Conning Inc Portfolio holdings
Conning manages money mainly for insurance companies and pension plans, mostly in bonds and stocks. William S. Conning founded the firm in 1912 to give investment advice to high-net-worth individuals, and it began managing investments for insurers in 1983. Conning has grown by buying majority stakes in specialist managers, including Octagon Credit Investors, which focuses on loans and high yield bonds, in 2016, and the emerging markets debt manager Global Evolution, in which it became majority owner in 2020. It is part of Generali Investments, and its controlling shareholder is Generali Investments Holding, based in Italy.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$21M |
| 2 |
Valero Energy
VLO
|
+$20.9M |
| 3 |
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
|
+$20.8M |
| 4 |
Blackrock
BLK
|
+$20M |
| 5 |
GE Aerospace
GE
|
+$19.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Clorox
CLX
|
+$20.7M |
| 2 |
Chevron
CVX
|
+$19.7M |
| 3 |
Occidental Petroleum
OXY
|
+$18.1M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$7.79M |
| 5 |
McDonald's
MCD
|
+$6.66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 18.35% |
| 2 | Industrials | 15.01% |
| 3 | Consumer Staples | 14.09% |
| 4 | Technology | 12.61% |
| 5 | Healthcare | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
State Street SPDR S&P 500 ETF Trust
SPY
$796B
| $46.1M | 1.93% |
224,219
| – | – |
2013 Q2
11 quarters
|
|
2
AT&T
T
$146B
| $45.4M | 1.9% |
1,533,189
-70,121
| -4% | -$1.94M |
2013 Q2
11 quarters
|
|
3
Verizon
VZ
$191B
| $41M | 1.72% |
757,982
-59,789
| -7% | -$2.99M |
2013 Q2
11 quarters
|
|
4
ExxonMobil
XOM
$672B
| $39.4M | 1.66% |
471,709
+5,052
| +1% | +$405K |
2013 Q2
11 quarters
|
|
5
Johnson & Johnson
JNJ
$671B
| $38.8M | 1.63% |
358,517
-35,254
| -9% | -$3.65M |
2013 Q2
11 quarters
|
|
6
Microsoft
MSFT
$4.02T
| $38.3M | 1.61% |
694,344
-4,761
| -0.7% | -$250K |
2013 Q2
11 quarters
|
|
7
iShares MSCI EAFE ETF
EFA
$77.4B
| $38.1M | 1.6% |
666,356
-7,157
| -1% | -$394K |
2013 Q2
11 quarters
|
|
8
Cisco
CSCO
$389B
| $36.8M | 1.54% |
1,291,277
+1,851
| +0.1% | +$47.6K |
2013 Q2
11 quarters
|
|
9
Pfizer
PFE
$166B
| $35.2M | 1.48% |
1,250,921
+46,851
| +4% | +$1.34M |
2013 Q2
11 quarters
|
|
10
IBM
IBM
$234B
| $34.6M | 1.45% |
238,917
+7,184
| +3% | +$918K |
2013 Q2
11 quarters
|
|
11
Merck
MRK
$363B
| $33.3M | 1.4% |
659,305
+5,714
| +0.9% | +$280K |
2013 Q2
11 quarters
|
|
12
Coca-Cola
KO
$412B
| $32.8M | 1.38% |
707,435
-68,171
| -9% | -$2.97M |
2013 Q2
11 quarters
|
|
13
Procter & Gamble
PG
$386B
| $32.7M | 1.37% |
397,777
-257
| -0.1% | -$20.7K |
2013 Q2
11 quarters
|
|
14
iShares Core S&P Small-Cap ETF
IJR
$106B
| $32.4M | 1.36% |
575,498
+32,144
| +6% | +$1.68M |
2013 Q2
11 quarters
|
|
15
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.5B
| $31.6M | 1.32% |
120,141
+1,670
| +1% | +$407K |
2013 Q2
11 quarters
|
|
|
16
GE Aerospace
GE
$344B
| $31.4M | 1.32% |
206,332
+139,193
| +207% | +$19.7M |
2013 Q2
11 quarters
|
|
17
PepsiCo
PEP
$194B
| $31.4M | 1.32% |
306,677
-23,696
| -7% | -$2.34M |
2013 Q2
11 quarters
|
|
18
iShares Core S&P 500 ETF
IVV
$870B
| $31.3M | 1.31% |
151,570
+944
| +0.6% | +$185K |
2013 Q2
11 quarters
|
|
19
Emerson Electric
EMR
$95.4B
| $30.5M | 1.28% |
560,386
-28,545
| -5% | -$1.38M |
2013 Q2
11 quarters
|
|
20
RTX Corp
RTX
$263B
| $30.3M | 1.27% |
480,814
+43,453
| +10% | +$2.52M |
2013 Q2
11 quarters
|
|
21
DuPont de Nemours
DD
$20.4B
| $30.2M | 1.27% |
234,350
+8,354
| +4% | +$1M |
2013 Q2
11 quarters
|
|
22
Kimberly-Clark
KMB
$68.2B
| $30.1M | 1.26% |
223,836
-38,525
| -15% | -$5.01M |
2013 Q2
11 quarters
|
|
23
Intel
INTC
$312B
| $29.9M | 1.25% |
923,369
+18,668
| +2% | +$573K |
2013 Q2
11 quarters
|
|
24
AbbVie
ABBV
$514B
| $29.6M | 1.24% |
518,048
-549
| -0.1% | -$30.6K |
2013 Q2
11 quarters
|
|
25
Altria Group
MO
$125B
| $29.4M | 1.24% |
469,918
-37,134
| -7% | -$2.25M |
2013 Q2
11 quarters
|
|
Similar funds
Conning Inc's Q1 2016 Portfolio in Review
As of Q1 2016, Conning Inc held 582 positions worth $2.38B, up 1.9% from $2.34B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Conning Inc withdrew a net $90.3M in Q1 2016, closing 23 positions and reducing 121 holdings. Its most notable exit was CHUBB CORPORATION, an estimated $3.17M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 18% of assets, up from 18% a quarter earlier, followed by Industrials and Consumer Staples.
Against the trend, Conning Inc opened a new position in iShares 10+ Year Investment Grade Corporate Bond ETF worth $21.8M.
- Conning Inc's largest Q1 2016 buy was iShares 10+ Year Investment Grade Corporate Bond ETF: 367,050 shares worth $21.8M.
- Conning Inc added most to Amgen in Q1 2016, an estimated $21M increase.
- Conning Inc's biggest Q1 2016 reduction was Clorox, cutting an estimated $20.7M.
- Conning Inc fully exited CHUBB CORPORATION in Q1 2016, selling an estimated $3.17M.
- Conning Inc's ten largest holdings make up 17% of its $2.38B portfolio in Q1 2016.
- Conning Inc opened 38 new positions and closed 23 in Q1 2016.
- Conning Inc's portfolio value rose 1.9% quarter-over-quarter to $2.38B.
Based on Conning Inc's 13F filing for Q1 2016, filed 26 Apr 2016.