INC-CLASS A | $16,755,000 | – | 190,272 | – | 6.73% | – |
| HBI | New | HANESBRANDS INC | $15,739,000 | – | 626,320 | – | 6.32% | – |
| TMH | New | TEAM HEALTH HOLDINGS INC | $12,632,000 | – | 310,599 | – | 5.08% | – |
| GDDY | New | GODADDY INC - CLASS A | $10,369,000 | – | 332,443 | – | 4.17% | – |
| SPY | New | SPDR S&P 500 ETF TRUST | $428,000 | – | 2,041 | – | 0.17% | – |
Q4 2015
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MA | Buy | MASTERCARD INC-CLASS A | $37,756,000 | +35.6% | 418,952 | +40.6% | 9.72% | -15.1% |
| CMCSA | Buy | COMCAST CORP-CLASS A | $36,678,000 | +8.2% | 644,838 | +14.5% | 9.44% | -32.2% |
| BLK | Buy | BLACKROCK INC | $33,257,000 | +49.4% | 111,798 | +73.7% | 8.56% | -6.4% |
| MHFI | New | MCGRAW HILL FINANCIAL INC | $32,066,000 | – | 370,709 | – | 8.26% | – |
| ECL | New | ECOLAB INC | $22,265,000 | – | 202,923 | – | 5.73% | – |
| SCHW | New | SCHWAB (CHARLES) CORP | $22,086,000 | – | 773,326 | – | 5.69% | – |
| PYPL | New | PAYPAL HOLDINGS INC | $21,659,000 | – | 697,775 | – | 5.58% | – |
| GDDY | Sell | GODADDY INC - CLASS A | $20,911,000 | -11.7% | 829,477 | -1.2% | 5.38% | -44.7% |
| SFM | New | SPROUTS FARMERS MARKET INC | $19,842,000 | – | 940,359 | – | 5.11% | – |
| CCOI | New | COGENT COMMUNICATIONS HOLDIN | $19,003,000 | – | 699,660 | – | 4.89% | – |
| GWW | Sell | WW GRAINGER INC | $16,487,000 | -12.8% | 76,680 | -4.0% | 4.24% | -45.4% |
| PCI | Buy | PIMCO DYNAMIC CREDIT INCOME | $8,907,000 | +6.2% | 487,503 | +17.3% | 2.29% | -33.5% |
| DSU | Buy | BLACKROCK DEBT STRATEGIES FD | $7,180,000 | +2.6% | 2,149,633 | +11.2% | 1.85% | -35.7% |
| WFM | Buy | WHOLE FOODS MARKET INC | $7,119,000 | +1693.2% | 224,923 | +2132.9% | 1.83% | +1024.5% |
| ARDC | Buy | ARES DYNAMIC CREDIT ALLOCATI | $7,080,000 | +61.2% | 506,809 | +76.9% | 1.82% | +1.0% |
| AIF | Buy | APOLLO TACTICAL INCOME FUND | $4,003,000 | +34.6% | 277,010 | +46.9% | 1.03% | -15.6% |
| HYT | Buy | BLACKROCK CORPORATE HY FD VI | $3,991,000 | -4.9% | 404,381 | +4.0% | 1.03% | -40.4% |
| JQC | Sell | NUVEEN CREDIT STRATEGIES INC | $2,091,000 | -59.5% | 261,997 | -56.3% | 0.54% | -74.6% |
| JSD | Sell | NUVEEN SHORT DURATION CREDIT | $478,000 | -57.7% | 31,427 | -54.1% | 0.12% | -73.5% |
| NSL | Buy | NUVEEN SENIOR INCOME FUND | $478,000 | +2.8% | 80,838 | +11.2% | 0.12% | -35.6% |
| V | Buy | VISA INC-CLASS A SHARES | $413,000 | +3.8% | 5,935 | +0.1% | 0.11% | -35.4% |
| CP | Exit | CANADIAN PACIFIC RAILWAY LTD | $0 | – | -2,450 | – | -0.16% | – |
