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B

Baird Portfolio holdings

AUM $9.78B
1-Year Est. Return 11.39%
This Fund
S&P 500
This Quarter Est. Return
+1.88%
1 Year Est. Return
+11.39%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$6.9B
AUM Growth
+$1.09B
Cap. Flow
+$1.01B
Cap. Flow %
14.59%
Top 10 Hldgs %
13.02%
Holding
1,212
New
114
Increased
570
Reduced
370
Closed
104

Top Buys

Rank Stock Value
1
PRGO icon
Perrigo
PRGO
+$32M
2
TWX
Time Warner Inc
TWX
+$29.5M
3
ULTI
Ultimate Software Group Inc
ULTI
+$25.5M
4
WFC icon
Wells Fargo
WFC
+$25.2M
5
KO icon
Coca-Cola
KO
+$23.4M

Top Sells

Rank Stock Value
1
NVS icon
Novartis
NVS
+$33.6M
2
PPL
PPL Corp
PPL
+$22.2M
3
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$20.6M
4
IDV icon
iShares International Select Dividend ETF
IDV
+$13.9M
5
VOD icon
Vodafone
VOD
+$12.3M

Sector Composition

Rank Sector Weight
1 Industrials 13.3%
2 Technology 11.56%
3 Healthcare 10.53%
4 Financials 10.4%
5 Consumer Discretionary 8.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWY
1201
DELISTED
SAFEWAY INC
SWY
– –
-39,217
Closed -$1.14M
SMA
1202
DELISTED
SYMMETRY MEDICAL INC
SMA
– –
-30,015
Closed -$303K
VCBI
1203
DELISTED
VIRGINIA COMMERCE BANCORP
VCBI
– –
-14,740
Closed -$250K
NGZ
1204
DELISTED
Allianzgi Global Equity & Conv Inc Fund
NGZ
– –
-38,115
Closed -$583K
SNTS
1205
DELISTED
SANTARUS INC
SNTS
– –
-8,692
Closed -$278K
RXII
1206
DELISTED
GALENA BIOPHARMA INC COM
RXII
– –
-17,000
Closed -$84K
XL
1207
DELISTED
XL Group Ltd.
XL
– –
-34,594
Closed -$1.1M
ENV
1208
DELISTED
ENVESTNET, INC.
ENV
– –
-13,067
Closed -$527K
VXX
1209
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
– –
-592
Closed -$403K
KEG
1210
DELISTED
KEY ENERGY SERVICES INC
KEG
– –
-162,991
Closed -$1.29M
POM
1211
DELISTED
PEPCO HOLDINGS, INC.
POM
– –
-72,610
Closed -$1.39M
45 46 47 48
49

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Baird's Q1 2014 Portfolio in Review

As of Q1 2014, Baird held 1,212 positions worth $6.9B, up 19% from $5.81B the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Baird deployed $1.01B of net new capital in Q1 2014, opening 114 new positions and adding to 570 existing holdings. Its largest new stake was Perrigo: 202,585 shares worth $31.3M.

By sector, the portfolio is most concentrated in Industrials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Novartis, an estimated $33.6M trimmed.

  • Baird's largest Q1 2014 buy was Perrigo: 202,585 shares worth $31.3M.
  • Baird added most to Time Warner Inc in Q1 2014, an estimated $29.5M increase.
  • Baird's biggest Q1 2014 reduction was Novartis, cutting an estimated $33.6M.
  • Baird fully exited InterContinental Hotels in Q1 2014, selling an estimated $3.87M.
  • Baird's ten largest holdings make up 13% of its $6.9B portfolio in Q1 2014.
  • Baird opened 114 new positions and closed 104 in Q1 2014.
  • Baird's portfolio value rose 19% quarter-over-quarter to $6.9B.

Based on Baird's 13F filing for Q1 2014, filed 9 May 2014.