~12% since 1991
Portfolio value
$22.7B
Positions
58
Top 5 concentration
16%
New buys this quarter
6
| Stock | Move | % of portfolio | Value |
|---|---|---|---|
| $TRGP Targa Resources Corp | Trimmed | 3.4% | $773M |
| $DAL Delta Air Lines Inc | Trimmed | 3.3% | $751M |
| $KDP Keurig Dr Pepper Inc | Held | 3.1% | $708M |
| $ABNB Airbnb Inc | Held | 3.1% | $703M |
| $C Citigroup Inc | Held | 3.1% | $694M |
| $MRK Merck & Co Inc | Held | 3% | $682M |
| $ELV Elevance Health Inc | Trimmed | 2.9% | $659M |
| $CTVA Corteva Inc | Held | 2.8% | $641M |
| $ALLY Ally Financial Inc | Held | 2.7% | $610M |
| $COF Capital One Financial Corp | Added | 2.7% | $605M |
| $FCNCA First Citizens BancShares Inc/NC | Trimmed | 2.5% | $575M |
| $SCHW Charles Schwab Corp/The | Added | 2.5% | $559M |
| $COP ConocoPhillips | Trimmed | 2.5% | $559M |
| $CRM Salesforce Inc | Added | 2.4% | $557M |
| $ICE Intercontinental Exchange Inc | Held | 2.4% | $544M |
| $AIG American International Group Inc | Held | 2.2% | $510M |
| $WTW Willis Towers Watson PLC | New buy | 2.2% | $507M |
| $FISV Fiserv Inc | Held | 2.2% | $498M |
| $UNP Union Pacific Corp | Held | 2.2% | $497M |
| $IQV IQVIA Holdings Inc | Held | 2.2% | $496M |
| $ZBH Zimmer Biomet Holdings Inc | Trimmed | 2.1% | $484M |
| $GPN Global Payments Inc | Held | 1.9% | $434M |
| $AER AerCap Holdings NV | New buy | 1.9% | $423M |
| $GM General Motors Co | Held | 1.8% | $408M |
| $RGA Reinsurance Group of America Inc | Trimmed | 1.8% | $400M |
| $BAC Bank of America Corp | Held | 1.7% | $391M |
| $GEHC GE HealthCare Technologies Inc | Held | 1.7% | $381M |
| $MRSH Marsh & McLennan Cos Inc | Added | 1.6% | $358M |
| $STT State Street Corp | Trimmed | 1.6% | $357M |
| $SYY Sysco Corp | New buy | 1.6% | $354M |
| $EFX Equifax Inc | Trimmed | 1.5% | $346M |
| $GOOGL Alphabet Inc | Trimmed | 1.5% | $343M |
| $AMRZ.SW Amrize Ltd | New buy | 1.4% | $325M |
| $CDW CDW Corp/DE | Added | 1.4% | $317M |
| $FBIN Fortune Brands Innovations Inc | Held | 1.4% | $311M |
| $ROP Roper Technologies Inc | Added | 1.4% | $308M |
| $CG Carlyle Group Inc/The | Added | 1.3% | $302M |
| $AMZN Amazon.com Inc | Held | 1.3% | $297M |
| $WFC Wells Fargo & Co | Held | 1.3% | $297M |
| $RJF Raymond James Financial Inc | Added | 1.3% | $296M |
| $NDAQ Nasdaq Inc | Held | 1.3% | $294M |
| $SYF Synchrony Financial | Added | 1.3% | $284M |
| $MAS Masco Corp | Held | 1.2% | $268M |
| $NKE NIKE Inc | Trimmed | 1.2% | $266M |
| $ADBE Adobe Inc | Added | 1.2% | $264M |
| $NFLX Netflix Inc | Held | 1.2% | $261M |
| $CRBG Corebridge Financial Inc | Held | 1% | $223M |
| $GOOG Alphabet Inc | New buy | 1% | $217M |
| $STZ Constellation Brands Inc | Trimmed | 0.9% | $207M |
| $EQH Equitable Holdings Inc | New buy | 0.9% | $203M |
Showing top 50 of 58 equity positions (this fund runs a diversified book).
Notable sell-outs this quarter: $EOG, $WBD
Source: SEC N-PORT via FMP · Jun 2026 report · monthly portfolio, public with a delay. Long equity positions only. Not financial advice.