| BIT | Exit | BLACKROCK MULTI-SECTOR INCOM | $0 | – | -35,180 | – | -0.24% | – |
| ARMF | Exit | ARES MULTI-STRATEGY CREDIT F | $0 | – | -90,585 | – | -0.70% | – |
| SPY | Exit | SPDR S&P 500 ETF TRUST | $0 | – | -13,068 | – | -1.11% | – |
| AZPN | Exit | ASPEN TECHNOLOGY INC | $0 | – | -91,135 | – | -1.71% | – |
| ST | Exit | SENSATA TECHNOLOGIES HOLDING | $0 | – | -119,568 | – | -2.59% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| OAK | New | OAKTREE CAPITAL GROUP LLC | $35,510,000 | – | 667,724 | – | 14.60% | – |
| CMCSA | New | COMCAST CORP-CLASS A | $33,883,000 | – | 563,397 | – | 13.93% | – |
| MA | New | MASTERCARD INC-CLASS A | $27,853,000 | – | 297,953 | – | 11.45% | – |
| CTSH | New | COGNIZANT TECH SOLUTIONS-A | $23,889,000 | – | 391,042 | – | 9.82% | – |
| GDDY | New | GODADDY INC - CLASS A | $23,677,000 | – | 839,901 | – | 9.73% | – |
| BLK | New | BLACKROCK INC | $22,265,000 | – | 64,352 | – | 9.15% | – |
| GWW | New | WW GRAINGER INC | $18,904,000 | – | 79,880 | – | 7.77% | – |
| PCI | New | PIMCO DYNAMIC CREDIT INCOME | $8,385,000 | – | 415,503 | – | 3.45% | – |
| DSU | New | BLACKROCK DEBT STRATEGIES FD | $7,000,000 | – | 1,933,831 | – | 2.88% | – |
| VRSK | New | VERISK ANALYTICS INC-CLASS A | $6,978,000 | – | 95,901 | – | 2.87% | – |
| ST | New | SENSATA TECHNOLOGIES HOLDING | $6,306,000 | – | 119,568 | – | 2.59% | – |
| JQC | New | NUVEEN CREDIT STRATEGIES INC | $5,161,000 | – | 599,461 | – | 2.12% | – |
| ARDC | New | ARES DYNAMIC CREDIT ALLOCATI | $4,391,000 | – | 286,435 | – | 1.80% | – |
| HYT | New | BLACKROCK CORPORATE HY FD VI | $4,195,000 | – | 388,750 | – | 1.72% | – |
| AZPN | New | ASPEN TECHNOLOGY INC | $4,151,000 | – | 91,135 | – | 1.71% | – |
| AIF | New | APOLLO TACTICAL INCOME FUND | $2,973,000 | – | 188,542 | – | 1.22% | – |
| SPY | New | SPDR S&P 500 ETF TRUST | $2,690,000 | – | 13,068 | – | 1.11% | – |
| ARMF | New | ARES MULTI-STRATEGY CREDIT F | $1,702,000 | – | 90,585 | – | 0.70% | – |
| JSD | New | NUVEEN SHORT DURATION CREDIT | $1,129,000 | – | 68,527 | – | 0.46% | – |
| BIT | New | BLACKROCK MULTI-SECTOR INCOM | $583,000 | – | 35,180 | – | 0.24% | – |
| NSL | New | NUVEEN SENIOR INCOME FUND | $465,000 | – | 72,684 | – | 0.19% | – |
| V | New | VISA INC-CLASS A SHARES | $398,000 | – | 5,928 | – | 0.16% | – |
| WFM | New | WHOLE FOODS MARKET INC | $397,000 | – | 10,073 | – | 0.16% | – |
| CP | New | CANADIAN PACIFIC RAILWAY LTD | $393,000 | – | 2,450 | – | 0.16% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MHFI | Exit | MCGRAW HILL FINANCIAL INC | $0 | – | -198,635 | – | -8.05% | – |
