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AJO LP Portfolio holdings
AUM
$199M
1-Year Est. Return
109.68%
This Fund
S&P 500
This Quarter
Est. Return
+4.11%
1 Year Est. Return
+109.68%
3 Year Est. Return
+102.43%
5 Year Est. Return
+182.87%
10 Year Est. Return
–
AUM
$19.3B
AUM Growth
-$117M
(-0.6%)
Cap. Flow
-$731M
Cap. Flow
% of AUM
-3.79%
Top 10 Holdings %
Top 10 Hldgs %
16.35%
Holding
801
New
148
Increased
211
Reduced
226
Closed
189
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ManpowerGroup
MAN
|
+$186M |
| 2 |
eBay
EBAY
|
+$185M |
| 3 |
VAR
Varian Medical Systems, Inc.
VAR
|
+$146M |
| 4 |
Eli Lilly
LLY
|
+$143M |
| 5 |
Philip Morris
PM
|
+$118M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$303M |
| 2 |
S&P Global
SPGI
|
+$223M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$187M |
| 4 |
Microsoft
MSFT
|
+$152M |
| 5 |
Quanta Services
PWR
|
+$136M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.05% |
| 2 | Healthcare | 13.96% |
| 3 | Technology | 13.16% |
| 4 | Industrials | 10.07% |
| 5 | Consumer Discretionary | 7.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Johnson & Johnson
JNJ
$624B
| $429M | 2.23% |
3,081,898
-7,968
| -0.3% | -$1.1M |
|
2
Verizon
VZ
$183B
| $418M | 2.17% |
7,317,894
+574,796
| +9% | +$33.1M |
|
3
Pfizer
PFE
$143B
| $408M | 2.12% |
9,933,064
-207,309
| -2% | -$8.23M |
|
4
Chevron
CVX
$387B
| $356M | 1.85% |
2,858,805
-51,367
| -2% | -$6.21M |
|
5
Citigroup
C
$221B
| $308M | 1.6% |
4,397,702
+253,406
| +6% | +$17M |
|
6
PepsiCo
PEP
$184B
| $259M | 1.35% |
1,977,901
-145,845
| -7% | -$18.7M |
|
7
Merck
MRK
$322B
| $258M | 1.34% |
3,230,298
-1,611,989
| -33% | -$123M |
|
8
Exelon
EXC
$48.4B
| $257M | 1.33% |
7,501,453
-270,359
| -3% | -$9.54M |
|
9
Tyson Foods
TSN
$20B
| $228M | 1.19% |
2,827,351
-155,895
| -5% | -$12M |
|
10
HP
HPQ
$22.4B
| $228M | 1.18% |
10,967,497
-158,721
| -1% | -$3.14M |
|
11
Starbucks
SBUX
$118B
| $226M | 1.18% |
2,700,114
+258,169
| +11% | +$20.2M |
|
12
Ally Financial
ALLY
$13.4B
| $223M | 1.16% |
7,207,081
+509,002
| +8% | +$15M |
|
|
13
Philip Morris
PM
$298B
| $223M | 1.16% |
2,836,273
+1,424,246
| +101% | +$118M |
|
|
14
eBay
EBAY
$48.5B
| $223M | 1.16% |
5,636,814
+4,926,786
| +694% | +$185M |
|
15
Hartford Financial Services
HIG
$39B
| $220M | 1.14% |
3,951,112
-49,658
| -1% | -$2.62M |
|
16
Humana
HUM
$47.4B
| $215M | 1.11% |
809,353
+77,882
| +11% | +$19.8M |
|
17
United Airlines
UAL
$37.4B
| $206M | 1.07% |
2,358,460
-68,953
| -3% | -$5.84M |
|
|
18
Microsoft
MSFT
$2.83T
| $206M | 1.07% |
1,541,337
-1,198,897
| -44% | -$152M |
|
19
AES
AES
$10.6B
| $205M | 1.06% |
12,211,358
+1,920,119
| +19% | +$32.5M |
|
20
McKesson
MCK
$96.5B
| $202M | 1.05% |
1,504,097
+120,956
| +9% | +$15.1M |
|
21
CBRE Group
CBRE
$39.7B
| $201M | 1.05% |
3,923,481
-444,392
| -10% | -$22.1M |
|
22
ConocoPhillips
COP
$146B
| $200M | 1.04% |
3,283,924
-828,687
| -20% | -$51.6M |
|
|
23
ManpowerGroup
MAN
$2.32B
| $197M | 1.02% |
+2,038,857
| New | +$186M |
|
24
Cadence Design Systems
CDNS
$91.1B
| $194M | 1.01% |
2,745,859
+810,613
| +42% | +$54.2M |
|
25
Voya Financial
VOYA
$8.78B
| $191M | 0.99% |
3,453,440
+2,094,490
| +154% | +$112M |
|
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AJO LP's Q2 2019 Portfolio in Review
As of Q2 2019, AJO LP held 801 positions worth $19.3B, down 0.6% from $19.4B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
AJO LP withdrew a net $731M in Q2 2019, closing 189 positions and reducing 226 holdings. Its most notable exit was Marathon Petroleum, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Technology.
Against the trend, AJO LP opened a new position in ManpowerGroup worth $197M.
- AJO LP's largest Q2 2019 buy was ManpowerGroup: 2,038,857 shares worth $197M.
- AJO LP added most to eBay in Q2 2019, an estimated $185M increase.
- AJO LP's biggest Q2 2019 reduction was Bank of America, cutting an estimated $303M.
- AJO LP fully exited Marathon Petroleum in Q2 2019, selling an estimated $112M.
- AJO LP's ten largest holdings make up 16% of its $19.3B portfolio in Q2 2019.
- AJO LP opened 148 new positions and closed 189 in Q2 2019.
- AJO LP's portfolio value fell 0.6% quarter-over-quarter to $19.3B.
Based on AJO LP's 13F filing for Q2 2019, filed 14 Aug 2019.