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 |
Nucor
NUE
|
+$26M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$24.8M |
| 3 |
Praxair Inc
PX
|
+$21.3M |
| 4 |
AKRX
Akorn Inc
AKRX
|
+$4.75M |
| 5 |
Boeing
BA
|
+$3.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sysco
SYY
|
+$24.2M |
| 2 |
Amgen
AMGN
|
+$22.1M |
| 3 |
AbbVie
ABBV
|
+$21.2M |
| 4 |
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
|
+$7.07M |
| 5 |
Texas Instruments
TXN
|
+$5.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 21.33% |
| 2 | Industrials | 14.31% |
| 3 | Consumer Staples | 12.12% |
| 4 | Technology | 12.06% |
| 5 | Healthcare | 8.77% |
| 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
$811B
| $48.2M | 1.92% |
222,974
| – | – |
2013 Q2
13 quarters
|
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $45.6M | 1.82% |
210,600
+55,600
| +36% | +$12M |
2016 Q1
2 quarters
|
|
3
AT&T
T
$147B
| $43.7M | 1.74% |
1,425,569
-85,872
| -6% | -$2.71M |
2013 Q2
13 quarters
|
|
4
iShares MSCI EAFE ETF
EFA
$78.5B
| $41.5M | 1.65% |
701,898
+12,051
| +2% | +$699K |
2013 Q2
13 quarters
|
|
5
Johnson & Johnson
JNJ
$665B
| $39M | 1.55% |
329,809
-19,607
| -6% | -$2.38M |
2013 Q2
13 quarters
|
|
6
ExxonMobil
XOM
$690B
| $38.1M | 1.52% |
437,093
-14,227
| -3% | -$1.26M |
2013 Q2
13 quarters
|
|
7
Microsoft
MSFT
$4.13T
| $38M | 1.51% |
659,137
-32,382
| -5% | -$1.83M |
2013 Q2
13 quarters
|
|
8
Verizon
VZ
$191B
| $37.9M | 1.51% |
729,116
-15,877
| -2% | -$852K |
2013 Q2
13 quarters
|
|
9
iShares Core S&P Small-Cap ETF
IJR
$107B
| $37.6M | 1.5% |
606,222
+6,000
| +1% | +$366K |
2013 Q2
13 quarters
|
|
10
Cisco
CSCO
$408B
| $36.9M | 1.47% |
1,162,785
-37,355
| -3% | -$1.15M |
2013 Q2
13 quarters
|
|
11
Pfizer
PFE
$175B
| $36.9M | 1.47% |
1,147,146
+8,320
| +0.7% | +$278K |
2013 Q2
13 quarters
|
|
12
Procter & Gamble
PG
$388B
| $34.6M | 1.38% |
386,030
-12,572
| -3% | -$1.09M |
2013 Q2
13 quarters
|
|
13
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.3B
| $33.9M | 1.35% |
120,141
| – | – |
2013 Q2
13 quarters
|
|
14
iShares Core S&P 500 ETF
IVV
$883B
| $33.4M | 1.33% |
153,421
+1,105
| +0.7% | +$240K |
2013 Q2
13 quarters
|
|
15
Merck
MRK
$371B
| $33.2M | 1.32% |
557,041
-70,450
| -11% | -$4.12M |
2013 Q2
13 quarters
|
|
16
Intel
INTC
$310B
| $32.9M | 1.31% |
872,712
-39,441
| -4% | -$1.4M |
2013 Q2
13 quarters
|
|
17
Qualcomm
QCOM
$185B
| $32.8M | 1.31% |
479,173
+3,436
| +0.7% | +$209K |
2013 Q2
13 quarters
|
|
18
PepsiCo
PEP
$194B
| $32.5M | 1.3% |
298,724
-7,068
| -2% | -$762K |
2013 Q2
13 quarters
|
|
19
IBM
IBM
$240B
| $31.9M | 1.27% |
210,062
-10,530
| -5% | -$1.6M |
2013 Q2
13 quarters
|
|
20
Coca-Cola
KO
$412B
| $30.8M | 1.23% |
726,824
+23,695
| +3% | +$1.04M |
2013 Q2
13 quarters
|
|
21
Walmart Inc
WMT
$1.02T
| $30.4M | 1.21% |
1,264,965
-2,352
| -0.2% | -$57.1K |
2013 Q2
13 quarters
|
|
22
Emerson Electric
EMR
$95.1B
| $29.8M | 1.19% |
547,053
+1,026
| +0.2% | +$55K |
2013 Q2
13 quarters
|
|
23
RTX Corp
RTX
$268B
| $29.3M | 1.17% |
457,991
-1,519
| -0.3% | -$101K |
2013 Q2
13 quarters
|
|
24
Cummins
CMI
$65B
| $29.1M | 1.16% |
227,031
-1,251
| -0.5% | -$152K |
2013 Q2
13 quarters
|
|
25
Kimberly-Clark
KMB
$36.2B
| $29.1M | 1.16% |
230,451
+569
| +0.2% | +$73.6K |
2013 Q2
13 quarters
|
|
Similar funds
Conning Inc's Q3 2016 Portfolio in Review
As of Q3 2016, Conning Inc held 603 positions worth $2.51B, up 3.6% from $2.42B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Conning Inc withdrew a net $115M in Q3 2016, closing 23 positions and reducing 176 holdings. Its most notable exit was NEXTERA ENERGY INC EQUITY UNIT, an estimated $7.07M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 21% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Staples.
Against the trend, Conning Inc opened a new position in Akorn Inc worth $4.37M.
- Conning Inc's largest Q3 2016 buy was Akorn Inc: 160,370 shares worth $4.37M.
- Conning Inc added most to Nucor in Q3 2016, an estimated $26M increase.
- Conning Inc's biggest Q3 2016 reduction was Sysco, cutting an estimated $24.2M.
- Conning Inc fully exited NEXTERA ENERGY INC EQUITY UNIT in Q3 2016, selling an estimated $7.07M.
- Conning Inc's ten largest holdings make up 16% of its $2.51B portfolio in Q3 2016.
- Conning Inc opened 34 new positions and closed 23 in Q3 2016.
- Conning Inc's portfolio value rose 3.6% quarter-over-quarter to $2.51B.
Based on Conning Inc's 13F filing for Q3 2016, filed 25 Oct 2016.