| MA | Exit | MASTERCARD INC-CLASS A | $0 | – | -230,557 | – | -8.18% | – |
| DISCK | Exit | DISCOVERY COMMUNICATIONS-C | $0 | – | -476,820 | – | -8.53% | – |
| WFM | Exit | WHOLE FOODS MARKET INC | $0 | – | -506,848 | – | -9.27% | – |
| TJX | Exit | TJX COMPANIES INC | $0 | – | -334,409 | – | -9.50% | – |
| CMCSA | Exit | COMCAST CORP-CLASS A | $0 | – | -371,134 | – | -9.58% | – |
| BFAM | Exit | BRIGHT HORIZONS FAMILY SOLUT | $0 | – | -488,240 | – | -9.86% | – |
| V | Exit | VISA INC-CLASS A SHARES | $0 | – | -97,289 | – | -9.96% | – |
| CTSH | Exit | COGNIZANT TECH SOLUTIONS-A | $0 | – | -611,636 | – | -13.14% | – |
| BLK | Exit | BLACKROCK INC | $0 | – | -88,315 | – | -13.92% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BLK | Buy | BLACKROCK INC | $28,996,000 | +60.0% | 88,315 | +55.7% | 13.92% | +37.3% |
| CTSH | Buy | COGNIZANT TECH SOLUTIONS-A | $27,383,000 | +44.5% | 611,636 | +57.8% | 13.14% | +24.0% |
| WFM | New | WHOLE FOODS MARKET INC | $19,316,000 | – | 506,848 | – | 9.27% | – |
| DISCK | Buy | DISCOVERY COMMUNICATIONS-C | $17,776,000 | +2.7% | 476,820 | +100.0% | 8.53% | -11.8% |
| MA | Buy | MASTERCARD INC-CLASS A | $17,043,000 | +80.4% | 230,557 | +79.3% | 8.18% | +54.9% |
| HYT | Exit | BLACKROCK CORPORATE HY FD VI | $0 | – | -34,424 | – | -0.24% | – |
| AIF | Exit | APOLLO TACTICAL INCOME FUND | $0 | – | -102,052 | – | -1.05% | – |
| CSX | Exit | CSX CORP | $0 | – | -553,646 | – | -9.54% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BFAM | New | BRIGHT HORIZONS FAMILY SOLUT | $20,965,000 | – | 488,240 | – | 11.72% | – |
| V | New | VISA INC-CLASS A SHARES | $20,500,000 | – | 97,289 | – | 11.46% | – |
| CMCSA | New | COMCAST CORP-CLASS A | $19,922,000 | – | 371,134 | – | 11.14% | – |
| CTSH | New | COGNIZANT TECH SOLUTIONS-A | $18,953,000 | – | 387,514 | – | 10.60% | – |
| BLK | New | BLACKROCK INC | $18,124,000 | – | 56,707 | – | 10.13% | – |
| TJX | New | TJX COMPANIES INC | $17,774,000 | – | 334,409 | – | 9.94% | – |
| DISCK | New | DISCOVERY COMMUNICATIONS-C | $17,306,000 | – | 238,410 | – | 9.68% | – |
| CSX | New | CSX CORP | $17,058,000 | – | 553,646 | – | 9.54% | – |
| MHFI | New | MCGRAW HILL FINANCIAL INC | $16,493,000 | – | 198,635 | – | 9.22% | – |
| MA | New | MASTERCARD INC-CLASS A | $9,448,000 | – | 128,599 | – | 5.28% | – |
| AIF | New | APOLLO TACTICAL INCOME FUND | $1,873,000 | – | 102,052 | – | 1.05% | – |
| HYT | New | BLACKROCK CORPORATE HY FD VI | $423,000 | – | 34,424 | – | 0.24% | – |