~12–13% since 1989
Portfolio value
$22.8B
Positions
548
Top 5 concentration
6%
New buys this quarter
13
| Stock | Move | % of portfolio | Value |
|---|---|---|---|
| $TTE.PA TOTALENERGIES SE | New buy | 1.5% | $333M |
| $WFC WELLS FARGO and CO | Held | 1.4% | $318M |
| $PCG PG and E CORP | Held | 1.1% | $260M |
| $OVV OVINTIV INC | Trimmed | 1.1% | $250M |
| $STT STATE STREET CORP | Added | 0.9% | $207M |
| $SNX TD SYNNEX CORP | Trimmed | 0.9% | $203M |
| $PFGC PERFORMANCE FOOD GROUP CO | Added | 0.8% | $190M |
| $SANM SANMINA CORP | Held | 0.8% | $182M |
| $AALB.AS AALBERTS NV | New buy | 0.8% | $178M |
| $PRMB PRIMO BRANDS CORP | Trimmed | 0.8% | $176M |
| $ATD.TO ALIMENTATION COUCHE-TARD INC | New buy | 0.8% | $173M |
| $C CITIGROUP INC | Held | 0.7% | $170M |
| $FANG DIAMONDBACK ENERGY INC | Trimmed | 0.7% | $168M |
| $PNFP PINNACLE FINANCIAL PARTNERS INC | New buy | 0.7% | $166M |
| $VNT VONTIER CORP | Held | 0.7% | $160M |
| $SLGN SILGAN HOLDINGS INC | Held | 0.7% | $160M |
| $UNM UNUM GROUP | Held | 0.7% | $156M |
| $USB US BANCORP DEL | Held | 0.7% | $155M |
| $DCC.L DCC PLC | New buy | 0.7% | $155M |
| $SF STIFEL FINANCIAL CORP | Added | 0.7% | $152M |
| $UNH UNITEDHEALTH GROUP INC | Trimmed | 0.6% | $148M |
| $SHEL.L SHELL PLC | New buy | 0.6% | $146M |
| $CVS CVS HEALTH CORP | Added | 0.6% | $144M |
| $ELAN ELANCO ANIMAL HEALTH INC | Trimmed | 0.6% | $140M |
| $LAZ LAZARD INC | Held | 0.6% | $140M |
| $LH LABCORP HOLDINGS INC | Held | 0.6% | $139M |
| $005930.KS SAMSUNG ELECTRONICS CO LTD | New buy | 0.6% | $138M |
| $DOX AMDOCS LIMITED | New buy | 0.6% | $138M |
| $GILD GILEAD SCIENCES INC | Trimmed | 0.6% | $138M |
| $0856.HK VSTECS HOLDINGS LTD | New buy | 0.6% | $137M |
| $CVE.TO CENOVUS ENERGY INC | Trimmed | 0.6% | $135M |
| $PRI PRIMERICA INC | Added | 0.6% | $131M |
| $G GENPACT LTD | New buy | 0.6% | $131M |
| $AR ANTERO RESOURCES CORPORATION | Held | 0.6% | $131M |
| $GM GENERAL MOTORS CO | Held | 0.6% | $128M |
| $KEY KEYCORP | Held | 0.6% | $126M |
| $WSC WILLSCOT HOLDINGS CORP | Held | 0.5% | $125M |
| $FHI FEDERATED HERMES INC | Held | 0.5% | $121M |
| $CPAY CORPAY INC | New buy | 0.5% | $121M |
| $HSIC HENRY SCHEIN INC | Held | 0.5% | $121M |
| $GSK.L GSK PLC | New buy | 0.5% | $118M |
| $TEX TEREX CORP | Held | 0.5% | $118M |
| $RRC RANGE RESOURCES CORP | Trimmed | 0.5% | $118M |
| $HBAN HUNTINGTON BANCSHARES INC/OH | New buy | 0.5% | $117M |
| $WTFC WINTRUST FINANCIAL CORP | Held | 0.5% | $117M |
| $CI CIGNA GROUP (THE) | Held | 0.5% | $117M |
| $RJF RAYMOND JAMES FINANCIAL INC. | Held | 0.5% | $114M |
| $FNB FNB CORP PA | Held | 0.5% | $114M |
| $DIOD DIODES INC | Trimmed | 0.5% | $113M |
| $CXT CRANE NXT CO | Held | 0.5% | $110M |
Showing top 50 of 548 equity positions (this fund runs a diversified book).
Notable sell-outs this quarter: $HOG, $ASB, $TPH, $CHRD
Source: SEC N-PORT via FMP · Apr 2026 report · monthly portfolio, public with a delay. Long equity positions only. Not financial advice.